August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan…
August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan…
August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government.…
August 2: The weather across the nation is likely to improve from…
August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and…
August 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the…
August 2: The government is preparing to change the hydropower development modality in the near future.…
August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting…
August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the…
August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel…
August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons.…
August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150…
August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on…
August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY…
August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its…
August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25…
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Supreme Court Administration rejected the writ petition filed by the Consumer Interest Protection Forum demanding a high-level investigation against Finance Minister Sharma for his alleged role in allowing unauthorized persons to become part of the budget making process. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Registrar of the Supreme Court Narayan Prasad Panthi said that the writ petition was rejected as it was brought without completing the due process. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-03', 'modified' => '2022-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '15472', 'image' => '20220803085524_Supreme Court.jpg', 'article_date' => '2022-08-03 08:54:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15730', 'article_category_id' => '1', 'title' => 'Industrial Meet Kicks off in Madhesh Province ', 'sub_title' => '', 'summary' => 'August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. T', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. The industrial meet is underway in collaboration with Skills Enhancement for Employment Project (SEEP). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Minister of Madhes Province, Lal Babu Raut, Finance Minister of Madhes Province Shailendra Prasad Saha, province minister for land management, agriculture and cooperatives Bijaya Yadav, province minister for industry, tourism and forests Shatrughan Mahato, British ambassador to Nepal Nicola Pollitt, chief secretary of Madhes province Krishna Bahadur Raut attended the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some 100 industrialists from the province are participating in the province-level industrial meet that concludes on Wednesday. Group and thematic discussions will be held regarding the steps to be taken for economic growth in the coming days. The meet will also review the progress of economic growth and reform measures to be undertaken in the days ahead. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the province government awarded 23 industries contributing to enhancing employment and economic growth of the province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15471', 'image' => '20220802033714_Industries.jpg', 'article_date' => '2022-08-02 15:36:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15729', 'article_category_id' => '1', 'title' => 'Weather Likely to Improve from Wednesday ', 'sub_title' => 'Light to moderate rain likely at many places of country today ', 'summary' => 'August 2: The weather across the nation is likely to improve from Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The weather across the nation is likely to improve from Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather would improve from Wednesday as there is a possibility of the low pressure system moving towards India, weakening the monsoon, says meteorologist at the Department of Hydrology and Meteorology, Manju Basi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rainfall has been taking place in most of the places of the country since the past few days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The weather is generally to mostly cloudy throughout the country today with chances of light to moderate rain accompanied by thunder and lightning at many places, according to the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there are chances of heavy rainfall in a few places of Province 1, Madhesh Province, Bagmati Province, Gandaki Province and Lumbini Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy throughout the country. Light to moderate rain with thunder and lightning has been forecast at some places of the country with the possibility of heavy rain with thunder and lightning at one or two places of Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the meteorological analysis of the division, the axis of monsoon trough at present is slightly towards north from the normal position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Monsoon which has been active since the past few days is likely to become weaker from Wednesday, resulting in improvement in weather condition. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15470', 'image' => '20220802032218_imgbiyP8PyF.jpg', 'article_date' => '2022-08-02 15:21:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15728', 'article_category_id' => '1', 'title' => '26K Tons of Maize Released from Ukraine Port', 'sub_title' => '', 'summary' => 'August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The agreement was signed a few weeks ago with the mediation of the United Nations and Turkey. According to the officials of Turkey and Ukraine, the ship holding the flag of Sierra Leone left the southern port of Odessa on Monday morning.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of food and grains from Ukraine came to a halt after Russia began its invasion of Ukraine on February 24. As a result, the supply of wheat, soybean, corn and other grains was affected worldwide and the prices surged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">With this, there is a hope that the global food crisis will come to an end and the price of grains will go down again. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Joint Cooperation Center (JCC) established in Istanbul, the ship is carrying about 26,000 tons of corn as per the agreement. The ship is expected to arrive in Turkish waters for inspection on Tuesday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Ukraine's Minister of Infrastructure Oleksandr Kubrakov wrote in a Facebook post that Ukraine will earn at least USD 1 billion in foreign exchange from grain export after the export from the port is allowed, and this will provide an opportunity for planning in the agricultural sector in the coming year. He also said that 16 ships are waiting to export grain from Odessa in the coming weeks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Last month, a grain export agreement was signed between Russia and Ukraine for 120 days. As per the information, if both parties agree, then the term of the agreement can be extended. As the Ukrainian grain could not be exported, the price of bread, pasta and other foods made from wheat became more expensive across the globe. Besides, the price of edible oil and fertilizer also surged in the world market.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the agreement, Russia will not target the port while the grain is being transported on the ship or in the waterway. Turkey will inspect the ship to ease Russia's suspicions of weapon smuggling on board. Grain will be exported from the ports of Odessa, Chornomorsk and Pivdenne in southern Ukraine.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15469', 'image' => '20220802023107_ukraine.jpg', 'article_date' => '2022-08-02 14:30:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15727', 'article_category_id' => '1', 'title' => 'Stakeholders Demand Strict Policy in Registering Cooperatives', 'sub_title' => '', 'summary' => 'August 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives.', '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 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives. </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"">Submitting the annual report of the fiscal year 2020/2</span></span><span style="font-size:10.5pt"><span style="font-family:"Arial","sans-serif"">1</span></span><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> to the Minister for Land Management, Cooperatives and Poverty Alleviation, Shashi Shrestha, the committee suggested the government to adopt strict measures while registering the cooperatives in order to curb the haphazard registration.</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"">All the three tiers of governments are doing everything from registration to regulation of cooperatives, which fall under the common jurisdiction of the federal, state and local levels. </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"">Although the registration of savings and credit cooperatives have been stopped at the federal level, the state and local levels are still registering them except the Bagmati state government which closed the registration of savings and credit cooperatives some time ago.</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 committee pointed out that cooperatives are not being operated as it should be and the institutions have become problematic due to non-compliance with the laws and regulations related to the cooperatives. </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 committee suggests that effective implementation of laws related to the cooperatives as well as promotion of good governance in cooperatives is necessary to avoid problems. </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, the committee mentioned that the public trust in cooperatives can be increased only if they follow basic principles such as encouraging the process of merger between cooperatives with similar objectives, operating cooperatives with a strategy to reach the underprivileged, and operating in such a way that good governance is fully guaranteed.</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"">Receiving the report of the committee, Minister Shrestha emphasized that all parties should be involved in making cooperatives accountable. She mentioned that the ministry has emphasized on a cooperative campaign and developing a self-sufficient economy by linking it with production. Explaining that the cooperatives are the backbone of economic development, Minister Shrestha urged the cooperatives to become member-oriented and professional.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15468', 'image' => '20220802015543_cooperative problematic.jpg', 'article_date' => '2022-08-02 13:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15726', 'article_category_id' => '1', 'title' => 'Government Preparing to Change Hydropower Development Modality', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to change the hydropower development modality in the near future. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 2: The government is preparing to change the hydropower development modality in the near future. The government is planning to increase production of hydropower energy by adopting a flexible policy based on the feasibility of hydropower development projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the government will remain open towards the design of hydropower projects and will not impose any preconditions and limitations on it. It is believed that the hydropower projects will be able to generate more electricity by maximum utilization of water once the government lifts the restrictions on limitation and removes preconditions for developing hydropower projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Hydropower projects under the existing Q-40 modality are required to prepare the design while constructing the hydropower plants. There is a possibility of wastage of water under this modality.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Former energy secretary Anup Upadhyay says that the lower the Q level is while increasing the capacity of the project, the wastage of water will be less. If the provision of Q-40 is removed, the developers can adopt a modality to increase production while designing the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already removed the provision of designing the semi-reservoir projects (PROR) under the Q-40 model. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A board meeting of Nepal Electricity Authority on June 18 had decided to remove the provision of Q-40 for semi-reservoir projects. Such projects are now required to produce up to 70 percent energy of their installed capacity during rainy season and 30 percent during dry season. This provision was removed only for semi-reservoir based projects but will soon be implemented for reservoir-based hydropower projects as well. Minister for Energy, Hydropower and Irrigation Pampha Bhusal says that the government is holding extensive discussions about this topic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a programme organized in the capital on Sunday, Minister Bhusal said that the Government of Nepal is in favour of removing the provision of ‘Q’ considering its impact on climate change globally.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Bhusal said that the government is also preparing to open power purchase agreement of ROR projects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Independent Power Producers Association of Nepal (IPPAN) is also positive about the government’s decision to remove the provision of ‘Q’. IPPAN is of the view that the existing provision has been causing a loss in production capacity of hydropower projects. IPPAN insists that the Q-40 provision is a hindrance to optimal use of hydropower projects and has urged the government to remove it for all kinds of projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to IPPAN President Krishna Acharya, hydropower projects in neighbouring India and Bhutan are built under Q-20 to Q-25 models while Sri Lanka has adopted a policy to develop such projects under the Q-20 model.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“However, Nepal has a provision of Q-40 which is not practical,” says Acharya.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the government can check the quality and standard of hydropower projects but should not set unnecessary preconditions on production limits.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15467', 'image' => '20220802010355_hydro.jpg', 'article_date' => '2022-08-02 13:03:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15725', 'article_category_id' => '1', 'title' => 'Rain Damages Araniko Highway Affecting Transportation ', 'sub_title' => '', 'summary' => 'August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As a result, trucks and containers heading to China through Tatopani have been stranded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Repair of the damaged road has started in coordination with the Department of Roads, informed the local police. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police Dakshya Kumar Basnet, information officer for the District Police Office, Sindhupalchowk, however said that transportation of small and light vehicles has been allowed. Tatopani is one of the two major trading points with China. However, supply of goods through this customs point has been irregular since the devastating earthquake seven years ago and the onset of coronavirus pandemic around two years ago. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15466', 'image' => '20220802120609_Tatopani.jpg', 'article_date' => '2022-08-02 12:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15724', 'article_category_id' => '1', 'title' => 'Labour Minister Insists on Accommodating Aspiring Workforce within the Country ', 'sub_title' => '', 'summary' => 'August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting of the Industry, Commerce, Labour, and Consumers Welfare Committee, of the House of Representatives on Monday, the minister said aspiring domestic workforce should be encouraged to explore work opportunities within the country. The meeting focused on issues concerning foreign employment and labour. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister said that Nepal has been a good labour market for the people from India while Nepali workers go abroad seeking employment opportunities. It is necessary to make the workers here aware that they can find a labour market within the country and it could pay them as equally as the foreign employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He insisted on sending only the people with adequate skills to foreign jobs, suggesting for the management of domestic workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Committee President Bimal Shriwastav was of the opinion of creating jobs for domestic workforce. He shared that during a monitoring of a steel industry, it was found that the number of workers from India was double than that of domestic workers and the scenario suggested the possibility of managing probable workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the labour ministry, Eknarayan Aryal said the ministry is working to promote internal labour market and at present, 145,113 are employed under the Prime Minister Employment Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Director General of Department of Labour and Occupational Safety, Umakant Acharya, industrialists said they preferred workforce from outside the country as they performed more responsibly than domestic workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General at the Department of Foreign Employment Shesh Narayan Paudel said there was a drop in number of Nepali nationals going abroad for jobs during the peak of COVID-19 pandemic and the figure had started going up with the slowdown in infection rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Paudel, 642,000 people went for foreign employment in the fiscal year 2016-17 and this figure dropped to 166,000 during FY 2020-21 and it rose to 621,000 last fiscal year (FY 2021-22). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15465', 'image' => '20220802114329_1634599881.4.jpg', 'article_date' => '2022-08-02 11:42:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15721', 'article_category_id' => '1', 'title' => 'IOC Lowers Fuel Prices, Will NOC Slash the Prices?', 'sub_title' => '', 'summary' => 'August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the revised list received by the state-owned oil company of Nepal on Monday, the price of petrol has been reduced by Rs 16. 80 per litre. Likewise, the price of diesel and kerosene has been reduced by Rs 12. 45 per litre.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On July 15, IOC had reduced the price of petrol by Rs 15. 76 and diesel by Rs 16. 56 per litre. However, NOC is yet to adjust the price of petroleum products stating that it is still in internal loss despite the reduction in price list sent by the IOC. The NOC has not yet made its views public regarding whether it will lower the price of fuel or not.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">NOC insists it is still bearing a loss of Rs 14.19 on a litre of petrol and a loss of Rs 21. 92 per litre of diesel/kerosene.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The IOC reduced the price of petroleum products after a decline in fuel prices in the international market. The price of Brent crude oil in the international market currently stands at USD 103 per barrel.</span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15464', 'image' => '20220801041923_1659345984_.jpg', 'article_date' => '2022-08-01 16:18:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15722', 'article_category_id' => '1', 'title' => '‘It is Normal for Cable Car to Halt’', 'sub_title' => '', 'summary' => 'August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. The company assured that such activity is of no harm to the passengers.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The company organized a press conference to inform about the security of cable car after news reports raised serious questions about the cable car coming to a sudden halt.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Organising the press meet in the capital on Friday, the company informed media persons about the technical aspects of cable car and the procedures they adopt when it comes to a sudden halt. The company made a live demonstration to the media persons by halting the cable car travelled by around 100 media persons for ten minutes.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the company’s engineer Saroj Chapagain, the cable car will come to a halt if the power goes off all of a sudden or if there is any problem related to automated system or the software of the cable car. The company claimed that it has kept generator produced by the world’s most reliable company standby just in case there is an emergency. According to the company, it has a one-megawatt capacity generator at the bottom station of the cable car.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the passengers will be taken to the top or the bottom station safely if through ‘emergency drive’ if the generator fails to operate due to technical glitches. The company said that it will take around 45 minutes to safely carry all the passengers of thirty eight cabins through the use of emergency drive.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During normal situation, the cable car operates at a speed of five meters per second. However, during emergency drive, the speed is one meter per second due to which it will take around 40 to 45 minutes for the passengers to reach the top or the bottom station.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the cable car cabins might swing in case there is windstorm and the passengers often panic during such situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“How much it swings, it will not break off,” assured Chapagain.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of Chandragiri Hills Limited, Chandra Prasad Dhakal, informed that the incidents of cable car coming to a halt is prevalent worldwide. He recalled that the cable car used by former Prime Minister KP Sharma Oli during his visit to Geneva came to a standstill for almost two hours. Dhakal was also in the delegation led by Oli.</span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15463', 'image' => '20220801055657_Pro_Ktm_Cablecare1.jpg', 'article_date' => '2022-08-01 17:56:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', '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' => '15731', 'article_category_id' => '1', 'title' => 'Supreme Court Rejects Writ Petition against Finance Minister', 'sub_title' => '', 'summary' => 'August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Supreme Court Administration rejected the writ petition filed by the Consumer Interest Protection Forum demanding a high-level investigation against Finance Minister Sharma for his alleged role in allowing unauthorized persons to become part of the budget making process. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Registrar of the Supreme Court Narayan Prasad Panthi said that the writ petition was rejected as it was brought without completing the due process. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-03', 'modified' => '2022-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '15472', 'image' => '20220803085524_Supreme Court.jpg', 'article_date' => '2022-08-03 08:54:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15730', 'article_category_id' => '1', 'title' => 'Industrial Meet Kicks off in Madhesh Province ', 'sub_title' => '', 'summary' => 'August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. T', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. The industrial meet is underway in collaboration with Skills Enhancement for Employment Project (SEEP). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Minister of Madhes Province, Lal Babu Raut, Finance Minister of Madhes Province Shailendra Prasad Saha, province minister for land management, agriculture and cooperatives Bijaya Yadav, province minister for industry, tourism and forests Shatrughan Mahato, British ambassador to Nepal Nicola Pollitt, chief secretary of Madhes province Krishna Bahadur Raut attended the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some 100 industrialists from the province are participating in the province-level industrial meet that concludes on Wednesday. Group and thematic discussions will be held regarding the steps to be taken for economic growth in the coming days. The meet will also review the progress of economic growth and reform measures to be undertaken in the days ahead. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the province government awarded 23 industries contributing to enhancing employment and economic growth of the province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15471', 'image' => '20220802033714_Industries.jpg', 'article_date' => '2022-08-02 15:36:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15729', 'article_category_id' => '1', 'title' => 'Weather Likely to Improve from Wednesday ', 'sub_title' => 'Light to moderate rain likely at many places of country today ', 'summary' => 'August 2: The weather across the nation is likely to improve from Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The weather across the nation is likely to improve from Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather would improve from Wednesday as there is a possibility of the low pressure system moving towards India, weakening the monsoon, says meteorologist at the Department of Hydrology and Meteorology, Manju Basi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rainfall has been taking place in most of the places of the country since the past few days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The weather is generally to mostly cloudy throughout the country today with chances of light to moderate rain accompanied by thunder and lightning at many places, according to the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there are chances of heavy rainfall in a few places of Province 1, Madhesh Province, Bagmati Province, Gandaki Province and Lumbini Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy throughout the country. Light to moderate rain with thunder and lightning has been forecast at some places of the country with the possibility of heavy rain with thunder and lightning at one or two places of Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the meteorological analysis of the division, the axis of monsoon trough at present is slightly towards north from the normal position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Monsoon which has been active since the past few days is likely to become weaker from Wednesday, resulting in improvement in weather condition. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15470', 'image' => '20220802032218_imgbiyP8PyF.jpg', 'article_date' => '2022-08-02 15:21:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15728', 'article_category_id' => '1', 'title' => '26K Tons of Maize Released from Ukraine Port', 'sub_title' => '', 'summary' => 'August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The agreement was signed a few weeks ago with the mediation of the United Nations and Turkey. According to the officials of Turkey and Ukraine, the ship holding the flag of Sierra Leone left the southern port of Odessa on Monday morning.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of food and grains from Ukraine came to a halt after Russia began its invasion of Ukraine on February 24. As a result, the supply of wheat, soybean, corn and other grains was affected worldwide and the prices surged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">With this, there is a hope that the global food crisis will come to an end and the price of grains will go down again. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Joint Cooperation Center (JCC) established in Istanbul, the ship is carrying about 26,000 tons of corn as per the agreement. The ship is expected to arrive in Turkish waters for inspection on Tuesday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Ukraine's Minister of Infrastructure Oleksandr Kubrakov wrote in a Facebook post that Ukraine will earn at least USD 1 billion in foreign exchange from grain export after the export from the port is allowed, and this will provide an opportunity for planning in the agricultural sector in the coming year. He also said that 16 ships are waiting to export grain from Odessa in the coming weeks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Last month, a grain export agreement was signed between Russia and Ukraine for 120 days. As per the information, if both parties agree, then the term of the agreement can be extended. As the Ukrainian grain could not be exported, the price of bread, pasta and other foods made from wheat became more expensive across the globe. Besides, the price of edible oil and fertilizer also surged in the world market.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the agreement, Russia will not target the port while the grain is being transported on the ship or in the waterway. Turkey will inspect the ship to ease Russia's suspicions of weapon smuggling on board. Grain will be exported from the ports of Odessa, Chornomorsk and Pivdenne in southern Ukraine.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15469', 'image' => '20220802023107_ukraine.jpg', 'article_date' => '2022-08-02 14:30:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15727', 'article_category_id' => '1', 'title' => 'Stakeholders Demand Strict Policy in Registering Cooperatives', 'sub_title' => '', 'summary' => 'August 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives.', '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 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives. </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"">Submitting the annual report of the fiscal year 2020/2</span></span><span style="font-size:10.5pt"><span style="font-family:"Arial","sans-serif"">1</span></span><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> to the Minister for Land Management, Cooperatives and Poverty Alleviation, Shashi Shrestha, the committee suggested the government to adopt strict measures while registering the cooperatives in order to curb the haphazard registration.</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"">All the three tiers of governments are doing everything from registration to regulation of cooperatives, which fall under the common jurisdiction of the federal, state and local levels. </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"">Although the registration of savings and credit cooperatives have been stopped at the federal level, the state and local levels are still registering them except the Bagmati state government which closed the registration of savings and credit cooperatives some time ago.</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 committee pointed out that cooperatives are not being operated as it should be and the institutions have become problematic due to non-compliance with the laws and regulations related to the cooperatives. </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 committee suggests that effective implementation of laws related to the cooperatives as well as promotion of good governance in cooperatives is necessary to avoid problems. </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, the committee mentioned that the public trust in cooperatives can be increased only if they follow basic principles such as encouraging the process of merger between cooperatives with similar objectives, operating cooperatives with a strategy to reach the underprivileged, and operating in such a way that good governance is fully guaranteed.</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"">Receiving the report of the committee, Minister Shrestha emphasized that all parties should be involved in making cooperatives accountable. She mentioned that the ministry has emphasized on a cooperative campaign and developing a self-sufficient economy by linking it with production. Explaining that the cooperatives are the backbone of economic development, Minister Shrestha urged the cooperatives to become member-oriented and professional.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15468', 'image' => '20220802015543_cooperative problematic.jpg', 'article_date' => '2022-08-02 13:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15726', 'article_category_id' => '1', 'title' => 'Government Preparing to Change Hydropower Development Modality', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to change the hydropower development modality in the near future. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 2: The government is preparing to change the hydropower development modality in the near future. The government is planning to increase production of hydropower energy by adopting a flexible policy based on the feasibility of hydropower development projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the government will remain open towards the design of hydropower projects and will not impose any preconditions and limitations on it. It is believed that the hydropower projects will be able to generate more electricity by maximum utilization of water once the government lifts the restrictions on limitation and removes preconditions for developing hydropower projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Hydropower projects under the existing Q-40 modality are required to prepare the design while constructing the hydropower plants. There is a possibility of wastage of water under this modality.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Former energy secretary Anup Upadhyay says that the lower the Q level is while increasing the capacity of the project, the wastage of water will be less. If the provision of Q-40 is removed, the developers can adopt a modality to increase production while designing the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already removed the provision of designing the semi-reservoir projects (PROR) under the Q-40 model. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A board meeting of Nepal Electricity Authority on June 18 had decided to remove the provision of Q-40 for semi-reservoir projects. Such projects are now required to produce up to 70 percent energy of their installed capacity during rainy season and 30 percent during dry season. This provision was removed only for semi-reservoir based projects but will soon be implemented for reservoir-based hydropower projects as well. Minister for Energy, Hydropower and Irrigation Pampha Bhusal says that the government is holding extensive discussions about this topic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a programme organized in the capital on Sunday, Minister Bhusal said that the Government of Nepal is in favour of removing the provision of ‘Q’ considering its impact on climate change globally.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Bhusal said that the government is also preparing to open power purchase agreement of ROR projects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Independent Power Producers Association of Nepal (IPPAN) is also positive about the government’s decision to remove the provision of ‘Q’. IPPAN is of the view that the existing provision has been causing a loss in production capacity of hydropower projects. IPPAN insists that the Q-40 provision is a hindrance to optimal use of hydropower projects and has urged the government to remove it for all kinds of projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to IPPAN President Krishna Acharya, hydropower projects in neighbouring India and Bhutan are built under Q-20 to Q-25 models while Sri Lanka has adopted a policy to develop such projects under the Q-20 model.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“However, Nepal has a provision of Q-40 which is not practical,” says Acharya.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the government can check the quality and standard of hydropower projects but should not set unnecessary preconditions on production limits.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15467', 'image' => '20220802010355_hydro.jpg', 'article_date' => '2022-08-02 13:03:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15725', 'article_category_id' => '1', 'title' => 'Rain Damages Araniko Highway Affecting Transportation ', 'sub_title' => '', 'summary' => 'August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As a result, trucks and containers heading to China through Tatopani have been stranded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Repair of the damaged road has started in coordination with the Department of Roads, informed the local police. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police Dakshya Kumar Basnet, information officer for the District Police Office, Sindhupalchowk, however said that transportation of small and light vehicles has been allowed. Tatopani is one of the two major trading points with China. However, supply of goods through this customs point has been irregular since the devastating earthquake seven years ago and the onset of coronavirus pandemic around two years ago. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15466', 'image' => '20220802120609_Tatopani.jpg', 'article_date' => '2022-08-02 12:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15724', 'article_category_id' => '1', 'title' => 'Labour Minister Insists on Accommodating Aspiring Workforce within the Country ', 'sub_title' => '', 'summary' => 'August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting of the Industry, Commerce, Labour, and Consumers Welfare Committee, of the House of Representatives on Monday, the minister said aspiring domestic workforce should be encouraged to explore work opportunities within the country. The meeting focused on issues concerning foreign employment and labour. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister said that Nepal has been a good labour market for the people from India while Nepali workers go abroad seeking employment opportunities. It is necessary to make the workers here aware that they can find a labour market within the country and it could pay them as equally as the foreign employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He insisted on sending only the people with adequate skills to foreign jobs, suggesting for the management of domestic workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Committee President Bimal Shriwastav was of the opinion of creating jobs for domestic workforce. He shared that during a monitoring of a steel industry, it was found that the number of workers from India was double than that of domestic workers and the scenario suggested the possibility of managing probable workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the labour ministry, Eknarayan Aryal said the ministry is working to promote internal labour market and at present, 145,113 are employed under the Prime Minister Employment Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Director General of Department of Labour and Occupational Safety, Umakant Acharya, industrialists said they preferred workforce from outside the country as they performed more responsibly than domestic workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General at the Department of Foreign Employment Shesh Narayan Paudel said there was a drop in number of Nepali nationals going abroad for jobs during the peak of COVID-19 pandemic and the figure had started going up with the slowdown in infection rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Paudel, 642,000 people went for foreign employment in the fiscal year 2016-17 and this figure dropped to 166,000 during FY 2020-21 and it rose to 621,000 last fiscal year (FY 2021-22). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15465', 'image' => '20220802114329_1634599881.4.jpg', 'article_date' => '2022-08-02 11:42:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15721', 'article_category_id' => '1', 'title' => 'IOC Lowers Fuel Prices, Will NOC Slash the Prices?', 'sub_title' => '', 'summary' => 'August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the revised list received by the state-owned oil company of Nepal on Monday, the price of petrol has been reduced by Rs 16. 80 per litre. Likewise, the price of diesel and kerosene has been reduced by Rs 12. 45 per litre.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On July 15, IOC had reduced the price of petrol by Rs 15. 76 and diesel by Rs 16. 56 per litre. However, NOC is yet to adjust the price of petroleum products stating that it is still in internal loss despite the reduction in price list sent by the IOC. The NOC has not yet made its views public regarding whether it will lower the price of fuel or not.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">NOC insists it is still bearing a loss of Rs 14.19 on a litre of petrol and a loss of Rs 21. 92 per litre of diesel/kerosene.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The IOC reduced the price of petroleum products after a decline in fuel prices in the international market. The price of Brent crude oil in the international market currently stands at USD 103 per barrel.</span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15464', 'image' => '20220801041923_1659345984_.jpg', 'article_date' => '2022-08-01 16:18:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15722', 'article_category_id' => '1', 'title' => '‘It is Normal for Cable Car to Halt’', 'sub_title' => '', 'summary' => 'August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. The company assured that such activity is of no harm to the passengers.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The company organized a press conference to inform about the security of cable car after news reports raised serious questions about the cable car coming to a sudden halt.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Organising the press meet in the capital on Friday, the company informed media persons about the technical aspects of cable car and the procedures they adopt when it comes to a sudden halt. The company made a live demonstration to the media persons by halting the cable car travelled by around 100 media persons for ten minutes.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the company’s engineer Saroj Chapagain, the cable car will come to a halt if the power goes off all of a sudden or if there is any problem related to automated system or the software of the cable car. The company claimed that it has kept generator produced by the world’s most reliable company standby just in case there is an emergency. According to the company, it has a one-megawatt capacity generator at the bottom station of the cable car.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the passengers will be taken to the top or the bottom station safely if through ‘emergency drive’ if the generator fails to operate due to technical glitches. The company said that it will take around 45 minutes to safely carry all the passengers of thirty eight cabins through the use of emergency drive.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During normal situation, the cable car operates at a speed of five meters per second. However, during emergency drive, the speed is one meter per second due to which it will take around 40 to 45 minutes for the passengers to reach the top or the bottom station.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the cable car cabins might swing in case there is windstorm and the passengers often panic during such situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“How much it swings, it will not break off,” assured Chapagain.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of Chandragiri Hills Limited, Chandra Prasad Dhakal, informed that the incidents of cable car coming to a halt is prevalent worldwide. He recalled that the cable car used by former Prime Minister KP Sharma Oli during his visit to Geneva came to a standstill for almost two hours. Dhakal was also in the delegation led by Oli.</span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15463', 'image' => '20220801055657_Pro_Ktm_Cablecare1.jpg', 'article_date' => '2022-08-01 17:56:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', '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' => '15731', 'article_category_id' => '1', 'title' => 'Supreme Court Rejects Writ Petition against Finance Minister', 'sub_title' => '', 'summary' => 'August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Supreme Court Administration rejected the writ petition filed by the Consumer Interest Protection Forum demanding a high-level investigation against Finance Minister Sharma for his alleged role in allowing unauthorized persons to become part of the budget making process. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Registrar of the Supreme Court Narayan Prasad Panthi said that the writ petition was rejected as it was brought without completing the due process. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-03', 'modified' => '2022-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '15472', 'image' => '20220803085524_Supreme Court.jpg', 'article_date' => '2022-08-03 08:54:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15730', 'article_category_id' => '1', 'title' => 'Industrial Meet Kicks off in Madhesh Province ', 'sub_title' => '', 'summary' => 'August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. T', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. The industrial meet is underway in collaboration with Skills Enhancement for Employment Project (SEEP). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Minister of Madhes Province, Lal Babu Raut, Finance Minister of Madhes Province Shailendra Prasad Saha, province minister for land management, agriculture and cooperatives Bijaya Yadav, province minister for industry, tourism and forests Shatrughan Mahato, British ambassador to Nepal Nicola Pollitt, chief secretary of Madhes province Krishna Bahadur Raut attended the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some 100 industrialists from the province are participating in the province-level industrial meet that concludes on Wednesday. Group and thematic discussions will be held regarding the steps to be taken for economic growth in the coming days. The meet will also review the progress of economic growth and reform measures to be undertaken in the days ahead. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the province government awarded 23 industries contributing to enhancing employment and economic growth of the province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15471', 'image' => '20220802033714_Industries.jpg', 'article_date' => '2022-08-02 15:36:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15729', 'article_category_id' => '1', 'title' => 'Weather Likely to Improve from Wednesday ', 'sub_title' => 'Light to moderate rain likely at many places of country today ', 'summary' => 'August 2: The weather across the nation is likely to improve from Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The weather across the nation is likely to improve from Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather would improve from Wednesday as there is a possibility of the low pressure system moving towards India, weakening the monsoon, says meteorologist at the Department of Hydrology and Meteorology, Manju Basi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rainfall has been taking place in most of the places of the country since the past few days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The weather is generally to mostly cloudy throughout the country today with chances of light to moderate rain accompanied by thunder and lightning at many places, according to the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there are chances of heavy rainfall in a few places of Province 1, Madhesh Province, Bagmati Province, Gandaki Province and Lumbini Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy throughout the country. Light to moderate rain with thunder and lightning has been forecast at some places of the country with the possibility of heavy rain with thunder and lightning at one or two places of Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the meteorological analysis of the division, the axis of monsoon trough at present is slightly towards north from the normal position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Monsoon which has been active since the past few days is likely to become weaker from Wednesday, resulting in improvement in weather condition. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15470', 'image' => '20220802032218_imgbiyP8PyF.jpg', 'article_date' => '2022-08-02 15:21:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15728', 'article_category_id' => '1', 'title' => '26K Tons of Maize Released from Ukraine Port', 'sub_title' => '', 'summary' => 'August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The agreement was signed a few weeks ago with the mediation of the United Nations and Turkey. According to the officials of Turkey and Ukraine, the ship holding the flag of Sierra Leone left the southern port of Odessa on Monday morning.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of food and grains from Ukraine came to a halt after Russia began its invasion of Ukraine on February 24. As a result, the supply of wheat, soybean, corn and other grains was affected worldwide and the prices surged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">With this, there is a hope that the global food crisis will come to an end and the price of grains will go down again. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Joint Cooperation Center (JCC) established in Istanbul, the ship is carrying about 26,000 tons of corn as per the agreement. The ship is expected to arrive in Turkish waters for inspection on Tuesday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Ukraine's Minister of Infrastructure Oleksandr Kubrakov wrote in a Facebook post that Ukraine will earn at least USD 1 billion in foreign exchange from grain export after the export from the port is allowed, and this will provide an opportunity for planning in the agricultural sector in the coming year. He also said that 16 ships are waiting to export grain from Odessa in the coming weeks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Last month, a grain export agreement was signed between Russia and Ukraine for 120 days. As per the information, if both parties agree, then the term of the agreement can be extended. As the Ukrainian grain could not be exported, the price of bread, pasta and other foods made from wheat became more expensive across the globe. Besides, the price of edible oil and fertilizer also surged in the world market.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the agreement, Russia will not target the port while the grain is being transported on the ship or in the waterway. Turkey will inspect the ship to ease Russia's suspicions of weapon smuggling on board. Grain will be exported from the ports of Odessa, Chornomorsk and Pivdenne in southern Ukraine.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15469', 'image' => '20220802023107_ukraine.jpg', 'article_date' => '2022-08-02 14:30:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15727', 'article_category_id' => '1', 'title' => 'Stakeholders Demand Strict Policy in Registering Cooperatives', 'sub_title' => '', 'summary' => 'August 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives.', '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 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives. </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"">Submitting the annual report of the fiscal year 2020/2</span></span><span style="font-size:10.5pt"><span style="font-family:"Arial","sans-serif"">1</span></span><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> to the Minister for Land Management, Cooperatives and Poverty Alleviation, Shashi Shrestha, the committee suggested the government to adopt strict measures while registering the cooperatives in order to curb the haphazard registration.</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"">All the three tiers of governments are doing everything from registration to regulation of cooperatives, which fall under the common jurisdiction of the federal, state and local levels. </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"">Although the registration of savings and credit cooperatives have been stopped at the federal level, the state and local levels are still registering them except the Bagmati state government which closed the registration of savings and credit cooperatives some time ago.</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 committee pointed out that cooperatives are not being operated as it should be and the institutions have become problematic due to non-compliance with the laws and regulations related to the cooperatives. </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 committee suggests that effective implementation of laws related to the cooperatives as well as promotion of good governance in cooperatives is necessary to avoid problems. </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, the committee mentioned that the public trust in cooperatives can be increased only if they follow basic principles such as encouraging the process of merger between cooperatives with similar objectives, operating cooperatives with a strategy to reach the underprivileged, and operating in such a way that good governance is fully guaranteed.</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"">Receiving the report of the committee, Minister Shrestha emphasized that all parties should be involved in making cooperatives accountable. She mentioned that the ministry has emphasized on a cooperative campaign and developing a self-sufficient economy by linking it with production. Explaining that the cooperatives are the backbone of economic development, Minister Shrestha urged the cooperatives to become member-oriented and professional.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15468', 'image' => '20220802015543_cooperative problematic.jpg', 'article_date' => '2022-08-02 13:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15726', 'article_category_id' => '1', 'title' => 'Government Preparing to Change Hydropower Development Modality', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to change the hydropower development modality in the near future. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 2: The government is preparing to change the hydropower development modality in the near future. The government is planning to increase production of hydropower energy by adopting a flexible policy based on the feasibility of hydropower development projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the government will remain open towards the design of hydropower projects and will not impose any preconditions and limitations on it. It is believed that the hydropower projects will be able to generate more electricity by maximum utilization of water once the government lifts the restrictions on limitation and removes preconditions for developing hydropower projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Hydropower projects under the existing Q-40 modality are required to prepare the design while constructing the hydropower plants. There is a possibility of wastage of water under this modality.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Former energy secretary Anup Upadhyay says that the lower the Q level is while increasing the capacity of the project, the wastage of water will be less. If the provision of Q-40 is removed, the developers can adopt a modality to increase production while designing the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already removed the provision of designing the semi-reservoir projects (PROR) under the Q-40 model. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A board meeting of Nepal Electricity Authority on June 18 had decided to remove the provision of Q-40 for semi-reservoir projects. Such projects are now required to produce up to 70 percent energy of their installed capacity during rainy season and 30 percent during dry season. This provision was removed only for semi-reservoir based projects but will soon be implemented for reservoir-based hydropower projects as well. Minister for Energy, Hydropower and Irrigation Pampha Bhusal says that the government is holding extensive discussions about this topic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a programme organized in the capital on Sunday, Minister Bhusal said that the Government of Nepal is in favour of removing the provision of ‘Q’ considering its impact on climate change globally.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Bhusal said that the government is also preparing to open power purchase agreement of ROR projects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Independent Power Producers Association of Nepal (IPPAN) is also positive about the government’s decision to remove the provision of ‘Q’. IPPAN is of the view that the existing provision has been causing a loss in production capacity of hydropower projects. IPPAN insists that the Q-40 provision is a hindrance to optimal use of hydropower projects and has urged the government to remove it for all kinds of projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to IPPAN President Krishna Acharya, hydropower projects in neighbouring India and Bhutan are built under Q-20 to Q-25 models while Sri Lanka has adopted a policy to develop such projects under the Q-20 model.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“However, Nepal has a provision of Q-40 which is not practical,” says Acharya.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the government can check the quality and standard of hydropower projects but should not set unnecessary preconditions on production limits.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15467', 'image' => '20220802010355_hydro.jpg', 'article_date' => '2022-08-02 13:03:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15725', 'article_category_id' => '1', 'title' => 'Rain Damages Araniko Highway Affecting Transportation ', 'sub_title' => '', 'summary' => 'August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As a result, trucks and containers heading to China through Tatopani have been stranded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Repair of the damaged road has started in coordination with the Department of Roads, informed the local police. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police Dakshya Kumar Basnet, information officer for the District Police Office, Sindhupalchowk, however said that transportation of small and light vehicles has been allowed. Tatopani is one of the two major trading points with China. However, supply of goods through this customs point has been irregular since the devastating earthquake seven years ago and the onset of coronavirus pandemic around two years ago. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15466', 'image' => '20220802120609_Tatopani.jpg', 'article_date' => '2022-08-02 12:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15724', 'article_category_id' => '1', 'title' => 'Labour Minister Insists on Accommodating Aspiring Workforce within the Country ', 'sub_title' => '', 'summary' => 'August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting of the Industry, Commerce, Labour, and Consumers Welfare Committee, of the House of Representatives on Monday, the minister said aspiring domestic workforce should be encouraged to explore work opportunities within the country. The meeting focused on issues concerning foreign employment and labour. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister said that Nepal has been a good labour market for the people from India while Nepali workers go abroad seeking employment opportunities. It is necessary to make the workers here aware that they can find a labour market within the country and it could pay them as equally as the foreign employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He insisted on sending only the people with adequate skills to foreign jobs, suggesting for the management of domestic workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Committee President Bimal Shriwastav was of the opinion of creating jobs for domestic workforce. He shared that during a monitoring of a steel industry, it was found that the number of workers from India was double than that of domestic workers and the scenario suggested the possibility of managing probable workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the labour ministry, Eknarayan Aryal said the ministry is working to promote internal labour market and at present, 145,113 are employed under the Prime Minister Employment Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Director General of Department of Labour and Occupational Safety, Umakant Acharya, industrialists said they preferred workforce from outside the country as they performed more responsibly than domestic workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General at the Department of Foreign Employment Shesh Narayan Paudel said there was a drop in number of Nepali nationals going abroad for jobs during the peak of COVID-19 pandemic and the figure had started going up with the slowdown in infection rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Paudel, 642,000 people went for foreign employment in the fiscal year 2016-17 and this figure dropped to 166,000 during FY 2020-21 and it rose to 621,000 last fiscal year (FY 2021-22). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15465', 'image' => '20220802114329_1634599881.4.jpg', 'article_date' => '2022-08-02 11:42:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15721', 'article_category_id' => '1', 'title' => 'IOC Lowers Fuel Prices, Will NOC Slash the Prices?', 'sub_title' => '', 'summary' => 'August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the revised list received by the state-owned oil company of Nepal on Monday, the price of petrol has been reduced by Rs 16. 80 per litre. Likewise, the price of diesel and kerosene has been reduced by Rs 12. 45 per litre.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On July 15, IOC had reduced the price of petrol by Rs 15. 76 and diesel by Rs 16. 56 per litre. However, NOC is yet to adjust the price of petroleum products stating that it is still in internal loss despite the reduction in price list sent by the IOC. The NOC has not yet made its views public regarding whether it will lower the price of fuel or not.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">NOC insists it is still bearing a loss of Rs 14.19 on a litre of petrol and a loss of Rs 21. 92 per litre of diesel/kerosene.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The IOC reduced the price of petroleum products after a decline in fuel prices in the international market. The price of Brent crude oil in the international market currently stands at USD 103 per barrel.</span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15464', 'image' => '20220801041923_1659345984_.jpg', 'article_date' => '2022-08-01 16:18:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15722', 'article_category_id' => '1', 'title' => '‘It is Normal for Cable Car to Halt’', 'sub_title' => '', 'summary' => 'August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. The company assured that such activity is of no harm to the passengers.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The company organized a press conference to inform about the security of cable car after news reports raised serious questions about the cable car coming to a sudden halt.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Organising the press meet in the capital on Friday, the company informed media persons about the technical aspects of cable car and the procedures they adopt when it comes to a sudden halt. The company made a live demonstration to the media persons by halting the cable car travelled by around 100 media persons for ten minutes.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the company’s engineer Saroj Chapagain, the cable car will come to a halt if the power goes off all of a sudden or if there is any problem related to automated system or the software of the cable car. The company claimed that it has kept generator produced by the world’s most reliable company standby just in case there is an emergency. According to the company, it has a one-megawatt capacity generator at the bottom station of the cable car.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the passengers will be taken to the top or the bottom station safely if through ‘emergency drive’ if the generator fails to operate due to technical glitches. The company said that it will take around 45 minutes to safely carry all the passengers of thirty eight cabins through the use of emergency drive.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During normal situation, the cable car operates at a speed of five meters per second. However, during emergency drive, the speed is one meter per second due to which it will take around 40 to 45 minutes for the passengers to reach the top or the bottom station.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the cable car cabins might swing in case there is windstorm and the passengers often panic during such situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“How much it swings, it will not break off,” assured Chapagain.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of Chandragiri Hills Limited, Chandra Prasad Dhakal, informed that the incidents of cable car coming to a halt is prevalent worldwide. He recalled that the cable car used by former Prime Minister KP Sharma Oli during his visit to Geneva came to a standstill for almost two hours. Dhakal was also in the delegation led by Oli.</span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15463', 'image' => '20220801055657_Pro_Ktm_Cablecare1.jpg', 'article_date' => '2022-08-01 17:56:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Supreme Court has rejected a writ petition demanding a high-level investigation against Finance Minister Janardan Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Supreme Court Administration rejected the writ petition filed by the Consumer Interest Protection Forum demanding a high-level investigation against Finance Minister Sharma for his alleged role in allowing unauthorized persons to become part of the budget making process. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Registrar of the Supreme Court Narayan Prasad Panthi said that the writ petition was rejected as it was brought without completing the due process. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-03', 'modified' => '2022-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '15472', 'image' => '20220803085524_Supreme Court.jpg', 'article_date' => '2022-08-03 08:54:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15730', 'article_category_id' => '1', 'title' => 'Industrial Meet Kicks off in Madhesh Province ', 'sub_title' => '', 'summary' => 'August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. T', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: An industrial meet of the Madhes Province is being organized in Birgunj for the first time after the formation of the provincial government. The industrial meet is underway in collaboration with Skills Enhancement for Employment Project (SEEP). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Minister of Madhes Province, Lal Babu Raut, Finance Minister of Madhes Province Shailendra Prasad Saha, province minister for land management, agriculture and cooperatives Bijaya Yadav, province minister for industry, tourism and forests Shatrughan Mahato, British ambassador to Nepal Nicola Pollitt, chief secretary of Madhes province Krishna Bahadur Raut attended the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some 100 industrialists from the province are participating in the province-level industrial meet that concludes on Wednesday. Group and thematic discussions will be held regarding the steps to be taken for economic growth in the coming days. The meet will also review the progress of economic growth and reform measures to be undertaken in the days ahead. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the province government awarded 23 industries contributing to enhancing employment and economic growth of the province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15471', 'image' => '20220802033714_Industries.jpg', 'article_date' => '2022-08-02 15:36:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15729', 'article_category_id' => '1', 'title' => 'Weather Likely to Improve from Wednesday ', 'sub_title' => 'Light to moderate rain likely at many places of country today ', 'summary' => 'August 2: The weather across the nation is likely to improve from Wednesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The weather across the nation is likely to improve from Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather would improve from Wednesday as there is a possibility of the low pressure system moving towards India, weakening the monsoon, says meteorologist at the Department of Hydrology and Meteorology, Manju Basi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rainfall has been taking place in most of the places of the country since the past few days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The weather is generally to mostly cloudy throughout the country today with chances of light to moderate rain accompanied by thunder and lightning at many places, according to the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there are chances of heavy rainfall in a few places of Province 1, Madhesh Province, Bagmati Province, Gandaki Province and Lumbini Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tonight, the weather will be partly to generally cloudy throughout the country. Light to moderate rain with thunder and lightning has been forecast at some places of the country with the possibility of heavy rain with thunder and lightning at one or two places of Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the meteorological analysis of the division, the axis of monsoon trough at present is slightly towards north from the normal position. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Monsoon which has been active since the past few days is likely to become weaker from Wednesday, resulting in improvement in weather condition. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15470', 'image' => '20220802032218_imgbiyP8PyF.jpg', 'article_date' => '2022-08-02 15:21:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15728', 'article_category_id' => '1', 'title' => '26K Tons of Maize Released from Ukraine Port', 'sub_title' => '', 'summary' => 'August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Agencies</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 2: A ship carrying grains left a port in Odessa, Ukraine in accordance with the historic agreement between Ukraine and Russia. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The agreement was signed a few weeks ago with the mediation of the United Nations and Turkey. According to the officials of Turkey and Ukraine, the ship holding the flag of Sierra Leone left the southern port of Odessa on Monday morning.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of food and grains from Ukraine came to a halt after Russia began its invasion of Ukraine on February 24. As a result, the supply of wheat, soybean, corn and other grains was affected worldwide and the prices surged.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">With this, there is a hope that the global food crisis will come to an end and the price of grains will go down again. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Joint Cooperation Center (JCC) established in Istanbul, the ship is carrying about 26,000 tons of corn as per the agreement. The ship is expected to arrive in Turkish waters for inspection on Tuesday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Ukraine's Minister of Infrastructure Oleksandr Kubrakov wrote in a Facebook post that Ukraine will earn at least USD 1 billion in foreign exchange from grain export after the export from the port is allowed, and this will provide an opportunity for planning in the agricultural sector in the coming year. He also said that 16 ships are waiting to export grain from Odessa in the coming weeks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Last month, a grain export agreement was signed between Russia and Ukraine for 120 days. As per the information, if both parties agree, then the term of the agreement can be extended. As the Ukrainian grain could not be exported, the price of bread, pasta and other foods made from wheat became more expensive across the globe. Besides, the price of edible oil and fertilizer also surged in the world market.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the agreement, Russia will not target the port while the grain is being transported on the ship or in the waterway. Turkey will inspect the ship to ease Russia's suspicions of weapon smuggling on board. Grain will be exported from the ports of Odessa, Chornomorsk and Pivdenne in southern Ukraine.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15469', 'image' => '20220802023107_ukraine.jpg', 'article_date' => '2022-08-02 14:30:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15727', 'article_category_id' => '1', 'title' => 'Stakeholders Demand Strict Policy in Registering Cooperatives', 'sub_title' => '', 'summary' => 'August 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives.', '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 2: The Problematic Cooperatives Management Committee has suggested the government to tighten the registration process to control the anomalies seen in the cooperatives. </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"">Submitting the annual report of the fiscal year 2020/2</span></span><span style="font-size:10.5pt"><span style="font-family:"Arial","sans-serif"">1</span></span><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> to the Minister for Land Management, Cooperatives and Poverty Alleviation, Shashi Shrestha, the committee suggested the government to adopt strict measures while registering the cooperatives in order to curb the haphazard registration.</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"">All the three tiers of governments are doing everything from registration to regulation of cooperatives, which fall under the common jurisdiction of the federal, state and local levels. </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"">Although the registration of savings and credit cooperatives have been stopped at the federal level, the state and local levels are still registering them except the Bagmati state government which closed the registration of savings and credit cooperatives some time ago.</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 committee pointed out that cooperatives are not being operated as it should be and the institutions have become problematic due to non-compliance with the laws and regulations related to the cooperatives. </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 committee suggests that effective implementation of laws related to the cooperatives as well as promotion of good governance in cooperatives is necessary to avoid problems. </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, the committee mentioned that the public trust in cooperatives can be increased only if they follow basic principles such as encouraging the process of merger between cooperatives with similar objectives, operating cooperatives with a strategy to reach the underprivileged, and operating in such a way that good governance is fully guaranteed.</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"">Receiving the report of the committee, Minister Shrestha emphasized that all parties should be involved in making cooperatives accountable. She mentioned that the ministry has emphasized on a cooperative campaign and developing a self-sufficient economy by linking it with production. Explaining that the cooperatives are the backbone of economic development, Minister Shrestha urged the cooperatives to become member-oriented and professional.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15468', 'image' => '20220802015543_cooperative problematic.jpg', 'article_date' => '2022-08-02 13:55:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15726', 'article_category_id' => '1', 'title' => 'Government Preparing to Change Hydropower Development Modality', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to change the hydropower development modality in the near future. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 2: The government is preparing to change the hydropower development modality in the near future. The government is planning to increase production of hydropower energy by adopting a flexible policy based on the feasibility of hydropower development projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the government will remain open towards the design of hydropower projects and will not impose any preconditions and limitations on it. It is believed that the hydropower projects will be able to generate more electricity by maximum utilization of water once the government lifts the restrictions on limitation and removes preconditions for developing hydropower projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Hydropower projects under the existing Q-40 modality are required to prepare the design while constructing the hydropower plants. There is a possibility of wastage of water under this modality.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Former energy secretary Anup Upadhyay says that the lower the Q level is while increasing the capacity of the project, the wastage of water will be less. If the provision of Q-40 is removed, the developers can adopt a modality to increase production while designing the project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government has already removed the provision of designing the semi-reservoir projects (PROR) under the Q-40 model. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A board meeting of Nepal Electricity Authority on June 18 had decided to remove the provision of Q-40 for semi-reservoir projects. Such projects are now required to produce up to 70 percent energy of their installed capacity during rainy season and 30 percent during dry season. This provision was removed only for semi-reservoir based projects but will soon be implemented for reservoir-based hydropower projects as well. Minister for Energy, Hydropower and Irrigation Pampha Bhusal says that the government is holding extensive discussions about this topic.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a programme organized in the capital on Sunday, Minister Bhusal said that the Government of Nepal is in favour of removing the provision of ‘Q’ considering its impact on climate change globally.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Bhusal said that the government is also preparing to open power purchase agreement of ROR projects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Independent Power Producers Association of Nepal (IPPAN) is also positive about the government’s decision to remove the provision of ‘Q’. IPPAN is of the view that the existing provision has been causing a loss in production capacity of hydropower projects. IPPAN insists that the Q-40 provision is a hindrance to optimal use of hydropower projects and has urged the government to remove it for all kinds of projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to IPPAN President Krishna Acharya, hydropower projects in neighbouring India and Bhutan are built under Q-20 to Q-25 models while Sri Lanka has adopted a policy to develop such projects under the Q-20 model.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“However, Nepal has a provision of Q-40 which is not practical,” says Acharya.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the government can check the quality and standard of hydropower projects but should not set unnecessary preconditions on production limits.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15467', 'image' => '20220802010355_hydro.jpg', 'article_date' => '2022-08-02 13:03:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15725', 'article_category_id' => '1', 'title' => 'Rain Damages Araniko Highway Affecting Transportation ', 'sub_title' => '', 'summary' => 'August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: The road under the Araniko Highway at Daklang in Bhotekoshi Rural Municipality-4 has caved in due to incessant rainfall, affecting transportation. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As a result, trucks and containers heading to China through Tatopani have been stranded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Repair of the damaged road has started in coordination with the Department of Roads, informed the local police. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Superintendent of Police Dakshya Kumar Basnet, information officer for the District Police Office, Sindhupalchowk, however said that transportation of small and light vehicles has been allowed. Tatopani is one of the two major trading points with China. However, supply of goods through this customs point has been irregular since the devastating earthquake seven years ago and the onset of coronavirus pandemic around two years ago. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15466', 'image' => '20220802120609_Tatopani.jpg', 'article_date' => '2022-08-02 12:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15724', 'article_category_id' => '1', 'title' => 'Labour Minister Insists on Accommodating Aspiring Workforce within the Country ', 'sub_title' => '', 'summary' => 'August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Minister for Labour, Employment and Social Security, Sher Bahadur Kunwar, has pressed for the idea of creating a job atmosphere for domestic workforce within the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting of the Industry, Commerce, Labour, and Consumers Welfare Committee, of the House of Representatives on Monday, the minister said aspiring domestic workforce should be encouraged to explore work opportunities within the country. The meeting focused on issues concerning foreign employment and labour. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister said that Nepal has been a good labour market for the people from India while Nepali workers go abroad seeking employment opportunities. It is necessary to make the workers here aware that they can find a labour market within the country and it could pay them as equally as the foreign employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He insisted on sending only the people with adequate skills to foreign jobs, suggesting for the management of domestic workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Committee President Bimal Shriwastav was of the opinion of creating jobs for domestic workforce. He shared that during a monitoring of a steel industry, it was found that the number of workers from India was double than that of domestic workers and the scenario suggested the possibility of managing probable workforce internally. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the labour ministry, Eknarayan Aryal said the ministry is working to promote internal labour market and at present, 145,113 are employed under the Prime Minister Employment Programme. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Director General of Department of Labour and Occupational Safety, Umakant Acharya, industrialists said they preferred workforce from outside the country as they performed more responsibly than domestic workers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General at the Department of Foreign Employment Shesh Narayan Paudel said there was a drop in number of Nepali nationals going abroad for jobs during the peak of COVID-19 pandemic and the figure had started going up with the slowdown in infection rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Paudel, 642,000 people went for foreign employment in the fiscal year 2016-17 and this figure dropped to 166,000 during FY 2020-21 and it rose to 621,000 last fiscal year (FY 2021-22). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-08-02', 'modified' => '2022-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '15465', 'image' => '20220802114329_1634599881.4.jpg', 'article_date' => '2022-08-02 11:42:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15721', 'article_category_id' => '1', 'title' => 'IOC Lowers Fuel Prices, Will NOC Slash the Prices?', 'sub_title' => '', 'summary' => 'August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: The Indian Oil Corporation (IOC) has sent a revised list of prices of petroleum products to Nepal Oil Corporation (NOC) after reduction in fuel prices. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the revised list received by the state-owned oil company of Nepal on Monday, the price of petrol has been reduced by Rs 16. 80 per litre. Likewise, the price of diesel and kerosene has been reduced by Rs 12. 45 per litre.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On July 15, IOC had reduced the price of petrol by Rs 15. 76 and diesel by Rs 16. 56 per litre. However, NOC is yet to adjust the price of petroleum products stating that it is still in internal loss despite the reduction in price list sent by the IOC. The NOC has not yet made its views public regarding whether it will lower the price of fuel or not.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">NOC insists it is still bearing a loss of Rs 14.19 on a litre of petrol and a loss of Rs 21. 92 per litre of diesel/kerosene.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The IOC reduced the price of petroleum products after a decline in fuel prices in the international market. The price of Brent crude oil in the international market currently stands at USD 103 per barrel.</span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15464', 'image' => '20220801041923_1659345984_.jpg', 'article_date' => '2022-08-01 16:18:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15722', 'article_category_id' => '1', 'title' => '‘It is Normal for Cable Car to Halt’', 'sub_title' => '', 'summary' => 'August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Chandragiri Hills Limited, which has been operating cable car in Chandragiri on the outskirts of Kathmandu, has clarified that it is normal for the cable car to halt all of a sudden due to electricity short supply or other technical reasons. The company assured that such activity is of no harm to the passengers.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The company organized a press conference to inform about the security of cable car after news reports raised serious questions about the cable car coming to a sudden halt.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Organising the press meet in the capital on Friday, the company informed media persons about the technical aspects of cable car and the procedures they adopt when it comes to a sudden halt. The company made a live demonstration to the media persons by halting the cable car travelled by around 100 media persons for ten minutes.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the company’s engineer Saroj Chapagain, the cable car will come to a halt if the power goes off all of a sudden or if there is any problem related to automated system or the software of the cable car. The company claimed that it has kept generator produced by the world’s most reliable company standby just in case there is an emergency. According to the company, it has a one-megawatt capacity generator at the bottom station of the cable car.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the passengers will be taken to the top or the bottom station safely if through ‘emergency drive’ if the generator fails to operate due to technical glitches. The company said that it will take around 45 minutes to safely carry all the passengers of thirty eight cabins through the use of emergency drive.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During normal situation, the cable car operates at a speed of five meters per second. However, during emergency drive, the speed is one meter per second due to which it will take around 40 to 45 minutes for the passengers to reach the top or the bottom station.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chapagain said that the cable car cabins might swing in case there is windstorm and the passengers often panic during such situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“How much it swings, it will not break off,” assured Chapagain.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Chairman of Chandragiri Hills Limited, Chandra Prasad Dhakal, informed that the incidents of cable car coming to a halt is prevalent worldwide. He recalled that the cable car used by former Prime Minister KP Sharma Oli during his visit to Geneva came to a standstill for almost two hours. Dhakal was also in the delegation led by Oli.</span></span></p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15463', 'image' => '20220801055657_Pro_Ktm_Cablecare1.jpg', 'article_date' => '2022-08-01 17:56:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', '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
