July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last…
July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last…
July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the…
July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30…
July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy.…
July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases.…
Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July…
July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of…
July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation.…
July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers.…
July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers.…
July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two…
July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road…
July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of…
July 3: A total of 237,813 foreign tourists visited Nepal in the last six…
July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World…
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The committee informed that the prices of fruits and seasonal vegetables like cucumber and ladyfinger have skyrocketed.</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 the committee, the price of local cucumber, which was Rs 27 per kg on July 6 last year, has now reached Rs 120. This is an increase of 344 percent compared to last year. Prices of Indian gourds have increased by 76 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Consumers have been paying Rs 115 for Indian tomatoes, which used to cost Rs 65 per kg. The price of Nepali toamtoes has gone up by 30 percent from Rs 65 per kg to Rs 85 this time. Likewise, the price of red beans has increased by 28 percent from Rs 105 to Rs 135.</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 price of ladyfinger has gone up by 66 percent. The prices of some seasonal fruits including mango have also gone up.</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 price of mango (maldaha) was Rs 90 per kg last year. However, its price has reached Rs 130 per kg at present. Dashahari mango, which used to cost Rs 95 per kg last year now costs Rs 140. The price of pomegranate, which was Rs 290 per kg, has reached Rs 375 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Gita Prasad Acharya, chairperson of the Kalimati Fruits and Vegetables Market Development Committee, said that the price has gone up to some extent as it is time to sow the seeds. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"All the farmers are busy planting paddy at this time. The vegetable season is over and the farmers who are busy planting paddy have not been able to grow new vegetables. Its effect is seen in the market price,” Acharya told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Apart from this, the rise in fuel prices has also played a role in the rise in market prices. Ram Raj Basnet, who has been transporting vegetables to Kalimati, said that the market price has gone up due to the continuous increase in the price of petroleum products.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15306', 'image' => '20220705052914_vegetable-store.jpg', 'article_date' => '2022-07-05 17:28:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15563', 'article_category_id' => '1', 'title' => 'NRB Takes Action against Half a Dozen Microfinance Companies', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.', '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"">July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.</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 Microfinance Supervision Department of NRB took immediate action and fined the companies found breaching the law during a recent monitoring and inspection.</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 NRB, three microfinance companies which did not maintain the required cash reserves and three that did not maintain the primary capital fixed as per the provisions of last fiscal year were booked by the department. NRB adopted swift action saying that the Samaj Microfinance, Win Microfinance and Ghodighoda Microfinance failed to maintain the minimum capital. As per the NRB directive, a minimum of 4 percent primary capital and 8 percent capital fund should be maintained by the microfinance companies.</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, NRB also imposed fines on three microfinance companies for not maintaining the required cash reserves. NRB said that Gramin Microfinance was fined Rs 54, Sarathi Microfinance Rs 362 and Arambha Chautari microfinance Rs 2,888 for not maintaining the required cash reserve. NRB has been imposing fines on the basis of insufficient cash reserves.</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 NRB’s report, the bad loans of 11 microfinance companies were more than 5 percent in the last fiscal year and the interest rate of 10 microfinance institutions was more than the limit of 15 percent.</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"">Recently, the number of microfinance companies is declining due to mergers. As of mid-July 2018, there were 65 microfinance companies in operation. By mid-July 2019, the number of microfinance companies licensed by the NRB increased to 90.</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"">However, due to the merger and acquisition policy, 11 institutions went for merger and acquisition in the fiscal year 2076/77 BS and 5 more new institutions were approved for integrated transactions, making the total number of microfinance companies 84. In the Fiscal Year 2077/78, 15 companies opted for merger and acquisition and one new company started operation from July 2077 to mid-July 2078, making the total number of microfinance companies 70.</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"">By April 2078, this number dropped to 65. At present, 4 wholesale and 61 retail lending microfinance companies are in operation. These organizations have formed 1.329 million groups and are providing financial services to 57.72 million people.</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"">Loans and borrowings of microfinance institutions increased by 23.53 percent as compared to mid-July of 2078 and reached Rs 392.05 billion in mid-April 2079. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15305', 'image' => '20220705023140_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-05 14:31:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15562', 'article_category_id' => '1', 'title' => 'Cash-Strapped NOC in Crisis', 'sub_title' => '', 'summary' => 'July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion.', '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"">July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion. Meanwhile, NOC has submitted a proposal to the government to reduce the consumption of petroleum products. </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 state-owned company on Monday suggested the Prime Minister's Office, the Ministry of Industry, Commerce and Supplies and the Ministry of Home Affairs to tighten the sale and distribution of petroleum products through quota system.</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"">Suggestions range from setting quotas for the sale of petroleum products to increasing the use of electricity as an alternative to petrol. NOC has suggested reducing the consumption of petroleum products which means cutting down its own business. </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 corporation suggested that petrol pumps should introduce a policy of giving 5 litres of fuel to motorcycles at a time and 20 litres of fuel to small vehicles like cars and jeeps.</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 corporation expects that the consumption of petroleum products will be reduced if the government implements its recommendations.</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"">NOC maintained that the price of petroleum products in Nepal is high due to the rise in prices in the world market. There are indications that this will increase inflation and bring problems to the economy. Billions of rupees have been spent on fuel imports. The corporation is selling petrol at a loss of Rs 31 per litre and diesel at a loss of Rs 47. The government has not given any special grant. The corporation says it does not have enough money to buy petrol as per the country’s demand.</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"">NOC's deficit has reached over Rs 50 billion as of May this year. In addition, more than Rs 30 billion remains to be paid to Indian Oil Corporation for the purchase of petroleum products. NOC does not have the money to clear its dues.</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"">Due to these reasons, the NOC is in an awkward situation. NOC spokesperson Binit Mani Upadhyaya said that the situation will become more complicated if the consumption of petroleum products is not reduced. </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 situation is very complicated. Indian Oil Corporation has been demanding payment of dues. We have not been able to clear the dues in lack of money,” he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The corporation has suggested enforcing the quota system on government and private vehicles instead of public vehicles and those providing essential services. NOC has also emphasized increasing the use of electric vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">For this, the corporation has suggested setting up free charging stations in major cities and national highways and setting up separate parking lots for electric vehicles in public and private parking lots. NOC is confident that this will increase the use of electric vehicles and reduce the consumption of petroleum products.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15304', 'image' => '20220705015457_Untitled.jpg', 'article_date' => '2022-07-05 13:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15561', 'article_category_id' => '1', 'title' => 'Monetary Policy will Stabilize the Economy: NRB Governor', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. ', '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"">July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. Speaking at an interaction program organized on Monday to collect suggestions from stakeholders for the monetary policy, Adhikari said that the economic indicators are under pressure and urged all to work together to keep the economy on track.</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"">Governor Adhikari said that Rs 300 billion flew out of the country this year as the economy was import-oriented, adding to the problem of liquidity crisis in the banking system. He said the banks’ base rate is yet to reach the level as it was before the Covid-19 pandemic. He added that there are signs that the base rate and interest rates will rise further in the coming days. </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 governor also urged all the stakeholders to be responsible saying that the monetary policy is not something that will benefit just one individual. </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 monetary policy we introduced last year is proving to be right,” said Adhikari.</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 program was attended by directors of banks and financial institutions, Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries, Nepalese Chamber of Commerce and other stakeholders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15303', 'image' => '20220705011831_maha.jpg', 'article_date' => '2022-07-05 13:17:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15560', 'article_category_id' => '1', 'title' => 'Five Years Imprisonment for Violating Food Act ', 'sub_title' => '', 'summary' => 'July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. The department has urged the consumers to remain vigilant as the number of diarrhea patients has started increasing in the Valley and some places outside the Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Doctors have been noting that food prepared and sold openly on the road side is harmful to health as there is a possibility of infection of harmful micro-organisms of various diseases during the rainy season and humid weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Food Act 2023 BS states that food vendors should pay special attention to sales and personal hygiene and use clean drinking water. Provision has been made in the Act to take legal action against the food traders who are found to have prepared and sold food items without maintaining hygiene. Section 5 of the Act has provision for imprisonment up to five years or a fine of up to Rs 50,000 or both. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Sub-section 3 of Section 5 of the Act stipulates that if any person suffers harm due to unhealthy food, reasonable compensation should be paid to the victim by such culprit.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15302', 'image' => '20220705125903_20220629123713_f71e8c7ad3f2367f707da3cde4b1fbfd.jpg', 'article_date' => '2022-07-05 12:58:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15559', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned company has increased the price of petrol by Rs 2 per litre while the prices of diesel and kerosene have been increased by Rs 9 per litre. Similarly, NOC has increased the price of aviation turbine fuel (ATF) for domestic flights by Rs 5 per litre. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC said in a statement that the price of ATF for international flights and cooking gas (LPG) remains unchanged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest price hike, petrol will now cost Rs 181 per litre while diesel and kerosene will cost Rs 172 per litre. Similarly, the new price of ATF for domestic flights has been fixed at Rs 190 per litre.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC insisted that the prices of petroleum products were revised after receiving a new price list with increment from Indian Oil Corporation (IOC). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, NOC had revised the price of petroleum products on June 25 when in slashed the price of petrol by Rs 20 per litre.</span><br /> <br /> <br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15301', 'image' => '20220705113541_Petrol-Price-Increase.jpg', 'article_date' => '2022-07-05 11:34:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15557', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Appeal NRB to Address their Problems through Monetary Policy', 'sub_title' => '', 'summary' => 'July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During an interaction programme held in Pokhara on Saturday by the association to provide suggestions to NRB for the new monetary policy, Lakshman Subedi, president of the association, presented written suggestions and demands on behalf of the association to Governor- Maha Prasad Adhikari.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Subedi said he was optimistic that the monetary policy would cover the issues although the budget presented in May failed to address the tourism sector's problems. He informed that 30 per cent of businesses and a large number of employees and workers related to tourism had gave up their profession because of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The financial situation in the hotel and tourism industry has not yet been smooth and the association has asked the NRB to make separate arrangements for payment of interest for the next two years and a waiver of fines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the association has also asked for additional loans for hotels without any collateral at low-interest rates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The hotel industry has also demanded for cash back facility, he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association has also recommended that the limit on access to loans be raised from Rs 20 million to Rs 50 million and the private sector should monitor that such a loan facility is accessible to all hotels.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association also demanded that the three per cent service fee charged by banks on credit card use should be reduced to one per cent. Likewise, they added that banks should accept Indian notes of Rs 500 and two thousand denominations along with any currency of all SAARC nations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15300', 'image' => '20220704040137_Tourism pokhara.jpg', 'article_date' => '2022-07-04 16:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15556', 'article_category_id' => '1', 'title' => 'Government Preparing to Fix Minimum Price of Land after Classification', 'sub_title' => '', 'summary' => 'July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. ', '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"">July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. In the past, the classification of land used to be done on the basis of the condition of road and soil, their weakness etc. But now, the minimum valuation will be done in a new way according to the nature of the land.</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 Land Revenue Office, Panchthar is preparing to implement the minimum valuation by categorizing the land into agricultural, non-agricultural, commercial, housing and industry. Accordingly, the most expensive land will be the land in commercial area. Then, the land for the residential area will be the second most expensive. Based on the same, housing and commercial land seems to be 100 percent more expensive than the agricultural land.</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"">In the districts where there is no industrial zone, preparations have been made to make the land of industrial zone cheaper than the agricultural land. Chief of the Land Revenue Office, Panchthar, Baburam Pokharel said that they are preparing to implement the land rate as per the minimum valuation after classification of land.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“This is not the final decision. We are planning to implement the minimum rate after taking the opinion of the experts and making some modifications. Even in the past, minimum valuation was prepared in coordination with the local level. And now as well, the minimum valuation will be prepared based on the opinions and suggestions presented by the local level,” said Pokharel.</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 new valuation after the classification of land shows that the valuation of land in residential area will be twice as expensive as the cultivable land. Preparations are being made to classify the areas where business is done by renting shutters and evaluate the land as the most expensive ones. Land in residential areas that cannot be rented out but can be built as a house will be the most expensive. As complete classification of land is not possible now, classified land in non-agricultural sector will be the third most expensive.</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 Land Revenue Office, Panchthar is preparing to make the valuation of land in the industrial zone cheaper than the agricultural sector as the land allotted for the new industrial zone will not be suitable for agricultural work. According to Pokharel, land in industrial areas can be more expensive than agricultural areas in areas where industrial areas have already been built.</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 government has given the right to implement land use maps to the local level by classifying the land, the local levels are confused about how to proceed with this work. Experts say that local level representatives and staff, who do not know how to view the land use map, are skeptical about the timely implementation of the map.</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 local level cannot classify the land alone. Therefore, Pokharel suggests experts should provide technical assistance to them and classify the land. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15299', 'image' => '20220704034125_photo-1628158088936-68ccaaa400dc.jpg', 'article_date' => '2022-07-04 15:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15558', 'article_category_id' => '1', 'title' => 'Labor Minister Pledges to Evaluate Contribution of Workers', 'sub_title' => '', 'summary' => 'July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. Speaking at a briefing on the Social Security Fund and the occupational security of workers at the ministry on Sunday, Minister Kunwar expressed his commitment to work with due respect to all workers in the country and abroad.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kunwar said that trade unions and sister organizations of political parties should work for the protection of workers' rights and interests in a disciplined manner. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“I will also work to ensure justice for the workers. So let's work for the welfare of workers in a peaceful way rather than shutting down, protesting and locking up the factories,” said the newly-appointed minister.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Kunwar informed that the remittances sent by the youths from abroad has been helping the country’s foreign exchange reserves and that their contribution should be properly evaluated. He added that he would take initiative to amend the troublesome provisions in the law to make the working environment easier for the workers.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, he urged the concerned department take into considering the problems of the workers not only in the Gulf countries but also in India. Executive Director of the Social Security Fund, Kapil Mani Gyawali informed about the work done and the achievements made so far as well as the work that can be done in the coming days. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Director General of the Department of Labor and Occupational Safety Umakanta Acharya provided information about the department. Kunwar has been briefing various departments under the ministry since he was appointed as the labor minister.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15298', 'image' => '20220704041541_1656886952.Clipboard16.jpg', 'article_date' => '2022-07-04 16:14:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15555', 'article_category_id' => '1', 'title' => 'PM Deuba Reshuffles Cabinet', 'sub_title' => '', 'summary' => 'July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. Upon his recommendation, President Bidya Devi Bhandari has made changes to the existing Council of Ministers in accordance with Article 76 (9) and Article 78 (1) of the Constitution of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Accordingly, Mrigendra Kumar Singh Yadav has been appointed the Minister for Agriculture and Livestock Development, Mohammad Ishtiyak Rai as the Minister for Physical Infrastructure and Transport and Pradip Yadav as the Minister for Forests and Environment. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The new ministers were appointed after Janata Samajbadi Party Nepal recalled three ministers who were representing the party in the Council of Ministers and recommended the new ministers in their place. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Before the cabinet reshuffle, Renu Yadav was the Minister for Physical Infrastructure and Transport, Ram Sahaya Yadav was the Minister for Forests and Environment and Mahindra Raya Yadav was the Minister for Agriculture and Livestock Development. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The newly-appointed ministers are scheduled to take oath of office and secrecy today afternoon itself. President Bhandari had made changes to the existing Council of Ministers on June 26 before this. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15297', 'image' => '20220704032155_Deuba.jpg', 'article_date' => '2022-07-04 15:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15554', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Declines in Last Two Months', 'sub_title' => '', 'summary' => 'July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The arrival of tourists was highest in April this year but has declined in May and June.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the Nepal Tourism Board (NTB), a total of 58,348 tourists visited Nepal in April through the air route. However, the arrival of tourists in May was recorded to be 53,608 while there was a further slump in arrival of tourists in June with just 46,957 tourists visiting Nepal during the review month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tourism entrepreneurs say that the arrival of tourists was not discouraging in May and June. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Senior Vice President of the Hotel Association of Nepal Binayak Shah said that the arrival of tourists in May and June was encouraging. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is believed that mostly Indian tourists arrive in Nepal during these two months compared to tourists from other countries and therefore the number seems to have declined as the record does not include Indian tourists arriving from across the border using roadways.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, air arrival of tourists in the first six months of 2022 stood at 237,660. Despite the recent slump in arrival of tourists with the onset of monsoon, the tourism sector is starting to claw back to the pre-pandemic situation of 2019.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">March and April are considered as tourist season as the period is ideal for trekking and mountain expedition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shah further said that travel agencies have been inquiring and seeking quotations for the upcoming season. However, Shah stated that they are not able to provide services at the prices of the pre-pandemic period due to price hike and high operating cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NTB, arrival of Indian tourists was highest in June. The board informed that 23,248 tourists from India visited Nepal in June. At present, Nepal has been receiving highest number of tourists from SAARC countries including India, Bangaldesh, Bhutan, Pakistan and Sri Lanka. A total of 26,030 tourists visited Nepal from these countries during the review month. The arrival of tourists from these countries in June 2019 was 24,557.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">American tourists are second in the list with 8,980 visiting Nepal in June. Likewise, 4,787 tourists from 17 different European countries visited Nepal during this period. Similarly, Nepal welcomed 2,369 tourists from Asian countries including China, Japan, Thailand, Malaysia, Singapore and Myanmar.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15296', 'image' => '20220704124518_tournba.jpg', 'article_date' => '2022-07-04 12:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15553', 'article_category_id' => '1', 'title' => 'Government Bans Advertisement Capable of Disorienting the Public ', 'sub_title' => '', 'summary' => 'July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> <span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code doesn't entertain the placing of hoarding boards, pamphlet, poster and other advertising materials that are likely to distract or divert the attention of passersby and disorient them in urban areas and the areas surroundings the highways. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct relating to the production, dissemination, publication and broadcasting of advertisement does not allow the bright advertising materials or those capable of affecting road transport at night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, advertisement materials capable of damaging the beauty of public structures and the street have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It does not even allow the dissemination of foreign advertisement materials by dubbing in Nepali language. The code states that aspects of gender equality and social justice should be promoted while carrying out any direct and indirect advertisement-related activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has banned the sexualisation and objectification of women and presenting them as a means of entertainment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code has not allowed the production of advertisement capable of hurting the dignity of Dalits, indigenous, ethnic communities, Madhesi, Muslims, senior citizens, persons with disabilities, sexual minorities or a group or community of any geography or a region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It aims to prevent the production of programmes, electronic games or films likely to create terror, threat or fear among children and insulting and hurting their dignity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the advertisement of any medicine claiming to cure multiple health issues, advertisement of those drugs not registered medically and advertisement containing scientifically unverified details are also not allowed. Similarly, the advertisements of medically unverified substances claiming to increase height or weight or reducing weight have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct states that advertisements should not be given without including warning messages about beverages and drinks produced with various colours and artificial tastes. It also prohibits advertisements prompting or alluring the use of any foodstuff calling it micronutrient and energizer without the recommendation of nutritionists and dieticians. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct mentions that the persons concerned should immediately remove or improve on the hoarding boards or message boards that are torn, broken or discoloured affecting the urban and local beauty. Similarly, hoarding boards should not be installed so as to cause inconvenience for the movement of people on the pavement and at the religious and archaeological heritage sites by blocking the sight and uniqueness of such sites. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct provides for placing advertisement materials of the stipulated size and quality only in the permitted places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct which has come into effect from July 3 contains 13 sections. This is the first time that such a code has been introduced in the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15295', 'image' => '20220704111914_1656855046.jpg', 'article_date' => '2022-07-04 11:18:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15552', 'article_category_id' => '1', 'title' => 'Advertisement Board Issues Code of Conduct', 'sub_title' => '', 'summary' => 'July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Information and Communication Gyanendra Bahadur Karki unveiled the code of conduct amid a function on Sunday and instructed the board to implement the code within a week.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Once the code is implemented, any company interested in advertising its product on social media like Facebook, Twitter, Youtube among others need to take permission from the board to do so.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the code has been introduced to ensure healthy competition among advertisers and to maintain the reputation of the advertising sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The minister expressed his view that this new initiative cannot be termed historic and successful unless the code is implemented properly. He said that the code was introduced after consulting with all stakeholders and expressed his belief that it will end the unhealthy competition seen in the advertising sector. He also expressed his commitment to remove any hurdles in implementing the code.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He said that the problems faced by the country has nothing to do with the policy but it is due to the lack of implementation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“All the developed countries have advanced because they have given first priority to discipline,” said the minister.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While releasing the 38-page code, Minister Karki said that our country too can become beautiful and advanced if we give priority to independence and discipline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, President of the Federation of Nepalese Journalists (FNJ) Bipul Pokharel said that the code has been introduced with the objective of ending unhealthy competition in the advertisement sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of the Advertisement Board of Nepal Laxman Humagain said the code has been formulated with the objective of holding all stakeholders accountable. He added that the board held several rounds of discussions with advertising agencies, media professionals and journalists' associations in course of drafting the code of conduct. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, Chairman of New Business Age Private Limited Madan Lamsal, who is also the editor-in-chief if New Business Age and Aarthik Abhiyan Daily raised the issue regarding the number of media houses the country should have and how to differentiate party activists in those media houses.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15294', 'image' => '20220704111049_03।19_1656855015.jpg', 'article_date' => '2022-07-04 11:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15551', 'article_category_id' => '1', 'title' => 'Over 200,000 Foreign Tourists Visit Nepal in Six Months', 'sub_title' => '', 'summary' => 'July 3: A total of 237,813 foreign tourists visited Nepal in the last six months.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">July 3: A total of 237,813 foreign tourists visited Nepal in the last six months. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the statistics shared by Nepal Tourism Board, a total of 46,900 tourists came in Nepal via air route in the month of June alone. It is a 69.3 per cent recovery in comparison to the arrival of foreign tourists in June 2019. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In May this year, 53,608 tourists entered Nepal, the Board said, adding last April recorded arrival of over 50,000 tourists. Similarly, over 42,000 tourists arrived in Nepal in March while February saw arrival of around 20,000 foreign visitors. Similarly, arrival of 17,000 tourists was recorded in January this year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The influx of foreign tourists has been improving since the beginning of this year. Tourism sector was one of the hardest hit sectors in Nepal by COVID-19 pandemic. The sector remained affected by the pandemic for over two years – 2020 and 2021 and is still yet to fully recover. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among the foreign tourists arriving in Nepal this year, Indian nationals stand atop the list followed by American. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => 'tourists, arrival, visit, Nepal, pandemic, Covid-19', 'description' => '', 'sortorder' => '15293', 'image' => '20220703084909_Tourist.jpg', 'article_date' => '2022-07-03 20:47:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15550', 'article_category_id' => '1', 'title' => 'Turkish Airlines Bags 2022 Sustainability Award from World Finance', 'sub_title' => '', 'summary' => 'July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance, one of the leading organizations in international finance world. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Turkish flag carrier said in a statement that it received the award due to its adherence to the principles like commitment to gender equality, launching projects for decreasing emissions and fuel usage in order to combat climate change, active biofuel usage, support for R&D projects, flexibility and the commendable financial performance during the pandemic period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Receiving the award, Chairman of Turkish Airlines Prof Dr Ahmet Bolat said sustainability is one of their focus points of growth strategy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Our operation centers designed with the needs of the future, our young and modern fleet and our colleagues who are experts in their fields, are the key in lessening our environmental impact in our growth journey. Recognition by World Finance with an award shows us that our steps taken in scope of our sustainable operations are in the right direction. As Turkish Airlines family, we will continue to focus on the future of our world,” the statement quoted Bolat as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Turkish Airlines was established in 1933 with a fleet of five aircraft, the statement added. According to the company, it now has a fleet of 377 (passenger and cargo) aircraft flying to 340 worldwide destinations including 287 international and 53 domestic, in 129 countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accepted as an important reference point by world’s finance and business circles, World Finance Sustainability Awards are given to organizations that offer the best application examples in three areas of sustainability which are environmental, financial and social. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '15292', 'image' => '20220703065353_AW_Ryan-Scottini-1-1-1024x683.jpg', 'article_date' => '2022-07-03 18:53:01', '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' => '15564', 'article_category_id' => '1', 'title' => 'Price of Fresh Vegetables Rises By 344 Percent ', 'sub_title' => '', 'summary' => 'July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the daily price list of the Kalimati Fruits and Vegetables Market Development Committee, the price of some fresh vegetables has gone up by 344 percent than that of last year. The committee informed that the prices of fruits and seasonal vegetables like cucumber and ladyfinger have skyrocketed.</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 the committee, the price of local cucumber, which was Rs 27 per kg on July 6 last year, has now reached Rs 120. This is an increase of 344 percent compared to last year. Prices of Indian gourds have increased by 76 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Consumers have been paying Rs 115 for Indian tomatoes, which used to cost Rs 65 per kg. The price of Nepali toamtoes has gone up by 30 percent from Rs 65 per kg to Rs 85 this time. Likewise, the price of red beans has increased by 28 percent from Rs 105 to Rs 135.</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 price of ladyfinger has gone up by 66 percent. The prices of some seasonal fruits including mango have also gone up.</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 price of mango (maldaha) was Rs 90 per kg last year. However, its price has reached Rs 130 per kg at present. Dashahari mango, which used to cost Rs 95 per kg last year now costs Rs 140. The price of pomegranate, which was Rs 290 per kg, has reached Rs 375 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Gita Prasad Acharya, chairperson of the Kalimati Fruits and Vegetables Market Development Committee, said that the price has gone up to some extent as it is time to sow the seeds. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"All the farmers are busy planting paddy at this time. The vegetable season is over and the farmers who are busy planting paddy have not been able to grow new vegetables. Its effect is seen in the market price,” Acharya told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Apart from this, the rise in fuel prices has also played a role in the rise in market prices. Ram Raj Basnet, who has been transporting vegetables to Kalimati, said that the market price has gone up due to the continuous increase in the price of petroleum products.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15306', 'image' => '20220705052914_vegetable-store.jpg', 'article_date' => '2022-07-05 17:28:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15563', 'article_category_id' => '1', 'title' => 'NRB Takes Action against Half a Dozen Microfinance Companies', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.', '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"">July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.</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 Microfinance Supervision Department of NRB took immediate action and fined the companies found breaching the law during a recent monitoring and inspection.</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 NRB, three microfinance companies which did not maintain the required cash reserves and three that did not maintain the primary capital fixed as per the provisions of last fiscal year were booked by the department. NRB adopted swift action saying that the Samaj Microfinance, Win Microfinance and Ghodighoda Microfinance failed to maintain the minimum capital. As per the NRB directive, a minimum of 4 percent primary capital and 8 percent capital fund should be maintained by the microfinance companies.</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, NRB also imposed fines on three microfinance companies for not maintaining the required cash reserves. NRB said that Gramin Microfinance was fined Rs 54, Sarathi Microfinance Rs 362 and Arambha Chautari microfinance Rs 2,888 for not maintaining the required cash reserve. NRB has been imposing fines on the basis of insufficient cash reserves.</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 NRB’s report, the bad loans of 11 microfinance companies were more than 5 percent in the last fiscal year and the interest rate of 10 microfinance institutions was more than the limit of 15 percent.</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"">Recently, the number of microfinance companies is declining due to mergers. As of mid-July 2018, there were 65 microfinance companies in operation. By mid-July 2019, the number of microfinance companies licensed by the NRB increased to 90.</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"">However, due to the merger and acquisition policy, 11 institutions went for merger and acquisition in the fiscal year 2076/77 BS and 5 more new institutions were approved for integrated transactions, making the total number of microfinance companies 84. In the Fiscal Year 2077/78, 15 companies opted for merger and acquisition and one new company started operation from July 2077 to mid-July 2078, making the total number of microfinance companies 70.</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"">By April 2078, this number dropped to 65. At present, 4 wholesale and 61 retail lending microfinance companies are in operation. These organizations have formed 1.329 million groups and are providing financial services to 57.72 million people.</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"">Loans and borrowings of microfinance institutions increased by 23.53 percent as compared to mid-July of 2078 and reached Rs 392.05 billion in mid-April 2079. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15305', 'image' => '20220705023140_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-05 14:31:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15562', 'article_category_id' => '1', 'title' => 'Cash-Strapped NOC in Crisis', 'sub_title' => '', 'summary' => 'July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion.', '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"">July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion. Meanwhile, NOC has submitted a proposal to the government to reduce the consumption of petroleum products. </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 state-owned company on Monday suggested the Prime Minister's Office, the Ministry of Industry, Commerce and Supplies and the Ministry of Home Affairs to tighten the sale and distribution of petroleum products through quota system.</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"">Suggestions range from setting quotas for the sale of petroleum products to increasing the use of electricity as an alternative to petrol. NOC has suggested reducing the consumption of petroleum products which means cutting down its own business. </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 corporation suggested that petrol pumps should introduce a policy of giving 5 litres of fuel to motorcycles at a time and 20 litres of fuel to small vehicles like cars and jeeps.</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 corporation expects that the consumption of petroleum products will be reduced if the government implements its recommendations.</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"">NOC maintained that the price of petroleum products in Nepal is high due to the rise in prices in the world market. There are indications that this will increase inflation and bring problems to the economy. Billions of rupees have been spent on fuel imports. The corporation is selling petrol at a loss of Rs 31 per litre and diesel at a loss of Rs 47. The government has not given any special grant. The corporation says it does not have enough money to buy petrol as per the country’s demand.</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"">NOC's deficit has reached over Rs 50 billion as of May this year. In addition, more than Rs 30 billion remains to be paid to Indian Oil Corporation for the purchase of petroleum products. NOC does not have the money to clear its dues.</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"">Due to these reasons, the NOC is in an awkward situation. NOC spokesperson Binit Mani Upadhyaya said that the situation will become more complicated if the consumption of petroleum products is not reduced. </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 situation is very complicated. Indian Oil Corporation has been demanding payment of dues. We have not been able to clear the dues in lack of money,” he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The corporation has suggested enforcing the quota system on government and private vehicles instead of public vehicles and those providing essential services. NOC has also emphasized increasing the use of electric vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">For this, the corporation has suggested setting up free charging stations in major cities and national highways and setting up separate parking lots for electric vehicles in public and private parking lots. NOC is confident that this will increase the use of electric vehicles and reduce the consumption of petroleum products.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15304', 'image' => '20220705015457_Untitled.jpg', 'article_date' => '2022-07-05 13:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15561', 'article_category_id' => '1', 'title' => 'Monetary Policy will Stabilize the Economy: NRB Governor', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. ', '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"">July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. Speaking at an interaction program organized on Monday to collect suggestions from stakeholders for the monetary policy, Adhikari said that the economic indicators are under pressure and urged all to work together to keep the economy on track.</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"">Governor Adhikari said that Rs 300 billion flew out of the country this year as the economy was import-oriented, adding to the problem of liquidity crisis in the banking system. He said the banks’ base rate is yet to reach the level as it was before the Covid-19 pandemic. He added that there are signs that the base rate and interest rates will rise further in the coming days. </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 governor also urged all the stakeholders to be responsible saying that the monetary policy is not something that will benefit just one individual. </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 monetary policy we introduced last year is proving to be right,” said Adhikari.</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 program was attended by directors of banks and financial institutions, Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries, Nepalese Chamber of Commerce and other stakeholders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15303', 'image' => '20220705011831_maha.jpg', 'article_date' => '2022-07-05 13:17:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15560', 'article_category_id' => '1', 'title' => 'Five Years Imprisonment for Violating Food Act ', 'sub_title' => '', 'summary' => 'July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. The department has urged the consumers to remain vigilant as the number of diarrhea patients has started increasing in the Valley and some places outside the Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Doctors have been noting that food prepared and sold openly on the road side is harmful to health as there is a possibility of infection of harmful micro-organisms of various diseases during the rainy season and humid weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Food Act 2023 BS states that food vendors should pay special attention to sales and personal hygiene and use clean drinking water. Provision has been made in the Act to take legal action against the food traders who are found to have prepared and sold food items without maintaining hygiene. Section 5 of the Act has provision for imprisonment up to five years or a fine of up to Rs 50,000 or both. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Sub-section 3 of Section 5 of the Act stipulates that if any person suffers harm due to unhealthy food, reasonable compensation should be paid to the victim by such culprit.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15302', 'image' => '20220705125903_20220629123713_f71e8c7ad3f2367f707da3cde4b1fbfd.jpg', 'article_date' => '2022-07-05 12:58:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15559', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned company has increased the price of petrol by Rs 2 per litre while the prices of diesel and kerosene have been increased by Rs 9 per litre. Similarly, NOC has increased the price of aviation turbine fuel (ATF) for domestic flights by Rs 5 per litre. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC said in a statement that the price of ATF for international flights and cooking gas (LPG) remains unchanged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest price hike, petrol will now cost Rs 181 per litre while diesel and kerosene will cost Rs 172 per litre. Similarly, the new price of ATF for domestic flights has been fixed at Rs 190 per litre.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC insisted that the prices of petroleum products were revised after receiving a new price list with increment from Indian Oil Corporation (IOC). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, NOC had revised the price of petroleum products on June 25 when in slashed the price of petrol by Rs 20 per litre.</span><br /> <br /> <br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15301', 'image' => '20220705113541_Petrol-Price-Increase.jpg', 'article_date' => '2022-07-05 11:34:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15557', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Appeal NRB to Address their Problems through Monetary Policy', 'sub_title' => '', 'summary' => 'July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During an interaction programme held in Pokhara on Saturday by the association to provide suggestions to NRB for the new monetary policy, Lakshman Subedi, president of the association, presented written suggestions and demands on behalf of the association to Governor- Maha Prasad Adhikari.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Subedi said he was optimistic that the monetary policy would cover the issues although the budget presented in May failed to address the tourism sector's problems. He informed that 30 per cent of businesses and a large number of employees and workers related to tourism had gave up their profession because of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The financial situation in the hotel and tourism industry has not yet been smooth and the association has asked the NRB to make separate arrangements for payment of interest for the next two years and a waiver of fines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the association has also asked for additional loans for hotels without any collateral at low-interest rates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The hotel industry has also demanded for cash back facility, he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association has also recommended that the limit on access to loans be raised from Rs 20 million to Rs 50 million and the private sector should monitor that such a loan facility is accessible to all hotels.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association also demanded that the three per cent service fee charged by banks on credit card use should be reduced to one per cent. Likewise, they added that banks should accept Indian notes of Rs 500 and two thousand denominations along with any currency of all SAARC nations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15300', 'image' => '20220704040137_Tourism pokhara.jpg', 'article_date' => '2022-07-04 16:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15556', 'article_category_id' => '1', 'title' => 'Government Preparing to Fix Minimum Price of Land after Classification', 'sub_title' => '', 'summary' => 'July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. ', '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"">July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. In the past, the classification of land used to be done on the basis of the condition of road and soil, their weakness etc. But now, the minimum valuation will be done in a new way according to the nature of the land.</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 Land Revenue Office, Panchthar is preparing to implement the minimum valuation by categorizing the land into agricultural, non-agricultural, commercial, housing and industry. Accordingly, the most expensive land will be the land in commercial area. Then, the land for the residential area will be the second most expensive. Based on the same, housing and commercial land seems to be 100 percent more expensive than the agricultural land.</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"">In the districts where there is no industrial zone, preparations have been made to make the land of industrial zone cheaper than the agricultural land. Chief of the Land Revenue Office, Panchthar, Baburam Pokharel said that they are preparing to implement the land rate as per the minimum valuation after classification of land.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“This is not the final decision. We are planning to implement the minimum rate after taking the opinion of the experts and making some modifications. Even in the past, minimum valuation was prepared in coordination with the local level. And now as well, the minimum valuation will be prepared based on the opinions and suggestions presented by the local level,” said Pokharel.</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 new valuation after the classification of land shows that the valuation of land in residential area will be twice as expensive as the cultivable land. Preparations are being made to classify the areas where business is done by renting shutters and evaluate the land as the most expensive ones. Land in residential areas that cannot be rented out but can be built as a house will be the most expensive. As complete classification of land is not possible now, classified land in non-agricultural sector will be the third most expensive.</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 Land Revenue Office, Panchthar is preparing to make the valuation of land in the industrial zone cheaper than the agricultural sector as the land allotted for the new industrial zone will not be suitable for agricultural work. According to Pokharel, land in industrial areas can be more expensive than agricultural areas in areas where industrial areas have already been built.</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 government has given the right to implement land use maps to the local level by classifying the land, the local levels are confused about how to proceed with this work. Experts say that local level representatives and staff, who do not know how to view the land use map, are skeptical about the timely implementation of the map.</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 local level cannot classify the land alone. Therefore, Pokharel suggests experts should provide technical assistance to them and classify the land. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15299', 'image' => '20220704034125_photo-1628158088936-68ccaaa400dc.jpg', 'article_date' => '2022-07-04 15:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15558', 'article_category_id' => '1', 'title' => 'Labor Minister Pledges to Evaluate Contribution of Workers', 'sub_title' => '', 'summary' => 'July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. Speaking at a briefing on the Social Security Fund and the occupational security of workers at the ministry on Sunday, Minister Kunwar expressed his commitment to work with due respect to all workers in the country and abroad.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kunwar said that trade unions and sister organizations of political parties should work for the protection of workers' rights and interests in a disciplined manner. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“I will also work to ensure justice for the workers. So let's work for the welfare of workers in a peaceful way rather than shutting down, protesting and locking up the factories,” said the newly-appointed minister.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Kunwar informed that the remittances sent by the youths from abroad has been helping the country’s foreign exchange reserves and that their contribution should be properly evaluated. He added that he would take initiative to amend the troublesome provisions in the law to make the working environment easier for the workers.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, he urged the concerned department take into considering the problems of the workers not only in the Gulf countries but also in India. Executive Director of the Social Security Fund, Kapil Mani Gyawali informed about the work done and the achievements made so far as well as the work that can be done in the coming days. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Director General of the Department of Labor and Occupational Safety Umakanta Acharya provided information about the department. Kunwar has been briefing various departments under the ministry since he was appointed as the labor minister.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15298', 'image' => '20220704041541_1656886952.Clipboard16.jpg', 'article_date' => '2022-07-04 16:14:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15555', 'article_category_id' => '1', 'title' => 'PM Deuba Reshuffles Cabinet', 'sub_title' => '', 'summary' => 'July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. Upon his recommendation, President Bidya Devi Bhandari has made changes to the existing Council of Ministers in accordance with Article 76 (9) and Article 78 (1) of the Constitution of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Accordingly, Mrigendra Kumar Singh Yadav has been appointed the Minister for Agriculture and Livestock Development, Mohammad Ishtiyak Rai as the Minister for Physical Infrastructure and Transport and Pradip Yadav as the Minister for Forests and Environment. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The new ministers were appointed after Janata Samajbadi Party Nepal recalled three ministers who were representing the party in the Council of Ministers and recommended the new ministers in their place. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Before the cabinet reshuffle, Renu Yadav was the Minister for Physical Infrastructure and Transport, Ram Sahaya Yadav was the Minister for Forests and Environment and Mahindra Raya Yadav was the Minister for Agriculture and Livestock Development. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The newly-appointed ministers are scheduled to take oath of office and secrecy today afternoon itself. President Bhandari had made changes to the existing Council of Ministers on June 26 before this. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15297', 'image' => '20220704032155_Deuba.jpg', 'article_date' => '2022-07-04 15:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15554', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Declines in Last Two Months', 'sub_title' => '', 'summary' => 'July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The arrival of tourists was highest in April this year but has declined in May and June.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the Nepal Tourism Board (NTB), a total of 58,348 tourists visited Nepal in April through the air route. However, the arrival of tourists in May was recorded to be 53,608 while there was a further slump in arrival of tourists in June with just 46,957 tourists visiting Nepal during the review month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tourism entrepreneurs say that the arrival of tourists was not discouraging in May and June. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Senior Vice President of the Hotel Association of Nepal Binayak Shah said that the arrival of tourists in May and June was encouraging. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is believed that mostly Indian tourists arrive in Nepal during these two months compared to tourists from other countries and therefore the number seems to have declined as the record does not include Indian tourists arriving from across the border using roadways.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, air arrival of tourists in the first six months of 2022 stood at 237,660. Despite the recent slump in arrival of tourists with the onset of monsoon, the tourism sector is starting to claw back to the pre-pandemic situation of 2019.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">March and April are considered as tourist season as the period is ideal for trekking and mountain expedition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shah further said that travel agencies have been inquiring and seeking quotations for the upcoming season. However, Shah stated that they are not able to provide services at the prices of the pre-pandemic period due to price hike and high operating cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NTB, arrival of Indian tourists was highest in June. The board informed that 23,248 tourists from India visited Nepal in June. At present, Nepal has been receiving highest number of tourists from SAARC countries including India, Bangaldesh, Bhutan, Pakistan and Sri Lanka. A total of 26,030 tourists visited Nepal from these countries during the review month. The arrival of tourists from these countries in June 2019 was 24,557.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">American tourists are second in the list with 8,980 visiting Nepal in June. Likewise, 4,787 tourists from 17 different European countries visited Nepal during this period. Similarly, Nepal welcomed 2,369 tourists from Asian countries including China, Japan, Thailand, Malaysia, Singapore and Myanmar.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15296', 'image' => '20220704124518_tournba.jpg', 'article_date' => '2022-07-04 12:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15553', 'article_category_id' => '1', 'title' => 'Government Bans Advertisement Capable of Disorienting the Public ', 'sub_title' => '', 'summary' => 'July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> <span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code doesn't entertain the placing of hoarding boards, pamphlet, poster and other advertising materials that are likely to distract or divert the attention of passersby and disorient them in urban areas and the areas surroundings the highways. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct relating to the production, dissemination, publication and broadcasting of advertisement does not allow the bright advertising materials or those capable of affecting road transport at night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, advertisement materials capable of damaging the beauty of public structures and the street have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It does not even allow the dissemination of foreign advertisement materials by dubbing in Nepali language. The code states that aspects of gender equality and social justice should be promoted while carrying out any direct and indirect advertisement-related activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has banned the sexualisation and objectification of women and presenting them as a means of entertainment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code has not allowed the production of advertisement capable of hurting the dignity of Dalits, indigenous, ethnic communities, Madhesi, Muslims, senior citizens, persons with disabilities, sexual minorities or a group or community of any geography or a region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It aims to prevent the production of programmes, electronic games or films likely to create terror, threat or fear among children and insulting and hurting their dignity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the advertisement of any medicine claiming to cure multiple health issues, advertisement of those drugs not registered medically and advertisement containing scientifically unverified details are also not allowed. Similarly, the advertisements of medically unverified substances claiming to increase height or weight or reducing weight have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct states that advertisements should not be given without including warning messages about beverages and drinks produced with various colours and artificial tastes. It also prohibits advertisements prompting or alluring the use of any foodstuff calling it micronutrient and energizer without the recommendation of nutritionists and dieticians. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct mentions that the persons concerned should immediately remove or improve on the hoarding boards or message boards that are torn, broken or discoloured affecting the urban and local beauty. Similarly, hoarding boards should not be installed so as to cause inconvenience for the movement of people on the pavement and at the religious and archaeological heritage sites by blocking the sight and uniqueness of such sites. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct provides for placing advertisement materials of the stipulated size and quality only in the permitted places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct which has come into effect from July 3 contains 13 sections. This is the first time that such a code has been introduced in the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15295', 'image' => '20220704111914_1656855046.jpg', 'article_date' => '2022-07-04 11:18:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15552', 'article_category_id' => '1', 'title' => 'Advertisement Board Issues Code of Conduct', 'sub_title' => '', 'summary' => 'July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Information and Communication Gyanendra Bahadur Karki unveiled the code of conduct amid a function on Sunday and instructed the board to implement the code within a week.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Once the code is implemented, any company interested in advertising its product on social media like Facebook, Twitter, Youtube among others need to take permission from the board to do so.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the code has been introduced to ensure healthy competition among advertisers and to maintain the reputation of the advertising sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The minister expressed his view that this new initiative cannot be termed historic and successful unless the code is implemented properly. He said that the code was introduced after consulting with all stakeholders and expressed his belief that it will end the unhealthy competition seen in the advertising sector. He also expressed his commitment to remove any hurdles in implementing the code.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He said that the problems faced by the country has nothing to do with the policy but it is due to the lack of implementation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“All the developed countries have advanced because they have given first priority to discipline,” said the minister.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While releasing the 38-page code, Minister Karki said that our country too can become beautiful and advanced if we give priority to independence and discipline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, President of the Federation of Nepalese Journalists (FNJ) Bipul Pokharel said that the code has been introduced with the objective of ending unhealthy competition in the advertisement sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of the Advertisement Board of Nepal Laxman Humagain said the code has been formulated with the objective of holding all stakeholders accountable. He added that the board held several rounds of discussions with advertising agencies, media professionals and journalists' associations in course of drafting the code of conduct. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, Chairman of New Business Age Private Limited Madan Lamsal, who is also the editor-in-chief if New Business Age and Aarthik Abhiyan Daily raised the issue regarding the number of media houses the country should have and how to differentiate party activists in those media houses.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15294', 'image' => '20220704111049_03।19_1656855015.jpg', 'article_date' => '2022-07-04 11:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15551', 'article_category_id' => '1', 'title' => 'Over 200,000 Foreign Tourists Visit Nepal in Six Months', 'sub_title' => '', 'summary' => 'July 3: A total of 237,813 foreign tourists visited Nepal in the last six months.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">July 3: A total of 237,813 foreign tourists visited Nepal in the last six months. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the statistics shared by Nepal Tourism Board, a total of 46,900 tourists came in Nepal via air route in the month of June alone. It is a 69.3 per cent recovery in comparison to the arrival of foreign tourists in June 2019. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In May this year, 53,608 tourists entered Nepal, the Board said, adding last April recorded arrival of over 50,000 tourists. Similarly, over 42,000 tourists arrived in Nepal in March while February saw arrival of around 20,000 foreign visitors. Similarly, arrival of 17,000 tourists was recorded in January this year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The influx of foreign tourists has been improving since the beginning of this year. Tourism sector was one of the hardest hit sectors in Nepal by COVID-19 pandemic. The sector remained affected by the pandemic for over two years – 2020 and 2021 and is still yet to fully recover. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among the foreign tourists arriving in Nepal this year, Indian nationals stand atop the list followed by American. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => 'tourists, arrival, visit, Nepal, pandemic, Covid-19', 'description' => '', 'sortorder' => '15293', 'image' => '20220703084909_Tourist.jpg', 'article_date' => '2022-07-03 20:47:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15550', 'article_category_id' => '1', 'title' => 'Turkish Airlines Bags 2022 Sustainability Award from World Finance', 'sub_title' => '', 'summary' => 'July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance, one of the leading organizations in international finance world. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Turkish flag carrier said in a statement that it received the award due to its adherence to the principles like commitment to gender equality, launching projects for decreasing emissions and fuel usage in order to combat climate change, active biofuel usage, support for R&D projects, flexibility and the commendable financial performance during the pandemic period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Receiving the award, Chairman of Turkish Airlines Prof Dr Ahmet Bolat said sustainability is one of their focus points of growth strategy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Our operation centers designed with the needs of the future, our young and modern fleet and our colleagues who are experts in their fields, are the key in lessening our environmental impact in our growth journey. Recognition by World Finance with an award shows us that our steps taken in scope of our sustainable operations are in the right direction. As Turkish Airlines family, we will continue to focus on the future of our world,” the statement quoted Bolat as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Turkish Airlines was established in 1933 with a fleet of five aircraft, the statement added. According to the company, it now has a fleet of 377 (passenger and cargo) aircraft flying to 340 worldwide destinations including 287 international and 53 domestic, in 129 countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accepted as an important reference point by world’s finance and business circles, World Finance Sustainability Awards are given to organizations that offer the best application examples in three areas of sustainability which are environmental, financial and social. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '15292', 'image' => '20220703065353_AW_Ryan-Scottini-1-1-1024x683.jpg', 'article_date' => '2022-07-03 18:53:01', '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' => '15564', 'article_category_id' => '1', 'title' => 'Price of Fresh Vegetables Rises By 344 Percent ', 'sub_title' => '', 'summary' => 'July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the daily price list of the Kalimati Fruits and Vegetables Market Development Committee, the price of some fresh vegetables has gone up by 344 percent than that of last year. The committee informed that the prices of fruits and seasonal vegetables like cucumber and ladyfinger have skyrocketed.</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 the committee, the price of local cucumber, which was Rs 27 per kg on July 6 last year, has now reached Rs 120. This is an increase of 344 percent compared to last year. Prices of Indian gourds have increased by 76 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Consumers have been paying Rs 115 for Indian tomatoes, which used to cost Rs 65 per kg. The price of Nepali toamtoes has gone up by 30 percent from Rs 65 per kg to Rs 85 this time. Likewise, the price of red beans has increased by 28 percent from Rs 105 to Rs 135.</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 price of ladyfinger has gone up by 66 percent. The prices of some seasonal fruits including mango have also gone up.</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 price of mango (maldaha) was Rs 90 per kg last year. However, its price has reached Rs 130 per kg at present. Dashahari mango, which used to cost Rs 95 per kg last year now costs Rs 140. The price of pomegranate, which was Rs 290 per kg, has reached Rs 375 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Gita Prasad Acharya, chairperson of the Kalimati Fruits and Vegetables Market Development Committee, said that the price has gone up to some extent as it is time to sow the seeds. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"All the farmers are busy planting paddy at this time. The vegetable season is over and the farmers who are busy planting paddy have not been able to grow new vegetables. Its effect is seen in the market price,” Acharya told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Apart from this, the rise in fuel prices has also played a role in the rise in market prices. Ram Raj Basnet, who has been transporting vegetables to Kalimati, said that the market price has gone up due to the continuous increase in the price of petroleum products.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15306', 'image' => '20220705052914_vegetable-store.jpg', 'article_date' => '2022-07-05 17:28:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15563', 'article_category_id' => '1', 'title' => 'NRB Takes Action against Half a Dozen Microfinance Companies', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.', '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"">July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.</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 Microfinance Supervision Department of NRB took immediate action and fined the companies found breaching the law during a recent monitoring and inspection.</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 NRB, three microfinance companies which did not maintain the required cash reserves and three that did not maintain the primary capital fixed as per the provisions of last fiscal year were booked by the department. NRB adopted swift action saying that the Samaj Microfinance, Win Microfinance and Ghodighoda Microfinance failed to maintain the minimum capital. As per the NRB directive, a minimum of 4 percent primary capital and 8 percent capital fund should be maintained by the microfinance companies.</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, NRB also imposed fines on three microfinance companies for not maintaining the required cash reserves. NRB said that Gramin Microfinance was fined Rs 54, Sarathi Microfinance Rs 362 and Arambha Chautari microfinance Rs 2,888 for not maintaining the required cash reserve. NRB has been imposing fines on the basis of insufficient cash reserves.</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 NRB’s report, the bad loans of 11 microfinance companies were more than 5 percent in the last fiscal year and the interest rate of 10 microfinance institutions was more than the limit of 15 percent.</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"">Recently, the number of microfinance companies is declining due to mergers. As of mid-July 2018, there were 65 microfinance companies in operation. By mid-July 2019, the number of microfinance companies licensed by the NRB increased to 90.</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"">However, due to the merger and acquisition policy, 11 institutions went for merger and acquisition in the fiscal year 2076/77 BS and 5 more new institutions were approved for integrated transactions, making the total number of microfinance companies 84. In the Fiscal Year 2077/78, 15 companies opted for merger and acquisition and one new company started operation from July 2077 to mid-July 2078, making the total number of microfinance companies 70.</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"">By April 2078, this number dropped to 65. At present, 4 wholesale and 61 retail lending microfinance companies are in operation. These organizations have formed 1.329 million groups and are providing financial services to 57.72 million people.</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"">Loans and borrowings of microfinance institutions increased by 23.53 percent as compared to mid-July of 2078 and reached Rs 392.05 billion in mid-April 2079. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15305', 'image' => '20220705023140_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-05 14:31:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15562', 'article_category_id' => '1', 'title' => 'Cash-Strapped NOC in Crisis', 'sub_title' => '', 'summary' => 'July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion.', '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"">July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion. Meanwhile, NOC has submitted a proposal to the government to reduce the consumption of petroleum products. </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 state-owned company on Monday suggested the Prime Minister's Office, the Ministry of Industry, Commerce and Supplies and the Ministry of Home Affairs to tighten the sale and distribution of petroleum products through quota system.</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"">Suggestions range from setting quotas for the sale of petroleum products to increasing the use of electricity as an alternative to petrol. NOC has suggested reducing the consumption of petroleum products which means cutting down its own business. </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 corporation suggested that petrol pumps should introduce a policy of giving 5 litres of fuel to motorcycles at a time and 20 litres of fuel to small vehicles like cars and jeeps.</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 corporation expects that the consumption of petroleum products will be reduced if the government implements its recommendations.</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"">NOC maintained that the price of petroleum products in Nepal is high due to the rise in prices in the world market. There are indications that this will increase inflation and bring problems to the economy. Billions of rupees have been spent on fuel imports. The corporation is selling petrol at a loss of Rs 31 per litre and diesel at a loss of Rs 47. The government has not given any special grant. The corporation says it does not have enough money to buy petrol as per the country’s demand.</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"">NOC's deficit has reached over Rs 50 billion as of May this year. In addition, more than Rs 30 billion remains to be paid to Indian Oil Corporation for the purchase of petroleum products. NOC does not have the money to clear its dues.</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"">Due to these reasons, the NOC is in an awkward situation. NOC spokesperson Binit Mani Upadhyaya said that the situation will become more complicated if the consumption of petroleum products is not reduced. </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 situation is very complicated. Indian Oil Corporation has been demanding payment of dues. We have not been able to clear the dues in lack of money,” he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The corporation has suggested enforcing the quota system on government and private vehicles instead of public vehicles and those providing essential services. NOC has also emphasized increasing the use of electric vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">For this, the corporation has suggested setting up free charging stations in major cities and national highways and setting up separate parking lots for electric vehicles in public and private parking lots. NOC is confident that this will increase the use of electric vehicles and reduce the consumption of petroleum products.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15304', 'image' => '20220705015457_Untitled.jpg', 'article_date' => '2022-07-05 13:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15561', 'article_category_id' => '1', 'title' => 'Monetary Policy will Stabilize the Economy: NRB Governor', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. ', '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"">July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. Speaking at an interaction program organized on Monday to collect suggestions from stakeholders for the monetary policy, Adhikari said that the economic indicators are under pressure and urged all to work together to keep the economy on track.</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"">Governor Adhikari said that Rs 300 billion flew out of the country this year as the economy was import-oriented, adding to the problem of liquidity crisis in the banking system. He said the banks’ base rate is yet to reach the level as it was before the Covid-19 pandemic. He added that there are signs that the base rate and interest rates will rise further in the coming days. </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 governor also urged all the stakeholders to be responsible saying that the monetary policy is not something that will benefit just one individual. </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 monetary policy we introduced last year is proving to be right,” said Adhikari.</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 program was attended by directors of banks and financial institutions, Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries, Nepalese Chamber of Commerce and other stakeholders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15303', 'image' => '20220705011831_maha.jpg', 'article_date' => '2022-07-05 13:17:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15560', 'article_category_id' => '1', 'title' => 'Five Years Imprisonment for Violating Food Act ', 'sub_title' => '', 'summary' => 'July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. The department has urged the consumers to remain vigilant as the number of diarrhea patients has started increasing in the Valley and some places outside the Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Doctors have been noting that food prepared and sold openly on the road side is harmful to health as there is a possibility of infection of harmful micro-organisms of various diseases during the rainy season and humid weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Food Act 2023 BS states that food vendors should pay special attention to sales and personal hygiene and use clean drinking water. Provision has been made in the Act to take legal action against the food traders who are found to have prepared and sold food items without maintaining hygiene. Section 5 of the Act has provision for imprisonment up to five years or a fine of up to Rs 50,000 or both. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Sub-section 3 of Section 5 of the Act stipulates that if any person suffers harm due to unhealthy food, reasonable compensation should be paid to the victim by such culprit.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15302', 'image' => '20220705125903_20220629123713_f71e8c7ad3f2367f707da3cde4b1fbfd.jpg', 'article_date' => '2022-07-05 12:58:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15559', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned company has increased the price of petrol by Rs 2 per litre while the prices of diesel and kerosene have been increased by Rs 9 per litre. Similarly, NOC has increased the price of aviation turbine fuel (ATF) for domestic flights by Rs 5 per litre. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC said in a statement that the price of ATF for international flights and cooking gas (LPG) remains unchanged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest price hike, petrol will now cost Rs 181 per litre while diesel and kerosene will cost Rs 172 per litre. Similarly, the new price of ATF for domestic flights has been fixed at Rs 190 per litre.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC insisted that the prices of petroleum products were revised after receiving a new price list with increment from Indian Oil Corporation (IOC). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, NOC had revised the price of petroleum products on June 25 when in slashed the price of petrol by Rs 20 per litre.</span><br /> <br /> <br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15301', 'image' => '20220705113541_Petrol-Price-Increase.jpg', 'article_date' => '2022-07-05 11:34:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15557', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Appeal NRB to Address their Problems through Monetary Policy', 'sub_title' => '', 'summary' => 'July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During an interaction programme held in Pokhara on Saturday by the association to provide suggestions to NRB for the new monetary policy, Lakshman Subedi, president of the association, presented written suggestions and demands on behalf of the association to Governor- Maha Prasad Adhikari.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Subedi said he was optimistic that the monetary policy would cover the issues although the budget presented in May failed to address the tourism sector's problems. He informed that 30 per cent of businesses and a large number of employees and workers related to tourism had gave up their profession because of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The financial situation in the hotel and tourism industry has not yet been smooth and the association has asked the NRB to make separate arrangements for payment of interest for the next two years and a waiver of fines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the association has also asked for additional loans for hotels without any collateral at low-interest rates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The hotel industry has also demanded for cash back facility, he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association has also recommended that the limit on access to loans be raised from Rs 20 million to Rs 50 million and the private sector should monitor that such a loan facility is accessible to all hotels.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association also demanded that the three per cent service fee charged by banks on credit card use should be reduced to one per cent. Likewise, they added that banks should accept Indian notes of Rs 500 and two thousand denominations along with any currency of all SAARC nations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15300', 'image' => '20220704040137_Tourism pokhara.jpg', 'article_date' => '2022-07-04 16:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15556', 'article_category_id' => '1', 'title' => 'Government Preparing to Fix Minimum Price of Land after Classification', 'sub_title' => '', 'summary' => 'July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. ', '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"">July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. In the past, the classification of land used to be done on the basis of the condition of road and soil, their weakness etc. But now, the minimum valuation will be done in a new way according to the nature of the land.</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 Land Revenue Office, Panchthar is preparing to implement the minimum valuation by categorizing the land into agricultural, non-agricultural, commercial, housing and industry. Accordingly, the most expensive land will be the land in commercial area. Then, the land for the residential area will be the second most expensive. Based on the same, housing and commercial land seems to be 100 percent more expensive than the agricultural land.</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"">In the districts where there is no industrial zone, preparations have been made to make the land of industrial zone cheaper than the agricultural land. Chief of the Land Revenue Office, Panchthar, Baburam Pokharel said that they are preparing to implement the land rate as per the minimum valuation after classification of land.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“This is not the final decision. We are planning to implement the minimum rate after taking the opinion of the experts and making some modifications. Even in the past, minimum valuation was prepared in coordination with the local level. And now as well, the minimum valuation will be prepared based on the opinions and suggestions presented by the local level,” said Pokharel.</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 new valuation after the classification of land shows that the valuation of land in residential area will be twice as expensive as the cultivable land. Preparations are being made to classify the areas where business is done by renting shutters and evaluate the land as the most expensive ones. Land in residential areas that cannot be rented out but can be built as a house will be the most expensive. As complete classification of land is not possible now, classified land in non-agricultural sector will be the third most expensive.</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 Land Revenue Office, Panchthar is preparing to make the valuation of land in the industrial zone cheaper than the agricultural sector as the land allotted for the new industrial zone will not be suitable for agricultural work. According to Pokharel, land in industrial areas can be more expensive than agricultural areas in areas where industrial areas have already been built.</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 government has given the right to implement land use maps to the local level by classifying the land, the local levels are confused about how to proceed with this work. Experts say that local level representatives and staff, who do not know how to view the land use map, are skeptical about the timely implementation of the map.</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 local level cannot classify the land alone. Therefore, Pokharel suggests experts should provide technical assistance to them and classify the land. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15299', 'image' => '20220704034125_photo-1628158088936-68ccaaa400dc.jpg', 'article_date' => '2022-07-04 15:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15558', 'article_category_id' => '1', 'title' => 'Labor Minister Pledges to Evaluate Contribution of Workers', 'sub_title' => '', 'summary' => 'July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. Speaking at a briefing on the Social Security Fund and the occupational security of workers at the ministry on Sunday, Minister Kunwar expressed his commitment to work with due respect to all workers in the country and abroad.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kunwar said that trade unions and sister organizations of political parties should work for the protection of workers' rights and interests in a disciplined manner. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“I will also work to ensure justice for the workers. So let's work for the welfare of workers in a peaceful way rather than shutting down, protesting and locking up the factories,” said the newly-appointed minister.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Kunwar informed that the remittances sent by the youths from abroad has been helping the country’s foreign exchange reserves and that their contribution should be properly evaluated. He added that he would take initiative to amend the troublesome provisions in the law to make the working environment easier for the workers.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, he urged the concerned department take into considering the problems of the workers not only in the Gulf countries but also in India. Executive Director of the Social Security Fund, Kapil Mani Gyawali informed about the work done and the achievements made so far as well as the work that can be done in the coming days. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Director General of the Department of Labor and Occupational Safety Umakanta Acharya provided information about the department. Kunwar has been briefing various departments under the ministry since he was appointed as the labor minister.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15298', 'image' => '20220704041541_1656886952.Clipboard16.jpg', 'article_date' => '2022-07-04 16:14:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15555', 'article_category_id' => '1', 'title' => 'PM Deuba Reshuffles Cabinet', 'sub_title' => '', 'summary' => 'July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. Upon his recommendation, President Bidya Devi Bhandari has made changes to the existing Council of Ministers in accordance with Article 76 (9) and Article 78 (1) of the Constitution of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Accordingly, Mrigendra Kumar Singh Yadav has been appointed the Minister for Agriculture and Livestock Development, Mohammad Ishtiyak Rai as the Minister for Physical Infrastructure and Transport and Pradip Yadav as the Minister for Forests and Environment. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The new ministers were appointed after Janata Samajbadi Party Nepal recalled three ministers who were representing the party in the Council of Ministers and recommended the new ministers in their place. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Before the cabinet reshuffle, Renu Yadav was the Minister for Physical Infrastructure and Transport, Ram Sahaya Yadav was the Minister for Forests and Environment and Mahindra Raya Yadav was the Minister for Agriculture and Livestock Development. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The newly-appointed ministers are scheduled to take oath of office and secrecy today afternoon itself. President Bhandari had made changes to the existing Council of Ministers on June 26 before this. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15297', 'image' => '20220704032155_Deuba.jpg', 'article_date' => '2022-07-04 15:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15554', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Declines in Last Two Months', 'sub_title' => '', 'summary' => 'July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The arrival of tourists was highest in April this year but has declined in May and June.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the Nepal Tourism Board (NTB), a total of 58,348 tourists visited Nepal in April through the air route. However, the arrival of tourists in May was recorded to be 53,608 while there was a further slump in arrival of tourists in June with just 46,957 tourists visiting Nepal during the review month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tourism entrepreneurs say that the arrival of tourists was not discouraging in May and June. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Senior Vice President of the Hotel Association of Nepal Binayak Shah said that the arrival of tourists in May and June was encouraging. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is believed that mostly Indian tourists arrive in Nepal during these two months compared to tourists from other countries and therefore the number seems to have declined as the record does not include Indian tourists arriving from across the border using roadways.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, air arrival of tourists in the first six months of 2022 stood at 237,660. Despite the recent slump in arrival of tourists with the onset of monsoon, the tourism sector is starting to claw back to the pre-pandemic situation of 2019.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">March and April are considered as tourist season as the period is ideal for trekking and mountain expedition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shah further said that travel agencies have been inquiring and seeking quotations for the upcoming season. However, Shah stated that they are not able to provide services at the prices of the pre-pandemic period due to price hike and high operating cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NTB, arrival of Indian tourists was highest in June. The board informed that 23,248 tourists from India visited Nepal in June. At present, Nepal has been receiving highest number of tourists from SAARC countries including India, Bangaldesh, Bhutan, Pakistan and Sri Lanka. A total of 26,030 tourists visited Nepal from these countries during the review month. The arrival of tourists from these countries in June 2019 was 24,557.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">American tourists are second in the list with 8,980 visiting Nepal in June. Likewise, 4,787 tourists from 17 different European countries visited Nepal during this period. Similarly, Nepal welcomed 2,369 tourists from Asian countries including China, Japan, Thailand, Malaysia, Singapore and Myanmar.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15296', 'image' => '20220704124518_tournba.jpg', 'article_date' => '2022-07-04 12:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15553', 'article_category_id' => '1', 'title' => 'Government Bans Advertisement Capable of Disorienting the Public ', 'sub_title' => '', 'summary' => 'July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> <span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code doesn't entertain the placing of hoarding boards, pamphlet, poster and other advertising materials that are likely to distract or divert the attention of passersby and disorient them in urban areas and the areas surroundings the highways. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct relating to the production, dissemination, publication and broadcasting of advertisement does not allow the bright advertising materials or those capable of affecting road transport at night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, advertisement materials capable of damaging the beauty of public structures and the street have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It does not even allow the dissemination of foreign advertisement materials by dubbing in Nepali language. The code states that aspects of gender equality and social justice should be promoted while carrying out any direct and indirect advertisement-related activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has banned the sexualisation and objectification of women and presenting them as a means of entertainment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code has not allowed the production of advertisement capable of hurting the dignity of Dalits, indigenous, ethnic communities, Madhesi, Muslims, senior citizens, persons with disabilities, sexual minorities or a group or community of any geography or a region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It aims to prevent the production of programmes, electronic games or films likely to create terror, threat or fear among children and insulting and hurting their dignity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the advertisement of any medicine claiming to cure multiple health issues, advertisement of those drugs not registered medically and advertisement containing scientifically unverified details are also not allowed. Similarly, the advertisements of medically unverified substances claiming to increase height or weight or reducing weight have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct states that advertisements should not be given without including warning messages about beverages and drinks produced with various colours and artificial tastes. It also prohibits advertisements prompting or alluring the use of any foodstuff calling it micronutrient and energizer without the recommendation of nutritionists and dieticians. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct mentions that the persons concerned should immediately remove or improve on the hoarding boards or message boards that are torn, broken or discoloured affecting the urban and local beauty. Similarly, hoarding boards should not be installed so as to cause inconvenience for the movement of people on the pavement and at the religious and archaeological heritage sites by blocking the sight and uniqueness of such sites. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct provides for placing advertisement materials of the stipulated size and quality only in the permitted places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct which has come into effect from July 3 contains 13 sections. This is the first time that such a code has been introduced in the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15295', 'image' => '20220704111914_1656855046.jpg', 'article_date' => '2022-07-04 11:18:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15552', 'article_category_id' => '1', 'title' => 'Advertisement Board Issues Code of Conduct', 'sub_title' => '', 'summary' => 'July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Information and Communication Gyanendra Bahadur Karki unveiled the code of conduct amid a function on Sunday and instructed the board to implement the code within a week.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Once the code is implemented, any company interested in advertising its product on social media like Facebook, Twitter, Youtube among others need to take permission from the board to do so.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the code has been introduced to ensure healthy competition among advertisers and to maintain the reputation of the advertising sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The minister expressed his view that this new initiative cannot be termed historic and successful unless the code is implemented properly. He said that the code was introduced after consulting with all stakeholders and expressed his belief that it will end the unhealthy competition seen in the advertising sector. He also expressed his commitment to remove any hurdles in implementing the code.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He said that the problems faced by the country has nothing to do with the policy but it is due to the lack of implementation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“All the developed countries have advanced because they have given first priority to discipline,” said the minister.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While releasing the 38-page code, Minister Karki said that our country too can become beautiful and advanced if we give priority to independence and discipline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, President of the Federation of Nepalese Journalists (FNJ) Bipul Pokharel said that the code has been introduced with the objective of ending unhealthy competition in the advertisement sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of the Advertisement Board of Nepal Laxman Humagain said the code has been formulated with the objective of holding all stakeholders accountable. He added that the board held several rounds of discussions with advertising agencies, media professionals and journalists' associations in course of drafting the code of conduct. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, Chairman of New Business Age Private Limited Madan Lamsal, who is also the editor-in-chief if New Business Age and Aarthik Abhiyan Daily raised the issue regarding the number of media houses the country should have and how to differentiate party activists in those media houses.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15294', 'image' => '20220704111049_03।19_1656855015.jpg', 'article_date' => '2022-07-04 11:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15551', 'article_category_id' => '1', 'title' => 'Over 200,000 Foreign Tourists Visit Nepal in Six Months', 'sub_title' => '', 'summary' => 'July 3: A total of 237,813 foreign tourists visited Nepal in the last six months.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">July 3: A total of 237,813 foreign tourists visited Nepal in the last six months. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the statistics shared by Nepal Tourism Board, a total of 46,900 tourists came in Nepal via air route in the month of June alone. It is a 69.3 per cent recovery in comparison to the arrival of foreign tourists in June 2019. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In May this year, 53,608 tourists entered Nepal, the Board said, adding last April recorded arrival of over 50,000 tourists. Similarly, over 42,000 tourists arrived in Nepal in March while February saw arrival of around 20,000 foreign visitors. Similarly, arrival of 17,000 tourists was recorded in January this year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The influx of foreign tourists has been improving since the beginning of this year. Tourism sector was one of the hardest hit sectors in Nepal by COVID-19 pandemic. The sector remained affected by the pandemic for over two years – 2020 and 2021 and is still yet to fully recover. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among the foreign tourists arriving in Nepal this year, Indian nationals stand atop the list followed by American. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => 'tourists, arrival, visit, Nepal, pandemic, Covid-19', 'description' => '', 'sortorder' => '15293', 'image' => '20220703084909_Tourist.jpg', 'article_date' => '2022-07-03 20:47:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15550', 'article_category_id' => '1', 'title' => 'Turkish Airlines Bags 2022 Sustainability Award from World Finance', 'sub_title' => '', 'summary' => 'July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance, one of the leading organizations in international finance world. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Turkish flag carrier said in a statement that it received the award due to its adherence to the principles like commitment to gender equality, launching projects for decreasing emissions and fuel usage in order to combat climate change, active biofuel usage, support for R&D projects, flexibility and the commendable financial performance during the pandemic period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Receiving the award, Chairman of Turkish Airlines Prof Dr Ahmet Bolat said sustainability is one of their focus points of growth strategy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Our operation centers designed with the needs of the future, our young and modern fleet and our colleagues who are experts in their fields, are the key in lessening our environmental impact in our growth journey. Recognition by World Finance with an award shows us that our steps taken in scope of our sustainable operations are in the right direction. As Turkish Airlines family, we will continue to focus on the future of our world,” the statement quoted Bolat as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Turkish Airlines was established in 1933 with a fleet of five aircraft, the statement added. According to the company, it now has a fleet of 377 (passenger and cargo) aircraft flying to 340 worldwide destinations including 287 international and 53 domestic, in 129 countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accepted as an important reference point by world’s finance and business circles, World Finance Sustainability Awards are given to organizations that offer the best application examples in three areas of sustainability which are environmental, financial and social. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '15292', 'image' => '20220703065353_AW_Ryan-Scottini-1-1-1024x683.jpg', 'article_date' => '2022-07-03 18:53:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15564', 'article_category_id' => '1', 'title' => 'Price of Fresh Vegetables Rises By 344 Percent ', 'sub_title' => '', 'summary' => 'July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 21: The general public has been paying 344 percent more to purchase fresh vegetables at present compared to the same period of last year. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to the daily price list of the Kalimati Fruits and Vegetables Market Development Committee, the price of some fresh vegetables has gone up by 344 percent than that of last year. The committee informed that the prices of fruits and seasonal vegetables like cucumber and ladyfinger have skyrocketed.</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 the committee, the price of local cucumber, which was Rs 27 per kg on July 6 last year, has now reached Rs 120. This is an increase of 344 percent compared to last year. Prices of Indian gourds have increased by 76 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Consumers have been paying Rs 115 for Indian tomatoes, which used to cost Rs 65 per kg. The price of Nepali toamtoes has gone up by 30 percent from Rs 65 per kg to Rs 85 this time. Likewise, the price of red beans has increased by 28 percent from Rs 105 to Rs 135.</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 price of ladyfinger has gone up by 66 percent. The prices of some seasonal fruits including mango have also gone up.</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 price of mango (maldaha) was Rs 90 per kg last year. However, its price has reached Rs 130 per kg at present. Dashahari mango, which used to cost Rs 95 per kg last year now costs Rs 140. The price of pomegranate, which was Rs 290 per kg, has reached Rs 375 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Gita Prasad Acharya, chairperson of the Kalimati Fruits and Vegetables Market Development Committee, said that the price has gone up to some extent as it is time to sow the seeds. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"All the farmers are busy planting paddy at this time. The vegetable season is over and the farmers who are busy planting paddy have not been able to grow new vegetables. Its effect is seen in the market price,” Acharya told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Apart from this, the rise in fuel prices has also played a role in the rise in market prices. Ram Raj Basnet, who has been transporting vegetables to Kalimati, said that the market price has gone up due to the continuous increase in the price of petroleum products.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15306', 'image' => '20220705052914_vegetable-store.jpg', 'article_date' => '2022-07-05 17:28:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15563', 'article_category_id' => '1', 'title' => 'NRB Takes Action against Half a Dozen Microfinance Companies', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.', '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"">July 5: Nepal Rastra Bank (NRB) has taken action against half a dozen microfinance finance companies that were found operating against the law.</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 Microfinance Supervision Department of NRB took immediate action and fined the companies found breaching the law during a recent monitoring and inspection.</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 NRB, three microfinance companies which did not maintain the required cash reserves and three that did not maintain the primary capital fixed as per the provisions of last fiscal year were booked by the department. NRB adopted swift action saying that the Samaj Microfinance, Win Microfinance and Ghodighoda Microfinance failed to maintain the minimum capital. As per the NRB directive, a minimum of 4 percent primary capital and 8 percent capital fund should be maintained by the microfinance companies.</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, NRB also imposed fines on three microfinance companies for not maintaining the required cash reserves. NRB said that Gramin Microfinance was fined Rs 54, Sarathi Microfinance Rs 362 and Arambha Chautari microfinance Rs 2,888 for not maintaining the required cash reserve. NRB has been imposing fines on the basis of insufficient cash reserves.</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 NRB’s report, the bad loans of 11 microfinance companies were more than 5 percent in the last fiscal year and the interest rate of 10 microfinance institutions was more than the limit of 15 percent.</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"">Recently, the number of microfinance companies is declining due to mergers. As of mid-July 2018, there were 65 microfinance companies in operation. By mid-July 2019, the number of microfinance companies licensed by the NRB increased to 90.</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"">However, due to the merger and acquisition policy, 11 institutions went for merger and acquisition in the fiscal year 2076/77 BS and 5 more new institutions were approved for integrated transactions, making the total number of microfinance companies 84. In the Fiscal Year 2077/78, 15 companies opted for merger and acquisition and one new company started operation from July 2077 to mid-July 2078, making the total number of microfinance companies 70.</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"">By April 2078, this number dropped to 65. At present, 4 wholesale and 61 retail lending microfinance companies are in operation. These organizations have formed 1.329 million groups and are providing financial services to 57.72 million people.</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"">Loans and borrowings of microfinance institutions increased by 23.53 percent as compared to mid-July of 2078 and reached Rs 392.05 billion in mid-April 2079. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15305', 'image' => '20220705023140_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-05 14:31:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15562', 'article_category_id' => '1', 'title' => 'Cash-Strapped NOC in Crisis', 'sub_title' => '', 'summary' => 'July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion.', '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"">July 4: Nepal Oil Corporation (NOC) has no money to buy fuel and has arrears of Rs 30 billion. Meanwhile, NOC has submitted a proposal to the government to reduce the consumption of petroleum products. </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 state-owned company on Monday suggested the Prime Minister's Office, the Ministry of Industry, Commerce and Supplies and the Ministry of Home Affairs to tighten the sale and distribution of petroleum products through quota system.</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"">Suggestions range from setting quotas for the sale of petroleum products to increasing the use of electricity as an alternative to petrol. NOC has suggested reducing the consumption of petroleum products which means cutting down its own business. </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 corporation suggested that petrol pumps should introduce a policy of giving 5 litres of fuel to motorcycles at a time and 20 litres of fuel to small vehicles like cars and jeeps.</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 corporation expects that the consumption of petroleum products will be reduced if the government implements its recommendations.</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"">NOC maintained that the price of petroleum products in Nepal is high due to the rise in prices in the world market. There are indications that this will increase inflation and bring problems to the economy. Billions of rupees have been spent on fuel imports. The corporation is selling petrol at a loss of Rs 31 per litre and diesel at a loss of Rs 47. The government has not given any special grant. The corporation says it does not have enough money to buy petrol as per the country’s demand.</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"">NOC's deficit has reached over Rs 50 billion as of May this year. In addition, more than Rs 30 billion remains to be paid to Indian Oil Corporation for the purchase of petroleum products. NOC does not have the money to clear its dues.</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"">Due to these reasons, the NOC is in an awkward situation. NOC spokesperson Binit Mani Upadhyaya said that the situation will become more complicated if the consumption of petroleum products is not reduced. </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 situation is very complicated. Indian Oil Corporation has been demanding payment of dues. We have not been able to clear the dues in lack of money,” he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The corporation has suggested enforcing the quota system on government and private vehicles instead of public vehicles and those providing essential services. NOC has also emphasized increasing the use of electric vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">For this, the corporation has suggested setting up free charging stations in major cities and national highways and setting up separate parking lots for electric vehicles in public and private parking lots. NOC is confident that this will increase the use of electric vehicles and reduce the consumption of petroleum products.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15304', 'image' => '20220705015457_Untitled.jpg', 'article_date' => '2022-07-05 13:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15561', 'article_category_id' => '1', 'title' => 'Monetary Policy will Stabilize the Economy: NRB Governor', 'sub_title' => '', 'summary' => 'July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. ', '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"">July 5: Nepal Rastra Bank’s Governor Maha Prasad Adhikari has stated that the monetary policy for the upcoming fiscal year will bring stability to the troubled economy. Speaking at an interaction program organized on Monday to collect suggestions from stakeholders for the monetary policy, Adhikari said that the economic indicators are under pressure and urged all to work together to keep the economy on track.</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"">Governor Adhikari said that Rs 300 billion flew out of the country this year as the economy was import-oriented, adding to the problem of liquidity crisis in the banking system. He said the banks’ base rate is yet to reach the level as it was before the Covid-19 pandemic. He added that there are signs that the base rate and interest rates will rise further in the coming days. </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 governor also urged all the stakeholders to be responsible saying that the monetary policy is not something that will benefit just one individual. </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 monetary policy we introduced last year is proving to be right,” said Adhikari.</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 program was attended by directors of banks and financial institutions, Federation of Nepalese Chambers of Commerce and Industry, Confederation of Nepalese Industries, Nepalese Chamber of Commerce and other stakeholders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15303', 'image' => '20220705011831_maha.jpg', 'article_date' => '2022-07-05 13:17:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15560', 'article_category_id' => '1', 'title' => 'Five Years Imprisonment for Violating Food Act ', 'sub_title' => '', 'summary' => 'July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: The Department of Food Technology and Quality Control has urged the consumers to avoid eating food kept in the open especially along the roadside to avoid diarrhea and other diseases. The department has urged the consumers to remain vigilant as the number of diarrhea patients has started increasing in the Valley and some places outside the Valley. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Doctors have been noting that food prepared and sold openly on the road side is harmful to health as there is a possibility of infection of harmful micro-organisms of various diseases during the rainy season and humid weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Food Act 2023 BS states that food vendors should pay special attention to sales and personal hygiene and use clean drinking water. Provision has been made in the Act to take legal action against the food traders who are found to have prepared and sold food items without maintaining hygiene. Section 5 of the Act has provision for imprisonment up to five years or a fine of up to Rs 50,000 or both. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Sub-section 3 of Section 5 of the Act stipulates that if any person suffers harm due to unhealthy food, reasonable compensation should be paid to the victim by such culprit.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15302', 'image' => '20220705125903_20220629123713_f71e8c7ad3f2367f707da3cde4b1fbfd.jpg', 'article_date' => '2022-07-05 12:58:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15559', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products ', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 5: Nepal Oil Corporation (NOC) has increased the price of petroleum products effective from Tuesday (July 5).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The state-owned company has increased the price of petrol by Rs 2 per litre while the prices of diesel and kerosene have been increased by Rs 9 per litre. Similarly, NOC has increased the price of aviation turbine fuel (ATF) for domestic flights by Rs 5 per litre. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC said in a statement that the price of ATF for international flights and cooking gas (LPG) remains unchanged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">With the latest price hike, petrol will now cost Rs 181 per litre while diesel and kerosene will cost Rs 172 per litre. Similarly, the new price of ATF for domestic flights has been fixed at Rs 190 per litre.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">NOC insisted that the prices of petroleum products were revised after receiving a new price list with increment from Indian Oil Corporation (IOC). </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, NOC had revised the price of petroleum products on June 25 when in slashed the price of petrol by Rs 20 per litre.</span><br /> <br /> <br /> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-05', 'modified' => '2022-07-05', 'keywords' => '', 'description' => '', 'sortorder' => '15301', 'image' => '20220705113541_Petrol-Price-Increase.jpg', 'article_date' => '2022-07-05 11:34:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15557', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Appeal NRB to Address their Problems through Monetary Policy', 'sub_title' => '', 'summary' => 'July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Hotel Association of Pokhara has urged the Nepal Rastra Bank to bring in a special relief programme to support the tourism business that has been reviving from the impact of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During an interaction programme held in Pokhara on Saturday by the association to provide suggestions to NRB for the new monetary policy, Lakshman Subedi, president of the association, presented written suggestions and demands on behalf of the association to Governor- Maha Prasad Adhikari.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Subedi said he was optimistic that the monetary policy would cover the issues although the budget presented in May failed to address the tourism sector's problems. He informed that 30 per cent of businesses and a large number of employees and workers related to tourism had gave up their profession because of Covid-19.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The financial situation in the hotel and tourism industry has not yet been smooth and the association has asked the NRB to make separate arrangements for payment of interest for the next two years and a waiver of fines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the association has also asked for additional loans for hotels without any collateral at low-interest rates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The hotel industry has also demanded for cash back facility, he said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association has also recommended that the limit on access to loans be raised from Rs 20 million to Rs 50 million and the private sector should monitor that such a loan facility is accessible to all hotels.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The association also demanded that the three per cent service fee charged by banks on credit card use should be reduced to one per cent. Likewise, they added that banks should accept Indian notes of Rs 500 and two thousand denominations along with any currency of all SAARC nations.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15300', 'image' => '20220704040137_Tourism pokhara.jpg', 'article_date' => '2022-07-04 16:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15556', 'article_category_id' => '1', 'title' => 'Government Preparing to Fix Minimum Price of Land after Classification', 'sub_title' => '', 'summary' => 'July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. ', '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"">July 4: Land Revenue Offices are preparing to implement the minimum valuation of land according to the classification of land in line with the newly introduced Land Use Regulation. In the past, the classification of land used to be done on the basis of the condition of road and soil, their weakness etc. But now, the minimum valuation will be done in a new way according to the nature of the land.</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 Land Revenue Office, Panchthar is preparing to implement the minimum valuation by categorizing the land into agricultural, non-agricultural, commercial, housing and industry. Accordingly, the most expensive land will be the land in commercial area. Then, the land for the residential area will be the second most expensive. Based on the same, housing and commercial land seems to be 100 percent more expensive than the agricultural land.</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"">In the districts where there is no industrial zone, preparations have been made to make the land of industrial zone cheaper than the agricultural land. Chief of the Land Revenue Office, Panchthar, Baburam Pokharel said that they are preparing to implement the land rate as per the minimum valuation after classification of land.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“This is not the final decision. We are planning to implement the minimum rate after taking the opinion of the experts and making some modifications. Even in the past, minimum valuation was prepared in coordination with the local level. And now as well, the minimum valuation will be prepared based on the opinions and suggestions presented by the local level,” said Pokharel.</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 new valuation after the classification of land shows that the valuation of land in residential area will be twice as expensive as the cultivable land. Preparations are being made to classify the areas where business is done by renting shutters and evaluate the land as the most expensive ones. Land in residential areas that cannot be rented out but can be built as a house will be the most expensive. As complete classification of land is not possible now, classified land in non-agricultural sector will be the third most expensive.</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 Land Revenue Office, Panchthar is preparing to make the valuation of land in the industrial zone cheaper than the agricultural sector as the land allotted for the new industrial zone will not be suitable for agricultural work. According to Pokharel, land in industrial areas can be more expensive than agricultural areas in areas where industrial areas have already been built.</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 government has given the right to implement land use maps to the local level by classifying the land, the local levels are confused about how to proceed with this work. Experts say that local level representatives and staff, who do not know how to view the land use map, are skeptical about the timely implementation of the map.</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 local level cannot classify the land alone. Therefore, Pokharel suggests experts should provide technical assistance to them and classify the land. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15299', 'image' => '20220704034125_photo-1628158088936-68ccaaa400dc.jpg', 'article_date' => '2022-07-04 15:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15558', 'article_category_id' => '1', 'title' => 'Labor Minister Pledges to Evaluate Contribution of Workers', 'sub_title' => '', 'summary' => 'July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: Minister for Labor, Employment and Social Security, Sher Bahadur Kunwar has pledged to properly evaluate the contribution of the workers. Speaking at a briefing on the Social Security Fund and the occupational security of workers at the ministry on Sunday, Minister Kunwar expressed his commitment to work with due respect to all workers in the country and abroad.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Kunwar said that trade unions and sister organizations of political parties should work for the protection of workers' rights and interests in a disciplined manner. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“I will also work to ensure justice for the workers. So let's work for the welfare of workers in a peaceful way rather than shutting down, protesting and locking up the factories,” said the newly-appointed minister.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Minister Kunwar informed that the remittances sent by the youths from abroad has been helping the country’s foreign exchange reserves and that their contribution should be properly evaluated. He added that he would take initiative to amend the troublesome provisions in the law to make the working environment easier for the workers.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, he urged the concerned department take into considering the problems of the workers not only in the Gulf countries but also in India. Executive Director of the Social Security Fund, Kapil Mani Gyawali informed about the work done and the achievements made so far as well as the work that can be done in the coming days. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Director General of the Department of Labor and Occupational Safety Umakanta Acharya provided information about the department. Kunwar has been briefing various departments under the ministry since he was appointed as the labor minister.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15298', 'image' => '20220704041541_1656886952.Clipboard16.jpg', 'article_date' => '2022-07-04 16:14:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15555', 'article_category_id' => '1', 'title' => 'PM Deuba Reshuffles Cabinet', 'sub_title' => '', 'summary' => 'July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">July 4: Prime Minister Sher Bahadur Deuba has reshuffled the Council of Ministers. Upon his recommendation, President Bidya Devi Bhandari has made changes to the existing Council of Ministers in accordance with Article 76 (9) and Article 78 (1) of the Constitution of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Accordingly, Mrigendra Kumar Singh Yadav has been appointed the Minister for Agriculture and Livestock Development, Mohammad Ishtiyak Rai as the Minister for Physical Infrastructure and Transport and Pradip Yadav as the Minister for Forests and Environment. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The new ministers were appointed after Janata Samajbadi Party Nepal recalled three ministers who were representing the party in the Council of Ministers and recommended the new ministers in their place. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">Before the cabinet reshuffle, Renu Yadav was the Minister for Physical Infrastructure and Transport, Ram Sahaya Yadav was the Minister for Forests and Environment and Mahindra Raya Yadav was the Minister for Agriculture and Livestock Development. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:18.0pt">The newly-appointed ministers are scheduled to take oath of office and secrecy today afternoon itself. President Bhandari had made changes to the existing Council of Ministers on June 26 before this. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15297', 'image' => '20220704032155_Deuba.jpg', 'article_date' => '2022-07-04 15:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15554', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Declines in Last Two Months', 'sub_title' => '', 'summary' => 'July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 4: The arrival of tourists, which was steadily rising since the beginning of 2022, has declined in the last two months. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The arrival of tourists was highest in April this year but has declined in May and June.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the Nepal Tourism Board (NTB), a total of 58,348 tourists visited Nepal in April through the air route. However, the arrival of tourists in May was recorded to be 53,608 while there was a further slump in arrival of tourists in June with just 46,957 tourists visiting Nepal during the review month.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tourism entrepreneurs say that the arrival of tourists was not discouraging in May and June. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Senior Vice President of the Hotel Association of Nepal Binayak Shah said that the arrival of tourists in May and June was encouraging. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is believed that mostly Indian tourists arrive in Nepal during these two months compared to tourists from other countries and therefore the number seems to have declined as the record does not include Indian tourists arriving from across the border using roadways.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the board, air arrival of tourists in the first six months of 2022 stood at 237,660. Despite the recent slump in arrival of tourists with the onset of monsoon, the tourism sector is starting to claw back to the pre-pandemic situation of 2019.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">March and April are considered as tourist season as the period is ideal for trekking and mountain expedition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shah further said that travel agencies have been inquiring and seeking quotations for the upcoming season. However, Shah stated that they are not able to provide services at the prices of the pre-pandemic period due to price hike and high operating cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NTB, arrival of Indian tourists was highest in June. The board informed that 23,248 tourists from India visited Nepal in June. At present, Nepal has been receiving highest number of tourists from SAARC countries including India, Bangaldesh, Bhutan, Pakistan and Sri Lanka. A total of 26,030 tourists visited Nepal from these countries during the review month. The arrival of tourists from these countries in June 2019 was 24,557.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">American tourists are second in the list with 8,980 visiting Nepal in June. Likewise, 4,787 tourists from 17 different European countries visited Nepal during this period. Similarly, Nepal welcomed 2,369 tourists from Asian countries including China, Japan, Thailand, Malaysia, Singapore and Myanmar.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15296', 'image' => '20220704124518_tournba.jpg', 'article_date' => '2022-07-04 12:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15553', 'article_category_id' => '1', 'title' => 'Government Bans Advertisement Capable of Disorienting the Public ', 'sub_title' => '', 'summary' => 'July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> <span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The advertisement code of conduct issued by the government on Sunday bans the advertisement capable of disorienting public/onlookers and causing road accidents. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code doesn't entertain the placing of hoarding boards, pamphlet, poster and other advertising materials that are likely to distract or divert the attention of passersby and disorient them in urban areas and the areas surroundings the highways. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct relating to the production, dissemination, publication and broadcasting of advertisement does not allow the bright advertising materials or those capable of affecting road transport at night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, advertisement materials capable of damaging the beauty of public structures and the street have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It does not even allow the dissemination of foreign advertisement materials by dubbing in Nepali language. The code states that aspects of gender equality and social justice should be promoted while carrying out any direct and indirect advertisement-related activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has banned the sexualisation and objectification of women and presenting them as a means of entertainment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code has not allowed the production of advertisement capable of hurting the dignity of Dalits, indigenous, ethnic communities, Madhesi, Muslims, senior citizens, persons with disabilities, sexual minorities or a group or community of any geography or a region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It aims to prevent the production of programmes, electronic games or films likely to create terror, threat or fear among children and insulting and hurting their dignity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the advertisement of any medicine claiming to cure multiple health issues, advertisement of those drugs not registered medically and advertisement containing scientifically unverified details are also not allowed. Similarly, the advertisements of medically unverified substances claiming to increase height or weight or reducing weight have also been banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct states that advertisements should not be given without including warning messages about beverages and drinks produced with various colours and artificial tastes. It also prohibits advertisements prompting or alluring the use of any foodstuff calling it micronutrient and energizer without the recommendation of nutritionists and dieticians. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct mentions that the persons concerned should immediately remove or improve on the hoarding boards or message boards that are torn, broken or discoloured affecting the urban and local beauty. Similarly, hoarding boards should not be installed so as to cause inconvenience for the movement of people on the pavement and at the religious and archaeological heritage sites by blocking the sight and uniqueness of such sites. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct provides for placing advertisement materials of the stipulated size and quality only in the permitted places. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The code of conduct which has come into effect from July 3 contains 13 sections. This is the first time that such a code has been introduced in the country. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15295', 'image' => '20220704111914_1656855046.jpg', 'article_date' => '2022-07-04 11:18:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15552', 'article_category_id' => '1', 'title' => 'Advertisement Board Issues Code of Conduct', 'sub_title' => '', 'summary' => 'July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 4: The Advertisement Board of Nepal has issued a code of conduct related to production, distribution, publication and broadcasting of advertisement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Information and Communication Gyanendra Bahadur Karki unveiled the code of conduct amid a function on Sunday and instructed the board to implement the code within a week.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Once the code is implemented, any company interested in advertising its product on social media like Facebook, Twitter, Youtube among others need to take permission from the board to do so.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the code has been introduced to ensure healthy competition among advertisers and to maintain the reputation of the advertising sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The minister expressed his view that this new initiative cannot be termed historic and successful unless the code is implemented properly. He said that the code was introduced after consulting with all stakeholders and expressed his belief that it will end the unhealthy competition seen in the advertising sector. He also expressed his commitment to remove any hurdles in implementing the code.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">He said that the problems faced by the country has nothing to do with the policy but it is due to the lack of implementation.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“All the developed countries have advanced because they have given first priority to discipline,” said the minister.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">While releasing the 38-page code, Minister Karki said that our country too can become beautiful and advanced if we give priority to independence and discipline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, President of the Federation of Nepalese Journalists (FNJ) Bipul Pokharel said that the code has been introduced with the objective of ending unhealthy competition in the advertisement sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of the Advertisement Board of Nepal Laxman Humagain said the code has been formulated with the objective of holding all stakeholders accountable. He added that the board held several rounds of discussions with advertising agencies, media professionals and journalists' associations in course of drafting the code of conduct. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at the programme, Chairman of New Business Age Private Limited Madan Lamsal, who is also the editor-in-chief if New Business Age and Aarthik Abhiyan Daily raised the issue regarding the number of media houses the country should have and how to differentiate party activists in those media houses.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-07-04', 'modified' => '2022-07-04', 'keywords' => '', 'description' => '', 'sortorder' => '15294', 'image' => '20220704111049_03।19_1656855015.jpg', 'article_date' => '2022-07-04 11:09:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15551', 'article_category_id' => '1', 'title' => 'Over 200,000 Foreign Tourists Visit Nepal in Six Months', 'sub_title' => '', 'summary' => 'July 3: A total of 237,813 foreign tourists visited Nepal in the last six months.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">July 3: A total of 237,813 foreign tourists visited Nepal in the last six months. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the statistics shared by Nepal Tourism Board, a total of 46,900 tourists came in Nepal via air route in the month of June alone. It is a 69.3 per cent recovery in comparison to the arrival of foreign tourists in June 2019. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In May this year, 53,608 tourists entered Nepal, the Board said, adding last April recorded arrival of over 50,000 tourists. Similarly, over 42,000 tourists arrived in Nepal in March while February saw arrival of around 20,000 foreign visitors. Similarly, arrival of 17,000 tourists was recorded in January this year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The influx of foreign tourists has been improving since the beginning of this year. Tourism sector was one of the hardest hit sectors in Nepal by COVID-19 pandemic. The sector remained affected by the pandemic for over two years – 2020 and 2021 and is still yet to fully recover. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Among the foreign tourists arriving in Nepal this year, Indian nationals stand atop the list followed by American. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => 'tourists, arrival, visit, Nepal, pandemic, Covid-19', 'description' => '', 'sortorder' => '15293', 'image' => '20220703084909_Tourist.jpg', 'article_date' => '2022-07-03 20:47:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15550', 'article_category_id' => '1', 'title' => 'Turkish Airlines Bags 2022 Sustainability Award from World Finance', 'sub_title' => '', 'summary' => 'July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">July 3: Turkish Airlines has bagged the 2022 Sustainability Award in Most Sustainable Flag Carrier Airline category during the awards ceremony organized by World Finance, one of the leading organizations in international finance world. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Turkish flag carrier said in a statement that it received the award due to its adherence to the principles like commitment to gender equality, launching projects for decreasing emissions and fuel usage in order to combat climate change, active biofuel usage, support for R&D projects, flexibility and the commendable financial performance during the pandemic period.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Receiving the award, Chairman of Turkish Airlines Prof Dr Ahmet Bolat said sustainability is one of their focus points of growth strategy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Our operation centers designed with the needs of the future, our young and modern fleet and our colleagues who are experts in their fields, are the key in lessening our environmental impact in our growth journey. Recognition by World Finance with an award shows us that our steps taken in scope of our sustainable operations are in the right direction. As Turkish Airlines family, we will continue to focus on the future of our world,” the statement quoted Bolat as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Turkish Airlines was established in 1933 with a fleet of five aircraft, the statement added. According to the company, it now has a fleet of 377 (passenger and cargo) aircraft flying to 340 worldwide destinations including 287 international and 53 domestic, in 129 countries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Accepted as an important reference point by world’s finance and business circles, World Finance Sustainability Awards are given to organizations that offer the best application examples in three areas of sustainability which are environmental, financial and social. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-07-03', 'modified' => '2022-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '15292', 'image' => '20220703065353_AW_Ryan-Scottini-1-1-1024x683.jpg', 'article_date' => '2022-07-03 18:53:01', '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
