March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum…
March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum…
March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA).…
March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19…
March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal.…
March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as…
March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati…
March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March…
March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment.…
March 8: The price of almost all items has been skyrocketing in the market in recent…
March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February…
March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the…
March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal.…
March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic…
March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi…
March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door…
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He said that the committee has directed the government to control the price hike and to make petroleum products easily available for the general public.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The committee has concluded that the consumers need to have easy access to petroleum products and the demands of Nepal Oil Corporation should also be addressed,” said chairperson Shreevastav, adding, “The committee has directed the concerned authorities to make fuel easily accessible to the people.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The house panel has concluded that the government must focus on controlling the price hike.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petroleum products have reached an all-time high in Nepal after the Nepal Oil Corporation last week increased the fuel prices citing an increase in price of oil in the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petrol is currently Rs 150 per litre. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14645', 'image' => '20220310104720_Petrol-Price-Increase.jpg', 'article_date' => '2022-03-10 10:46:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14902', 'article_category_id' => '1', 'title' => 'Labour Desk Removed from TIA for Causing Nuisance to Migrant Workers', 'sub_title' => '', 'summary' => 'March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). The ministry decided to remove the desk following complaints that the officials deputed to the desk were creating unnecessary hassles for the Nepali migrant workers heading towards foreign countries for employment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Labour, Employment and Social Security Krishna Kumar Shreshta instructed the removal of the desk following complaints from the public. Minister Shrestha argued that the desk was not needed because there is already an online information system in practice.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The labourers were complaining that the desk had been causing unnecessary trouble in the name of verifying the labour permit issued by the ministry itself. Minister Shrestha also expressed his commitment to resolve other problems faced by the migrant workers at the airport.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, the migrant workers had to enter the airport from a separate entry point set up specifically for the labourers. Now, they can enter the airport from any entry point.</span></span></p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14644', 'image' => '20220310103122_20211202020506_2009-03_Kathmandu_10.jpg', 'article_date' => '2022-03-10 10:30:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14900', 'article_category_id' => '1', 'title' => 'Tourist Arrival in Nepal Starts Improving', 'sub_title' => '', 'summary' => 'March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases. The number of tourists visiting Nepal in January and February of 2022 has more than doubled compared to the corresponding period of 2021. According to the Nepal Tourism Board, 36,741 tourists have visited Nepal in the first two months of 2022, compared to 18,020 tourists in the same period last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Altogether 19,766 tourists visited Nepal in February. This is more than double the figure of 2021. In February last year, 9,146 tourists had visited Nepal. Similarly, 16,975 tourists visited Nepal in January. In the same month last year, 8,874 tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the Covid-19 cases continue to decline, the tourism sector is returning to normalcy. Dhananjay Regmi, CEO of NTB, said that the number of tourists has been increasing in recent months. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the country needs to focus on tourism promotion programs targeting Indian tourissts and border areas rather than Europe and USA to increase the number of tourist.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regmi said that the board is preparing to run the 'Tourism Mart' by inviting journalists, businessmen and others from different cities of India. Accordingly, programs will be organized on March 10, 11, and 12 in Nepalgunj and on March 25, 26, and 27 in Dharan. According to the board, such programs will be held in Dhangadhi in April and Bhairahawa in May to promote tourism in the areas that share border with India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We are especially targeting major Indian cities within 200 km of the Nepal-India border," said Regmi. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that Nepal's tourism would also be promoted in China through digital media. Tourism promotion and marketing would be done in physical form in other countries, he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Binayak Shah, Senior Vice President of the Hotel Association of Nepal (HAN), said that the global tourism market would be competitive in the face of the declining Covid-19 cases. "Tourists still have to deal with PCR reports and quarantine when they come to Nepal," Shah said. "Unless there is a policy reform, tourist arrivals will be affected,” he added"</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that the entrepreneurs are creating new products and strategies in their way, he said that not only the entrepreneurs but also the government should formally invite tourists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Nepal is still in the 'red zone', Shah said, "The government should take initiative to remove it. It is necessary to formulate a clear line of action through coordination between the government and the business community." He stressed the need to bring a big program to help attract more tourists as they are interested in visiting Nepal and the number of bookings is also increasing. According to the board, 150,962 tourists had visited Nepal from different countries in 2021.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14643', 'image' => '20220309044358_Tourist.jpg', 'article_date' => '2022-03-09 16:43:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14899', 'article_category_id' => '1', 'title' => 'Dollar Rate Reaches All-Time High in Nepal ', 'sub_title' => '', 'summary' => 'March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. Prior to this, the highest rate of US dollar in Nepal (selling price) was Rs 123.28 on April 17, 2020. On March 8, 2022, the selling price of US dollar surpassed that mark to reach Rs 123.44. According to Nepal Rastra Bank, this is the all-time high price of US dollar. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A large proportion of Nepal’s foreign trade is with India. As Nepal’s currency is pegged to India, it has a direct effect on Nepali rupee as the dollar depreciates in India. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the dollar’s rate increases, exports, tourism revenue and remittances increase. However, exports of goods from Nepal are low and the number of tourists has been declining in Nepal for the last two years due to Covid-19. Nepalis, who have gone for foreign employment are also sending less remittances recently. Former executive director of Nepal Rastra Bank Nara Bahadur Thapa said that this will create pressure on foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Thapa, the budget deficit will increase due to the rise in the value of the dollar. “From Nepal's perspective, an increase in the rate of dollar will have a direct impact on the economy. This will increase the budget deficit as the interest on loans paid by the state will also increase,” said Thapa. As the dollar increases, the balance of payments and trade deficit also increase. According to Thapa, the cheaper the dollar, the better it will be for development works and to buy imported goods. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The raw materials used in Nepal's exports have to be imported in dollars from abroad. It is certain that the price of raw materials imported from abroad will increase now. However, the increase in value of dollar does not necessarily increase the price of imported goods all of a sudden.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Thapa said that the price hike would not have any immediate effect as the traders would now sell the goods they had bought before the rise in the rate of dollar. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14642', 'image' => '20220309021621_dolar.jpg', 'article_date' => '2022-03-09 14:14:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14898', 'article_category_id' => '1', 'title' => 'Government to Ensure Smooth Supply of Goods from China: Foreign Minister ', 'sub_title' => '', 'summary' => 'March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible. Foreign Minister Dr Narayan Khadka said before his Turkey visit that diplomatic initiatives are being taken with the Chinese side to increase the number of cargo vehicles into the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Minister Khadka, the government has repeatedly urged Beijing to find a solution to the problem, as trade with China has not been able to operate smoothly and the country has suffered financially while exports have been hampered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Minister Khadka said he had requested during telephone talks with his Chinese counterpart Wang Yi and other Chinese officials and the Chinese Ambassador to Nepal for effective operation of the trade gateway. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a press conference organized on Monday for the first time since his assumption of office six months ago, Minister Khadka expressed confidence that China would accept Nepal's request and resolve the issue at the trade and transit point. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stating that there were some problems with major trade ports with China due to the COVID-19 pandemic and China responded positively to solve them, he said, "Direct contacts have been established between the local authorities of the two countries for smooth communication and coordination at the procedural level of import and export." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Khadka said that he had requested the Chinese side at all high-level meetings to assist in the supply of food in the border areas including Gorkha and to create an environment for Nepali students to return to China. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The press conference was organized on the eve of his visit to Turkey leading a Nepali delegation to attend the Antalya Diplomacy Forum to be held in Antalya of Turkey from 11-13 March.</span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14641', 'image' => '20220309105634_Tatopani.jpg', 'article_date' => '2022-03-09 10:55:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14897', 'article_category_id' => '1', 'title' => 'Rs 40 Million Allocated for Protection of Melamchi Flood-Ravaged Areas ', 'sub_title' => '', 'summary' => 'March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry has approved 31 plans with a budget of Rs 4 million in the first phase under the Soil and Watershed Conservation Programme. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Though the ministry has appropriated budget for 31 plans from Panchpokhari, Helambu to Dhandkhola, the provincial government is yet to release Rs 70 million required for the implementation of the plans. According to the province assembly member Yubaraj Dulal, the provincial government will approve and implement the plans within the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The provincial government allocated the budget for the conservation of the flood-ravaged areas on the initiative of province assembly member Dulal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The massive flooding that occurred in the Melamchi and Indrawati Rivers nine months ago had ravaged human settlements in Sindhupalchowk district. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14640', 'image' => '20220309104003_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2022-03-09 10:39:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14901', 'article_category_id' => '1', 'title' => 'Gold Price Hits All-Time High of Rs 105,500 per Tola ', 'sub_title' => '', 'summary' => 'March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9). </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"">According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 2,500 per tola compared to the previous trading day. On Tuesday, the precious yellow metal was traded at Rs 103,000 per tola.</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 price of silver also increased by Rs 40 per tola to reach Rs 1450, according to the website of the federation. </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"">Gold is being traded at approximately US$ 2,050 per ounce in the international market on Wednesday. </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 last time when the price of gold crossed the mark of Rs 100,000 per tola in Nepal was during the outbreak of Covid-19.</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"">It is believed that the Russian invasion of Ukraine has led to the skyrocketing price of gold as investors find the precious yellow metal a safe bet during current crisis when the global food prices have been rising and stock markets have been tumbling because of the war. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14639', 'image' => '20220309060734_20220307082414_gold1_1631507545558.jpg', 'article_date' => '2022-03-09 18:06:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14896', 'article_category_id' => '1', 'title' => 'Steel Industry Getting more Investment', 'sub_title' => '', 'summary' => 'March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. A total of Rs 8.44 billion is being invested in a new steel industry and four such industries that are currently operational.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After the government introduced zero tariff on import of sponge iron through the replacement bill, the investment will be added to the production of iron rods and construction materials in the current fiscal year (FY 2078/79). A new steel industry, Sarvottam Steels is opening soon and will produce billets and other materials, while four existing industries are adding huge investments.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Department of Industry, Kathmandu Steels, Swastik Rolling Mills, Premier Steel and Hulas Wire have taken permission to import sponge iron and increase investment in billet production. The department has given approval for the investment as well. These industries have been allowed to produce billets by importing raw materials like sponge iron, said Khagendra Bahadur Basnet, director of the department.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that there is an increase in the number of people seeking permission for investment and capacity expansion to produce billets during this period. According to the department, the new industry Sarvottam Steels is about to be established with the highest investment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Saurav Group is all set to operate the industry, which has already received approval for environmental impact assessment, with an investment of Rs 3.27 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The steel industry is about to be established on 15 bighas of land owned by the company in Maniyari of Birgunj Metropolitan City. The industry has been registered with the Department of Industry, with a proposal to produce 441,000 metric tons annually.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will give employment opportunity to 537 people. Among them, 200 will get employment during the construction of the industry and the rest will get employment during the operation phase of the industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will have open area, green garden, two open water storage tanks, storage area, vehicle parking lot. Two induction furnaces of 30 metric tons will be set up in the industry for the production of iron products. The company informed that the industry needs 2.5 MW of electricity for the production of steel products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Most of the industries licensed by the department are located in Sunsari district. Apart from Kathmandu Steels of Nawalparasi and Sarvottam of Parsa, three other industries are located in Sunsari district. According to the department, Swastik Rolling imported sponge iron and invested an additional Rs. 1.93 billion investment for production of billet and other products amounting to 0.13 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Kathmandu Steels has set an annual production target of 0.177 million metric tons of billet and iron products and has already acquired permission for investment of Rs 1.39 billion. Also, Premier Steel has set an annual production target of 0.80 million metric tons and has also acquired permission for investment of Rs 1.14 billion from the department. In addition, Hulas Wire has set an annual production target of 0.112 million metric tons and is aiming to add Rs 670 million new investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data provided by the department, 31 iron rods and steel industries are in operation in the country as of 2078 BS. However, only 6 of these industries have been producing billets in the country using sponge iron and scrub. According to the department, the total annual capacity of the existing industry is about 3.6 million metric tons and the annual demand is about 1.2 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal is self-sufficient in producing iron rods and iron-based construction materials. The government has recently reduced the customs duty on import of sponge iron to zero with the motive of producing billets in the country. It is also likely that there will be enough raw material in the country after the operation of Dhaubadi iron mine.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14638', 'image' => '20220308065922_1646715425.spanj_iron.jpg', 'article_date' => '2022-03-08 18:58:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14895', 'article_category_id' => '1', 'title' => 'Prices of Food Items Skyrocketing in the Market', 'sub_title' => '', 'summary' => 'March 8: The price of almost all items has been skyrocketing in the market in recent days.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: The price of almost all items has been skyrocketing in the market in recent days. The price of sunflower oil, which was Rs 230 per liter a month ago, has now reached Rs 280/290. The price of soybean oil has increased by Rs 30 to Rs 260 per liter. The price of rice has also gone up by Rs 200 per bag. Although the seasonal vegetables are affordable, other vegetables are out of financial reach for common people.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Srijana Dahal, a resident of Kirtipur’s Tyanglaphat says that she earlier used to manage food for her family of three with Rs 9000 to Rs 1000 per month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“But now, even Rs 12000/13000 is not enough to cover the expenses,” she said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Dahal added that it has become very difficult for her to make ends meet. She says the prices of vegetables, potatoes, onions and fruits have become too expensive. It is not jsut food items but other items including diapers have also become expensive. Dahal, who is dependent on her husband's salary, is now facing a struggle to even fulfill the needs of her kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Madan Dhodari of Chobhar, the prices of almost every food item including legumes, pulses, rice and flour have gone up by 10 to 25 percent in a single month. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Although his wife looks after the kitchen, he is the one who goes to buy things for the family. “Compared to the previous month, pulses, rice, flour, chickpeas and oil have become more expensive,” he said. Dhodari, who works for an NGO in Patan, said that he had to cut down not only on kitchen utensils but also on clothes, daily pocket expenses and other monthly expenses just to manage food for the kitchen. Using a motorcycle he owns as well as covering the education expenses of his two children have become a burden for him alongside the monthly rent he has to pay.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The story of Laxmi Sharma of Imadol is also similar. The Sharma couple is having a hard time running a family of seven even though two of them are struggling hard to make ends meet. “Prices of all commodities have gone up in the market. The prices are on the rise since the onset of Covid-19 pandemic,” said Sharma, expressing that the difficulty in making ends meet has not ended ever since. Sharma shared her experience of witnessing the rise in prices by 25 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Covid-19 pandemic has led to a steady rise in prices. In mid-February, the price of milk had also gone up. Since then, the prices of all dairy products have gone up. Even before the Russian invasion of Ukraine, the price of petroleum products had gone up and the traders were increasing the price of the goods as per their will, while making it difficult for common people to even manage goods for their kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Price of oil in the international market has risen sharply after Russia invaded Ukraine. As a result of the war, there has been an instant rise in prices of food which mostly come from Russia and Ukraine. Overall, prices of all commodities have increased also due to supply chain disruptions and rising transportation costs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the Ukrainian crisis showing no signs of abating, prices of crude oil and commodities, including wheat, soybeans, maize and sunflower seeds, are expected to rise further in the coming days. As a result, rising prices have made it more difficult for the general public to afford commodities required for the kitchen.</span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14637', 'image' => '20220308045737_1646715876.kitchen.jpg', 'article_date' => '2022-03-08 16:56:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14894', 'article_category_id' => '1', 'title' => 'Deposit Collection of Banks Starts Increasing', 'sub_title' => '', 'summary' => 'March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, deposits of commercial banks have increased by Rs 11 billion from February 26 to March 4. On the other hand, the credit flow of banks has increased by only Rs 5 billion during this period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, deposit collection had increased by Rs 2 billion until February 25, while the credit flow had increased by Rs 10 billion. As per the association, the total deposits of commercial banks have reached Rs 4.32 trillion. Similarly, credit flow of banks has also reached Rs 4.17 trillion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While banks have collected Rs 110 billion in deposits till mid-February this year, credit flow during this time has been Rs 434 billion. Compared to the increase in deposits, credit flow has been higher and most of the credit has gone to unproductive sectors including imports, leading to lack of liquidity in banks and financial institutions. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The central bank had tightened imports of luxurious goods as well as gold and silver after excessive imports affected the country’s balance of payments and foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, Nepal Rastra Bank is all set to circulate one-rupee coin from Wednesday. The central bank informed that visually impaired people can recognize this coin by feeling it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14636', 'image' => '20220308030453_Banks.jpg', 'article_date' => '2022-03-08 15:04:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14892', 'article_category_id' => '236', 'title' => 'PROTON X50 Spotted in Nepal', 'sub_title' => '', 'summary' => 'March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that Proton X50 is the newest addition from the Malaysian carmakers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the Proton X50 comes in four variants. The SUV is be powered by a 1.5-litre turbocharged three-cylinder, and a TGDi (Direct Injection) turbocharged three-cylinder petrol in the top flagship variant. The engines produce 150 PS of Maximum Power and 226 NM of torque with the TGDi engine upping the numbers to 130PS of power and 255 Nm of torque, the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 has a long list of features, including an Advanced Driver Assistance System (ADAS), which is only seen in a few premium manufacturers, the company claimed. The Proton X50 SUV, according to the manufacturer's website, includes best-in-class features such as 6 airbags, ABS with EBS and BA, Auto Headlights and Wipers, Keyless Entry (with active touch sensors on the front door handles), Push-Start, 360-Degree Camera, 8 Speakers, 8-inch Infotainment Screen, Autonomous Emergency Braking, Adaptive Cruise Control, Climate Control with Smart Air Purifier System, and Electrically Foldable seats. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 also comes with a useful Auto Park feature, a self-parking system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The X50 also holds a full 5-star crash test rating from ASEAN-NCAP,” the statement said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Jagdamba Motors has been selling PROTON since 2020 with variants such PROTON Saga in the entry level sedan segment and the luxurious PROTON X70 in the premium SUV segment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“PROTON has been able to create a huge impression in the market with their product as well as after sales services and the upcoming X50 will surely boost their presence in the Nepali market while other brands are struggling with stock and inventory in the present scenario,” added the statement. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14635', 'image' => '20220308120618_X50 2.jpeg', 'article_date' => '2022-03-08 12:05:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14891', 'article_category_id' => '266', 'title' => 'Dabur Nepal Launches Dabur Vatika Naturals Shampoo in Nepal', 'sub_title' => '', 'summary' => 'March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. The shampoo brand was unveiled by the company’s brand ambassador Swastima Khadka amidst a function organized at Hyatt Place, Kathmandu. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a statement on Monday (March 7), the company said its business head HS Bedi, marketing chief Abhaya Gorkhalee, and bran manager Salina Sharma were also present during the occasion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This launch marks the company’s foray into shampoo segment in strengthening its presence in the personal care space,” the statement said, adding Dabur Vatika Naturals Shampoo is available in three variants- Black Shine Shampoo for Shiny Black Hair, Thick & Long Shampoo for thick and long hair and Anti-Dandruff Shampoo for dandruff-free hair. </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 company, each variant is enriched with 10 chosen natural ingredients that solves specific hair problems thereby providing gentle cleansing and conditioning to the hair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The launch of Dabur Vatika Naturals Shampoo is a result of Dabur’s continued commitment to provide best natural hair care solutions to the consumers. Our range of shampoos is powered by 10 natural ingredients for their daily hair care needs,” the statement quoted HS Bedi, business head of Dabur Nepal, as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Dabur Nepal’s marketing head Abhaya Gorkhalee added that the launch of Dabur Vatika Naturals Shampoo is an outcome of the company’s continuous effort to give its consumers something new and exciting. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company said that Dabur Vatika Naturals Shampoo is available in 170ml, 330ml, and 650ml bottles at “an attractive price point”. It is also available in 7ml and 3.5ml sachets. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The 330ml SKU comes with a pump to give convenience to the consumers.” </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14634', 'image' => '20220308115609_Vatika-Shampoo-Launch-Event.jpg', 'article_date' => '2022-03-08 11:55:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14890', 'article_category_id' => '266', 'title' => 'Coca-Cola Nepal to Provide Training to 1000 Women Across its Value Chain', 'sub_title' => '', 'summary' => 'March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. Under this initiative, Coca-Cola’s distributors in Nepal has commenced the ‘Saksham’ training programme that intends to train 1000 women who have been running grocery stores and small eatery outlets across the value chain in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The campaign backs the theme of International Women’s Day 2022, which is "Gender Equality Today for a Sustainable Tomorrow" with an effort to make these women ‘capable’ to take their rightful place as equals in the economy, Coca-Cola said in a statement on March 7. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the program seeks to impart knowledge and training that will create a conducive environment for innovation and growth, ultimately leading to economic development of the nation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Thus, Saksham programme has been designed to build the capacity of the women retailers and small restaurant owners on financial literacy, hospitality, and sanitation management, and use of digital wallet,” the statement added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Awasthi, country director of Coca-Cola in Nepal, shared that the company believes that when a woman is empowered, the whole nation is empowered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“And it is really overwhelming to see the positive transformations we have been able to make in their lives through our previous training programs such as 5by20 and the STAR program. Now as we embark on a new program to support and empower 1000 female entrepreneurs of value chain, we hope to make a humble and impactful difference in their lives,” the statement quoted Awasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pradip Pandey, managing director of Bottlers Nepal Limited, shared that the programme focuses on fostering the capabilities of women entrepreneurs running grocery stores and small eatery outlets by enhancing their knowledge that helps to build confidence and provides access to opportunities in the modern world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Coca-Cola said it has taken various initiatives to empower women including the ambitious 5by20 programme announced in 2010 which aimed to enable the economic empowerment of 5 million female entrepreneurs across its value chain by 2020.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, Coca-Cola Nepal also successfully conducted the STAR (Shopkeeper Training and Resources) program to train 5,800 women during the past six years.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14633', 'image' => '20220308113919_Picture 1.jpg', 'article_date' => '2022-03-08 11:38:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14889', 'article_category_id' => '1', 'title' => 'NAC Gets Permission to Operate Flights to Saudi Arabia ', 'sub_title' => '', 'summary' => 'March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NAC's Executive Chairman Yubraj Adhikari, the General Authority of Civil Aviation of Saudi Arabia has provided approval to make two-way flights to three cities of Saudi Arabia including Riyadh, Dammam and Jeddah. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Executive Chairman Adhikari and other officials had recently visited Saudi Arabia for the approval of flights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said it plans to operate three flights a week from Kathmandu to Riyadh from next month in the first phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saudi Arabian government had given approval to the NAC for operating flights in 2002 and 2020 as well but it did not happen then due to lack of aircraft and poor management. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14632', 'image' => '20220308081744_NAC.jpg', 'article_date' => '2022-03-08 08:15:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14893', 'article_category_id' => '1', 'title' => 'Industrialists Demand One-Door System for Tax Payment', 'sub_title' => '', 'summary' => 'March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking at a program organized by the Revenue Advisory Committee in Biratnagar on Sunday to collect suggestions from the private sector for the formulation of revenue policy for the fiscal year 2079/2080 BS, the industrialists said that they are having trouble paying taxes to different governments through different systems. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Devaki Nandan Agrawal, coordinator of the revenue committee of the Federation of Nepalese Chambers of Commerce and Industry, Province 1, said that the local government was unnecessarily levying taxes on production and export and urged the concerned body to stop such extortion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Agrawal suggested that the federal government should define the tax rate at all local levels as the industrialists could not bear the hassle of paying taxes at the federal, state and local levels.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of Province 1 chapter of the Confederation of Nepalese Industries Bhim Ghimire said that they have been facing procedural hassles from the establishment of the industry to its operation and closure. He suggested that an investment-friendly environment could be created by simplifying the tax policy and ending the administrative hassles.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">General Secretary of the Chamber of Industries Morang, Anil Sharda said that there is a problem in the consumption of Nepali products when goods enter the market from the open border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking on the occasion, Chairman of the Revenue Advisory Committee, Mahesh Prasad Dahal, said that the role of the private sector is crucial to review the overall economy. Stating that the situation of conflict emerging in the world will affect Nepal as well, he said that only with the joint efforts of all can the economy be taken in the right direction. Joint Secretary at the Ministry of Finance Ramesh Kumar BC said that they would address the issues raised by the stakeholders in the upcoming budget.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14631', 'image' => '20220308122837_1646612763.Clipboard03.jpg', 'article_date' => '2022-03-08 12:27:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '14903', 'article_category_id' => '1', 'title' => 'House Panel Directs Government to Control Spiraling Fuel Price', 'sub_title' => '', 'summary' => 'March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A meeting of the lower house committee on Wednesday was focused on the issue of fuel price.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairperson of the committee Bimal Prasad Shreevastav drew the attention of all stakeholders that the government’s decision to raise the price of fuel had affecated the general public. He said that the committee has directed the government to control the price hike and to make petroleum products easily available for the general public.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The committee has concluded that the consumers need to have easy access to petroleum products and the demands of Nepal Oil Corporation should also be addressed,” said chairperson Shreevastav, adding, “The committee has directed the concerned authorities to make fuel easily accessible to the people.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The house panel has concluded that the government must focus on controlling the price hike.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petroleum products have reached an all-time high in Nepal after the Nepal Oil Corporation last week increased the fuel prices citing an increase in price of oil in the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petrol is currently Rs 150 per litre. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14645', 'image' => '20220310104720_Petrol-Price-Increase.jpg', 'article_date' => '2022-03-10 10:46:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14902', 'article_category_id' => '1', 'title' => 'Labour Desk Removed from TIA for Causing Nuisance to Migrant Workers', 'sub_title' => '', 'summary' => 'March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). The ministry decided to remove the desk following complaints that the officials deputed to the desk were creating unnecessary hassles for the Nepali migrant workers heading towards foreign countries for employment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Labour, Employment and Social Security Krishna Kumar Shreshta instructed the removal of the desk following complaints from the public. Minister Shrestha argued that the desk was not needed because there is already an online information system in practice.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The labourers were complaining that the desk had been causing unnecessary trouble in the name of verifying the labour permit issued by the ministry itself. Minister Shrestha also expressed his commitment to resolve other problems faced by the migrant workers at the airport.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, the migrant workers had to enter the airport from a separate entry point set up specifically for the labourers. Now, they can enter the airport from any entry point.</span></span></p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14644', 'image' => '20220310103122_20211202020506_2009-03_Kathmandu_10.jpg', 'article_date' => '2022-03-10 10:30:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14900', 'article_category_id' => '1', 'title' => 'Tourist Arrival in Nepal Starts Improving', 'sub_title' => '', 'summary' => 'March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases. The number of tourists visiting Nepal in January and February of 2022 has more than doubled compared to the corresponding period of 2021. According to the Nepal Tourism Board, 36,741 tourists have visited Nepal in the first two months of 2022, compared to 18,020 tourists in the same period last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Altogether 19,766 tourists visited Nepal in February. This is more than double the figure of 2021. In February last year, 9,146 tourists had visited Nepal. Similarly, 16,975 tourists visited Nepal in January. In the same month last year, 8,874 tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the Covid-19 cases continue to decline, the tourism sector is returning to normalcy. Dhananjay Regmi, CEO of NTB, said that the number of tourists has been increasing in recent months. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the country needs to focus on tourism promotion programs targeting Indian tourissts and border areas rather than Europe and USA to increase the number of tourist.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regmi said that the board is preparing to run the 'Tourism Mart' by inviting journalists, businessmen and others from different cities of India. Accordingly, programs will be organized on March 10, 11, and 12 in Nepalgunj and on March 25, 26, and 27 in Dharan. According to the board, such programs will be held in Dhangadhi in April and Bhairahawa in May to promote tourism in the areas that share border with India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We are especially targeting major Indian cities within 200 km of the Nepal-India border," said Regmi. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that Nepal's tourism would also be promoted in China through digital media. Tourism promotion and marketing would be done in physical form in other countries, he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Binayak Shah, Senior Vice President of the Hotel Association of Nepal (HAN), said that the global tourism market would be competitive in the face of the declining Covid-19 cases. "Tourists still have to deal with PCR reports and quarantine when they come to Nepal," Shah said. "Unless there is a policy reform, tourist arrivals will be affected,” he added"</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that the entrepreneurs are creating new products and strategies in their way, he said that not only the entrepreneurs but also the government should formally invite tourists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Nepal is still in the 'red zone', Shah said, "The government should take initiative to remove it. It is necessary to formulate a clear line of action through coordination between the government and the business community." He stressed the need to bring a big program to help attract more tourists as they are interested in visiting Nepal and the number of bookings is also increasing. According to the board, 150,962 tourists had visited Nepal from different countries in 2021.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14643', 'image' => '20220309044358_Tourist.jpg', 'article_date' => '2022-03-09 16:43:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14899', 'article_category_id' => '1', 'title' => 'Dollar Rate Reaches All-Time High in Nepal ', 'sub_title' => '', 'summary' => 'March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. Prior to this, the highest rate of US dollar in Nepal (selling price) was Rs 123.28 on April 17, 2020. On March 8, 2022, the selling price of US dollar surpassed that mark to reach Rs 123.44. According to Nepal Rastra Bank, this is the all-time high price of US dollar. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A large proportion of Nepal’s foreign trade is with India. As Nepal’s currency is pegged to India, it has a direct effect on Nepali rupee as the dollar depreciates in India. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the dollar’s rate increases, exports, tourism revenue and remittances increase. However, exports of goods from Nepal are low and the number of tourists has been declining in Nepal for the last two years due to Covid-19. Nepalis, who have gone for foreign employment are also sending less remittances recently. Former executive director of Nepal Rastra Bank Nara Bahadur Thapa said that this will create pressure on foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Thapa, the budget deficit will increase due to the rise in the value of the dollar. “From Nepal's perspective, an increase in the rate of dollar will have a direct impact on the economy. This will increase the budget deficit as the interest on loans paid by the state will also increase,” said Thapa. As the dollar increases, the balance of payments and trade deficit also increase. According to Thapa, the cheaper the dollar, the better it will be for development works and to buy imported goods. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The raw materials used in Nepal's exports have to be imported in dollars from abroad. It is certain that the price of raw materials imported from abroad will increase now. However, the increase in value of dollar does not necessarily increase the price of imported goods all of a sudden.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Thapa said that the price hike would not have any immediate effect as the traders would now sell the goods they had bought before the rise in the rate of dollar. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14642', 'image' => '20220309021621_dolar.jpg', 'article_date' => '2022-03-09 14:14:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14898', 'article_category_id' => '1', 'title' => 'Government to Ensure Smooth Supply of Goods from China: Foreign Minister ', 'sub_title' => '', 'summary' => 'March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible. Foreign Minister Dr Narayan Khadka said before his Turkey visit that diplomatic initiatives are being taken with the Chinese side to increase the number of cargo vehicles into the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Minister Khadka, the government has repeatedly urged Beijing to find a solution to the problem, as trade with China has not been able to operate smoothly and the country has suffered financially while exports have been hampered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Minister Khadka said he had requested during telephone talks with his Chinese counterpart Wang Yi and other Chinese officials and the Chinese Ambassador to Nepal for effective operation of the trade gateway. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a press conference organized on Monday for the first time since his assumption of office six months ago, Minister Khadka expressed confidence that China would accept Nepal's request and resolve the issue at the trade and transit point. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stating that there were some problems with major trade ports with China due to the COVID-19 pandemic and China responded positively to solve them, he said, "Direct contacts have been established between the local authorities of the two countries for smooth communication and coordination at the procedural level of import and export." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Khadka said that he had requested the Chinese side at all high-level meetings to assist in the supply of food in the border areas including Gorkha and to create an environment for Nepali students to return to China. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The press conference was organized on the eve of his visit to Turkey leading a Nepali delegation to attend the Antalya Diplomacy Forum to be held in Antalya of Turkey from 11-13 March.</span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14641', 'image' => '20220309105634_Tatopani.jpg', 'article_date' => '2022-03-09 10:55:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14897', 'article_category_id' => '1', 'title' => 'Rs 40 Million Allocated for Protection of Melamchi Flood-Ravaged Areas ', 'sub_title' => '', 'summary' => 'March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry has approved 31 plans with a budget of Rs 4 million in the first phase under the Soil and Watershed Conservation Programme. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Though the ministry has appropriated budget for 31 plans from Panchpokhari, Helambu to Dhandkhola, the provincial government is yet to release Rs 70 million required for the implementation of the plans. According to the province assembly member Yubaraj Dulal, the provincial government will approve and implement the plans within the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The provincial government allocated the budget for the conservation of the flood-ravaged areas on the initiative of province assembly member Dulal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The massive flooding that occurred in the Melamchi and Indrawati Rivers nine months ago had ravaged human settlements in Sindhupalchowk district. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14640', 'image' => '20220309104003_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2022-03-09 10:39:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14901', 'article_category_id' => '1', 'title' => 'Gold Price Hits All-Time High of Rs 105,500 per Tola ', 'sub_title' => '', 'summary' => 'March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9). </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"">According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 2,500 per tola compared to the previous trading day. On Tuesday, the precious yellow metal was traded at Rs 103,000 per tola.</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 price of silver also increased by Rs 40 per tola to reach Rs 1450, according to the website of the federation. </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"">Gold is being traded at approximately US$ 2,050 per ounce in the international market on Wednesday. </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 last time when the price of gold crossed the mark of Rs 100,000 per tola in Nepal was during the outbreak of Covid-19.</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"">It is believed that the Russian invasion of Ukraine has led to the skyrocketing price of gold as investors find the precious yellow metal a safe bet during current crisis when the global food prices have been rising and stock markets have been tumbling because of the war. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14639', 'image' => '20220309060734_20220307082414_gold1_1631507545558.jpg', 'article_date' => '2022-03-09 18:06:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14896', 'article_category_id' => '1', 'title' => 'Steel Industry Getting more Investment', 'sub_title' => '', 'summary' => 'March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. A total of Rs 8.44 billion is being invested in a new steel industry and four such industries that are currently operational.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After the government introduced zero tariff on import of sponge iron through the replacement bill, the investment will be added to the production of iron rods and construction materials in the current fiscal year (FY 2078/79). A new steel industry, Sarvottam Steels is opening soon and will produce billets and other materials, while four existing industries are adding huge investments.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Department of Industry, Kathmandu Steels, Swastik Rolling Mills, Premier Steel and Hulas Wire have taken permission to import sponge iron and increase investment in billet production. The department has given approval for the investment as well. These industries have been allowed to produce billets by importing raw materials like sponge iron, said Khagendra Bahadur Basnet, director of the department.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that there is an increase in the number of people seeking permission for investment and capacity expansion to produce billets during this period. According to the department, the new industry Sarvottam Steels is about to be established with the highest investment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Saurav Group is all set to operate the industry, which has already received approval for environmental impact assessment, with an investment of Rs 3.27 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The steel industry is about to be established on 15 bighas of land owned by the company in Maniyari of Birgunj Metropolitan City. The industry has been registered with the Department of Industry, with a proposal to produce 441,000 metric tons annually.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will give employment opportunity to 537 people. Among them, 200 will get employment during the construction of the industry and the rest will get employment during the operation phase of the industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will have open area, green garden, two open water storage tanks, storage area, vehicle parking lot. Two induction furnaces of 30 metric tons will be set up in the industry for the production of iron products. The company informed that the industry needs 2.5 MW of electricity for the production of steel products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Most of the industries licensed by the department are located in Sunsari district. Apart from Kathmandu Steels of Nawalparasi and Sarvottam of Parsa, three other industries are located in Sunsari district. According to the department, Swastik Rolling imported sponge iron and invested an additional Rs. 1.93 billion investment for production of billet and other products amounting to 0.13 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Kathmandu Steels has set an annual production target of 0.177 million metric tons of billet and iron products and has already acquired permission for investment of Rs 1.39 billion. Also, Premier Steel has set an annual production target of 0.80 million metric tons and has also acquired permission for investment of Rs 1.14 billion from the department. In addition, Hulas Wire has set an annual production target of 0.112 million metric tons and is aiming to add Rs 670 million new investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data provided by the department, 31 iron rods and steel industries are in operation in the country as of 2078 BS. However, only 6 of these industries have been producing billets in the country using sponge iron and scrub. According to the department, the total annual capacity of the existing industry is about 3.6 million metric tons and the annual demand is about 1.2 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal is self-sufficient in producing iron rods and iron-based construction materials. The government has recently reduced the customs duty on import of sponge iron to zero with the motive of producing billets in the country. It is also likely that there will be enough raw material in the country after the operation of Dhaubadi iron mine.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14638', 'image' => '20220308065922_1646715425.spanj_iron.jpg', 'article_date' => '2022-03-08 18:58:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14895', 'article_category_id' => '1', 'title' => 'Prices of Food Items Skyrocketing in the Market', 'sub_title' => '', 'summary' => 'March 8: The price of almost all items has been skyrocketing in the market in recent days.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: The price of almost all items has been skyrocketing in the market in recent days. The price of sunflower oil, which was Rs 230 per liter a month ago, has now reached Rs 280/290. The price of soybean oil has increased by Rs 30 to Rs 260 per liter. The price of rice has also gone up by Rs 200 per bag. Although the seasonal vegetables are affordable, other vegetables are out of financial reach for common people.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Srijana Dahal, a resident of Kirtipur’s Tyanglaphat says that she earlier used to manage food for her family of three with Rs 9000 to Rs 1000 per month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“But now, even Rs 12000/13000 is not enough to cover the expenses,” she said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Dahal added that it has become very difficult for her to make ends meet. She says the prices of vegetables, potatoes, onions and fruits have become too expensive. It is not jsut food items but other items including diapers have also become expensive. Dahal, who is dependent on her husband's salary, is now facing a struggle to even fulfill the needs of her kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Madan Dhodari of Chobhar, the prices of almost every food item including legumes, pulses, rice and flour have gone up by 10 to 25 percent in a single month. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Although his wife looks after the kitchen, he is the one who goes to buy things for the family. “Compared to the previous month, pulses, rice, flour, chickpeas and oil have become more expensive,” he said. Dhodari, who works for an NGO in Patan, said that he had to cut down not only on kitchen utensils but also on clothes, daily pocket expenses and other monthly expenses just to manage food for the kitchen. Using a motorcycle he owns as well as covering the education expenses of his two children have become a burden for him alongside the monthly rent he has to pay.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The story of Laxmi Sharma of Imadol is also similar. The Sharma couple is having a hard time running a family of seven even though two of them are struggling hard to make ends meet. “Prices of all commodities have gone up in the market. The prices are on the rise since the onset of Covid-19 pandemic,” said Sharma, expressing that the difficulty in making ends meet has not ended ever since. Sharma shared her experience of witnessing the rise in prices by 25 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Covid-19 pandemic has led to a steady rise in prices. In mid-February, the price of milk had also gone up. Since then, the prices of all dairy products have gone up. Even before the Russian invasion of Ukraine, the price of petroleum products had gone up and the traders were increasing the price of the goods as per their will, while making it difficult for common people to even manage goods for their kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Price of oil in the international market has risen sharply after Russia invaded Ukraine. As a result of the war, there has been an instant rise in prices of food which mostly come from Russia and Ukraine. Overall, prices of all commodities have increased also due to supply chain disruptions and rising transportation costs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the Ukrainian crisis showing no signs of abating, prices of crude oil and commodities, including wheat, soybeans, maize and sunflower seeds, are expected to rise further in the coming days. As a result, rising prices have made it more difficult for the general public to afford commodities required for the kitchen.</span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14637', 'image' => '20220308045737_1646715876.kitchen.jpg', 'article_date' => '2022-03-08 16:56:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14894', 'article_category_id' => '1', 'title' => 'Deposit Collection of Banks Starts Increasing', 'sub_title' => '', 'summary' => 'March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, deposits of commercial banks have increased by Rs 11 billion from February 26 to March 4. On the other hand, the credit flow of banks has increased by only Rs 5 billion during this period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, deposit collection had increased by Rs 2 billion until February 25, while the credit flow had increased by Rs 10 billion. As per the association, the total deposits of commercial banks have reached Rs 4.32 trillion. Similarly, credit flow of banks has also reached Rs 4.17 trillion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While banks have collected Rs 110 billion in deposits till mid-February this year, credit flow during this time has been Rs 434 billion. Compared to the increase in deposits, credit flow has been higher and most of the credit has gone to unproductive sectors including imports, leading to lack of liquidity in banks and financial institutions. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The central bank had tightened imports of luxurious goods as well as gold and silver after excessive imports affected the country’s balance of payments and foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, Nepal Rastra Bank is all set to circulate one-rupee coin from Wednesday. The central bank informed that visually impaired people can recognize this coin by feeling it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14636', 'image' => '20220308030453_Banks.jpg', 'article_date' => '2022-03-08 15:04:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14892', 'article_category_id' => '236', 'title' => 'PROTON X50 Spotted in Nepal', 'sub_title' => '', 'summary' => 'March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that Proton X50 is the newest addition from the Malaysian carmakers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the Proton X50 comes in four variants. The SUV is be powered by a 1.5-litre turbocharged three-cylinder, and a TGDi (Direct Injection) turbocharged three-cylinder petrol in the top flagship variant. The engines produce 150 PS of Maximum Power and 226 NM of torque with the TGDi engine upping the numbers to 130PS of power and 255 Nm of torque, the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 has a long list of features, including an Advanced Driver Assistance System (ADAS), which is only seen in a few premium manufacturers, the company claimed. The Proton X50 SUV, according to the manufacturer's website, includes best-in-class features such as 6 airbags, ABS with EBS and BA, Auto Headlights and Wipers, Keyless Entry (with active touch sensors on the front door handles), Push-Start, 360-Degree Camera, 8 Speakers, 8-inch Infotainment Screen, Autonomous Emergency Braking, Adaptive Cruise Control, Climate Control with Smart Air Purifier System, and Electrically Foldable seats. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 also comes with a useful Auto Park feature, a self-parking system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The X50 also holds a full 5-star crash test rating from ASEAN-NCAP,” the statement said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Jagdamba Motors has been selling PROTON since 2020 with variants such PROTON Saga in the entry level sedan segment and the luxurious PROTON X70 in the premium SUV segment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“PROTON has been able to create a huge impression in the market with their product as well as after sales services and the upcoming X50 will surely boost their presence in the Nepali market while other brands are struggling with stock and inventory in the present scenario,” added the statement. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14635', 'image' => '20220308120618_X50 2.jpeg', 'article_date' => '2022-03-08 12:05:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14891', 'article_category_id' => '266', 'title' => 'Dabur Nepal Launches Dabur Vatika Naturals Shampoo in Nepal', 'sub_title' => '', 'summary' => 'March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. The shampoo brand was unveiled by the company’s brand ambassador Swastima Khadka amidst a function organized at Hyatt Place, Kathmandu. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a statement on Monday (March 7), the company said its business head HS Bedi, marketing chief Abhaya Gorkhalee, and bran manager Salina Sharma were also present during the occasion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This launch marks the company’s foray into shampoo segment in strengthening its presence in the personal care space,” the statement said, adding Dabur Vatika Naturals Shampoo is available in three variants- Black Shine Shampoo for Shiny Black Hair, Thick & Long Shampoo for thick and long hair and Anti-Dandruff Shampoo for dandruff-free hair. </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 company, each variant is enriched with 10 chosen natural ingredients that solves specific hair problems thereby providing gentle cleansing and conditioning to the hair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The launch of Dabur Vatika Naturals Shampoo is a result of Dabur’s continued commitment to provide best natural hair care solutions to the consumers. Our range of shampoos is powered by 10 natural ingredients for their daily hair care needs,” the statement quoted HS Bedi, business head of Dabur Nepal, as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Dabur Nepal’s marketing head Abhaya Gorkhalee added that the launch of Dabur Vatika Naturals Shampoo is an outcome of the company’s continuous effort to give its consumers something new and exciting. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company said that Dabur Vatika Naturals Shampoo is available in 170ml, 330ml, and 650ml bottles at “an attractive price point”. It is also available in 7ml and 3.5ml sachets. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The 330ml SKU comes with a pump to give convenience to the consumers.” </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14634', 'image' => '20220308115609_Vatika-Shampoo-Launch-Event.jpg', 'article_date' => '2022-03-08 11:55:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14890', 'article_category_id' => '266', 'title' => 'Coca-Cola Nepal to Provide Training to 1000 Women Across its Value Chain', 'sub_title' => '', 'summary' => 'March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. Under this initiative, Coca-Cola’s distributors in Nepal has commenced the ‘Saksham’ training programme that intends to train 1000 women who have been running grocery stores and small eatery outlets across the value chain in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The campaign backs the theme of International Women’s Day 2022, which is "Gender Equality Today for a Sustainable Tomorrow" with an effort to make these women ‘capable’ to take their rightful place as equals in the economy, Coca-Cola said in a statement on March 7. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the program seeks to impart knowledge and training that will create a conducive environment for innovation and growth, ultimately leading to economic development of the nation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Thus, Saksham programme has been designed to build the capacity of the women retailers and small restaurant owners on financial literacy, hospitality, and sanitation management, and use of digital wallet,” the statement added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Awasthi, country director of Coca-Cola in Nepal, shared that the company believes that when a woman is empowered, the whole nation is empowered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“And it is really overwhelming to see the positive transformations we have been able to make in their lives through our previous training programs such as 5by20 and the STAR program. Now as we embark on a new program to support and empower 1000 female entrepreneurs of value chain, we hope to make a humble and impactful difference in their lives,” the statement quoted Awasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pradip Pandey, managing director of Bottlers Nepal Limited, shared that the programme focuses on fostering the capabilities of women entrepreneurs running grocery stores and small eatery outlets by enhancing their knowledge that helps to build confidence and provides access to opportunities in the modern world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Coca-Cola said it has taken various initiatives to empower women including the ambitious 5by20 programme announced in 2010 which aimed to enable the economic empowerment of 5 million female entrepreneurs across its value chain by 2020.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, Coca-Cola Nepal also successfully conducted the STAR (Shopkeeper Training and Resources) program to train 5,800 women during the past six years.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14633', 'image' => '20220308113919_Picture 1.jpg', 'article_date' => '2022-03-08 11:38:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14889', 'article_category_id' => '1', 'title' => 'NAC Gets Permission to Operate Flights to Saudi Arabia ', 'sub_title' => '', 'summary' => 'March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NAC's Executive Chairman Yubraj Adhikari, the General Authority of Civil Aviation of Saudi Arabia has provided approval to make two-way flights to three cities of Saudi Arabia including Riyadh, Dammam and Jeddah. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Executive Chairman Adhikari and other officials had recently visited Saudi Arabia for the approval of flights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said it plans to operate three flights a week from Kathmandu to Riyadh from next month in the first phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saudi Arabian government had given approval to the NAC for operating flights in 2002 and 2020 as well but it did not happen then due to lack of aircraft and poor management. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14632', 'image' => '20220308081744_NAC.jpg', 'article_date' => '2022-03-08 08:15:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14893', 'article_category_id' => '1', 'title' => 'Industrialists Demand One-Door System for Tax Payment', 'sub_title' => '', 'summary' => 'March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking at a program organized by the Revenue Advisory Committee in Biratnagar on Sunday to collect suggestions from the private sector for the formulation of revenue policy for the fiscal year 2079/2080 BS, the industrialists said that they are having trouble paying taxes to different governments through different systems. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Devaki Nandan Agrawal, coordinator of the revenue committee of the Federation of Nepalese Chambers of Commerce and Industry, Province 1, said that the local government was unnecessarily levying taxes on production and export and urged the concerned body to stop such extortion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Agrawal suggested that the federal government should define the tax rate at all local levels as the industrialists could not bear the hassle of paying taxes at the federal, state and local levels.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of Province 1 chapter of the Confederation of Nepalese Industries Bhim Ghimire said that they have been facing procedural hassles from the establishment of the industry to its operation and closure. He suggested that an investment-friendly environment could be created by simplifying the tax policy and ending the administrative hassles.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">General Secretary of the Chamber of Industries Morang, Anil Sharda said that there is a problem in the consumption of Nepali products when goods enter the market from the open border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking on the occasion, Chairman of the Revenue Advisory Committee, Mahesh Prasad Dahal, said that the role of the private sector is crucial to review the overall economy. Stating that the situation of conflict emerging in the world will affect Nepal as well, he said that only with the joint efforts of all can the economy be taken in the right direction. Joint Secretary at the Ministry of Finance Ramesh Kumar BC said that they would address the issues raised by the stakeholders in the upcoming budget.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14631', 'image' => '20220308122837_1646612763.Clipboard03.jpg', 'article_date' => '2022-03-08 12:27:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '14903', 'article_category_id' => '1', 'title' => 'House Panel Directs Government to Control Spiraling Fuel Price', 'sub_title' => '', 'summary' => 'March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A meeting of the lower house committee on Wednesday was focused on the issue of fuel price.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairperson of the committee Bimal Prasad Shreevastav drew the attention of all stakeholders that the government’s decision to raise the price of fuel had affecated the general public. He said that the committee has directed the government to control the price hike and to make petroleum products easily available for the general public.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The committee has concluded that the consumers need to have easy access to petroleum products and the demands of Nepal Oil Corporation should also be addressed,” said chairperson Shreevastav, adding, “The committee has directed the concerned authorities to make fuel easily accessible to the people.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The house panel has concluded that the government must focus on controlling the price hike.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petroleum products have reached an all-time high in Nepal after the Nepal Oil Corporation last week increased the fuel prices citing an increase in price of oil in the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petrol is currently Rs 150 per litre. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14645', 'image' => '20220310104720_Petrol-Price-Increase.jpg', 'article_date' => '2022-03-10 10:46:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14902', 'article_category_id' => '1', 'title' => 'Labour Desk Removed from TIA for Causing Nuisance to Migrant Workers', 'sub_title' => '', 'summary' => 'March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). The ministry decided to remove the desk following complaints that the officials deputed to the desk were creating unnecessary hassles for the Nepali migrant workers heading towards foreign countries for employment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Labour, Employment and Social Security Krishna Kumar Shreshta instructed the removal of the desk following complaints from the public. Minister Shrestha argued that the desk was not needed because there is already an online information system in practice.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The labourers were complaining that the desk had been causing unnecessary trouble in the name of verifying the labour permit issued by the ministry itself. Minister Shrestha also expressed his commitment to resolve other problems faced by the migrant workers at the airport.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, the migrant workers had to enter the airport from a separate entry point set up specifically for the labourers. Now, they can enter the airport from any entry point.</span></span></p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14644', 'image' => '20220310103122_20211202020506_2009-03_Kathmandu_10.jpg', 'article_date' => '2022-03-10 10:30:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14900', 'article_category_id' => '1', 'title' => 'Tourist Arrival in Nepal Starts Improving', 'sub_title' => '', 'summary' => 'March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases. The number of tourists visiting Nepal in January and February of 2022 has more than doubled compared to the corresponding period of 2021. According to the Nepal Tourism Board, 36,741 tourists have visited Nepal in the first two months of 2022, compared to 18,020 tourists in the same period last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Altogether 19,766 tourists visited Nepal in February. This is more than double the figure of 2021. In February last year, 9,146 tourists had visited Nepal. Similarly, 16,975 tourists visited Nepal in January. In the same month last year, 8,874 tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the Covid-19 cases continue to decline, the tourism sector is returning to normalcy. Dhananjay Regmi, CEO of NTB, said that the number of tourists has been increasing in recent months. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the country needs to focus on tourism promotion programs targeting Indian tourissts and border areas rather than Europe and USA to increase the number of tourist.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regmi said that the board is preparing to run the 'Tourism Mart' by inviting journalists, businessmen and others from different cities of India. Accordingly, programs will be organized on March 10, 11, and 12 in Nepalgunj and on March 25, 26, and 27 in Dharan. According to the board, such programs will be held in Dhangadhi in April and Bhairahawa in May to promote tourism in the areas that share border with India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We are especially targeting major Indian cities within 200 km of the Nepal-India border," said Regmi. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that Nepal's tourism would also be promoted in China through digital media. Tourism promotion and marketing would be done in physical form in other countries, he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Binayak Shah, Senior Vice President of the Hotel Association of Nepal (HAN), said that the global tourism market would be competitive in the face of the declining Covid-19 cases. "Tourists still have to deal with PCR reports and quarantine when they come to Nepal," Shah said. "Unless there is a policy reform, tourist arrivals will be affected,” he added"</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that the entrepreneurs are creating new products and strategies in their way, he said that not only the entrepreneurs but also the government should formally invite tourists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Nepal is still in the 'red zone', Shah said, "The government should take initiative to remove it. It is necessary to formulate a clear line of action through coordination between the government and the business community." He stressed the need to bring a big program to help attract more tourists as they are interested in visiting Nepal and the number of bookings is also increasing. According to the board, 150,962 tourists had visited Nepal from different countries in 2021.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14643', 'image' => '20220309044358_Tourist.jpg', 'article_date' => '2022-03-09 16:43:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14899', 'article_category_id' => '1', 'title' => 'Dollar Rate Reaches All-Time High in Nepal ', 'sub_title' => '', 'summary' => 'March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. Prior to this, the highest rate of US dollar in Nepal (selling price) was Rs 123.28 on April 17, 2020. On March 8, 2022, the selling price of US dollar surpassed that mark to reach Rs 123.44. According to Nepal Rastra Bank, this is the all-time high price of US dollar. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A large proportion of Nepal’s foreign trade is with India. As Nepal’s currency is pegged to India, it has a direct effect on Nepali rupee as the dollar depreciates in India. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the dollar’s rate increases, exports, tourism revenue and remittances increase. However, exports of goods from Nepal are low and the number of tourists has been declining in Nepal for the last two years due to Covid-19. Nepalis, who have gone for foreign employment are also sending less remittances recently. Former executive director of Nepal Rastra Bank Nara Bahadur Thapa said that this will create pressure on foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Thapa, the budget deficit will increase due to the rise in the value of the dollar. “From Nepal's perspective, an increase in the rate of dollar will have a direct impact on the economy. This will increase the budget deficit as the interest on loans paid by the state will also increase,” said Thapa. As the dollar increases, the balance of payments and trade deficit also increase. According to Thapa, the cheaper the dollar, the better it will be for development works and to buy imported goods. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The raw materials used in Nepal's exports have to be imported in dollars from abroad. It is certain that the price of raw materials imported from abroad will increase now. However, the increase in value of dollar does not necessarily increase the price of imported goods all of a sudden.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Thapa said that the price hike would not have any immediate effect as the traders would now sell the goods they had bought before the rise in the rate of dollar. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14642', 'image' => '20220309021621_dolar.jpg', 'article_date' => '2022-03-09 14:14:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14898', 'article_category_id' => '1', 'title' => 'Government to Ensure Smooth Supply of Goods from China: Foreign Minister ', 'sub_title' => '', 'summary' => 'March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible. Foreign Minister Dr Narayan Khadka said before his Turkey visit that diplomatic initiatives are being taken with the Chinese side to increase the number of cargo vehicles into the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Minister Khadka, the government has repeatedly urged Beijing to find a solution to the problem, as trade with China has not been able to operate smoothly and the country has suffered financially while exports have been hampered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Minister Khadka said he had requested during telephone talks with his Chinese counterpart Wang Yi and other Chinese officials and the Chinese Ambassador to Nepal for effective operation of the trade gateway. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a press conference organized on Monday for the first time since his assumption of office six months ago, Minister Khadka expressed confidence that China would accept Nepal's request and resolve the issue at the trade and transit point. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stating that there were some problems with major trade ports with China due to the COVID-19 pandemic and China responded positively to solve them, he said, "Direct contacts have been established between the local authorities of the two countries for smooth communication and coordination at the procedural level of import and export." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Khadka said that he had requested the Chinese side at all high-level meetings to assist in the supply of food in the border areas including Gorkha and to create an environment for Nepali students to return to China. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The press conference was organized on the eve of his visit to Turkey leading a Nepali delegation to attend the Antalya Diplomacy Forum to be held in Antalya of Turkey from 11-13 March.</span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14641', 'image' => '20220309105634_Tatopani.jpg', 'article_date' => '2022-03-09 10:55:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14897', 'article_category_id' => '1', 'title' => 'Rs 40 Million Allocated for Protection of Melamchi Flood-Ravaged Areas ', 'sub_title' => '', 'summary' => 'March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry has approved 31 plans with a budget of Rs 4 million in the first phase under the Soil and Watershed Conservation Programme. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Though the ministry has appropriated budget for 31 plans from Panchpokhari, Helambu to Dhandkhola, the provincial government is yet to release Rs 70 million required for the implementation of the plans. According to the province assembly member Yubaraj Dulal, the provincial government will approve and implement the plans within the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The provincial government allocated the budget for the conservation of the flood-ravaged areas on the initiative of province assembly member Dulal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The massive flooding that occurred in the Melamchi and Indrawati Rivers nine months ago had ravaged human settlements in Sindhupalchowk district. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14640', 'image' => '20220309104003_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2022-03-09 10:39:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14901', 'article_category_id' => '1', 'title' => 'Gold Price Hits All-Time High of Rs 105,500 per Tola ', 'sub_title' => '', 'summary' => 'March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9). </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"">According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 2,500 per tola compared to the previous trading day. On Tuesday, the precious yellow metal was traded at Rs 103,000 per tola.</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 price of silver also increased by Rs 40 per tola to reach Rs 1450, according to the website of the federation. </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"">Gold is being traded at approximately US$ 2,050 per ounce in the international market on Wednesday. </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 last time when the price of gold crossed the mark of Rs 100,000 per tola in Nepal was during the outbreak of Covid-19.</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"">It is believed that the Russian invasion of Ukraine has led to the skyrocketing price of gold as investors find the precious yellow metal a safe bet during current crisis when the global food prices have been rising and stock markets have been tumbling because of the war. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14639', 'image' => '20220309060734_20220307082414_gold1_1631507545558.jpg', 'article_date' => '2022-03-09 18:06:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14896', 'article_category_id' => '1', 'title' => 'Steel Industry Getting more Investment', 'sub_title' => '', 'summary' => 'March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. A total of Rs 8.44 billion is being invested in a new steel industry and four such industries that are currently operational.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After the government introduced zero tariff on import of sponge iron through the replacement bill, the investment will be added to the production of iron rods and construction materials in the current fiscal year (FY 2078/79). A new steel industry, Sarvottam Steels is opening soon and will produce billets and other materials, while four existing industries are adding huge investments.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Department of Industry, Kathmandu Steels, Swastik Rolling Mills, Premier Steel and Hulas Wire have taken permission to import sponge iron and increase investment in billet production. The department has given approval for the investment as well. These industries have been allowed to produce billets by importing raw materials like sponge iron, said Khagendra Bahadur Basnet, director of the department.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that there is an increase in the number of people seeking permission for investment and capacity expansion to produce billets during this period. According to the department, the new industry Sarvottam Steels is about to be established with the highest investment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Saurav Group is all set to operate the industry, which has already received approval for environmental impact assessment, with an investment of Rs 3.27 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The steel industry is about to be established on 15 bighas of land owned by the company in Maniyari of Birgunj Metropolitan City. The industry has been registered with the Department of Industry, with a proposal to produce 441,000 metric tons annually.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will give employment opportunity to 537 people. Among them, 200 will get employment during the construction of the industry and the rest will get employment during the operation phase of the industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will have open area, green garden, two open water storage tanks, storage area, vehicle parking lot. Two induction furnaces of 30 metric tons will be set up in the industry for the production of iron products. The company informed that the industry needs 2.5 MW of electricity for the production of steel products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Most of the industries licensed by the department are located in Sunsari district. Apart from Kathmandu Steels of Nawalparasi and Sarvottam of Parsa, three other industries are located in Sunsari district. According to the department, Swastik Rolling imported sponge iron and invested an additional Rs. 1.93 billion investment for production of billet and other products amounting to 0.13 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Kathmandu Steels has set an annual production target of 0.177 million metric tons of billet and iron products and has already acquired permission for investment of Rs 1.39 billion. Also, Premier Steel has set an annual production target of 0.80 million metric tons and has also acquired permission for investment of Rs 1.14 billion from the department. In addition, Hulas Wire has set an annual production target of 0.112 million metric tons and is aiming to add Rs 670 million new investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data provided by the department, 31 iron rods and steel industries are in operation in the country as of 2078 BS. However, only 6 of these industries have been producing billets in the country using sponge iron and scrub. According to the department, the total annual capacity of the existing industry is about 3.6 million metric tons and the annual demand is about 1.2 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal is self-sufficient in producing iron rods and iron-based construction materials. The government has recently reduced the customs duty on import of sponge iron to zero with the motive of producing billets in the country. It is also likely that there will be enough raw material in the country after the operation of Dhaubadi iron mine.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14638', 'image' => '20220308065922_1646715425.spanj_iron.jpg', 'article_date' => '2022-03-08 18:58:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14895', 'article_category_id' => '1', 'title' => 'Prices of Food Items Skyrocketing in the Market', 'sub_title' => '', 'summary' => 'March 8: The price of almost all items has been skyrocketing in the market in recent days.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: The price of almost all items has been skyrocketing in the market in recent days. The price of sunflower oil, which was Rs 230 per liter a month ago, has now reached Rs 280/290. The price of soybean oil has increased by Rs 30 to Rs 260 per liter. The price of rice has also gone up by Rs 200 per bag. Although the seasonal vegetables are affordable, other vegetables are out of financial reach for common people.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Srijana Dahal, a resident of Kirtipur’s Tyanglaphat says that she earlier used to manage food for her family of three with Rs 9000 to Rs 1000 per month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“But now, even Rs 12000/13000 is not enough to cover the expenses,” she said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Dahal added that it has become very difficult for her to make ends meet. She says the prices of vegetables, potatoes, onions and fruits have become too expensive. It is not jsut food items but other items including diapers have also become expensive. Dahal, who is dependent on her husband's salary, is now facing a struggle to even fulfill the needs of her kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Madan Dhodari of Chobhar, the prices of almost every food item including legumes, pulses, rice and flour have gone up by 10 to 25 percent in a single month. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Although his wife looks after the kitchen, he is the one who goes to buy things for the family. “Compared to the previous month, pulses, rice, flour, chickpeas and oil have become more expensive,” he said. Dhodari, who works for an NGO in Patan, said that he had to cut down not only on kitchen utensils but also on clothes, daily pocket expenses and other monthly expenses just to manage food for the kitchen. Using a motorcycle he owns as well as covering the education expenses of his two children have become a burden for him alongside the monthly rent he has to pay.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The story of Laxmi Sharma of Imadol is also similar. The Sharma couple is having a hard time running a family of seven even though two of them are struggling hard to make ends meet. “Prices of all commodities have gone up in the market. The prices are on the rise since the onset of Covid-19 pandemic,” said Sharma, expressing that the difficulty in making ends meet has not ended ever since. Sharma shared her experience of witnessing the rise in prices by 25 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Covid-19 pandemic has led to a steady rise in prices. In mid-February, the price of milk had also gone up. Since then, the prices of all dairy products have gone up. Even before the Russian invasion of Ukraine, the price of petroleum products had gone up and the traders were increasing the price of the goods as per their will, while making it difficult for common people to even manage goods for their kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Price of oil in the international market has risen sharply after Russia invaded Ukraine. As a result of the war, there has been an instant rise in prices of food which mostly come from Russia and Ukraine. Overall, prices of all commodities have increased also due to supply chain disruptions and rising transportation costs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the Ukrainian crisis showing no signs of abating, prices of crude oil and commodities, including wheat, soybeans, maize and sunflower seeds, are expected to rise further in the coming days. As a result, rising prices have made it more difficult for the general public to afford commodities required for the kitchen.</span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14637', 'image' => '20220308045737_1646715876.kitchen.jpg', 'article_date' => '2022-03-08 16:56:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14894', 'article_category_id' => '1', 'title' => 'Deposit Collection of Banks Starts Increasing', 'sub_title' => '', 'summary' => 'March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, deposits of commercial banks have increased by Rs 11 billion from February 26 to March 4. On the other hand, the credit flow of banks has increased by only Rs 5 billion during this period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, deposit collection had increased by Rs 2 billion until February 25, while the credit flow had increased by Rs 10 billion. As per the association, the total deposits of commercial banks have reached Rs 4.32 trillion. Similarly, credit flow of banks has also reached Rs 4.17 trillion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While banks have collected Rs 110 billion in deposits till mid-February this year, credit flow during this time has been Rs 434 billion. Compared to the increase in deposits, credit flow has been higher and most of the credit has gone to unproductive sectors including imports, leading to lack of liquidity in banks and financial institutions. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The central bank had tightened imports of luxurious goods as well as gold and silver after excessive imports affected the country’s balance of payments and foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, Nepal Rastra Bank is all set to circulate one-rupee coin from Wednesday. The central bank informed that visually impaired people can recognize this coin by feeling it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14636', 'image' => '20220308030453_Banks.jpg', 'article_date' => '2022-03-08 15:04:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14892', 'article_category_id' => '236', 'title' => 'PROTON X50 Spotted in Nepal', 'sub_title' => '', 'summary' => 'March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that Proton X50 is the newest addition from the Malaysian carmakers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the Proton X50 comes in four variants. The SUV is be powered by a 1.5-litre turbocharged three-cylinder, and a TGDi (Direct Injection) turbocharged three-cylinder petrol in the top flagship variant. The engines produce 150 PS of Maximum Power and 226 NM of torque with the TGDi engine upping the numbers to 130PS of power and 255 Nm of torque, the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 has a long list of features, including an Advanced Driver Assistance System (ADAS), which is only seen in a few premium manufacturers, the company claimed. The Proton X50 SUV, according to the manufacturer's website, includes best-in-class features such as 6 airbags, ABS with EBS and BA, Auto Headlights and Wipers, Keyless Entry (with active touch sensors on the front door handles), Push-Start, 360-Degree Camera, 8 Speakers, 8-inch Infotainment Screen, Autonomous Emergency Braking, Adaptive Cruise Control, Climate Control with Smart Air Purifier System, and Electrically Foldable seats. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 also comes with a useful Auto Park feature, a self-parking system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The X50 also holds a full 5-star crash test rating from ASEAN-NCAP,” the statement said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Jagdamba Motors has been selling PROTON since 2020 with variants such PROTON Saga in the entry level sedan segment and the luxurious PROTON X70 in the premium SUV segment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“PROTON has been able to create a huge impression in the market with their product as well as after sales services and the upcoming X50 will surely boost their presence in the Nepali market while other brands are struggling with stock and inventory in the present scenario,” added the statement. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14635', 'image' => '20220308120618_X50 2.jpeg', 'article_date' => '2022-03-08 12:05:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14891', 'article_category_id' => '266', 'title' => 'Dabur Nepal Launches Dabur Vatika Naturals Shampoo in Nepal', 'sub_title' => '', 'summary' => 'March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. The shampoo brand was unveiled by the company’s brand ambassador Swastima Khadka amidst a function organized at Hyatt Place, Kathmandu. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a statement on Monday (March 7), the company said its business head HS Bedi, marketing chief Abhaya Gorkhalee, and bran manager Salina Sharma were also present during the occasion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This launch marks the company’s foray into shampoo segment in strengthening its presence in the personal care space,” the statement said, adding Dabur Vatika Naturals Shampoo is available in three variants- Black Shine Shampoo for Shiny Black Hair, Thick & Long Shampoo for thick and long hair and Anti-Dandruff Shampoo for dandruff-free hair. </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 company, each variant is enriched with 10 chosen natural ingredients that solves specific hair problems thereby providing gentle cleansing and conditioning to the hair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The launch of Dabur Vatika Naturals Shampoo is a result of Dabur’s continued commitment to provide best natural hair care solutions to the consumers. Our range of shampoos is powered by 10 natural ingredients for their daily hair care needs,” the statement quoted HS Bedi, business head of Dabur Nepal, as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Dabur Nepal’s marketing head Abhaya Gorkhalee added that the launch of Dabur Vatika Naturals Shampoo is an outcome of the company’s continuous effort to give its consumers something new and exciting. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company said that Dabur Vatika Naturals Shampoo is available in 170ml, 330ml, and 650ml bottles at “an attractive price point”. It is also available in 7ml and 3.5ml sachets. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The 330ml SKU comes with a pump to give convenience to the consumers.” </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14634', 'image' => '20220308115609_Vatika-Shampoo-Launch-Event.jpg', 'article_date' => '2022-03-08 11:55:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14890', 'article_category_id' => '266', 'title' => 'Coca-Cola Nepal to Provide Training to 1000 Women Across its Value Chain', 'sub_title' => '', 'summary' => 'March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. Under this initiative, Coca-Cola’s distributors in Nepal has commenced the ‘Saksham’ training programme that intends to train 1000 women who have been running grocery stores and small eatery outlets across the value chain in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The campaign backs the theme of International Women’s Day 2022, which is "Gender Equality Today for a Sustainable Tomorrow" with an effort to make these women ‘capable’ to take their rightful place as equals in the economy, Coca-Cola said in a statement on March 7. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the program seeks to impart knowledge and training that will create a conducive environment for innovation and growth, ultimately leading to economic development of the nation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Thus, Saksham programme has been designed to build the capacity of the women retailers and small restaurant owners on financial literacy, hospitality, and sanitation management, and use of digital wallet,” the statement added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Awasthi, country director of Coca-Cola in Nepal, shared that the company believes that when a woman is empowered, the whole nation is empowered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“And it is really overwhelming to see the positive transformations we have been able to make in their lives through our previous training programs such as 5by20 and the STAR program. Now as we embark on a new program to support and empower 1000 female entrepreneurs of value chain, we hope to make a humble and impactful difference in their lives,” the statement quoted Awasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pradip Pandey, managing director of Bottlers Nepal Limited, shared that the programme focuses on fostering the capabilities of women entrepreneurs running grocery stores and small eatery outlets by enhancing their knowledge that helps to build confidence and provides access to opportunities in the modern world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Coca-Cola said it has taken various initiatives to empower women including the ambitious 5by20 programme announced in 2010 which aimed to enable the economic empowerment of 5 million female entrepreneurs across its value chain by 2020.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, Coca-Cola Nepal also successfully conducted the STAR (Shopkeeper Training and Resources) program to train 5,800 women during the past six years.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14633', 'image' => '20220308113919_Picture 1.jpg', 'article_date' => '2022-03-08 11:38:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14889', 'article_category_id' => '1', 'title' => 'NAC Gets Permission to Operate Flights to Saudi Arabia ', 'sub_title' => '', 'summary' => 'March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NAC's Executive Chairman Yubraj Adhikari, the General Authority of Civil Aviation of Saudi Arabia has provided approval to make two-way flights to three cities of Saudi Arabia including Riyadh, Dammam and Jeddah. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Executive Chairman Adhikari and other officials had recently visited Saudi Arabia for the approval of flights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said it plans to operate three flights a week from Kathmandu to Riyadh from next month in the first phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saudi Arabian government had given approval to the NAC for operating flights in 2002 and 2020 as well but it did not happen then due to lack of aircraft and poor management. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14632', 'image' => '20220308081744_NAC.jpg', 'article_date' => '2022-03-08 08:15:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14893', 'article_category_id' => '1', 'title' => 'Industrialists Demand One-Door System for Tax Payment', 'sub_title' => '', 'summary' => 'March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking at a program organized by the Revenue Advisory Committee in Biratnagar on Sunday to collect suggestions from the private sector for the formulation of revenue policy for the fiscal year 2079/2080 BS, the industrialists said that they are having trouble paying taxes to different governments through different systems. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Devaki Nandan Agrawal, coordinator of the revenue committee of the Federation of Nepalese Chambers of Commerce and Industry, Province 1, said that the local government was unnecessarily levying taxes on production and export and urged the concerned body to stop such extortion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Agrawal suggested that the federal government should define the tax rate at all local levels as the industrialists could not bear the hassle of paying taxes at the federal, state and local levels.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of Province 1 chapter of the Confederation of Nepalese Industries Bhim Ghimire said that they have been facing procedural hassles from the establishment of the industry to its operation and closure. He suggested that an investment-friendly environment could be created by simplifying the tax policy and ending the administrative hassles.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">General Secretary of the Chamber of Industries Morang, Anil Sharda said that there is a problem in the consumption of Nepali products when goods enter the market from the open border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking on the occasion, Chairman of the Revenue Advisory Committee, Mahesh Prasad Dahal, said that the role of the private sector is crucial to review the overall economy. Stating that the situation of conflict emerging in the world will affect Nepal as well, he said that only with the joint efforts of all can the economy be taken in the right direction. Joint Secretary at the Ministry of Finance Ramesh Kumar BC said that they would address the issues raised by the stakeholders in the upcoming budget.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14631', 'image' => '20220308122837_1646612763.Clipboard03.jpg', 'article_date' => '2022-03-08 12:27:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '14903', 'article_category_id' => '1', 'title' => 'House Panel Directs Government to Control Spiraling Fuel Price', 'sub_title' => '', 'summary' => 'March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Industry, Commerce, Labour and Consumer Committee of the House of Representatives has directed the government to control the price hike of petroleum products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A meeting of the lower house committee on Wednesday was focused on the issue of fuel price.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairperson of the committee Bimal Prasad Shreevastav drew the attention of all stakeholders that the government’s decision to raise the price of fuel had affecated the general public. He said that the committee has directed the government to control the price hike and to make petroleum products easily available for the general public.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The committee has concluded that the consumers need to have easy access to petroleum products and the demands of Nepal Oil Corporation should also be addressed,” said chairperson Shreevastav, adding, “The committee has directed the concerned authorities to make fuel easily accessible to the people.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The house panel has concluded that the government must focus on controlling the price hike.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petroleum products have reached an all-time high in Nepal after the Nepal Oil Corporation last week increased the fuel prices citing an increase in price of oil in the international market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The price of petrol is currently Rs 150 per litre. </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14645', 'image' => '20220310104720_Petrol-Price-Increase.jpg', 'article_date' => '2022-03-10 10:46:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14902', 'article_category_id' => '1', 'title' => 'Labour Desk Removed from TIA for Causing Nuisance to Migrant Workers', 'sub_title' => '', 'summary' => 'March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 10: The Ministry of Labour, Employment and Social Security has removed a labour desk set up at Tribhuvan International Airport (TIA). The ministry decided to remove the desk following complaints that the officials deputed to the desk were creating unnecessary hassles for the Nepali migrant workers heading towards foreign countries for employment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister for Labour, Employment and Social Security Krishna Kumar Shreshta instructed the removal of the desk following complaints from the public. Minister Shrestha argued that the desk was not needed because there is already an online information system in practice.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The labourers were complaining that the desk had been causing unnecessary trouble in the name of verifying the labour permit issued by the ministry itself. Minister Shrestha also expressed his commitment to resolve other problems faced by the migrant workers at the airport.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier, the migrant workers had to enter the airport from a separate entry point set up specifically for the labourers. Now, they can enter the airport from any entry point.</span></span></p> ', 'published' => true, 'created' => '2022-03-10', 'modified' => '2022-03-10', 'keywords' => '', 'description' => '', 'sortorder' => '14644', 'image' => '20220310103122_20211202020506_2009-03_Kathmandu_10.jpg', 'article_date' => '2022-03-10 10:30:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14900', 'article_category_id' => '1', 'title' => 'Tourist Arrival in Nepal Starts Improving', 'sub_title' => '', 'summary' => 'March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: Tourist arrival in Nepal has been improving with the decline in Covid-19 cases. The number of tourists visiting Nepal in January and February of 2022 has more than doubled compared to the corresponding period of 2021. According to the Nepal Tourism Board, 36,741 tourists have visited Nepal in the first two months of 2022, compared to 18,020 tourists in the same period last year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Altogether 19,766 tourists visited Nepal in February. This is more than double the figure of 2021. In February last year, 9,146 tourists had visited Nepal. Similarly, 16,975 tourists visited Nepal in January. In the same month last year, 8,874 tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the Covid-19 cases continue to decline, the tourism sector is returning to normalcy. Dhananjay Regmi, CEO of NTB, said that the number of tourists has been increasing in recent months. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that the country needs to focus on tourism promotion programs targeting Indian tourissts and border areas rather than Europe and USA to increase the number of tourist.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Regmi said that the board is preparing to run the 'Tourism Mart' by inviting journalists, businessmen and others from different cities of India. Accordingly, programs will be organized on March 10, 11, and 12 in Nepalgunj and on March 25, 26, and 27 in Dharan. According to the board, such programs will be held in Dhangadhi in April and Bhairahawa in May to promote tourism in the areas that share border with India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"We are especially targeting major Indian cities within 200 km of the Nepal-India border," said Regmi. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that Nepal's tourism would also be promoted in China through digital media. Tourism promotion and marketing would be done in physical form in other countries, he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Binayak Shah, Senior Vice President of the Hotel Association of Nepal (HAN), said that the global tourism market would be competitive in the face of the declining Covid-19 cases. "Tourists still have to deal with PCR reports and quarantine when they come to Nepal," Shah said. "Unless there is a policy reform, tourist arrivals will be affected,” he added"</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that the entrepreneurs are creating new products and strategies in their way, he said that not only the entrepreneurs but also the government should formally invite tourists.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Nepal is still in the 'red zone', Shah said, "The government should take initiative to remove it. It is necessary to formulate a clear line of action through coordination between the government and the business community." He stressed the need to bring a big program to help attract more tourists as they are interested in visiting Nepal and the number of bookings is also increasing. According to the board, 150,962 tourists had visited Nepal from different countries in 2021.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14643', 'image' => '20220309044358_Tourist.jpg', 'article_date' => '2022-03-09 16:43:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14899', 'article_category_id' => '1', 'title' => 'Dollar Rate Reaches All-Time High in Nepal ', 'sub_title' => '', 'summary' => 'March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 9: The US dollar’s rate has been rising steadily to reach an all-time high in Nepal. Prior to this, the highest rate of US dollar in Nepal (selling price) was Rs 123.28 on April 17, 2020. On March 8, 2022, the selling price of US dollar surpassed that mark to reach Rs 123.44. According to Nepal Rastra Bank, this is the all-time high price of US dollar. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">A large proportion of Nepal’s foreign trade is with India. As Nepal’s currency is pegged to India, it has a direct effect on Nepali rupee as the dollar depreciates in India. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the dollar’s rate increases, exports, tourism revenue and remittances increase. However, exports of goods from Nepal are low and the number of tourists has been declining in Nepal for the last two years due to Covid-19. Nepalis, who have gone for foreign employment are also sending less remittances recently. Former executive director of Nepal Rastra Bank Nara Bahadur Thapa said that this will create pressure on foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Thapa, the budget deficit will increase due to the rise in the value of the dollar. “From Nepal's perspective, an increase in the rate of dollar will have a direct impact on the economy. This will increase the budget deficit as the interest on loans paid by the state will also increase,” said Thapa. As the dollar increases, the balance of payments and trade deficit also increase. According to Thapa, the cheaper the dollar, the better it will be for development works and to buy imported goods. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The raw materials used in Nepal's exports have to be imported in dollars from abroad. It is certain that the price of raw materials imported from abroad will increase now. However, the increase in value of dollar does not necessarily increase the price of imported goods all of a sudden.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Thapa said that the price hike would not have any immediate effect as the traders would now sell the goods they had bought before the rise in the rate of dollar. </span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14642', 'image' => '20220309021621_dolar.jpg', 'article_date' => '2022-03-09 14:14:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14898', 'article_category_id' => '1', 'title' => 'Government to Ensure Smooth Supply of Goods from China: Foreign Minister ', 'sub_title' => '', 'summary' => 'March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 9: The government has said that it is doing its best on its part to ensure smooth operation of trade with China as soon as possible. Foreign Minister Dr Narayan Khadka said before his Turkey visit that diplomatic initiatives are being taken with the Chinese side to increase the number of cargo vehicles into the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Minister Khadka, the government has repeatedly urged Beijing to find a solution to the problem, as trade with China has not been able to operate smoothly and the country has suffered financially while exports have been hampered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foreign Minister Khadka said he had requested during telephone talks with his Chinese counterpart Wang Yi and other Chinese officials and the Chinese Ambassador to Nepal for effective operation of the trade gateway. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at a press conference organized on Monday for the first time since his assumption of office six months ago, Minister Khadka expressed confidence that China would accept Nepal's request and resolve the issue at the trade and transit point. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stating that there were some problems with major trade ports with China due to the COVID-19 pandemic and China responded positively to solve them, he said, "Direct contacts have been established between the local authorities of the two countries for smooth communication and coordination at the procedural level of import and export." </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Minister Khadka said that he had requested the Chinese side at all high-level meetings to assist in the supply of food in the border areas including Gorkha and to create an environment for Nepali students to return to China. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The press conference was organized on the eve of his visit to Turkey leading a Nepali delegation to attend the Antalya Diplomacy Forum to be held in Antalya of Turkey from 11-13 March.</span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14641', 'image' => '20220309105634_Tatopani.jpg', 'article_date' => '2022-03-09 10:55:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14897', 'article_category_id' => '1', 'title' => 'Rs 40 Million Allocated for Protection of Melamchi Flood-Ravaged Areas ', 'sub_title' => '', 'summary' => 'March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: Ministry of Economic Affairs and Planning of Bagmati Province has earmarked a budget of Rs 40 million for the protection of the areas affected by the floods of Merlamchi and Indrawati rivers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry has approved 31 plans with a budget of Rs 4 million in the first phase under the Soil and Watershed Conservation Programme. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Though the ministry has appropriated budget for 31 plans from Panchpokhari, Helambu to Dhandkhola, the provincial government is yet to release Rs 70 million required for the implementation of the plans. According to the province assembly member Yubaraj Dulal, the provincial government will approve and implement the plans within the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The provincial government allocated the budget for the conservation of the flood-ravaged areas on the initiative of province assembly member Dulal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The massive flooding that occurred in the Melamchi and Indrawati Rivers nine months ago had ravaged human settlements in Sindhupalchowk district. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14640', 'image' => '20220309104003_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2022-03-09 10:39:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14901', 'article_category_id' => '1', 'title' => 'Gold Price Hits All-Time High of Rs 105,500 per Tola ', 'sub_title' => '', 'summary' => 'March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 9: The price of gold has reached an all-time high of Rs 105,500 per tola (11.66 grams) in the domestic market of Nepal on Wednesday (March 9). </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"">According to the Federation of Nepal Gold and Silver Dealers’ Association, the price of gold increased by Rs 2,500 per tola compared to the previous trading day. On Tuesday, the precious yellow metal was traded at Rs 103,000 per tola.</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 price of silver also increased by Rs 40 per tola to reach Rs 1450, according to the website of the federation. </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"">Gold is being traded at approximately US$ 2,050 per ounce in the international market on Wednesday. </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 last time when the price of gold crossed the mark of Rs 100,000 per tola in Nepal was during the outbreak of Covid-19.</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"">It is believed that the Russian invasion of Ukraine has led to the skyrocketing price of gold as investors find the precious yellow metal a safe bet during current crisis when the global food prices have been rising and stock markets have been tumbling because of the war. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-03-09', 'modified' => '2022-03-09', 'keywords' => '', 'description' => '', 'sortorder' => '14639', 'image' => '20220309060734_20220307082414_gold1_1631507545558.jpg', 'article_date' => '2022-03-09 18:06:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14896', 'article_category_id' => '1', 'title' => 'Steel Industry Getting more Investment', 'sub_title' => '', 'summary' => 'March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">March 8: With the government's policy of encouraging the iron rod industry to produce billets in the country itself, new steel industries have started opening while the old ones have been pouring more investment. A total of Rs 8.44 billion is being invested in a new steel industry and four such industries that are currently operational.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">After the government introduced zero tariff on import of sponge iron through the replacement bill, the investment will be added to the production of iron rods and construction materials in the current fiscal year (FY 2078/79). A new steel industry, Sarvottam Steels is opening soon and will produce billets and other materials, while four existing industries are adding huge investments.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Department of Industry, Kathmandu Steels, Swastik Rolling Mills, Premier Steel and Hulas Wire have taken permission to import sponge iron and increase investment in billet production. The department has given approval for the investment as well. These industries have been allowed to produce billets by importing raw materials like sponge iron, said Khagendra Bahadur Basnet, director of the department.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that there is an increase in the number of people seeking permission for investment and capacity expansion to produce billets during this period. According to the department, the new industry Sarvottam Steels is about to be established with the highest investment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Saurav Group is all set to operate the industry, which has already received approval for environmental impact assessment, with an investment of Rs 3.27 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The steel industry is about to be established on 15 bighas of land owned by the company in Maniyari of Birgunj Metropolitan City. The industry has been registered with the Department of Industry, with a proposal to produce 441,000 metric tons annually.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will give employment opportunity to 537 people. Among them, 200 will get employment during the construction of the industry and the rest will get employment during the operation phase of the industry.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The industry will have open area, green garden, two open water storage tanks, storage area, vehicle parking lot. Two induction furnaces of 30 metric tons will be set up in the industry for the production of iron products. The company informed that the industry needs 2.5 MW of electricity for the production of steel products.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Most of the industries licensed by the department are located in Sunsari district. Apart from Kathmandu Steels of Nawalparasi and Sarvottam of Parsa, three other industries are located in Sunsari district. According to the department, Swastik Rolling imported sponge iron and invested an additional Rs. 1.93 billion investment for production of billet and other products amounting to 0.13 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Kathmandu Steels has set an annual production target of 0.177 million metric tons of billet and iron products and has already acquired permission for investment of Rs 1.39 billion. Also, Premier Steel has set an annual production target of 0.80 million metric tons and has also acquired permission for investment of Rs 1.14 billion from the department. In addition, Hulas Wire has set an annual production target of 0.112 million metric tons and is aiming to add Rs 670 million new investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the data provided by the department, 31 iron rods and steel industries are in operation in the country as of 2078 BS. However, only 6 of these industries have been producing billets in the country using sponge iron and scrub. According to the department, the total annual capacity of the existing industry is about 3.6 million metric tons and the annual demand is about 1.2 million metric tons.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Nepal is self-sufficient in producing iron rods and iron-based construction materials. The government has recently reduced the customs duty on import of sponge iron to zero with the motive of producing billets in the country. It is also likely that there will be enough raw material in the country after the operation of Dhaubadi iron mine.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14638', 'image' => '20220308065922_1646715425.spanj_iron.jpg', 'article_date' => '2022-03-08 18:58:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14895', 'article_category_id' => '1', 'title' => 'Prices of Food Items Skyrocketing in the Market', 'sub_title' => '', 'summary' => 'March 8: The price of almost all items has been skyrocketing in the market in recent days.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: The price of almost all items has been skyrocketing in the market in recent days. The price of sunflower oil, which was Rs 230 per liter a month ago, has now reached Rs 280/290. The price of soybean oil has increased by Rs 30 to Rs 260 per liter. The price of rice has also gone up by Rs 200 per bag. Although the seasonal vegetables are affordable, other vegetables are out of financial reach for common people.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Srijana Dahal, a resident of Kirtipur’s Tyanglaphat says that she earlier used to manage food for her family of three with Rs 9000 to Rs 1000 per month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“But now, even Rs 12000/13000 is not enough to cover the expenses,” she said. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Dahal added that it has become very difficult for her to make ends meet. She says the prices of vegetables, potatoes, onions and fruits have become too expensive. It is not jsut food items but other items including diapers have also become expensive. Dahal, who is dependent on her husband's salary, is now facing a struggle to even fulfill the needs of her kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Madan Dhodari of Chobhar, the prices of almost every food item including legumes, pulses, rice and flour have gone up by 10 to 25 percent in a single month. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Although his wife looks after the kitchen, he is the one who goes to buy things for the family. “Compared to the previous month, pulses, rice, flour, chickpeas and oil have become more expensive,” he said. Dhodari, who works for an NGO in Patan, said that he had to cut down not only on kitchen utensils but also on clothes, daily pocket expenses and other monthly expenses just to manage food for the kitchen. Using a motorcycle he owns as well as covering the education expenses of his two children have become a burden for him alongside the monthly rent he has to pay.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The story of Laxmi Sharma of Imadol is also similar. The Sharma couple is having a hard time running a family of seven even though two of them are struggling hard to make ends meet. “Prices of all commodities have gone up in the market. The prices are on the rise since the onset of Covid-19 pandemic,” said Sharma, expressing that the difficulty in making ends meet has not ended ever since. Sharma shared her experience of witnessing the rise in prices by 25 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Covid-19 pandemic has led to a steady rise in prices. In mid-February, the price of milk had also gone up. Since then, the prices of all dairy products have gone up. Even before the Russian invasion of Ukraine, the price of petroleum products had gone up and the traders were increasing the price of the goods as per their will, while making it difficult for common people to even manage goods for their kitchen.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Price of oil in the international market has risen sharply after Russia invaded Ukraine. As a result of the war, there has been an instant rise in prices of food which mostly come from Russia and Ukraine. Overall, prices of all commodities have increased also due to supply chain disruptions and rising transportation costs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the Ukrainian crisis showing no signs of abating, prices of crude oil and commodities, including wheat, soybeans, maize and sunflower seeds, are expected to rise further in the coming days. As a result, rising prices have made it more difficult for the general public to afford commodities required for the kitchen.</span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14637', 'image' => '20220308045737_1646715876.kitchen.jpg', 'article_date' => '2022-03-08 16:56:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14894', 'article_category_id' => '1', 'title' => 'Deposit Collection of Banks Starts Increasing', 'sub_title' => '', 'summary' => 'March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Deposit collections of banks have started increasing after they increased the interest rates by 10 percent on February 13. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, deposits of commercial banks have increased by Rs 11 billion from February 26 to March 4. On the other hand, the credit flow of banks has increased by only Rs 5 billion during this period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, deposit collection had increased by Rs 2 billion until February 25, while the credit flow had increased by Rs 10 billion. As per the association, the total deposits of commercial banks have reached Rs 4.32 trillion. Similarly, credit flow of banks has also reached Rs 4.17 trillion. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">While banks have collected Rs 110 billion in deposits till mid-February this year, credit flow during this time has been Rs 434 billion. Compared to the increase in deposits, credit flow has been higher and most of the credit has gone to unproductive sectors including imports, leading to lack of liquidity in banks and financial institutions. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The central bank had tightened imports of luxurious goods as well as gold and silver after excessive imports affected the country’s balance of payments and foreign exchange reserves. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, Nepal Rastra Bank is all set to circulate one-rupee coin from Wednesday. The central bank informed that visually impaired people can recognize this coin by feeling it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14636', 'image' => '20220308030453_Banks.jpg', 'article_date' => '2022-03-08 15:04:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14892', 'article_category_id' => '236', 'title' => 'PROTON X50 Spotted in Nepal', 'sub_title' => '', 'summary' => 'March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Jagdamba Motors, the authorized distributor of PROTON brand in Nepal, has launched the Proton X50 Sports Utility Vehicle (SUV) in the country.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The company claimed that Proton X50 is the newest addition from the Malaysian carmakers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the Proton X50 comes in four variants. The SUV is be powered by a 1.5-litre turbocharged three-cylinder, and a TGDi (Direct Injection) turbocharged three-cylinder petrol in the top flagship variant. The engines produce 150 PS of Maximum Power and 226 NM of torque with the TGDi engine upping the numbers to 130PS of power and 255 Nm of torque, the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 has a long list of features, including an Advanced Driver Assistance System (ADAS), which is only seen in a few premium manufacturers, the company claimed. The Proton X50 SUV, according to the manufacturer's website, includes best-in-class features such as 6 airbags, ABS with EBS and BA, Auto Headlights and Wipers, Keyless Entry (with active touch sensors on the front door handles), Push-Start, 360-Degree Camera, 8 Speakers, 8-inch Infotainment Screen, Autonomous Emergency Braking, Adaptive Cruise Control, Climate Control with Smart Air Purifier System, and Electrically Foldable seats. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Proton X50 also comes with a useful Auto Park feature, a self-parking system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The X50 also holds a full 5-star crash test rating from ASEAN-NCAP,” the statement said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Jagdamba Motors has been selling PROTON since 2020 with variants such PROTON Saga in the entry level sedan segment and the luxurious PROTON X70 in the premium SUV segment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“PROTON has been able to create a huge impression in the market with their product as well as after sales services and the upcoming X50 will surely boost their presence in the Nepali market while other brands are struggling with stock and inventory in the present scenario,” added the statement. </span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14635', 'image' => '20220308120618_X50 2.jpeg', 'article_date' => '2022-03-08 12:05:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14891', 'article_category_id' => '266', 'title' => 'Dabur Nepal Launches Dabur Vatika Naturals Shampoo in Nepal', 'sub_title' => '', 'summary' => 'March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Dabur Nepal has launched a range of Dabur Vatika Naturals Shampoo in Nepal. The shampoo brand was unveiled by the company’s brand ambassador Swastima Khadka amidst a function organized at Hyatt Place, Kathmandu. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Issuing a statement on Monday (March 7), the company said its business head HS Bedi, marketing chief Abhaya Gorkhalee, and bran manager Salina Sharma were also present during the occasion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This launch marks the company’s foray into shampoo segment in strengthening its presence in the personal care space,” the statement said, adding Dabur Vatika Naturals Shampoo is available in three variants- Black Shine Shampoo for Shiny Black Hair, Thick & Long Shampoo for thick and long hair and Anti-Dandruff Shampoo for dandruff-free hair. </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 company, each variant is enriched with 10 chosen natural ingredients that solves specific hair problems thereby providing gentle cleansing and conditioning to the hair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The launch of Dabur Vatika Naturals Shampoo is a result of Dabur’s continued commitment to provide best natural hair care solutions to the consumers. Our range of shampoos is powered by 10 natural ingredients for their daily hair care needs,” the statement quoted HS Bedi, business head of Dabur Nepal, as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Dabur Nepal’s marketing head Abhaya Gorkhalee added that the launch of Dabur Vatika Naturals Shampoo is an outcome of the company’s continuous effort to give its consumers something new and exciting. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The company said that Dabur Vatika Naturals Shampoo is available in 170ml, 330ml, and 650ml bottles at “an attractive price point”. It is also available in 7ml and 3.5ml sachets. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The 330ml SKU comes with a pump to give convenience to the consumers.” </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14634', 'image' => '20220308115609_Vatika-Shampoo-Launch-Event.jpg', 'article_date' => '2022-03-08 11:55:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14890', 'article_category_id' => '266', 'title' => 'Coca-Cola Nepal to Provide Training to 1000 Women Across its Value Chain', 'sub_title' => '', 'summary' => 'March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 8: Coca-Cola, one of the leading soft drinks brand across the globe, has expressed its commitment to make a positive impact in society by empowering women at workplace and beyond through its strategic approaches. Under this initiative, Coca-Cola’s distributors in Nepal has commenced the ‘Saksham’ training programme that intends to train 1000 women who have been running grocery stores and small eatery outlets across the value chain in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The campaign backs the theme of International Women’s Day 2022, which is "Gender Equality Today for a Sustainable Tomorrow" with an effort to make these women ‘capable’ to take their rightful place as equals in the economy, Coca-Cola said in a statement on March 7. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the program seeks to impart knowledge and training that will create a conducive environment for innovation and growth, ultimately leading to economic development of the nation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Thus, Saksham programme has been designed to build the capacity of the women retailers and small restaurant owners on financial literacy, hospitality, and sanitation management, and use of digital wallet,” the statement added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Awasthi, country director of Coca-Cola in Nepal, shared that the company believes that when a woman is empowered, the whole nation is empowered. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“And it is really overwhelming to see the positive transformations we have been able to make in their lives through our previous training programs such as 5by20 and the STAR program. Now as we embark on a new program to support and empower 1000 female entrepreneurs of value chain, we hope to make a humble and impactful difference in their lives,” the statement quoted Awasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pradip Pandey, managing director of Bottlers Nepal Limited, shared that the programme focuses on fostering the capabilities of women entrepreneurs running grocery stores and small eatery outlets by enhancing their knowledge that helps to build confidence and provides access to opportunities in the modern world.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Coca-Cola said it has taken various initiatives to empower women including the ambitious 5by20 programme announced in 2010 which aimed to enable the economic empowerment of 5 million female entrepreneurs across its value chain by 2020.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Additionally, Coca-Cola Nepal also successfully conducted the STAR (Shopkeeper Training and Resources) program to train 5,800 women during the past six years.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14633', 'image' => '20220308113919_Picture 1.jpg', 'article_date' => '2022-03-08 11:38:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14889', 'article_category_id' => '1', 'title' => 'NAC Gets Permission to Operate Flights to Saudi Arabia ', 'sub_title' => '', 'summary' => 'March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has received permission to operate flights to Riyadh, Dammam and Jeddah of Saudi Arabia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to NAC's Executive Chairman Yubraj Adhikari, the General Authority of Civil Aviation of Saudi Arabia has provided approval to make two-way flights to three cities of Saudi Arabia including Riyadh, Dammam and Jeddah. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Executive Chairman Adhikari and other officials had recently visited Saudi Arabia for the approval of flights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said it plans to operate three flights a week from Kathmandu to Riyadh from next month in the first phase. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saudi Arabian government had given approval to the NAC for operating flights in 2002 and 2020 as well but it did not happen then due to lack of aircraft and poor management. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14632', 'image' => '20220308081744_NAC.jpg', 'article_date' => '2022-03-08 08:15:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14893', 'article_category_id' => '1', 'title' => 'Industrialists Demand One-Door System for Tax Payment', 'sub_title' => '', 'summary' => 'March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 8: Industrialists and businessmen of eastern Nepal, who have been paying taxes under different headings in different places, have requested the three-tier government to make all kinds of tax payment possible through a one-door system. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking at a program organized by the Revenue Advisory Committee in Biratnagar on Sunday to collect suggestions from the private sector for the formulation of revenue policy for the fiscal year 2079/2080 BS, the industrialists said that they are having trouble paying taxes to different governments through different systems. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Devaki Nandan Agrawal, coordinator of the revenue committee of the Federation of Nepalese Chambers of Commerce and Industry, Province 1, said that the local government was unnecessarily levying taxes on production and export and urged the concerned body to stop such extortion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Agrawal suggested that the federal government should define the tax rate at all local levels as the industrialists could not bear the hassle of paying taxes at the federal, state and local levels.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of Province 1 chapter of the Confederation of Nepalese Industries Bhim Ghimire said that they have been facing procedural hassles from the establishment of the industry to its operation and closure. He suggested that an investment-friendly environment could be created by simplifying the tax policy and ending the administrative hassles.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">General Secretary of the Chamber of Industries Morang, Anil Sharda said that there is a problem in the consumption of Nepali products when goods enter the market from the open border.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Speaking on the occasion, Chairman of the Revenue Advisory Committee, Mahesh Prasad Dahal, said that the role of the private sector is crucial to review the overall economy. Stating that the situation of conflict emerging in the world will affect Nepal as well, he said that only with the joint efforts of all can the economy be taken in the right direction. Joint Secretary at the Ministry of Finance Ramesh Kumar BC said that they would address the issues raised by the stakeholders in the upcoming budget.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-03-08', 'modified' => '2022-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '14631', 'image' => '20220308122837_1646612763.Clipboard03.jpg', 'article_date' => '2022-03-08 12:27:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
