January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing…
January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing…
January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank…
January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in…
January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus…
January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT).…
January 14: The government is preparing to allow the private sector to trade electricity within a month and a…
The Ministry of Home Affairs (MoHA) issues a circular to all district administration offices (DAOs) and police forces to instruct them to restrict a gathering of more than 25 people in public…
Minister for Finance Janardan Sharma claims the current problem of liquidity shortage will go away in one…
Food Management and Trading Company Ltd (FMTC) purchases 2,200 tons of paddy from…
The government has decided to close schools for 19 days amid a rapid rise in Covid-19…
With a spike in Covid-19 cases, the Nepal Rastra Bank (NRB) issues a circular to bank and financial institutions to take necessary safety measures while providing their…
Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their…
National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power…
The recommendation committee is set to forward three names to the cabinet for the selection of the CEO following their presentation of working paper…
January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance.…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The two countries reached an understanding during a meeting held between the officials of both the countries on Friday to send workers from Nepal to the UK. According to the Ministry of Labour, Employment and Social Security, the UK has agreed to provide employment opportunities to Nepali workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Labour ministry’s spokesperson Dandu Raj Ghimire confirmed that the two countries have decided to sign an agreement to make arrangement of employment for Nepali workers in London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, representatives of 'Department of Health Services' and 'National Health Services' of the United Kingdom and representatives of the Government of Nepal agreed to sign an accord in this regard within March. As per the understanding, both sides will involve in drafting a Memorandum of Understanding (MoU). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ghimire shared that an understanding has been reached to finalize the issues of relocating the Nepali workers to health sector of London as soon as possible. However, the modality of relocating the Nepali workers has not been finalized yet. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is believed that the human resources of Nepal’s nursing sector would get employment opportunity under the National Health Services of London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief of Employment Management Division under the Labour Ministry, Rajeev Pokharel, Under-Secretary Thaneshwor Bhusal, representatives of Department of Foreign Employment and Foreign Ministry attended the meeting on the behalf of the Government of Nepal. Similarly, representatives of the Department of Health Services, National Health Services and Embassy of the United Kingdom in Kathmandu were present in the meeting, RSS reported. </span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">a</span></span></p> ', 'published' => true, 'created' => '2022-01-16', 'modified' => '2022-01-16', 'keywords' => '', 'description' => '', 'sortorder' => '14373', 'image' => '20220116042630_Flag600x600.jpg', 'article_date' => '2022-01-16 16:24:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14628', 'article_category_id' => '1', 'title' => 'Remittance Inflow Declines by 6.8 Percent', 'sub_title' => '', 'summary' => 'January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Thursday states that remittance inflow decreased 6.8 percent to Rs 388.58 billion in the review period against an increase of 11.0 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In the US Dollar terms, remittance inflows decreased 7.3 percent to 3.26 billion in the review period against an increase of 6.4 percent in the same period of the previous year,” the report based on first months of the current fiscal year states. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank said that the number of Nepali citizens taking approval for foreign employment increased significantly to 131,082 in the review period. It had decreased by 92.7 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the number of Nepali workers (renew entry) taking approval for foreign employment increased 295.8 percent to 99,580 in the review period. It had decreased 77.3 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14372', 'image' => '20220114032059_Remittance.jpg', 'article_date' => '2022-01-14 15:20:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14629', 'article_category_id' => '1', 'title' => 'Finance Minister in Favour of Printing Excise Duty Stickers in Nepal ', 'sub_title' => '', 'summary' => 'January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inspecting the security printing press going to be installed at Panauti-based IT Park on Thursday, Minister Sharma asked the Security Printing Press to provide the stickers necessary for the Finance Ministry immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The Ministry needs around three billion stickers. How many machines are required to print such quantity of stickers. I request the concerned authorities to install the machines immediately by importing them," he shared. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Finance Minister mentioned that the machine to be installed at the IT Park would print everything except currency notes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pointing out the need of printing the stickers, Minister Sharma expressed the belief that the printing centre would address the need for it. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Ministry collects around Rs 100 billion revenue from exercise-duty stickers. -- RSS </span></span></p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14371', 'image' => '20220114032812_RoS-KTM-Kavre-FinanceMinisterSharmaa.jpg', 'article_date' => '2022-01-14 15:27:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14627', 'article_category_id' => '1', 'title' => 'Govt Forms Committee to Probe into Chartered Flights Irregularities ', 'sub_title' => '', 'summary' => 'January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The three-member probe committee was formed on Thursday (January 13) under coordination of Joint-Secretary at the tourism ministry, Hom Prasad Luintel. Under-Secretary Tek Narayan Poudel and acting Director General of the Civil Aviation Authority of Nepal, Prem Nath Thakur, are the members of the committee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The probe committee has been asked to submit its report within 10 days. The probe committee would start its work from today (January 14), said Coordinator Luintel. -- RSS </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14370', 'image' => '20220114030324_20201109112912_1604878353.14.jpg', 'article_date' => '2022-01-14 15:02:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14626', 'article_category_id' => '1', 'title' => 'FCAN Demands Inclusion of only Domestic Contractors for bids up to Rs 3 Billion', 'sub_title' => '', 'summary' => 'January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). The federation has requested amendment of the Public Procurement Regulation 2064 to make such arrangements in order to promote domestic companies.</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 federation submitted a memorandum during a meeting with Kalyani Kumari Khadka, chairperson of the Development and Technology Committee of the federal parliament on Thursday. FCAN President Ravi Singh said that the country has not been able to make strides in infrastructure development as the related laws and regulations are not construction-friendly.</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 presenting the written suggestions, he said that the Nepali construction entrepreneurs should be awarded tenders worth Rs 3 billion. The federation has suggested including such provision in the 11th amendment to the Public Procurement Regulation.</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"">Similarly, the federation has demanded to make arrangements for allowing a construction company to undertake a maximum of three contracts at a time for projects worth more than Rs 30 million and two contracts for projects less than Rs 30 million. Likewise, the federation has demanded that the contractors should be allowed to participate in additional bids only after the completion of 80 percent works of the projects they have undertaken.</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""> Chairperson Khadka has also been informed about the existing problems faced by the construction entrepreneurs and the solutions.</span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14369', 'image' => '20220114022746_20210614012250_20190108-gmc-pho-1049.jpg', 'article_date' => '2022-01-14 14:25:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14625', 'article_category_id' => '1', 'title' => '‘Private Sector to get Permission for Electricity Trade within One and a Half Months’ ', 'sub_title' => '', 'summary' => 'January 14: The government is preparing to allow the private sector to trade electricity within a month and a half.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The government is preparing to allow the private sector to trade electricity within a month and a half. Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that a work procedure is being prepared to allow the private sector to trade electricity and expressed commitment to complete the work within one and a half months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During a meeting with a delegation of the Confederation of Nepalese Industries (CMI) led by its president Bishnu Kumar Agrawal on Thursday, Minister Bhusal informed that the government is preparing a working procedure to this end. “Our idea is to involve the private sector in the export of electricity. We will not allow import of electricity. You have to find a destination and export,” she said.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Minister Bhusal said that the government will prepare work procedure in a way that the private sector can sell electricity directly in the international market. She said that procedure will be formulated to facilitate those who generate and sell electricity themselves. Furthermore, she said that the private sector would be involved not only in power generation but also in transmission. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Minister Bhusal, the government would take special initiative to export electricity to Bangladesh. As India is the main market for electricity generated in Nepal, she stressed on the need for the private sector to find a market in India. She said that the power purchase agreement of the semi-reservoir hydropower project will not be halted. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, Energy Secretary Devendra Karki said that India and Bangladesh are two important destinations for export of electricity generated in Nepal. He said that they are trying to promote electricity trade through separate high level mechanisms in both the countries. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the discussion, Agrawal said that there is a high demand for renewable energy in Bangladesh. He urged the government to create an environment for export of electricity generated in Nepal. Although the electricity export is challenging, he said that there is a lot of potential and the private sector is ready and capable to work for it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14368', 'image' => '20220114020228_electricity.jpg', 'article_date' => '2022-01-14 14:01:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14624', 'article_category_id' => '1', 'title' => 'Govt Makes Vaccination Card Mandatory to Get Public Services From January 21 ', 'sub_title' => '', 'summary' => 'The Ministry of Home Affairs (MoHA) issues a circular to all district administration offices (DAOs) and police forces to instruct them to restrict a gathering of more than 25 people in public places. ', 'content' => '<p>Jan 11: The Ministry of Home Affairs (MoHA) has issued a circular to all district administration offices (DAOs) and police forces to restrict gathering of more than 25 people in public places. <br /> In line with the recommendations of COVID-19 Crisis Management Center (CCMC), the Home Ministry has instructed DAOs and police forces to implement various measures to contain the spread of Covid-19. <br /> According to the eight-point circular, local administrations will now restrict any expo, festival or assembly where more than 25 people gather in public places. The local administration should issue permission even if there is any urgent programme to be held, according to the circular issued on Monday. <br /> "Based on assessment of district and local level's situation, district can either tighten or ease the situation," read the circular of the Home Ministry. The Home Ministry also instructed the local administrations and other agencies to make vaccination card mandatory to receive public services from January 21. <br /> It has urged people to keep vaccination card with them (even if its photo in mobile phone) to enter public places (office, hotel, restaurant, cinema hall, stadium, flight, park etc). According to the circular, the entry in public places will be allowed only after checking vaccination card from January 21. <br /> Local administrations and police forces have been asked to facilitate in establishing free antigen test booths in public places and take ahead the vaccination as a campaign. <br /> The new containment measures introduced through the minister-level meeting comes in the wake of the rapid rise of Covid-19 cases and outbreak of new Omicron variant. <br /> </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14367', 'image' => '20220111041144_Home Ministry.jpg', 'article_date' => '2022-01-11 16:09:10', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 7 => array( 'Article' => array( 'id' => '14623', 'article_category_id' => '1', 'title' => 'Finance Minister Sharma Stands Against Another Lockdown ', 'sub_title' => '', 'summary' => 'Minister for Finance Janardan Sharma claims the current problem of liquidity shortage will go away in one month', 'content' => '<p>Jan 11: Minister for Finance Janardan Sharma has claimed the current problem of liquidity shortage will be resolved in one month. </p> <p>Addressing the inaugural ceremony of Confederation of Banks and Financial Institutions, Nepal (CBFIN) on Monday, he said that the liquidity pressure that the banking industry is currently facing will ease within Magh (by mid February). </p> <p>"There is definitely some pressures in the economy. But, it's not a crisis as has been portrayed outside," said Finance Minister Sharma. "We have taken steps to resolve the liquidity shortage within Magh [mid February," he said. <br /> According to Finance Minister Sharma, the liquidity pressure was a result of disbursements of bank loans to businesses that have been halted for two years due to Covid-19. <br /> He also urged bank and financial institutions to not raise interest rates on loans to businesses for a certain period. <br /> Finance Minister Sharma was of the view that the country should not go for another lockdown. <br /> His remark against the lockdown comes amid concerns from the private sector about possible containment measures including the lockdown amid a spike in Covid-19 cases due to outbreak of new variant Omicron. <br /> "There are concerns that whether there would be another lockdown. We should not take that path. The economy cannot afford another lockdown," he said. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14366', 'image' => '20220111010226_IMG_2798.jpg', 'article_date' => '2022-01-11 13:00:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '14622', 'article_category_id' => '1', 'title' => ' Govt-owned FMTC Purchases 2,200 Tons of Paddy ', 'sub_title' => '', 'summary' => 'Food Management and Trading Company Ltd (FMTC) purchases 2,200 tons of paddy from farmers. ', 'content' => '<p>Jan 11: Food Management and Trading Company Ltd (FMTC) has purchased 2,200 tons of paddy from farmers. <br /> The state-owned company has set a target to purchase 30,000 tons of paddy in the current fiscal year. <br /> FMTC has been purchasing paddy at a minimum support price fixed by the government to intervene in the market and protect farmers from middlemen.<br /> Though the company had planned to purchase paddy from 12 places across the country, it has so far bought paddy from eight districts at Rs 2,902 per quintal for medium size paddy and Rs 2,752 per quintal for mota paddy (short grain) from eight districts. <br /> According to Sharmila Neupane, information officer at FMTC, the company has purchased 55 tons paddy from Birtamode, 239 tons from Biratnagar, 507 tons from Lahan, 695 tons from Birgunj, 107 tons from Nepalgunj, 560 tons from Rajapur, 5 tons from Dhangadhi and 53 tons from Mahendranagar. She said that FMTC has also directed its depots and purchase centers to purchase lentils and cereals in small quantity along with paddy. </p> <p>Though the company had set a target of collecting 60,000 tons of paddy in the last fiscal year, it was able to purchase only 27,700 tons. The company is likely to miss its target of purchasing 30,000 tons of paddy in the current fiscal year. FMTC officials say that it has been challenging to purchase paddy in huge quantity due to standards set to purchase the crop and store it for a long time. <br /> They say that the quality of paddy has deteriorated due to unseasonal rains in October last year. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14365', 'image' => '20220111123857_FMTC.jpg', 'article_date' => '2022-01-11 12:36:55', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '14621', 'article_category_id' => '1', 'title' => 'Govt Closes Schools for 19 Days as Covid Cases Rise Rapidly ', 'sub_title' => '', 'summary' => 'The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases.', 'content' => '<p>Jan 10: <br /> The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases. <br /> Following a recommendation from the COVID Crisis Management Center (CCMC) on Sunday, the Ministry of Education, Science and Technology decided today decided to shut schools across the country for 19 days. </p> <p>According to a statement of the ministry, all primary and secondary schools across the country will remain close until January 29. Stating that the Covid-19 infection was rising rapidly along with confirmation of Omicron variant, the ministry said that it decided to close schools keeping in view the health safety of students. </p> <p>The 19-day school closure to be adjusted from annual holiday will begin from January 11 (tomorrow), the ministry said in its statement. <br /> Meanwhile, the ministry has also urged guardians to send their children to receive vaccine by contacting their school as the government plans to inoculate the children between the age of 12 and 17 in all local levels. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14364', 'image' => '20220110040446_Schools.jpg', 'article_date' => '2022-01-10 16:02:43', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '14620', 'article_category_id' => '1', 'title' => 'NRB Directs BFIs to Follow Health Protocols Amid Spike in Covid Cases ', 'sub_title' => '', 'summary' => 'With a spike in Covid-19 cases, the Nepal Rastra Bank (NRB) issues a circular to bank and financial institutions to take necessary safety measures while providing their services. ', 'content' => '<p>Jan 10: With a spike in Covid-19 cases in recent days, the Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) to take necessary safety measures while providing their services. <br /> In a circular issued today, the NRB told BFIs to follow health safety protocols issued by the government and the World Health Organization to reduce the risk of infection. <br /> BFIs have been told to make necessary arrangements to provide their services by maintaining physical distance and avoid crowding. <br /> In its circular, the central bank also directed BFIs to make arrangement of keeping the door of ATM booths open and ensure that there is hand sanitizer in the booth. <br /> NRB also asked BFIs to ensure that the physical distance is maintained in their meeting, seminars or trainings or conduct them virtually. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14363', 'image' => '20220110033113_NRB.jpg', 'article_date' => '2022-01-10 15:28:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '14619', 'article_category_id' => '1', 'title' => 'Flow of Goods Resumes at Nepal-China Borders ', 'sub_title' => '', 'summary' => 'Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. ', 'content' => '<p>January 9: Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. <br /> According to the customs official, 10 containers arrived in Nepal from Tatopani checkpoint in Bhotekoshi Rural Municipality-2 on Friday. <br /> According to Narad Gautam, chief customs officer at the Tatopani Dry Port and Customs Office, about 100 containers weighing up to 120 CBM were stopped at the Nyalam and Khasa parking lots as the road was filled with 4 feet of snow. <br /> As soon as the snowfall stops, they will be loaded and brought to Nepal. Earlier, the Tatopani checkpoint was closed due to heavy snowfall in Khasa and Nyalam areas of China. Containers have started moving from Friday. <br /> Similarly, Rasuwagadhi checkpoint, which was blocked due to snowfall and dry landslides, has also come into operation. The Syafrubenshi-Rasuwagadhi section of the highway has been fully operational since Friday after the obstruction was removed. <br /> According to the local administration, all kinds of vehicles including passenger buses and container boxes carrying goods imported from China started moving freely as soon as the highway was opened. <br /> Chief District Officer Nawaraj Jaisi informed that the power supply to Timure and Rasuwagadhi areas has been restored by managing the power poles and wires damaged by the landslide. <br /> Due to the landslide from near Kalangkulung river in Gosaikunda Rural Municipality-3, electricity, telephone and internet service had been disrupted since the January 4. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14362', 'image' => '20220110031525_Nepal China border.jpeg', 'article_date' => '2022-01-10 15:12:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '14618', 'article_category_id' => '1', 'title' => 'NHPC to acquire Sunkoshi Hydropower Ltd ', 'sub_title' => '', 'summary' => 'National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. ', 'content' => '<p>Jan 07: National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. <br /> Kumar Pandey, Chairman of NHPC, said that the necessary process to acquire Sunkoshi Hydropower Limited has been initiated. According to Pandey, both companies have formed their merger committees. <br /> Sunkoshi Hydropower Company was established to build a 4.5 MW Lower Indrawati hydropower project. However, the license of the project was scrapped due to technical problems. The project has now been awarded to NHPC. At present, Sunkoshi Hydropower Company does not have any project license. Therefore, it is being merged with NHPC, said Pandey.<br /> "Since Sunkoshi Hydropower Company was left without any project, the presence of the company did not have any meaning. So, the merger with NHPC has been initiated which will help in lowering administrative costs for the company, "he said." <br /> He said that the merger process will be completed by mid-January. "Now that the internal preparations have been completed, we will hold a general assembly and finalize the merger process," he said.<br /> The company is planning to distribute Rs 617 million in dividend to its shareholders as bonus shares as the write-back of the investment in Sunkoshi Hydropower has improved its financial performance. Pandey said that the company plans to offer up to 20 percent bonus shares to its shareholders from the next general meeting.</p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14361', 'image' => '20220109053428_slide8-770x400.jpg', 'article_date' => '2022-01-09 17:31:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '14617', 'article_category_id' => '1', 'title' => 'Five Candidates Shortlisted for Nepse's CEO', 'sub_title' => '', 'summary' => 'The recommendation committee is set to forward three names to the cabinet for the selection of the CEO following their presentation of working paper today.', 'content' => '<p>January 9: Five candidates have been shortlisted for the post of chief executive officer (CEO) of Nepal Stock Exchange (NEPSE) Ltd in the first phase. <br /> According to the recommendation committee, it shortlisted top five candidates on the basis of the evaluation of nearly a dozen applications that it had received for the post of Nepse's CEO. The committee was formed under Ramesh KC, a joint secretary at the Ministry of Finance, to recommend the new CEO of the company that operates the only stock exchange market in the country. Ritesh Shakya, another joint secretary of the ministry, and Jivanath Dhital, an expert on securities market, were other members of former chairman of Nepse are members of the committee.<br /> Nepse's acting CEO Niranjan Phuyal, Prabin Pandak, Ramesh Kumar Bhattarai, Ramesh Ghimire, Chabi Raj Panta, Govinda Dahal, Keshav Prasad Shrestha, Badri Prasad Pyakurel, Jiban Amagain, Krishna Bahadur Karki and Dipak Gautam had applied for the post of CEO.<br /> Krishna Bahadur Karki, Keshav Prasad Shrestha, Pravin Pandak, Ramesh Ghimire and Ramesh Kumar Bhandari in the first phase. The committee is set to recommend three names for the selection of the CEO following their presentation of working paper before the recommendation plan. The presentation is scheduled to be held today. <br /> Based on the recommended three names, the cabinet will pick the new Nepse CEO for a tenure of four years. The post had fallen vacant after the then CEO Chandra Singh Saud stepped down from his post amid his involvement in insider trade of shares in Sarbottam Cement prior to its IPO. </p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14360', 'image' => '20220109013709_Nepse.jpg', 'article_date' => '2022-01-09 13:35:21', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '14616', 'article_category_id' => '1', 'title' => 'Insurance Board includes Controversial Provision of Reinsurance in Amended Directive', 'sub_title' => '', 'summary' => 'January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. The board had issued a directive on November 25 asking all stakeholders to purchase reinsurance policies only from domestic companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board amended the directive and issued a fresh directive on Thursday which indirectly mandates the insurance companies of Nepal to purchase reinsurance policies within the country. There are only two reinsurance companies in Nepal</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the principle of insurance, it is not advisable to reinsure with the same or a few companies. It is not good to bear all the risks in one's own country. In view of such practice, the board had instructed the reinsurance companies to take as much risk as they can and transfer other risks to other reinsurers through retrocession. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, reinsurance facility could be availed only through rated companies. As there is no rated company in Nepal, the board has removed this limitation in case of Nepal companies. Insurance companies can avail reinsurance service from foreign companies only when a domestic company declines to reinsure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Poudel, CEO of Insurance Board said that the provision of requiring insurance companies to reinsure in the country should not be misunderstood. "Reinsurance within the country would stop the outflow of money. It would not cause any problem in risk diversification either,” he said, adding, “A probe committee is doing necessary study in this regard. A report will be prepared soon, then we can consider it."</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, insurance companies now have to reinsure B Plus, BBB, BAA rated companies as subsidiaries. The rating of the parent company should be A minus, A three.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the Insurance Board has restricted insurance companies from extending loans to insurance agents stating it to be unproductive. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-01-07', 'modified' => '2022-01-07', 'keywords' => '', 'description' => '', 'sortorder' => '14359', 'image' => '20220107025646_Insurance board.jpg', 'article_date' => '2022-01-07 14:56:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14630', 'article_category_id' => '1', 'title' => 'Nepal, UK Agree to Sign Labour Pact Related to Nursing Sector', 'sub_title' => '', 'summary' => 'January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The two countries reached an understanding during a meeting held between the officials of both the countries on Friday to send workers from Nepal to the UK. According to the Ministry of Labour, Employment and Social Security, the UK has agreed to provide employment opportunities to Nepali workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Labour ministry’s spokesperson Dandu Raj Ghimire confirmed that the two countries have decided to sign an agreement to make arrangement of employment for Nepali workers in London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, representatives of 'Department of Health Services' and 'National Health Services' of the United Kingdom and representatives of the Government of Nepal agreed to sign an accord in this regard within March. As per the understanding, both sides will involve in drafting a Memorandum of Understanding (MoU). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ghimire shared that an understanding has been reached to finalize the issues of relocating the Nepali workers to health sector of London as soon as possible. However, the modality of relocating the Nepali workers has not been finalized yet. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is believed that the human resources of Nepal’s nursing sector would get employment opportunity under the National Health Services of London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief of Employment Management Division under the Labour Ministry, Rajeev Pokharel, Under-Secretary Thaneshwor Bhusal, representatives of Department of Foreign Employment and Foreign Ministry attended the meeting on the behalf of the Government of Nepal. Similarly, representatives of the Department of Health Services, National Health Services and Embassy of the United Kingdom in Kathmandu were present in the meeting, RSS reported. </span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">a</span></span></p> ', 'published' => true, 'created' => '2022-01-16', 'modified' => '2022-01-16', 'keywords' => '', 'description' => '', 'sortorder' => '14373', 'image' => '20220116042630_Flag600x600.jpg', 'article_date' => '2022-01-16 16:24:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14628', 'article_category_id' => '1', 'title' => 'Remittance Inflow Declines by 6.8 Percent', 'sub_title' => '', 'summary' => 'January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Thursday states that remittance inflow decreased 6.8 percent to Rs 388.58 billion in the review period against an increase of 11.0 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In the US Dollar terms, remittance inflows decreased 7.3 percent to 3.26 billion in the review period against an increase of 6.4 percent in the same period of the previous year,” the report based on first months of the current fiscal year states. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank said that the number of Nepali citizens taking approval for foreign employment increased significantly to 131,082 in the review period. It had decreased by 92.7 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the number of Nepali workers (renew entry) taking approval for foreign employment increased 295.8 percent to 99,580 in the review period. It had decreased 77.3 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14372', 'image' => '20220114032059_Remittance.jpg', 'article_date' => '2022-01-14 15:20:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14629', 'article_category_id' => '1', 'title' => 'Finance Minister in Favour of Printing Excise Duty Stickers in Nepal ', 'sub_title' => '', 'summary' => 'January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inspecting the security printing press going to be installed at Panauti-based IT Park on Thursday, Minister Sharma asked the Security Printing Press to provide the stickers necessary for the Finance Ministry immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The Ministry needs around three billion stickers. How many machines are required to print such quantity of stickers. I request the concerned authorities to install the machines immediately by importing them," he shared. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Finance Minister mentioned that the machine to be installed at the IT Park would print everything except currency notes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pointing out the need of printing the stickers, Minister Sharma expressed the belief that the printing centre would address the need for it. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Ministry collects around Rs 100 billion revenue from exercise-duty stickers. -- RSS </span></span></p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14371', 'image' => '20220114032812_RoS-KTM-Kavre-FinanceMinisterSharmaa.jpg', 'article_date' => '2022-01-14 15:27:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14627', 'article_category_id' => '1', 'title' => 'Govt Forms Committee to Probe into Chartered Flights Irregularities ', 'sub_title' => '', 'summary' => 'January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The three-member probe committee was formed on Thursday (January 13) under coordination of Joint-Secretary at the tourism ministry, Hom Prasad Luintel. Under-Secretary Tek Narayan Poudel and acting Director General of the Civil Aviation Authority of Nepal, Prem Nath Thakur, are the members of the committee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The probe committee has been asked to submit its report within 10 days. The probe committee would start its work from today (January 14), said Coordinator Luintel. -- RSS </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14370', 'image' => '20220114030324_20201109112912_1604878353.14.jpg', 'article_date' => '2022-01-14 15:02:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14626', 'article_category_id' => '1', 'title' => 'FCAN Demands Inclusion of only Domestic Contractors for bids up to Rs 3 Billion', 'sub_title' => '', 'summary' => 'January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). The federation has requested amendment of the Public Procurement Regulation 2064 to make such arrangements in order to promote domestic companies.</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 federation submitted a memorandum during a meeting with Kalyani Kumari Khadka, chairperson of the Development and Technology Committee of the federal parliament on Thursday. FCAN President Ravi Singh said that the country has not been able to make strides in infrastructure development as the related laws and regulations are not construction-friendly.</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 presenting the written suggestions, he said that the Nepali construction entrepreneurs should be awarded tenders worth Rs 3 billion. The federation has suggested including such provision in the 11th amendment to the Public Procurement Regulation.</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"">Similarly, the federation has demanded to make arrangements for allowing a construction company to undertake a maximum of three contracts at a time for projects worth more than Rs 30 million and two contracts for projects less than Rs 30 million. Likewise, the federation has demanded that the contractors should be allowed to participate in additional bids only after the completion of 80 percent works of the projects they have undertaken.</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""> Chairperson Khadka has also been informed about the existing problems faced by the construction entrepreneurs and the solutions.</span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14369', 'image' => '20220114022746_20210614012250_20190108-gmc-pho-1049.jpg', 'article_date' => '2022-01-14 14:25:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14625', 'article_category_id' => '1', 'title' => '‘Private Sector to get Permission for Electricity Trade within One and a Half Months’ ', 'sub_title' => '', 'summary' => 'January 14: The government is preparing to allow the private sector to trade electricity within a month and a half.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The government is preparing to allow the private sector to trade electricity within a month and a half. Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that a work procedure is being prepared to allow the private sector to trade electricity and expressed commitment to complete the work within one and a half months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During a meeting with a delegation of the Confederation of Nepalese Industries (CMI) led by its president Bishnu Kumar Agrawal on Thursday, Minister Bhusal informed that the government is preparing a working procedure to this end. “Our idea is to involve the private sector in the export of electricity. We will not allow import of electricity. You have to find a destination and export,” she said.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Minister Bhusal said that the government will prepare work procedure in a way that the private sector can sell electricity directly in the international market. She said that procedure will be formulated to facilitate those who generate and sell electricity themselves. Furthermore, she said that the private sector would be involved not only in power generation but also in transmission. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Minister Bhusal, the government would take special initiative to export electricity to Bangladesh. As India is the main market for electricity generated in Nepal, she stressed on the need for the private sector to find a market in India. She said that the power purchase agreement of the semi-reservoir hydropower project will not be halted. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, Energy Secretary Devendra Karki said that India and Bangladesh are two important destinations for export of electricity generated in Nepal. He said that they are trying to promote electricity trade through separate high level mechanisms in both the countries. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the discussion, Agrawal said that there is a high demand for renewable energy in Bangladesh. He urged the government to create an environment for export of electricity generated in Nepal. Although the electricity export is challenging, he said that there is a lot of potential and the private sector is ready and capable to work for it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14368', 'image' => '20220114020228_electricity.jpg', 'article_date' => '2022-01-14 14:01:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14624', 'article_category_id' => '1', 'title' => 'Govt Makes Vaccination Card Mandatory to Get Public Services From January 21 ', 'sub_title' => '', 'summary' => 'The Ministry of Home Affairs (MoHA) issues a circular to all district administration offices (DAOs) and police forces to instruct them to restrict a gathering of more than 25 people in public places. ', 'content' => '<p>Jan 11: The Ministry of Home Affairs (MoHA) has issued a circular to all district administration offices (DAOs) and police forces to restrict gathering of more than 25 people in public places. <br /> In line with the recommendations of COVID-19 Crisis Management Center (CCMC), the Home Ministry has instructed DAOs and police forces to implement various measures to contain the spread of Covid-19. <br /> According to the eight-point circular, local administrations will now restrict any expo, festival or assembly where more than 25 people gather in public places. The local administration should issue permission even if there is any urgent programme to be held, according to the circular issued on Monday. <br /> "Based on assessment of district and local level's situation, district can either tighten or ease the situation," read the circular of the Home Ministry. The Home Ministry also instructed the local administrations and other agencies to make vaccination card mandatory to receive public services from January 21. <br /> It has urged people to keep vaccination card with them (even if its photo in mobile phone) to enter public places (office, hotel, restaurant, cinema hall, stadium, flight, park etc). According to the circular, the entry in public places will be allowed only after checking vaccination card from January 21. <br /> Local administrations and police forces have been asked to facilitate in establishing free antigen test booths in public places and take ahead the vaccination as a campaign. <br /> The new containment measures introduced through the minister-level meeting comes in the wake of the rapid rise of Covid-19 cases and outbreak of new Omicron variant. <br /> </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14367', 'image' => '20220111041144_Home Ministry.jpg', 'article_date' => '2022-01-11 16:09:10', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 7 => array( 'Article' => array( 'id' => '14623', 'article_category_id' => '1', 'title' => 'Finance Minister Sharma Stands Against Another Lockdown ', 'sub_title' => '', 'summary' => 'Minister for Finance Janardan Sharma claims the current problem of liquidity shortage will go away in one month', 'content' => '<p>Jan 11: Minister for Finance Janardan Sharma has claimed the current problem of liquidity shortage will be resolved in one month. </p> <p>Addressing the inaugural ceremony of Confederation of Banks and Financial Institutions, Nepal (CBFIN) on Monday, he said that the liquidity pressure that the banking industry is currently facing will ease within Magh (by mid February). </p> <p>"There is definitely some pressures in the economy. But, it's not a crisis as has been portrayed outside," said Finance Minister Sharma. "We have taken steps to resolve the liquidity shortage within Magh [mid February," he said. <br /> According to Finance Minister Sharma, the liquidity pressure was a result of disbursements of bank loans to businesses that have been halted for two years due to Covid-19. <br /> He also urged bank and financial institutions to not raise interest rates on loans to businesses for a certain period. <br /> Finance Minister Sharma was of the view that the country should not go for another lockdown. <br /> His remark against the lockdown comes amid concerns from the private sector about possible containment measures including the lockdown amid a spike in Covid-19 cases due to outbreak of new variant Omicron. <br /> "There are concerns that whether there would be another lockdown. We should not take that path. The economy cannot afford another lockdown," he said. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14366', 'image' => '20220111010226_IMG_2798.jpg', 'article_date' => '2022-01-11 13:00:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '14622', 'article_category_id' => '1', 'title' => ' Govt-owned FMTC Purchases 2,200 Tons of Paddy ', 'sub_title' => '', 'summary' => 'Food Management and Trading Company Ltd (FMTC) purchases 2,200 tons of paddy from farmers. ', 'content' => '<p>Jan 11: Food Management and Trading Company Ltd (FMTC) has purchased 2,200 tons of paddy from farmers. <br /> The state-owned company has set a target to purchase 30,000 tons of paddy in the current fiscal year. <br /> FMTC has been purchasing paddy at a minimum support price fixed by the government to intervene in the market and protect farmers from middlemen.<br /> Though the company had planned to purchase paddy from 12 places across the country, it has so far bought paddy from eight districts at Rs 2,902 per quintal for medium size paddy and Rs 2,752 per quintal for mota paddy (short grain) from eight districts. <br /> According to Sharmila Neupane, information officer at FMTC, the company has purchased 55 tons paddy from Birtamode, 239 tons from Biratnagar, 507 tons from Lahan, 695 tons from Birgunj, 107 tons from Nepalgunj, 560 tons from Rajapur, 5 tons from Dhangadhi and 53 tons from Mahendranagar. She said that FMTC has also directed its depots and purchase centers to purchase lentils and cereals in small quantity along with paddy. </p> <p>Though the company had set a target of collecting 60,000 tons of paddy in the last fiscal year, it was able to purchase only 27,700 tons. The company is likely to miss its target of purchasing 30,000 tons of paddy in the current fiscal year. FMTC officials say that it has been challenging to purchase paddy in huge quantity due to standards set to purchase the crop and store it for a long time. <br /> They say that the quality of paddy has deteriorated due to unseasonal rains in October last year. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14365', 'image' => '20220111123857_FMTC.jpg', 'article_date' => '2022-01-11 12:36:55', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '14621', 'article_category_id' => '1', 'title' => 'Govt Closes Schools for 19 Days as Covid Cases Rise Rapidly ', 'sub_title' => '', 'summary' => 'The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases.', 'content' => '<p>Jan 10: <br /> The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases. <br /> Following a recommendation from the COVID Crisis Management Center (CCMC) on Sunday, the Ministry of Education, Science and Technology decided today decided to shut schools across the country for 19 days. </p> <p>According to a statement of the ministry, all primary and secondary schools across the country will remain close until January 29. Stating that the Covid-19 infection was rising rapidly along with confirmation of Omicron variant, the ministry said that it decided to close schools keeping in view the health safety of students. </p> <p>The 19-day school closure to be adjusted from annual holiday will begin from January 11 (tomorrow), the ministry said in its statement. <br /> Meanwhile, the ministry has also urged guardians to send their children to receive vaccine by contacting their school as the government plans to inoculate the children between the age of 12 and 17 in all local levels. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14364', 'image' => '20220110040446_Schools.jpg', 'article_date' => '2022-01-10 16:02:43', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '14620', 'article_category_id' => '1', 'title' => 'NRB Directs BFIs to Follow Health Protocols Amid Spike in Covid Cases ', 'sub_title' => '', 'summary' => 'With a spike in Covid-19 cases, the Nepal Rastra Bank (NRB) issues a circular to bank and financial institutions to take necessary safety measures while providing their services. ', 'content' => '<p>Jan 10: With a spike in Covid-19 cases in recent days, the Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) to take necessary safety measures while providing their services. <br /> In a circular issued today, the NRB told BFIs to follow health safety protocols issued by the government and the World Health Organization to reduce the risk of infection. <br /> BFIs have been told to make necessary arrangements to provide their services by maintaining physical distance and avoid crowding. <br /> In its circular, the central bank also directed BFIs to make arrangement of keeping the door of ATM booths open and ensure that there is hand sanitizer in the booth. <br /> NRB also asked BFIs to ensure that the physical distance is maintained in their meeting, seminars or trainings or conduct them virtually. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14363', 'image' => '20220110033113_NRB.jpg', 'article_date' => '2022-01-10 15:28:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '14619', 'article_category_id' => '1', 'title' => 'Flow of Goods Resumes at Nepal-China Borders ', 'sub_title' => '', 'summary' => 'Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. ', 'content' => '<p>January 9: Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. <br /> According to the customs official, 10 containers arrived in Nepal from Tatopani checkpoint in Bhotekoshi Rural Municipality-2 on Friday. <br /> According to Narad Gautam, chief customs officer at the Tatopani Dry Port and Customs Office, about 100 containers weighing up to 120 CBM were stopped at the Nyalam and Khasa parking lots as the road was filled with 4 feet of snow. <br /> As soon as the snowfall stops, they will be loaded and brought to Nepal. Earlier, the Tatopani checkpoint was closed due to heavy snowfall in Khasa and Nyalam areas of China. Containers have started moving from Friday. <br /> Similarly, Rasuwagadhi checkpoint, which was blocked due to snowfall and dry landslides, has also come into operation. The Syafrubenshi-Rasuwagadhi section of the highway has been fully operational since Friday after the obstruction was removed. <br /> According to the local administration, all kinds of vehicles including passenger buses and container boxes carrying goods imported from China started moving freely as soon as the highway was opened. <br /> Chief District Officer Nawaraj Jaisi informed that the power supply to Timure and Rasuwagadhi areas has been restored by managing the power poles and wires damaged by the landslide. <br /> Due to the landslide from near Kalangkulung river in Gosaikunda Rural Municipality-3, electricity, telephone and internet service had been disrupted since the January 4. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14362', 'image' => '20220110031525_Nepal China border.jpeg', 'article_date' => '2022-01-10 15:12:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '14618', 'article_category_id' => '1', 'title' => 'NHPC to acquire Sunkoshi Hydropower Ltd ', 'sub_title' => '', 'summary' => 'National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. ', 'content' => '<p>Jan 07: National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. <br /> Kumar Pandey, Chairman of NHPC, said that the necessary process to acquire Sunkoshi Hydropower Limited has been initiated. According to Pandey, both companies have formed their merger committees. <br /> Sunkoshi Hydropower Company was established to build a 4.5 MW Lower Indrawati hydropower project. However, the license of the project was scrapped due to technical problems. The project has now been awarded to NHPC. At present, Sunkoshi Hydropower Company does not have any project license. Therefore, it is being merged with NHPC, said Pandey.<br /> "Since Sunkoshi Hydropower Company was left without any project, the presence of the company did not have any meaning. So, the merger with NHPC has been initiated which will help in lowering administrative costs for the company, "he said." <br /> He said that the merger process will be completed by mid-January. "Now that the internal preparations have been completed, we will hold a general assembly and finalize the merger process," he said.<br /> The company is planning to distribute Rs 617 million in dividend to its shareholders as bonus shares as the write-back of the investment in Sunkoshi Hydropower has improved its financial performance. Pandey said that the company plans to offer up to 20 percent bonus shares to its shareholders from the next general meeting.</p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14361', 'image' => '20220109053428_slide8-770x400.jpg', 'article_date' => '2022-01-09 17:31:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '14617', 'article_category_id' => '1', 'title' => 'Five Candidates Shortlisted for Nepse's CEO', 'sub_title' => '', 'summary' => 'The recommendation committee is set to forward three names to the cabinet for the selection of the CEO following their presentation of working paper today.', 'content' => '<p>January 9: Five candidates have been shortlisted for the post of chief executive officer (CEO) of Nepal Stock Exchange (NEPSE) Ltd in the first phase. <br /> According to the recommendation committee, it shortlisted top five candidates on the basis of the evaluation of nearly a dozen applications that it had received for the post of Nepse's CEO. The committee was formed under Ramesh KC, a joint secretary at the Ministry of Finance, to recommend the new CEO of the company that operates the only stock exchange market in the country. Ritesh Shakya, another joint secretary of the ministry, and Jivanath Dhital, an expert on securities market, were other members of former chairman of Nepse are members of the committee.<br /> Nepse's acting CEO Niranjan Phuyal, Prabin Pandak, Ramesh Kumar Bhattarai, Ramesh Ghimire, Chabi Raj Panta, Govinda Dahal, Keshav Prasad Shrestha, Badri Prasad Pyakurel, Jiban Amagain, Krishna Bahadur Karki and Dipak Gautam had applied for the post of CEO.<br /> Krishna Bahadur Karki, Keshav Prasad Shrestha, Pravin Pandak, Ramesh Ghimire and Ramesh Kumar Bhandari in the first phase. The committee is set to recommend three names for the selection of the CEO following their presentation of working paper before the recommendation plan. The presentation is scheduled to be held today. <br /> Based on the recommended three names, the cabinet will pick the new Nepse CEO for a tenure of four years. The post had fallen vacant after the then CEO Chandra Singh Saud stepped down from his post amid his involvement in insider trade of shares in Sarbottam Cement prior to its IPO. </p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14360', 'image' => '20220109013709_Nepse.jpg', 'article_date' => '2022-01-09 13:35:21', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '14616', 'article_category_id' => '1', 'title' => 'Insurance Board includes Controversial Provision of Reinsurance in Amended Directive', 'sub_title' => '', 'summary' => 'January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. The board had issued a directive on November 25 asking all stakeholders to purchase reinsurance policies only from domestic companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board amended the directive and issued a fresh directive on Thursday which indirectly mandates the insurance companies of Nepal to purchase reinsurance policies within the country. There are only two reinsurance companies in Nepal</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the principle of insurance, it is not advisable to reinsure with the same or a few companies. It is not good to bear all the risks in one's own country. In view of such practice, the board had instructed the reinsurance companies to take as much risk as they can and transfer other risks to other reinsurers through retrocession. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, reinsurance facility could be availed only through rated companies. As there is no rated company in Nepal, the board has removed this limitation in case of Nepal companies. Insurance companies can avail reinsurance service from foreign companies only when a domestic company declines to reinsure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Poudel, CEO of Insurance Board said that the provision of requiring insurance companies to reinsure in the country should not be misunderstood. "Reinsurance within the country would stop the outflow of money. It would not cause any problem in risk diversification either,” he said, adding, “A probe committee is doing necessary study in this regard. A report will be prepared soon, then we can consider it."</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, insurance companies now have to reinsure B Plus, BBB, BAA rated companies as subsidiaries. The rating of the parent company should be A minus, A three.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the Insurance Board has restricted insurance companies from extending loans to insurance agents stating it to be unproductive. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-01-07', 'modified' => '2022-01-07', 'keywords' => '', 'description' => '', 'sortorder' => '14359', 'image' => '20220107025646_Insurance board.jpg', 'article_date' => '2022-01-07 14:56:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The two countries reached an understanding during a meeting held between the officials of both the countries on Friday to send workers from Nepal to the UK. According to the Ministry of Labour, Employment and Social Security, the UK has agreed to provide employment opportunities to Nepali workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Labour ministry’s spokesperson Dandu Raj Ghimire confirmed that the two countries have decided to sign an agreement to make arrangement of employment for Nepali workers in London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, representatives of 'Department of Health Services' and 'National Health Services' of the United Kingdom and representatives of the Government of Nepal agreed to sign an accord in this regard within March. As per the understanding, both sides will involve in drafting a Memorandum of Understanding (MoU). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ghimire shared that an understanding has been reached to finalize the issues of relocating the Nepali workers to health sector of London as soon as possible. However, the modality of relocating the Nepali workers has not been finalized yet. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is believed that the human resources of Nepal’s nursing sector would get employment opportunity under the National Health Services of London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief of Employment Management Division under the Labour Ministry, Rajeev Pokharel, Under-Secretary Thaneshwor Bhusal, representatives of Department of Foreign Employment and Foreign Ministry attended the meeting on the behalf of the Government of Nepal. Similarly, representatives of the Department of Health Services, National Health Services and Embassy of the United Kingdom in Kathmandu were present in the meeting, RSS reported. </span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">a</span></span></p> ', 'published' => true, 'created' => '2022-01-16', 'modified' => '2022-01-16', 'keywords' => '', 'description' => '', 'sortorder' => '14373', 'image' => '20220116042630_Flag600x600.jpg', 'article_date' => '2022-01-16 16:24:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14628', 'article_category_id' => '1', 'title' => 'Remittance Inflow Declines by 6.8 Percent', 'sub_title' => '', 'summary' => 'January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Thursday states that remittance inflow decreased 6.8 percent to Rs 388.58 billion in the review period against an increase of 11.0 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In the US Dollar terms, remittance inflows decreased 7.3 percent to 3.26 billion in the review period against an increase of 6.4 percent in the same period of the previous year,” the report based on first months of the current fiscal year states. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank said that the number of Nepali citizens taking approval for foreign employment increased significantly to 131,082 in the review period. It had decreased by 92.7 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the number of Nepali workers (renew entry) taking approval for foreign employment increased 295.8 percent to 99,580 in the review period. It had decreased 77.3 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14372', 'image' => '20220114032059_Remittance.jpg', 'article_date' => '2022-01-14 15:20:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14629', 'article_category_id' => '1', 'title' => 'Finance Minister in Favour of Printing Excise Duty Stickers in Nepal ', 'sub_title' => '', 'summary' => 'January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inspecting the security printing press going to be installed at Panauti-based IT Park on Thursday, Minister Sharma asked the Security Printing Press to provide the stickers necessary for the Finance Ministry immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The Ministry needs around three billion stickers. How many machines are required to print such quantity of stickers. I request the concerned authorities to install the machines immediately by importing them," he shared. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Finance Minister mentioned that the machine to be installed at the IT Park would print everything except currency notes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pointing out the need of printing the stickers, Minister Sharma expressed the belief that the printing centre would address the need for it. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Ministry collects around Rs 100 billion revenue from exercise-duty stickers. -- RSS </span></span></p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14371', 'image' => '20220114032812_RoS-KTM-Kavre-FinanceMinisterSharmaa.jpg', 'article_date' => '2022-01-14 15:27:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14627', 'article_category_id' => '1', 'title' => 'Govt Forms Committee to Probe into Chartered Flights Irregularities ', 'sub_title' => '', 'summary' => 'January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The three-member probe committee was formed on Thursday (January 13) under coordination of Joint-Secretary at the tourism ministry, Hom Prasad Luintel. Under-Secretary Tek Narayan Poudel and acting Director General of the Civil Aviation Authority of Nepal, Prem Nath Thakur, are the members of the committee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The probe committee has been asked to submit its report within 10 days. The probe committee would start its work from today (January 14), said Coordinator Luintel. -- RSS </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14370', 'image' => '20220114030324_20201109112912_1604878353.14.jpg', 'article_date' => '2022-01-14 15:02:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14626', 'article_category_id' => '1', 'title' => 'FCAN Demands Inclusion of only Domestic Contractors for bids up to Rs 3 Billion', 'sub_title' => '', 'summary' => 'January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). The federation has requested amendment of the Public Procurement Regulation 2064 to make such arrangements in order to promote domestic companies.</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 federation submitted a memorandum during a meeting with Kalyani Kumari Khadka, chairperson of the Development and Technology Committee of the federal parliament on Thursday. FCAN President Ravi Singh said that the country has not been able to make strides in infrastructure development as the related laws and regulations are not construction-friendly.</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 presenting the written suggestions, he said that the Nepali construction entrepreneurs should be awarded tenders worth Rs 3 billion. The federation has suggested including such provision in the 11th amendment to the Public Procurement Regulation.</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"">Similarly, the federation has demanded to make arrangements for allowing a construction company to undertake a maximum of three contracts at a time for projects worth more than Rs 30 million and two contracts for projects less than Rs 30 million. Likewise, the federation has demanded that the contractors should be allowed to participate in additional bids only after the completion of 80 percent works of the projects they have undertaken.</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""> Chairperson Khadka has also been informed about the existing problems faced by the construction entrepreneurs and the solutions.</span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14369', 'image' => '20220114022746_20210614012250_20190108-gmc-pho-1049.jpg', 'article_date' => '2022-01-14 14:25:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14625', 'article_category_id' => '1', 'title' => '‘Private Sector to get Permission for Electricity Trade within One and a Half Months’ ', 'sub_title' => '', 'summary' => 'January 14: The government is preparing to allow the private sector to trade electricity within a month and a half.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The government is preparing to allow the private sector to trade electricity within a month and a half. Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that a work procedure is being prepared to allow the private sector to trade electricity and expressed commitment to complete the work within one and a half months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During a meeting with a delegation of the Confederation of Nepalese Industries (CMI) led by its president Bishnu Kumar Agrawal on Thursday, Minister Bhusal informed that the government is preparing a working procedure to this end. “Our idea is to involve the private sector in the export of electricity. We will not allow import of electricity. You have to find a destination and export,” she said.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Minister Bhusal said that the government will prepare work procedure in a way that the private sector can sell electricity directly in the international market. She said that procedure will be formulated to facilitate those who generate and sell electricity themselves. Furthermore, she said that the private sector would be involved not only in power generation but also in transmission. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Minister Bhusal, the government would take special initiative to export electricity to Bangladesh. As India is the main market for electricity generated in Nepal, she stressed on the need for the private sector to find a market in India. She said that the power purchase agreement of the semi-reservoir hydropower project will not be halted. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, Energy Secretary Devendra Karki said that India and Bangladesh are two important destinations for export of electricity generated in Nepal. He said that they are trying to promote electricity trade through separate high level mechanisms in both the countries. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the discussion, Agrawal said that there is a high demand for renewable energy in Bangladesh. He urged the government to create an environment for export of electricity generated in Nepal. Although the electricity export is challenging, he said that there is a lot of potential and the private sector is ready and capable to work for it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14368', 'image' => '20220114020228_electricity.jpg', 'article_date' => '2022-01-14 14:01:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14624', 'article_category_id' => '1', 'title' => 'Govt Makes Vaccination Card Mandatory to Get Public Services From January 21 ', 'sub_title' => '', 'summary' => 'The Ministry of Home Affairs (MoHA) issues a circular to all district administration offices (DAOs) and police forces to instruct them to restrict a gathering of more than 25 people in public places. ', 'content' => '<p>Jan 11: The Ministry of Home Affairs (MoHA) has issued a circular to all district administration offices (DAOs) and police forces to restrict gathering of more than 25 people in public places. <br /> In line with the recommendations of COVID-19 Crisis Management Center (CCMC), the Home Ministry has instructed DAOs and police forces to implement various measures to contain the spread of Covid-19. <br /> According to the eight-point circular, local administrations will now restrict any expo, festival or assembly where more than 25 people gather in public places. The local administration should issue permission even if there is any urgent programme to be held, according to the circular issued on Monday. <br /> "Based on assessment of district and local level's situation, district can either tighten or ease the situation," read the circular of the Home Ministry. The Home Ministry also instructed the local administrations and other agencies to make vaccination card mandatory to receive public services from January 21. <br /> It has urged people to keep vaccination card with them (even if its photo in mobile phone) to enter public places (office, hotel, restaurant, cinema hall, stadium, flight, park etc). According to the circular, the entry in public places will be allowed only after checking vaccination card from January 21. <br /> Local administrations and police forces have been asked to facilitate in establishing free antigen test booths in public places and take ahead the vaccination as a campaign. <br /> The new containment measures introduced through the minister-level meeting comes in the wake of the rapid rise of Covid-19 cases and outbreak of new Omicron variant. <br /> </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14367', 'image' => '20220111041144_Home Ministry.jpg', 'article_date' => '2022-01-11 16:09:10', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 7 => array( 'Article' => array( 'id' => '14623', 'article_category_id' => '1', 'title' => 'Finance Minister Sharma Stands Against Another Lockdown ', 'sub_title' => '', 'summary' => 'Minister for Finance Janardan Sharma claims the current problem of liquidity shortage will go away in one month', 'content' => '<p>Jan 11: Minister for Finance Janardan Sharma has claimed the current problem of liquidity shortage will be resolved in one month. </p> <p>Addressing the inaugural ceremony of Confederation of Banks and Financial Institutions, Nepal (CBFIN) on Monday, he said that the liquidity pressure that the banking industry is currently facing will ease within Magh (by mid February). </p> <p>"There is definitely some pressures in the economy. But, it's not a crisis as has been portrayed outside," said Finance Minister Sharma. "We have taken steps to resolve the liquidity shortage within Magh [mid February," he said. <br /> According to Finance Minister Sharma, the liquidity pressure was a result of disbursements of bank loans to businesses that have been halted for two years due to Covid-19. <br /> He also urged bank and financial institutions to not raise interest rates on loans to businesses for a certain period. <br /> Finance Minister Sharma was of the view that the country should not go for another lockdown. <br /> His remark against the lockdown comes amid concerns from the private sector about possible containment measures including the lockdown amid a spike in Covid-19 cases due to outbreak of new variant Omicron. <br /> "There are concerns that whether there would be another lockdown. We should not take that path. The economy cannot afford another lockdown," he said. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14366', 'image' => '20220111010226_IMG_2798.jpg', 'article_date' => '2022-01-11 13:00:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '14622', 'article_category_id' => '1', 'title' => ' Govt-owned FMTC Purchases 2,200 Tons of Paddy ', 'sub_title' => '', 'summary' => 'Food Management and Trading Company Ltd (FMTC) purchases 2,200 tons of paddy from farmers. ', 'content' => '<p>Jan 11: Food Management and Trading Company Ltd (FMTC) has purchased 2,200 tons of paddy from farmers. <br /> The state-owned company has set a target to purchase 30,000 tons of paddy in the current fiscal year. <br /> FMTC has been purchasing paddy at a minimum support price fixed by the government to intervene in the market and protect farmers from middlemen.<br /> Though the company had planned to purchase paddy from 12 places across the country, it has so far bought paddy from eight districts at Rs 2,902 per quintal for medium size paddy and Rs 2,752 per quintal for mota paddy (short grain) from eight districts. <br /> According to Sharmila Neupane, information officer at FMTC, the company has purchased 55 tons paddy from Birtamode, 239 tons from Biratnagar, 507 tons from Lahan, 695 tons from Birgunj, 107 tons from Nepalgunj, 560 tons from Rajapur, 5 tons from Dhangadhi and 53 tons from Mahendranagar. She said that FMTC has also directed its depots and purchase centers to purchase lentils and cereals in small quantity along with paddy. </p> <p>Though the company had set a target of collecting 60,000 tons of paddy in the last fiscal year, it was able to purchase only 27,700 tons. The company is likely to miss its target of purchasing 30,000 tons of paddy in the current fiscal year. FMTC officials say that it has been challenging to purchase paddy in huge quantity due to standards set to purchase the crop and store it for a long time. <br /> They say that the quality of paddy has deteriorated due to unseasonal rains in October last year. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14365', 'image' => '20220111123857_FMTC.jpg', 'article_date' => '2022-01-11 12:36:55', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '14621', 'article_category_id' => '1', 'title' => 'Govt Closes Schools for 19 Days as Covid Cases Rise Rapidly ', 'sub_title' => '', 'summary' => 'The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases.', 'content' => '<p>Jan 10: <br /> The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases. <br /> Following a recommendation from the COVID Crisis Management Center (CCMC) on Sunday, the Ministry of Education, Science and Technology decided today decided to shut schools across the country for 19 days. </p> <p>According to a statement of the ministry, all primary and secondary schools across the country will remain close until January 29. Stating that the Covid-19 infection was rising rapidly along with confirmation of Omicron variant, the ministry said that it decided to close schools keeping in view the health safety of students. </p> <p>The 19-day school closure to be adjusted from annual holiday will begin from January 11 (tomorrow), the ministry said in its statement. <br /> Meanwhile, the ministry has also urged guardians to send their children to receive vaccine by contacting their school as the government plans to inoculate the children between the age of 12 and 17 in all local levels. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14364', 'image' => '20220110040446_Schools.jpg', 'article_date' => '2022-01-10 16:02:43', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '14620', 'article_category_id' => '1', 'title' => 'NRB Directs BFIs to Follow Health Protocols Amid Spike in Covid Cases ', 'sub_title' => '', 'summary' => 'With a spike in Covid-19 cases, the Nepal Rastra Bank (NRB) issues a circular to bank and financial institutions to take necessary safety measures while providing their services. ', 'content' => '<p>Jan 10: With a spike in Covid-19 cases in recent days, the Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) to take necessary safety measures while providing their services. <br /> In a circular issued today, the NRB told BFIs to follow health safety protocols issued by the government and the World Health Organization to reduce the risk of infection. <br /> BFIs have been told to make necessary arrangements to provide their services by maintaining physical distance and avoid crowding. <br /> In its circular, the central bank also directed BFIs to make arrangement of keeping the door of ATM booths open and ensure that there is hand sanitizer in the booth. <br /> NRB also asked BFIs to ensure that the physical distance is maintained in their meeting, seminars or trainings or conduct them virtually. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14363', 'image' => '20220110033113_NRB.jpg', 'article_date' => '2022-01-10 15:28:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '14619', 'article_category_id' => '1', 'title' => 'Flow of Goods Resumes at Nepal-China Borders ', 'sub_title' => '', 'summary' => 'Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. ', 'content' => '<p>January 9: Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. <br /> According to the customs official, 10 containers arrived in Nepal from Tatopani checkpoint in Bhotekoshi Rural Municipality-2 on Friday. <br /> According to Narad Gautam, chief customs officer at the Tatopani Dry Port and Customs Office, about 100 containers weighing up to 120 CBM were stopped at the Nyalam and Khasa parking lots as the road was filled with 4 feet of snow. <br /> As soon as the snowfall stops, they will be loaded and brought to Nepal. Earlier, the Tatopani checkpoint was closed due to heavy snowfall in Khasa and Nyalam areas of China. Containers have started moving from Friday. <br /> Similarly, Rasuwagadhi checkpoint, which was blocked due to snowfall and dry landslides, has also come into operation. The Syafrubenshi-Rasuwagadhi section of the highway has been fully operational since Friday after the obstruction was removed. <br /> According to the local administration, all kinds of vehicles including passenger buses and container boxes carrying goods imported from China started moving freely as soon as the highway was opened. <br /> Chief District Officer Nawaraj Jaisi informed that the power supply to Timure and Rasuwagadhi areas has been restored by managing the power poles and wires damaged by the landslide. <br /> Due to the landslide from near Kalangkulung river in Gosaikunda Rural Municipality-3, electricity, telephone and internet service had been disrupted since the January 4. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14362', 'image' => '20220110031525_Nepal China border.jpeg', 'article_date' => '2022-01-10 15:12:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '14618', 'article_category_id' => '1', 'title' => 'NHPC to acquire Sunkoshi Hydropower Ltd ', 'sub_title' => '', 'summary' => 'National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. ', 'content' => '<p>Jan 07: National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. <br /> Kumar Pandey, Chairman of NHPC, said that the necessary process to acquire Sunkoshi Hydropower Limited has been initiated. According to Pandey, both companies have formed their merger committees. <br /> Sunkoshi Hydropower Company was established to build a 4.5 MW Lower Indrawati hydropower project. However, the license of the project was scrapped due to technical problems. The project has now been awarded to NHPC. At present, Sunkoshi Hydropower Company does not have any project license. Therefore, it is being merged with NHPC, said Pandey.<br /> "Since Sunkoshi Hydropower Company was left without any project, the presence of the company did not have any meaning. So, the merger with NHPC has been initiated which will help in lowering administrative costs for the company, "he said." <br /> He said that the merger process will be completed by mid-January. "Now that the internal preparations have been completed, we will hold a general assembly and finalize the merger process," he said.<br /> The company is planning to distribute Rs 617 million in dividend to its shareholders as bonus shares as the write-back of the investment in Sunkoshi Hydropower has improved its financial performance. Pandey said that the company plans to offer up to 20 percent bonus shares to its shareholders from the next general meeting.</p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14361', 'image' => '20220109053428_slide8-770x400.jpg', 'article_date' => '2022-01-09 17:31:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '14617', 'article_category_id' => '1', 'title' => 'Five Candidates Shortlisted for Nepse's CEO', 'sub_title' => '', 'summary' => 'The recommendation committee is set to forward three names to the cabinet for the selection of the CEO following their presentation of working paper today.', 'content' => '<p>January 9: Five candidates have been shortlisted for the post of chief executive officer (CEO) of Nepal Stock Exchange (NEPSE) Ltd in the first phase. <br /> According to the recommendation committee, it shortlisted top five candidates on the basis of the evaluation of nearly a dozen applications that it had received for the post of Nepse's CEO. The committee was formed under Ramesh KC, a joint secretary at the Ministry of Finance, to recommend the new CEO of the company that operates the only stock exchange market in the country. Ritesh Shakya, another joint secretary of the ministry, and Jivanath Dhital, an expert on securities market, were other members of former chairman of Nepse are members of the committee.<br /> Nepse's acting CEO Niranjan Phuyal, Prabin Pandak, Ramesh Kumar Bhattarai, Ramesh Ghimire, Chabi Raj Panta, Govinda Dahal, Keshav Prasad Shrestha, Badri Prasad Pyakurel, Jiban Amagain, Krishna Bahadur Karki and Dipak Gautam had applied for the post of CEO.<br /> Krishna Bahadur Karki, Keshav Prasad Shrestha, Pravin Pandak, Ramesh Ghimire and Ramesh Kumar Bhandari in the first phase. The committee is set to recommend three names for the selection of the CEO following their presentation of working paper before the recommendation plan. The presentation is scheduled to be held today. <br /> Based on the recommended three names, the cabinet will pick the new Nepse CEO for a tenure of four years. The post had fallen vacant after the then CEO Chandra Singh Saud stepped down from his post amid his involvement in insider trade of shares in Sarbottam Cement prior to its IPO. </p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14360', 'image' => '20220109013709_Nepse.jpg', 'article_date' => '2022-01-09 13:35:21', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '14616', 'article_category_id' => '1', 'title' => 'Insurance Board includes Controversial Provision of Reinsurance in Amended Directive', 'sub_title' => '', 'summary' => 'January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. The board had issued a directive on November 25 asking all stakeholders to purchase reinsurance policies only from domestic companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board amended the directive and issued a fresh directive on Thursday which indirectly mandates the insurance companies of Nepal to purchase reinsurance policies within the country. There are only two reinsurance companies in Nepal</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the principle of insurance, it is not advisable to reinsure with the same or a few companies. It is not good to bear all the risks in one's own country. In view of such practice, the board had instructed the reinsurance companies to take as much risk as they can and transfer other risks to other reinsurers through retrocession. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, reinsurance facility could be availed only through rated companies. As there is no rated company in Nepal, the board has removed this limitation in case of Nepal companies. Insurance companies can avail reinsurance service from foreign companies only when a domestic company declines to reinsure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Poudel, CEO of Insurance Board said that the provision of requiring insurance companies to reinsure in the country should not be misunderstood. "Reinsurance within the country would stop the outflow of money. It would not cause any problem in risk diversification either,” he said, adding, “A probe committee is doing necessary study in this regard. A report will be prepared soon, then we can consider it."</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, insurance companies now have to reinsure B Plus, BBB, BAA rated companies as subsidiaries. The rating of the parent company should be A minus, A three.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the Insurance Board has restricted insurance companies from extending loans to insurance agents stating it to be unproductive. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-01-07', 'modified' => '2022-01-07', 'keywords' => '', 'description' => '', 'sortorder' => '14359', 'image' => '20220107025646_Insurance board.jpg', 'article_date' => '2022-01-07 14:56:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14630', 'article_category_id' => '1', 'title' => 'Nepal, UK Agree to Sign Labour Pact Related to Nursing Sector', 'sub_title' => '', 'summary' => 'January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 16: Nepal and the United Kingdom have agreed to establish labour relation between the two countries, especially involving the nursing sector. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The two countries reached an understanding during a meeting held between the officials of both the countries on Friday to send workers from Nepal to the UK. According to the Ministry of Labour, Employment and Social Security, the UK has agreed to provide employment opportunities to Nepali workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Labour ministry’s spokesperson Dandu Raj Ghimire confirmed that the two countries have decided to sign an agreement to make arrangement of employment for Nepali workers in London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, representatives of 'Department of Health Services' and 'National Health Services' of the United Kingdom and representatives of the Government of Nepal agreed to sign an accord in this regard within March. As per the understanding, both sides will involve in drafting a Memorandum of Understanding (MoU). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ghimire shared that an understanding has been reached to finalize the issues of relocating the Nepali workers to health sector of London as soon as possible. However, the modality of relocating the Nepali workers has not been finalized yet. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It is believed that the human resources of Nepal’s nursing sector would get employment opportunity under the National Health Services of London. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief of Employment Management Division under the Labour Ministry, Rajeev Pokharel, Under-Secretary Thaneshwor Bhusal, representatives of Department of Foreign Employment and Foreign Ministry attended the meeting on the behalf of the Government of Nepal. Similarly, representatives of the Department of Health Services, National Health Services and Embassy of the United Kingdom in Kathmandu were present in the meeting, RSS reported. </span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">a</span></span></p> ', 'published' => true, 'created' => '2022-01-16', 'modified' => '2022-01-16', 'keywords' => '', 'description' => '', 'sortorder' => '14373', 'image' => '20220116042630_Flag600x600.jpg', 'article_date' => '2022-01-16 16:24:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14628', 'article_category_id' => '1', 'title' => 'Remittance Inflow Declines by 6.8 Percent', 'sub_title' => '', 'summary' => 'January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Remittance inflow into the country has declined in the past five months of the current fiscal year compared to the corresponding period of the last fiscal year, according to Nepal Rastra Bank (NRB).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report released by the central bank on Thursday states that remittance inflow decreased 6.8 percent to Rs 388.58 billion in the review period against an increase of 11.0 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In the US Dollar terms, remittance inflows decreased 7.3 percent to 3.26 billion in the review period against an increase of 6.4 percent in the same period of the previous year,” the report based on first months of the current fiscal year states. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the central bank said that the number of Nepali citizens taking approval for foreign employment increased significantly to 131,082 in the review period. It had decreased by 92.7 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the number of Nepali workers (renew entry) taking approval for foreign employment increased 295.8 percent to 99,580 in the review period. It had decreased 77.3 percent in the same period of the previous year. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14372', 'image' => '20220114032059_Remittance.jpg', 'article_date' => '2022-01-14 15:20:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14629', 'article_category_id' => '1', 'title' => 'Finance Minister in Favour of Printing Excise Duty Stickers in Nepal ', 'sub_title' => '', 'summary' => 'January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: Finance Minister Janardan Sharma has directed concerned authorities to print exercise-duty stickers in Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Inspecting the security printing press going to be installed at Panauti-based IT Park on Thursday, Minister Sharma asked the Security Printing Press to provide the stickers necessary for the Finance Ministry immediately. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The Ministry needs around three billion stickers. How many machines are required to print such quantity of stickers. I request the concerned authorities to install the machines immediately by importing them," he shared. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Finance Minister mentioned that the machine to be installed at the IT Park would print everything except currency notes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Pointing out the need of printing the stickers, Minister Sharma expressed the belief that the printing centre would address the need for it. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Ministry collects around Rs 100 billion revenue from exercise-duty stickers. -- RSS </span></span></p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14371', 'image' => '20220114032812_RoS-KTM-Kavre-FinanceMinisterSharmaa.jpg', 'article_date' => '2022-01-14 15:27:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14627', 'article_category_id' => '1', 'title' => 'Govt Forms Committee to Probe into Chartered Flights Irregularities ', 'sub_title' => '', 'summary' => 'January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">January 14: The Ministry of Culture, Tourism and Civil Aviation has formed a committee to carry out investigation into irregularities during chartered flights made for rescuing Nepali migrant workers from Gulf countries during the first and second waves of coronavirus pandemic. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The three-member probe committee was formed on Thursday (January 13) under coordination of Joint-Secretary at the tourism ministry, Hom Prasad Luintel. Under-Secretary Tek Narayan Poudel and acting Director General of the Civil Aviation Authority of Nepal, Prem Nath Thakur, are the members of the committee. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The probe committee has been asked to submit its report within 10 days. The probe committee would start its work from today (January 14), said Coordinator Luintel. -- RSS </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14370', 'image' => '20220114030324_20201109112912_1604878353.14.jpg', 'article_date' => '2022-01-14 15:02:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14626', 'article_category_id' => '1', 'title' => 'FCAN Demands Inclusion of only Domestic Contractors for bids up to Rs 3 Billion', 'sub_title' => '', 'summary' => 'January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The Federation of Contractors' Associations of Nepal (FCAN) has urged the concerned authorities to amend the provision related to the public procurement regulation to allow only domestic contractors to bid for tenders of Rs 3 billion (excluding VAT). The federation has requested amendment of the Public Procurement Regulation 2064 to make such arrangements in order to promote domestic companies.</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 federation submitted a memorandum during a meeting with Kalyani Kumari Khadka, chairperson of the Development and Technology Committee of the federal parliament on Thursday. FCAN President Ravi Singh said that the country has not been able to make strides in infrastructure development as the related laws and regulations are not construction-friendly.</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 presenting the written suggestions, he said that the Nepali construction entrepreneurs should be awarded tenders worth Rs 3 billion. The federation has suggested including such provision in the 11th amendment to the Public Procurement Regulation.</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"">Similarly, the federation has demanded to make arrangements for allowing a construction company to undertake a maximum of three contracts at a time for projects worth more than Rs 30 million and two contracts for projects less than Rs 30 million. Likewise, the federation has demanded that the contractors should be allowed to participate in additional bids only after the completion of 80 percent works of the projects they have undertaken.</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""> Chairperson Khadka has also been informed about the existing problems faced by the construction entrepreneurs and the solutions.</span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14369', 'image' => '20220114022746_20210614012250_20190108-gmc-pho-1049.jpg', 'article_date' => '2022-01-14 14:25:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14625', 'article_category_id' => '1', 'title' => '‘Private Sector to get Permission for Electricity Trade within One and a Half Months’ ', 'sub_title' => '', 'summary' => 'January 14: The government is preparing to allow the private sector to trade electricity within a month and a half.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">January 14: The government is preparing to allow the private sector to trade electricity within a month and a half. Minister for Energy, Water Resources and Irrigation Pampha Bhusal said that a work procedure is being prepared to allow the private sector to trade electricity and expressed commitment to complete the work within one and a half months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During a meeting with a delegation of the Confederation of Nepalese Industries (CMI) led by its president Bishnu Kumar Agrawal on Thursday, Minister Bhusal informed that the government is preparing a working procedure to this end. “Our idea is to involve the private sector in the export of electricity. We will not allow import of electricity. You have to find a destination and export,” she said.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Minister Bhusal said that the government will prepare work procedure in a way that the private sector can sell electricity directly in the international market. She said that procedure will be formulated to facilitate those who generate and sell electricity themselves. Furthermore, she said that the private sector would be involved not only in power generation but also in transmission. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Minister Bhusal, the government would take special initiative to export electricity to Bangladesh. As India is the main market for electricity generated in Nepal, she stressed on the need for the private sector to find a market in India. She said that the power purchase agreement of the semi-reservoir hydropower project will not be halted. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Similarly, Energy Secretary Devendra Karki said that India and Bangladesh are two important destinations for export of electricity generated in Nepal. He said that they are trying to promote electricity trade through separate high level mechanisms in both the countries. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the discussion, Agrawal said that there is a high demand for renewable energy in Bangladesh. He urged the government to create an environment for export of electricity generated in Nepal. Although the electricity export is challenging, he said that there is a lot of potential and the private sector is ready and capable to work for it. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-01-14', 'modified' => '2022-01-14', 'keywords' => '', 'description' => '', 'sortorder' => '14368', 'image' => '20220114020228_electricity.jpg', 'article_date' => '2022-01-14 14:01:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14624', 'article_category_id' => '1', 'title' => 'Govt Makes Vaccination Card Mandatory to Get Public Services From January 21 ', 'sub_title' => '', 'summary' => 'The Ministry of Home Affairs (MoHA) issues a circular to all district administration offices (DAOs) and police forces to instruct them to restrict a gathering of more than 25 people in public places. ', 'content' => '<p>Jan 11: The Ministry of Home Affairs (MoHA) has issued a circular to all district administration offices (DAOs) and police forces to restrict gathering of more than 25 people in public places. <br /> In line with the recommendations of COVID-19 Crisis Management Center (CCMC), the Home Ministry has instructed DAOs and police forces to implement various measures to contain the spread of Covid-19. <br /> According to the eight-point circular, local administrations will now restrict any expo, festival or assembly where more than 25 people gather in public places. The local administration should issue permission even if there is any urgent programme to be held, according to the circular issued on Monday. <br /> "Based on assessment of district and local level's situation, district can either tighten or ease the situation," read the circular of the Home Ministry. The Home Ministry also instructed the local administrations and other agencies to make vaccination card mandatory to receive public services from January 21. <br /> It has urged people to keep vaccination card with them (even if its photo in mobile phone) to enter public places (office, hotel, restaurant, cinema hall, stadium, flight, park etc). According to the circular, the entry in public places will be allowed only after checking vaccination card from January 21. <br /> Local administrations and police forces have been asked to facilitate in establishing free antigen test booths in public places and take ahead the vaccination as a campaign. <br /> The new containment measures introduced through the minister-level meeting comes in the wake of the rapid rise of Covid-19 cases and outbreak of new Omicron variant. <br /> </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14367', 'image' => '20220111041144_Home Ministry.jpg', 'article_date' => '2022-01-11 16:09:10', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 7 => array( 'Article' => array( 'id' => '14623', 'article_category_id' => '1', 'title' => 'Finance Minister Sharma Stands Against Another Lockdown ', 'sub_title' => '', 'summary' => 'Minister for Finance Janardan Sharma claims the current problem of liquidity shortage will go away in one month', 'content' => '<p>Jan 11: Minister for Finance Janardan Sharma has claimed the current problem of liquidity shortage will be resolved in one month. </p> <p>Addressing the inaugural ceremony of Confederation of Banks and Financial Institutions, Nepal (CBFIN) on Monday, he said that the liquidity pressure that the banking industry is currently facing will ease within Magh (by mid February). </p> <p>"There is definitely some pressures in the economy. But, it's not a crisis as has been portrayed outside," said Finance Minister Sharma. "We have taken steps to resolve the liquidity shortage within Magh [mid February," he said. <br /> According to Finance Minister Sharma, the liquidity pressure was a result of disbursements of bank loans to businesses that have been halted for two years due to Covid-19. <br /> He also urged bank and financial institutions to not raise interest rates on loans to businesses for a certain period. <br /> Finance Minister Sharma was of the view that the country should not go for another lockdown. <br /> His remark against the lockdown comes amid concerns from the private sector about possible containment measures including the lockdown amid a spike in Covid-19 cases due to outbreak of new variant Omicron. <br /> "There are concerns that whether there would be another lockdown. We should not take that path. The economy cannot afford another lockdown," he said. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14366', 'image' => '20220111010226_IMG_2798.jpg', 'article_date' => '2022-01-11 13:00:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '14622', 'article_category_id' => '1', 'title' => ' Govt-owned FMTC Purchases 2,200 Tons of Paddy ', 'sub_title' => '', 'summary' => 'Food Management and Trading Company Ltd (FMTC) purchases 2,200 tons of paddy from farmers. ', 'content' => '<p>Jan 11: Food Management and Trading Company Ltd (FMTC) has purchased 2,200 tons of paddy from farmers. <br /> The state-owned company has set a target to purchase 30,000 tons of paddy in the current fiscal year. <br /> FMTC has been purchasing paddy at a minimum support price fixed by the government to intervene in the market and protect farmers from middlemen.<br /> Though the company had planned to purchase paddy from 12 places across the country, it has so far bought paddy from eight districts at Rs 2,902 per quintal for medium size paddy and Rs 2,752 per quintal for mota paddy (short grain) from eight districts. <br /> According to Sharmila Neupane, information officer at FMTC, the company has purchased 55 tons paddy from Birtamode, 239 tons from Biratnagar, 507 tons from Lahan, 695 tons from Birgunj, 107 tons from Nepalgunj, 560 tons from Rajapur, 5 tons from Dhangadhi and 53 tons from Mahendranagar. She said that FMTC has also directed its depots and purchase centers to purchase lentils and cereals in small quantity along with paddy. </p> <p>Though the company had set a target of collecting 60,000 tons of paddy in the last fiscal year, it was able to purchase only 27,700 tons. The company is likely to miss its target of purchasing 30,000 tons of paddy in the current fiscal year. FMTC officials say that it has been challenging to purchase paddy in huge quantity due to standards set to purchase the crop and store it for a long time. <br /> They say that the quality of paddy has deteriorated due to unseasonal rains in October last year. </p> ', 'published' => true, 'created' => '2022-01-11', 'modified' => '2022-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '14365', 'image' => '20220111123857_FMTC.jpg', 'article_date' => '2022-01-11 12:36:55', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '14621', 'article_category_id' => '1', 'title' => 'Govt Closes Schools for 19 Days as Covid Cases Rise Rapidly ', 'sub_title' => '', 'summary' => 'The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases.', 'content' => '<p>Jan 10: <br /> The government has decided to close schools for 19 days amid a rapid rise in Covid-19 cases. <br /> Following a recommendation from the COVID Crisis Management Center (CCMC) on Sunday, the Ministry of Education, Science and Technology decided today decided to shut schools across the country for 19 days. </p> <p>According to a statement of the ministry, all primary and secondary schools across the country will remain close until January 29. Stating that the Covid-19 infection was rising rapidly along with confirmation of Omicron variant, the ministry said that it decided to close schools keeping in view the health safety of students. </p> <p>The 19-day school closure to be adjusted from annual holiday will begin from January 11 (tomorrow), the ministry said in its statement. <br /> Meanwhile, the ministry has also urged guardians to send their children to receive vaccine by contacting their school as the government plans to inoculate the children between the age of 12 and 17 in all local levels. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14364', 'image' => '20220110040446_Schools.jpg', 'article_date' => '2022-01-10 16:02:43', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '14620', 'article_category_id' => '1', 'title' => 'NRB Directs BFIs to Follow Health Protocols Amid Spike in Covid Cases ', 'sub_title' => '', 'summary' => 'With a spike in Covid-19 cases, the Nepal Rastra Bank (NRB) issues a circular to bank and financial institutions to take necessary safety measures while providing their services. ', 'content' => '<p>Jan 10: With a spike in Covid-19 cases in recent days, the Nepal Rastra Bank (NRB) has issued a circular to bank and financial institutions (BFIs) to take necessary safety measures while providing their services. <br /> In a circular issued today, the NRB told BFIs to follow health safety protocols issued by the government and the World Health Organization to reduce the risk of infection. <br /> BFIs have been told to make necessary arrangements to provide their services by maintaining physical distance and avoid crowding. <br /> In its circular, the central bank also directed BFIs to make arrangement of keeping the door of ATM booths open and ensure that there is hand sanitizer in the booth. <br /> NRB also asked BFIs to ensure that the physical distance is maintained in their meeting, seminars or trainings or conduct them virtually. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14363', 'image' => '20220110033113_NRB.jpg', 'article_date' => '2022-01-10 15:28:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '14619', 'article_category_id' => '1', 'title' => 'Flow of Goods Resumes at Nepal-China Borders ', 'sub_title' => '', 'summary' => 'Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. ', 'content' => '<p>January 9: Tatopani and Rasuwagadhi checkpoints connecting Nepal and China have re-opened. Due to heavy snowfall, traders were facing difficulties to transport their goods. <br /> According to the customs official, 10 containers arrived in Nepal from Tatopani checkpoint in Bhotekoshi Rural Municipality-2 on Friday. <br /> According to Narad Gautam, chief customs officer at the Tatopani Dry Port and Customs Office, about 100 containers weighing up to 120 CBM were stopped at the Nyalam and Khasa parking lots as the road was filled with 4 feet of snow. <br /> As soon as the snowfall stops, they will be loaded and brought to Nepal. Earlier, the Tatopani checkpoint was closed due to heavy snowfall in Khasa and Nyalam areas of China. Containers have started moving from Friday. <br /> Similarly, Rasuwagadhi checkpoint, which was blocked due to snowfall and dry landslides, has also come into operation. The Syafrubenshi-Rasuwagadhi section of the highway has been fully operational since Friday after the obstruction was removed. <br /> According to the local administration, all kinds of vehicles including passenger buses and container boxes carrying goods imported from China started moving freely as soon as the highway was opened. <br /> Chief District Officer Nawaraj Jaisi informed that the power supply to Timure and Rasuwagadhi areas has been restored by managing the power poles and wires damaged by the landslide. <br /> Due to the landslide from near Kalangkulung river in Gosaikunda Rural Municipality-3, electricity, telephone and internet service had been disrupted since the January 4. </p> ', 'published' => true, 'created' => '2022-01-10', 'modified' => '2022-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '14362', 'image' => '20220110031525_Nepal China border.jpeg', 'article_date' => '2022-01-10 15:12:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '14618', 'article_category_id' => '1', 'title' => 'NHPC to acquire Sunkoshi Hydropower Ltd ', 'sub_title' => '', 'summary' => 'National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. ', 'content' => '<p>Jan 07: National Hydro Power Company (NHPC) is preparing to acquire Sunkoshi Hydropower Limited. NHPC holds over 97 percent stake in Sunkoshi Hydro Power Limited. <br /> Kumar Pandey, Chairman of NHPC, said that the necessary process to acquire Sunkoshi Hydropower Limited has been initiated. According to Pandey, both companies have formed their merger committees. <br /> Sunkoshi Hydropower Company was established to build a 4.5 MW Lower Indrawati hydropower project. However, the license of the project was scrapped due to technical problems. The project has now been awarded to NHPC. At present, Sunkoshi Hydropower Company does not have any project license. Therefore, it is being merged with NHPC, said Pandey.<br /> "Since Sunkoshi Hydropower Company was left without any project, the presence of the company did not have any meaning. So, the merger with NHPC has been initiated which will help in lowering administrative costs for the company, "he said." <br /> He said that the merger process will be completed by mid-January. "Now that the internal preparations have been completed, we will hold a general assembly and finalize the merger process," he said.<br /> The company is planning to distribute Rs 617 million in dividend to its shareholders as bonus shares as the write-back of the investment in Sunkoshi Hydropower has improved its financial performance. Pandey said that the company plans to offer up to 20 percent bonus shares to its shareholders from the next general meeting.</p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14361', 'image' => '20220109053428_slide8-770x400.jpg', 'article_date' => '2022-01-09 17:31:48', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '14617', 'article_category_id' => '1', 'title' => 'Five Candidates Shortlisted for Nepse's CEO', 'sub_title' => '', 'summary' => 'The recommendation committee is set to forward three names to the cabinet for the selection of the CEO following their presentation of working paper today.', 'content' => '<p>January 9: Five candidates have been shortlisted for the post of chief executive officer (CEO) of Nepal Stock Exchange (NEPSE) Ltd in the first phase. <br /> According to the recommendation committee, it shortlisted top five candidates on the basis of the evaluation of nearly a dozen applications that it had received for the post of Nepse's CEO. The committee was formed under Ramesh KC, a joint secretary at the Ministry of Finance, to recommend the new CEO of the company that operates the only stock exchange market in the country. Ritesh Shakya, another joint secretary of the ministry, and Jivanath Dhital, an expert on securities market, were other members of former chairman of Nepse are members of the committee.<br /> Nepse's acting CEO Niranjan Phuyal, Prabin Pandak, Ramesh Kumar Bhattarai, Ramesh Ghimire, Chabi Raj Panta, Govinda Dahal, Keshav Prasad Shrestha, Badri Prasad Pyakurel, Jiban Amagain, Krishna Bahadur Karki and Dipak Gautam had applied for the post of CEO.<br /> Krishna Bahadur Karki, Keshav Prasad Shrestha, Pravin Pandak, Ramesh Ghimire and Ramesh Kumar Bhandari in the first phase. The committee is set to recommend three names for the selection of the CEO following their presentation of working paper before the recommendation plan. The presentation is scheduled to be held today. <br /> Based on the recommended three names, the cabinet will pick the new Nepse CEO for a tenure of four years. The post had fallen vacant after the then CEO Chandra Singh Saud stepped down from his post amid his involvement in insider trade of shares in Sarbottam Cement prior to its IPO. </p> ', 'published' => true, 'created' => '2022-01-09', 'modified' => '2022-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '14360', 'image' => '20220109013709_Nepse.jpg', 'article_date' => '2022-01-09 13:35:21', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '14616', 'article_category_id' => '1', 'title' => 'Insurance Board includes Controversial Provision of Reinsurance in Amended Directive', 'sub_title' => '', 'summary' => 'January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 7: The Insurance Board has included in its amended directive a controversial provision requiring insurance companies to insure from the domestic reinsurance. The board had issued a directive on November 25 asking all stakeholders to purchase reinsurance policies only from domestic companies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The board amended the directive and issued a fresh directive on Thursday which indirectly mandates the insurance companies of Nepal to purchase reinsurance policies within the country. There are only two reinsurance companies in Nepal</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the principle of insurance, it is not advisable to reinsure with the same or a few companies. It is not good to bear all the risks in one's own country. In view of such practice, the board had instructed the reinsurance companies to take as much risk as they can and transfer other risks to other reinsurers through retrocession. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Earlier, reinsurance facility could be availed only through rated companies. As there is no rated company in Nepal, the board has removed this limitation in case of Nepal companies. Insurance companies can avail reinsurance service from foreign companies only when a domestic company declines to reinsure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Rajuraman Poudel, CEO of Insurance Board said that the provision of requiring insurance companies to reinsure in the country should not be misunderstood. "Reinsurance within the country would stop the outflow of money. It would not cause any problem in risk diversification either,” he said, adding, “A probe committee is doing necessary study in this regard. A report will be prepared soon, then we can consider it."</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, insurance companies now have to reinsure B Plus, BBB, BAA rated companies as subsidiaries. The rating of the parent company should be A minus, A three.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, the Insurance Board has restricted insurance companies from extending loans to insurance agents stating it to be unproductive. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-01-07', 'modified' => '2022-01-07', 'keywords' => '', 'description' => '', 'sortorder' => '14359', 'image' => '20220107025646_Insurance board.jpg', 'article_date' => '2022-01-07 14:56:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
