The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the…
The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the…
March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement…
March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March…
March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million.…
March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday.…
March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday.…
March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's…
The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from…
The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday.…
March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of…
March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu…
March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year.…
March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on…
March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135…
March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal.…
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The market witnessed 7,459,424 shares changing hands, resulting in a total turnover of Rs 2.88 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL) emerged as the top performer in terms of turnover, with transactions worth Rs 23 crores.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL), Saptakoshi Development Bank (SAPDBL), People’s Power Company (PPL), and Dhaulagiri Laghubitta Bittiya Sanstha (DLBS), each experienced a 10% increase and hit the positive circuit.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">On the flip side, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) experienced the most significant decline, dropping by 5.15% and closing at Rs 902 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Nine sectors, including the Finance Index and Development Bank, closed in positive territory, while the remaining sectors ended in the red.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Development Index saw the most significant growth, climbing by 1.30%, whereas the Manufacturing and Processing sector experienced the highest decline, dropping by 0.82%.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20237', 'image' => '20240318035715_collage (16).jpg', 'article_date' => '2024-03-18 15:55:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20509', 'article_category_id' => '1', 'title' => 'Govt Fails to Implement Labor Agreement with Japan', 'sub_title' => '', 'summary' => 'March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Government of Nepal had signed a 'cooperation agreement' with Japan on March 26, 2019 to provide employment to Nepalese workers in Japan through the initiative at the government level. However, Nepali workers have not been able to go to Japan under the agreement. Instead, the government has given manpower companies the right to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The two countries had signed the agreement to send Nepali workers to Japan to work in the field of agriculture, nursing, vehicle maintenance, food service industry, construction industry, food and beverage production, housing industry, machinery parts industry, fishing industry, industrial equipment industry, electric, electronics and information technology industry, building and cleaning business, ship and spare parts industry as well as the aviation industry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Although it was agreed that the Nepali workers selected under the agreement would get the same or higher wages as Japanese citizens, Japan showed reluctance to take workers from Nepal through the government initiative.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">After the agreement, the Japanese government initially seemed indifferent towards the need to start the language test and skill test as well as labor selection process. The Government of Nepal also did not take sufficient initiative. As a result, 'Specified Skilled Workers' have not been able to go to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">While inquiring about this issue, a senior official of the Ministry of Labor admitted that it was partly due to the weakness of Nepal, but the main reason was Japan's reluctance to hire the workers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The problem is because of the frequent change of government and the ministers not prioritizing the issue," said the official requesting anonymity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">As the agreement could not be implemented, the government recently gave the right to send Nepali workers to Japan to a manpower company. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Ministry of Labour, Employment and Social Security has issued a procedure on sending certain skilled workers to Japan. Along with this, a legal base has been created for manpower companies to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure mentions that the manpower company that sends 'Specified Skilled Worker' to Japan should have its own training center according to the prevailing standards for language and skill development. In relation to the teaching of Japanese language in the language training center, the procedure has clarified that there should be at least two language instructors who have an official certificate of Japanese language training.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Nepali licensed organization should have an agreement with its own contact branch legally registered in Japan or a registered support organization for the purpose of collecting, verifying and facilitating Specified Skilled Workers’ (SSW) demand and providing necessary welfare services and activities for Nepalese workers. There is also a provision in the procedure that the licensed organizations should not charge any fee to the workers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure also states that the employer will bear the costs of air fare, insurance, health examination, contribution to the welfare fund, contribution to the social security fund and labor permit incurred when sending the employee to Japan for employment. It is said that the service fee collected by the manpower company will be as prescribed by the ministry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to Labor Ministry’s Spokesman Rajeev Pokharel, the division that deals with matters related to employment management of the ministry acts as a contact point according to the labor agreement. According to him, the contact point will coordinate with the Japanese side as needed to facilitate the implementation of this procedure.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20236', 'image' => '20240318024016_Flag-Pins-Nepal-Japan.jpg', 'article_date' => '2024-03-18 14:38:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20508', 'article_category_id' => '1', 'title' => 'Manakamana Cable Car Service to Remain Closed for a Day ', 'sub_title' => '', 'summary' => 'March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The service would come into operation from March 21, said Deputy General Manager of the Pvt Ltd, Ujjwal Sherchan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Manakamana Cable Car service was brought into operation from 2055 BS. One can reach the Manakamana Temple of Gorkha district from Kurintar of Chitwan district within 10 minutes by cable car. Manakamana cable car is the first cable car service of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20235', 'image' => '20240318020527_20211223031728_manakamana-Cablecar.jpg', 'article_date' => '2024-03-18 14:04:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20507', 'article_category_id' => '1', 'title' => 'Flower Expo Sees Turnover of More than Rs 10 Million', 'sub_title' => '', 'summary' => 'March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. Floriculture Association Nepal, the organizer of the event, informed that the transactions of the aforementioned amount took place from the sale of different types of flowers and tickets sale during the four-day fair. According to the organizers, 49,000 people visited the flower expo.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The fair was inaugurated last Thursday with the slogan 'Flower business for clean environment and economic development'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Meen Bahadur Tamang, president of the association, said that the exhibition was organized to promote floral products at the national level, to expand the market, to distribute products and to establish direct relationships between flower traders and consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He said that the business from the fair was as expected. Sixty exhibition stalls, three landscaping stalls, eight official stalls, one competition exhibition stall and food stall were kept in the fair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Tamang says that the business of floral products, which are mostly used in various festivals, was severely affected in the last few years due to the impacts of coronavirus pandemic, but it has been recovering since the fiscal year 2078/79. The annual turnover of flower business is more than Rs 3 billion in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With the increase in the demand for flowers, floriculture has been expanded in 43 districts of Nepal including Kathmandu, Lalitpur, Bhaktapur, Kaski, Chitwan, Makwanpur, Kavrepalanchok, Gulmi, Palpa, Dhading, and Morang among others.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Currently, 450 species of flowers are being produced commercially in Nepal. The flower business, which started in 2007 BS, is flourishing with the rapid urbanization in the country.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20234', 'image' => '20240318012057_433123559_823399686478697_344588762367715800_n.jpg', 'article_date' => '2024-03-18 13:20:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20505', 'article_category_id' => '1', 'title' => 'Karnali Bridge Opens for Traffic ', 'sub_title' => '', 'summary' => 'March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. The bridge was opened for traffic after an assessment of the damage caused by the fire incident that originated from a truck loaded with gas lighters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bridge has been opened for traffic after an on-site assessment and in consultation with experts who said that travelling across the bridge was not a problem, said Engineer Niraj Shakya of the Road Division Office, Nepalgunj. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The wire ropes holding the signature bridge had caught fire in the incident that took place last Monday. The bridge was subsequently closed for traffic, before an expert team from the division came to inspect the extent of damage. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20232', 'image' => '20240318125011_DN-Lamki.jpg', 'article_date' => '2024-03-18 12:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20503', 'article_category_id' => '1', 'title' => 'Eighth Edition of Newbiz Business Conclave and Awards on Friday', 'sub_title' => '', 'summary' => 'March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. Asian Paints is the title sponsor of the annual program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Apart from panel discussion, the event will see award distribution in various categories in recognition to the contributions made by the business sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The panel discussion will delve on the topic of 'Business Opportunities in Difficult Times'. The speakers during the panel discussion will be Amlan Mukherjee, Managing Director of Unilever Nepal Limited, Anand Bagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications. The panel discussion will be facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Manab Majumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), will give a keynote speech during the program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Under the program, awards will be distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award. According to the organizer, Lifetime Achievement Award will be given to a person who has contributed for a long time in the field of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Similarly, awards will be distributed under the categories of 'Best Managed Company of the Year', 'Premium Hotel of the Year', 'Best Hospital of the Year', 'Best Managed Commercial Bank of the Year', 'Best Managed Development Bank of the Year', 'Best Managed Finance Company of the Year', 'Best Life Insurance Company of the Year', and 'Best Non-Life Insurance Company of the Year'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the organizers, a panel of independent jury comprising experts from various fields have selected the organizations and individuals who will receive the award. The selection was done after a rigorous and phase-wise evaluation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Other sponsors of the event are NIC Asia Bank, Tiago EV, Nabil Bank, National Life Insurance, Rastriya Banijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program is DishHome Fiber Net and the TV partner is Himalaya TV. Vogue Ad and Event Management is in charge of program management.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '20230', 'image' => '20240318113643_New Biz Awards 2_183405.jpeg', 'article_date' => '2024-03-18 11:34:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20502', 'article_category_id' => '1', 'title' => 'Finance Minister Pun Hints at Change in Tax Rates in New Budget ', 'sub_title' => '', 'summary' => 'March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">During a meeting with the journalists at the Ministry of Finance on Sunday, Minister Pun said that the government will clearly state the reasons if the tax rates are reviewed. The minister assured that no question will be raised on the intention behind the decision to change tax rates.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The government will maintain transparency while determining the tax rates," Minister Pun said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He viewed that public participation should be ensured in budget making and determining the tax system as well. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">On the occasion, the finance minister also emphasized the need for an objective analysis of the relevance of tax exemption given by the government to different sectors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun also argued that a debate was needed whether or not multi-rate was needed on value added tax (VAT). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Likewise, he said the ministry has decided to supply some amount of money in the market to ensure a vibrant economy, adding that the entire market was sluggish due to the shrink in demand and consumption lately. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun said that he was studying the ways to make consumption market and capital market more vibrant. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20229', 'image' => '20240318104546_20210226043111_20201119021010_20200907074520_1599400665.tax.jpg', 'article_date' => '2024-03-18 10:45:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20501', 'article_category_id' => '1', 'title' => 'Nepal Aushadhi Limited Launches Three Drugs ', 'sub_title' => '', 'summary' => ' The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">According to the Company, 150,000 tablets of each medicine will be produced each day. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Prior to this, its productions include Jeevan Jal, Cetamol, Distilled water, Glycerin, folic acid and Hemodialysis fluid and powder.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Paneru said that the Company is in the position of manufacturing more drugs provided that the government supports for the same. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Limited established in 2029 BS as a government entity once used to manufacture 120 types of medicines. But over the course of time, it was closed in 2062 BS and revived in 2074 BS with the production of Cetamol. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">With the newly launched products, the numbers of products by the Limited has reached 11. (RSS) </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20228', 'image' => '20240317052054_collage (15).jpg', 'article_date' => '2024-03-17 17:19:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20500', 'article_category_id' => '1', 'title' => 'NEPSE Posts Loss of 10.62 Points to Close at 2070.25', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">During today’s trading session, 304 scrips were traded on the NEPSE through 63,009 transactions. As many as 8,406,076 shares were traded resulting in a total turnover of Rs 3.38 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Shivam Cements Limited (SHIVM) led the transaction amount with a total turnover of Rs 41 crores. Saptakoshi Development Bank Limited (SAPDBL) saw the highest gain of 10%, closing at a market price of Rs 287.10 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt"> Conversely, Wean Laghubitta Bittiya Sanstha Limited (WNLB) incurred the highest loss at 7.83%, closing at a market price of Rs 1,066 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Regarding sector-indices, all sector indices closed in the red territory except the Development Bank Index, Finance Index, and Manufacturing and Processing Index. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Development Index saw the highest gain of 0.82%, while the Hotels and Tourism Index lost the most at 1.56%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20227', 'image' => '20240317042328_collage (14).jpg', 'article_date' => '2024-03-17 16:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '20499', 'article_category_id' => '1', 'title' => 'Government Declares Pokhara as Tourism Capital of Nepal ', 'sub_title' => '', 'summary' => 'March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal. He made this announcement amidst a function organised at Barahighat, near the Phewa Lake in Kaski on Sunday. Prior to this, the Prime Minister unveiled a logo and memorial pillar relating to the tourism capital. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the Pokhara Tourism Council (PTC) submitted a memorandum to Prime Minister Dahal , urging the government to start international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A delegation led by PTC Chairperson Pom Narayan Shrestha handed over the memorandum. PTC has drawn the attention of the government citing that the major roadways connecting Pokhara were in dire condition and the international flights from Pokhara International Airport have not been regular even after more than one year since the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The council has called for starting international flights to and from Pokhara at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The memorandum states that the tourism entrepreneurs had to face crisis one after the other since some years. Stating that their investment is at risk due to the slump in the economy and declining employment opportunities, PTC, through the memorandum, called for providing motivation and time to the tourism entrepreneurs to pay back the loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The council also demanded restructuring of the Nepal Tourism Board (NTB) and ensuring the representation of Pokhara on the NTB Executive Board Member that is currently lying vacant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Council has urged the government to start international flights from Pokhara International Airport with the aircraft of Nepal Airlines itself in the initial phase and then to encourage other airlines by providing them with incentive packages. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PTC also mentioned in the memo that the prohibition on individual paragliding has demoralized the paragliding adventure sports players. It may be recalled here that the Civil Aviation Authority of Nepal (CAAN) had banned individual paragliding after a paragliding accident in course of the Ninth National Paragliding Competition last year. -- RSS </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20226', 'image' => '20240317024741_sarangkot.jpg', 'article_date' => '2024-03-17 14:47:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20498', 'article_category_id' => '1', 'title' => 'Festival of Holi Formally begins with the Installation of Chir at Basantapur ', 'sub_title' => '', 'summary' => 'March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima. The festival formally begins in the Kathmandu Valley and nationwide with the people from the Manandhar community installing the Chir, a bamboo pole decorated with a tuft of colorful pieces of cloth in three tiers at the top end a week before the full moon day in the month of Falgun. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a local Tirthalal Tandukar, the placing of the Chir marks the commencement of the festival of colours.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Following the completion of the Holi festival, people would collect the pieces of clothes from the Chir and keep it in their homes with a belief that it will bring good luck for them. The Chir will be dispersed in Tundikhel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This year, the festival falls on March 24 in the hill districts including the districts in the Kathmandu Valley and on March 25 in the Terai/Madhesh. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20225', 'image' => '20240317024656_Untitled.jpg', 'article_date' => '2024-03-17 14:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20495', 'article_category_id' => '1', 'title' => 'Budget Deficit Tops Over Rs 138 Billion', 'sub_title' => '', 'summary' => 'March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. As of March 15, the government has spent a total of Rs 806.64 billion and collected Rs 667.80 billion rupees through revenue and grants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the records of the Financial Comptroller General's Office, which keeps the record of government’s income and expenditure, the government's expenditure has exceeded its income during this period of the current year. During the review period, revenue collection has reached 45.2 percent of the annual target and the budget expenditure is 45.35 percent of the target.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In Nepal, it has become a trend of announcing ambitious budget without ensuring resources. Due to this, there is a problem of budget deficit and lack of budget to implement the programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Although the government had announced a budget of Rs 1751.31 billion for the current fiscal year, the government has neither been able to spend the budget according to the target nor collect revenue.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Whenever the government announces a big budget and fails to meet the target, the government reduces the size of the budget through half-yearly review of the budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the then Finance Minister Dr. Prakash Sharan Mahat reduced the estimate of income and expenditure for this year following the half-yearly review.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Mahat reduced the size of the budget by Rs 200 billion. Following the review, the budget was downsized to Rs 1530.26 billion for the current year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, it seems that the government is unlikely to spend even the revised budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">So far, the government's current expenditure has reached 51.2 percent, capital expenditure 27.36 percent and the expenditure towards the financial management has reached 45.33 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government has allocated a budget of Rs 1141.78 billion under the heading of current expenditure which covers the government’s expenses on salaries and allowances of employees, administrative expenses and subsidies going to the local level. So far, the government has spent Rs 584.61 billion under this heading.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, capital expenditure has also been minimal. So far, the government has not been able to spend even Rs 100 billion of the capital budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the government has allocated Rs 302.7 billion rupees under the capital heading, but has spent only Rs 82.65 billion. Likewise, Rs 307.45 billion have been allocated for the financial management, under which it has spent Rs 139.37 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the data of the Financial Comptroller General Office, the expenditure towards financial management was more than the capital expenditure by Rs 56.71 billion in the past month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government’s target has been affected by the recession in the economy. Government officials are saying that the economy has started to improve lately.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20222', 'image' => '20240317022141_budgetttttt.jpg', 'article_date' => '2024-03-17 14:20:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20494', 'article_category_id' => '1', 'title' => 'Surging Nervous System Disorders now Top Cause of Illness: Study', 'sub_title' => '', 'summary' => 'March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the report, more than 3.4 billion people -- 43 percent of the global population -- experienced a neurological condition in 2021, far more than had previously been thought, the analysis found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The study was carried out by hundreds of researchers led by the US-based Institute for Health Metrics and Evaluation (IHME), which has become a global reference for health statistics. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, lead study author Jaimie Steinmetz of the IHME said the results showed that nervous system conditions are now "the world's leading cause of overall disease burden".</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cases of these conditions have soared by 59 percent in the last three decades, she said, with the increase mainly driven by the fact that the world's population was ageing and growing fast.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The report states that the researchers looked at how 37 different neurological conditions affected ill health, disability and premature death across 204 countries and territories from 1990 to 2021.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This data was used to estimate how many years of healthy life were lost to each condition, called disability-adjusted life years (DALYs), AFP added citing the study.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 443 million years of healthy life were lost to nervous system disorders globally in 2021, an 18-percent increase from 1990, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, if the population's age and growing size was adjusted for, DALYs and deaths from these conditions actually fell by around a third, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stroke, which was previously counted as a heart disease, was by far the worst neurological condition analysed, accounting for 160 million years of healthy life lost. It was followed by a form of brain damage called neonatal encephalopathy, migraine, dementia including Alzheimer's disease, nerve damage from diabetes, meningitis and epilepsy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cognitive impairment from Covid-19 ranked 20th.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The main reason that nervous system conditions surpassed cardiovascular disease in the latest analysis was a recent World Health Organization classification change that moved stroke into the neurological category, Steinmetz told AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"Because deaths occur at a young age, this creates a large contribution to years of life lost," she added.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Children accounted for nearly a fifth of all healthy years lost, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 11 million people died from the 37 neurological conditions in 2021, according to the study in The Lancet Neurology journal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However cardiovascular disease remained the leading cause of death, killing 19.8 million people worldwide in 2022, the IHME said last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The most common neurological disorders were tension headaches and migraines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The quickest-growing condition was nerve damage called diabetic neuropathy from soaring cases of diabetes. Most of these conditions have no cure.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But there are ways to lessen the risk, including reducing rates of high blood pressure, diabetes and alcohol consumption, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They called for much more to be done to prevent, treat and rehabilitate the disorders, which disproportionately affect poorer countries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"The worldwide neurological burden is growing very fast and will put even more pressure on health systems in the coming decades," warned study co-author Valery Feigin. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20221', 'image' => '20240317014357_health sector.jpg', 'article_date' => '2024-03-17 13:42:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20492', 'article_category_id' => '1', 'title' => 'No Party Interested to Provide Loans to NAC', 'sub_title' => '', 'summary' => 'March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion. After no party submitted a proposal within the specified period, the NAC issued Expression of Interest (EOI) again.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC issued the EOI again on last Wednesday after no partner, government or company proposed to give a loan within the specified period. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC plans to pay the outstanding debt and buy new aircraft with the new loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC, the new loan will mostly be utilized to buy new aircraft. The NAC requires an estimated loan of Rs 75 billion to buy new aircraft, Rs 55 billion to pay off the existing debt and Rs 5 billion to build the hangar.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to NAC Spokesperson Ramesh Paudel, the debt of the company is now more than Rs 48 billion. The NAC’s debt liability for the purchase of four aircraft in 2015 and the interest on the loans alone stand almost Rs 50 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC, which is under severe pressure due to lack of capital, debt burden and lack of aircraft, is making an attempt to proceed ahead with the purchase of new aircraft by taking concessional loan, but the lender have do not trust the national flag carrier of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC t present has taken loans from the Employees' Provident Fund and Citizens' Investment Fund. The NAC has to pay more than a billion rupees annually in interest to these lenders. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC officials, the state-owned airline company is seeking concessional loans to pay the current debts because the interest rates of EPF and CIT are quite high. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The report of the Structural and Managerial Study and Recommendation Committee of Nepal Airlines Corporation states that the accumulated total debt of the NAC in 2080 stands at Rs 48.3 billion. The corporation is paying interest at the rate of more than 10 percent of the total loan.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20220', 'image' => '20240317120621_naccccc.jpg', 'article_date' => '2024-03-17 12:05:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20493', 'article_category_id' => '266', 'title' => 'Coca-Cola Makes Guinness World Record for 'The Largest Momo Party' in Nepal', 'sub_title' => '', 'summary' => 'March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. Issuing a recent statement, the company said this marks an incredible feat as a celebration of rich food, culture and community spirit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“It’s undeniable, Nepal truly loves Coke and Momo,” the statement added. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The company claimed that Coca-Cola made history on Friday, March 15, by creating an unforgettable experience by setting a new Guinness World Record, with 'The Largest Momo Party' as part of the second edition of 'Kathmandu is Cooking' at the Hyatt Regency Ground in Bouddha, Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Coca-Cola said the company successfully hosted 500+ enthusiastic participants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“Each participant was treated to a delightful variety of two momos with a bottle of 250 ml coke,” reads the statement, adding, a dedicated food hygiene inspectors and two witnesses were present throughout the event to ensure the highest standards of food safety and hygiene.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The statement further said that this achievement underscores Coca-Cola's dedication to creating moments of joy and unity within the community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Chandrika Kalia, country director for Coca-Cola in Nepal, expressed her pride in the company's accomplishment, stating, "Nepalis truly love Coke and Momo and this fact has come alive through a Guinness World Record. This celebration of food is a testament to the vibrant spirit of Nepali culture. We are proud to create memorable experiences of celebration and joy in the Nepalese community."</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20219', 'image' => '20240317122251__MGL4578.jpg', 'article_date' => '2024-03-17 12:21:33', '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' => '20510', 'article_category_id' => '1', 'title' => 'NEPSE Records Modest Gain of 3.27 Points, Closing at 2073.53', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">March 18: The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">During today’s active trading session, a total of 303 scrips were traded on NEPSE, accounting for 53,256 transactions. The market witnessed 7,459,424 shares changing hands, resulting in a total turnover of Rs 2.88 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL) emerged as the top performer in terms of turnover, with transactions worth Rs 23 crores.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL), Saptakoshi Development Bank (SAPDBL), People’s Power Company (PPL), and Dhaulagiri Laghubitta Bittiya Sanstha (DLBS), each experienced a 10% increase and hit the positive circuit.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">On the flip side, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) experienced the most significant decline, dropping by 5.15% and closing at Rs 902 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Nine sectors, including the Finance Index and Development Bank, closed in positive territory, while the remaining sectors ended in the red.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Development Index saw the most significant growth, climbing by 1.30%, whereas the Manufacturing and Processing sector experienced the highest decline, dropping by 0.82%.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20237', 'image' => '20240318035715_collage (16).jpg', 'article_date' => '2024-03-18 15:55:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20509', 'article_category_id' => '1', 'title' => 'Govt Fails to Implement Labor Agreement with Japan', 'sub_title' => '', 'summary' => 'March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Government of Nepal had signed a 'cooperation agreement' with Japan on March 26, 2019 to provide employment to Nepalese workers in Japan through the initiative at the government level. However, Nepali workers have not been able to go to Japan under the agreement. Instead, the government has given manpower companies the right to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The two countries had signed the agreement to send Nepali workers to Japan to work in the field of agriculture, nursing, vehicle maintenance, food service industry, construction industry, food and beverage production, housing industry, machinery parts industry, fishing industry, industrial equipment industry, electric, electronics and information technology industry, building and cleaning business, ship and spare parts industry as well as the aviation industry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Although it was agreed that the Nepali workers selected under the agreement would get the same or higher wages as Japanese citizens, Japan showed reluctance to take workers from Nepal through the government initiative.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">After the agreement, the Japanese government initially seemed indifferent towards the need to start the language test and skill test as well as labor selection process. The Government of Nepal also did not take sufficient initiative. As a result, 'Specified Skilled Workers' have not been able to go to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">While inquiring about this issue, a senior official of the Ministry of Labor admitted that it was partly due to the weakness of Nepal, but the main reason was Japan's reluctance to hire the workers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The problem is because of the frequent change of government and the ministers not prioritizing the issue," said the official requesting anonymity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">As the agreement could not be implemented, the government recently gave the right to send Nepali workers to Japan to a manpower company. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Ministry of Labour, Employment and Social Security has issued a procedure on sending certain skilled workers to Japan. Along with this, a legal base has been created for manpower companies to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure mentions that the manpower company that sends 'Specified Skilled Worker' to Japan should have its own training center according to the prevailing standards for language and skill development. In relation to the teaching of Japanese language in the language training center, the procedure has clarified that there should be at least two language instructors who have an official certificate of Japanese language training.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Nepali licensed organization should have an agreement with its own contact branch legally registered in Japan or a registered support organization for the purpose of collecting, verifying and facilitating Specified Skilled Workers’ (SSW) demand and providing necessary welfare services and activities for Nepalese workers. There is also a provision in the procedure that the licensed organizations should not charge any fee to the workers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure also states that the employer will bear the costs of air fare, insurance, health examination, contribution to the welfare fund, contribution to the social security fund and labor permit incurred when sending the employee to Japan for employment. It is said that the service fee collected by the manpower company will be as prescribed by the ministry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to Labor Ministry’s Spokesman Rajeev Pokharel, the division that deals with matters related to employment management of the ministry acts as a contact point according to the labor agreement. According to him, the contact point will coordinate with the Japanese side as needed to facilitate the implementation of this procedure.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20236', 'image' => '20240318024016_Flag-Pins-Nepal-Japan.jpg', 'article_date' => '2024-03-18 14:38:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20508', 'article_category_id' => '1', 'title' => 'Manakamana Cable Car Service to Remain Closed for a Day ', 'sub_title' => '', 'summary' => 'March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The service would come into operation from March 21, said Deputy General Manager of the Pvt Ltd, Ujjwal Sherchan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Manakamana Cable Car service was brought into operation from 2055 BS. One can reach the Manakamana Temple of Gorkha district from Kurintar of Chitwan district within 10 minutes by cable car. Manakamana cable car is the first cable car service of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20235', 'image' => '20240318020527_20211223031728_manakamana-Cablecar.jpg', 'article_date' => '2024-03-18 14:04:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20507', 'article_category_id' => '1', 'title' => 'Flower Expo Sees Turnover of More than Rs 10 Million', 'sub_title' => '', 'summary' => 'March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. Floriculture Association Nepal, the organizer of the event, informed that the transactions of the aforementioned amount took place from the sale of different types of flowers and tickets sale during the four-day fair. According to the organizers, 49,000 people visited the flower expo.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The fair was inaugurated last Thursday with the slogan 'Flower business for clean environment and economic development'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Meen Bahadur Tamang, president of the association, said that the exhibition was organized to promote floral products at the national level, to expand the market, to distribute products and to establish direct relationships between flower traders and consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He said that the business from the fair was as expected. Sixty exhibition stalls, three landscaping stalls, eight official stalls, one competition exhibition stall and food stall were kept in the fair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Tamang says that the business of floral products, which are mostly used in various festivals, was severely affected in the last few years due to the impacts of coronavirus pandemic, but it has been recovering since the fiscal year 2078/79. The annual turnover of flower business is more than Rs 3 billion in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With the increase in the demand for flowers, floriculture has been expanded in 43 districts of Nepal including Kathmandu, Lalitpur, Bhaktapur, Kaski, Chitwan, Makwanpur, Kavrepalanchok, Gulmi, Palpa, Dhading, and Morang among others.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Currently, 450 species of flowers are being produced commercially in Nepal. The flower business, which started in 2007 BS, is flourishing with the rapid urbanization in the country.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20234', 'image' => '20240318012057_433123559_823399686478697_344588762367715800_n.jpg', 'article_date' => '2024-03-18 13:20:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20505', 'article_category_id' => '1', 'title' => 'Karnali Bridge Opens for Traffic ', 'sub_title' => '', 'summary' => 'March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. The bridge was opened for traffic after an assessment of the damage caused by the fire incident that originated from a truck loaded with gas lighters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bridge has been opened for traffic after an on-site assessment and in consultation with experts who said that travelling across the bridge was not a problem, said Engineer Niraj Shakya of the Road Division Office, Nepalgunj. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The wire ropes holding the signature bridge had caught fire in the incident that took place last Monday. The bridge was subsequently closed for traffic, before an expert team from the division came to inspect the extent of damage. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20232', 'image' => '20240318125011_DN-Lamki.jpg', 'article_date' => '2024-03-18 12:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20503', 'article_category_id' => '1', 'title' => 'Eighth Edition of Newbiz Business Conclave and Awards on Friday', 'sub_title' => '', 'summary' => 'March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. Asian Paints is the title sponsor of the annual program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Apart from panel discussion, the event will see award distribution in various categories in recognition to the contributions made by the business sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The panel discussion will delve on the topic of 'Business Opportunities in Difficult Times'. The speakers during the panel discussion will be Amlan Mukherjee, Managing Director of Unilever Nepal Limited, Anand Bagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications. The panel discussion will be facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Manab Majumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), will give a keynote speech during the program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Under the program, awards will be distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award. According to the organizer, Lifetime Achievement Award will be given to a person who has contributed for a long time in the field of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Similarly, awards will be distributed under the categories of 'Best Managed Company of the Year', 'Premium Hotel of the Year', 'Best Hospital of the Year', 'Best Managed Commercial Bank of the Year', 'Best Managed Development Bank of the Year', 'Best Managed Finance Company of the Year', 'Best Life Insurance Company of the Year', and 'Best Non-Life Insurance Company of the Year'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the organizers, a panel of independent jury comprising experts from various fields have selected the organizations and individuals who will receive the award. The selection was done after a rigorous and phase-wise evaluation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Other sponsors of the event are NIC Asia Bank, Tiago EV, Nabil Bank, National Life Insurance, Rastriya Banijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program is DishHome Fiber Net and the TV partner is Himalaya TV. Vogue Ad and Event Management is in charge of program management.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '20230', 'image' => '20240318113643_New Biz Awards 2_183405.jpeg', 'article_date' => '2024-03-18 11:34:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20502', 'article_category_id' => '1', 'title' => 'Finance Minister Pun Hints at Change in Tax Rates in New Budget ', 'sub_title' => '', 'summary' => 'March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">During a meeting with the journalists at the Ministry of Finance on Sunday, Minister Pun said that the government will clearly state the reasons if the tax rates are reviewed. The minister assured that no question will be raised on the intention behind the decision to change tax rates.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The government will maintain transparency while determining the tax rates," Minister Pun said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He viewed that public participation should be ensured in budget making and determining the tax system as well. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">On the occasion, the finance minister also emphasized the need for an objective analysis of the relevance of tax exemption given by the government to different sectors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun also argued that a debate was needed whether or not multi-rate was needed on value added tax (VAT). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Likewise, he said the ministry has decided to supply some amount of money in the market to ensure a vibrant economy, adding that the entire market was sluggish due to the shrink in demand and consumption lately. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun said that he was studying the ways to make consumption market and capital market more vibrant. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20229', 'image' => '20240318104546_20210226043111_20201119021010_20200907074520_1599400665.tax.jpg', 'article_date' => '2024-03-18 10:45:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20501', 'article_category_id' => '1', 'title' => 'Nepal Aushadhi Limited Launches Three Drugs ', 'sub_title' => '', 'summary' => ' The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">According to the Company, 150,000 tablets of each medicine will be produced each day. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Prior to this, its productions include Jeevan Jal, Cetamol, Distilled water, Glycerin, folic acid and Hemodialysis fluid and powder.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Paneru said that the Company is in the position of manufacturing more drugs provided that the government supports for the same. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Limited established in 2029 BS as a government entity once used to manufacture 120 types of medicines. But over the course of time, it was closed in 2062 BS and revived in 2074 BS with the production of Cetamol. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">With the newly launched products, the numbers of products by the Limited has reached 11. (RSS) </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20228', 'image' => '20240317052054_collage (15).jpg', 'article_date' => '2024-03-17 17:19:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20500', 'article_category_id' => '1', 'title' => 'NEPSE Posts Loss of 10.62 Points to Close at 2070.25', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">During today’s trading session, 304 scrips were traded on the NEPSE through 63,009 transactions. As many as 8,406,076 shares were traded resulting in a total turnover of Rs 3.38 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Shivam Cements Limited (SHIVM) led the transaction amount with a total turnover of Rs 41 crores. Saptakoshi Development Bank Limited (SAPDBL) saw the highest gain of 10%, closing at a market price of Rs 287.10 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt"> Conversely, Wean Laghubitta Bittiya Sanstha Limited (WNLB) incurred the highest loss at 7.83%, closing at a market price of Rs 1,066 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Regarding sector-indices, all sector indices closed in the red territory except the Development Bank Index, Finance Index, and Manufacturing and Processing Index. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Development Index saw the highest gain of 0.82%, while the Hotels and Tourism Index lost the most at 1.56%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20227', 'image' => '20240317042328_collage (14).jpg', 'article_date' => '2024-03-17 16:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '20499', 'article_category_id' => '1', 'title' => 'Government Declares Pokhara as Tourism Capital of Nepal ', 'sub_title' => '', 'summary' => 'March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal. He made this announcement amidst a function organised at Barahighat, near the Phewa Lake in Kaski on Sunday. Prior to this, the Prime Minister unveiled a logo and memorial pillar relating to the tourism capital. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the Pokhara Tourism Council (PTC) submitted a memorandum to Prime Minister Dahal , urging the government to start international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A delegation led by PTC Chairperson Pom Narayan Shrestha handed over the memorandum. PTC has drawn the attention of the government citing that the major roadways connecting Pokhara were in dire condition and the international flights from Pokhara International Airport have not been regular even after more than one year since the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The council has called for starting international flights to and from Pokhara at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The memorandum states that the tourism entrepreneurs had to face crisis one after the other since some years. Stating that their investment is at risk due to the slump in the economy and declining employment opportunities, PTC, through the memorandum, called for providing motivation and time to the tourism entrepreneurs to pay back the loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The council also demanded restructuring of the Nepal Tourism Board (NTB) and ensuring the representation of Pokhara on the NTB Executive Board Member that is currently lying vacant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Council has urged the government to start international flights from Pokhara International Airport with the aircraft of Nepal Airlines itself in the initial phase and then to encourage other airlines by providing them with incentive packages. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PTC also mentioned in the memo that the prohibition on individual paragliding has demoralized the paragliding adventure sports players. It may be recalled here that the Civil Aviation Authority of Nepal (CAAN) had banned individual paragliding after a paragliding accident in course of the Ninth National Paragliding Competition last year. -- RSS </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20226', 'image' => '20240317024741_sarangkot.jpg', 'article_date' => '2024-03-17 14:47:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20498', 'article_category_id' => '1', 'title' => 'Festival of Holi Formally begins with the Installation of Chir at Basantapur ', 'sub_title' => '', 'summary' => 'March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima. The festival formally begins in the Kathmandu Valley and nationwide with the people from the Manandhar community installing the Chir, a bamboo pole decorated with a tuft of colorful pieces of cloth in three tiers at the top end a week before the full moon day in the month of Falgun. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a local Tirthalal Tandukar, the placing of the Chir marks the commencement of the festival of colours.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Following the completion of the Holi festival, people would collect the pieces of clothes from the Chir and keep it in their homes with a belief that it will bring good luck for them. The Chir will be dispersed in Tundikhel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This year, the festival falls on March 24 in the hill districts including the districts in the Kathmandu Valley and on March 25 in the Terai/Madhesh. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20225', 'image' => '20240317024656_Untitled.jpg', 'article_date' => '2024-03-17 14:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20495', 'article_category_id' => '1', 'title' => 'Budget Deficit Tops Over Rs 138 Billion', 'sub_title' => '', 'summary' => 'March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. As of March 15, the government has spent a total of Rs 806.64 billion and collected Rs 667.80 billion rupees through revenue and grants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the records of the Financial Comptroller General's Office, which keeps the record of government’s income and expenditure, the government's expenditure has exceeded its income during this period of the current year. During the review period, revenue collection has reached 45.2 percent of the annual target and the budget expenditure is 45.35 percent of the target.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In Nepal, it has become a trend of announcing ambitious budget without ensuring resources. Due to this, there is a problem of budget deficit and lack of budget to implement the programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Although the government had announced a budget of Rs 1751.31 billion for the current fiscal year, the government has neither been able to spend the budget according to the target nor collect revenue.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Whenever the government announces a big budget and fails to meet the target, the government reduces the size of the budget through half-yearly review of the budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the then Finance Minister Dr. Prakash Sharan Mahat reduced the estimate of income and expenditure for this year following the half-yearly review.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Mahat reduced the size of the budget by Rs 200 billion. Following the review, the budget was downsized to Rs 1530.26 billion for the current year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, it seems that the government is unlikely to spend even the revised budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">So far, the government's current expenditure has reached 51.2 percent, capital expenditure 27.36 percent and the expenditure towards the financial management has reached 45.33 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government has allocated a budget of Rs 1141.78 billion under the heading of current expenditure which covers the government’s expenses on salaries and allowances of employees, administrative expenses and subsidies going to the local level. So far, the government has spent Rs 584.61 billion under this heading.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, capital expenditure has also been minimal. So far, the government has not been able to spend even Rs 100 billion of the capital budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the government has allocated Rs 302.7 billion rupees under the capital heading, but has spent only Rs 82.65 billion. Likewise, Rs 307.45 billion have been allocated for the financial management, under which it has spent Rs 139.37 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the data of the Financial Comptroller General Office, the expenditure towards financial management was more than the capital expenditure by Rs 56.71 billion in the past month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government’s target has been affected by the recession in the economy. Government officials are saying that the economy has started to improve lately.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20222', 'image' => '20240317022141_budgetttttt.jpg', 'article_date' => '2024-03-17 14:20:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20494', 'article_category_id' => '1', 'title' => 'Surging Nervous System Disorders now Top Cause of Illness: Study', 'sub_title' => '', 'summary' => 'March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the report, more than 3.4 billion people -- 43 percent of the global population -- experienced a neurological condition in 2021, far more than had previously been thought, the analysis found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The study was carried out by hundreds of researchers led by the US-based Institute for Health Metrics and Evaluation (IHME), which has become a global reference for health statistics. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, lead study author Jaimie Steinmetz of the IHME said the results showed that nervous system conditions are now "the world's leading cause of overall disease burden".</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cases of these conditions have soared by 59 percent in the last three decades, she said, with the increase mainly driven by the fact that the world's population was ageing and growing fast.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The report states that the researchers looked at how 37 different neurological conditions affected ill health, disability and premature death across 204 countries and territories from 1990 to 2021.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This data was used to estimate how many years of healthy life were lost to each condition, called disability-adjusted life years (DALYs), AFP added citing the study.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 443 million years of healthy life were lost to nervous system disorders globally in 2021, an 18-percent increase from 1990, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, if the population's age and growing size was adjusted for, DALYs and deaths from these conditions actually fell by around a third, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stroke, which was previously counted as a heart disease, was by far the worst neurological condition analysed, accounting for 160 million years of healthy life lost. It was followed by a form of brain damage called neonatal encephalopathy, migraine, dementia including Alzheimer's disease, nerve damage from diabetes, meningitis and epilepsy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cognitive impairment from Covid-19 ranked 20th.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The main reason that nervous system conditions surpassed cardiovascular disease in the latest analysis was a recent World Health Organization classification change that moved stroke into the neurological category, Steinmetz told AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"Because deaths occur at a young age, this creates a large contribution to years of life lost," she added.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Children accounted for nearly a fifth of all healthy years lost, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 11 million people died from the 37 neurological conditions in 2021, according to the study in The Lancet Neurology journal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However cardiovascular disease remained the leading cause of death, killing 19.8 million people worldwide in 2022, the IHME said last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The most common neurological disorders were tension headaches and migraines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The quickest-growing condition was nerve damage called diabetic neuropathy from soaring cases of diabetes. Most of these conditions have no cure.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But there are ways to lessen the risk, including reducing rates of high blood pressure, diabetes and alcohol consumption, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They called for much more to be done to prevent, treat and rehabilitate the disorders, which disproportionately affect poorer countries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"The worldwide neurological burden is growing very fast and will put even more pressure on health systems in the coming decades," warned study co-author Valery Feigin. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20221', 'image' => '20240317014357_health sector.jpg', 'article_date' => '2024-03-17 13:42:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20492', 'article_category_id' => '1', 'title' => 'No Party Interested to Provide Loans to NAC', 'sub_title' => '', 'summary' => 'March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion. After no party submitted a proposal within the specified period, the NAC issued Expression of Interest (EOI) again.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC issued the EOI again on last Wednesday after no partner, government or company proposed to give a loan within the specified period. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC plans to pay the outstanding debt and buy new aircraft with the new loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC, the new loan will mostly be utilized to buy new aircraft. The NAC requires an estimated loan of Rs 75 billion to buy new aircraft, Rs 55 billion to pay off the existing debt and Rs 5 billion to build the hangar.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to NAC Spokesperson Ramesh Paudel, the debt of the company is now more than Rs 48 billion. The NAC’s debt liability for the purchase of four aircraft in 2015 and the interest on the loans alone stand almost Rs 50 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC, which is under severe pressure due to lack of capital, debt burden and lack of aircraft, is making an attempt to proceed ahead with the purchase of new aircraft by taking concessional loan, but the lender have do not trust the national flag carrier of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC t present has taken loans from the Employees' Provident Fund and Citizens' Investment Fund. The NAC has to pay more than a billion rupees annually in interest to these lenders. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC officials, the state-owned airline company is seeking concessional loans to pay the current debts because the interest rates of EPF and CIT are quite high. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The report of the Structural and Managerial Study and Recommendation Committee of Nepal Airlines Corporation states that the accumulated total debt of the NAC in 2080 stands at Rs 48.3 billion. The corporation is paying interest at the rate of more than 10 percent of the total loan.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20220', 'image' => '20240317120621_naccccc.jpg', 'article_date' => '2024-03-17 12:05:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20493', 'article_category_id' => '266', 'title' => 'Coca-Cola Makes Guinness World Record for 'The Largest Momo Party' in Nepal', 'sub_title' => '', 'summary' => 'March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. Issuing a recent statement, the company said this marks an incredible feat as a celebration of rich food, culture and community spirit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“It’s undeniable, Nepal truly loves Coke and Momo,” the statement added. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The company claimed that Coca-Cola made history on Friday, March 15, by creating an unforgettable experience by setting a new Guinness World Record, with 'The Largest Momo Party' as part of the second edition of 'Kathmandu is Cooking' at the Hyatt Regency Ground in Bouddha, Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Coca-Cola said the company successfully hosted 500+ enthusiastic participants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“Each participant was treated to a delightful variety of two momos with a bottle of 250 ml coke,” reads the statement, adding, a dedicated food hygiene inspectors and two witnesses were present throughout the event to ensure the highest standards of food safety and hygiene.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The statement further said that this achievement underscores Coca-Cola's dedication to creating moments of joy and unity within the community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Chandrika Kalia, country director for Coca-Cola in Nepal, expressed her pride in the company's accomplishment, stating, "Nepalis truly love Coke and Momo and this fact has come alive through a Guinness World Record. This celebration of food is a testament to the vibrant spirit of Nepali culture. We are proud to create memorable experiences of celebration and joy in the Nepalese community."</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20219', 'image' => '20240317122251__MGL4578.jpg', 'article_date' => '2024-03-17 12:21:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20510', 'article_category_id' => '1', 'title' => 'NEPSE Records Modest Gain of 3.27 Points, Closing at 2073.53', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">March 18: The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">During today’s active trading session, a total of 303 scrips were traded on NEPSE, accounting for 53,256 transactions. The market witnessed 7,459,424 shares changing hands, resulting in a total turnover of Rs 2.88 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL) emerged as the top performer in terms of turnover, with transactions worth Rs 23 crores.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL), Saptakoshi Development Bank (SAPDBL), People’s Power Company (PPL), and Dhaulagiri Laghubitta Bittiya Sanstha (DLBS), each experienced a 10% increase and hit the positive circuit.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">On the flip side, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) experienced the most significant decline, dropping by 5.15% and closing at Rs 902 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Nine sectors, including the Finance Index and Development Bank, closed in positive territory, while the remaining sectors ended in the red.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Development Index saw the most significant growth, climbing by 1.30%, whereas the Manufacturing and Processing sector experienced the highest decline, dropping by 0.82%.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20237', 'image' => '20240318035715_collage (16).jpg', 'article_date' => '2024-03-18 15:55:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20509', 'article_category_id' => '1', 'title' => 'Govt Fails to Implement Labor Agreement with Japan', 'sub_title' => '', 'summary' => 'March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Government of Nepal had signed a 'cooperation agreement' with Japan on March 26, 2019 to provide employment to Nepalese workers in Japan through the initiative at the government level. However, Nepali workers have not been able to go to Japan under the agreement. Instead, the government has given manpower companies the right to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The two countries had signed the agreement to send Nepali workers to Japan to work in the field of agriculture, nursing, vehicle maintenance, food service industry, construction industry, food and beverage production, housing industry, machinery parts industry, fishing industry, industrial equipment industry, electric, electronics and information technology industry, building and cleaning business, ship and spare parts industry as well as the aviation industry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Although it was agreed that the Nepali workers selected under the agreement would get the same or higher wages as Japanese citizens, Japan showed reluctance to take workers from Nepal through the government initiative.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">After the agreement, the Japanese government initially seemed indifferent towards the need to start the language test and skill test as well as labor selection process. The Government of Nepal also did not take sufficient initiative. As a result, 'Specified Skilled Workers' have not been able to go to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">While inquiring about this issue, a senior official of the Ministry of Labor admitted that it was partly due to the weakness of Nepal, but the main reason was Japan's reluctance to hire the workers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The problem is because of the frequent change of government and the ministers not prioritizing the issue," said the official requesting anonymity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">As the agreement could not be implemented, the government recently gave the right to send Nepali workers to Japan to a manpower company. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Ministry of Labour, Employment and Social Security has issued a procedure on sending certain skilled workers to Japan. Along with this, a legal base has been created for manpower companies to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure mentions that the manpower company that sends 'Specified Skilled Worker' to Japan should have its own training center according to the prevailing standards for language and skill development. In relation to the teaching of Japanese language in the language training center, the procedure has clarified that there should be at least two language instructors who have an official certificate of Japanese language training.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Nepali licensed organization should have an agreement with its own contact branch legally registered in Japan or a registered support organization for the purpose of collecting, verifying and facilitating Specified Skilled Workers’ (SSW) demand and providing necessary welfare services and activities for Nepalese workers. There is also a provision in the procedure that the licensed organizations should not charge any fee to the workers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure also states that the employer will bear the costs of air fare, insurance, health examination, contribution to the welfare fund, contribution to the social security fund and labor permit incurred when sending the employee to Japan for employment. It is said that the service fee collected by the manpower company will be as prescribed by the ministry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to Labor Ministry’s Spokesman Rajeev Pokharel, the division that deals with matters related to employment management of the ministry acts as a contact point according to the labor agreement. According to him, the contact point will coordinate with the Japanese side as needed to facilitate the implementation of this procedure.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20236', 'image' => '20240318024016_Flag-Pins-Nepal-Japan.jpg', 'article_date' => '2024-03-18 14:38:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20508', 'article_category_id' => '1', 'title' => 'Manakamana Cable Car Service to Remain Closed for a Day ', 'sub_title' => '', 'summary' => 'March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The service would come into operation from March 21, said Deputy General Manager of the Pvt Ltd, Ujjwal Sherchan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Manakamana Cable Car service was brought into operation from 2055 BS. One can reach the Manakamana Temple of Gorkha district from Kurintar of Chitwan district within 10 minutes by cable car. Manakamana cable car is the first cable car service of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20235', 'image' => '20240318020527_20211223031728_manakamana-Cablecar.jpg', 'article_date' => '2024-03-18 14:04:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20507', 'article_category_id' => '1', 'title' => 'Flower Expo Sees Turnover of More than Rs 10 Million', 'sub_title' => '', 'summary' => 'March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. Floriculture Association Nepal, the organizer of the event, informed that the transactions of the aforementioned amount took place from the sale of different types of flowers and tickets sale during the four-day fair. According to the organizers, 49,000 people visited the flower expo.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The fair was inaugurated last Thursday with the slogan 'Flower business for clean environment and economic development'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Meen Bahadur Tamang, president of the association, said that the exhibition was organized to promote floral products at the national level, to expand the market, to distribute products and to establish direct relationships between flower traders and consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He said that the business from the fair was as expected. Sixty exhibition stalls, three landscaping stalls, eight official stalls, one competition exhibition stall and food stall were kept in the fair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Tamang says that the business of floral products, which are mostly used in various festivals, was severely affected in the last few years due to the impacts of coronavirus pandemic, but it has been recovering since the fiscal year 2078/79. The annual turnover of flower business is more than Rs 3 billion in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With the increase in the demand for flowers, floriculture has been expanded in 43 districts of Nepal including Kathmandu, Lalitpur, Bhaktapur, Kaski, Chitwan, Makwanpur, Kavrepalanchok, Gulmi, Palpa, Dhading, and Morang among others.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Currently, 450 species of flowers are being produced commercially in Nepal. The flower business, which started in 2007 BS, is flourishing with the rapid urbanization in the country.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20234', 'image' => '20240318012057_433123559_823399686478697_344588762367715800_n.jpg', 'article_date' => '2024-03-18 13:20:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20505', 'article_category_id' => '1', 'title' => 'Karnali Bridge Opens for Traffic ', 'sub_title' => '', 'summary' => 'March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. The bridge was opened for traffic after an assessment of the damage caused by the fire incident that originated from a truck loaded with gas lighters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bridge has been opened for traffic after an on-site assessment and in consultation with experts who said that travelling across the bridge was not a problem, said Engineer Niraj Shakya of the Road Division Office, Nepalgunj. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The wire ropes holding the signature bridge had caught fire in the incident that took place last Monday. The bridge was subsequently closed for traffic, before an expert team from the division came to inspect the extent of damage. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20232', 'image' => '20240318125011_DN-Lamki.jpg', 'article_date' => '2024-03-18 12:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20503', 'article_category_id' => '1', 'title' => 'Eighth Edition of Newbiz Business Conclave and Awards on Friday', 'sub_title' => '', 'summary' => 'March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. Asian Paints is the title sponsor of the annual program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Apart from panel discussion, the event will see award distribution in various categories in recognition to the contributions made by the business sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The panel discussion will delve on the topic of 'Business Opportunities in Difficult Times'. The speakers during the panel discussion will be Amlan Mukherjee, Managing Director of Unilever Nepal Limited, Anand Bagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications. The panel discussion will be facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Manab Majumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), will give a keynote speech during the program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Under the program, awards will be distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award. According to the organizer, Lifetime Achievement Award will be given to a person who has contributed for a long time in the field of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Similarly, awards will be distributed under the categories of 'Best Managed Company of the Year', 'Premium Hotel of the Year', 'Best Hospital of the Year', 'Best Managed Commercial Bank of the Year', 'Best Managed Development Bank of the Year', 'Best Managed Finance Company of the Year', 'Best Life Insurance Company of the Year', and 'Best Non-Life Insurance Company of the Year'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the organizers, a panel of independent jury comprising experts from various fields have selected the organizations and individuals who will receive the award. The selection was done after a rigorous and phase-wise evaluation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Other sponsors of the event are NIC Asia Bank, Tiago EV, Nabil Bank, National Life Insurance, Rastriya Banijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program is DishHome Fiber Net and the TV partner is Himalaya TV. Vogue Ad and Event Management is in charge of program management.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '20230', 'image' => '20240318113643_New Biz Awards 2_183405.jpeg', 'article_date' => '2024-03-18 11:34:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20502', 'article_category_id' => '1', 'title' => 'Finance Minister Pun Hints at Change in Tax Rates in New Budget ', 'sub_title' => '', 'summary' => 'March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">During a meeting with the journalists at the Ministry of Finance on Sunday, Minister Pun said that the government will clearly state the reasons if the tax rates are reviewed. The minister assured that no question will be raised on the intention behind the decision to change tax rates.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The government will maintain transparency while determining the tax rates," Minister Pun said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He viewed that public participation should be ensured in budget making and determining the tax system as well. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">On the occasion, the finance minister also emphasized the need for an objective analysis of the relevance of tax exemption given by the government to different sectors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun also argued that a debate was needed whether or not multi-rate was needed on value added tax (VAT). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Likewise, he said the ministry has decided to supply some amount of money in the market to ensure a vibrant economy, adding that the entire market was sluggish due to the shrink in demand and consumption lately. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun said that he was studying the ways to make consumption market and capital market more vibrant. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20229', 'image' => '20240318104546_20210226043111_20201119021010_20200907074520_1599400665.tax.jpg', 'article_date' => '2024-03-18 10:45:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20501', 'article_category_id' => '1', 'title' => 'Nepal Aushadhi Limited Launches Three Drugs ', 'sub_title' => '', 'summary' => ' The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">According to the Company, 150,000 tablets of each medicine will be produced each day. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Prior to this, its productions include Jeevan Jal, Cetamol, Distilled water, Glycerin, folic acid and Hemodialysis fluid and powder.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Paneru said that the Company is in the position of manufacturing more drugs provided that the government supports for the same. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Limited established in 2029 BS as a government entity once used to manufacture 120 types of medicines. But over the course of time, it was closed in 2062 BS and revived in 2074 BS with the production of Cetamol. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">With the newly launched products, the numbers of products by the Limited has reached 11. (RSS) </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20228', 'image' => '20240317052054_collage (15).jpg', 'article_date' => '2024-03-17 17:19:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20500', 'article_category_id' => '1', 'title' => 'NEPSE Posts Loss of 10.62 Points to Close at 2070.25', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">During today’s trading session, 304 scrips were traded on the NEPSE through 63,009 transactions. As many as 8,406,076 shares were traded resulting in a total turnover of Rs 3.38 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Shivam Cements Limited (SHIVM) led the transaction amount with a total turnover of Rs 41 crores. Saptakoshi Development Bank Limited (SAPDBL) saw the highest gain of 10%, closing at a market price of Rs 287.10 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt"> Conversely, Wean Laghubitta Bittiya Sanstha Limited (WNLB) incurred the highest loss at 7.83%, closing at a market price of Rs 1,066 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Regarding sector-indices, all sector indices closed in the red territory except the Development Bank Index, Finance Index, and Manufacturing and Processing Index. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Development Index saw the highest gain of 0.82%, while the Hotels and Tourism Index lost the most at 1.56%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20227', 'image' => '20240317042328_collage (14).jpg', 'article_date' => '2024-03-17 16:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '20499', 'article_category_id' => '1', 'title' => 'Government Declares Pokhara as Tourism Capital of Nepal ', 'sub_title' => '', 'summary' => 'March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal. He made this announcement amidst a function organised at Barahighat, near the Phewa Lake in Kaski on Sunday. Prior to this, the Prime Minister unveiled a logo and memorial pillar relating to the tourism capital. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the Pokhara Tourism Council (PTC) submitted a memorandum to Prime Minister Dahal , urging the government to start international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A delegation led by PTC Chairperson Pom Narayan Shrestha handed over the memorandum. PTC has drawn the attention of the government citing that the major roadways connecting Pokhara were in dire condition and the international flights from Pokhara International Airport have not been regular even after more than one year since the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The council has called for starting international flights to and from Pokhara at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The memorandum states that the tourism entrepreneurs had to face crisis one after the other since some years. Stating that their investment is at risk due to the slump in the economy and declining employment opportunities, PTC, through the memorandum, called for providing motivation and time to the tourism entrepreneurs to pay back the loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The council also demanded restructuring of the Nepal Tourism Board (NTB) and ensuring the representation of Pokhara on the NTB Executive Board Member that is currently lying vacant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Council has urged the government to start international flights from Pokhara International Airport with the aircraft of Nepal Airlines itself in the initial phase and then to encourage other airlines by providing them with incentive packages. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PTC also mentioned in the memo that the prohibition on individual paragliding has demoralized the paragliding adventure sports players. It may be recalled here that the Civil Aviation Authority of Nepal (CAAN) had banned individual paragliding after a paragliding accident in course of the Ninth National Paragliding Competition last year. -- RSS </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20226', 'image' => '20240317024741_sarangkot.jpg', 'article_date' => '2024-03-17 14:47:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20498', 'article_category_id' => '1', 'title' => 'Festival of Holi Formally begins with the Installation of Chir at Basantapur ', 'sub_title' => '', 'summary' => 'March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima. The festival formally begins in the Kathmandu Valley and nationwide with the people from the Manandhar community installing the Chir, a bamboo pole decorated with a tuft of colorful pieces of cloth in three tiers at the top end a week before the full moon day in the month of Falgun. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a local Tirthalal Tandukar, the placing of the Chir marks the commencement of the festival of colours.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Following the completion of the Holi festival, people would collect the pieces of clothes from the Chir and keep it in their homes with a belief that it will bring good luck for them. The Chir will be dispersed in Tundikhel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This year, the festival falls on March 24 in the hill districts including the districts in the Kathmandu Valley and on March 25 in the Terai/Madhesh. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20225', 'image' => '20240317024656_Untitled.jpg', 'article_date' => '2024-03-17 14:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20495', 'article_category_id' => '1', 'title' => 'Budget Deficit Tops Over Rs 138 Billion', 'sub_title' => '', 'summary' => 'March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. As of March 15, the government has spent a total of Rs 806.64 billion and collected Rs 667.80 billion rupees through revenue and grants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the records of the Financial Comptroller General's Office, which keeps the record of government’s income and expenditure, the government's expenditure has exceeded its income during this period of the current year. During the review period, revenue collection has reached 45.2 percent of the annual target and the budget expenditure is 45.35 percent of the target.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In Nepal, it has become a trend of announcing ambitious budget without ensuring resources. Due to this, there is a problem of budget deficit and lack of budget to implement the programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Although the government had announced a budget of Rs 1751.31 billion for the current fiscal year, the government has neither been able to spend the budget according to the target nor collect revenue.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Whenever the government announces a big budget and fails to meet the target, the government reduces the size of the budget through half-yearly review of the budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the then Finance Minister Dr. Prakash Sharan Mahat reduced the estimate of income and expenditure for this year following the half-yearly review.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Mahat reduced the size of the budget by Rs 200 billion. Following the review, the budget was downsized to Rs 1530.26 billion for the current year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, it seems that the government is unlikely to spend even the revised budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">So far, the government's current expenditure has reached 51.2 percent, capital expenditure 27.36 percent and the expenditure towards the financial management has reached 45.33 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government has allocated a budget of Rs 1141.78 billion under the heading of current expenditure which covers the government’s expenses on salaries and allowances of employees, administrative expenses and subsidies going to the local level. So far, the government has spent Rs 584.61 billion under this heading.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, capital expenditure has also been minimal. So far, the government has not been able to spend even Rs 100 billion of the capital budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the government has allocated Rs 302.7 billion rupees under the capital heading, but has spent only Rs 82.65 billion. Likewise, Rs 307.45 billion have been allocated for the financial management, under which it has spent Rs 139.37 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the data of the Financial Comptroller General Office, the expenditure towards financial management was more than the capital expenditure by Rs 56.71 billion in the past month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government’s target has been affected by the recession in the economy. Government officials are saying that the economy has started to improve lately.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20222', 'image' => '20240317022141_budgetttttt.jpg', 'article_date' => '2024-03-17 14:20:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20494', 'article_category_id' => '1', 'title' => 'Surging Nervous System Disorders now Top Cause of Illness: Study', 'sub_title' => '', 'summary' => 'March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the report, more than 3.4 billion people -- 43 percent of the global population -- experienced a neurological condition in 2021, far more than had previously been thought, the analysis found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The study was carried out by hundreds of researchers led by the US-based Institute for Health Metrics and Evaluation (IHME), which has become a global reference for health statistics. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, lead study author Jaimie Steinmetz of the IHME said the results showed that nervous system conditions are now "the world's leading cause of overall disease burden".</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cases of these conditions have soared by 59 percent in the last three decades, she said, with the increase mainly driven by the fact that the world's population was ageing and growing fast.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The report states that the researchers looked at how 37 different neurological conditions affected ill health, disability and premature death across 204 countries and territories from 1990 to 2021.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This data was used to estimate how many years of healthy life were lost to each condition, called disability-adjusted life years (DALYs), AFP added citing the study.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 443 million years of healthy life were lost to nervous system disorders globally in 2021, an 18-percent increase from 1990, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, if the population's age and growing size was adjusted for, DALYs and deaths from these conditions actually fell by around a third, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stroke, which was previously counted as a heart disease, was by far the worst neurological condition analysed, accounting for 160 million years of healthy life lost. It was followed by a form of brain damage called neonatal encephalopathy, migraine, dementia including Alzheimer's disease, nerve damage from diabetes, meningitis and epilepsy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cognitive impairment from Covid-19 ranked 20th.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The main reason that nervous system conditions surpassed cardiovascular disease in the latest analysis was a recent World Health Organization classification change that moved stroke into the neurological category, Steinmetz told AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"Because deaths occur at a young age, this creates a large contribution to years of life lost," she added.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Children accounted for nearly a fifth of all healthy years lost, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 11 million people died from the 37 neurological conditions in 2021, according to the study in The Lancet Neurology journal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However cardiovascular disease remained the leading cause of death, killing 19.8 million people worldwide in 2022, the IHME said last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The most common neurological disorders were tension headaches and migraines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The quickest-growing condition was nerve damage called diabetic neuropathy from soaring cases of diabetes. Most of these conditions have no cure.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But there are ways to lessen the risk, including reducing rates of high blood pressure, diabetes and alcohol consumption, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They called for much more to be done to prevent, treat and rehabilitate the disorders, which disproportionately affect poorer countries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"The worldwide neurological burden is growing very fast and will put even more pressure on health systems in the coming decades," warned study co-author Valery Feigin. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20221', 'image' => '20240317014357_health sector.jpg', 'article_date' => '2024-03-17 13:42:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20492', 'article_category_id' => '1', 'title' => 'No Party Interested to Provide Loans to NAC', 'sub_title' => '', 'summary' => 'March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion. After no party submitted a proposal within the specified period, the NAC issued Expression of Interest (EOI) again.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC issued the EOI again on last Wednesday after no partner, government or company proposed to give a loan within the specified period. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC plans to pay the outstanding debt and buy new aircraft with the new loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC, the new loan will mostly be utilized to buy new aircraft. The NAC requires an estimated loan of Rs 75 billion to buy new aircraft, Rs 55 billion to pay off the existing debt and Rs 5 billion to build the hangar.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to NAC Spokesperson Ramesh Paudel, the debt of the company is now more than Rs 48 billion. The NAC’s debt liability for the purchase of four aircraft in 2015 and the interest on the loans alone stand almost Rs 50 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC, which is under severe pressure due to lack of capital, debt burden and lack of aircraft, is making an attempt to proceed ahead with the purchase of new aircraft by taking concessional loan, but the lender have do not trust the national flag carrier of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC t present has taken loans from the Employees' Provident Fund and Citizens' Investment Fund. The NAC has to pay more than a billion rupees annually in interest to these lenders. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC officials, the state-owned airline company is seeking concessional loans to pay the current debts because the interest rates of EPF and CIT are quite high. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The report of the Structural and Managerial Study and Recommendation Committee of Nepal Airlines Corporation states that the accumulated total debt of the NAC in 2080 stands at Rs 48.3 billion. The corporation is paying interest at the rate of more than 10 percent of the total loan.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20220', 'image' => '20240317120621_naccccc.jpg', 'article_date' => '2024-03-17 12:05:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20493', 'article_category_id' => '266', 'title' => 'Coca-Cola Makes Guinness World Record for 'The Largest Momo Party' in Nepal', 'sub_title' => '', 'summary' => 'March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. Issuing a recent statement, the company said this marks an incredible feat as a celebration of rich food, culture and community spirit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“It’s undeniable, Nepal truly loves Coke and Momo,” the statement added. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The company claimed that Coca-Cola made history on Friday, March 15, by creating an unforgettable experience by setting a new Guinness World Record, with 'The Largest Momo Party' as part of the second edition of 'Kathmandu is Cooking' at the Hyatt Regency Ground in Bouddha, Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Coca-Cola said the company successfully hosted 500+ enthusiastic participants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“Each participant was treated to a delightful variety of two momos with a bottle of 250 ml coke,” reads the statement, adding, a dedicated food hygiene inspectors and two witnesses were present throughout the event to ensure the highest standards of food safety and hygiene.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The statement further said that this achievement underscores Coca-Cola's dedication to creating moments of joy and unity within the community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Chandrika Kalia, country director for Coca-Cola in Nepal, expressed her pride in the company's accomplishment, stating, "Nepalis truly love Coke and Momo and this fact has come alive through a Guinness World Record. This celebration of food is a testament to the vibrant spirit of Nepali culture. We are proud to create memorable experiences of celebration and joy in the Nepalese community."</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20219', 'image' => '20240317122251__MGL4578.jpg', 'article_date' => '2024-03-17 12:21:33', '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' => '20510', 'article_category_id' => '1', 'title' => 'NEPSE Records Modest Gain of 3.27 Points, Closing at 2073.53', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">March 18: The Nepal Stock Exchange (NEPSE) witnessed an increase of 3.27 points or 0.15% to close at 2073.53 on Monday, the second trading day of the week.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">During today’s active trading session, a total of 303 scrips were traded on NEPSE, accounting for 53,256 transactions. The market witnessed 7,459,424 shares changing hands, resulting in a total turnover of Rs 2.88 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL) emerged as the top performer in terms of turnover, with transactions worth Rs 23 crores.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Gurkhas Finance Limited (GUFL), Saptakoshi Development Bank (SAPDBL), People’s Power Company (PPL), and Dhaulagiri Laghubitta Bittiya Sanstha (DLBS), each experienced a 10% increase and hit the positive circuit.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">On the flip side, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) experienced the most significant decline, dropping by 5.15% and closing at Rs 902 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Nine sectors, including the Finance Index and Development Bank, closed in positive territory, while the remaining sectors ended in the red.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The Development Index saw the most significant growth, climbing by 1.30%, whereas the Manufacturing and Processing sector experienced the highest decline, dropping by 0.82%.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20237', 'image' => '20240318035715_collage (16).jpg', 'article_date' => '2024-03-18 15:55:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20509', 'article_category_id' => '1', 'title' => 'Govt Fails to Implement Labor Agreement with Japan', 'sub_title' => '', 'summary' => 'March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The labor agreement signed with Japan five years ago has become useless due to the government’s failure to implement it.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Government of Nepal had signed a 'cooperation agreement' with Japan on March 26, 2019 to provide employment to Nepalese workers in Japan through the initiative at the government level. However, Nepali workers have not been able to go to Japan under the agreement. Instead, the government has given manpower companies the right to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The two countries had signed the agreement to send Nepali workers to Japan to work in the field of agriculture, nursing, vehicle maintenance, food service industry, construction industry, food and beverage production, housing industry, machinery parts industry, fishing industry, industrial equipment industry, electric, electronics and information technology industry, building and cleaning business, ship and spare parts industry as well as the aviation industry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Although it was agreed that the Nepali workers selected under the agreement would get the same or higher wages as Japanese citizens, Japan showed reluctance to take workers from Nepal through the government initiative.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">After the agreement, the Japanese government initially seemed indifferent towards the need to start the language test and skill test as well as labor selection process. The Government of Nepal also did not take sufficient initiative. As a result, 'Specified Skilled Workers' have not been able to go to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">While inquiring about this issue, a senior official of the Ministry of Labor admitted that it was partly due to the weakness of Nepal, but the main reason was Japan's reluctance to hire the workers. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The problem is because of the frequent change of government and the ministers not prioritizing the issue," said the official requesting anonymity. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">As the agreement could not be implemented, the government recently gave the right to send Nepali workers to Japan to a manpower company. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Ministry of Labour, Employment and Social Security has issued a procedure on sending certain skilled workers to Japan. Along with this, a legal base has been created for manpower companies to send workers to Japan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure mentions that the manpower company that sends 'Specified Skilled Worker' to Japan should have its own training center according to the prevailing standards for language and skill development. In relation to the teaching of Japanese language in the language training center, the procedure has clarified that there should be at least two language instructors who have an official certificate of Japanese language training.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Nepali licensed organization should have an agreement with its own contact branch legally registered in Japan or a registered support organization for the purpose of collecting, verifying and facilitating Specified Skilled Workers’ (SSW) demand and providing necessary welfare services and activities for Nepalese workers. There is also a provision in the procedure that the licensed organizations should not charge any fee to the workers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The procedure also states that the employer will bear the costs of air fare, insurance, health examination, contribution to the welfare fund, contribution to the social security fund and labor permit incurred when sending the employee to Japan for employment. It is said that the service fee collected by the manpower company will be as prescribed by the ministry.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to Labor Ministry’s Spokesman Rajeev Pokharel, the division that deals with matters related to employment management of the ministry acts as a contact point according to the labor agreement. According to him, the contact point will coordinate with the Japanese side as needed to facilitate the implementation of this procedure.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20236', 'image' => '20240318024016_Flag-Pins-Nepal-Japan.jpg', 'article_date' => '2024-03-18 14:38:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20508', 'article_category_id' => '1', 'title' => 'Manakamana Cable Car Service to Remain Closed for a Day ', 'sub_title' => '', 'summary' => 'March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: Manakamana Cable Car service is to remain closed for regular maintenance. According to Manakamana Darshan Pvt Ltd, the cable car service will remain closed on March 20. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The service would come into operation from March 21, said Deputy General Manager of the Pvt Ltd, Ujjwal Sherchan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Manakamana Cable Car service was brought into operation from 2055 BS. One can reach the Manakamana Temple of Gorkha district from Kurintar of Chitwan district within 10 minutes by cable car. Manakamana cable car is the first cable car service of Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20235', 'image' => '20240318020527_20211223031728_manakamana-Cablecar.jpg', 'article_date' => '2024-03-18 14:04:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20507', 'article_category_id' => '1', 'title' => 'Flower Expo Sees Turnover of More than Rs 10 Million', 'sub_title' => '', 'summary' => 'March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: The 25th Flora Expo concluded on Sunday at Bhrikutimandap with a turnover of more than Rs 10 million. Floriculture Association Nepal, the organizer of the event, informed that the transactions of the aforementioned amount took place from the sale of different types of flowers and tickets sale during the four-day fair. According to the organizers, 49,000 people visited the flower expo.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The fair was inaugurated last Thursday with the slogan 'Flower business for clean environment and economic development'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Meen Bahadur Tamang, president of the association, said that the exhibition was organized to promote floral products at the national level, to expand the market, to distribute products and to establish direct relationships between flower traders and consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He said that the business from the fair was as expected. Sixty exhibition stalls, three landscaping stalls, eight official stalls, one competition exhibition stall and food stall were kept in the fair.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Tamang says that the business of floral products, which are mostly used in various festivals, was severely affected in the last few years due to the impacts of coronavirus pandemic, but it has been recovering since the fiscal year 2078/79. The annual turnover of flower business is more than Rs 3 billion in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With the increase in the demand for flowers, floriculture has been expanded in 43 districts of Nepal including Kathmandu, Lalitpur, Bhaktapur, Kaski, Chitwan, Makwanpur, Kavrepalanchok, Gulmi, Palpa, Dhading, and Morang among others.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Currently, 450 species of flowers are being produced commercially in Nepal. The flower business, which started in 2007 BS, is flourishing with the rapid urbanization in the country.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20234', 'image' => '20240318012057_433123559_823399686478697_344588762367715800_n.jpg', 'article_date' => '2024-03-18 13:20:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20505', 'article_category_id' => '1', 'title' => 'Karnali Bridge Opens for Traffic ', 'sub_title' => '', 'summary' => 'March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 18: The Karnali bridge, which was closed since a fire incident last week, has been opened for traffic on Monday. The bridge was opened for traffic after an assessment of the damage caused by the fire incident that originated from a truck loaded with gas lighters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bridge has been opened for traffic after an on-site assessment and in consultation with experts who said that travelling across the bridge was not a problem, said Engineer Niraj Shakya of the Road Division Office, Nepalgunj. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The wire ropes holding the signature bridge had caught fire in the incident that took place last Monday. The bridge was subsequently closed for traffic, before an expert team from the division came to inspect the extent of damage. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20232', 'image' => '20240318125011_DN-Lamki.jpg', 'article_date' => '2024-03-18 12:49:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20503', 'article_category_id' => '1', 'title' => 'Eighth Edition of Newbiz Business Conclave and Awards on Friday', 'sub_title' => '', 'summary' => 'March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 18: New Business Age Pvt Ltd is all set to organize the eighth edition of the Newbiz Business Conclave and Awards this Friday. Asian Paints is the title sponsor of the annual program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Apart from panel discussion, the event will see award distribution in various categories in recognition to the contributions made by the business sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The panel discussion will delve on the topic of 'Business Opportunities in Difficult Times'. The speakers during the panel discussion will be Amlan Mukherjee, Managing Director of Unilever Nepal Limited, Anand Bagaria, Managing Director of Nimbus Holding Pvt Ltd and Sewa Pathak, Chief Executive Officer of Vianet Communications. The panel discussion will be facilitated by Ranjit Acharya, Chief Executive Officer of Prisma Advertising.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Manab Majumdar, Senior Advisor to Federation of Indian Industry and Commerce (FICCI), will give a keynote speech during the program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Under the program, awards will be distributed in 11 different categories, including 10 institutional categories and one lifetime achievement award. According to the organizer, Lifetime Achievement Award will be given to a person who has contributed for a long time in the field of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Similarly, awards will be distributed under the categories of 'Best Managed Company of the Year', 'Premium Hotel of the Year', 'Best Hospital of the Year', 'Best Managed Commercial Bank of the Year', 'Best Managed Development Bank of the Year', 'Best Managed Finance Company of the Year', 'Best Life Insurance Company of the Year', and 'Best Non-Life Insurance Company of the Year'.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the organizers, a panel of independent jury comprising experts from various fields have selected the organizations and individuals who will receive the award. The selection was done after a rigorous and phase-wise evaluation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Other sponsors of the event are NIC Asia Bank, Tiago EV, Nabil Bank, National Life Insurance, Rastriya Banijya Bank, Asian Life Insurance, Nepal Insurance Authority, smartphone company MI, NLG Insurance, Prabhu Bank and Sonam Gear. The internet partner of the program is DishHome Fiber Net and the TV partner is Himalaya TV. Vogue Ad and Event Management is in charge of program management.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '20230', 'image' => '20240318113643_New Biz Awards 2_183405.jpeg', 'article_date' => '2024-03-18 11:34:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20502', 'article_category_id' => '1', 'title' => 'Finance Minister Pun Hints at Change in Tax Rates in New Budget ', 'sub_title' => '', 'summary' => 'March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Finance Minister Barshaman Pun has expressed his commitment for a comprehensive analysis of the necessity and relevance of tax rates for the upcoming fiscal year's budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">During a meeting with the journalists at the Ministry of Finance on Sunday, Minister Pun said that the government will clearly state the reasons if the tax rates are reviewed. The minister assured that no question will be raised on the intention behind the decision to change tax rates.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">"The government will maintain transparency while determining the tax rates," Minister Pun said. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">He viewed that public participation should be ensured in budget making and determining the tax system as well. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">On the occasion, the finance minister also emphasized the need for an objective analysis of the relevance of tax exemption given by the government to different sectors. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun also argued that a debate was needed whether or not multi-rate was needed on value added tax (VAT). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Likewise, he said the ministry has decided to supply some amount of money in the market to ensure a vibrant economy, adding that the entire market was sluggish due to the shrink in demand and consumption lately. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Minister Pun said that he was studying the ways to make consumption market and capital market more vibrant. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-18', 'modified' => '2024-03-18', 'keywords' => '', 'description' => '', 'sortorder' => '20229', 'image' => '20240318104546_20210226043111_20201119021010_20200907074520_1599400665.tax.jpg', 'article_date' => '2024-03-18 10:45:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20501', 'article_category_id' => '1', 'title' => 'Nepal Aushadhi Limited Launches Three Drugs ', 'sub_title' => '', 'summary' => ' The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Aushadhi Limited has started manufacturing additional three genres of drugs beginning from Sunday. Aushadhi Limited’s general manager, Kailash Kumar Paneru, said the production of Centrimine, Amzit and Amzit-DF tablets has commenced from today. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">According to the Company, 150,000 tablets of each medicine will be produced each day. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Prior to this, its productions include Jeevan Jal, Cetamol, Distilled water, Glycerin, folic acid and Hemodialysis fluid and powder.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Paneru said that the Company is in the position of manufacturing more drugs provided that the government supports for the same. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Limited established in 2029 BS as a government entity once used to manufacture 120 types of medicines. But over the course of time, it was closed in 2062 BS and revived in 2074 BS with the production of Cetamol. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">With the newly launched products, the numbers of products by the Limited has reached 11. (RSS) </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20228', 'image' => '20240317052054_collage (15).jpg', 'article_date' => '2024-03-17 17:19:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20500', 'article_category_id' => '1', 'title' => 'NEPSE Posts Loss of 10.62 Points to Close at 2070.25', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">March 17: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 10.62 points or 0.51%, closing at 2070.25 on the first trading day of the week on Sunday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">During today’s trading session, 304 scrips were traded on the NEPSE through 63,009 transactions. As many as 8,406,076 shares were traded resulting in a total turnover of Rs 3.38 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Shivam Cements Limited (SHIVM) led the transaction amount with a total turnover of Rs 41 crores. Saptakoshi Development Bank Limited (SAPDBL) saw the highest gain of 10%, closing at a market price of Rs 287.10 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt"> Conversely, Wean Laghubitta Bittiya Sanstha Limited (WNLB) incurred the highest loss at 7.83%, closing at a market price of Rs 1,066 per share.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">Regarding sector-indices, all sector indices closed in the red territory except the Development Bank Index, Finance Index, and Manufacturing and Processing Index. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:13.0pt">The Development Index saw the highest gain of 0.82%, while the Hotels and Tourism Index lost the most at 1.56%.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20227', 'image' => '20240317042328_collage (14).jpg', 'article_date' => '2024-03-17 16:22:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '20499', 'article_category_id' => '1', 'title' => 'Government Declares Pokhara as Tourism Capital of Nepal ', 'sub_title' => '', 'summary' => 'March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: Prime Minister Pushpa Kamal Dahal has declared Pokhara as the Tourism Capital of Nepal. He made this announcement amidst a function organised at Barahighat, near the Phewa Lake in Kaski on Sunday. Prior to this, the Prime Minister unveiled a logo and memorial pillar relating to the tourism capital. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the Pokhara Tourism Council (PTC) submitted a memorandum to Prime Minister Dahal , urging the government to start international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A delegation led by PTC Chairperson Pom Narayan Shrestha handed over the memorandum. PTC has drawn the attention of the government citing that the major roadways connecting Pokhara were in dire condition and the international flights from Pokhara International Airport have not been regular even after more than one year since the airport came into operation.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The council has called for starting international flights to and from Pokhara at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The memorandum states that the tourism entrepreneurs had to face crisis one after the other since some years. Stating that their investment is at risk due to the slump in the economy and declining employment opportunities, PTC, through the memorandum, called for providing motivation and time to the tourism entrepreneurs to pay back the loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The council also demanded restructuring of the Nepal Tourism Board (NTB) and ensuring the representation of Pokhara on the NTB Executive Board Member that is currently lying vacant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Council has urged the government to start international flights from Pokhara International Airport with the aircraft of Nepal Airlines itself in the initial phase and then to encourage other airlines by providing them with incentive packages. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PTC also mentioned in the memo that the prohibition on individual paragliding has demoralized the paragliding adventure sports players. It may be recalled here that the Civil Aviation Authority of Nepal (CAAN) had banned individual paragliding after a paragliding accident in course of the Ninth National Paragliding Competition last year. -- RSS </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20226', 'image' => '20240317024741_sarangkot.jpg', 'article_date' => '2024-03-17 14:47:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20498', 'article_category_id' => '1', 'title' => 'Festival of Holi Formally begins with the Installation of Chir at Basantapur ', 'sub_title' => '', 'summary' => 'March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 17: A traditional bamboo pole known as the ‘Chir’ was installed at Basantapur, marking the commencement of the festival of Holi or Fagu Purnima. The festival formally begins in the Kathmandu Valley and nationwide with the people from the Manandhar community installing the Chir, a bamboo pole decorated with a tuft of colorful pieces of cloth in three tiers at the top end a week before the full moon day in the month of Falgun. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a local Tirthalal Tandukar, the placing of the Chir marks the commencement of the festival of colours.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Following the completion of the Holi festival, people would collect the pieces of clothes from the Chir and keep it in their homes with a belief that it will bring good luck for them. The Chir will be dispersed in Tundikhel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This year, the festival falls on March 24 in the hill districts including the districts in the Kathmandu Valley and on March 25 in the Terai/Madhesh. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20225', 'image' => '20240317024656_Untitled.jpg', 'article_date' => '2024-03-17 14:46:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20495', 'article_category_id' => '1', 'title' => 'Budget Deficit Tops Over Rs 138 Billion', 'sub_title' => '', 'summary' => 'March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: The budget deficit of the government has exceeded Rs 138.84 billion in the current fiscal year. As of March 15, the government has spent a total of Rs 806.64 billion and collected Rs 667.80 billion rupees through revenue and grants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the records of the Financial Comptroller General's Office, which keeps the record of government’s income and expenditure, the government's expenditure has exceeded its income during this period of the current year. During the review period, revenue collection has reached 45.2 percent of the annual target and the budget expenditure is 45.35 percent of the target.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In Nepal, it has become a trend of announcing ambitious budget without ensuring resources. Due to this, there is a problem of budget deficit and lack of budget to implement the programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Although the government had announced a budget of Rs 1751.31 billion for the current fiscal year, the government has neither been able to spend the budget according to the target nor collect revenue.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Whenever the government announces a big budget and fails to meet the target, the government reduces the size of the budget through half-yearly review of the budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the then Finance Minister Dr. Prakash Sharan Mahat reduced the estimate of income and expenditure for this year following the half-yearly review.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Mahat reduced the size of the budget by Rs 200 billion. Following the review, the budget was downsized to Rs 1530.26 billion for the current year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, it seems that the government is unlikely to spend even the revised budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">So far, the government's current expenditure has reached 51.2 percent, capital expenditure 27.36 percent and the expenditure towards the financial management has reached 45.33 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government has allocated a budget of Rs 1141.78 billion under the heading of current expenditure which covers the government’s expenses on salaries and allowances of employees, administrative expenses and subsidies going to the local level. So far, the government has spent Rs 584.61 billion under this heading.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, capital expenditure has also been minimal. So far, the government has not been able to spend even Rs 100 billion of the capital budget.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, the government has allocated Rs 302.7 billion rupees under the capital heading, but has spent only Rs 82.65 billion. Likewise, Rs 307.45 billion have been allocated for the financial management, under which it has spent Rs 139.37 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the data of the Financial Comptroller General Office, the expenditure towards financial management was more than the capital expenditure by Rs 56.71 billion in the past month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The government’s target has been affected by the recession in the economy. Government officials are saying that the economy has started to improve lately.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20222', 'image' => '20240317022141_budgetttttt.jpg', 'article_date' => '2024-03-17 14:20:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20494', 'article_category_id' => '1', 'title' => 'Surging Nervous System Disorders now Top Cause of Illness: Study', 'sub_title' => '', 'summary' => 'March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 17: Conditions affecting the nervous system -- such as strokes, migraines and dementia -- have surged past heart disease to become the leading cause of ill health worldwide, AFP reported citing a major new analysis on Friday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the report, more than 3.4 billion people -- 43 percent of the global population -- experienced a neurological condition in 2021, far more than had previously been thought, the analysis found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The study was carried out by hundreds of researchers led by the US-based Institute for Health Metrics and Evaluation (IHME), which has become a global reference for health statistics. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, lead study author Jaimie Steinmetz of the IHME said the results showed that nervous system conditions are now "the world's leading cause of overall disease burden".</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cases of these conditions have soared by 59 percent in the last three decades, she said, with the increase mainly driven by the fact that the world's population was ageing and growing fast.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The report states that the researchers looked at how 37 different neurological conditions affected ill health, disability and premature death across 204 countries and territories from 1990 to 2021.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This data was used to estimate how many years of healthy life were lost to each condition, called disability-adjusted life years (DALYs), AFP added citing the study.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 443 million years of healthy life were lost to nervous system disorders globally in 2021, an 18-percent increase from 1990, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However, if the population's age and growing size was adjusted for, DALYs and deaths from these conditions actually fell by around a third, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stroke, which was previously counted as a heart disease, was by far the worst neurological condition analysed, accounting for 160 million years of healthy life lost. It was followed by a form of brain damage called neonatal encephalopathy, migraine, dementia including Alzheimer's disease, nerve damage from diabetes, meningitis and epilepsy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Cognitive impairment from Covid-19 ranked 20th.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The main reason that nervous system conditions surpassed cardiovascular disease in the latest analysis was a recent World Health Organization classification change that moved stroke into the neurological category, Steinmetz told AFP.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"Because deaths occur at a young age, this creates a large contribution to years of life lost," she added.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Children accounted for nearly a fifth of all healthy years lost, the study found.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">More than 11 million people died from the 37 neurological conditions in 2021, according to the study in The Lancet Neurology journal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">However cardiovascular disease remained the leading cause of death, killing 19.8 million people worldwide in 2022, the IHME said last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The most common neurological disorders were tension headaches and migraines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The quickest-growing condition was nerve damage called diabetic neuropathy from soaring cases of diabetes. Most of these conditions have no cure.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">But there are ways to lessen the risk, including reducing rates of high blood pressure, diabetes and alcohol consumption, the researchers said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They called for much more to be done to prevent, treat and rehabilitate the disorders, which disproportionately affect poorer countries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"The worldwide neurological burden is growing very fast and will put even more pressure on health systems in the coming decades," warned study co-author Valery Feigin. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20221', 'image' => '20240317014357_health sector.jpg', 'article_date' => '2024-03-17 13:42:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20492', 'article_category_id' => '1', 'title' => 'No Party Interested to Provide Loans to NAC', 'sub_title' => '', 'summary' => 'March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">March 17: Nepal Airlines Corporation (NAC) had called on interested lenders on January 23 to submit proposals for providing the debt-ridden airlines company with a loan of Rs 135 billion. After no party submitted a proposal within the specified period, the NAC issued Expression of Interest (EOI) again.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC issued the EOI again on last Wednesday after no partner, government or company proposed to give a loan within the specified period. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC plans to pay the outstanding debt and buy new aircraft with the new loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC, the new loan will mostly be utilized to buy new aircraft. The NAC requires an estimated loan of Rs 75 billion to buy new aircraft, Rs 55 billion to pay off the existing debt and Rs 5 billion to build the hangar.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to NAC Spokesperson Ramesh Paudel, the debt of the company is now more than Rs 48 billion. The NAC’s debt liability for the purchase of four aircraft in 2015 and the interest on the loans alone stand almost Rs 50 billion.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC, which is under severe pressure due to lack of capital, debt burden and lack of aircraft, is making an attempt to proceed ahead with the purchase of new aircraft by taking concessional loan, but the lender have do not trust the national flag carrier of Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The NAC t present has taken loans from the Employees' Provident Fund and Citizens' Investment Fund. The NAC has to pay more than a billion rupees annually in interest to these lenders. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the NAC officials, the state-owned airline company is seeking concessional loans to pay the current debts because the interest rates of EPF and CIT are quite high. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The report of the Structural and Managerial Study and Recommendation Committee of Nepal Airlines Corporation states that the accumulated total debt of the NAC in 2080 stands at Rs 48.3 billion. The corporation is paying interest at the rate of more than 10 percent of the total loan.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20220', 'image' => '20240317120621_naccccc.jpg', 'article_date' => '2024-03-17 12:05:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20493', 'article_category_id' => '266', 'title' => 'Coca-Cola Makes Guinness World Record for 'The Largest Momo Party' in Nepal', 'sub_title' => '', 'summary' => 'March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">March 17: Coca-Cola, an international soft-drinks company, has claimed a historic achievement of setting a Guinness World Record for 'The Largest Momo Party' in Nepal. Issuing a recent statement, the company said this marks an incredible feat as a celebration of rich food, culture and community spirit. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“It’s undeniable, Nepal truly loves Coke and Momo,” the statement added. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The company claimed that Coca-Cola made history on Friday, March 15, by creating an unforgettable experience by setting a new Guinness World Record, with 'The Largest Momo Party' as part of the second edition of 'Kathmandu is Cooking' at the Hyatt Regency Ground in Bouddha, Kathmandu.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Coca-Cola said the company successfully hosted 500+ enthusiastic participants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">“Each participant was treated to a delightful variety of two momos with a bottle of 250 ml coke,” reads the statement, adding, a dedicated food hygiene inspectors and two witnesses were present throughout the event to ensure the highest standards of food safety and hygiene.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">The statement further said that this achievement underscores Coca-Cola's dedication to creating moments of joy and unity within the community.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial Narrow","sans-serif"">Chandrika Kalia, country director for Coca-Cola in Nepal, expressed her pride in the company's accomplishment, stating, "Nepalis truly love Coke and Momo and this fact has come alive through a Guinness World Record. This celebration of food is a testament to the vibrant spirit of Nepali culture. We are proud to create memorable experiences of celebration and joy in the Nepalese community."</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-17', 'modified' => '2024-03-17', 'keywords' => '', 'description' => '', 'sortorder' => '20219', 'image' => '20240317122251__MGL4578.jpg', 'article_date' => '2024-03-17 12:21:33', '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
