$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20221012105504_20220926050939_Banks - Copy.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
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): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20221012105504_20220926050939_Banks - Copy.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
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): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20221012105504_20220926050939_Banks - Copy.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
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
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20221012105504_20220926050939_Banks - Copy.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2022-10-12 10:54:27'
$dateFromDatabase = (int) 1665551367
$newDate = 'Oct 12, 2022'
$articleView = array(
'article_id' => '16133',
'hit' => '653'
)
$word_count = (int) 372
$time_to_read = (float) 1.86
$time_to_read_min = (float) 1
$time_to_read_second = (float) 52
include - APP/View/Articles/view.ctp, line 241
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
October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.
While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily.
The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.
The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.
It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
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
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
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/view.ctp, line 391
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]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_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/view.ctp, line 391
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
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
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/view.ctp, line 391
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]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '16133',
'article_category_id' => '1',
'title' => 'Study Committee says Government Can’t Intervene in Matters Related to Interest Rates',
'sub_title' => '',
'summary' => 'October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.',
'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">October 12: A committee formed by the Finance Ministry in late September to study the spiraling interest rates of banks and financial institutions has suggested the government to keep its hands off the matters looked after by the central bank.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">While submitting its report to Finance Minister Janardan Sharma, the ten-member committee headed by Joint Secretary Baburam Subedi, who is also the chief of the Economic Policy Analysis Division of the ministry, said that the interest rate is determined by the market and that the government should not intervene unnecessarily. </span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The study conducted by the committee concluded that Nepal Rastra Bank is responsible to fix the interest rates and government should not issue instructions in this matter because it would undermine the central bank’s autonomy.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">The committee had one representative each from the Office of the Prime Minister and Council of Ministers, Nepal Rastra Bank, National Planning Commission and the Ministry of Industry, Supplies and Commerce the Federation of Nepalese Chamber of Commerce and Industry, the Confederation of Nepalese Industries and Nepal Chamber of Commerce while the banking sector was represented by two members of Nepal Bankers Association.</span></span></span></p>
<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Calibri","sans-serif"">It may be noted that banks have increased the interest rates effective from September 17 almost five months after maintaining a stable interest rate. Such an initiative was taken upon the instruction of the central bank.</span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2022-10-12',
'modified' => '2022-10-12',
'keywords' => '',
'description' => '',
'sortorder' => '15874',
'image' => '20221012105504_20220926050939_Banks - Copy.jpg',
'article_date' => '2022-10-12 10:54:27',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '16133',
'hit' => '653'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_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/view.ctp, line 391
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
