$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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20170402121723_ib.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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20170402121723_ib.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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20170402121723_ib.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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20170402121723_ib.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2017-04-02 00:00:00'
$dateFromDatabase = (int) 1491070500
$newDate = 'Apr 02, 2017'
$articleView = array(
'article_id' => '5613',
'hit' => '1616'
)
$word_count = (int) 348
$time_to_read = (float) 1.74
$time_to_read_min = (float) 1
$time_to_read_second = (float) 44
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
April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.
As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”
IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.
Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.
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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'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' => '5613',
'article_category_id' => '1',
'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
'sub_title' => '',
'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>
<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. “The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years. Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,” said Chiranjibi Chapagain, Chairman of IB. “The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.”</p>
<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. “Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,” said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>
<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>
<p style="text-align: justify;"> </p>
',
'published' => true,
'created' => '2017-04-02',
'modified' => '2017-04-02',
'keywords' => '',
'description' => '',
'sortorder' => '5398',
'image' => '20170402121723_ib.jpg',
'article_date' => '2017-04-02 00:00:00',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '16'
),
'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' => '16',
'user_detail_id' => '0',
'group_id' => '1',
'username' => 'anmaharjan@newbusinessage.com',
'name' => '',
'email' => 'anmaharjan@newbusinessage.com',
'address' => '',
'gender' => '',
'access' => '1',
'phone' => '',
'access_type' => '0',
'activated' => false,
'sortorder' => '0',
'published' => '0',
'created' => '2016-04-04 17:02:17',
'last_login' => '2018-09-17 11:47:56',
'ip' => '202.63.242.112'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '5613',
'hit' => '1616'
)
),
'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
