July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July…
July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July…
July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate…
July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations.…
July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate.…
July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73.…
July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and…
July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” says Dr Chiranjibi Nepal, Governor of Nepal Rastra…
July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the…
July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two…
June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international…
June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced the start of the program amid a program held on June…
June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the…
June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the…
June 30: Dish Home has opened its 14th service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin…
June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3891', 'article_category_id' => '1', 'title' => ' Thompson Nepal Bags 2nd NewBiz Cover Design Award', 'sub_title' => '', 'summary' => 'July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1.', 'content' => '<p>July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1. The winners were selected from the cover designs of last 15 issues of New Business Age magazine dating from April 2015 to June 2016.</p> <p>Similarly, AD Factor and Project A Studios were awarded with the second and third best awards respectively. Prizes and certificate of appreciation were handed over to the winners. The judging panel under the chairmanship of Dr Bhoj Raj Aryal including Avaya Pandey and Manoj Raut as members selected the best cover designs of the magazine. </p> <p>The program was started with the welcome speech of Madan Lamsal, Chairman of New Business Age. Welcoming the participants and guests, Lamsal said that the event was organized to encourage the creativity in Nepali advertisements. “The joint effort of entrepreneurs, advertisement agencies and media can increase the creativity in this sector and make the advertisements effective,” he mentioned.</p> <p>The event was comprised of a discussion on ‘Creativity in Nepali Advertisement’ hosted by NBA Chairman Lamsal which was followed by the award ceremony. The discussion also included a Q&A session where guests answered the queries of the audience regarding the ways of increasing the level of creativity in advertisements and various issues faced by the Nepali advertisement industry.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3724', 'image' => '20160703115847_thomson nepal.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3890', 'article_category_id' => '1', 'title' => 'Eisen Vault Provides Services in Nepal', 'sub_title' => '', 'summary' => 'July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.', 'content' => '<p>July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.</p> <p>Mars Pvt Ltd provides services like digital document management, Infrastructure record management and record management counseling along with all EDMS services. </p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3723', 'image' => '20160703112407_eilsen.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3889', 'article_category_id' => '1', 'title' => 'BOK Starts Eight New Branchless Banking', 'sub_title' => '', 'summary' => 'July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. ', 'content' => '<p>July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. The service has been started in Pratappur 2 in Kailali, Bangesal-7 and Dhungegadi-3 in Pyuthan, Sishaniya-5 in Dang, Patabhar-9 and Manau-5 in Bardiya, Tilakpur-6 in Nawalparasi and Siktan-6 in Rupandehi.</p> <p> “The bank plans to further introduce additional branchless banking services in future,” informs the bank in a press statement. According to the bank, UK Aid Sakchyam Access to Finance Program is supporting BOK in the establishment of twenty-four branchless banking touch points, as a part of its larger branchless banking initiative. “The bank has started the service with an aim to provide efficient and effective services to population without banking access and lower income group,” reads the statement. With these openings, the number of branchless banking service has reached 33 across the country.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3722', 'image' => '20160703110848_bok.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3888', 'article_category_id' => '1', 'title' => 'Gurkhas Finance Relocates Putalisadak Branch', 'sub_title' => '', 'summary' => 'July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. ', 'content' => '<p>July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. The branch was inaugurated by the bank’s Chairman Mahendra Lal Rai. Speaking at the program, Rai informed that the bank will relocate Dudhapati branch to Suryabinayak and Dhulabari branch of Jhapa to Birtamod of the same district within this month. Gurkha Development Bank and Kathmandu Finance merged to form Gurkhas Finance. After the merger, the bank has Rs 578.6 million in paid-up capital, Rs 2.25 billion in deposits and Rs 2.39 billion in loans.</p> <p>The finance has main branch in Charkhal, Kathmandu and other nine branches across the country. With its central office in Dillibazar, the finance is planning to open three branches in across the country including the Kathmandu valley soon. The Finance has also started the ATM service and mobile banking. “Gurkhas Finance will also provide the internet banking in the coming days,” said the company in a press statement.</p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3721', 'image' => '20160701015649_gorkhas fiinance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3887', 'article_category_id' => '1', 'title' => 'Nepal Re-insurance Concludes AGM', 'sub_title' => '', 'summary' => 'July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. ', 'content' => '<p>July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. Speaking on the program, Mahesh Kumar Guragain, President of the company said that the company is attempting to increase its capacity as per the expectations of the government in support of all stakeholders. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3720', 'image' => '20160701122328_re-insurance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3886', 'article_category_id' => '1', 'title' => 'Dr. Fixit's Awareness Campaign', 'sub_title' => '', 'summary' => 'July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.'', 'content' => '<p>July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.' According to the company, it has included contractors, sellers, consumers, painter and civil engineers to raise awareness regarding the importance of waterproofing in long term infrastructures. The company informed that it has been conducting the campaign in collaboration with Nepal Engineers Association and Department of Urban Development and Building Construction. The company has opened call center for the convenience of its customers. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3719', 'image' => '20160701121806_dr fixit.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3885', 'article_category_id' => '1', 'title' => 'Major Challenge is control of inflation: Governor Nepal', 'sub_title' => '', 'summary' => 'July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” says Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.', 'content' => '<p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” said Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.</span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">He expressed NRB’s seriousness in the growth of inflation rate to 10 percent in 10 months of the current FY along with decrease in arrival of remittance. In a program organised to discuss about upcoming monetary policy, he advised speakers to recommend suggestions considering the country’s interest in the present serious situation.</span></p> <p><strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Divergence between banks and businessmen regarding consortium loan:</span></strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt"> Bankers and businessmen have diverged on NRB directive of converting multi-banking loans of certain amount to consortium loans within the end of current FY. Earlier, NRB has mandatorily directed the banks to convert multi-banking loans of Rs 500 million and above to consortium loans within the end of current FY. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">“The amount of Rs 500 million is too low for current circumstances, it should be raised,” said Hari Bhakta Sharma, Chairman of CNI. He added that if the limit is not raised then more problems will arise in productive sector’s loans. Shanker Prasad Pandey, Chairman of FNCCI-banks, finance and insurance committee, also shared the same views. They have been proclaiming that NRB directive will increase their cost by 2 percent. According to them, the banks will charge the highest interest rate on such consortium loan resulting increase in cost of production, earlier where, the banks used to charge different different interest rate. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Meanwhile, the banks argue that the limit should be decreased. “I would say that the limit should further decrease. Businessmen demand Rs 500 million loans for Rs 250 million requirement which invites multiplier risk in the banking sector,” said Sashin Joshi, former Chairman of Nepal Banker Association. He argues that one bank should manage such loans taking leadership. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">NRB is initiating various policies to control multi-banking loans after disclosure of the banking practice where big commercial houses have taken loan of Rs 1-3 billion under multi-banking loans. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">In the mean time, businessmen have warned of degrading commercial environment because of the mechanism of submitting the same financial report to the banks to get the loan and to the government to pay tax. According to Kamlesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce, financial report submitted to tax department and the banks do not fit in together as the financial report submitted to bank for getting loans also includes projection of future progress. However the government formulated the new policy to control the practice of businessmen of submitting financial reports showcasing losses while paying tax whereas they submit financial reports showing profits to get the loans. </span></p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3718', 'image' => '20160701121038_chiran.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3884', 'article_category_id' => '1', 'title' => 'Locker Service of Sunrise Bank in Birtamod', 'sub_title' => '', 'summary' => 'July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.', 'content' => '<p>July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3717', 'image' => '20160701110457_sunrise.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3883', 'article_category_id' => '1', 'title' => 'Everest Bank installs free drinking water facility at Ratna Rajya School', 'sub_title' => '', 'summary' => 'July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.', 'content' => '<p style="text-align:justify">July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.</p> <p style="text-align:justify">Issuing a press statement, the bank said that it has always been conscious of its social responsibilities and as a part of its CSR activities, has been supporting needy segment of the society in the sector of health, education & infrastructure.</p> <p style="text-align:justify"><br /> “The Bank was conferred as “Best Managed Commercial Bank” by Asian Paint New Biz in 2013 as well as the “Highest Tax Payer among Commercial Banks” for FY 2068/69,” reads the statement. Presently the Bank is rendering professionalized & efficient banking services through its widest domestic network of 61 branches, 5 Extension Counters, 24 Revenue Collection Counters, 85 ATMs and many correspondents across the globe.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3716', 'image' => '20160701101603_Logo-Everest bank.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3882', 'article_category_id' => '1', 'title' => 'Global IME Finances Fifth Edition of PJ Club Photo Contest ', 'sub_title' => '', 'summary' => 'June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.', 'content' => '<p>June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.</p> <p>Issuing a press release, the organiser says “The fifth edition of the IME Global IME Bank Nepal Photo Contest 2073 in association with Model Global visa consultancy will be the biggest event of its kind for both professional and amateur photographers. And we believe it will be an even bigger success than the past four editions and reach new heights.” The total prize purse has been increased this year to NRs. 520 thousand across seven categories.</p> <p>“The main sponsors of the Nepal Photo Contest are IME and Global IME Bank. The event is promoted by Nepal Tourism Board and supported by Model Global Visa Consultancy. The seven categories for competition this year are Ghumphir Culture and Tourism, Nepal Telecomm Wildlife and Nature, IMS Daily Life, Arghakhachi Cements News Photo, Shikhar Insurance Nepal Smiles, Model Global Visa Consultancy Sports and Photo Story,” reads the press release.</p> <p>According to the organizers, there will be three winners in each category and the best photo will be announced the IME Global IME Bank Photo of Year. The Photo of the Year winner will pocket Rs. 100,000. In each category, the winner receives Rs. 30,000 while the first and second runners-up receive Rs. 20,000 and Rs. 10,000 respectively.</p> <p>Similarly, the participants can submit their photographs and also learn about the rules of the competition on the club's website, http://www.pjclub.com.np. It has been informed that photos for the competition should be submitted by 12 midnight on Ashadh 31, 2073. Only photographs taken in Nepal and by Nepali citizens can be submitted. The best 150 photographs from the competition will be exhibited for five days in Kathmandu and will also be exhibited in four major cities of Nepal – Biratnagar, Pokhara, Nepalgunj and Dhangadhi.</p> <p><img alt="" src="/userfiles/images/nepal%20photo%20contest%20announcemnet%2001%20%282%29.jpg" style="height:452px; width:680px" /></p> <p> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3715', 'image' => '20160630044548_global bank.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3881', 'article_category_id' => '1', 'title' => 'SKBBL Restoration Credit for Small Farmers ', 'sub_title' => '', 'summary' => 'June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced the start of the program amid a program held on June 29.', 'content' => '<p>June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced about the beginning of the program amid a program held on June 29. Khem Bahadur Pathak, Chairman of the bank inaugurated the program by providing Rs 190.1 million to the representatives of 20 Small Farmer Agricultural Cooperative of rural areas. The money was provided by Asian Development Bank (ADB) as aid to the government of Nepal.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3714', 'image' => '20160630035128_sana.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3880', 'article_category_id' => '1', 'title' => 'Speakers Urged Private Sectors to Invest in Big Industries', 'sub_title' => 'Pyuthan Chamber of Commerce and Industries in 26th Year', 'summary' => 'June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.', 'content' => '<p style="text-align: justify;">June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.</p> <p style="text-align: justify;">Speaking at the 26<sup>th</sup> anniversary program organised on Wednesday Krishna Shrestha, Central Member of FNCCI and Chaiman of Arghakhachi Chamber of Commerce and Industries urged to create employments by establishing the big industries. “This year's budget has addressed for the benefit of entrepreneurs," he said, adding, "The threshold has reached to 50 million."</p> <p style="text-align: justify;">According to him, the FNCCI has started the special initiation to make the Tax payment and Pan receiving process easier. Beside this, he also noted that the initiation to receive ‘E-Pan’ from every corner of Hilly Region is also in the process. Speaking at the program Jyamuram Neupane, President of Pyuthan CCI urged the FNCCI to remove the unauthorized tax collected by the contractors working in Dang district since decades. "We are trying to remove the illegal tax," he said, adding, "We are soon planning to reach local development plan to the Ministry and grab their attention towards this."</p> <p style="text-align: justify;">Stating that there is a good chance of electricity production in the district, Neupane said that it will motivate entrepreneurs to invest in big industries. “The district has only developed as a center of selling goods produced outside the district,” he said, adding, “The association in coming days will take an initiation to promote the district as industrialism." According to Jhavendra Sharma, Executive Director of the association, recently there are 2600 associated entrepreneurs along with 10 market areas.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3713', 'image' => '20160630025505_fncc.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3879', 'article_category_id' => '1', 'title' => 'New HBL ATM Booth at Swoyambhu', 'sub_title' => '', 'summary' => 'June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.', 'content' => '<p style="text-align:justify">June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.</p> <p style="text-align:justify">“Any cardholder carrying Visa, MasterCard, American Express, JCB, UnionPay or SCT credit or debit card can avail cash withdrawal facility from the ATM throughout the day,” informs the bank in a press statement. After the installation of ATM, local people of the area, corporate houses, walk in people both local and foreigners will be able to use the ATM facility, the bank informs. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ATM%20Swoyambhu.jpg" style="height:1105px; width:700px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3712', 'image' => '20160630024205_ATM New.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3878', 'article_category_id' => '1', 'title' => 'Dish Home Service Center in Baglung', 'sub_title' => '', 'summary' => 'June 30: Dish Home has opened its 14th service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.', 'content' => '<p style="text-align: justify;">June 30: Dish Home has opened its 14<sup>th</sup> service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.</p> <p style="text-align: justify;">The company has already opened its service centers in Kathmandu, Chitwan, Pokhara, Birtamod, Biratnagar, Nepalgung before this. Similarly, it has also opened service centers in Dhangadi, Butwal, Dang, Lahan, Janakpur, Charikot and Mahendranagar. According to the company, the service centre aims to provide quick and convenient service to its customers. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3711', 'image' => '20160630011014_dishhome.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3877', 'article_category_id' => '1', 'title' => 'Nepal Life Resumes Share Trading', 'sub_title' => '', 'summary' => 'June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).', 'content' => '<p style="text-align: justify;">June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).</p> <p style="text-align: justify;">“The company is making the work process to bring uniformity in the issuance of new shares. However, the share transaction has been resumed as the work process requires more time,” says SEBON in a press statement. The regulator has confirmed that it has received prospectus about the share issuance from the company. If the board is not satisfied with premium rate in the prospectus, the company will have to justify the rates of the shares. Earlier, the company announced to sell 3.09 million units of shares at Rs 2,951 per unit through NEPSE on the last week of Jestha.</p> <p style="text-align: justify;">SEBON asked NEPSE to stop the share trading of NLIC stating that company had maintained the highest premium rate till date in order to manipulate prices in the secondary market and fixed the rate without any basis. SEBON has maintained that the action was necessary as the company announced the information without presenting prospectus in the board and ignoring the sensitivity of share prices.</p> <p style="text-align: justify;">The board has also directed NEPSE to announce FPO as per the Securities Act, Securities Registration and Issuance Regulation.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3710', 'image' => '20160630010415_nlic.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3891', 'article_category_id' => '1', 'title' => ' Thompson Nepal Bags 2nd NewBiz Cover Design Award', 'sub_title' => '', 'summary' => 'July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1.', 'content' => '<p>July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1. The winners were selected from the cover designs of last 15 issues of New Business Age magazine dating from April 2015 to June 2016.</p> <p>Similarly, AD Factor and Project A Studios were awarded with the second and third best awards respectively. Prizes and certificate of appreciation were handed over to the winners. The judging panel under the chairmanship of Dr Bhoj Raj Aryal including Avaya Pandey and Manoj Raut as members selected the best cover designs of the magazine. </p> <p>The program was started with the welcome speech of Madan Lamsal, Chairman of New Business Age. Welcoming the participants and guests, Lamsal said that the event was organized to encourage the creativity in Nepali advertisements. “The joint effort of entrepreneurs, advertisement agencies and media can increase the creativity in this sector and make the advertisements effective,” he mentioned.</p> <p>The event was comprised of a discussion on ‘Creativity in Nepali Advertisement’ hosted by NBA Chairman Lamsal which was followed by the award ceremony. The discussion also included a Q&A session where guests answered the queries of the audience regarding the ways of increasing the level of creativity in advertisements and various issues faced by the Nepali advertisement industry.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3724', 'image' => '20160703115847_thomson nepal.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3890', 'article_category_id' => '1', 'title' => 'Eisen Vault Provides Services in Nepal', 'sub_title' => '', 'summary' => 'July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.', 'content' => '<p>July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.</p> <p>Mars Pvt Ltd provides services like digital document management, Infrastructure record management and record management counseling along with all EDMS services. </p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3723', 'image' => '20160703112407_eilsen.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3889', 'article_category_id' => '1', 'title' => 'BOK Starts Eight New Branchless Banking', 'sub_title' => '', 'summary' => 'July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. ', 'content' => '<p>July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. The service has been started in Pratappur 2 in Kailali, Bangesal-7 and Dhungegadi-3 in Pyuthan, Sishaniya-5 in Dang, Patabhar-9 and Manau-5 in Bardiya, Tilakpur-6 in Nawalparasi and Siktan-6 in Rupandehi.</p> <p> “The bank plans to further introduce additional branchless banking services in future,” informs the bank in a press statement. According to the bank, UK Aid Sakchyam Access to Finance Program is supporting BOK in the establishment of twenty-four branchless banking touch points, as a part of its larger branchless banking initiative. “The bank has started the service with an aim to provide efficient and effective services to population without banking access and lower income group,” reads the statement. With these openings, the number of branchless banking service has reached 33 across the country.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3722', 'image' => '20160703110848_bok.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3888', 'article_category_id' => '1', 'title' => 'Gurkhas Finance Relocates Putalisadak Branch', 'sub_title' => '', 'summary' => 'July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. ', 'content' => '<p>July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. The branch was inaugurated by the bank’s Chairman Mahendra Lal Rai. Speaking at the program, Rai informed that the bank will relocate Dudhapati branch to Suryabinayak and Dhulabari branch of Jhapa to Birtamod of the same district within this month. Gurkha Development Bank and Kathmandu Finance merged to form Gurkhas Finance. After the merger, the bank has Rs 578.6 million in paid-up capital, Rs 2.25 billion in deposits and Rs 2.39 billion in loans.</p> <p>The finance has main branch in Charkhal, Kathmandu and other nine branches across the country. With its central office in Dillibazar, the finance is planning to open three branches in across the country including the Kathmandu valley soon. The Finance has also started the ATM service and mobile banking. “Gurkhas Finance will also provide the internet banking in the coming days,” said the company in a press statement.</p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3721', 'image' => '20160701015649_gorkhas fiinance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3887', 'article_category_id' => '1', 'title' => 'Nepal Re-insurance Concludes AGM', 'sub_title' => '', 'summary' => 'July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. ', 'content' => '<p>July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. Speaking on the program, Mahesh Kumar Guragain, President of the company said that the company is attempting to increase its capacity as per the expectations of the government in support of all stakeholders. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3720', 'image' => '20160701122328_re-insurance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3886', 'article_category_id' => '1', 'title' => 'Dr. Fixit's Awareness Campaign', 'sub_title' => '', 'summary' => 'July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.'', 'content' => '<p>July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.' According to the company, it has included contractors, sellers, consumers, painter and civil engineers to raise awareness regarding the importance of waterproofing in long term infrastructures. The company informed that it has been conducting the campaign in collaboration with Nepal Engineers Association and Department of Urban Development and Building Construction. The company has opened call center for the convenience of its customers. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3719', 'image' => '20160701121806_dr fixit.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3885', 'article_category_id' => '1', 'title' => 'Major Challenge is control of inflation: Governor Nepal', 'sub_title' => '', 'summary' => 'July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” says Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.', 'content' => '<p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” said Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.</span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">He expressed NRB’s seriousness in the growth of inflation rate to 10 percent in 10 months of the current FY along with decrease in arrival of remittance. In a program organised to discuss about upcoming monetary policy, he advised speakers to recommend suggestions considering the country’s interest in the present serious situation.</span></p> <p><strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Divergence between banks and businessmen regarding consortium loan:</span></strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt"> Bankers and businessmen have diverged on NRB directive of converting multi-banking loans of certain amount to consortium loans within the end of current FY. Earlier, NRB has mandatorily directed the banks to convert multi-banking loans of Rs 500 million and above to consortium loans within the end of current FY. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">“The amount of Rs 500 million is too low for current circumstances, it should be raised,” said Hari Bhakta Sharma, Chairman of CNI. He added that if the limit is not raised then more problems will arise in productive sector’s loans. Shanker Prasad Pandey, Chairman of FNCCI-banks, finance and insurance committee, also shared the same views. They have been proclaiming that NRB directive will increase their cost by 2 percent. According to them, the banks will charge the highest interest rate on such consortium loan resulting increase in cost of production, earlier where, the banks used to charge different different interest rate. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Meanwhile, the banks argue that the limit should be decreased. “I would say that the limit should further decrease. Businessmen demand Rs 500 million loans for Rs 250 million requirement which invites multiplier risk in the banking sector,” said Sashin Joshi, former Chairman of Nepal Banker Association. He argues that one bank should manage such loans taking leadership. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">NRB is initiating various policies to control multi-banking loans after disclosure of the banking practice where big commercial houses have taken loan of Rs 1-3 billion under multi-banking loans. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">In the mean time, businessmen have warned of degrading commercial environment because of the mechanism of submitting the same financial report to the banks to get the loan and to the government to pay tax. According to Kamlesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce, financial report submitted to tax department and the banks do not fit in together as the financial report submitted to bank for getting loans also includes projection of future progress. However the government formulated the new policy to control the practice of businessmen of submitting financial reports showcasing losses while paying tax whereas they submit financial reports showing profits to get the loans. </span></p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3718', 'image' => '20160701121038_chiran.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3884', 'article_category_id' => '1', 'title' => 'Locker Service of Sunrise Bank in Birtamod', 'sub_title' => '', 'summary' => 'July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.', 'content' => '<p>July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3717', 'image' => '20160701110457_sunrise.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3883', 'article_category_id' => '1', 'title' => 'Everest Bank installs free drinking water facility at Ratna Rajya School', 'sub_title' => '', 'summary' => 'July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.', 'content' => '<p style="text-align:justify">July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.</p> <p style="text-align:justify">Issuing a press statement, the bank said that it has always been conscious of its social responsibilities and as a part of its CSR activities, has been supporting needy segment of the society in the sector of health, education & infrastructure.</p> <p style="text-align:justify"><br /> “The Bank was conferred as “Best Managed Commercial Bank” by Asian Paint New Biz in 2013 as well as the “Highest Tax Payer among Commercial Banks” for FY 2068/69,” reads the statement. Presently the Bank is rendering professionalized & efficient banking services through its widest domestic network of 61 branches, 5 Extension Counters, 24 Revenue Collection Counters, 85 ATMs and many correspondents across the globe.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3716', 'image' => '20160701101603_Logo-Everest bank.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3882', 'article_category_id' => '1', 'title' => 'Global IME Finances Fifth Edition of PJ Club Photo Contest ', 'sub_title' => '', 'summary' => 'June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.', 'content' => '<p>June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.</p> <p>Issuing a press release, the organiser says “The fifth edition of the IME Global IME Bank Nepal Photo Contest 2073 in association with Model Global visa consultancy will be the biggest event of its kind for both professional and amateur photographers. And we believe it will be an even bigger success than the past four editions and reach new heights.” The total prize purse has been increased this year to NRs. 520 thousand across seven categories.</p> <p>“The main sponsors of the Nepal Photo Contest are IME and Global IME Bank. The event is promoted by Nepal Tourism Board and supported by Model Global Visa Consultancy. The seven categories for competition this year are Ghumphir Culture and Tourism, Nepal Telecomm Wildlife and Nature, IMS Daily Life, Arghakhachi Cements News Photo, Shikhar Insurance Nepal Smiles, Model Global Visa Consultancy Sports and Photo Story,” reads the press release.</p> <p>According to the organizers, there will be three winners in each category and the best photo will be announced the IME Global IME Bank Photo of Year. The Photo of the Year winner will pocket Rs. 100,000. In each category, the winner receives Rs. 30,000 while the first and second runners-up receive Rs. 20,000 and Rs. 10,000 respectively.</p> <p>Similarly, the participants can submit their photographs and also learn about the rules of the competition on the club's website, http://www.pjclub.com.np. It has been informed that photos for the competition should be submitted by 12 midnight on Ashadh 31, 2073. Only photographs taken in Nepal and by Nepali citizens can be submitted. The best 150 photographs from the competition will be exhibited for five days in Kathmandu and will also be exhibited in four major cities of Nepal – Biratnagar, Pokhara, Nepalgunj and Dhangadhi.</p> <p><img alt="" src="/userfiles/images/nepal%20photo%20contest%20announcemnet%2001%20%282%29.jpg" style="height:452px; width:680px" /></p> <p> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3715', 'image' => '20160630044548_global bank.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3881', 'article_category_id' => '1', 'title' => 'SKBBL Restoration Credit for Small Farmers ', 'sub_title' => '', 'summary' => 'June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced the start of the program amid a program held on June 29.', 'content' => '<p>June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced about the beginning of the program amid a program held on June 29. Khem Bahadur Pathak, Chairman of the bank inaugurated the program by providing Rs 190.1 million to the representatives of 20 Small Farmer Agricultural Cooperative of rural areas. The money was provided by Asian Development Bank (ADB) as aid to the government of Nepal.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3714', 'image' => '20160630035128_sana.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3880', 'article_category_id' => '1', 'title' => 'Speakers Urged Private Sectors to Invest in Big Industries', 'sub_title' => 'Pyuthan Chamber of Commerce and Industries in 26th Year', 'summary' => 'June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.', 'content' => '<p style="text-align: justify;">June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.</p> <p style="text-align: justify;">Speaking at the 26<sup>th</sup> anniversary program organised on Wednesday Krishna Shrestha, Central Member of FNCCI and Chaiman of Arghakhachi Chamber of Commerce and Industries urged to create employments by establishing the big industries. “This year's budget has addressed for the benefit of entrepreneurs," he said, adding, "The threshold has reached to 50 million."</p> <p style="text-align: justify;">According to him, the FNCCI has started the special initiation to make the Tax payment and Pan receiving process easier. Beside this, he also noted that the initiation to receive ‘E-Pan’ from every corner of Hilly Region is also in the process. Speaking at the program Jyamuram Neupane, President of Pyuthan CCI urged the FNCCI to remove the unauthorized tax collected by the contractors working in Dang district since decades. "We are trying to remove the illegal tax," he said, adding, "We are soon planning to reach local development plan to the Ministry and grab their attention towards this."</p> <p style="text-align: justify;">Stating that there is a good chance of electricity production in the district, Neupane said that it will motivate entrepreneurs to invest in big industries. “The district has only developed as a center of selling goods produced outside the district,” he said, adding, “The association in coming days will take an initiation to promote the district as industrialism." According to Jhavendra Sharma, Executive Director of the association, recently there are 2600 associated entrepreneurs along with 10 market areas.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3713', 'image' => '20160630025505_fncc.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3879', 'article_category_id' => '1', 'title' => 'New HBL ATM Booth at Swoyambhu', 'sub_title' => '', 'summary' => 'June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.', 'content' => '<p style="text-align:justify">June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.</p> <p style="text-align:justify">“Any cardholder carrying Visa, MasterCard, American Express, JCB, UnionPay or SCT credit or debit card can avail cash withdrawal facility from the ATM throughout the day,” informs the bank in a press statement. After the installation of ATM, local people of the area, corporate houses, walk in people both local and foreigners will be able to use the ATM facility, the bank informs. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ATM%20Swoyambhu.jpg" style="height:1105px; width:700px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3712', 'image' => '20160630024205_ATM New.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3878', 'article_category_id' => '1', 'title' => 'Dish Home Service Center in Baglung', 'sub_title' => '', 'summary' => 'June 30: Dish Home has opened its 14th service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.', 'content' => '<p style="text-align: justify;">June 30: Dish Home has opened its 14<sup>th</sup> service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.</p> <p style="text-align: justify;">The company has already opened its service centers in Kathmandu, Chitwan, Pokhara, Birtamod, Biratnagar, Nepalgung before this. Similarly, it has also opened service centers in Dhangadi, Butwal, Dang, Lahan, Janakpur, Charikot and Mahendranagar. According to the company, the service centre aims to provide quick and convenient service to its customers. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3711', 'image' => '20160630011014_dishhome.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3877', 'article_category_id' => '1', 'title' => 'Nepal Life Resumes Share Trading', 'sub_title' => '', 'summary' => 'June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).', 'content' => '<p style="text-align: justify;">June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).</p> <p style="text-align: justify;">“The company is making the work process to bring uniformity in the issuance of new shares. However, the share transaction has been resumed as the work process requires more time,” says SEBON in a press statement. The regulator has confirmed that it has received prospectus about the share issuance from the company. If the board is not satisfied with premium rate in the prospectus, the company will have to justify the rates of the shares. Earlier, the company announced to sell 3.09 million units of shares at Rs 2,951 per unit through NEPSE on the last week of Jestha.</p> <p style="text-align: justify;">SEBON asked NEPSE to stop the share trading of NLIC stating that company had maintained the highest premium rate till date in order to manipulate prices in the secondary market and fixed the rate without any basis. SEBON has maintained that the action was necessary as the company announced the information without presenting prospectus in the board and ignoring the sensitivity of share prices.</p> <p style="text-align: justify;">The board has also directed NEPSE to announce FPO as per the Securities Act, Securities Registration and Issuance Regulation.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3710', 'image' => '20160630010415_nlic.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3891', 'article_category_id' => '1', 'title' => ' Thompson Nepal Bags 2nd NewBiz Cover Design Award', 'sub_title' => '', 'summary' => 'July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1.', 'content' => '<p>July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1. The winners were selected from the cover designs of last 15 issues of New Business Age magazine dating from April 2015 to June 2016.</p> <p>Similarly, AD Factor and Project A Studios were awarded with the second and third best awards respectively. Prizes and certificate of appreciation were handed over to the winners. The judging panel under the chairmanship of Dr Bhoj Raj Aryal including Avaya Pandey and Manoj Raut as members selected the best cover designs of the magazine. </p> <p>The program was started with the welcome speech of Madan Lamsal, Chairman of New Business Age. Welcoming the participants and guests, Lamsal said that the event was organized to encourage the creativity in Nepali advertisements. “The joint effort of entrepreneurs, advertisement agencies and media can increase the creativity in this sector and make the advertisements effective,” he mentioned.</p> <p>The event was comprised of a discussion on ‘Creativity in Nepali Advertisement’ hosted by NBA Chairman Lamsal which was followed by the award ceremony. The discussion also included a Q&A session where guests answered the queries of the audience regarding the ways of increasing the level of creativity in advertisements and various issues faced by the Nepali advertisement industry.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3724', 'image' => '20160703115847_thomson nepal.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3890', 'article_category_id' => '1', 'title' => 'Eisen Vault Provides Services in Nepal', 'sub_title' => '', 'summary' => 'July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.', 'content' => '<p>July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.</p> <p>Mars Pvt Ltd provides services like digital document management, Infrastructure record management and record management counseling along with all EDMS services. </p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3723', 'image' => '20160703112407_eilsen.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3889', 'article_category_id' => '1', 'title' => 'BOK Starts Eight New Branchless Banking', 'sub_title' => '', 'summary' => 'July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. ', 'content' => '<p>July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. The service has been started in Pratappur 2 in Kailali, Bangesal-7 and Dhungegadi-3 in Pyuthan, Sishaniya-5 in Dang, Patabhar-9 and Manau-5 in Bardiya, Tilakpur-6 in Nawalparasi and Siktan-6 in Rupandehi.</p> <p> “The bank plans to further introduce additional branchless banking services in future,” informs the bank in a press statement. According to the bank, UK Aid Sakchyam Access to Finance Program is supporting BOK in the establishment of twenty-four branchless banking touch points, as a part of its larger branchless banking initiative. “The bank has started the service with an aim to provide efficient and effective services to population without banking access and lower income group,” reads the statement. With these openings, the number of branchless banking service has reached 33 across the country.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3722', 'image' => '20160703110848_bok.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3888', 'article_category_id' => '1', 'title' => 'Gurkhas Finance Relocates Putalisadak Branch', 'sub_title' => '', 'summary' => 'July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. ', 'content' => '<p>July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. The branch was inaugurated by the bank’s Chairman Mahendra Lal Rai. Speaking at the program, Rai informed that the bank will relocate Dudhapati branch to Suryabinayak and Dhulabari branch of Jhapa to Birtamod of the same district within this month. Gurkha Development Bank and Kathmandu Finance merged to form Gurkhas Finance. After the merger, the bank has Rs 578.6 million in paid-up capital, Rs 2.25 billion in deposits and Rs 2.39 billion in loans.</p> <p>The finance has main branch in Charkhal, Kathmandu and other nine branches across the country. With its central office in Dillibazar, the finance is planning to open three branches in across the country including the Kathmandu valley soon. The Finance has also started the ATM service and mobile banking. “Gurkhas Finance will also provide the internet banking in the coming days,” said the company in a press statement.</p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3721', 'image' => '20160701015649_gorkhas fiinance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3887', 'article_category_id' => '1', 'title' => 'Nepal Re-insurance Concludes AGM', 'sub_title' => '', 'summary' => 'July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. ', 'content' => '<p>July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. Speaking on the program, Mahesh Kumar Guragain, President of the company said that the company is attempting to increase its capacity as per the expectations of the government in support of all stakeholders. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3720', 'image' => '20160701122328_re-insurance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3886', 'article_category_id' => '1', 'title' => 'Dr. Fixit's Awareness Campaign', 'sub_title' => '', 'summary' => 'July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.'', 'content' => '<p>July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.' According to the company, it has included contractors, sellers, consumers, painter and civil engineers to raise awareness regarding the importance of waterproofing in long term infrastructures. The company informed that it has been conducting the campaign in collaboration with Nepal Engineers Association and Department of Urban Development and Building Construction. The company has opened call center for the convenience of its customers. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3719', 'image' => '20160701121806_dr fixit.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3885', 'article_category_id' => '1', 'title' => 'Major Challenge is control of inflation: Governor Nepal', 'sub_title' => '', 'summary' => 'July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” says Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.', 'content' => '<p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” said Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.</span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">He expressed NRB’s seriousness in the growth of inflation rate to 10 percent in 10 months of the current FY along with decrease in arrival of remittance. In a program organised to discuss about upcoming monetary policy, he advised speakers to recommend suggestions considering the country’s interest in the present serious situation.</span></p> <p><strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Divergence between banks and businessmen regarding consortium loan:</span></strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt"> Bankers and businessmen have diverged on NRB directive of converting multi-banking loans of certain amount to consortium loans within the end of current FY. Earlier, NRB has mandatorily directed the banks to convert multi-banking loans of Rs 500 million and above to consortium loans within the end of current FY. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">“The amount of Rs 500 million is too low for current circumstances, it should be raised,” said Hari Bhakta Sharma, Chairman of CNI. He added that if the limit is not raised then more problems will arise in productive sector’s loans. Shanker Prasad Pandey, Chairman of FNCCI-banks, finance and insurance committee, also shared the same views. They have been proclaiming that NRB directive will increase their cost by 2 percent. According to them, the banks will charge the highest interest rate on such consortium loan resulting increase in cost of production, earlier where, the banks used to charge different different interest rate. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Meanwhile, the banks argue that the limit should be decreased. “I would say that the limit should further decrease. Businessmen demand Rs 500 million loans for Rs 250 million requirement which invites multiplier risk in the banking sector,” said Sashin Joshi, former Chairman of Nepal Banker Association. He argues that one bank should manage such loans taking leadership. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">NRB is initiating various policies to control multi-banking loans after disclosure of the banking practice where big commercial houses have taken loan of Rs 1-3 billion under multi-banking loans. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">In the mean time, businessmen have warned of degrading commercial environment because of the mechanism of submitting the same financial report to the banks to get the loan and to the government to pay tax. According to Kamlesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce, financial report submitted to tax department and the banks do not fit in together as the financial report submitted to bank for getting loans also includes projection of future progress. However the government formulated the new policy to control the practice of businessmen of submitting financial reports showcasing losses while paying tax whereas they submit financial reports showing profits to get the loans. </span></p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3718', 'image' => '20160701121038_chiran.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3884', 'article_category_id' => '1', 'title' => 'Locker Service of Sunrise Bank in Birtamod', 'sub_title' => '', 'summary' => 'July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.', 'content' => '<p>July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3717', 'image' => '20160701110457_sunrise.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3883', 'article_category_id' => '1', 'title' => 'Everest Bank installs free drinking water facility at Ratna Rajya School', 'sub_title' => '', 'summary' => 'July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.', 'content' => '<p style="text-align:justify">July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.</p> <p style="text-align:justify">Issuing a press statement, the bank said that it has always been conscious of its social responsibilities and as a part of its CSR activities, has been supporting needy segment of the society in the sector of health, education & infrastructure.</p> <p style="text-align:justify"><br /> “The Bank was conferred as “Best Managed Commercial Bank” by Asian Paint New Biz in 2013 as well as the “Highest Tax Payer among Commercial Banks” for FY 2068/69,” reads the statement. Presently the Bank is rendering professionalized & efficient banking services through its widest domestic network of 61 branches, 5 Extension Counters, 24 Revenue Collection Counters, 85 ATMs and many correspondents across the globe.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3716', 'image' => '20160701101603_Logo-Everest bank.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3882', 'article_category_id' => '1', 'title' => 'Global IME Finances Fifth Edition of PJ Club Photo Contest ', 'sub_title' => '', 'summary' => 'June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.', 'content' => '<p>June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.</p> <p>Issuing a press release, the organiser says “The fifth edition of the IME Global IME Bank Nepal Photo Contest 2073 in association with Model Global visa consultancy will be the biggest event of its kind for both professional and amateur photographers. And we believe it will be an even bigger success than the past four editions and reach new heights.” The total prize purse has been increased this year to NRs. 520 thousand across seven categories.</p> <p>“The main sponsors of the Nepal Photo Contest are IME and Global IME Bank. The event is promoted by Nepal Tourism Board and supported by Model Global Visa Consultancy. The seven categories for competition this year are Ghumphir Culture and Tourism, Nepal Telecomm Wildlife and Nature, IMS Daily Life, Arghakhachi Cements News Photo, Shikhar Insurance Nepal Smiles, Model Global Visa Consultancy Sports and Photo Story,” reads the press release.</p> <p>According to the organizers, there will be three winners in each category and the best photo will be announced the IME Global IME Bank Photo of Year. The Photo of the Year winner will pocket Rs. 100,000. In each category, the winner receives Rs. 30,000 while the first and second runners-up receive Rs. 20,000 and Rs. 10,000 respectively.</p> <p>Similarly, the participants can submit their photographs and also learn about the rules of the competition on the club's website, http://www.pjclub.com.np. It has been informed that photos for the competition should be submitted by 12 midnight on Ashadh 31, 2073. Only photographs taken in Nepal and by Nepali citizens can be submitted. The best 150 photographs from the competition will be exhibited for five days in Kathmandu and will also be exhibited in four major cities of Nepal – Biratnagar, Pokhara, Nepalgunj and Dhangadhi.</p> <p><img alt="" src="/userfiles/images/nepal%20photo%20contest%20announcemnet%2001%20%282%29.jpg" style="height:452px; width:680px" /></p> <p> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3715', 'image' => '20160630044548_global bank.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3881', 'article_category_id' => '1', 'title' => 'SKBBL Restoration Credit for Small Farmers ', 'sub_title' => '', 'summary' => 'June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced the start of the program amid a program held on June 29.', 'content' => '<p>June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced about the beginning of the program amid a program held on June 29. Khem Bahadur Pathak, Chairman of the bank inaugurated the program by providing Rs 190.1 million to the representatives of 20 Small Farmer Agricultural Cooperative of rural areas. The money was provided by Asian Development Bank (ADB) as aid to the government of Nepal.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3714', 'image' => '20160630035128_sana.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3880', 'article_category_id' => '1', 'title' => 'Speakers Urged Private Sectors to Invest in Big Industries', 'sub_title' => 'Pyuthan Chamber of Commerce and Industries in 26th Year', 'summary' => 'June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.', 'content' => '<p style="text-align: justify;">June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.</p> <p style="text-align: justify;">Speaking at the 26<sup>th</sup> anniversary program organised on Wednesday Krishna Shrestha, Central Member of FNCCI and Chaiman of Arghakhachi Chamber of Commerce and Industries urged to create employments by establishing the big industries. “This year's budget has addressed for the benefit of entrepreneurs," he said, adding, "The threshold has reached to 50 million."</p> <p style="text-align: justify;">According to him, the FNCCI has started the special initiation to make the Tax payment and Pan receiving process easier. Beside this, he also noted that the initiation to receive ‘E-Pan’ from every corner of Hilly Region is also in the process. Speaking at the program Jyamuram Neupane, President of Pyuthan CCI urged the FNCCI to remove the unauthorized tax collected by the contractors working in Dang district since decades. "We are trying to remove the illegal tax," he said, adding, "We are soon planning to reach local development plan to the Ministry and grab their attention towards this."</p> <p style="text-align: justify;">Stating that there is a good chance of electricity production in the district, Neupane said that it will motivate entrepreneurs to invest in big industries. “The district has only developed as a center of selling goods produced outside the district,” he said, adding, “The association in coming days will take an initiation to promote the district as industrialism." According to Jhavendra Sharma, Executive Director of the association, recently there are 2600 associated entrepreneurs along with 10 market areas.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3713', 'image' => '20160630025505_fncc.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3879', 'article_category_id' => '1', 'title' => 'New HBL ATM Booth at Swoyambhu', 'sub_title' => '', 'summary' => 'June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.', 'content' => '<p style="text-align:justify">June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.</p> <p style="text-align:justify">“Any cardholder carrying Visa, MasterCard, American Express, JCB, UnionPay or SCT credit or debit card can avail cash withdrawal facility from the ATM throughout the day,” informs the bank in a press statement. After the installation of ATM, local people of the area, corporate houses, walk in people both local and foreigners will be able to use the ATM facility, the bank informs. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ATM%20Swoyambhu.jpg" style="height:1105px; width:700px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3712', 'image' => '20160630024205_ATM New.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3878', 'article_category_id' => '1', 'title' => 'Dish Home Service Center in Baglung', 'sub_title' => '', 'summary' => 'June 30: Dish Home has opened its 14th service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.', 'content' => '<p style="text-align: justify;">June 30: Dish Home has opened its 14<sup>th</sup> service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.</p> <p style="text-align: justify;">The company has already opened its service centers in Kathmandu, Chitwan, Pokhara, Birtamod, Biratnagar, Nepalgung before this. Similarly, it has also opened service centers in Dhangadi, Butwal, Dang, Lahan, Janakpur, Charikot and Mahendranagar. According to the company, the service centre aims to provide quick and convenient service to its customers. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3711', 'image' => '20160630011014_dishhome.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3877', 'article_category_id' => '1', 'title' => 'Nepal Life Resumes Share Trading', 'sub_title' => '', 'summary' => 'June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).', 'content' => '<p style="text-align: justify;">June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).</p> <p style="text-align: justify;">“The company is making the work process to bring uniformity in the issuance of new shares. However, the share transaction has been resumed as the work process requires more time,” says SEBON in a press statement. The regulator has confirmed that it has received prospectus about the share issuance from the company. If the board is not satisfied with premium rate in the prospectus, the company will have to justify the rates of the shares. Earlier, the company announced to sell 3.09 million units of shares at Rs 2,951 per unit through NEPSE on the last week of Jestha.</p> <p style="text-align: justify;">SEBON asked NEPSE to stop the share trading of NLIC stating that company had maintained the highest premium rate till date in order to manipulate prices in the secondary market and fixed the rate without any basis. SEBON has maintained that the action was necessary as the company announced the information without presenting prospectus in the board and ignoring the sensitivity of share prices.</p> <p style="text-align: justify;">The board has also directed NEPSE to announce FPO as per the Securities Act, Securities Registration and Issuance Regulation.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3710', 'image' => '20160630010415_nlic.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3891', 'article_category_id' => '1', 'title' => ' Thompson Nepal Bags 2nd NewBiz Cover Design Award', 'sub_title' => '', 'summary' => 'July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1.', 'content' => '<p>July 3: Thompson Nepal has been won the Best Cover Design Award in thE New Business Age Cover Design Award 2016. The second edition of the award ceremony was organized amid a grand program held at Shangrila Hotel on July 1. The winners were selected from the cover designs of last 15 issues of New Business Age magazine dating from April 2015 to June 2016.</p> <p>Similarly, AD Factor and Project A Studios were awarded with the second and third best awards respectively. Prizes and certificate of appreciation were handed over to the winners. The judging panel under the chairmanship of Dr Bhoj Raj Aryal including Avaya Pandey and Manoj Raut as members selected the best cover designs of the magazine. </p> <p>The program was started with the welcome speech of Madan Lamsal, Chairman of New Business Age. Welcoming the participants and guests, Lamsal said that the event was organized to encourage the creativity in Nepali advertisements. “The joint effort of entrepreneurs, advertisement agencies and media can increase the creativity in this sector and make the advertisements effective,” he mentioned.</p> <p>The event was comprised of a discussion on ‘Creativity in Nepali Advertisement’ hosted by NBA Chairman Lamsal which was followed by the award ceremony. The discussion also included a Q&A session where guests answered the queries of the audience regarding the ways of increasing the level of creativity in advertisements and various issues faced by the Nepali advertisement industry.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3724', 'image' => '20160703115847_thomson nepal.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3890', 'article_category_id' => '1', 'title' => 'Eisen Vault Provides Services in Nepal', 'sub_title' => '', 'summary' => 'July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.', 'content' => '<p>July 3: Eisen Vault has started Electronic Document Management System (EDMS) Services in Nepal in association with Mars Pvt Ltd. Eisen Vault Corporate Association was established in 2015 for the easy management of documents in educational organizations and corporate associations.</p> <p>Mars Pvt Ltd provides services like digital document management, Infrastructure record management and record management counseling along with all EDMS services. </p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3723', 'image' => '20160703112407_eilsen.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3889', 'article_category_id' => '1', 'title' => 'BOK Starts Eight New Branchless Banking', 'sub_title' => '', 'summary' => 'July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. ', 'content' => '<p>July 3: Bank of Kathmandu (BOK) has started operation of eight new branchless banking services on July 2. The services were launched with the opening ceremonies at each of the locations. The service has been started in Pratappur 2 in Kailali, Bangesal-7 and Dhungegadi-3 in Pyuthan, Sishaniya-5 in Dang, Patabhar-9 and Manau-5 in Bardiya, Tilakpur-6 in Nawalparasi and Siktan-6 in Rupandehi.</p> <p> “The bank plans to further introduce additional branchless banking services in future,” informs the bank in a press statement. According to the bank, UK Aid Sakchyam Access to Finance Program is supporting BOK in the establishment of twenty-four branchless banking touch points, as a part of its larger branchless banking initiative. “The bank has started the service with an aim to provide efficient and effective services to population without banking access and lower income group,” reads the statement. With these openings, the number of branchless banking service has reached 33 across the country.</p> ', 'published' => true, 'created' => '2016-07-03', 'modified' => '2016-07-03', 'keywords' => '', 'description' => '', 'sortorder' => '3722', 'image' => '20160703110848_bok.jpg', 'article_date' => '2016-07-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3888', 'article_category_id' => '1', 'title' => 'Gurkhas Finance Relocates Putalisadak Branch', 'sub_title' => '', 'summary' => 'July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. ', 'content' => '<p>July 1:Gurkhas Finance Limited has relocated its Putalisadak branch to New Road. The relocated branch which has become operational from June 29 is stationed at New Road Gate. The branch was inaugurated by the bank’s Chairman Mahendra Lal Rai. Speaking at the program, Rai informed that the bank will relocate Dudhapati branch to Suryabinayak and Dhulabari branch of Jhapa to Birtamod of the same district within this month. Gurkha Development Bank and Kathmandu Finance merged to form Gurkhas Finance. After the merger, the bank has Rs 578.6 million in paid-up capital, Rs 2.25 billion in deposits and Rs 2.39 billion in loans.</p> <p>The finance has main branch in Charkhal, Kathmandu and other nine branches across the country. With its central office in Dillibazar, the finance is planning to open three branches in across the country including the Kathmandu valley soon. The Finance has also started the ATM service and mobile banking. “Gurkhas Finance will also provide the internet banking in the coming days,” said the company in a press statement.</p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3721', 'image' => '20160701015649_gorkhas fiinance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3887', 'article_category_id' => '1', 'title' => 'Nepal Re-insurance Concludes AGM', 'sub_title' => '', 'summary' => 'July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. ', 'content' => '<p>July 1: Nepal Re-insurance Company has concluded its first AGM on June 28. The meeting has approved annual report of FY 2071/72 and recruited the accountant for FY 2072/73. Speaking on the program, Mahesh Kumar Guragain, President of the company said that the company is attempting to increase its capacity as per the expectations of the government in support of all stakeholders. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3720', 'image' => '20160701122328_re-insurance.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3886', 'article_category_id' => '1', 'title' => 'Dr. Fixit's Awareness Campaign', 'sub_title' => '', 'summary' => 'July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.'', 'content' => '<p>July 1: Dr. Fixit, the product of Pidilite Industries has conducted training programs in various places of the country in the context 'standard vision in repair and rehabilitation.' According to the company, it has included contractors, sellers, consumers, painter and civil engineers to raise awareness regarding the importance of waterproofing in long term infrastructures. The company informed that it has been conducting the campaign in collaboration with Nepal Engineers Association and Department of Urban Development and Building Construction. The company has opened call center for the convenience of its customers. </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3719', 'image' => '20160701121806_dr fixit.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3885', 'article_category_id' => '1', 'title' => 'Major Challenge is control of inflation: Governor Nepal', 'sub_title' => '', 'summary' => 'July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” says Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.', 'content' => '<p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">July 1: NRB has voiced out that inflation is the main challenge of the present time. “The main objective of central banks in the world is to control inflation. If only inflation could be controlled, poverty itself will be eliminated,” said Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank.</span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">He expressed NRB’s seriousness in the growth of inflation rate to 10 percent in 10 months of the current FY along with decrease in arrival of remittance. In a program organised to discuss about upcoming monetary policy, he advised speakers to recommend suggestions considering the country’s interest in the present serious situation.</span></p> <p><strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Divergence between banks and businessmen regarding consortium loan:</span></strong><span style="font-family:helvetica,sans-serif; font-size:12.5pt"> Bankers and businessmen have diverged on NRB directive of converting multi-banking loans of certain amount to consortium loans within the end of current FY. Earlier, NRB has mandatorily directed the banks to convert multi-banking loans of Rs 500 million and above to consortium loans within the end of current FY. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">“The amount of Rs 500 million is too low for current circumstances, it should be raised,” said Hari Bhakta Sharma, Chairman of CNI. He added that if the limit is not raised then more problems will arise in productive sector’s loans. Shanker Prasad Pandey, Chairman of FNCCI-banks, finance and insurance committee, also shared the same views. They have been proclaiming that NRB directive will increase their cost by 2 percent. According to them, the banks will charge the highest interest rate on such consortium loan resulting increase in cost of production, earlier where, the banks used to charge different different interest rate. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">Meanwhile, the banks argue that the limit should be decreased. “I would say that the limit should further decrease. Businessmen demand Rs 500 million loans for Rs 250 million requirement which invites multiplier risk in the banking sector,” said Sashin Joshi, former Chairman of Nepal Banker Association. He argues that one bank should manage such loans taking leadership. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">NRB is initiating various policies to control multi-banking loans after disclosure of the banking practice where big commercial houses have taken loan of Rs 1-3 billion under multi-banking loans. </span></p> <p><span style="font-family:helvetica,sans-serif; font-size:12.5pt">In the mean time, businessmen have warned of degrading commercial environment because of the mechanism of submitting the same financial report to the banks to get the loan and to the government to pay tax. According to Kamlesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce, financial report submitted to tax department and the banks do not fit in together as the financial report submitted to bank for getting loans also includes projection of future progress. However the government formulated the new policy to control the practice of businessmen of submitting financial reports showcasing losses while paying tax whereas they submit financial reports showing profits to get the loans. </span></p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3718', 'image' => '20160701121038_chiran.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3884', 'article_category_id' => '1', 'title' => 'Locker Service of Sunrise Bank in Birtamod', 'sub_title' => '', 'summary' => 'July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.', 'content' => '<p>July 1: Sunrise Bank has provided safe deposit locker facility in Birtamod branch to its customers. The bank informed that it will provide locker facility along with advanced banking services through the branch. The bank has been providing safe deposit locker facility throughout the 24 branches out of 53. Currently, the bank has been providing financial services through 53 branches, 67 ATMs and seven branchless banking accross the country.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3717', 'image' => '20160701110457_sunrise.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3883', 'article_category_id' => '1', 'title' => 'Everest Bank installs free drinking water facility at Ratna Rajya School', 'sub_title' => '', 'summary' => 'July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.', 'content' => '<p style="text-align:justify">July 1: Everest Bank has installed free & pure drinking water facility at the premises of Ratna Rajya H. S. School, Old Baneshowar, Kathmandu as a part of its Corporate Social Responsibility. The school is having more than 50 yrs old establishment with total number of student over 2,100 and classes running up to plus two levels.</p> <p style="text-align:justify">Issuing a press statement, the bank said that it has always been conscious of its social responsibilities and as a part of its CSR activities, has been supporting needy segment of the society in the sector of health, education & infrastructure.</p> <p style="text-align:justify"><br /> “The Bank was conferred as “Best Managed Commercial Bank” by Asian Paint New Biz in 2013 as well as the “Highest Tax Payer among Commercial Banks” for FY 2068/69,” reads the statement. Presently the Bank is rendering professionalized & efficient banking services through its widest domestic network of 61 branches, 5 Extension Counters, 24 Revenue Collection Counters, 85 ATMs and many correspondents across the globe.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-01', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3716', 'image' => '20160701101603_Logo-Everest bank.jpg', 'article_date' => '2016-07-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3882', 'article_category_id' => '1', 'title' => 'Global IME Finances Fifth Edition of PJ Club Photo Contest ', 'sub_title' => '', 'summary' => 'June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.', 'content' => '<p>June 30: The Photojournalist Club (PJ Club) Nepal has announces the fifth edition of the country’s biggest photo contest – the Global IME Bank Nepal Photo Contest 2073. The event aims to promote photography in national level and Nepal in the international arena.</p> <p>Issuing a press release, the organiser says “The fifth edition of the IME Global IME Bank Nepal Photo Contest 2073 in association with Model Global visa consultancy will be the biggest event of its kind for both professional and amateur photographers. And we believe it will be an even bigger success than the past four editions and reach new heights.” The total prize purse has been increased this year to NRs. 520 thousand across seven categories.</p> <p>“The main sponsors of the Nepal Photo Contest are IME and Global IME Bank. The event is promoted by Nepal Tourism Board and supported by Model Global Visa Consultancy. The seven categories for competition this year are Ghumphir Culture and Tourism, Nepal Telecomm Wildlife and Nature, IMS Daily Life, Arghakhachi Cements News Photo, Shikhar Insurance Nepal Smiles, Model Global Visa Consultancy Sports and Photo Story,” reads the press release.</p> <p>According to the organizers, there will be three winners in each category and the best photo will be announced the IME Global IME Bank Photo of Year. The Photo of the Year winner will pocket Rs. 100,000. In each category, the winner receives Rs. 30,000 while the first and second runners-up receive Rs. 20,000 and Rs. 10,000 respectively.</p> <p>Similarly, the participants can submit their photographs and also learn about the rules of the competition on the club's website, http://www.pjclub.com.np. It has been informed that photos for the competition should be submitted by 12 midnight on Ashadh 31, 2073. Only photographs taken in Nepal and by Nepali citizens can be submitted. The best 150 photographs from the competition will be exhibited for five days in Kathmandu and will also be exhibited in four major cities of Nepal – Biratnagar, Pokhara, Nepalgunj and Dhangadhi.</p> <p><img alt="" src="/userfiles/images/nepal%20photo%20contest%20announcemnet%2001%20%282%29.jpg" style="height:452px; width:680px" /></p> <p> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3715', 'image' => '20160630044548_global bank.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3881', 'article_category_id' => '1', 'title' => 'SKBBL Restoration Credit for Small Farmers ', 'sub_title' => '', 'summary' => 'June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced the start of the program amid a program held on June 29.', 'content' => '<p>June 30: Sana Kisan Bikas Bank Limited (SKBBL) has started livelihood restoration credit program for the people of the earthquake affected communities. The bank announced about the beginning of the program amid a program held on June 29. Khem Bahadur Pathak, Chairman of the bank inaugurated the program by providing Rs 190.1 million to the representatives of 20 Small Farmer Agricultural Cooperative of rural areas. The money was provided by Asian Development Bank (ADB) as aid to the government of Nepal.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3714', 'image' => '20160630035128_sana.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3880', 'article_category_id' => '1', 'title' => 'Speakers Urged Private Sectors to Invest in Big Industries', 'sub_title' => 'Pyuthan Chamber of Commerce and Industries in 26th Year', 'summary' => 'June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.', 'content' => '<p style="text-align: justify;">June 30: Speakers have suggested private sector entrepreneurs of Pyuthan to invest in big industries as a numerous number of small and medium scales are being operated in the district. They requested the entrepreneurs to focus on the feasibility as the resources available in district are adequate and sufficient to establish the industries.</p> <p style="text-align: justify;">Speaking at the 26<sup>th</sup> anniversary program organised on Wednesday Krishna Shrestha, Central Member of FNCCI and Chaiman of Arghakhachi Chamber of Commerce and Industries urged to create employments by establishing the big industries. “This year's budget has addressed for the benefit of entrepreneurs," he said, adding, "The threshold has reached to 50 million."</p> <p style="text-align: justify;">According to him, the FNCCI has started the special initiation to make the Tax payment and Pan receiving process easier. Beside this, he also noted that the initiation to receive ‘E-Pan’ from every corner of Hilly Region is also in the process. Speaking at the program Jyamuram Neupane, President of Pyuthan CCI urged the FNCCI to remove the unauthorized tax collected by the contractors working in Dang district since decades. "We are trying to remove the illegal tax," he said, adding, "We are soon planning to reach local development plan to the Ministry and grab their attention towards this."</p> <p style="text-align: justify;">Stating that there is a good chance of electricity production in the district, Neupane said that it will motivate entrepreneurs to invest in big industries. “The district has only developed as a center of selling goods produced outside the district,” he said, adding, “The association in coming days will take an initiation to promote the district as industrialism." According to Jhavendra Sharma, Executive Director of the association, recently there are 2600 associated entrepreneurs along with 10 market areas.</p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3713', 'image' => '20160630025505_fncc.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3879', 'article_category_id' => '1', 'title' => 'New HBL ATM Booth at Swoyambhu', 'sub_title' => '', 'summary' => 'June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.', 'content' => '<p style="text-align:justify">June 30: Himalayan Bank Limited has started a new ATM booth in Bhagawanpau, Swoyambhu. Presently, the number of ATMs of the bank has reached 83 including the opening.</p> <p style="text-align:justify">“Any cardholder carrying Visa, MasterCard, American Express, JCB, UnionPay or SCT credit or debit card can avail cash withdrawal facility from the ATM throughout the day,” informs the bank in a press statement. After the installation of ATM, local people of the area, corporate houses, walk in people both local and foreigners will be able to use the ATM facility, the bank informs. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ATM%20Swoyambhu.jpg" style="height:1105px; width:700px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-07-01', 'keywords' => '', 'description' => '', 'sortorder' => '3712', 'image' => '20160630024205_ATM New.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3878', 'article_category_id' => '1', 'title' => 'Dish Home Service Center in Baglung', 'sub_title' => '', 'summary' => 'June 30: Dish Home has opened its 14th service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.', 'content' => '<p style="text-align: justify;">June 30: Dish Home has opened its 14<sup>th</sup> service center in Baglung in the process of service expansion. The new service center was jointly inaugurated by Dish Home's Deputy General Manager Kalyan Adhikari and Manager Sabin Maharjan.</p> <p style="text-align: justify;">The company has already opened its service centers in Kathmandu, Chitwan, Pokhara, Birtamod, Biratnagar, Nepalgung before this. Similarly, it has also opened service centers in Dhangadi, Butwal, Dang, Lahan, Janakpur, Charikot and Mahendranagar. According to the company, the service centre aims to provide quick and convenient service to its customers. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3711', 'image' => '20160630011014_dishhome.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3877', 'article_category_id' => '1', 'title' => 'Nepal Life Resumes Share Trading', 'sub_title' => '', 'summary' => 'June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).', 'content' => '<p style="text-align: justify;">June 30: The share trading of Nepal Life Insurance Company (NLIC) has resumed from June 30. Previously, the trading was blocked by Securities Board of Nepal (SEBON) for setting higher premium rates for further public offering (FPO).</p> <p style="text-align: justify;">“The company is making the work process to bring uniformity in the issuance of new shares. However, the share transaction has been resumed as the work process requires more time,” says SEBON in a press statement. The regulator has confirmed that it has received prospectus about the share issuance from the company. If the board is not satisfied with premium rate in the prospectus, the company will have to justify the rates of the shares. Earlier, the company announced to sell 3.09 million units of shares at Rs 2,951 per unit through NEPSE on the last week of Jestha.</p> <p style="text-align: justify;">SEBON asked NEPSE to stop the share trading of NLIC stating that company had maintained the highest premium rate till date in order to manipulate prices in the secondary market and fixed the rate without any basis. SEBON has maintained that the action was necessary as the company announced the information without presenting prospectus in the board and ignoring the sensitivity of share prices.</p> <p style="text-align: justify;">The board has also directed NEPSE to announce FPO as per the Securities Act, Securities Registration and Issuance Regulation.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3710', 'image' => '20160630010415_nlic.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
