NEWS

Nabil Supports Visually Impaired Students

Jun 22, 2016 0 15 seconds to read

June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh.…

Siddhartha Bank and Business Universal Development Bank Start Joint Operations

Jun 22, 2016 0 52 seconds to read

June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. “The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,” informs the bank in a press…

4 Models of Panasonic Launched in Nepal

Jun 22, 2016 0 1 minutes 37 seconds to read

June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic…

Parliament Returns BAFIA Bill to Finance Committee

Jun 22, 2016 0 2 minutes 8 seconds to read

June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for re-consideration. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank…

Evidence Reveals Pande Duo’s Irregularities

Jun 21, 2016 0 4 minutes 50 seconds to read

June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange.…

Production and Sales distribution of Lollipop banned

Jun 21, 2016 0 43 seconds to read

June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the production and sales distribution of such lollipops. It also has requested customers not to buy such…

Kaski and Kamana Development Bank Starts Joint Operation

Jun 21, 2016 0 52 seconds to read

June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June…

Yeti Devt Bank supports Balsarathi Centre

Jun 21, 2016 0 23 seconds to read

June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu.…

Muktinath Devt Bank Starts Branch at Ramapur Colony

Jun 21, 2016 0 37 seconds to read

June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same…

Century Bank Starts Visa Credit Card Services

Jun 21, 2016 0 23 seconds to read

June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from 31 branches, 28 ATMs, 8 branchless banking and 3 extension counters.…

King’s College to Host International Conference on Social Entrepreneurship

Jun 20, 2016 1 1 minutes 11 seconds to read

June 20: King’s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July…

Dibyashwari Hydropower to Issue 396,000units of IPO

Jun 20, 2016 1 52 seconds to read

June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment…

Hero brings Paisa Ko Barsha Offer

Jun 20, 2016 0 37 seconds to read

June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled “Paisa Ko…

Arghakanchi Cement Celebrates Successful Anniversary

Jun 20, 2016 0 44 seconds to read

June 20: Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the…

NT to Finalise International Bandwidth Deal with China

Jun 20, 2016 0 2 minutes 43 seconds to read

June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '3815',
			'article_category_id' => '1',
			'title' => 'Nabil Supports Visually Impaired Students',
			'sub_title' => '',
			'summary' => 'June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh. ',
			'content' => '<p>June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh.&nbsp;</p>
',
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			'sortorder' => '3648',
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			'id' => '3814',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Business Universal Development Bank Start Joint Operations ',
			'sub_title' => '',
			'summary' => 'June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. “The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,” informs the bank in a press statement.',
			'content' => '<p style="text-align: justify;">June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. &ldquo;The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,&rdquo; informs the bank in a press statement.</p>

<p style="text-align: justify;">&ldquo;Following the merger the bank&rsquo;s paid up capital has reached a total of Rs 3.02 billion,&rdquo; reads the statement. &ldquo;As of June 20, 2016, the bank has been able to create a combined deposit portfolio of Rs 62.10 billion, credit portfolio of Rs 53.64 billion, a profit before bonus and tax of Rs 1.90 billion and a net profit of Rs 1.16 billion,&rdquo; informs the statement.</p>

<p style="text-align: justify;">After the merger, the bank will provide banking products and services through 69 branches, 81 ATMs and 65 branchless banking locations.&nbsp;</p>
',
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			'id' => '3813',
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			'title' => '4 Models of Panasonic Launched in Nepal ',
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			'summary' => 'June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark.',
			'content' => '<p>June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark<strong>.</strong></p>

<p>&nbsp;&ldquo;This series of budget smart phones are targeted mainly to new SLC pass-out students, and with attractive price range, these new series will surely catch youngsters&#39; eyes,&rdquo; said Manish Rajbhandari, MD of Allied Trade Link International.</p>

<p>Running on Android 6.0 Marshmallow Panasonic T44 comes with 4 inch display. Powered by quad-core processor, T44 has 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front camera and 2400 mAh battery capacity. Available in champagne gold and electric blue color, the market price of this smartphone is tagged Rs 6,990.</p>

<p>Similarly, powered by quad-core processor, Panasonic P50 comes with 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front facing camera and 1600 mAh battery. Panasonic T50 has 4.5 inch display, operates on Android 5.1 Lollipop along with 3G connectivity. Available in champagne gold and dark blue color, the market price of T50 is tagged Rs 8,490.</p>

<p>Panasonic Arc sports 4.7 inch HD IPS 2.5D curved display running on Android 5.1 Lollipop. It supports 4G connectivity. Powered by quad-core qualcomm snapdragon processor, this new Panasonic smartphone boasts 2 GB RAM, 16 GB internal memory, 8MP AF back camera with flash, 5MP front Camera, fingerprint sensor, IR sensor and 1800 mAh battery with quick charge feature. Available in gold color, the market price of this phone is tagged Rs 19,990.</p>

<p>Similarly, Panasonic Mark comes with 5.5 inch screen. Running on Android Lollipop, this smartphone is powered by 1.5 GHz octa-core qualcomm snapdragon processor. The phone also features 2 GB RAM, 16 GB internal memory, 13MP back camera with flash, 5MP front camera, fingerprint sensor, 2500 mAh battery with quick charge. Finally, the phone has the price tag of Rs 21,990.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '3812',
			'article_category_id' => '1',
			'title' => 'Parliament Returns BAFIA Bill to Finance Committee',
			'sub_title' => '',
			'summary' => 'June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for re-consideration. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors.',
			'content' => '<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for review. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors. &nbsp;Stakeholders had criticised the bill due to possible havoc that might be created in banking sector if the bill gets endorsed at present form. According to the stakeholders, if the bill gets endorsed as it is, small investors will suffer and big investors will dominate the market. They had also expressed their concern on long-term tenure of chairman and directors as well, as there is potential risk of manipulation, if the same individual reigns in the post for the long period. The preliminary draft of the bill had set two years tenure for the Chairman and Director of the bank fore-sighting the risks. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">However, Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to Finance Committee. The Finance Committee has passed the bill including the recommendation of the Sub-Committee. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">The bill has been criticised for including provision where individuals who were taken action for acting against business discipline can also become directors of BFIs. Similarly, it also includes provisions of eternal appointment of bank directors and Chairman and has increased the tenure of CEO from 4 years to 5 years.</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">Likewise, the Sub-Committee has also recommended of removing a provision that bars individual from having any top position in the BFIs who owns above 50 percent ownership in any firm or company operating business taking loan from any BFIs. But now, a path has been opened for the committee to submit the bill with required modifications after re-discussion. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>
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			'id' => '3811',
			'article_category_id' => '1',
			'title' => 'Evidence Reveals Pande Duo’s Irregularities',
			'sub_title' => '',
			'summary' => 'June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. ',
			'content' => '<p>June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. The detail report on Polymer scandal proves the ill intentions of Prithvi Bahadur Pande , the then Director of Himalayan Bank, his brother Himalaya Pandey, former Nepal Rastra Bank (NRB) Governor Dr Tilak Rawal, Chief Currency Officer of NRB Upendra Keshari Poudyal along with high officials of Note Printing Australia (NPA).</p>

<p>The report forwarded by Attorney General of Australia has reached Kathmandu District Court after going through Ministry of Law, Nepal Rastra Bank and Attorney General for Nepal&rsquo;s Office. However, it is a mystery that the file has not been submitted to the Supreme Court even one year after the Supreme Court ordered the district court to submit the file.</p>

<p>According to the documents, the printing of polymer notes procedure took a pace after Steven Wong, Marketing Manager of NPA met Himalaya in 1999. After finalising on commission of the agent and other related details, official agreement on agency agreement was made between Pande brothers&rsquo; Mayflower Pvt Ltd and NPA.&nbsp; As per the agreement, commission rate of 9.09 percent was fixed on the sales price.</p>

<p>The investigation of AFP has shown that the Pandeys used the commission amount for bribing related officials of the Nepal government. AFP has presented detail description report of emails, fax, telephone and teleconference between NPA officials, NPA officials and Pandes along with others.</p>

<p>AFP requested bank account reports and travelling reports of people involved in the scandal including the agent Mayflower along with the business record of NRB in order to collect evidence to proceed the legal actions. The request was successively passed from Ministry of Foreign Affairs to Ministry of Law to the Kathmandu District Court. Later, Kathmandu District Court ordered to provide those reports to Australia. Meanwhile, NRB had also issued circular to all banks to act accordingly.</p>

<p>But later Prithvi Bahadur Pande and Upendra Keshari Poudyal submitted a writ petition on Mangsir 2071 in the Supreme Court citing that it would be inappropriate to provide bank details of Nepali citizen to foreign organisation. The Supreme Court had asked the district court to submit the file on 2072 Jestha 18. However, the file has not reached the Supreme Court even after one year thus postponing the hearing. Similarly, a complaint was also registered in CIAA regarding the case but due to the case being sub judice, the CIAA decided to withhold the investigation.</p>

<p>As per the documents discovered by Aarthik Abhiyan, NPA had submitted proposal for printing and supply of polymer notes of Rs 10 denomination in 2000, January 12. After that, Upendra Keshari Poudyal asked for note printing quotation from NPA Marketing Manager Steven Young in February 16. &nbsp;Young then sent quotation price of printing 20- 50 million units of notes. According to the quotation, for 20 million units of notes, the company quoted a cost of 77 Australian Dollar per 1,000 units. Similarly, for 30 million the quoted price was AUD 73 per 1,000 units, 40 million units at AUD 70 per 1,000 units and 50 million units at AUD 68 per 1,000 units. The amount included agent commission as well, but a confidential fax obtained by the Australian Police sent by Young to NPA CEO John Leckenby revealed that the Nepali agent demanded to raise the quotation price by AUD 4 per 1,000 units to &lsquo;serving others.&rsquo; AFP claimed that the fax has proved corrupt relationship between NPA, Agents Pandeys and NRB officials.</p>

<p>Answering the fax, Leckenby sent an email to Wong pointing out the possible consideration as demanded by Nepali agents. The documents also mentioned that after the email, discussion between NPA Officials, the then Australian Ambassador for Nepal Konri, former Governor Tilak Rawal, NRB&rsquo;s Currency Department Head Upendra Poudyal and other bureaucrats. In the same year, Wong sent an email at the Hotmail account of Prithvi Pande on October 9 and stated that he used code for words and numbers due to the low security of Hotmail service. It is assumed that the email contains commission rate to be distributed among the agents.</p>

<p>However, on 2002 March 5, NPA official Wong sent an email to Finance Department Head of NPA Rey Kukk that mentioned Upendra Poudyal is positive on not mentioning the names of agents in the official documents as per the demand of Nepali agents. It clearly shows the intention of camouflaging commission by showing direct deal between NPA and NRB.</p>

<p>On March 15 of the same year, NPA submitted quotation to NRB for 50 million units notes with AUD 72 for per 1000 units of notes. However, the quotation submitted by NPA to NRB on 2000 mentioned AUD 68 per 1,000 units notes.</p>

<p>The tender was opened on 19 March. However, NRB decided to retender citing insufficient proposals received. Later, NPA again submitted its tender on April 19, 2002 which was awarded to the company.</p>

<p>After that, NRB made payment of AUD 3.56 million between 5 December 2002 to 28 March 2003. Similarly, NPA paid its agents Himalaya and Prithvi Pandey AUD 330,043 between 17 October 2002 to 14 April 2003. The investigation of Australian Police found that the amount was used by Himalaya Pandey to make payments to various individuals from his account at Citi Bank Australia on various dates.</p>

<p style="text-align:justify">Meanwhile, the then CEO of NPA John Leckenby, Corporate Service Manager Peter Hutchinson, Business Development Manager Barry Thomas Brady and Asia Pacific Marketing Manager Steven Kim Chou Wong are facing court case in Australia.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np1%282%29%281%29.jpg" style="height:1042px; width:700px" /></p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np%202.jpg" style="height:1640px; width:700px" /></p>
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		'Article' => array(
			'id' => '3810',
			'article_category_id' => '1',
			'title' => 'Production and Sales distribution of Lollipop banned',
			'sub_title' => '',
			'summary' => 'June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the  production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.',
			'content' => '<p style="text-align: justify;">June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the&nbsp; production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.</p>

<p style="text-align: justify;">Issuing a press release the department informed that the production and sales distribution of lollipop produced by Asian Biscuit and Confectionery Dubahi, Sunsari was banned.</p>

<p style="text-align: justify;">The department informed that the investigation was conducted after National Consumer Forum informed of finding health hazard chemical in the plastic tube of the lollipop.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'image' => '20160621032823_lollipop.jpg',
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		'Article' => array(
			'id' => '3809',
			'article_category_id' => '1',
			'title' => 'Kaski and Kamana Development Bank Starts Joint Operation',
			'sub_title' => '',
			'summary' => 'June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20.',
			'content' => '<p>June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20. &quot;Merger is the best alternative for banks to be strong and competitive,&quot; says Governor Nepal. The merged entity has started its operation in the name of Kamana Development Bank.</p>

<p>After the merger, the paid- up capital of the bank has totaled Rs 661.6 million. According to Toya Raj Adhikari,CEO of the bank, the bank has Rs 6.83 billion in deposits and Rs 5.93 billion in loans. Similarly, the bank will be providing services to around 75,000 customers through 21 branches and 9 ATM counters. &ldquo;The company aims to expand its branch network in various locations including Kathmandu Valley shortly,&rdquo; informs Adhikari.</p>

<p>Likewise, the bank formed after merger has Rajendra Nidhi Koirala as Chairman, Toya Raj Adhikari as CEO and Umesh Kumar Acharya as the Deputy CEO.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'image' => '20160621120155_kamana.jpg',
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			'id' => '3808',
			'article_category_id' => '1',
			'title' => 'Yeti Devt Bank supports Balsarathi Centre',
			'sub_title' => '',
			'summary' => 'June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. ',
			'content' => '<p>June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. Amid a program organised on June 20, Sagar Sharma, CEO of the bank handed over the amount to Bala Kharel, Director of the organisation. The bank committed to continue such support under its CRS activities in upcoming days as well. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3641',
			'image' => '20160621113624_yeti.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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		'Article' => array(
			'id' => '3807',
			'article_category_id' => '1',
			'title' => 'Muktinath Devt Bank Starts Branch at Ramapur Colony',
			'sub_title' => '',
			'summary' => 'June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location.',
			'content' => '<p>June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location. On the occasion, the bank provided admiration letter and cash prize of Rs 15,555 to Samikchya Subedi, the topper of recently published SLC result of 2072. Similarly, the bank also provided appreciation letter to Shree Sungava Public Higher Secondary School. Currently, the bank is providing financial services through 29 branches, 17 limited banking and 3 extension counters along with 41 micro-finance offices.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3640',
			'image' => '20160621112549_muktinath.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3806',
			'article_category_id' => '1',
			'title' => 'Century Bank Starts Visa Credit Card Services',
			'sub_title' => '',
			'summary' => 'June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from   31 branches, 28 ATMs, 8 branchless banking and 3 extension counters. ',
			'content' => '<p>June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from &nbsp;&nbsp;31 branches, 28 ATMs, 8 branchless banking and 3 extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3639',
			'image' => '20160621111404_century.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3805',
			'article_category_id' => '1',
			'title' => 'King’s College to Host International Conference on Social Entrepreneurship',
			'sub_title' => '',
			'summary' => 'June 20: King’s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.',
			'content' => '<p style="text-align:justify">June 21:King&rsquo;s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.</p>

<p style="text-align:justify">According to the organisers, the conference will highlight the stories of entrepreneurs behind more than 30 social ventures. The conference will also feature seven acclaimed speakers from around the world, and will serve as a platform for anyone looking for networking opportunities to develop and grow in the field of Social entrepreneurship.</p>

<p style="text-align:justify">&ldquo;The conference, with the theme of &ldquo;Rebuilding Nepal through Social Entrepreneurship&rdquo; will focus on how entrepreneurship in general and social entrepreneurship in particular can contribute to the much-needed rebuilding efforts in the aftermath of the devastating Earthquake,&rdquo; informs the King&rsquo; College issuing a press statement..</p>

<p style="text-align:justify">&ldquo;Our aim is to bring together organisations and individuals who have been instrumental in helping develop social entrepreneurship in Nepal and the South Asia region,&rdquo; says&nbsp; Narottam Aryal, Exeutive Director at King&rsquo;s College speaking at the program.</p>

<p style="text-align:justify">The conference is supported by iCapital, One To Watch, SEA Center, Daayitwa Foundatiion, Kathmandu University Incubation Center, Change Fusion, Biruwa Ventures, Facts Nepal, Antarprerana, Monon, IME Remit, Ideas and Solutions, Industrial Enterprise Development Institute (IEDI) and the Ministry of Industry.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3638',
			'image' => '20160621103411_kings college.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3804',
			'article_category_id' => '1',
			'title' => 'Dibyashwari Hydropower to Issue 396,000units of IPO',
			'sub_title' => '',
			'summary' => 'June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.',
			'content' => '<p style="text-align: justify;">June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.</p>

<p style="text-align: justify;">Interest investors can apply for minimum of 50 units of shares and maximum of 1000 units of shares which is priced Rs 100 per share. The company will close the issuance on June 30 with possible extension till July 11. After the IPO, the paid-up capital of the company will totalled Rs 264 million.</p>

<p style="text-align: justify;">The IPO has obtained ICRA Grade 4 rating from ICRA Nepal. The grade indicates of below average fundamentals of the issue. ACE Capital Ltd has been appointed as an issue manager by the company. Similarly, it has been informed that interested investors can apply for the IPO from Tribeni Development Bank, Excel Development Bank, Everest Finance. Moreover the investors can also apply from Garima Development Bank, Malika Development Bank, Mahakali Devleopment Bank. , Ace Capital Ltd and various branches of Ace Development Bank.</p>
',
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			'created' => '2016-06-20',
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			'description' => '',
			'sortorder' => '3637',
			'image' => '20160620030904_diba.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3803',
			'article_category_id' => '1',
			'title' => 'Hero brings Paisa Ko Barsha Offer',
			'sub_title' => '',
			'summary' => 'June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled “Paisa Ko Barsha.”',
			'content' => '<p style="text-align: justify;">June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled &ldquo;Paisa Ko Barsha.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the company informed that the offer is available for its scooter range, including the Dash, the Duet and the Pleasure. The company is providing a sure-shot cash discount and bike cover with every purchase of any Hero scooter. Along with this, the company is also providing an once-in-a-lifetime opportunity for getting featured in upcoming Hero advertisements.</p>

<p style="text-align: justify;">The offer is running at NGM Hero dealer outlets across Nepal for a limited period.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3636',
			'image' => '20160620024614_hero.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3802',
			'article_category_id' => '1',
			'title' => 'Arghakanchi Cement Celebrates Successful Anniversary',
			'sub_title' => '',
			'summary' => 'June 20:  Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.',
			'content' => '<p>June 20: &nbsp;Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.</p>

<p>Promoter groups, dealers, engineers, contractors and high ranking government officials were present in the program. According to the company, it is one of the top producers in Nepal that produces high quantity OPC cement through a single mill. The company located in Mainahiya VDC of Bhairahawa has its own limestone mine and also produces clinker. The company is producing around 1,200 metric ton cement (24,000 sacks) daily.</p>

<p>&nbsp;Speaking at the anniversary program, Pashupati Murarka, Director of the &nbsp;Arghakanchi Cement said that company aims to produce 60,000 sacks per day in coming one and half year.</p>
',
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			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3635',
			'image' => '20160620024318_argha.jpg',
			'article_date' => '2016-06-20 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3801',
			'article_category_id' => '1',
			'title' => 'NT to Finalise International Bandwidth Deal with China',
			'sub_title' => '',
			'summary' => 'June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.',
			'content' => '<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Under the project agreement, successful trial of set devices has also been completed. Deputy Spokesperson of NT, Dilli Prasad Adhikari informs that NT has set target of sealing the deal within mid-July 2016. &ldquo;Legal teams of both sides are studying the matter. Bandwidth will be commercially imported from China shortly,&rdquo; he says.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Along with it, NT has become the first service provider to access fibre connectivity through Chinese path. The connectivity has also ended Indian monopoly on international bandwidth in Nepal. The to-be purchased bandwidth from China will be cheaper than the bandwidth purchased from India. Moreover, internet charge will decline in Nepal due to the competition between the bandwidths. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Commercial deal with China is expected to reduce internet charges in Nepal, says Adhikari. He also informs that Chinese bandwidth entering Nepal will not be impacted by the banning of websites including Google and Facebook in China. &ldquo;Only Chinese path is being used for importing bandwidth. The international bandwidth will be purchased from Hong Kong that has global IT transit,&rdquo; he explains. Operation of fibre network from north will increase the quality of internet services and decrease the latency period. It will significantly decrease outgoing amount spent for the purchase of international bandwidth by Nepal.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">As internet service providers do not have their own network to reach worldwide digital network, they purchase bandwidth from international wholesaler service providers. Even though it is impossible to end dependency on international bandwidth, such dependency can be drastically reduced by producing &lsquo;Local content&rsquo;, says experts of IT sector. &nbsp;Bandwidth is the service capacity that a user gets in a fixed amount of time. In Nepal, with the increase in internet users, service providers also increase link capacity of the bandwidth. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Presently, the international bandwidth cost USD 30-40 per MBPS which was USD 400 in 2010. The bandwidth price cost USD 4-5 per MBPS per month in UK and USA. Similarly, it cost USD 8 in Singapore. According to Adhikari, NT spends Rs 600-700 million per month for the purchase of international bandwidth. He also informs that NT consumes 50 percent of total bandwidth imported in Nepal. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">NT has laid 90 KM optical fibre from Kathmandu via Galchi of Dhading, Dunche of Rasuwa to Rasuwagadhi, border of China. After connecting the optical fibre on last mid-June, technical teams of both countries had concluded fibre testing.</span></span></p>
',
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			'sortorder' => '3634',
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			'article_date' => '2016-06-20 00:00:00',
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		'Article' => array(
			'id' => '3815',
			'article_category_id' => '1',
			'title' => 'Nabil Supports Visually Impaired Students',
			'sub_title' => '',
			'summary' => 'June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh. ',
			'content' => '<p>June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh.&nbsp;</p>
',
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			'created' => '2016-06-22',
			'modified' => '2016-06-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3648',
			'image' => '20160622115314_nabil.jpg',
			'article_date' => '2016-06-22 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3814',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Business Universal Development Bank Start Joint Operations ',
			'sub_title' => '',
			'summary' => 'June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. “The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,” informs the bank in a press statement.',
			'content' => '<p style="text-align: justify;">June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. &ldquo;The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,&rdquo; informs the bank in a press statement.</p>

<p style="text-align: justify;">&ldquo;Following the merger the bank&rsquo;s paid up capital has reached a total of Rs 3.02 billion,&rdquo; reads the statement. &ldquo;As of June 20, 2016, the bank has been able to create a combined deposit portfolio of Rs 62.10 billion, credit portfolio of Rs 53.64 billion, a profit before bonus and tax of Rs 1.90 billion and a net profit of Rs 1.16 billion,&rdquo; informs the statement.</p>

<p style="text-align: justify;">After the merger, the bank will provide banking products and services through 69 branches, 81 ATMs and 65 branchless banking locations.&nbsp;</p>
',
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			'created' => '2016-06-22',
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			'sortorder' => '3647',
			'image' => '20160622114143_sidd.jpg',
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			'id' => '3813',
			'article_category_id' => '1',
			'title' => '4 Models of Panasonic Launched in Nepal ',
			'sub_title' => '',
			'summary' => 'June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark.',
			'content' => '<p>June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark<strong>.</strong></p>

<p>&nbsp;&ldquo;This series of budget smart phones are targeted mainly to new SLC pass-out students, and with attractive price range, these new series will surely catch youngsters&#39; eyes,&rdquo; said Manish Rajbhandari, MD of Allied Trade Link International.</p>

<p>Running on Android 6.0 Marshmallow Panasonic T44 comes with 4 inch display. Powered by quad-core processor, T44 has 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front camera and 2400 mAh battery capacity. Available in champagne gold and electric blue color, the market price of this smartphone is tagged Rs 6,990.</p>

<p>Similarly, powered by quad-core processor, Panasonic P50 comes with 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front facing camera and 1600 mAh battery. Panasonic T50 has 4.5 inch display, operates on Android 5.1 Lollipop along with 3G connectivity. Available in champagne gold and dark blue color, the market price of T50 is tagged Rs 8,490.</p>

<p>Panasonic Arc sports 4.7 inch HD IPS 2.5D curved display running on Android 5.1 Lollipop. It supports 4G connectivity. Powered by quad-core qualcomm snapdragon processor, this new Panasonic smartphone boasts 2 GB RAM, 16 GB internal memory, 8MP AF back camera with flash, 5MP front Camera, fingerprint sensor, IR sensor and 1800 mAh battery with quick charge feature. Available in gold color, the market price of this phone is tagged Rs 19,990.</p>

<p>Similarly, Panasonic Mark comes with 5.5 inch screen. Running on Android Lollipop, this smartphone is powered by 1.5 GHz octa-core qualcomm snapdragon processor. The phone also features 2 GB RAM, 16 GB internal memory, 13MP back camera with flash, 5MP front camera, fingerprint sensor, 2500 mAh battery with quick charge. Finally, the phone has the price tag of Rs 21,990.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 3 => array(
		'Article' => array(
			'id' => '3812',
			'article_category_id' => '1',
			'title' => 'Parliament Returns BAFIA Bill to Finance Committee',
			'sub_title' => '',
			'summary' => 'June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for re-consideration. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors.',
			'content' => '<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for review. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors. &nbsp;Stakeholders had criticised the bill due to possible havoc that might be created in banking sector if the bill gets endorsed at present form. According to the stakeholders, if the bill gets endorsed as it is, small investors will suffer and big investors will dominate the market. They had also expressed their concern on long-term tenure of chairman and directors as well, as there is potential risk of manipulation, if the same individual reigns in the post for the long period. The preliminary draft of the bill had set two years tenure for the Chairman and Director of the bank fore-sighting the risks. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">However, Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to Finance Committee. The Finance Committee has passed the bill including the recommendation of the Sub-Committee. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">The bill has been criticised for including provision where individuals who were taken action for acting against business discipline can also become directors of BFIs. Similarly, it also includes provisions of eternal appointment of bank directors and Chairman and has increased the tenure of CEO from 4 years to 5 years.</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">Likewise, the Sub-Committee has also recommended of removing a provision that bars individual from having any top position in the BFIs who owns above 50 percent ownership in any firm or company operating business taking loan from any BFIs. But now, a path has been opened for the committee to submit the bill with required modifications after re-discussion. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>
',
			'published' => true,
			'created' => '2016-06-22',
			'modified' => '2016-06-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3645',
			'image' => '20160622112100_BAFIA.jpg',
			'article_date' => '2016-06-22 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '3811',
			'article_category_id' => '1',
			'title' => 'Evidence Reveals Pande Duo’s Irregularities',
			'sub_title' => '',
			'summary' => 'June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. ',
			'content' => '<p>June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. The detail report on Polymer scandal proves the ill intentions of Prithvi Bahadur Pande , the then Director of Himalayan Bank, his brother Himalaya Pandey, former Nepal Rastra Bank (NRB) Governor Dr Tilak Rawal, Chief Currency Officer of NRB Upendra Keshari Poudyal along with high officials of Note Printing Australia (NPA).</p>

<p>The report forwarded by Attorney General of Australia has reached Kathmandu District Court after going through Ministry of Law, Nepal Rastra Bank and Attorney General for Nepal&rsquo;s Office. However, it is a mystery that the file has not been submitted to the Supreme Court even one year after the Supreme Court ordered the district court to submit the file.</p>

<p>According to the documents, the printing of polymer notes procedure took a pace after Steven Wong, Marketing Manager of NPA met Himalaya in 1999. After finalising on commission of the agent and other related details, official agreement on agency agreement was made between Pande brothers&rsquo; Mayflower Pvt Ltd and NPA.&nbsp; As per the agreement, commission rate of 9.09 percent was fixed on the sales price.</p>

<p>The investigation of AFP has shown that the Pandeys used the commission amount for bribing related officials of the Nepal government. AFP has presented detail description report of emails, fax, telephone and teleconference between NPA officials, NPA officials and Pandes along with others.</p>

<p>AFP requested bank account reports and travelling reports of people involved in the scandal including the agent Mayflower along with the business record of NRB in order to collect evidence to proceed the legal actions. The request was successively passed from Ministry of Foreign Affairs to Ministry of Law to the Kathmandu District Court. Later, Kathmandu District Court ordered to provide those reports to Australia. Meanwhile, NRB had also issued circular to all banks to act accordingly.</p>

<p>But later Prithvi Bahadur Pande and Upendra Keshari Poudyal submitted a writ petition on Mangsir 2071 in the Supreme Court citing that it would be inappropriate to provide bank details of Nepali citizen to foreign organisation. The Supreme Court had asked the district court to submit the file on 2072 Jestha 18. However, the file has not reached the Supreme Court even after one year thus postponing the hearing. Similarly, a complaint was also registered in CIAA regarding the case but due to the case being sub judice, the CIAA decided to withhold the investigation.</p>

<p>As per the documents discovered by Aarthik Abhiyan, NPA had submitted proposal for printing and supply of polymer notes of Rs 10 denomination in 2000, January 12. After that, Upendra Keshari Poudyal asked for note printing quotation from NPA Marketing Manager Steven Young in February 16. &nbsp;Young then sent quotation price of printing 20- 50 million units of notes. According to the quotation, for 20 million units of notes, the company quoted a cost of 77 Australian Dollar per 1,000 units. Similarly, for 30 million the quoted price was AUD 73 per 1,000 units, 40 million units at AUD 70 per 1,000 units and 50 million units at AUD 68 per 1,000 units. The amount included agent commission as well, but a confidential fax obtained by the Australian Police sent by Young to NPA CEO John Leckenby revealed that the Nepali agent demanded to raise the quotation price by AUD 4 per 1,000 units to &lsquo;serving others.&rsquo; AFP claimed that the fax has proved corrupt relationship between NPA, Agents Pandeys and NRB officials.</p>

<p>Answering the fax, Leckenby sent an email to Wong pointing out the possible consideration as demanded by Nepali agents. The documents also mentioned that after the email, discussion between NPA Officials, the then Australian Ambassador for Nepal Konri, former Governor Tilak Rawal, NRB&rsquo;s Currency Department Head Upendra Poudyal and other bureaucrats. In the same year, Wong sent an email at the Hotmail account of Prithvi Pande on October 9 and stated that he used code for words and numbers due to the low security of Hotmail service. It is assumed that the email contains commission rate to be distributed among the agents.</p>

<p>However, on 2002 March 5, NPA official Wong sent an email to Finance Department Head of NPA Rey Kukk that mentioned Upendra Poudyal is positive on not mentioning the names of agents in the official documents as per the demand of Nepali agents. It clearly shows the intention of camouflaging commission by showing direct deal between NPA and NRB.</p>

<p>On March 15 of the same year, NPA submitted quotation to NRB for 50 million units notes with AUD 72 for per 1000 units of notes. However, the quotation submitted by NPA to NRB on 2000 mentioned AUD 68 per 1,000 units notes.</p>

<p>The tender was opened on 19 March. However, NRB decided to retender citing insufficient proposals received. Later, NPA again submitted its tender on April 19, 2002 which was awarded to the company.</p>

<p>After that, NRB made payment of AUD 3.56 million between 5 December 2002 to 28 March 2003. Similarly, NPA paid its agents Himalaya and Prithvi Pandey AUD 330,043 between 17 October 2002 to 14 April 2003. The investigation of Australian Police found that the amount was used by Himalaya Pandey to make payments to various individuals from his account at Citi Bank Australia on various dates.</p>

<p style="text-align:justify">Meanwhile, the then CEO of NPA John Leckenby, Corporate Service Manager Peter Hutchinson, Business Development Manager Barry Thomas Brady and Asia Pacific Marketing Manager Steven Kim Chou Wong are facing court case in Australia.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np1%282%29%281%29.jpg" style="height:1042px; width:700px" /></p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np%202.jpg" style="height:1640px; width:700px" /></p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3644',
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	(int) 5 => array(
		'Article' => array(
			'id' => '3810',
			'article_category_id' => '1',
			'title' => 'Production and Sales distribution of Lollipop banned',
			'sub_title' => '',
			'summary' => 'June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the  production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.',
			'content' => '<p style="text-align: justify;">June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the&nbsp; production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.</p>

<p style="text-align: justify;">Issuing a press release the department informed that the production and sales distribution of lollipop produced by Asian Biscuit and Confectionery Dubahi, Sunsari was banned.</p>

<p style="text-align: justify;">The department informed that the investigation was conducted after National Consumer Forum informed of finding health hazard chemical in the plastic tube of the lollipop.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3643',
			'image' => '20160621032823_lollipop.jpg',
			'article_date' => '2016-06-21 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3809',
			'article_category_id' => '1',
			'title' => 'Kaski and Kamana Development Bank Starts Joint Operation',
			'sub_title' => '',
			'summary' => 'June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20.',
			'content' => '<p>June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20. &quot;Merger is the best alternative for banks to be strong and competitive,&quot; says Governor Nepal. The merged entity has started its operation in the name of Kamana Development Bank.</p>

<p>After the merger, the paid- up capital of the bank has totaled Rs 661.6 million. According to Toya Raj Adhikari,CEO of the bank, the bank has Rs 6.83 billion in deposits and Rs 5.93 billion in loans. Similarly, the bank will be providing services to around 75,000 customers through 21 branches and 9 ATM counters. &ldquo;The company aims to expand its branch network in various locations including Kathmandu Valley shortly,&rdquo; informs Adhikari.</p>

<p>Likewise, the bank formed after merger has Rajendra Nidhi Koirala as Chairman, Toya Raj Adhikari as CEO and Umesh Kumar Acharya as the Deputy CEO.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3642',
			'image' => '20160621120155_kamana.jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3808',
			'article_category_id' => '1',
			'title' => 'Yeti Devt Bank supports Balsarathi Centre',
			'sub_title' => '',
			'summary' => 'June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. ',
			'content' => '<p>June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. Amid a program organised on June 20, Sagar Sharma, CEO of the bank handed over the amount to Bala Kharel, Director of the organisation. The bank committed to continue such support under its CRS activities in upcoming days as well. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3641',
			'image' => '20160621113624_yeti.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3807',
			'article_category_id' => '1',
			'title' => 'Muktinath Devt Bank Starts Branch at Ramapur Colony',
			'sub_title' => '',
			'summary' => 'June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location.',
			'content' => '<p>June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location. On the occasion, the bank provided admiration letter and cash prize of Rs 15,555 to Samikchya Subedi, the topper of recently published SLC result of 2072. Similarly, the bank also provided appreciation letter to Shree Sungava Public Higher Secondary School. Currently, the bank is providing financial services through 29 branches, 17 limited banking and 3 extension counters along with 41 micro-finance offices.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3640',
			'image' => '20160621112549_muktinath.jpg',
			'article_date' => '2016-06-21 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3806',
			'article_category_id' => '1',
			'title' => 'Century Bank Starts Visa Credit Card Services',
			'sub_title' => '',
			'summary' => 'June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from   31 branches, 28 ATMs, 8 branchless banking and 3 extension counters. ',
			'content' => '<p>June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from &nbsp;&nbsp;31 branches, 28 ATMs, 8 branchless banking and 3 extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3639',
			'image' => '20160621111404_century.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3805',
			'article_category_id' => '1',
			'title' => 'King’s College to Host International Conference on Social Entrepreneurship',
			'sub_title' => '',
			'summary' => 'June 20: King’s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.',
			'content' => '<p style="text-align:justify">June 21:King&rsquo;s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.</p>

<p style="text-align:justify">According to the organisers, the conference will highlight the stories of entrepreneurs behind more than 30 social ventures. The conference will also feature seven acclaimed speakers from around the world, and will serve as a platform for anyone looking for networking opportunities to develop and grow in the field of Social entrepreneurship.</p>

<p style="text-align:justify">&ldquo;The conference, with the theme of &ldquo;Rebuilding Nepal through Social Entrepreneurship&rdquo; will focus on how entrepreneurship in general and social entrepreneurship in particular can contribute to the much-needed rebuilding efforts in the aftermath of the devastating Earthquake,&rdquo; informs the King&rsquo; College issuing a press statement..</p>

<p style="text-align:justify">&ldquo;Our aim is to bring together organisations and individuals who have been instrumental in helping develop social entrepreneurship in Nepal and the South Asia region,&rdquo; says&nbsp; Narottam Aryal, Exeutive Director at King&rsquo;s College speaking at the program.</p>

<p style="text-align:justify">The conference is supported by iCapital, One To Watch, SEA Center, Daayitwa Foundatiion, Kathmandu University Incubation Center, Change Fusion, Biruwa Ventures, Facts Nepal, Antarprerana, Monon, IME Remit, Ideas and Solutions, Industrial Enterprise Development Institute (IEDI) and the Ministry of Industry.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3638',
			'image' => '20160621103411_kings college.jpg',
			'article_date' => '2016-06-20 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3804',
			'article_category_id' => '1',
			'title' => 'Dibyashwari Hydropower to Issue 396,000units of IPO',
			'sub_title' => '',
			'summary' => 'June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.',
			'content' => '<p style="text-align: justify;">June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.</p>

<p style="text-align: justify;">Interest investors can apply for minimum of 50 units of shares and maximum of 1000 units of shares which is priced Rs 100 per share. The company will close the issuance on June 30 with possible extension till July 11. After the IPO, the paid-up capital of the company will totalled Rs 264 million.</p>

<p style="text-align: justify;">The IPO has obtained ICRA Grade 4 rating from ICRA Nepal. The grade indicates of below average fundamentals of the issue. ACE Capital Ltd has been appointed as an issue manager by the company. Similarly, it has been informed that interested investors can apply for the IPO from Tribeni Development Bank, Excel Development Bank, Everest Finance. Moreover the investors can also apply from Garima Development Bank, Malika Development Bank, Mahakali Devleopment Bank. , Ace Capital Ltd and various branches of Ace Development Bank.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3637',
			'image' => '20160620030904_diba.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3803',
			'article_category_id' => '1',
			'title' => 'Hero brings Paisa Ko Barsha Offer',
			'sub_title' => '',
			'summary' => 'June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled “Paisa Ko Barsha.”',
			'content' => '<p style="text-align: justify;">June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled &ldquo;Paisa Ko Barsha.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the company informed that the offer is available for its scooter range, including the Dash, the Duet and the Pleasure. The company is providing a sure-shot cash discount and bike cover with every purchase of any Hero scooter. Along with this, the company is also providing an once-in-a-lifetime opportunity for getting featured in upcoming Hero advertisements.</p>

<p style="text-align: justify;">The offer is running at NGM Hero dealer outlets across Nepal for a limited period.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3636',
			'image' => '20160620024614_hero.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3802',
			'article_category_id' => '1',
			'title' => 'Arghakanchi Cement Celebrates Successful Anniversary',
			'sub_title' => '',
			'summary' => 'June 20:  Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.',
			'content' => '<p>June 20: &nbsp;Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.</p>

<p>Promoter groups, dealers, engineers, contractors and high ranking government officials were present in the program. According to the company, it is one of the top producers in Nepal that produces high quantity OPC cement through a single mill. The company located in Mainahiya VDC of Bhairahawa has its own limestone mine and also produces clinker. The company is producing around 1,200 metric ton cement (24,000 sacks) daily.</p>

<p>&nbsp;Speaking at the anniversary program, Pashupati Murarka, Director of the &nbsp;Arghakanchi Cement said that company aims to produce 60,000 sacks per day in coming one and half year.</p>
',
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			'id' => '3801',
			'article_category_id' => '1',
			'title' => 'NT to Finalise International Bandwidth Deal with China',
			'sub_title' => '',
			'summary' => 'June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.',
			'content' => '<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Under the project agreement, successful trial of set devices has also been completed. Deputy Spokesperson of NT, Dilli Prasad Adhikari informs that NT has set target of sealing the deal within mid-July 2016. &ldquo;Legal teams of both sides are studying the matter. Bandwidth will be commercially imported from China shortly,&rdquo; he says.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Along with it, NT has become the first service provider to access fibre connectivity through Chinese path. The connectivity has also ended Indian monopoly on international bandwidth in Nepal. The to-be purchased bandwidth from China will be cheaper than the bandwidth purchased from India. Moreover, internet charge will decline in Nepal due to the competition between the bandwidths. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Commercial deal with China is expected to reduce internet charges in Nepal, says Adhikari. He also informs that Chinese bandwidth entering Nepal will not be impacted by the banning of websites including Google and Facebook in China. &ldquo;Only Chinese path is being used for importing bandwidth. The international bandwidth will be purchased from Hong Kong that has global IT transit,&rdquo; he explains. Operation of fibre network from north will increase the quality of internet services and decrease the latency period. It will significantly decrease outgoing amount spent for the purchase of international bandwidth by Nepal.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">As internet service providers do not have their own network to reach worldwide digital network, they purchase bandwidth from international wholesaler service providers. Even though it is impossible to end dependency on international bandwidth, such dependency can be drastically reduced by producing &lsquo;Local content&rsquo;, says experts of IT sector. &nbsp;Bandwidth is the service capacity that a user gets in a fixed amount of time. In Nepal, with the increase in internet users, service providers also increase link capacity of the bandwidth. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Presently, the international bandwidth cost USD 30-40 per MBPS which was USD 400 in 2010. The bandwidth price cost USD 4-5 per MBPS per month in UK and USA. Similarly, it cost USD 8 in Singapore. According to Adhikari, NT spends Rs 600-700 million per month for the purchase of international bandwidth. He also informs that NT consumes 50 percent of total bandwidth imported in Nepal. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">NT has laid 90 KM optical fibre from Kathmandu via Galchi of Dhading, Dunche of Rasuwa to Rasuwagadhi, border of China. After connecting the optical fibre on last mid-June, technical teams of both countries had concluded fibre testing.</span></span></p>
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			'id' => '3815',
			'article_category_id' => '1',
			'title' => 'Nabil Supports Visually Impaired Students',
			'sub_title' => '',
			'summary' => 'June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh. ',
			'content' => '<p>June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh.&nbsp;</p>
',
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			'created' => '2016-06-22',
			'modified' => '2016-06-22',
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			'sortorder' => '3648',
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			'id' => '3814',
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			'title' => 'Siddhartha Bank and Business Universal Development Bank Start Joint Operations ',
			'sub_title' => '',
			'summary' => 'June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. “The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,” informs the bank in a press statement.',
			'content' => '<p style="text-align: justify;">June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. &ldquo;The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,&rdquo; informs the bank in a press statement.</p>

<p style="text-align: justify;">&ldquo;Following the merger the bank&rsquo;s paid up capital has reached a total of Rs 3.02 billion,&rdquo; reads the statement. &ldquo;As of June 20, 2016, the bank has been able to create a combined deposit portfolio of Rs 62.10 billion, credit portfolio of Rs 53.64 billion, a profit before bonus and tax of Rs 1.90 billion and a net profit of Rs 1.16 billion,&rdquo; informs the statement.</p>

<p style="text-align: justify;">After the merger, the bank will provide banking products and services through 69 branches, 81 ATMs and 65 branchless banking locations.&nbsp;</p>
',
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			'sortorder' => '3647',
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			'id' => '3813',
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			'title' => '4 Models of Panasonic Launched in Nepal ',
			'sub_title' => '',
			'summary' => 'June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark.',
			'content' => '<p>June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark<strong>.</strong></p>

<p>&nbsp;&ldquo;This series of budget smart phones are targeted mainly to new SLC pass-out students, and with attractive price range, these new series will surely catch youngsters&#39; eyes,&rdquo; said Manish Rajbhandari, MD of Allied Trade Link International.</p>

<p>Running on Android 6.0 Marshmallow Panasonic T44 comes with 4 inch display. Powered by quad-core processor, T44 has 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front camera and 2400 mAh battery capacity. Available in champagne gold and electric blue color, the market price of this smartphone is tagged Rs 6,990.</p>

<p>Similarly, powered by quad-core processor, Panasonic P50 comes with 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front facing camera and 1600 mAh battery. Panasonic T50 has 4.5 inch display, operates on Android 5.1 Lollipop along with 3G connectivity. Available in champagne gold and dark blue color, the market price of T50 is tagged Rs 8,490.</p>

<p>Panasonic Arc sports 4.7 inch HD IPS 2.5D curved display running on Android 5.1 Lollipop. It supports 4G connectivity. Powered by quad-core qualcomm snapdragon processor, this new Panasonic smartphone boasts 2 GB RAM, 16 GB internal memory, 8MP AF back camera with flash, 5MP front Camera, fingerprint sensor, IR sensor and 1800 mAh battery with quick charge feature. Available in gold color, the market price of this phone is tagged Rs 19,990.</p>

<p>Similarly, Panasonic Mark comes with 5.5 inch screen. Running on Android Lollipop, this smartphone is powered by 1.5 GHz octa-core qualcomm snapdragon processor. The phone also features 2 GB RAM, 16 GB internal memory, 13MP back camera with flash, 5MP front camera, fingerprint sensor, 2500 mAh battery with quick charge. Finally, the phone has the price tag of Rs 21,990.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '3812',
			'article_category_id' => '1',
			'title' => 'Parliament Returns BAFIA Bill to Finance Committee',
			'sub_title' => '',
			'summary' => 'June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for re-consideration. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors.',
			'content' => '<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for review. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors. &nbsp;Stakeholders had criticised the bill due to possible havoc that might be created in banking sector if the bill gets endorsed at present form. According to the stakeholders, if the bill gets endorsed as it is, small investors will suffer and big investors will dominate the market. They had also expressed their concern on long-term tenure of chairman and directors as well, as there is potential risk of manipulation, if the same individual reigns in the post for the long period. The preliminary draft of the bill had set two years tenure for the Chairman and Director of the bank fore-sighting the risks. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">However, Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to Finance Committee. The Finance Committee has passed the bill including the recommendation of the Sub-Committee. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">The bill has been criticised for including provision where individuals who were taken action for acting against business discipline can also become directors of BFIs. Similarly, it also includes provisions of eternal appointment of bank directors and Chairman and has increased the tenure of CEO from 4 years to 5 years.</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">Likewise, the Sub-Committee has also recommended of removing a provision that bars individual from having any top position in the BFIs who owns above 50 percent ownership in any firm or company operating business taking loan from any BFIs. But now, a path has been opened for the committee to submit the bill with required modifications after re-discussion. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>
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			'sortorder' => '3645',
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			'id' => '3811',
			'article_category_id' => '1',
			'title' => 'Evidence Reveals Pande Duo’s Irregularities',
			'sub_title' => '',
			'summary' => 'June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. ',
			'content' => '<p>June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. The detail report on Polymer scandal proves the ill intentions of Prithvi Bahadur Pande , the then Director of Himalayan Bank, his brother Himalaya Pandey, former Nepal Rastra Bank (NRB) Governor Dr Tilak Rawal, Chief Currency Officer of NRB Upendra Keshari Poudyal along with high officials of Note Printing Australia (NPA).</p>

<p>The report forwarded by Attorney General of Australia has reached Kathmandu District Court after going through Ministry of Law, Nepal Rastra Bank and Attorney General for Nepal&rsquo;s Office. However, it is a mystery that the file has not been submitted to the Supreme Court even one year after the Supreme Court ordered the district court to submit the file.</p>

<p>According to the documents, the printing of polymer notes procedure took a pace after Steven Wong, Marketing Manager of NPA met Himalaya in 1999. After finalising on commission of the agent and other related details, official agreement on agency agreement was made between Pande brothers&rsquo; Mayflower Pvt Ltd and NPA.&nbsp; As per the agreement, commission rate of 9.09 percent was fixed on the sales price.</p>

<p>The investigation of AFP has shown that the Pandeys used the commission amount for bribing related officials of the Nepal government. AFP has presented detail description report of emails, fax, telephone and teleconference between NPA officials, NPA officials and Pandes along with others.</p>

<p>AFP requested bank account reports and travelling reports of people involved in the scandal including the agent Mayflower along with the business record of NRB in order to collect evidence to proceed the legal actions. The request was successively passed from Ministry of Foreign Affairs to Ministry of Law to the Kathmandu District Court. Later, Kathmandu District Court ordered to provide those reports to Australia. Meanwhile, NRB had also issued circular to all banks to act accordingly.</p>

<p>But later Prithvi Bahadur Pande and Upendra Keshari Poudyal submitted a writ petition on Mangsir 2071 in the Supreme Court citing that it would be inappropriate to provide bank details of Nepali citizen to foreign organisation. The Supreme Court had asked the district court to submit the file on 2072 Jestha 18. However, the file has not reached the Supreme Court even after one year thus postponing the hearing. Similarly, a complaint was also registered in CIAA regarding the case but due to the case being sub judice, the CIAA decided to withhold the investigation.</p>

<p>As per the documents discovered by Aarthik Abhiyan, NPA had submitted proposal for printing and supply of polymer notes of Rs 10 denomination in 2000, January 12. After that, Upendra Keshari Poudyal asked for note printing quotation from NPA Marketing Manager Steven Young in February 16. &nbsp;Young then sent quotation price of printing 20- 50 million units of notes. According to the quotation, for 20 million units of notes, the company quoted a cost of 77 Australian Dollar per 1,000 units. Similarly, for 30 million the quoted price was AUD 73 per 1,000 units, 40 million units at AUD 70 per 1,000 units and 50 million units at AUD 68 per 1,000 units. The amount included agent commission as well, but a confidential fax obtained by the Australian Police sent by Young to NPA CEO John Leckenby revealed that the Nepali agent demanded to raise the quotation price by AUD 4 per 1,000 units to &lsquo;serving others.&rsquo; AFP claimed that the fax has proved corrupt relationship between NPA, Agents Pandeys and NRB officials.</p>

<p>Answering the fax, Leckenby sent an email to Wong pointing out the possible consideration as demanded by Nepali agents. The documents also mentioned that after the email, discussion between NPA Officials, the then Australian Ambassador for Nepal Konri, former Governor Tilak Rawal, NRB&rsquo;s Currency Department Head Upendra Poudyal and other bureaucrats. In the same year, Wong sent an email at the Hotmail account of Prithvi Pande on October 9 and stated that he used code for words and numbers due to the low security of Hotmail service. It is assumed that the email contains commission rate to be distributed among the agents.</p>

<p>However, on 2002 March 5, NPA official Wong sent an email to Finance Department Head of NPA Rey Kukk that mentioned Upendra Poudyal is positive on not mentioning the names of agents in the official documents as per the demand of Nepali agents. It clearly shows the intention of camouflaging commission by showing direct deal between NPA and NRB.</p>

<p>On March 15 of the same year, NPA submitted quotation to NRB for 50 million units notes with AUD 72 for per 1000 units of notes. However, the quotation submitted by NPA to NRB on 2000 mentioned AUD 68 per 1,000 units notes.</p>

<p>The tender was opened on 19 March. However, NRB decided to retender citing insufficient proposals received. Later, NPA again submitted its tender on April 19, 2002 which was awarded to the company.</p>

<p>After that, NRB made payment of AUD 3.56 million between 5 December 2002 to 28 March 2003. Similarly, NPA paid its agents Himalaya and Prithvi Pandey AUD 330,043 between 17 October 2002 to 14 April 2003. The investigation of Australian Police found that the amount was used by Himalaya Pandey to make payments to various individuals from his account at Citi Bank Australia on various dates.</p>

<p style="text-align:justify">Meanwhile, the then CEO of NPA John Leckenby, Corporate Service Manager Peter Hutchinson, Business Development Manager Barry Thomas Brady and Asia Pacific Marketing Manager Steven Kim Chou Wong are facing court case in Australia.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np1%282%29%281%29.jpg" style="height:1042px; width:700px" /></p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np%202.jpg" style="height:1640px; width:700px" /></p>
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			'id' => '3810',
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			'title' => 'Production and Sales distribution of Lollipop banned',
			'sub_title' => '',
			'summary' => 'June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the  production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.',
			'content' => '<p style="text-align: justify;">June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the&nbsp; production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.</p>

<p style="text-align: justify;">Issuing a press release the department informed that the production and sales distribution of lollipop produced by Asian Biscuit and Confectionery Dubahi, Sunsari was banned.</p>

<p style="text-align: justify;">The department informed that the investigation was conducted after National Consumer Forum informed of finding health hazard chemical in the plastic tube of the lollipop.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '3809',
			'article_category_id' => '1',
			'title' => 'Kaski and Kamana Development Bank Starts Joint Operation',
			'sub_title' => '',
			'summary' => 'June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20.',
			'content' => '<p>June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20. &quot;Merger is the best alternative for banks to be strong and competitive,&quot; says Governor Nepal. The merged entity has started its operation in the name of Kamana Development Bank.</p>

<p>After the merger, the paid- up capital of the bank has totaled Rs 661.6 million. According to Toya Raj Adhikari,CEO of the bank, the bank has Rs 6.83 billion in deposits and Rs 5.93 billion in loans. Similarly, the bank will be providing services to around 75,000 customers through 21 branches and 9 ATM counters. &ldquo;The company aims to expand its branch network in various locations including Kathmandu Valley shortly,&rdquo; informs Adhikari.</p>

<p>Likewise, the bank formed after merger has Rajendra Nidhi Koirala as Chairman, Toya Raj Adhikari as CEO and Umesh Kumar Acharya as the Deputy CEO.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3642',
			'image' => '20160621120155_kamana.jpg',
			'article_date' => '2016-06-21 00:00:00',
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			'id' => '3808',
			'article_category_id' => '1',
			'title' => 'Yeti Devt Bank supports Balsarathi Centre',
			'sub_title' => '',
			'summary' => 'June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. ',
			'content' => '<p>June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. Amid a program organised on June 20, Sagar Sharma, CEO of the bank handed over the amount to Bala Kharel, Director of the organisation. The bank committed to continue such support under its CRS activities in upcoming days as well. &nbsp;</p>
',
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			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3641',
			'image' => '20160621113624_yeti.jpg',
			'article_date' => '2016-06-21 00:00:00',
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		'Article' => array(
			'id' => '3807',
			'article_category_id' => '1',
			'title' => 'Muktinath Devt Bank Starts Branch at Ramapur Colony',
			'sub_title' => '',
			'summary' => 'June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location.',
			'content' => '<p>June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location. On the occasion, the bank provided admiration letter and cash prize of Rs 15,555 to Samikchya Subedi, the topper of recently published SLC result of 2072. Similarly, the bank also provided appreciation letter to Shree Sungava Public Higher Secondary School. Currently, the bank is providing financial services through 29 branches, 17 limited banking and 3 extension counters along with 41 micro-finance offices.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3640',
			'image' => '20160621112549_muktinath.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3806',
			'article_category_id' => '1',
			'title' => 'Century Bank Starts Visa Credit Card Services',
			'sub_title' => '',
			'summary' => 'June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from   31 branches, 28 ATMs, 8 branchless banking and 3 extension counters. ',
			'content' => '<p>June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from &nbsp;&nbsp;31 branches, 28 ATMs, 8 branchless banking and 3 extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3639',
			'image' => '20160621111404_century.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '3805',
			'article_category_id' => '1',
			'title' => 'King’s College to Host International Conference on Social Entrepreneurship',
			'sub_title' => '',
			'summary' => 'June 20: King’s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.',
			'content' => '<p style="text-align:justify">June 21:King&rsquo;s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.</p>

<p style="text-align:justify">According to the organisers, the conference will highlight the stories of entrepreneurs behind more than 30 social ventures. The conference will also feature seven acclaimed speakers from around the world, and will serve as a platform for anyone looking for networking opportunities to develop and grow in the field of Social entrepreneurship.</p>

<p style="text-align:justify">&ldquo;The conference, with the theme of &ldquo;Rebuilding Nepal through Social Entrepreneurship&rdquo; will focus on how entrepreneurship in general and social entrepreneurship in particular can contribute to the much-needed rebuilding efforts in the aftermath of the devastating Earthquake,&rdquo; informs the King&rsquo; College issuing a press statement..</p>

<p style="text-align:justify">&ldquo;Our aim is to bring together organisations and individuals who have been instrumental in helping develop social entrepreneurship in Nepal and the South Asia region,&rdquo; says&nbsp; Narottam Aryal, Exeutive Director at King&rsquo;s College speaking at the program.</p>

<p style="text-align:justify">The conference is supported by iCapital, One To Watch, SEA Center, Daayitwa Foundatiion, Kathmandu University Incubation Center, Change Fusion, Biruwa Ventures, Facts Nepal, Antarprerana, Monon, IME Remit, Ideas and Solutions, Industrial Enterprise Development Institute (IEDI) and the Ministry of Industry.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3638',
			'image' => '20160621103411_kings college.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3804',
			'article_category_id' => '1',
			'title' => 'Dibyashwari Hydropower to Issue 396,000units of IPO',
			'sub_title' => '',
			'summary' => 'June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.',
			'content' => '<p style="text-align: justify;">June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.</p>

<p style="text-align: justify;">Interest investors can apply for minimum of 50 units of shares and maximum of 1000 units of shares which is priced Rs 100 per share. The company will close the issuance on June 30 with possible extension till July 11. After the IPO, the paid-up capital of the company will totalled Rs 264 million.</p>

<p style="text-align: justify;">The IPO has obtained ICRA Grade 4 rating from ICRA Nepal. The grade indicates of below average fundamentals of the issue. ACE Capital Ltd has been appointed as an issue manager by the company. Similarly, it has been informed that interested investors can apply for the IPO from Tribeni Development Bank, Excel Development Bank, Everest Finance. Moreover the investors can also apply from Garima Development Bank, Malika Development Bank, Mahakali Devleopment Bank. , Ace Capital Ltd and various branches of Ace Development Bank.</p>
',
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			'created' => '2016-06-20',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3637',
			'image' => '20160620030904_diba.jpg',
			'article_date' => '2016-06-20 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3803',
			'article_category_id' => '1',
			'title' => 'Hero brings Paisa Ko Barsha Offer',
			'sub_title' => '',
			'summary' => 'June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled “Paisa Ko Barsha.”',
			'content' => '<p style="text-align: justify;">June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled &ldquo;Paisa Ko Barsha.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the company informed that the offer is available for its scooter range, including the Dash, the Duet and the Pleasure. The company is providing a sure-shot cash discount and bike cover with every purchase of any Hero scooter. Along with this, the company is also providing an once-in-a-lifetime opportunity for getting featured in upcoming Hero advertisements.</p>

<p style="text-align: justify;">The offer is running at NGM Hero dealer outlets across Nepal for a limited period.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '3636',
			'image' => '20160620024614_hero.jpg',
			'article_date' => '2016-06-20 00:00:00',
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		'Article' => array(
			'id' => '3802',
			'article_category_id' => '1',
			'title' => 'Arghakanchi Cement Celebrates Successful Anniversary',
			'sub_title' => '',
			'summary' => 'June 20:  Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.',
			'content' => '<p>June 20: &nbsp;Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.</p>

<p>Promoter groups, dealers, engineers, contractors and high ranking government officials were present in the program. According to the company, it is one of the top producers in Nepal that produces high quantity OPC cement through a single mill. The company located in Mainahiya VDC of Bhairahawa has its own limestone mine and also produces clinker. The company is producing around 1,200 metric ton cement (24,000 sacks) daily.</p>

<p>&nbsp;Speaking at the anniversary program, Pashupati Murarka, Director of the &nbsp;Arghakanchi Cement said that company aims to produce 60,000 sacks per day in coming one and half year.</p>
',
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			'created' => '2016-06-20',
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			'sortorder' => '3635',
			'image' => '20160620024318_argha.jpg',
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		'Article' => array(
			'id' => '3801',
			'article_category_id' => '1',
			'title' => 'NT to Finalise International Bandwidth Deal with China',
			'sub_title' => '',
			'summary' => 'June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.',
			'content' => '<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Under the project agreement, successful trial of set devices has also been completed. Deputy Spokesperson of NT, Dilli Prasad Adhikari informs that NT has set target of sealing the deal within mid-July 2016. &ldquo;Legal teams of both sides are studying the matter. Bandwidth will be commercially imported from China shortly,&rdquo; he says.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Along with it, NT has become the first service provider to access fibre connectivity through Chinese path. The connectivity has also ended Indian monopoly on international bandwidth in Nepal. The to-be purchased bandwidth from China will be cheaper than the bandwidth purchased from India. Moreover, internet charge will decline in Nepal due to the competition between the bandwidths. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Commercial deal with China is expected to reduce internet charges in Nepal, says Adhikari. He also informs that Chinese bandwidth entering Nepal will not be impacted by the banning of websites including Google and Facebook in China. &ldquo;Only Chinese path is being used for importing bandwidth. The international bandwidth will be purchased from Hong Kong that has global IT transit,&rdquo; he explains. Operation of fibre network from north will increase the quality of internet services and decrease the latency period. It will significantly decrease outgoing amount spent for the purchase of international bandwidth by Nepal.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">As internet service providers do not have their own network to reach worldwide digital network, they purchase bandwidth from international wholesaler service providers. Even though it is impossible to end dependency on international bandwidth, such dependency can be drastically reduced by producing &lsquo;Local content&rsquo;, says experts of IT sector. &nbsp;Bandwidth is the service capacity that a user gets in a fixed amount of time. In Nepal, with the increase in internet users, service providers also increase link capacity of the bandwidth. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Presently, the international bandwidth cost USD 30-40 per MBPS which was USD 400 in 2010. The bandwidth price cost USD 4-5 per MBPS per month in UK and USA. Similarly, it cost USD 8 in Singapore. According to Adhikari, NT spends Rs 600-700 million per month for the purchase of international bandwidth. He also informs that NT consumes 50 percent of total bandwidth imported in Nepal. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">NT has laid 90 KM optical fibre from Kathmandu via Galchi of Dhading, Dunche of Rasuwa to Rasuwagadhi, border of China. After connecting the optical fibre on last mid-June, technical teams of both countries had concluded fibre testing.</span></span></p>
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			'id' => '3815',
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			'title' => 'Nabil Supports Visually Impaired Students',
			'sub_title' => '',
			'summary' => 'June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh. ',
			'content' => '<p>June 22: Nabil Bank has supported visually impaired students as a part of its Corporate Social Responsibility (CSR) activities. According to the bank, its General Assistant Manager Ramesh Prasad Lohani distributed the white canes to 32 visually-impaired students in collaboration with Blind Help Centre Nepal and Lalitpur Netrahin Sangh.&nbsp;</p>
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			'sortorder' => '3648',
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			'id' => '3814',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank and Business Universal Development Bank Start Joint Operations ',
			'sub_title' => '',
			'summary' => 'June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. “The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,” informs the bank in a press statement.',
			'content' => '<p style="text-align: justify;">June 22: Siddhartha Bank Limited (SBL) and Business Universal Development Bank (BUDBL) have started joint operation after the merger amidst a formal ceremony on June 21. The joint operation was inaugurated by Governor of Nepal Rastra Bank, Dr Chiranjibi Nepal. &ldquo;The bank aims to serve the diverse banking and financial needs of its customers as a bigger and stronger commercial bank in the days ahead,&rdquo; informs the bank in a press statement.</p>

<p style="text-align: justify;">&ldquo;Following the merger the bank&rsquo;s paid up capital has reached a total of Rs 3.02 billion,&rdquo; reads the statement. &ldquo;As of June 20, 2016, the bank has been able to create a combined deposit portfolio of Rs 62.10 billion, credit portfolio of Rs 53.64 billion, a profit before bonus and tax of Rs 1.90 billion and a net profit of Rs 1.16 billion,&rdquo; informs the statement.</p>

<p style="text-align: justify;">After the merger, the bank will provide banking products and services through 69 branches, 81 ATMs and 65 branchless banking locations.&nbsp;</p>
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			'sortorder' => '3647',
			'image' => '20160622114143_sidd.jpg',
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			'title' => '4 Models of Panasonic Launched in Nepal ',
			'sub_title' => '',
			'summary' => 'June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark.',
			'content' => '<p>June 22: Allied Trade Link International, Authorized marketer and distributor of Panasonic mobiles in Nepal, has launched new series of Panasonic mobile phones in Nepali market. The newly launched smartphones are Panasonic T44, Panasonic T50, Panasonic Arc and Panasonic Mark<strong>.</strong></p>

<p>&nbsp;&ldquo;This series of budget smart phones are targeted mainly to new SLC pass-out students, and with attractive price range, these new series will surely catch youngsters&#39; eyes,&rdquo; said Manish Rajbhandari, MD of Allied Trade Link International.</p>

<p>Running on Android 6.0 Marshmallow Panasonic T44 comes with 4 inch display. Powered by quad-core processor, T44 has 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front camera and 2400 mAh battery capacity. Available in champagne gold and electric blue color, the market price of this smartphone is tagged Rs 6,990.</p>

<p>Similarly, powered by quad-core processor, Panasonic P50 comes with 1 GB RAM, 8 GB internal memory, 5MP rear camera with flash, 2MP front facing camera and 1600 mAh battery. Panasonic T50 has 4.5 inch display, operates on Android 5.1 Lollipop along with 3G connectivity. Available in champagne gold and dark blue color, the market price of T50 is tagged Rs 8,490.</p>

<p>Panasonic Arc sports 4.7 inch HD IPS 2.5D curved display running on Android 5.1 Lollipop. It supports 4G connectivity. Powered by quad-core qualcomm snapdragon processor, this new Panasonic smartphone boasts 2 GB RAM, 16 GB internal memory, 8MP AF back camera with flash, 5MP front Camera, fingerprint sensor, IR sensor and 1800 mAh battery with quick charge feature. Available in gold color, the market price of this phone is tagged Rs 19,990.</p>

<p>Similarly, Panasonic Mark comes with 5.5 inch screen. Running on Android Lollipop, this smartphone is powered by 1.5 GHz octa-core qualcomm snapdragon processor. The phone also features 2 GB RAM, 16 GB internal memory, 13MP back camera with flash, 5MP front camera, fingerprint sensor, 2500 mAh battery with quick charge. Finally, the phone has the price tag of Rs 21,990.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-22',
			'modified' => '2016-06-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3646',
			'image' => '20160622113454_panasonic.jpg',
			'article_date' => '2016-06-22 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '3812',
			'article_category_id' => '1',
			'title' => 'Parliament Returns BAFIA Bill to Finance Committee',
			'sub_title' => '',
			'summary' => 'June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for re-consideration. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors.',
			'content' => '<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">June 22: The meeting of Legislature-Parliament on Tuesday, June 20 has decided to send back the BAFIA bill to Finance Committee for review. The decision has arrived amid a huge criticism on inserting mechanisms that fulfil self-interest of MPs who are also bank directors. &nbsp;Stakeholders had criticised the bill due to possible havoc that might be created in banking sector if the bill gets endorsed at present form. According to the stakeholders, if the bill gets endorsed as it is, small investors will suffer and big investors will dominate the market. They had also expressed their concern on long-term tenure of chairman and directors as well, as there is potential risk of manipulation, if the same individual reigns in the post for the long period. The preliminary draft of the bill had set two years tenure for the Chairman and Director of the bank fore-sighting the risks. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">However, Sub-Committee formed under Chairmanship of MP Deepak Kuinkel submitted a report recommending removal of the provision to Finance Committee. The Finance Committee has passed the bill including the recommendation of the Sub-Committee. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">The bill has been criticised for including provision where individuals who were taken action for acting against business discipline can also become directors of BFIs. Similarly, it also includes provisions of eternal appointment of bank directors and Chairman and has increased the tenure of CEO from 4 years to 5 years.</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">Likewise, the Sub-Committee has also recommended of removing a provision that bars individual from having any top position in the BFIs who owns above 50 percent ownership in any firm or company operating business taking loan from any BFIs. But now, a path has been opened for the committee to submit the bill with required modifications after re-discussion. </span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>

<p style="text-align:justify"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:14px">&nbsp;</span></span></p>
',
			'published' => true,
			'created' => '2016-06-22',
			'modified' => '2016-06-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3645',
			'image' => '20160622112100_BAFIA.jpg',
			'article_date' => '2016-06-22 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '3811',
			'article_category_id' => '1',
			'title' => 'Evidence Reveals Pande Duo’s Irregularities',
			'sub_title' => '',
			'summary' => 'June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. ',
			'content' => '<p>June 21: Aarthik Abhiyan Daily has discovered documents that reveal massive irregularities on polymer note scandal. The documents including the investigation report of Australian Federal Police (AFP) are forwarded by Department of Attorney General of Australia to Nepal for mutual legal assistance exchange. The detail report on Polymer scandal proves the ill intentions of Prithvi Bahadur Pande , the then Director of Himalayan Bank, his brother Himalaya Pandey, former Nepal Rastra Bank (NRB) Governor Dr Tilak Rawal, Chief Currency Officer of NRB Upendra Keshari Poudyal along with high officials of Note Printing Australia (NPA).</p>

<p>The report forwarded by Attorney General of Australia has reached Kathmandu District Court after going through Ministry of Law, Nepal Rastra Bank and Attorney General for Nepal&rsquo;s Office. However, it is a mystery that the file has not been submitted to the Supreme Court even one year after the Supreme Court ordered the district court to submit the file.</p>

<p>According to the documents, the printing of polymer notes procedure took a pace after Steven Wong, Marketing Manager of NPA met Himalaya in 1999. After finalising on commission of the agent and other related details, official agreement on agency agreement was made between Pande brothers&rsquo; Mayflower Pvt Ltd and NPA.&nbsp; As per the agreement, commission rate of 9.09 percent was fixed on the sales price.</p>

<p>The investigation of AFP has shown that the Pandeys used the commission amount for bribing related officials of the Nepal government. AFP has presented detail description report of emails, fax, telephone and teleconference between NPA officials, NPA officials and Pandes along with others.</p>

<p>AFP requested bank account reports and travelling reports of people involved in the scandal including the agent Mayflower along with the business record of NRB in order to collect evidence to proceed the legal actions. The request was successively passed from Ministry of Foreign Affairs to Ministry of Law to the Kathmandu District Court. Later, Kathmandu District Court ordered to provide those reports to Australia. Meanwhile, NRB had also issued circular to all banks to act accordingly.</p>

<p>But later Prithvi Bahadur Pande and Upendra Keshari Poudyal submitted a writ petition on Mangsir 2071 in the Supreme Court citing that it would be inappropriate to provide bank details of Nepali citizen to foreign organisation. The Supreme Court had asked the district court to submit the file on 2072 Jestha 18. However, the file has not reached the Supreme Court even after one year thus postponing the hearing. Similarly, a complaint was also registered in CIAA regarding the case but due to the case being sub judice, the CIAA decided to withhold the investigation.</p>

<p>As per the documents discovered by Aarthik Abhiyan, NPA had submitted proposal for printing and supply of polymer notes of Rs 10 denomination in 2000, January 12. After that, Upendra Keshari Poudyal asked for note printing quotation from NPA Marketing Manager Steven Young in February 16. &nbsp;Young then sent quotation price of printing 20- 50 million units of notes. According to the quotation, for 20 million units of notes, the company quoted a cost of 77 Australian Dollar per 1,000 units. Similarly, for 30 million the quoted price was AUD 73 per 1,000 units, 40 million units at AUD 70 per 1,000 units and 50 million units at AUD 68 per 1,000 units. The amount included agent commission as well, but a confidential fax obtained by the Australian Police sent by Young to NPA CEO John Leckenby revealed that the Nepali agent demanded to raise the quotation price by AUD 4 per 1,000 units to &lsquo;serving others.&rsquo; AFP claimed that the fax has proved corrupt relationship between NPA, Agents Pandeys and NRB officials.</p>

<p>Answering the fax, Leckenby sent an email to Wong pointing out the possible consideration as demanded by Nepali agents. The documents also mentioned that after the email, discussion between NPA Officials, the then Australian Ambassador for Nepal Konri, former Governor Tilak Rawal, NRB&rsquo;s Currency Department Head Upendra Poudyal and other bureaucrats. In the same year, Wong sent an email at the Hotmail account of Prithvi Pande on October 9 and stated that he used code for words and numbers due to the low security of Hotmail service. It is assumed that the email contains commission rate to be distributed among the agents.</p>

<p>However, on 2002 March 5, NPA official Wong sent an email to Finance Department Head of NPA Rey Kukk that mentioned Upendra Poudyal is positive on not mentioning the names of agents in the official documents as per the demand of Nepali agents. It clearly shows the intention of camouflaging commission by showing direct deal between NPA and NRB.</p>

<p>On March 15 of the same year, NPA submitted quotation to NRB for 50 million units notes with AUD 72 for per 1000 units of notes. However, the quotation submitted by NPA to NRB on 2000 mentioned AUD 68 per 1,000 units notes.</p>

<p>The tender was opened on 19 March. However, NRB decided to retender citing insufficient proposals received. Later, NPA again submitted its tender on April 19, 2002 which was awarded to the company.</p>

<p>After that, NRB made payment of AUD 3.56 million between 5 December 2002 to 28 March 2003. Similarly, NPA paid its agents Himalaya and Prithvi Pandey AUD 330,043 between 17 October 2002 to 14 April 2003. The investigation of Australian Police found that the amount was used by Himalaya Pandey to make payments to various individuals from his account at Citi Bank Australia on various dates.</p>

<p style="text-align:justify">Meanwhile, the then CEO of NPA John Leckenby, Corporate Service Manager Peter Hutchinson, Business Development Manager Barry Thomas Brady and Asia Pacific Marketing Manager Steven Kim Chou Wong are facing court case in Australia.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np1%282%29%281%29.jpg" style="height:1042px; width:700px" /></p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/np%202.jpg" style="height:1640px; width:700px" /></p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3644',
			'image' => '20160621065413_pandee.jpg',
			'article_date' => '2016-06-21 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '3810',
			'article_category_id' => '1',
			'title' => 'Production and Sales distribution of Lollipop banned',
			'sub_title' => '',
			'summary' => 'June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the  production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.',
			'content' => '<p style="text-align: justify;">June 21: Department of Food Technology and Quality Control has banned the production and distribution of lollipops available in the Nepali market that use plastic tube. According to the department, a shiny chemical that harms the customers was found inside the tube. Therefore, Department of Food Technology and Quality Control has banned the&nbsp; production and sales distribution of such lollipops. It also has requested customers not to buy such lollipops.</p>

<p style="text-align: justify;">Issuing a press release the department informed that the production and sales distribution of lollipop produced by Asian Biscuit and Confectionery Dubahi, Sunsari was banned.</p>

<p style="text-align: justify;">The department informed that the investigation was conducted after National Consumer Forum informed of finding health hazard chemical in the plastic tube of the lollipop.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3643',
			'image' => '20160621032823_lollipop.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '15'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3809',
			'article_category_id' => '1',
			'title' => 'Kaski and Kamana Development Bank Starts Joint Operation',
			'sub_title' => '',
			'summary' => 'June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20.',
			'content' => '<p>June 21: Kaski Finance and regional level Kamana Development Bank has started its joint operation after merger. Chiranjibi Nepal, the Governor of Nepal Rastra Bank started the joint operation amid a program organized on June 20. &quot;Merger is the best alternative for banks to be strong and competitive,&quot; says Governor Nepal. The merged entity has started its operation in the name of Kamana Development Bank.</p>

<p>After the merger, the paid- up capital of the bank has totaled Rs 661.6 million. According to Toya Raj Adhikari,CEO of the bank, the bank has Rs 6.83 billion in deposits and Rs 5.93 billion in loans. Similarly, the bank will be providing services to around 75,000 customers through 21 branches and 9 ATM counters. &ldquo;The company aims to expand its branch network in various locations including Kathmandu Valley shortly,&rdquo; informs Adhikari.</p>

<p>Likewise, the bank formed after merger has Rajendra Nidhi Koirala as Chairman, Toya Raj Adhikari as CEO and Umesh Kumar Acharya as the Deputy CEO.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3642',
			'image' => '20160621120155_kamana.jpg',
			'article_date' => '2016-06-21 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3808',
			'article_category_id' => '1',
			'title' => 'Yeti Devt Bank supports Balsarathi Centre',
			'sub_title' => '',
			'summary' => 'June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. ',
			'content' => '<p>June 21: Yeti Development Bank has extended its support to Bal Sarathi Centre working for underprivileged children. In a press statement, the bank informs of providing Rs 125,000 to the organisation located at Jaybageshwori, Kathmandu. Amid a program organised on June 20, Sagar Sharma, CEO of the bank handed over the amount to Bala Kharel, Director of the organisation. The bank committed to continue such support under its CRS activities in upcoming days as well. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3641',
			'image' => '20160621113624_yeti.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3807',
			'article_category_id' => '1',
			'title' => 'Muktinath Devt Bank Starts Branch at Ramapur Colony',
			'sub_title' => '',
			'summary' => 'June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location.',
			'content' => '<p>June 21: Muktinath Development Bank has started a branch at Ramapur Colony, Rupendehi. Min Prasad Gurung, Chairman of the bank inaugurated the new branch amid a program on June 20. In the program, Bharat Raj Dhakal, CEO of the bank had informed about objectives, strategies, services and future programs of the bank. Prior to this, the bank was operating micro-finance program from the same location. On the occasion, the bank provided admiration letter and cash prize of Rs 15,555 to Samikchya Subedi, the topper of recently published SLC result of 2072. Similarly, the bank also provided appreciation letter to Shree Sungava Public Higher Secondary School. Currently, the bank is providing financial services through 29 branches, 17 limited banking and 3 extension counters along with 41 micro-finance offices.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3640',
			'image' => '20160621112549_muktinath.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '3806',
			'article_category_id' => '1',
			'title' => 'Century Bank Starts Visa Credit Card Services',
			'sub_title' => '',
			'summary' => 'June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from   31 branches, 28 ATMs, 8 branchless banking and 3 extension counters. ',
			'content' => '<p>June 21: Century Bank has started Visa Credit Card services. The bank has informed of starting the services in a bid to provide quality services to its customers. The bank also informed of bringing two types of credit cards that is gold and silver credit cards. The credit cards can be obtained from all the branches of the bank. Presently, the bank is serving its customers from &nbsp;&nbsp;31 branches, 28 ATMs, 8 branchless banking and 3 extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-21',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3639',
			'image' => '20160621111404_century.jpg',
			'article_date' => '2016-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3805',
			'article_category_id' => '1',
			'title' => 'King’s College to Host International Conference on Social Entrepreneurship',
			'sub_title' => '',
			'summary' => 'June 20: King’s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.',
			'content' => '<p style="text-align:justify">June 21:King&rsquo;s College is organising first International Conference on Social Entrepreneurship in Hyatt Hotel, Kathmandu. The two-day conference will be held on June 30 to July 1.</p>

<p style="text-align:justify">According to the organisers, the conference will highlight the stories of entrepreneurs behind more than 30 social ventures. The conference will also feature seven acclaimed speakers from around the world, and will serve as a platform for anyone looking for networking opportunities to develop and grow in the field of Social entrepreneurship.</p>

<p style="text-align:justify">&ldquo;The conference, with the theme of &ldquo;Rebuilding Nepal through Social Entrepreneurship&rdquo; will focus on how entrepreneurship in general and social entrepreneurship in particular can contribute to the much-needed rebuilding efforts in the aftermath of the devastating Earthquake,&rdquo; informs the King&rsquo; College issuing a press statement..</p>

<p style="text-align:justify">&ldquo;Our aim is to bring together organisations and individuals who have been instrumental in helping develop social entrepreneurship in Nepal and the South Asia region,&rdquo; says&nbsp; Narottam Aryal, Exeutive Director at King&rsquo;s College speaking at the program.</p>

<p style="text-align:justify">The conference is supported by iCapital, One To Watch, SEA Center, Daayitwa Foundatiion, Kathmandu University Incubation Center, Change Fusion, Biruwa Ventures, Facts Nepal, Antarprerana, Monon, IME Remit, Ideas and Solutions, Industrial Enterprise Development Institute (IEDI) and the Ministry of Industry.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3638',
			'image' => '20160621103411_kings college.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '3804',
			'article_category_id' => '1',
			'title' => 'Dibyashwari Hydropower to Issue 396,000units of IPO',
			'sub_title' => '',
			'summary' => 'June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.',
			'content' => '<p style="text-align: justify;">June 20: Dibyashwari Hydropower Ltd is issuing 396,000 units of IPO from June 26. The company has already allotted 7,920 units of shares for its employees and 19,800 units of shares for mutual investment funds.</p>

<p style="text-align: justify;">Interest investors can apply for minimum of 50 units of shares and maximum of 1000 units of shares which is priced Rs 100 per share. The company will close the issuance on June 30 with possible extension till July 11. After the IPO, the paid-up capital of the company will totalled Rs 264 million.</p>

<p style="text-align: justify;">The IPO has obtained ICRA Grade 4 rating from ICRA Nepal. The grade indicates of below average fundamentals of the issue. ACE Capital Ltd has been appointed as an issue manager by the company. Similarly, it has been informed that interested investors can apply for the IPO from Tribeni Development Bank, Excel Development Bank, Everest Finance. Moreover the investors can also apply from Garima Development Bank, Malika Development Bank, Mahakali Devleopment Bank. , Ace Capital Ltd and various branches of Ace Development Bank.</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3637',
			'image' => '20160620030904_diba.jpg',
			'article_date' => '2016-06-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3803',
			'article_category_id' => '1',
			'title' => 'Hero brings Paisa Ko Barsha Offer',
			'sub_title' => '',
			'summary' => 'June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled “Paisa Ko Barsha.”',
			'content' => '<p style="text-align: justify;">June 20: Hero, the two-wheeler brand has launched a new scheme for its customers, entitled &ldquo;Paisa Ko Barsha.&rdquo;</p>

<p style="text-align: justify;">Issuing a press release, the company informed that the offer is available for its scooter range, including the Dash, the Duet and the Pleasure. The company is providing a sure-shot cash discount and bike cover with every purchase of any Hero scooter. Along with this, the company is also providing an once-in-a-lifetime opportunity for getting featured in upcoming Hero advertisements.</p>

<p style="text-align: justify;">The offer is running at NGM Hero dealer outlets across Nepal for a limited period.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-06-20',
			'modified' => '2016-06-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3636',
			'image' => '20160620024614_hero.jpg',
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			'id' => '3802',
			'article_category_id' => '1',
			'title' => 'Arghakanchi Cement Celebrates Successful Anniversary',
			'sub_title' => '',
			'summary' => 'June 20:  Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.',
			'content' => '<p>June 20: &nbsp;Arghakanchi Cement has celebrated successful completion of its 1st year of production .The cement brand has been successful in building identity in the market within the one and half year of commencing production. The company organised special event on June 17 to mark the anniversary.</p>

<p>Promoter groups, dealers, engineers, contractors and high ranking government officials were present in the program. According to the company, it is one of the top producers in Nepal that produces high quantity OPC cement through a single mill. The company located in Mainahiya VDC of Bhairahawa has its own limestone mine and also produces clinker. The company is producing around 1,200 metric ton cement (24,000 sacks) daily.</p>

<p>&nbsp;Speaking at the anniversary program, Pashupati Murarka, Director of the &nbsp;Arghakanchi Cement said that company aims to produce 60,000 sacks per day in coming one and half year.</p>
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			'sortorder' => '3635',
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			'article_date' => '2016-06-20 00:00:00',
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			'id' => '3801',
			'article_category_id' => '1',
			'title' => 'NT to Finalise International Bandwidth Deal with China',
			'sub_title' => '',
			'summary' => 'June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.',
			'content' => '<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">June 20: Nepal Telecom (NT) is planning to finalise commercial deal regarding purchase of international internet bandwidth with China. Earlier NT had concluded project agreement and has accessed optical fibre connectivity with China.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Under the project agreement, successful trial of set devices has also been completed. Deputy Spokesperson of NT, Dilli Prasad Adhikari informs that NT has set target of sealing the deal within mid-July 2016. &ldquo;Legal teams of both sides are studying the matter. Bandwidth will be commercially imported from China shortly,&rdquo; he says.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Along with it, NT has become the first service provider to access fibre connectivity through Chinese path. The connectivity has also ended Indian monopoly on international bandwidth in Nepal. The to-be purchased bandwidth from China will be cheaper than the bandwidth purchased from India. Moreover, internet charge will decline in Nepal due to the competition between the bandwidths. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Commercial deal with China is expected to reduce internet charges in Nepal, says Adhikari. He also informs that Chinese bandwidth entering Nepal will not be impacted by the banning of websites including Google and Facebook in China. &ldquo;Only Chinese path is being used for importing bandwidth. The international bandwidth will be purchased from Hong Kong that has global IT transit,&rdquo; he explains. Operation of fibre network from north will increase the quality of internet services and decrease the latency period. It will significantly decrease outgoing amount spent for the purchase of international bandwidth by Nepal.</span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">As internet service providers do not have their own network to reach worldwide digital network, they purchase bandwidth from international wholesaler service providers. Even though it is impossible to end dependency on international bandwidth, such dependency can be drastically reduced by producing &lsquo;Local content&rsquo;, says experts of IT sector. &nbsp;Bandwidth is the service capacity that a user gets in a fixed amount of time. In Nepal, with the increase in internet users, service providers also increase link capacity of the bandwidth. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">Presently, the international bandwidth cost USD 30-40 per MBPS which was USD 400 in 2010. The bandwidth price cost USD 4-5 per MBPS per month in UK and USA. Similarly, it cost USD 8 in Singapore. According to Adhikari, NT spends Rs 600-700 million per month for the purchase of international bandwidth. He also informs that NT consumes 50 percent of total bandwidth imported in Nepal. </span></span></p>

<p style="text-align:justify"><span style="font-size:14px"><span style="font-family:arial,helvetica,sans-serif">NT has laid 90 KM optical fibre from Kathmandu via Galchi of Dhading, Dunche of Rasuwa to Rasuwagadhi, border of China. After connecting the optical fibre on last mid-June, technical teams of both countries had concluded fibre testing.</span></span></p>
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00