April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous…
April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous…
April 11: The government is preparing to merge the Survey Office and the Land Revenue…
April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today…
…
April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of…
April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International…
April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more…
Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital,…
Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection…
April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for…
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April 10: The number of policyholders surrendering their insurance policies is on a rise in…
April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the…
April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child.…
Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West…
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It had increased 240.9 percent in the same period of the previous year, the NRB report added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 23.9 percent to Rs 876.07 billion in the review period. Such a transfer had decreased 1.6 percent in the same period of the previous year.</span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17255', 'image' => '20230411041613_Remittance.jpg', 'article_date' => '2023-04-11 16:15:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17518', 'article_category_id' => '1', 'title' => 'Government to Merge Survey Office and Land Revenue Office', 'sub_title' => '', 'summary' => 'April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The process has been forwarded to merge the offices in a bid to make service delivery effective and reduce problems faced by the service seekers in reaching the two separate offices of the same kind in terms of service they provide, said Dr Damodar Regmi, secretary of the Ministry of Land Management, Cooperatives and Poverty Alleviation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The merger will also help save some government expenditures,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Survey Department’s Director General Janak Raj Joshi said the merger is about to take place because there is no need to have separate offices of Survey Department and Land Revenue Office. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17253', 'image' => '20230411030542_merger.jpg', 'article_date' => '2023-04-11 15:05:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17517', 'article_category_id' => '1', 'title' => '57th AGM of FNCCI Kicks Off', 'sub_title' => '', 'summary' => 'April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The AGM will elect a new leadership of the federation. Chandra Dhakal, who is currently the senior vice president of the federation, will automatically become the president after the annual general meeting. There is a provision in the statute of the federation that the person who is the senior vice-president in the previous term will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The elections for the post of senior vice president and other positions will be held on Wednesday during the AGM. According to the federation, the voting will be held at the Nepal Academy Hall from 8 am on Wednesday. Altogether 118 people have registered their candidacy for 64 positions, including senior vice president, vice president and executive member for the election.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A total of three candidates will be vying for one post of senior vice president, eight candidates will compete for the posts of three vice presidents and 104 candidates are in the fray for 58 positions of FNCCI members. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The election of the senior vice-president of the federation is being watched with much interest due to the provision that the senior vice president will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This is the first time that three candidates are contesting for the post of senior vice-president. The three candidates include current vice presidents Ram Chandra Sanghai and Anjan Shrestha and the former Vice President Umesh Lal Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the statute of the FNCCI, a candidate must receive 51 percent of the total votes to be elected as the senior vice president. If no candidate gets 51 percent of the votes in the first round of voting, a second round of voting will be held. According to the federation, only the two candidates who get the most votes will compete in the second round.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As all the three candidates for the position of senior vice president have formed their own panels, there will be competition between all the three panels in the upcoming elections. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Suraj Krishna Vaidya as the district vice president, Sakunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17252', 'image' => '20230411024822_1681198535.jpeg', 'article_date' => '2023-04-11 14:47:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17516', 'article_category_id' => '1', 'title' => 'Import of Apples Declines by 10 Percent', 'sub_title' => 'KMC’s decision to ban the sale of goods on bicycles to blame for the slump in consumption of apples', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 11: Import of apple in Nepal has decreased by 10 percent in the first eight months of the current fiscal year. According to the data of the Department of Customs, 57.12 million kilograms of apples have been imported into Nepal between mid-July to mid-February this year. During the corresponding period of last fiscal year, Nepal imported 63.61 million kilograms of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the department, the country has spent Rs 4.45 billion to import apples during the review period of the current fiscal year. During the same period of last year, this amount was Rs 7.15 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Amar Baniya, a trader at Kuleshwar Fruit Market, says that the import has decreased due to the decrease in the consumption of apples. According to him, consumption of apples has decreased by 40 percent this year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“In previous years, fruit sellers used to go from door to door and sell fruit on bicycles. Now there are no such sellers," he explained the reason for the decline in the sale of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Traders say that the sales of apples have decreased after the Kathmandu Metropolitan City banned the sale of fruits and other goods along the roadside on bicycles and carts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kamal Basnet, who has been selling fruits along with groceries in Kalimati, also says that the apple business has decreased drastically now. He said that he used to sell 20-30 kg of apples daily last year but now it is difficult to sell 10 kg of apples a day.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Decreased consumption increased the price!</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The traders say that the consumption of apples has decreased but their prices have increased. This is exactly the opposite to the theory of economics, which states that the price increases when the demand is high and it declines when the demand is low.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In other words, when consumption decreases, prices also decrease but this is not the case in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Last year, the wholesale price of apples was Rs 100-110 per kg, while this year it has reached Rs 160 per kg. Along with the wholesale price, the retail price of apples has also increased. Apples, which were sold at Rs 140 per kg last year, now cost between Rs 150-180. Fuji apple which was Rs 240 per kg last year has now increased by Rs 60.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Businessman Baniya says that apples have been stockpiled in stores after the consumption has decreased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">How much import from which country?</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal imports apples from India, China, America and other countries. During the review period of the current fiscal year, most of the apples have been imported from China. According to the department, during the review period, 27.77 million kilograms of apples worth Rs 2.52 billion were imported from China. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, 20.93 million kg of apples worth Rs 1.92 billion were imported from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, 35,000 kilograms of apples worth Rs 2.7 million were imported from Switzerland and 20,580 kilograms of apples worth Rs 5.5 million from the United States.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17251', 'image' => '20230411020433_20220214024649_1644793529.Clipboard13.jpg', 'article_date' => '2023-04-11 14:00:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17515', 'article_category_id' => '1', 'title' => 'PM Calls for Mutual Cooperation to Troubleshoot Issues Faced by the Economy ', 'sub_title' => '', 'summary' => 'April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the representatives of banks and financial institutions (BFIs) on Monday, the PM said that the government has been working seriously to bring about reforms in the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I organised this meeting. We are in regular parleys to reduce the burdens seen in economy. We are searching for measures to lower the interest rate of banks. We will reach a conclusion soon," PM Dahal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the PM noted that increased foreign exchange reserves and improved remittance inflow has eased the crisis to some extent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the PM shared that he was thinking of holding a massive consultations with the representatives of the government and private sector before unveiling the new budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problems will not be resolved just by trading barbs, the PM said, adding that the current challenges and pressures on economy could be addressed through mutual cooperation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying that both national and international factors are responsible for the current economic crisis, PM Dahal stated that the government is effortful to increase revenue collection and curb revenue leakage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We will ensure firm monitoring mechanism, which brings reform in the economy. We cannot address the issue of liquidity crunch unless real estate business is facilitated. So, we will reach a conclusion soon in this regard," the PM told the private sector's representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the PM said that the anarchic activities including advocating the nonpayment of bank loans will not be entertained. "Hooliganism cannot be tolerated. The government will be strict on this," the PM said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the CEOs of the BFIs and officials urged for the security of the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Present on the occasion were Finance Minister Dr Prakash Sharan Mahat, Chief Secretary Shanker Das Bairagi, Nepal Rastra Bank's Governor Maha Prasad Adhikari, Home Secretary Binod Prakash Singh, Finance Secretary Toyam Raya and other high-ranking officials. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17250', 'image' => '20230411120614_PRO-KTM-066A1003.JPG', 'article_date' => '2023-04-11 12:05:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17514', 'article_category_id' => '1', 'title' => 'Entrepreneurs Demand International Flights from Pokhara Airport ', 'sub_title' => '', 'summary' => 'April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with Prime Minister Dahal at Singha Durbar on Monday, a delegation of entrepreneurs under the leadership of Pokhara Tourism Council put forth 15-point demands including operation of international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The business community also requested the PM to lower the interest rate of banks to a single digit along with rescheduling of loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Council Chair Pom Narayan Shrestha said opening heritages of Pokhara including Ratna Temple and Hima Griha are also their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared that they urged the prime minister to take policy-level initiation for the operation of flights immediately from Pokhara to India, China, Bangladesh and other destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ensuring the organisational representation of tourism-related organisations by making administrative and managerial reforms of the Nepal Tourism Board, repair and upgrading of highways for the convenient travel of tourists entering Nepal by road, structural reform of Civil Aviation Authority of Nepal (CAAN) were the other demands put forth by the delegation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, industrialists and entrepreneurs associated with Pokhara Chamber of Commerce and Industry, Nepal Association of Tours and Travel Agents, Restaurant and Bar Association, as well as other organisations said they were facing difficulties in running business and requested the prime minister to bring paragliding of Pokhara into operation in a way that it does not affect international flights. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17249', 'image' => '20230411113521_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-04-11 11:34:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17513', 'article_category_id' => '1', 'title' => 'ISPs Decide to make Internet Service Effective ', 'sub_title' => '', 'summary' => 'April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A special meeting of ISPA attended by its chairman, board members, chief executive director and others decided to improve internet quality as per the global standard by internalizing the goal of digital Nepal framework set by the government. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ISPs have been called to cooperate with each other. They are also for managing well the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the special gathering is to work in unison with the Nepal Telecommunications Authority and other concerned agencies of Nepal government for making internet sector systematic. Issuing a press release following the gathering, ISPA stated that procedural preparation would be intensified to implement the decisions. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17248', 'image' => '20230411103022_Internett.jpg', 'article_date' => '2023-04-11 10:29:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17511', 'article_category_id' => '1', 'title' => 'Police Welfare Fund Provides Rs 20 Million to Police Hospital', 'sub_title' => '', 'summary' => 'Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. ', 'content' => '<p><span style="font-size:20px">April 11: Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. </span></p> <p><span style="font-size:20px">Inspector General of Police, Basanta Bahadur Kunwar, handed over the bank cheque to Medical Director of the Hospital, Additional Inspector General, Dr Asha Singh, on Monday on the occasion of 39th anniversary of the Nepal Police Hospital. </span></p> <p><span style="font-size:20px">On the occasion, IGP Kunwar praised the role of all the seniors who contributed with their tireless efforts and dedication to bring the Nepal Police Hospital to the current status. </span></p> <p><span style="font-size:20px">Saying that there should be an equal opportunity to police staff of all ranks and general public in the Nepal Police Hospital's services, the Police Chief directed the Hospital employees to deliver best possible services with excellent treatment and services. </span></p> <p><span style="font-size:20px">IGP Kunwar also said that all police personnel and staff should be active to enhance the image of the police organisation and to achieve organisation's goal. ----RSS</span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17246', 'image' => '20230411055817_collage (68).jpg', 'article_date' => '2023-04-11 05:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17510', 'article_category_id' => '1', 'title' => 'Finance Minister Dr Mahat Directs Customs Officials to Work Dutifully to Produce Results ', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.', 'content' => '<p><span style="font-size:20px">April 10: Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.</span></p> <p><span style="font-size:20px">Addressing the Customs Management Seminar organized by the Department of Customs in Kathmandu, Minister Mahat directed the customs officials to give utmost priority to their responsibility. </span></p> <p><span style="font-size:20px">"I don't mean to say the traders involved in the import and export business be given unnecessary hassles. You know well what the right things are, but these are not being implemented. I want to draw your attention towards that," the Finance Minister said. </span></p> <p><span style="font-size:20px">Stating the Ministry of Finance under his leadership is effortful in carrying out works in a transparent manner, he asked to the responsible officials to carry out their works seriously. "Let us start the culture of working in a responsible and accountable manner," he reiterated. </span></p> <p><span style="font-size:20px">Customs Department is not solely responsible for the fall of revenue collection, as many causes are behind the drop, added Dr Mahat.</span></p> <p><span style="font-size:20px">Serious discussions have been held with the security bodies for stopping leakage of revenue, Mahat said Mahat. He urged the customs officials to monitor revenue collection in support of the security bodies and the customs officers. </span></p> <p><span style="font-size:20px">"Revenue collection has dropped at many customs checkpoints including at Bhairahawa, Birgunj and Rasuwa checkpoints,” he added. </span></p> <p><span style="font-size:20px">Noting that income had decreased even to cover general expenditures, Dr Mahat said that the government was according high priority to solve the current financial crisis. </span></p> <p><span style="font-size:20px">Mahat informed that the government is doing everything possible to give a way-out to the country from current the financial fiasco.</span></p> <p><span style="font-size:20px">Finance Minister Dr Mahat urged the customs officers to pay attention to unnecessary hassles and difficulties facing industrialists and businessmen. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17245', 'image' => '20230410064307_collage - 2023-04-10T184347.079.jpg', 'article_date' => '2023-04-10 18:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17507', 'article_category_id' => '1', 'title' => 'Former Korean Minister Lee Urges Nepal to Create a Conducive Environment for Investment ', 'sub_title' => '', 'summary' => 'April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He made such a statement during a meeting with Vice Chairperson of the National Planning Commission (NPC) Dr Min Bahadur Shrestha in Kathmandu on Monday. Nepal could take a stride in development activities by bringing in technologies and investments from Korea, said Dr Lee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Having served for around four decades in various sectors with the Korean government including the economic planning department, Lee stressed the need for a strong leadership for the development of a country. He said that a 'robust and strong' leadership in Korea helped develop the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"There are many potentials in Nepal. It can make a stride in development by properly utilising these opportunities. We will coordinate in taking global investments and technologies to the country once there is a conducive environment," said Lee, who is the president of the Korea-Asia Economic Cooperation Association. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He referred to foreign aids, technologies and investments received by Korea for its development. He underscored the need for the Government of Nepal to prioritise infrastructures, transport and electricity and make investments in the projects keeping in view its limited resources. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NPC Vice Chairperson Shrestha thanked Lee for his gratitude toward Nepal.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Binod Kunwar, the International Coordination Council, the Non-Resident Nepali Association said that Nepal has a potential for development by using the technologies and the development model adopted by developed countries like South Korea. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Others present on the occasion were the NRNA former vice president Sonam Lama, general secretary Janaki Gurung, executive directors Rajesh Rana, Dipesh Khatri, chairperson of the Ropeway Nepal Gunaraj Dhakal and operator of Laxmi Bank Dinesh. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, Lee, who is in Nepal for a weeklong visit, met with Finance Minister Dr Prakash Sharan Mahat and high-ranking government officials including officer bearers of the Investment Board Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17242', 'image' => '20230410033919_1681108090.Korean Minister.jpg', 'article_date' => '2023-04-10 15:38:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17520', 'article_category_id' => '1', 'title' => 'Inflow of Remittance Increases by 25 Percent', 'sub_title' => '', 'summary' => 'April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report unveiled by Nepal Rastra Bank (NRB) on Tuesday, remittance inflow in the review period stood at Rs 794.32 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the US Dollar terms, remittance inflow increased 14.8 percent to 6.09 billion in the review period against a decrease of 2.6 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the number of Nepali workers (institutional and individual) taking approval for foreign employment increased 54.3 percent to 351,761 in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of Nepali workers renewing their foreign employment permits increased 8.0 percent to 192,559 in the review period. It had increased 240.9 percent in the same period of the previous year, the NRB report added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 23.9 percent to Rs 876.07 billion in the review period. Such a transfer had decreased 1.6 percent in the same period of the previous year.</span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17255', 'image' => '20230411041613_Remittance.jpg', 'article_date' => '2023-04-11 16:15:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17518', 'article_category_id' => '1', 'title' => 'Government to Merge Survey Office and Land Revenue Office', 'sub_title' => '', 'summary' => 'April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The process has been forwarded to merge the offices in a bid to make service delivery effective and reduce problems faced by the service seekers in reaching the two separate offices of the same kind in terms of service they provide, said Dr Damodar Regmi, secretary of the Ministry of Land Management, Cooperatives and Poverty Alleviation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The merger will also help save some government expenditures,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Survey Department’s Director General Janak Raj Joshi said the merger is about to take place because there is no need to have separate offices of Survey Department and Land Revenue Office. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17253', 'image' => '20230411030542_merger.jpg', 'article_date' => '2023-04-11 15:05:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17517', 'article_category_id' => '1', 'title' => '57th AGM of FNCCI Kicks Off', 'sub_title' => '', 'summary' => 'April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The AGM will elect a new leadership of the federation. Chandra Dhakal, who is currently the senior vice president of the federation, will automatically become the president after the annual general meeting. There is a provision in the statute of the federation that the person who is the senior vice-president in the previous term will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The elections for the post of senior vice president and other positions will be held on Wednesday during the AGM. According to the federation, the voting will be held at the Nepal Academy Hall from 8 am on Wednesday. Altogether 118 people have registered their candidacy for 64 positions, including senior vice president, vice president and executive member for the election.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A total of three candidates will be vying for one post of senior vice president, eight candidates will compete for the posts of three vice presidents and 104 candidates are in the fray for 58 positions of FNCCI members. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The election of the senior vice-president of the federation is being watched with much interest due to the provision that the senior vice president will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This is the first time that three candidates are contesting for the post of senior vice-president. The three candidates include current vice presidents Ram Chandra Sanghai and Anjan Shrestha and the former Vice President Umesh Lal Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the statute of the FNCCI, a candidate must receive 51 percent of the total votes to be elected as the senior vice president. If no candidate gets 51 percent of the votes in the first round of voting, a second round of voting will be held. According to the federation, only the two candidates who get the most votes will compete in the second round.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As all the three candidates for the position of senior vice president have formed their own panels, there will be competition between all the three panels in the upcoming elections. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Suraj Krishna Vaidya as the district vice president, Sakunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17252', 'image' => '20230411024822_1681198535.jpeg', 'article_date' => '2023-04-11 14:47:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17516', 'article_category_id' => '1', 'title' => 'Import of Apples Declines by 10 Percent', 'sub_title' => 'KMC’s decision to ban the sale of goods on bicycles to blame for the slump in consumption of apples', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 11: Import of apple in Nepal has decreased by 10 percent in the first eight months of the current fiscal year. According to the data of the Department of Customs, 57.12 million kilograms of apples have been imported into Nepal between mid-July to mid-February this year. During the corresponding period of last fiscal year, Nepal imported 63.61 million kilograms of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the department, the country has spent Rs 4.45 billion to import apples during the review period of the current fiscal year. During the same period of last year, this amount was Rs 7.15 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Amar Baniya, a trader at Kuleshwar Fruit Market, says that the import has decreased due to the decrease in the consumption of apples. According to him, consumption of apples has decreased by 40 percent this year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“In previous years, fruit sellers used to go from door to door and sell fruit on bicycles. Now there are no such sellers," he explained the reason for the decline in the sale of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Traders say that the sales of apples have decreased after the Kathmandu Metropolitan City banned the sale of fruits and other goods along the roadside on bicycles and carts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kamal Basnet, who has been selling fruits along with groceries in Kalimati, also says that the apple business has decreased drastically now. He said that he used to sell 20-30 kg of apples daily last year but now it is difficult to sell 10 kg of apples a day.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Decreased consumption increased the price!</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The traders say that the consumption of apples has decreased but their prices have increased. This is exactly the opposite to the theory of economics, which states that the price increases when the demand is high and it declines when the demand is low.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In other words, when consumption decreases, prices also decrease but this is not the case in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Last year, the wholesale price of apples was Rs 100-110 per kg, while this year it has reached Rs 160 per kg. Along with the wholesale price, the retail price of apples has also increased. Apples, which were sold at Rs 140 per kg last year, now cost between Rs 150-180. Fuji apple which was Rs 240 per kg last year has now increased by Rs 60.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Businessman Baniya says that apples have been stockpiled in stores after the consumption has decreased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">How much import from which country?</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal imports apples from India, China, America and other countries. During the review period of the current fiscal year, most of the apples have been imported from China. According to the department, during the review period, 27.77 million kilograms of apples worth Rs 2.52 billion were imported from China. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, 20.93 million kg of apples worth Rs 1.92 billion were imported from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, 35,000 kilograms of apples worth Rs 2.7 million were imported from Switzerland and 20,580 kilograms of apples worth Rs 5.5 million from the United States.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17251', 'image' => '20230411020433_20220214024649_1644793529.Clipboard13.jpg', 'article_date' => '2023-04-11 14:00:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17515', 'article_category_id' => '1', 'title' => 'PM Calls for Mutual Cooperation to Troubleshoot Issues Faced by the Economy ', 'sub_title' => '', 'summary' => 'April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the representatives of banks and financial institutions (BFIs) on Monday, the PM said that the government has been working seriously to bring about reforms in the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I organised this meeting. We are in regular parleys to reduce the burdens seen in economy. We are searching for measures to lower the interest rate of banks. We will reach a conclusion soon," PM Dahal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the PM noted that increased foreign exchange reserves and improved remittance inflow has eased the crisis to some extent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the PM shared that he was thinking of holding a massive consultations with the representatives of the government and private sector before unveiling the new budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problems will not be resolved just by trading barbs, the PM said, adding that the current challenges and pressures on economy could be addressed through mutual cooperation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying that both national and international factors are responsible for the current economic crisis, PM Dahal stated that the government is effortful to increase revenue collection and curb revenue leakage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We will ensure firm monitoring mechanism, which brings reform in the economy. We cannot address the issue of liquidity crunch unless real estate business is facilitated. So, we will reach a conclusion soon in this regard," the PM told the private sector's representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the PM said that the anarchic activities including advocating the nonpayment of bank loans will not be entertained. "Hooliganism cannot be tolerated. The government will be strict on this," the PM said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the CEOs of the BFIs and officials urged for the security of the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Present on the occasion were Finance Minister Dr Prakash Sharan Mahat, Chief Secretary Shanker Das Bairagi, Nepal Rastra Bank's Governor Maha Prasad Adhikari, Home Secretary Binod Prakash Singh, Finance Secretary Toyam Raya and other high-ranking officials. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17250', 'image' => '20230411120614_PRO-KTM-066A1003.JPG', 'article_date' => '2023-04-11 12:05:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17514', 'article_category_id' => '1', 'title' => 'Entrepreneurs Demand International Flights from Pokhara Airport ', 'sub_title' => '', 'summary' => 'April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with Prime Minister Dahal at Singha Durbar on Monday, a delegation of entrepreneurs under the leadership of Pokhara Tourism Council put forth 15-point demands including operation of international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The business community also requested the PM to lower the interest rate of banks to a single digit along with rescheduling of loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Council Chair Pom Narayan Shrestha said opening heritages of Pokhara including Ratna Temple and Hima Griha are also their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared that they urged the prime minister to take policy-level initiation for the operation of flights immediately from Pokhara to India, China, Bangladesh and other destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ensuring the organisational representation of tourism-related organisations by making administrative and managerial reforms of the Nepal Tourism Board, repair and upgrading of highways for the convenient travel of tourists entering Nepal by road, structural reform of Civil Aviation Authority of Nepal (CAAN) were the other demands put forth by the delegation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, industrialists and entrepreneurs associated with Pokhara Chamber of Commerce and Industry, Nepal Association of Tours and Travel Agents, Restaurant and Bar Association, as well as other organisations said they were facing difficulties in running business and requested the prime minister to bring paragliding of Pokhara into operation in a way that it does not affect international flights. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17249', 'image' => '20230411113521_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-04-11 11:34:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17513', 'article_category_id' => '1', 'title' => 'ISPs Decide to make Internet Service Effective ', 'sub_title' => '', 'summary' => 'April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A special meeting of ISPA attended by its chairman, board members, chief executive director and others decided to improve internet quality as per the global standard by internalizing the goal of digital Nepal framework set by the government. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ISPs have been called to cooperate with each other. They are also for managing well the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the special gathering is to work in unison with the Nepal Telecommunications Authority and other concerned agencies of Nepal government for making internet sector systematic. Issuing a press release following the gathering, ISPA stated that procedural preparation would be intensified to implement the decisions. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17248', 'image' => '20230411103022_Internett.jpg', 'article_date' => '2023-04-11 10:29:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17511', 'article_category_id' => '1', 'title' => 'Police Welfare Fund Provides Rs 20 Million to Police Hospital', 'sub_title' => '', 'summary' => 'Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. ', 'content' => '<p><span style="font-size:20px">April 11: Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. </span></p> <p><span style="font-size:20px">Inspector General of Police, Basanta Bahadur Kunwar, handed over the bank cheque to Medical Director of the Hospital, Additional Inspector General, Dr Asha Singh, on Monday on the occasion of 39th anniversary of the Nepal Police Hospital. </span></p> <p><span style="font-size:20px">On the occasion, IGP Kunwar praised the role of all the seniors who contributed with their tireless efforts and dedication to bring the Nepal Police Hospital to the current status. </span></p> <p><span style="font-size:20px">Saying that there should be an equal opportunity to police staff of all ranks and general public in the Nepal Police Hospital's services, the Police Chief directed the Hospital employees to deliver best possible services with excellent treatment and services. </span></p> <p><span style="font-size:20px">IGP Kunwar also said that all police personnel and staff should be active to enhance the image of the police organisation and to achieve organisation's goal. ----RSS</span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17246', 'image' => '20230411055817_collage (68).jpg', 'article_date' => '2023-04-11 05:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17510', 'article_category_id' => '1', 'title' => 'Finance Minister Dr Mahat Directs Customs Officials to Work Dutifully to Produce Results ', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.', 'content' => '<p><span style="font-size:20px">April 10: Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.</span></p> <p><span style="font-size:20px">Addressing the Customs Management Seminar organized by the Department of Customs in Kathmandu, Minister Mahat directed the customs officials to give utmost priority to their responsibility. </span></p> <p><span style="font-size:20px">"I don't mean to say the traders involved in the import and export business be given unnecessary hassles. You know well what the right things are, but these are not being implemented. I want to draw your attention towards that," the Finance Minister said. </span></p> <p><span style="font-size:20px">Stating the Ministry of Finance under his leadership is effortful in carrying out works in a transparent manner, he asked to the responsible officials to carry out their works seriously. "Let us start the culture of working in a responsible and accountable manner," he reiterated. </span></p> <p><span style="font-size:20px">Customs Department is not solely responsible for the fall of revenue collection, as many causes are behind the drop, added Dr Mahat.</span></p> <p><span style="font-size:20px">Serious discussions have been held with the security bodies for stopping leakage of revenue, Mahat said Mahat. He urged the customs officials to monitor revenue collection in support of the security bodies and the customs officers. </span></p> <p><span style="font-size:20px">"Revenue collection has dropped at many customs checkpoints including at Bhairahawa, Birgunj and Rasuwa checkpoints,” he added. </span></p> <p><span style="font-size:20px">Noting that income had decreased even to cover general expenditures, Dr Mahat said that the government was according high priority to solve the current financial crisis. </span></p> <p><span style="font-size:20px">Mahat informed that the government is doing everything possible to give a way-out to the country from current the financial fiasco.</span></p> <p><span style="font-size:20px">Finance Minister Dr Mahat urged the customs officers to pay attention to unnecessary hassles and difficulties facing industrialists and businessmen. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17245', 'image' => '20230410064307_collage - 2023-04-10T184347.079.jpg', 'article_date' => '2023-04-10 18:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17507', 'article_category_id' => '1', 'title' => 'Former Korean Minister Lee Urges Nepal to Create a Conducive Environment for Investment ', 'sub_title' => '', 'summary' => 'April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He made such a statement during a meeting with Vice Chairperson of the National Planning Commission (NPC) Dr Min Bahadur Shrestha in Kathmandu on Monday. Nepal could take a stride in development activities by bringing in technologies and investments from Korea, said Dr Lee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Having served for around four decades in various sectors with the Korean government including the economic planning department, Lee stressed the need for a strong leadership for the development of a country. He said that a 'robust and strong' leadership in Korea helped develop the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"There are many potentials in Nepal. It can make a stride in development by properly utilising these opportunities. We will coordinate in taking global investments and technologies to the country once there is a conducive environment," said Lee, who is the president of the Korea-Asia Economic Cooperation Association. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He referred to foreign aids, technologies and investments received by Korea for its development. He underscored the need for the Government of Nepal to prioritise infrastructures, transport and electricity and make investments in the projects keeping in view its limited resources. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NPC Vice Chairperson Shrestha thanked Lee for his gratitude toward Nepal.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Binod Kunwar, the International Coordination Council, the Non-Resident Nepali Association said that Nepal has a potential for development by using the technologies and the development model adopted by developed countries like South Korea. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Others present on the occasion were the NRNA former vice president Sonam Lama, general secretary Janaki Gurung, executive directors Rajesh Rana, Dipesh Khatri, chairperson of the Ropeway Nepal Gunaraj Dhakal and operator of Laxmi Bank Dinesh. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, Lee, who is in Nepal for a weeklong visit, met with Finance Minister Dr Prakash Sharan Mahat and high-ranking government officials including officer bearers of the Investment Board Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17242', 'image' => '20230410033919_1681108090.Korean Minister.jpg', 'article_date' => '2023-04-10 15:38:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17520', 'article_category_id' => '1', 'title' => 'Inflow of Remittance Increases by 25 Percent', 'sub_title' => '', 'summary' => 'April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report unveiled by Nepal Rastra Bank (NRB) on Tuesday, remittance inflow in the review period stood at Rs 794.32 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the US Dollar terms, remittance inflow increased 14.8 percent to 6.09 billion in the review period against a decrease of 2.6 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the number of Nepali workers (institutional and individual) taking approval for foreign employment increased 54.3 percent to 351,761 in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of Nepali workers renewing their foreign employment permits increased 8.0 percent to 192,559 in the review period. It had increased 240.9 percent in the same period of the previous year, the NRB report added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 23.9 percent to Rs 876.07 billion in the review period. Such a transfer had decreased 1.6 percent in the same period of the previous year.</span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17255', 'image' => '20230411041613_Remittance.jpg', 'article_date' => '2023-04-11 16:15:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17518', 'article_category_id' => '1', 'title' => 'Government to Merge Survey Office and Land Revenue Office', 'sub_title' => '', 'summary' => 'April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The process has been forwarded to merge the offices in a bid to make service delivery effective and reduce problems faced by the service seekers in reaching the two separate offices of the same kind in terms of service they provide, said Dr Damodar Regmi, secretary of the Ministry of Land Management, Cooperatives and Poverty Alleviation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The merger will also help save some government expenditures,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Survey Department’s Director General Janak Raj Joshi said the merger is about to take place because there is no need to have separate offices of Survey Department and Land Revenue Office. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17253', 'image' => '20230411030542_merger.jpg', 'article_date' => '2023-04-11 15:05:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17517', 'article_category_id' => '1', 'title' => '57th AGM of FNCCI Kicks Off', 'sub_title' => '', 'summary' => 'April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The AGM will elect a new leadership of the federation. Chandra Dhakal, who is currently the senior vice president of the federation, will automatically become the president after the annual general meeting. There is a provision in the statute of the federation that the person who is the senior vice-president in the previous term will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The elections for the post of senior vice president and other positions will be held on Wednesday during the AGM. According to the federation, the voting will be held at the Nepal Academy Hall from 8 am on Wednesday. Altogether 118 people have registered their candidacy for 64 positions, including senior vice president, vice president and executive member for the election.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A total of three candidates will be vying for one post of senior vice president, eight candidates will compete for the posts of three vice presidents and 104 candidates are in the fray for 58 positions of FNCCI members. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The election of the senior vice-president of the federation is being watched with much interest due to the provision that the senior vice president will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This is the first time that three candidates are contesting for the post of senior vice-president. The three candidates include current vice presidents Ram Chandra Sanghai and Anjan Shrestha and the former Vice President Umesh Lal Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the statute of the FNCCI, a candidate must receive 51 percent of the total votes to be elected as the senior vice president. If no candidate gets 51 percent of the votes in the first round of voting, a second round of voting will be held. According to the federation, only the two candidates who get the most votes will compete in the second round.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As all the three candidates for the position of senior vice president have formed their own panels, there will be competition between all the three panels in the upcoming elections. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Suraj Krishna Vaidya as the district vice president, Sakunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17252', 'image' => '20230411024822_1681198535.jpeg', 'article_date' => '2023-04-11 14:47:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17516', 'article_category_id' => '1', 'title' => 'Import of Apples Declines by 10 Percent', 'sub_title' => 'KMC’s decision to ban the sale of goods on bicycles to blame for the slump in consumption of apples', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 11: Import of apple in Nepal has decreased by 10 percent in the first eight months of the current fiscal year. According to the data of the Department of Customs, 57.12 million kilograms of apples have been imported into Nepal between mid-July to mid-February this year. During the corresponding period of last fiscal year, Nepal imported 63.61 million kilograms of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the department, the country has spent Rs 4.45 billion to import apples during the review period of the current fiscal year. During the same period of last year, this amount was Rs 7.15 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Amar Baniya, a trader at Kuleshwar Fruit Market, says that the import has decreased due to the decrease in the consumption of apples. According to him, consumption of apples has decreased by 40 percent this year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“In previous years, fruit sellers used to go from door to door and sell fruit on bicycles. Now there are no such sellers," he explained the reason for the decline in the sale of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Traders say that the sales of apples have decreased after the Kathmandu Metropolitan City banned the sale of fruits and other goods along the roadside on bicycles and carts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kamal Basnet, who has been selling fruits along with groceries in Kalimati, also says that the apple business has decreased drastically now. He said that he used to sell 20-30 kg of apples daily last year but now it is difficult to sell 10 kg of apples a day.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Decreased consumption increased the price!</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The traders say that the consumption of apples has decreased but their prices have increased. This is exactly the opposite to the theory of economics, which states that the price increases when the demand is high and it declines when the demand is low.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In other words, when consumption decreases, prices also decrease but this is not the case in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Last year, the wholesale price of apples was Rs 100-110 per kg, while this year it has reached Rs 160 per kg. Along with the wholesale price, the retail price of apples has also increased. Apples, which were sold at Rs 140 per kg last year, now cost between Rs 150-180. Fuji apple which was Rs 240 per kg last year has now increased by Rs 60.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Businessman Baniya says that apples have been stockpiled in stores after the consumption has decreased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">How much import from which country?</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal imports apples from India, China, America and other countries. During the review period of the current fiscal year, most of the apples have been imported from China. According to the department, during the review period, 27.77 million kilograms of apples worth Rs 2.52 billion were imported from China. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, 20.93 million kg of apples worth Rs 1.92 billion were imported from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, 35,000 kilograms of apples worth Rs 2.7 million were imported from Switzerland and 20,580 kilograms of apples worth Rs 5.5 million from the United States.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17251', 'image' => '20230411020433_20220214024649_1644793529.Clipboard13.jpg', 'article_date' => '2023-04-11 14:00:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17515', 'article_category_id' => '1', 'title' => 'PM Calls for Mutual Cooperation to Troubleshoot Issues Faced by the Economy ', 'sub_title' => '', 'summary' => 'April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the representatives of banks and financial institutions (BFIs) on Monday, the PM said that the government has been working seriously to bring about reforms in the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I organised this meeting. We are in regular parleys to reduce the burdens seen in economy. We are searching for measures to lower the interest rate of banks. We will reach a conclusion soon," PM Dahal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the PM noted that increased foreign exchange reserves and improved remittance inflow has eased the crisis to some extent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the PM shared that he was thinking of holding a massive consultations with the representatives of the government and private sector before unveiling the new budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problems will not be resolved just by trading barbs, the PM said, adding that the current challenges and pressures on economy could be addressed through mutual cooperation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying that both national and international factors are responsible for the current economic crisis, PM Dahal stated that the government is effortful to increase revenue collection and curb revenue leakage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We will ensure firm monitoring mechanism, which brings reform in the economy. We cannot address the issue of liquidity crunch unless real estate business is facilitated. So, we will reach a conclusion soon in this regard," the PM told the private sector's representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the PM said that the anarchic activities including advocating the nonpayment of bank loans will not be entertained. "Hooliganism cannot be tolerated. The government will be strict on this," the PM said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the CEOs of the BFIs and officials urged for the security of the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Present on the occasion were Finance Minister Dr Prakash Sharan Mahat, Chief Secretary Shanker Das Bairagi, Nepal Rastra Bank's Governor Maha Prasad Adhikari, Home Secretary Binod Prakash Singh, Finance Secretary Toyam Raya and other high-ranking officials. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17250', 'image' => '20230411120614_PRO-KTM-066A1003.JPG', 'article_date' => '2023-04-11 12:05:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17514', 'article_category_id' => '1', 'title' => 'Entrepreneurs Demand International Flights from Pokhara Airport ', 'sub_title' => '', 'summary' => 'April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with Prime Minister Dahal at Singha Durbar on Monday, a delegation of entrepreneurs under the leadership of Pokhara Tourism Council put forth 15-point demands including operation of international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The business community also requested the PM to lower the interest rate of banks to a single digit along with rescheduling of loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Council Chair Pom Narayan Shrestha said opening heritages of Pokhara including Ratna Temple and Hima Griha are also their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared that they urged the prime minister to take policy-level initiation for the operation of flights immediately from Pokhara to India, China, Bangladesh and other destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ensuring the organisational representation of tourism-related organisations by making administrative and managerial reforms of the Nepal Tourism Board, repair and upgrading of highways for the convenient travel of tourists entering Nepal by road, structural reform of Civil Aviation Authority of Nepal (CAAN) were the other demands put forth by the delegation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, industrialists and entrepreneurs associated with Pokhara Chamber of Commerce and Industry, Nepal Association of Tours and Travel Agents, Restaurant and Bar Association, as well as other organisations said they were facing difficulties in running business and requested the prime minister to bring paragliding of Pokhara into operation in a way that it does not affect international flights. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17249', 'image' => '20230411113521_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-04-11 11:34:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17513', 'article_category_id' => '1', 'title' => 'ISPs Decide to make Internet Service Effective ', 'sub_title' => '', 'summary' => 'April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A special meeting of ISPA attended by its chairman, board members, chief executive director and others decided to improve internet quality as per the global standard by internalizing the goal of digital Nepal framework set by the government. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ISPs have been called to cooperate with each other. They are also for managing well the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the special gathering is to work in unison with the Nepal Telecommunications Authority and other concerned agencies of Nepal government for making internet sector systematic. Issuing a press release following the gathering, ISPA stated that procedural preparation would be intensified to implement the decisions. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17248', 'image' => '20230411103022_Internett.jpg', 'article_date' => '2023-04-11 10:29:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17511', 'article_category_id' => '1', 'title' => 'Police Welfare Fund Provides Rs 20 Million to Police Hospital', 'sub_title' => '', 'summary' => 'Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. ', 'content' => '<p><span style="font-size:20px">April 11: Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. </span></p> <p><span style="font-size:20px">Inspector General of Police, Basanta Bahadur Kunwar, handed over the bank cheque to Medical Director of the Hospital, Additional Inspector General, Dr Asha Singh, on Monday on the occasion of 39th anniversary of the Nepal Police Hospital. </span></p> <p><span style="font-size:20px">On the occasion, IGP Kunwar praised the role of all the seniors who contributed with their tireless efforts and dedication to bring the Nepal Police Hospital to the current status. </span></p> <p><span style="font-size:20px">Saying that there should be an equal opportunity to police staff of all ranks and general public in the Nepal Police Hospital's services, the Police Chief directed the Hospital employees to deliver best possible services with excellent treatment and services. </span></p> <p><span style="font-size:20px">IGP Kunwar also said that all police personnel and staff should be active to enhance the image of the police organisation and to achieve organisation's goal. ----RSS</span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17246', 'image' => '20230411055817_collage (68).jpg', 'article_date' => '2023-04-11 05:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17510', 'article_category_id' => '1', 'title' => 'Finance Minister Dr Mahat Directs Customs Officials to Work Dutifully to Produce Results ', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.', 'content' => '<p><span style="font-size:20px">April 10: Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.</span></p> <p><span style="font-size:20px">Addressing the Customs Management Seminar organized by the Department of Customs in Kathmandu, Minister Mahat directed the customs officials to give utmost priority to their responsibility. </span></p> <p><span style="font-size:20px">"I don't mean to say the traders involved in the import and export business be given unnecessary hassles. You know well what the right things are, but these are not being implemented. I want to draw your attention towards that," the Finance Minister said. </span></p> <p><span style="font-size:20px">Stating the Ministry of Finance under his leadership is effortful in carrying out works in a transparent manner, he asked to the responsible officials to carry out their works seriously. "Let us start the culture of working in a responsible and accountable manner," he reiterated. </span></p> <p><span style="font-size:20px">Customs Department is not solely responsible for the fall of revenue collection, as many causes are behind the drop, added Dr Mahat.</span></p> <p><span style="font-size:20px">Serious discussions have been held with the security bodies for stopping leakage of revenue, Mahat said Mahat. He urged the customs officials to monitor revenue collection in support of the security bodies and the customs officers. </span></p> <p><span style="font-size:20px">"Revenue collection has dropped at many customs checkpoints including at Bhairahawa, Birgunj and Rasuwa checkpoints,” he added. </span></p> <p><span style="font-size:20px">Noting that income had decreased even to cover general expenditures, Dr Mahat said that the government was according high priority to solve the current financial crisis. </span></p> <p><span style="font-size:20px">Mahat informed that the government is doing everything possible to give a way-out to the country from current the financial fiasco.</span></p> <p><span style="font-size:20px">Finance Minister Dr Mahat urged the customs officers to pay attention to unnecessary hassles and difficulties facing industrialists and businessmen. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17245', 'image' => '20230410064307_collage - 2023-04-10T184347.079.jpg', 'article_date' => '2023-04-10 18:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17507', 'article_category_id' => '1', 'title' => 'Former Korean Minister Lee Urges Nepal to Create a Conducive Environment for Investment ', 'sub_title' => '', 'summary' => 'April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He made such a statement during a meeting with Vice Chairperson of the National Planning Commission (NPC) Dr Min Bahadur Shrestha in Kathmandu on Monday. Nepal could take a stride in development activities by bringing in technologies and investments from Korea, said Dr Lee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Having served for around four decades in various sectors with the Korean government including the economic planning department, Lee stressed the need for a strong leadership for the development of a country. He said that a 'robust and strong' leadership in Korea helped develop the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"There are many potentials in Nepal. It can make a stride in development by properly utilising these opportunities. We will coordinate in taking global investments and technologies to the country once there is a conducive environment," said Lee, who is the president of the Korea-Asia Economic Cooperation Association. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He referred to foreign aids, technologies and investments received by Korea for its development. He underscored the need for the Government of Nepal to prioritise infrastructures, transport and electricity and make investments in the projects keeping in view its limited resources. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NPC Vice Chairperson Shrestha thanked Lee for his gratitude toward Nepal.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Binod Kunwar, the International Coordination Council, the Non-Resident Nepali Association said that Nepal has a potential for development by using the technologies and the development model adopted by developed countries like South Korea. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Others present on the occasion were the NRNA former vice president Sonam Lama, general secretary Janaki Gurung, executive directors Rajesh Rana, Dipesh Khatri, chairperson of the Ropeway Nepal Gunaraj Dhakal and operator of Laxmi Bank Dinesh. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, Lee, who is in Nepal for a weeklong visit, met with Finance Minister Dr Prakash Sharan Mahat and high-ranking government officials including officer bearers of the Investment Board Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17242', 'image' => '20230410033919_1681108090.Korean Minister.jpg', 'article_date' => '2023-04-10 15:38:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17520', 'article_category_id' => '1', 'title' => 'Inflow of Remittance Increases by 25 Percent', 'sub_title' => '', 'summary' => 'April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">April 11: Inflow of remittance increased by 25.3 percent in the first eight months of the current fiscal year against decrease of 1.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report unveiled by Nepal Rastra Bank (NRB) on Tuesday, remittance inflow in the review period stood at Rs 794.32 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the US Dollar terms, remittance inflow increased 14.8 percent to 6.09 billion in the review period against a decrease of 2.6 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, the number of Nepali workers (institutional and individual) taking approval for foreign employment increased 54.3 percent to 351,761 in the review period. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of Nepali workers renewing their foreign employment permits increased 8.0 percent to 192,559 in the review period. It had increased 240.9 percent in the same period of the previous year, the NRB report added. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Net transfer increased 23.9 percent to Rs 876.07 billion in the review period. Such a transfer had decreased 1.6 percent in the same period of the previous year.</span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17255', 'image' => '20230411041613_Remittance.jpg', 'article_date' => '2023-04-11 16:15:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17518', 'article_category_id' => '1', 'title' => 'Government to Merge Survey Office and Land Revenue Office', 'sub_title' => '', 'summary' => 'April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The government is preparing to merge the Survey Office and the Land Revenue Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The process has been forwarded to merge the offices in a bid to make service delivery effective and reduce problems faced by the service seekers in reaching the two separate offices of the same kind in terms of service they provide, said Dr Damodar Regmi, secretary of the Ministry of Land Management, Cooperatives and Poverty Alleviation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The merger will also help save some government expenditures,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Survey Department’s Director General Janak Raj Joshi said the merger is about to take place because there is no need to have separate offices of Survey Department and Land Revenue Office. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17253', 'image' => '20230411030542_merger.jpg', 'article_date' => '2023-04-11 15:05:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17517', 'article_category_id' => '1', 'title' => '57th AGM of FNCCI Kicks Off', 'sub_title' => '', 'summary' => 'April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">April 11: The 57th Annual General Meeting (AGM) of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has started from today (Tuesday).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The AGM will elect a new leadership of the federation. Chandra Dhakal, who is currently the senior vice president of the federation, will automatically become the president after the annual general meeting. There is a provision in the statute of the federation that the person who is the senior vice-president in the previous term will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The elections for the post of senior vice president and other positions will be held on Wednesday during the AGM. According to the federation, the voting will be held at the Nepal Academy Hall from 8 am on Wednesday. Altogether 118 people have registered their candidacy for 64 positions, including senior vice president, vice president and executive member for the election.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A total of three candidates will be vying for one post of senior vice president, eight candidates will compete for the posts of three vice presidents and 104 candidates are in the fray for 58 positions of FNCCI members. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The election of the senior vice-president of the federation is being watched with much interest due to the provision that the senior vice president will automatically become the president in the next term.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This is the first time that three candidates are contesting for the post of senior vice-president. The three candidates include current vice presidents Ram Chandra Sanghai and Anjan Shrestha and the former Vice President Umesh Lal Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the statute of the FNCCI, a candidate must receive 51 percent of the total votes to be elected as the senior vice president. If no candidate gets 51 percent of the votes in the first round of voting, a second round of voting will be held. According to the federation, only the two candidates who get the most votes will compete in the second round.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As all the three candidates for the position of senior vice president have formed their own panels, there will be competition between all the three panels in the upcoming elections. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ram Chandra Sanghai, who is also the current vice president, has nominated Suraj Krishna Vaidya as the district vice president, Sakunta Lal Hirachan as the objective vice president and Jyotsana Shrestha as the associate vice president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, former vice-president Umesh Lal Shrestha has nominated Dinesh Shrestha, who is still in the same position, as the district vice-president and Hemraj Dhakal as the objective vice-president from his group.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The incumbent vice president Anjan Shrestha has nominated Arun Sumargi as the district vice president and Manish Lal Pradhan as the objective vice president from his group. Bharatraj Acharya is the common candidate for associate vice president from the groups of Umesh Lal Shrestha and Anjan Shrestha.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17252', 'image' => '20230411024822_1681198535.jpeg', 'article_date' => '2023-04-11 14:47:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17516', 'article_category_id' => '1', 'title' => 'Import of Apples Declines by 10 Percent', 'sub_title' => 'KMC’s decision to ban the sale of goods on bicycles to blame for the slump in consumption of apples', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">April 11: Import of apple in Nepal has decreased by 10 percent in the first eight months of the current fiscal year. According to the data of the Department of Customs, 57.12 million kilograms of apples have been imported into Nepal between mid-July to mid-February this year. During the corresponding period of last fiscal year, Nepal imported 63.61 million kilograms of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the department, the country has spent Rs 4.45 billion to import apples during the review period of the current fiscal year. During the same period of last year, this amount was Rs 7.15 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Amar Baniya, a trader at Kuleshwar Fruit Market, says that the import has decreased due to the decrease in the consumption of apples. According to him, consumption of apples has decreased by 40 percent this year. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">“In previous years, fruit sellers used to go from door to door and sell fruit on bicycles. Now there are no such sellers," he explained the reason for the decline in the sale of apples.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Traders say that the sales of apples have decreased after the Kathmandu Metropolitan City banned the sale of fruits and other goods along the roadside on bicycles and carts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Kamal Basnet, who has been selling fruits along with groceries in Kalimati, also says that the apple business has decreased drastically now. He said that he used to sell 20-30 kg of apples daily last year but now it is difficult to sell 10 kg of apples a day.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Decreased consumption increased the price!</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The traders say that the consumption of apples has decreased but their prices have increased. This is exactly the opposite to the theory of economics, which states that the price increases when the demand is high and it declines when the demand is low.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In other words, when consumption decreases, prices also decrease but this is not the case in Nepal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Last year, the wholesale price of apples was Rs 100-110 per kg, while this year it has reached Rs 160 per kg. Along with the wholesale price, the retail price of apples has also increased. Apples, which were sold at Rs 140 per kg last year, now cost between Rs 150-180. Fuji apple which was Rs 240 per kg last year has now increased by Rs 60.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Businessman Baniya says that apples have been stockpiled in stores after the consumption has decreased.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">How much import from which country?</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Nepal imports apples from India, China, America and other countries. During the review period of the current fiscal year, most of the apples have been imported from China. According to the department, during the review period, 27.77 million kilograms of apples worth Rs 2.52 billion were imported from China. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, 20.93 million kg of apples worth Rs 1.92 billion were imported from India.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, 35,000 kilograms of apples worth Rs 2.7 million were imported from Switzerland and 20,580 kilograms of apples worth Rs 5.5 million from the United States.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17251', 'image' => '20230411020433_20220214024649_1644793529.Clipboard13.jpg', 'article_date' => '2023-04-11 14:00:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17515', 'article_category_id' => '1', 'title' => 'PM Calls for Mutual Cooperation to Troubleshoot Issues Faced by the Economy ', 'sub_title' => '', 'summary' => 'April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Prime Minister Pushpa Kamal Dahal has said that the government is working to explore different measures to lower the interest rate of banks. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the representatives of banks and financial institutions (BFIs) on Monday, the PM said that the government has been working seriously to bring about reforms in the economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I organised this meeting. We are in regular parleys to reduce the burdens seen in economy. We are searching for measures to lower the interest rate of banks. We will reach a conclusion soon," PM Dahal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the PM noted that increased foreign exchange reserves and improved remittance inflow has eased the crisis to some extent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the PM shared that he was thinking of holding a massive consultations with the representatives of the government and private sector before unveiling the new budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problems will not be resolved just by trading barbs, the PM said, adding that the current challenges and pressures on economy could be addressed through mutual cooperation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Saying that both national and international factors are responsible for the current economic crisis, PM Dahal stated that the government is effortful to increase revenue collection and curb revenue leakage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We will ensure firm monitoring mechanism, which brings reform in the economy. We cannot address the issue of liquidity crunch unless real estate business is facilitated. So, we will reach a conclusion soon in this regard," the PM told the private sector's representatives. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the PM said that the anarchic activities including advocating the nonpayment of bank loans will not be entertained. "Hooliganism cannot be tolerated. The government will be strict on this," the PM said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the CEOs of the BFIs and officials urged for the security of the banking sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Present on the occasion were Finance Minister Dr Prakash Sharan Mahat, Chief Secretary Shanker Das Bairagi, Nepal Rastra Bank's Governor Maha Prasad Adhikari, Home Secretary Binod Prakash Singh, Finance Secretary Toyam Raya and other high-ranking officials. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17250', 'image' => '20230411120614_PRO-KTM-066A1003.JPG', 'article_date' => '2023-04-11 12:05:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17514', 'article_category_id' => '1', 'title' => 'Entrepreneurs Demand International Flights from Pokhara Airport ', 'sub_title' => '', 'summary' => 'April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: Industrialists and entrepreneurs of Pokhara have urged Prime Minister Pushpa Kamal Dahal to make arrangements for the operation of international flights from Pokhara Regional International Airport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with Prime Minister Dahal at Singha Durbar on Monday, a delegation of entrepreneurs under the leadership of Pokhara Tourism Council put forth 15-point demands including operation of international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The business community also requested the PM to lower the interest rate of banks to a single digit along with rescheduling of loan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Council Chair Pom Narayan Shrestha said opening heritages of Pokhara including Ratna Temple and Hima Griha are also their demands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared that they urged the prime minister to take policy-level initiation for the operation of flights immediately from Pokhara to India, China, Bangladesh and other destinations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ensuring the organisational representation of tourism-related organisations by making administrative and managerial reforms of the Nepal Tourism Board, repair and upgrading of highways for the convenient travel of tourists entering Nepal by road, structural reform of Civil Aviation Authority of Nepal (CAAN) were the other demands put forth by the delegation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, industrialists and entrepreneurs associated with Pokhara Chamber of Commerce and Industry, Nepal Association of Tours and Travel Agents, Restaurant and Bar Association, as well as other organisations said they were facing difficulties in running business and requested the prime minister to bring paragliding of Pokhara into operation in a way that it does not affect international flights. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17249', 'image' => '20230411113521_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-04-11 11:34:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17513', 'article_category_id' => '1', 'title' => 'ISPs Decide to make Internet Service Effective ', 'sub_title' => '', 'summary' => 'April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 11: The Internet Service Providers' Association (ISPA) has decided to make internet service more effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A special meeting of ISPA attended by its chairman, board members, chief executive director and others decided to improve internet quality as per the global standard by internalizing the goal of digital Nepal framework set by the government. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ISPs have been called to cooperate with each other. They are also for managing well the service. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the special gathering is to work in unison with the Nepal Telecommunications Authority and other concerned agencies of Nepal government for making internet sector systematic. Issuing a press release following the gathering, ISPA stated that procedural preparation would be intensified to implement the decisions. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17248', 'image' => '20230411103022_Internett.jpg', 'article_date' => '2023-04-11 10:29:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17511', 'article_category_id' => '1', 'title' => 'Police Welfare Fund Provides Rs 20 Million to Police Hospital', 'sub_title' => '', 'summary' => 'Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. ', 'content' => '<p><span style="font-size:20px">April 11: Nepal Police Welfare Fund has handed over a cheque amounting to Rs 20 million to Nepal Police Hospital, Maharajgunj. </span></p> <p><span style="font-size:20px">Inspector General of Police, Basanta Bahadur Kunwar, handed over the bank cheque to Medical Director of the Hospital, Additional Inspector General, Dr Asha Singh, on Monday on the occasion of 39th anniversary of the Nepal Police Hospital. </span></p> <p><span style="font-size:20px">On the occasion, IGP Kunwar praised the role of all the seniors who contributed with their tireless efforts and dedication to bring the Nepal Police Hospital to the current status. </span></p> <p><span style="font-size:20px">Saying that there should be an equal opportunity to police staff of all ranks and general public in the Nepal Police Hospital's services, the Police Chief directed the Hospital employees to deliver best possible services with excellent treatment and services. </span></p> <p><span style="font-size:20px">IGP Kunwar also said that all police personnel and staff should be active to enhance the image of the police organisation and to achieve organisation's goal. ----RSS</span></p> ', 'published' => true, 'created' => '2023-04-11', 'modified' => '2023-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '17246', 'image' => '20230411055817_collage (68).jpg', 'article_date' => '2023-04-11 05:56:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17510', 'article_category_id' => '1', 'title' => 'Finance Minister Dr Mahat Directs Customs Officials to Work Dutifully to Produce Results ', 'sub_title' => '', 'summary' => 'Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.', 'content' => '<p><span style="font-size:20px">April 10: Finance Minister Dr Prakash Sharan Mahat on Monday directed the customs officials to work dutifully to meet the revenue collection target.</span></p> <p><span style="font-size:20px">Addressing the Customs Management Seminar organized by the Department of Customs in Kathmandu, Minister Mahat directed the customs officials to give utmost priority to their responsibility. </span></p> <p><span style="font-size:20px">"I don't mean to say the traders involved in the import and export business be given unnecessary hassles. You know well what the right things are, but these are not being implemented. I want to draw your attention towards that," the Finance Minister said. </span></p> <p><span style="font-size:20px">Stating the Ministry of Finance under his leadership is effortful in carrying out works in a transparent manner, he asked to the responsible officials to carry out their works seriously. "Let us start the culture of working in a responsible and accountable manner," he reiterated. </span></p> <p><span style="font-size:20px">Customs Department is not solely responsible for the fall of revenue collection, as many causes are behind the drop, added Dr Mahat.</span></p> <p><span style="font-size:20px">Serious discussions have been held with the security bodies for stopping leakage of revenue, Mahat said Mahat. He urged the customs officials to monitor revenue collection in support of the security bodies and the customs officers. </span></p> <p><span style="font-size:20px">"Revenue collection has dropped at many customs checkpoints including at Bhairahawa, Birgunj and Rasuwa checkpoints,” he added. </span></p> <p><span style="font-size:20px">Noting that income had decreased even to cover general expenditures, Dr Mahat said that the government was according high priority to solve the current financial crisis. </span></p> <p><span style="font-size:20px">Mahat informed that the government is doing everything possible to give a way-out to the country from current the financial fiasco.</span></p> <p><span style="font-size:20px">Finance Minister Dr Mahat urged the customs officers to pay attention to unnecessary hassles and difficulties facing industrialists and businessmen. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17245', 'image' => '20230410064307_collage - 2023-04-10T184347.079.jpg', 'article_date' => '2023-04-10 18:40:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17507', 'article_category_id' => '1', 'title' => 'Former Korean Minister Lee Urges Nepal to Create a Conducive Environment for Investment ', 'sub_title' => '', 'summary' => 'April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: Visiting former minister of South Korea Dr Lee Nam Kee has said that the Government of South Korea is interested in investing in Nepal provided that there is a conducive environment for investment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He made such a statement during a meeting with Vice Chairperson of the National Planning Commission (NPC) Dr Min Bahadur Shrestha in Kathmandu on Monday. Nepal could take a stride in development activities by bringing in technologies and investments from Korea, said Dr Lee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Having served for around four decades in various sectors with the Korean government including the economic planning department, Lee stressed the need for a strong leadership for the development of a country. He said that a 'robust and strong' leadership in Korea helped develop the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"There are many potentials in Nepal. It can make a stride in development by properly utilising these opportunities. We will coordinate in taking global investments and technologies to the country once there is a conducive environment," said Lee, who is the president of the Korea-Asia Economic Cooperation Association. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He referred to foreign aids, technologies and investments received by Korea for its development. He underscored the need for the Government of Nepal to prioritise infrastructures, transport and electricity and make investments in the projects keeping in view its limited resources. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NPC Vice Chairperson Shrestha thanked Lee for his gratitude toward Nepal.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Binod Kunwar, the International Coordination Council, the Non-Resident Nepali Association said that Nepal has a potential for development by using the technologies and the development model adopted by developed countries like South Korea. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Others present on the occasion were the NRNA former vice president Sonam Lama, general secretary Janaki Gurung, executive directors Rajesh Rana, Dipesh Khatri, chairperson of the Ropeway Nepal Gunaraj Dhakal and operator of Laxmi Bank Dinesh. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, Lee, who is in Nepal for a weeklong visit, met with Finance Minister Dr Prakash Sharan Mahat and high-ranking government officials including officer bearers of the Investment Board Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17242', 'image' => '20230410033919_1681108090.Korean Minister.jpg', 'article_date' => '2023-04-10 15:38:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17506', 'article_category_id' => '1', 'title' => 'SC Quashes Petition Against SEBON, Paves Way for the Board to Issue License', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">April 10: The Supreme Court has paved the way for the Securities Board of Nepal (SEBON) to issue license for the second stock exchange platform in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The board can now issue license after the apex court cancelled the second writ petition filed against SEBON’s move to issue such license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">A division bench of Justices Anil Kumar Sinha and Sushma Lata Mathema decided to quashed the petition filed by advocate Deepak Bikram Mishra demanding the cancellation of the new license to be distributed by the board.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Last August, the board amended the regulations to distribute new licenses. Two cases were filed at the Supreme Court saying that the regulations amended by the board were not in accordance with the rules. Advocate Deepak Bikram Mishra filed a petition in the Supreme Court on October 17 and Advocate Amrit Kharel on November 2 demanding the cancellation of the new license distribution process.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">The writ filed by advocate Amrit Kharel was dismissed on December 28 last year. A full bench of SC justices Hari Krishna Karki, Ishwar Prasad Khatiwada, Dr Anand Mohan Bhattarai, Anil Kumar Sinha and Sapna Pradhan Malla had dismissed the petition.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">With the aim of making the securities market more competitive, the Board implemented the Second Amendment to the Securities Market Operation Regulations, 2064 and the Fourth Amendment to the Securities Dealers (Securities Brokers and Securities Dealers) Regulations, 2064.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">After the implementation of the revised regulations, the board opened the application for distribution of new licenses on September 18. After the writ petition was filed, the board suspended the license distribution process from November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif""> The board has already received 45 applications for new broker’s license.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:13.5pt"><span style="font-family:"Arial","sans-serif"">Based on the capital structure, the board collected applications for the distribution of three types of broker licenses. However, the board suspended the process on November 1, the last day of collecting applications for licenses of one new stock exchange and two commodity exchange ompanies following the court order.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17241', 'image' => '20230410025857_Supreme Court.jpg', 'article_date' => '2023-04-10 14:57:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17505', 'article_category_id' => '1', 'title' => 'Policyholders Surrendering Life Insurance Policy on the Rise', 'sub_title' => '', 'summary' => 'April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: The number of policyholders surrendering their insurance policies is on a rise in Nepal. Due to the increase in the number of policy surrenders, the life insurance companies had to refund nearly Rs 9 billion in insurance fees in just eight months of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the insurance companies have returned more than Rs 5.85 billion from mid-July to mid-March of the current fiscal year after the insured surrendered their policy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As per the authority, the highest number of policies was surrendered from mid-July to mid-August, withdrawing more than Rs 1.51 billion from the insurance companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, from mid-February to mid-March, insurance companies returned more than Rs 1 billion in insurance fee through policy surrender of 8,939 policies, according to the data released by the authority. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the review period, the highest amount of insurance fee was returned by Nepal Life Insurance Company worth Rs 342 million. In the second place, it is Life Insurance Corporation (Nepal) Limited returned Rs 157.3 million. In the third place was National Insurance Institute, which returned Rs 144.1 million due to surrender of insurance fee.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Prasad Khatri, Chief Executive Officer of National Life Insurance Company, says that policy surrender has increased now than in the past due to the direct impact of economic slowdown, affecting insurance business as well.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“Most of the insured had deposited money in the cooperatives and paid the insurance fee with the interest. However, due to the collapse of the cooperatives, the way to pay the insurance fee of the insured has been closed,” said Khatri, adding, “Business as well has halted currently, closing the door for insured to pay the insurance fees. Many insured people were forced to surrender their policy due to not being able to pay the insurance fee.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Insurance is done by people only after fulfilling their other basic requirements. At present, as the source of income has stopped, many people are struggling to meet their basic needs. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17240', 'image' => '20230410013744_Insurance.jpg', 'article_date' => '2023-04-10 13:37:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17504', 'article_category_id' => '1', 'title' => 'Construction Industry Suffering due to Delay in Payment of Large Amount', 'sub_title' => '', 'summary' => 'April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">April 10: Vice Chairman of National Planning Commission (NPC) Dr. Min Bahadur Shrestha has revealed that the economy has come to a standstill because of the government’s delay releasing payment of large amount of money to the builders. He added that the government is positive about the payment of money to the construction entrepreneurs though.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During a meeting with representatives of the Federation of Contractor’s Association of Nepal (FCAN) on Sunday, Shrestha said that there are many problems in the construction industry. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">He noted that builders are suffering from problems such as difficulty in acquiring land, lack of budget and construction materials, and community resistance. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“As an umbrella organization, the federation can make construction professionals more responsible and the personal role should be made more effective,” Shrestha said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">During the meeting, FCAN President Ravi Singh apprised NPC Vice Chair Shrestha about the existing problems of the construction industry and the solutions. He said that the construction industry could not become professional because of the government's working style. Singh said that the practice of inviting tenders without managing the budget is wrong and mentioned that the practice of not being able to use the resources of the country should be ended.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also demanded that the businessmen should receive 20 percent mobilization deposit as per the Public Procurement Act. Meanwhile, FCAN mentioned that the businessmen who were hit hard by the inflation in recent times did not get any relief. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">FCAN also emphasized that the National Planning Commission should work boldly without bowing to pressure from anyone while drawing attention to the issues that should be included in the upcoming budget for the development of the construction industry.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17239', 'image' => '20230410120236_fcann.jpg', 'article_date' => '2023-04-10 12:01:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17503', 'article_category_id' => '1', 'title' => 'Department of Civil Registration Revises Provision about Non-Marital Child ', 'sub_title' => '', 'summary' => 'April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 10: The Department of National ID and Civil Registration has come up with a new circular for issuing a birth certificate to a non-marital child. The fresh circular mandates the authorities concerned to record the birth details of a child born to a single mother and whose paternal lineage remains unidentified in mother's surname along with her address. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, on April 5, the department added a new provision targeting a non-marital child with unidentified paternal lineage. The circular was for issuing birth certificate to such child with the surname of his/her maternal family. The circular received widespread criticism, citing it a case of gender-based discrimination against women as it disapproved the independent identity of a woman in case the father of the child gets identified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the department Rudra Prasad Pundit said the provision was revised following the public concerns over the previous circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the clause requiring cancellation of the birth registration issued under this category and the issuance of a new certificate with the address of the father if the identity of the child's father is ascertained was also revised. Now in such situation, the new birth certificate shall be issued with the father's surname or mother's or of both. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17238', 'image' => '20230410102255_Rastriya-Parichayapatra-and-Panjikaran-Bibhag.jpg', 'article_date' => '2023-04-10 10:21:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17502', 'article_category_id' => '1', 'title' => 'Department of Railways Changes Alignment at Nijgadh Section of East-West Railways ', 'sub_title' => '', 'summary' => 'Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.', 'content' => '<p><span style="font-size:20px"> <br /> April 10: Department of Railways has changed a track design(alignment) once again at Bara’s Nijgadh along the East-West Railways.</span></p> <p><span style="font-size:20px">Officials at the Department of Railways said that talks between stakeholders of Nijgadh Municipality and the department had changed the track design(alignment) along the Nijgadh section for the second time. </span></p> <p><span style="font-size:20px">Engineer Sumod Pokhrel at the department said that alignment was changed for the second time to build station of East-west railways and Kathmandu-Birgunj railways to be constructed by India at the same place. </span></p> <p><span style="font-size:20px">Earlier, the track design was prepared from the east banks of Bakaiya khola at Nijgadh. As per the new track design, railway’s alignment will pass through forest area across Bakaiya khola at Nijgadh-10. </span></p> <p><span style="font-size:20px">Nepal government has initiated the work of 925 kilometers long railways from Kakarvitta in the east to Kanchnapur’s Gaddachauki in the west. </span></p> <p><span style="font-size:20px">The work to open the track from Bardibash to Nijgadh is underway. Locals have been disputing over the issue of alignment at Nijgadh area.</span></p> <p><span style="font-size:20px">The department has been changing the alignment to allay concerns of the local people at Nijgadh.<br /> Locals say that the changed alignment will destroy the forest and Chure hill will be adversely affected.</span></p> <p><span style="font-size:20px">Earlier, alignment was changed due to locals’ protest. Locals had formed a Railway Victim Concern Committee and protested saying that the alignment would destroy dense forest.</span></p> <p><span style="font-size:20px">Railway department had agreed for the alignment to pass through the banks of Bakaiya Khola to address the concerns of local people.</span></p> <p><span style="font-size:20px">Then, locals had submitted a memorandum of understanding to various agencies including the Office of Prime Minister. They had staged protest at various places, disrupting the survey work. It takes 50-meter breadth of geography for the railway. </span></p> ', 'published' => true, 'created' => '2023-04-10', 'modified' => '2023-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '17237', 'image' => '20230410072821_collage (67).jpg', 'article_date' => '2023-04-10 07:25:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
