April 7: Recession in the real estate business has started to affect not only the big but also the small…
April 7: Recession in the real estate business has started to affect not only the big but also the small…
April 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday.…
April 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as…
April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a…
April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully…
April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three…
April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first…
The 10-party ruling coalition has unveiled its common minimum programme(CMP). The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on…
Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the…
The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket…
April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for…
April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal…
April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever.…
April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy.…
April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic…
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Due to the recession, businessmen are struggling to pay the principal and interest of the loans taken for business operations on time.</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""> It is evident from the notices issued by the banks and financial institutions that there has been a rise in auctioning of mortgaged properties due to non-payment of loans.</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"">Data from the previous quarter of the current fiscal year shows that auction-related notices of about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2,400</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">column centimeters (cc) on an average were published daily in the review period. In this period, the auction graph has almost doubled. The data of 'Minds Nepal' shows that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction-related information is being published daily.</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"">Due to the recession in the real estate sector, the borrowers are not in a position to sell the land and repay the loan. </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"">Banks and financial institutions, which published auction notices in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> column centimeters (cc) space of newspapers in three and a half months from mid-September till the end of December last year, have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more notices in the last one and a half months.</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 data of mid-January till the end of March, the information issued by banks and financial institutions for mortgage auctions is more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. </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 Minds Nepal, this is the data of advertisements related to real estate auction published in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> national daily newspapers published from Kathmandu.</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 this data, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices have been published on a daily basis in the review period. If all the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pages of a national daily newspaper are filled with auction notices, it will be equivalent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. Altogether </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction notice can be published in a single newspaper of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> pages (without any news) continuously for three months.</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"">Banks and financial institutions, which issued </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc auction notices in the month of Magh (mid-January to mid-February), printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">155</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc in the following month (mid-February to mid-March). The notice published in mid-February to mid-March is almost </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more than in January.</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"">On April 2 alone, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices were published on a single day. The Nepali month of Chaitra (mid-March to mid-April) is also the month to pay the principal and interest installments of the banks. At this time, the mortgage auction notice for those who cannot pay the bank loan is published in the upcoming months.</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"">Currently, the number of auctions has reached between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> per month. This figure was less than 400 per month in the months of Kartik, Mangsir and Poush (mid-October to mid-January). </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 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> real estate auction notices were published in those three months.</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"">After that, more than a thousand auction notices were published in the month of Magh (mid-January to mid-February) followed by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">notices in Falgun (mid-February to mid-March) and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> by mid Chaitra (March end).</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 data clearly shows how much the number of auctions has increased rapidly.</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"">Commercial banks have the largest share in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auctions published during this period.</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"">Commercial banks have printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">00,000 cc notices followed by development banks which have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">52</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices while cooperatives have published </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17219', 'image' => '20230407033424_Real estate.jpg', 'article_date' => '2023-04-07 15:33:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17483', 'article_category_id' => '1', 'title' => 'As the Indian currency becomes Stronger, US Dollar Weakens', 'sub_title' => '', 'summary' => 'April 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. ', '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 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. According to the foreign currency exchange rate set by the central bank for Friday, the buying rate of 1 US dollar is Rs 130.72 and the selling rate is Rs 131.32.</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"">On the previous trading day, the NRB had fixed the exchange rate of 1 US dollar at Rs 130.91 and the selling rate at Rs 131.51.</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"">After the Reserve Bank of India, the central bank of India, announced that it will keep the repo rate as it is, experts say that the value of the US dollar in Nepal has decreased as the Indian currency has strengthened. When the Indian currency becomes stronger, the US dollar tends to weaken in Nepal and the Nepalese currency is pegged with the Indian currency</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 buying rate and selling rate of the dollar set by nine commercial banks are lower than the price set by the central bank on Friday. Among them, NMB Bank has the lowest dollar purchase rate.</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, the buying rate and selling rate of dollar of 11 commercial banks are higher than the value determined by the NRB. The dollar exchange rate set by the banks is lower than on Thursday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17218', 'image' => '20230407013841_dollarr.jpg', 'article_date' => '2023-04-07 13:38:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17482', 'article_category_id' => '1', 'title' => 'Business in Thamel Slumps to the Lowest in Two Decades: Businessmen', 'sub_title' => '', 'summary' => 'April 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.', '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 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.</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"">Businessmen of Thamel say that despite the highest number of tourists entering Nepal in the month of March after the coronavirus pandemic largely subsided, the business in Thamel was not much significant. </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"">It has been found that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the tourists who come to Nepal come to Thamel. Punya Ram Lageju, who has been selling trekking goods for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years at Satghumti in Thamel, says that despite the increase in tourists in the Thamel area, the business has not increased. "Compared to before the coronavirus pandemic, there is only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of business now," he says.</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"">Before the pandemic, Lageju used to trade goods worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">a day. He says that now daily business is between Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sharing his business experience of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, Lageju said, "The business is at the lowest point now."</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, Sitaram Regmi, who has been trading clothes in Thamel for a long time, says that the business has declined now compared to the past. He says that although there are a lot of tourists in the streets of Thamel, the business is low. "Sometimes there is no sale at all," says Regmi.</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"">He says that the business has decreased due to the lack of tourists who spend a lot of money. </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"">Meena Kumari Bastola, the owner of Nepal Handicraft Collection, who has been doing the handicraft business in Thamel for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, says that business has decreased drastically in recent times. </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 business is not like before, earlier tourists used to look at the goods coming to the shop. If they liked, they used to buy and take them away. But now, tourists do not enter the shop," says Bastola.</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"">She has been selling and distributing woolen, pashmina, felt and other items. Due to the lack of business in Thamel, businessmen say that they are also facing problems in paying rent to their landlords. </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"">While the businessmen of Thamel area are complaining about the lack of business, hoteliers say that the number of tourists has increased in hotels in Thamel. Bimal Dhamala, who runs the Kathmandu Eco Hotel in Thamel, says that the number of tourists in Thamel has increased recently.</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 Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the hotel I run, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> rooms are filled every day, which is relatively good," he says. Dhamala, who is also the vice-chairman of the Thamel Tourism Development Council, says that the business of the Thamel area has declined because tourists come to stay for a short time. He said that tourists come and stay for one or two nights. </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"">Mahesh Phuyal, general manager of the four-star hotel 'Ramada' in Thamel, says that the rooms of his hotel are now filled up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent every day. He says that the number of tourists in the hotel has increased due to the fact that it is now the peak season of tourism.</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"">With the increase in the number of tourists in Nepal, excitement has also increased in the aviation sector. Lately, there has been an increase in number of tourists visiting the Everest Base Camp in Solukhumbu as well as Mustang, Dolpa, Humla and other areas by air.</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 Sudarshan Bartaula, spokesman of Yeti Airlines and head of air security, the number of tourists traveling through Tara Air, a sister organization of Yeti Airlines, has increased.</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 number of tourists traveling for mountain flights of Tara Airlines and Yeti Airlines has increased," he said.</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"">Lately, Tara Airlines has been flying up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights daily to various destinations. The airline operates </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> daily flights from Ramechhap's Manthali Airport to Solukhumbu's Tenzing Hillary Airport in Lukla. Similarly, the same airline has </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights from Pokhara to Mustang.</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"">March, April, and May are considered as the tourist season in Nepal. According to the Nepal Tourism Board, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">99,426</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists entered Nepal in the month of March alone. In the month of March, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">454</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from SAARC countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">643</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other Asian countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">265</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from Europe and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">958</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other countries arrived 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:"Arial","sans-serif"">Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">707</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from Canada, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">557</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from America and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,375 from the Middle East and other countries have entered Nepal. Maniraj Lamichhane, Director and Information Officer of the Nepal Tourism Board, says that most of the tourists coming in the month of March are from India. According to him, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,911</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from India arrived in Nepal in the month of March alone. In the month of March last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists came from India.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17217', 'image' => '20230407013731_1680850548.329131452_1591616004638934_1778590492350176467_n.jpg', 'article_date' => '2023-04-07 13:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17481', 'article_category_id' => '1', 'title' => 'Clear Arrears of the Period before Enforcement of Federalism: NDAC', 'sub_title' => '', 'summary' => 'April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 50th meeting of the NDAC held at the Office of the Prime Minister and Council of Ministers on Thursday directed the committee to clear the arrears of district development committees and education offices that were in place before the country adopted federalism. Similarly, the arrears at province and local levels have to be cleared on time, the meeting stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> During the meeting, Vice-Chairman of the National Planning Commission, Dr Min Bahadur Shrestha, presented a 17-point proposal on resolving the problems faced in course of the country’s development. Questions were raised on existing Public Procurement Regulation, 2064 which discourages small construction entrepreneurs from participating in bidding process. Whether the regulation could be amended was also discussed during the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the public procurement monitoring office has been asked to submit a report on contract ceiling, tender cost, and bidding duration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Land Management, Cooperatives and Poverty Alleviation has been directed to coordinate with Finance Ministry and Nepal Rastra Bank to regulate the cooperatives for solving the problems surfaced lately in this sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the Ministry of Federal Affairs and General Administration has been directed to ensure adequate human resources at province and local levels so that service delivery and development works would not be hampered. </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"">Various other issues such as revenue sharing between province and local levels on natural resources, need of formulating laws on it, arrangement of G2G scheme to purchase chemical fertilizer, problems of technical institutes and trainers, handover of technical institutes under CTEVT, amendment of law on permission needed from Division Forest Office to cut trees on construction works were also discussed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, unplanned settlements, acquisition of land for construction works, and industrial estate were raised as pressing issue in the meeting. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17216', 'image' => '20230407010644_PMO.jpg', 'article_date' => '2023-04-07 13:06:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17480', 'article_category_id' => '1', 'title' => '132 KV Dordi Corridor Transmission Line Resumes Operation', 'sub_title' => '', 'summary' => 'April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After completing the reconstruction of the four towers damaged by the flood in the Dordi River in the monsoon of 2022, the transmission line has been fully operational since Thursday. With the transmission line fully operational, the infrastructure is ready to support about 300 megawatts of electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Nepal Electricity Authority (NEA) had been partially operating the transmission line from Udipur in Besisahar Municipality of Lamjung to the Kirtipur substation in Dordi rural municipality since last September.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As it seemed that it would take some time to rebuild the flood-damaged towers, the Dordi Corridor line from Udipur Substation to the Dordi Khola-1 hydropower project built by the private sector and from there to Kirtipur Substation using the Dordi Khola-1 transmission line was brought into operation partially.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Project chief Ramesh Paudel said that with the completion of the reconstruction of the tower and the operation of the transmission line, the electricity of all private sector hydropower projects built on the Dordi river has been connected to the Kirtipur substation and flowed to the national grid through the Dordi Corridor transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Twenty-seven MW Dordi Khola, 25 MW Upper Dordi 'A', 12 MW Dordi Khola-1, and 8.63 MW Chepekhola small hydropower projects are connected to the transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the 54-megawatt Super-Dordi 'B' hydropower, which is in the final stage of construction, the electricity of other projects under construction and to be constructed in that corridor will also be connected to this line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Dordi Corridor transmission line is built with an estimated cost of Rs 850 million by the government. The length of the transmission line is 10 km. The project itself has constructed a substation of 132 KV, 10 MVA capacity at Kirtipur.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The four towers of the transmission line, which were completed in the year 2077, were swept away by the flood that occurred in the Dordi River in July 2022. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17215', 'image' => '20230407124200_1680767745.Dordi.jpg', 'article_date' => '2023-04-07 12:41:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17479', 'article_category_id' => '1', 'title' => 'Nepal Assumes Chairmanship of LDC Global Coordination Bureau ', 'sub_title' => '', 'summary' => 'April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A press release issued by the Permanent Mission of Nepal to the United Nations, New York, stated that Nepal assumed the chairmanship in a ceremony organized at the UN Headquarters, New York on April 5. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador and Permanent Representative to the UN, Amrit Bahadur Rai, presided over the handover ceremony. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Ambassador Rai commended Malawi for successfully leading the group amidst the vortex of multiple crises resulting from the pandemic, climate change, and geopolitical tensions to food, energy and financial crisis that had harsh effects on the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared Nepal's commitment to work in the spirit of solidarity with the LDC members, the UN System, and development partners to safeguard and promote the collective interests of the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the LDC Chair, Ambassador Rai said that the effective implementation of the Doha Programme of Action would remain the top priority. He also underlined the importance of mainstreaming the Doha Programme of Action into all relevant UN processes and outcomes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition, Rai expressed Nepal's commitment to work for poverty reduction and sustainable development, securing enhanced international support measures for graduating countries, building resilience to climate change and disasters, climate financing, enhancing trade and investment opportunities, and addressing gender and social inequalities. Similarly, Ambassador Rai emphasized unity and solidarity of the LDC group to secure robust international support including through official development assistance, debt relief, and technology transfer. He also stressed the need for democratic global governance system where LDCs will have voice and representation in global decision-making processes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the event, USG and High Representative, Rabab Fatima, congratulated Nepal for assuming the very important role and assured full support and assistance of her office to the LDC group and its coordination bureau. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The press release further shared that ceremony was attended by the outgoing Chair Agnes Chimbiri Molande, Permanent Representative of Malawi, Rabab Fatima, Under-Secretary-General and UN High Representative for the LDC, Landlocked Developing Countries, and Small Island Developing States along with the Ambassadors and delegates from the LDCs. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17214', 'image' => '20230407114938_Neapl.jpg', 'article_date' => '2023-04-07 11:48:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17478', 'article_category_id' => '1', 'title' => 'Strengthening Country's Economy will be his First Priority: FM Mahat ', 'sub_title' => '', 'summary' => 'April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a meeting with office-bearers of Editors Society of Nepal on Thursday, Minister Mahat shared that the government is engaged in preparation of budget for upcoming fiscal year. </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 main focus of the budget will be strengthening the economy," the state-owned RSS quoted the minister as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FM Mahat also said that government's Common Minimum Programme was drafted in consensus of the ruling alliance parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office-bearers of the Society, congratulated and wished Minister Mahat for his successful term. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, the society's patron Kiran Vaidya, Chairperson Puru Risal, Senior Vice-Chair Pushpa Raj Pradhan, General-Secretary Shyam Kaji Dotel, among others were present on the occasion. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17213', 'image' => '20230407110932_Prakash-sharan-Mahat-1.jpg', 'article_date' => '2023-04-07 11:06:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17477', 'article_category_id' => '1', 'title' => 'Ruling Coalition Unveils Government’s Common Minimum Program ', 'sub_title' => '', 'summary' => 'The 10-party ruling coalition has unveiled its common minimum programme(CMP). The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. ', 'content' => '<p><br /> <span style="font-size:20px">April 7: The 10-party ruling coalition has unveiled its common minimum programme(CMP). </span></p> <p><span style="font-size:20px">The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. </span></p> <p><span style="font-size:20px">The CMP includes priorities of the Government outlined in nine different points including protecting the constitution and amending it as necessary, strengthening the federal democratic republic through implementation of federalism, giving equal importance to policy.</span></p> <p><span style="font-size:20px"> The common minimum programme pledges structural and functional reforms to transform and strengthen the country's economy and to put an end to existing class, ethnic, regional and gender-based differences in the society and building a social system based on equality, freedom and justice. </span></p> <p><span style="font-size:20px">The ruling parties have also expressed a collective commitment to complete the remaining work of the comprehensive peace agreement, and other agreements signed following various popular past movements. </span></p> <p><span style="font-size:20px">The CPM states that government will prioritize governance reforms, corruption control and strict measures to ensure quality service delivery. The government will be working for production-oriented economy, improvement of fair supply and distribution system. </span></p> <p><span style="font-size:20px">Likewise, unnecessary expenses and administrative hassles would be wiped out while making public administration competent, reducing the risks caused by global crises such as climate change, biodiversity loss and environmental pollution, and environmental balance shall be maintained. </span></p> <p><span style="font-size:20px">The government will adopt an independent and balanced foreign policy for the protection of national interests and for the prosperity of the people. </span></p> <p><span style="font-size:20px">Prime Minister and Chairperson of CPN (Maoist Center) Pushpa Kamal Dahal 'Prachanda', President of Nepali Congress Sher Bahadur Deuba, Chairperson of CPN (Unified Socialist) Madhav Kumar Nepal, President of Janata Samajwadi Party Upendra Yadav, President of Loktatantrik Samajwadi Party Mahantha Thakur, President of Samajwadi Party Dr Baburam Bhattarai, President of Janamat Party CK Raut, President of Nagarik Unmukti Party Ranjita Shrestha, President of Aam Janata Party Prabhu Sah and President of Rastriya Janamorcha Nepal Chitra Bahadur KC have signed the common minimum programme. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17212', 'image' => '20230407063930_collage (63).jpg', 'article_date' => '2023-04-07 06:37:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</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"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </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"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</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"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</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"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</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 the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</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"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </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"">"Looking at the situation so far, it seems that the arrival of tourists will increase," he said.</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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 is of particular interest because the senior vice president will automatically become the FNCCI president during 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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</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 Sur Krishna Vaidya as the district vice president, Sukunta 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><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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</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"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said 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:"Nirmala UI","sans-serif"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</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 government has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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' => '17484', 'article_category_id' => '1', 'title' => 'Auction of Real Estate Property Mortgage almost Doubles in Three Months', 'sub_title' => '', 'summary' => 'April 7: Recession in the real estate business has started to affect not only the big but also the small businesses.', '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 7: Recession in the real estate business has started to affect not only the big but also the small businesses. Due to the recession, businessmen are struggling to pay the principal and interest of the loans taken for business operations on time.</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""> It is evident from the notices issued by the banks and financial institutions that there has been a rise in auctioning of mortgaged properties due to non-payment of loans.</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"">Data from the previous quarter of the current fiscal year shows that auction-related notices of about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2,400</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">column centimeters (cc) on an average were published daily in the review period. In this period, the auction graph has almost doubled. The data of 'Minds Nepal' shows that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction-related information is being published daily.</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"">Due to the recession in the real estate sector, the borrowers are not in a position to sell the land and repay the loan. </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"">Banks and financial institutions, which published auction notices in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> column centimeters (cc) space of newspapers in three and a half months from mid-September till the end of December last year, have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more notices in the last one and a half months.</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 data of mid-January till the end of March, the information issued by banks and financial institutions for mortgage auctions is more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. </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 Minds Nepal, this is the data of advertisements related to real estate auction published in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> national daily newspapers published from Kathmandu.</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 this data, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices have been published on a daily basis in the review period. If all the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pages of a national daily newspaper are filled with auction notices, it will be equivalent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. Altogether </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction notice can be published in a single newspaper of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> pages (without any news) continuously for three months.</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"">Banks and financial institutions, which issued </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc auction notices in the month of Magh (mid-January to mid-February), printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">155</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc in the following month (mid-February to mid-March). The notice published in mid-February to mid-March is almost </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more than in January.</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"">On April 2 alone, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices were published on a single day. The Nepali month of Chaitra (mid-March to mid-April) is also the month to pay the principal and interest installments of the banks. At this time, the mortgage auction notice for those who cannot pay the bank loan is published in the upcoming months.</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"">Currently, the number of auctions has reached between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> per month. This figure was less than 400 per month in the months of Kartik, Mangsir and Poush (mid-October to mid-January). </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 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> real estate auction notices were published in those three months.</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"">After that, more than a thousand auction notices were published in the month of Magh (mid-January to mid-February) followed by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">notices in Falgun (mid-February to mid-March) and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> by mid Chaitra (March end).</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 data clearly shows how much the number of auctions has increased rapidly.</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"">Commercial banks have the largest share in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auctions published during this period.</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"">Commercial banks have printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">00,000 cc notices followed by development banks which have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">52</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices while cooperatives have published </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17219', 'image' => '20230407033424_Real estate.jpg', 'article_date' => '2023-04-07 15:33:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17483', 'article_category_id' => '1', 'title' => 'As the Indian currency becomes Stronger, US Dollar Weakens', 'sub_title' => '', 'summary' => 'April 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. ', '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 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. According to the foreign currency exchange rate set by the central bank for Friday, the buying rate of 1 US dollar is Rs 130.72 and the selling rate is Rs 131.32.</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"">On the previous trading day, the NRB had fixed the exchange rate of 1 US dollar at Rs 130.91 and the selling rate at Rs 131.51.</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"">After the Reserve Bank of India, the central bank of India, announced that it will keep the repo rate as it is, experts say that the value of the US dollar in Nepal has decreased as the Indian currency has strengthened. When the Indian currency becomes stronger, the US dollar tends to weaken in Nepal and the Nepalese currency is pegged with the Indian currency</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 buying rate and selling rate of the dollar set by nine commercial banks are lower than the price set by the central bank on Friday. Among them, NMB Bank has the lowest dollar purchase rate.</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, the buying rate and selling rate of dollar of 11 commercial banks are higher than the value determined by the NRB. The dollar exchange rate set by the banks is lower than on Thursday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17218', 'image' => '20230407013841_dollarr.jpg', 'article_date' => '2023-04-07 13:38:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17482', 'article_category_id' => '1', 'title' => 'Business in Thamel Slumps to the Lowest in Two Decades: Businessmen', 'sub_title' => '', 'summary' => 'April 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.', '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 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.</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"">Businessmen of Thamel say that despite the highest number of tourists entering Nepal in the month of March after the coronavirus pandemic largely subsided, the business in Thamel was not much significant. </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"">It has been found that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the tourists who come to Nepal come to Thamel. Punya Ram Lageju, who has been selling trekking goods for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years at Satghumti in Thamel, says that despite the increase in tourists in the Thamel area, the business has not increased. "Compared to before the coronavirus pandemic, there is only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of business now," he says.</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"">Before the pandemic, Lageju used to trade goods worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">a day. He says that now daily business is between Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sharing his business experience of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, Lageju said, "The business is at the lowest point now."</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, Sitaram Regmi, who has been trading clothes in Thamel for a long time, says that the business has declined now compared to the past. He says that although there are a lot of tourists in the streets of Thamel, the business is low. "Sometimes there is no sale at all," says Regmi.</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"">He says that the business has decreased due to the lack of tourists who spend a lot of money. </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"">Meena Kumari Bastola, the owner of Nepal Handicraft Collection, who has been doing the handicraft business in Thamel for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, says that business has decreased drastically in recent times. </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 business is not like before, earlier tourists used to look at the goods coming to the shop. If they liked, they used to buy and take them away. But now, tourists do not enter the shop," says Bastola.</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"">She has been selling and distributing woolen, pashmina, felt and other items. Due to the lack of business in Thamel, businessmen say that they are also facing problems in paying rent to their landlords. </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"">While the businessmen of Thamel area are complaining about the lack of business, hoteliers say that the number of tourists has increased in hotels in Thamel. Bimal Dhamala, who runs the Kathmandu Eco Hotel in Thamel, says that the number of tourists in Thamel has increased recently.</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 Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the hotel I run, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> rooms are filled every day, which is relatively good," he says. Dhamala, who is also the vice-chairman of the Thamel Tourism Development Council, says that the business of the Thamel area has declined because tourists come to stay for a short time. He said that tourists come and stay for one or two nights. </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"">Mahesh Phuyal, general manager of the four-star hotel 'Ramada' in Thamel, says that the rooms of his hotel are now filled up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent every day. He says that the number of tourists in the hotel has increased due to the fact that it is now the peak season of tourism.</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"">With the increase in the number of tourists in Nepal, excitement has also increased in the aviation sector. Lately, there has been an increase in number of tourists visiting the Everest Base Camp in Solukhumbu as well as Mustang, Dolpa, Humla and other areas by air.</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 Sudarshan Bartaula, spokesman of Yeti Airlines and head of air security, the number of tourists traveling through Tara Air, a sister organization of Yeti Airlines, has increased.</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 number of tourists traveling for mountain flights of Tara Airlines and Yeti Airlines has increased," he said.</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"">Lately, Tara Airlines has been flying up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights daily to various destinations. The airline operates </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> daily flights from Ramechhap's Manthali Airport to Solukhumbu's Tenzing Hillary Airport in Lukla. Similarly, the same airline has </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights from Pokhara to Mustang.</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"">March, April, and May are considered as the tourist season in Nepal. According to the Nepal Tourism Board, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">99,426</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists entered Nepal in the month of March alone. In the month of March, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">454</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from SAARC countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">643</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other Asian countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">265</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from Europe and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">958</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other countries arrived 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:"Arial","sans-serif"">Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">707</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from Canada, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">557</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from America and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,375 from the Middle East and other countries have entered Nepal. Maniraj Lamichhane, Director and Information Officer of the Nepal Tourism Board, says that most of the tourists coming in the month of March are from India. According to him, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,911</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from India arrived in Nepal in the month of March alone. In the month of March last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists came from India.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17217', 'image' => '20230407013731_1680850548.329131452_1591616004638934_1778590492350176467_n.jpg', 'article_date' => '2023-04-07 13:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17481', 'article_category_id' => '1', 'title' => 'Clear Arrears of the Period before Enforcement of Federalism: NDAC', 'sub_title' => '', 'summary' => 'April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 50th meeting of the NDAC held at the Office of the Prime Minister and Council of Ministers on Thursday directed the committee to clear the arrears of district development committees and education offices that were in place before the country adopted federalism. Similarly, the arrears at province and local levels have to be cleared on time, the meeting stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> During the meeting, Vice-Chairman of the National Planning Commission, Dr Min Bahadur Shrestha, presented a 17-point proposal on resolving the problems faced in course of the country’s development. Questions were raised on existing Public Procurement Regulation, 2064 which discourages small construction entrepreneurs from participating in bidding process. Whether the regulation could be amended was also discussed during the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the public procurement monitoring office has been asked to submit a report on contract ceiling, tender cost, and bidding duration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Land Management, Cooperatives and Poverty Alleviation has been directed to coordinate with Finance Ministry and Nepal Rastra Bank to regulate the cooperatives for solving the problems surfaced lately in this sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the Ministry of Federal Affairs and General Administration has been directed to ensure adequate human resources at province and local levels so that service delivery and development works would not be hampered. </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"">Various other issues such as revenue sharing between province and local levels on natural resources, need of formulating laws on it, arrangement of G2G scheme to purchase chemical fertilizer, problems of technical institutes and trainers, handover of technical institutes under CTEVT, amendment of law on permission needed from Division Forest Office to cut trees on construction works were also discussed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, unplanned settlements, acquisition of land for construction works, and industrial estate were raised as pressing issue in the meeting. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17216', 'image' => '20230407010644_PMO.jpg', 'article_date' => '2023-04-07 13:06:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17480', 'article_category_id' => '1', 'title' => '132 KV Dordi Corridor Transmission Line Resumes Operation', 'sub_title' => '', 'summary' => 'April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After completing the reconstruction of the four towers damaged by the flood in the Dordi River in the monsoon of 2022, the transmission line has been fully operational since Thursday. With the transmission line fully operational, the infrastructure is ready to support about 300 megawatts of electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Nepal Electricity Authority (NEA) had been partially operating the transmission line from Udipur in Besisahar Municipality of Lamjung to the Kirtipur substation in Dordi rural municipality since last September.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As it seemed that it would take some time to rebuild the flood-damaged towers, the Dordi Corridor line from Udipur Substation to the Dordi Khola-1 hydropower project built by the private sector and from there to Kirtipur Substation using the Dordi Khola-1 transmission line was brought into operation partially.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Project chief Ramesh Paudel said that with the completion of the reconstruction of the tower and the operation of the transmission line, the electricity of all private sector hydropower projects built on the Dordi river has been connected to the Kirtipur substation and flowed to the national grid through the Dordi Corridor transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Twenty-seven MW Dordi Khola, 25 MW Upper Dordi 'A', 12 MW Dordi Khola-1, and 8.63 MW Chepekhola small hydropower projects are connected to the transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the 54-megawatt Super-Dordi 'B' hydropower, which is in the final stage of construction, the electricity of other projects under construction and to be constructed in that corridor will also be connected to this line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Dordi Corridor transmission line is built with an estimated cost of Rs 850 million by the government. The length of the transmission line is 10 km. The project itself has constructed a substation of 132 KV, 10 MVA capacity at Kirtipur.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The four towers of the transmission line, which were completed in the year 2077, were swept away by the flood that occurred in the Dordi River in July 2022. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17215', 'image' => '20230407124200_1680767745.Dordi.jpg', 'article_date' => '2023-04-07 12:41:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17479', 'article_category_id' => '1', 'title' => 'Nepal Assumes Chairmanship of LDC Global Coordination Bureau ', 'sub_title' => '', 'summary' => 'April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A press release issued by the Permanent Mission of Nepal to the United Nations, New York, stated that Nepal assumed the chairmanship in a ceremony organized at the UN Headquarters, New York on April 5. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador and Permanent Representative to the UN, Amrit Bahadur Rai, presided over the handover ceremony. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Ambassador Rai commended Malawi for successfully leading the group amidst the vortex of multiple crises resulting from the pandemic, climate change, and geopolitical tensions to food, energy and financial crisis that had harsh effects on the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared Nepal's commitment to work in the spirit of solidarity with the LDC members, the UN System, and development partners to safeguard and promote the collective interests of the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the LDC Chair, Ambassador Rai said that the effective implementation of the Doha Programme of Action would remain the top priority. He also underlined the importance of mainstreaming the Doha Programme of Action into all relevant UN processes and outcomes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition, Rai expressed Nepal's commitment to work for poverty reduction and sustainable development, securing enhanced international support measures for graduating countries, building resilience to climate change and disasters, climate financing, enhancing trade and investment opportunities, and addressing gender and social inequalities. Similarly, Ambassador Rai emphasized unity and solidarity of the LDC group to secure robust international support including through official development assistance, debt relief, and technology transfer. He also stressed the need for democratic global governance system where LDCs will have voice and representation in global decision-making processes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the event, USG and High Representative, Rabab Fatima, congratulated Nepal for assuming the very important role and assured full support and assistance of her office to the LDC group and its coordination bureau. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The press release further shared that ceremony was attended by the outgoing Chair Agnes Chimbiri Molande, Permanent Representative of Malawi, Rabab Fatima, Under-Secretary-General and UN High Representative for the LDC, Landlocked Developing Countries, and Small Island Developing States along with the Ambassadors and delegates from the LDCs. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17214', 'image' => '20230407114938_Neapl.jpg', 'article_date' => '2023-04-07 11:48:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17478', 'article_category_id' => '1', 'title' => 'Strengthening Country's Economy will be his First Priority: FM Mahat ', 'sub_title' => '', 'summary' => 'April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a meeting with office-bearers of Editors Society of Nepal on Thursday, Minister Mahat shared that the government is engaged in preparation of budget for upcoming fiscal year. </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 main focus of the budget will be strengthening the economy," the state-owned RSS quoted the minister as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FM Mahat also said that government's Common Minimum Programme was drafted in consensus of the ruling alliance parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office-bearers of the Society, congratulated and wished Minister Mahat for his successful term. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, the society's patron Kiran Vaidya, Chairperson Puru Risal, Senior Vice-Chair Pushpa Raj Pradhan, General-Secretary Shyam Kaji Dotel, among others were present on the occasion. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17213', 'image' => '20230407110932_Prakash-sharan-Mahat-1.jpg', 'article_date' => '2023-04-07 11:06:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17477', 'article_category_id' => '1', 'title' => 'Ruling Coalition Unveils Government’s Common Minimum Program ', 'sub_title' => '', 'summary' => 'The 10-party ruling coalition has unveiled its common minimum programme(CMP). The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. ', 'content' => '<p><br /> <span style="font-size:20px">April 7: The 10-party ruling coalition has unveiled its common minimum programme(CMP). </span></p> <p><span style="font-size:20px">The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. </span></p> <p><span style="font-size:20px">The CMP includes priorities of the Government outlined in nine different points including protecting the constitution and amending it as necessary, strengthening the federal democratic republic through implementation of federalism, giving equal importance to policy.</span></p> <p><span style="font-size:20px"> The common minimum programme pledges structural and functional reforms to transform and strengthen the country's economy and to put an end to existing class, ethnic, regional and gender-based differences in the society and building a social system based on equality, freedom and justice. </span></p> <p><span style="font-size:20px">The ruling parties have also expressed a collective commitment to complete the remaining work of the comprehensive peace agreement, and other agreements signed following various popular past movements. </span></p> <p><span style="font-size:20px">The CPM states that government will prioritize governance reforms, corruption control and strict measures to ensure quality service delivery. The government will be working for production-oriented economy, improvement of fair supply and distribution system. </span></p> <p><span style="font-size:20px">Likewise, unnecessary expenses and administrative hassles would be wiped out while making public administration competent, reducing the risks caused by global crises such as climate change, biodiversity loss and environmental pollution, and environmental balance shall be maintained. </span></p> <p><span style="font-size:20px">The government will adopt an independent and balanced foreign policy for the protection of national interests and for the prosperity of the people. </span></p> <p><span style="font-size:20px">Prime Minister and Chairperson of CPN (Maoist Center) Pushpa Kamal Dahal 'Prachanda', President of Nepali Congress Sher Bahadur Deuba, Chairperson of CPN (Unified Socialist) Madhav Kumar Nepal, President of Janata Samajwadi Party Upendra Yadav, President of Loktatantrik Samajwadi Party Mahantha Thakur, President of Samajwadi Party Dr Baburam Bhattarai, President of Janamat Party CK Raut, President of Nagarik Unmukti Party Ranjita Shrestha, President of Aam Janata Party Prabhu Sah and President of Rastriya Janamorcha Nepal Chitra Bahadur KC have signed the common minimum programme. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17212', 'image' => '20230407063930_collage (63).jpg', 'article_date' => '2023-04-07 06:37:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</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"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </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"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</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"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</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"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</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 the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</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"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </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"">"Looking at the situation so far, it seems that the arrival of tourists will increase," he said.</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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 is of particular interest because the senior vice president will automatically become the FNCCI president during 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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</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 Sur Krishna Vaidya as the district vice president, Sukunta 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><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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</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"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said 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:"Nirmala UI","sans-serif"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</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 government has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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
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Due to the recession, businessmen are struggling to pay the principal and interest of the loans taken for business operations on time.</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""> It is evident from the notices issued by the banks and financial institutions that there has been a rise in auctioning of mortgaged properties due to non-payment of loans.</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"">Data from the previous quarter of the current fiscal year shows that auction-related notices of about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2,400</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">column centimeters (cc) on an average were published daily in the review period. In this period, the auction graph has almost doubled. The data of 'Minds Nepal' shows that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction-related information is being published daily.</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"">Due to the recession in the real estate sector, the borrowers are not in a position to sell the land and repay the loan. </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"">Banks and financial institutions, which published auction notices in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> column centimeters (cc) space of newspapers in three and a half months from mid-September till the end of December last year, have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more notices in the last one and a half months.</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 data of mid-January till the end of March, the information issued by banks and financial institutions for mortgage auctions is more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. </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 Minds Nepal, this is the data of advertisements related to real estate auction published in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> national daily newspapers published from Kathmandu.</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 this data, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices have been published on a daily basis in the review period. If all the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pages of a national daily newspaper are filled with auction notices, it will be equivalent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. Altogether </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction notice can be published in a single newspaper of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> pages (without any news) continuously for three months.</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"">Banks and financial institutions, which issued </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc auction notices in the month of Magh (mid-January to mid-February), printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">155</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc in the following month (mid-February to mid-March). The notice published in mid-February to mid-March is almost </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more than in January.</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"">On April 2 alone, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices were published on a single day. The Nepali month of Chaitra (mid-March to mid-April) is also the month to pay the principal and interest installments of the banks. At this time, the mortgage auction notice for those who cannot pay the bank loan is published in the upcoming months.</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"">Currently, the number of auctions has reached between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> per month. This figure was less than 400 per month in the months of Kartik, Mangsir and Poush (mid-October to mid-January). </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 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> real estate auction notices were published in those three months.</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"">After that, more than a thousand auction notices were published in the month of Magh (mid-January to mid-February) followed by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">notices in Falgun (mid-February to mid-March) and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> by mid Chaitra (March end).</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 data clearly shows how much the number of auctions has increased rapidly.</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"">Commercial banks have the largest share in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auctions published during this period.</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"">Commercial banks have printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">00,000 cc notices followed by development banks which have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">52</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices while cooperatives have published </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17219', 'image' => '20230407033424_Real estate.jpg', 'article_date' => '2023-04-07 15:33:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17483', 'article_category_id' => '1', 'title' => 'As the Indian currency becomes Stronger, US Dollar Weakens', 'sub_title' => '', 'summary' => 'April 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. ', '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 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. According to the foreign currency exchange rate set by the central bank for Friday, the buying rate of 1 US dollar is Rs 130.72 and the selling rate is Rs 131.32.</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"">On the previous trading day, the NRB had fixed the exchange rate of 1 US dollar at Rs 130.91 and the selling rate at Rs 131.51.</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"">After the Reserve Bank of India, the central bank of India, announced that it will keep the repo rate as it is, experts say that the value of the US dollar in Nepal has decreased as the Indian currency has strengthened. When the Indian currency becomes stronger, the US dollar tends to weaken in Nepal and the Nepalese currency is pegged with the Indian currency</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 buying rate and selling rate of the dollar set by nine commercial banks are lower than the price set by the central bank on Friday. Among them, NMB Bank has the lowest dollar purchase rate.</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, the buying rate and selling rate of dollar of 11 commercial banks are higher than the value determined by the NRB. The dollar exchange rate set by the banks is lower than on Thursday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17218', 'image' => '20230407013841_dollarr.jpg', 'article_date' => '2023-04-07 13:38:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17482', 'article_category_id' => '1', 'title' => 'Business in Thamel Slumps to the Lowest in Two Decades: Businessmen', 'sub_title' => '', 'summary' => 'April 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.', '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 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.</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"">Businessmen of Thamel say that despite the highest number of tourists entering Nepal in the month of March after the coronavirus pandemic largely subsided, the business in Thamel was not much significant. </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"">It has been found that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the tourists who come to Nepal come to Thamel. Punya Ram Lageju, who has been selling trekking goods for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years at Satghumti in Thamel, says that despite the increase in tourists in the Thamel area, the business has not increased. "Compared to before the coronavirus pandemic, there is only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of business now," he says.</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"">Before the pandemic, Lageju used to trade goods worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">a day. He says that now daily business is between Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sharing his business experience of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, Lageju said, "The business is at the lowest point now."</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, Sitaram Regmi, who has been trading clothes in Thamel for a long time, says that the business has declined now compared to the past. He says that although there are a lot of tourists in the streets of Thamel, the business is low. "Sometimes there is no sale at all," says Regmi.</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"">He says that the business has decreased due to the lack of tourists who spend a lot of money. </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"">Meena Kumari Bastola, the owner of Nepal Handicraft Collection, who has been doing the handicraft business in Thamel for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, says that business has decreased drastically in recent times. </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 business is not like before, earlier tourists used to look at the goods coming to the shop. If they liked, they used to buy and take them away. But now, tourists do not enter the shop," says Bastola.</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"">She has been selling and distributing woolen, pashmina, felt and other items. Due to the lack of business in Thamel, businessmen say that they are also facing problems in paying rent to their landlords. </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"">While the businessmen of Thamel area are complaining about the lack of business, hoteliers say that the number of tourists has increased in hotels in Thamel. Bimal Dhamala, who runs the Kathmandu Eco Hotel in Thamel, says that the number of tourists in Thamel has increased recently.</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 Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the hotel I run, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> rooms are filled every day, which is relatively good," he says. Dhamala, who is also the vice-chairman of the Thamel Tourism Development Council, says that the business of the Thamel area has declined because tourists come to stay for a short time. He said that tourists come and stay for one or two nights. </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"">Mahesh Phuyal, general manager of the four-star hotel 'Ramada' in Thamel, says that the rooms of his hotel are now filled up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent every day. He says that the number of tourists in the hotel has increased due to the fact that it is now the peak season of tourism.</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"">With the increase in the number of tourists in Nepal, excitement has also increased in the aviation sector. Lately, there has been an increase in number of tourists visiting the Everest Base Camp in Solukhumbu as well as Mustang, Dolpa, Humla and other areas by air.</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 Sudarshan Bartaula, spokesman of Yeti Airlines and head of air security, the number of tourists traveling through Tara Air, a sister organization of Yeti Airlines, has increased.</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 number of tourists traveling for mountain flights of Tara Airlines and Yeti Airlines has increased," he said.</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"">Lately, Tara Airlines has been flying up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights daily to various destinations. The airline operates </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> daily flights from Ramechhap's Manthali Airport to Solukhumbu's Tenzing Hillary Airport in Lukla. Similarly, the same airline has </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights from Pokhara to Mustang.</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"">March, April, and May are considered as the tourist season in Nepal. According to the Nepal Tourism Board, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">99,426</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists entered Nepal in the month of March alone. In the month of March, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">454</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from SAARC countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">643</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other Asian countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">265</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from Europe and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">958</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other countries arrived 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:"Arial","sans-serif"">Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">707</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from Canada, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">557</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from America and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,375 from the Middle East and other countries have entered Nepal. Maniraj Lamichhane, Director and Information Officer of the Nepal Tourism Board, says that most of the tourists coming in the month of March are from India. According to him, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,911</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from India arrived in Nepal in the month of March alone. In the month of March last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists came from India.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17217', 'image' => '20230407013731_1680850548.329131452_1591616004638934_1778590492350176467_n.jpg', 'article_date' => '2023-04-07 13:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17481', 'article_category_id' => '1', 'title' => 'Clear Arrears of the Period before Enforcement of Federalism: NDAC', 'sub_title' => '', 'summary' => 'April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 50th meeting of the NDAC held at the Office of the Prime Minister and Council of Ministers on Thursday directed the committee to clear the arrears of district development committees and education offices that were in place before the country adopted federalism. Similarly, the arrears at province and local levels have to be cleared on time, the meeting stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> During the meeting, Vice-Chairman of the National Planning Commission, Dr Min Bahadur Shrestha, presented a 17-point proposal on resolving the problems faced in course of the country’s development. Questions were raised on existing Public Procurement Regulation, 2064 which discourages small construction entrepreneurs from participating in bidding process. Whether the regulation could be amended was also discussed during the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the public procurement monitoring office has been asked to submit a report on contract ceiling, tender cost, and bidding duration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Land Management, Cooperatives and Poverty Alleviation has been directed to coordinate with Finance Ministry and Nepal Rastra Bank to regulate the cooperatives for solving the problems surfaced lately in this sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the Ministry of Federal Affairs and General Administration has been directed to ensure adequate human resources at province and local levels so that service delivery and development works would not be hampered. </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"">Various other issues such as revenue sharing between province and local levels on natural resources, need of formulating laws on it, arrangement of G2G scheme to purchase chemical fertilizer, problems of technical institutes and trainers, handover of technical institutes under CTEVT, amendment of law on permission needed from Division Forest Office to cut trees on construction works were also discussed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, unplanned settlements, acquisition of land for construction works, and industrial estate were raised as pressing issue in the meeting. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17216', 'image' => '20230407010644_PMO.jpg', 'article_date' => '2023-04-07 13:06:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17480', 'article_category_id' => '1', 'title' => '132 KV Dordi Corridor Transmission Line Resumes Operation', 'sub_title' => '', 'summary' => 'April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After completing the reconstruction of the four towers damaged by the flood in the Dordi River in the monsoon of 2022, the transmission line has been fully operational since Thursday. With the transmission line fully operational, the infrastructure is ready to support about 300 megawatts of electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Nepal Electricity Authority (NEA) had been partially operating the transmission line from Udipur in Besisahar Municipality of Lamjung to the Kirtipur substation in Dordi rural municipality since last September.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As it seemed that it would take some time to rebuild the flood-damaged towers, the Dordi Corridor line from Udipur Substation to the Dordi Khola-1 hydropower project built by the private sector and from there to Kirtipur Substation using the Dordi Khola-1 transmission line was brought into operation partially.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Project chief Ramesh Paudel said that with the completion of the reconstruction of the tower and the operation of the transmission line, the electricity of all private sector hydropower projects built on the Dordi river has been connected to the Kirtipur substation and flowed to the national grid through the Dordi Corridor transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Twenty-seven MW Dordi Khola, 25 MW Upper Dordi 'A', 12 MW Dordi Khola-1, and 8.63 MW Chepekhola small hydropower projects are connected to the transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the 54-megawatt Super-Dordi 'B' hydropower, which is in the final stage of construction, the electricity of other projects under construction and to be constructed in that corridor will also be connected to this line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Dordi Corridor transmission line is built with an estimated cost of Rs 850 million by the government. The length of the transmission line is 10 km. The project itself has constructed a substation of 132 KV, 10 MVA capacity at Kirtipur.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The four towers of the transmission line, which were completed in the year 2077, were swept away by the flood that occurred in the Dordi River in July 2022. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17215', 'image' => '20230407124200_1680767745.Dordi.jpg', 'article_date' => '2023-04-07 12:41:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17479', 'article_category_id' => '1', 'title' => 'Nepal Assumes Chairmanship of LDC Global Coordination Bureau ', 'sub_title' => '', 'summary' => 'April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A press release issued by the Permanent Mission of Nepal to the United Nations, New York, stated that Nepal assumed the chairmanship in a ceremony organized at the UN Headquarters, New York on April 5. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador and Permanent Representative to the UN, Amrit Bahadur Rai, presided over the handover ceremony. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Ambassador Rai commended Malawi for successfully leading the group amidst the vortex of multiple crises resulting from the pandemic, climate change, and geopolitical tensions to food, energy and financial crisis that had harsh effects on the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared Nepal's commitment to work in the spirit of solidarity with the LDC members, the UN System, and development partners to safeguard and promote the collective interests of the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the LDC Chair, Ambassador Rai said that the effective implementation of the Doha Programme of Action would remain the top priority. He also underlined the importance of mainstreaming the Doha Programme of Action into all relevant UN processes and outcomes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition, Rai expressed Nepal's commitment to work for poverty reduction and sustainable development, securing enhanced international support measures for graduating countries, building resilience to climate change and disasters, climate financing, enhancing trade and investment opportunities, and addressing gender and social inequalities. Similarly, Ambassador Rai emphasized unity and solidarity of the LDC group to secure robust international support including through official development assistance, debt relief, and technology transfer. He also stressed the need for democratic global governance system where LDCs will have voice and representation in global decision-making processes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the event, USG and High Representative, Rabab Fatima, congratulated Nepal for assuming the very important role and assured full support and assistance of her office to the LDC group and its coordination bureau. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The press release further shared that ceremony was attended by the outgoing Chair Agnes Chimbiri Molande, Permanent Representative of Malawi, Rabab Fatima, Under-Secretary-General and UN High Representative for the LDC, Landlocked Developing Countries, and Small Island Developing States along with the Ambassadors and delegates from the LDCs. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17214', 'image' => '20230407114938_Neapl.jpg', 'article_date' => '2023-04-07 11:48:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17478', 'article_category_id' => '1', 'title' => 'Strengthening Country's Economy will be his First Priority: FM Mahat ', 'sub_title' => '', 'summary' => 'April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a meeting with office-bearers of Editors Society of Nepal on Thursday, Minister Mahat shared that the government is engaged in preparation of budget for upcoming fiscal year. </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 main focus of the budget will be strengthening the economy," the state-owned RSS quoted the minister as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FM Mahat also said that government's Common Minimum Programme was drafted in consensus of the ruling alliance parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office-bearers of the Society, congratulated and wished Minister Mahat for his successful term. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, the society's patron Kiran Vaidya, Chairperson Puru Risal, Senior Vice-Chair Pushpa Raj Pradhan, General-Secretary Shyam Kaji Dotel, among others were present on the occasion. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17213', 'image' => '20230407110932_Prakash-sharan-Mahat-1.jpg', 'article_date' => '2023-04-07 11:06:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17477', 'article_category_id' => '1', 'title' => 'Ruling Coalition Unveils Government’s Common Minimum Program ', 'sub_title' => '', 'summary' => 'The 10-party ruling coalition has unveiled its common minimum programme(CMP). The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. ', 'content' => '<p><br /> <span style="font-size:20px">April 7: The 10-party ruling coalition has unveiled its common minimum programme(CMP). </span></p> <p><span style="font-size:20px">The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. </span></p> <p><span style="font-size:20px">The CMP includes priorities of the Government outlined in nine different points including protecting the constitution and amending it as necessary, strengthening the federal democratic republic through implementation of federalism, giving equal importance to policy.</span></p> <p><span style="font-size:20px"> The common minimum programme pledges structural and functional reforms to transform and strengthen the country's economy and to put an end to existing class, ethnic, regional and gender-based differences in the society and building a social system based on equality, freedom and justice. </span></p> <p><span style="font-size:20px">The ruling parties have also expressed a collective commitment to complete the remaining work of the comprehensive peace agreement, and other agreements signed following various popular past movements. </span></p> <p><span style="font-size:20px">The CPM states that government will prioritize governance reforms, corruption control and strict measures to ensure quality service delivery. The government will be working for production-oriented economy, improvement of fair supply and distribution system. </span></p> <p><span style="font-size:20px">Likewise, unnecessary expenses and administrative hassles would be wiped out while making public administration competent, reducing the risks caused by global crises such as climate change, biodiversity loss and environmental pollution, and environmental balance shall be maintained. </span></p> <p><span style="font-size:20px">The government will adopt an independent and balanced foreign policy for the protection of national interests and for the prosperity of the people. </span></p> <p><span style="font-size:20px">Prime Minister and Chairperson of CPN (Maoist Center) Pushpa Kamal Dahal 'Prachanda', President of Nepali Congress Sher Bahadur Deuba, Chairperson of CPN (Unified Socialist) Madhav Kumar Nepal, President of Janata Samajwadi Party Upendra Yadav, President of Loktatantrik Samajwadi Party Mahantha Thakur, President of Samajwadi Party Dr Baburam Bhattarai, President of Janamat Party CK Raut, President of Nagarik Unmukti Party Ranjita Shrestha, President of Aam Janata Party Prabhu Sah and President of Rastriya Janamorcha Nepal Chitra Bahadur KC have signed the common minimum programme. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17212', 'image' => '20230407063930_collage (63).jpg', 'article_date' => '2023-04-07 06:37:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</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"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </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"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</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"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</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"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</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 the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</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"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </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"">"Looking at the situation so far, it seems that the arrival of tourists will increase," he said.</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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 is of particular interest because the senior vice president will automatically become the FNCCI president during 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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</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 Sur Krishna Vaidya as the district vice president, Sukunta 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><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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</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"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said 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:"Nirmala UI","sans-serif"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</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 government has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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
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Due to the recession, businessmen are struggling to pay the principal and interest of the loans taken for business operations on time.</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""> It is evident from the notices issued by the banks and financial institutions that there has been a rise in auctioning of mortgaged properties due to non-payment of loans.</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"">Data from the previous quarter of the current fiscal year shows that auction-related notices of about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2,400</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">column centimeters (cc) on an average were published daily in the review period. In this period, the auction graph has almost doubled. The data of 'Minds Nepal' shows that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction-related information is being published daily.</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"">Due to the recession in the real estate sector, the borrowers are not in a position to sell the land and repay the loan. </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"">Banks and financial institutions, which published auction notices in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> column centimeters (cc) space of newspapers in three and a half months from mid-September till the end of December last year, have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more notices in the last one and a half months.</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 data of mid-January till the end of March, the information issued by banks and financial institutions for mortgage auctions is more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. </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 Minds Nepal, this is the data of advertisements related to real estate auction published in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> national daily newspapers published from Kathmandu.</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 this data, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices have been published on a daily basis in the review period. If all the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pages of a national daily newspaper are filled with auction notices, it will be equivalent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc. Altogether </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auction notice can be published in a single newspaper of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> pages (without any news) continuously for three months.</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"">Banks and financial institutions, which issued </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc auction notices in the month of Magh (mid-January to mid-February), printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">155</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc in the following month (mid-February to mid-March). The notice published in mid-February to mid-March is almost </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent more than in January.</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"">On April 2 alone, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> cc auction notices were published on a single day. The Nepali month of Chaitra (mid-March to mid-April) is also the month to pay the principal and interest installments of the banks. At this time, the mortgage auction notice for those who cannot pay the bank loan is published in the upcoming months.</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"">Currently, the number of auctions has reached between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> per month. This figure was less than 400 per month in the months of Kartik, Mangsir and Poush (mid-October to mid-January). </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 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> real estate auction notices were published in those three months.</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"">After that, more than a thousand auction notices were published in the month of Magh (mid-January to mid-February) followed by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">notices in Falgun (mid-February to mid-March) and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> by mid Chaitra (March end).</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 data clearly shows how much the number of auctions has increased rapidly.</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"">Commercial banks have the largest share in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">320</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,000 cc of auctions published during this period.</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"">Commercial banks have printed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">00,000 cc notices followed by development banks which have published about </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">52</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices while cooperatives have published </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">cc notices. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17219', 'image' => '20230407033424_Real estate.jpg', 'article_date' => '2023-04-07 15:33:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17483', 'article_category_id' => '1', 'title' => 'As the Indian currency becomes Stronger, US Dollar Weakens', 'sub_title' => '', 'summary' => 'April 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. ', '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 7: Nepal Rastra Bank (NRB) has reduced the reference rate of US dollar on Friday. According to the foreign currency exchange rate set by the central bank for Friday, the buying rate of 1 US dollar is Rs 130.72 and the selling rate is Rs 131.32.</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"">On the previous trading day, the NRB had fixed the exchange rate of 1 US dollar at Rs 130.91 and the selling rate at Rs 131.51.</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"">After the Reserve Bank of India, the central bank of India, announced that it will keep the repo rate as it is, experts say that the value of the US dollar in Nepal has decreased as the Indian currency has strengthened. When the Indian currency becomes stronger, the US dollar tends to weaken in Nepal and the Nepalese currency is pegged with the Indian currency</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 buying rate and selling rate of the dollar set by nine commercial banks are lower than the price set by the central bank on Friday. Among them, NMB Bank has the lowest dollar purchase rate.</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, the buying rate and selling rate of dollar of 11 commercial banks are higher than the value determined by the NRB. The dollar exchange rate set by the banks is lower than on Thursday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17218', 'image' => '20230407013841_dollarr.jpg', 'article_date' => '2023-04-07 13:38:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17482', 'article_category_id' => '1', 'title' => 'Business in Thamel Slumps to the Lowest in Two Decades: Businessmen', 'sub_title' => '', 'summary' => 'April 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.', '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 7: Although the number of foreign tourists has increased significantly in Thamel, the major tourist hub of Kathmandu, the business has not increased as expected.</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"">Businessmen of Thamel say that despite the highest number of tourists entering Nepal in the month of March after the coronavirus pandemic largely subsided, the business in Thamel was not much significant. </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"">It has been found that more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the tourists who come to Nepal come to Thamel. Punya Ram Lageju, who has been selling trekking goods for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years at Satghumti in Thamel, says that despite the increase in tourists in the Thamel area, the business has not increased. "Compared to before the coronavirus pandemic, there is only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of business now," he says.</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"">Before the pandemic, Lageju used to trade goods worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">a day. He says that now daily business is between Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10,000. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Sharing his business experience of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, Lageju said, "The business is at the lowest point now."</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, Sitaram Regmi, who has been trading clothes in Thamel for a long time, says that the business has declined now compared to the past. He says that although there are a lot of tourists in the streets of Thamel, the business is low. "Sometimes there is no sale at all," says Regmi.</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"">He says that the business has decreased due to the lack of tourists who spend a lot of money. </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"">Meena Kumari Bastola, the owner of Nepal Handicraft Collection, who has been doing the handicraft business in Thamel for the past </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> years, says that business has decreased drastically in recent times. </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 business is not like before, earlier tourists used to look at the goods coming to the shop. If they liked, they used to buy and take them away. But now, tourists do not enter the shop," says Bastola.</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"">She has been selling and distributing woolen, pashmina, felt and other items. Due to the lack of business in Thamel, businessmen say that they are also facing problems in paying rent to their landlords. </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"">While the businessmen of Thamel area are complaining about the lack of business, hoteliers say that the number of tourists has increased in hotels in Thamel. Bimal Dhamala, who runs the Kathmandu Eco Hotel in Thamel, says that the number of tourists in Thamel has increased recently.</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 Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the hotel I run, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">70</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> rooms are filled every day, which is relatively good," he says. Dhamala, who is also the vice-chairman of the Thamel Tourism Development Council, says that the business of the Thamel area has declined because tourists come to stay for a short time. He said that tourists come and stay for one or two nights. </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"">Mahesh Phuyal, general manager of the four-star hotel 'Ramada' in Thamel, says that the rooms of his hotel are now filled up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent every day. He says that the number of tourists in the hotel has increased due to the fact that it is now the peak season of tourism.</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"">With the increase in the number of tourists in Nepal, excitement has also increased in the aviation sector. Lately, there has been an increase in number of tourists visiting the Everest Base Camp in Solukhumbu as well as Mustang, Dolpa, Humla and other areas by air.</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 Sudarshan Bartaula, spokesman of Yeti Airlines and head of air security, the number of tourists traveling through Tara Air, a sister organization of Yeti Airlines, has increased.</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 number of tourists traveling for mountain flights of Tara Airlines and Yeti Airlines has increased," he said.</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"">Lately, Tara Airlines has been flying up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights daily to various destinations. The airline operates </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">32</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> daily flights from Ramechhap's Manthali Airport to Solukhumbu's Tenzing Hillary Airport in Lukla. Similarly, the same airline has </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> flights from Pokhara to Mustang.</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"">March, April, and May are considered as the tourist season in Nepal. According to the Nepal Tourism Board, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">99,426</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists entered Nepal in the month of March alone. In the month of March, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">454</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from SAARC countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">643</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other Asian countries, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">265</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from Europe and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">958</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> from other countries arrived 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:"Arial","sans-serif"">Similarly, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">707</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from Canada, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">557</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from America and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,375 from the Middle East and other countries have entered Nepal. Maniraj Lamichhane, Director and Information Officer of the Nepal Tourism Board, says that most of the tourists coming in the month of March are from India. According to him, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25,911</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists from India arrived in Nepal in the month of March alone. In the month of March last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,0</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> tourists came from India.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17217', 'image' => '20230407013731_1680850548.329131452_1591616004638934_1778590492350176467_n.jpg', 'article_date' => '2023-04-07 13:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17481', 'article_category_id' => '1', 'title' => 'Clear Arrears of the Period before Enforcement of Federalism: NDAC', 'sub_title' => '', 'summary' => 'April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: The National Development Action Committee (NDAC) has directed the Arrears Clearance Committee to clear arrears of the time before the enforcement of federalism within a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 50th meeting of the NDAC held at the Office of the Prime Minister and Council of Ministers on Thursday directed the committee to clear the arrears of district development committees and education offices that were in place before the country adopted federalism. Similarly, the arrears at province and local levels have to be cleared on time, the meeting stressed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> During the meeting, Vice-Chairman of the National Planning Commission, Dr Min Bahadur Shrestha, presented a 17-point proposal on resolving the problems faced in course of the country’s development. Questions were raised on existing Public Procurement Regulation, 2064 which discourages small construction entrepreneurs from participating in bidding process. Whether the regulation could be amended was also discussed during the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the public procurement monitoring office has been asked to submit a report on contract ceiling, tender cost, and bidding duration. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Land Management, Cooperatives and Poverty Alleviation has been directed to coordinate with Finance Ministry and Nepal Rastra Bank to regulate the cooperatives for solving the problems surfaced lately in this sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, the Ministry of Federal Affairs and General Administration has been directed to ensure adequate human resources at province and local levels so that service delivery and development works would not be hampered. </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"">Various other issues such as revenue sharing between province and local levels on natural resources, need of formulating laws on it, arrangement of G2G scheme to purchase chemical fertilizer, problems of technical institutes and trainers, handover of technical institutes under CTEVT, amendment of law on permission needed from Division Forest Office to cut trees on construction works were also discussed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, unplanned settlements, acquisition of land for construction works, and industrial estate were raised as pressing issue in the meeting. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17216', 'image' => '20230407010644_PMO.jpg', 'article_date' => '2023-04-07 13:06:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17480', 'article_category_id' => '1', 'title' => '132 KV Dordi Corridor Transmission Line Resumes Operation', 'sub_title' => '', 'summary' => 'April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">April 7: The Dordi Corridor 132 KV double circuit transmission line built for the electricity produced from Dordi River and its tributaries has been fully operational.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">After completing the reconstruction of the four towers damaged by the flood in the Dordi River in the monsoon of 2022, the transmission line has been fully operational since Thursday. With the transmission line fully operational, the infrastructure is ready to support about 300 megawatts of electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Nepal Electricity Authority (NEA) had been partially operating the transmission line from Udipur in Besisahar Municipality of Lamjung to the Kirtipur substation in Dordi rural municipality since last September.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As it seemed that it would take some time to rebuild the flood-damaged towers, the Dordi Corridor line from Udipur Substation to the Dordi Khola-1 hydropower project built by the private sector and from there to Kirtipur Substation using the Dordi Khola-1 transmission line was brought into operation partially.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Project chief Ramesh Paudel said that with the completion of the reconstruction of the tower and the operation of the transmission line, the electricity of all private sector hydropower projects built on the Dordi river has been connected to the Kirtipur substation and flowed to the national grid through the Dordi Corridor transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Twenty-seven MW Dordi Khola, 25 MW Upper Dordi 'A', 12 MW Dordi Khola-1, and 8.63 MW Chepekhola small hydropower projects are connected to the transmission line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the 54-megawatt Super-Dordi 'B' hydropower, which is in the final stage of construction, the electricity of other projects under construction and to be constructed in that corridor will also be connected to this line.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The Dordi Corridor transmission line is built with an estimated cost of Rs 850 million by the government. The length of the transmission line is 10 km. The project itself has constructed a substation of 132 KV, 10 MVA capacity at Kirtipur.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The four towers of the transmission line, which were completed in the year 2077, were swept away by the flood that occurred in the Dordi River in July 2022. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17215', 'image' => '20230407124200_1680767745.Dordi.jpg', 'article_date' => '2023-04-07 12:41:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17479', 'article_category_id' => '1', 'title' => 'Nepal Assumes Chairmanship of LDC Global Coordination Bureau ', 'sub_title' => '', 'summary' => 'April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Nepal has assumed the Chairmanship of the Global Coordination Bureau of the Least Developed Countries (LDC) for three years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A press release issued by the Permanent Mission of Nepal to the United Nations, New York, stated that Nepal assumed the chairmanship in a ceremony organized at the UN Headquarters, New York on April 5. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal’s Ambassador and Permanent Representative to the UN, Amrit Bahadur Rai, presided over the handover ceremony. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking on the occasion, Ambassador Rai commended Malawi for successfully leading the group amidst the vortex of multiple crises resulting from the pandemic, climate change, and geopolitical tensions to food, energy and financial crisis that had harsh effects on the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He shared Nepal's commitment to work in the spirit of solidarity with the LDC members, the UN System, and development partners to safeguard and promote the collective interests of the LDCs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the LDC Chair, Ambassador Rai said that the effective implementation of the Doha Programme of Action would remain the top priority. He also underlined the importance of mainstreaming the Doha Programme of Action into all relevant UN processes and outcomes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In addition, Rai expressed Nepal's commitment to work for poverty reduction and sustainable development, securing enhanced international support measures for graduating countries, building resilience to climate change and disasters, climate financing, enhancing trade and investment opportunities, and addressing gender and social inequalities. Similarly, Ambassador Rai emphasized unity and solidarity of the LDC group to secure robust international support including through official development assistance, debt relief, and technology transfer. He also stressed the need for democratic global governance system where LDCs will have voice and representation in global decision-making processes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the event, USG and High Representative, Rabab Fatima, congratulated Nepal for assuming the very important role and assured full support and assistance of her office to the LDC group and its coordination bureau. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The press release further shared that ceremony was attended by the outgoing Chair Agnes Chimbiri Molande, Permanent Representative of Malawi, Rabab Fatima, Under-Secretary-General and UN High Representative for the LDC, Landlocked Developing Countries, and Small Island Developing States along with the Ambassadors and delegates from the LDCs. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17214', 'image' => '20230407114938_Neapl.jpg', 'article_date' => '2023-04-07 11:48:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17478', 'article_category_id' => '1', 'title' => 'Strengthening Country's Economy will be his First Priority: FM Mahat ', 'sub_title' => '', 'summary' => 'April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 7: Finance Minister Dr Prakash Sharan Mahat has said that strengthening the country's economy would be his first priority. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a meeting with office-bearers of Editors Society of Nepal on Thursday, Minister Mahat shared that the government is engaged in preparation of budget for upcoming fiscal year. </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 main focus of the budget will be strengthening the economy," the state-owned RSS quoted the minister as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FM Mahat also said that government's Common Minimum Programme was drafted in consensus of the ruling alliance parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office-bearers of the Society, congratulated and wished Minister Mahat for his successful term. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, the society's patron Kiran Vaidya, Chairperson Puru Risal, Senior Vice-Chair Pushpa Raj Pradhan, General-Secretary Shyam Kaji Dotel, among others were present on the occasion. </span></span></span></p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17213', 'image' => '20230407110932_Prakash-sharan-Mahat-1.jpg', 'article_date' => '2023-04-07 11:06:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17477', 'article_category_id' => '1', 'title' => 'Ruling Coalition Unveils Government’s Common Minimum Program ', 'sub_title' => '', 'summary' => 'The 10-party ruling coalition has unveiled its common minimum programme(CMP). The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. ', 'content' => '<p><br /> <span style="font-size:20px">April 7: The 10-party ruling coalition has unveiled its common minimum programme(CMP). </span></p> <p><span style="font-size:20px">The CMP was made public at the Office of the Prime Minister and the Council of Ministers with priority to good governance and economic development in the presence of top leaders of the coalition parties including Prime Minister and CPN (Maoist Centre) Chair Pushpa Kamal Dahal 'Prachanda' on Thursday. </span></p> <p><span style="font-size:20px">The CMP includes priorities of the Government outlined in nine different points including protecting the constitution and amending it as necessary, strengthening the federal democratic republic through implementation of federalism, giving equal importance to policy.</span></p> <p><span style="font-size:20px"> The common minimum programme pledges structural and functional reforms to transform and strengthen the country's economy and to put an end to existing class, ethnic, regional and gender-based differences in the society and building a social system based on equality, freedom and justice. </span></p> <p><span style="font-size:20px">The ruling parties have also expressed a collective commitment to complete the remaining work of the comprehensive peace agreement, and other agreements signed following various popular past movements. </span></p> <p><span style="font-size:20px">The CPM states that government will prioritize governance reforms, corruption control and strict measures to ensure quality service delivery. The government will be working for production-oriented economy, improvement of fair supply and distribution system. </span></p> <p><span style="font-size:20px">Likewise, unnecessary expenses and administrative hassles would be wiped out while making public administration competent, reducing the risks caused by global crises such as climate change, biodiversity loss and environmental pollution, and environmental balance shall be maintained. </span></p> <p><span style="font-size:20px">The government will adopt an independent and balanced foreign policy for the protection of national interests and for the prosperity of the people. </span></p> <p><span style="font-size:20px">Prime Minister and Chairperson of CPN (Maoist Center) Pushpa Kamal Dahal 'Prachanda', President of Nepali Congress Sher Bahadur Deuba, Chairperson of CPN (Unified Socialist) Madhav Kumar Nepal, President of Janata Samajwadi Party Upendra Yadav, President of Loktatantrik Samajwadi Party Mahantha Thakur, President of Samajwadi Party Dr Baburam Bhattarai, President of Janamat Party CK Raut, President of Nagarik Unmukti Party Ranjita Shrestha, President of Aam Janata Party Prabhu Sah and President of Rastriya Janamorcha Nepal Chitra Bahadur KC have signed the common minimum programme. </span><br /> </p> ', 'published' => true, 'created' => '2023-04-07', 'modified' => '2023-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '17212', 'image' => '20230407063930_collage (63).jpg', 'article_date' => '2023-04-07 06:37:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '17476', 'article_category_id' => '1', 'title' => 'NEPSE Sheds 8.28 Points; Turnover Amount Witnesses Slight Spike ', 'sub_title' => '', 'summary' => 'Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. ', 'content' => '<p><span style="font-size:20px">April 6: Of late, investors have lost confidence in the secondary stock market in Nepal. The NEPSE index shed 8.28 points and closed at 1,866.79 on Thursday, the last trading day of the week. </span></p> <p><span style="font-size:20px">The secondary equity market posted a loss of 0.44%, against yesterday’s 8.39 points gain.</span></p> <p><span style="font-size:20px">The NEPSE Index has been on bearish trend for the past one and a half years. The majority of the investors have incurred losses in the market. Entry of new investors in the bearish market is very slim. </span></p> <p><span style="font-size:20px">“The government and regulators have to revise policy-level provisions for the downward trend to reverse,” say knowledgeable people. The NEPSE traded 269 scrips via 23,388 transactions. </span></p> <p><span style="font-size:20px">A total of 2,870,819 shares exchanged hands worth Rs. 92.06 crores in turnover amount. This is higher than the last trading day's turnover of Rs. 81.6 Crores.</span></p> <p><span style="font-size:20px">Shivam Cements Limited (SHIVAM) shares traded the most and had the highest turnover of Rs. 4.92 crores closing at a market price of Rs. 405 per share. Kalinchowk Darshan Limited (KDL) gained the highest 9.98% and technically hit the positive circuit for the day.</span></p> <p><span style="font-size:20px">On the contrary, Samling Power Company Limited (SPC) lost the highest 7.43% today.<br /> Sensitive Index, Float Index and Sensitive Float Index dropped 0.92%, 0.62% and 0.39% respectively today. </span></p> <p><span style="font-size:20px">Of the 13 sub-indices traded in the market, only three sectors closed in the green zone. <br /> "Trading index" gained the highest 0.19%, while "Finance" lost the highest 1.42% today.</span><br /> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17211', 'image' => '20230406055916_collage - 2023-04-03T173010.811.jpg', 'article_date' => '2023-04-06 17:56:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '17475', 'article_category_id' => '1', 'title' => 'Bhaktapur Industrial and Tourism Festival Kicks off', 'sub_title' => '', 'summary' => 'The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra.', 'content' => '<p><br /> <span style="font-size:20px">April 6: The Seventh Bhaktapur Industrial, Cultural, Tourism and Trade Festival kicked off from Thursday. The event is organised to mark the occasion of the Nepali New Year 2080 BS and the Bisket Jatra. </span></p> <p><span style="font-size:20px">Bisket Jatra is Bhaktapur's indigenous cultural festival celebrated for eight nights and nine days in the ancient city. The festival is celebrated from the New Year's Day.</span></p> <p><span style="font-size:20px">This year, the Nepali New Year's Day falls on April 14. The Bhaktapur Industrial, Cultural, Tourism and Trade Festival is organized at local Sallaghari in the field belonging to the Nepal Trust. </span></p> <p><span style="font-size:20px">The Organisation for Industrial Peace, Nepal and Madhyapur Boys Band have organized the event with the support of Bhaktapur District Sports Development Committee. </span></p> <p><span style="font-size:20px">Two hundred stalls featuring and selling foodstuffs, clothes, agricultural and handicraft goods, metal and earthen utensils, mobile and motor cars have been set up. </span></p> <p><span style="font-size:20px">The traders have offered discounts from 20 up to 50 percent. The organizers estimate that around 500 thousand people will visit the Festival venue and the business transaction is expected to cross Rs 100 million. ---RSS </span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17210', 'image' => '20230406045148_collage - 2023-04-06T165008.639.jpg', 'article_date' => '2023-04-06 16:49:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '17473', 'article_category_id' => '1', 'title' => 'Airline Companies Increase Flights to Ramechhap with Onset of Tourist Season', 'sub_title' => '', 'summary' => 'April 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.', '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 6: With the onset of the trekking and mountain expedition season, there has been a significant increase in the number of flights targeting Mount Everest, which is the main destination for trekkers.</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"">After the coronavirus pandemic largely subsided, three airlines providing service to remote areas have made Ramechhap Airport as their base.</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 Civil Aviation Authority of Nepal has issued instructions to use Ramechhap Airport as the main base for making flights to Lukla Airport, where the flow of tourists is certain to increase in the peak season. </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"">Accordingly, Sita Air, Summit Airlines and Tara Air, which are currently flying to remote areas, have started flights to Ramechhap as their base. Buddha Air, Yeti Airlines and Shree Airlines, which fly to urban destinations, have also increased mountain flights.</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"">Sarita Pandey, Air Traffic Controller of Ramechhap Airport, said that for the first time after the coronavirus pandemic, there have been many flights from this airport. She informed that there were a total of 407 movements (flight/landing) from the three airline companies between April 1 and 5. She said that the CAAN has established Ramechhap as the base to fly to Lukla, the flights from there have increased since the beginning of April.</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"">Ghanshyam Raj Acharya, senior general manager of Sita Air, said that the business has improved compared to the Covid-19 period</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 the tourist season has started, there is a pressure on the flights to Lukla, he said, adding "There are not enough flights from Kathmandu at this time. Because of this, flights have been arranged from Ramechhap Airport to Lukla this season.”</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"">An official of the Airline Operators Association of Nepal said that the bookings have increased by 50 percent compared to the normal situation. </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"">"Looking at the situation so far, it seems that the arrival of tourists will increase," he said.</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"">After the start of the spring season, more mountaineers come to climb Mount Everest. Due to this, the traffic of tourists on this route will increase. The Department of Tourism has given permission to 304 people from 40 countries for mountain climbing as of Wednesday. Most of the permits have been issued for climbing Mount Everest. According to the department, 115 people have received permits to climb Mount Everest as of Wednesday.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17209', 'image' => '20230406013809_1680757937.jpg', 'article_date' => '2023-04-06 13:37:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17474', 'article_category_id' => '1', 'title' => 'Civil Registration Department adds New Provision for Birth Registration ', 'sub_title' => '', 'summary' => 'April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">April 6: The Department of National ID and Civil Registration has added a new provision for issuing a birth certificate to a child with the surname under the maternal lineage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The provision has been added targeting child born to a single mother and whose paternal lineage remains unidentified. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Talking to RSS, the department’s Director General Rudra Prasad Pandit said the provision was added following the request from local levels for further clarifying provisions for the birth registration of such children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the department mandates the cancellation of the birth registration issued under this category if the identity of the child's father is ascertained and the child will be issuanced a new certificate along with the address of the father. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17208', 'image' => '20230406014325_Birth-Registration-process-in-Nepal.jpg', 'article_date' => '2023-04-06 13:42:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '17472', 'article_category_id' => '1', 'title' => 'Election Fever Grips FNCCI', 'sub_title' => '', 'summary' => 'April 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. ', '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 6: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI), the largest umbrella organization of industrialists in the country, is currently gripped by election fever. A total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">119</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people have registered their candidacy for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">64</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> positions to be elected at the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">57</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">th Annual General Meeting of the federation on April 11 and 12.</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 election committee of the Federation of Nepalese Chamber of Commerce and Industry, there are three candidates for one post of senior vice president, eight candidates for three posts of vice presidents and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">108</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> candidates for </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">60</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 is of particular interest because the senior vice president will automatically become the FNCCI president during 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 candidates for this post include Ram Chandra Sanghai, Umesh Lal Shrestha and Anjan Shrestha. All the three candidates for the position of senior vice president have formed their own panels. This is the first time in the history of the federation that three election panels have been formed.</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 Sur Krishna Vaidya as the district vice president, Sukunta 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><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 provisions of the FNCCI, the tenure of the current president Shekhar Golchha will continue until the general assembly.</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"">After the general meeting, Senior Vice President Chandra Dhakal will automatically become the next president. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17207', 'image' => '20230406011319_1680761442.FNCCI 1-1.jpg', 'article_date' => '2023-04-06 13:12:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17471', 'article_category_id' => '1', 'title' => 'Revenue Collection Improving: Finance Secretary', 'sub_title' => '', 'summary' => 'April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">April 6: Finance Secretary Toyam Raya insists that revenue collection is improving despite the internal pressure of the economy. During a program organized on Wednesday to unveil the Nepal Development Update (April 2023), Secretary Raya claimed that the revenue collection, which was sluggish since the first month of the current fiscal year, has been improving.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that further improvement in revenue collection is expected. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“This year, there has been improvements in tourism, agricultural remittances and hydropower sectors, which will make the economy vibrant,” said Raya, adding, “There is still financial pressure internally. However, I believe that the country can stand strong against this challenge.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the program, Faris Hadad-Zervos, country director of the World Bank for Nepal, Sri Lanka and the Maldives said that there has been a slowdown in industrial production in all the countries of South Asia.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">India's manufacturing sector also shrunk by 2 percent between June and December last year, according to the World Bank's South Asia Economic Focus. Sri Lanka, Bangladesh and Pakistan received help from the International Monetary Fund (IMF) to solve the problems of the external sector. He said that the IMF program is also under discussion in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prof Dr Shiva Raj Adhikari, head of the economics department of Tribhuvan University said that Nepal needs policy changes to tame inflation, weak capital expenditure and other systemic challenges. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Barsha Shrestha, head of ICRA Nepal said that in order to improve the current economic situation, Nepal needs to make timely changes in its economic policies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the semi-annual 'Country Update' of the World Bank, the economic growth rate of Nepal this year is going to be lower than previously projected. The 'Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment' predicts that Nepal's economy will grow by 4.1 percent in the fiscal year 2023, which is less than the estimate of October 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Fiscal Year 2023/24, the growth rate is expected to increase to 4.9 percent due to the revival of the tourism sector, increase in remittance inflow and gradual easing of monetary policy. Inflation in South Asia is expected to drop to 8.9 percent this year and to fall below 7 percent in 2024.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17206', 'image' => '20230406124259_touyam.jpg', 'article_date' => '2023-04-06 12:34:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '17470', 'article_category_id' => '1', 'title' => 'Kathmandu Denizens Bearing Financial Losses worth Rs 116 Billion a Year due to Traffic Congestion', 'sub_title' => '', 'summary' => 'April 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.', '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 6: A study conducted by the Kathmandu Metropolitan City (KMC) has found that the residents of the Kathmandu Valley have been facing annual losses worth Rs 116 billion due to traffic jams.</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"">Jagatman Shrestha, traffic management advisor to the Kathmandu Metropolitan City, said that traffic jams causes problems like air and noise pollution, extra fuel consumption, deterioration of vehicles, health problems and accidents, resulting in financial losses worth Rs 116 billion a 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"">"This is a massive loss. KMC is studying how to reduce traffic jams in order to minimize the financial losses,” said 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:"Nirmala UI","sans-serif"">Shrestha added that the Ministry of Physical Infrastructure and Transport, the Transport Management Office and the Department of Roads should support KMC’s efforts to minimize traffic congestion.</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 him, the present situation has been created due to problems in the engineering of public transport operation and management and negligence in fulfilling the responsibilities.</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"">Traffic management expert Shrestha said that the federal capital’s Urban Area Public Transport Authority should start working on how to manage vehicles and traffic within the valley.</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 government has issued the 'Urban Area Public Transport (Management) Authority Act-2079' for effective management of public transport. The legal arrangements of the authority are made with the aim of making the public transport sector in the urban areas easy, accessible, passenger-friendly, reliable, cost-effective and safe.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-04-06', 'modified' => '2023-04-06', 'keywords' => '', 'description' => '', 'sortorder' => '17205', 'image' => '20230406114414_20170428102005_slider.jpg', 'article_date' => '2023-04-06 11:42:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $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
