March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last…
March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last…
March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every…
A total of 22 cases have been registered with District Administration Office Banke against loan…
The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the…
Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27,…
March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu…
March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory.…
March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May…
March 28: Nepal's First International Coin and Banknotes exhibition has started from…
March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday.…
March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their…
The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign…
March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity.…
The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality…
March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </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"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </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"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </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"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17384', 'article_category_id' => '1', 'title' => 'Government To Provide Free Telemedicine Service to Nepali Migrant Workers Overseas ', 'sub_title' => '', 'summary' => 'The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. ', 'content' => '<p><span style="font-size:18px">March 28: The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. </span></p> <p><span style="font-size:18px">Telemedicine service will start from 10 am on Wednesday, March 29. Board spokesperson Rajan Poudel said the service would be catered during the office hours as per Nepal time except on public holidays. The Nepali migrant workers employed overseas can call at mobile number 9851345701 and 9851345702 on Viber, Whatsapp or e-mail. </span></p> <p><span style="font-size:18px">The call will be received by the telemedicine medical officer and if specialist service is required for the caller, it would be provided on every Sunday and Friday at the recommendation of the medical officer. Spokesman Poudel said the service will be available on Friday and Sunday as they have public holiday on the two days in the destination countries. </span></p> <p><span style="font-size:18px">The prescription for the service-seeking worker would be sent online. The Board will bear all the expenses of this service. <br /> The Ministry of Labour, Employment and Social Security has already approved the Telemedicine Service Operation Procedures, 2023 for operating telemedicine service targeting the Nepali workers on foreign employment.</span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17119', 'image' => '20230328061509_collage (40).jpg', 'article_date' => '2023-03-28 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17383', 'article_category_id' => '1', 'title' => 'Policy Improvement necessary to Increase Energy Consumption: Experts', 'sub_title' => '', 'summary' => 'March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. They say that no matter how popular the government's slogan is, if the same policy continues, the use of electricity will not increase as expected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Experts and stakeholders in the power sector argued that the state's policy implementation capacity is also very weak. Energy sector expert Narayan Gyawali, who is also the president of the National Association of Community Electricity Users-Nepal (NACEUN) said that to increase electricity consumption, electricity must first reach the homes of all Nepalese. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“The government said six years ago that electricity can be delivered to all the households of Nepali citizens, but it is yet to come true. The government is now saying that it will reach every household after two years.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Gyawali, even in places with access to electricity, there is not enough quality electricity to run all the equipment. He said that although electricity lines are connected to some houses and apartments, they still rely on generators to meet the demand. Gyawali, added that the current system should be updated to improve the quality of electricity. He also suggested the government to make the electricity tariff easy for common consumers to pay.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It’s been a long time since the government has been promoting the use of electric induction stoves in order to increase the electricity consumption and save foreign exchange reserves on LP gas imports. However, electric stoves are used in the kitchens of only few Nepalese. Consumers say that there is no guarantee of regular supply of electricity and they are continuing to use gas as there is no difference in purchasing gas cylinders and induction stoves.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Energy entrepreneurs also say that the government should make induction stoves cheaper. They are insisting on giving VAT exemption on utensils used with induction stoves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Mohan Bahadur Dangi, vice president of the Independent Power Producers' Association, Nepal (IPPAN) says that the state should make people realize that using induction stoves is beneficial. Dangi said, “The government is now giving a subsidy of Rs 592 per cylinder on LP gas. If gas subsidy is cut and given to induction stoves or electricity tariffs, the use of induction stoves as well as electricity-powered goods will increase. And the demand for electricity will also increase.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He opined that the government should also introduce programs to encourage the use of electric vehicles to increase electricity demand.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dangi further added, “Government should also bring a program to convert diesel and petrol vehicles into electric ones.” He said that it is equally important to build infrastructure including charging stations at different places to promote the use of electric vehicles.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Government officials claim that electricity consumption is increasing nationwide. The spokesperson for the Ministry of Energy, Madhu Prasad Bhetuwal said that the government is introducing various programs to further increase the demand for electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He said, “The government has given high priority to the use of electric vehicles. Necessary structures are being built for this. We have started the use of induction stoves and gas displacement program from Singha Durbar and KMC.” He said that electricity is being provided at a low rate to increase the demand in agriculture, irrigation and drinking water sectors.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhetuwal also admitted that electricity transmission and distribution system is yet to reach some parts of the country. According to the Nepal Electricity Authority, electricity reached about 96 percent of the country's population by December. According to the authority, about 92 percent of the population has access to electricity through the national transmission line and 4 percent through alternative energy. The goal is to provide electricity to the remaining 4 percent of the population within the next fiscal year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Electrification has been done through alternative energy in areas that do not have access to national grid. Officials of the authority say that only 30/35 rural municipalities are yet to be electrified out of 753 local units. Electricity supplied to remote areas through alternative energy cannot be used for other purposes except for lighting.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17118', 'image' => '20230327052853_elec.jpg', 'article_date' => '2023-03-27 17:28:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17380', 'article_category_id' => '1', 'title' => 'Khumaidanda Witnesses Surge in Tourist Arrival', 'sub_title' => '', 'summary' => 'The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. ', 'content' => '<p><span style="font-size:18px">March 27: The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. </span></p> <p><span style="font-size:18px">Popular tourism destination Khorchang is just a two-hour walk from Khumaidanda – which is located at an altitude of 3,245 meters from the sea level.</span></p> <p><span style="font-size:18px">Korchang sits at an altitude of 3,682 meters. It takes only two days to trek the Saripakha-Khumaidanda-Korchang route, also locally known as the Great Machhapuchhre Trail, from Pokhara. </span></p> <p><span style="font-size:18px">Tourist can travel 13.3-km from Hemja, Pokhara to Saripakha on vehicle. Then, it takes five to seven hours of walks to reach atop the Khumaidanda, said Machhapuchhre Rural Municipality-1, Ward Chair Indra Bahadur Gurung. </span></p> <p><span style="font-size:18px">Gurung further informed that the trekkers can stay the first night in Khumai and manage to return Pokhara next day after reaching the Korchadanda. </span></p> <p><span style="font-size:18px">Machhapuchhre Rural Municipality of Kaski had recently conducted its 16th executive meeting in Khumaidanda. Machhapuchhre Chair Min Bahadur Gurung shared that the meeting was organized in touristic site for tourism promotion. </span></p> <p><span style="font-size:18px">The meeting focused on developing physical infrastructures in the area considering surge of internal and external tourists of late. "Khumaidanda has received an increasing number of tourists in recent months," Gurung informed.</span></p> <p><span style="font-size:18px">"The municipal executive meeting was organized here to map the services needed for tourists," Gurung added. <br /> The meeting decided to declare Saripakha-Khumai-Korcha route as a trekking route and manage services accordingly, Chief Administrative Officer Bedahari Adhikari informed. (RSS) </span><br /> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17116', 'image' => '20230327040417_collage - 2023-03-27T155643.040.jpg', 'article_date' => '2023-03-27 15:53:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17378', 'article_category_id' => '1', 'title' => 'IMF Chief says Risks to Financial Stability have Increased', 'sub_title' => '', 'summary' => 'March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">AGENCIES</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to “stresses” in leading economies, the Guardian reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Guardian, Georgieva said that the world economy would expand by just 3 percent this year as rising borrowing costs, combined with the war in Ukraine and scarring from the Covid-19 pandemic, would suffocate growth.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank and the Swiss-government brokered rescue of Credit Suisse by UBS.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, she told the China Development Forum that "uncertainties are exceptionally high," with the outlook for the global economy likely to remain weak over the medium term.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates -- necessary to fight inflation -- inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies," AFP quoted her as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Her stark comments came as the European Central Bank (ECB) said the recent turmoil in banking would have a real-world impact on business and growth, added the Guardian.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The EU central bank fears problems in the banking sector will result in lower growth and dampen inflation, the ECB vice-president, Luis de Guindos, said in an interview with Business Post.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, AFP reported that bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief, however, pointed to China's rebound as a bright spot for the world economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The IMF forecasts China's economy to grow 5.2 percent this year, driven by a rebound in private consumption as the country reopens after its pandemic isolation.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17114', 'image' => '20230327082819_Kristalina-Georgieva- - Copy.jpg', 'article_date' => '2023-03-27 08:27:26', '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() - 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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </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"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </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"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </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"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17384', 'article_category_id' => '1', 'title' => 'Government To Provide Free Telemedicine Service to Nepali Migrant Workers Overseas ', 'sub_title' => '', 'summary' => 'The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. ', 'content' => '<p><span style="font-size:18px">March 28: The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. </span></p> <p><span style="font-size:18px">Telemedicine service will start from 10 am on Wednesday, March 29. Board spokesperson Rajan Poudel said the service would be catered during the office hours as per Nepal time except on public holidays. The Nepali migrant workers employed overseas can call at mobile number 9851345701 and 9851345702 on Viber, Whatsapp or e-mail. </span></p> <p><span style="font-size:18px">The call will be received by the telemedicine medical officer and if specialist service is required for the caller, it would be provided on every Sunday and Friday at the recommendation of the medical officer. Spokesman Poudel said the service will be available on Friday and Sunday as they have public holiday on the two days in the destination countries. </span></p> <p><span style="font-size:18px">The prescription for the service-seeking worker would be sent online. The Board will bear all the expenses of this service. <br /> The Ministry of Labour, Employment and Social Security has already approved the Telemedicine Service Operation Procedures, 2023 for operating telemedicine service targeting the Nepali workers on foreign employment.</span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17119', 'image' => '20230328061509_collage (40).jpg', 'article_date' => '2023-03-28 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17383', 'article_category_id' => '1', 'title' => 'Policy Improvement necessary to Increase Energy Consumption: Experts', 'sub_title' => '', 'summary' => 'March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. They say that no matter how popular the government's slogan is, if the same policy continues, the use of electricity will not increase as expected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Experts and stakeholders in the power sector argued that the state's policy implementation capacity is also very weak. Energy sector expert Narayan Gyawali, who is also the president of the National Association of Community Electricity Users-Nepal (NACEUN) said that to increase electricity consumption, electricity must first reach the homes of all Nepalese. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“The government said six years ago that electricity can be delivered to all the households of Nepali citizens, but it is yet to come true. The government is now saying that it will reach every household after two years.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Gyawali, even in places with access to electricity, there is not enough quality electricity to run all the equipment. He said that although electricity lines are connected to some houses and apartments, they still rely on generators to meet the demand. Gyawali, added that the current system should be updated to improve the quality of electricity. He also suggested the government to make the electricity tariff easy for common consumers to pay.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It’s been a long time since the government has been promoting the use of electric induction stoves in order to increase the electricity consumption and save foreign exchange reserves on LP gas imports. However, electric stoves are used in the kitchens of only few Nepalese. Consumers say that there is no guarantee of regular supply of electricity and they are continuing to use gas as there is no difference in purchasing gas cylinders and induction stoves.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Energy entrepreneurs also say that the government should make induction stoves cheaper. They are insisting on giving VAT exemption on utensils used with induction stoves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Mohan Bahadur Dangi, vice president of the Independent Power Producers' Association, Nepal (IPPAN) says that the state should make people realize that using induction stoves is beneficial. Dangi said, “The government is now giving a subsidy of Rs 592 per cylinder on LP gas. If gas subsidy is cut and given to induction stoves or electricity tariffs, the use of induction stoves as well as electricity-powered goods will increase. And the demand for electricity will also increase.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He opined that the government should also introduce programs to encourage the use of electric vehicles to increase electricity demand.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dangi further added, “Government should also bring a program to convert diesel and petrol vehicles into electric ones.” He said that it is equally important to build infrastructure including charging stations at different places to promote the use of electric vehicles.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Government officials claim that electricity consumption is increasing nationwide. The spokesperson for the Ministry of Energy, Madhu Prasad Bhetuwal said that the government is introducing various programs to further increase the demand for electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He said, “The government has given high priority to the use of electric vehicles. Necessary structures are being built for this. We have started the use of induction stoves and gas displacement program from Singha Durbar and KMC.” He said that electricity is being provided at a low rate to increase the demand in agriculture, irrigation and drinking water sectors.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhetuwal also admitted that electricity transmission and distribution system is yet to reach some parts of the country. According to the Nepal Electricity Authority, electricity reached about 96 percent of the country's population by December. According to the authority, about 92 percent of the population has access to electricity through the national transmission line and 4 percent through alternative energy. The goal is to provide electricity to the remaining 4 percent of the population within the next fiscal year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Electrification has been done through alternative energy in areas that do not have access to national grid. Officials of the authority say that only 30/35 rural municipalities are yet to be electrified out of 753 local units. Electricity supplied to remote areas through alternative energy cannot be used for other purposes except for lighting.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17118', 'image' => '20230327052853_elec.jpg', 'article_date' => '2023-03-27 17:28:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17380', 'article_category_id' => '1', 'title' => 'Khumaidanda Witnesses Surge in Tourist Arrival', 'sub_title' => '', 'summary' => 'The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. ', 'content' => '<p><span style="font-size:18px">March 27: The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. </span></p> <p><span style="font-size:18px">Popular tourism destination Khorchang is just a two-hour walk from Khumaidanda – which is located at an altitude of 3,245 meters from the sea level.</span></p> <p><span style="font-size:18px">Korchang sits at an altitude of 3,682 meters. It takes only two days to trek the Saripakha-Khumaidanda-Korchang route, also locally known as the Great Machhapuchhre Trail, from Pokhara. </span></p> <p><span style="font-size:18px">Tourist can travel 13.3-km from Hemja, Pokhara to Saripakha on vehicle. Then, it takes five to seven hours of walks to reach atop the Khumaidanda, said Machhapuchhre Rural Municipality-1, Ward Chair Indra Bahadur Gurung. </span></p> <p><span style="font-size:18px">Gurung further informed that the trekkers can stay the first night in Khumai and manage to return Pokhara next day after reaching the Korchadanda. </span></p> <p><span style="font-size:18px">Machhapuchhre Rural Municipality of Kaski had recently conducted its 16th executive meeting in Khumaidanda. Machhapuchhre Chair Min Bahadur Gurung shared that the meeting was organized in touristic site for tourism promotion. </span></p> <p><span style="font-size:18px">The meeting focused on developing physical infrastructures in the area considering surge of internal and external tourists of late. "Khumaidanda has received an increasing number of tourists in recent months," Gurung informed.</span></p> <p><span style="font-size:18px">"The municipal executive meeting was organized here to map the services needed for tourists," Gurung added. <br /> The meeting decided to declare Saripakha-Khumai-Korcha route as a trekking route and manage services accordingly, Chief Administrative Officer Bedahari Adhikari informed. (RSS) </span><br /> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17116', 'image' => '20230327040417_collage - 2023-03-27T155643.040.jpg', 'article_date' => '2023-03-27 15:53:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17378', 'article_category_id' => '1', 'title' => 'IMF Chief says Risks to Financial Stability have Increased', 'sub_title' => '', 'summary' => 'March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">AGENCIES</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to “stresses” in leading economies, the Guardian reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Guardian, Georgieva said that the world economy would expand by just 3 percent this year as rising borrowing costs, combined with the war in Ukraine and scarring from the Covid-19 pandemic, would suffocate growth.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank and the Swiss-government brokered rescue of Credit Suisse by UBS.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, she told the China Development Forum that "uncertainties are exceptionally high," with the outlook for the global economy likely to remain weak over the medium term.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates -- necessary to fight inflation -- inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies," AFP quoted her as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Her stark comments came as the European Central Bank (ECB) said the recent turmoil in banking would have a real-world impact on business and growth, added the Guardian.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The EU central bank fears problems in the banking sector will result in lower growth and dampen inflation, the ECB vice-president, Luis de Guindos, said in an interview with Business Post.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, AFP reported that bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief, however, pointed to China's rebound as a bright spot for the world economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The IMF forecasts China's economy to grow 5.2 percent this year, driven by a rebound in private consumption as the country reopens after its pandemic isolation.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17114', 'image' => '20230327082819_Kristalina-Georgieva- - Copy.jpg', 'article_date' => '2023-03-27 08:27:26', '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 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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '17397', 'article_category_id' => '1', 'title' => 'Earthquake Jolts Taplejung ', 'sub_title' => '', 'summary' => 'March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </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"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </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"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </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"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17384', 'article_category_id' => '1', 'title' => 'Government To Provide Free Telemedicine Service to Nepali Migrant Workers Overseas ', 'sub_title' => '', 'summary' => 'The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. ', 'content' => '<p><span style="font-size:18px">March 28: The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. </span></p> <p><span style="font-size:18px">Telemedicine service will start from 10 am on Wednesday, March 29. Board spokesperson Rajan Poudel said the service would be catered during the office hours as per Nepal time except on public holidays. The Nepali migrant workers employed overseas can call at mobile number 9851345701 and 9851345702 on Viber, Whatsapp or e-mail. </span></p> <p><span style="font-size:18px">The call will be received by the telemedicine medical officer and if specialist service is required for the caller, it would be provided on every Sunday and Friday at the recommendation of the medical officer. Spokesman Poudel said the service will be available on Friday and Sunday as they have public holiday on the two days in the destination countries. </span></p> <p><span style="font-size:18px">The prescription for the service-seeking worker would be sent online. The Board will bear all the expenses of this service. <br /> The Ministry of Labour, Employment and Social Security has already approved the Telemedicine Service Operation Procedures, 2023 for operating telemedicine service targeting the Nepali workers on foreign employment.</span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17119', 'image' => '20230328061509_collage (40).jpg', 'article_date' => '2023-03-28 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17383', 'article_category_id' => '1', 'title' => 'Policy Improvement necessary to Increase Energy Consumption: Experts', 'sub_title' => '', 'summary' => 'March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. They say that no matter how popular the government's slogan is, if the same policy continues, the use of electricity will not increase as expected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Experts and stakeholders in the power sector argued that the state's policy implementation capacity is also very weak. Energy sector expert Narayan Gyawali, who is also the president of the National Association of Community Electricity Users-Nepal (NACEUN) said that to increase electricity consumption, electricity must first reach the homes of all Nepalese. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“The government said six years ago that electricity can be delivered to all the households of Nepali citizens, but it is yet to come true. The government is now saying that it will reach every household after two years.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Gyawali, even in places with access to electricity, there is not enough quality electricity to run all the equipment. He said that although electricity lines are connected to some houses and apartments, they still rely on generators to meet the demand. Gyawali, added that the current system should be updated to improve the quality of electricity. He also suggested the government to make the electricity tariff easy for common consumers to pay.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It’s been a long time since the government has been promoting the use of electric induction stoves in order to increase the electricity consumption and save foreign exchange reserves on LP gas imports. However, electric stoves are used in the kitchens of only few Nepalese. Consumers say that there is no guarantee of regular supply of electricity and they are continuing to use gas as there is no difference in purchasing gas cylinders and induction stoves.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Energy entrepreneurs also say that the government should make induction stoves cheaper. They are insisting on giving VAT exemption on utensils used with induction stoves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Mohan Bahadur Dangi, vice president of the Independent Power Producers' Association, Nepal (IPPAN) says that the state should make people realize that using induction stoves is beneficial. Dangi said, “The government is now giving a subsidy of Rs 592 per cylinder on LP gas. If gas subsidy is cut and given to induction stoves or electricity tariffs, the use of induction stoves as well as electricity-powered goods will increase. And the demand for electricity will also increase.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He opined that the government should also introduce programs to encourage the use of electric vehicles to increase electricity demand.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dangi further added, “Government should also bring a program to convert diesel and petrol vehicles into electric ones.” He said that it is equally important to build infrastructure including charging stations at different places to promote the use of electric vehicles.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Government officials claim that electricity consumption is increasing nationwide. The spokesperson for the Ministry of Energy, Madhu Prasad Bhetuwal said that the government is introducing various programs to further increase the demand for electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He said, “The government has given high priority to the use of electric vehicles. Necessary structures are being built for this. We have started the use of induction stoves and gas displacement program from Singha Durbar and KMC.” He said that electricity is being provided at a low rate to increase the demand in agriculture, irrigation and drinking water sectors.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhetuwal also admitted that electricity transmission and distribution system is yet to reach some parts of the country. According to the Nepal Electricity Authority, electricity reached about 96 percent of the country's population by December. According to the authority, about 92 percent of the population has access to electricity through the national transmission line and 4 percent through alternative energy. The goal is to provide electricity to the remaining 4 percent of the population within the next fiscal year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Electrification has been done through alternative energy in areas that do not have access to national grid. Officials of the authority say that only 30/35 rural municipalities are yet to be electrified out of 753 local units. Electricity supplied to remote areas through alternative energy cannot be used for other purposes except for lighting.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17118', 'image' => '20230327052853_elec.jpg', 'article_date' => '2023-03-27 17:28:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17380', 'article_category_id' => '1', 'title' => 'Khumaidanda Witnesses Surge in Tourist Arrival', 'sub_title' => '', 'summary' => 'The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. ', 'content' => '<p><span style="font-size:18px">March 27: The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. </span></p> <p><span style="font-size:18px">Popular tourism destination Khorchang is just a two-hour walk from Khumaidanda – which is located at an altitude of 3,245 meters from the sea level.</span></p> <p><span style="font-size:18px">Korchang sits at an altitude of 3,682 meters. It takes only two days to trek the Saripakha-Khumaidanda-Korchang route, also locally known as the Great Machhapuchhre Trail, from Pokhara. </span></p> <p><span style="font-size:18px">Tourist can travel 13.3-km from Hemja, Pokhara to Saripakha on vehicle. Then, it takes five to seven hours of walks to reach atop the Khumaidanda, said Machhapuchhre Rural Municipality-1, Ward Chair Indra Bahadur Gurung. </span></p> <p><span style="font-size:18px">Gurung further informed that the trekkers can stay the first night in Khumai and manage to return Pokhara next day after reaching the Korchadanda. </span></p> <p><span style="font-size:18px">Machhapuchhre Rural Municipality of Kaski had recently conducted its 16th executive meeting in Khumaidanda. Machhapuchhre Chair Min Bahadur Gurung shared that the meeting was organized in touristic site for tourism promotion. </span></p> <p><span style="font-size:18px">The meeting focused on developing physical infrastructures in the area considering surge of internal and external tourists of late. "Khumaidanda has received an increasing number of tourists in recent months," Gurung informed.</span></p> <p><span style="font-size:18px">"The municipal executive meeting was organized here to map the services needed for tourists," Gurung added. <br /> The meeting decided to declare Saripakha-Khumai-Korcha route as a trekking route and manage services accordingly, Chief Administrative Officer Bedahari Adhikari informed. (RSS) </span><br /> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17116', 'image' => '20230327040417_collage - 2023-03-27T155643.040.jpg', 'article_date' => '2023-03-27 15:53:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17378', 'article_category_id' => '1', 'title' => 'IMF Chief says Risks to Financial Stability have Increased', 'sub_title' => '', 'summary' => 'March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">AGENCIES</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to “stresses” in leading economies, the Guardian reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Guardian, Georgieva said that the world economy would expand by just 3 percent this year as rising borrowing costs, combined with the war in Ukraine and scarring from the Covid-19 pandemic, would suffocate growth.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank and the Swiss-government brokered rescue of Credit Suisse by UBS.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, she told the China Development Forum that "uncertainties are exceptionally high," with the outlook for the global economy likely to remain weak over the medium term.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates -- necessary to fight inflation -- inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies," AFP quoted her as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Her stark comments came as the European Central Bank (ECB) said the recent turmoil in banking would have a real-world impact on business and growth, added the Guardian.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The EU central bank fears problems in the banking sector will result in lower growth and dampen inflation, the ECB vice-president, Luis de Guindos, said in an interview with Business Post.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, AFP reported that bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief, however, pointed to China's rebound as a bright spot for the world economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The IMF forecasts China's economy to grow 5.2 percent this year, driven by a rebound in private consumption as the country reopens after its pandemic isolation.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17114', 'image' => '20230327082819_Kristalina-Georgieva- - Copy.jpg', 'article_date' => '2023-03-27 08:27:26', '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() - 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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 29: An earthquake rocked eastern mountainous district of Nepal, Taplejung, last night. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Centre for Seismology, an earthquake measuring 4.6 magnitude occurred at 11.41 pm on Tuesday night with its epicenter at Syao, Taplejung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The tremor was felt in several districts of eastern Nepal. The eastern and western districts of Nepal have been experiencing frequent earthquakes of late. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17132', 'image' => '20230329121710_earth.jpg', 'article_date' => '2023-03-29 12:16:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17396', 'article_category_id' => '1', 'title' => 'Government’s T-Bills Obligation on the Rise', 'sub_title' => '', 'summary' => 'March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">March 29: The obligation of the Treasury Bills (T bills) that the government has been issuing to collect internal debts has been on the rise every year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The fiscal liability incurred from the T-bills has sharply increased due to the rollover and the government’s failure to pay back the principal amount. The government issues the T-bills as a short-term bond to raise funds for the period less than a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Public Debt Management Office, the government's obligation for the internal debt is likely to exceed Rs 473 billion. Under Secretary at the Office Dilaram Giri said that the Office has sought Rs 100 billion from the government to pay back some percent of the total amount in the upcoming fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We have asked to prioritize the clearance of the principal amount of the debt. The amount was sought to pay back the debt amount of the Treasury Bills by 25 per cent every year," he added.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Office, a total of Rs 337 billion has been sought from the government in the next fiscal year (FY 2023/24) for the fiscal management to repay both the internal and external debts' principal amount and interest. However, the government is not in a position to provide the amount as asked by the Office due to the low revenue collection.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Assistant spokesperson of Nepal Rastra Bank (NRB), Narayan Prasad Pokharel said that some 80 to 90 per cent of the T-bills have been rolled over so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"The internal debt should be raised as targeted by the budget. But, the government can ask not to continue it if sufficient revenue is collected and other sources of budget have been explored," Pokharel argued.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">From the payment of the T-bills, the banks and financial institutions will have sufficient liquidity and that could contribute to lower the interest rate. However, the BFIs seem more focused on investing in the T-bills.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB on Tuesday is issuing Treasury Bills of Rs 22.10 billion to raise internal loans and the maturity time for the amount ranges from 28 to 364 days.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the Public Debt Management Office, the government's sovereign debt is Rs 2070.53 billion including Rs 968.1 billion internal debt.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17131', 'image' => '20230329093223_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-03-29 09:31:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17395', 'article_category_id' => '1', 'title' => 'Twenty-two Cases Filed With Banke DAO Against Loan Sharks ', 'sub_title' => '', 'summary' => 'A total of 22 cases have been registered with District Administration Office Banke against loan sharks.', 'content' => '<p><br /> <span style="font-size:18px">March 29: A total of 22 cases have been registered with District Administration Office Banke against loan sharks. </span></p> <p><span style="font-size:18px">Out of the total cases related to usury, fifteen cases have reached the court, reconciliation(milapatra) has been done in two cases, two have been sent to the police, one loan shark has not come into contact and two cases have not been probed yet, according to Banke DAO.</span></p> <p><span style="font-size:18px">Banke CDO Bipin Acharya said the district does not have serious problems of loan sharks. “Banke does not have big problems of loan sharking as in the eastern Nepal. And we have forwarded the action against loan sharks on a regular basis,” Acharya informed. </span></p> <p><span style="font-size:18px">CDO Acharya said that usury cases that have reached the court will be settled by the court itself.<br /> Following the government call to the loan shark victims to register their cases, Banke DAO had begun a probe into usury cases. </span></p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17130', 'image' => '20230329065714_collage (42).jpg', 'article_date' => '2023-03-29 06:54:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 3 => array( 'Article' => array( 'id' => '17394', 'article_category_id' => '1', 'title' => 'Industries Polluting Sirsiya River Booked in Birgunj', 'sub_title' => '', 'summary' => 'The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river.', 'content' => '<p><br /> <span style="font-size:18px">March 29: The Birgunj Metropolitan City has begun tightening the noose against industries polluting the Sirsiya River in the metropolis. Five industries have been fined for defying the repeated warnings from the Metropolitan City for contaminating the river. </span></p> <p><span style="font-size:18px">Each industry was fined Rs 300,000 for causing pollution. The metropolitan office swung into action after videos of people worshipping in the polluted River during the last Chhat Puja and locals expressing displeasure over it went viral on social media.</span></p> <p><span style="font-size:18px">The Metropolitan City took action against the Global Leather Industry, Arnika Processing Industry, Shree Siddi Textiles, Moriam Leather Industry at ward no 21 and Durga Pulp and Paper in ward no 32. </span></p> <p><span style="font-size:18px">All these industries are situated at Birgunj-Pathalaiya Industrial Corridor. Letters have been sent to these industries to submit the penalty within a week, said Laxmi Prasad Poudel, the Chief Administrative Officer of the Metropolitan City. </span></p> <p><span style="font-size:18px">Five industries were penalized as per the Protection of Environment and Natural Resource Act-2077 BS. Birgunj Mayor Rajesh Man Singh dubbed the Sirsiya River as a 'lifeline' to Birgunj city and warned that the city would continue keeping an eye over those industries and people trying to sully the purity of the river. </span></p> <p><span style="font-size:18px">The river contamination has adversely affected people from over a dozen villages such as Simara, Ramauli in Bara district, Sirsiya, Tajpur, Ramgadhawa in Parsa district, Ramban, Ashokbatika, Bindabasini among others in Birgunj Metropolitan City.</span><br /> </p> ', 'published' => true, 'created' => '2023-03-29', 'modified' => '2023-03-29', 'keywords' => '', 'description' => '', 'sortorder' => '17129', 'image' => '20230329063236_collage (41).jpg', 'article_date' => '2023-03-29 06:29:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '17393', 'article_category_id' => '1', 'title' => 'Better Home Appliances Rewards Its Best Retailers With Trip to Thailand ', 'sub_title' => '', 'summary' => 'Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.', 'content' => '<p><span style="font-size:18px">March 28: Better Home Appliances, an electronic and home appliance brand under Ravi and Sunny Industries Pvt. Ltd., sent its top retailers with the highest sales on a 5-day trip to Thailand on March 27, 2023.</span></p> <p><span style="font-size:18px"> The retailers were rewarded with the trip for having the highest number of sales in the last fiscal year. Despite the tough times, Better offered the trip to its retailers to encourage and motivate them to work harder and sell more in the days to come. </span></p> <p><span style="font-size:18px"> “We want to uplift our retailers and let them know that no matter what, we’ve got their back. We are grateful to have received such dedication from them and wanted to show our appreciation,” said Sunny Rauniyar, Co-Founder and COO of Better Home Appliances. </span></p> <p><span style="font-size:18px">Better Home Appliances offers various kinds of electronics and home appliances such as pressure cookers, rice cookers, irons, induction stoves, infrared stoves, electric jugs, fans, heaters, etc., in Nepali market. </span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17128', 'image' => '20230328052404_collage - 2023-03-28T172349.199.jpg', 'article_date' => '2023-03-28 17:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '17391', 'article_category_id' => '1', 'title' => 'DPR of Raxaul-Kathmandu Railway being Prepared within a Month', 'sub_title' => '', 'summary' => 'March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A technical team from India is preparing the Detailed Project Report (DPR) of the Raxaul-Kathmandu Railway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Nepal Railway Company Limited, the DPR of the 136-km railway is being prepared after completing the feasibility study. </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"">The state-owned Nepal Railway confirmed that a technical team of Indian Railway Company Corporation is preparing the DPR of the railway. General Manager of Nepal Railway Company Limited, Niranjan Kumar Jha, said, "The DPR will be prepared within a month." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Construction of the railway would take momentum after the approval of the DPR. Nepal had sent an official proposal to India two years ago to prepare the DPR after Nepal and India signed the memorandum of understanding for the feasibility study of the Raxaul-Kathmandu railway on September 1, 2019. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPR is being prepared as per the proposal, added Jha. The Indian Railway Company, Konkan, had prepared the feasibility report in coordination with the Government of Nepal in eight months. As per the preliminary study, a tunnel and special types of bridges would be constructed along the 136-km long railway. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17126', 'image' => '20230328044124_20210914112433_20190325112130_Clipboard43-5.jpg', 'article_date' => '2023-03-28 16:40:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17390', 'article_category_id' => '1', 'title' => 'Food Bank Preparing to set up Organic Fertilizer Factory', 'sub_title' => '', 'summary' => 'March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">March 28: The National Food Bank Limited is preparing to open an organic fertilizer factory. The bank, which was established with the aim of reducing dependence on agricultural products by producing organic products, said that since the country is completely dependent on chemical fertilizers, billions of rupees are lost every year. So, it is preparing to establish a natural fertilizer factory.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The company informed that studies are currently being conducted at various stages with the involvement of experts for the establishment of the factory. The chairman of the bank, Sankarnath Upreti informed that the study has been initiated for the establishment of an organic fertilizer factory so that organic fertilizers can be provided to more than 100,000 farmers associated with the food bank within the next few years. He said that plan is to gradually expand it nationwide.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Upreti said, “We are also studying its potential in Nepal by collaborating with companies that are producing organic fertilizers in countries like China, South Korea, and Japan. Preliminary studies have shown a lot of potential and its production cost seems to be much cheaper than chemical fertilizers.” </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, Korean companies have also shown interest in collaborating on this. He added, “That's why we will cooperate with them and advance the work.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Agricultural production is almost impossible without chemical fertilizers. At this time, more than half of the total budget allocated by the government for agriculture is spent on buying chemical fertilizers, so there is a risk that the budget will not go to other areas of agriculture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Upreti, the organic fertilizer factory can be the best option to reduce the dependency on chemical fertilizers as the budget will be spent on chemical fertilizers and there is a growing threat of the development of agricultural infrastructure being delayed. That is why the Food Bank has taken the initiative to start it.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The bank informed that organic manure, vegetable manure made from Azola plant, cattle manure, earthworm manure etc. are being studied as alternatives among the organic fertilizers in use in Nepal. The possibility of producing fertilizers in high-tech factories in a modern way and increasing the production capacity and bringing them to the market in the form of grains or bags is being explored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to Mohan Prasad Panthi, botanist at the Food Bank, the soil has deteriorated due to the increasing use of chemical fertilizers. The soil will not loosen up for crop cultivation if chemical fertilizer is not used in even small amount. Therefore the dependency on chemical fertilizers can be gradually removed by using 50 percent chemical and 50 percent organic fertilizers in the first year, 60 percent organic and 40 percent chemical in the second year, 70 percent organic and 30 percent chemical in the third year, and 100 percent organic fertilizers in the fourth or fifth year. If only organic fertilizers are used at once, there is a risk of decreasing production rather than increasing it. Therefore, special attention should be paid to the use.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Now in Nepal, various organizations and companies are producing organic fertilizers in small quantities. Those fertilizers are more expensive than the crop itself and do not even give good results. Therefore, it seems necessary to expand its capacity. The organic fertilizer that the bank is trying to produce will have the same nutritional capacity for different crops including fruits, vegetables and grains.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17125', 'image' => '20230328034545_organic-farming.jpg', 'article_date' => '2023-03-28 15:45:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17389', 'article_category_id' => '1', 'title' => 'Deadline for Bringing 17,000 Tons of Wheat from India Extended', 'sub_title' => '', 'summary' => 'March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">March 28: The Indian Embassy has extended the deadline for exporting wheat to Nepal until May 31.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Earlier, the Government of India had fixed the date of March 31 for Nepali traders to purchase 16,951 tons out of the quota of 50,000 metric tons of wheat allocated for export to Nepal. This amount of wheat was allocated especially for traders. Meanwhile, 33,049 tons of wheat belonging to the industrialists has already entered Nepal, resulting in decline in prices of flour.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Out of the quota distributed by the Ministry of Industry, Commerce and Supply, 22 business firms are yet to bring wheat. Officials of the Morang Merchants’ Association had requested Indian Ambassador Naveen Srivastava to extend deadline during his recent visit to Biratnagar. The association had also written to the Indian embassy to extend the deadline. Upon their request, the embassy extended the deadline by two months for the import of about 17,000 tons of wheat. Secretary of Nepal Flour Mills Association and Vice President of Morang Merchants’ Association Bikash Begwani said that the decision of the Indian Embassy has resolved the problem of shortage of wheat in Nepal to some extent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The current price of wheat in Nepal is Rs 48 per kg. Before the arrival of wheat from India, its price was Rs 65 per kg. In India, wheat is now available at Rs 38 per kg. After 10 days, a new batch of wheat will hit Nepali and Indian markets. The association expects the price to remain at Rs 40 per kg in Nepal and Rs 32 per kg in India.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">After the arrival of wheat from India, the price of flour has also decreased from Rs 85 to Rs 67 per kg and the price of bran dropped from Rs 56 to Rs 44 per kg. Secretary Begwani said that after the new wheat comes to the market, the price will go down further.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Kumud Dugad, president of the association said that the government should demand 400,000 tons of wheat from the Indian government to prevent wheat shortage in the country in the future. He said that the demand for wheat should be placed immediately as the domestic production will barely last for five months. He says that the government should take timely action as it will take two months for the Indian government to fix the quota.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17124', 'image' => '20230328020529_1679959854.Clipboard12.jpg', 'article_date' => '2023-03-28 14:04:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17388', 'article_category_id' => '1', 'title' => 'First Coin and Banknotes Exhibition Begins ', 'sub_title' => '', 'summary' => 'March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: Nepal's First International Coin and Banknotes exhibition has started from Monday. The three-day-long exhibition organized by Nepal Numismatic Society is ongoing at Nepal Arts Council, Babarmahal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Coins and notes from Lichchhavi, Malla and Shah dynasties are kept in the exhibition, according to the society's general secretary Dipendra Ratna Shakya. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Former Prime Minister and Chairman of CPN (Unified Socialist) Madhav Kumar Nepal inaugurated the exhibition. In the exhibition, the numismatics from India have also participated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The exhibition shall continue till Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The first paper note was issued in Nepal in 2002 BS. The notes of Rs 5, Rs 10 and Rs 100 were issued then with the sign of cashier Janakraj Pandit. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17123', 'image' => '20230328121409_coinnn.jpg', 'article_date' => '2023-03-28 12:13:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17386', 'article_category_id' => '1', 'title' => 'Coronavirus Infection Rises all of a Sudden', 'sub_title' => '', 'summary' => 'March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: A sudden rise in the number of coronavirus infection was recorded in the country on Monday. Of the 1,266 people who were tested, 69 were found carrying the virus, according to the Ministry of Health and Population. </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"">Just a day ago, on March 26, the number was 16 while 17 were found infected with the virus on March 25. As a result, the number of active cases of COVID-19 has also increased. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the number of infections increasing in neighbouring India, it has led to a rise in positive cases in Nepal due to the open border, according to the Director of Epidemiology and Disease Control Division Dr Chuman Lal Das. Most of the infected people are entering Nepal through the Trinagar border crossing at Dhangadhi in Kailali. </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"">Meanwhile, the health ministry has urged one and all to take caution and also get themselves booster dose of COVID-19 vaccine. Administration of booster dose is currently underway in different parts of the country including Kathmandu valley. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17121', 'image' => '20230328112141_20200315104642_20200312112722_111.jpg', 'article_date' => '2023-03-28 11:20:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17385', 'article_category_id' => '1', 'title' => 'Loan Shark Victims Demonstrate in Capital ', 'sub_title' => '', 'summary' => 'March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 28: People who have fallen victims to illegal money lenders staged a protest in the federal capital on Monday, demanding laws to address their woes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the demonstration organized under the leadership of the loan shark victims struggle committee, the protestors who gathered from outside the capital took to the street in front of Bir Hospital. They demanded action against the illegal money lenders, ending the informal borrowing system, and the release of the victims detained on false ground. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The loan shark victims arrived in Kathmandu on foot from different districts of the country. They were stopped by municipal police of Kathmandu metropolitan city from entering the khula manch (open theatre). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Manoj Paswan, the coordinator of the struggle committee, appealed for justice and lamented over the act of the KMC police to stop them from entering the open theatre. Even requests for permission from the District Administration Office fell into deaf ears. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17120', 'image' => '20230328111426_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2023-03-28 11:13:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17384', 'article_category_id' => '1', 'title' => 'Government To Provide Free Telemedicine Service to Nepali Migrant Workers Overseas ', 'sub_title' => '', 'summary' => 'The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. ', 'content' => '<p><span style="font-size:18px">March 28: The government is launching free telemedicine services from March 29 targeting the Nepali workers on foreign employment. The Foreign Employment Board said advice and consultation would be provided through telemedicine service to address the health problems faced by the Nepali migrant workers in foreign land. </span></p> <p><span style="font-size:18px">Telemedicine service will start from 10 am on Wednesday, March 29. Board spokesperson Rajan Poudel said the service would be catered during the office hours as per Nepal time except on public holidays. The Nepali migrant workers employed overseas can call at mobile number 9851345701 and 9851345702 on Viber, Whatsapp or e-mail. </span></p> <p><span style="font-size:18px">The call will be received by the telemedicine medical officer and if specialist service is required for the caller, it would be provided on every Sunday and Friday at the recommendation of the medical officer. Spokesman Poudel said the service will be available on Friday and Sunday as they have public holiday on the two days in the destination countries. </span></p> <p><span style="font-size:18px">The prescription for the service-seeking worker would be sent online. The Board will bear all the expenses of this service. <br /> The Ministry of Labour, Employment and Social Security has already approved the Telemedicine Service Operation Procedures, 2023 for operating telemedicine service targeting the Nepali workers on foreign employment.</span></p> ', 'published' => true, 'created' => '2023-03-28', 'modified' => '2023-03-28', 'keywords' => '', 'description' => '', 'sortorder' => '17119', 'image' => '20230328061509_collage (40).jpg', 'article_date' => '2023-03-28 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17383', 'article_category_id' => '1', 'title' => 'Policy Improvement necessary to Increase Energy Consumption: Experts', 'sub_title' => '', 'summary' => 'March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">March 27: Stakeholders have pointed out the need to improve the existing policies to increase the use of domestically produced electricity. They say that no matter how popular the government's slogan is, if the same policy continues, the use of electricity will not increase as expected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Experts and stakeholders in the power sector argued that the state's policy implementation capacity is also very weak. Energy sector expert Narayan Gyawali, who is also the president of the National Association of Community Electricity Users-Nepal (NACEUN) said that to increase electricity consumption, electricity must first reach the homes of all Nepalese. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">“The government said six years ago that electricity can be delivered to all the households of Nepali citizens, but it is yet to come true. The government is now saying that it will reach every household after two years.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to Gyawali, even in places with access to electricity, there is not enough quality electricity to run all the equipment. He said that although electricity lines are connected to some houses and apartments, they still rely on generators to meet the demand. Gyawali, added that the current system should be updated to improve the quality of electricity. He also suggested the government to make the electricity tariff easy for common consumers to pay.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">It’s been a long time since the government has been promoting the use of electric induction stoves in order to increase the electricity consumption and save foreign exchange reserves on LP gas imports. However, electric stoves are used in the kitchens of only few Nepalese. Consumers say that there is no guarantee of regular supply of electricity and they are continuing to use gas as there is no difference in purchasing gas cylinders and induction stoves.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Energy entrepreneurs also say that the government should make induction stoves cheaper. They are insisting on giving VAT exemption on utensils used with induction stoves. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Mohan Bahadur Dangi, vice president of the Independent Power Producers' Association, Nepal (IPPAN) says that the state should make people realize that using induction stoves is beneficial. Dangi said, “The government is now giving a subsidy of Rs 592 per cylinder on LP gas. If gas subsidy is cut and given to induction stoves or electricity tariffs, the use of induction stoves as well as electricity-powered goods will increase. And the demand for electricity will also increase.” </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He opined that the government should also introduce programs to encourage the use of electric vehicles to increase electricity demand.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dangi further added, “Government should also bring a program to convert diesel and petrol vehicles into electric ones.” He said that it is equally important to build infrastructure including charging stations at different places to promote the use of electric vehicles.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Government officials claim that electricity consumption is increasing nationwide. The spokesperson for the Ministry of Energy, Madhu Prasad Bhetuwal said that the government is introducing various programs to further increase the demand for electricity.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">He said, “The government has given high priority to the use of electric vehicles. Necessary structures are being built for this. We have started the use of induction stoves and gas displacement program from Singha Durbar and KMC.” He said that electricity is being provided at a low rate to increase the demand in agriculture, irrigation and drinking water sectors.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Bhetuwal also admitted that electricity transmission and distribution system is yet to reach some parts of the country. According to the Nepal Electricity Authority, electricity reached about 96 percent of the country's population by December. According to the authority, about 92 percent of the population has access to electricity through the national transmission line and 4 percent through alternative energy. The goal is to provide electricity to the remaining 4 percent of the population within the next fiscal year.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Electrification has been done through alternative energy in areas that do not have access to national grid. Officials of the authority say that only 30/35 rural municipalities are yet to be electrified out of 753 local units. Electricity supplied to remote areas through alternative energy cannot be used for other purposes except for lighting.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17118', 'image' => '20230327052853_elec.jpg', 'article_date' => '2023-03-27 17:28:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '17380', 'article_category_id' => '1', 'title' => 'Khumaidanda Witnesses Surge in Tourist Arrival', 'sub_title' => '', 'summary' => 'The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. ', 'content' => '<p><span style="font-size:18px">March 27: The number of domestic tourists visiting the Khumaidanda is gradually increasing. With surge of visitors, operators of three local hotels here are busy managing hospitality services. </span></p> <p><span style="font-size:18px">Popular tourism destination Khorchang is just a two-hour walk from Khumaidanda – which is located at an altitude of 3,245 meters from the sea level.</span></p> <p><span style="font-size:18px">Korchang sits at an altitude of 3,682 meters. It takes only two days to trek the Saripakha-Khumaidanda-Korchang route, also locally known as the Great Machhapuchhre Trail, from Pokhara. </span></p> <p><span style="font-size:18px">Tourist can travel 13.3-km from Hemja, Pokhara to Saripakha on vehicle. Then, it takes five to seven hours of walks to reach atop the Khumaidanda, said Machhapuchhre Rural Municipality-1, Ward Chair Indra Bahadur Gurung. </span></p> <p><span style="font-size:18px">Gurung further informed that the trekkers can stay the first night in Khumai and manage to return Pokhara next day after reaching the Korchadanda. </span></p> <p><span style="font-size:18px">Machhapuchhre Rural Municipality of Kaski had recently conducted its 16th executive meeting in Khumaidanda. Machhapuchhre Chair Min Bahadur Gurung shared that the meeting was organized in touristic site for tourism promotion. </span></p> <p><span style="font-size:18px">The meeting focused on developing physical infrastructures in the area considering surge of internal and external tourists of late. "Khumaidanda has received an increasing number of tourists in recent months," Gurung informed.</span></p> <p><span style="font-size:18px">"The municipal executive meeting was organized here to map the services needed for tourists," Gurung added. <br /> The meeting decided to declare Saripakha-Khumai-Korcha route as a trekking route and manage services accordingly, Chief Administrative Officer Bedahari Adhikari informed. (RSS) </span><br /> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17116', 'image' => '20230327040417_collage - 2023-03-27T155643.040.jpg', 'article_date' => '2023-03-27 15:53:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17378', 'article_category_id' => '1', 'title' => 'IMF Chief says Risks to Financial Stability have Increased', 'sub_title' => '', 'summary' => 'March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">AGENCIES</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 27: Chief of the International Monetary Fund (IMF) on Sunday warned that the global economy faces risks to its financial stability because of the turmoil in the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates had put pressure on debts, leading to “stresses” in leading economies, the Guardian reported.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Guardian, Georgieva said that the world economy would expand by just 3 percent this year as rising borrowing costs, combined with the war in Ukraine and scarring from the Covid-19 pandemic, would suffocate growth.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank and the Swiss-government brokered rescue of Credit Suisse by UBS.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to AFP, she told the China Development Forum that "uncertainties are exceptionally high," with the outlook for the global economy likely to remain weak over the medium term.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">"At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates -- necessary to fight inflation -- inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies," AFP quoted her as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Her stark comments came as the European Central Bank (ECB) said the recent turmoil in banking would have a real-world impact on business and growth, added the Guardian.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The EU central bank fears problems in the banking sector will result in lower growth and dampen inflation, the ECB vice-president, Luis de Guindos, said in an interview with Business Post.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, AFP reported that bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The IMF chief, however, pointed to China's rebound as a bright spot for the world economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“The IMF forecasts China's economy to grow 5.2 percent this year, driven by a rebound in private consumption as the country reopens after its pandemic isolation.”</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-03-27', 'modified' => '2023-03-27', 'keywords' => '', 'description' => '', 'sortorder' => '17114', 'image' => '20230327082819_Kristalina-Georgieva- - Copy.jpg', 'article_date' => '2023-03-27 08:27:26', '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() - 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| 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
