Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for…
Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for…
Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in…
February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two…
February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day.…
February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign…
February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). …
February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western…
Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in…
February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake…
Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the…
February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has…
February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination…
February 8: Khetan Group is preparing to end its partnership with Danish beer producer…
February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading…
February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic…
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Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.', 'content' => '<p><br /> <span style="font-size:18px">February 9: Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.</span></p> <p><span style="font-size:18px">The airport was brought into operation by spending Rs 110 million for its blacktopping. Unfortunately, flight remained closed for months.</span></p> <p><span style="font-size:18px"> Summit Air was conducting a single flight to and from Patan airport every Thursday. The last time the flight was conducted from the airport was on 24 March, 2022. </span></p> <p><span style="font-size:18px">Summit Air’s representative Krishna Datta Bhatta says that chances of resuming flight are still uncertain. Eighteen minutes’ flight from Patan to Dhangadhi costs Rs 5,000 per person. </span></p> <p><span style="font-size:18px">Local Chaman Bhandari shared that closure of the air service has made it difficult for the emergency patients to reach to the well-facilitated hospital and employees to get to their workplace. </span></p> <p><span style="font-size:18px">Patan airport is the second largest in Sudurpaschim Province. The airport was brought into operation in 2077 after a long hiatus of 26 years. Patan airport that came into operation in 2036 for the first time was closed till 2051.</span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-10', 'keywords' => '', 'description' => '', 'sortorder' => '16719', 'image' => '20230209050256_collage - 2023-02-09T165454.173.jpg', 'article_date' => '2023-02-09 16:58:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16979', 'article_category_id' => '1', 'title' => 'Government Determined to Promote Industrial Sector, Says Industry Minister Damodar Bhandari ', 'sub_title' => '', 'summary' => ' Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. ', 'content' => '<p><span style="font-size:18px">February 9: Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. </span></p> <p><span style="font-size:18px">Minister Bhandari reiterated that the government was seriously working for the promotion of the industrial sector by transforming challenges into opportunities. </span></p> <p><span style="font-size:18px"> During a programme organised by the Kailali Chamber of Commerce in Dhangadhi on Thursday, the Minister said the cooperation from the private sector would be sought to revive some of the sick industries. </span></p> <p><span style="font-size:18px">Bhandari argued that more areas of industrial potentialities would be explored with a focus on the Sudurapschim Province for industrial expansion and promotion. </span></p> <p><span style="font-size:18px">Stating that prompt service delivery was the priority of the government, the Minister assured that the incumbent government would wholeheartedly work for good governance and prosperity.</span></p> <p><span style="font-size:18px">Minister Bhandari informed that subordinate bodies under the Ministry had been already directed to explore potentials in the specific areas. “Darchula has the mining of copper and lead, Baitadi has iron mining and other districts may have many more potentialities and we have prioritized these probabilities,” he added.</span></p> <p><span style="font-size:18px">A dry port based in Dodhara Chandani of Kanchanpur would be brought into operation soon, according to the minister. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16718', 'image' => '20230209033910_collage - 2023-02-09T153503.084.jpg', 'article_date' => '2023-02-09 15:34:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '16978', 'article_category_id' => '1', 'title' => 'Will the Crisis Faced by Adani Group have any Impact in Nepal?', 'sub_title' => '', 'summary' => 'February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Forbes magazine ranked Adani as the third-richest person in the world. But a recent stock rout has caused his fortune to take a nosedive, as he faces allegations of stock manipulation and debt concerns by US-based short-seller Hindenburg Research.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to data from Forbes, Adani had a net worth of US$ 2.8 billion in 2014, just before Narendra Modi – who is from the same state of Gujrat where Adani comes from – was elected as India’s prime minister. That wealth had catapulted to US$ 126.4 billion until the Hindenburg Research report on January 24 sent his business, which involves ports, airports, gas distribution, green energy, data centres, agri logistics, edible oil, and power generation and transmission, among others, into crisis, reported Al Jazeera.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the Doha-based media network, the Hindenburg report alleged that Adani family members cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the United Arab Emirates and several Caribbean islands, generating forged import/export documentation in an apparent effort to spur fake or illegitimate turnover and siphon money from the listed companies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Adani Group has defended itself stating that the report was issued with a “mala fide intention” to damage its reputation, days before the group was set to hold a public secondary share sale to raise $2.5bn, the largest such sale in the country. The Adani Group has alleged that the report’s “principal objective” was to derail the share offer.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With investor confidence shaken, legislators have demanded an investigation into his businesses as his listed companies’ shares slipped. However, the latest reports have indicated that the shares of his companies have improved in the last three days.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Hindu, one of the leading newspapers of India, wrote that the fall in shares of Adani Group will have implications on businesses and economies of India as well as its neighbouring countries Nepal, Bangladesh and Sri Lanka.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper argues that Nepal’s hydropower sector will be particularly affected as Adani Group was planning to build infrastructures related to trans-border transmission lines that would connect Nepal, Bhutan, India, Bangladesh and possibly Sri Lanka in the future.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper revealed that Adani Group had shown special interest in hydropower projects in Karnali after the then Prime Minister of Nepal Sher Bahadur and Indian PM Modi issued a joint statement of cooperation in hydropower sector during Duba’s state visit to India last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The group had made verbal proposal during unofficial discussions to invest in various hydropower projects and transmission lines within Nepal and also for the cross-border transmission lines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">However, Adani Group has not signed any kind of investment agreement with Nepal in regard to the hydropower sector and therefore the fall in shares of the group will not have any implications on Nepal, argues Aashish Garg, vice president of the Independent Power Producers Association of Nepal (IPPAN).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">“It seems that the Adani Group has not invested a single penny in Nepal. It is normal for a big company to show interest in hydropower sector of Nepal,” said Garg, adding, “In the present context, the crisis faced by Adani Group will not have any impact in Nepal.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Investment Board Nepal also clarified that Adani Group had shown interest through various means to invest in Nepal but have not held any official discussion in this regard.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">IBN’s Spokesperson Amrit Lamsal confirmed that the group has not had any official agreement with Nepal for investment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Nepal Electricity Authority’s Spokesperson Suresh Bhattarai also said that the state-owned power utility has not signed any such agreement with Adani Group.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Bhattarrai further said that even if such a big business conglomerate wishes to invest in Nepal, there won’t be any problem for source of funding.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16717', 'image' => '20230209025321_1675909175.Clipboard12.jpg', 'article_date' => '2023-02-09 14:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16977', 'article_category_id' => '1', 'title' => 'Roses worth Rs 24.7 Million Imported in a Week', 'sub_title' => '', 'summary' => 'February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. According to the data of Nepal Floriculture Association, 260,000 stem roses worth Rs 24.7 million were imported from India for the Valentine's Day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is estimated that 280,000 stem roses (both imported and local) will be traded in Nepal throughout the period of Valentine’s Day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The association estimates that 168,000 stem rose alone will be consumed in the Kathmandu Valley while 112,000 stem roses will be consumed in the cities outside the valley. Last year, on the occasion of Valentine’s Day, 277,000 stem roses were traded in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Min Bahadur Tamang, president of the association, domestic production will meet 7 percent of the total market demand for roses this time. The rest of 93 percent of the demand will be fulfill by importing roses from India. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A few years ago, Nepal used to import 65 percent of the roses needed for Valentine's Day from India while the rest of 35 percent demand was met by roses produced in the domestic market of Nepal. Tamang said that the import in recent years has skyrocketed due to the Covid-19 pandemic as some florists left the business while others reduced their investment. The domestic production is expected to increase from next year as the pandemic has already subsided.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Last year, the price of rose was between Rs 80 to Rs 100 per stem. This year, the roses are being sold for Rs 80 to Rs 120. In Nepal, there is a demand for about 10,000 steam roses even on normal days except for festivals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Floriculture Association, the commercial farming of roses in Nepal is done in Kathmandu, Bhaktapur, Lalitpur, Chitwan and Kavre, while its cultivation has started expanding in other districts as well.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16716', 'image' => '20230209011533_20190214040655__RAB0977.jpg', 'article_date' => '2023-02-09 13:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16980', 'article_category_id' => '1', 'title' => 'Flights to and from Baitadi's Patan Airport Closed for the Last Ten Months ', 'sub_title' => '', 'summary' => 'Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.', 'content' => '<p><br /> <span style="font-size:18px">February 9: Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.</span></p> <p><span style="font-size:18px">The airport was brought into operation by spending Rs 110 million for its blacktopping. Unfortunately, flight remained closed for months.</span></p> <p><span style="font-size:18px"> Summit Air was conducting a single flight to and from Patan airport every Thursday. The last time the flight was conducted from the airport was on 24 March, 2022. </span></p> <p><span style="font-size:18px">Summit Air’s representative Krishna Datta Bhatta says that chances of resuming flight are still uncertain. Eighteen minutes’ flight from Patan to Dhangadhi costs Rs 5,000 per person. </span></p> <p><span style="font-size:18px">Local Chaman Bhandari shared that closure of the air service has made it difficult for the emergency patients to reach to the well-facilitated hospital and employees to get to their workplace. </span></p> <p><span style="font-size:18px">Patan airport is the second largest in Sudurpaschim Province. The airport was brought into operation in 2077 after a long hiatus of 26 years. Patan airport that came into operation in 2036 for the first time was closed till 2051.</span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-10', 'keywords' => '', 'description' => '', 'sortorder' => '16719', 'image' => '20230209050256_collage - 2023-02-09T165454.173.jpg', 'article_date' => '2023-02-09 16:58:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16979', 'article_category_id' => '1', 'title' => 'Government Determined to Promote Industrial Sector, Says Industry Minister Damodar Bhandari ', 'sub_title' => '', 'summary' => ' Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. ', 'content' => '<p><span style="font-size:18px">February 9: Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. </span></p> <p><span style="font-size:18px">Minister Bhandari reiterated that the government was seriously working for the promotion of the industrial sector by transforming challenges into opportunities. </span></p> <p><span style="font-size:18px"> During a programme organised by the Kailali Chamber of Commerce in Dhangadhi on Thursday, the Minister said the cooperation from the private sector would be sought to revive some of the sick industries. </span></p> <p><span style="font-size:18px">Bhandari argued that more areas of industrial potentialities would be explored with a focus on the Sudurapschim Province for industrial expansion and promotion. </span></p> <p><span style="font-size:18px">Stating that prompt service delivery was the priority of the government, the Minister assured that the incumbent government would wholeheartedly work for good governance and prosperity.</span></p> <p><span style="font-size:18px">Minister Bhandari informed that subordinate bodies under the Ministry had been already directed to explore potentials in the specific areas. “Darchula has the mining of copper and lead, Baitadi has iron mining and other districts may have many more potentialities and we have prioritized these probabilities,” he added.</span></p> <p><span style="font-size:18px">A dry port based in Dodhara Chandani of Kanchanpur would be brought into operation soon, according to the minister. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16718', 'image' => '20230209033910_collage - 2023-02-09T153503.084.jpg', 'article_date' => '2023-02-09 15:34:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '16978', 'article_category_id' => '1', 'title' => 'Will the Crisis Faced by Adani Group have any Impact in Nepal?', 'sub_title' => '', 'summary' => 'February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Forbes magazine ranked Adani as the third-richest person in the world. But a recent stock rout has caused his fortune to take a nosedive, as he faces allegations of stock manipulation and debt concerns by US-based short-seller Hindenburg Research.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to data from Forbes, Adani had a net worth of US$ 2.8 billion in 2014, just before Narendra Modi – who is from the same state of Gujrat where Adani comes from – was elected as India’s prime minister. That wealth had catapulted to US$ 126.4 billion until the Hindenburg Research report on January 24 sent his business, which involves ports, airports, gas distribution, green energy, data centres, agri logistics, edible oil, and power generation and transmission, among others, into crisis, reported Al Jazeera.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the Doha-based media network, the Hindenburg report alleged that Adani family members cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the United Arab Emirates and several Caribbean islands, generating forged import/export documentation in an apparent effort to spur fake or illegitimate turnover and siphon money from the listed companies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Adani Group has defended itself stating that the report was issued with a “mala fide intention” to damage its reputation, days before the group was set to hold a public secondary share sale to raise $2.5bn, the largest such sale in the country. The Adani Group has alleged that the report’s “principal objective” was to derail the share offer.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With investor confidence shaken, legislators have demanded an investigation into his businesses as his listed companies’ shares slipped. However, the latest reports have indicated that the shares of his companies have improved in the last three days.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Hindu, one of the leading newspapers of India, wrote that the fall in shares of Adani Group will have implications on businesses and economies of India as well as its neighbouring countries Nepal, Bangladesh and Sri Lanka.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper argues that Nepal’s hydropower sector will be particularly affected as Adani Group was planning to build infrastructures related to trans-border transmission lines that would connect Nepal, Bhutan, India, Bangladesh and possibly Sri Lanka in the future.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper revealed that Adani Group had shown special interest in hydropower projects in Karnali after the then Prime Minister of Nepal Sher Bahadur and Indian PM Modi issued a joint statement of cooperation in hydropower sector during Duba’s state visit to India last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The group had made verbal proposal during unofficial discussions to invest in various hydropower projects and transmission lines within Nepal and also for the cross-border transmission lines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">However, Adani Group has not signed any kind of investment agreement with Nepal in regard to the hydropower sector and therefore the fall in shares of the group will not have any implications on Nepal, argues Aashish Garg, vice president of the Independent Power Producers Association of Nepal (IPPAN).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">“It seems that the Adani Group has not invested a single penny in Nepal. It is normal for a big company to show interest in hydropower sector of Nepal,” said Garg, adding, “In the present context, the crisis faced by Adani Group will not have any impact in Nepal.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Investment Board Nepal also clarified that Adani Group had shown interest through various means to invest in Nepal but have not held any official discussion in this regard.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">IBN’s Spokesperson Amrit Lamsal confirmed that the group has not had any official agreement with Nepal for investment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Nepal Electricity Authority’s Spokesperson Suresh Bhattarai also said that the state-owned power utility has not signed any such agreement with Adani Group.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Bhattarrai further said that even if such a big business conglomerate wishes to invest in Nepal, there won’t be any problem for source of funding.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16717', 'image' => '20230209025321_1675909175.Clipboard12.jpg', 'article_date' => '2023-02-09 14:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16977', 'article_category_id' => '1', 'title' => 'Roses worth Rs 24.7 Million Imported in a Week', 'sub_title' => '', 'summary' => 'February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. According to the data of Nepal Floriculture Association, 260,000 stem roses worth Rs 24.7 million were imported from India for the Valentine's Day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is estimated that 280,000 stem roses (both imported and local) will be traded in Nepal throughout the period of Valentine’s Day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The association estimates that 168,000 stem rose alone will be consumed in the Kathmandu Valley while 112,000 stem roses will be consumed in the cities outside the valley. Last year, on the occasion of Valentine’s Day, 277,000 stem roses were traded in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Min Bahadur Tamang, president of the association, domestic production will meet 7 percent of the total market demand for roses this time. The rest of 93 percent of the demand will be fulfill by importing roses from India. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A few years ago, Nepal used to import 65 percent of the roses needed for Valentine's Day from India while the rest of 35 percent demand was met by roses produced in the domestic market of Nepal. Tamang said that the import in recent years has skyrocketed due to the Covid-19 pandemic as some florists left the business while others reduced their investment. The domestic production is expected to increase from next year as the pandemic has already subsided.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Last year, the price of rose was between Rs 80 to Rs 100 per stem. This year, the roses are being sold for Rs 80 to Rs 120. In Nepal, there is a demand for about 10,000 steam roses even on normal days except for festivals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Floriculture Association, the commercial farming of roses in Nepal is done in Kathmandu, Bhaktapur, Lalitpur, Chitwan and Kavre, while its cultivation has started expanding in other districts as well.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16716', 'image' => '20230209011533_20190214040655__RAB0977.jpg', 'article_date' => '2023-02-09 13:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '16980', 'article_category_id' => '1', 'title' => 'Flights to and from Baitadi's Patan Airport Closed for the Last Ten Months ', 'sub_title' => '', 'summary' => 'Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.', 'content' => '<p><br /> <span style="font-size:18px">February 9: Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.</span></p> <p><span style="font-size:18px">The airport was brought into operation by spending Rs 110 million for its blacktopping. Unfortunately, flight remained closed for months.</span></p> <p><span style="font-size:18px"> Summit Air was conducting a single flight to and from Patan airport every Thursday. The last time the flight was conducted from the airport was on 24 March, 2022. </span></p> <p><span style="font-size:18px">Summit Air’s representative Krishna Datta Bhatta says that chances of resuming flight are still uncertain. Eighteen minutes’ flight from Patan to Dhangadhi costs Rs 5,000 per person. </span></p> <p><span style="font-size:18px">Local Chaman Bhandari shared that closure of the air service has made it difficult for the emergency patients to reach to the well-facilitated hospital and employees to get to their workplace. </span></p> <p><span style="font-size:18px">Patan airport is the second largest in Sudurpaschim Province. The airport was brought into operation in 2077 after a long hiatus of 26 years. Patan airport that came into operation in 2036 for the first time was closed till 2051.</span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-10', 'keywords' => '', 'description' => '', 'sortorder' => '16719', 'image' => '20230209050256_collage - 2023-02-09T165454.173.jpg', 'article_date' => '2023-02-09 16:58:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16979', 'article_category_id' => '1', 'title' => 'Government Determined to Promote Industrial Sector, Says Industry Minister Damodar Bhandari ', 'sub_title' => '', 'summary' => ' Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. ', 'content' => '<p><span style="font-size:18px">February 9: Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. </span></p> <p><span style="font-size:18px">Minister Bhandari reiterated that the government was seriously working for the promotion of the industrial sector by transforming challenges into opportunities. </span></p> <p><span style="font-size:18px"> During a programme organised by the Kailali Chamber of Commerce in Dhangadhi on Thursday, the Minister said the cooperation from the private sector would be sought to revive some of the sick industries. </span></p> <p><span style="font-size:18px">Bhandari argued that more areas of industrial potentialities would be explored with a focus on the Sudurapschim Province for industrial expansion and promotion. </span></p> <p><span style="font-size:18px">Stating that prompt service delivery was the priority of the government, the Minister assured that the incumbent government would wholeheartedly work for good governance and prosperity.</span></p> <p><span style="font-size:18px">Minister Bhandari informed that subordinate bodies under the Ministry had been already directed to explore potentials in the specific areas. “Darchula has the mining of copper and lead, Baitadi has iron mining and other districts may have many more potentialities and we have prioritized these probabilities,” he added.</span></p> <p><span style="font-size:18px">A dry port based in Dodhara Chandani of Kanchanpur would be brought into operation soon, according to the minister. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16718', 'image' => '20230209033910_collage - 2023-02-09T153503.084.jpg', 'article_date' => '2023-02-09 15:34:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '16978', 'article_category_id' => '1', 'title' => 'Will the Crisis Faced by Adani Group have any Impact in Nepal?', 'sub_title' => '', 'summary' => 'February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Forbes magazine ranked Adani as the third-richest person in the world. But a recent stock rout has caused his fortune to take a nosedive, as he faces allegations of stock manipulation and debt concerns by US-based short-seller Hindenburg Research.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to data from Forbes, Adani had a net worth of US$ 2.8 billion in 2014, just before Narendra Modi – who is from the same state of Gujrat where Adani comes from – was elected as India’s prime minister. That wealth had catapulted to US$ 126.4 billion until the Hindenburg Research report on January 24 sent his business, which involves ports, airports, gas distribution, green energy, data centres, agri logistics, edible oil, and power generation and transmission, among others, into crisis, reported Al Jazeera.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the Doha-based media network, the Hindenburg report alleged that Adani family members cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the United Arab Emirates and several Caribbean islands, generating forged import/export documentation in an apparent effort to spur fake or illegitimate turnover and siphon money from the listed companies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Adani Group has defended itself stating that the report was issued with a “mala fide intention” to damage its reputation, days before the group was set to hold a public secondary share sale to raise $2.5bn, the largest such sale in the country. The Adani Group has alleged that the report’s “principal objective” was to derail the share offer.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With investor confidence shaken, legislators have demanded an investigation into his businesses as his listed companies’ shares slipped. However, the latest reports have indicated that the shares of his companies have improved in the last three days.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Hindu, one of the leading newspapers of India, wrote that the fall in shares of Adani Group will have implications on businesses and economies of India as well as its neighbouring countries Nepal, Bangladesh and Sri Lanka.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper argues that Nepal’s hydropower sector will be particularly affected as Adani Group was planning to build infrastructures related to trans-border transmission lines that would connect Nepal, Bhutan, India, Bangladesh and possibly Sri Lanka in the future.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper revealed that Adani Group had shown special interest in hydropower projects in Karnali after the then Prime Minister of Nepal Sher Bahadur and Indian PM Modi issued a joint statement of cooperation in hydropower sector during Duba’s state visit to India last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The group had made verbal proposal during unofficial discussions to invest in various hydropower projects and transmission lines within Nepal and also for the cross-border transmission lines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">However, Adani Group has not signed any kind of investment agreement with Nepal in regard to the hydropower sector and therefore the fall in shares of the group will not have any implications on Nepal, argues Aashish Garg, vice president of the Independent Power Producers Association of Nepal (IPPAN).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">“It seems that the Adani Group has not invested a single penny in Nepal. It is normal for a big company to show interest in hydropower sector of Nepal,” said Garg, adding, “In the present context, the crisis faced by Adani Group will not have any impact in Nepal.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Investment Board Nepal also clarified that Adani Group had shown interest through various means to invest in Nepal but have not held any official discussion in this regard.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">IBN’s Spokesperson Amrit Lamsal confirmed that the group has not had any official agreement with Nepal for investment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Nepal Electricity Authority’s Spokesperson Suresh Bhattarai also said that the state-owned power utility has not signed any such agreement with Adani Group.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Bhattarrai further said that even if such a big business conglomerate wishes to invest in Nepal, there won’t be any problem for source of funding.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16717', 'image' => '20230209025321_1675909175.Clipboard12.jpg', 'article_date' => '2023-02-09 14:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16977', 'article_category_id' => '1', 'title' => 'Roses worth Rs 24.7 Million Imported in a Week', 'sub_title' => '', 'summary' => 'February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. According to the data of Nepal Floriculture Association, 260,000 stem roses worth Rs 24.7 million were imported from India for the Valentine's Day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is estimated that 280,000 stem roses (both imported and local) will be traded in Nepal throughout the period of Valentine’s Day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The association estimates that 168,000 stem rose alone will be consumed in the Kathmandu Valley while 112,000 stem roses will be consumed in the cities outside the valley. Last year, on the occasion of Valentine’s Day, 277,000 stem roses were traded in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Min Bahadur Tamang, president of the association, domestic production will meet 7 percent of the total market demand for roses this time. The rest of 93 percent of the demand will be fulfill by importing roses from India. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A few years ago, Nepal used to import 65 percent of the roses needed for Valentine's Day from India while the rest of 35 percent demand was met by roses produced in the domestic market of Nepal. Tamang said that the import in recent years has skyrocketed due to the Covid-19 pandemic as some florists left the business while others reduced their investment. The domestic production is expected to increase from next year as the pandemic has already subsided.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Last year, the price of rose was between Rs 80 to Rs 100 per stem. This year, the roses are being sold for Rs 80 to Rs 120. In Nepal, there is a demand for about 10,000 steam roses even on normal days except for festivals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Floriculture Association, the commercial farming of roses in Nepal is done in Kathmandu, Bhaktapur, Lalitpur, Chitwan and Kavre, while its cultivation has started expanding in other districts as well.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16716', 'image' => '20230209011533_20190214040655__RAB0977.jpg', 'article_date' => '2023-02-09 13:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.', 'content' => '<p><br /> <span style="font-size:18px">February 9: Flights to and from Patan airport in Baitadi have remained shut for the past ten months. Costly air fare and lack of passengers have halted the flight along the Dhangadhi-Baitadi-Dhangadhi air route for months.</span></p> <p><span style="font-size:18px">The airport was brought into operation by spending Rs 110 million for its blacktopping. Unfortunately, flight remained closed for months.</span></p> <p><span style="font-size:18px"> Summit Air was conducting a single flight to and from Patan airport every Thursday. The last time the flight was conducted from the airport was on 24 March, 2022. </span></p> <p><span style="font-size:18px">Summit Air’s representative Krishna Datta Bhatta says that chances of resuming flight are still uncertain. Eighteen minutes’ flight from Patan to Dhangadhi costs Rs 5,000 per person. </span></p> <p><span style="font-size:18px">Local Chaman Bhandari shared that closure of the air service has made it difficult for the emergency patients to reach to the well-facilitated hospital and employees to get to their workplace. </span></p> <p><span style="font-size:18px">Patan airport is the second largest in Sudurpaschim Province. The airport was brought into operation in 2077 after a long hiatus of 26 years. Patan airport that came into operation in 2036 for the first time was closed till 2051.</span></p> <p><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-10', 'keywords' => '', 'description' => '', 'sortorder' => '16719', 'image' => '20230209050256_collage - 2023-02-09T165454.173.jpg', 'article_date' => '2023-02-09 16:58:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '16979', 'article_category_id' => '1', 'title' => 'Government Determined to Promote Industrial Sector, Says Industry Minister Damodar Bhandari ', 'sub_title' => '', 'summary' => ' Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. ', 'content' => '<p><span style="font-size:18px">February 9: Minister for Industry, Commerce and Supplies, Damodar Bhandari, said the government was committed to the promotion of industrial sector in Nepal. </span></p> <p><span style="font-size:18px">Minister Bhandari reiterated that the government was seriously working for the promotion of the industrial sector by transforming challenges into opportunities. </span></p> <p><span style="font-size:18px"> During a programme organised by the Kailali Chamber of Commerce in Dhangadhi on Thursday, the Minister said the cooperation from the private sector would be sought to revive some of the sick industries. </span></p> <p><span style="font-size:18px">Bhandari argued that more areas of industrial potentialities would be explored with a focus on the Sudurapschim Province for industrial expansion and promotion. </span></p> <p><span style="font-size:18px">Stating that prompt service delivery was the priority of the government, the Minister assured that the incumbent government would wholeheartedly work for good governance and prosperity.</span></p> <p><span style="font-size:18px">Minister Bhandari informed that subordinate bodies under the Ministry had been already directed to explore potentials in the specific areas. “Darchula has the mining of copper and lead, Baitadi has iron mining and other districts may have many more potentialities and we have prioritized these probabilities,” he added.</span></p> <p><span style="font-size:18px">A dry port based in Dodhara Chandani of Kanchanpur would be brought into operation soon, according to the minister. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16718', 'image' => '20230209033910_collage - 2023-02-09T153503.084.jpg', 'article_date' => '2023-02-09 15:34:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '16978', 'article_category_id' => '1', 'title' => 'Will the Crisis Faced by Adani Group have any Impact in Nepal?', 'sub_title' => '', 'summary' => 'February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">February 9: Allegations of stock market manipulation and fraud have halved the net worth of Indian tycoon Gautam Adani, one of the wealthiest people in the world, and wiped out more than US$ 110 billion from his listed firms in India in less than two weeks.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Forbes magazine ranked Adani as the third-richest person in the world. But a recent stock rout has caused his fortune to take a nosedive, as he faces allegations of stock manipulation and debt concerns by US-based short-seller Hindenburg Research.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to data from Forbes, Adani had a net worth of US$ 2.8 billion in 2014, just before Narendra Modi – who is from the same state of Gujrat where Adani comes from – was elected as India’s prime minister. That wealth had catapulted to US$ 126.4 billion until the Hindenburg Research report on January 24 sent his business, which involves ports, airports, gas distribution, green energy, data centres, agri logistics, edible oil, and power generation and transmission, among others, into crisis, reported Al Jazeera.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the Doha-based media network, the Hindenburg report alleged that Adani family members cooperated to create offshore shell entities in tax-haven jurisdictions like Mauritius, the United Arab Emirates and several Caribbean islands, generating forged import/export documentation in an apparent effort to spur fake or illegitimate turnover and siphon money from the listed companies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Adani Group has defended itself stating that the report was issued with a “mala fide intention” to damage its reputation, days before the group was set to hold a public secondary share sale to raise $2.5bn, the largest such sale in the country. The Adani Group has alleged that the report’s “principal objective” was to derail the share offer.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">With investor confidence shaken, legislators have demanded an investigation into his businesses as his listed companies’ shares slipped. However, the latest reports have indicated that the shares of his companies have improved in the last three days.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Hindu, one of the leading newspapers of India, wrote that the fall in shares of Adani Group will have implications on businesses and economies of India as well as its neighbouring countries Nepal, Bangladesh and Sri Lanka.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper argues that Nepal’s hydropower sector will be particularly affected as Adani Group was planning to build infrastructures related to trans-border transmission lines that would connect Nepal, Bhutan, India, Bangladesh and possibly Sri Lanka in the future.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The newspaper revealed that Adani Group had shown special interest in hydropower projects in Karnali after the then Prime Minister of Nepal Sher Bahadur and Indian PM Modi issued a joint statement of cooperation in hydropower sector during Duba’s state visit to India last year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The group had made verbal proposal during unofficial discussions to invest in various hydropower projects and transmission lines within Nepal and also for the cross-border transmission lines.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">However, Adani Group has not signed any kind of investment agreement with Nepal in regard to the hydropower sector and therefore the fall in shares of the group will not have any implications on Nepal, argues Aashish Garg, vice president of the Independent Power Producers Association of Nepal (IPPAN).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">“It seems that the Adani Group has not invested a single penny in Nepal. It is normal for a big company to show interest in hydropower sector of Nepal,” said Garg, adding, “In the present context, the crisis faced by Adani Group will not have any impact in Nepal.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The Investment Board Nepal also clarified that Adani Group had shown interest through various means to invest in Nepal but have not held any official discussion in this regard.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">IBN’s Spokesperson Amrit Lamsal confirmed that the group has not had any official agreement with Nepal for investment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Nepal Electricity Authority’s Spokesperson Suresh Bhattarai also said that the state-owned power utility has not signed any such agreement with Adani Group.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">Bhattarrai further said that even if such a big business conglomerate wishes to invest in Nepal, there won’t be any problem for source of funding.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16717', 'image' => '20230209025321_1675909175.Clipboard12.jpg', 'article_date' => '2023-02-09 14:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16977', 'article_category_id' => '1', 'title' => 'Roses worth Rs 24.7 Million Imported in a Week', 'sub_title' => '', 'summary' => 'February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Roses worth almost Rs 25 million have been imported into the country within a week for the Valentine's Day. According to the data of Nepal Floriculture Association, 260,000 stem roses worth Rs 24.7 million were imported from India for the Valentine's Day.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is estimated that 280,000 stem roses (both imported and local) will be traded in Nepal throughout the period of Valentine’s Day. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The association estimates that 168,000 stem rose alone will be consumed in the Kathmandu Valley while 112,000 stem roses will be consumed in the cities outside the valley. Last year, on the occasion of Valentine’s Day, 277,000 stem roses were traded in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to Min Bahadur Tamang, president of the association, domestic production will meet 7 percent of the total market demand for roses this time. The rest of 93 percent of the demand will be fulfill by importing roses from India. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A few years ago, Nepal used to import 65 percent of the roses needed for Valentine's Day from India while the rest of 35 percent demand was met by roses produced in the domestic market of Nepal. Tamang said that the import in recent years has skyrocketed due to the Covid-19 pandemic as some florists left the business while others reduced their investment. The domestic production is expected to increase from next year as the pandemic has already subsided.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Last year, the price of rose was between Rs 80 to Rs 100 per stem. This year, the roses are being sold for Rs 80 to Rs 120. In Nepal, there is a demand for about 10,000 steam roses even on normal days except for festivals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Floriculture Association, the commercial farming of roses in Nepal is done in Kathmandu, Bhaktapur, Lalitpur, Chitwan and Kavre, while its cultivation has started expanding in other districts as well.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16716', 'image' => '20230209011533_20190214040655__RAB0977.jpg', 'article_date' => '2023-02-09 13:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16976', 'article_category_id' => '1', 'title' => 'Surya Nepal Pledges Rs 11 Million for Clean Mountain Campaign', 'sub_title' => '', 'summary' => 'February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">February 9: Surya Nepal Pvt Ltd, a leading multinational company based in Nepal, has pledged financial assistance of more than Rs 11 million to the ‘Clean Mountain Campaign 2023'. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">This campaign initiated by the Nepalese Army aims to protect biological diversity, nature and environment, especially in the mountainous areas of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Surya Nepal said it will collaborate with the Nepalese Army and the Center for Research and Sustainable Development Nepal, a non-governmental organization, in this campaign. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“To support this campaign, the company will contribute Rs 11 million as part of its social responsibility,” reads a statement issued by Surya Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In this regard, a tripartite agreement has been signed between the Nepalese Army, Surya Nepal and Center for Research and Sustainable Development Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Brigadier General Sundar Kumar Pandey, Lieutenant Colonel Kishor Adhikari, Anand Mishra of the Center for Research and Sustainable Development Nepal, Managing Director of Surya Nepal Ravi K Rayavaram, and Manager Prem Narayan Aryal were present during the signing ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Under the 'Clean Mountain Campaign 2023', the Nepalese Army has been collecting waste materials from the world's highest peak Mt. Everest and other mountains such as Annapurna and Lhotse with the objective of making those mountains clean.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16715', 'image' => '20230209120632_1675897547.Clipboard06.jpg', 'article_date' => '2023-02-09 12:05:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16975', 'article_category_id' => '1', 'title' => 'There is no Geopolitical Dimension in US Assistance to Nepal: USAID Administrator Power ', 'sub_title' => '', 'summary' => 'February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 9: United States Agency for International Development (USAID) Administrator Samantha Power has said that supporting Nepal is a priority of the United States (US). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a press conference organized in Kathmandu on Wednesday before wrapping up her two-day visit to Nepal, Power clarified that there was no geopolitical dimension in the US assistance to Nepal. She said that the US has been supporting Nepal since the establishment of diplomatic relations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Administrator Power said that Nepal has an opportunity to strengthen federalism following the successful general elections and advance the inclusion of women and marginalized communities, empower the youth and show that democracy can bring results for the benefit of its citizens. The US will continue to partner towards that end, added Power. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During her visit, Power announced on Tuesday that the USAID will provide assistance of up to US$ 58.5 million to Nepal's government, civil society and the private sector to advance Nepal's democratic progress. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16714', 'image' => '20230209105340_IMG-20230208-WA0000 - Copy.jpg', 'article_date' => '2023-02-09 10:52:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16974', 'article_category_id' => '1', 'title' => 'IBN Seeks Proposals for Feasibility Study of Khaptad Tourism Project ', 'sub_title' => '', 'summary' => 'February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.', 'content' => '<p><span style="font-size:18px">February 8: The government is preparing an integrated plan to develop tourism infrastructures in Khaptad, a scenic pasture land in far-western Nepal.<br /> The Investment Board Nepal (IBN) on Wednesday issued a 15-day notice seeking the proposals for conducting a feasibility study for an integrated tourism project and a long-term plan for the development of Khaptad.<br /> The notice states that the interested parties can submit the proposal online. Once the proposal is selected, the successful bidder will be given one year period for conducting the feasibility study and preparing a long-term plan. <br /> The Investment Board had showcased this project during the International Investment Summit organized by the government organized in March 2019. As per the project bank details prepared for the investment summit, the cost of integrated tourism and transport infrastructures construction was estimated to be around US$ 187 million. <br /> The board had developed a plan for the construction of a seven-km long cable car from Jhigrana Post of Doti district to the Khaptad National Park office. Similarly, other infrastructures planned for this project were the establishment of two-star hotels, golf course, yoga and meditation centres, horse riding arena, helipad, sky diving service among others. <br /> The project will be run in public-private partnership model, the board said. (With inputs from RSS) </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16713', 'image' => '20230209102203_Bucci_Flower.jpg', 'article_date' => '2023-02-09 10:20:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16973', 'article_category_id' => '1', 'title' => 'Construction of Superdordi Hydropower Over; To Generate Power Within Month', 'sub_title' => '', 'summary' => 'Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. ', 'content' => '<p><br /> <span style="font-size:18px">February 9: Construction of Superdordi ‘Kha’ Hydropower Project with installed capacity of 54 megawatt has been completed in Lamjung. Constructed by People’s Hydropower Company Limited at Dhodeni of Dordi Rural Municiplaity-6, Lamjung , test of the project’s dam and descender is underway at the moment. </span></p> <p><span style="font-size:18px">According to the hydropower’s site in-charge Ramesh Sigdel, the work to collect water in descender is going on after the completion of all types of construction work a few days ago.</span></p> <p><span style="font-size:18px">Testing of the hydropower project is underway by putting water in the intake and descender. Testing of the major tunnel and other structures will start from February 11. </span></p> <p><span style="font-size:18px">After around 22 days’ testing of the main tunnel, test production of the hydropower will follow. The project has 5.1-kilometre-long tunnel. The project has total of 10.350 kilometres of tunnel. </span></p> <p><span style="font-size:18px">Hydropower project stated that India’s blockade, flood in Dordikhola, COVID-19 and lockdown had delayed the construction work. The total cost of the project has reached 10.5 billion though preliminary cost estimation for the project was Rs 8.80 billion. </span></p> <p><span style="font-size:18px">The hydropower had started construction in 2016 after signing Power Purchase Agreement (PPA) with Nepal Electricity Authority (NEA) in 2015. The company had set the target to finish the project within four years. </span></p> <p><span style="font-size:18px">The deadline was repeatedly extended for failing to finish the construction of the hydropower project. <br /> Run-of-the-river type hydropower is expected to generate 315 million units of electricity annually. </span></p> <p><span style="font-size:18px">As per the PPA with Nepal Electricity Authority, the hydropower will sell per unit electricity at Rs 8.40 in dry season and at Rs 4.80 in the summer season. </span></p> ', 'published' => true, 'created' => '2023-02-09', 'modified' => '2023-02-09', 'keywords' => '', 'description' => '', 'sortorder' => '16712', 'image' => '20230209061104_collage (41).jpg', 'article_date' => '2023-02-09 06:01:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '16971', 'article_category_id' => '1', 'title' => 'Government Prepares to Dispatch Medical Team and Essentials to Quake-Hit Turkey ', 'sub_title' => '', 'summary' => 'February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The government has decided to send medical teams and essentials to Turkey in the aftermath of a devastating earthquake there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the National Council for Disaster Risk Reduction and Management held at the Office of the Prime Minister and Council of Ministers on Wednesday took a decision to this effect. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Prime Minister Pushpa Kamal Dahal termed Turkey as a good friend of Nepal and stressed the need of joining hands with it during the crisis. </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"">“Turkey is a good friend of Nepal. In the past, Turkey was with us during the need and emergency and it is our responsibility to stand by its side during these hours of grief,” he said, proposing the meeting to send medical teams and emergency goods and essential logistics as soon as possible. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Deputy Prime Minister and Finance Minister Bishnu Poudel, Chief Secretary Shanker Das Bairagi, Chief of Army Staff Parabhu Ram Sharma and office-bearers and members of the committee. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Turkey was struck by a 7.8 magnitude earthquake on Monday, causing massive loss of lives and property. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16710', 'image' => '20230208071705_XxjpbeE007026_20230208_PEPFN1A001.JPG', 'article_date' => '2023-02-08 19:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16970', 'article_category_id' => '1', 'title' => 'Good governance and prosperity government’s priority, says Deputy Prime Minister Shrestha ', 'sub_title' => '', 'summary' => 'Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. ', 'content' => '<p><br /> <span style="font-size:18px">February 8: Deputy Prime Minister and Minister for Physical Infrastructure and Transport, Narayankaji Shrestha, said that government had accorded priority to good governance and prosperity of the country. </span></p> <p><span style="font-size:18px">Addressing the 20th anniversary ceremony of the Commune at Gauridanda of Bardibas-3 in Mahottari district on Wednesday, Deputy Prime Minister mentioned that the government had adopted the infrastructure development as a major policy to achieve the goal of development and prosperity.</span></p> <p><span style="font-size:18px">Deputy Prime Minister Shrestha, who is also main patron of the Commune, recalled that the Commune was established 20 years ago with an intension of adopting 'Collective Practice for Social Transformation'. </span></p> <p><span style="font-size:18px">Shrestha further said that the organisation established with the vision of transforming oneself into a commune lifestyle and giving up personal wealth would be helpful in controlling the corruption and ensuring good governance in the society.</span></p> <p><span style="font-size:18px">A total of 16 families including family of former Minister Girirajmani Pokhrel are now residing in the commune. </span><br /> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16709', 'image' => '20230208064335_collage (40).jpg', 'article_date' => '2023-02-08 18:41:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '16969', 'article_category_id' => '1', 'title' => '15 Million People Face Catastrophic Risk from GLOF', 'sub_title' => '', 'summary' => 'February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: Up to 15 million people face risk of catastrophic flooding from glacial lakes which could burst their natural dams at any moment, a new study has found.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, the study led by Newcastle University is the first global attempt to map potential hotspots for such floods.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The impact of global warming has increased both the volume and number of glacial lakes worldwide, the report published in the journal Nature Communications states.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The study assessed the conditions of lakes and the number of people living downstream from them, which has also increased significantly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">'There are a large number of people globally exposed to the impacts of these floods," BBC quoted Rachel Carr, a glaciologist at Newcastle University and an author on the paper as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It could happen at any point - that's what makes them particularly dangerous, because it's hard to predict exactly when they will happen."</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The authors say those facing the greatest threat live in mountainous countries in Asia and South America.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">More than half of the globally exposed population are found in just four countries: India, Pakistan, Peru, and China, Nature Communications wrote on its website.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Populations in High Mountains Asia (HMA) are the most exposed and on average live closest to glacial lakes with ~1 million people living within 10 km of a glacial lake.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"It's how close people are to those lakes, and their capacity to respond to the disaster that's important," said Dr Carr.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lakes formed by melting glaciers have natural dams of loose rocks and ice that can fail suddenly and unpredictably.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Glacial lake outburst floods (GLOFs) can be highly destructive and can arrive with little prior warning, causing significant damage to property, infrastructure, and agricultural land, and resulting in extensive loss of life.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Authors of the study stressed the importance of early warning systems such as time-lapse cameras.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Stephan Harrison, a leading expert on the impact of climate change on glacial lakes at the University of Exeter, who was not involved in the research told BBC that the research was only a first step towards better understanding of the impact of climate change on what are known as glacial lake outburst floods (GLOFs).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">That relationship is complex and made harder to prove by what scientists suspect to be a long time lag between cause and effect, concluded the report.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16708', 'image' => '20230208043855_glacial-lake-Himalayas-Nepal-Ama-Dablam.jpg', 'article_date' => '2023-02-08 16:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16968', 'article_category_id' => '1', 'title' => 'China urged to Include Nepal in its Tourist Destination List ', 'sub_title' => '', 'summary' => 'February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The Pokhara chapter of Hotel Association of Nepal has urged the Embassy of China in Kathmandu to include Nepal in its tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a request letter to the Chinese Ambassador to Nepal, Chen Song, the association’s Chairman Laxman Subedi has stated that tourism entrepreneurs are ready and hopeful to welcome Chinese tourists in Nepal in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his letter, Subedi has stated that the Aasociation is saddened as Nepal was not included in the Chinese government’s tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After a gap of three years after the COVID-19 pandemic, the government of China has released the names of 20 countries as tourist destinations for its citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the letter written to the embassy, the association has asked the Chinese side to rethink its decision and include Nepal in the tourist destination list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Subedi said that Chinese ambassador has responded positively to the letter of the association. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16707', 'image' => '20230208030556_20220811101027_Flag-Pins-Nepal-China.jpg', 'article_date' => '2023-02-08 15:05:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16967', 'article_category_id' => '1', 'title' => 'Khetan Group to Part Ways with Carlsberg', 'sub_title' => '', 'summary' => 'February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">February 8: Khetan Group is preparing to end its partnership with Danish beer producer Carlsberg. If Carlsberg of Denmark accepts the proposal of Khetan Group to leave the partnership, then Khetan Group will receive around Rs 100 billion. However, Carlsberg is yet to accept Khetan Group's proposal. If Carlsberg agrees to Khetan Group's proposal, it will be Nepal's biggest ever purchase and sale deal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group proposed to sell the shares of Carlsberg and the holding company (Carlsberg South Asia Pvt. Ltd.) for USD 744 million (about Rs 98.20 billion according to the exchange rate on Wednesday) and exit. This holding company based in Singapore looks after 100 percent of Carlsberg's business in India and 90 percent in Nepal.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">One of the main investors of Carlsberg South Asia Pvt Ltd is CP Khetan, brother of industrialist Rajendra Khetan. As per the partnership deal, 66.7 percent share ownership is with Carlsberg Group and 33.3 percent with Khetan Group. According to Carlsberg, Khetan Group gave a formal notice to sell all the shares it has. Carlsberg mentioned in its report that Khetan Group will sell 33.3 percent of its shares to Denmark's Carlsberg Group for USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gorkha Brewery, owned by Carlsberg, Khetan Group and other Nepali businessmen produces Carlsberg, Tuborg, San Miguel and Gorkha beer. Carlsberg also informed that the share purchase process has proceeded according to Khetan Group's proposal. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">There was a serious dispute between Khetan Group and Carlsberg for some time. Carlsberg accused Khetan Group of violating the partnership agreement and good governance. A lawsuit was pending in Singapore between the two parties to settle the dispute. During the hearing of the case, the court had decided that Khetan Group can exit. Carlsberg was ordered to work on purchase option (call option) and Khetan Group to work on sale option (put option).</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the order, both parties appointed international evaluators separately. The average value of the valuations done by those appraisers was fixed at USD 744 million.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Khetan Group submitted a formal proposal on Monday to sell its shares at the same average price. Ten percent ownership of Gorkha Brewery is with other businessmen of Nepal while Rajendra Khetan has 9.95 percent share. The remaining 0.5 percent investment belongs to Dibya Mani Rajbhandari and Kamal Bikram Singh.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16706', 'image' => '20230208022133_1675824049.Clipboard10.jpg', 'article_date' => '2023-02-08 14:20:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16966', 'article_category_id' => '1', 'title' => 'Price of Gold Increases Slightly', 'sub_title' => '', 'summary' => 'February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 8: The price of gold has increased by Rs 200 per tola (11.66 grams) in the domestic market on Wednesday compared to the previous trading day. The Federation of Nepal Gold and Silver Dealers’ Association has fixed the price of fine gold at Rs 104,800 per tola for Wednesday. On Tuesday, the precious yellow metal was traded at 104,600 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the standard gold is being traded at Rs 104,300 per tola.. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the price of silver plummeted by Rs 5 per tola on Wednesday compared to Tuesday’s price and is being traded at Rs 1,315 per tola. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The federation sets the prices of gold and silver on a daily basis based on the prices in the international market. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16705', 'image' => '20230208125240_gold newwww.jpg', 'article_date' => '2023-02-08 12:51:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16965', 'article_category_id' => '1', 'title' => 'Share Market Rises due to Positive Indications of NRB Report', 'sub_title' => '', 'summary' => 'February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 8: The share market inclined sharply on Tuesday a day after Nepal Rastra Bank (NRB) released data showing overall improvement in macroeconomic indicators. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The secondary market surged by 3.65 percent (76.64 points) on Tuesday to close at 2,177 points. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The central bank had released the Current Macroeconomic and Financial Situation Report of the first six months of current fiscal year on Monday which showed improvements in major indicators such as Balance of Payments (BoP), foreign exchange reserves, remittance inflow among others.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report showed that the BoP remained at a surplus of Rs 97.10 as of mid-January, which will be sufficient to cover the merchandise and services imports for 9.1 months.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive indicators boosted the confidence of investors and the daily turnover increased to Rs 3.362 billion on Tuesday from Rs 1.474 billion day before. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for loans is still low because of the high interest rates but the increase in bank deposits has eased the liquidity crisis and has brought down the CD ratio.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Banks’ borrowing from the central bank has also declined with the improvement of liquidity situation. The bank rate has dropped to 4 percent. The central bank has also issued reverse repo worth Rs 5 billion after the liquidity crisis eased. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The interest on deposits has also dropped since mid-January. This indicates that the interest on loans will also drop in the future. All of these indicators have boosted the confidence of the investors.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On top of it, Finance Minister Bishnu Poudel is positive about removing the limit of Rs 210 million for margin lending. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All these factors have contributed to the sharp rise in in share marker, says Damaru Ballav Ghinire, a long-time investor.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Securities Board of Nepal (SEBON) chair Ramesh Hamal had made a commitment on Monday to work for the development and expansion of the secondary market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Investors Forum;s former president Chotelal Rauniyar says Tuesday’s surge in share market as normal. The Nepse index had I ncreased to as high as 3200 points some time ago. However, Rauniyar agrees that the share market investors have been buoyed by the recent report of NRB</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-02-08', 'modified' => '2023-02-08', 'keywords' => '', 'description' => '', 'sortorder' => '16704', 'image' => '20230208110844_20180911013817_be.jpg', 'article_date' => '2023-02-08 11:08:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
