September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation…
September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation…
September 14: The Hotel Association of Nepal is preparing to organize Nepal Hospitality Conclave for the first time in…
September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long…
September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on…
September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this…
September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World…
September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand.…
September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22.…
September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured…
The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in…
September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this…
September 13: Bank deposits and credit flow continued to improve in the second week of September as well.…
September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602…
September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights.…
September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his address to the second edition of the Green Climate Fund Programming Conference held in Incheon of South Korea on Tuesday, Finance Minister Sharma said Nepal has been gradually grappling with crisis due to climate change. The conference that kicked off on Tuesday will conclude on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in global warming, incidents of natural calamities have increased, glacial lakes have been bursting out and frequency of floods and landslides is also on the rise, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Despite negligible contribution to the global emission of Green House Gases, the least developed countries are bearing the brunt of negative impact of the climate change, the minister added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"As a member-nation of the United Nations Framework Convention on Climate Change (UNFCCC), Nepal has actively advanced its efforts and engagement in the global fight against climate change," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Sharma further noted that all countries should come up with concrete measures to reduce GHG emission so as to limit the rise of global temperature to an average of 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister also informed that Nepal, as an ambitious climate change stakeholder, has devised numerous plans to enhance the climate change resilient capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The National Climate Change Policy, 2019 has explicitly set the goal of building climate resilient society and thereby contributing to the social-economic prosperity of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In materializing the goal, the national policy has taken several sub-policies, strategies and measures in the key thematic areas of climate change, the finance minister said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further shared that Nepal has already signed the Paris Agreement and the UNFCCC. Nepal has set a target of becoming net zero emission country by 2045, he said, adding that the country has adopted a policy to spend at least 80 percent of the climate finance to respond to the negative impacts of climate change. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15740', 'image' => '20220914031045_grippa-index2.jpg', 'article_date' => '2022-09-14 15:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15998', 'article_category_id' => '1', 'title' => 'HAN Organising Hospitality Conclave for the First Time in Nepal', 'sub_title' => '', 'summary' => 'September 14: The Hotel Association of Nepal is preparing to organize Nepal Hospitality Conclave for the first time in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 14: The Hotel Association of Nepal (HAN) is all set to organize the Nepal Hospitality Conclave for the first time in Nepal in collaboration with BeanstalkAsia Nepal and WaterComm. According to HAN, the first edition of the conclave is to be held on September 25 at the Soaltee Hotel Kathmandu for which the registrations are now open. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">HAN President Shreejana Rana said in a statement that Nepal's first hospitality conclave will help find solutions to the current problems faced by the hotel sector and the ones that might arise in the future.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Attention will be given to innovative ways of marketing to keep afloat the business that is recovering in the aftermath of the Covid-19 pandemic,” the statement quoted Rana as saying. It is believed that the conclave will play a central role in maintaining the standard of Nepal’s hospitality industry and overall tourism development through a day of discussion with national and international industry experts. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Senior Vice President of HAN, Binayak Shah, said that the number of tourists seen in the world market after the outbreak of coronavirus is limited, but since the market is open to all, it is a challenge to bring tourists to Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"There is an intense competition in the world market to attract tourists, pre-bookings have become common now," Shah said, adding, "We want to bring more tourists to Nepal. For this, we are going to hold a conference to decide the strategy to be adopted and to see the practices of other countries. The competition has increased, so a new strategy is necessary.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Shah, the tourism sector is going towards normalcy and it seems that the budget allocated by the government and monetary policy as well as the programmes announced so far will not be sufficient to revitalize the tourism industry.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">There will be 7 sessions on different topics at the conclave. These sessions will come up with suggestions on policy and long-term policies to be adopted for the operation of the hotels and they will be presented to the relevant agencies of the government for implementation, the statement released by HAN says.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Subodh Thapa, the co-founder of the conclave, the goal of the conclave is to help the Nepali Hospitality Industry thrive by uniting all the representatives from its cross section for a day of discussion about the industry trends with the industry experts. NHC also provides a pavilion to exhibit relevant products and services, and a platform to network amongst each other. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the Nepal Hospitality Conclave is the Sagtani Exim. The registration for the conclave is now open and the tickets can be purchased through the official website of the conclave (http://www.nepalhospitalityconclave.biz/) along with additional information regarding the event. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15739', 'image' => '20220915032106_1663140877.jpg', 'article_date' => '2022-09-14 15:08:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15997', 'article_category_id' => '1', 'title' => 'Government to Release Rupees One Billion to Settle Covid-19 Insurance Claims', 'sub_title' => '', 'summary' => 'September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time. A meeting of the Council of Ministers held last week took a decision to this effect.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Insurance companies are yet to settle insurance claims of more than Rs 11 billion related to coronavirus due to the delay on part of the government to release the funds. The government, the Insurance Board and the insurance companies are all responsible for settling the claims related to coronavirus.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that all non-life insurance companies had denied the settlement of coronavirus insurance claims in July 2020 after the government delayed the release of the allocated budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All 20 non-life insurance companies formally stopped the payment of coronavirus insurance since July 29, 2020 at the call of the Nepal Insurers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The companies had delayed the settlement of claims related to coronavirus insurance citing the delay on part of the government in releasing the budget. The companies argued that they were facing difficulties in settling the claims from their funds after the government failed to release the promised money.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Later in December the same year, the insurance companies started expediting the process of claims settlement following assurance from the Ministry of Finance.</span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15738', 'image' => '20220914023807_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2022-09-14 14:37:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15996', 'article_category_id' => '1', 'title' => 'Li Discusses Bilateral Trade with Nepal during his Official Visit', 'sub_title' => '', 'summary' => 'September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.</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"">Li, who arrived in Nepal for a four-day official visit on Monday at the invitation of Speaker Agni Prasad Sapkota, had earlier held meetings with National Assembly Chairperson Ganesh Prasad Timilsina, CPN (Maoist Centre) Chair Puhspa Kamal Dahal and Foreign Minister Dr Narayan Khadka. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During his meeting with PM Deuba, the two sides discussed about bilateral trade, investment, connectivity, passenger flights, and opening border ports among other issues.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation led by Li praised Nepal’s One-China Policy and the stance taken by the Government of Nepal not to allow any elements to use its territory to plot against China.</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"">On the occasion, Prime Minister Deuba thanked China for its continued support for the development of Nepal.</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"">Meanwhile, Li assured that the border dry ports will be opened as soon as the Covid-19 pandemic is brought under control in Tibet autonomous region of China.</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"">Li also assured that the Chinese government will facilitate in transporting goods for the upcoming festivals. </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"">Nepal-bound container goods ordered by Nepali importers are currently stuck across the northern border after China closed the Tatopani and Rasuwagadhi customs citing Covid-19 outbreak in Tibet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation also pledged to implement the projects in Nepal with Chinese assistance. China also promised to support Nepal graduate from LDC to developing nation.</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"">Li will wrap up his four-day visit and return back to China on Thursday.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15737', 'image' => '20220914014307_RS-KTM-PMDeubaaa.jpg', 'article_date' => '2022-09-14 13:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15995', 'article_category_id' => '1', 'title' => 'FDI in Nepal Climbs to Rs 228 Billion ', 'sub_title' => '', 'summary' => 'September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a survey on foreign direct investment (FDI) conducted by the Nepal Rastra Bank, the FDI stocks in Nepal climbed to Rs 227.9 billion at the end of the fiscal year (FY 2020/21) with an increase of 14.8 percent compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey report released by the central bank on Tuesday, the share of paid-up capital in Nepal’s FDI stocks is 53.9 percent whereas the reserves account for 31.6 percent, and the share of loans is 14.5 percent. The overall foreign direct investment has increased as the share of paid-up capital increased by 13.7 percent, says the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB reports shows that foreigners have invested mostly in banks and financial institutions, insurance companies, projects hotels and restaurants.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey, the industrial sector accounts for about 60.5 percent of the total FDI stocks of which hydropower sector constitutes 30.8 percent and manufacturing sector 29.5 percent of total FDI stocks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 39.4 percent of total FDI stocks are in the service sector of which financial and insurance sector constitutes 26.9 percent, accommodation and food services sector 5.7 percent, and information and communication sector 4.8 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The survey covered 197 firms out of 604 companies that have taken FDI approval from Nepal Rastra Bank as of the end of FY 2020/21. The Research Department of NRB informed that the details on FDI stocks were obtained from the financial statements of the surveyed companies as well as from standard questionnaire. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In terms of total FDI stocks, neighbouring India ranks top with Rs 75.8 billion followed by China (Rs 33.0 billion), Ireland (Rs 16.5 billion), Singapore (Rs 15.5 billion) and Saint Kitts and Nevis (Rs14.5 billion).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, the capacity utilization of FDI-based manufacturing companies stands at 64.9 percent, while the profitability of FDI companies remains at 14.7 percent in the review year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15736', 'image' => '20220914122931_Foreign investment.jpg', 'article_date' => '2022-09-14 12:28:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15994', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of Rs 35 Billion from World Bank ', 'sub_title' => '', 'summary' => 'September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank. According to Government Spokesperson Gyanendra Bahadur Karki, the loan would be spent on programmes to promote transportation and trade connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karki, who is also the Minister for Communication and Information Technology, confirmed this during a press conference organized on Tuesday to share the decisions taken by the Council of Ministers a day ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said the cabinet meeting also decided to form a talks team for receiving a grant of USD 12 million from the Asian Development Bank (ADB) for strengthening the system to protect and uplift women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting has also decided to approve a team of Finance Minister Janardan Sharma to participate in the joint meeting of the World Bank Group and the International Monetary Fund in Washington DC of the United States of America. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15735', 'image' => '20220914112204_World.jpg', 'article_date' => '2022-09-14 11:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15993', 'article_category_id' => '1', 'title' => 'Taskforce Submits Report on Loan Sharking ', 'sub_title' => '', 'summary' => 'September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. Coordinator of the taskforce Dr Bhishma Kumar Bhusal submitted the report to Minister Khand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As stated in the report, a total of 2,289 complaints were received relating to loan sharking and of them 59 cases were settled while seven cases have been filed in the concerned courts. Likewise, police have been probing into seven other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report stated that the victims have filed more than four complaints against 33 loan sharks accusing them of charging exorbitant interest rates to the poor people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report has included issues such as the compulsion of the poor people to seek loan with loan sharks, reasons behind lack of access to banks and financial institutions among the poor farmers, processes to receive loans from such informal channels, viscous cycle of exorbitant interest, international practices on the actions against loan sharks and other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recommendations made in the report, the local administration would continue the investigation against the complaints related to this crime. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The recommendations of the taskforce vary from political commitment to government's policy and programme, raising awareness and legal reforms, financial literacy and fiscal access and others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government had formed the taskforce a month ago seeking recommendation to curb loan sharking. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15734', 'image' => '20220914105247_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2022-09-14 10:52:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15990', 'article_category_id' => '1', 'title' => 'NADA EV Expo from September 22', 'sub_title' => '', 'summary' => 'September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. NADA informed during a press conference organized on Monday that “NADA EV Expo 2022” will be organized from September 22 to September 25 at Bhrikutimandap exhibition hall in Kathmandu.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA said that the fair with focus on electric vehicles is being organized for the first time in Nepal. The fair will feature stalls for the purchase of electric vehicles, their parts and financial services.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal Electricity Authority is a supporting organization of the fair where USAID Clean Air is the knowledge partner. USAID Clean Air will conduct a three-day informative conference called “EV Chautari” as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">CEAT Tyre is the prime sponsor of the fair whereas Shikhar Insurance Company is the co-sponsor. Anup Baral, chairman of the NADA EV Expo Committee informed that Khalti app is associated as the digital payment partner with the fair. The manager of the fair is Global Exposition and Management Services. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhruba Bahadur Thapa, president of NADA, informed that public’s interest in electric vehicles is increasing in Nepal and at least 10 percent of the vehicles available in the market are electric.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the information of NADA, there will be 51 stalls and blocks in the fair. Similarly, there will be stalls of seven brands of four-wheelers, one brand of three-wheelers, 16 brands of two-wheelers, three brands of tires, two brands of batteries, and 9 brands of spare parts. Also, garage equipment company, auto magazine and four financial institutions will have stalls.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA says that tickets can be purchased online through the Khalti app. Tickets purchased from Monday till September 22 will get discounts. There is an offer of 25% cash back when buying tickets from the Khalti app. The ticket price is fixed at Rs150 for students and Rs 200 for the general public.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15732', 'image' => '20220913042706_1663024593.Clipboard03.jpg', 'article_date' => '2022-09-13 16:26:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15992', 'article_category_id' => '1', 'title' => 'Fire at E-Scooter Showroom in India Kills Eight ', 'sub_title' => '', 'summary' => 'September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11, Reuters reported citing the police. According to the news agency, it was the deadliest such incident involving electric vehicles in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“A spate of electric scooter fires this year has alarmed the government, which is keen to promote use of such two-wheelers in its fight against pollution,” Reuters further stated. Early investigations have identified faulty battery cells and battery modules among the main causes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The latest fire broke out late on Monday in a hotel basement housing the showroom with some two dozen electric scooters in the southern city of Secunderabad, Reuters said. Citing the local police, Reuters said that the fire has been brought under control and an investigation has been launched.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Most of the dead were occupants of the hotel, which was engulfed by smoke.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't know if the fire started because of overcharging and then spread or whether it started elsewhere. That is still being established," Reuters quoted police official Chandana Deepti as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The identity of the dealer and the maker of scooters being sold was not immediately clear.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news report, police and firefighters used cranes and other equipment to pluck stranded hotel guests from upper floors of the four-storey building as smoke billowed out of its windows.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Those staying on the first and second floors were overpowered by smoke and the maximum casualties are from those floors," CV Anand, the police chief of the neighbouring city of Hyderabad, told ANI.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Reuters, India launched an investigation over safety concerns in March after a string of e-scooter fires, including one in which a man and his daughter died when their e-bike "went up in flames".</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% now.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15731', 'image' => '20220913044634_20220330070939_EV fire.jpg', 'article_date' => '2022-09-13 16:45:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15989', 'article_category_id' => '1', 'title' => 'Capital Requirement Fixed for New Stock Exchange won't be Applicable for NEPSE', 'sub_title' => '', 'summary' => 'The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 13: The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Securities Board of Nepal made such arrangement by announcing the second amendment to the Securities Market Operation Regulations, 2079 on Monday. There is also a provision in the revised regulations for the new stock exchange to issue at least 30 per cent of its issued capital shares to the general public within two years of conducting business.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is also mentioned in the regulations that this arrangement to issue IPO to the general public does not apply to the currently operating stock exchange. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Arrangements have been made so that only private companies or institutions established according to the law can acquire shares of the new stock exchange company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Provision has been made for the new stock exchange company to take necessary cooperation and technical assistance from internationally renowned securities market regarding the transaction system and other related technologies. Provisions have also been made in the regulations that business system servers and data hosting cannot be kept abroad without the consent of the Government of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The state-owned Nepal Stock Exchange is the only stock exchange company currently operation in Nepal. Neighbouring India has two stock exchange companies.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15730', 'image' => '20220913042622_1663042405.1662772852.nepse.jpg', 'article_date' => '2022-09-13 16:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15988', 'article_category_id' => '1', 'title' => 'Securities Board to Issue License for New Stock Exchange Company and Brokers within this Week', 'sub_title' => '', 'summary' => 'September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week. Chairman of the board Ramesh Kumar Hamal informed that the board will seek applications for the new company and broker license within this week.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Hamal, the minimum paid-up capital required for the new stock exchange company is Rs 3 billion. Likewise, the capital requirement for new broker license has been fixed between Rs 200 million to Rs 1.5 billion. Brokers will be issued three different types of licenses based on their capital. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the first kind of brokers providing limited services of stock market transaction require a minimum capital of Rs 200 million to acquire license. Likewise, the brokers providing services like share transaction, depository participant, investment consultancy, investment management and margin business need to have a minimum paid up capital of Rs 600 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the third type of license will be issued for stock dealers who must maintain a minimum capital of Rs 1.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairman Hamal informed that the board’s proposal to open broker license every year has been amended. According to Hamal, the board will now issue broker license once in every three years. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Whoever meets the criteria set by the board can acquire license,” said Hamal. “This will create an opportunity for everyone involved in the stock market,” he added.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15729', 'image' => '20220913040730_Sebonnn.jpg', 'article_date' => '2022-09-13 16:06:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15987', 'article_category_id' => '1', 'title' => 'Bank Deposits and Credit Flow Increasing', 'sub_title' => '', 'summary' => 'September 13: Bank deposits and credit flow continued to improve in the second week of September as well. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: Bank deposits and credit flow continued to improve in the second week of September as well. It has been found that the new schemes of banks to attract deposits and the upcoming festivals have had a positive impact on bank deposits and loan disbursement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, in the second week of September, bank deposits increased by Rs 8 billion, while credit flow also increased by Rs 7 billion. The total deposits of commercial banks which stood at Rs 4437 billion on September 2 climbed to Rs 4444 biillion on September 9. Although the bank deposits had decreased in the third week of August, it has been continuously rising since then. From mid-August to mid-September, deposits of Rs 12 billion have been added in the banking system.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The upcoming festive season and new deposit schemes introduced by banks have been considered as the main reasons for the increase in bank deposits. Lately, banks have announced term deposit schemes for a period of 21 years, giving up to 10 times returns of the initial deposit. Similarly, bankers claim that remittance inflow has increased as Dashain, the biggest festival of Nepal, is fast approaching. This has had a positive impact in the domestic market and the financial activities have also increased. Along with the increase in deposits, banks have also started to increase loan disbursement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the association, the total loan disbursement of banks was Rs 4181 billion on September 2, which reached Rs 4188 biillion by September 9. From mid-August to mid-September, credit flow of banks has increased by Rs 12 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in loans/deposits of banks, the credit-deposit ratio (CD ratio) has also improved. According to the association, the average CD ratio of commercial banks remained at 88.36 percent on September 9. Earlier, the CD ratio was 88.25 percent on September 2 and 88.42 percent on August 26. According to the instructions of Nepal Rastra Bank, banks should maintain CD ratio within 90 percent. Banks that are unable to maintain this ratio will be fined for the excess amount.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15728', 'image' => '20220913031923_Banks - Copy.jpg', 'article_date' => '2022-09-13 15:18:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15986', 'article_category_id' => '1', 'title' => 'Nepal Improves in HDI Ranking despite Fall in HDI Value: UNDP Report ', 'sub_title' => '', 'summary' => 'September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points due to continued turbulence caused by the COVID-19 pandemic, the United Nations Development Programme (UNDP) said in a report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From the lens of gender, Nepal stands at 113th position in global Gender Inequality Index. As per the report, Sri Lanka tops the list of South Asian countries in HDI ranking with its position of 73 in the world followed by Maldives (90), Bhutan (127), Bangladesh (129), India (132), Nepal (143) Pakistan (161) and Afghanistan (180).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Released after a two-year gap on September 12, the 2022 report puts the country in the medium human development category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HDI is a measure for assessing long- term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the UNDP, Nepal made a significant achievement in HDI value between 1990 and 2021, which improved from 0.399 to 0.602, that means an improvement of 50.9 percent in the last three decades. Between 1990 and 2021, Nepal's life expectancy at birth has improved by 13.6 years, mean years of schooling improved by 2.8 years and expected years of schooling improved by 5.4 years. Nepal's GNI per capita improved by about 146.0 percent between 1990 and 2021, the UNDP report said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report however shows Nepal continues to incur substantive loss in human development due to persisting inequalities including gender, caste, geographic regions and other categories. As the inequality in a country increases, the loss in human development also increases. The 2021 female HDI value for Nepal is 0.584 in contrast to 0.621 for males, resulting in a GDI value of 0.942, placing it into Group 3 which comprises countries with medium equality in HDI achievements between women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Records show Nepal’s performance during 2019 and 2020 was comparatively low in the areas including maternal mortality, shares of parliamentary seats held by women, and women’s participation in the labour force. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Gender Inequality Index measures gender inequalities (the loss in human development due to inequality between female and male achievements) in three key dimensions – reproductive health, empowerment, and labour market. Reproductive health is measured by maternal mortality ratio and adolescent birth rates; empowerment is measured by the shares of parliamentary seats held and population with at least some secondary education by each gender; and labour market participation is measured by the labour force participation rates for women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> “The new Human Development Report indicates Nepal has largely maintained stable position over the past two years despite numerous shocks, including COVID-19 pandemic and natural disasters. This is because of the long-term investments over the years. Going forward, we need everyone’s wisdom, experience and more importantly the positive attitude to cope with crisis and making more choices available to the people,” said Ayshanie Medagangoda-Labe, UNDP’s Resident Representative in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15727', 'image' => '20220913022112_HDI.jpg', 'article_date' => '2022-09-13 14:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15985', 'article_category_id' => '1', 'title' => 'Flight Schedule Affected due to Unavailability of Aviation Fuel outside Kathmandu', 'sub_title' => '', 'summary' => 'September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. They said that the problems have surfaced as aviation fuel is not easily available in most of the airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Airline Operators Association of Nepal (AOAN) has drawn the attention of the government to this problem. The association has also requested the government to facilitate in supplying ATF to the airports in remote areas. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the AOAN said it has urged the Civil Aviation Authority of Nepal (CAAN) to avail aviation fuel in airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The association said that a situation has arisen where they can no longer operate commercial flights due to unavailability of fuel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement issued by AOAN says that they are facing scarcity of fuel when the festive season is just around the corner. The association further said that the passengers have been affected due to the unavailability of flights just ahead of the festivals when the airline companies were planning to provide reliable and safe flights during the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In such a situation, the CAAN has been urged to avail aviation turbine fuel in airports outside Kathmandu as soon as possible,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dhangadhi-based depot of Nepal Oil Corporation had recently warned that there might be problems in supply of aviation fuel due to the protest launched by transport companies on September 2. The Dhangadhi depot has urged the NOC to avail fuel to the airline companies from Sinamangal-based depot until the situation normalizes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for fuel is high during the festive season. The transport companies have started their protest demanding a hike in transportation fare taking advantage of this situation.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15726', 'image' => '20220913010255_Airport.width-1024.jpg', 'article_date' => '2022-09-13 13:02:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15984', 'article_category_id' => '1', 'title' => 'Government to Provide Relief Materials to Pakistan ', 'sub_title' => '', 'summary' => 'September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. </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"">Issuing a press statement on Monday, Spokesperson at Ministry of Home Affairs, Phanindra Mani Pokhrel, confirmed that the government has decided to providing relief materials to Pakistan in view of the huge loss of lives and properties due to the recent floods and inundation in the neighbouring country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The relief materials are being provided as per the decision of the Council of Ministers on September 6. Nepal has also expressed condolence to the bereaved family members who lost their loves ones in the disaster, and wished for speedy recovery of the injured. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15725', 'image' => '20220913120558_Flag-Pins-Nepal-Pakistan.jpg', 'article_date' => '2022-09-13 12:05:25', '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' => '15999', 'article_category_id' => '1', 'title' => 'Nepal Facing Climate-Induced Risks due to Climate-Dependent Economy', 'sub_title' => '', 'summary' => 'September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation capacity. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his address to the second edition of the Green Climate Fund Programming Conference held in Incheon of South Korea on Tuesday, Finance Minister Sharma said Nepal has been gradually grappling with crisis due to climate change. The conference that kicked off on Tuesday will conclude on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in global warming, incidents of natural calamities have increased, glacial lakes have been bursting out and frequency of floods and landslides is also on the rise, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Despite negligible contribution to the global emission of Green House Gases, the least developed countries are bearing the brunt of negative impact of the climate change, the minister added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"As a member-nation of the United Nations Framework Convention on Climate Change (UNFCCC), Nepal has actively advanced its efforts and engagement in the global fight against climate change," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Sharma further noted that all countries should come up with concrete measures to reduce GHG emission so as to limit the rise of global temperature to an average of 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister also informed that Nepal, as an ambitious climate change stakeholder, has devised numerous plans to enhance the climate change resilient capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The National Climate Change Policy, 2019 has explicitly set the goal of building climate resilient society and thereby contributing to the social-economic prosperity of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In materializing the goal, the national policy has taken several sub-policies, strategies and measures in the key thematic areas of climate change, the finance minister said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further shared that Nepal has already signed the Paris Agreement and the UNFCCC. Nepal has set a target of becoming net zero emission country by 2045, he said, adding that the country has adopted a policy to spend at least 80 percent of the climate finance to respond to the negative impacts of climate change. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15740', 'image' => '20220914031045_grippa-index2.jpg', 'article_date' => '2022-09-14 15:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15998', 'article_category_id' => '1', 'title' => 'HAN Organising Hospitality Conclave for the First Time in Nepal', 'sub_title' => '', 'summary' => 'September 14: The Hotel Association of Nepal is preparing to organize Nepal Hospitality Conclave for the first time in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 14: The Hotel Association of Nepal (HAN) is all set to organize the Nepal Hospitality Conclave for the first time in Nepal in collaboration with BeanstalkAsia Nepal and WaterComm. According to HAN, the first edition of the conclave is to be held on September 25 at the Soaltee Hotel Kathmandu for which the registrations are now open. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">HAN President Shreejana Rana said in a statement that Nepal's first hospitality conclave will help find solutions to the current problems faced by the hotel sector and the ones that might arise in the future.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Attention will be given to innovative ways of marketing to keep afloat the business that is recovering in the aftermath of the Covid-19 pandemic,” the statement quoted Rana as saying. It is believed that the conclave will play a central role in maintaining the standard of Nepal’s hospitality industry and overall tourism development through a day of discussion with national and international industry experts. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Senior Vice President of HAN, Binayak Shah, said that the number of tourists seen in the world market after the outbreak of coronavirus is limited, but since the market is open to all, it is a challenge to bring tourists to Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"There is an intense competition in the world market to attract tourists, pre-bookings have become common now," Shah said, adding, "We want to bring more tourists to Nepal. For this, we are going to hold a conference to decide the strategy to be adopted and to see the practices of other countries. The competition has increased, so a new strategy is necessary.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Shah, the tourism sector is going towards normalcy and it seems that the budget allocated by the government and monetary policy as well as the programmes announced so far will not be sufficient to revitalize the tourism industry.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">There will be 7 sessions on different topics at the conclave. These sessions will come up with suggestions on policy and long-term policies to be adopted for the operation of the hotels and they will be presented to the relevant agencies of the government for implementation, the statement released by HAN says.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Subodh Thapa, the co-founder of the conclave, the goal of the conclave is to help the Nepali Hospitality Industry thrive by uniting all the representatives from its cross section for a day of discussion about the industry trends with the industry experts. NHC also provides a pavilion to exhibit relevant products and services, and a platform to network amongst each other. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the Nepal Hospitality Conclave is the Sagtani Exim. The registration for the conclave is now open and the tickets can be purchased through the official website of the conclave (http://www.nepalhospitalityconclave.biz/) along with additional information regarding the event. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15739', 'image' => '20220915032106_1663140877.jpg', 'article_date' => '2022-09-14 15:08:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15997', 'article_category_id' => '1', 'title' => 'Government to Release Rupees One Billion to Settle Covid-19 Insurance Claims', 'sub_title' => '', 'summary' => 'September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time. A meeting of the Council of Ministers held last week took a decision to this effect.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Insurance companies are yet to settle insurance claims of more than Rs 11 billion related to coronavirus due to the delay on part of the government to release the funds. The government, the Insurance Board and the insurance companies are all responsible for settling the claims related to coronavirus.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that all non-life insurance companies had denied the settlement of coronavirus insurance claims in July 2020 after the government delayed the release of the allocated budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All 20 non-life insurance companies formally stopped the payment of coronavirus insurance since July 29, 2020 at the call of the Nepal Insurers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The companies had delayed the settlement of claims related to coronavirus insurance citing the delay on part of the government in releasing the budget. The companies argued that they were facing difficulties in settling the claims from their funds after the government failed to release the promised money.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Later in December the same year, the insurance companies started expediting the process of claims settlement following assurance from the Ministry of Finance.</span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15738', 'image' => '20220914023807_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2022-09-14 14:37:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15996', 'article_category_id' => '1', 'title' => 'Li Discusses Bilateral Trade with Nepal during his Official Visit', 'sub_title' => '', 'summary' => 'September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.</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"">Li, who arrived in Nepal for a four-day official visit on Monday at the invitation of Speaker Agni Prasad Sapkota, had earlier held meetings with National Assembly Chairperson Ganesh Prasad Timilsina, CPN (Maoist Centre) Chair Puhspa Kamal Dahal and Foreign Minister Dr Narayan Khadka. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During his meeting with PM Deuba, the two sides discussed about bilateral trade, investment, connectivity, passenger flights, and opening border ports among other issues.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation led by Li praised Nepal’s One-China Policy and the stance taken by the Government of Nepal not to allow any elements to use its territory to plot against China.</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"">On the occasion, Prime Minister Deuba thanked China for its continued support for the development of Nepal.</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"">Meanwhile, Li assured that the border dry ports will be opened as soon as the Covid-19 pandemic is brought under control in Tibet autonomous region of China.</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"">Li also assured that the Chinese government will facilitate in transporting goods for the upcoming festivals. </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"">Nepal-bound container goods ordered by Nepali importers are currently stuck across the northern border after China closed the Tatopani and Rasuwagadhi customs citing Covid-19 outbreak in Tibet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation also pledged to implement the projects in Nepal with Chinese assistance. China also promised to support Nepal graduate from LDC to developing nation.</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"">Li will wrap up his four-day visit and return back to China on Thursday.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15737', 'image' => '20220914014307_RS-KTM-PMDeubaaa.jpg', 'article_date' => '2022-09-14 13:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15995', 'article_category_id' => '1', 'title' => 'FDI in Nepal Climbs to Rs 228 Billion ', 'sub_title' => '', 'summary' => 'September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a survey on foreign direct investment (FDI) conducted by the Nepal Rastra Bank, the FDI stocks in Nepal climbed to Rs 227.9 billion at the end of the fiscal year (FY 2020/21) with an increase of 14.8 percent compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey report released by the central bank on Tuesday, the share of paid-up capital in Nepal’s FDI stocks is 53.9 percent whereas the reserves account for 31.6 percent, and the share of loans is 14.5 percent. The overall foreign direct investment has increased as the share of paid-up capital increased by 13.7 percent, says the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB reports shows that foreigners have invested mostly in banks and financial institutions, insurance companies, projects hotels and restaurants.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey, the industrial sector accounts for about 60.5 percent of the total FDI stocks of which hydropower sector constitutes 30.8 percent and manufacturing sector 29.5 percent of total FDI stocks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 39.4 percent of total FDI stocks are in the service sector of which financial and insurance sector constitutes 26.9 percent, accommodation and food services sector 5.7 percent, and information and communication sector 4.8 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The survey covered 197 firms out of 604 companies that have taken FDI approval from Nepal Rastra Bank as of the end of FY 2020/21. The Research Department of NRB informed that the details on FDI stocks were obtained from the financial statements of the surveyed companies as well as from standard questionnaire. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In terms of total FDI stocks, neighbouring India ranks top with Rs 75.8 billion followed by China (Rs 33.0 billion), Ireland (Rs 16.5 billion), Singapore (Rs 15.5 billion) and Saint Kitts and Nevis (Rs14.5 billion).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, the capacity utilization of FDI-based manufacturing companies stands at 64.9 percent, while the profitability of FDI companies remains at 14.7 percent in the review year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15736', 'image' => '20220914122931_Foreign investment.jpg', 'article_date' => '2022-09-14 12:28:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15994', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of Rs 35 Billion from World Bank ', 'sub_title' => '', 'summary' => 'September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank. According to Government Spokesperson Gyanendra Bahadur Karki, the loan would be spent on programmes to promote transportation and trade connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karki, who is also the Minister for Communication and Information Technology, confirmed this during a press conference organized on Tuesday to share the decisions taken by the Council of Ministers a day ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said the cabinet meeting also decided to form a talks team for receiving a grant of USD 12 million from the Asian Development Bank (ADB) for strengthening the system to protect and uplift women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting has also decided to approve a team of Finance Minister Janardan Sharma to participate in the joint meeting of the World Bank Group and the International Monetary Fund in Washington DC of the United States of America. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15735', 'image' => '20220914112204_World.jpg', 'article_date' => '2022-09-14 11:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15993', 'article_category_id' => '1', 'title' => 'Taskforce Submits Report on Loan Sharking ', 'sub_title' => '', 'summary' => 'September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. Coordinator of the taskforce Dr Bhishma Kumar Bhusal submitted the report to Minister Khand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As stated in the report, a total of 2,289 complaints were received relating to loan sharking and of them 59 cases were settled while seven cases have been filed in the concerned courts. Likewise, police have been probing into seven other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report stated that the victims have filed more than four complaints against 33 loan sharks accusing them of charging exorbitant interest rates to the poor people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report has included issues such as the compulsion of the poor people to seek loan with loan sharks, reasons behind lack of access to banks and financial institutions among the poor farmers, processes to receive loans from such informal channels, viscous cycle of exorbitant interest, international practices on the actions against loan sharks and other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recommendations made in the report, the local administration would continue the investigation against the complaints related to this crime. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The recommendations of the taskforce vary from political commitment to government's policy and programme, raising awareness and legal reforms, financial literacy and fiscal access and others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government had formed the taskforce a month ago seeking recommendation to curb loan sharking. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15734', 'image' => '20220914105247_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2022-09-14 10:52:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15990', 'article_category_id' => '1', 'title' => 'NADA EV Expo from September 22', 'sub_title' => '', 'summary' => 'September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. NADA informed during a press conference organized on Monday that “NADA EV Expo 2022” will be organized from September 22 to September 25 at Bhrikutimandap exhibition hall in Kathmandu.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA said that the fair with focus on electric vehicles is being organized for the first time in Nepal. The fair will feature stalls for the purchase of electric vehicles, their parts and financial services.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal Electricity Authority is a supporting organization of the fair where USAID Clean Air is the knowledge partner. USAID Clean Air will conduct a three-day informative conference called “EV Chautari” as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">CEAT Tyre is the prime sponsor of the fair whereas Shikhar Insurance Company is the co-sponsor. Anup Baral, chairman of the NADA EV Expo Committee informed that Khalti app is associated as the digital payment partner with the fair. The manager of the fair is Global Exposition and Management Services. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhruba Bahadur Thapa, president of NADA, informed that public’s interest in electric vehicles is increasing in Nepal and at least 10 percent of the vehicles available in the market are electric.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the information of NADA, there will be 51 stalls and blocks in the fair. Similarly, there will be stalls of seven brands of four-wheelers, one brand of three-wheelers, 16 brands of two-wheelers, three brands of tires, two brands of batteries, and 9 brands of spare parts. Also, garage equipment company, auto magazine and four financial institutions will have stalls.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA says that tickets can be purchased online through the Khalti app. Tickets purchased from Monday till September 22 will get discounts. There is an offer of 25% cash back when buying tickets from the Khalti app. The ticket price is fixed at Rs150 for students and Rs 200 for the general public.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15732', 'image' => '20220913042706_1663024593.Clipboard03.jpg', 'article_date' => '2022-09-13 16:26:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15992', 'article_category_id' => '1', 'title' => 'Fire at E-Scooter Showroom in India Kills Eight ', 'sub_title' => '', 'summary' => 'September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11, Reuters reported citing the police. According to the news agency, it was the deadliest such incident involving electric vehicles in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“A spate of electric scooter fires this year has alarmed the government, which is keen to promote use of such two-wheelers in its fight against pollution,” Reuters further stated. Early investigations have identified faulty battery cells and battery modules among the main causes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The latest fire broke out late on Monday in a hotel basement housing the showroom with some two dozen electric scooters in the southern city of Secunderabad, Reuters said. Citing the local police, Reuters said that the fire has been brought under control and an investigation has been launched.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Most of the dead were occupants of the hotel, which was engulfed by smoke.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't know if the fire started because of overcharging and then spread or whether it started elsewhere. That is still being established," Reuters quoted police official Chandana Deepti as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The identity of the dealer and the maker of scooters being sold was not immediately clear.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news report, police and firefighters used cranes and other equipment to pluck stranded hotel guests from upper floors of the four-storey building as smoke billowed out of its windows.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Those staying on the first and second floors were overpowered by smoke and the maximum casualties are from those floors," CV Anand, the police chief of the neighbouring city of Hyderabad, told ANI.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Reuters, India launched an investigation over safety concerns in March after a string of e-scooter fires, including one in which a man and his daughter died when their e-bike "went up in flames".</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% now.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15731', 'image' => '20220913044634_20220330070939_EV fire.jpg', 'article_date' => '2022-09-13 16:45:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15989', 'article_category_id' => '1', 'title' => 'Capital Requirement Fixed for New Stock Exchange won't be Applicable for NEPSE', 'sub_title' => '', 'summary' => 'The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 13: The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Securities Board of Nepal made such arrangement by announcing the second amendment to the Securities Market Operation Regulations, 2079 on Monday. There is also a provision in the revised regulations for the new stock exchange to issue at least 30 per cent of its issued capital shares to the general public within two years of conducting business.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is also mentioned in the regulations that this arrangement to issue IPO to the general public does not apply to the currently operating stock exchange. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Arrangements have been made so that only private companies or institutions established according to the law can acquire shares of the new stock exchange company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Provision has been made for the new stock exchange company to take necessary cooperation and technical assistance from internationally renowned securities market regarding the transaction system and other related technologies. Provisions have also been made in the regulations that business system servers and data hosting cannot be kept abroad without the consent of the Government of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The state-owned Nepal Stock Exchange is the only stock exchange company currently operation in Nepal. Neighbouring India has two stock exchange companies.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15730', 'image' => '20220913042622_1663042405.1662772852.nepse.jpg', 'article_date' => '2022-09-13 16:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15988', 'article_category_id' => '1', 'title' => 'Securities Board to Issue License for New Stock Exchange Company and Brokers within this Week', 'sub_title' => '', 'summary' => 'September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week. Chairman of the board Ramesh Kumar Hamal informed that the board will seek applications for the new company and broker license within this week.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Hamal, the minimum paid-up capital required for the new stock exchange company is Rs 3 billion. Likewise, the capital requirement for new broker license has been fixed between Rs 200 million to Rs 1.5 billion. Brokers will be issued three different types of licenses based on their capital. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the first kind of brokers providing limited services of stock market transaction require a minimum capital of Rs 200 million to acquire license. Likewise, the brokers providing services like share transaction, depository participant, investment consultancy, investment management and margin business need to have a minimum paid up capital of Rs 600 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the third type of license will be issued for stock dealers who must maintain a minimum capital of Rs 1.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairman Hamal informed that the board’s proposal to open broker license every year has been amended. According to Hamal, the board will now issue broker license once in every three years. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Whoever meets the criteria set by the board can acquire license,” said Hamal. “This will create an opportunity for everyone involved in the stock market,” he added.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15729', 'image' => '20220913040730_Sebonnn.jpg', 'article_date' => '2022-09-13 16:06:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15987', 'article_category_id' => '1', 'title' => 'Bank Deposits and Credit Flow Increasing', 'sub_title' => '', 'summary' => 'September 13: Bank deposits and credit flow continued to improve in the second week of September as well. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: Bank deposits and credit flow continued to improve in the second week of September as well. It has been found that the new schemes of banks to attract deposits and the upcoming festivals have had a positive impact on bank deposits and loan disbursement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, in the second week of September, bank deposits increased by Rs 8 billion, while credit flow also increased by Rs 7 billion. The total deposits of commercial banks which stood at Rs 4437 billion on September 2 climbed to Rs 4444 biillion on September 9. Although the bank deposits had decreased in the third week of August, it has been continuously rising since then. From mid-August to mid-September, deposits of Rs 12 billion have been added in the banking system.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The upcoming festive season and new deposit schemes introduced by banks have been considered as the main reasons for the increase in bank deposits. Lately, banks have announced term deposit schemes for a period of 21 years, giving up to 10 times returns of the initial deposit. Similarly, bankers claim that remittance inflow has increased as Dashain, the biggest festival of Nepal, is fast approaching. This has had a positive impact in the domestic market and the financial activities have also increased. Along with the increase in deposits, banks have also started to increase loan disbursement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the association, the total loan disbursement of banks was Rs 4181 billion on September 2, which reached Rs 4188 biillion by September 9. From mid-August to mid-September, credit flow of banks has increased by Rs 12 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in loans/deposits of banks, the credit-deposit ratio (CD ratio) has also improved. According to the association, the average CD ratio of commercial banks remained at 88.36 percent on September 9. Earlier, the CD ratio was 88.25 percent on September 2 and 88.42 percent on August 26. According to the instructions of Nepal Rastra Bank, banks should maintain CD ratio within 90 percent. Banks that are unable to maintain this ratio will be fined for the excess amount.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15728', 'image' => '20220913031923_Banks - Copy.jpg', 'article_date' => '2022-09-13 15:18:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15986', 'article_category_id' => '1', 'title' => 'Nepal Improves in HDI Ranking despite Fall in HDI Value: UNDP Report ', 'sub_title' => '', 'summary' => 'September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points due to continued turbulence caused by the COVID-19 pandemic, the United Nations Development Programme (UNDP) said in a report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From the lens of gender, Nepal stands at 113th position in global Gender Inequality Index. As per the report, Sri Lanka tops the list of South Asian countries in HDI ranking with its position of 73 in the world followed by Maldives (90), Bhutan (127), Bangladesh (129), India (132), Nepal (143) Pakistan (161) and Afghanistan (180).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Released after a two-year gap on September 12, the 2022 report puts the country in the medium human development category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HDI is a measure for assessing long- term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the UNDP, Nepal made a significant achievement in HDI value between 1990 and 2021, which improved from 0.399 to 0.602, that means an improvement of 50.9 percent in the last three decades. Between 1990 and 2021, Nepal's life expectancy at birth has improved by 13.6 years, mean years of schooling improved by 2.8 years and expected years of schooling improved by 5.4 years. Nepal's GNI per capita improved by about 146.0 percent between 1990 and 2021, the UNDP report said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report however shows Nepal continues to incur substantive loss in human development due to persisting inequalities including gender, caste, geographic regions and other categories. As the inequality in a country increases, the loss in human development also increases. The 2021 female HDI value for Nepal is 0.584 in contrast to 0.621 for males, resulting in a GDI value of 0.942, placing it into Group 3 which comprises countries with medium equality in HDI achievements between women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Records show Nepal’s performance during 2019 and 2020 was comparatively low in the areas including maternal mortality, shares of parliamentary seats held by women, and women’s participation in the labour force. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Gender Inequality Index measures gender inequalities (the loss in human development due to inequality between female and male achievements) in three key dimensions – reproductive health, empowerment, and labour market. Reproductive health is measured by maternal mortality ratio and adolescent birth rates; empowerment is measured by the shares of parliamentary seats held and population with at least some secondary education by each gender; and labour market participation is measured by the labour force participation rates for women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> “The new Human Development Report indicates Nepal has largely maintained stable position over the past two years despite numerous shocks, including COVID-19 pandemic and natural disasters. This is because of the long-term investments over the years. Going forward, we need everyone’s wisdom, experience and more importantly the positive attitude to cope with crisis and making more choices available to the people,” said Ayshanie Medagangoda-Labe, UNDP’s Resident Representative in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15727', 'image' => '20220913022112_HDI.jpg', 'article_date' => '2022-09-13 14:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15985', 'article_category_id' => '1', 'title' => 'Flight Schedule Affected due to Unavailability of Aviation Fuel outside Kathmandu', 'sub_title' => '', 'summary' => 'September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. They said that the problems have surfaced as aviation fuel is not easily available in most of the airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Airline Operators Association of Nepal (AOAN) has drawn the attention of the government to this problem. The association has also requested the government to facilitate in supplying ATF to the airports in remote areas. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the AOAN said it has urged the Civil Aviation Authority of Nepal (CAAN) to avail aviation fuel in airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The association said that a situation has arisen where they can no longer operate commercial flights due to unavailability of fuel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement issued by AOAN says that they are facing scarcity of fuel when the festive season is just around the corner. The association further said that the passengers have been affected due to the unavailability of flights just ahead of the festivals when the airline companies were planning to provide reliable and safe flights during the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In such a situation, the CAAN has been urged to avail aviation turbine fuel in airports outside Kathmandu as soon as possible,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dhangadhi-based depot of Nepal Oil Corporation had recently warned that there might be problems in supply of aviation fuel due to the protest launched by transport companies on September 2. The Dhangadhi depot has urged the NOC to avail fuel to the airline companies from Sinamangal-based depot until the situation normalizes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for fuel is high during the festive season. The transport companies have started their protest demanding a hike in transportation fare taking advantage of this situation.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15726', 'image' => '20220913010255_Airport.width-1024.jpg', 'article_date' => '2022-09-13 13:02:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15984', 'article_category_id' => '1', 'title' => 'Government to Provide Relief Materials to Pakistan ', 'sub_title' => '', 'summary' => 'September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. </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"">Issuing a press statement on Monday, Spokesperson at Ministry of Home Affairs, Phanindra Mani Pokhrel, confirmed that the government has decided to providing relief materials to Pakistan in view of the huge loss of lives and properties due to the recent floods and inundation in the neighbouring country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The relief materials are being provided as per the decision of the Council of Ministers on September 6. Nepal has also expressed condolence to the bereaved family members who lost their loves ones in the disaster, and wished for speedy recovery of the injured. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15725', 'image' => '20220913120558_Flag-Pins-Nepal-Pakistan.jpg', 'article_date' => '2022-09-13 12:05:25', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his address to the second edition of the Green Climate Fund Programming Conference held in Incheon of South Korea on Tuesday, Finance Minister Sharma said Nepal has been gradually grappling with crisis due to climate change. The conference that kicked off on Tuesday will conclude on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in global warming, incidents of natural calamities have increased, glacial lakes have been bursting out and frequency of floods and landslides is also on the rise, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Despite negligible contribution to the global emission of Green House Gases, the least developed countries are bearing the brunt of negative impact of the climate change, the minister added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"As a member-nation of the United Nations Framework Convention on Climate Change (UNFCCC), Nepal has actively advanced its efforts and engagement in the global fight against climate change," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Sharma further noted that all countries should come up with concrete measures to reduce GHG emission so as to limit the rise of global temperature to an average of 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister also informed that Nepal, as an ambitious climate change stakeholder, has devised numerous plans to enhance the climate change resilient capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The National Climate Change Policy, 2019 has explicitly set the goal of building climate resilient society and thereby contributing to the social-economic prosperity of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In materializing the goal, the national policy has taken several sub-policies, strategies and measures in the key thematic areas of climate change, the finance minister said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further shared that Nepal has already signed the Paris Agreement and the UNFCCC. Nepal has set a target of becoming net zero emission country by 2045, he said, adding that the country has adopted a policy to spend at least 80 percent of the climate finance to respond to the negative impacts of climate change. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15740', 'image' => '20220914031045_grippa-index2.jpg', 'article_date' => '2022-09-14 15:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15998', 'article_category_id' => '1', 'title' => 'HAN Organising Hospitality Conclave for the First Time in Nepal', 'sub_title' => '', 'summary' => 'September 14: The Hotel Association of Nepal is preparing to organize Nepal Hospitality Conclave for the first time in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 14: The Hotel Association of Nepal (HAN) is all set to organize the Nepal Hospitality Conclave for the first time in Nepal in collaboration with BeanstalkAsia Nepal and WaterComm. According to HAN, the first edition of the conclave is to be held on September 25 at the Soaltee Hotel Kathmandu for which the registrations are now open. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">HAN President Shreejana Rana said in a statement that Nepal's first hospitality conclave will help find solutions to the current problems faced by the hotel sector and the ones that might arise in the future.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Attention will be given to innovative ways of marketing to keep afloat the business that is recovering in the aftermath of the Covid-19 pandemic,” the statement quoted Rana as saying. It is believed that the conclave will play a central role in maintaining the standard of Nepal’s hospitality industry and overall tourism development through a day of discussion with national and international industry experts. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Senior Vice President of HAN, Binayak Shah, said that the number of tourists seen in the world market after the outbreak of coronavirus is limited, but since the market is open to all, it is a challenge to bring tourists to Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"There is an intense competition in the world market to attract tourists, pre-bookings have become common now," Shah said, adding, "We want to bring more tourists to Nepal. For this, we are going to hold a conference to decide the strategy to be adopted and to see the practices of other countries. The competition has increased, so a new strategy is necessary.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Shah, the tourism sector is going towards normalcy and it seems that the budget allocated by the government and monetary policy as well as the programmes announced so far will not be sufficient to revitalize the tourism industry.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">There will be 7 sessions on different topics at the conclave. These sessions will come up with suggestions on policy and long-term policies to be adopted for the operation of the hotels and they will be presented to the relevant agencies of the government for implementation, the statement released by HAN says.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Subodh Thapa, the co-founder of the conclave, the goal of the conclave is to help the Nepali Hospitality Industry thrive by uniting all the representatives from its cross section for a day of discussion about the industry trends with the industry experts. NHC also provides a pavilion to exhibit relevant products and services, and a platform to network amongst each other. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the Nepal Hospitality Conclave is the Sagtani Exim. The registration for the conclave is now open and the tickets can be purchased through the official website of the conclave (http://www.nepalhospitalityconclave.biz/) along with additional information regarding the event. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15739', 'image' => '20220915032106_1663140877.jpg', 'article_date' => '2022-09-14 15:08:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15997', 'article_category_id' => '1', 'title' => 'Government to Release Rupees One Billion to Settle Covid-19 Insurance Claims', 'sub_title' => '', 'summary' => 'September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time. A meeting of the Council of Ministers held last week took a decision to this effect.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Insurance companies are yet to settle insurance claims of more than Rs 11 billion related to coronavirus due to the delay on part of the government to release the funds. The government, the Insurance Board and the insurance companies are all responsible for settling the claims related to coronavirus.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that all non-life insurance companies had denied the settlement of coronavirus insurance claims in July 2020 after the government delayed the release of the allocated budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All 20 non-life insurance companies formally stopped the payment of coronavirus insurance since July 29, 2020 at the call of the Nepal Insurers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The companies had delayed the settlement of claims related to coronavirus insurance citing the delay on part of the government in releasing the budget. The companies argued that they were facing difficulties in settling the claims from their funds after the government failed to release the promised money.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Later in December the same year, the insurance companies started expediting the process of claims settlement following assurance from the Ministry of Finance.</span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15738', 'image' => '20220914023807_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2022-09-14 14:37:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15996', 'article_category_id' => '1', 'title' => 'Li Discusses Bilateral Trade with Nepal during his Official Visit', 'sub_title' => '', 'summary' => 'September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.</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"">Li, who arrived in Nepal for a four-day official visit on Monday at the invitation of Speaker Agni Prasad Sapkota, had earlier held meetings with National Assembly Chairperson Ganesh Prasad Timilsina, CPN (Maoist Centre) Chair Puhspa Kamal Dahal and Foreign Minister Dr Narayan Khadka. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During his meeting with PM Deuba, the two sides discussed about bilateral trade, investment, connectivity, passenger flights, and opening border ports among other issues.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation led by Li praised Nepal’s One-China Policy and the stance taken by the Government of Nepal not to allow any elements to use its territory to plot against China.</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"">On the occasion, Prime Minister Deuba thanked China for its continued support for the development of Nepal.</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"">Meanwhile, Li assured that the border dry ports will be opened as soon as the Covid-19 pandemic is brought under control in Tibet autonomous region of China.</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"">Li also assured that the Chinese government will facilitate in transporting goods for the upcoming festivals. </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"">Nepal-bound container goods ordered by Nepali importers are currently stuck across the northern border after China closed the Tatopani and Rasuwagadhi customs citing Covid-19 outbreak in Tibet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation also pledged to implement the projects in Nepal with Chinese assistance. China also promised to support Nepal graduate from LDC to developing nation.</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"">Li will wrap up his four-day visit and return back to China on Thursday.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15737', 'image' => '20220914014307_RS-KTM-PMDeubaaa.jpg', 'article_date' => '2022-09-14 13:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15995', 'article_category_id' => '1', 'title' => 'FDI in Nepal Climbs to Rs 228 Billion ', 'sub_title' => '', 'summary' => 'September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a survey on foreign direct investment (FDI) conducted by the Nepal Rastra Bank, the FDI stocks in Nepal climbed to Rs 227.9 billion at the end of the fiscal year (FY 2020/21) with an increase of 14.8 percent compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey report released by the central bank on Tuesday, the share of paid-up capital in Nepal’s FDI stocks is 53.9 percent whereas the reserves account for 31.6 percent, and the share of loans is 14.5 percent. The overall foreign direct investment has increased as the share of paid-up capital increased by 13.7 percent, says the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB reports shows that foreigners have invested mostly in banks and financial institutions, insurance companies, projects hotels and restaurants.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey, the industrial sector accounts for about 60.5 percent of the total FDI stocks of which hydropower sector constitutes 30.8 percent and manufacturing sector 29.5 percent of total FDI stocks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 39.4 percent of total FDI stocks are in the service sector of which financial and insurance sector constitutes 26.9 percent, accommodation and food services sector 5.7 percent, and information and communication sector 4.8 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The survey covered 197 firms out of 604 companies that have taken FDI approval from Nepal Rastra Bank as of the end of FY 2020/21. The Research Department of NRB informed that the details on FDI stocks were obtained from the financial statements of the surveyed companies as well as from standard questionnaire. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In terms of total FDI stocks, neighbouring India ranks top with Rs 75.8 billion followed by China (Rs 33.0 billion), Ireland (Rs 16.5 billion), Singapore (Rs 15.5 billion) and Saint Kitts and Nevis (Rs14.5 billion).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, the capacity utilization of FDI-based manufacturing companies stands at 64.9 percent, while the profitability of FDI companies remains at 14.7 percent in the review year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15736', 'image' => '20220914122931_Foreign investment.jpg', 'article_date' => '2022-09-14 12:28:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15994', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of Rs 35 Billion from World Bank ', 'sub_title' => '', 'summary' => 'September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank. According to Government Spokesperson Gyanendra Bahadur Karki, the loan would be spent on programmes to promote transportation and trade connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karki, who is also the Minister for Communication and Information Technology, confirmed this during a press conference organized on Tuesday to share the decisions taken by the Council of Ministers a day ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said the cabinet meeting also decided to form a talks team for receiving a grant of USD 12 million from the Asian Development Bank (ADB) for strengthening the system to protect and uplift women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting has also decided to approve a team of Finance Minister Janardan Sharma to participate in the joint meeting of the World Bank Group and the International Monetary Fund in Washington DC of the United States of America. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15735', 'image' => '20220914112204_World.jpg', 'article_date' => '2022-09-14 11:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15993', 'article_category_id' => '1', 'title' => 'Taskforce Submits Report on Loan Sharking ', 'sub_title' => '', 'summary' => 'September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. Coordinator of the taskforce Dr Bhishma Kumar Bhusal submitted the report to Minister Khand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As stated in the report, a total of 2,289 complaints were received relating to loan sharking and of them 59 cases were settled while seven cases have been filed in the concerned courts. Likewise, police have been probing into seven other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report stated that the victims have filed more than four complaints against 33 loan sharks accusing them of charging exorbitant interest rates to the poor people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report has included issues such as the compulsion of the poor people to seek loan with loan sharks, reasons behind lack of access to banks and financial institutions among the poor farmers, processes to receive loans from such informal channels, viscous cycle of exorbitant interest, international practices on the actions against loan sharks and other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recommendations made in the report, the local administration would continue the investigation against the complaints related to this crime. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The recommendations of the taskforce vary from political commitment to government's policy and programme, raising awareness and legal reforms, financial literacy and fiscal access and others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government had formed the taskforce a month ago seeking recommendation to curb loan sharking. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15734', 'image' => '20220914105247_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2022-09-14 10:52:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15990', 'article_category_id' => '1', 'title' => 'NADA EV Expo from September 22', 'sub_title' => '', 'summary' => 'September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. NADA informed during a press conference organized on Monday that “NADA EV Expo 2022” will be organized from September 22 to September 25 at Bhrikutimandap exhibition hall in Kathmandu.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA said that the fair with focus on electric vehicles is being organized for the first time in Nepal. The fair will feature stalls for the purchase of electric vehicles, their parts and financial services.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal Electricity Authority is a supporting organization of the fair where USAID Clean Air is the knowledge partner. USAID Clean Air will conduct a three-day informative conference called “EV Chautari” as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">CEAT Tyre is the prime sponsor of the fair whereas Shikhar Insurance Company is the co-sponsor. Anup Baral, chairman of the NADA EV Expo Committee informed that Khalti app is associated as the digital payment partner with the fair. The manager of the fair is Global Exposition and Management Services. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhruba Bahadur Thapa, president of NADA, informed that public’s interest in electric vehicles is increasing in Nepal and at least 10 percent of the vehicles available in the market are electric.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the information of NADA, there will be 51 stalls and blocks in the fair. Similarly, there will be stalls of seven brands of four-wheelers, one brand of three-wheelers, 16 brands of two-wheelers, three brands of tires, two brands of batteries, and 9 brands of spare parts. Also, garage equipment company, auto magazine and four financial institutions will have stalls.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA says that tickets can be purchased online through the Khalti app. Tickets purchased from Monday till September 22 will get discounts. There is an offer of 25% cash back when buying tickets from the Khalti app. The ticket price is fixed at Rs150 for students and Rs 200 for the general public.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15732', 'image' => '20220913042706_1663024593.Clipboard03.jpg', 'article_date' => '2022-09-13 16:26:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15992', 'article_category_id' => '1', 'title' => 'Fire at E-Scooter Showroom in India Kills Eight ', 'sub_title' => '', 'summary' => 'September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11, Reuters reported citing the police. According to the news agency, it was the deadliest such incident involving electric vehicles in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“A spate of electric scooter fires this year has alarmed the government, which is keen to promote use of such two-wheelers in its fight against pollution,” Reuters further stated. Early investigations have identified faulty battery cells and battery modules among the main causes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The latest fire broke out late on Monday in a hotel basement housing the showroom with some two dozen electric scooters in the southern city of Secunderabad, Reuters said. Citing the local police, Reuters said that the fire has been brought under control and an investigation has been launched.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Most of the dead were occupants of the hotel, which was engulfed by smoke.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't know if the fire started because of overcharging and then spread or whether it started elsewhere. That is still being established," Reuters quoted police official Chandana Deepti as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The identity of the dealer and the maker of scooters being sold was not immediately clear.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news report, police and firefighters used cranes and other equipment to pluck stranded hotel guests from upper floors of the four-storey building as smoke billowed out of its windows.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Those staying on the first and second floors were overpowered by smoke and the maximum casualties are from those floors," CV Anand, the police chief of the neighbouring city of Hyderabad, told ANI.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Reuters, India launched an investigation over safety concerns in March after a string of e-scooter fires, including one in which a man and his daughter died when their e-bike "went up in flames".</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% now.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15731', 'image' => '20220913044634_20220330070939_EV fire.jpg', 'article_date' => '2022-09-13 16:45:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15989', 'article_category_id' => '1', 'title' => 'Capital Requirement Fixed for New Stock Exchange won't be Applicable for NEPSE', 'sub_title' => '', 'summary' => 'The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 13: The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Securities Board of Nepal made such arrangement by announcing the second amendment to the Securities Market Operation Regulations, 2079 on Monday. There is also a provision in the revised regulations for the new stock exchange to issue at least 30 per cent of its issued capital shares to the general public within two years of conducting business.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is also mentioned in the regulations that this arrangement to issue IPO to the general public does not apply to the currently operating stock exchange. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Arrangements have been made so that only private companies or institutions established according to the law can acquire shares of the new stock exchange company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Provision has been made for the new stock exchange company to take necessary cooperation and technical assistance from internationally renowned securities market regarding the transaction system and other related technologies. Provisions have also been made in the regulations that business system servers and data hosting cannot be kept abroad without the consent of the Government of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The state-owned Nepal Stock Exchange is the only stock exchange company currently operation in Nepal. Neighbouring India has two stock exchange companies.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15730', 'image' => '20220913042622_1663042405.1662772852.nepse.jpg', 'article_date' => '2022-09-13 16:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15988', 'article_category_id' => '1', 'title' => 'Securities Board to Issue License for New Stock Exchange Company and Brokers within this Week', 'sub_title' => '', 'summary' => 'September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week. Chairman of the board Ramesh Kumar Hamal informed that the board will seek applications for the new company and broker license within this week.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Hamal, the minimum paid-up capital required for the new stock exchange company is Rs 3 billion. Likewise, the capital requirement for new broker license has been fixed between Rs 200 million to Rs 1.5 billion. Brokers will be issued three different types of licenses based on their capital. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the first kind of brokers providing limited services of stock market transaction require a minimum capital of Rs 200 million to acquire license. Likewise, the brokers providing services like share transaction, depository participant, investment consultancy, investment management and margin business need to have a minimum paid up capital of Rs 600 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the third type of license will be issued for stock dealers who must maintain a minimum capital of Rs 1.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairman Hamal informed that the board’s proposal to open broker license every year has been amended. According to Hamal, the board will now issue broker license once in every three years. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Whoever meets the criteria set by the board can acquire license,” said Hamal. “This will create an opportunity for everyone involved in the stock market,” he added.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15729', 'image' => '20220913040730_Sebonnn.jpg', 'article_date' => '2022-09-13 16:06:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15987', 'article_category_id' => '1', 'title' => 'Bank Deposits and Credit Flow Increasing', 'sub_title' => '', 'summary' => 'September 13: Bank deposits and credit flow continued to improve in the second week of September as well. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: Bank deposits and credit flow continued to improve in the second week of September as well. It has been found that the new schemes of banks to attract deposits and the upcoming festivals have had a positive impact on bank deposits and loan disbursement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, in the second week of September, bank deposits increased by Rs 8 billion, while credit flow also increased by Rs 7 billion. The total deposits of commercial banks which stood at Rs 4437 billion on September 2 climbed to Rs 4444 biillion on September 9. Although the bank deposits had decreased in the third week of August, it has been continuously rising since then. From mid-August to mid-September, deposits of Rs 12 billion have been added in the banking system.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The upcoming festive season and new deposit schemes introduced by banks have been considered as the main reasons for the increase in bank deposits. Lately, banks have announced term deposit schemes for a period of 21 years, giving up to 10 times returns of the initial deposit. Similarly, bankers claim that remittance inflow has increased as Dashain, the biggest festival of Nepal, is fast approaching. This has had a positive impact in the domestic market and the financial activities have also increased. Along with the increase in deposits, banks have also started to increase loan disbursement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the association, the total loan disbursement of banks was Rs 4181 billion on September 2, which reached Rs 4188 biillion by September 9. From mid-August to mid-September, credit flow of banks has increased by Rs 12 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in loans/deposits of banks, the credit-deposit ratio (CD ratio) has also improved. According to the association, the average CD ratio of commercial banks remained at 88.36 percent on September 9. Earlier, the CD ratio was 88.25 percent on September 2 and 88.42 percent on August 26. According to the instructions of Nepal Rastra Bank, banks should maintain CD ratio within 90 percent. Banks that are unable to maintain this ratio will be fined for the excess amount.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15728', 'image' => '20220913031923_Banks - Copy.jpg', 'article_date' => '2022-09-13 15:18:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15986', 'article_category_id' => '1', 'title' => 'Nepal Improves in HDI Ranking despite Fall in HDI Value: UNDP Report ', 'sub_title' => '', 'summary' => 'September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points due to continued turbulence caused by the COVID-19 pandemic, the United Nations Development Programme (UNDP) said in a report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From the lens of gender, Nepal stands at 113th position in global Gender Inequality Index. As per the report, Sri Lanka tops the list of South Asian countries in HDI ranking with its position of 73 in the world followed by Maldives (90), Bhutan (127), Bangladesh (129), India (132), Nepal (143) Pakistan (161) and Afghanistan (180).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Released after a two-year gap on September 12, the 2022 report puts the country in the medium human development category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HDI is a measure for assessing long- term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the UNDP, Nepal made a significant achievement in HDI value between 1990 and 2021, which improved from 0.399 to 0.602, that means an improvement of 50.9 percent in the last three decades. Between 1990 and 2021, Nepal's life expectancy at birth has improved by 13.6 years, mean years of schooling improved by 2.8 years and expected years of schooling improved by 5.4 years. Nepal's GNI per capita improved by about 146.0 percent between 1990 and 2021, the UNDP report said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report however shows Nepal continues to incur substantive loss in human development due to persisting inequalities including gender, caste, geographic regions and other categories. As the inequality in a country increases, the loss in human development also increases. The 2021 female HDI value for Nepal is 0.584 in contrast to 0.621 for males, resulting in a GDI value of 0.942, placing it into Group 3 which comprises countries with medium equality in HDI achievements between women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Records show Nepal’s performance during 2019 and 2020 was comparatively low in the areas including maternal mortality, shares of parliamentary seats held by women, and women’s participation in the labour force. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Gender Inequality Index measures gender inequalities (the loss in human development due to inequality between female and male achievements) in three key dimensions – reproductive health, empowerment, and labour market. Reproductive health is measured by maternal mortality ratio and adolescent birth rates; empowerment is measured by the shares of parliamentary seats held and population with at least some secondary education by each gender; and labour market participation is measured by the labour force participation rates for women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> “The new Human Development Report indicates Nepal has largely maintained stable position over the past two years despite numerous shocks, including COVID-19 pandemic and natural disasters. This is because of the long-term investments over the years. Going forward, we need everyone’s wisdom, experience and more importantly the positive attitude to cope with crisis and making more choices available to the people,” said Ayshanie Medagangoda-Labe, UNDP’s Resident Representative in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15727', 'image' => '20220913022112_HDI.jpg', 'article_date' => '2022-09-13 14:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15985', 'article_category_id' => '1', 'title' => 'Flight Schedule Affected due to Unavailability of Aviation Fuel outside Kathmandu', 'sub_title' => '', 'summary' => 'September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. They said that the problems have surfaced as aviation fuel is not easily available in most of the airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Airline Operators Association of Nepal (AOAN) has drawn the attention of the government to this problem. The association has also requested the government to facilitate in supplying ATF to the airports in remote areas. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the AOAN said it has urged the Civil Aviation Authority of Nepal (CAAN) to avail aviation fuel in airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The association said that a situation has arisen where they can no longer operate commercial flights due to unavailability of fuel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement issued by AOAN says that they are facing scarcity of fuel when the festive season is just around the corner. The association further said that the passengers have been affected due to the unavailability of flights just ahead of the festivals when the airline companies were planning to provide reliable and safe flights during the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In such a situation, the CAAN has been urged to avail aviation turbine fuel in airports outside Kathmandu as soon as possible,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dhangadhi-based depot of Nepal Oil Corporation had recently warned that there might be problems in supply of aviation fuel due to the protest launched by transport companies on September 2. The Dhangadhi depot has urged the NOC to avail fuel to the airline companies from Sinamangal-based depot until the situation normalizes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for fuel is high during the festive season. The transport companies have started their protest demanding a hike in transportation fare taking advantage of this situation.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15726', 'image' => '20220913010255_Airport.width-1024.jpg', 'article_date' => '2022-09-13 13:02:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15984', 'article_category_id' => '1', 'title' => 'Government to Provide Relief Materials to Pakistan ', 'sub_title' => '', 'summary' => 'September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. </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"">Issuing a press statement on Monday, Spokesperson at Ministry of Home Affairs, Phanindra Mani Pokhrel, confirmed that the government has decided to providing relief materials to Pakistan in view of the huge loss of lives and properties due to the recent floods and inundation in the neighbouring country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The relief materials are being provided as per the decision of the Council of Ministers on September 6. Nepal has also expressed condolence to the bereaved family members who lost their loves ones in the disaster, and wished for speedy recovery of the injured. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15725', 'image' => '20220913120558_Flag-Pins-Nepal-Pakistan.jpg', 'article_date' => '2022-09-13 12:05:25', '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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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Finance Minister Janardan Sharma informed world leaders that Nepal is one of the most vulnerable countries in the world in view of climate change due to its climate-dependent economy and limited adaptation capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his address to the second edition of the Green Climate Fund Programming Conference held in Incheon of South Korea on Tuesday, Finance Minister Sharma said Nepal has been gradually grappling with crisis due to climate change. The conference that kicked off on Tuesday will conclude on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in global warming, incidents of natural calamities have increased, glacial lakes have been bursting out and frequency of floods and landslides is also on the rise, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Despite negligible contribution to the global emission of Green House Gases, the least developed countries are bearing the brunt of negative impact of the climate change, the minister added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"As a member-nation of the United Nations Framework Convention on Climate Change (UNFCCC), Nepal has actively advanced its efforts and engagement in the global fight against climate change," he shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Sharma further noted that all countries should come up with concrete measures to reduce GHG emission so as to limit the rise of global temperature to an average of 1.5 degrees Celsius. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The minister also informed that Nepal, as an ambitious climate change stakeholder, has devised numerous plans to enhance the climate change resilient capacity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The National Climate Change Policy, 2019 has explicitly set the goal of building climate resilient society and thereby contributing to the social-economic prosperity of the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In materializing the goal, the national policy has taken several sub-policies, strategies and measures in the key thematic areas of climate change, the finance minister said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further shared that Nepal has already signed the Paris Agreement and the UNFCCC. Nepal has set a target of becoming net zero emission country by 2045, he said, adding that the country has adopted a policy to spend at least 80 percent of the climate finance to respond to the negative impacts of climate change. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15740', 'image' => '20220914031045_grippa-index2.jpg', 'article_date' => '2022-09-14 15:10:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15998', 'article_category_id' => '1', 'title' => 'HAN Organising Hospitality Conclave for the First Time in Nepal', 'sub_title' => '', 'summary' => 'September 14: The Hotel Association of Nepal is preparing to organize Nepal Hospitality Conclave for the first time in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">September 14: The Hotel Association of Nepal (HAN) is all set to organize the Nepal Hospitality Conclave for the first time in Nepal in collaboration with BeanstalkAsia Nepal and WaterComm. According to HAN, the first edition of the conclave is to be held on September 25 at the Soaltee Hotel Kathmandu for which the registrations are now open. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">HAN President Shreejana Rana said in a statement that Nepal's first hospitality conclave will help find solutions to the current problems faced by the hotel sector and the ones that might arise in the future.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“Attention will be given to innovative ways of marketing to keep afloat the business that is recovering in the aftermath of the Covid-19 pandemic,” the statement quoted Rana as saying. It is believed that the conclave will play a central role in maintaining the standard of Nepal’s hospitality industry and overall tourism development through a day of discussion with national and international industry experts. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Senior Vice President of HAN, Binayak Shah, said that the number of tourists seen in the world market after the outbreak of coronavirus is limited, but since the market is open to all, it is a challenge to bring tourists to Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">"There is an intense competition in the world market to attract tourists, pre-bookings have become common now," Shah said, adding, "We want to bring more tourists to Nepal. For this, we are going to hold a conference to decide the strategy to be adopted and to see the practices of other countries. The competition has increased, so a new strategy is necessary.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Shah, the tourism sector is going towards normalcy and it seems that the budget allocated by the government and monetary policy as well as the programmes announced so far will not be sufficient to revitalize the tourism industry.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">There will be 7 sessions on different topics at the conclave. These sessions will come up with suggestions on policy and long-term policies to be adopted for the operation of the hotels and they will be presented to the relevant agencies of the government for implementation, the statement released by HAN says.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Subodh Thapa, the co-founder of the conclave, the goal of the conclave is to help the Nepali Hospitality Industry thrive by uniting all the representatives from its cross section for a day of discussion about the industry trends with the industry experts. NHC also provides a pavilion to exhibit relevant products and services, and a platform to network amongst each other. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the Nepal Hospitality Conclave is the Sagtani Exim. The registration for the conclave is now open and the tickets can be purchased through the official website of the conclave (http://www.nepalhospitalityconclave.biz/) along with additional information regarding the event. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-16', 'keywords' => '', 'description' => '', 'sortorder' => '15739', 'image' => '20220915032106_1663140877.jpg', 'article_date' => '2022-09-14 15:08:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15997', 'article_category_id' => '1', 'title' => 'Government to Release Rupees One Billion to Settle Covid-19 Insurance Claims', 'sub_title' => '', 'summary' => 'September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: The government has decided to release Rs 1 billion to settle the insurance claims related to Covid-19 which has been pending since a long time. A meeting of the Council of Ministers held last week took a decision to this effect.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Insurance companies are yet to settle insurance claims of more than Rs 11 billion related to coronavirus due to the delay on part of the government to release the funds. The government, the Insurance Board and the insurance companies are all responsible for settling the claims related to coronavirus.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that all non-life insurance companies had denied the settlement of coronavirus insurance claims in July 2020 after the government delayed the release of the allocated budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All 20 non-life insurance companies formally stopped the payment of coronavirus insurance since July 29, 2020 at the call of the Nepal Insurers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The companies had delayed the settlement of claims related to coronavirus insurance citing the delay on part of the government in releasing the budget. The companies argued that they were facing difficulties in settling the claims from their funds after the government failed to release the promised money.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Later in December the same year, the insurance companies started expediting the process of claims settlement following assurance from the Ministry of Finance.</span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15738', 'image' => '20220914023807_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2022-09-14 14:37:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15996', 'article_category_id' => '1', 'title' => 'Li Discusses Bilateral Trade with Nepal during his Official Visit', 'sub_title' => '', 'summary' => 'September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: Visiting Chief of the Chinese National People's Congress of the People's Republic of China, Li Zhanshu, paid a courtesy call on Prime Minister Sher Bahadur Deuba and leader of the main opposition party as well as former Prime Minister KP Sharma Oli on Tuesday.</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"">Li, who arrived in Nepal for a four-day official visit on Monday at the invitation of Speaker Agni Prasad Sapkota, had earlier held meetings with National Assembly Chairperson Ganesh Prasad Timilsina, CPN (Maoist Centre) Chair Puhspa Kamal Dahal and Foreign Minister Dr Narayan Khadka. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During his meeting with PM Deuba, the two sides discussed about bilateral trade, investment, connectivity, passenger flights, and opening border ports among other issues.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation led by Li praised Nepal’s One-China Policy and the stance taken by the Government of Nepal not to allow any elements to use its territory to plot against China.</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"">On the occasion, Prime Minister Deuba thanked China for its continued support for the development of Nepal.</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"">Meanwhile, Li assured that the border dry ports will be opened as soon as the Covid-19 pandemic is brought under control in Tibet autonomous region of China.</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"">Li also assured that the Chinese government will facilitate in transporting goods for the upcoming festivals. </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"">Nepal-bound container goods ordered by Nepali importers are currently stuck across the northern border after China closed the Tatopani and Rasuwagadhi customs citing Covid-19 outbreak in Tibet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese delegation also pledged to implement the projects in Nepal with Chinese assistance. China also promised to support Nepal graduate from LDC to developing nation.</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"">Li will wrap up his four-day visit and return back to China on Thursday.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15737', 'image' => '20220914014307_RS-KTM-PMDeubaaa.jpg', 'article_date' => '2022-09-14 13:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15995', 'article_category_id' => '1', 'title' => 'FDI in Nepal Climbs to Rs 228 Billion ', 'sub_title' => '', 'summary' => 'September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 14: Nepal received foreign direct investment of over Rs 227 billion from 55 countries as of mid-July this year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to a survey on foreign direct investment (FDI) conducted by the Nepal Rastra Bank, the FDI stocks in Nepal climbed to Rs 227.9 billion at the end of the fiscal year (FY 2020/21) with an increase of 14.8 percent compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey report released by the central bank on Tuesday, the share of paid-up capital in Nepal’s FDI stocks is 53.9 percent whereas the reserves account for 31.6 percent, and the share of loans is 14.5 percent. The overall foreign direct investment has increased as the share of paid-up capital increased by 13.7 percent, says the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB reports shows that foreigners have invested mostly in banks and financial institutions, insurance companies, projects hotels and restaurants.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the survey, the industrial sector accounts for about 60.5 percent of the total FDI stocks of which hydropower sector constitutes 30.8 percent and manufacturing sector 29.5 percent of total FDI stocks.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">About 39.4 percent of total FDI stocks are in the service sector of which financial and insurance sector constitutes 26.9 percent, accommodation and food services sector 5.7 percent, and information and communication sector 4.8 percent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The survey covered 197 firms out of 604 companies that have taken FDI approval from Nepal Rastra Bank as of the end of FY 2020/21. The Research Department of NRB informed that the details on FDI stocks were obtained from the financial statements of the surveyed companies as well as from standard questionnaire. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In terms of total FDI stocks, neighbouring India ranks top with Rs 75.8 billion followed by China (Rs 33.0 billion), Ireland (Rs 16.5 billion), Singapore (Rs 15.5 billion) and Saint Kitts and Nevis (Rs14.5 billion).</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to NRB, the capacity utilization of FDI-based manufacturing companies stands at 64.9 percent, while the profitability of FDI companies remains at 14.7 percent in the review year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15736', 'image' => '20220914122931_Foreign investment.jpg', 'article_date' => '2022-09-14 12:28:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15994', 'article_category_id' => '1', 'title' => 'Cabinet Approves Concessional Loan of Rs 35 Billion from World Bank ', 'sub_title' => '', 'summary' => 'September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 14: The government has approved concessional loan of Rs 35 billion (USD 275 million) to be received from the World Bank. According to Government Spokesperson Gyanendra Bahadur Karki, the loan would be spent on programmes to promote transportation and trade connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Karki, who is also the Minister for Communication and Information Technology, confirmed this during a press conference organized on Tuesday to share the decisions taken by the Council of Ministers a day ago. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said the cabinet meeting also decided to form a talks team for receiving a grant of USD 12 million from the Asian Development Bank (ADB) for strengthening the system to protect and uplift women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting has also decided to approve a team of Finance Minister Janardan Sharma to participate in the joint meeting of the World Bank Group and the International Monetary Fund in Washington DC of the United States of America. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15735', 'image' => '20220914112204_World.jpg', 'article_date' => '2022-09-14 11:21:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15993', 'article_category_id' => '1', 'title' => 'Taskforce Submits Report on Loan Sharking ', 'sub_title' => '', 'summary' => 'September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The taskforce formed by the government to recommend measures to curb loan sharking has submitted its report to Home Minister Bal Krishna Khand. Coordinator of the taskforce Dr Bhishma Kumar Bhusal submitted the report to Minister Khand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As stated in the report, a total of 2,289 complaints were received relating to loan sharking and of them 59 cases were settled while seven cases have been filed in the concerned courts. Likewise, police have been probing into seven other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report stated that the victims have filed more than four complaints against 33 loan sharks accusing them of charging exorbitant interest rates to the poor people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report has included issues such as the compulsion of the poor people to seek loan with loan sharks, reasons behind lack of access to banks and financial institutions among the poor farmers, processes to receive loans from such informal channels, viscous cycle of exorbitant interest, international practices on the actions against loan sharks and other issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recommendations made in the report, the local administration would continue the investigation against the complaints related to this crime. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The recommendations of the taskforce vary from political commitment to government's policy and programme, raising awareness and legal reforms, financial literacy and fiscal access and others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government had formed the taskforce a month ago seeking recommendation to curb loan sharking. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2022-09-14', 'modified' => '2022-09-14', 'keywords' => '', 'description' => '', 'sortorder' => '15734', 'image' => '20220914105247_landsharksharkrQC7Jq3r_q1_RbQ_A.jpeg', 'article_date' => '2022-09-14 10:52:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15990', 'article_category_id' => '1', 'title' => 'NADA EV Expo from September 22', 'sub_title' => '', 'summary' => 'September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: NADA Automobiles Association of Nepal is going to organize an exhibition of electric vehicles from September 22. NADA informed during a press conference organized on Monday that “NADA EV Expo 2022” will be organized from September 22 to September 25 at Bhrikutimandap exhibition hall in Kathmandu.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA said that the fair with focus on electric vehicles is being organized for the first time in Nepal. The fair will feature stalls for the purchase of electric vehicles, their parts and financial services.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Nepal Electricity Authority is a supporting organization of the fair where USAID Clean Air is the knowledge partner. USAID Clean Air will conduct a three-day informative conference called “EV Chautari” as well.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">CEAT Tyre is the prime sponsor of the fair whereas Shikhar Insurance Company is the co-sponsor. Anup Baral, chairman of the NADA EV Expo Committee informed that Khalti app is associated as the digital payment partner with the fair. The manager of the fair is Global Exposition and Management Services. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Dhruba Bahadur Thapa, president of NADA, informed that public’s interest in electric vehicles is increasing in Nepal and at least 10 percent of the vehicles available in the market are electric.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">As per the information of NADA, there will be 51 stalls and blocks in the fair. Similarly, there will be stalls of seven brands of four-wheelers, one brand of three-wheelers, 16 brands of two-wheelers, three brands of tires, two brands of batteries, and 9 brands of spare parts. Also, garage equipment company, auto magazine and four financial institutions will have stalls.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">NADA says that tickets can be purchased online through the Khalti app. Tickets purchased from Monday till September 22 will get discounts. There is an offer of 25% cash back when buying tickets from the Khalti app. The ticket price is fixed at Rs150 for students and Rs 200 for the general public.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15732', 'image' => '20220913042706_1663024593.Clipboard03.jpg', 'article_date' => '2022-09-13 16:26:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15992', 'article_category_id' => '1', 'title' => 'Fire at E-Scooter Showroom in India Kills Eight ', 'sub_title' => '', 'summary' => 'September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">September 13: A fire that started at an electric scooter showroom in South India on Monday killed at least eight people and injured 11, Reuters reported citing the police. According to the news agency, it was the deadliest such incident involving electric vehicles in the country.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“A spate of electric scooter fires this year has alarmed the government, which is keen to promote use of such two-wheelers in its fight against pollution,” Reuters further stated. Early investigations have identified faulty battery cells and battery modules among the main causes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The latest fire broke out late on Monday in a hotel basement housing the showroom with some two dozen electric scooters in the southern city of Secunderabad, Reuters said. Citing the local police, Reuters said that the fire has been brought under control and an investigation has been launched.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Most of the dead were occupants of the hotel, which was engulfed by smoke.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"We don't know if the fire started because of overcharging and then spread or whether it started elsewhere. That is still being established," Reuters quoted police official Chandana Deepti as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The identity of the dealer and the maker of scooters being sold was not immediately clear.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the news report, police and firefighters used cranes and other equipment to pluck stranded hotel guests from upper floors of the four-storey building as smoke billowed out of its windows.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Those staying on the first and second floors were overpowered by smoke and the maximum casualties are from those floors," CV Anand, the police chief of the neighbouring city of Hyderabad, told ANI.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Reuters, India launched an investigation over safety concerns in March after a string of e-scooter fires, including one in which a man and his daughter died when their e-bike "went up in flames".</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“India wants e-scooters and e-bikes to make up 80% of total two-wheeler sales by 2030, from about 2% now.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15731', 'image' => '20220913044634_20220330070939_EV fire.jpg', 'article_date' => '2022-09-13 16:45:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15989', 'article_category_id' => '1', 'title' => 'Capital Requirement Fixed for New Stock Exchange won't be Applicable for NEPSE', 'sub_title' => '', 'summary' => 'The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">September 13: The minimum paid-up capital of Rs 3 billion fixed for stock exchange company does not apply for the stock exchange company which is currently in operation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The Securities Board of Nepal made such arrangement by announcing the second amendment to the Securities Market Operation Regulations, 2079 on Monday. There is also a provision in the revised regulations for the new stock exchange to issue at least 30 per cent of its issued capital shares to the general public within two years of conducting business.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">It is also mentioned in the regulations that this arrangement to issue IPO to the general public does not apply to the currently operating stock exchange. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Arrangements have been made so that only private companies or institutions established according to the law can acquire shares of the new stock exchange company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Provision has been made for the new stock exchange company to take necessary cooperation and technical assistance from internationally renowned securities market regarding the transaction system and other related technologies. Provisions have also been made in the regulations that business system servers and data hosting cannot be kept abroad without the consent of the Government of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The state-owned Nepal Stock Exchange is the only stock exchange company currently operation in Nepal. Neighbouring India has two stock exchange companies.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15730', 'image' => '20220913042622_1663042405.1662772852.nepse.jpg', 'article_date' => '2022-09-13 16:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15988', 'article_category_id' => '1', 'title' => 'Securities Board to Issue License for New Stock Exchange Company and Brokers within this Week', 'sub_title' => '', 'summary' => 'September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: The Securities Board of Nepal (SEBON) is preparing to issue license for a new stock exchange company and brokers within this week. Chairman of the board Ramesh Kumar Hamal informed that the board will seek applications for the new company and broker license within this week.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Hamal, the minimum paid-up capital required for the new stock exchange company is Rs 3 billion. Likewise, the capital requirement for new broker license has been fixed between Rs 200 million to Rs 1.5 billion. Brokers will be issued three different types of licenses based on their capital. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the new provision, the first kind of brokers providing limited services of stock market transaction require a minimum capital of Rs 200 million to acquire license. Likewise, the brokers providing services like share transaction, depository participant, investment consultancy, investment management and margin business need to have a minimum paid up capital of Rs 600 million. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the third type of license will be issued for stock dealers who must maintain a minimum capital of Rs 1.5 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chairman Hamal informed that the board’s proposal to open broker license every year has been amended. According to Hamal, the board will now issue broker license once in every three years. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Whoever meets the criteria set by the board can acquire license,” said Hamal. “This will create an opportunity for everyone involved in the stock market,” he added.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15729', 'image' => '20220913040730_Sebonnn.jpg', 'article_date' => '2022-09-13 16:06:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15987', 'article_category_id' => '1', 'title' => 'Bank Deposits and Credit Flow Increasing', 'sub_title' => '', 'summary' => 'September 13: Bank deposits and credit flow continued to improve in the second week of September as well. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">September 13: Bank deposits and credit flow continued to improve in the second week of September as well. It has been found that the new schemes of banks to attract deposits and the upcoming festivals have had a positive impact on bank deposits and loan disbursement.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Nepal Bankers Association, in the second week of September, bank deposits increased by Rs 8 billion, while credit flow also increased by Rs 7 billion. The total deposits of commercial banks which stood at Rs 4437 billion on September 2 climbed to Rs 4444 biillion on September 9. Although the bank deposits had decreased in the third week of August, it has been continuously rising since then. From mid-August to mid-September, deposits of Rs 12 billion have been added in the banking system.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">The upcoming festive season and new deposit schemes introduced by banks have been considered as the main reasons for the increase in bank deposits. Lately, banks have announced term deposit schemes for a period of 21 years, giving up to 10 times returns of the initial deposit. Similarly, bankers claim that remittance inflow has increased as Dashain, the biggest festival of Nepal, is fast approaching. This has had a positive impact in the domestic market and the financial activities have also increased. Along with the increase in deposits, banks have also started to increase loan disbursement. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the association, the total loan disbursement of banks was Rs 4181 billion on September 2, which reached Rs 4188 biillion by September 9. From mid-August to mid-September, credit flow of banks has increased by Rs 12 billion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Along with the increase in loans/deposits of banks, the credit-deposit ratio (CD ratio) has also improved. According to the association, the average CD ratio of commercial banks remained at 88.36 percent on September 9. Earlier, the CD ratio was 88.25 percent on September 2 and 88.42 percent on August 26. According to the instructions of Nepal Rastra Bank, banks should maintain CD ratio within 90 percent. Banks that are unable to maintain this ratio will be fined for the excess amount.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15728', 'image' => '20220913031923_Banks - Copy.jpg', 'article_date' => '2022-09-13 15:18:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15986', 'article_category_id' => '1', 'title' => 'Nepal Improves in HDI Ranking despite Fall in HDI Value: UNDP Report ', 'sub_title' => '', 'summary' => 'September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: Nepal has improved its Human Development Index (HDI) ranking from 144th to 143rd, although the HDI value has marginally declined from 0.604 to 0.602 points due to continued turbulence caused by the COVID-19 pandemic, the United Nations Development Programme (UNDP) said in a report. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From the lens of gender, Nepal stands at 113th position in global Gender Inequality Index. As per the report, Sri Lanka tops the list of South Asian countries in HDI ranking with its position of 73 in the world followed by Maldives (90), Bhutan (127), Bangladesh (129), India (132), Nepal (143) Pakistan (161) and Afghanistan (180).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Released after a two-year gap on September 12, the 2022 report puts the country in the medium human development category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HDI is a measure for assessing long- term progress in three basic dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the UNDP, Nepal made a significant achievement in HDI value between 1990 and 2021, which improved from 0.399 to 0.602, that means an improvement of 50.9 percent in the last three decades. Between 1990 and 2021, Nepal's life expectancy at birth has improved by 13.6 years, mean years of schooling improved by 2.8 years and expected years of schooling improved by 5.4 years. Nepal's GNI per capita improved by about 146.0 percent between 1990 and 2021, the UNDP report said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report however shows Nepal continues to incur substantive loss in human development due to persisting inequalities including gender, caste, geographic regions and other categories. As the inequality in a country increases, the loss in human development also increases. The 2021 female HDI value for Nepal is 0.584 in contrast to 0.621 for males, resulting in a GDI value of 0.942, placing it into Group 3 which comprises countries with medium equality in HDI achievements between women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Records show Nepal’s performance during 2019 and 2020 was comparatively low in the areas including maternal mortality, shares of parliamentary seats held by women, and women’s participation in the labour force. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Gender Inequality Index measures gender inequalities (the loss in human development due to inequality between female and male achievements) in three key dimensions – reproductive health, empowerment, and labour market. Reproductive health is measured by maternal mortality ratio and adolescent birth rates; empowerment is measured by the shares of parliamentary seats held and population with at least some secondary education by each gender; and labour market participation is measured by the labour force participation rates for women and men. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> “The new Human Development Report indicates Nepal has largely maintained stable position over the past two years despite numerous shocks, including COVID-19 pandemic and natural disasters. This is because of the long-term investments over the years. Going forward, we need everyone’s wisdom, experience and more importantly the positive attitude to cope with crisis and making more choices available to the people,” said Ayshanie Medagangoda-Labe, UNDP’s Resident Representative in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15727', 'image' => '20220913022112_HDI.jpg', 'article_date' => '2022-09-13 14:20:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15985', 'article_category_id' => '1', 'title' => 'Flight Schedule Affected due to Unavailability of Aviation Fuel outside Kathmandu', 'sub_title' => '', 'summary' => 'September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">September 13: Domestic airline companies of Nepal say that they are facing problems in arranging flight schedules due to the difficulty in availing aviation turbine fuel (ATF) for commercial flights. They said that the problems have surfaced as aviation fuel is not easily available in most of the airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Airline Operators Association of Nepal (AOAN) has drawn the attention of the government to this problem. The association has also requested the government to facilitate in supplying ATF to the airports in remote areas. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the AOAN said it has urged the Civil Aviation Authority of Nepal (CAAN) to avail aviation fuel in airports outside Kathmandu. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The association said that a situation has arisen where they can no longer operate commercial flights due to unavailability of fuel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement issued by AOAN says that they are facing scarcity of fuel when the festive season is just around the corner. The association further said that the passengers have been affected due to the unavailability of flights just ahead of the festivals when the airline companies were planning to provide reliable and safe flights during the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“In such a situation, the CAAN has been urged to avail aviation turbine fuel in airports outside Kathmandu as soon as possible,” reads the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dhangadhi-based depot of Nepal Oil Corporation had recently warned that there might be problems in supply of aviation fuel due to the protest launched by transport companies on September 2. The Dhangadhi depot has urged the NOC to avail fuel to the airline companies from Sinamangal-based depot until the situation normalizes. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The demand for fuel is high during the festive season. The transport companies have started their protest demanding a hike in transportation fare taking advantage of this situation.</span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15726', 'image' => '20220913010255_Airport.width-1024.jpg', 'article_date' => '2022-09-13 13:02:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15984', 'article_category_id' => '1', 'title' => 'Government to Provide Relief Materials to Pakistan ', 'sub_title' => '', 'summary' => 'September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">September 13: The Government of Nepal has decided to provide relief materials worth Rs 20 billion to Pakistan, which has been hit hard by floods and landslides. </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"">Issuing a press statement on Monday, Spokesperson at Ministry of Home Affairs, Phanindra Mani Pokhrel, confirmed that the government has decided to providing relief materials to Pakistan in view of the huge loss of lives and properties due to the recent floods and inundation in the neighbouring country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The relief materials are being provided as per the decision of the Council of Ministers on September 6. Nepal has also expressed condolence to the bereaved family members who lost their loves ones in the disaster, and wished for speedy recovery of the injured. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-09-13', 'modified' => '2022-09-13', 'keywords' => '', 'description' => '', 'sortorder' => '15725', 'image' => '20220913120558_Flag-Pins-Nepal-Pakistan.jpg', 'article_date' => '2022-09-13 12:05:25', '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
