August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every…
August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every…
August 16: Israel has decided to employ an additional 1,000 workers from…
August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting…
August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing.…
August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the…
August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority.…
August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet.…
August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or…
August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of…
August 15: The service seekers complain that they have to face unnecessary hassles for registration of…
August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for…
August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development…
August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming…
August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour…
August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise.…
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The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</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"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</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"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </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"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </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"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</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"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </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"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </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"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</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"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</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"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</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"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</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"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</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"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</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"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15791', 'article_category_id' => '1', 'title' => 'Company Registration Compliances Full of Hassles ', 'sub_title' => '', 'summary' => 'August 15: The service seekers complain that they have to face unnecessary hassles for registration of companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Although the Office of the Company Registrar has been established for the economic development of the country by promoting investment in the fields of industry, trade and business, individuals complain the office does not work according to its plans. The service seekers complain that they have to face unnecessary hassles for registration of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Individuals who reach the Company Registrar's Office to get new company registered or to renew the registration, and other services say they face lots of problems. As the services provided by the office are not available online, there is a large number of people at the office premises each day for registration and renewal of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Ramesh Prajapati of Bhaktapur, Katunje, who came for the registration of a new company, complained that he had to wait for hours due to the crowd and on top of that he had to pay bribes to get the work done. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The purpose of establishing the said office is to make the operation and administration of the company more accessible and simple, but it's just the opposite, he shared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The service seekers complain that they cannot see the names of the companies that have been registered in the office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> "Until some time ago, the name of the registered companies could be seen on the website of the office," said one of the service seekers, "Now it has been removed deliberately. So the service seekers have to visit the concerned field office repeatedly to make sure that the name of the company they want to register does not match with any other company that has already been registered.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prajapati thinks that there is no reason to keep the name of the registered company secret. Stating that a company needs a name just like a person needs a name after birth, he claimed that the system of not being able to see the name is causing unnecessary suffering to the service seekers. It is also fostering institutional corruption, he says. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He complains that the employees ask for bribes on the pretext of checking if the name of the new company matches with the already registered company. If the name of the registered company is placed on the website, the customers can choose a different name without any hassle.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The employees assigned to check the company names can be assigned with other works.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">However, the office which claims that it does not have enough staff, on the contrary, has now assigned staff for the work that the service seekers could do themselves in the past.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, another customer said that because the service provided by the office is not available online, there is a rush of 400/500 customers every day. He claimed that the bribed employees do not even seek bank statement to increase the paid-up capital.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">"Even though there is a provision that bank statements are required to increase the company's paid-up capital, after giving a bribe, the share price of the paid-up capital of any amount is approved," he said.</span></span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15532', 'image' => '20220815125803_1660515628.Clipboard02.jpg', 'article_date' => '2022-08-15 12:57:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15790', 'article_category_id' => '1', 'title' => 'New Peaks to be Opened for Climbing', 'sub_title' => '', 'summary' => 'August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Shrestha made such announcement while addressing the 32<sup>nd</sup> Annual General Meeting of the Nepal Mountaineering Association on Sunday.</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"">According to Minister Shrestha, government is planning to open new peaks within the range of 5,800 meters to 8,000 meters for climbing.</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""> "A study is being conducted on which peaks will be appropriate for opening so that it can also benefit the locals and improve their living standard. Climbing permits will be issued after analyzing the impacts,” said Shrestha.</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"">Minister Shrestha made it clear that the government is ready to remove any legal hurdles faced by the mountaineering sector.</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"">He further said that the government will no longer announce one-year plan for visiting Nepal but has decided to work for the overall development of the tourism sector by announcing the Tourism Decade from 2023 to 2033.</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"">“It is necessary to establish Nepal as a major tourism destination in the world,” said Shrestha, adding, “Nepal's mountains are alluring to foreign tourists. Besides the natural beauty, Nepal can also attract tourists through adventure sports and its rich cultural heritage.” </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"">Minister Shrestha said that the government is ready to move ahead by forging collaboration with the private sector for the development of tourism sector.</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"">On the occasion, Secretary at the tourism ministry Buddhi Sagar Lamichhane said that tourism is an important pillar of national economy and it will be strengthened by collaborating with private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice Chairperson of Nepal Tourism Board, Chandra Rijal, and Chairperson of Trekking Agencies' Association of Nepal, Khum Bahadur Subedi, stressed the need of effective collaboration and cooperation among the stakeholders to boost the tourism sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, 114 peaks including Mt Everest are open for climbing. Minister Shrestha shared that a 74-point plan was being enforced to revive the tourism sector hit hard by the COVID-19 pandemic. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15531', 'image' => '20220815115514_Tourist Arrival (1).jpeg', 'article_date' => '2022-08-15 11:54:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15789', 'article_category_id' => '1', 'title' => 'Government to Accept Rs 12.7 Billion from World Bank ', 'sub_title' => '', 'summary' => 'August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting on August 11 decided to accept the grant of approximately Rs 2.1 billion (2,256 million Japanese yen) provided by the Government of Japan for the restoration of irrigation system in eastern Nepal, said the government's spokesperson Gyanendra Bahadur Karki, who is also the Minister for Communications and Information Technology</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"">Speaking at a press conference organised on Sunday to make the decisions taken by the meeting public, Minister Karki said that the Council of Ministers also approved the new pay scale and grades under civil servants of all level as well as the Nepalese Army, Nepal Police, Armed Police Force, parliament service and teachers at community schools. The new pay scale has come into effect from 17 July, 2022. -- RSS</span></span></span><br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15530', 'image' => '20220815111548_World.jpg', 'article_date' => '2022-08-15 11:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15788', 'article_category_id' => '1', 'title' => 'Impacts of Election on the Economy', 'sub_title' => '', 'summary' => 'August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bijay Damase</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November. After the announcement of the election date, political parties have started gearing up for the general elections in every nook and corners of the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The election is believed to impact not only the country’s politics but also the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The political parties and election candidates spend a large amount of money during the election campaign, which is expected to increase economic activities. Some say it is a positive aspect of election while others argue that the excess of money in the market will cause inflation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Election Commission has estimated that the total cost of the election will be around Rs 10 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The amount will basically be spent on voter education, printing of voting materials, transportation of those materials and salary of those involved in conducting the election as well as security personnel, including temporary police. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to EC Spokesperson Shaligram Poudel, the commission has estimated the cost of election and had requested the Finance Ministry to release the required budget. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the finance ministry officials are still awaiting the cost estimates from various bodies before ascertaining the budget required for the election. They say that the exact cost of the local elections held in May is yet to be received. Home Ministry Spokesperson Dhundi Prasad Niraula says that they are yet to receive the cost estimates for the upcoming election.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had allocated a total of Rs 17 billion for the local elections. Deputy Spokesperson of the Election Commission Surya Prasad Aryal informed that the EC had initially demanded Rs 12 billion from the government for the local election but later revised the cost estimate to Rs 8.94 billion. The finance ministry released only Rs 8.11 billion back in May.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal claimed that the commission held the election with a budget of Rs 5 billion by reducing unnecessary expenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A senior official of the finance ministry believes that the entire cost of the upcoming election will reach between Rs 20 billion to Rs 30 billion by adding the cost of the EC, Home Ministry and other government agencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, it is not only the government that spends during the election. Political parties also loosen their wallets during the election campaigns. Although the EC fixes the ceiling for spending, the political parties hardly abide by the rule because it is not practical to force the spending limit during the election, says former secretary Bimal Wagle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the political parties have not been able to submit a report of their expenditure during the local elections held on May 13. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Another former secretary Gopi Nath Mainali says that the political parties breach the election code and spend excessively. He argues that the officials of the EC are appointed by the political parties and therefore they turn a blind eye to the spending of the parties. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He says that the election will have both positive and negative impacts in the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Economist Dilli Raj Khanal says that the election will reduce development budget. According to Khanal, the sudden release of large amount of money in the market is likely to cause inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He recalled to the excessive price hike in the market during the first Constituent Assembly election. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive aspect of the election is that it gives short-term employment to many people, says economist Khanal. He however, says that the election does not cause an overall economic growth because it is not possible to measure it. He says that the election will cause excessive liquidity in the market and also increase imports, thereby causing pressure in the foreign exchange reserves. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“There will be some positive impact in the overall GDP due to the increase in economic activities but it will have a negative impact in the economy due to imports,” says Khanal.</span></span></p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15529', 'image' => '20220814052350_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-08-14 17:22:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15787', 'article_category_id' => '1', 'title' => 'More than Eighteen Thousand Foreigners Acquire Labour Permits in Nepal', 'sub_title' => '', 'summary' => 'August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits. The number of foreigners visiting Nepal for formal employment is increasing in recent years, according to the Department of Labour and Occupational Safety. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that a total of 18,239 foreigners have acquired labour permits to work in Nepal so far. Among them, 16,044 are male and 2,195 are female. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the last fiscal year, the department issued labour permits to 2,181 foreigners. Among them, 950 had taken new permits while the remaining 1231 had renewed their work permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Most of the foreigners visiting Nepal for employment are from China. A total of 1,629 Chinese nationals were issued labour permits to work in Nepal during the last fiscal year (mid-July 2021 to mid-July 2022). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the same period, altogether 106 people from the UK were issued labour permits to work in Nepal while 86 from the USA, 61 from Japan and 57 from India were also issued labour permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a total of 886 foreigners have acquired labour permits in the first three months of the current fiscal year including 196 in the first month, 360 in the second month and 327 in the third month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the meantime, a parliamentary committee has shown concern regarding the employment of foreign nationals in Nepali industries. The Industry and Commerce and Labour and Consumer Welfare Committee of the federal parliament, after holding discussion with Labour Minister Sher Bahadur Kunwar, has issued a directive to the government to give priority to Nepali labourers and employ foreign nationals in the labour market only if it is absolutely necessary. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15528', 'image' => '20220814044404_postQueueImg_3-626bcca48a757.jpg', 'article_date' => '2022-08-14 16:43:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15786', 'article_category_id' => '1', 'title' => 'Azolla Helps Reduce Dependence on Urea by Fifty Percent', 'sub_title' => '', 'summary' => 'August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. ', 'content' => '<h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. However, the farmers face shortage of chemical fertilizers each year due to the inability of the government to supply the fertilizers. On the brighter side, experts say that urea consumption can be reduced up to 50 percent with the use of Azolla plant technology introduced lately in Nepal.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the experts, the cost of production of Azolla is cheap and its use does not have a negative impact on human health. The Azolla plant technology is adopted by countries like China, India, and the Philippines. Even in Nepal, the National Food Bank Limited successfully tested this technology in Gulariya Municipality of Bardia. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Prof Dr Mohan Prasad Panthi of the Central Department of Botany, Tribhuvan University, who is assisting in this work, only 50 kg of urea will be enough instead of 100 Kg urea requirement with the use of Azolla.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a type of fern that grows in water. Panthi says that it should be sprinkled in the crop field after the paddy is planted and rooted. It takes nitrogen from air and helps other plants growing with it to take the same nitrogen. Generally, it can be used within 1 week to 12 days after planting paddy in a water-filled field. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After Azolla spreads over the entire field, the water in the paddy field should be dried. According to studies, within a few days of that, Azolla will decompose and water can be added again.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla also helps in destroying other weeds growing in the paddy fields and keeping the soil moist and fertile. It can be produced by creating a water pond. Panthi says that 1 kg of Azolla plant can be produced in an easy way as the production will double within 15 days of keeping it in the pond.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to him, Azolla can be produced at the rate of 2 paisa per kg. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The most positive aspect of this plant is that it also plays a role in increasing the production of rice. Various researches have shown that rice production increased by 10 to 14 percent in the fields where Azolla was used,” he told New Business Age.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prof Dr Panthi added that Azolla can be dried and used in the feed of chickens and cattle, so it is considered as a multi-purpose plant. Using Azolla in feed improves the health of chickens and also increases the production of meat and egg. By feeding Azolla to cows and buffaloes mixed with sawdust or hay, milk production can also increased by 10 percent.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a free floating fern having 6 known species. Azolla Pinata is the most popular species in Asia. It ensures sufficient atmospheric nitrogen for rapid plant growth and also provides a source of organic nitrogen fertilizer to plants. It can be considered as an aqueous green manure. Recently, Azolla is emerging as an aspect of special interest in paddy cultivation.</span></span></span></span></h1> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15527', 'image' => '20220814030921_EDHr-e3VAAAbWgA.jpg', 'article_date' => '2022-08-14 15:07:50', '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
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The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</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"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</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"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </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"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </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"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</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"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </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"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </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"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</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"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</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"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</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"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</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"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</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"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</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"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15791', 'article_category_id' => '1', 'title' => 'Company Registration Compliances Full of Hassles ', 'sub_title' => '', 'summary' => 'August 15: The service seekers complain that they have to face unnecessary hassles for registration of companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Although the Office of the Company Registrar has been established for the economic development of the country by promoting investment in the fields of industry, trade and business, individuals complain the office does not work according to its plans. The service seekers complain that they have to face unnecessary hassles for registration of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Individuals who reach the Company Registrar's Office to get new company registered or to renew the registration, and other services say they face lots of problems. As the services provided by the office are not available online, there is a large number of people at the office premises each day for registration and renewal of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Ramesh Prajapati of Bhaktapur, Katunje, who came for the registration of a new company, complained that he had to wait for hours due to the crowd and on top of that he had to pay bribes to get the work done. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The purpose of establishing the said office is to make the operation and administration of the company more accessible and simple, but it's just the opposite, he shared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The service seekers complain that they cannot see the names of the companies that have been registered in the office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> "Until some time ago, the name of the registered companies could be seen on the website of the office," said one of the service seekers, "Now it has been removed deliberately. So the service seekers have to visit the concerned field office repeatedly to make sure that the name of the company they want to register does not match with any other company that has already been registered.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prajapati thinks that there is no reason to keep the name of the registered company secret. Stating that a company needs a name just like a person needs a name after birth, he claimed that the system of not being able to see the name is causing unnecessary suffering to the service seekers. It is also fostering institutional corruption, he says. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He complains that the employees ask for bribes on the pretext of checking if the name of the new company matches with the already registered company. If the name of the registered company is placed on the website, the customers can choose a different name without any hassle.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The employees assigned to check the company names can be assigned with other works.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">However, the office which claims that it does not have enough staff, on the contrary, has now assigned staff for the work that the service seekers could do themselves in the past.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, another customer said that because the service provided by the office is not available online, there is a rush of 400/500 customers every day. He claimed that the bribed employees do not even seek bank statement to increase the paid-up capital.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">"Even though there is a provision that bank statements are required to increase the company's paid-up capital, after giving a bribe, the share price of the paid-up capital of any amount is approved," he said.</span></span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15532', 'image' => '20220815125803_1660515628.Clipboard02.jpg', 'article_date' => '2022-08-15 12:57:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15790', 'article_category_id' => '1', 'title' => 'New Peaks to be Opened for Climbing', 'sub_title' => '', 'summary' => 'August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Shrestha made such announcement while addressing the 32<sup>nd</sup> Annual General Meeting of the Nepal Mountaineering Association on Sunday.</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"">According to Minister Shrestha, government is planning to open new peaks within the range of 5,800 meters to 8,000 meters for climbing.</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""> "A study is being conducted on which peaks will be appropriate for opening so that it can also benefit the locals and improve their living standard. Climbing permits will be issued after analyzing the impacts,” said Shrestha.</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"">Minister Shrestha made it clear that the government is ready to remove any legal hurdles faced by the mountaineering sector.</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"">He further said that the government will no longer announce one-year plan for visiting Nepal but has decided to work for the overall development of the tourism sector by announcing the Tourism Decade from 2023 to 2033.</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"">“It is necessary to establish Nepal as a major tourism destination in the world,” said Shrestha, adding, “Nepal's mountains are alluring to foreign tourists. Besides the natural beauty, Nepal can also attract tourists through adventure sports and its rich cultural heritage.” </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"">Minister Shrestha said that the government is ready to move ahead by forging collaboration with the private sector for the development of tourism sector.</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"">On the occasion, Secretary at the tourism ministry Buddhi Sagar Lamichhane said that tourism is an important pillar of national economy and it will be strengthened by collaborating with private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice Chairperson of Nepal Tourism Board, Chandra Rijal, and Chairperson of Trekking Agencies' Association of Nepal, Khum Bahadur Subedi, stressed the need of effective collaboration and cooperation among the stakeholders to boost the tourism sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, 114 peaks including Mt Everest are open for climbing. Minister Shrestha shared that a 74-point plan was being enforced to revive the tourism sector hit hard by the COVID-19 pandemic. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15531', 'image' => '20220815115514_Tourist Arrival (1).jpeg', 'article_date' => '2022-08-15 11:54:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15789', 'article_category_id' => '1', 'title' => 'Government to Accept Rs 12.7 Billion from World Bank ', 'sub_title' => '', 'summary' => 'August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting on August 11 decided to accept the grant of approximately Rs 2.1 billion (2,256 million Japanese yen) provided by the Government of Japan for the restoration of irrigation system in eastern Nepal, said the government's spokesperson Gyanendra Bahadur Karki, who is also the Minister for Communications and Information Technology</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"">Speaking at a press conference organised on Sunday to make the decisions taken by the meeting public, Minister Karki said that the Council of Ministers also approved the new pay scale and grades under civil servants of all level as well as the Nepalese Army, Nepal Police, Armed Police Force, parliament service and teachers at community schools. The new pay scale has come into effect from 17 July, 2022. -- RSS</span></span></span><br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15530', 'image' => '20220815111548_World.jpg', 'article_date' => '2022-08-15 11:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15788', 'article_category_id' => '1', 'title' => 'Impacts of Election on the Economy', 'sub_title' => '', 'summary' => 'August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bijay Damase</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November. After the announcement of the election date, political parties have started gearing up for the general elections in every nook and corners of the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The election is believed to impact not only the country’s politics but also the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The political parties and election candidates spend a large amount of money during the election campaign, which is expected to increase economic activities. Some say it is a positive aspect of election while others argue that the excess of money in the market will cause inflation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Election Commission has estimated that the total cost of the election will be around Rs 10 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The amount will basically be spent on voter education, printing of voting materials, transportation of those materials and salary of those involved in conducting the election as well as security personnel, including temporary police. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to EC Spokesperson Shaligram Poudel, the commission has estimated the cost of election and had requested the Finance Ministry to release the required budget. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the finance ministry officials are still awaiting the cost estimates from various bodies before ascertaining the budget required for the election. They say that the exact cost of the local elections held in May is yet to be received. Home Ministry Spokesperson Dhundi Prasad Niraula says that they are yet to receive the cost estimates for the upcoming election.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had allocated a total of Rs 17 billion for the local elections. Deputy Spokesperson of the Election Commission Surya Prasad Aryal informed that the EC had initially demanded Rs 12 billion from the government for the local election but later revised the cost estimate to Rs 8.94 billion. The finance ministry released only Rs 8.11 billion back in May.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal claimed that the commission held the election with a budget of Rs 5 billion by reducing unnecessary expenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A senior official of the finance ministry believes that the entire cost of the upcoming election will reach between Rs 20 billion to Rs 30 billion by adding the cost of the EC, Home Ministry and other government agencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, it is not only the government that spends during the election. Political parties also loosen their wallets during the election campaigns. Although the EC fixes the ceiling for spending, the political parties hardly abide by the rule because it is not practical to force the spending limit during the election, says former secretary Bimal Wagle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the political parties have not been able to submit a report of their expenditure during the local elections held on May 13. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Another former secretary Gopi Nath Mainali says that the political parties breach the election code and spend excessively. He argues that the officials of the EC are appointed by the political parties and therefore they turn a blind eye to the spending of the parties. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He says that the election will have both positive and negative impacts in the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Economist Dilli Raj Khanal says that the election will reduce development budget. According to Khanal, the sudden release of large amount of money in the market is likely to cause inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He recalled to the excessive price hike in the market during the first Constituent Assembly election. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive aspect of the election is that it gives short-term employment to many people, says economist Khanal. He however, says that the election does not cause an overall economic growth because it is not possible to measure it. He says that the election will cause excessive liquidity in the market and also increase imports, thereby causing pressure in the foreign exchange reserves. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“There will be some positive impact in the overall GDP due to the increase in economic activities but it will have a negative impact in the economy due to imports,” says Khanal.</span></span></p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15529', 'image' => '20220814052350_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-08-14 17:22:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15787', 'article_category_id' => '1', 'title' => 'More than Eighteen Thousand Foreigners Acquire Labour Permits in Nepal', 'sub_title' => '', 'summary' => 'August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits. The number of foreigners visiting Nepal for formal employment is increasing in recent years, according to the Department of Labour and Occupational Safety. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that a total of 18,239 foreigners have acquired labour permits to work in Nepal so far. Among them, 16,044 are male and 2,195 are female. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the last fiscal year, the department issued labour permits to 2,181 foreigners. Among them, 950 had taken new permits while the remaining 1231 had renewed their work permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Most of the foreigners visiting Nepal for employment are from China. A total of 1,629 Chinese nationals were issued labour permits to work in Nepal during the last fiscal year (mid-July 2021 to mid-July 2022). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the same period, altogether 106 people from the UK were issued labour permits to work in Nepal while 86 from the USA, 61 from Japan and 57 from India were also issued labour permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a total of 886 foreigners have acquired labour permits in the first three months of the current fiscal year including 196 in the first month, 360 in the second month and 327 in the third month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the meantime, a parliamentary committee has shown concern regarding the employment of foreign nationals in Nepali industries. The Industry and Commerce and Labour and Consumer Welfare Committee of the federal parliament, after holding discussion with Labour Minister Sher Bahadur Kunwar, has issued a directive to the government to give priority to Nepali labourers and employ foreign nationals in the labour market only if it is absolutely necessary. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15528', 'image' => '20220814044404_postQueueImg_3-626bcca48a757.jpg', 'article_date' => '2022-08-14 16:43:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15786', 'article_category_id' => '1', 'title' => 'Azolla Helps Reduce Dependence on Urea by Fifty Percent', 'sub_title' => '', 'summary' => 'August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. ', 'content' => '<h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. However, the farmers face shortage of chemical fertilizers each year due to the inability of the government to supply the fertilizers. On the brighter side, experts say that urea consumption can be reduced up to 50 percent with the use of Azolla plant technology introduced lately in Nepal.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the experts, the cost of production of Azolla is cheap and its use does not have a negative impact on human health. The Azolla plant technology is adopted by countries like China, India, and the Philippines. Even in Nepal, the National Food Bank Limited successfully tested this technology in Gulariya Municipality of Bardia. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Prof Dr Mohan Prasad Panthi of the Central Department of Botany, Tribhuvan University, who is assisting in this work, only 50 kg of urea will be enough instead of 100 Kg urea requirement with the use of Azolla.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a type of fern that grows in water. Panthi says that it should be sprinkled in the crop field after the paddy is planted and rooted. It takes nitrogen from air and helps other plants growing with it to take the same nitrogen. Generally, it can be used within 1 week to 12 days after planting paddy in a water-filled field. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After Azolla spreads over the entire field, the water in the paddy field should be dried. According to studies, within a few days of that, Azolla will decompose and water can be added again.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla also helps in destroying other weeds growing in the paddy fields and keeping the soil moist and fertile. It can be produced by creating a water pond. Panthi says that 1 kg of Azolla plant can be produced in an easy way as the production will double within 15 days of keeping it in the pond.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to him, Azolla can be produced at the rate of 2 paisa per kg. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The most positive aspect of this plant is that it also plays a role in increasing the production of rice. Various researches have shown that rice production increased by 10 to 14 percent in the fields where Azolla was used,” he told New Business Age.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prof Dr Panthi added that Azolla can be dried and used in the feed of chickens and cattle, so it is considered as a multi-purpose plant. Using Azolla in feed improves the health of chickens and also increases the production of meat and egg. By feeding Azolla to cows and buffaloes mixed with sawdust or hay, milk production can also increased by 10 percent.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a free floating fern having 6 known species. Azolla Pinata is the most popular species in Asia. It ensures sufficient atmospheric nitrogen for rapid plant growth and also provides a source of organic nitrogen fertilizer to plants. It can be considered as an aqueous green manure. Recently, Azolla is emerging as an aspect of special interest in paddy cultivation.</span></span></span></span></h1> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15527', 'image' => '20220814030921_EDHr-e3VAAAbWgA.jpg', 'article_date' => '2022-08-14 15:07:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15800', 'article_category_id' => '1', 'title' => 'Preparation for 6th NewBiz B Schools Rating, Ranking and Awards Complete', 'sub_title' => '', 'summary' => 'August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 16: Preparations have been completed for the sixth edition of the Newbiz B-Schools Ratings, Ranking and Awards, an annual event which organized by New Business Age Pvt Ltd every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the organizers, the best colleges will be awarded in four different categories from among more than 2,300 business schools across the country.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A total of 16 colleges will be awarded in four different categories in the award distribution event to be held on August 17. The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</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"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</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"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </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"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </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"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</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"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </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"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </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"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</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"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</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"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</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"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</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"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</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"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</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"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15791', 'article_category_id' => '1', 'title' => 'Company Registration Compliances Full of Hassles ', 'sub_title' => '', 'summary' => 'August 15: The service seekers complain that they have to face unnecessary hassles for registration of companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Although the Office of the Company Registrar has been established for the economic development of the country by promoting investment in the fields of industry, trade and business, individuals complain the office does not work according to its plans. The service seekers complain that they have to face unnecessary hassles for registration of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Individuals who reach the Company Registrar's Office to get new company registered or to renew the registration, and other services say they face lots of problems. As the services provided by the office are not available online, there is a large number of people at the office premises each day for registration and renewal of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Ramesh Prajapati of Bhaktapur, Katunje, who came for the registration of a new company, complained that he had to wait for hours due to the crowd and on top of that he had to pay bribes to get the work done. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The purpose of establishing the said office is to make the operation and administration of the company more accessible and simple, but it's just the opposite, he shared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The service seekers complain that they cannot see the names of the companies that have been registered in the office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> "Until some time ago, the name of the registered companies could be seen on the website of the office," said one of the service seekers, "Now it has been removed deliberately. So the service seekers have to visit the concerned field office repeatedly to make sure that the name of the company they want to register does not match with any other company that has already been registered.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prajapati thinks that there is no reason to keep the name of the registered company secret. Stating that a company needs a name just like a person needs a name after birth, he claimed that the system of not being able to see the name is causing unnecessary suffering to the service seekers. It is also fostering institutional corruption, he says. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He complains that the employees ask for bribes on the pretext of checking if the name of the new company matches with the already registered company. If the name of the registered company is placed on the website, the customers can choose a different name without any hassle.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The employees assigned to check the company names can be assigned with other works.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">However, the office which claims that it does not have enough staff, on the contrary, has now assigned staff for the work that the service seekers could do themselves in the past.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, another customer said that because the service provided by the office is not available online, there is a rush of 400/500 customers every day. He claimed that the bribed employees do not even seek bank statement to increase the paid-up capital.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">"Even though there is a provision that bank statements are required to increase the company's paid-up capital, after giving a bribe, the share price of the paid-up capital of any amount is approved," he said.</span></span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15532', 'image' => '20220815125803_1660515628.Clipboard02.jpg', 'article_date' => '2022-08-15 12:57:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15790', 'article_category_id' => '1', 'title' => 'New Peaks to be Opened for Climbing', 'sub_title' => '', 'summary' => 'August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Shrestha made such announcement while addressing the 32<sup>nd</sup> Annual General Meeting of the Nepal Mountaineering Association on Sunday.</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"">According to Minister Shrestha, government is planning to open new peaks within the range of 5,800 meters to 8,000 meters for climbing.</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""> "A study is being conducted on which peaks will be appropriate for opening so that it can also benefit the locals and improve their living standard. Climbing permits will be issued after analyzing the impacts,” said Shrestha.</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"">Minister Shrestha made it clear that the government is ready to remove any legal hurdles faced by the mountaineering sector.</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"">He further said that the government will no longer announce one-year plan for visiting Nepal but has decided to work for the overall development of the tourism sector by announcing the Tourism Decade from 2023 to 2033.</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"">“It is necessary to establish Nepal as a major tourism destination in the world,” said Shrestha, adding, “Nepal's mountains are alluring to foreign tourists. Besides the natural beauty, Nepal can also attract tourists through adventure sports and its rich cultural heritage.” </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"">Minister Shrestha said that the government is ready to move ahead by forging collaboration with the private sector for the development of tourism sector.</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"">On the occasion, Secretary at the tourism ministry Buddhi Sagar Lamichhane said that tourism is an important pillar of national economy and it will be strengthened by collaborating with private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice Chairperson of Nepal Tourism Board, Chandra Rijal, and Chairperson of Trekking Agencies' Association of Nepal, Khum Bahadur Subedi, stressed the need of effective collaboration and cooperation among the stakeholders to boost the tourism sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, 114 peaks including Mt Everest are open for climbing. Minister Shrestha shared that a 74-point plan was being enforced to revive the tourism sector hit hard by the COVID-19 pandemic. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15531', 'image' => '20220815115514_Tourist Arrival (1).jpeg', 'article_date' => '2022-08-15 11:54:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15789', 'article_category_id' => '1', 'title' => 'Government to Accept Rs 12.7 Billion from World Bank ', 'sub_title' => '', 'summary' => 'August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting on August 11 decided to accept the grant of approximately Rs 2.1 billion (2,256 million Japanese yen) provided by the Government of Japan for the restoration of irrigation system in eastern Nepal, said the government's spokesperson Gyanendra Bahadur Karki, who is also the Minister for Communications and Information Technology</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"">Speaking at a press conference organised on Sunday to make the decisions taken by the meeting public, Minister Karki said that the Council of Ministers also approved the new pay scale and grades under civil servants of all level as well as the Nepalese Army, Nepal Police, Armed Police Force, parliament service and teachers at community schools. The new pay scale has come into effect from 17 July, 2022. -- RSS</span></span></span><br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15530', 'image' => '20220815111548_World.jpg', 'article_date' => '2022-08-15 11:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15788', 'article_category_id' => '1', 'title' => 'Impacts of Election on the Economy', 'sub_title' => '', 'summary' => 'August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bijay Damase</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November. After the announcement of the election date, political parties have started gearing up for the general elections in every nook and corners of the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The election is believed to impact not only the country’s politics but also the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The political parties and election candidates spend a large amount of money during the election campaign, which is expected to increase economic activities. Some say it is a positive aspect of election while others argue that the excess of money in the market will cause inflation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Election Commission has estimated that the total cost of the election will be around Rs 10 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The amount will basically be spent on voter education, printing of voting materials, transportation of those materials and salary of those involved in conducting the election as well as security personnel, including temporary police. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to EC Spokesperson Shaligram Poudel, the commission has estimated the cost of election and had requested the Finance Ministry to release the required budget. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the finance ministry officials are still awaiting the cost estimates from various bodies before ascertaining the budget required for the election. They say that the exact cost of the local elections held in May is yet to be received. Home Ministry Spokesperson Dhundi Prasad Niraula says that they are yet to receive the cost estimates for the upcoming election.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had allocated a total of Rs 17 billion for the local elections. Deputy Spokesperson of the Election Commission Surya Prasad Aryal informed that the EC had initially demanded Rs 12 billion from the government for the local election but later revised the cost estimate to Rs 8.94 billion. The finance ministry released only Rs 8.11 billion back in May.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal claimed that the commission held the election with a budget of Rs 5 billion by reducing unnecessary expenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A senior official of the finance ministry believes that the entire cost of the upcoming election will reach between Rs 20 billion to Rs 30 billion by adding the cost of the EC, Home Ministry and other government agencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, it is not only the government that spends during the election. Political parties also loosen their wallets during the election campaigns. Although the EC fixes the ceiling for spending, the political parties hardly abide by the rule because it is not practical to force the spending limit during the election, says former secretary Bimal Wagle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the political parties have not been able to submit a report of their expenditure during the local elections held on May 13. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Another former secretary Gopi Nath Mainali says that the political parties breach the election code and spend excessively. He argues that the officials of the EC are appointed by the political parties and therefore they turn a blind eye to the spending of the parties. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He says that the election will have both positive and negative impacts in the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Economist Dilli Raj Khanal says that the election will reduce development budget. According to Khanal, the sudden release of large amount of money in the market is likely to cause inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He recalled to the excessive price hike in the market during the first Constituent Assembly election. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive aspect of the election is that it gives short-term employment to many people, says economist Khanal. He however, says that the election does not cause an overall economic growth because it is not possible to measure it. He says that the election will cause excessive liquidity in the market and also increase imports, thereby causing pressure in the foreign exchange reserves. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“There will be some positive impact in the overall GDP due to the increase in economic activities but it will have a negative impact in the economy due to imports,” says Khanal.</span></span></p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15529', 'image' => '20220814052350_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-08-14 17:22:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15787', 'article_category_id' => '1', 'title' => 'More than Eighteen Thousand Foreigners Acquire Labour Permits in Nepal', 'sub_title' => '', 'summary' => 'August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits. The number of foreigners visiting Nepal for formal employment is increasing in recent years, according to the Department of Labour and Occupational Safety. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that a total of 18,239 foreigners have acquired labour permits to work in Nepal so far. Among them, 16,044 are male and 2,195 are female. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the last fiscal year, the department issued labour permits to 2,181 foreigners. Among them, 950 had taken new permits while the remaining 1231 had renewed their work permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Most of the foreigners visiting Nepal for employment are from China. A total of 1,629 Chinese nationals were issued labour permits to work in Nepal during the last fiscal year (mid-July 2021 to mid-July 2022). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the same period, altogether 106 people from the UK were issued labour permits to work in Nepal while 86 from the USA, 61 from Japan and 57 from India were also issued labour permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a total of 886 foreigners have acquired labour permits in the first three months of the current fiscal year including 196 in the first month, 360 in the second month and 327 in the third month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the meantime, a parliamentary committee has shown concern regarding the employment of foreign nationals in Nepali industries. The Industry and Commerce and Labour and Consumer Welfare Committee of the federal parliament, after holding discussion with Labour Minister Sher Bahadur Kunwar, has issued a directive to the government to give priority to Nepali labourers and employ foreign nationals in the labour market only if it is absolutely necessary. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15528', 'image' => '20220814044404_postQueueImg_3-626bcca48a757.jpg', 'article_date' => '2022-08-14 16:43:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15786', 'article_category_id' => '1', 'title' => 'Azolla Helps Reduce Dependence on Urea by Fifty Percent', 'sub_title' => '', 'summary' => 'August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. ', 'content' => '<h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. However, the farmers face shortage of chemical fertilizers each year due to the inability of the government to supply the fertilizers. On the brighter side, experts say that urea consumption can be reduced up to 50 percent with the use of Azolla plant technology introduced lately in Nepal.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the experts, the cost of production of Azolla is cheap and its use does not have a negative impact on human health. The Azolla plant technology is adopted by countries like China, India, and the Philippines. Even in Nepal, the National Food Bank Limited successfully tested this technology in Gulariya Municipality of Bardia. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Prof Dr Mohan Prasad Panthi of the Central Department of Botany, Tribhuvan University, who is assisting in this work, only 50 kg of urea will be enough instead of 100 Kg urea requirement with the use of Azolla.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a type of fern that grows in water. Panthi says that it should be sprinkled in the crop field after the paddy is planted and rooted. It takes nitrogen from air and helps other plants growing with it to take the same nitrogen. Generally, it can be used within 1 week to 12 days after planting paddy in a water-filled field. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After Azolla spreads over the entire field, the water in the paddy field should be dried. According to studies, within a few days of that, Azolla will decompose and water can be added again.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla also helps in destroying other weeds growing in the paddy fields and keeping the soil moist and fertile. It can be produced by creating a water pond. Panthi says that 1 kg of Azolla plant can be produced in an easy way as the production will double within 15 days of keeping it in the pond.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to him, Azolla can be produced at the rate of 2 paisa per kg. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The most positive aspect of this plant is that it also plays a role in increasing the production of rice. Various researches have shown that rice production increased by 10 to 14 percent in the fields where Azolla was used,” he told New Business Age.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prof Dr Panthi added that Azolla can be dried and used in the feed of chickens and cattle, so it is considered as a multi-purpose plant. Using Azolla in feed improves the health of chickens and also increases the production of meat and egg. By feeding Azolla to cows and buffaloes mixed with sawdust or hay, milk production can also increased by 10 percent.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a free floating fern having 6 known species. Azolla Pinata is the most popular species in Asia. It ensures sufficient atmospheric nitrogen for rapid plant growth and also provides a source of organic nitrogen fertilizer to plants. It can be considered as an aqueous green manure. Recently, Azolla is emerging as an aspect of special interest in paddy cultivation.</span></span></span></span></h1> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15527', 'image' => '20220814030921_EDHr-e3VAAAbWgA.jpg', 'article_date' => '2022-08-14 15:07:50', '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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The organizers informed that three best colleges for MBA/MBS, three each for BBA/BBS, three best colleges for BHM and one college from each of the seven provinces will be honored during the event. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Among them, one best college in the first three categories will be given trophies and certificates, while certificates will be distributed to the second and third-position holders. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, certificates will be given to the best colleges in each province. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">A panel discussion among experts on the topic of 'Future of Management Education' is also scheduled during the programme.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">An independent jury consisting of experts from various fields have selected the best school after phase-wise evaluation. According to the jury, 602 out of 2,300 schools were shortlisted based on the website of the schools. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Around 300 schools were selected in the second stage based on the school's mission, vision and slogan. A total of 57 schools were selected in the third round on the basis of five years of operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the jury, quality and standard, educational infrastructure, quality of academic activities, student-led activities, entrepreneurship promotion programme, relationship with real professional organizations, and employment opportunities were taken into consideration while selecting the school for the awards.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The main sponsor of the program is Prabhu Bank Limited, while Yamaha, Mahalaxmi Bikas Bank Ltd, Tata Nexon, Everest Bank, Hama Steel, United Insurance, DishHome Fiber Net and Nepali Patro are the co-sponsors of the event.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-17', 'keywords' => '', 'description' => '', 'sortorder' => '15541', 'image' => '20220817124758_166071w3698.jpg', 'article_date' => '2022-08-16 14:12:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15799', 'article_category_id' => '1', 'title' => 'Israel to Hire Additional One Thousand Workers from Nepal', 'sub_title' => '', 'summary' => 'August 16: Israel has decided to employ an additional 1,000 workers from Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Israel has decided to employ an additional 1,000 workers from Nepal. Israel’s ambassador to Nepal Hanan Goder informed Minister for Labour, Employment and Social Security Sher Bahadur Kunwar about the decision to hire the workers during a meeting on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Ambassador Goder said that the Government of Israel had taken a decision on Sunday (August 14) to employ 1,000 workers from Nepal in the field of agriculture. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ambassador Goder also informed that the Government of Israel has selected 1147 workers from among 9699 applicants who had applied for jobs in Israel earlier. According to the ambassador, the Government of Israel is in the process of taking the selected workers to Israel.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Minister Kunwar thanked Ambassador Goder for all kinds of support extended by the Government of Israel to Nepal. He also requested the ambassador for further support in sectors like agriculture, tourism and industry. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the meeting, Labour Minister Kunwar also informed the ambassador that the Government of Nepal has recently adopted a policy for re-integration of returnee migrant workers and urged for help from investors in Israel for this programme. He also informed Ambassador Goder that lots of Nepalis are aspiring to work in Israel and requested him to expedite the process.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Earlier in July 2021, the government of Israel had announced vacancy for 1,000 workers from Nepal for the health sector. The two countries then signed a bilateral agreement on September 30, 2021 and a ‘protocol’ to send Nepali workers to Israel was finalized a month later to send workers to Israel. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The protocol mentions about issues like the process of sending workers to Israel, their qualification, perks and benefits in accordance to the labour agreement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Back then, it was also agreed that the Nepali workers will get opportunities to work in hotels and restaurants, agriculture sector, construction works among others in Israel besides the health sector. As per the agreement, Israel has now opened vacancy for the agriculture sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepali workers willing to go to Israel for work will have to pay the visa fee, medical test fee as well as orientation charge and a certain amount to the welfare fund themselves, as per the protocol.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nepal had also signed a labour pact with Israel in 2015. Back then, very few Nepalis had gone to Israel for work. Israel had agreed to take nurses and care givers having three months of training but the agreement could not be implemented for a long time.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15540', 'image' => '20220816011235_1660629825.थप १ हजार नेपाली कामदार लैजाँदै इजरायल.jpg', 'article_date' => '2022-08-16 13:11:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15798', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Destination among Foreign Tourists', 'sub_title' => '', 'summary' => 'August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 16: Of late, Manang district is becoming the preferred destination of foreign tourists visiting Nepal. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Majority of tourists visiting Nepal are found to have arrived here with the specific plan of visiting Manang district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">This place has become a favorite destination among the foreign tourists due to its organic food, natural landscape, cultural heritage and captivating environment. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the state-owned national news agency RSS, foreign tourists arrive here with an itinerary of visiting Manang. It has become the most preferred choice among the trekkers who come here to visit the Tilicho Lake, which is the highest-altitude lake in Nepal, and the Thorang-La Pass. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The arrival of tourists had come to a standstill for almost two years after the outbreak of the Covid-19 pandemic. However, the arrival of tourists improved last year following a decline in infection rate. Thereafter, the number of tourists visiting Manang has also increased.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The number of tourists visiting Manang in Fiscal Year 2021/22 was higher than the number in FY 2020/21. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the total 285,363 foreign tourists who arrived in Nepal during the last fiscal year (FY 2021/22), a total of 7,020 tourists visited Manang. Among them, 4,749 were male and 2,271 were female, informed Lekhnath Gautam, chief of the Annapurna Area Conservation Project (ACAP). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Gautam, most of the tourists visited Manang in the months of Kartik (mid-October to mid-November), Chaitra (mid-March to mid-April) and Baishakh (mid-April to mid-May). The data was based on the entry permits issued to the tourists at ACAP checkpoint in Dharapani, RSS reported.</span></span></p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15539', 'image' => '20220816121442_Manang.jpg', 'article_date' => '2022-08-16 12:14:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15797', 'article_category_id' => '1', 'title' => 'NRB Issues Fresh Warning against Crypto-Currency, Hyper Fund', 'sub_title' => '', 'summary' => 'August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 16: Nepal Rastra Bank (NRB) has once again warned the general public not to engage in transactions involving crypto-currency, virtual currency, hyper fund and network marketing. Issuing a notice on Monday, the central bank made it clear that such business in illegal in Nepal.</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"">This is the fourth time that the central bank has issued such notice for the welfare of the public stating that such transactions are not legally recognized and are not guaranteed by the Government of Nepal.</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"">NRB argued that the general public can be duped while dealing with crypto-currency. There is also the risk of capital flight, the NRB notice said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The central bank also reminded that transactions involving crypto-currency, virtual currency including Stablecoins and network marketing (pyramid business) as well as hyper funds have high risks of money laundering, funding terrorism, and tax evasion. The notice further says that such transactions do not guarantee return of investment and also causes price instability. </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"">Therefore, the NRB has warned all the Nepali citizens as well as foreigners residing in Nepal and all the firms registered in Nepal and operating within the country and abroad not to get involved in such activities. The central bank has warned of stern action if any of them are found involved in this illegal business.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-16', 'modified' => '2022-08-16', 'keywords' => '', 'description' => '', 'sortorder' => '15538', 'image' => '20220816103615_Cryptoshutterstock_1434643079.jpg', 'article_date' => '2022-08-16 10:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15796', 'article_category_id' => '1', 'title' => '10-Member Expert Group Formed to Study Nijgadh Airport', 'sub_title' => '', 'summary' => 'August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 15: The government has formed an expert group to study the prospect of an international airport in Nijgadh, Bara after the full text of Supreme Court verdict on the disputed issue ruled that an international airport can be built in the district.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">An expert group of 10 people has been formed under the coordination of former Director General of the Nepal Civil Aviation Authority of Nepal, Birendra Deuja. The expert panel has been mandated to submit a report within one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">On 15 June, after the Supreme Court ruled in favour of the government that an airport can be built in Nijgadh on certain conditions. A meeting of the Council of Ministers then decided to form the group for further study. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, the group has been formed which includes air infrastructure experts, anthropologists, as well as experts on wildlife, urban as well as air route, said Jagannath Niraula, spokesperson of Nepal Civil Aviation Authority of Nepal. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">He said that the group has been formed for the construction of the airport in accordance with Supreme Court verdict following the decision of the Council of Ministers a few days ago.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The report will be prepared within a month and then the airport construction process will start. The Supreme Court had issued a mandamus order on May 26 telling the government not to build an airport in Nijgadh almost three decades after the government had completed the study and initiated the process of acquiring land for the construction of the airport.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In the midst of confusion about whether or not to build an airport in Nijgadh, the government mentioned in the budget announcement for the current fiscal year that an airport would be built in Nijgadh. After some time, the full text of the Supreme Court's decision was made public which was also supportive of the idea of building an airport in Nijgadh using minimum forest area.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">A month and a half after the full text of the Supreme Court was released, the government formed an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Earlier, a petition was filed in the Supreme Court saying that the construction of the airport would cause great damage to the environment. However, the Supreme Court issued a full text stating that an airport can be built at the same location with minimal environmental damage.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif""> In the full text of the Supreme Court states that the government can form a group of neutral, impartial and skilled experts with expertise in the fields of environment, forest, wildlife, air service management, economists, sociologists, and administrators to find a way to reduce the environmental damage in all possible ways regarding the feasibility study of the economic and technical aspects of conducting flights.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Accordingly, Deuja, who is also an air infrastructure expert, is the coordinator of the expert group formed by the ministry. Economist Rameshwar Khanal, infrastructure expert Prof Dr Suryaraj Acharya, urban developer Prof Dr Sangeeta Singh, wildlife expert Prem Bahadur Budha are members of the group. Similarly, members of the expert group also include forestry expert Suresh Kumar Ghimire, anthropologist/sociologist Dr. Lakshmi Singh, senior pilot Captain Krishna Bikram Paudel Kshatri, senior lawyer Dr. Chandrakant Gyawali and air route expert Mahesh Kumar Basnet.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">It has been mentioned in the full text that it is necessary to make sure that an international airport should be built by considering the recommendations made in a report by an expert group. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">"It is believed that by fulfilling these conditions, there will be only minimal environmental damage and the construction of an airport at a location that is considered suitable from a technical point of view can be undertaken," the full text of Supreme Court verdict reads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Almost 3 decades of time and more than Rs 1 billion have been spent on this project, including studies.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">In point 57 of the policy and programmes for the current fiscal year, it is mentioned that the investment and construction of Nijgadh International Airport will be finalized so that the construction work will start from the year 2080/81.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15537', 'image' => '20220815054537_20220605082424_Environment (4).jpg', 'article_date' => '2022-08-15 17:44:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15795', 'article_category_id' => '1', 'title' => 'Insurance Authority to Regulate Insurance Sector', 'sub_title' => '', 'summary' => 'August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government is preparing to regulate the insurance sector by the proposed Insurance Authority. A meeting of the House of Representatives on Sunday passed the Insurance Bill 2079, that has provision of forming the Insurance Authority, by majority votes.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill will be implemented as a law once it gets passed by the National Assembly and is authenticated by the president.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The bill that was registered in the lower house in 2018 by the then Finance Minister Yuba Raj Khatiwada has been passed by the parliament after four years. </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"">Deliberations on the bill started since August 6, 2018. The Finance Committee of parliament then began clause-wise deliberations on the bill on December 3 the same year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">However, the bill was stalled for a long time due to the dispute over the continuity of the tenure of the then chairman of the Insurance Board and other board members.</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"">Lawmakers registered a total of 85 amendment proposals but the committee amended 124 points in the bill. Finally, finance minister Janardan Sharma on Sunday presented the bill with the report of the committee in parliament. The amendments made by the committee was included in the final draft of the bill. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The amended bill has also resolved the issue of the terms of the chairman and board members of the Insurance Board. The bill has a provision to give continuity to the chairman of the board and other board members in the proposed authority. </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"">Prior to this, there was a provision to appoint a new chairman and the board members. The then chairman of the Insurance Board Chiranjivi Chapagain has protested against such provision. Due to the dispute between Chapagain and Khatiwada, the discussion on the bill was prolonged.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the bill also has provision for establishing a separate Insurance Development Fund to increase the access of insurance in rural areas and among the poor people. </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"">One third of the regulatory charge of the insurance companies will have to be deposited in the fund. The fund will then be used for increasing access to insurance among the people of rural areas with low income and to organize orientation programmes. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The initial draft of the bill registered fours ago didn’t have the provision of setting up such fund. It was decided to set up the fun as per the suggestions of the lawmakers during the deliberation process. The committee has also reduced the regulatory fees that the insurance companies are obliged to pay. The initial draft of the bill had proposed insurance companies to pay 0.75 percent of the total insurance premium as regulatory fee every year. But the committee has lowered it to 0.50 percent. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15536', 'image' => '20220815052136_Insurance.jpg', 'article_date' => '2022-08-15 17:20:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15793', 'article_category_id' => '1', 'title' => 'Tatopani Customs Closed due to Rising Infection in Tibet', 'sub_title' => '', 'summary' => 'August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">August 15: The Chinese government has stopped importing and exporting goods through the Tatopani customs due to the increase in infection rate of Covid-19 in various parts of Tibet. Head of Tatopani Dry Port Customs Office Narad Gautam said that the foreign trade through this checkpoint has come to a complete halt due to the one-way closure of the border. There is no information about when it will be operational, said Gautam.</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"">"No goods have been imported from China since the last four days," he said while talking to the New Business Age on Saturday, "The Chinese authorities have not given us any information on this matter either." There is confusion as to when the border will be opened.</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"">Chief District Officer Bednidhi Khanal said that they have received information that the import has been stopped due to the increase in Covid-19 infection in Tibet. "There have been reports of more than 50 cases of Covid-19 in Khasa region," he said.</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"">Since the onset of Covid-19, the Tatopani customs has been operating one way. Trade between Nepal and China has been affected due to the border not being fully operational. Some time ago, the local administrations of both the countries had agreed to increase the import of goods through the border. However, after the rise in coronavirus cases in China again has halted the import from the border.</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"">On Friday, Speaker Agni Prasad Sapkota discussed with the Chinese ambassador to Nepal, Hou Yanqhi, to reopen the border checkpoint. The speaker's press advisor Shridhar Neupane informed that there was a discussion regarding opening trade channels between the two countries during the meeting.</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"">In the meeting, Ambassador Yanqhi said that Nepal is a good neighbor of China, praised Nepal's commitment to the one-China policy, and said China is always positive about border operations. Before the Tatopani customs was closed, four to eight containers of Chinese goods were imported into Nepal daily. Apples, machinery equipment, and readymade clothes were basically imported through the border point.</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"">Due to disasters such as landslides, earthquakes, floods, and coronavirus pandemic, the Tatopani border is being closed and opened time and again. The Sindhupalchok Chamber of Commerce and the Nepal Himalayan Cross Border Trade Association have repeatedly drawn the attention of the Nepalese government to fully operate the border checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15535', 'image' => '20220815013114_Tatopani.jpg', 'article_date' => '2022-08-15 13:30:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15794', 'article_category_id' => '1', 'title' => 'SEBON Preparing to Halt Share Transactions of Merging Companies for only 15 Days', 'sub_title' => '', 'summary' => 'August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: The Securities Board of Nepal (SEBON) is preparing to halt the share trading of companies listed in the secondary market for a maximum of 15 working days if they opt for the process of merger or acquisition. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">This provision is included in the initial draft of the Guidelines for Merger and Acquisition of Organized Institutions 2079 prepared by the board. If the final draft of the guidelines is prepared according to the proposal of the board, the share transaction of the listed companies will only be stopped for a maximum of 15 days during merger or acquisition.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the preliminary draft of the directive to maintain the period for completion of the merger or acquisition process within six months. The board has released the initial draft of the guidelines and has asked for suggestions from the stakeholders.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal showed special interest in reducing the delay in share transaction after investors expressed their dissatisfaction regarding the suspension of share trading of listed companies for a long time during the merger and acquisition process.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There are instances of companies being suspended for a long time from share trading in the name of merger or acquisition. Due to this, the people who have invested in the shares of the listed company, no matter how big the financial problems are, cannot avoid the risk by selling the shares. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal argued that shares should not be withheld for a long time during the merger and acquisition process. Due to his initiative, a new provision has been prepared for the suspension of share trading during the merger and acquisition process. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Hamal had discussed this issue with Nepal Rastra Bank and said that such arrangement should be amended. Accordingly, Nepal Rastra Bank has given the board the authority to decide on the period of suspension of share trading. Accordingly, the board prepared a draft of the guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks and financial institutions have the largest share of companies listed in the secondary market. Through this year's monetary policy, Nepal Rastra Bank has abolished the existing provision of suspending share trading for merger and acquisition purposes and has made arrangements to comply with the regulation of SEBON.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision in the draft, from the date of commencement of integrated transaction, the merging organizations must be suspended for a maximum of 15 working days for work such as stock matching, re-registration of securities, dematerialization and listing of securities. In addition, the board is preparing to make a provision that if the name of the organization is not changed, the share trading of the organization will not be stopped.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15534', 'image' => '20220815042810_merger.jpg', 'article_date' => '2022-08-15 16:27:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15792', 'article_category_id' => '1', 'title' => '1700 Vehicles Pile up at Birgunj Customs', 'sub_title' => '', 'summary' => 'August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Vehicles are piling up at Birgunj customs due to the strict import policy of government and lack of liquidity. The government chose this measure in order to solve the pressure on the foreign exchange reserves, compelling the banks to stop credit investment for the purchase of luxury vehicles.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Since there is no demand for new vehicles in the market, the importers have not cleared the vehicles from the customs office. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Harihar Paudel, Chief Customs Officer of Birgunj Customs, said that the importers have delayed the release of the vehicles because they do not have the money to pay for the revenue for customs clearance as the banks have refused to open Letter of Credit (LC) for this purpose.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Kamal Gyawali, head of Nepal Intermodal Transport Development Board (NITDB) Birgunj informed that more than 1,700 new vehicles are parked on the premises of the integrated check post (ICP) in Birgunj. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The ICP has a parking capacity of up to 400 vehicles. After piling up of more than 1,700 vehicles, the management has become chaotic,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the import of vehicles worth more than five million rupees. The import of vehicles has also declined in the last months of the last fiscal year due to the tightening of imports.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Banks have almost stopped lending credit on cars. Importers say that there is no demand in the market due to lack of vehicle loans. It seems that the import of such vehicles from Birgunj, the main port of vehicle import, has decreased since last November.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Data from the customs shows decline in import every month since November of the last fiscal year as compared to the previous fiscal year. From mid-June to mid-July, only 68 jeeps passed customs clearance through Birgunj Customs. In the corresponding period of the previous fiscal year, this number was 487.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government gradually started tightening the import from the second quarter of the last fiscal year. Since then, the data shows that the import of light vehicles is continuously decreasing. Some importers have even rented land in the border Indian city of Raxaul and kept their vehicles there.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision to refund the goods and services tax (GST) of the vehicle imported from India only after submitting proof that it has cleared the Indian customs within 3 months. For GST compliance in India, importers now have to import vehicles in a rush. However, importers have not released the vehicles that have arrived at the customs office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15533', 'image' => '20220815011457_1660393906.jpg', 'article_date' => '2022-08-15 13:14:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15791', 'article_category_id' => '1', 'title' => 'Company Registration Compliances Full of Hassles ', 'sub_title' => '', 'summary' => 'August 15: The service seekers complain that they have to face unnecessary hassles for registration of companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 15: Although the Office of the Company Registrar has been established for the economic development of the country by promoting investment in the fields of industry, trade and business, individuals complain the office does not work according to its plans. The service seekers complain that they have to face unnecessary hassles for registration of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Individuals who reach the Company Registrar's Office to get new company registered or to renew the registration, and other services say they face lots of problems. As the services provided by the office are not available online, there is a large number of people at the office premises each day for registration and renewal of companies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Ramesh Prajapati of Bhaktapur, Katunje, who came for the registration of a new company, complained that he had to wait for hours due to the crowd and on top of that he had to pay bribes to get the work done. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The purpose of establishing the said office is to make the operation and administration of the company more accessible and simple, but it's just the opposite, he shared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The service seekers complain that they cannot see the names of the companies that have been registered in the office.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""> "Until some time ago, the name of the registered companies could be seen on the website of the office," said one of the service seekers, "Now it has been removed deliberately. So the service seekers have to visit the concerned field office repeatedly to make sure that the name of the company they want to register does not match with any other company that has already been registered.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prajapati thinks that there is no reason to keep the name of the registered company secret. Stating that a company needs a name just like a person needs a name after birth, he claimed that the system of not being able to see the name is causing unnecessary suffering to the service seekers. It is also fostering institutional corruption, he says. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">He complains that the employees ask for bribes on the pretext of checking if the name of the new company matches with the already registered company. If the name of the registered company is placed on the website, the customers can choose a different name without any hassle.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The employees assigned to check the company names can be assigned with other works.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">However, the office which claims that it does not have enough staff, on the contrary, has now assigned staff for the work that the service seekers could do themselves in the past.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, another customer said that because the service provided by the office is not available online, there is a rush of 400/500 customers every day. He claimed that the bribed employees do not even seek bank statement to increase the paid-up capital.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">"Even though there is a provision that bank statements are required to increase the company's paid-up capital, after giving a bribe, the share price of the paid-up capital of any amount is approved," he said.</span></span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15532', 'image' => '20220815125803_1660515628.Clipboard02.jpg', 'article_date' => '2022-08-15 12:57:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15790', 'article_category_id' => '1', 'title' => 'New Peaks to be Opened for Climbing', 'sub_title' => '', 'summary' => 'August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: Minister for Culture, Tourism and Civil Aviation, Jeevan Ram Shrestha, has said that the government preparing to gradually open new peaks for ascent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Shrestha made such announcement while addressing the 32<sup>nd</sup> Annual General Meeting of the Nepal Mountaineering Association on Sunday.</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"">According to Minister Shrestha, government is planning to open new peaks within the range of 5,800 meters to 8,000 meters for climbing.</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""> "A study is being conducted on which peaks will be appropriate for opening so that it can also benefit the locals and improve their living standard. Climbing permits will be issued after analyzing the impacts,” said Shrestha.</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"">Minister Shrestha made it clear that the government is ready to remove any legal hurdles faced by the mountaineering sector.</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"">He further said that the government will no longer announce one-year plan for visiting Nepal but has decided to work for the overall development of the tourism sector by announcing the Tourism Decade from 2023 to 2033.</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"">“It is necessary to establish Nepal as a major tourism destination in the world,” said Shrestha, adding, “Nepal's mountains are alluring to foreign tourists. Besides the natural beauty, Nepal can also attract tourists through adventure sports and its rich cultural heritage.” </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"">Minister Shrestha said that the government is ready to move ahead by forging collaboration with the private sector for the development of tourism sector.</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"">On the occasion, Secretary at the tourism ministry Buddhi Sagar Lamichhane said that tourism is an important pillar of national economy and it will be strengthened by collaborating with private sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice Chairperson of Nepal Tourism Board, Chandra Rijal, and Chairperson of Trekking Agencies' Association of Nepal, Khum Bahadur Subedi, stressed the need of effective collaboration and cooperation among the stakeholders to boost the tourism sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, 114 peaks including Mt Everest are open for climbing. Minister Shrestha shared that a 74-point plan was being enforced to revive the tourism sector hit hard by the COVID-19 pandemic. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15531', 'image' => '20220815115514_Tourist Arrival (1).jpeg', 'article_date' => '2022-08-15 11:54:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15789', 'article_category_id' => '1', 'title' => 'Government to Accept Rs 12.7 Billion from World Bank ', 'sub_title' => '', 'summary' => 'August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 15: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit provided by the World Bank to improve the enabling environment for Nepal's green, climate-resilient and inclusive development pathway. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the cabinet meeting on August 11 decided to accept the grant of approximately Rs 2.1 billion (2,256 million Japanese yen) provided by the Government of Japan for the restoration of irrigation system in eastern Nepal, said the government's spokesperson Gyanendra Bahadur Karki, who is also the Minister for Communications and Information Technology</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"">Speaking at a press conference organised on Sunday to make the decisions taken by the meeting public, Minister Karki said that the Council of Ministers also approved the new pay scale and grades under civil servants of all level as well as the Nepalese Army, Nepal Police, Armed Police Force, parliament service and teachers at community schools. The new pay scale has come into effect from 17 July, 2022. -- RSS</span></span></span><br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2022-08-15', 'modified' => '2022-08-15', 'keywords' => '', 'description' => '', 'sortorder' => '15530', 'image' => '20220815111548_World.jpg', 'article_date' => '2022-08-15 11:14:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15788', 'article_category_id' => '1', 'title' => 'Impacts of Election on the Economy', 'sub_title' => '', 'summary' => 'August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Bijay Damase</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: The government has announced the election to the federal parliament and provincial assemblies in one phase in upcoming November. After the announcement of the election date, political parties have started gearing up for the general elections in every nook and corners of the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The election is believed to impact not only the country’s politics but also the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The political parties and election candidates spend a large amount of money during the election campaign, which is expected to increase economic activities. Some say it is a positive aspect of election while others argue that the excess of money in the market will cause inflation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Election Commission has estimated that the total cost of the election will be around Rs 10 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The amount will basically be spent on voter education, printing of voting materials, transportation of those materials and salary of those involved in conducting the election as well as security personnel, including temporary police. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to EC Spokesperson Shaligram Poudel, the commission has estimated the cost of election and had requested the Finance Ministry to release the required budget. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">On the other hand, the finance ministry officials are still awaiting the cost estimates from various bodies before ascertaining the budget required for the election. They say that the exact cost of the local elections held in May is yet to be received. Home Ministry Spokesperson Dhundi Prasad Niraula says that they are yet to receive the cost estimates for the upcoming election.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The government had allocated a total of Rs 17 billion for the local elections. Deputy Spokesperson of the Election Commission Surya Prasad Aryal informed that the EC had initially demanded Rs 12 billion from the government for the local election but later revised the cost estimate to Rs 8.94 billion. The finance ministry released only Rs 8.11 billion back in May.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Aryal claimed that the commission held the election with a budget of Rs 5 billion by reducing unnecessary expenses.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A senior official of the finance ministry believes that the entire cost of the upcoming election will reach between Rs 20 billion to Rs 30 billion by adding the cost of the EC, Home Ministry and other government agencies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, it is not only the government that spends during the election. Political parties also loosen their wallets during the election campaigns. Although the EC fixes the ceiling for spending, the political parties hardly abide by the rule because it is not practical to force the spending limit during the election, says former secretary Bimal Wagle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He argues that the political parties have not been able to submit a report of their expenditure during the local elections held on May 13. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Another former secretary Gopi Nath Mainali says that the political parties breach the election code and spend excessively. He argues that the officials of the EC are appointed by the political parties and therefore they turn a blind eye to the spending of the parties. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He says that the election will have both positive and negative impacts in the economy. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Economist Dilli Raj Khanal says that the election will reduce development budget. According to Khanal, the sudden release of large amount of money in the market is likely to cause inflation.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He recalled to the excessive price hike in the market during the first Constituent Assembly election. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The positive aspect of the election is that it gives short-term employment to many people, says economist Khanal. He however, says that the election does not cause an overall economic growth because it is not possible to measure it. He says that the election will cause excessive liquidity in the market and also increase imports, thereby causing pressure in the foreign exchange reserves. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“There will be some positive impact in the overall GDP due to the increase in economic activities but it will have a negative impact in the economy due to imports,” says Khanal.</span></span></p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15529', 'image' => '20220814052350_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-08-14 17:22:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15787', 'article_category_id' => '1', 'title' => 'More than Eighteen Thousand Foreigners Acquire Labour Permits in Nepal', 'sub_title' => '', 'summary' => 'August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">August 14: More than 18,000 foreigners are currently working in Nepal by acquiring labour permits. The number of foreigners visiting Nepal for formal employment is increasing in recent years, according to the Department of Labour and Occupational Safety. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The department informed that a total of 18,239 foreigners have acquired labour permits to work in Nepal so far. Among them, 16,044 are male and 2,195 are female. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the last fiscal year, the department issued labour permits to 2,181 foreigners. Among them, 950 had taken new permits while the remaining 1231 had renewed their work permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Most of the foreigners visiting Nepal for employment are from China. A total of 1,629 Chinese nationals were issued labour permits to work in Nepal during the last fiscal year (mid-July 2021 to mid-July 2022). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the same period, altogether 106 people from the UK were issued labour permits to work in Nepal while 86 from the USA, 61 from Japan and 57 from India were also issued labour permits.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a total of 886 foreigners have acquired labour permits in the first three months of the current fiscal year including 196 in the first month, 360 in the second month and 327 in the third month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the meantime, a parliamentary committee has shown concern regarding the employment of foreign nationals in Nepali industries. The Industry and Commerce and Labour and Consumer Welfare Committee of the federal parliament, after holding discussion with Labour Minister Sher Bahadur Kunwar, has issued a directive to the government to give priority to Nepali labourers and employ foreign nationals in the labour market only if it is absolutely necessary. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15528', 'image' => '20220814044404_postQueueImg_3-626bcca48a757.jpg', 'article_date' => '2022-08-14 16:43:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15786', 'article_category_id' => '1', 'title' => 'Azolla Helps Reduce Dependence on Urea by Fifty Percent', 'sub_title' => '', 'summary' => 'August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. ', 'content' => '<h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">August 14: The trend of using fertilizers like urea, DAP and potassium in farming with the aim of increasing productivity is on the rise. However, the farmers face shortage of chemical fertilizers each year due to the inability of the government to supply the fertilizers. On the brighter side, experts say that urea consumption can be reduced up to 50 percent with the use of Azolla plant technology introduced lately in Nepal.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the experts, the cost of production of Azolla is cheap and its use does not have a negative impact on human health. The Azolla plant technology is adopted by countries like China, India, and the Philippines. Even in Nepal, the National Food Bank Limited successfully tested this technology in Gulariya Municipality of Bardia. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to Prof Dr Mohan Prasad Panthi of the Central Department of Botany, Tribhuvan University, who is assisting in this work, only 50 kg of urea will be enough instead of 100 Kg urea requirement with the use of Azolla.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a type of fern that grows in water. Panthi says that it should be sprinkled in the crop field after the paddy is planted and rooted. It takes nitrogen from air and helps other plants growing with it to take the same nitrogen. Generally, it can be used within 1 week to 12 days after planting paddy in a water-filled field. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">After Azolla spreads over the entire field, the water in the paddy field should be dried. According to studies, within a few days of that, Azolla will decompose and water can be added again.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla also helps in destroying other weeds growing in the paddy fields and keeping the soil moist and fertile. It can be produced by creating a water pond. Panthi says that 1 kg of Azolla plant can be produced in an easy way as the production will double within 15 days of keeping it in the pond.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to him, Azolla can be produced at the rate of 2 paisa per kg. </span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“The most positive aspect of this plant is that it also plays a role in increasing the production of rice. Various researches have shown that rice production increased by 10 to 14 percent in the fields where Azolla was used,” he told New Business Age.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Prof Dr Panthi added that Azolla can be dried and used in the feed of chickens and cattle, so it is considered as a multi-purpose plant. Using Azolla in feed improves the health of chickens and also increases the production of meat and egg. By feeding Azolla to cows and buffaloes mixed with sawdust or hay, milk production can also increased by 10 percent.</span></span></span></span></h1> <h1><span style="font-size:24pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Azolla is a free floating fern having 6 known species. Azolla Pinata is the most popular species in Asia. It ensures sufficient atmospheric nitrogen for rapid plant growth and also provides a source of organic nitrogen fertilizer to plants. It can be considered as an aqueous green manure. Recently, Azolla is emerging as an aspect of special interest in paddy cultivation.</span></span></span></span></h1> <p> </p> ', 'published' => true, 'created' => '2022-08-14', 'modified' => '2022-08-14', 'keywords' => '', 'description' => '', 'sortorder' => '15527', 'image' => '20220814030921_EDHr-e3VAAAbWgA.jpg', 'article_date' => '2022-08-14 15:07:50', '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
