August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150…
August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150…
August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on…
August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY…
August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its…
August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25…
July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal…
July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange…
July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector.…
July 31: Rainfall is likely to continue in most parts of the country until Tuesday.…
July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be…
July 31: The funds maintained by security forces have around Rs 75…
July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised…
July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal…
July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical…
July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions.…
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There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15716', 'article_category_id' => '1', 'title' => 'Chitwan National Park Distributes Rs 30 Million as Relief for People affected by Wildlife', 'sub_title' => '', 'summary' => 'July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal 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"">July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal year. The total relief distribution amounted to Rs 30.473 million.</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 national park office, relief of Rs 20.20 million was distributed to the families of people who lost their lives due to the attack of wild animals during the review period. </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, as per the information provided by the park officials, Rs 2,911,000 was distributed to the families of seriously injured people and Rs 537,000 to the families of people who suffered minor injuries. </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 park, Rs 1,782,000 was distributed to the families who suffered loss of livestock, Rs 54,000 to the families whose stored grain was damaged, Rs 147,000 to the families who lost their houses and Rs 3,399,000 to the families who lost their crops. </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"">As informed by the office, during the review year period, 22 people died in the attacks of wild animals, 24 people were seriously injured and 29 people were slightly injured. Other incidents involved 148 cases of livestock damage, 6 cases of stored grain damage, 19 cases of household damage and 476 cases of crop damage.</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"">Ganesh Prasad Tiwari, the information officer of the national park, said that the incidents of wildlife attacks and damage increased last year as compared to the previous 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"">“Recently, it seems that there has been an increase in incidents of damages caused by wild animals. Increase in wildlife population has also resulted in encroachment of human settlements,” 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"">Tiwari informed that there has been an increase in relief distribution along with increased cases last year. He also informed that human damages occurred in the main area of the park as well, however, there is a provision to distribute relief only in cases of damage caused by wild animals outside the main area. He said that some of the victims’ families are in the process of receiving relief and only those who have completed the process are provided with relief.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15457', 'image' => '20220731055215_National-Park.jpg', 'article_date' => '2022-07-31 17:51:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15715', 'article_category_id' => '1', 'title' => 'Has Restrictions Reduced Imports of Banned Goods?', 'sub_title' => '', 'summary' => 'July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves. After the foreign exchange reserves started declining, the central bank issued a quota system on import of silver on November 29, 2021 restricting the import of silver worth more than USD 3500 at a time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Three weeks later, the NRB introduced a provision on December 20 requiring 50 to cent percent cash margin for importing goods under 20 different harmonic codes. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The central bank also lowered the limit on imports through document against payment (DAP), document against assessment (DAA) and TT. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">One month later, the central bank added 27 more items to the list of goods that require 50 to 100 percent cash margin for imports. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">After these steps failed to discourage imports, the central bank in early April issued a verbal directive to the commercial banks not to open LC for the import of luxury items such as vehicles for private use and liquor.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On top of it, the Ministry of Industry, Commerce and Supplies issued a notice in the Nepal Gazette on April 26 banning the import of certain goods till the end of the last fiscal year (FY 2021/22). Those goods included vehicles for private use, motorcycle of more than 250 cc capacity, smartphones worth more than USD 600, television sets of 32 inches and above, playing cards, diamonds, ready-made liquor, chips such as Lays and Kurkure, toys and tobacco products. The ban on imports of those products was later extended till August 30. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It seems that the government tried to restrict the imports of the same goods towards the end of the fiscal year that were imported without any hindrance during the start of the last fiscal year. Those ten goods were completely banned in the last two and a half months of the last fiscal year. Despite the ban, the import of three of the ten items have declined while the import of the remaining seven items has increased instead, according to the date released by the Department of Customs.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period, the import of chips such as Lays and Kurkure, playing cards and vehicles of more than 250 cc capacity has declined. On the other hand import of products such as liquor, tobacco products, smartphones, toys, diamond, vehicles and television sets has increased. </span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15456', 'image' => '20220731054110_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-31 17:40:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15714', 'article_category_id' => '1', 'title' => 'Government Plans to Develop Hill Stations, Open New Peaks under Tourism Revival Plan', 'sub_title' => '', 'summary' => 'July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. ', 'content' => '<p><span style="font-size:16px">July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. They had been demanding government intervention in revitalizing the tourism sector that has been badly affected by the coronavirus pandemic.</span></p> <p><span style="font-size:16px">The government is now preparing to announce the Tourism Decade.</span></p> <p><span style="font-size:16px">The government will be making necessary preparations till the end of 2022 in order to announce the Tourism decade from 2023 to 2033, informed Hom Prasad Luitel, joint secretary at the Ministry of Culture, Tourism and Civil Aviation.</span></p> <p><span style="font-size:16px">“This year is about to end and so we will make necessary preparations to announce the Tourism Decade,” said Luitel, adding, “We will first plan what we will be doing throughout the next decade and then make an announcement next year.”</span></p> <p><span style="font-size:16px">The government has also included development of hill station in its plan. According to Luitel, the ministry has written a letter to the Nepal Tourism Board to prepare a plan to develop hill station and submit it within a week. He said that the NTB itself will prepare a separate plan for the development of hill station.</span></p> <p><span style="font-size:16px">The government is planning to conduct a feasibility study about developing hill stations in Pathibhara, Shey Phoksundo, Khaptad and Rara in collaboration with the provinces, local governments and private sector in line with the principle of diversification of tourism sector.</span></p> <p><span style="font-size:16px">Private sector stakeholders say that they are ready to invest if the government prepares necessary infrastructures needed for developing hill stations.</span></p> <p><span style="font-size:16px">Hoteliers of Kathmandu are also ready to invest in hill stations. One of the hoteliers told New Business Age that they are ready to invest if the government sets up infrastructures such as roads, electricity and drinking water facility.</span></p> <p><span style="font-size:16px">The arrival of tourists in Nepal had declined by percent in 2020 compared to 2019. Nevertheless, the arrival of tourists has started improving since the beginning of 2022.</span></p> <p><span style="font-size:16px">The tourism ministry has prepared a 58-point plan to revive the tourism industry and is working accordingly to implement it.</span></p> <p><span style="font-size:16px">Senior Vice President of the Hotel Association of Nepal Binayak Shah says that the government’s announcement of plans to revive the tourism sector is a positive step.</span></p> <p><span style="font-size:16px">“There was a need of a clear roadmap to revive the tourism sector and we wanted government’s cooperation in this regard,” said Shah, adding that they had given suggestions to the government about it. He further said that the government’s tourism revival plan should not be focused on garnering support for the upcoming election.</span></p> <p><span style="font-size:16px">He says that the plan of announcing the Tourism Decade is an ambitious plan. He says that government announces plans but the implementation part is mostly weak.</span></p> <p><span style="font-size:16px">The ministry has also announced to open new peaks for expedition under its tourism revival plan. So far, the government has opened peaks for expedition. As per the plan, government is preparing to open additional peaks between 5,800 meters and 8,000 meters. Neema Nuru Sherpa, president of Nepal Mountaineering Association, says that this decision has opened new avenues in the tourism sector.</span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15455', 'image' => '20220731034205_Tourist Arrival (1).jpeg', 'article_date' => '2022-07-31 15:40:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15713', 'article_category_id' => '1', 'title' => 'Chances of Rainfall till Tuesday ', 'sub_title' => '', 'summary' => 'July 31: Rainfall is likely to continue in most parts of the country until Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Rainfall is likely to continue in most parts of the country until Tuesday. Due to the active monsoon system, there is a chance of light to moderate rainfall with thunder and lightning in many parts of the country till Tuesday, said meteorologist at the Department of Hydrology and Meteorology Heera Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Bhattarai, there is possibility of heavy rain in one or two places of Province 1, Bagmati Province, Gandaki Province and Lumbini Province. Monsoon in likely to become more active in the east for the next three days, added Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At present, there is partial to moderate rainfall in few places of Province 1 while there is light to moderate rain with thunder/lightning in Bagmati, Gandaki and Lumbini provinces.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the night, the weather will be cloudy in the mountainous areas of the country, partially cloudy in the rest of the country. Furthermore, there will be light to moderate rainfall with thunder and lightning in few places of the hill areas of the country and heavy rain in one or two places of Madhes province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15454', 'image' => '20220731023730_weather (1).jpg', 'article_date' => '2022-07-31 14:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15712', 'article_category_id' => '1', 'title' => 'NOC will not be Privatized: Minister Badu', 'sub_title' => '', 'summary' => 'July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a programme organized on the occasion of the 27th annual general assembly of Nepal LP Gas Association on Saturday, Minister Badu said the NOC is supplying petroleum products with the assistance of the private sector and it will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the tax imposed on petroleum products has been reduced realizing the government's responsibility, Minister Badu, said reforms in the NOC was needed even by reducing its unnecessary expenses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Badu said that the government was ready to address the issues faced by the private sector and assured that he was working to resolve the private sector's problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief of the Confederation of Nepalese Industries Krishna Adhikari, Senior Vice-President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Dinesh Shrestha and other speakers expressed their opinions on different issues economy including the role of the private sector for the economic development, government policy on reducing consumption of petroleum products among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15453', 'image' => '20220731021855_nocc.jpg', 'article_date' => '2022-07-31 14:18:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15711', 'article_category_id' => '1', 'title' => 'Rs 75 Billion in Welfare Funds of Security Forces', 'sub_title' => '', 'summary' => 'July 31: The funds maintained by security forces have around Rs 75 billion.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Bijay Damase</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 31: The funds maintained by security forces have around Rs 75 billion. The welfare funds of the Nepalese Army, Nepal Police among other security agencies have such a huge fund which is not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The security agencies are unable to mobilize the fund even during the time of financial crisis because of a provision that does not allow the security forces to invest the fund in profit-generating ventures.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The size of army’s welfare fund, which was established years ago with just Rs </span><span style="font-family:"Arial Unicode MS","sans-serif"">12. 4 million, has currently expanded to Rs 69 billion. Out of the total amount, Rs 62 billion has been deposited in various banks. The Army Act has a provision under which the national army itself cannot invest its funds in profit-generating business.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the army which has been paying an annual tax of Rs 500 million has not invested its money in any business, informed any army source. Next year, the army’s welfare fund will get an additional fund of Rs 20 billion.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has invested around Rs 6 billion to operate medical college, school, petrol stations and drinking water for the army in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around Rs 900,000 generated from such non-profit business is used for the welfare of the families of serving and retired army personnel.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around 5,400 army personnel deployed in 12 different missions of the United Nations bring around USD 150 million back to Nepal each year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The recent report of the Auditor General states that the army’s petrol station and fair-price shops operated under the welfare fund do not go through annual audit. The report also suggests that the income generated from the fund should be invested in productive sector.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepalese Army Spokesperson Brigadier General Narayan Silwal says that the army has been investing the money of the welfare fund in necessary areas in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“The army is ready to invest in the productive sector if the government amends the law,” said Silwal.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Police also has its welfare fund worth around Rs 3.61 billion. This amount is also yet to be invested in productive sector. The fund is deposited in bank and the police force reaps the benefit of interest.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force also had established its fund almost two decades ago. The welfare fund of APF has around Rs Rs 2 billion. This amount is also not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Although efforts have been made to bring these funds in the capital market, it has not been possible so far.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15452', 'image' => '20220731113758_army.jpg', 'article_date' => '2022-07-31 11:34:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15710', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Gives ‘Clean Chit’ to Janardan Sharma', 'sub_title' => 'The Probe Committee Finds no Entry of Unauthorized Person to Fix Tax Rate in Budget ', 'summary' => 'July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The parliamentary committee formed to investigate the allegation has finally presented its report to the House of Representatives (HoR). </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Presenting the report in the lower house meeting on Friday, the committee chairperson Laxman Lal Karna said that the committee did not find the entry of unauthorized person in the finance ministry to change the tax rate. The committee shared the finding after studying the CCTV footage and analyzing the ministry's response and documents and discussion with the finance ministry officials, the state-owned national news agency RSS reported. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The probe committee did not find the entry of authorized person to fix the tax rate. As there is a dedicated thematic committee to study the impacts of changes in tax rate, this special committee does not need to devote further time in this matter," the report concluded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The committee had inspected CCTV installation and its recording at the ministry and sent the CCTV footages to the digital forensic lab of the Nepal Police for its recovery. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared based on documents received from the ministry, talks with office bearers, the report and details recovered from the CCTV footages and other evidences received from the Nepal Police, said Karna. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The committee was initially provided 10 days for the investigation and later the deadline was extended by a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then finance minister Janardan Sharma had resigned from his post following the formation of the parliamentary probe committee. Sharma was accused of bringing unauthorized person to the ministry to influence the tax rate on the eve of the budget announcement. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15451', 'image' => '20220731110219_finnnnn.jpg', 'article_date' => '2022-07-31 11:01:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15709', 'article_category_id' => '1', 'title' => 'Brokers and Investors Give Mixed Reaction to SEBON Programmes', 'sub_title' => '', 'summary' => 'July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (SEBON).', '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"">July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (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"">Tara Prasad Phullel, vice president of the Share Investors Association, said that although many old points have been repeated in the policies and programmes for the current fiscal year, he said he is confident that those objectives will be accomplished this year. He said that the old plans have been repeated because they are needed now.</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 expects that the policies and programmes will be implemented without any obstacle as the SEBON chairman has already done important works for the development and expansion of the capital market. </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 the programmes and policies are overall good, the issue of broker license is still not clear,” said Phullel.</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, Santosh Mainali, president of the Stock Brokers Association, said that the policies and programmes are generally good, but the issue of adding brokers is unclear. </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"">“When the president said that the capital structure will be based on the number of licenses, it is not clear whether the NEPSE’s system supports a large number of brokers or not,” 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"">He said that the issue of giving approval to existing brokers for branch expansion and provision of sub-broker services is not mentioned this year.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15450', 'image' => '20220729053845_sebon.jpg', 'article_date' => '2022-07-29 17:38:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15708', 'article_category_id' => '1', 'title' => 'Yeti Airlines Aircraft makes Safe Landing after Engine Malfunction', 'sub_title' => '', 'summary' => 'July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, the aircraft returned back to Pokhara after its engine malfunctioned.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dev Raj Subedi, information officer of Pokhara Airport, told RSS that the aircraft with call sign '9-NANG' returned safely to Pokhara six minutes after take-off. According to Subedi, the aircraft carrying 45 passengers had left Pokhara at 8:45 am. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15449', 'image' => '20220729052841_31534744547_53f0fff7b5_b.jpg', 'article_date' => '2022-07-29 17:28:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15707', 'article_category_id' => '1', 'title' => 'SEBON Introduces New Policies and Programmes', 'sub_title' => '', 'summary' => 'July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. ', '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"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </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"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</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 board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </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 argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</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"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</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 also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</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 board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </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 board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</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 board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this 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"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture 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"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</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 new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15448', 'image' => '20220729040434_Sebonnn.jpg', 'article_date' => '2022-07-29 16:03:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15716', 'article_category_id' => '1', 'title' => 'Chitwan National Park Distributes Rs 30 Million as Relief for People affected by Wildlife', 'sub_title' => '', 'summary' => 'July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal 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"">July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal year. The total relief distribution amounted to Rs 30.473 million.</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 national park office, relief of Rs 20.20 million was distributed to the families of people who lost their lives due to the attack of wild animals during the review period. </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, as per the information provided by the park officials, Rs 2,911,000 was distributed to the families of seriously injured people and Rs 537,000 to the families of people who suffered minor injuries. </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 park, Rs 1,782,000 was distributed to the families who suffered loss of livestock, Rs 54,000 to the families whose stored grain was damaged, Rs 147,000 to the families who lost their houses and Rs 3,399,000 to the families who lost their crops. </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"">As informed by the office, during the review year period, 22 people died in the attacks of wild animals, 24 people were seriously injured and 29 people were slightly injured. Other incidents involved 148 cases of livestock damage, 6 cases of stored grain damage, 19 cases of household damage and 476 cases of crop damage.</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"">Ganesh Prasad Tiwari, the information officer of the national park, said that the incidents of wildlife attacks and damage increased last year as compared to the previous 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"">“Recently, it seems that there has been an increase in incidents of damages caused by wild animals. Increase in wildlife population has also resulted in encroachment of human settlements,” 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"">Tiwari informed that there has been an increase in relief distribution along with increased cases last year. He also informed that human damages occurred in the main area of the park as well, however, there is a provision to distribute relief only in cases of damage caused by wild animals outside the main area. He said that some of the victims’ families are in the process of receiving relief and only those who have completed the process are provided with relief.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15457', 'image' => '20220731055215_National-Park.jpg', 'article_date' => '2022-07-31 17:51:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15715', 'article_category_id' => '1', 'title' => 'Has Restrictions Reduced Imports of Banned Goods?', 'sub_title' => '', 'summary' => 'July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves. After the foreign exchange reserves started declining, the central bank issued a quota system on import of silver on November 29, 2021 restricting the import of silver worth more than USD 3500 at a time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Three weeks later, the NRB introduced a provision on December 20 requiring 50 to cent percent cash margin for importing goods under 20 different harmonic codes. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The central bank also lowered the limit on imports through document against payment (DAP), document against assessment (DAA) and TT. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">One month later, the central bank added 27 more items to the list of goods that require 50 to 100 percent cash margin for imports. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">After these steps failed to discourage imports, the central bank in early April issued a verbal directive to the commercial banks not to open LC for the import of luxury items such as vehicles for private use and liquor.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On top of it, the Ministry of Industry, Commerce and Supplies issued a notice in the Nepal Gazette on April 26 banning the import of certain goods till the end of the last fiscal year (FY 2021/22). Those goods included vehicles for private use, motorcycle of more than 250 cc capacity, smartphones worth more than USD 600, television sets of 32 inches and above, playing cards, diamonds, ready-made liquor, chips such as Lays and Kurkure, toys and tobacco products. The ban on imports of those products was later extended till August 30. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It seems that the government tried to restrict the imports of the same goods towards the end of the fiscal year that were imported without any hindrance during the start of the last fiscal year. Those ten goods were completely banned in the last two and a half months of the last fiscal year. Despite the ban, the import of three of the ten items have declined while the import of the remaining seven items has increased instead, according to the date released by the Department of Customs.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period, the import of chips such as Lays and Kurkure, playing cards and vehicles of more than 250 cc capacity has declined. On the other hand import of products such as liquor, tobacco products, smartphones, toys, diamond, vehicles and television sets has increased. </span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15456', 'image' => '20220731054110_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-31 17:40:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15714', 'article_category_id' => '1', 'title' => 'Government Plans to Develop Hill Stations, Open New Peaks under Tourism Revival Plan', 'sub_title' => '', 'summary' => 'July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. ', 'content' => '<p><span style="font-size:16px">July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. They had been demanding government intervention in revitalizing the tourism sector that has been badly affected by the coronavirus pandemic.</span></p> <p><span style="font-size:16px">The government is now preparing to announce the Tourism Decade.</span></p> <p><span style="font-size:16px">The government will be making necessary preparations till the end of 2022 in order to announce the Tourism decade from 2023 to 2033, informed Hom Prasad Luitel, joint secretary at the Ministry of Culture, Tourism and Civil Aviation.</span></p> <p><span style="font-size:16px">“This year is about to end and so we will make necessary preparations to announce the Tourism Decade,” said Luitel, adding, “We will first plan what we will be doing throughout the next decade and then make an announcement next year.”</span></p> <p><span style="font-size:16px">The government has also included development of hill station in its plan. According to Luitel, the ministry has written a letter to the Nepal Tourism Board to prepare a plan to develop hill station and submit it within a week. He said that the NTB itself will prepare a separate plan for the development of hill station.</span></p> <p><span style="font-size:16px">The government is planning to conduct a feasibility study about developing hill stations in Pathibhara, Shey Phoksundo, Khaptad and Rara in collaboration with the provinces, local governments and private sector in line with the principle of diversification of tourism sector.</span></p> <p><span style="font-size:16px">Private sector stakeholders say that they are ready to invest if the government prepares necessary infrastructures needed for developing hill stations.</span></p> <p><span style="font-size:16px">Hoteliers of Kathmandu are also ready to invest in hill stations. One of the hoteliers told New Business Age that they are ready to invest if the government sets up infrastructures such as roads, electricity and drinking water facility.</span></p> <p><span style="font-size:16px">The arrival of tourists in Nepal had declined by percent in 2020 compared to 2019. Nevertheless, the arrival of tourists has started improving since the beginning of 2022.</span></p> <p><span style="font-size:16px">The tourism ministry has prepared a 58-point plan to revive the tourism industry and is working accordingly to implement it.</span></p> <p><span style="font-size:16px">Senior Vice President of the Hotel Association of Nepal Binayak Shah says that the government’s announcement of plans to revive the tourism sector is a positive step.</span></p> <p><span style="font-size:16px">“There was a need of a clear roadmap to revive the tourism sector and we wanted government’s cooperation in this regard,” said Shah, adding that they had given suggestions to the government about it. He further said that the government’s tourism revival plan should not be focused on garnering support for the upcoming election.</span></p> <p><span style="font-size:16px">He says that the plan of announcing the Tourism Decade is an ambitious plan. He says that government announces plans but the implementation part is mostly weak.</span></p> <p><span style="font-size:16px">The ministry has also announced to open new peaks for expedition under its tourism revival plan. So far, the government has opened peaks for expedition. As per the plan, government is preparing to open additional peaks between 5,800 meters and 8,000 meters. Neema Nuru Sherpa, president of Nepal Mountaineering Association, says that this decision has opened new avenues in the tourism sector.</span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15455', 'image' => '20220731034205_Tourist Arrival (1).jpeg', 'article_date' => '2022-07-31 15:40:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15713', 'article_category_id' => '1', 'title' => 'Chances of Rainfall till Tuesday ', 'sub_title' => '', 'summary' => 'July 31: Rainfall is likely to continue in most parts of the country until Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Rainfall is likely to continue in most parts of the country until Tuesday. Due to the active monsoon system, there is a chance of light to moderate rainfall with thunder and lightning in many parts of the country till Tuesday, said meteorologist at the Department of Hydrology and Meteorology Heera Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Bhattarai, there is possibility of heavy rain in one or two places of Province 1, Bagmati Province, Gandaki Province and Lumbini Province. Monsoon in likely to become more active in the east for the next three days, added Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At present, there is partial to moderate rainfall in few places of Province 1 while there is light to moderate rain with thunder/lightning in Bagmati, Gandaki and Lumbini provinces.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the night, the weather will be cloudy in the mountainous areas of the country, partially cloudy in the rest of the country. Furthermore, there will be light to moderate rainfall with thunder and lightning in few places of the hill areas of the country and heavy rain in one or two places of Madhes province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15454', 'image' => '20220731023730_weather (1).jpg', 'article_date' => '2022-07-31 14:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15712', 'article_category_id' => '1', 'title' => 'NOC will not be Privatized: Minister Badu', 'sub_title' => '', 'summary' => 'July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a programme organized on the occasion of the 27th annual general assembly of Nepal LP Gas Association on Saturday, Minister Badu said the NOC is supplying petroleum products with the assistance of the private sector and it will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the tax imposed on petroleum products has been reduced realizing the government's responsibility, Minister Badu, said reforms in the NOC was needed even by reducing its unnecessary expenses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Badu said that the government was ready to address the issues faced by the private sector and assured that he was working to resolve the private sector's problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief of the Confederation of Nepalese Industries Krishna Adhikari, Senior Vice-President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Dinesh Shrestha and other speakers expressed their opinions on different issues economy including the role of the private sector for the economic development, government policy on reducing consumption of petroleum products among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15453', 'image' => '20220731021855_nocc.jpg', 'article_date' => '2022-07-31 14:18:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15711', 'article_category_id' => '1', 'title' => 'Rs 75 Billion in Welfare Funds of Security Forces', 'sub_title' => '', 'summary' => 'July 31: The funds maintained by security forces have around Rs 75 billion.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Bijay Damase</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 31: The funds maintained by security forces have around Rs 75 billion. The welfare funds of the Nepalese Army, Nepal Police among other security agencies have such a huge fund which is not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The security agencies are unable to mobilize the fund even during the time of financial crisis because of a provision that does not allow the security forces to invest the fund in profit-generating ventures.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The size of army’s welfare fund, which was established years ago with just Rs </span><span style="font-family:"Arial Unicode MS","sans-serif"">12. 4 million, has currently expanded to Rs 69 billion. Out of the total amount, Rs 62 billion has been deposited in various banks. The Army Act has a provision under which the national army itself cannot invest its funds in profit-generating business.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the army which has been paying an annual tax of Rs 500 million has not invested its money in any business, informed any army source. Next year, the army’s welfare fund will get an additional fund of Rs 20 billion.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has invested around Rs 6 billion to operate medical college, school, petrol stations and drinking water for the army in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around Rs 900,000 generated from such non-profit business is used for the welfare of the families of serving and retired army personnel.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around 5,400 army personnel deployed in 12 different missions of the United Nations bring around USD 150 million back to Nepal each year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The recent report of the Auditor General states that the army’s petrol station and fair-price shops operated under the welfare fund do not go through annual audit. The report also suggests that the income generated from the fund should be invested in productive sector.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepalese Army Spokesperson Brigadier General Narayan Silwal says that the army has been investing the money of the welfare fund in necessary areas in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“The army is ready to invest in the productive sector if the government amends the law,” said Silwal.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Police also has its welfare fund worth around Rs 3.61 billion. This amount is also yet to be invested in productive sector. The fund is deposited in bank and the police force reaps the benefit of interest.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force also had established its fund almost two decades ago. The welfare fund of APF has around Rs Rs 2 billion. This amount is also not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Although efforts have been made to bring these funds in the capital market, it has not been possible so far.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15452', 'image' => '20220731113758_army.jpg', 'article_date' => '2022-07-31 11:34:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15710', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Gives ‘Clean Chit’ to Janardan Sharma', 'sub_title' => 'The Probe Committee Finds no Entry of Unauthorized Person to Fix Tax Rate in Budget ', 'summary' => 'July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The parliamentary committee formed to investigate the allegation has finally presented its report to the House of Representatives (HoR). </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Presenting the report in the lower house meeting on Friday, the committee chairperson Laxman Lal Karna said that the committee did not find the entry of unauthorized person in the finance ministry to change the tax rate. The committee shared the finding after studying the CCTV footage and analyzing the ministry's response and documents and discussion with the finance ministry officials, the state-owned national news agency RSS reported. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The probe committee did not find the entry of authorized person to fix the tax rate. As there is a dedicated thematic committee to study the impacts of changes in tax rate, this special committee does not need to devote further time in this matter," the report concluded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The committee had inspected CCTV installation and its recording at the ministry and sent the CCTV footages to the digital forensic lab of the Nepal Police for its recovery. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared based on documents received from the ministry, talks with office bearers, the report and details recovered from the CCTV footages and other evidences received from the Nepal Police, said Karna. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The committee was initially provided 10 days for the investigation and later the deadline was extended by a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then finance minister Janardan Sharma had resigned from his post following the formation of the parliamentary probe committee. Sharma was accused of bringing unauthorized person to the ministry to influence the tax rate on the eve of the budget announcement. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15451', 'image' => '20220731110219_finnnnn.jpg', 'article_date' => '2022-07-31 11:01:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15709', 'article_category_id' => '1', 'title' => 'Brokers and Investors Give Mixed Reaction to SEBON Programmes', 'sub_title' => '', 'summary' => 'July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (SEBON).', '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"">July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (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"">Tara Prasad Phullel, vice president of the Share Investors Association, said that although many old points have been repeated in the policies and programmes for the current fiscal year, he said he is confident that those objectives will be accomplished this year. He said that the old plans have been repeated because they are needed now.</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 expects that the policies and programmes will be implemented without any obstacle as the SEBON chairman has already done important works for the development and expansion of the capital market. </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 the programmes and policies are overall good, the issue of broker license is still not clear,” said Phullel.</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, Santosh Mainali, president of the Stock Brokers Association, said that the policies and programmes are generally good, but the issue of adding brokers is unclear. </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"">“When the president said that the capital structure will be based on the number of licenses, it is not clear whether the NEPSE’s system supports a large number of brokers or not,” 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"">He said that the issue of giving approval to existing brokers for branch expansion and provision of sub-broker services is not mentioned this year.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15450', 'image' => '20220729053845_sebon.jpg', 'article_date' => '2022-07-29 17:38:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15708', 'article_category_id' => '1', 'title' => 'Yeti Airlines Aircraft makes Safe Landing after Engine Malfunction', 'sub_title' => '', 'summary' => 'July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, the aircraft returned back to Pokhara after its engine malfunctioned.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dev Raj Subedi, information officer of Pokhara Airport, told RSS that the aircraft with call sign '9-NANG' returned safely to Pokhara six minutes after take-off. According to Subedi, the aircraft carrying 45 passengers had left Pokhara at 8:45 am. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15449', 'image' => '20220729052841_31534744547_53f0fff7b5_b.jpg', 'article_date' => '2022-07-29 17:28:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15707', 'article_category_id' => '1', 'title' => 'SEBON Introduces New Policies and Programmes', 'sub_title' => '', 'summary' => 'July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. ', '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"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </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"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</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 board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </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 argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</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"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</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 also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</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 board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </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 board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</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 board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this 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"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture 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"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</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 new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15448', 'image' => '20220729040434_Sebonnn.jpg', 'article_date' => '2022-07-29 16:03:56', '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' => '15723', 'article_category_id' => '1', 'title' => 'Sitaram Gokul Milks adding Investment of Rs 150 Million ', 'sub_title' => '', 'summary' => 'August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">August 1: Sitaram Gokul Milks Pvt Ltd, which is involved in the production and sale of dairy products, has prepared to diversify its products and expand its services by adding an investment of around Rs 150 million.</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 company, which has been collecting, processing, producing, and selling milk products for a long time, has already opened a sales center in Kuleshwar, Kathmandu, to facilitate the access of consumers to its products.</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 company has decided to bring a sales center into operation in the new market of Kirtipur from Monday. There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15716', 'article_category_id' => '1', 'title' => 'Chitwan National Park Distributes Rs 30 Million as Relief for People affected by Wildlife', 'sub_title' => '', 'summary' => 'July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal 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"">July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal year. The total relief distribution amounted to Rs 30.473 million.</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 national park office, relief of Rs 20.20 million was distributed to the families of people who lost their lives due to the attack of wild animals during the review period. </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, as per the information provided by the park officials, Rs 2,911,000 was distributed to the families of seriously injured people and Rs 537,000 to the families of people who suffered minor injuries. </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 park, Rs 1,782,000 was distributed to the families who suffered loss of livestock, Rs 54,000 to the families whose stored grain was damaged, Rs 147,000 to the families who lost their houses and Rs 3,399,000 to the families who lost their crops. </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"">As informed by the office, during the review year period, 22 people died in the attacks of wild animals, 24 people were seriously injured and 29 people were slightly injured. Other incidents involved 148 cases of livestock damage, 6 cases of stored grain damage, 19 cases of household damage and 476 cases of crop damage.</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"">Ganesh Prasad Tiwari, the information officer of the national park, said that the incidents of wildlife attacks and damage increased last year as compared to the previous 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"">“Recently, it seems that there has been an increase in incidents of damages caused by wild animals. Increase in wildlife population has also resulted in encroachment of human settlements,” 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"">Tiwari informed that there has been an increase in relief distribution along with increased cases last year. He also informed that human damages occurred in the main area of the park as well, however, there is a provision to distribute relief only in cases of damage caused by wild animals outside the main area. He said that some of the victims’ families are in the process of receiving relief and only those who have completed the process are provided with relief.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15457', 'image' => '20220731055215_National-Park.jpg', 'article_date' => '2022-07-31 17:51:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15715', 'article_category_id' => '1', 'title' => 'Has Restrictions Reduced Imports of Banned Goods?', 'sub_title' => '', 'summary' => 'July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves. After the foreign exchange reserves started declining, the central bank issued a quota system on import of silver on November 29, 2021 restricting the import of silver worth more than USD 3500 at a time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Three weeks later, the NRB introduced a provision on December 20 requiring 50 to cent percent cash margin for importing goods under 20 different harmonic codes. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The central bank also lowered the limit on imports through document against payment (DAP), document against assessment (DAA) and TT. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">One month later, the central bank added 27 more items to the list of goods that require 50 to 100 percent cash margin for imports. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">After these steps failed to discourage imports, the central bank in early April issued a verbal directive to the commercial banks not to open LC for the import of luxury items such as vehicles for private use and liquor.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On top of it, the Ministry of Industry, Commerce and Supplies issued a notice in the Nepal Gazette on April 26 banning the import of certain goods till the end of the last fiscal year (FY 2021/22). Those goods included vehicles for private use, motorcycle of more than 250 cc capacity, smartphones worth more than USD 600, television sets of 32 inches and above, playing cards, diamonds, ready-made liquor, chips such as Lays and Kurkure, toys and tobacco products. The ban on imports of those products was later extended till August 30. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It seems that the government tried to restrict the imports of the same goods towards the end of the fiscal year that were imported without any hindrance during the start of the last fiscal year. Those ten goods were completely banned in the last two and a half months of the last fiscal year. Despite the ban, the import of three of the ten items have declined while the import of the remaining seven items has increased instead, according to the date released by the Department of Customs.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period, the import of chips such as Lays and Kurkure, playing cards and vehicles of more than 250 cc capacity has declined. On the other hand import of products such as liquor, tobacco products, smartphones, toys, diamond, vehicles and television sets has increased. </span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15456', 'image' => '20220731054110_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-31 17:40:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15714', 'article_category_id' => '1', 'title' => 'Government Plans to Develop Hill Stations, Open New Peaks under Tourism Revival Plan', 'sub_title' => '', 'summary' => 'July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. ', 'content' => '<p><span style="font-size:16px">July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. They had been demanding government intervention in revitalizing the tourism sector that has been badly affected by the coronavirus pandemic.</span></p> <p><span style="font-size:16px">The government is now preparing to announce the Tourism Decade.</span></p> <p><span style="font-size:16px">The government will be making necessary preparations till the end of 2022 in order to announce the Tourism decade from 2023 to 2033, informed Hom Prasad Luitel, joint secretary at the Ministry of Culture, Tourism and Civil Aviation.</span></p> <p><span style="font-size:16px">“This year is about to end and so we will make necessary preparations to announce the Tourism Decade,” said Luitel, adding, “We will first plan what we will be doing throughout the next decade and then make an announcement next year.”</span></p> <p><span style="font-size:16px">The government has also included development of hill station in its plan. According to Luitel, the ministry has written a letter to the Nepal Tourism Board to prepare a plan to develop hill station and submit it within a week. He said that the NTB itself will prepare a separate plan for the development of hill station.</span></p> <p><span style="font-size:16px">The government is planning to conduct a feasibility study about developing hill stations in Pathibhara, Shey Phoksundo, Khaptad and Rara in collaboration with the provinces, local governments and private sector in line with the principle of diversification of tourism sector.</span></p> <p><span style="font-size:16px">Private sector stakeholders say that they are ready to invest if the government prepares necessary infrastructures needed for developing hill stations.</span></p> <p><span style="font-size:16px">Hoteliers of Kathmandu are also ready to invest in hill stations. One of the hoteliers told New Business Age that they are ready to invest if the government sets up infrastructures such as roads, electricity and drinking water facility.</span></p> <p><span style="font-size:16px">The arrival of tourists in Nepal had declined by percent in 2020 compared to 2019. Nevertheless, the arrival of tourists has started improving since the beginning of 2022.</span></p> <p><span style="font-size:16px">The tourism ministry has prepared a 58-point plan to revive the tourism industry and is working accordingly to implement it.</span></p> <p><span style="font-size:16px">Senior Vice President of the Hotel Association of Nepal Binayak Shah says that the government’s announcement of plans to revive the tourism sector is a positive step.</span></p> <p><span style="font-size:16px">“There was a need of a clear roadmap to revive the tourism sector and we wanted government’s cooperation in this regard,” said Shah, adding that they had given suggestions to the government about it. He further said that the government’s tourism revival plan should not be focused on garnering support for the upcoming election.</span></p> <p><span style="font-size:16px">He says that the plan of announcing the Tourism Decade is an ambitious plan. He says that government announces plans but the implementation part is mostly weak.</span></p> <p><span style="font-size:16px">The ministry has also announced to open new peaks for expedition under its tourism revival plan. So far, the government has opened peaks for expedition. As per the plan, government is preparing to open additional peaks between 5,800 meters and 8,000 meters. Neema Nuru Sherpa, president of Nepal Mountaineering Association, says that this decision has opened new avenues in the tourism sector.</span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15455', 'image' => '20220731034205_Tourist Arrival (1).jpeg', 'article_date' => '2022-07-31 15:40:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15713', 'article_category_id' => '1', 'title' => 'Chances of Rainfall till Tuesday ', 'sub_title' => '', 'summary' => 'July 31: Rainfall is likely to continue in most parts of the country until Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Rainfall is likely to continue in most parts of the country until Tuesday. Due to the active monsoon system, there is a chance of light to moderate rainfall with thunder and lightning in many parts of the country till Tuesday, said meteorologist at the Department of Hydrology and Meteorology Heera Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Bhattarai, there is possibility of heavy rain in one or two places of Province 1, Bagmati Province, Gandaki Province and Lumbini Province. Monsoon in likely to become more active in the east for the next three days, added Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At present, there is partial to moderate rainfall in few places of Province 1 while there is light to moderate rain with thunder/lightning in Bagmati, Gandaki and Lumbini provinces.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the night, the weather will be cloudy in the mountainous areas of the country, partially cloudy in the rest of the country. Furthermore, there will be light to moderate rainfall with thunder and lightning in few places of the hill areas of the country and heavy rain in one or two places of Madhes province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15454', 'image' => '20220731023730_weather (1).jpg', 'article_date' => '2022-07-31 14:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15712', 'article_category_id' => '1', 'title' => 'NOC will not be Privatized: Minister Badu', 'sub_title' => '', 'summary' => 'July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a programme organized on the occasion of the 27th annual general assembly of Nepal LP Gas Association on Saturday, Minister Badu said the NOC is supplying petroleum products with the assistance of the private sector and it will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the tax imposed on petroleum products has been reduced realizing the government's responsibility, Minister Badu, said reforms in the NOC was needed even by reducing its unnecessary expenses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Badu said that the government was ready to address the issues faced by the private sector and assured that he was working to resolve the private sector's problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief of the Confederation of Nepalese Industries Krishna Adhikari, Senior Vice-President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Dinesh Shrestha and other speakers expressed their opinions on different issues economy including the role of the private sector for the economic development, government policy on reducing consumption of petroleum products among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15453', 'image' => '20220731021855_nocc.jpg', 'article_date' => '2022-07-31 14:18:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15711', 'article_category_id' => '1', 'title' => 'Rs 75 Billion in Welfare Funds of Security Forces', 'sub_title' => '', 'summary' => 'July 31: The funds maintained by security forces have around Rs 75 billion.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Bijay Damase</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 31: The funds maintained by security forces have around Rs 75 billion. The welfare funds of the Nepalese Army, Nepal Police among other security agencies have such a huge fund which is not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The security agencies are unable to mobilize the fund even during the time of financial crisis because of a provision that does not allow the security forces to invest the fund in profit-generating ventures.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The size of army’s welfare fund, which was established years ago with just Rs </span><span style="font-family:"Arial Unicode MS","sans-serif"">12. 4 million, has currently expanded to Rs 69 billion. Out of the total amount, Rs 62 billion has been deposited in various banks. The Army Act has a provision under which the national army itself cannot invest its funds in profit-generating business.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the army which has been paying an annual tax of Rs 500 million has not invested its money in any business, informed any army source. Next year, the army’s welfare fund will get an additional fund of Rs 20 billion.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has invested around Rs 6 billion to operate medical college, school, petrol stations and drinking water for the army in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around Rs 900,000 generated from such non-profit business is used for the welfare of the families of serving and retired army personnel.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around 5,400 army personnel deployed in 12 different missions of the United Nations bring around USD 150 million back to Nepal each year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The recent report of the Auditor General states that the army’s petrol station and fair-price shops operated under the welfare fund do not go through annual audit. The report also suggests that the income generated from the fund should be invested in productive sector.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepalese Army Spokesperson Brigadier General Narayan Silwal says that the army has been investing the money of the welfare fund in necessary areas in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“The army is ready to invest in the productive sector if the government amends the law,” said Silwal.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Police also has its welfare fund worth around Rs 3.61 billion. This amount is also yet to be invested in productive sector. The fund is deposited in bank and the police force reaps the benefit of interest.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force also had established its fund almost two decades ago. The welfare fund of APF has around Rs Rs 2 billion. This amount is also not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Although efforts have been made to bring these funds in the capital market, it has not been possible so far.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15452', 'image' => '20220731113758_army.jpg', 'article_date' => '2022-07-31 11:34:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15710', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Gives ‘Clean Chit’ to Janardan Sharma', 'sub_title' => 'The Probe Committee Finds no Entry of Unauthorized Person to Fix Tax Rate in Budget ', 'summary' => 'July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The parliamentary committee formed to investigate the allegation has finally presented its report to the House of Representatives (HoR). </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Presenting the report in the lower house meeting on Friday, the committee chairperson Laxman Lal Karna said that the committee did not find the entry of unauthorized person in the finance ministry to change the tax rate. The committee shared the finding after studying the CCTV footage and analyzing the ministry's response and documents and discussion with the finance ministry officials, the state-owned national news agency RSS reported. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The probe committee did not find the entry of authorized person to fix the tax rate. As there is a dedicated thematic committee to study the impacts of changes in tax rate, this special committee does not need to devote further time in this matter," the report concluded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The committee had inspected CCTV installation and its recording at the ministry and sent the CCTV footages to the digital forensic lab of the Nepal Police for its recovery. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared based on documents received from the ministry, talks with office bearers, the report and details recovered from the CCTV footages and other evidences received from the Nepal Police, said Karna. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The committee was initially provided 10 days for the investigation and later the deadline was extended by a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then finance minister Janardan Sharma had resigned from his post following the formation of the parliamentary probe committee. Sharma was accused of bringing unauthorized person to the ministry to influence the tax rate on the eve of the budget announcement. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15451', 'image' => '20220731110219_finnnnn.jpg', 'article_date' => '2022-07-31 11:01:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15709', 'article_category_id' => '1', 'title' => 'Brokers and Investors Give Mixed Reaction to SEBON Programmes', 'sub_title' => '', 'summary' => 'July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (SEBON).', '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"">July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (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"">Tara Prasad Phullel, vice president of the Share Investors Association, said that although many old points have been repeated in the policies and programmes for the current fiscal year, he said he is confident that those objectives will be accomplished this year. He said that the old plans have been repeated because they are needed now.</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 expects that the policies and programmes will be implemented without any obstacle as the SEBON chairman has already done important works for the development and expansion of the capital market. </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 the programmes and policies are overall good, the issue of broker license is still not clear,” said Phullel.</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, Santosh Mainali, president of the Stock Brokers Association, said that the policies and programmes are generally good, but the issue of adding brokers is unclear. </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"">“When the president said that the capital structure will be based on the number of licenses, it is not clear whether the NEPSE’s system supports a large number of brokers or not,” 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"">He said that the issue of giving approval to existing brokers for branch expansion and provision of sub-broker services is not mentioned this year.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15450', 'image' => '20220729053845_sebon.jpg', 'article_date' => '2022-07-29 17:38:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15708', 'article_category_id' => '1', 'title' => 'Yeti Airlines Aircraft makes Safe Landing after Engine Malfunction', 'sub_title' => '', 'summary' => 'July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, the aircraft returned back to Pokhara after its engine malfunctioned.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dev Raj Subedi, information officer of Pokhara Airport, told RSS that the aircraft with call sign '9-NANG' returned safely to Pokhara six minutes after take-off. According to Subedi, the aircraft carrying 45 passengers had left Pokhara at 8:45 am. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15449', 'image' => '20220729052841_31534744547_53f0fff7b5_b.jpg', 'article_date' => '2022-07-29 17:28:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15707', 'article_category_id' => '1', 'title' => 'SEBON Introduces New Policies and Programmes', 'sub_title' => '', 'summary' => 'July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. ', '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"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </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"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</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 board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </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 argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</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"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</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 also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</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 board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </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 board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</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 board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this 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"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture 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"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</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 new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15448', 'image' => '20220729040434_Sebonnn.jpg', 'article_date' => '2022-07-29 16:03:56', '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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There is a plan to sell Sitaram's ghee, cottage cheese, flavored milk, and curd through the sales outlets. The company will also operate a cafe there. The company says that tea, coffee, and other dairy products will also be served at the sales center.</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 company’s president Sumit Kedia said that the company had spent around Rs 1.5 million on setting up a sales center with a cafe. "There is a plan to open a sales center soon to deliver Sitaram products to every area in the Kathmandu valley," said Kedia, "Because there is a lot of work left for that, it is not possible to say at which place it will be opened."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Sitaram Gokul Milks also gives its franchise to other dairy operators to increase consumer access to its products. So far, four dairies in Kalimati, Patan, Lazimpat and Chabahil have taken the franchise of Sitaram.</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 company has plans to produce new dishes from next January. Kedia said that the plan has been made according to the demand of the consumers. In the first phase, as a test, the company produced and sent a small quantity of curd, lassi, ice cream, cottage cheese, flavored milk and other products to the market. Kedia said that there is a plan to produce the same products in large quantities soon as there has been a positive response from the market. Sitaram's production plant is at Veshyapati in Kirtipur.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">According to Kedia, the total cost of the new production and sales center will be around Rs150 million. Along with adding new products, the company will also add 10 percent manpower. The company is currently in the process of bringing in technology from abroad, adding manpower, and discussing issues with experts.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">About 4500 people are directly and indirectly employed by this company, which started its business 25 years ago. Around 100,000 families from Chitwan, Rupandehi, Nawalparasi, Kavre, Morang, Bara, and Sarlahi districts are connected with this company. Around Rs 2.4 million go to the village every day through the company. Kedia informed that the company has also established a research and development lab with an investment of around Rs 20 million.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15462', 'image' => '20220801061710_1659346297.jpg', 'article_date' => '2022-08-01 18:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '15720', 'article_category_id' => '1', 'title' => 'Task Force Submits Feasibility Study Report for Construction of Labor Hospital', 'sub_title' => '', 'summary' => 'August 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday.', '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 1: The Labor Hospital Construction Feasibility Study Task Force submitted its 35-page report to Minister for Labor, Employment and Social Security Sher Bahadur Kunwar on Sunday. The study team submitted the report after studying the feasibility of the resources required for the construction of labor hospitals in different parts of 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"">The report mentions the needs, objectives, rationale, efforts, mandate, resource management, possibilities and challenges of constructing labour hospital in Nepal. In addition, the task force also conducted on-site discussions, studies and monitoring in Biratnagar, Bara and Bhairahawa for the construction of hospitals. </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"">Realizing the need of labor hospital in Nepal, the task force made 13 suggestions for the construction of such hospital.</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 task force, about Rs 20 billion will be required in addition to 10 bighas of land for the construction of the hospital with 500 to 1,000 beds and in the long term it needs up to 25 bighas of land. However, the task force suggested that the construction should not be stopped because of the land issue and that the construction of the hospital should be started even if just 5 bighas of land is available.</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"">Dipak Kafle, coordinator of the task force and Joint Secretary at the Ministry of Labor, said that the hospital needs to be constructed as soon as possible as the government has already agreed in principle to construct the labour hospital.</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 task force concluded that it would be appropriate to establish a Labor Hospital Development Project Office under the ministry to immediately issue an order for the construction and operation of a labor hospital and complete the administrative work of land 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"">The report also mentions consultation and suggestions of various agencies regarding the search for suitable location for the establishment of the labor hospital and the method of operating the hospital.</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 decided to proceed with the establishment of Labor Hospital in Nepal through the cabinet meeting on February 17, 2022, handing the responsibility to the Ministry of Labor. </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 task force was formed to study the feasibility of constructing a labor hospital with representatives from the Ministry of Health, Forestry and Land on how to proceed with the implementation process, under the coordination of Joint Secretary Dipak Kafle of the Ministry of Labor.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15461', 'image' => '20220801033512_1659307088.Clipboard28.jpg', 'article_date' => '2022-08-01 15:34:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '15719', 'article_category_id' => '1', 'title' => 'Civil Aviation Authority Announces Budget of Rs 41 Billion', 'sub_title' => '', 'summary' => 'August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">August 1: The Civil Aviation Authority of Nepal (CAAN) has announced a budget of Rs 41.85 billion for the current fiscal year (FY 2022/23). </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has revised its target of generating income by double but its capital expenditure made public on Sunday is less than that of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority allocated Rs 26.82 billion for current expenditure in the current year, including the improvement of Tribhuvan International Airport and infrastructure development of Gautam Buddha International Airport, Pokhara Regional International Airport and other airports. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">CAAN has increased its income target to Rs 14.32 billion. In the last fiscal year, the capital expenditure of the authority was Rs 32.35 billion but half was not spent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">According to the authority, only 41.70 percent (Rs 13.36 billion) of the budget allocated during last year was spent. In the last fiscal year, the authority had set an income target of Rs 6.38 billion rupees and earned 7.44 billion rupees. The authority, which earned 16.67 percent more compared to previous year, is aiming to earn Rs 14.32 billion in the current fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Last year, the total budget of the authority was Rs 43.67 billion. The authority has prioritized airport infrastructure development, airport operation, the strengthening of aviation and air safety in the budget and its programmes.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt"> Similarly, the budget prioritized the construction of an international terminal building at the Tribhuvan International Airport (TIA), the parking way of the same airport and a master plan of the terminal building while the construction of the arrival hall of TIA's internal terminal building is also in top priority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The goal is to construct a terminal building, a new parallel taxiway, apron and other infrastructure at the Gautam Buddha International Airport under a multi-year contract, and complete the work of the security building and the roads and bridges within the airport. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The budget mentions that works such as cutting down the hill of Rithepani and river control at the Pokhara International Airport will be carried out.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority also has a plan to recommend the government regarding the construction of Nijgadh International Airport. Budget and programmes of CAAN was presented by Pradip Adhikari, director general of the authority.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:16.0pt">The authority is going to construct new terminal buildings at Mahendranagar, Biratnagar, Rara, Jumla, Bharatpur and Ramechhap airports in the current fiscal year.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15460', 'image' => '20220801024119_CAAN.jpg', 'article_date' => '2022-08-01 14:40:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '15718', 'article_category_id' => '1', 'title' => 'Gautam Shree Cooperative turns Problematic', 'sub_title' => '', 'summary' => 'August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">August 1: Kuleshwar-based Gautam Shree Multipurpose Cooperative has become problematic as it is unable to return the amount saved by its customers. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">People who had deposited their savings filed a complaint at the Department of Cooperatives on Sunday seeking action against the cooperative after its chairman Ram Bahadur Gautam went out of contact. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Following the complaint, the department has issued a notice to concerned bodies to halt the transactions of the cooperative as well as departmental store run by the cooperative along with all its moveable and non-moveable assets. The department has also issued an order to freeze the bank account of the cooperative.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We have requested the police to halt the sale of assets of the company. We have also sought the help from police to bring other board members of the cooperative for questioning,” said Rudra Prasad Pandit, registrar of the department.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We will recommend for further action based upon the complaint filed by the victims,” he added.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the Cooperatives Act <span style="font-family:"Arial","sans-serif"">2077, the cooperatives that fail to return the savings of the customers will be declared problematic by the Ministry of Land Management, Cooperatives and Poverty Alleviation and sent to the Problematic Cooperative Management Committee for settlement of liabilities. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The department informed that further action will be taken only after conducting detailed study about the complaint and after discussing the issue with the board members of the cooperatives.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Prior to this, the government had declared around a dozen cooperatives, including Oriental Cooperative, as problematic but the committee has not been able to settle the liabilities of any of the problematic cooperatives. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">After the operator of Gautam Shree Multipurpose Cooperative went out of contact, Everest Bank has already sealed the building owned by the cooperative.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The bank has also invested in the private residence and other businesses of Chairman Gautam.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Everest Bank has issued a notice about sealing the property at the building.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The government is unaware about the transactions of the cooperative because it has not held its annual general meeting since a long time and has also failed to submit its report to the department.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Members of the cooperative have alleged that Gautam used the deposits of the cooperative in financing his private business and housing. Gautam has been operating Gautam Shree Departmental Store as well as dairy and a cow farm in Kavre.He is also actively involved in importing machineries from abroad.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Of late, cooperatives are facing problems due to liquidity crisis.</span> They are under pressure after Banks and Financial Institutions stopped credit flow to the cooperatives. Due to this reason, may cooperatives are unable to return the savings of the customers.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15459', 'image' => '20220801033631_1659329210.Sahakari.jpg', 'article_date' => '2022-08-01 10:25:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '15717', 'article_category_id' => '1', 'title' => 'Janardan Sharma Re-appointed Finance Minister ', 'sub_title' => '', 'summary' => 'August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 1: Maoist leader Janardan Sharma, who stepped down as finance minister after a parliamentary probe committee was formed to investigate his alleged involvement in changing the tax rate under the influence of unauthorized persons, has finally returned to his office after 25 days. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Sharma was reappointed finance minister on Sunday after the parliamentary special probe committee gave him a clean chit due to lack of sufficient evidences to establish his role in bringing unauthorized persons into the Finance Ministry on the eve of budget announcement on May 28.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bidya Devi Bhandari appointed Janardan Sharma as the finance minister upon the recommendation of Prime Minister Sher Bahadur Deuba. Maoist Centre had earlier urged Deuba to reappoint Sharma to his former post after the parliamentary probe committee submitted its report to the House of Representatives.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba was looking after the finance ministry after Sharma tendered his resignation on July 6 last month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The main opposition party CPN UML had been intensifying its protest after Sharma was accused of bringing unauthorized persons in the ministry to change the tax rates. Speaker of the House of Representatives then formed an 11-member probe committee on July 6 to investigate the allegations against Sharma after which he stepped down. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">President Bhandari administered oath of office and secrecy to Sharma amid a function on Sunday evening. Soon after taking oath, Sharma reached the finance ministry and assumed his responsibilities. Finance Secretary Madhu Kumar Marasini was absent while Sharma took oath of office on Sunday. Marasini, who is said to be close to Sharma in the past, did not cooperate with him this time while Sharma was in crisis. When the CPN UML warned of obstructing the parliament if Sharma did not resign, Marasini took an indefinite leave citing health problem. However, Marasini returned to office the very next day after Sharma resigned from his post. It is believed that Marasini will be in ethical problem after the reinstatement of Sharma.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue Secretary Krishna Hari Pushkar had welcomed Sharma after his reinstatement as finance minister. After returning to his office, Finance Minister Sharma said that he had announced a budget to substitute imports and instructed the concerned officials to implement the provision.</span></span></span></p> <p> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> ', 'published' => true, 'created' => '2022-08-01', 'modified' => '2022-08-01', 'keywords' => '', 'description' => '', 'sortorder' => '15458', 'image' => '20220801095426_20220706084444_1657104464.Janardan Sharma 1.jpg', 'article_date' => '2022-08-01 09:53:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '15716', 'article_category_id' => '1', 'title' => 'Chitwan National Park Distributes Rs 30 Million as Relief for People affected by Wildlife', 'sub_title' => '', 'summary' => 'July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal 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"">July 31: The Chitwan National Park has distributed more than Rs 30 million as relief for the people affected by wildlife in the last fiscal year. The total relief distribution amounted to Rs 30.473 million.</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 national park office, relief of Rs 20.20 million was distributed to the families of people who lost their lives due to the attack of wild animals during the review period. </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, as per the information provided by the park officials, Rs 2,911,000 was distributed to the families of seriously injured people and Rs 537,000 to the families of people who suffered minor injuries. </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 park, Rs 1,782,000 was distributed to the families who suffered loss of livestock, Rs 54,000 to the families whose stored grain was damaged, Rs 147,000 to the families who lost their houses and Rs 3,399,000 to the families who lost their crops. </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"">As informed by the office, during the review year period, 22 people died in the attacks of wild animals, 24 people were seriously injured and 29 people were slightly injured. Other incidents involved 148 cases of livestock damage, 6 cases of stored grain damage, 19 cases of household damage and 476 cases of crop damage.</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"">Ganesh Prasad Tiwari, the information officer of the national park, said that the incidents of wildlife attacks and damage increased last year as compared to the previous 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"">“Recently, it seems that there has been an increase in incidents of damages caused by wild animals. Increase in wildlife population has also resulted in encroachment of human settlements,” 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"">Tiwari informed that there has been an increase in relief distribution along with increased cases last year. He also informed that human damages occurred in the main area of the park as well, however, there is a provision to distribute relief only in cases of damage caused by wild animals outside the main area. He said that some of the victims’ families are in the process of receiving relief and only those who have completed the process are provided with relief.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15457', 'image' => '20220731055215_National-Park.jpg', 'article_date' => '2022-07-31 17:51:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '15715', 'article_category_id' => '1', 'title' => 'Has Restrictions Reduced Imports of Banned Goods?', 'sub_title' => '', 'summary' => 'July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">July 31: Nepal Rastra Bank (NRB) and the Government of Nepal has imposed restrictions since last winter in order to minimize the impact of Nepal’s trade deficit on foreign exchange reserves. After the foreign exchange reserves started declining, the central bank issued a quota system on import of silver on November 29, 2021 restricting the import of silver worth more than USD 3500 at a time.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Three weeks later, the NRB introduced a provision on December 20 requiring 50 to cent percent cash margin for importing goods under 20 different harmonic codes. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The central bank also lowered the limit on imports through document against payment (DAP), document against assessment (DAA) and TT. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">One month later, the central bank added 27 more items to the list of goods that require 50 to 100 percent cash margin for imports. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">After these steps failed to discourage imports, the central bank in early April issued a verbal directive to the commercial banks not to open LC for the import of luxury items such as vehicles for private use and liquor.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On top of it, the Ministry of Industry, Commerce and Supplies issued a notice in the Nepal Gazette on April 26 banning the import of certain goods till the end of the last fiscal year (FY 2021/22). Those goods included vehicles for private use, motorcycle of more than 250 cc capacity, smartphones worth more than USD 600, television sets of 32 inches and above, playing cards, diamonds, ready-made liquor, chips such as Lays and Kurkure, toys and tobacco products. The ban on imports of those products was later extended till August 30. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It seems that the government tried to restrict the imports of the same goods towards the end of the fiscal year that were imported without any hindrance during the start of the last fiscal year. Those ten goods were completely banned in the last two and a half months of the last fiscal year. Despite the ban, the import of three of the ten items have declined while the import of the remaining seven items has increased instead, according to the date released by the Department of Customs.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period, the import of chips such as Lays and Kurkure, playing cards and vehicles of more than 250 cc capacity has declined. On the other hand import of products such as liquor, tobacco products, smartphones, toys, diamond, vehicles and television sets has increased. </span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15456', 'image' => '20220731054110_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2022-07-31 17:40:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '15714', 'article_category_id' => '1', 'title' => 'Government Plans to Develop Hill Stations, Open New Peaks under Tourism Revival Plan', 'sub_title' => '', 'summary' => 'July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. ', 'content' => '<p><span style="font-size:16px">July 31: Stakeholders have expressed solidarity with the programmes announced by the government for the revival of the tourism sector. They had been demanding government intervention in revitalizing the tourism sector that has been badly affected by the coronavirus pandemic.</span></p> <p><span style="font-size:16px">The government is now preparing to announce the Tourism Decade.</span></p> <p><span style="font-size:16px">The government will be making necessary preparations till the end of 2022 in order to announce the Tourism decade from 2023 to 2033, informed Hom Prasad Luitel, joint secretary at the Ministry of Culture, Tourism and Civil Aviation.</span></p> <p><span style="font-size:16px">“This year is about to end and so we will make necessary preparations to announce the Tourism Decade,” said Luitel, adding, “We will first plan what we will be doing throughout the next decade and then make an announcement next year.”</span></p> <p><span style="font-size:16px">The government has also included development of hill station in its plan. According to Luitel, the ministry has written a letter to the Nepal Tourism Board to prepare a plan to develop hill station and submit it within a week. He said that the NTB itself will prepare a separate plan for the development of hill station.</span></p> <p><span style="font-size:16px">The government is planning to conduct a feasibility study about developing hill stations in Pathibhara, Shey Phoksundo, Khaptad and Rara in collaboration with the provinces, local governments and private sector in line with the principle of diversification of tourism sector.</span></p> <p><span style="font-size:16px">Private sector stakeholders say that they are ready to invest if the government prepares necessary infrastructures needed for developing hill stations.</span></p> <p><span style="font-size:16px">Hoteliers of Kathmandu are also ready to invest in hill stations. One of the hoteliers told New Business Age that they are ready to invest if the government sets up infrastructures such as roads, electricity and drinking water facility.</span></p> <p><span style="font-size:16px">The arrival of tourists in Nepal had declined by percent in 2020 compared to 2019. Nevertheless, the arrival of tourists has started improving since the beginning of 2022.</span></p> <p><span style="font-size:16px">The tourism ministry has prepared a 58-point plan to revive the tourism industry and is working accordingly to implement it.</span></p> <p><span style="font-size:16px">Senior Vice President of the Hotel Association of Nepal Binayak Shah says that the government’s announcement of plans to revive the tourism sector is a positive step.</span></p> <p><span style="font-size:16px">“There was a need of a clear roadmap to revive the tourism sector and we wanted government’s cooperation in this regard,” said Shah, adding that they had given suggestions to the government about it. He further said that the government’s tourism revival plan should not be focused on garnering support for the upcoming election.</span></p> <p><span style="font-size:16px">He says that the plan of announcing the Tourism Decade is an ambitious plan. He says that government announces plans but the implementation part is mostly weak.</span></p> <p><span style="font-size:16px">The ministry has also announced to open new peaks for expedition under its tourism revival plan. So far, the government has opened peaks for expedition. As per the plan, government is preparing to open additional peaks between 5,800 meters and 8,000 meters. Neema Nuru Sherpa, president of Nepal Mountaineering Association, says that this decision has opened new avenues in the tourism sector.</span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15455', 'image' => '20220731034205_Tourist Arrival (1).jpeg', 'article_date' => '2022-07-31 15:40:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '15713', 'article_category_id' => '1', 'title' => 'Chances of Rainfall till Tuesday ', 'sub_title' => '', 'summary' => 'July 31: Rainfall is likely to continue in most parts of the country until Tuesday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Rainfall is likely to continue in most parts of the country until Tuesday. Due to the active monsoon system, there is a chance of light to moderate rainfall with thunder and lightning in many parts of the country till Tuesday, said meteorologist at the Department of Hydrology and Meteorology Heera Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Bhattarai, there is possibility of heavy rain in one or two places of Province 1, Bagmati Province, Gandaki Province and Lumbini Province. Monsoon in likely to become more active in the east for the next three days, added Bhattarai. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At present, there is partial to moderate rainfall in few places of Province 1 while there is light to moderate rain with thunder/lightning in Bagmati, Gandaki and Lumbini provinces.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the night, the weather will be cloudy in the mountainous areas of the country, partially cloudy in the rest of the country. Furthermore, there will be light to moderate rainfall with thunder and lightning in few places of the hill areas of the country and heavy rain in one or two places of Madhes province. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15454', 'image' => '20220731023730_weather (1).jpg', 'article_date' => '2022-07-31 14:36:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '15712', 'article_category_id' => '1', 'title' => 'NOC will not be Privatized: Minister Badu', 'sub_title' => '', 'summary' => 'July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: Minister for Industry, Commerce and Supplies Dilendra Prasad Badu has said the Nepal Oil Corporation (NOC) will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at a programme organized on the occasion of the 27th annual general assembly of Nepal LP Gas Association on Saturday, Minister Badu said the NOC is supplying petroleum products with the assistance of the private sector and it will not be privatized. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the tax imposed on petroleum products has been reduced realizing the government's responsibility, Minister Badu, said reforms in the NOC was needed even by reducing its unnecessary expenses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Badu said that the government was ready to address the issues faced by the private sector and assured that he was working to resolve the private sector's problems. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Acting Chief of the Confederation of Nepalese Industries Krishna Adhikari, Senior Vice-President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Dinesh Shrestha and other speakers expressed their opinions on different issues economy including the role of the private sector for the economic development, government policy on reducing consumption of petroleum products among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15453', 'image' => '20220731021855_nocc.jpg', 'article_date' => '2022-07-31 14:18:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '15711', 'article_category_id' => '1', 'title' => 'Rs 75 Billion in Welfare Funds of Security Forces', 'sub_title' => '', 'summary' => 'July 31: The funds maintained by security forces have around Rs 75 billion.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Bijay Damase</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">July 31: The funds maintained by security forces have around Rs 75 billion. The welfare funds of the Nepalese Army, Nepal Police among other security agencies have such a huge fund which is not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The security agencies are unable to mobilize the fund even during the time of financial crisis because of a provision that does not allow the security forces to invest the fund in profit-generating ventures.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">The size of army’s welfare fund, which was established years ago with just Rs </span><span style="font-family:"Arial Unicode MS","sans-serif"">12. 4 million, has currently expanded to Rs 69 billion. Out of the total amount, Rs 62 billion has been deposited in various banks. The Army Act has a provision under which the national army itself cannot invest its funds in profit-generating business.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Therefore, the army which has been paying an annual tax of Rs 500 million has not invested its money in any business, informed any army source. Next year, the army’s welfare fund will get an additional fund of Rs 20 billion.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army has invested around Rs 6 billion to operate medical college, school, petrol stations and drinking water for the army in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around Rs 900,000 generated from such non-profit business is used for the welfare of the families of serving and retired army personnel.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Around 5,400 army personnel deployed in 12 different missions of the United Nations bring around USD 150 million back to Nepal each year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The recent report of the Auditor General states that the army’s petrol station and fair-price shops operated under the welfare fund do not go through annual audit. The report also suggests that the income generated from the fund should be invested in productive sector.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepalese Army Spokesperson Brigadier General Narayan Silwal says that the army has been investing the money of the welfare fund in necessary areas in line with the Army Act.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">“The army is ready to invest in the productive sector if the government amends the law,” said Silwal.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nepal Police also has its welfare fund worth around Rs 3.61 billion. This amount is also yet to be invested in productive sector. The fund is deposited in bank and the police force reaps the benefit of interest.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Armed Police Force also had established its fund almost two decades ago. The welfare fund of APF has around Rs Rs 2 billion. This amount is also not invested anywhere.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Although efforts have been made to bring these funds in the capital market, it has not been possible so far.</span></span></span></p> <p> </p> <p> </p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15452', 'image' => '20220731113758_army.jpg', 'article_date' => '2022-07-31 11:34:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '15710', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Gives ‘Clean Chit’ to Janardan Sharma', 'sub_title' => 'The Probe Committee Finds no Entry of Unauthorized Person to Fix Tax Rate in Budget ', 'summary' => 'July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 31: The parliamentary special probe committee has given ‘clean chit’ to the then finance minister Janardan Sharma in a case related to his alleged involvement in changing the tax rates under the influence of unauthorised persons.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The parliamentary committee formed to investigate the allegation has finally presented its report to the House of Representatives (HoR). </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Presenting the report in the lower house meeting on Friday, the committee chairperson Laxman Lal Karna said that the committee did not find the entry of unauthorized person in the finance ministry to change the tax rate. The committee shared the finding after studying the CCTV footage and analyzing the ministry's response and documents and discussion with the finance ministry officials, the state-owned national news agency RSS reported. </span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The probe committee did not find the entry of authorized person to fix the tax rate. As there is a dedicated thematic committee to study the impacts of changes in tax rate, this special committee does not need to devote further time in this matter," the report concluded. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The committee had inspected CCTV installation and its recording at the ministry and sent the CCTV footages to the digital forensic lab of the Nepal Police for its recovery. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared based on documents received from the ministry, talks with office bearers, the report and details recovered from the CCTV footages and other evidences received from the Nepal Police, said Karna. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The committee was initially provided 10 days for the investigation and later the deadline was extended by a week. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The then finance minister Janardan Sharma had resigned from his post following the formation of the parliamentary probe committee. Sharma was accused of bringing unauthorized person to the ministry to influence the tax rate on the eve of the budget announcement. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-07-31', 'modified' => '2022-07-31', 'keywords' => '', 'description' => '', 'sortorder' => '15451', 'image' => '20220731110219_finnnnn.jpg', 'article_date' => '2022-07-31 11:01:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '15709', 'article_category_id' => '1', 'title' => 'Brokers and Investors Give Mixed Reaction to SEBON Programmes', 'sub_title' => '', 'summary' => 'July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (SEBON).', '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"">July 29: Stock brokers and investors have expressed mixed reactions to the policies and programmes of announced by the Securities Board of Nepal (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"">Tara Prasad Phullel, vice president of the Share Investors Association, said that although many old points have been repeated in the policies and programmes for the current fiscal year, he said he is confident that those objectives will be accomplished this year. He said that the old plans have been repeated because they are needed now.</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 expects that the policies and programmes will be implemented without any obstacle as the SEBON chairman has already done important works for the development and expansion of the capital market. </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 the programmes and policies are overall good, the issue of broker license is still not clear,” said Phullel.</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, Santosh Mainali, president of the Stock Brokers Association, said that the policies and programmes are generally good, but the issue of adding brokers is unclear. </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"">“When the president said that the capital structure will be based on the number of licenses, it is not clear whether the NEPSE’s system supports a large number of brokers or not,” 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"">He said that the issue of giving approval to existing brokers for branch expansion and provision of sub-broker services is not mentioned this year.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15450', 'image' => '20220729053845_sebon.jpg', 'article_date' => '2022-07-29 17:38:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '15708', 'article_category_id' => '1', 'title' => 'Yeti Airlines Aircraft makes Safe Landing after Engine Malfunction', 'sub_title' => '', 'summary' => 'July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 29: An aircraft of Yeti Airlines that took off from Pokhara to Kathmandu this morning (Friday) made a safe landing back in Pokhara six minutes later following a technical problem.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, the aircraft returned back to Pokhara after its engine malfunctioned.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Dev Raj Subedi, information officer of Pokhara Airport, told RSS that the aircraft with call sign '9-NANG' returned safely to Pokhara six minutes after take-off. According to Subedi, the aircraft carrying 45 passengers had left Pokhara at 8:45 am. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15449', 'image' => '20220729052841_31534744547_53f0fff7b5_b.jpg', 'article_date' => '2022-07-29 17:28:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '15707', 'article_category_id' => '1', 'title' => 'SEBON Introduces New Policies and Programmes', 'sub_title' => '', 'summary' => 'July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. ', '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"">July 29: Securities Board of Nepal (SEBON) has announced its plan to add stock brokers in the secondary market due to excessive rise in the number of transactions. The board made such announcement while unveiling its policies and programmes for the current fiscal year (FY 2022/23) on Thursday. </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"">With the scope of the secondary market widening, chairman of the board Ramesh Kumar Hamal said that SEBON took a decision to this effect considering the need to increase the number of securities brokers and services and facilities.</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 board has made preparations to issue three types of broker licenses. Based on the services provided by the broker company, the board has plans to issue new broker licenses to companies with paid-up capital ranging from Rs 200 million to 1.5 billion. </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 argued that the board arranged capital structure as an opportunity to the stock brokers, who were demanding an increase in their scope of work. Hamal expressed that more capital is needed to increase the scope of work and seeing the profit that the current brokers is earning, there should be no problem. He says that the current broker can choose the path of merger to solve the problem related to the capital expansion.</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"">Many points of the policies and programs are just repetition of the past policies. In the past, there was a matter of giving broker license to bank subsidiaries. This year, it seems that anyone who meets the capital structure and the prescribed criteria set by the board will get a license.</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 also a plan to list commercially successful companies in the secondary market. In addition, there are plans to include public limited companies with capital of Rs 1 billion or more in the secondary market. The ASBA and C-ASBA system will be improved so that Nepalese employed abroad can apply for IPO.</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 board said that the policies, procedures and technology necessary to bring other companies to the securities market will be arranged. Hamal said that the secondary market transaction will be made completely based on electronic technology to facilitate linking the transaction system with the bank and Demat accounts of the investors. </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 board, to operate the book building system in a sustainable and transparent manner, the internationally used automated electronic auction system will be prepared and established companies will be introduced in the securities market.</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 board, the regulations related to the warehouses for the operation of the commodity exchange market, the regulations related to commodity trading brokers and market makers, and the regulations related to clearance and settlement, which have been in the board's plan for a long time, will be prepared this 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"">The board has a policy of allowing entrepreneurs and innovators who do not have enough capital to mobilize capital and professional knowledge through private equity and venture 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"">The issue of coordinating and facilitating the development of the automatic trading system of government bonds has also been given continuity in the new policies and programmes.</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 new policy, the work of the board will be made high-tech and information technology-friendly in order to provide speedy service. There is a plan to make the supervision system agile through artificial intelligence and discourage manipulation and unfair activities in the market.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-07-29', 'modified' => '2022-07-29', 'keywords' => '', 'description' => '', 'sortorder' => '15448', 'image' => '20220729040434_Sebonnn.jpg', 'article_date' => '2022-07-29 16:03:56', '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
