November 17: Nepal's coffee export increased by 66 percent during the last fiscal…
November 17: Nepal's coffee export increased by 66 percent during the last fiscal…
November 17: Israel has expressed its readiness to create more employment opportunities for Nepali…
November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate…
November 16: Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in…
November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee…
November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life.…
November 16: The Insurance Board has issued a separate directive for accidental insurance.…
November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic.…
November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic…
November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November…
November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel…
November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional…
November 15: The state-owned Food Management and Trading Company (FMTC) which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government has delayed purchasing the…
November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel…
November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets.…
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According to the board, the authentic taste and quality of coffee produced in Nepal have enabled the products to be sold at high price in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also unveiled plans to announce programmes to attract youths towards coffee farming. Executive Director Bhattarai informed that the programme will be launched in the upcoming fiscal year to give employment opportunities to youth as well as to contribute to the country's prosperity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board further informed that it has already prepared plans to develop pocket areas of coffee farms into coffee estates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also fixed the minimum support price of coffee for farmers effective from November 17 on the occasion of the 17<sup>th</sup> Coffee Day. According to the board, the minimum support price of coffee was determined by taking into consideration the suggestions provided by stakeholders and the cost incurred by the farmers. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">As per the price list unveiled by the board, the support price of Fresh Cherry Grade A Coffee has been fixed at Rs 90 per kg. According to Executive Director Bhattarai, the price of Grade B coffee has been fixed at Rs 80 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of Parchment Grade A Coffee has been fixed at Rs 450 per kg while that of Grade B has been fixed at Rs 397 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the price of Dry Cherry Grade A Coffee has been fixed at Rs 148 per kg and the price of Grade B of the same category of coffee is Rs 95 per kg.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14056', 'image' => '20211117113916_20190418012512_aaaaa.jpg', 'article_date' => '2021-11-17 11:38:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14310', 'article_category_id' => '1', 'title' => 'Israel Pledges to Create more Employment Opportunities for Nepali Labourers ', 'sub_title' => '', 'summary' => 'November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Israel's ambassador to Nepal Hanan Goder made such commitment during a meeting with Minister for Labour, Employment and Social Security Krishna Kumar Shrestha at the latter's office on Tuesday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Ambassador Goder said that Israel was ready to provide jobs for the Nepalis in other professions besides 'care-givers'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Labour, Employment and Social Security, during the meeting Minister Shrestha requested Israel's envoy Goder to help create work opportunities for the Nepalis in other sectors as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, there are around 12,000 Nepalis labourers working in Israel. As per the labour pact inked between Nepal and Israel in 2020, Israel has provided work opportunities for 1,175 Nepali workers as care-giver who are all set to fly to Israel after completing required tests and examinations. -- RSS</span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14055', 'image' => '20211117081814_Flag-Pins-Nepal-Israel_600x600.jpg', 'article_date' => '2021-11-17 08:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14309', 'article_category_id' => '1', 'title' => 'Prime Minister Deuba in Favour of Clean Energy', 'sub_title' => '', 'summary' => 'November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change. </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"">Addressing the 20th annual general assembly of Independent Power Producers' Association Nepal on Tuesday, he laid emphasis on the need of involvement of all to lessen the impacts of climate change. Deuba added that the problem is getting worse due to bio fuel and increase in incidents of natural disaster like landslide and unseasonal rainfall. </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 prime minister was of the view that although "we have not created problems related to climate change, we have been affected by it." Therefore, he stressed on the need of developing clean energy to resolve this problem. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba said that the mountains are becoming bare and "we should be alert on time" as it would invite a serious crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that the government would formulate a special action plan in order to promote the use of electric vehicles and induction oven. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba added that the government is ready to provide grants to promote clean energy and also assured to provide all types of support to resolve the problems faced by the energy sector. </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14054', 'image' => '20211117080738_shutterstock_275198234.jpg', 'article_date' => '2021-11-17 08:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14308', 'article_category_id' => '1', 'title' => 'Stakeholders Stress on Prioritizing Green Financing in Nepal', 'sub_title' => '', 'summary' => 'November 16: Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16:<strong> </strong>Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Siddhant Pandey, chairman and CEO of Business Oxygen Private Limited shared that Green SME Financing is a new topic for an underdeveloped country like Nepal. However, there are tremendous possibilities in the area of Green Financing to expand, he said while speaking at a panel discussion organized by Nepal Economic Forum on the topic of Exploring Challenges and Opportunities Post COP 26 at Hotel Himalaya. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, he appreciated the government's effort in being proactive regarding the issue and actively drafting regulations to improve Green Investment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">“However, we have failed to implement the regulations in time,” he said, adding, </span>“We are in the starting phase and haven't done much, it will take time and eventually flourish in the days to come.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">P2P collaboration can bring in a lot of initiative to overcome the current challenges and channelize the fund, Pandey further said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing aims to eject funds for reducing carbon emissions or raising resource efficiency. In simple words, green investment aims at supporting business practices that have a favorable impact on the environment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, Chandni Singh, private sector development advisor to the British Embassy, shared that prioritization of Green Financing is important for it to flourish in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that Nepal should learn from the experiences of other countries for the promotion and implementation of Green Financing in 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:"Times New Roman","serif"">Equity ventures like BO2 and Dolma have been investing in green energy in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Singh also added that SMEs have a huge potential in the sectors of energy, agriculture, and tourism with Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the discussion, the panelist kept their views on the limitation of funds on funding SMEs through Green Financing. The panelists also shared that the SMEs in Nepal are unable to receive sufficient funds due to the lack of collateral. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Another panelist Anupa Rimal Lamichhane, regional manager of Asia Pacific Green Climate Fund, shared her work experiences on Green Financing. She gave some examples from her previous work experiences in Chile and Africa on funding programs under Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“</span></span><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In Nepal, we have been channeling the funds with the private sector but we have been working with the government to facilitate them. The government needs to take the initiative to implement right sort of regulation to get in FDI for Green Financing projects,” she shared. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that the government should prioritize climate financing, plan projects that the country needs under it, build the capacity of the entire value chain and the project. Enabling the environment in the country by amending policies and regulations is crucial, she added.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing is a part of the Paris Agreement to reduce carbon emissions through public-private collaboration. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government aims to collect Rs 25 billion from Climate Finance by 2045. Stakeholders share that it is an ambitious goal set by the government that requires heavy investment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, Peter Mousley, lead private sector specialist at the World Bank Nepal, shared that a lot of initiative has been taken in Climate Financing. However, there is a lot that needs to be done, he added. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He shared that the lack of accurate data is one of the major problems to track the situation. This is where the regulator comes in and the government can help. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The core focus of Green Financing lies on ventures or enterprises that are committed to the conservation of natural resources, pollution reduction, or other environmentally conscious business practices, which also benefit society. However, the panelists shared that green investment tends to be slightly more specific. According to them, green investments can also refer to companies that have other lines of business but focus on green-based initiatives or product lines.</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Investors want to put their investment not in the SME but in the companies with results, the panelist shared. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14053', 'image' => '20211116091537_shutterstock-586341557-unsplash.jpg', 'article_date' => '2021-11-16 21:14:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14306', 'article_category_id' => '1', 'title' => 'Insurance Board Introduces Insurance Policy for Coffee Farming', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products</span>.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The board has implemented the insurance policy in line with the Crop and Livestock Insurance Directive-2069. The policy has come into effect from Monday, November 15.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Insurance Board has been coming up with policies under agriculture and animal husbandry. Rajuraman Poudel, managing director of the board, said that the new policy has been introduced to insure coffee farming. He said that the insurance policy has been prepared to cover most of the risks in coffee farming.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">This insurance policy covers the damage caused by fire, hurricane, storm, flood, inundation, hailstorm, snowfall, frost, drought, lightning, landslide, earthquake, natural calamity, insects and other diseases. In addition, this insurance policy provides accidental insurance of Rs 200,000 to coffee farmers.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">However, the insurance will not cover the indirect loss in coffee farming and the damage caused by the authorized body. Insurance companies are not liable to pay for the losses caused by radiation, nuclear, chemical and biological weapons, war or war-like conditions. Likewise, partial insurance is not available for coffee planted in the same area. The policy holder needs to insure the entire coffee farming area in order to avail the service.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The sum of insured amount of the entire farm will be calculated based on the number of coffee plants, price per plant and production cost. The premium will be determined at the rate of five percent of the assured amount. However, the insurance premium can be paid by deducting the premium subsidy provided by the government. Currently, the government provides 80 percent subsidy in agricultural insurance. Accordingly, the farmers are required to pay 20 percent insurance premium. For additional accidental insurance service, an extra premium of Rs 500 has to be paid.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The insured amount of coffee farming should be verified by the National Tea and Coffee Development Board of the concerned district and other authorized bodies. To receive the insurance service, farmers have to cultivate coffee in accordance with the prescribed technical criteria.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In case of any damage to the coffee farming, the concerned farmer has to inform the insurance company through any medium within three days. After that, the claim process will move forward.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The company should send a loss evaluator within seven days after receiving the claim paper from the policy holder. After that, the claim has to be settled by completing the necessary processes. The company must settle the claim within 35 days upon receiving the evaluation report.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14052', 'image' => '20211116012420_1637019285.Clipboard01.jpg', 'article_date' => '2021-11-16 13:23:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14307', 'article_category_id' => '1', 'title' => 'Nationwide Strike has General Effect ', 'sub_title' => '', 'summary' => 'November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. The public is facing inconvenience to commute as less number of public vehicles are seen operating today (November 16) compared to normal days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The strike has also had general impact on the industrial sector and businesses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, 86 people forcibly enforcing the shutdown have been taken under control from various places of the country, spokesperson at the Ministry of Home Affairs, Phanindra Mani Pokharel, said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the public vehicles are operating in less numbers, the movement of private and government vehicles have not been affected. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Netra Bikram Chand-led group claimed that the general strike has been enforced to press the government to withdraw the hike in the price of petroleum products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Metropolitan Police Range Kathmandu informed that six persons enforcing the shutdown have been taken under control in Kathmandu. </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 spokesperson at the Metropolitan Police Range Kathmandu, Ramesh Kumar Basnet, vehicles are operating normally and the life is also normal at present. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14051', 'image' => '20211116013413_20210726100917_20200903113103_1599056781.jpg', 'article_date' => '2021-11-16 13:33:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14305', 'article_category_id' => '1', 'title' => 'Insurance Board Issues Separate Directive for Accidental Insurance', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has issued a separate directive for accidental insurance. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 16: The Insurance Board has issued a separate directive for accidental insurance. The board has issued the Accidental Insurance Directive 2078 on Monday, November 15.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The accidental insurance is already in practice in Nepal, but there were no separate guidelines and standards. The insurance companies had been providing coverage for accidental insurance with a separate approval from the board under other policies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has now issued the directive by formulating the necessary criteria in this regard.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the board, said that the directive on accidental insurance has been issued for the first time. "Accidental insurance was already there as an insurance scheme. However, there were no guidelines or criteria to address it. Companies have been covering the topic under various alternative headings. Therefore, we have issued a separate directive. We expect this to facilitate the accidental insurance business,” 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:"Times New Roman","serif"">The Insurance Board has issued the directive for non-life insurance companies. Now non-life insurance companies will have to deal with such insurance as per the new guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has made arrangements to insure the accident individually and collectively through the directive. People belonging to a certain group can be insured collectively but a separate group cannot be created just for the sake of collective insurance.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The premium for personal accidental insurance of Rs 100,000 has been fixed at Rs 200 per person.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">On the collective side, when insuring a group of 25 individuals one has to pay Rs 2 per thousand.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also made a provision not to allow any discount on insurance premiums. However, up to 5 percent discount can be given if the customer goes to the company and insures himself and not through the agent. The guideline states that even while giving such an exemption, such discount cannot be provided in case of the insurance premium for rioting and terrorism.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also implemented a minimum insurance rate for such insurance. When calculating the premium, the service seekers will not be charged less than Rs 100 per policy.</span></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14050', 'image' => '20211116122958_1637019330.Clipboard03.jpg', 'article_date' => '2021-11-16 12:29:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14304', 'article_category_id' => '1', 'title' => 'Handicraft Export Down by 50 Percent', 'sub_title' => '', 'summary' => 'November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. The pandemic has had a direct impact on export business and tourism.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Federation of Handicraft Association of Nepal (FHAN), before the outbreak of the pandemic, handicraft items worth Rs 10 to 12 billion used to be exported from Nepal every year. However, after the pandemic hit the world economy for almost two years, the export business of handicrafts has also declined by about 50 percent to Rs 6 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">FNCCI Fair Committee Coordinator Rabindra Shakya said that the federation is going to run an online portal called e-kala Nepal to run the business in a new way by turning the challenges caused by the pandemic into an opportunity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The online portal will be launched on the occasion of the 18th Handicraft Trade Fair and the 16th Craft Competition to be held in Kathmandu from November 19 to 21.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the federation, handicraft items worth Rs 6 billion are sold in the domestic market every year. The major international markets for Nepali handicrafts are the United States, China and European countries. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14049', 'image' => '20211116120611_20170913113102_sect.jpg', 'article_date' => '2021-11-16 12:05:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14303', 'article_category_id' => '1', 'title' => 'Media Society Concerned About Advertisement Ban', 'sub_title' => '', 'summary' => 'November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.', '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"">November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.</span></span></span></span></p> <p><span 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 Advertisement Board had instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements related to alcoholic and tobacco products. Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco products during the festive season and the same practice was noticed in hoarding boards placed at different parts of the country, the board said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a joint statement on Sunday (November 14), Nepal Media Society, Radio Broadcasters Forum Nepal and Advertisement Association of Nepal expressed dissatisfaction over such notice issued by the board without consulting with the stakeholders. The statement noted that the advertisement industry had just started to claw back to its feet in the aftermath of the Covid-19 crisis when the board issued such notice that discourages them to operate their business.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“Government authorities collect millions of rupees as revenue from businessmen while the production, sale and distribution of the products mentioned by the board has not been banned. In this context, is it a crime to advertise the same product? This is not just,” reads the statement.</span></span></span></span></p> <p><span 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 statement added that the products that are advertised are produced legally and the advertisement part only focuses on high-quality products. Banning the advertisement of such products only encourages illegally-produced products, added the statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">They also added that the government should protect millions of investment poured into this sector and also come up with a clear view regarding the management of those who will lose their jobs because of the new policy.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14048', 'image' => '20211116101355_noalcho-800x445.jpg', 'article_date' => '2021-11-16 10:13:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14302', 'article_category_id' => '1', 'title' => 'Special Training II for Startups Concludes', 'sub_title' => '', 'summary' => 'November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15). The program organised in association with Garima Bikash Bank Limited was held as a part of “Kumari Bank NewBiz Startup Summit and Awards” which will be held on November 25. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Ranjit Acharya, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), gave the training on topics like branding, promotion and media management to the startups and entrepreneurs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We need to aim big and make preparations to achieve the goal. Taking a step back does not mean failure, rather it is a preparation for another step,” said Acharya. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Vision, passion, trust, honesty, integrity, and communication are vital for success, according to Accharya. Along with this commitment, patience is equally important. Another thing that is important is to break the mind wall and have self-confidence, Acharya further stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chairperson of New Business Age Pvt. Ltd Madan Lamsal said that the main purpose of organising this programme is to encourage the entrepreneurs with new ideas and help them grow. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We feel that having an idea is not enough in business. Along with idea other skills are also required,” he said, adding, “We have found many successful entrepreneurs lacking certain skills. So we have organised this programme so that we can help them develop themselves and grow.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the NewBiz Startup Summit and Award is Kumari Bank Limited, and the co-sponsor is Garima Bikas Bank Limited. Similarly, Citizen Life Insurance Co Limited, IME Remit, NLG Insurance Co Limited and Nimbus Group have supported the event. Mansiri Trading is the infra partner and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepalese Young Entrepreneurs Forum (NYEF) and Dish Home are associate partners of the Summit and Awards. Mango Tech is the technical partner of the programme. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14047', 'image' => '20211116094542_1637022284.jpg', 'article_date' => '2021-11-16 09:44:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14301', 'article_category_id' => '1', 'title' => 'Energy Summit in UAE after COP26 Stresses Fossil Fuel Demand', 'sub_title' => '', 'summary' => 'November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to the Associated Press, such a message comes just days after these same nations joined around 200 countries in accepting a compromise deal aimed at limiting rising global temperatures and curbing greenhouse emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy ministers from two key OPEC nations — the United Arab Emirates and Saudi Arabia — reportedly pointed to the rising price of natural gas and the energy crunch this has created in Europe and China as examples of what happens when demand outstrips supply. They say this has raised the price of energy across the board, impacting oil prices now hovering around $80 a barrel, AP further reported.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">“After almost a decade of under-investment in our industry, the world has sleepwalked into a supply crunch. It is time to wake up,” AP quoted Managing Director and CEO of the Abu Dhabi National Oil Company Sultan Al-Jaber as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The remarks came at the start of the annual Abu Dhabi International Petroleum Exhibition and Conference.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Al-Jaber argued over $600 billion annually will need to be invested in the oil and gas industry until 2030 — just to keep up with expected global demand. Al-Jaber, who is also chairman of Abu Dhabi’s renewable energy firm Masdar, said that while a future run on renewable energy is coming “it is not here yet” and the world is still heavily reliant on oil and gas.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to AP, US President Joe Biden's administration, while rallying nations to shift away from burning fossil fuels, has simultaneously called on OPEC to increase production as prices climb for consumers at the pump. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Major oil producers in the OPEC+ group have so far refused to veer from their gradual approach of restoring production levels slashed amid the pandemic of 2020.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy Minister of the UAE Suhail al-Mazrouei told the Associated Press that the OPEC+ group, which includes Russia and other non-OPEC oil producers, is relying on independent technical data that shows there will be a surplus of oil early next year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The deal reached in Glasgow, Scotland on Saturday by nations around the world contained a last-minute change that watered down crucial language about coal, AP reported. According to the news agency,several countries expressed disappointment by the change promoted by India to “phase down,” rather than “phase out” coal power, the single biggest source of greenhouse gas emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, reportedly warned against an energy transition that results in unrealistically high costs for consumers. He said it was important that the ADIPEC conference in Abu Dhabi was being held just after the COP26 summit in Glasgow so focus can be on “both on what the reality on the ground is and the need to manage the transition.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14046', 'image' => '20211116081846_Energy.jpg', 'article_date' => '2021-11-16 08:17:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14300', 'article_category_id' => '1', 'title' => 'Hongshi Shivam Cement to Double its Production Capacity', 'sub_title' => 'Investors to Pour in Additional Investment of Rs 20 Billion After Receiving Electricity', 'summary' => 'November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment. The cement factory is pouring in an additional Rs 20 billion to increase the production capacity. The company had earlier invested Rs 36 billion for cement production. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Until now, Hongshi Shivan Cement used to produce cement using diesel energy. The cement company started received 30 megawatts of electricity from Nepal Electricity Authority since November 13. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The company has been producing 6000 metric tons of cement regularly from its Nawalparsi-based factory. The industry is pouring in more investment to increase its production capacity by an additional 6000 metric tons a day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The industry will meet its full production capacity by producing 12000 metric tons of cement a day with the additional investment. Despite receiving additional investment and extension in production capacity, the industry will operate in the same modality as before. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The cement industry is a joint venture of Chinese and Nepali investors. Hong Kong Red Lion group owns 70 percent stake of the company, and Shivam Cement owns the remaining 30 percent stake of the company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The capacity enhancement of the industry will be done on the same modality. The Chinese investor will put in 70 percent investment, and Nepali investors will add 30 percent of the proposed capital. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Follow the link below to read related news:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">https://www.newbusinessage.com/Articles/view/12835</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14045', 'image' => '20211115012836_20201222023815_My Effect.jpg', 'article_date' => '2021-11-15 13:27:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14299', 'article_category_id' => '1', 'title' => 'State-Owned FMTC Delays Purchase of Paddy at Minimum Support Price', 'sub_title' => '', 'summary' => 'November 15: The state-owned Food Management and Trading Company (FMTC) which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government has delayed purchasing the paddy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: The state-owned Food Management and Trading Company (FMTC), which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government, has delayed purchasing the paddy. The reason for this is the delay in release of budget for purchasing the paddy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In the current fiscal year, the FMTC had aimed purchasing 30,000 metric tons of paddy at the minimum support price subject to the release of budget by the government. But the budget release got delayed, which also affected the timely purchase of paddy by the FMTC. The direct impact is being felt by the farmers who are still in despair due to the loss caused by the unseasonal rainfall and floods. Now, the farmers have no option left other than selling the paddy to local traders at a rate lower than the minimum support price fixed by the government as they need to buy fertilizers for sowing winter 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:"Times New Roman","serif"">For the current fiscal year, the government has allocated the minimum support prices for different types of paddy. The support price of coarse-grained paddy is Rs 2,725 per quintal whereas the medium-grained paddy is Rs 2,902 per quintal. Traders are taking advantage of this situation and have started buying paddy at arbitrarily low prices. Meanwhile, farmers in most districts including Banke, Bardiya, Kailali, Kanchanpur, Dang and Rupandehi have been forced to sell paddy at a price lower than the support price.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The main branch office of the FMTC located at Rajapur of Bardiya is still not showing any signs of purchasing paddy. On the other hand, the traders are buying paddy from farmers at prices as low as Rs 1,800 to Rs 2,500 per quintal, according to the coordinator of Rajapur Paddy Superzone, Agni Aryal. He informed New Business Age that traders are buying paddy at very low prices arguing that the paddy has been soaked with water due to the unseasonal rainfall.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">“The government’s job is not only to allocate the support prices, but also to start buying the paddy on time,” said Aryal adding, “It is a pity that farmers do not get a fair price for the paddy they have grown by shedding blood and sweat. It needs to be brought to the notice of the concerned bodies as soon as possible.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Amidst all the chaos, the FMTC officials informed that it is still not certain when they would be able to buy the paddy. Sharmila Neupane, information officer of the FMTC, said that on one hand, the budget has not been approved while on the other hand, the standard for making purchases of which type of paddy has still not been prepared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to Neupane, after the FMTC makes purchase of paddy, they manufacture rice grains and store them for a long time to gradually sell in future. To do so, the paddy is purchased only after testing the quality as per the international standards. FMTC buys paddy that is only up to 18 percent moist. “However, the paddy this year got damaged due to unseasonal rain. There are additional concerns of whether the paddy would be of designated standards or not,” said Neupane.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Neupane also claimed that although it is not sure when the FMTC would start buying the paddy, efforts are being made to initiate the purchase of paddy as soon as possible.</span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14044', 'image' => '20211115011216_20210620015152_20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-11-15 13:11:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14298', 'article_category_id' => '1', 'title' => 'Airlines Companies Hike Air Fare ', 'sub_title' => '', 'summary' => 'November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF)', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF). The Airline Operators Association of Nepal (AOAN) decided to increase the fuel surcharge along with the airfare after the price of aviation turbine fuel was increased by Rs 5 per litre. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the increased fare, the fuel surcharge for Kathmandu-Dhangadhi flights has been increased by Rs 220. Likewise, Rs 175 has been increased in Kathmandu-Surkhet route, Rs 105 for Kathmandu-Bhairahawa route and Rs 80 for Kathmandu-Pokhara route.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The fare hike has come into effect from Monday (November 15). With the increment of Rs 5, the price of aviation turbine fuel has reached Rs 101 per liter. Earlier, the price of aviation fuel was Rs 96.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prior to this, the domestic airline companies had also increased the price of air tickets on November 3 after the NOC hiked the price of ATF in late October.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14043', 'image' => '20211115121825_20211104080057_20210221121806_Summit Air Landing.jpg', 'article_date' => '2021-11-15 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14297', 'article_category_id' => '1', 'title' => 'Scores of Passengers Stranded at Simikot Airport due to Shortage of Air Tickets ', 'sub_title' => '', 'summary' => 'November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. As a result, students who are scheduled to return to their destinations for their studies after completing their festive vacations have been hit hard the most. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Humla, which has yet to connect to the national road network, relies on air travel to travel to other parts of the country. Air ticket agents belonging to private airlines in the district have been blamed for selling tickets arbitrarily, thus causing shortage of air tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Rawal of Kharpunath-1 in the district complained that he failed to book air ticket for himself since one week despite continuous efforts. "I fear I will miss my examination scheduled for November 17 as a result." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that he showed recommendations from the district administration office requesting the respective airline to manage an air ticket for him, but to no avail. Private airlines—Sita, Summit and Tara—have been operating flights from the district. Sita Airlines did not run its flight from the district since one week as its aircraft broke down, it has been said. In case of other airlines, their ticket agents have been selling tickets arbitrarily, thus leading to a shortage of air tickets, passengers complained. The people's representatives and concerned authorities say they are unaware about it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Security guards at Simkot Airport in the district have been accused of mistreating media-persons who reached the airport to cover the news related to the stranded passengers. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14042', 'image' => '20211115111031_20190213013056_pinterest.jpg', 'article_date' => '2021-11-15 11:09:43', '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' => '14311', 'article_category_id' => '1', 'title' => 'Nepal’s Coffee Export Increases by 66 Percent', 'sub_title' => '', 'summary' => 'November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to the Department of Customs, Nepal exported coffee worth Rs 57.7 million in the fiscal year 2019/20 which increased to Rs 96 million in the last fiscal year (FY 2020/21). </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Quantity-wise, Nepal exported 46.89 metric tons of coffee in FY 2019/20 and 72.48 metric tons of coffee in FY 2020/21, according to the data provided by the department.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to stakeholders, the demand for coffee produced in Nepal is increasing day by day as the product has been able to establish its name in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Out of the total coffee produced in Nepal, around 25 percent is exported to foreign countries.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Organising a press conference in Kirtipur on the eve of the 17th Coffee Day on Tuesday, Executive Director of the National Tea and Coffee Development Board Dr Bishnu Prasad Bhattarai informed that the export of coffee from Nepal remained encouraging during the time of Covid-19 crisis.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">He stated that the production of coffee could play an important role for the nation’s prosperity. According to the board, the authentic taste and quality of coffee produced in Nepal have enabled the products to be sold at high price in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also unveiled plans to announce programmes to attract youths towards coffee farming. Executive Director Bhattarai informed that the programme will be launched in the upcoming fiscal year to give employment opportunities to youth as well as to contribute to the country's prosperity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board further informed that it has already prepared plans to develop pocket areas of coffee farms into coffee estates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also fixed the minimum support price of coffee for farmers effective from November 17 on the occasion of the 17<sup>th</sup> Coffee Day. According to the board, the minimum support price of coffee was determined by taking into consideration the suggestions provided by stakeholders and the cost incurred by the farmers. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">As per the price list unveiled by the board, the support price of Fresh Cherry Grade A Coffee has been fixed at Rs 90 per kg. According to Executive Director Bhattarai, the price of Grade B coffee has been fixed at Rs 80 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of Parchment Grade A Coffee has been fixed at Rs 450 per kg while that of Grade B has been fixed at Rs 397 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the price of Dry Cherry Grade A Coffee has been fixed at Rs 148 per kg and the price of Grade B of the same category of coffee is Rs 95 per kg.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14056', 'image' => '20211117113916_20190418012512_aaaaa.jpg', 'article_date' => '2021-11-17 11:38:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14310', 'article_category_id' => '1', 'title' => 'Israel Pledges to Create more Employment Opportunities for Nepali Labourers ', 'sub_title' => '', 'summary' => 'November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Israel's ambassador to Nepal Hanan Goder made such commitment during a meeting with Minister for Labour, Employment and Social Security Krishna Kumar Shrestha at the latter's office on Tuesday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Ambassador Goder said that Israel was ready to provide jobs for the Nepalis in other professions besides 'care-givers'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Labour, Employment and Social Security, during the meeting Minister Shrestha requested Israel's envoy Goder to help create work opportunities for the Nepalis in other sectors as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, there are around 12,000 Nepalis labourers working in Israel. As per the labour pact inked between Nepal and Israel in 2020, Israel has provided work opportunities for 1,175 Nepali workers as care-giver who are all set to fly to Israel after completing required tests and examinations. -- RSS</span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14055', 'image' => '20211117081814_Flag-Pins-Nepal-Israel_600x600.jpg', 'article_date' => '2021-11-17 08:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14309', 'article_category_id' => '1', 'title' => 'Prime Minister Deuba in Favour of Clean Energy', 'sub_title' => '', 'summary' => 'November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change. </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"">Addressing the 20th annual general assembly of Independent Power Producers' Association Nepal on Tuesday, he laid emphasis on the need of involvement of all to lessen the impacts of climate change. Deuba added that the problem is getting worse due to bio fuel and increase in incidents of natural disaster like landslide and unseasonal rainfall. </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 prime minister was of the view that although "we have not created problems related to climate change, we have been affected by it." Therefore, he stressed on the need of developing clean energy to resolve this problem. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba said that the mountains are becoming bare and "we should be alert on time" as it would invite a serious crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that the government would formulate a special action plan in order to promote the use of electric vehicles and induction oven. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba added that the government is ready to provide grants to promote clean energy and also assured to provide all types of support to resolve the problems faced by the energy sector. </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14054', 'image' => '20211117080738_shutterstock_275198234.jpg', 'article_date' => '2021-11-17 08:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14308', 'article_category_id' => '1', 'title' => 'Stakeholders Stress on Prioritizing Green Financing in Nepal', 'sub_title' => '', 'summary' => 'November 16: Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16:<strong> </strong>Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Siddhant Pandey, chairman and CEO of Business Oxygen Private Limited shared that Green SME Financing is a new topic for an underdeveloped country like Nepal. However, there are tremendous possibilities in the area of Green Financing to expand, he said while speaking at a panel discussion organized by Nepal Economic Forum on the topic of Exploring Challenges and Opportunities Post COP 26 at Hotel Himalaya. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, he appreciated the government's effort in being proactive regarding the issue and actively drafting regulations to improve Green Investment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">“However, we have failed to implement the regulations in time,” he said, adding, </span>“We are in the starting phase and haven't done much, it will take time and eventually flourish in the days to come.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">P2P collaboration can bring in a lot of initiative to overcome the current challenges and channelize the fund, Pandey further said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing aims to eject funds for reducing carbon emissions or raising resource efficiency. In simple words, green investment aims at supporting business practices that have a favorable impact on the environment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, Chandni Singh, private sector development advisor to the British Embassy, shared that prioritization of Green Financing is important for it to flourish in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that Nepal should learn from the experiences of other countries for the promotion and implementation of Green Financing in 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:"Times New Roman","serif"">Equity ventures like BO2 and Dolma have been investing in green energy in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Singh also added that SMEs have a huge potential in the sectors of energy, agriculture, and tourism with Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the discussion, the panelist kept their views on the limitation of funds on funding SMEs through Green Financing. The panelists also shared that the SMEs in Nepal are unable to receive sufficient funds due to the lack of collateral. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Another panelist Anupa Rimal Lamichhane, regional manager of Asia Pacific Green Climate Fund, shared her work experiences on Green Financing. She gave some examples from her previous work experiences in Chile and Africa on funding programs under Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“</span></span><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In Nepal, we have been channeling the funds with the private sector but we have been working with the government to facilitate them. The government needs to take the initiative to implement right sort of regulation to get in FDI for Green Financing projects,” she shared. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that the government should prioritize climate financing, plan projects that the country needs under it, build the capacity of the entire value chain and the project. Enabling the environment in the country by amending policies and regulations is crucial, she added.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing is a part of the Paris Agreement to reduce carbon emissions through public-private collaboration. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government aims to collect Rs 25 billion from Climate Finance by 2045. Stakeholders share that it is an ambitious goal set by the government that requires heavy investment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, Peter Mousley, lead private sector specialist at the World Bank Nepal, shared that a lot of initiative has been taken in Climate Financing. However, there is a lot that needs to be done, he added. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He shared that the lack of accurate data is one of the major problems to track the situation. This is where the regulator comes in and the government can help. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The core focus of Green Financing lies on ventures or enterprises that are committed to the conservation of natural resources, pollution reduction, or other environmentally conscious business practices, which also benefit society. However, the panelists shared that green investment tends to be slightly more specific. According to them, green investments can also refer to companies that have other lines of business but focus on green-based initiatives or product lines.</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Investors want to put their investment not in the SME but in the companies with results, the panelist shared. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14053', 'image' => '20211116091537_shutterstock-586341557-unsplash.jpg', 'article_date' => '2021-11-16 21:14:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14306', 'article_category_id' => '1', 'title' => 'Insurance Board Introduces Insurance Policy for Coffee Farming', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products</span>.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The board has implemented the insurance policy in line with the Crop and Livestock Insurance Directive-2069. The policy has come into effect from Monday, November 15.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Insurance Board has been coming up with policies under agriculture and animal husbandry. Rajuraman Poudel, managing director of the board, said that the new policy has been introduced to insure coffee farming. He said that the insurance policy has been prepared to cover most of the risks in coffee farming.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">This insurance policy covers the damage caused by fire, hurricane, storm, flood, inundation, hailstorm, snowfall, frost, drought, lightning, landslide, earthquake, natural calamity, insects and other diseases. In addition, this insurance policy provides accidental insurance of Rs 200,000 to coffee farmers.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">However, the insurance will not cover the indirect loss in coffee farming and the damage caused by the authorized body. Insurance companies are not liable to pay for the losses caused by radiation, nuclear, chemical and biological weapons, war or war-like conditions. Likewise, partial insurance is not available for coffee planted in the same area. The policy holder needs to insure the entire coffee farming area in order to avail the service.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The sum of insured amount of the entire farm will be calculated based on the number of coffee plants, price per plant and production cost. The premium will be determined at the rate of five percent of the assured amount. However, the insurance premium can be paid by deducting the premium subsidy provided by the government. Currently, the government provides 80 percent subsidy in agricultural insurance. Accordingly, the farmers are required to pay 20 percent insurance premium. For additional accidental insurance service, an extra premium of Rs 500 has to be paid.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The insured amount of coffee farming should be verified by the National Tea and Coffee Development Board of the concerned district and other authorized bodies. To receive the insurance service, farmers have to cultivate coffee in accordance with the prescribed technical criteria.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In case of any damage to the coffee farming, the concerned farmer has to inform the insurance company through any medium within three days. After that, the claim process will move forward.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The company should send a loss evaluator within seven days after receiving the claim paper from the policy holder. After that, the claim has to be settled by completing the necessary processes. The company must settle the claim within 35 days upon receiving the evaluation report.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14052', 'image' => '20211116012420_1637019285.Clipboard01.jpg', 'article_date' => '2021-11-16 13:23:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14307', 'article_category_id' => '1', 'title' => 'Nationwide Strike has General Effect ', 'sub_title' => '', 'summary' => 'November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. The public is facing inconvenience to commute as less number of public vehicles are seen operating today (November 16) compared to normal days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The strike has also had general impact on the industrial sector and businesses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, 86 people forcibly enforcing the shutdown have been taken under control from various places of the country, spokesperson at the Ministry of Home Affairs, Phanindra Mani Pokharel, said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the public vehicles are operating in less numbers, the movement of private and government vehicles have not been affected. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Netra Bikram Chand-led group claimed that the general strike has been enforced to press the government to withdraw the hike in the price of petroleum products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Metropolitan Police Range Kathmandu informed that six persons enforcing the shutdown have been taken under control in Kathmandu. </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 spokesperson at the Metropolitan Police Range Kathmandu, Ramesh Kumar Basnet, vehicles are operating normally and the life is also normal at present. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14051', 'image' => '20211116013413_20210726100917_20200903113103_1599056781.jpg', 'article_date' => '2021-11-16 13:33:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14305', 'article_category_id' => '1', 'title' => 'Insurance Board Issues Separate Directive for Accidental Insurance', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has issued a separate directive for accidental insurance. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 16: The Insurance Board has issued a separate directive for accidental insurance. The board has issued the Accidental Insurance Directive 2078 on Monday, November 15.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The accidental insurance is already in practice in Nepal, but there were no separate guidelines and standards. The insurance companies had been providing coverage for accidental insurance with a separate approval from the board under other policies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has now issued the directive by formulating the necessary criteria in this regard.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the board, said that the directive on accidental insurance has been issued for the first time. "Accidental insurance was already there as an insurance scheme. However, there were no guidelines or criteria to address it. Companies have been covering the topic under various alternative headings. Therefore, we have issued a separate directive. We expect this to facilitate the accidental insurance business,” 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:"Times New Roman","serif"">The Insurance Board has issued the directive for non-life insurance companies. Now non-life insurance companies will have to deal with such insurance as per the new guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has made arrangements to insure the accident individually and collectively through the directive. People belonging to a certain group can be insured collectively but a separate group cannot be created just for the sake of collective insurance.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The premium for personal accidental insurance of Rs 100,000 has been fixed at Rs 200 per person.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">On the collective side, when insuring a group of 25 individuals one has to pay Rs 2 per thousand.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also made a provision not to allow any discount on insurance premiums. However, up to 5 percent discount can be given if the customer goes to the company and insures himself and not through the agent. The guideline states that even while giving such an exemption, such discount cannot be provided in case of the insurance premium for rioting and terrorism.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also implemented a minimum insurance rate for such insurance. When calculating the premium, the service seekers will not be charged less than Rs 100 per policy.</span></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14050', 'image' => '20211116122958_1637019330.Clipboard03.jpg', 'article_date' => '2021-11-16 12:29:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14304', 'article_category_id' => '1', 'title' => 'Handicraft Export Down by 50 Percent', 'sub_title' => '', 'summary' => 'November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. The pandemic has had a direct impact on export business and tourism.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Federation of Handicraft Association of Nepal (FHAN), before the outbreak of the pandemic, handicraft items worth Rs 10 to 12 billion used to be exported from Nepal every year. However, after the pandemic hit the world economy for almost two years, the export business of handicrafts has also declined by about 50 percent to Rs 6 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">FNCCI Fair Committee Coordinator Rabindra Shakya said that the federation is going to run an online portal called e-kala Nepal to run the business in a new way by turning the challenges caused by the pandemic into an opportunity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The online portal will be launched on the occasion of the 18th Handicraft Trade Fair and the 16th Craft Competition to be held in Kathmandu from November 19 to 21.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the federation, handicraft items worth Rs 6 billion are sold in the domestic market every year. The major international markets for Nepali handicrafts are the United States, China and European countries. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14049', 'image' => '20211116120611_20170913113102_sect.jpg', 'article_date' => '2021-11-16 12:05:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14303', 'article_category_id' => '1', 'title' => 'Media Society Concerned About Advertisement Ban', 'sub_title' => '', 'summary' => 'November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.', '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"">November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.</span></span></span></span></p> <p><span 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 Advertisement Board had instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements related to alcoholic and tobacco products. Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco products during the festive season and the same practice was noticed in hoarding boards placed at different parts of the country, the board said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a joint statement on Sunday (November 14), Nepal Media Society, Radio Broadcasters Forum Nepal and Advertisement Association of Nepal expressed dissatisfaction over such notice issued by the board without consulting with the stakeholders. The statement noted that the advertisement industry had just started to claw back to its feet in the aftermath of the Covid-19 crisis when the board issued such notice that discourages them to operate their business.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“Government authorities collect millions of rupees as revenue from businessmen while the production, sale and distribution of the products mentioned by the board has not been banned. In this context, is it a crime to advertise the same product? This is not just,” reads the statement.</span></span></span></span></p> <p><span 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 statement added that the products that are advertised are produced legally and the advertisement part only focuses on high-quality products. Banning the advertisement of such products only encourages illegally-produced products, added the statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">They also added that the government should protect millions of investment poured into this sector and also come up with a clear view regarding the management of those who will lose their jobs because of the new policy.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14048', 'image' => '20211116101355_noalcho-800x445.jpg', 'article_date' => '2021-11-16 10:13:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14302', 'article_category_id' => '1', 'title' => 'Special Training II for Startups Concludes', 'sub_title' => '', 'summary' => 'November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15). The program organised in association with Garima Bikash Bank Limited was held as a part of “Kumari Bank NewBiz Startup Summit and Awards” which will be held on November 25. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Ranjit Acharya, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), gave the training on topics like branding, promotion and media management to the startups and entrepreneurs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We need to aim big and make preparations to achieve the goal. Taking a step back does not mean failure, rather it is a preparation for another step,” said Acharya. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Vision, passion, trust, honesty, integrity, and communication are vital for success, according to Accharya. Along with this commitment, patience is equally important. Another thing that is important is to break the mind wall and have self-confidence, Acharya further stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chairperson of New Business Age Pvt. Ltd Madan Lamsal said that the main purpose of organising this programme is to encourage the entrepreneurs with new ideas and help them grow. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We feel that having an idea is not enough in business. Along with idea other skills are also required,” he said, adding, “We have found many successful entrepreneurs lacking certain skills. So we have organised this programme so that we can help them develop themselves and grow.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the NewBiz Startup Summit and Award is Kumari Bank Limited, and the co-sponsor is Garima Bikas Bank Limited. Similarly, Citizen Life Insurance Co Limited, IME Remit, NLG Insurance Co Limited and Nimbus Group have supported the event. Mansiri Trading is the infra partner and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepalese Young Entrepreneurs Forum (NYEF) and Dish Home are associate partners of the Summit and Awards. Mango Tech is the technical partner of the programme. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14047', 'image' => '20211116094542_1637022284.jpg', 'article_date' => '2021-11-16 09:44:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14301', 'article_category_id' => '1', 'title' => 'Energy Summit in UAE after COP26 Stresses Fossil Fuel Demand', 'sub_title' => '', 'summary' => 'November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to the Associated Press, such a message comes just days after these same nations joined around 200 countries in accepting a compromise deal aimed at limiting rising global temperatures and curbing greenhouse emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy ministers from two key OPEC nations — the United Arab Emirates and Saudi Arabia — reportedly pointed to the rising price of natural gas and the energy crunch this has created in Europe and China as examples of what happens when demand outstrips supply. They say this has raised the price of energy across the board, impacting oil prices now hovering around $80 a barrel, AP further reported.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">“After almost a decade of under-investment in our industry, the world has sleepwalked into a supply crunch. It is time to wake up,” AP quoted Managing Director and CEO of the Abu Dhabi National Oil Company Sultan Al-Jaber as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The remarks came at the start of the annual Abu Dhabi International Petroleum Exhibition and Conference.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Al-Jaber argued over $600 billion annually will need to be invested in the oil and gas industry until 2030 — just to keep up with expected global demand. Al-Jaber, who is also chairman of Abu Dhabi’s renewable energy firm Masdar, said that while a future run on renewable energy is coming “it is not here yet” and the world is still heavily reliant on oil and gas.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to AP, US President Joe Biden's administration, while rallying nations to shift away from burning fossil fuels, has simultaneously called on OPEC to increase production as prices climb for consumers at the pump. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Major oil producers in the OPEC+ group have so far refused to veer from their gradual approach of restoring production levels slashed amid the pandemic of 2020.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy Minister of the UAE Suhail al-Mazrouei told the Associated Press that the OPEC+ group, which includes Russia and other non-OPEC oil producers, is relying on independent technical data that shows there will be a surplus of oil early next year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The deal reached in Glasgow, Scotland on Saturday by nations around the world contained a last-minute change that watered down crucial language about coal, AP reported. According to the news agency,several countries expressed disappointment by the change promoted by India to “phase down,” rather than “phase out” coal power, the single biggest source of greenhouse gas emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, reportedly warned against an energy transition that results in unrealistically high costs for consumers. He said it was important that the ADIPEC conference in Abu Dhabi was being held just after the COP26 summit in Glasgow so focus can be on “both on what the reality on the ground is and the need to manage the transition.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14046', 'image' => '20211116081846_Energy.jpg', 'article_date' => '2021-11-16 08:17:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14300', 'article_category_id' => '1', 'title' => 'Hongshi Shivam Cement to Double its Production Capacity', 'sub_title' => 'Investors to Pour in Additional Investment of Rs 20 Billion After Receiving Electricity', 'summary' => 'November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment. The cement factory is pouring in an additional Rs 20 billion to increase the production capacity. The company had earlier invested Rs 36 billion for cement production. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Until now, Hongshi Shivan Cement used to produce cement using diesel energy. The cement company started received 30 megawatts of electricity from Nepal Electricity Authority since November 13. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The company has been producing 6000 metric tons of cement regularly from its Nawalparsi-based factory. The industry is pouring in more investment to increase its production capacity by an additional 6000 metric tons a day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The industry will meet its full production capacity by producing 12000 metric tons of cement a day with the additional investment. Despite receiving additional investment and extension in production capacity, the industry will operate in the same modality as before. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The cement industry is a joint venture of Chinese and Nepali investors. Hong Kong Red Lion group owns 70 percent stake of the company, and Shivam Cement owns the remaining 30 percent stake of the company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The capacity enhancement of the industry will be done on the same modality. The Chinese investor will put in 70 percent investment, and Nepali investors will add 30 percent of the proposed capital. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Follow the link below to read related news:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">https://www.newbusinessage.com/Articles/view/12835</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14045', 'image' => '20211115012836_20201222023815_My Effect.jpg', 'article_date' => '2021-11-15 13:27:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14299', 'article_category_id' => '1', 'title' => 'State-Owned FMTC Delays Purchase of Paddy at Minimum Support Price', 'sub_title' => '', 'summary' => 'November 15: The state-owned Food Management and Trading Company (FMTC) which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government has delayed purchasing the paddy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: The state-owned Food Management and Trading Company (FMTC), which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government, has delayed purchasing the paddy. The reason for this is the delay in release of budget for purchasing the paddy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In the current fiscal year, the FMTC had aimed purchasing 30,000 metric tons of paddy at the minimum support price subject to the release of budget by the government. But the budget release got delayed, which also affected the timely purchase of paddy by the FMTC. The direct impact is being felt by the farmers who are still in despair due to the loss caused by the unseasonal rainfall and floods. Now, the farmers have no option left other than selling the paddy to local traders at a rate lower than the minimum support price fixed by the government as they need to buy fertilizers for sowing winter 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:"Times New Roman","serif"">For the current fiscal year, the government has allocated the minimum support prices for different types of paddy. The support price of coarse-grained paddy is Rs 2,725 per quintal whereas the medium-grained paddy is Rs 2,902 per quintal. Traders are taking advantage of this situation and have started buying paddy at arbitrarily low prices. Meanwhile, farmers in most districts including Banke, Bardiya, Kailali, Kanchanpur, Dang and Rupandehi have been forced to sell paddy at a price lower than the support price.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The main branch office of the FMTC located at Rajapur of Bardiya is still not showing any signs of purchasing paddy. On the other hand, the traders are buying paddy from farmers at prices as low as Rs 1,800 to Rs 2,500 per quintal, according to the coordinator of Rajapur Paddy Superzone, Agni Aryal. He informed New Business Age that traders are buying paddy at very low prices arguing that the paddy has been soaked with water due to the unseasonal rainfall.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">“The government’s job is not only to allocate the support prices, but also to start buying the paddy on time,” said Aryal adding, “It is a pity that farmers do not get a fair price for the paddy they have grown by shedding blood and sweat. It needs to be brought to the notice of the concerned bodies as soon as possible.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Amidst all the chaos, the FMTC officials informed that it is still not certain when they would be able to buy the paddy. Sharmila Neupane, information officer of the FMTC, said that on one hand, the budget has not been approved while on the other hand, the standard for making purchases of which type of paddy has still not been prepared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to Neupane, after the FMTC makes purchase of paddy, they manufacture rice grains and store them for a long time to gradually sell in future. To do so, the paddy is purchased only after testing the quality as per the international standards. FMTC buys paddy that is only up to 18 percent moist. “However, the paddy this year got damaged due to unseasonal rain. There are additional concerns of whether the paddy would be of designated standards or not,” said Neupane.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Neupane also claimed that although it is not sure when the FMTC would start buying the paddy, efforts are being made to initiate the purchase of paddy as soon as possible.</span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14044', 'image' => '20211115011216_20210620015152_20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-11-15 13:11:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14298', 'article_category_id' => '1', 'title' => 'Airlines Companies Hike Air Fare ', 'sub_title' => '', 'summary' => 'November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF)', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF). The Airline Operators Association of Nepal (AOAN) decided to increase the fuel surcharge along with the airfare after the price of aviation turbine fuel was increased by Rs 5 per litre. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the increased fare, the fuel surcharge for Kathmandu-Dhangadhi flights has been increased by Rs 220. Likewise, Rs 175 has been increased in Kathmandu-Surkhet route, Rs 105 for Kathmandu-Bhairahawa route and Rs 80 for Kathmandu-Pokhara route.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The fare hike has come into effect from Monday (November 15). With the increment of Rs 5, the price of aviation turbine fuel has reached Rs 101 per liter. Earlier, the price of aviation fuel was Rs 96.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prior to this, the domestic airline companies had also increased the price of air tickets on November 3 after the NOC hiked the price of ATF in late October.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14043', 'image' => '20211115121825_20211104080057_20210221121806_Summit Air Landing.jpg', 'article_date' => '2021-11-15 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14297', 'article_category_id' => '1', 'title' => 'Scores of Passengers Stranded at Simikot Airport due to Shortage of Air Tickets ', 'sub_title' => '', 'summary' => 'November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. As a result, students who are scheduled to return to their destinations for their studies after completing their festive vacations have been hit hard the most. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Humla, which has yet to connect to the national road network, relies on air travel to travel to other parts of the country. Air ticket agents belonging to private airlines in the district have been blamed for selling tickets arbitrarily, thus causing shortage of air tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Rawal of Kharpunath-1 in the district complained that he failed to book air ticket for himself since one week despite continuous efforts. "I fear I will miss my examination scheduled for November 17 as a result." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that he showed recommendations from the district administration office requesting the respective airline to manage an air ticket for him, but to no avail. Private airlines—Sita, Summit and Tara—have been operating flights from the district. Sita Airlines did not run its flight from the district since one week as its aircraft broke down, it has been said. In case of other airlines, their ticket agents have been selling tickets arbitrarily, thus leading to a shortage of air tickets, passengers complained. The people's representatives and concerned authorities say they are unaware about it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Security guards at Simkot Airport in the district have been accused of mistreating media-persons who reached the airport to cover the news related to the stranded passengers. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14042', 'image' => '20211115111031_20190213013056_pinterest.jpg', 'article_date' => '2021-11-15 11:09:43', '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' => '14311', 'article_category_id' => '1', 'title' => 'Nepal’s Coffee Export Increases by 66 Percent', 'sub_title' => '', 'summary' => 'November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to the Department of Customs, Nepal exported coffee worth Rs 57.7 million in the fiscal year 2019/20 which increased to Rs 96 million in the last fiscal year (FY 2020/21). </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Quantity-wise, Nepal exported 46.89 metric tons of coffee in FY 2019/20 and 72.48 metric tons of coffee in FY 2020/21, according to the data provided by the department.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to stakeholders, the demand for coffee produced in Nepal is increasing day by day as the product has been able to establish its name in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Out of the total coffee produced in Nepal, around 25 percent is exported to foreign countries.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Organising a press conference in Kirtipur on the eve of the 17th Coffee Day on Tuesday, Executive Director of the National Tea and Coffee Development Board Dr Bishnu Prasad Bhattarai informed that the export of coffee from Nepal remained encouraging during the time of Covid-19 crisis.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">He stated that the production of coffee could play an important role for the nation’s prosperity. According to the board, the authentic taste and quality of coffee produced in Nepal have enabled the products to be sold at high price in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also unveiled plans to announce programmes to attract youths towards coffee farming. Executive Director Bhattarai informed that the programme will be launched in the upcoming fiscal year to give employment opportunities to youth as well as to contribute to the country's prosperity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board further informed that it has already prepared plans to develop pocket areas of coffee farms into coffee estates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also fixed the minimum support price of coffee for farmers effective from November 17 on the occasion of the 17<sup>th</sup> Coffee Day. According to the board, the minimum support price of coffee was determined by taking into consideration the suggestions provided by stakeholders and the cost incurred by the farmers. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">As per the price list unveiled by the board, the support price of Fresh Cherry Grade A Coffee has been fixed at Rs 90 per kg. According to Executive Director Bhattarai, the price of Grade B coffee has been fixed at Rs 80 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of Parchment Grade A Coffee has been fixed at Rs 450 per kg while that of Grade B has been fixed at Rs 397 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the price of Dry Cherry Grade A Coffee has been fixed at Rs 148 per kg and the price of Grade B of the same category of coffee is Rs 95 per kg.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14056', 'image' => '20211117113916_20190418012512_aaaaa.jpg', 'article_date' => '2021-11-17 11:38:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14310', 'article_category_id' => '1', 'title' => 'Israel Pledges to Create more Employment Opportunities for Nepali Labourers ', 'sub_title' => '', 'summary' => 'November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Israel's ambassador to Nepal Hanan Goder made such commitment during a meeting with Minister for Labour, Employment and Social Security Krishna Kumar Shrestha at the latter's office on Tuesday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Ambassador Goder said that Israel was ready to provide jobs for the Nepalis in other professions besides 'care-givers'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Labour, Employment and Social Security, during the meeting Minister Shrestha requested Israel's envoy Goder to help create work opportunities for the Nepalis in other sectors as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, there are around 12,000 Nepalis labourers working in Israel. As per the labour pact inked between Nepal and Israel in 2020, Israel has provided work opportunities for 1,175 Nepali workers as care-giver who are all set to fly to Israel after completing required tests and examinations. -- RSS</span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14055', 'image' => '20211117081814_Flag-Pins-Nepal-Israel_600x600.jpg', 'article_date' => '2021-11-17 08:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14309', 'article_category_id' => '1', 'title' => 'Prime Minister Deuba in Favour of Clean Energy', 'sub_title' => '', 'summary' => 'November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change. </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"">Addressing the 20th annual general assembly of Independent Power Producers' Association Nepal on Tuesday, he laid emphasis on the need of involvement of all to lessen the impacts of climate change. Deuba added that the problem is getting worse due to bio fuel and increase in incidents of natural disaster like landslide and unseasonal rainfall. </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 prime minister was of the view that although "we have not created problems related to climate change, we have been affected by it." Therefore, he stressed on the need of developing clean energy to resolve this problem. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba said that the mountains are becoming bare and "we should be alert on time" as it would invite a serious crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that the government would formulate a special action plan in order to promote the use of electric vehicles and induction oven. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba added that the government is ready to provide grants to promote clean energy and also assured to provide all types of support to resolve the problems faced by the energy sector. </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14054', 'image' => '20211117080738_shutterstock_275198234.jpg', 'article_date' => '2021-11-17 08:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14308', 'article_category_id' => '1', 'title' => 'Stakeholders Stress on Prioritizing Green Financing in Nepal', 'sub_title' => '', 'summary' => 'November 16: Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16:<strong> </strong>Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Siddhant Pandey, chairman and CEO of Business Oxygen Private Limited shared that Green SME Financing is a new topic for an underdeveloped country like Nepal. However, there are tremendous possibilities in the area of Green Financing to expand, he said while speaking at a panel discussion organized by Nepal Economic Forum on the topic of Exploring Challenges and Opportunities Post COP 26 at Hotel Himalaya. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, he appreciated the government's effort in being proactive regarding the issue and actively drafting regulations to improve Green Investment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">“However, we have failed to implement the regulations in time,” he said, adding, </span>“We are in the starting phase and haven't done much, it will take time and eventually flourish in the days to come.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">P2P collaboration can bring in a lot of initiative to overcome the current challenges and channelize the fund, Pandey further said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing aims to eject funds for reducing carbon emissions or raising resource efficiency. In simple words, green investment aims at supporting business practices that have a favorable impact on the environment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, Chandni Singh, private sector development advisor to the British Embassy, shared that prioritization of Green Financing is important for it to flourish in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that Nepal should learn from the experiences of other countries for the promotion and implementation of Green Financing in 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:"Times New Roman","serif"">Equity ventures like BO2 and Dolma have been investing in green energy in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Singh also added that SMEs have a huge potential in the sectors of energy, agriculture, and tourism with Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the discussion, the panelist kept their views on the limitation of funds on funding SMEs through Green Financing. The panelists also shared that the SMEs in Nepal are unable to receive sufficient funds due to the lack of collateral. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Another panelist Anupa Rimal Lamichhane, regional manager of Asia Pacific Green Climate Fund, shared her work experiences on Green Financing. She gave some examples from her previous work experiences in Chile and Africa on funding programs under Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“</span></span><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In Nepal, we have been channeling the funds with the private sector but we have been working with the government to facilitate them. The government needs to take the initiative to implement right sort of regulation to get in FDI for Green Financing projects,” she shared. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that the government should prioritize climate financing, plan projects that the country needs under it, build the capacity of the entire value chain and the project. Enabling the environment in the country by amending policies and regulations is crucial, she added.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing is a part of the Paris Agreement to reduce carbon emissions through public-private collaboration. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government aims to collect Rs 25 billion from Climate Finance by 2045. Stakeholders share that it is an ambitious goal set by the government that requires heavy investment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, Peter Mousley, lead private sector specialist at the World Bank Nepal, shared that a lot of initiative has been taken in Climate Financing. However, there is a lot that needs to be done, he added. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He shared that the lack of accurate data is one of the major problems to track the situation. This is where the regulator comes in and the government can help. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The core focus of Green Financing lies on ventures or enterprises that are committed to the conservation of natural resources, pollution reduction, or other environmentally conscious business practices, which also benefit society. However, the panelists shared that green investment tends to be slightly more specific. According to them, green investments can also refer to companies that have other lines of business but focus on green-based initiatives or product lines.</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Investors want to put their investment not in the SME but in the companies with results, the panelist shared. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14053', 'image' => '20211116091537_shutterstock-586341557-unsplash.jpg', 'article_date' => '2021-11-16 21:14:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14306', 'article_category_id' => '1', 'title' => 'Insurance Board Introduces Insurance Policy for Coffee Farming', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products</span>.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The board has implemented the insurance policy in line with the Crop and Livestock Insurance Directive-2069. The policy has come into effect from Monday, November 15.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Insurance Board has been coming up with policies under agriculture and animal husbandry. Rajuraman Poudel, managing director of the board, said that the new policy has been introduced to insure coffee farming. He said that the insurance policy has been prepared to cover most of the risks in coffee farming.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">This insurance policy covers the damage caused by fire, hurricane, storm, flood, inundation, hailstorm, snowfall, frost, drought, lightning, landslide, earthquake, natural calamity, insects and other diseases. In addition, this insurance policy provides accidental insurance of Rs 200,000 to coffee farmers.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">However, the insurance will not cover the indirect loss in coffee farming and the damage caused by the authorized body. Insurance companies are not liable to pay for the losses caused by radiation, nuclear, chemical and biological weapons, war or war-like conditions. Likewise, partial insurance is not available for coffee planted in the same area. The policy holder needs to insure the entire coffee farming area in order to avail the service.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The sum of insured amount of the entire farm will be calculated based on the number of coffee plants, price per plant and production cost. The premium will be determined at the rate of five percent of the assured amount. However, the insurance premium can be paid by deducting the premium subsidy provided by the government. Currently, the government provides 80 percent subsidy in agricultural insurance. Accordingly, the farmers are required to pay 20 percent insurance premium. For additional accidental insurance service, an extra premium of Rs 500 has to be paid.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The insured amount of coffee farming should be verified by the National Tea and Coffee Development Board of the concerned district and other authorized bodies. To receive the insurance service, farmers have to cultivate coffee in accordance with the prescribed technical criteria.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In case of any damage to the coffee farming, the concerned farmer has to inform the insurance company through any medium within three days. After that, the claim process will move forward.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The company should send a loss evaluator within seven days after receiving the claim paper from the policy holder. After that, the claim has to be settled by completing the necessary processes. The company must settle the claim within 35 days upon receiving the evaluation report.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14052', 'image' => '20211116012420_1637019285.Clipboard01.jpg', 'article_date' => '2021-11-16 13:23:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14307', 'article_category_id' => '1', 'title' => 'Nationwide Strike has General Effect ', 'sub_title' => '', 'summary' => 'November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. The public is facing inconvenience to commute as less number of public vehicles are seen operating today (November 16) compared to normal days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The strike has also had general impact on the industrial sector and businesses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, 86 people forcibly enforcing the shutdown have been taken under control from various places of the country, spokesperson at the Ministry of Home Affairs, Phanindra Mani Pokharel, said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the public vehicles are operating in less numbers, the movement of private and government vehicles have not been affected. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Netra Bikram Chand-led group claimed that the general strike has been enforced to press the government to withdraw the hike in the price of petroleum products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Metropolitan Police Range Kathmandu informed that six persons enforcing the shutdown have been taken under control in Kathmandu. </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 spokesperson at the Metropolitan Police Range Kathmandu, Ramesh Kumar Basnet, vehicles are operating normally and the life is also normal at present. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14051', 'image' => '20211116013413_20210726100917_20200903113103_1599056781.jpg', 'article_date' => '2021-11-16 13:33:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14305', 'article_category_id' => '1', 'title' => 'Insurance Board Issues Separate Directive for Accidental Insurance', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has issued a separate directive for accidental insurance. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 16: The Insurance Board has issued a separate directive for accidental insurance. The board has issued the Accidental Insurance Directive 2078 on Monday, November 15.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The accidental insurance is already in practice in Nepal, but there were no separate guidelines and standards. The insurance companies had been providing coverage for accidental insurance with a separate approval from the board under other policies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has now issued the directive by formulating the necessary criteria in this regard.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the board, said that the directive on accidental insurance has been issued for the first time. "Accidental insurance was already there as an insurance scheme. However, there were no guidelines or criteria to address it. Companies have been covering the topic under various alternative headings. Therefore, we have issued a separate directive. We expect this to facilitate the accidental insurance business,” 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:"Times New Roman","serif"">The Insurance Board has issued the directive for non-life insurance companies. Now non-life insurance companies will have to deal with such insurance as per the new guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has made arrangements to insure the accident individually and collectively through the directive. People belonging to a certain group can be insured collectively but a separate group cannot be created just for the sake of collective insurance.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The premium for personal accidental insurance of Rs 100,000 has been fixed at Rs 200 per person.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">On the collective side, when insuring a group of 25 individuals one has to pay Rs 2 per thousand.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also made a provision not to allow any discount on insurance premiums. However, up to 5 percent discount can be given if the customer goes to the company and insures himself and not through the agent. The guideline states that even while giving such an exemption, such discount cannot be provided in case of the insurance premium for rioting and terrorism.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also implemented a minimum insurance rate for such insurance. When calculating the premium, the service seekers will not be charged less than Rs 100 per policy.</span></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14050', 'image' => '20211116122958_1637019330.Clipboard03.jpg', 'article_date' => '2021-11-16 12:29:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14304', 'article_category_id' => '1', 'title' => 'Handicraft Export Down by 50 Percent', 'sub_title' => '', 'summary' => 'November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. The pandemic has had a direct impact on export business and tourism.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Federation of Handicraft Association of Nepal (FHAN), before the outbreak of the pandemic, handicraft items worth Rs 10 to 12 billion used to be exported from Nepal every year. However, after the pandemic hit the world economy for almost two years, the export business of handicrafts has also declined by about 50 percent to Rs 6 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">FNCCI Fair Committee Coordinator Rabindra Shakya said that the federation is going to run an online portal called e-kala Nepal to run the business in a new way by turning the challenges caused by the pandemic into an opportunity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The online portal will be launched on the occasion of the 18th Handicraft Trade Fair and the 16th Craft Competition to be held in Kathmandu from November 19 to 21.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the federation, handicraft items worth Rs 6 billion are sold in the domestic market every year. The major international markets for Nepali handicrafts are the United States, China and European countries. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14049', 'image' => '20211116120611_20170913113102_sect.jpg', 'article_date' => '2021-11-16 12:05:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14303', 'article_category_id' => '1', 'title' => 'Media Society Concerned About Advertisement Ban', 'sub_title' => '', 'summary' => 'November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.', '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"">November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.</span></span></span></span></p> <p><span 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 Advertisement Board had instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements related to alcoholic and tobacco products. Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco products during the festive season and the same practice was noticed in hoarding boards placed at different parts of the country, the board said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a joint statement on Sunday (November 14), Nepal Media Society, Radio Broadcasters Forum Nepal and Advertisement Association of Nepal expressed dissatisfaction over such notice issued by the board without consulting with the stakeholders. The statement noted that the advertisement industry had just started to claw back to its feet in the aftermath of the Covid-19 crisis when the board issued such notice that discourages them to operate their business.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“Government authorities collect millions of rupees as revenue from businessmen while the production, sale and distribution of the products mentioned by the board has not been banned. In this context, is it a crime to advertise the same product? This is not just,” reads the statement.</span></span></span></span></p> <p><span 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 statement added that the products that are advertised are produced legally and the advertisement part only focuses on high-quality products. Banning the advertisement of such products only encourages illegally-produced products, added the statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">They also added that the government should protect millions of investment poured into this sector and also come up with a clear view regarding the management of those who will lose their jobs because of the new policy.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14048', 'image' => '20211116101355_noalcho-800x445.jpg', 'article_date' => '2021-11-16 10:13:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14302', 'article_category_id' => '1', 'title' => 'Special Training II for Startups Concludes', 'sub_title' => '', 'summary' => 'November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15). The program organised in association with Garima Bikash Bank Limited was held as a part of “Kumari Bank NewBiz Startup Summit and Awards” which will be held on November 25. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Ranjit Acharya, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), gave the training on topics like branding, promotion and media management to the startups and entrepreneurs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We need to aim big and make preparations to achieve the goal. Taking a step back does not mean failure, rather it is a preparation for another step,” said Acharya. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Vision, passion, trust, honesty, integrity, and communication are vital for success, according to Accharya. Along with this commitment, patience is equally important. Another thing that is important is to break the mind wall and have self-confidence, Acharya further stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chairperson of New Business Age Pvt. Ltd Madan Lamsal said that the main purpose of organising this programme is to encourage the entrepreneurs with new ideas and help them grow. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We feel that having an idea is not enough in business. Along with idea other skills are also required,” he said, adding, “We have found many successful entrepreneurs lacking certain skills. So we have organised this programme so that we can help them develop themselves and grow.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the NewBiz Startup Summit and Award is Kumari Bank Limited, and the co-sponsor is Garima Bikas Bank Limited. Similarly, Citizen Life Insurance Co Limited, IME Remit, NLG Insurance Co Limited and Nimbus Group have supported the event. Mansiri Trading is the infra partner and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepalese Young Entrepreneurs Forum (NYEF) and Dish Home are associate partners of the Summit and Awards. Mango Tech is the technical partner of the programme. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14047', 'image' => '20211116094542_1637022284.jpg', 'article_date' => '2021-11-16 09:44:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14301', 'article_category_id' => '1', 'title' => 'Energy Summit in UAE after COP26 Stresses Fossil Fuel Demand', 'sub_title' => '', 'summary' => 'November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to the Associated Press, such a message comes just days after these same nations joined around 200 countries in accepting a compromise deal aimed at limiting rising global temperatures and curbing greenhouse emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy ministers from two key OPEC nations — the United Arab Emirates and Saudi Arabia — reportedly pointed to the rising price of natural gas and the energy crunch this has created in Europe and China as examples of what happens when demand outstrips supply. They say this has raised the price of energy across the board, impacting oil prices now hovering around $80 a barrel, AP further reported.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">“After almost a decade of under-investment in our industry, the world has sleepwalked into a supply crunch. It is time to wake up,” AP quoted Managing Director and CEO of the Abu Dhabi National Oil Company Sultan Al-Jaber as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The remarks came at the start of the annual Abu Dhabi International Petroleum Exhibition and Conference.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Al-Jaber argued over $600 billion annually will need to be invested in the oil and gas industry until 2030 — just to keep up with expected global demand. Al-Jaber, who is also chairman of Abu Dhabi’s renewable energy firm Masdar, said that while a future run on renewable energy is coming “it is not here yet” and the world is still heavily reliant on oil and gas.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to AP, US President Joe Biden's administration, while rallying nations to shift away from burning fossil fuels, has simultaneously called on OPEC to increase production as prices climb for consumers at the pump. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Major oil producers in the OPEC+ group have so far refused to veer from their gradual approach of restoring production levels slashed amid the pandemic of 2020.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy Minister of the UAE Suhail al-Mazrouei told the Associated Press that the OPEC+ group, which includes Russia and other non-OPEC oil producers, is relying on independent technical data that shows there will be a surplus of oil early next year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The deal reached in Glasgow, Scotland on Saturday by nations around the world contained a last-minute change that watered down crucial language about coal, AP reported. According to the news agency,several countries expressed disappointment by the change promoted by India to “phase down,” rather than “phase out” coal power, the single biggest source of greenhouse gas emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, reportedly warned against an energy transition that results in unrealistically high costs for consumers. He said it was important that the ADIPEC conference in Abu Dhabi was being held just after the COP26 summit in Glasgow so focus can be on “both on what the reality on the ground is and the need to manage the transition.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14046', 'image' => '20211116081846_Energy.jpg', 'article_date' => '2021-11-16 08:17:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14300', 'article_category_id' => '1', 'title' => 'Hongshi Shivam Cement to Double its Production Capacity', 'sub_title' => 'Investors to Pour in Additional Investment of Rs 20 Billion After Receiving Electricity', 'summary' => 'November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment. The cement factory is pouring in an additional Rs 20 billion to increase the production capacity. The company had earlier invested Rs 36 billion for cement production. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Until now, Hongshi Shivan Cement used to produce cement using diesel energy. The cement company started received 30 megawatts of electricity from Nepal Electricity Authority since November 13. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The company has been producing 6000 metric tons of cement regularly from its Nawalparsi-based factory. The industry is pouring in more investment to increase its production capacity by an additional 6000 metric tons a day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The industry will meet its full production capacity by producing 12000 metric tons of cement a day with the additional investment. Despite receiving additional investment and extension in production capacity, the industry will operate in the same modality as before. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The cement industry is a joint venture of Chinese and Nepali investors. Hong Kong Red Lion group owns 70 percent stake of the company, and Shivam Cement owns the remaining 30 percent stake of the company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The capacity enhancement of the industry will be done on the same modality. The Chinese investor will put in 70 percent investment, and Nepali investors will add 30 percent of the proposed capital. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Follow the link below to read related news:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">https://www.newbusinessage.com/Articles/view/12835</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14045', 'image' => '20211115012836_20201222023815_My Effect.jpg', 'article_date' => '2021-11-15 13:27:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14299', 'article_category_id' => '1', 'title' => 'State-Owned FMTC Delays Purchase of Paddy at Minimum Support Price', 'sub_title' => '', 'summary' => 'November 15: The state-owned Food Management and Trading Company (FMTC) which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government has delayed purchasing the paddy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: The state-owned Food Management and Trading Company (FMTC), which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government, has delayed purchasing the paddy. The reason for this is the delay in release of budget for purchasing the paddy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In the current fiscal year, the FMTC had aimed purchasing 30,000 metric tons of paddy at the minimum support price subject to the release of budget by the government. But the budget release got delayed, which also affected the timely purchase of paddy by the FMTC. The direct impact is being felt by the farmers who are still in despair due to the loss caused by the unseasonal rainfall and floods. Now, the farmers have no option left other than selling the paddy to local traders at a rate lower than the minimum support price fixed by the government as they need to buy fertilizers for sowing winter 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:"Times New Roman","serif"">For the current fiscal year, the government has allocated the minimum support prices for different types of paddy. The support price of coarse-grained paddy is Rs 2,725 per quintal whereas the medium-grained paddy is Rs 2,902 per quintal. Traders are taking advantage of this situation and have started buying paddy at arbitrarily low prices. Meanwhile, farmers in most districts including Banke, Bardiya, Kailali, Kanchanpur, Dang and Rupandehi have been forced to sell paddy at a price lower than the support price.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The main branch office of the FMTC located at Rajapur of Bardiya is still not showing any signs of purchasing paddy. On the other hand, the traders are buying paddy from farmers at prices as low as Rs 1,800 to Rs 2,500 per quintal, according to the coordinator of Rajapur Paddy Superzone, Agni Aryal. He informed New Business Age that traders are buying paddy at very low prices arguing that the paddy has been soaked with water due to the unseasonal rainfall.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">“The government’s job is not only to allocate the support prices, but also to start buying the paddy on time,” said Aryal adding, “It is a pity that farmers do not get a fair price for the paddy they have grown by shedding blood and sweat. It needs to be brought to the notice of the concerned bodies as soon as possible.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Amidst all the chaos, the FMTC officials informed that it is still not certain when they would be able to buy the paddy. Sharmila Neupane, information officer of the FMTC, said that on one hand, the budget has not been approved while on the other hand, the standard for making purchases of which type of paddy has still not been prepared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to Neupane, after the FMTC makes purchase of paddy, they manufacture rice grains and store them for a long time to gradually sell in future. To do so, the paddy is purchased only after testing the quality as per the international standards. FMTC buys paddy that is only up to 18 percent moist. “However, the paddy this year got damaged due to unseasonal rain. There are additional concerns of whether the paddy would be of designated standards or not,” said Neupane.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Neupane also claimed that although it is not sure when the FMTC would start buying the paddy, efforts are being made to initiate the purchase of paddy as soon as possible.</span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14044', 'image' => '20211115011216_20210620015152_20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-11-15 13:11:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14298', 'article_category_id' => '1', 'title' => 'Airlines Companies Hike Air Fare ', 'sub_title' => '', 'summary' => 'November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF)', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF). The Airline Operators Association of Nepal (AOAN) decided to increase the fuel surcharge along with the airfare after the price of aviation turbine fuel was increased by Rs 5 per litre. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the increased fare, the fuel surcharge for Kathmandu-Dhangadhi flights has been increased by Rs 220. Likewise, Rs 175 has been increased in Kathmandu-Surkhet route, Rs 105 for Kathmandu-Bhairahawa route and Rs 80 for Kathmandu-Pokhara route.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The fare hike has come into effect from Monday (November 15). With the increment of Rs 5, the price of aviation turbine fuel has reached Rs 101 per liter. Earlier, the price of aviation fuel was Rs 96.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prior to this, the domestic airline companies had also increased the price of air tickets on November 3 after the NOC hiked the price of ATF in late October.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14043', 'image' => '20211115121825_20211104080057_20210221121806_Summit Air Landing.jpg', 'article_date' => '2021-11-15 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14297', 'article_category_id' => '1', 'title' => 'Scores of Passengers Stranded at Simikot Airport due to Shortage of Air Tickets ', 'sub_title' => '', 'summary' => 'November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. As a result, students who are scheduled to return to their destinations for their studies after completing their festive vacations have been hit hard the most. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Humla, which has yet to connect to the national road network, relies on air travel to travel to other parts of the country. Air ticket agents belonging to private airlines in the district have been blamed for selling tickets arbitrarily, thus causing shortage of air tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Rawal of Kharpunath-1 in the district complained that he failed to book air ticket for himself since one week despite continuous efforts. "I fear I will miss my examination scheduled for November 17 as a result." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that he showed recommendations from the district administration office requesting the respective airline to manage an air ticket for him, but to no avail. Private airlines—Sita, Summit and Tara—have been operating flights from the district. Sita Airlines did not run its flight from the district since one week as its aircraft broke down, it has been said. In case of other airlines, their ticket agents have been selling tickets arbitrarily, thus leading to a shortage of air tickets, passengers complained. The people's representatives and concerned authorities say they are unaware about it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Security guards at Simkot Airport in the district have been accused of mistreating media-persons who reached the airport to cover the news related to the stranded passengers. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14042', 'image' => '20211115111031_20190213013056_pinterest.jpg', 'article_date' => '2021-11-15 11:09:43', '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
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 133]file not found!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' => '14311', 'article_category_id' => '1', 'title' => 'Nepal’s Coffee Export Increases by 66 Percent', 'sub_title' => '', 'summary' => 'November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">November 17: Nepal's coffee export increased by 66 percent during the last fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to the Department of Customs, Nepal exported coffee worth Rs 57.7 million in the fiscal year 2019/20 which increased to Rs 96 million in the last fiscal year (FY 2020/21). </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Quantity-wise, Nepal exported 46.89 metric tons of coffee in FY 2019/20 and 72.48 metric tons of coffee in FY 2020/21, according to the data provided by the department.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">According to stakeholders, the demand for coffee produced in Nepal is increasing day by day as the product has been able to establish its name in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Out of the total coffee produced in Nepal, around 25 percent is exported to foreign countries.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Organising a press conference in Kirtipur on the eve of the 17th Coffee Day on Tuesday, Executive Director of the National Tea and Coffee Development Board Dr Bishnu Prasad Bhattarai informed that the export of coffee from Nepal remained encouraging during the time of Covid-19 crisis.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">He stated that the production of coffee could play an important role for the nation’s prosperity. According to the board, the authentic taste and quality of coffee produced in Nepal have enabled the products to be sold at high price in the international market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also unveiled plans to announce programmes to attract youths towards coffee farming. Executive Director Bhattarai informed that the programme will be launched in the upcoming fiscal year to give employment opportunities to youth as well as to contribute to the country's prosperity.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board further informed that it has already prepared plans to develop pocket areas of coffee farms into coffee estates.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The board also fixed the minimum support price of coffee for farmers effective from November 17 on the occasion of the 17<sup>th</sup> Coffee Day. According to the board, the minimum support price of coffee was determined by taking into consideration the suggestions provided by stakeholders and the cost incurred by the farmers. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">As per the price list unveiled by the board, the support price of Fresh Cherry Grade A Coffee has been fixed at Rs 90 per kg. According to Executive Director Bhattarai, the price of Grade B coffee has been fixed at Rs 80 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of Parchment Grade A Coffee has been fixed at Rs 450 per kg while that of Grade B has been fixed at Rs 397 per kg.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the price of Dry Cherry Grade A Coffee has been fixed at Rs 148 per kg and the price of Grade B of the same category of coffee is Rs 95 per kg.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14056', 'image' => '20211117113916_20190418012512_aaaaa.jpg', 'article_date' => '2021-11-17 11:38:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14310', 'article_category_id' => '1', 'title' => 'Israel Pledges to Create more Employment Opportunities for Nepali Labourers ', 'sub_title' => '', 'summary' => 'November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Israel has expressed its readiness to create more employment opportunities for Nepali labourers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Israel's ambassador to Nepal Hanan Goder made such commitment during a meeting with Minister for Labour, Employment and Social Security Krishna Kumar Shrestha at the latter's office on Tuesday. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Ambassador Goder said that Israel was ready to provide jobs for the Nepalis in other professions besides 'care-givers'. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Ministry of Labour, Employment and Social Security, during the meeting Minister Shrestha requested Israel's envoy Goder to help create work opportunities for the Nepalis in other sectors as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Currently, there are around 12,000 Nepalis labourers working in Israel. As per the labour pact inked between Nepal and Israel in 2020, Israel has provided work opportunities for 1,175 Nepali workers as care-giver who are all set to fly to Israel after completing required tests and examinations. -- RSS</span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14055', 'image' => '20211117081814_Flag-Pins-Nepal-Israel_600x600.jpg', 'article_date' => '2021-11-17 08:17:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14309', 'article_category_id' => '1', 'title' => 'Prime Minister Deuba in Favour of Clean Energy', 'sub_title' => '', 'summary' => 'November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 17: Prime Minister Sher Bahadur Deuba has said that the government has given special attention to the development and promotion of clean energy in order to resolve problems created by climate change. </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"">Addressing the 20th annual general assembly of Independent Power Producers' Association Nepal on Tuesday, he laid emphasis on the need of involvement of all to lessen the impacts of climate change. Deuba added that the problem is getting worse due to bio fuel and increase in incidents of natural disaster like landslide and unseasonal rainfall. </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 prime minister was of the view that although "we have not created problems related to climate change, we have been affected by it." Therefore, he stressed on the need of developing clean energy to resolve this problem. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba said that the mountains are becoming bare and "we should be alert on time" as it would invite a serious crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further said that the government would formulate a special action plan in order to promote the use of electric vehicles and induction oven. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba added that the government is ready to provide grants to promote clean energy and also assured to provide all types of support to resolve the problems faced by the energy sector. </span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-11-17', 'modified' => '2021-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '14054', 'image' => '20211117080738_shutterstock_275198234.jpg', 'article_date' => '2021-11-17 08:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14308', 'article_category_id' => '1', 'title' => 'Stakeholders Stress on Prioritizing Green Financing in Nepal', 'sub_title' => '', 'summary' => 'November 16: Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16:<strong> </strong>Stakeholders and experts of Green Climate Funding are of the view that prioritization, capacity building, and policy paradigm are crucial for the development of Green SME Financing in Nepal.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Siddhant Pandey, chairman and CEO of Business Oxygen Private Limited shared that Green SME Financing is a new topic for an underdeveloped country like Nepal. However, there are tremendous possibilities in the area of Green Financing to expand, he said while speaking at a panel discussion organized by Nepal Economic Forum on the topic of Exploring Challenges and Opportunities Post COP 26 at Hotel Himalaya. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Likewise, he appreciated the government's effort in being proactive regarding the issue and actively drafting regulations to improve Green Investment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">“However, we have failed to implement the regulations in time,” he said, adding, </span>“We are in the starting phase and haven't done much, it will take time and eventually flourish in the days to come.”</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">P2P collaboration can bring in a lot of initiative to overcome the current challenges and channelize the fund, Pandey further said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing aims to eject funds for reducing carbon emissions or raising resource efficiency. In simple words, green investment aims at supporting business practices that have a favorable impact on the environment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Similarly, Chandni Singh, private sector development advisor to the British Embassy, shared that prioritization of Green Financing is important for it to flourish in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that Nepal should learn from the experiences of other countries for the promotion and implementation of Green Financing in 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:"Times New Roman","serif"">Equity ventures like BO2 and Dolma have been investing in green energy in Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Singh also added that SMEs have a huge potential in the sectors of energy, agriculture, and tourism with Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">During the discussion, the panelist kept their views on the limitation of funds on funding SMEs through Green Financing. The panelists also shared that the SMEs in Nepal are unable to receive sufficient funds due to the lack of collateral. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Another panelist Anupa Rimal Lamichhane, regional manager of Asia Pacific Green Climate Fund, shared her work experiences on Green Financing. She gave some examples from her previous work experiences in Chile and Africa on funding programs under Green Financing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“</span></span><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In Nepal, we have been channeling the funds with the private sector but we have been working with the government to facilitate them. The government needs to take the initiative to implement right sort of regulation to get in FDI for Green Financing projects,” she shared. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Likewise, she added that the government should prioritize climate financing, plan projects that the country needs under it, build the capacity of the entire value chain and the project. Enabling the environment in the country by amending policies and regulations is crucial, she added.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Green Financing is a part of the Paris Agreement to reduce carbon emissions through public-private collaboration. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government aims to collect Rs 25 billion from Climate Finance by 2045. Stakeholders share that it is an ambitious goal set by the government that requires heavy investment. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Meanwhile, Peter Mousley, lead private sector specialist at the World Bank Nepal, shared that a lot of initiative has been taken in Climate Financing. However, there is a lot that needs to be done, he added. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">He shared that the lack of accurate data is one of the major problems to track the situation. This is where the regulator comes in and the government can help. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The core focus of Green Financing lies on ventures or enterprises that are committed to the conservation of natural resources, pollution reduction, or other environmentally conscious business practices, which also benefit society. However, the panelists shared that green investment tends to be slightly more specific. According to them, green investments can also refer to companies that have other lines of business but focus on green-based initiatives or product lines.</span></span> <span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Investors want to put their investment not in the SME but in the companies with results, the panelist shared. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14053', 'image' => '20211116091537_shutterstock-586341557-unsplash.jpg', 'article_date' => '2021-11-16 21:14:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14306', 'article_category_id' => '1', 'title' => 'Insurance Board Introduces Insurance Policy for Coffee Farming', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 16: The Insurance Board has introduced coffee farming insurance policy allowing coffee farmers to insure their coffee products</span>.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The board has implemented the insurance policy in line with the Crop and Livestock Insurance Directive-2069. The policy has come into effect from Monday, November 15.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The Insurance Board has been coming up with policies under agriculture and animal husbandry. Rajuraman Poudel, managing director of the board, said that the new policy has been introduced to insure coffee farming. He said that the insurance policy has been prepared to cover most of the risks in coffee farming.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">This insurance policy covers the damage caused by fire, hurricane, storm, flood, inundation, hailstorm, snowfall, frost, drought, lightning, landslide, earthquake, natural calamity, insects and other diseases. In addition, this insurance policy provides accidental insurance of Rs 200,000 to coffee farmers.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">However, the insurance will not cover the indirect loss in coffee farming and the damage caused by the authorized body. Insurance companies are not liable to pay for the losses caused by radiation, nuclear, chemical and biological weapons, war or war-like conditions. Likewise, partial insurance is not available for coffee planted in the same area. The policy holder needs to insure the entire coffee farming area in order to avail the service.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The sum of insured amount of the entire farm will be calculated based on the number of coffee plants, price per plant and production cost. The premium will be determined at the rate of five percent of the assured amount. However, the insurance premium can be paid by deducting the premium subsidy provided by the government. Currently, the government provides 80 percent subsidy in agricultural insurance. Accordingly, the farmers are required to pay 20 percent insurance premium. For additional accidental insurance service, an extra premium of Rs 500 has to be paid.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The insured amount of coffee farming should be verified by the National Tea and Coffee Development Board of the concerned district and other authorized bodies. To receive the insurance service, farmers have to cultivate coffee in accordance with the prescribed technical criteria.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">In case of any damage to the coffee farming, the concerned farmer has to inform the insurance company through any medium within three days. After that, the claim process will move forward.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">The company should send a loss evaluator within seven days after receiving the claim paper from the policy holder. After that, the claim has to be settled by completing the necessary processes. The company must settle the claim within 35 days upon receiving the evaluation report.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14052', 'image' => '20211116012420_1637019285.Clipboard01.jpg', 'article_date' => '2021-11-16 13:23:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14307', 'article_category_id' => '1', 'title' => 'Nationwide Strike has General Effect ', 'sub_title' => '', 'summary' => 'November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 16: The countrywide general shutdown called by the Communist Party of Nepal led by Netra Bikram Chand is causing a general effect in daily life. The public is facing inconvenience to commute as less number of public vehicles are seen operating today (November 16) compared to normal days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The strike has also had general impact on the industrial sector and businesses. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, 86 people forcibly enforcing the shutdown have been taken under control from various places of the country, spokesperson at the Ministry of Home Affairs, Phanindra Mani Pokharel, said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Although the public vehicles are operating in less numbers, the movement of private and government vehicles have not been affected. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Netra Bikram Chand-led group claimed that the general strike has been enforced to press the government to withdraw the hike in the price of petroleum products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Metropolitan Police Range Kathmandu informed that six persons enforcing the shutdown have been taken under control in Kathmandu. </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 spokesperson at the Metropolitan Police Range Kathmandu, Ramesh Kumar Basnet, vehicles are operating normally and the life is also normal at present. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14051', 'image' => '20211116013413_20210726100917_20200903113103_1599056781.jpg', 'article_date' => '2021-11-16 13:33:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14305', 'article_category_id' => '1', 'title' => 'Insurance Board Issues Separate Directive for Accidental Insurance', 'sub_title' => '', 'summary' => 'November 16: The Insurance Board has issued a separate directive for accidental insurance. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 16: The Insurance Board has issued a separate directive for accidental insurance. The board has issued the Accidental Insurance Directive 2078 on Monday, November 15.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The accidental insurance is already in practice in Nepal, but there were no separate guidelines and standards. The insurance companies had been providing coverage for accidental insurance with a separate approval from the board under other policies.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has now issued the directive by formulating the necessary criteria in this regard.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Nirmal Adhikari, information officer of the board, said that the directive on accidental insurance has been issued for the first time. "Accidental insurance was already there as an insurance scheme. However, there were no guidelines or criteria to address it. Companies have been covering the topic under various alternative headings. Therefore, we have issued a separate directive. We expect this to facilitate the accidental insurance business,” 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:"Times New Roman","serif"">The Insurance Board has issued the directive for non-life insurance companies. Now non-life insurance companies will have to deal with such insurance as per the new guidelines.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has made arrangements to insure the accident individually and collectively through the directive. People belonging to a certain group can be insured collectively but a separate group cannot be created just for the sake of collective insurance.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The premium for personal accidental insurance of Rs 100,000 has been fixed at Rs 200 per person.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">On the collective side, when insuring a group of 25 individuals one has to pay Rs 2 per thousand.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also made a provision not to allow any discount on insurance premiums. However, up to 5 percent discount can be given if the customer goes to the company and insures himself and not through the agent. The guideline states that even while giving such an exemption, such discount cannot be provided in case of the insurance premium for rioting and terrorism.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The board has also implemented a minimum insurance rate for such insurance. When calculating the premium, the service seekers will not be charged less than Rs 100 per policy.</span></span></span></span></p> <p><br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14050', 'image' => '20211116122958_1637019330.Clipboard03.jpg', 'article_date' => '2021-11-16 12:29:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14304', 'article_category_id' => '1', 'title' => 'Handicraft Export Down by 50 Percent', 'sub_title' => '', 'summary' => 'November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The export of handicraft items has declined by 50 percent in the last two years as the global economy has been hit hard by the Covid-19 pandemic. The pandemic has had a direct impact on export business and tourism.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Federation of Handicraft Association of Nepal (FHAN), before the outbreak of the pandemic, handicraft items worth Rs 10 to 12 billion used to be exported from Nepal every year. However, after the pandemic hit the world economy for almost two years, the export business of handicrafts has also declined by about 50 percent to Rs 6 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">FNCCI Fair Committee Coordinator Rabindra Shakya said that the federation is going to run an online portal called e-kala Nepal to run the business in a new way by turning the challenges caused by the pandemic into an opportunity.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The online portal will be launched on the occasion of the 18th Handicraft Trade Fair and the 16th Craft Competition to be held in Kathmandu from November 19 to 21.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the federation, handicraft items worth Rs 6 billion are sold in the domestic market every year. The major international markets for Nepali handicrafts are the United States, China and European countries. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14049', 'image' => '20211116120611_20170913113102_sect.jpg', 'article_date' => '2021-11-16 12:05:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14303', 'article_category_id' => '1', 'title' => 'Media Society Concerned About Advertisement Ban', 'sub_title' => '', 'summary' => 'November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.', '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"">November 16: Media associations and broadcasters of Nepal have raised concerns regarding a statement issued by the Advertisement Board on November 11 regarding the dissemination of advertisements related to tobacco and alcoholic products.</span></span></span></span></p> <p><span 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 Advertisement Board had instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements related to alcoholic and tobacco products. Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco products during the festive season and the same practice was noticed in hoarding boards placed at different parts of the country, the board said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Issuing a joint statement on Sunday (November 14), Nepal Media Society, Radio Broadcasters Forum Nepal and Advertisement Association of Nepal expressed dissatisfaction over such notice issued by the board without consulting with the stakeholders. The statement noted that the advertisement industry had just started to claw back to its feet in the aftermath of the Covid-19 crisis when the board issued such notice that discourages them to operate their business.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">“Government authorities collect millions of rupees as revenue from businessmen while the production, sale and distribution of the products mentioned by the board has not been banned. In this context, is it a crime to advertise the same product? This is not just,” reads the statement.</span></span></span></span></p> <p><span 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 statement added that the products that are advertised are produced legally and the advertisement part only focuses on high-quality products. Banning the advertisement of such products only encourages illegally-produced products, added the statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">They also added that the government should protect millions of investment poured into this sector and also come up with a clear view regarding the management of those who will lose their jobs because of the new policy.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14048', 'image' => '20211116101355_noalcho-800x445.jpg', 'article_date' => '2021-11-16 10:13:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14302', 'article_category_id' => '1', 'title' => 'Special Training II for Startups Concludes', 'sub_title' => '', 'summary' => 'November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 16: The second session of Special Training for Startups organised by New Business Age Pvt Ltd concluded in Kathmandu on Monday (November 15). The program organised in association with Garima Bikash Bank Limited was held as a part of “Kumari Bank NewBiz Startup Summit and Awards” which will be held on November 25. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Ranjit Acharya, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), gave the training on topics like branding, promotion and media management to the startups and entrepreneurs.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We need to aim big and make preparations to achieve the goal. Taking a step back does not mean failure, rather it is a preparation for another step,” said Acharya. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Vision, passion, trust, honesty, integrity, and communication are vital for success, according to Accharya. Along with this commitment, patience is equally important. Another thing that is important is to break the mind wall and have self-confidence, Acharya further stated.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Chairperson of New Business Age Pvt. Ltd Madan Lamsal said that the main purpose of organising this programme is to encourage the entrepreneurs with new ideas and help them grow. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We feel that having an idea is not enough in business. Along with idea other skills are also required,” he said, adding, “We have found many successful entrepreneurs lacking certain skills. So we have organised this programme so that we can help them develop themselves and grow.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The title sponsor of the NewBiz Startup Summit and Award is Kumari Bank Limited, and the co-sponsor is Garima Bikas Bank Limited. Similarly, Citizen Life Insurance Co Limited, IME Remit, NLG Insurance Co Limited and Nimbus Group have supported the event. Mansiri Trading is the infra partner and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Nepalese Young Entrepreneurs Forum (NYEF) and Dish Home are associate partners of the Summit and Awards. Mango Tech is the technical partner of the programme. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14047', 'image' => '20211116094542_1637022284.jpg', 'article_date' => '2021-11-16 09:44:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14301', 'article_category_id' => '1', 'title' => 'Energy Summit in UAE after COP26 Stresses Fossil Fuel Demand', 'sub_title' => '', 'summary' => 'November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">November 16: Energy ministers from across the developing world gathered in the emirate of Abu Dhabi on Monday and stressed the need for continued investment in fossil fuel production. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to the Associated Press, such a message comes just days after these same nations joined around 200 countries in accepting a compromise deal aimed at limiting rising global temperatures and curbing greenhouse emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy ministers from two key OPEC nations — the United Arab Emirates and Saudi Arabia — reportedly pointed to the rising price of natural gas and the energy crunch this has created in Europe and China as examples of what happens when demand outstrips supply. They say this has raised the price of energy across the board, impacting oil prices now hovering around $80 a barrel, AP further reported.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">“After almost a decade of under-investment in our industry, the world has sleepwalked into a supply crunch. It is time to wake up,” AP quoted Managing Director and CEO of the Abu Dhabi National Oil Company Sultan Al-Jaber as saying.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The remarks came at the start of the annual Abu Dhabi International Petroleum Exhibition and Conference.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Al-Jaber argued over $600 billion annually will need to be invested in the oil and gas industry until 2030 — just to keep up with expected global demand. Al-Jaber, who is also chairman of Abu Dhabi’s renewable energy firm Masdar, said that while a future run on renewable energy is coming “it is not here yet” and the world is still heavily reliant on oil and gas.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">According to AP, US President Joe Biden's administration, while rallying nations to shift away from burning fossil fuels, has simultaneously called on OPEC to increase production as prices climb for consumers at the pump. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Major oil producers in the OPEC+ group have so far refused to veer from their gradual approach of restoring production levels slashed amid the pandemic of 2020.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">Energy Minister of the UAE Suhail al-Mazrouei told the Associated Press that the OPEC+ group, which includes Russia and other non-OPEC oil producers, is relying on independent technical data that shows there will be a surplus of oil early next year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">The deal reached in Glasgow, Scotland on Saturday by nations around the world contained a last-minute change that watered down crucial language about coal, AP reported. According to the news agency,several countries expressed disappointment by the change promoted by India to “phase down,” rather than “phase out” coal power, the single biggest source of greenhouse gas emissions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt"><span style="font-family:"Helvetica","sans-serif"">India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, reportedly warned against an energy transition that results in unrealistically high costs for consumers. He said it was important that the ADIPEC conference in Abu Dhabi was being held just after the COP26 summit in Glasgow so focus can be on “both on what the reality on the ground is and the need to manage the transition.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-16', 'modified' => '2021-11-16', 'keywords' => '', 'description' => '', 'sortorder' => '14046', 'image' => '20211116081846_Energy.jpg', 'article_date' => '2021-11-16 08:17:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14300', 'article_category_id' => '1', 'title' => 'Hongshi Shivam Cement to Double its Production Capacity', 'sub_title' => 'Investors to Pour in Additional Investment of Rs 20 Billion After Receiving Electricity', 'summary' => 'November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: Hongshi Shivan Cement Industry which received electricity three years after starting its commercial production will enhance its production capacity by injecting additional investment. The cement factory is pouring in an additional Rs 20 billion to increase the production capacity. The company had earlier invested Rs 36 billion for cement production. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Until now, Hongshi Shivan Cement used to produce cement using diesel energy. The cement company started received 30 megawatts of electricity from Nepal Electricity Authority since November 13. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The company has been producing 6000 metric tons of cement regularly from its Nawalparsi-based factory. The industry is pouring in more investment to increase its production capacity by an additional 6000 metric tons a day.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The industry will meet its full production capacity by producing 12000 metric tons of cement a day with the additional investment. Despite receiving additional investment and extension in production capacity, the industry will operate in the same modality as before. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The cement industry is a joint venture of Chinese and Nepali investors. Hong Kong Red Lion group owns 70 percent stake of the company, and Shivam Cement owns the remaining 30 percent stake of the company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The capacity enhancement of the industry will be done on the same modality. The Chinese investor will put in 70 percent investment, and Nepali investors will add 30 percent of the proposed capital. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Follow the link below to read related news:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">https://www.newbusinessage.com/Articles/view/12835</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14045', 'image' => '20211115012836_20201222023815_My Effect.jpg', 'article_date' => '2021-11-15 13:27:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14299', 'article_category_id' => '1', 'title' => 'State-Owned FMTC Delays Purchase of Paddy at Minimum Support Price', 'sub_title' => '', 'summary' => 'November 15: The state-owned Food Management and Trading Company (FMTC) which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government has delayed purchasing the paddy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 15: The state-owned Food Management and Trading Company (FMTC), which is responsible for the purchase of paddy from farmers at the minimum support price fixed by the government, has delayed purchasing the paddy. The reason for this is the delay in release of budget for purchasing the paddy.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">In the current fiscal year, the FMTC had aimed purchasing 30,000 metric tons of paddy at the minimum support price subject to the release of budget by the government. But the budget release got delayed, which also affected the timely purchase of paddy by the FMTC. The direct impact is being felt by the farmers who are still in despair due to the loss caused by the unseasonal rainfall and floods. Now, the farmers have no option left other than selling the paddy to local traders at a rate lower than the minimum support price fixed by the government as they need to buy fertilizers for sowing winter 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:"Times New Roman","serif"">For the current fiscal year, the government has allocated the minimum support prices for different types of paddy. The support price of coarse-grained paddy is Rs 2,725 per quintal whereas the medium-grained paddy is Rs 2,902 per quintal. Traders are taking advantage of this situation and have started buying paddy at arbitrarily low prices. Meanwhile, farmers in most districts including Banke, Bardiya, Kailali, Kanchanpur, Dang and Rupandehi have been forced to sell paddy at a price lower than the support price.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The main branch office of the FMTC located at Rajapur of Bardiya is still not showing any signs of purchasing paddy. On the other hand, the traders are buying paddy from farmers at prices as low as Rs 1,800 to Rs 2,500 per quintal, according to the coordinator of Rajapur Paddy Superzone, Agni Aryal. He informed New Business Age that traders are buying paddy at very low prices arguing that the paddy has been soaked with water due to the unseasonal rainfall.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">“The government’s job is not only to allocate the support prices, but also to start buying the paddy on time,” said Aryal adding, “It is a pity that farmers do not get a fair price for the paddy they have grown by shedding blood and sweat. It needs to be brought to the notice of the concerned bodies as soon as possible.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Amidst all the chaos, the FMTC officials informed that it is still not certain when they would be able to buy the paddy. Sharmila Neupane, information officer of the FMTC, said that on one hand, the budget has not been approved while on the other hand, the standard for making purchases of which type of paddy has still not been prepared.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">According to Neupane, after the FMTC makes purchase of paddy, they manufacture rice grains and store them for a long time to gradually sell in future. To do so, the paddy is purchased only after testing the quality as per the international standards. FMTC buys paddy that is only up to 18 percent moist. “However, the paddy this year got damaged due to unseasonal rain. There are additional concerns of whether the paddy would be of designated standards or not,” said Neupane.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Neupane also claimed that although it is not sure when the FMTC would start buying the paddy, efforts are being made to initiate the purchase of paddy as soon as possible.</span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14044', 'image' => '20211115011216_20210620015152_20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-11-15 13:11:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14298', 'article_category_id' => '1', 'title' => 'Airlines Companies Hike Air Fare ', 'sub_title' => '', 'summary' => 'November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF)', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 15: Airline companies have increased the airfare of domestic flights after Nepal Oil Corporation (NOC) increased the price of aviation turbine fuel (ATF). The Airline Operators Association of Nepal (AOAN) decided to increase the fuel surcharge along with the airfare after the price of aviation turbine fuel was increased by Rs 5 per litre. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the increased fare, the fuel surcharge for Kathmandu-Dhangadhi flights has been increased by Rs 220. Likewise, Rs 175 has been increased in Kathmandu-Surkhet route, Rs 105 for Kathmandu-Bhairahawa route and Rs 80 for Kathmandu-Pokhara route.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The fare hike has come into effect from Monday (November 15). With the increment of Rs 5, the price of aviation turbine fuel has reached Rs 101 per liter. Earlier, the price of aviation fuel was Rs 96.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Prior to this, the domestic airline companies had also increased the price of air tickets on November 3 after the NOC hiked the price of ATF in late October.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14043', 'image' => '20211115121825_20211104080057_20210221121806_Summit Air Landing.jpg', 'article_date' => '2021-11-15 12:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14297', 'article_category_id' => '1', 'title' => 'Scores of Passengers Stranded at Simikot Airport due to Shortage of Air Tickets ', 'sub_title' => '', 'summary' => 'November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Scores of passengers, including students, have been stranded in Humla as they have been struggling to book air tickets. As a result, students who are scheduled to return to their destinations for their studies after completing their festive vacations have been hit hard the most. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Humla, which has yet to connect to the national road network, relies on air travel to travel to other parts of the country. Air ticket agents belonging to private airlines in the district have been blamed for selling tickets arbitrarily, thus causing shortage of air tickets. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bishnu Rawal of Kharpunath-1 in the district complained that he failed to book air ticket for himself since one week despite continuous efforts. "I fear I will miss my examination scheduled for November 17 as a result." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said that he showed recommendations from the district administration office requesting the respective airline to manage an air ticket for him, but to no avail. Private airlines—Sita, Summit and Tara—have been operating flights from the district. Sita Airlines did not run its flight from the district since one week as its aircraft broke down, it has been said. In case of other airlines, their ticket agents have been selling tickets arbitrarily, thus leading to a shortage of air tickets, passengers complained. The people's representatives and concerned authorities say they are unaware about it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Security guards at Simkot Airport in the district have been accused of mistreating media-persons who reached the airport to cover the news related to the stranded passengers. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14042', 'image' => '20211115111031_20190213013056_pinterest.jpg', 'article_date' => '2021-11-15 11:09:43', '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
