November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial…
November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial…
November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured.…
November 14: The government is running out of fertilizer stock right during the wheat-sowing…
November 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange…
November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19…
November 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November…
November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy…
November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating…
November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the…
November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one…
November 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government.…
November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years.…
November 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of Covid-19…
November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its…
November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum…
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </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"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</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"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14041', 'image' => '20211115082634_20201228012934_20201106055408_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2021-11-15 08:25:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14296', 'article_category_id' => '1', 'title' => '11 Injured in Tukuche Avalanche ', 'sub_title' => ' Human Casualty Averted due to Gorge ', 'summary' => 'November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. Most of them were students and teachers injured in stampede. </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 catastrophe, if it was not staved off by a gorge lying in between the peak and human settlement, would have killed many people of around 100 households, said ward chair of Thasang Rural Municipality-2 Nar Prasad Hirachan, who is also an eyewitness to the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hirachan told the state-owned national news agency RSS that the avalanche occurred at around 11:40 am. Also known as Manapathi Mountain by the locals, Tukuche Peak continued to see avalanche till evening worrying the locals. </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""><img alt="" src="/app/webroot/userfiles/images/dddd%282%29.jpg" style="height:398px; width:600px" /> </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:11px"><em><span style="font-family:"Arial Unicode MS","sans-serif"">Photo Courtesy: Sabin Thakuri</span></em></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"">Crops in the field, cattle's shed and crops kept for drying in open spaces were damaged by the avalanche. Yaks were also killed in the avalanche. Some locals shielded themselves in huge rock while some others saved themselves from the disaster hiding in corners, said Lal Bahadur Gurung, a local. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Over 160 students, teachers and staffers of the Jana Adarsha Amar Singh Secondary School in the lower part of the human settlement were protected themselves by hiding inside the school, said school principal Khem Gurung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Gurung, among the injured, some were school teachers and students. Five of them were critically injured while two were referred for further treatment. </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""><img alt="" src="/app/webroot/userfiles/images/Avalanche%20%284%29%281%29.jpg" style="height:328px; width:245px" /> </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are two rivers in the gorge-Bokshi and Lancue. The snow fallen during the avalanche fell into the two rivers, thereby reducing the scale of damage in the human settlement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ward chair Hirachan added, "If the avalanche had fallen into only one out of two rivers, it would have spelled disaster to the human settlement. Both the rivers have murky water flowing since the avalanche." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Human settlements of Naurikot, Lajing, Gobang and Bokshikhola would have been hit hard had there been no gorge, said Hirachan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Climate change expert Dr Ngamindra Dahal said the incident is one of the series of unexpected climate event in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Currently, it is generally the time when snow gets frozen, so such avalanche at present is the direct impact of climate change," he argued. He urged all to be aware of such erratic events. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14040', 'image' => '20211115083624_Avalanche (2).jpg', 'article_date' => '2021-11-15 08:35:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14294', 'article_category_id' => '1', 'title' => 'Farmers Likely to Face Fertilizer Shortage during Wheat-Sowing Season ', 'sub_title' => '', 'summary' => 'November 14: The government is running out of fertilizer stock right during the wheat-sowing season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 14: The government is running out of fertilizer stock right during the wheat-sowing season. Two of the government companies -- Salt Trading Corporation and Agricultural Inputs Company Limited -- which have been selling the fertilizers to the farmers at subsidized rates are running low stock. It is estimated that about 123,000 metric tons of fertilizers are required in this winter season for sowing wheat and for the plantation of vegetables.</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 Salt Trading Corporation’s stock of fertilizers is zero, whereas the stock of Agricultural Inputs Company Limited is just 15,500 metric tons. Farmers require DAP fertilizer to sow wheat. The company has a stock of just 300 metric tons of DAP and the stock of urea is 15,000 metric tons.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Spokesperson of Salt Trading Corporation, Kumar Raj Bhandari downplayed the saying that although the companies do not have much fertilizers in stock, attempts are being made to bring in more fertilizers to avoid the shortage of fertilizers. He also added that 25,000 metric tons of DAP and urea each are being imported and are on the way already.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Meanwhile, the farmers have already become the victims of fertilizer shortage. While it is already the time to reap paddy and sow wheat, an additional problem of fertilizer shortage has burdened the 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">Sowing of wheat has already begun in the Terai region of Nepal. Bhuwaneshwor Yadav, a farmer from Sunsari, shared that the farmers are worried if they will have to sow the wheat without fertilizers just like how they sowed mustard. He also shared that the farmers were compelled to return empty handed from the depots of Salt Trading Corporation and the Agricultural Inputs Company.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Earlier, the farmers also had to face shortage of fertilizers during the rainy season. They are worried that the same problem would repeat again in the winter season. The outgoing chairman of the National Farmers Commission, Chitra Bahadur Shrestha said that the farmers are still in despair after the paddy crop was damaged greatly by the unseasonal rains. It would be unfortunate if they have to face shortage of fertilizer as well.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to Shrestha, the farmers have lost hope in the government. The reason being, no matter how hard the government tries, it has never been able to get rid of the shortage of fertilizer when it is needed the most. “If chemical fertilizers are not used in the soil continuously, it might even affect the production of crops,” said Shrestha.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14039', 'image' => '20211114030600_images.jpeg-8.jpg', 'article_date' => '2021-11-14 15:04:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14292', 'article_category_id' => '1', 'title' => 'NEA Selling Electricity for as much as Rs 32 Per Unit in the Indian Market', 'sub_title' => '', 'summary' => 'November 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.', '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 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Bahadur Bhattarai, spokesperson of NEA, said that it sold electricity at Rs 32 per unit in the Indian market in between 6:30 pm to 6:45 pm on Thursday, November 11. "However, not all units of electricity is sold at Rs 32 per unit. It is being sold at different rates according to the demand of the open market," 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"">With the permission of the Government of India, NEA has been selling electricity in the Indian power exchange market at competitive rates since last November 3. Generally, NEA sells electricity at an average rate of IRs 3/4 per unit daily. However at the peak hour, the price of electricity goes up due to the rising energy crisis in India.</span></span></span></span></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"">NEA has been selling 39 MW of electricity generated from its own 24 MW Trishuli Hydropower Project and 15 MW Devighat Hydropower Project in the Indian energy exchange market since November 3. </span></span></span></span></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"">NEA sells electricity through 96 auctions which last every 15 minutes. Accordingly, the rate of electricity changes every fifteen minutes in the electricity exchange market. So, Nepali electricity was sold at Rs 32 per unit from 6:30 pm to 6:45 pm on Thursday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">NEA said that the rate of electricity changes or remains constant in every bid. It is traded even at the price of IRs 1.99. Kulman Ghising, managing director of NEA, said it is a great thing that electricity was sold at Rs 32 per unit. The power rate is unpredictable in the exchange market. According to the demand of the market, the buying and selling rate of electricity is determined by the system every 15 minutes. But, on a daily basis, our electricity is being sold at IRs 3/4," 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 Indian government had granted permission to the NEA to sell electricity in its exchange market on November 3. However, it had allowed Nepal to buy electricity from the exchange market last April. </span></span></span></span></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"">NEA had sent an application to the Ministry of Energy to become a member of the Indian power Exchange Market. The Ministry approved the application and made Nepal a member of its electricity exchange market. Nepal is the first country in South Asia to get permission to buy and sell electricity in the Indian market.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14037', 'image' => '20211114022109_Transmission.jpg', 'article_date' => '2021-11-14 14:20:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14290', 'article_category_id' => '1', 'title' => 'Deserted Bhaktapur Gradually Receiving Tourists ', 'sub_title' => '', 'summary' => 'November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the COVID-19 pandemic is winding down and the vaccination drive has been stepped up, as well as the ease in international travel restrictions, more and more people have started travelling. Travel and tourism is gradually reviving. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhaktapur Municipality used to welcome around 3,000 foreign tourists on a daily basis prior to the onset of COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the COVID-19 crisis, the tourist sites in Bhaktapur did not see a single footfall of the foreign tourists. Lately, 60 to 90 foreign tourists visit Bhaktapur, according to Bhaktapur Municipality's chief of information centre, Gautam Lasiba. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Health safety protocols have been put in place against COVID-19 for safe tourism. The Municipality had collected around Rs 260 million as revenue from tourists in 2019/20 BS, said Lasiba, adding that only Rs 2.9 million was collected in the last fiscal year 2020/21. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In August, 228 tourists visited Bhaktapur, 380 in September, 964 in October and 1,923 as of November 12 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local government has been stepping up reconstruction of the quake-damaged historical monuments for attracting tourists in the medieval town. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14036', 'image' => '20211114083017_moments_1033465320019498.jpg', 'article_date' => '2021-11-14 08:29:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14291', 'article_category_id' => '1', 'title' => 'Another Five-Star Chain Hotel Set to Start its Operation in KTM from Nov 15', 'sub_title' => '', 'summary' => 'November 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15.', '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 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15. Hyatt Place Kathmandu, located in Soltimode, Kathmandu, has been set up with the investment of Golyan Group, which has been diversifying its 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:"Times New Roman","serif"">The five-star hotel was officially inaugurated on Saturday. The hotel was built with an investment of Rs 5 billion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Pawan Golyan, chairman of the group, said that the hotel has started its operation as the Covid-19 cases have been declining and tourists are also visiting Nepal. The government opened Nepal for tourists some time ago, and many tourists visited Nepal in October. The international chain brand hotel has come into operation at a time when businessmen are expect Nepal's tourism sector to wait till 2025 AD to reach the pre-Covid-19 state.</span></span></span></span></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"">"We have been delaying the operation of the hotel for two years. It has been almost six years since the construction of the hotel started. The construction has been delayed for two years due to coronavirus," Golyan 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"">Even though it is a chain brand, and is targeted for foreign tourists, we will give equal priority to the locals, 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"">Although in the initial phase the cost of the hotel project was estimated to be Rs 4 billion, the cost increased due to the delay of two years, said Golyan. The hotel, which will be open from Monday, will be of five-star standard, and the hotel has applied with the Department of Tourism to receive the star sign. The 14-story hotel has 153 rooms, a restaurant, banquet, spa, fitness center, swimming pool, and meeting hall.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14035', 'image' => '20211114110415_305794157.jpg', 'article_date' => '2021-11-14 11:03:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14289', 'article_category_id' => '1', 'title' => 'Private Sector Seeking Approval For Power Trade ', 'sub_title' => '', 'summary' => 'November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stakeholders representing the private sector have long been demanding approval for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the NEA has been officially exporting 39-MW electricity to India since November 3. Stating that the power trade deal has opened up new avenues, the private sector demanded the government to provide opportunity and permission to the energy producers to enter the fray. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Five different companies had submitted applications to the Ministry of Energy, Water Resource and Irrigation demanding license for power trade. In response, the ministry said approval to that end would be granted once the legal arrangement was in place. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Efforts are being made to address the issue in the new Electricity Act. The issues ranging from energy sale to export have been included in the Electricity Bill tabled at the National Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector companies have not obtained approval in absence of legal arrangement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized by the Independent Power Producers Association of Nepal (IPPAN), an association of energy producers representing the private sector of Nepal, Minister for Energy Pampha Bhusal said the government would grant approval to the private sector if they presented fact-based premises for energy trading. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She asked all stakeholders to come up with convincing facts regarding power trade. “Only arguments and debates do not work, come up with confidence that they can trade the power produced in the country,” said Minister Bhusal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14034', 'image' => '20211114082309_20211103081705_20211028080851_financial-viability-electricity.jpg', 'article_date' => '2021-11-14 08:22:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14288', 'article_category_id' => '1', 'title' => 'Advertisement Board Concerned about Promotion of Banned Advertisement during Festive Season', 'sub_title' => '', 'summary' => 'November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the implementation of the provisions that ban the advertisements of alcoholic and tobacco products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco-products during the festival season and the same practice was noticed in hoarding boards placed at different parts of the country, the board has said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the immediate removal of hoarding boards promoting alcoholic drinks and tobacco products. “The move is punishable by the law,” the board warned in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Health Act has banned the production, distribution, dissemination and transmission of advertising materials that adversely affect human health, including that of alcohol, cigarette, tobacco or tobacco-based substances, and the Adverting Regulation Act supports the same idea, reminded the board. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14033', 'image' => '20211114081414_advertising-board-of-nepal.jpg', 'article_date' => '2021-11-14 08:13:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14287', 'article_category_id' => '1', 'title' => 'Finance Minister Discusses Problems Faced by Banks ', 'sub_title' => '', 'summary' => 'November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting held at the Finance Ministry was attended by the Governor of Nepal Rastra Bank (NRB), CEOs and representatives of commercial banks, according to a press statement issued by the ministry. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Sharma reportedly said that there isn’t any specific reason for the current liquidity crisis and there is no need to panic about it. Minister Sharma expressed his view that a short-term resolution to the current liquidity crunch could be to increase government spending. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank has time and again issued repo worth millions of rupees in a bid to maintain the liquidity. He added that the liquidity crisis can be resolved only by investing in productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma also urged the banks to consider the lands of rural areas as collateral for providing loans.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the banks have been providing loans only to the land owners whose lands have access to motorable roads, Minister Sharma said that those who do not have such access have been deprived of such facilities. If the banks cannot provide loans, it is meaningless to have banks, opined the minister.</span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini urged the banks to stop providing loans to unproductive sectors. This, according to Marasini, would reduce liquidity crunch. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Chairman of Nepal Bankers’ Association Anil Upadhyay suggested that the liquidity crisis could be resolved by increasing the government’s capital expenditure.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CEO Of Nabil Bank Anil Shah said that the import of unnecessary items and goods should be stopped in order to increase the country’s foreign exchange reserve. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14032', 'image' => '20211112095553_IMG_7785.jpg', 'article_date' => '2021-11-12 21:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14286', 'article_category_id' => '1', 'title' => 'Wholesale Price of Oranges up by 53 Percent Compared to Last Year', 'sub_title' => '', 'summary' => 'November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year. This is evident through comparative analysis of the price list prepared by the Kalimati Fruits and Vegetables Market one year ago and the current price. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It has been said that the oranges produced within the country are not yet available in the market while the price of those imported from India is high due to the festive season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the price list of the Kalimati Fruits and Vegetables Market, the price of Indian oranges which was Rs 75 per kg a year ago has increased by 53 percent to Rs 115 per kg.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the price of domestic oranges of Nepal has also increased by 50 percent from Rs 60 to Rs 90 during the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Binay Shrestha, information officer of Kalimati Fruits and Vegetables Market Development Committee, the price of Indian oranges has increased due to the recent festivals. He added that the oranges produced in the country have just started to appear in the market. Therefore, it will take some time for the prices to come down. He added that the price of oranges will drop when plenty of oranges produced in the domestic market will be available by mid-December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Nepal Citrus Development Programme, the country produces 177,000 metric tons of oranges, 39,580 metric tons of lemon and 43,000 metric tons of sweet oranges annually. Although citrus fruits are cultivated in 65 out of 77 districts of Nepal, such fruits are produced commercially in 44 districts.</span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14031', 'image' => '20211112010154_20190605051816_20190220125347_aaa.jpg', 'article_date' => '2021-11-12 13:01:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14285', 'article_category_id' => '1', 'title' => 'Leather Stuck in Birgunj Customs ‘Illegal’: Stakeholders ', 'sub_title' => '', 'summary' => 'November 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. ', '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 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. One container of leather, which had passed the customs clearance and was being prepared for customs transit declaration (CTD), has been stopped.</span></span></span></span></p> <p><span 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 customs officials stopped the container belonging to Annapurna Leather Tanning Industries backed by Chinese investment in the Bara-Parsa Industrial Corridor after a dispute arose over the difference in HS code and the product. The customs had written to the railway service provider not to load the leather following the dispute.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">One container of leather prepared for loading on the train was stopped by the customs after local stakeholders raised the issue of exporting banned leather. The leather was shown to the officials of the Nepal Leather Tanners Association by unloading the skin again after the customs had already prepared the CTD and put it in the container.</span></span></span></span></p> <p><span 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 customs had issued CTD by placing a seal of OOL EVJ 7786 in a 40-foot container loaded with leather (OOCU 8546302). Customs Chief Lal Bahadur Khatri said that the investigation was initiated after the stakeholders raised the issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Khatri said that leather samples were shown by calling the leather manufacturers. He said the leather was different from the HS code mentioned in the declaration and could not be exported.</span></span></span></span></p> <p><span 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 customs officials called the vice president of the association Javed Nabi Iraqi, general secretary Mohammad Junaid Iftekhar, treasurer Manoj Chachan, representative of Everest Leather Binod Chaudhary, and other industrialists at the customs and showed them the skin samples. The industrialists had suggested testing the skin samples saying that the skin checked by the customs did not match with the HS code.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the export of such skins. According to the head of the customs, Khatri, they had only inspected the documents because export of leather falls under the green category.</span></span></span></span></p> <p><span 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 customs officials claim that the leather code and product being exported were different. The leather was being sent to Indonesia by providing wrong details.</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:"Arial","sans-serif"">The product was labeled HS code 4101900000 referring it to be ‘Split Buffalo Leather’. However, the code is used for exporting raw, salted, dried, lime-cleaned leather which is banned by the government. </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:"Arial","sans-serif"">It has been revealed that the industry had exported such leather earlier as well by submitting false details.</span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Read related news from the link below:</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">https://www.newbusinessage.com/Articles/view/14236</span></span></strong></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14030', 'image' => '20211112124305_1636683082.4.jpg', 'article_date' => '2021-11-12 12:42:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14284', 'article_category_id' => '1', 'title' => 'Chinese Company Completes Only 10% Works of Butwal-Naryangadh Road Expansion Project', 'sub_title' => '', 'summary' => 'November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. It has sought for extension of deadline as only nine months remains for the completion of the project.</span></span></span></span></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 Department of Roads had reached an understanding with the Chinese company to expand the road within three and a half years. Around three years have elapsed but the work of Narayangarh-Butwal road expansion project is moving at a snail's pace. Only ten percent of the project's work has been completed.</span></span></span></span></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"">A Korean consulting company is currently evaluating its deadline extension application. The consultant will extend the proposed deadline by two years only after conducting necessary evaluation. If the deadline is extended, the cost of the project is also expected to rise.</span></span></span></span></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 project with the total estimated cost of Rs 16 billion is being expanded in two sections- east and west sections. Pradipraj Shakya, project head of the west section, said cutting down trees on project site consumed time and the COVID-19 pandemic further delayed the expansion project.</span></span></span></span></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"">"After the contract was signed, it took almost a year to get permission to cut down the trees and remove the electricity poles from the road side. Soon after outbreak of the COVID-19 pandemic, prohibitory orders enforced to contain the pandemic restricted the movement of Chinese workers which impacted the construction. However, expansion has moved ahead after the Dashain festival," he said. The government has put forward plans to widen the east-west highway to four lanes and roads connecting bigger cities to six lanes. </span></span></span></span></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 project is running with concessional loan provided by the Asian Development Bank (ADB). However, Shakya said that some municipalities have started pressuring for the construction of six lane roads in small areas as well. If this issue is addressed the total cost of the project will definitely increase.</span></span></span></span></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"">Out of the total estimated cost, only four percent has been spent so far. He claimed that such expenditure would reach 35 percent by the end of the current fiscal year. The government aims to upgrade the East-West Highway into four lanes within five years. The East-West Highway, built in 1960, sees heavy vehicular movement everyday. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14029', 'image' => '20211112121948_1636683014.Clipboard05.jpg', 'article_date' => '2021-11-12 12:19:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14283', 'article_category_id' => '1', 'title' => 'Government Seeks Applications to Provide Relief to Poor Families', 'sub_title' => '', 'summary' => 'November 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of 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 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of Covid-19 pandemic. It may be noted that the government had announced relief for 500,000 households that have been identified as poor families. </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 government had announced a relief of Rs 10,000 to each of the poor families that lost their source of income due to the pandemic.</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 Ministry of Finance has requested the eligible families to submit applications in the prescribed format.</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"">Workers and laborers of the informal sector, street vendors, rickshaw pullers, daily-wage laborers, workers in public transportation, tourist porters who have now completely lost their job and have not been able to get any other employment, and those families who are facing financial crisis due to the death of the family’s bread winner as well as the families looking after orphan children can apply for the relief package.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In order to receive the relief amount, the ministry has issued a notice stating that the application to the ward office within 15 days.</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 notice has also categorized the families that are ineligible for the cash relief provided by the government. According to the notice, the applicant will not get any relief if any member of the applicant family is earning through permanent, temporary or contract employment in government, private or any other organization or foreign employment, at the time of filing the application.</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"">Similarly, if any member of the family is receiving social security allowance (senior citizen allowance, single woman allowance, Dalit or disabled allowance) from the Government of Nepal or pension from the Government of Nepal or from a fully or partially owned entity of the Government of Nepal or has been receiving a pension from a foreign government, such families will also not receive the grant amount.</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"">Even those families who have been able to meet immediate expenditure needs from accumulated income or ancestral property, or have received cash once as relief for this purpose under the Prime Minister's Employment Program or Government of Nepal, State Government or local level programme will not get this facility. </span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14028', 'image' => '20211112113045_new_logo.jpg', 'article_date' => '2021-11-12 11:29:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14282', 'article_category_id' => '1', 'title' => 'Int'l flight to Europe, Australia, Asian cities with NAC Ticket ', 'sub_title' => '', 'summary' => 'November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC made this arrangement after reaching bilateral agreements with international airline companies. As per agreements, various cities of Europe, Sydney of Australia, Seoul of South Korea, as well as Kuwait and Bahrain can be reached by purchasing an NAC ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Karishma Shrestha shared that the scheme would ease the flight service. It also helps cut the transit time, she added. Nepal Airlines is expecting to earn credit in the international market with this new ticketing scheme. The ticket can be bought from the central office of the NAC or via the travel agencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Shrestha further mentioned that NAC was coordinating with various airlines companies of the Unites States for similar arrangement in US cities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the European Commission has banned Nepali airline companies from flying in the skies of the 27-nation bloc due to poor safety standards of the Nepali companies, including the state-owned NAC. <em>(With inputs from RSS)</em> </span></span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14027', 'image' => '20211112081930_20210709080354_20180727021334_2.jpg', 'article_date' => '2021-11-12 08:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14280', 'article_category_id' => '1', 'title' => 'Student Unions Demand Immediate Withdrawal of Price Hike', 'sub_title' => '', 'summary' => 'November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the decision of NOC to hike the prices has affected the common people who have lost their jobs due to the coronavirus pandemic, the student leaders said they will not accept the decision at any cost.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at an interaction organized by the Society of Economic Journalists of Nepal on Thursday, the student leaders said they will prevent the employees of NOC from entering their office on November 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Chief Executive of NOC Surendra Prasad Poudel clarified that the state-owned oil monopoly decided to hike the price in accordance with the price hike in the international market. He said that the NOC is facing an annual loss of Rs 5.2 billion. According to Poudel, it is not their wish to hike the price but a compulsion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, the student leaders argued that the NOC has always making a lame excuse of loss to justify its decision to increase the price.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Nepal Students Union (NSU), a </span><span style="font-family:"Arial Unicode MS","sans-serif"">sister organization of the ruling Nepali Congress, has also demanded immediate withdrawal of the recent price hike of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a statement on Thursday, NSU President Rajiv Dhungana demanded withdrawal of the price hike, stating that the rise in the price of fuel twice in a span of 15 days had hit the people hard.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14026', 'image' => '20211112081006_20210119120932_20200401103058_petrol-2-1539134824.jpg', 'article_date' => '2021-11-12 08:09:16', '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' => '14295', 'article_category_id' => '1', 'title' => 'Central Bank Issues New Directive on Interest Rate ', 'sub_title' => '', 'summary' => 'November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </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"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</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"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14041', 'image' => '20211115082634_20201228012934_20201106055408_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2021-11-15 08:25:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14296', 'article_category_id' => '1', 'title' => '11 Injured in Tukuche Avalanche ', 'sub_title' => ' Human Casualty Averted due to Gorge ', 'summary' => 'November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. Most of them were students and teachers injured in stampede. </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 catastrophe, if it was not staved off by a gorge lying in between the peak and human settlement, would have killed many people of around 100 households, said ward chair of Thasang Rural Municipality-2 Nar Prasad Hirachan, who is also an eyewitness to the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hirachan told the state-owned national news agency RSS that the avalanche occurred at around 11:40 am. Also known as Manapathi Mountain by the locals, Tukuche Peak continued to see avalanche till evening worrying the locals. </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""><img alt="" src="/app/webroot/userfiles/images/dddd%282%29.jpg" style="height:398px; width:600px" /> </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:11px"><em><span style="font-family:"Arial Unicode MS","sans-serif"">Photo Courtesy: Sabin Thakuri</span></em></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"">Crops in the field, cattle's shed and crops kept for drying in open spaces were damaged by the avalanche. Yaks were also killed in the avalanche. Some locals shielded themselves in huge rock while some others saved themselves from the disaster hiding in corners, said Lal Bahadur Gurung, a local. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Over 160 students, teachers and staffers of the Jana Adarsha Amar Singh Secondary School in the lower part of the human settlement were protected themselves by hiding inside the school, said school principal Khem Gurung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Gurung, among the injured, some were school teachers and students. Five of them were critically injured while two were referred for further treatment. </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""><img alt="" src="/app/webroot/userfiles/images/Avalanche%20%284%29%281%29.jpg" style="height:328px; width:245px" /> </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are two rivers in the gorge-Bokshi and Lancue. The snow fallen during the avalanche fell into the two rivers, thereby reducing the scale of damage in the human settlement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ward chair Hirachan added, "If the avalanche had fallen into only one out of two rivers, it would have spelled disaster to the human settlement. Both the rivers have murky water flowing since the avalanche." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Human settlements of Naurikot, Lajing, Gobang and Bokshikhola would have been hit hard had there been no gorge, said Hirachan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Climate change expert Dr Ngamindra Dahal said the incident is one of the series of unexpected climate event in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Currently, it is generally the time when snow gets frozen, so such avalanche at present is the direct impact of climate change," he argued. He urged all to be aware of such erratic events. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14040', 'image' => '20211115083624_Avalanche (2).jpg', 'article_date' => '2021-11-15 08:35:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14294', 'article_category_id' => '1', 'title' => 'Farmers Likely to Face Fertilizer Shortage during Wheat-Sowing Season ', 'sub_title' => '', 'summary' => 'November 14: The government is running out of fertilizer stock right during the wheat-sowing season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 14: The government is running out of fertilizer stock right during the wheat-sowing season. Two of the government companies -- Salt Trading Corporation and Agricultural Inputs Company Limited -- which have been selling the fertilizers to the farmers at subsidized rates are running low stock. It is estimated that about 123,000 metric tons of fertilizers are required in this winter season for sowing wheat and for the plantation of vegetables.</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 Salt Trading Corporation’s stock of fertilizers is zero, whereas the stock of Agricultural Inputs Company Limited is just 15,500 metric tons. Farmers require DAP fertilizer to sow wheat. The company has a stock of just 300 metric tons of DAP and the stock of urea is 15,000 metric tons.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Spokesperson of Salt Trading Corporation, Kumar Raj Bhandari downplayed the saying that although the companies do not have much fertilizers in stock, attempts are being made to bring in more fertilizers to avoid the shortage of fertilizers. He also added that 25,000 metric tons of DAP and urea each are being imported and are on the way already.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Meanwhile, the farmers have already become the victims of fertilizer shortage. While it is already the time to reap paddy and sow wheat, an additional problem of fertilizer shortage has burdened the 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">Sowing of wheat has already begun in the Terai region of Nepal. Bhuwaneshwor Yadav, a farmer from Sunsari, shared that the farmers are worried if they will have to sow the wheat without fertilizers just like how they sowed mustard. He also shared that the farmers were compelled to return empty handed from the depots of Salt Trading Corporation and the Agricultural Inputs Company.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Earlier, the farmers also had to face shortage of fertilizers during the rainy season. They are worried that the same problem would repeat again in the winter season. The outgoing chairman of the National Farmers Commission, Chitra Bahadur Shrestha said that the farmers are still in despair after the paddy crop was damaged greatly by the unseasonal rains. It would be unfortunate if they have to face shortage of fertilizer as well.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to Shrestha, the farmers have lost hope in the government. The reason being, no matter how hard the government tries, it has never been able to get rid of the shortage of fertilizer when it is needed the most. “If chemical fertilizers are not used in the soil continuously, it might even affect the production of crops,” said Shrestha.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14039', 'image' => '20211114030600_images.jpeg-8.jpg', 'article_date' => '2021-11-14 15:04:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14292', 'article_category_id' => '1', 'title' => 'NEA Selling Electricity for as much as Rs 32 Per Unit in the Indian Market', 'sub_title' => '', 'summary' => 'November 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.', '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 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Bahadur Bhattarai, spokesperson of NEA, said that it sold electricity at Rs 32 per unit in the Indian market in between 6:30 pm to 6:45 pm on Thursday, November 11. "However, not all units of electricity is sold at Rs 32 per unit. It is being sold at different rates according to the demand of the open market," 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"">With the permission of the Government of India, NEA has been selling electricity in the Indian power exchange market at competitive rates since last November 3. Generally, NEA sells electricity at an average rate of IRs 3/4 per unit daily. However at the peak hour, the price of electricity goes up due to the rising energy crisis in India.</span></span></span></span></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"">NEA has been selling 39 MW of electricity generated from its own 24 MW Trishuli Hydropower Project and 15 MW Devighat Hydropower Project in the Indian energy exchange market since November 3. </span></span></span></span></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"">NEA sells electricity through 96 auctions which last every 15 minutes. Accordingly, the rate of electricity changes every fifteen minutes in the electricity exchange market. So, Nepali electricity was sold at Rs 32 per unit from 6:30 pm to 6:45 pm on Thursday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">NEA said that the rate of electricity changes or remains constant in every bid. It is traded even at the price of IRs 1.99. Kulman Ghising, managing director of NEA, said it is a great thing that electricity was sold at Rs 32 per unit. The power rate is unpredictable in the exchange market. According to the demand of the market, the buying and selling rate of electricity is determined by the system every 15 minutes. But, on a daily basis, our electricity is being sold at IRs 3/4," 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 Indian government had granted permission to the NEA to sell electricity in its exchange market on November 3. However, it had allowed Nepal to buy electricity from the exchange market last April. </span></span></span></span></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"">NEA had sent an application to the Ministry of Energy to become a member of the Indian power Exchange Market. The Ministry approved the application and made Nepal a member of its electricity exchange market. Nepal is the first country in South Asia to get permission to buy and sell electricity in the Indian market.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14037', 'image' => '20211114022109_Transmission.jpg', 'article_date' => '2021-11-14 14:20:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14290', 'article_category_id' => '1', 'title' => 'Deserted Bhaktapur Gradually Receiving Tourists ', 'sub_title' => '', 'summary' => 'November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the COVID-19 pandemic is winding down and the vaccination drive has been stepped up, as well as the ease in international travel restrictions, more and more people have started travelling. Travel and tourism is gradually reviving. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhaktapur Municipality used to welcome around 3,000 foreign tourists on a daily basis prior to the onset of COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the COVID-19 crisis, the tourist sites in Bhaktapur did not see a single footfall of the foreign tourists. Lately, 60 to 90 foreign tourists visit Bhaktapur, according to Bhaktapur Municipality's chief of information centre, Gautam Lasiba. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Health safety protocols have been put in place against COVID-19 for safe tourism. The Municipality had collected around Rs 260 million as revenue from tourists in 2019/20 BS, said Lasiba, adding that only Rs 2.9 million was collected in the last fiscal year 2020/21. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In August, 228 tourists visited Bhaktapur, 380 in September, 964 in October and 1,923 as of November 12 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local government has been stepping up reconstruction of the quake-damaged historical monuments for attracting tourists in the medieval town. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14036', 'image' => '20211114083017_moments_1033465320019498.jpg', 'article_date' => '2021-11-14 08:29:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14291', 'article_category_id' => '1', 'title' => 'Another Five-Star Chain Hotel Set to Start its Operation in KTM from Nov 15', 'sub_title' => '', 'summary' => 'November 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15.', '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 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15. Hyatt Place Kathmandu, located in Soltimode, Kathmandu, has been set up with the investment of Golyan Group, which has been diversifying its 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:"Times New Roman","serif"">The five-star hotel was officially inaugurated on Saturday. The hotel was built with an investment of Rs 5 billion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Pawan Golyan, chairman of the group, said that the hotel has started its operation as the Covid-19 cases have been declining and tourists are also visiting Nepal. The government opened Nepal for tourists some time ago, and many tourists visited Nepal in October. The international chain brand hotel has come into operation at a time when businessmen are expect Nepal's tourism sector to wait till 2025 AD to reach the pre-Covid-19 state.</span></span></span></span></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"">"We have been delaying the operation of the hotel for two years. It has been almost six years since the construction of the hotel started. The construction has been delayed for two years due to coronavirus," Golyan 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"">Even though it is a chain brand, and is targeted for foreign tourists, we will give equal priority to the locals, 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"">Although in the initial phase the cost of the hotel project was estimated to be Rs 4 billion, the cost increased due to the delay of two years, said Golyan. The hotel, which will be open from Monday, will be of five-star standard, and the hotel has applied with the Department of Tourism to receive the star sign. The 14-story hotel has 153 rooms, a restaurant, banquet, spa, fitness center, swimming pool, and meeting hall.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14035', 'image' => '20211114110415_305794157.jpg', 'article_date' => '2021-11-14 11:03:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14289', 'article_category_id' => '1', 'title' => 'Private Sector Seeking Approval For Power Trade ', 'sub_title' => '', 'summary' => 'November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stakeholders representing the private sector have long been demanding approval for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the NEA has been officially exporting 39-MW electricity to India since November 3. Stating that the power trade deal has opened up new avenues, the private sector demanded the government to provide opportunity and permission to the energy producers to enter the fray. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Five different companies had submitted applications to the Ministry of Energy, Water Resource and Irrigation demanding license for power trade. In response, the ministry said approval to that end would be granted once the legal arrangement was in place. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Efforts are being made to address the issue in the new Electricity Act. The issues ranging from energy sale to export have been included in the Electricity Bill tabled at the National Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector companies have not obtained approval in absence of legal arrangement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized by the Independent Power Producers Association of Nepal (IPPAN), an association of energy producers representing the private sector of Nepal, Minister for Energy Pampha Bhusal said the government would grant approval to the private sector if they presented fact-based premises for energy trading. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She asked all stakeholders to come up with convincing facts regarding power trade. “Only arguments and debates do not work, come up with confidence that they can trade the power produced in the country,” said Minister Bhusal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14034', 'image' => '20211114082309_20211103081705_20211028080851_financial-viability-electricity.jpg', 'article_date' => '2021-11-14 08:22:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14288', 'article_category_id' => '1', 'title' => 'Advertisement Board Concerned about Promotion of Banned Advertisement during Festive Season', 'sub_title' => '', 'summary' => 'November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the implementation of the provisions that ban the advertisements of alcoholic and tobacco products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco-products during the festival season and the same practice was noticed in hoarding boards placed at different parts of the country, the board has said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the immediate removal of hoarding boards promoting alcoholic drinks and tobacco products. “The move is punishable by the law,” the board warned in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Health Act has banned the production, distribution, dissemination and transmission of advertising materials that adversely affect human health, including that of alcohol, cigarette, tobacco or tobacco-based substances, and the Adverting Regulation Act supports the same idea, reminded the board. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14033', 'image' => '20211114081414_advertising-board-of-nepal.jpg', 'article_date' => '2021-11-14 08:13:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14287', 'article_category_id' => '1', 'title' => 'Finance Minister Discusses Problems Faced by Banks ', 'sub_title' => '', 'summary' => 'November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting held at the Finance Ministry was attended by the Governor of Nepal Rastra Bank (NRB), CEOs and representatives of commercial banks, according to a press statement issued by the ministry. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Sharma reportedly said that there isn’t any specific reason for the current liquidity crisis and there is no need to panic about it. Minister Sharma expressed his view that a short-term resolution to the current liquidity crunch could be to increase government spending. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank has time and again issued repo worth millions of rupees in a bid to maintain the liquidity. He added that the liquidity crisis can be resolved only by investing in productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma also urged the banks to consider the lands of rural areas as collateral for providing loans.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the banks have been providing loans only to the land owners whose lands have access to motorable roads, Minister Sharma said that those who do not have such access have been deprived of such facilities. If the banks cannot provide loans, it is meaningless to have banks, opined the minister.</span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini urged the banks to stop providing loans to unproductive sectors. This, according to Marasini, would reduce liquidity crunch. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Chairman of Nepal Bankers’ Association Anil Upadhyay suggested that the liquidity crisis could be resolved by increasing the government’s capital expenditure.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CEO Of Nabil Bank Anil Shah said that the import of unnecessary items and goods should be stopped in order to increase the country’s foreign exchange reserve. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14032', 'image' => '20211112095553_IMG_7785.jpg', 'article_date' => '2021-11-12 21:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14286', 'article_category_id' => '1', 'title' => 'Wholesale Price of Oranges up by 53 Percent Compared to Last Year', 'sub_title' => '', 'summary' => 'November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year. This is evident through comparative analysis of the price list prepared by the Kalimati Fruits and Vegetables Market one year ago and the current price. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It has been said that the oranges produced within the country are not yet available in the market while the price of those imported from India is high due to the festive season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the price list of the Kalimati Fruits and Vegetables Market, the price of Indian oranges which was Rs 75 per kg a year ago has increased by 53 percent to Rs 115 per kg.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the price of domestic oranges of Nepal has also increased by 50 percent from Rs 60 to Rs 90 during the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Binay Shrestha, information officer of Kalimati Fruits and Vegetables Market Development Committee, the price of Indian oranges has increased due to the recent festivals. He added that the oranges produced in the country have just started to appear in the market. Therefore, it will take some time for the prices to come down. He added that the price of oranges will drop when plenty of oranges produced in the domestic market will be available by mid-December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Nepal Citrus Development Programme, the country produces 177,000 metric tons of oranges, 39,580 metric tons of lemon and 43,000 metric tons of sweet oranges annually. Although citrus fruits are cultivated in 65 out of 77 districts of Nepal, such fruits are produced commercially in 44 districts.</span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14031', 'image' => '20211112010154_20190605051816_20190220125347_aaa.jpg', 'article_date' => '2021-11-12 13:01:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14285', 'article_category_id' => '1', 'title' => 'Leather Stuck in Birgunj Customs ‘Illegal’: Stakeholders ', 'sub_title' => '', 'summary' => 'November 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. ', '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 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. One container of leather, which had passed the customs clearance and was being prepared for customs transit declaration (CTD), has been stopped.</span></span></span></span></p> <p><span 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 customs officials stopped the container belonging to Annapurna Leather Tanning Industries backed by Chinese investment in the Bara-Parsa Industrial Corridor after a dispute arose over the difference in HS code and the product. The customs had written to the railway service provider not to load the leather following the dispute.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">One container of leather prepared for loading on the train was stopped by the customs after local stakeholders raised the issue of exporting banned leather. The leather was shown to the officials of the Nepal Leather Tanners Association by unloading the skin again after the customs had already prepared the CTD and put it in the container.</span></span></span></span></p> <p><span 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 customs had issued CTD by placing a seal of OOL EVJ 7786 in a 40-foot container loaded with leather (OOCU 8546302). Customs Chief Lal Bahadur Khatri said that the investigation was initiated after the stakeholders raised the issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Khatri said that leather samples were shown by calling the leather manufacturers. He said the leather was different from the HS code mentioned in the declaration and could not be exported.</span></span></span></span></p> <p><span 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 customs officials called the vice president of the association Javed Nabi Iraqi, general secretary Mohammad Junaid Iftekhar, treasurer Manoj Chachan, representative of Everest Leather Binod Chaudhary, and other industrialists at the customs and showed them the skin samples. The industrialists had suggested testing the skin samples saying that the skin checked by the customs did not match with the HS code.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the export of such skins. According to the head of the customs, Khatri, they had only inspected the documents because export of leather falls under the green category.</span></span></span></span></p> <p><span 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 customs officials claim that the leather code and product being exported were different. The leather was being sent to Indonesia by providing wrong details.</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:"Arial","sans-serif"">The product was labeled HS code 4101900000 referring it to be ‘Split Buffalo Leather’. However, the code is used for exporting raw, salted, dried, lime-cleaned leather which is banned by the government. </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:"Arial","sans-serif"">It has been revealed that the industry had exported such leather earlier as well by submitting false details.</span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Read related news from the link below:</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">https://www.newbusinessage.com/Articles/view/14236</span></span></strong></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14030', 'image' => '20211112124305_1636683082.4.jpg', 'article_date' => '2021-11-12 12:42:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14284', 'article_category_id' => '1', 'title' => 'Chinese Company Completes Only 10% Works of Butwal-Naryangadh Road Expansion Project', 'sub_title' => '', 'summary' => 'November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. It has sought for extension of deadline as only nine months remains for the completion of the project.</span></span></span></span></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 Department of Roads had reached an understanding with the Chinese company to expand the road within three and a half years. Around three years have elapsed but the work of Narayangarh-Butwal road expansion project is moving at a snail's pace. Only ten percent of the project's work has been completed.</span></span></span></span></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"">A Korean consulting company is currently evaluating its deadline extension application. The consultant will extend the proposed deadline by two years only after conducting necessary evaluation. If the deadline is extended, the cost of the project is also expected to rise.</span></span></span></span></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 project with the total estimated cost of Rs 16 billion is being expanded in two sections- east and west sections. Pradipraj Shakya, project head of the west section, said cutting down trees on project site consumed time and the COVID-19 pandemic further delayed the expansion project.</span></span></span></span></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"">"After the contract was signed, it took almost a year to get permission to cut down the trees and remove the electricity poles from the road side. Soon after outbreak of the COVID-19 pandemic, prohibitory orders enforced to contain the pandemic restricted the movement of Chinese workers which impacted the construction. However, expansion has moved ahead after the Dashain festival," he said. The government has put forward plans to widen the east-west highway to four lanes and roads connecting bigger cities to six lanes. </span></span></span></span></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 project is running with concessional loan provided by the Asian Development Bank (ADB). However, Shakya said that some municipalities have started pressuring for the construction of six lane roads in small areas as well. If this issue is addressed the total cost of the project will definitely increase.</span></span></span></span></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"">Out of the total estimated cost, only four percent has been spent so far. He claimed that such expenditure would reach 35 percent by the end of the current fiscal year. The government aims to upgrade the East-West Highway into four lanes within five years. The East-West Highway, built in 1960, sees heavy vehicular movement everyday. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14029', 'image' => '20211112121948_1636683014.Clipboard05.jpg', 'article_date' => '2021-11-12 12:19:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14283', 'article_category_id' => '1', 'title' => 'Government Seeks Applications to Provide Relief to Poor Families', 'sub_title' => '', 'summary' => 'November 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of 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 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of Covid-19 pandemic. It may be noted that the government had announced relief for 500,000 households that have been identified as poor families. </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 government had announced a relief of Rs 10,000 to each of the poor families that lost their source of income due to the pandemic.</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 Ministry of Finance has requested the eligible families to submit applications in the prescribed format.</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"">Workers and laborers of the informal sector, street vendors, rickshaw pullers, daily-wage laborers, workers in public transportation, tourist porters who have now completely lost their job and have not been able to get any other employment, and those families who are facing financial crisis due to the death of the family’s bread winner as well as the families looking after orphan children can apply for the relief package.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In order to receive the relief amount, the ministry has issued a notice stating that the application to the ward office within 15 days.</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 notice has also categorized the families that are ineligible for the cash relief provided by the government. According to the notice, the applicant will not get any relief if any member of the applicant family is earning through permanent, temporary or contract employment in government, private or any other organization or foreign employment, at the time of filing the application.</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"">Similarly, if any member of the family is receiving social security allowance (senior citizen allowance, single woman allowance, Dalit or disabled allowance) from the Government of Nepal or pension from the Government of Nepal or from a fully or partially owned entity of the Government of Nepal or has been receiving a pension from a foreign government, such families will also not receive the grant amount.</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"">Even those families who have been able to meet immediate expenditure needs from accumulated income or ancestral property, or have received cash once as relief for this purpose under the Prime Minister's Employment Program or Government of Nepal, State Government or local level programme will not get this facility. </span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14028', 'image' => '20211112113045_new_logo.jpg', 'article_date' => '2021-11-12 11:29:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14282', 'article_category_id' => '1', 'title' => 'Int'l flight to Europe, Australia, Asian cities with NAC Ticket ', 'sub_title' => '', 'summary' => 'November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC made this arrangement after reaching bilateral agreements with international airline companies. As per agreements, various cities of Europe, Sydney of Australia, Seoul of South Korea, as well as Kuwait and Bahrain can be reached by purchasing an NAC ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Karishma Shrestha shared that the scheme would ease the flight service. It also helps cut the transit time, she added. Nepal Airlines is expecting to earn credit in the international market with this new ticketing scheme. The ticket can be bought from the central office of the NAC or via the travel agencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Shrestha further mentioned that NAC was coordinating with various airlines companies of the Unites States for similar arrangement in US cities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the European Commission has banned Nepali airline companies from flying in the skies of the 27-nation bloc due to poor safety standards of the Nepali companies, including the state-owned NAC. <em>(With inputs from RSS)</em> </span></span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14027', 'image' => '20211112081930_20210709080354_20180727021334_2.jpg', 'article_date' => '2021-11-12 08:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14280', 'article_category_id' => '1', 'title' => 'Student Unions Demand Immediate Withdrawal of Price Hike', 'sub_title' => '', 'summary' => 'November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the decision of NOC to hike the prices has affected the common people who have lost their jobs due to the coronavirus pandemic, the student leaders said they will not accept the decision at any cost.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at an interaction organized by the Society of Economic Journalists of Nepal on Thursday, the student leaders said they will prevent the employees of NOC from entering their office on November 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Chief Executive of NOC Surendra Prasad Poudel clarified that the state-owned oil monopoly decided to hike the price in accordance with the price hike in the international market. He said that the NOC is facing an annual loss of Rs 5.2 billion. According to Poudel, it is not their wish to hike the price but a compulsion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, the student leaders argued that the NOC has always making a lame excuse of loss to justify its decision to increase the price.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Nepal Students Union (NSU), a </span><span style="font-family:"Arial Unicode MS","sans-serif"">sister organization of the ruling Nepali Congress, has also demanded immediate withdrawal of the recent price hike of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a statement on Thursday, NSU President Rajiv Dhungana demanded withdrawal of the price hike, stating that the rise in the price of fuel twice in a span of 15 days had hit the people hard.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14026', 'image' => '20211112081006_20210119120932_20200401103058_petrol-2-1539134824.jpg', 'article_date' => '2021-11-12 08:09:16', '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' => '14295', 'article_category_id' => '1', 'title' => 'Central Bank Issues New Directive on Interest Rate ', 'sub_title' => '', 'summary' => 'November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </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"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</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"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14041', 'image' => '20211115082634_20201228012934_20201106055408_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2021-11-15 08:25:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14296', 'article_category_id' => '1', 'title' => '11 Injured in Tukuche Avalanche ', 'sub_title' => ' Human Casualty Averted due to Gorge ', 'summary' => 'November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. Most of them were students and teachers injured in stampede. </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 catastrophe, if it was not staved off by a gorge lying in between the peak and human settlement, would have killed many people of around 100 households, said ward chair of Thasang Rural Municipality-2 Nar Prasad Hirachan, who is also an eyewitness to the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hirachan told the state-owned national news agency RSS that the avalanche occurred at around 11:40 am. Also known as Manapathi Mountain by the locals, Tukuche Peak continued to see avalanche till evening worrying the locals. </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""><img alt="" src="/app/webroot/userfiles/images/dddd%282%29.jpg" style="height:398px; width:600px" /> </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:11px"><em><span style="font-family:"Arial Unicode MS","sans-serif"">Photo Courtesy: Sabin Thakuri</span></em></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"">Crops in the field, cattle's shed and crops kept for drying in open spaces were damaged by the avalanche. Yaks were also killed in the avalanche. Some locals shielded themselves in huge rock while some others saved themselves from the disaster hiding in corners, said Lal Bahadur Gurung, a local. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Over 160 students, teachers and staffers of the Jana Adarsha Amar Singh Secondary School in the lower part of the human settlement were protected themselves by hiding inside the school, said school principal Khem Gurung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Gurung, among the injured, some were school teachers and students. Five of them were critically injured while two were referred for further treatment. </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""><img alt="" src="/app/webroot/userfiles/images/Avalanche%20%284%29%281%29.jpg" style="height:328px; width:245px" /> </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are two rivers in the gorge-Bokshi and Lancue. The snow fallen during the avalanche fell into the two rivers, thereby reducing the scale of damage in the human settlement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ward chair Hirachan added, "If the avalanche had fallen into only one out of two rivers, it would have spelled disaster to the human settlement. Both the rivers have murky water flowing since the avalanche." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Human settlements of Naurikot, Lajing, Gobang and Bokshikhola would have been hit hard had there been no gorge, said Hirachan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Climate change expert Dr Ngamindra Dahal said the incident is one of the series of unexpected climate event in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Currently, it is generally the time when snow gets frozen, so such avalanche at present is the direct impact of climate change," he argued. He urged all to be aware of such erratic events. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14040', 'image' => '20211115083624_Avalanche (2).jpg', 'article_date' => '2021-11-15 08:35:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14294', 'article_category_id' => '1', 'title' => 'Farmers Likely to Face Fertilizer Shortage during Wheat-Sowing Season ', 'sub_title' => '', 'summary' => 'November 14: The government is running out of fertilizer stock right during the wheat-sowing season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 14: The government is running out of fertilizer stock right during the wheat-sowing season. Two of the government companies -- Salt Trading Corporation and Agricultural Inputs Company Limited -- which have been selling the fertilizers to the farmers at subsidized rates are running low stock. It is estimated that about 123,000 metric tons of fertilizers are required in this winter season for sowing wheat and for the plantation of vegetables.</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 Salt Trading Corporation’s stock of fertilizers is zero, whereas the stock of Agricultural Inputs Company Limited is just 15,500 metric tons. Farmers require DAP fertilizer to sow wheat. The company has a stock of just 300 metric tons of DAP and the stock of urea is 15,000 metric tons.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Spokesperson of Salt Trading Corporation, Kumar Raj Bhandari downplayed the saying that although the companies do not have much fertilizers in stock, attempts are being made to bring in more fertilizers to avoid the shortage of fertilizers. He also added that 25,000 metric tons of DAP and urea each are being imported and are on the way already.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Meanwhile, the farmers have already become the victims of fertilizer shortage. While it is already the time to reap paddy and sow wheat, an additional problem of fertilizer shortage has burdened the 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">Sowing of wheat has already begun in the Terai region of Nepal. Bhuwaneshwor Yadav, a farmer from Sunsari, shared that the farmers are worried if they will have to sow the wheat without fertilizers just like how they sowed mustard. He also shared that the farmers were compelled to return empty handed from the depots of Salt Trading Corporation and the Agricultural Inputs Company.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Earlier, the farmers also had to face shortage of fertilizers during the rainy season. They are worried that the same problem would repeat again in the winter season. The outgoing chairman of the National Farmers Commission, Chitra Bahadur Shrestha said that the farmers are still in despair after the paddy crop was damaged greatly by the unseasonal rains. It would be unfortunate if they have to face shortage of fertilizer as well.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to Shrestha, the farmers have lost hope in the government. The reason being, no matter how hard the government tries, it has never been able to get rid of the shortage of fertilizer when it is needed the most. “If chemical fertilizers are not used in the soil continuously, it might even affect the production of crops,” said Shrestha.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14039', 'image' => '20211114030600_images.jpeg-8.jpg', 'article_date' => '2021-11-14 15:04:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14292', 'article_category_id' => '1', 'title' => 'NEA Selling Electricity for as much as Rs 32 Per Unit in the Indian Market', 'sub_title' => '', 'summary' => 'November 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.', '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 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Bahadur Bhattarai, spokesperson of NEA, said that it sold electricity at Rs 32 per unit in the Indian market in between 6:30 pm to 6:45 pm on Thursday, November 11. "However, not all units of electricity is sold at Rs 32 per unit. It is being sold at different rates according to the demand of the open market," 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"">With the permission of the Government of India, NEA has been selling electricity in the Indian power exchange market at competitive rates since last November 3. Generally, NEA sells electricity at an average rate of IRs 3/4 per unit daily. However at the peak hour, the price of electricity goes up due to the rising energy crisis in India.</span></span></span></span></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"">NEA has been selling 39 MW of electricity generated from its own 24 MW Trishuli Hydropower Project and 15 MW Devighat Hydropower Project in the Indian energy exchange market since November 3. </span></span></span></span></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"">NEA sells electricity through 96 auctions which last every 15 minutes. Accordingly, the rate of electricity changes every fifteen minutes in the electricity exchange market. So, Nepali electricity was sold at Rs 32 per unit from 6:30 pm to 6:45 pm on Thursday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">NEA said that the rate of electricity changes or remains constant in every bid. It is traded even at the price of IRs 1.99. Kulman Ghising, managing director of NEA, said it is a great thing that electricity was sold at Rs 32 per unit. The power rate is unpredictable in the exchange market. According to the demand of the market, the buying and selling rate of electricity is determined by the system every 15 minutes. But, on a daily basis, our electricity is being sold at IRs 3/4," 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 Indian government had granted permission to the NEA to sell electricity in its exchange market on November 3. However, it had allowed Nepal to buy electricity from the exchange market last April. </span></span></span></span></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"">NEA had sent an application to the Ministry of Energy to become a member of the Indian power Exchange Market. The Ministry approved the application and made Nepal a member of its electricity exchange market. Nepal is the first country in South Asia to get permission to buy and sell electricity in the Indian market.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14037', 'image' => '20211114022109_Transmission.jpg', 'article_date' => '2021-11-14 14:20:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14290', 'article_category_id' => '1', 'title' => 'Deserted Bhaktapur Gradually Receiving Tourists ', 'sub_title' => '', 'summary' => 'November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the COVID-19 pandemic is winding down and the vaccination drive has been stepped up, as well as the ease in international travel restrictions, more and more people have started travelling. Travel and tourism is gradually reviving. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhaktapur Municipality used to welcome around 3,000 foreign tourists on a daily basis prior to the onset of COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the COVID-19 crisis, the tourist sites in Bhaktapur did not see a single footfall of the foreign tourists. Lately, 60 to 90 foreign tourists visit Bhaktapur, according to Bhaktapur Municipality's chief of information centre, Gautam Lasiba. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Health safety protocols have been put in place against COVID-19 for safe tourism. The Municipality had collected around Rs 260 million as revenue from tourists in 2019/20 BS, said Lasiba, adding that only Rs 2.9 million was collected in the last fiscal year 2020/21. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In August, 228 tourists visited Bhaktapur, 380 in September, 964 in October and 1,923 as of November 12 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local government has been stepping up reconstruction of the quake-damaged historical monuments for attracting tourists in the medieval town. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14036', 'image' => '20211114083017_moments_1033465320019498.jpg', 'article_date' => '2021-11-14 08:29:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14291', 'article_category_id' => '1', 'title' => 'Another Five-Star Chain Hotel Set to Start its Operation in KTM from Nov 15', 'sub_title' => '', 'summary' => 'November 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15.', '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 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15. Hyatt Place Kathmandu, located in Soltimode, Kathmandu, has been set up with the investment of Golyan Group, which has been diversifying its 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:"Times New Roman","serif"">The five-star hotel was officially inaugurated on Saturday. The hotel was built with an investment of Rs 5 billion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Pawan Golyan, chairman of the group, said that the hotel has started its operation as the Covid-19 cases have been declining and tourists are also visiting Nepal. The government opened Nepal for tourists some time ago, and many tourists visited Nepal in October. The international chain brand hotel has come into operation at a time when businessmen are expect Nepal's tourism sector to wait till 2025 AD to reach the pre-Covid-19 state.</span></span></span></span></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"">"We have been delaying the operation of the hotel for two years. It has been almost six years since the construction of the hotel started. The construction has been delayed for two years due to coronavirus," Golyan 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"">Even though it is a chain brand, and is targeted for foreign tourists, we will give equal priority to the locals, 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"">Although in the initial phase the cost of the hotel project was estimated to be Rs 4 billion, the cost increased due to the delay of two years, said Golyan. The hotel, which will be open from Monday, will be of five-star standard, and the hotel has applied with the Department of Tourism to receive the star sign. The 14-story hotel has 153 rooms, a restaurant, banquet, spa, fitness center, swimming pool, and meeting hall.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14035', 'image' => '20211114110415_305794157.jpg', 'article_date' => '2021-11-14 11:03:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14289', 'article_category_id' => '1', 'title' => 'Private Sector Seeking Approval For Power Trade ', 'sub_title' => '', 'summary' => 'November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stakeholders representing the private sector have long been demanding approval for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the NEA has been officially exporting 39-MW electricity to India since November 3. Stating that the power trade deal has opened up new avenues, the private sector demanded the government to provide opportunity and permission to the energy producers to enter the fray. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Five different companies had submitted applications to the Ministry of Energy, Water Resource and Irrigation demanding license for power trade. In response, the ministry said approval to that end would be granted once the legal arrangement was in place. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Efforts are being made to address the issue in the new Electricity Act. The issues ranging from energy sale to export have been included in the Electricity Bill tabled at the National Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector companies have not obtained approval in absence of legal arrangement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized by the Independent Power Producers Association of Nepal (IPPAN), an association of energy producers representing the private sector of Nepal, Minister for Energy Pampha Bhusal said the government would grant approval to the private sector if they presented fact-based premises for energy trading. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She asked all stakeholders to come up with convincing facts regarding power trade. “Only arguments and debates do not work, come up with confidence that they can trade the power produced in the country,” said Minister Bhusal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14034', 'image' => '20211114082309_20211103081705_20211028080851_financial-viability-electricity.jpg', 'article_date' => '2021-11-14 08:22:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14288', 'article_category_id' => '1', 'title' => 'Advertisement Board Concerned about Promotion of Banned Advertisement during Festive Season', 'sub_title' => '', 'summary' => 'November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the implementation of the provisions that ban the advertisements of alcoholic and tobacco products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco-products during the festival season and the same practice was noticed in hoarding boards placed at different parts of the country, the board has said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the immediate removal of hoarding boards promoting alcoholic drinks and tobacco products. “The move is punishable by the law,” the board warned in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Health Act has banned the production, distribution, dissemination and transmission of advertising materials that adversely affect human health, including that of alcohol, cigarette, tobacco or tobacco-based substances, and the Adverting Regulation Act supports the same idea, reminded the board. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14033', 'image' => '20211114081414_advertising-board-of-nepal.jpg', 'article_date' => '2021-11-14 08:13:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14287', 'article_category_id' => '1', 'title' => 'Finance Minister Discusses Problems Faced by Banks ', 'sub_title' => '', 'summary' => 'November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting held at the Finance Ministry was attended by the Governor of Nepal Rastra Bank (NRB), CEOs and representatives of commercial banks, according to a press statement issued by the ministry. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Sharma reportedly said that there isn’t any specific reason for the current liquidity crisis and there is no need to panic about it. Minister Sharma expressed his view that a short-term resolution to the current liquidity crunch could be to increase government spending. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank has time and again issued repo worth millions of rupees in a bid to maintain the liquidity. He added that the liquidity crisis can be resolved only by investing in productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma also urged the banks to consider the lands of rural areas as collateral for providing loans.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the banks have been providing loans only to the land owners whose lands have access to motorable roads, Minister Sharma said that those who do not have such access have been deprived of such facilities. If the banks cannot provide loans, it is meaningless to have banks, opined the minister.</span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini urged the banks to stop providing loans to unproductive sectors. This, according to Marasini, would reduce liquidity crunch. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Chairman of Nepal Bankers’ Association Anil Upadhyay suggested that the liquidity crisis could be resolved by increasing the government’s capital expenditure.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CEO Of Nabil Bank Anil Shah said that the import of unnecessary items and goods should be stopped in order to increase the country’s foreign exchange reserve. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14032', 'image' => '20211112095553_IMG_7785.jpg', 'article_date' => '2021-11-12 21:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14286', 'article_category_id' => '1', 'title' => 'Wholesale Price of Oranges up by 53 Percent Compared to Last Year', 'sub_title' => '', 'summary' => 'November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year. This is evident through comparative analysis of the price list prepared by the Kalimati Fruits and Vegetables Market one year ago and the current price. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It has been said that the oranges produced within the country are not yet available in the market while the price of those imported from India is high due to the festive season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the price list of the Kalimati Fruits and Vegetables Market, the price of Indian oranges which was Rs 75 per kg a year ago has increased by 53 percent to Rs 115 per kg.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the price of domestic oranges of Nepal has also increased by 50 percent from Rs 60 to Rs 90 during the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Binay Shrestha, information officer of Kalimati Fruits and Vegetables Market Development Committee, the price of Indian oranges has increased due to the recent festivals. He added that the oranges produced in the country have just started to appear in the market. Therefore, it will take some time for the prices to come down. He added that the price of oranges will drop when plenty of oranges produced in the domestic market will be available by mid-December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Nepal Citrus Development Programme, the country produces 177,000 metric tons of oranges, 39,580 metric tons of lemon and 43,000 metric tons of sweet oranges annually. Although citrus fruits are cultivated in 65 out of 77 districts of Nepal, such fruits are produced commercially in 44 districts.</span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14031', 'image' => '20211112010154_20190605051816_20190220125347_aaa.jpg', 'article_date' => '2021-11-12 13:01:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14285', 'article_category_id' => '1', 'title' => 'Leather Stuck in Birgunj Customs ‘Illegal’: Stakeholders ', 'sub_title' => '', 'summary' => 'November 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. ', '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 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. One container of leather, which had passed the customs clearance and was being prepared for customs transit declaration (CTD), has been stopped.</span></span></span></span></p> <p><span 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 customs officials stopped the container belonging to Annapurna Leather Tanning Industries backed by Chinese investment in the Bara-Parsa Industrial Corridor after a dispute arose over the difference in HS code and the product. The customs had written to the railway service provider not to load the leather following the dispute.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">One container of leather prepared for loading on the train was stopped by the customs after local stakeholders raised the issue of exporting banned leather. The leather was shown to the officials of the Nepal Leather Tanners Association by unloading the skin again after the customs had already prepared the CTD and put it in the container.</span></span></span></span></p> <p><span 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 customs had issued CTD by placing a seal of OOL EVJ 7786 in a 40-foot container loaded with leather (OOCU 8546302). Customs Chief Lal Bahadur Khatri said that the investigation was initiated after the stakeholders raised the issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Khatri said that leather samples were shown by calling the leather manufacturers. He said the leather was different from the HS code mentioned in the declaration and could not be exported.</span></span></span></span></p> <p><span 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 customs officials called the vice president of the association Javed Nabi Iraqi, general secretary Mohammad Junaid Iftekhar, treasurer Manoj Chachan, representative of Everest Leather Binod Chaudhary, and other industrialists at the customs and showed them the skin samples. The industrialists had suggested testing the skin samples saying that the skin checked by the customs did not match with the HS code.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the export of such skins. According to the head of the customs, Khatri, they had only inspected the documents because export of leather falls under the green category.</span></span></span></span></p> <p><span 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 customs officials claim that the leather code and product being exported were different. The leather was being sent to Indonesia by providing wrong details.</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:"Arial","sans-serif"">The product was labeled HS code 4101900000 referring it to be ‘Split Buffalo Leather’. However, the code is used for exporting raw, salted, dried, lime-cleaned leather which is banned by the government. </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:"Arial","sans-serif"">It has been revealed that the industry had exported such leather earlier as well by submitting false details.</span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Read related news from the link below:</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">https://www.newbusinessage.com/Articles/view/14236</span></span></strong></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14030', 'image' => '20211112124305_1636683082.4.jpg', 'article_date' => '2021-11-12 12:42:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14284', 'article_category_id' => '1', 'title' => 'Chinese Company Completes Only 10% Works of Butwal-Naryangadh Road Expansion Project', 'sub_title' => '', 'summary' => 'November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. It has sought for extension of deadline as only nine months remains for the completion of the project.</span></span></span></span></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 Department of Roads had reached an understanding with the Chinese company to expand the road within three and a half years. Around three years have elapsed but the work of Narayangarh-Butwal road expansion project is moving at a snail's pace. Only ten percent of the project's work has been completed.</span></span></span></span></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"">A Korean consulting company is currently evaluating its deadline extension application. The consultant will extend the proposed deadline by two years only after conducting necessary evaluation. If the deadline is extended, the cost of the project is also expected to rise.</span></span></span></span></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 project with the total estimated cost of Rs 16 billion is being expanded in two sections- east and west sections. Pradipraj Shakya, project head of the west section, said cutting down trees on project site consumed time and the COVID-19 pandemic further delayed the expansion project.</span></span></span></span></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"">"After the contract was signed, it took almost a year to get permission to cut down the trees and remove the electricity poles from the road side. Soon after outbreak of the COVID-19 pandemic, prohibitory orders enforced to contain the pandemic restricted the movement of Chinese workers which impacted the construction. However, expansion has moved ahead after the Dashain festival," he said. The government has put forward plans to widen the east-west highway to four lanes and roads connecting bigger cities to six lanes. </span></span></span></span></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 project is running with concessional loan provided by the Asian Development Bank (ADB). However, Shakya said that some municipalities have started pressuring for the construction of six lane roads in small areas as well. If this issue is addressed the total cost of the project will definitely increase.</span></span></span></span></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"">Out of the total estimated cost, only four percent has been spent so far. He claimed that such expenditure would reach 35 percent by the end of the current fiscal year. The government aims to upgrade the East-West Highway into four lanes within five years. The East-West Highway, built in 1960, sees heavy vehicular movement everyday. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14029', 'image' => '20211112121948_1636683014.Clipboard05.jpg', 'article_date' => '2021-11-12 12:19:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14283', 'article_category_id' => '1', 'title' => 'Government Seeks Applications to Provide Relief to Poor Families', 'sub_title' => '', 'summary' => 'November 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of 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 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of Covid-19 pandemic. It may be noted that the government had announced relief for 500,000 households that have been identified as poor families. </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 government had announced a relief of Rs 10,000 to each of the poor families that lost their source of income due to the pandemic.</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 Ministry of Finance has requested the eligible families to submit applications in the prescribed format.</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"">Workers and laborers of the informal sector, street vendors, rickshaw pullers, daily-wage laborers, workers in public transportation, tourist porters who have now completely lost their job and have not been able to get any other employment, and those families who are facing financial crisis due to the death of the family’s bread winner as well as the families looking after orphan children can apply for the relief package.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In order to receive the relief amount, the ministry has issued a notice stating that the application to the ward office within 15 days.</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 notice has also categorized the families that are ineligible for the cash relief provided by the government. According to the notice, the applicant will not get any relief if any member of the applicant family is earning through permanent, temporary or contract employment in government, private or any other organization or foreign employment, at the time of filing the application.</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"">Similarly, if any member of the family is receiving social security allowance (senior citizen allowance, single woman allowance, Dalit or disabled allowance) from the Government of Nepal or pension from the Government of Nepal or from a fully or partially owned entity of the Government of Nepal or has been receiving a pension from a foreign government, such families will also not receive the grant amount.</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"">Even those families who have been able to meet immediate expenditure needs from accumulated income or ancestral property, or have received cash once as relief for this purpose under the Prime Minister's Employment Program or Government of Nepal, State Government or local level programme will not get this facility. </span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14028', 'image' => '20211112113045_new_logo.jpg', 'article_date' => '2021-11-12 11:29:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14282', 'article_category_id' => '1', 'title' => 'Int'l flight to Europe, Australia, Asian cities with NAC Ticket ', 'sub_title' => '', 'summary' => 'November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC made this arrangement after reaching bilateral agreements with international airline companies. As per agreements, various cities of Europe, Sydney of Australia, Seoul of South Korea, as well as Kuwait and Bahrain can be reached by purchasing an NAC ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Karishma Shrestha shared that the scheme would ease the flight service. It also helps cut the transit time, she added. Nepal Airlines is expecting to earn credit in the international market with this new ticketing scheme. The ticket can be bought from the central office of the NAC or via the travel agencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Shrestha further mentioned that NAC was coordinating with various airlines companies of the Unites States for similar arrangement in US cities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the European Commission has banned Nepali airline companies from flying in the skies of the 27-nation bloc due to poor safety standards of the Nepali companies, including the state-owned NAC. <em>(With inputs from RSS)</em> </span></span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14027', 'image' => '20211112081930_20210709080354_20180727021334_2.jpg', 'article_date' => '2021-11-12 08:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14280', 'article_category_id' => '1', 'title' => 'Student Unions Demand Immediate Withdrawal of Price Hike', 'sub_title' => '', 'summary' => 'November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the decision of NOC to hike the prices has affected the common people who have lost their jobs due to the coronavirus pandemic, the student leaders said they will not accept the decision at any cost.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at an interaction organized by the Society of Economic Journalists of Nepal on Thursday, the student leaders said they will prevent the employees of NOC from entering their office on November 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Chief Executive of NOC Surendra Prasad Poudel clarified that the state-owned oil monopoly decided to hike the price in accordance with the price hike in the international market. He said that the NOC is facing an annual loss of Rs 5.2 billion. According to Poudel, it is not their wish to hike the price but a compulsion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, the student leaders argued that the NOC has always making a lame excuse of loss to justify its decision to increase the price.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Nepal Students Union (NSU), a </span><span style="font-family:"Arial Unicode MS","sans-serif"">sister organization of the ruling Nepali Congress, has also demanded immediate withdrawal of the recent price hike of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a statement on Thursday, NSU President Rajiv Dhungana demanded withdrawal of the price hike, stating that the rise in the price of fuel twice in a span of 15 days had hit the people hard.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14026', 'image' => '20211112081006_20210119120932_20200401103058_petrol-2-1539134824.jpg', 'article_date' => '2021-11-12 08:09:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: Nepal Rastra Bank (NRB) has issued a fresh directive to the bank and financial institutions (BFIs) by amending the Integrated Directive, 2077 BS to address the liquidity crunch faced by the financial institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank said that the directive issued on October 20 was further revised and made systematic in regard to the interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, the BFIs were allowed to change the interest rate by a maximum of 10 per cent on the basis of the interest rate of the particular bank released in the previous month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the recent update, the BFIs can increase or decrease the interest rate by a maximum of 10 per cent in average (except for call deposit) by calculating the average and minimum interest rate of the entire category of the bank released in the previous month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">As per the new provision, Class A banks must fix the interest rate on the basis of the average interest rate of other Class A banks. </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"">For instance, if the average interest rate of 'A' category banks in the previous month was 9 percent, they can charge a maximum interest rate of 9.9 percent with an increment of 10 percent. The new provision is applicable for both the minimum and maximum interest rates.</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"">If the spread rate is more than the given cap, the other rates should be adjusted by making a basis either to the maximum and minimum interest rate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the NRB has scrapped the provision for BFIs to increase interest rate up to 0.5 percentage points for the deposits except for call deposit and institutional fixed deposit. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14041', 'image' => '20211115082634_20201228012934_20201106055408_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2021-11-15 08:25:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14296', 'article_category_id' => '1', 'title' => '11 Injured in Tukuche Avalanche ', 'sub_title' => ' Human Casualty Averted due to Gorge ', 'summary' => 'November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 15: A massive avalanche which occurred at Tukuche Peak of Thasang Rural Municipality-2 in Mustang district on Sunday morning left 11 people injured. Most of them were students and teachers injured in stampede. </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 catastrophe, if it was not staved off by a gorge lying in between the peak and human settlement, would have killed many people of around 100 households, said ward chair of Thasang Rural Municipality-2 Nar Prasad Hirachan, who is also an eyewitness to the incident. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Hirachan told the state-owned national news agency RSS that the avalanche occurred at around 11:40 am. Also known as Manapathi Mountain by the locals, Tukuche Peak continued to see avalanche till evening worrying the locals. </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""><img alt="" src="/app/webroot/userfiles/images/dddd%282%29.jpg" style="height:398px; width:600px" /> </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:11px"><em><span style="font-family:"Arial Unicode MS","sans-serif"">Photo Courtesy: Sabin Thakuri</span></em></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"">Crops in the field, cattle's shed and crops kept for drying in open spaces were damaged by the avalanche. Yaks were also killed in the avalanche. Some locals shielded themselves in huge rock while some others saved themselves from the disaster hiding in corners, said Lal Bahadur Gurung, a local. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Over 160 students, teachers and staffers of the Jana Adarsha Amar Singh Secondary School in the lower part of the human settlement were protected themselves by hiding inside the school, said school principal Khem Gurung. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Gurung, among the injured, some were school teachers and students. Five of them were critically injured while two were referred for further treatment. </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""><img alt="" src="/app/webroot/userfiles/images/Avalanche%20%284%29%281%29.jpg" style="height:328px; width:245px" /> </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are two rivers in the gorge-Bokshi and Lancue. The snow fallen during the avalanche fell into the two rivers, thereby reducing the scale of damage in the human settlement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ward chair Hirachan added, "If the avalanche had fallen into only one out of two rivers, it would have spelled disaster to the human settlement. Both the rivers have murky water flowing since the avalanche." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Human settlements of Naurikot, Lajing, Gobang and Bokshikhola would have been hit hard had there been no gorge, said Hirachan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Climate change expert Dr Ngamindra Dahal said the incident is one of the series of unexpected climate event in Nepal.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Currently, it is generally the time when snow gets frozen, so such avalanche at present is the direct impact of climate change," he argued. He urged all to be aware of such erratic events. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-11-15', 'modified' => '2021-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '14040', 'image' => '20211115083624_Avalanche (2).jpg', 'article_date' => '2021-11-15 08:35:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14294', 'article_category_id' => '1', 'title' => 'Farmers Likely to Face Fertilizer Shortage during Wheat-Sowing Season ', 'sub_title' => '', 'summary' => 'November 14: The government is running out of fertilizer stock right during the wheat-sowing season.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">November 14: The government is running out of fertilizer stock right during the wheat-sowing season. Two of the government companies -- Salt Trading Corporation and Agricultural Inputs Company Limited -- which have been selling the fertilizers to the farmers at subsidized rates are running low stock. It is estimated that about 123,000 metric tons of fertilizers are required in this winter season for sowing wheat and for the plantation of vegetables.</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 Salt Trading Corporation’s stock of fertilizers is zero, whereas the stock of Agricultural Inputs Company Limited is just 15,500 metric tons. Farmers require DAP fertilizer to sow wheat. The company has a stock of just 300 metric tons of DAP and the stock of urea is 15,000 metric tons.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Spokesperson of Salt Trading Corporation, Kumar Raj Bhandari downplayed the saying that although the companies do not have much fertilizers in stock, attempts are being made to bring in more fertilizers to avoid the shortage of fertilizers. He also added that 25,000 metric tons of DAP and urea each are being imported and are on the way already.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Meanwhile, the farmers have already become the victims of fertilizer shortage. While it is already the time to reap paddy and sow wheat, an additional problem of fertilizer shortage has burdened the 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">Sowing of wheat has already begun in the Terai region of Nepal. Bhuwaneshwor Yadav, a farmer from Sunsari, shared that the farmers are worried if they will have to sow the wheat without fertilizers just like how they sowed mustard. He also shared that the farmers were compelled to return empty handed from the depots of Salt Trading Corporation and the Agricultural Inputs Company.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">Earlier, the farmers also had to face shortage of fertilizers during the rainy season. They are worried that the same problem would repeat again in the winter season. The outgoing chairman of the National Farmers Commission, Chitra Bahadur Shrestha said that the farmers are still in despair after the paddy crop was damaged greatly by the unseasonal rains. It would be unfortunate if they have to face shortage of fertilizer as well.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:14.0pt">According to Shrestha, the farmers have lost hope in the government. The reason being, no matter how hard the government tries, it has never been able to get rid of the shortage of fertilizer when it is needed the most. “If chemical fertilizers are not used in the soil continuously, it might even affect the production of crops,” said Shrestha.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14039', 'image' => '20211114030600_images.jpeg-8.jpg', 'article_date' => '2021-11-14 15:04:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14292', 'article_category_id' => '1', 'title' => 'NEA Selling Electricity for as much as Rs 32 Per Unit in the Indian Market', 'sub_title' => '', 'summary' => 'November 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.', '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 14: Nepal Electricity Authority (NEA) has sold electricity generated in Nepal for as much as Rs 32 per unit in India’s power exchange market.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Suresh Bahadur Bhattarai, spokesperson of NEA, said that it sold electricity at Rs 32 per unit in the Indian market in between 6:30 pm to 6:45 pm on Thursday, November 11. "However, not all units of electricity is sold at Rs 32 per unit. It is being sold at different rates according to the demand of the open market," 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"">With the permission of the Government of India, NEA has been selling electricity in the Indian power exchange market at competitive rates since last November 3. Generally, NEA sells electricity at an average rate of IRs 3/4 per unit daily. However at the peak hour, the price of electricity goes up due to the rising energy crisis in India.</span></span></span></span></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"">NEA has been selling 39 MW of electricity generated from its own 24 MW Trishuli Hydropower Project and 15 MW Devighat Hydropower Project in the Indian energy exchange market since November 3. </span></span></span></span></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"">NEA sells electricity through 96 auctions which last every 15 minutes. Accordingly, the rate of electricity changes every fifteen minutes in the electricity exchange market. So, Nepali electricity was sold at Rs 32 per unit from 6:30 pm to 6:45 pm on Thursday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">NEA said that the rate of electricity changes or remains constant in every bid. It is traded even at the price of IRs 1.99. Kulman Ghising, managing director of NEA, said it is a great thing that electricity was sold at Rs 32 per unit. The power rate is unpredictable in the exchange market. According to the demand of the market, the buying and selling rate of electricity is determined by the system every 15 minutes. But, on a daily basis, our electricity is being sold at IRs 3/4," 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 Indian government had granted permission to the NEA to sell electricity in its exchange market on November 3. However, it had allowed Nepal to buy electricity from the exchange market last April. </span></span></span></span></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"">NEA had sent an application to the Ministry of Energy to become a member of the Indian power Exchange Market. The Ministry approved the application and made Nepal a member of its electricity exchange market. Nepal is the first country in South Asia to get permission to buy and sell electricity in the Indian market.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14037', 'image' => '20211114022109_Transmission.jpg', 'article_date' => '2021-11-14 14:20:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14290', 'article_category_id' => '1', 'title' => 'Deserted Bhaktapur Gradually Receiving Tourists ', 'sub_title' => '', 'summary' => 'November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The tourist sites in Bhaktapur Municipality in Bhaktapur district were deserted for nearly two years due to COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As the COVID-19 pandemic is winding down and the vaccination drive has been stepped up, as well as the ease in international travel restrictions, more and more people have started travelling. Travel and tourism is gradually reviving. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Bhaktapur Municipality used to welcome around 3,000 foreign tourists on a daily basis prior to the onset of COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the COVID-19 crisis, the tourist sites in Bhaktapur did not see a single footfall of the foreign tourists. Lately, 60 to 90 foreign tourists visit Bhaktapur, according to Bhaktapur Municipality's chief of information centre, Gautam Lasiba. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Health safety protocols have been put in place against COVID-19 for safe tourism. The Municipality had collected around Rs 260 million as revenue from tourists in 2019/20 BS, said Lasiba, adding that only Rs 2.9 million was collected in the last fiscal year 2020/21. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In August, 228 tourists visited Bhaktapur, 380 in September, 964 in October and 1,923 as of November 12 this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The local government has been stepping up reconstruction of the quake-damaged historical monuments for attracting tourists in the medieval town. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14036', 'image' => '20211114083017_moments_1033465320019498.jpg', 'article_date' => '2021-11-14 08:29:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14291', 'article_category_id' => '1', 'title' => 'Another Five-Star Chain Hotel Set to Start its Operation in KTM from Nov 15', 'sub_title' => '', 'summary' => 'November 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15.', '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 14: Another new international chain brand, Hyatt Place, is all set to start its operation in Kathmandu on November 15. Hyatt Place Kathmandu, located in Soltimode, Kathmandu, has been set up with the investment of Golyan Group, which has been diversifying its 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:"Times New Roman","serif"">The five-star hotel was officially inaugurated on Saturday. The hotel was built with an investment of Rs 5 billion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Pawan Golyan, chairman of the group, said that the hotel has started its operation as the Covid-19 cases have been declining and tourists are also visiting Nepal. The government opened Nepal for tourists some time ago, and many tourists visited Nepal in October. The international chain brand hotel has come into operation at a time when businessmen are expect Nepal's tourism sector to wait till 2025 AD to reach the pre-Covid-19 state.</span></span></span></span></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"">"We have been delaying the operation of the hotel for two years. It has been almost six years since the construction of the hotel started. The construction has been delayed for two years due to coronavirus," Golyan 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"">Even though it is a chain brand, and is targeted for foreign tourists, we will give equal priority to the locals, 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"">Although in the initial phase the cost of the hotel project was estimated to be Rs 4 billion, the cost increased due to the delay of two years, said Golyan. The hotel, which will be open from Monday, will be of five-star standard, and the hotel has applied with the Department of Tourism to receive the star sign. The 14-story hotel has 153 rooms, a restaurant, banquet, spa, fitness center, swimming pool, and meeting hall.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14035', 'image' => '20211114110415_305794157.jpg', 'article_date' => '2021-11-14 11:03:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14289', 'article_category_id' => '1', 'title' => 'Private Sector Seeking Approval For Power Trade ', 'sub_title' => '', 'summary' => 'November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The private sector been attracted towards reaping benefits from power trade after the state-owned Nepal Electricity Authority (NEA) obtained approval for electricity sale in the Indian energy market. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stakeholders representing the private sector have long been demanding approval for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the NEA has been officially exporting 39-MW electricity to India since November 3. Stating that the power trade deal has opened up new avenues, the private sector demanded the government to provide opportunity and permission to the energy producers to enter the fray. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Five different companies had submitted applications to the Ministry of Energy, Water Resource and Irrigation demanding license for power trade. In response, the ministry said approval to that end would be granted once the legal arrangement was in place. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Efforts are being made to address the issue in the new Electricity Act. The issues ranging from energy sale to export have been included in the Electricity Bill tabled at the National Assembly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector companies have not obtained approval in absence of legal arrangement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At a programme organized by the Independent Power Producers Association of Nepal (IPPAN), an association of energy producers representing the private sector of Nepal, Minister for Energy Pampha Bhusal said the government would grant approval to the private sector if they presented fact-based premises for energy trading. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">She asked all stakeholders to come up with convincing facts regarding power trade. “Only arguments and debates do not work, come up with confidence that they can trade the power produced in the country,” said Minister Bhusal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14034', 'image' => '20211114082309_20211103081705_20211028080851_financial-viability-electricity.jpg', 'article_date' => '2021-11-14 08:22:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14288', 'article_category_id' => '1', 'title' => 'Advertisement Board Concerned about Promotion of Banned Advertisement during Festive Season', 'sub_title' => '', 'summary' => 'November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 14: The Advertisement Board has instructed all the bodies concerned to fully abide by the legal provisions while producing and disseminating advertisements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the implementation of the provisions that ban the advertisements of alcoholic and tobacco products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that some newspapers and several media were found displaying advertisements of alcoholic beverages and tobacco-products during the festival season and the same practice was noticed in hoarding boards placed at different parts of the country, the board has said it is against the Public Health Act- 2075 BS and the Advertising Regulations Act-2076 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It has sought the immediate removal of hoarding boards promoting alcoholic drinks and tobacco products. “The move is punishable by the law,” the board warned in a press statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Health Act has banned the production, distribution, dissemination and transmission of advertising materials that adversely affect human health, including that of alcohol, cigarette, tobacco or tobacco-based substances, and the Adverting Regulation Act supports the same idea, reminded the board. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-11-14', 'modified' => '2021-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '14033', 'image' => '20211114081414_advertising-board-of-nepal.jpg', 'article_date' => '2021-11-14 08:13:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14287', 'article_category_id' => '1', 'title' => 'Finance Minister Discusses Problems Faced by Banks ', 'sub_title' => '', 'summary' => 'November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Finance Minister Janardan Sharma held a meeting with chief executive officers of 27 commercial banks on Friday to discuss the problems faced the banks including liquidity crunch and the current financial situation of the country.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting held at the Finance Ministry was attended by the Governor of Nepal Rastra Bank (NRB), CEOs and representatives of commercial banks, according to a press statement issued by the ministry. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the meeting, Finance Minister Sharma reportedly said that there isn’t any specific reason for the current liquidity crisis and there is no need to panic about it. Minister Sharma expressed his view that a short-term resolution to the current liquidity crunch could be to increase government spending. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The central bank has time and again issued repo worth millions of rupees in a bid to maintain the liquidity. He added that the liquidity crisis can be resolved only by investing in productive sector.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma also urged the banks to consider the lands of rural areas as collateral for providing loans.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the banks have been providing loans only to the land owners whose lands have access to motorable roads, Minister Sharma said that those who do not have such access have been deprived of such facilities. If the banks cannot provide loans, it is meaningless to have banks, opined the minister.</span><br /> <br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Madhu Kumar Marasini urged the banks to stop providing loans to unproductive sectors. This, according to Marasini, would reduce liquidity crunch. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Chairman of Nepal Bankers’ Association Anil Upadhyay suggested that the liquidity crisis could be resolved by increasing the government’s capital expenditure.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, CEO Of Nabil Bank Anil Shah said that the import of unnecessary items and goods should be stopped in order to increase the country’s foreign exchange reserve. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14032', 'image' => '20211112095553_IMG_7785.jpg', 'article_date' => '2021-11-12 21:54:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14286', 'article_category_id' => '1', 'title' => 'Wholesale Price of Oranges up by 53 Percent Compared to Last Year', 'sub_title' => '', 'summary' => 'November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 12: The wholesale price of oranges in Nepal has been found increased by 53 percent within a period of one year. This is evident through comparative analysis of the price list prepared by the Kalimati Fruits and Vegetables Market one year ago and the current price. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It has been said that the oranges produced within the country are not yet available in the market while the price of those imported from India is high due to the festive season.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the price list of the Kalimati Fruits and Vegetables Market, the price of Indian oranges which was Rs 75 per kg a year ago has increased by 53 percent to Rs 115 per kg.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the price of domestic oranges of Nepal has also increased by 50 percent from Rs 60 to Rs 90 during the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Binay Shrestha, information officer of Kalimati Fruits and Vegetables Market Development Committee, the price of Indian oranges has increased due to the recent festivals. He added that the oranges produced in the country have just started to appear in the market. Therefore, it will take some time for the prices to come down. He added that the price of oranges will drop when plenty of oranges produced in the domestic market will be available by mid-December.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Nepal Citrus Development Programme, the country produces 177,000 metric tons of oranges, 39,580 metric tons of lemon and 43,000 metric tons of sweet oranges annually. Although citrus fruits are cultivated in 65 out of 77 districts of Nepal, such fruits are produced commercially in 44 districts.</span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14031', 'image' => '20211112010154_20190605051816_20190220125347_aaa.jpg', 'article_date' => '2021-11-12 13:01:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14285', 'article_category_id' => '1', 'title' => 'Leather Stuck in Birgunj Customs ‘Illegal’: Stakeholders ', 'sub_title' => '', 'summary' => 'November 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. ', '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 12: Leather manufacturers have accused the Birgunj Dry Port Customs of clearing the leather banned by the government. One container of leather, which had passed the customs clearance and was being prepared for customs transit declaration (CTD), has been stopped.</span></span></span></span></p> <p><span 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 customs officials stopped the container belonging to Annapurna Leather Tanning Industries backed by Chinese investment in the Bara-Parsa Industrial Corridor after a dispute arose over the difference in HS code and the product. The customs had written to the railway service provider not to load the leather following the dispute.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">One container of leather prepared for loading on the train was stopped by the customs after local stakeholders raised the issue of exporting banned leather. The leather was shown to the officials of the Nepal Leather Tanners Association by unloading the skin again after the customs had already prepared the CTD and put it in the container.</span></span></span></span></p> <p><span 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 customs had issued CTD by placing a seal of OOL EVJ 7786 in a 40-foot container loaded with leather (OOCU 8546302). Customs Chief Lal Bahadur Khatri said that the investigation was initiated after the stakeholders raised the issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Khatri said that leather samples were shown by calling the leather manufacturers. He said the leather was different from the HS code mentioned in the declaration and could not be exported.</span></span></span></span></p> <p><span 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 customs officials called the vice president of the association Javed Nabi Iraqi, general secretary Mohammad Junaid Iftekhar, treasurer Manoj Chachan, representative of Everest Leather Binod Chaudhary, and other industrialists at the customs and showed them the skin samples. The industrialists had suggested testing the skin samples saying that the skin checked by the customs did not match with the HS code.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The government has banned the export of such skins. According to the head of the customs, Khatri, they had only inspected the documents because export of leather falls under the green category.</span></span></span></span></p> <p><span 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 customs officials claim that the leather code and product being exported were different. The leather was being sent to Indonesia by providing wrong details.</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:"Arial","sans-serif"">The product was labeled HS code 4101900000 referring it to be ‘Split Buffalo Leather’. However, the code is used for exporting raw, salted, dried, lime-cleaned leather which is banned by the government. </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:"Arial","sans-serif"">It has been revealed that the industry had exported such leather earlier as well by submitting false details.</span></span></span></span></p> <p><br /> <span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Read related news from the link below:</span></span></strong></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">https://www.newbusinessage.com/Articles/view/14236</span></span></strong></span></span></p> <p><br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14030', 'image' => '20211112124305_1636683082.4.jpg', 'article_date' => '2021-11-12 12:42:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14284', 'article_category_id' => '1', 'title' => 'Chinese Company Completes Only 10% Works of Butwal-Naryangadh Road Expansion Project', 'sub_title' => '', 'summary' => 'November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><strong> </strong><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 12: China State Engineering Corporation, the Chinese contractor company assigned to expand the 114-km Butwal-Naryangadh road section, has completed only around ten percent works in three years. It has sought for extension of deadline as only nine months remains for the completion of the project.</span></span></span></span></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 Department of Roads had reached an understanding with the Chinese company to expand the road within three and a half years. Around three years have elapsed but the work of Narayangarh-Butwal road expansion project is moving at a snail's pace. Only ten percent of the project's work has been completed.</span></span></span></span></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"">A Korean consulting company is currently evaluating its deadline extension application. The consultant will extend the proposed deadline by two years only after conducting necessary evaluation. If the deadline is extended, the cost of the project is also expected to rise.</span></span></span></span></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 project with the total estimated cost of Rs 16 billion is being expanded in two sections- east and west sections. Pradipraj Shakya, project head of the west section, said cutting down trees on project site consumed time and the COVID-19 pandemic further delayed the expansion project.</span></span></span></span></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"">"After the contract was signed, it took almost a year to get permission to cut down the trees and remove the electricity poles from the road side. Soon after outbreak of the COVID-19 pandemic, prohibitory orders enforced to contain the pandemic restricted the movement of Chinese workers which impacted the construction. However, expansion has moved ahead after the Dashain festival," he said. The government has put forward plans to widen the east-west highway to four lanes and roads connecting bigger cities to six lanes. </span></span></span></span></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 project is running with concessional loan provided by the Asian Development Bank (ADB). However, Shakya said that some municipalities have started pressuring for the construction of six lane roads in small areas as well. If this issue is addressed the total cost of the project will definitely increase.</span></span></span></span></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"">Out of the total estimated cost, only four percent has been spent so far. He claimed that such expenditure would reach 35 percent by the end of the current fiscal year. The government aims to upgrade the East-West Highway into four lanes within five years. The East-West Highway, built in 1960, sees heavy vehicular movement everyday. </span></span></span></span></p> <p><br /> <br /> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14029', 'image' => '20211112121948_1636683014.Clipboard05.jpg', 'article_date' => '2021-11-12 12:19:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14283', 'article_category_id' => '1', 'title' => 'Government Seeks Applications to Provide Relief to Poor Families', 'sub_title' => '', 'summary' => 'November 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of 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 12: Government of Nepal has called for applications from eligible families seeking relief in the wake of Covid-19 pandemic. It may be noted that the government had announced relief for 500,000 households that have been identified as poor families. </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 government had announced a relief of Rs 10,000 to each of the poor families that lost their source of income due to the pandemic.</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 Ministry of Finance has requested the eligible families to submit applications in the prescribed format.</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"">Workers and laborers of the informal sector, street vendors, rickshaw pullers, daily-wage laborers, workers in public transportation, tourist porters who have now completely lost their job and have not been able to get any other employment, and those families who are facing financial crisis due to the death of the family’s bread winner as well as the families looking after orphan children can apply for the relief package.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In order to receive the relief amount, the ministry has issued a notice stating that the application to the ward office within 15 days.</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 notice has also categorized the families that are ineligible for the cash relief provided by the government. According to the notice, the applicant will not get any relief if any member of the applicant family is earning through permanent, temporary or contract employment in government, private or any other organization or foreign employment, at the time of filing the application.</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"">Similarly, if any member of the family is receiving social security allowance (senior citizen allowance, single woman allowance, Dalit or disabled allowance) from the Government of Nepal or pension from the Government of Nepal or from a fully or partially owned entity of the Government of Nepal or has been receiving a pension from a foreign government, such families will also not receive the grant amount.</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"">Even those families who have been able to meet immediate expenditure needs from accumulated income or ancestral property, or have received cash once as relief for this purpose under the Prime Minister's Employment Program or Government of Nepal, State Government or local level programme will not get this facility. </span></span></span></p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14028', 'image' => '20211112113045_new_logo.jpg', 'article_date' => '2021-11-12 11:29:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14282', 'article_category_id' => '1', 'title' => 'Int'l flight to Europe, Australia, Asian cities with NAC Ticket ', 'sub_title' => '', 'summary' => 'November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Nepal Airlines Corporation (NAC), the national flag carrier of Nepal, has made it possible for travelers to fly to Europe, Australia and different Asian cities using its ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC made this arrangement after reaching bilateral agreements with international airline companies. As per agreements, various cities of Europe, Sydney of Australia, Seoul of South Korea, as well as Kuwait and Bahrain can be reached by purchasing an NAC ticket. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Karishma Shrestha shared that the scheme would ease the flight service. It also helps cut the transit time, she added. Nepal Airlines is expecting to earn credit in the international market with this new ticketing scheme. The ticket can be bought from the central office of the NAC or via the travel agencies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Shrestha further mentioned that NAC was coordinating with various airlines companies of the Unites States for similar arrangement in US cities. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the European Commission has banned Nepali airline companies from flying in the skies of the 27-nation bloc due to poor safety standards of the Nepali companies, including the state-owned NAC. <em>(With inputs from RSS)</em> </span></span></span></p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14027', 'image' => '20211112081930_20210709080354_20180727021334_2.jpg', 'article_date' => '2021-11-12 08:18:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14280', 'article_category_id' => '1', 'title' => 'Student Unions Demand Immediate Withdrawal of Price Hike', 'sub_title' => '', 'summary' => 'November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">November 12: Student unions affiliated to different parties are preparing to picket the Nepal Oil Corporation (NOC) on Friday (November 12) to protest against the latest hike in prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the decision of NOC to hike the prices has affected the common people who have lost their jobs due to the coronavirus pandemic, the student leaders said they will not accept the decision at any cost.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Speaking at an interaction organized by the Society of Economic Journalists of Nepal on Thursday, the student leaders said they will prevent the employees of NOC from entering their office on November 12.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Chief Executive of NOC Surendra Prasad Poudel clarified that the state-owned oil monopoly decided to hike the price in accordance with the price hike in the international market. He said that the NOC is facing an annual loss of Rs 5.2 billion. According to Poudel, it is not their wish to hike the price but a compulsion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, the student leaders argued that the NOC has always making a lame excuse of loss to justify its decision to increase the price.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the Nepal Students Union (NSU), a </span><span style="font-family:"Arial Unicode MS","sans-serif"">sister organization of the ruling Nepali Congress, has also demanded immediate withdrawal of the recent price hike of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Preeti"><span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a statement on Thursday, NSU President Rajiv Dhungana demanded withdrawal of the price hike, stating that the rise in the price of fuel twice in a span of 15 days had hit the people hard.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-11-12', 'modified' => '2021-11-12', 'keywords' => '', 'description' => '', 'sortorder' => '14026', 'image' => '20211112081006_20210119120932_20200401103058_petrol-2-1539134824.jpg', 'article_date' => '2021-11-12 08:09:16', '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
