October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their…
October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their…
…
October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October…
October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The…
October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s…
October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand…
October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any…
October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new…
October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three…
October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion…
October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent…
October 28: The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline.…
October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive…
October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the…
October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next…
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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"">October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PM, during a programme organised in London on Saturday by UK Chapter of Non-Resident Nepalis Association (NRNA), expressed readiness to support the investors for investments in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba made his views clear that the issues of Nepali citizenship and visa to the NRNs should be passed from the parliament following a political consensus among the political parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, patron of NRNA UK chapter Sher Bahadur Sunar drew PM Deuba’s attention to take special efforts to resolve the problems of ex-Gurkha servicemen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, president of NRNA UK chapter Prem Gahamagar called for making investment-friendly environment in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba is currently in the UK leading a Nepali delegation to attend the World Leaders' Summit in the 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC). The COP26 is taking place in Glasgow city of Scotland, from October 31 to November 12. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-31', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13961', 'image' => '20211031081335_20160513034506_editor.jpg', 'article_date' => '2021-10-31 08:12:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14215', 'article_category_id' => '1', 'title' => 'Fundamentals of Business', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Ashutosh Tiwari</span></span></em></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Founder, Safal Partners</span></span></em></span></span></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"">Entrepreneurship means asking questions why something has not happened and has happened and how things can be made better. Raising questions over things happening around us helps to develop entrepreneurial thinking. Asking questions is the best way to learn and develop deeper understanding. </span></span></span></span></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"">Entrepreneurship is a high-risk/high reward game. The game is not for everyone. Different people find their entrepreneurial skills at different ages. Nor it is not bound by any educational backgrounds. We shouldn't compare ourselves to other countries in terms of success and starting business. Being successful at your native place is a great thing. </span></span></span></span></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"">Hard work, intelligence, teamwork, eagerness to learn, raising questions and starting from ignorance are some of the factors to be successful. There are some fundamentals that should be considered while starting business and after starting business. Starting a business in any sector that lacks competition is a high risk one. Investors would not be attracted to invest in businesses devoid of competition. In general, business with competitors would succeed. Competition helps to learn and make service seekers understand about the business quickly. </span></span></span></span></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"">Secondly, business plans need to be changed throughout various spans of time according to the needs of the market. The plan needs to point out their specific customers. Customers are in fact your means of earning. It is important to discover your marketing channels. How will customers know about your product? Always be marketing. Most of our businesses are way behind in terms of marketing. We are asked not to boast about ourselves/our product which doesn't hold true in business. Marketing is not about sales. In fact, it boosts your sales. </span></span></span></span></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"">Entrepreneurs should have a far-sighted vision which should not be determined by money. Profit is just a by-product. They need to be clear what product/services they are selling. You need to understand whether your service/product is painkiller or vitamin. It is more difficult to sell painkillers than vitamins. </span></span></span></span></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"">Startups often complain about their employees not working well. Meanwhile, forming a team and deploying them in a productive manner is also a skill. Many of us don't know how to work in a team as we are taught individual skills from a young age. </span></span></span></span></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"">Most of the startups fail because of lack of finances. Investors are now finally interested in investing in entrepreneurship which is a good thing. While starting a business you need to arrange finances to survive for the first eighteen months. I suggest leaving the business if you can't sustain the business for the first eighteen months. You should focus on honing your entrepreneurial thoughts instead of sticking to a failing business. I also recommend not to start a business from your own funds but rather raise the funds. And any entrepreneur should learn basic accounting and finance skills. </span></span></span></span></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"">Startups need to understand if their products are liked by their customers beyond your friends and family circle. Expand your network of investors, board of advisors. They will help you with different perspectives on business and attracting investment. Entrepreneurship is a learning game. Reflecting on your past experiences, learning from it helps you to excel the way forward. </span></span></span></span></p> <p><em>(Views expressed during an interactive training of NewBiz Startup Summit and Awards 2021)</em><br /> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13960', 'image' => '20211030081832_1A1A3475.JPG', 'article_date' => '2021-10-30 08:18:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14214', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30).', '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"">October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30). </span></span></span></span></p> <p><span 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 state-owned oil monopoly has increased the prices of petrol, diesel and kerosene each by Rs 3 per liter. With the price hike, the price of petrol has gone up to Rs 133 per liter while diesel and kerosene will now cost Rs 116 per liter.</span></span></span></span></p> <p><span 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 price of cooking gas has been increased by Rs 50 per cylinder to Rs 1,500.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of aviation turbine fuel has also been increased by Rs 10 per liter both for domestic and international flights. According to the new price list, aviation fuel for domestic flights will now cost US$ 96 per kiloletre while the price of international aviation fuel has been fixed at US$ 885 per kiloliter. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the NOC, the prices have been revised as per the new list received from the Indian Oil Corporation.</span></span></span></span></p> <p><span 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 last time NOC had increased the prices of petrol, diesel and kerosene was on August 23<strong>. </strong>Despite the announcement, NOC is yet to update the price list on its website. Below is the list of price hike taken from the website of NOC:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""><img alt="" src="/app/webroot/userfiles/images/Untitled%284%29.jpg" style="height:483px; width:800px" /></span></span></span></span></p> <p><span style="font-size:12px"><em><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Source: NOC</span></span></em></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '13959', 'image' => '20211030080715_202609_20190503125003_Petrol-Price-Increase.jpg', 'article_date' => '2021-10-30 08:06:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14213', 'article_category_id' => '1', 'title' => 'Interactive Training of NewBiz Startup Summit and Awards 2021 Concludes', 'sub_title' => 'Special training for startups held in the lead up to ‘NewBiz Startup Summit & Awards 2021’', 'summary' => 'October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups. The interactive training program was held in Kathmandu as part of the ‘Kumari Bank NewBiz Startup Summit & Awards 2021’. The event was attended by more than 1,500 entrepreneurs through virtual as well as physical means.</span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/IMG_4271%281%29.JPG" style="height:266px; width:400px" /></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the training session, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Ranjit Acharya said that it’s time for the government to clearly define “startups”. He further said that the government should bring additional policy to develop the startup sector.</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"">Acharya added that one should not wait for the right time to start a venture. “Right time to start a startup business is now. Entrepreneurs should be able to adapt to any situation and time. Only then can a person become an entrepreneur,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of the National Innovation Center Dr Mahabir Pun pointed towards our society as the main reason for the lack of entrepreneurship development. Stating that entrepreneurship has not developed in the country as there is a lack of entrepreneurship culture, he said, “There is still a trend of going abroad among the Nepalis. Now, in order to develop entrepreneurship, we need to develop entrepreneurship culture, especially startup. You can't become a startup entrepreneur just by continuing the work done by your parents.”</span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3568%281%29.JPG" style="height:266px; width:400px" /></p> <p><em>Dr Mahabir Pun, President, National Innovation Centre</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Magsaysay Award winner Pun added that the government representatives need to carefully study about startups and entrepreneurship. “Those who lead from the society without entrepreneurial culture cannot understand startup business and will not be able to bring a relevant policy and implement it. Therefore, they need to study this issue now,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also expressed his commitment to help any startup entrepreneur through his innovation center. “We will help to raise capital investment if you have plans for business,” he said, adding, “We are ready to help with ideas, but one has to work hard.”</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"">Likewise, Ashutosh Tiwari, founder of Safal Partners, said that getting into entrepreneurship is like jumping into an ocean. "Entrepreneurship is a risky sector in itself. However, even if the risk is high, the possibility of return is equally high, so don't panic.”</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"">He also said that age, religion or caste does not stop one from becoming an entrepreneur. Nor, it is not necessary to study in the US to become an entrepreneur. “Anyone can start a venture. Even if it fails, it is not bad in itself. Rather we can learn from that failure and start another one,” he added.</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 addition, Amit Agrawal, co-founder and director of Khalti Digital Wallet, said that some areas of the country are still lagging behind in development of digital payment. “Even Kathmandu’s drinking water bill has not been digitized yet. We have not been able to provide our services there even if we wanted to,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Khalti will be transformed into a public company in the upcoming fiscal year, Agrawal said that an IPO will be issued to the public within three years.</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"">Another speaker Anushka Shrestha, who is the founder of Makkuse and the winner of Miss Nepal World 2019, shared her experience of getting into a business. She said that one should not have the mentality that there is no opportunity in Nepal. “There are many possibilities. Therefore, to do something in Nepal, one has to look through the eyes of entrepreneurship,” she said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman of New Business Age Pvt Ltd, said that Newbiz Startups Summit and Awards would help startups by helping them tap the benefits that the government offers them. He also said that the event would help them get noticed and heard by investors and policymakers. </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""><img alt="" src="/app/webroot/userfiles/images/1A1A3444.JPG" style="height:237px; width:400px" /></span></span></span></p> <p><em>Madan Lamsal, Chairman, New Business Age</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We are organizing this event by focusing on entrepreneurship that aligns with the corporate mission of our organization. We want to support the economic development model led by the private sector,” said Lamsal, who is also the editor-in-chief of New Business Age. “International organizations, banking sector, private sector and government are making efforts to promote and support startups. They had helped them to some extent. But, that is not enough. This event is to complement those initiatives,” he added. </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 final selection of the winners for the NewBiz Startup Summit and Award 2021 will be completed by November 16 and the grand finale will be held on November 26. As per the organisers, a jury of independent experts has been formed for the selection and the process has already started.</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 main sponsor of NewBiz Startup Summit and Award is Kumari Bank Limited and the co-sponsor is Garima Bikas Bank Limited. Likewise, the Federation of Nepalese Chambers of Commerce and Industry and Nepalese Young Entrepreneurs Forum (NYEF) are associate partners of the Summit and Awards. Similarly, the awards programme has been supported by IME and NLG Insurance Company Limited. The technical partner of the program is Mango Tech. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3439.JPG" style="height:533px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3521.JPG" style="height:515px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3586.JPG" style="height:505px; width:800px" /></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13958', 'image' => '20211029103136_1A1A3590 (1).JPG', 'article_date' => '2021-10-29 22:30:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14212', 'article_category_id' => '1', 'title' => 'Nepal Electricity Authority Urges ISPs to Sign Agreement within mid-November', 'sub_title' => '', 'summary' => 'October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Issuing a statement, the NEA urged the ISPs to sign agreements in this regard within the given deadline. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA has urged the service providers that have been using the electricity poles of NEA without any authorization to declare the locations, quantity and timeframe of the unauthorized use themselves and come forward for an agreement within mid-November.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It may be noted that the NEA had removed internet cables from its poles in early October after the ISPs failed to clear their overdue amount for using the poles. This had led to a brief disruption in internet services in many places across the country until the government intervened and provided a timeframe to resolve the issue.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA and ISPs are at loggerheads since a long time after the NEA increased the rental charge of utility poles. ISPs have been saying that the move would result in an increase in internet fare for the consumer, which is against the concept of Digital Nepal envisaged by the government.</span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13957', 'image' => '20211029123534_20211004075355_internet_image.jpg', 'article_date' => '2021-10-29 12:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14211', 'article_category_id' => '1', 'title' => 'FNCCI Welcomes Reduction in Power Tariff Rates', 'sub_title' => '', 'summary' => 'October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. ', '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 Unicode MS","sans-serif"">October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The federation has stated that the reduction in electricity tariff will provide more relief to the industries and businesses in crisis due to the coronavirus pandemic. It may be noted that the FNCCI had been demanding not to increase the electricity demand fee. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the private sector was encouraged by the decision not to increase the demand fee, the FNCCI thanked the Minister for Energy, Water Resources and Irrigation, officials of the ministry, Electricity Regulatory Commission and Electricity Authority. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> "We are confident that this decision will help expand economic activities, albeit to some extent," the federation said in a statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI added that tariffs for industries should be cheaper to increase electricity consumption and also help create a competitive market and reduce trade deficits. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13956', 'image' => '20211029121543_20191101092421_aaaa.jpg', 'article_date' => '2021-10-29 12:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14210', 'article_category_id' => '1', 'title' => 'Trader Fined for Inappropriate Business Activities', 'sub_title' => '', 'summary' => 'October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label. A joint inspection team slapped a fine of Rs 200,000 when the team found seventeen sacks of sugar in the packet of rice. Of them, two sacks of sugar were being sold. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Santosh Pokhrel, head of the DOCSCP, Biratnagar Office said a trader named Rahul Kumar Shah has been fined for inappropriate business activities. It was found that the trader imported most of the items from Indian market and did not have any VAT bill. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Likewise, Bishnu Sweets located in Itahari has been fined Rs 20,000 for selling rotten sweets. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Pokhrel said that the department has instructed to clean the kitchen area of Gorkha Kitchen located above the Gorkha Department Store. Natraj Sweet and Chaat House of Itahari has also been instructed to improve on the cleanliness front. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Government officials have stepped up market monitoring for the festive season. However, consumer rights groups complain that malpractices are taking place unabetted.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13955', 'image' => '20211029113659_20210314113942_Clipboard02(7).jpg', 'article_date' => '2021-10-29 11:36:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14209', 'article_category_id' => '1', 'title' => 'Investment Board Nepal to Study a Dozen New Projects', 'sub_title' => '', 'summary' => 'October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The board, which has approved investments for 28 projects since its establishment, has started studying new projects to expand the scope of investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the IBN, projects have been selected and studied from all the provinces for fair and uniform development in all the states. The 10 projects studied in the seven provinces include Taltalaiya, a multipurpose project in Province 1, Janaki Heritage Hotel and Cultural Village in Province 2, Bus Rapid Transit on Ring Road in Bagmati province, Dhulikhel Medicity and Dolakha Film City. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, the Board has started studying the International Convention Center in Gandaki, Pokhara, Gautam Buddha Maternity Hospital in Lumbini, Karnali Integrated Herbal Processing in Karnali, Far Western Public Transport in Far West, and Khaptad Integrated Tourism Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the officials of the Board, the study of these projects will help the investors to show the new projects and inform them about the estimated cost of these projects as well as the possible benefits. Sushil Bhatta, CEO of the Board said that they will start raising funds after conducting necessary study.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">After the establishment of the office of Investment Board, investment amount of Rs 8 billion has been approved for 28 projects. However, only a small amount of the approved investment has actually been invested till date. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board established in 2068 BS had approved the investment for the Dangote Cement Industry in 2070 BS. However, its investors have already returned. The board had approved investments for 28 industries in six sectors including energy, manufacturing, mining, tourism and urban development. Out of the approved investments, only Hongshi Shivam Cement Industry has come into operation so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Four industries that include Arun 3 Hydro Power Company, Upper Trishuli 1, Huaxin Cement and Waste to Energy Project are under construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board has approved five more projects. These include China-Nepal Friendship Industrial Park, Vehicle Manufacturing and Assembling Plant, Dang Cement, Smart Cement and Upper Marsyangdi Hydro Power. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13954', 'image' => '20211029112151_20210823044910_MG_3290.jpg', 'article_date' => '2021-10-29 11:21:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14208', 'article_category_id' => '1', 'title' => 'Handicraft Fair in November', 'sub_title' => '', 'summary' => 'October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks. The Federation of Handicraft Associations of Nepal (FHAN) is going to organise the fair at the Hayat Regency Hotel, Bouddha from November 19 to 21.</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 trade fair used to be organised at Bhrikutimandap in the previous years. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Organising a press meet on Thursday, the federation said it expects the fair to play an important role in reviving the domestic as well as international market of handicraft. The handicraft market has been badly affected by the impacts of Covid-19 pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Prime Minister Sher Bahadur Deuba is scheduled to inaugurate the fair. The fair co-ordinator, Rabindra Shakya informed that high-ranking government officials, exporters as well as ambassadors of different countries have been invited to the fair.</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 fair will have 120 stalls of various handicraft items. Rajman Bajracharya, the coordinator of craft competition informed that the different gifts would be given away to the participants of the craft competition.</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 main objective of the fair is to promote the domestic and international market of Nepali handicraft and other manufactured goods, and to develop business relations between Nepali entrepreneurs and foreign handicraft importers.</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 purpose of the fair is to provide a favourable environment for gathering national and international buyers and sellers all in one place, to provide market access to new entrepreneurs, and to highlight the interdependent relationship between handicrafts and Nepali culture 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">On the occasion of the fair, senior artists over 70 years of age and the best exporters of handicraft items to foreign markets will also be honoured.</span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13953', 'image' => '20211029110706_20170913113102_sect.jpg', 'article_date' => '2021-10-29 11:06:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14207', 'article_category_id' => '1', 'title' => 'Government to Promote Green Energy', 'sub_title' => '', 'summary' => 'October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project. </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"">A meeting of the Council of Ministers on Thursday (October 28) took a decision to this effect.</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"">Government Spokesperson Gyanendra Bahadur Karki, who is also the minister for information and communication technology, shared that the meeting decided to approve long-term zero emission strategy and the National Adaptation Plan to mitigate the impact of climate change. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a high-level delegation led by Prime Minister Sher Bahadur Deuba will be leaving for the UK today (October 29) to attend the United Nation's global climate summit COP 20 being held in Glasgow from October 31 to November 12 . </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"">Minister for Forest and Environment, Ramsahaya Prasad Yadav and high level officials from the ministry are also attending the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is preparing to raise the issues of climate crisis faced by Least Developed Countries (LDCs) during the global event. Nepal is one of the vulnerable countries to climate change and will be presenting reports on issues of loss and damage caused by climate change, adaptation capacity, climate economy, mountain ecosystem among others. </span><br /> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13952', 'image' => '20211029081639_20200824035450_unnamed.jpg', 'article_date' => '2021-10-29 08:16:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14206', 'article_category_id' => '1', 'title' => 'Government to Provide up to 65 Percent Subsidy to Paddy Farmers', 'sub_title' => '', 'summary' => 'October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Thursday (October 28) took a decision to dole out subsidy to the farmers by classifying them into small, medium and large groups based on the area of farming, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Government Spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki informed that the farmers would be given subsidy up to 65 per cent of the total loss for the paddy farming done in 10 kattha (0.84 acre) or equal area of land plot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, farmers involved in paddy farming in 10 kathha (0.84 acre) to three bigha (5.02 acre) of land would be provided maximum of 30 per cent in subsidy while the farmers involved in farming in more than three bigha (5.02 acre) of plot would be given a maximum of 20 per cent of the loss. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the government announcement on subsidy would be given by fixing the minimum support price of the paddy. For this, a task force comprising secretary at the Office of the Prime Minister would submit the required procedure within five days for approval. </span></span></span></p> <p> </p> <p> </p> <p><br /> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13951', 'image' => '20211029080315_20210603031181125011444_pady-1024x682.jpg', 'article_date' => '2021-10-29 08:02:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14205', 'article_category_id' => '1', 'title' => 'Mid-hill Highway Unlikely to be Completed within the Extended Deadline', 'sub_title' => '', 'summary' => 'October 28: The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. ', '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"">October 28:<strong> </strong>The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. The national pride project will be delayed due to the Covid-19 pandemic as well as lack of budget while in some places the route has not been finalized yet.</span></span></span></span></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 officials informed that the target set for completion in the past has been deferred and the deadline is likely to be extended by another two years. However, the project faces an uphill battle to complete the remaining works within the extended deadline of two years as the current works progress is 68 percent in 14 years since the construction started.</span></span></span></span></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"">Demarcation of road in Gorkha and Dhading is also facing problems due to the Budhi Gandaki reservoir project. Arjun Prasad Aryal, chief of the project directorate, said that they are considering the prospect of changing the route because the proposed route will be submerged once the Budhi Gandaki project comes into operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">If the highway is constructed as per the plan, more than 900 houses have to be demolished in Kaski district. Therefore, stakeholders have been demanding a change in route to avoid demolition of those houses as the project cannot afford compensation to them.</span></span></span></span></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"">Chief of the project directorate Aryal said that 37 bridges along the proposed highway are yet to be constructed. Those bridges will be completed within a year, according to Aryal</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government's policies and programmes for the current fiscal year state that apart from widening 462 km of roads and bridges constructed by other projects, the construction works of the mid-hill highway will be completed in the next two years. The project, on the other hand, says that the current work progress indicates otherwise. </span></span></span></span></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 the government has adopted a policy not allow budget crunch for national pride projects, the Pushpalal Mid-Hill Highway as well as the postal highway project faced budget crunch last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Secretary at the Ministry of Physical Infrastructure and Transport, Rabindranath Shrestha, said that the highway is not likely be completed within the deadline considering the current progress.</span></span></span></span></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"">As of mid-October, the physical progress of the project is 58.35 percent and the financial progress is 63.85 percent. The project has spent 6.28 percent of the allocated budget this year. As of mid-October, the project has achieved 8.43 percent physical progress as per this year's target.</span></span></span></span></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 137 bridges to be constructed on the highway, 90 bridges have been completed so far. Currently, 20 bridges are under construction and 27 are under the process of signing contracts.</span></span></span></span></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"">As an alternative to the East-West Highway, the starting point of the highway is Chiobhanjyang of Panchthar district and the last point is Jhulaghat of Baitadi.</span></span></span></span></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 highway connecting 26 districts of the mid-hills will build new cities in different places. The project was started in the fiscal year 2064/65 with a target to complete it within FY 2073/74. But the deadline has been pushed to FY 2079/80.</span></span></span></span></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 initial cost of the project was estimated to be Rs 33.36 billion while the revised cost is Rs 84.33 billion. </span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13950', 'image' => '20211028124139_high.jpg', 'article_date' => '2021-10-28 12:40:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14204', 'article_category_id' => '1', 'title' => 'Traders Hike Price of Sugar Arbitrarily on the eve of Festive Season', 'sub_title' => '', 'summary' => 'October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season. The price of sugar, which was Rs 90 per kg before Dashain, has gone up to Rs 95 to Rs 100 per kg ahead of Tihar.</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 price of sugar has been increased arbitrarily in collusion between big traders and middlemen. It has been found that the price of sugar varies from shop to shop. Sunaina Maharjan, who came to Kirtipur's Naya Bazaar for shopping for Tihar on Wednesday, bought 3 kg of sugar at Rs 95 per kg. Premkala Maharjan, who lives near Sunaina’s house, said that she bought 5 kg of sugar at Rs 100 per kg at a shop near her house.</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"">Nepal Retail Trade Association blames the big traders and industrialists for the hike in price of sugar. Amul Kaji Tuladhar, general secretary of the association, told New Business Age that the retailers were forced to sell sugar at increased rate as the big traders started selling sugar at Rs 95 per kg to the retailers.</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"">“Retailers have to sell at Rs 105 per kg to make profit. However, we have been selling sugar at Rs 95 per kg to retain our regular customers. We have heard that some traders have sold sugar for up to Rs 100 per kg but we have told the traders not to do so,” he said.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13949', 'image' => '20211028120938_20210511045157_20201220120511_Sweet2.jpg', 'article_date' => '2021-10-28 12:08:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14203', 'article_category_id' => '1', 'title' => 'Bagmati Province to get New Chief Minister ', 'sub_title' => '', 'summary' => 'October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post.', '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"">October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post. </span></span></span></span></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"">Provincial Chief Yadav Chandra Sharma has set the deadline of October 28 to form a new government in Bagmati Province. As the resignation of Asta Laxmi Shakya has been accepted, the provincial chief has called on Provincial Assembly lawmakers with majority to form a new provincial government. </span></span></span></span></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"">Sharma has called on parties to stake a claim for the post of the chief minister as per the Article 169 (1) of the constitution, informed Rajesh Kumar Tamang, legal officer of the Bagmati Provincial Assembly Secretariat. </span></span></span></span></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"">CPN Unified Socialist leader Rajendra Prasad Pandey has claimed the post of the chief minister with the backing of 59 lawmakers. Pandey has already submitted signatures of the lawmakers. </span></span></span></span></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 provincial assembly secretariat informed that four political parties representing the Provincial Assembly have submitted signatures with a claim for the post of chief minister. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13948', 'image' => '20211028115911_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2021-10-28 11:58:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14202', 'article_category_id' => '1', 'title' => 'National Land Commission to Provide Land to Landless Squatters from mid-January 2022 ', 'sub_title' => '', 'summary' => 'October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of the commission Keshav Niraula shared that the land would be distributed prioritizing the Dalits not having their own land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The erstwhile dissolved Landless Squatters Problems Resolution Commission, based on the applications received from the landless squatters in 40 districts and records kept in other districts, had registered 1.5 million to 1.7 million landless squatters in the country, according to Niraula. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nirauala shared that the commission, which is preparing to distribute land, will make public its plans once the legal process is completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Identification and classification of the landless squatters will be carried out in the presence of all political parties, local level representatives and civic societies, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He assured that the landless squatters' problems will be resolved from mid-January 2022. "We are planning to distribute land ownership certificates to a large number of beneficiaries." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The works undertaken by the erstwhile government will be continued following necessary investigation. The commission's undertaking should not be politically smeared, he opined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under-secretary of the commission, Mani Regmi shared that the land distribution work will be forwarded with the commission gaining a full shape. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those residing in the public land will be relocated to the legally-registered lands while those residing in the urban areas would get 130 square metres of land. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13947', 'image' => '20211028110614_new_logo.jpg', 'article_date' => '2021-10-28 08:45:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '14216', 'article_category_id' => '1', 'title' => 'PM Deuba Urges NRNs in UK to Invest for 'Motherland's Development' ', 'sub_title' => '', 'summary' => 'October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PM, during a programme organised in London on Saturday by UK Chapter of Non-Resident Nepalis Association (NRNA), expressed readiness to support the investors for investments in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba made his views clear that the issues of Nepali citizenship and visa to the NRNs should be passed from the parliament following a political consensus among the political parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, patron of NRNA UK chapter Sher Bahadur Sunar drew PM Deuba’s attention to take special efforts to resolve the problems of ex-Gurkha servicemen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, president of NRNA UK chapter Prem Gahamagar called for making investment-friendly environment in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba is currently in the UK leading a Nepali delegation to attend the World Leaders' Summit in the 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC). The COP26 is taking place in Glasgow city of Scotland, from October 31 to November 12. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-31', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13961', 'image' => '20211031081335_20160513034506_editor.jpg', 'article_date' => '2021-10-31 08:12:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14215', 'article_category_id' => '1', 'title' => 'Fundamentals of Business', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Ashutosh Tiwari</span></span></em></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Founder, Safal Partners</span></span></em></span></span></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"">Entrepreneurship means asking questions why something has not happened and has happened and how things can be made better. Raising questions over things happening around us helps to develop entrepreneurial thinking. Asking questions is the best way to learn and develop deeper understanding. </span></span></span></span></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"">Entrepreneurship is a high-risk/high reward game. The game is not for everyone. Different people find their entrepreneurial skills at different ages. Nor it is not bound by any educational backgrounds. We shouldn't compare ourselves to other countries in terms of success and starting business. Being successful at your native place is a great thing. </span></span></span></span></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"">Hard work, intelligence, teamwork, eagerness to learn, raising questions and starting from ignorance are some of the factors to be successful. There are some fundamentals that should be considered while starting business and after starting business. Starting a business in any sector that lacks competition is a high risk one. Investors would not be attracted to invest in businesses devoid of competition. In general, business with competitors would succeed. Competition helps to learn and make service seekers understand about the business quickly. </span></span></span></span></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"">Secondly, business plans need to be changed throughout various spans of time according to the needs of the market. The plan needs to point out their specific customers. Customers are in fact your means of earning. It is important to discover your marketing channels. How will customers know about your product? Always be marketing. Most of our businesses are way behind in terms of marketing. We are asked not to boast about ourselves/our product which doesn't hold true in business. Marketing is not about sales. In fact, it boosts your sales. </span></span></span></span></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"">Entrepreneurs should have a far-sighted vision which should not be determined by money. Profit is just a by-product. They need to be clear what product/services they are selling. You need to understand whether your service/product is painkiller or vitamin. It is more difficult to sell painkillers than vitamins. </span></span></span></span></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"">Startups often complain about their employees not working well. Meanwhile, forming a team and deploying them in a productive manner is also a skill. Many of us don't know how to work in a team as we are taught individual skills from a young age. </span></span></span></span></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"">Most of the startups fail because of lack of finances. Investors are now finally interested in investing in entrepreneurship which is a good thing. While starting a business you need to arrange finances to survive for the first eighteen months. I suggest leaving the business if you can't sustain the business for the first eighteen months. You should focus on honing your entrepreneurial thoughts instead of sticking to a failing business. I also recommend not to start a business from your own funds but rather raise the funds. And any entrepreneur should learn basic accounting and finance skills. </span></span></span></span></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"">Startups need to understand if their products are liked by their customers beyond your friends and family circle. Expand your network of investors, board of advisors. They will help you with different perspectives on business and attracting investment. Entrepreneurship is a learning game. Reflecting on your past experiences, learning from it helps you to excel the way forward. </span></span></span></span></p> <p><em>(Views expressed during an interactive training of NewBiz Startup Summit and Awards 2021)</em><br /> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13960', 'image' => '20211030081832_1A1A3475.JPG', 'article_date' => '2021-10-30 08:18:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14214', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30).', '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"">October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30). </span></span></span></span></p> <p><span 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 state-owned oil monopoly has increased the prices of petrol, diesel and kerosene each by Rs 3 per liter. With the price hike, the price of petrol has gone up to Rs 133 per liter while diesel and kerosene will now cost Rs 116 per liter.</span></span></span></span></p> <p><span 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 price of cooking gas has been increased by Rs 50 per cylinder to Rs 1,500.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of aviation turbine fuel has also been increased by Rs 10 per liter both for domestic and international flights. According to the new price list, aviation fuel for domestic flights will now cost US$ 96 per kiloletre while the price of international aviation fuel has been fixed at US$ 885 per kiloliter. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the NOC, the prices have been revised as per the new list received from the Indian Oil Corporation.</span></span></span></span></p> <p><span 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 last time NOC had increased the prices of petrol, diesel and kerosene was on August 23<strong>. </strong>Despite the announcement, NOC is yet to update the price list on its website. Below is the list of price hike taken from the website of NOC:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""><img alt="" src="/app/webroot/userfiles/images/Untitled%284%29.jpg" style="height:483px; width:800px" /></span></span></span></span></p> <p><span style="font-size:12px"><em><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Source: NOC</span></span></em></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '13959', 'image' => '20211030080715_202609_20190503125003_Petrol-Price-Increase.jpg', 'article_date' => '2021-10-30 08:06:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14213', 'article_category_id' => '1', 'title' => 'Interactive Training of NewBiz Startup Summit and Awards 2021 Concludes', 'sub_title' => 'Special training for startups held in the lead up to ‘NewBiz Startup Summit & Awards 2021’', 'summary' => 'October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups. The interactive training program was held in Kathmandu as part of the ‘Kumari Bank NewBiz Startup Summit & Awards 2021’. The event was attended by more than 1,500 entrepreneurs through virtual as well as physical means.</span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/IMG_4271%281%29.JPG" style="height:266px; width:400px" /></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the training session, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Ranjit Acharya said that it’s time for the government to clearly define “startups”. He further said that the government should bring additional policy to develop the startup sector.</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"">Acharya added that one should not wait for the right time to start a venture. “Right time to start a startup business is now. Entrepreneurs should be able to adapt to any situation and time. Only then can a person become an entrepreneur,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of the National Innovation Center Dr Mahabir Pun pointed towards our society as the main reason for the lack of entrepreneurship development. Stating that entrepreneurship has not developed in the country as there is a lack of entrepreneurship culture, he said, “There is still a trend of going abroad among the Nepalis. Now, in order to develop entrepreneurship, we need to develop entrepreneurship culture, especially startup. You can't become a startup entrepreneur just by continuing the work done by your parents.”</span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3568%281%29.JPG" style="height:266px; width:400px" /></p> <p><em>Dr Mahabir Pun, President, National Innovation Centre</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Magsaysay Award winner Pun added that the government representatives need to carefully study about startups and entrepreneurship. “Those who lead from the society without entrepreneurial culture cannot understand startup business and will not be able to bring a relevant policy and implement it. Therefore, they need to study this issue now,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also expressed his commitment to help any startup entrepreneur through his innovation center. “We will help to raise capital investment if you have plans for business,” he said, adding, “We are ready to help with ideas, but one has to work hard.”</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"">Likewise, Ashutosh Tiwari, founder of Safal Partners, said that getting into entrepreneurship is like jumping into an ocean. "Entrepreneurship is a risky sector in itself. However, even if the risk is high, the possibility of return is equally high, so don't panic.”</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"">He also said that age, religion or caste does not stop one from becoming an entrepreneur. Nor, it is not necessary to study in the US to become an entrepreneur. “Anyone can start a venture. Even if it fails, it is not bad in itself. Rather we can learn from that failure and start another one,” he added.</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 addition, Amit Agrawal, co-founder and director of Khalti Digital Wallet, said that some areas of the country are still lagging behind in development of digital payment. “Even Kathmandu’s drinking water bill has not been digitized yet. We have not been able to provide our services there even if we wanted to,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Khalti will be transformed into a public company in the upcoming fiscal year, Agrawal said that an IPO will be issued to the public within three years.</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"">Another speaker Anushka Shrestha, who is the founder of Makkuse and the winner of Miss Nepal World 2019, shared her experience of getting into a business. She said that one should not have the mentality that there is no opportunity in Nepal. “There are many possibilities. Therefore, to do something in Nepal, one has to look through the eyes of entrepreneurship,” she said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman of New Business Age Pvt Ltd, said that Newbiz Startups Summit and Awards would help startups by helping them tap the benefits that the government offers them. He also said that the event would help them get noticed and heard by investors and policymakers. </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""><img alt="" src="/app/webroot/userfiles/images/1A1A3444.JPG" style="height:237px; width:400px" /></span></span></span></p> <p><em>Madan Lamsal, Chairman, New Business Age</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We are organizing this event by focusing on entrepreneurship that aligns with the corporate mission of our organization. We want to support the economic development model led by the private sector,” said Lamsal, who is also the editor-in-chief of New Business Age. “International organizations, banking sector, private sector and government are making efforts to promote and support startups. They had helped them to some extent. But, that is not enough. This event is to complement those initiatives,” he added. </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 final selection of the winners for the NewBiz Startup Summit and Award 2021 will be completed by November 16 and the grand finale will be held on November 26. As per the organisers, a jury of independent experts has been formed for the selection and the process has already started.</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 main sponsor of NewBiz Startup Summit and Award is Kumari Bank Limited and the co-sponsor is Garima Bikas Bank Limited. Likewise, the Federation of Nepalese Chambers of Commerce and Industry and Nepalese Young Entrepreneurs Forum (NYEF) are associate partners of the Summit and Awards. Similarly, the awards programme has been supported by IME and NLG Insurance Company Limited. The technical partner of the program is Mango Tech. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3439.JPG" style="height:533px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3521.JPG" style="height:515px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3586.JPG" style="height:505px; width:800px" /></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13958', 'image' => '20211029103136_1A1A3590 (1).JPG', 'article_date' => '2021-10-29 22:30:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14212', 'article_category_id' => '1', 'title' => 'Nepal Electricity Authority Urges ISPs to Sign Agreement within mid-November', 'sub_title' => '', 'summary' => 'October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Issuing a statement, the NEA urged the ISPs to sign agreements in this regard within the given deadline. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA has urged the service providers that have been using the electricity poles of NEA without any authorization to declare the locations, quantity and timeframe of the unauthorized use themselves and come forward for an agreement within mid-November.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It may be noted that the NEA had removed internet cables from its poles in early October after the ISPs failed to clear their overdue amount for using the poles. This had led to a brief disruption in internet services in many places across the country until the government intervened and provided a timeframe to resolve the issue.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA and ISPs are at loggerheads since a long time after the NEA increased the rental charge of utility poles. ISPs have been saying that the move would result in an increase in internet fare for the consumer, which is against the concept of Digital Nepal envisaged by the government.</span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13957', 'image' => '20211029123534_20211004075355_internet_image.jpg', 'article_date' => '2021-10-29 12:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14211', 'article_category_id' => '1', 'title' => 'FNCCI Welcomes Reduction in Power Tariff Rates', 'sub_title' => '', 'summary' => 'October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. ', '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 Unicode MS","sans-serif"">October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The federation has stated that the reduction in electricity tariff will provide more relief to the industries and businesses in crisis due to the coronavirus pandemic. It may be noted that the FNCCI had been demanding not to increase the electricity demand fee. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the private sector was encouraged by the decision not to increase the demand fee, the FNCCI thanked the Minister for Energy, Water Resources and Irrigation, officials of the ministry, Electricity Regulatory Commission and Electricity Authority. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> "We are confident that this decision will help expand economic activities, albeit to some extent," the federation said in a statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI added that tariffs for industries should be cheaper to increase electricity consumption and also help create a competitive market and reduce trade deficits. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13956', 'image' => '20211029121543_20191101092421_aaaa.jpg', 'article_date' => '2021-10-29 12:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14210', 'article_category_id' => '1', 'title' => 'Trader Fined for Inappropriate Business Activities', 'sub_title' => '', 'summary' => 'October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label. A joint inspection team slapped a fine of Rs 200,000 when the team found seventeen sacks of sugar in the packet of rice. Of them, two sacks of sugar were being sold. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Santosh Pokhrel, head of the DOCSCP, Biratnagar Office said a trader named Rahul Kumar Shah has been fined for inappropriate business activities. It was found that the trader imported most of the items from Indian market and did not have any VAT bill. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Likewise, Bishnu Sweets located in Itahari has been fined Rs 20,000 for selling rotten sweets. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Pokhrel said that the department has instructed to clean the kitchen area of Gorkha Kitchen located above the Gorkha Department Store. Natraj Sweet and Chaat House of Itahari has also been instructed to improve on the cleanliness front. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Government officials have stepped up market monitoring for the festive season. However, consumer rights groups complain that malpractices are taking place unabetted.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13955', 'image' => '20211029113659_20210314113942_Clipboard02(7).jpg', 'article_date' => '2021-10-29 11:36:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14209', 'article_category_id' => '1', 'title' => 'Investment Board Nepal to Study a Dozen New Projects', 'sub_title' => '', 'summary' => 'October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The board, which has approved investments for 28 projects since its establishment, has started studying new projects to expand the scope of investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the IBN, projects have been selected and studied from all the provinces for fair and uniform development in all the states. The 10 projects studied in the seven provinces include Taltalaiya, a multipurpose project in Province 1, Janaki Heritage Hotel and Cultural Village in Province 2, Bus Rapid Transit on Ring Road in Bagmati province, Dhulikhel Medicity and Dolakha Film City. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, the Board has started studying the International Convention Center in Gandaki, Pokhara, Gautam Buddha Maternity Hospital in Lumbini, Karnali Integrated Herbal Processing in Karnali, Far Western Public Transport in Far West, and Khaptad Integrated Tourism Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the officials of the Board, the study of these projects will help the investors to show the new projects and inform them about the estimated cost of these projects as well as the possible benefits. Sushil Bhatta, CEO of the Board said that they will start raising funds after conducting necessary study.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">After the establishment of the office of Investment Board, investment amount of Rs 8 billion has been approved for 28 projects. However, only a small amount of the approved investment has actually been invested till date. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board established in 2068 BS had approved the investment for the Dangote Cement Industry in 2070 BS. However, its investors have already returned. The board had approved investments for 28 industries in six sectors including energy, manufacturing, mining, tourism and urban development. Out of the approved investments, only Hongshi Shivam Cement Industry has come into operation so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Four industries that include Arun 3 Hydro Power Company, Upper Trishuli 1, Huaxin Cement and Waste to Energy Project are under construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board has approved five more projects. These include China-Nepal Friendship Industrial Park, Vehicle Manufacturing and Assembling Plant, Dang Cement, Smart Cement and Upper Marsyangdi Hydro Power. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13954', 'image' => '20211029112151_20210823044910_MG_3290.jpg', 'article_date' => '2021-10-29 11:21:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14208', 'article_category_id' => '1', 'title' => 'Handicraft Fair in November', 'sub_title' => '', 'summary' => 'October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks. The Federation of Handicraft Associations of Nepal (FHAN) is going to organise the fair at the Hayat Regency Hotel, Bouddha from November 19 to 21.</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 trade fair used to be organised at Bhrikutimandap in the previous years. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Organising a press meet on Thursday, the federation said it expects the fair to play an important role in reviving the domestic as well as international market of handicraft. The handicraft market has been badly affected by the impacts of Covid-19 pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Prime Minister Sher Bahadur Deuba is scheduled to inaugurate the fair. The fair co-ordinator, Rabindra Shakya informed that high-ranking government officials, exporters as well as ambassadors of different countries have been invited to the fair.</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 fair will have 120 stalls of various handicraft items. Rajman Bajracharya, the coordinator of craft competition informed that the different gifts would be given away to the participants of the craft competition.</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 main objective of the fair is to promote the domestic and international market of Nepali handicraft and other manufactured goods, and to develop business relations between Nepali entrepreneurs and foreign handicraft importers.</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 purpose of the fair is to provide a favourable environment for gathering national and international buyers and sellers all in one place, to provide market access to new entrepreneurs, and to highlight the interdependent relationship between handicrafts and Nepali culture 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">On the occasion of the fair, senior artists over 70 years of age and the best exporters of handicraft items to foreign markets will also be honoured.</span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13953', 'image' => '20211029110706_20170913113102_sect.jpg', 'article_date' => '2021-10-29 11:06:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14207', 'article_category_id' => '1', 'title' => 'Government to Promote Green Energy', 'sub_title' => '', 'summary' => 'October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project. </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"">A meeting of the Council of Ministers on Thursday (October 28) took a decision to this effect.</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"">Government Spokesperson Gyanendra Bahadur Karki, who is also the minister for information and communication technology, shared that the meeting decided to approve long-term zero emission strategy and the National Adaptation Plan to mitigate the impact of climate change. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a high-level delegation led by Prime Minister Sher Bahadur Deuba will be leaving for the UK today (October 29) to attend the United Nation's global climate summit COP 20 being held in Glasgow from October 31 to November 12 . </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"">Minister for Forest and Environment, Ramsahaya Prasad Yadav and high level officials from the ministry are also attending the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is preparing to raise the issues of climate crisis faced by Least Developed Countries (LDCs) during the global event. Nepal is one of the vulnerable countries to climate change and will be presenting reports on issues of loss and damage caused by climate change, adaptation capacity, climate economy, mountain ecosystem among others. </span><br /> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13952', 'image' => '20211029081639_20200824035450_unnamed.jpg', 'article_date' => '2021-10-29 08:16:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14206', 'article_category_id' => '1', 'title' => 'Government to Provide up to 65 Percent Subsidy to Paddy Farmers', 'sub_title' => '', 'summary' => 'October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Thursday (October 28) took a decision to dole out subsidy to the farmers by classifying them into small, medium and large groups based on the area of farming, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Government Spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki informed that the farmers would be given subsidy up to 65 per cent of the total loss for the paddy farming done in 10 kattha (0.84 acre) or equal area of land plot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, farmers involved in paddy farming in 10 kathha (0.84 acre) to three bigha (5.02 acre) of land would be provided maximum of 30 per cent in subsidy while the farmers involved in farming in more than three bigha (5.02 acre) of plot would be given a maximum of 20 per cent of the loss. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the government announcement on subsidy would be given by fixing the minimum support price of the paddy. For this, a task force comprising secretary at the Office of the Prime Minister would submit the required procedure within five days for approval. </span></span></span></p> <p> </p> <p> </p> <p><br /> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13951', 'image' => '20211029080315_20210603031181125011444_pady-1024x682.jpg', 'article_date' => '2021-10-29 08:02:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14205', 'article_category_id' => '1', 'title' => 'Mid-hill Highway Unlikely to be Completed within the Extended Deadline', 'sub_title' => '', 'summary' => 'October 28: The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. ', '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"">October 28:<strong> </strong>The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. The national pride project will be delayed due to the Covid-19 pandemic as well as lack of budget while in some places the route has not been finalized yet.</span></span></span></span></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 officials informed that the target set for completion in the past has been deferred and the deadline is likely to be extended by another two years. However, the project faces an uphill battle to complete the remaining works within the extended deadline of two years as the current works progress is 68 percent in 14 years since the construction started.</span></span></span></span></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"">Demarcation of road in Gorkha and Dhading is also facing problems due to the Budhi Gandaki reservoir project. Arjun Prasad Aryal, chief of the project directorate, said that they are considering the prospect of changing the route because the proposed route will be submerged once the Budhi Gandaki project comes into operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">If the highway is constructed as per the plan, more than 900 houses have to be demolished in Kaski district. Therefore, stakeholders have been demanding a change in route to avoid demolition of those houses as the project cannot afford compensation to them.</span></span></span></span></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"">Chief of the project directorate Aryal said that 37 bridges along the proposed highway are yet to be constructed. Those bridges will be completed within a year, according to Aryal</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government's policies and programmes for the current fiscal year state that apart from widening 462 km of roads and bridges constructed by other projects, the construction works of the mid-hill highway will be completed in the next two years. The project, on the other hand, says that the current work progress indicates otherwise. </span></span></span></span></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 the government has adopted a policy not allow budget crunch for national pride projects, the Pushpalal Mid-Hill Highway as well as the postal highway project faced budget crunch last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Secretary at the Ministry of Physical Infrastructure and Transport, Rabindranath Shrestha, said that the highway is not likely be completed within the deadline considering the current progress.</span></span></span></span></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"">As of mid-October, the physical progress of the project is 58.35 percent and the financial progress is 63.85 percent. The project has spent 6.28 percent of the allocated budget this year. As of mid-October, the project has achieved 8.43 percent physical progress as per this year's target.</span></span></span></span></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 137 bridges to be constructed on the highway, 90 bridges have been completed so far. Currently, 20 bridges are under construction and 27 are under the process of signing contracts.</span></span></span></span></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"">As an alternative to the East-West Highway, the starting point of the highway is Chiobhanjyang of Panchthar district and the last point is Jhulaghat of Baitadi.</span></span></span></span></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 highway connecting 26 districts of the mid-hills will build new cities in different places. The project was started in the fiscal year 2064/65 with a target to complete it within FY 2073/74. But the deadline has been pushed to FY 2079/80.</span></span></span></span></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 initial cost of the project was estimated to be Rs 33.36 billion while the revised cost is Rs 84.33 billion. </span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13950', 'image' => '20211028124139_high.jpg', 'article_date' => '2021-10-28 12:40:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14204', 'article_category_id' => '1', 'title' => 'Traders Hike Price of Sugar Arbitrarily on the eve of Festive Season', 'sub_title' => '', 'summary' => 'October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season. The price of sugar, which was Rs 90 per kg before Dashain, has gone up to Rs 95 to Rs 100 per kg ahead of Tihar.</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 price of sugar has been increased arbitrarily in collusion between big traders and middlemen. It has been found that the price of sugar varies from shop to shop. Sunaina Maharjan, who came to Kirtipur's Naya Bazaar for shopping for Tihar on Wednesday, bought 3 kg of sugar at Rs 95 per kg. Premkala Maharjan, who lives near Sunaina’s house, said that she bought 5 kg of sugar at Rs 100 per kg at a shop near her house.</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"">Nepal Retail Trade Association blames the big traders and industrialists for the hike in price of sugar. Amul Kaji Tuladhar, general secretary of the association, told New Business Age that the retailers were forced to sell sugar at increased rate as the big traders started selling sugar at Rs 95 per kg to the retailers.</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"">“Retailers have to sell at Rs 105 per kg to make profit. However, we have been selling sugar at Rs 95 per kg to retain our regular customers. We have heard that some traders have sold sugar for up to Rs 100 per kg but we have told the traders not to do so,” he said.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13949', 'image' => '20211028120938_20210511045157_20201220120511_Sweet2.jpg', 'article_date' => '2021-10-28 12:08:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14203', 'article_category_id' => '1', 'title' => 'Bagmati Province to get New Chief Minister ', 'sub_title' => '', 'summary' => 'October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post.', '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"">October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post. </span></span></span></span></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"">Provincial Chief Yadav Chandra Sharma has set the deadline of October 28 to form a new government in Bagmati Province. As the resignation of Asta Laxmi Shakya has been accepted, the provincial chief has called on Provincial Assembly lawmakers with majority to form a new provincial government. </span></span></span></span></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"">Sharma has called on parties to stake a claim for the post of the chief minister as per the Article 169 (1) of the constitution, informed Rajesh Kumar Tamang, legal officer of the Bagmati Provincial Assembly Secretariat. </span></span></span></span></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"">CPN Unified Socialist leader Rajendra Prasad Pandey has claimed the post of the chief minister with the backing of 59 lawmakers. Pandey has already submitted signatures of the lawmakers. </span></span></span></span></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 provincial assembly secretariat informed that four political parties representing the Provincial Assembly have submitted signatures with a claim for the post of chief minister. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13948', 'image' => '20211028115911_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2021-10-28 11:58:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14202', 'article_category_id' => '1', 'title' => 'National Land Commission to Provide Land to Landless Squatters from mid-January 2022 ', 'sub_title' => '', 'summary' => 'October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of the commission Keshav Niraula shared that the land would be distributed prioritizing the Dalits not having their own land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The erstwhile dissolved Landless Squatters Problems Resolution Commission, based on the applications received from the landless squatters in 40 districts and records kept in other districts, had registered 1.5 million to 1.7 million landless squatters in the country, according to Niraula. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nirauala shared that the commission, which is preparing to distribute land, will make public its plans once the legal process is completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Identification and classification of the landless squatters will be carried out in the presence of all political parties, local level representatives and civic societies, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He assured that the landless squatters' problems will be resolved from mid-January 2022. "We are planning to distribute land ownership certificates to a large number of beneficiaries." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The works undertaken by the erstwhile government will be continued following necessary investigation. The commission's undertaking should not be politically smeared, he opined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under-secretary of the commission, Mani Regmi shared that the land distribution work will be forwarded with the commission gaining a full shape. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those residing in the public land will be relocated to the legally-registered lands while those residing in the urban areas would get 130 square metres of land. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13947', 'image' => '20211028110614_new_logo.jpg', 'article_date' => '2021-10-28 08:45:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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' => '14216', 'article_category_id' => '1', 'title' => 'PM Deuba Urges NRNs in UK to Invest for 'Motherland's Development' ', 'sub_title' => '', 'summary' => 'October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PM, during a programme organised in London on Saturday by UK Chapter of Non-Resident Nepalis Association (NRNA), expressed readiness to support the investors for investments in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba made his views clear that the issues of Nepali citizenship and visa to the NRNs should be passed from the parliament following a political consensus among the political parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, patron of NRNA UK chapter Sher Bahadur Sunar drew PM Deuba’s attention to take special efforts to resolve the problems of ex-Gurkha servicemen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, president of NRNA UK chapter Prem Gahamagar called for making investment-friendly environment in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba is currently in the UK leading a Nepali delegation to attend the World Leaders' Summit in the 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC). The COP26 is taking place in Glasgow city of Scotland, from October 31 to November 12. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-31', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13961', 'image' => '20211031081335_20160513034506_editor.jpg', 'article_date' => '2021-10-31 08:12:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14215', 'article_category_id' => '1', 'title' => 'Fundamentals of Business', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Ashutosh Tiwari</span></span></em></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Founder, Safal Partners</span></span></em></span></span></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"">Entrepreneurship means asking questions why something has not happened and has happened and how things can be made better. Raising questions over things happening around us helps to develop entrepreneurial thinking. Asking questions is the best way to learn and develop deeper understanding. </span></span></span></span></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"">Entrepreneurship is a high-risk/high reward game. The game is not for everyone. Different people find their entrepreneurial skills at different ages. Nor it is not bound by any educational backgrounds. We shouldn't compare ourselves to other countries in terms of success and starting business. Being successful at your native place is a great thing. </span></span></span></span></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"">Hard work, intelligence, teamwork, eagerness to learn, raising questions and starting from ignorance are some of the factors to be successful. There are some fundamentals that should be considered while starting business and after starting business. Starting a business in any sector that lacks competition is a high risk one. Investors would not be attracted to invest in businesses devoid of competition. In general, business with competitors would succeed. Competition helps to learn and make service seekers understand about the business quickly. </span></span></span></span></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"">Secondly, business plans need to be changed throughout various spans of time according to the needs of the market. The plan needs to point out their specific customers. Customers are in fact your means of earning. It is important to discover your marketing channels. How will customers know about your product? Always be marketing. Most of our businesses are way behind in terms of marketing. We are asked not to boast about ourselves/our product which doesn't hold true in business. Marketing is not about sales. In fact, it boosts your sales. </span></span></span></span></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"">Entrepreneurs should have a far-sighted vision which should not be determined by money. Profit is just a by-product. They need to be clear what product/services they are selling. You need to understand whether your service/product is painkiller or vitamin. It is more difficult to sell painkillers than vitamins. </span></span></span></span></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"">Startups often complain about their employees not working well. Meanwhile, forming a team and deploying them in a productive manner is also a skill. Many of us don't know how to work in a team as we are taught individual skills from a young age. </span></span></span></span></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"">Most of the startups fail because of lack of finances. Investors are now finally interested in investing in entrepreneurship which is a good thing. While starting a business you need to arrange finances to survive for the first eighteen months. I suggest leaving the business if you can't sustain the business for the first eighteen months. You should focus on honing your entrepreneurial thoughts instead of sticking to a failing business. I also recommend not to start a business from your own funds but rather raise the funds. And any entrepreneur should learn basic accounting and finance skills. </span></span></span></span></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"">Startups need to understand if their products are liked by their customers beyond your friends and family circle. Expand your network of investors, board of advisors. They will help you with different perspectives on business and attracting investment. Entrepreneurship is a learning game. Reflecting on your past experiences, learning from it helps you to excel the way forward. </span></span></span></span></p> <p><em>(Views expressed during an interactive training of NewBiz Startup Summit and Awards 2021)</em><br /> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13960', 'image' => '20211030081832_1A1A3475.JPG', 'article_date' => '2021-10-30 08:18:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14214', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30).', '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"">October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30). </span></span></span></span></p> <p><span 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 state-owned oil monopoly has increased the prices of petrol, diesel and kerosene each by Rs 3 per liter. With the price hike, the price of petrol has gone up to Rs 133 per liter while diesel and kerosene will now cost Rs 116 per liter.</span></span></span></span></p> <p><span 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 price of cooking gas has been increased by Rs 50 per cylinder to Rs 1,500.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of aviation turbine fuel has also been increased by Rs 10 per liter both for domestic and international flights. According to the new price list, aviation fuel for domestic flights will now cost US$ 96 per kiloletre while the price of international aviation fuel has been fixed at US$ 885 per kiloliter. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the NOC, the prices have been revised as per the new list received from the Indian Oil Corporation.</span></span></span></span></p> <p><span 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 last time NOC had increased the prices of petrol, diesel and kerosene was on August 23<strong>. </strong>Despite the announcement, NOC is yet to update the price list on its website. Below is the list of price hike taken from the website of NOC:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""><img alt="" src="/app/webroot/userfiles/images/Untitled%284%29.jpg" style="height:483px; width:800px" /></span></span></span></span></p> <p><span style="font-size:12px"><em><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Source: NOC</span></span></em></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '13959', 'image' => '20211030080715_202609_20190503125003_Petrol-Price-Increase.jpg', 'article_date' => '2021-10-30 08:06:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14213', 'article_category_id' => '1', 'title' => 'Interactive Training of NewBiz Startup Summit and Awards 2021 Concludes', 'sub_title' => 'Special training for startups held in the lead up to ‘NewBiz Startup Summit & Awards 2021’', 'summary' => 'October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups. The interactive training program was held in Kathmandu as part of the ‘Kumari Bank NewBiz Startup Summit & Awards 2021’. The event was attended by more than 1,500 entrepreneurs through virtual as well as physical means.</span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/IMG_4271%281%29.JPG" style="height:266px; width:400px" /></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the training session, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Ranjit Acharya said that it’s time for the government to clearly define “startups”. He further said that the government should bring additional policy to develop the startup sector.</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"">Acharya added that one should not wait for the right time to start a venture. “Right time to start a startup business is now. Entrepreneurs should be able to adapt to any situation and time. Only then can a person become an entrepreneur,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of the National Innovation Center Dr Mahabir Pun pointed towards our society as the main reason for the lack of entrepreneurship development. Stating that entrepreneurship has not developed in the country as there is a lack of entrepreneurship culture, he said, “There is still a trend of going abroad among the Nepalis. Now, in order to develop entrepreneurship, we need to develop entrepreneurship culture, especially startup. You can't become a startup entrepreneur just by continuing the work done by your parents.”</span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3568%281%29.JPG" style="height:266px; width:400px" /></p> <p><em>Dr Mahabir Pun, President, National Innovation Centre</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Magsaysay Award winner Pun added that the government representatives need to carefully study about startups and entrepreneurship. “Those who lead from the society without entrepreneurial culture cannot understand startup business and will not be able to bring a relevant policy and implement it. Therefore, they need to study this issue now,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also expressed his commitment to help any startup entrepreneur through his innovation center. “We will help to raise capital investment if you have plans for business,” he said, adding, “We are ready to help with ideas, but one has to work hard.”</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"">Likewise, Ashutosh Tiwari, founder of Safal Partners, said that getting into entrepreneurship is like jumping into an ocean. "Entrepreneurship is a risky sector in itself. However, even if the risk is high, the possibility of return is equally high, so don't panic.”</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"">He also said that age, religion or caste does not stop one from becoming an entrepreneur. Nor, it is not necessary to study in the US to become an entrepreneur. “Anyone can start a venture. Even if it fails, it is not bad in itself. Rather we can learn from that failure and start another one,” he added.</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 addition, Amit Agrawal, co-founder and director of Khalti Digital Wallet, said that some areas of the country are still lagging behind in development of digital payment. “Even Kathmandu’s drinking water bill has not been digitized yet. We have not been able to provide our services there even if we wanted to,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Khalti will be transformed into a public company in the upcoming fiscal year, Agrawal said that an IPO will be issued to the public within three years.</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"">Another speaker Anushka Shrestha, who is the founder of Makkuse and the winner of Miss Nepal World 2019, shared her experience of getting into a business. She said that one should not have the mentality that there is no opportunity in Nepal. “There are many possibilities. Therefore, to do something in Nepal, one has to look through the eyes of entrepreneurship,” she said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman of New Business Age Pvt Ltd, said that Newbiz Startups Summit and Awards would help startups by helping them tap the benefits that the government offers them. He also said that the event would help them get noticed and heard by investors and policymakers. </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""><img alt="" src="/app/webroot/userfiles/images/1A1A3444.JPG" style="height:237px; width:400px" /></span></span></span></p> <p><em>Madan Lamsal, Chairman, New Business Age</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We are organizing this event by focusing on entrepreneurship that aligns with the corporate mission of our organization. We want to support the economic development model led by the private sector,” said Lamsal, who is also the editor-in-chief of New Business Age. “International organizations, banking sector, private sector and government are making efforts to promote and support startups. They had helped them to some extent. But, that is not enough. This event is to complement those initiatives,” he added. </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 final selection of the winners for the NewBiz Startup Summit and Award 2021 will be completed by November 16 and the grand finale will be held on November 26. As per the organisers, a jury of independent experts has been formed for the selection and the process has already started.</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 main sponsor of NewBiz Startup Summit and Award is Kumari Bank Limited and the co-sponsor is Garima Bikas Bank Limited. Likewise, the Federation of Nepalese Chambers of Commerce and Industry and Nepalese Young Entrepreneurs Forum (NYEF) are associate partners of the Summit and Awards. Similarly, the awards programme has been supported by IME and NLG Insurance Company Limited. The technical partner of the program is Mango Tech. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3439.JPG" style="height:533px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3521.JPG" style="height:515px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3586.JPG" style="height:505px; width:800px" /></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13958', 'image' => '20211029103136_1A1A3590 (1).JPG', 'article_date' => '2021-10-29 22:30:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14212', 'article_category_id' => '1', 'title' => 'Nepal Electricity Authority Urges ISPs to Sign Agreement within mid-November', 'sub_title' => '', 'summary' => 'October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Issuing a statement, the NEA urged the ISPs to sign agreements in this regard within the given deadline. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA has urged the service providers that have been using the electricity poles of NEA without any authorization to declare the locations, quantity and timeframe of the unauthorized use themselves and come forward for an agreement within mid-November.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It may be noted that the NEA had removed internet cables from its poles in early October after the ISPs failed to clear their overdue amount for using the poles. This had led to a brief disruption in internet services in many places across the country until the government intervened and provided a timeframe to resolve the issue.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA and ISPs are at loggerheads since a long time after the NEA increased the rental charge of utility poles. ISPs have been saying that the move would result in an increase in internet fare for the consumer, which is against the concept of Digital Nepal envisaged by the government.</span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13957', 'image' => '20211029123534_20211004075355_internet_image.jpg', 'article_date' => '2021-10-29 12:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14211', 'article_category_id' => '1', 'title' => 'FNCCI Welcomes Reduction in Power Tariff Rates', 'sub_title' => '', 'summary' => 'October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. ', '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 Unicode MS","sans-serif"">October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The federation has stated that the reduction in electricity tariff will provide more relief to the industries and businesses in crisis due to the coronavirus pandemic. It may be noted that the FNCCI had been demanding not to increase the electricity demand fee. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the private sector was encouraged by the decision not to increase the demand fee, the FNCCI thanked the Minister for Energy, Water Resources and Irrigation, officials of the ministry, Electricity Regulatory Commission and Electricity Authority. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> "We are confident that this decision will help expand economic activities, albeit to some extent," the federation said in a statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI added that tariffs for industries should be cheaper to increase electricity consumption and also help create a competitive market and reduce trade deficits. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13956', 'image' => '20211029121543_20191101092421_aaaa.jpg', 'article_date' => '2021-10-29 12:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14210', 'article_category_id' => '1', 'title' => 'Trader Fined for Inappropriate Business Activities', 'sub_title' => '', 'summary' => 'October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label. A joint inspection team slapped a fine of Rs 200,000 when the team found seventeen sacks of sugar in the packet of rice. Of them, two sacks of sugar were being sold. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Santosh Pokhrel, head of the DOCSCP, Biratnagar Office said a trader named Rahul Kumar Shah has been fined for inappropriate business activities. It was found that the trader imported most of the items from Indian market and did not have any VAT bill. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Likewise, Bishnu Sweets located in Itahari has been fined Rs 20,000 for selling rotten sweets. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Pokhrel said that the department has instructed to clean the kitchen area of Gorkha Kitchen located above the Gorkha Department Store. Natraj Sweet and Chaat House of Itahari has also been instructed to improve on the cleanliness front. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Government officials have stepped up market monitoring for the festive season. However, consumer rights groups complain that malpractices are taking place unabetted.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13955', 'image' => '20211029113659_20210314113942_Clipboard02(7).jpg', 'article_date' => '2021-10-29 11:36:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14209', 'article_category_id' => '1', 'title' => 'Investment Board Nepal to Study a Dozen New Projects', 'sub_title' => '', 'summary' => 'October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The board, which has approved investments for 28 projects since its establishment, has started studying new projects to expand the scope of investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the IBN, projects have been selected and studied from all the provinces for fair and uniform development in all the states. The 10 projects studied in the seven provinces include Taltalaiya, a multipurpose project in Province 1, Janaki Heritage Hotel and Cultural Village in Province 2, Bus Rapid Transit on Ring Road in Bagmati province, Dhulikhel Medicity and Dolakha Film City. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, the Board has started studying the International Convention Center in Gandaki, Pokhara, Gautam Buddha Maternity Hospital in Lumbini, Karnali Integrated Herbal Processing in Karnali, Far Western Public Transport in Far West, and Khaptad Integrated Tourism Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the officials of the Board, the study of these projects will help the investors to show the new projects and inform them about the estimated cost of these projects as well as the possible benefits. Sushil Bhatta, CEO of the Board said that they will start raising funds after conducting necessary study.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">After the establishment of the office of Investment Board, investment amount of Rs 8 billion has been approved for 28 projects. However, only a small amount of the approved investment has actually been invested till date. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board established in 2068 BS had approved the investment for the Dangote Cement Industry in 2070 BS. However, its investors have already returned. The board had approved investments for 28 industries in six sectors including energy, manufacturing, mining, tourism and urban development. Out of the approved investments, only Hongshi Shivam Cement Industry has come into operation so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Four industries that include Arun 3 Hydro Power Company, Upper Trishuli 1, Huaxin Cement and Waste to Energy Project are under construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board has approved five more projects. These include China-Nepal Friendship Industrial Park, Vehicle Manufacturing and Assembling Plant, Dang Cement, Smart Cement and Upper Marsyangdi Hydro Power. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13954', 'image' => '20211029112151_20210823044910_MG_3290.jpg', 'article_date' => '2021-10-29 11:21:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14208', 'article_category_id' => '1', 'title' => 'Handicraft Fair in November', 'sub_title' => '', 'summary' => 'October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks. The Federation of Handicraft Associations of Nepal (FHAN) is going to organise the fair at the Hayat Regency Hotel, Bouddha from November 19 to 21.</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 trade fair used to be organised at Bhrikutimandap in the previous years. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Organising a press meet on Thursday, the federation said it expects the fair to play an important role in reviving the domestic as well as international market of handicraft. The handicraft market has been badly affected by the impacts of Covid-19 pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Prime Minister Sher Bahadur Deuba is scheduled to inaugurate the fair. The fair co-ordinator, Rabindra Shakya informed that high-ranking government officials, exporters as well as ambassadors of different countries have been invited to the fair.</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 fair will have 120 stalls of various handicraft items. Rajman Bajracharya, the coordinator of craft competition informed that the different gifts would be given away to the participants of the craft competition.</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 main objective of the fair is to promote the domestic and international market of Nepali handicraft and other manufactured goods, and to develop business relations between Nepali entrepreneurs and foreign handicraft importers.</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 purpose of the fair is to provide a favourable environment for gathering national and international buyers and sellers all in one place, to provide market access to new entrepreneurs, and to highlight the interdependent relationship between handicrafts and Nepali culture 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">On the occasion of the fair, senior artists over 70 years of age and the best exporters of handicraft items to foreign markets will also be honoured.</span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13953', 'image' => '20211029110706_20170913113102_sect.jpg', 'article_date' => '2021-10-29 11:06:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14207', 'article_category_id' => '1', 'title' => 'Government to Promote Green Energy', 'sub_title' => '', 'summary' => 'October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project. </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"">A meeting of the Council of Ministers on Thursday (October 28) took a decision to this effect.</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"">Government Spokesperson Gyanendra Bahadur Karki, who is also the minister for information and communication technology, shared that the meeting decided to approve long-term zero emission strategy and the National Adaptation Plan to mitigate the impact of climate change. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a high-level delegation led by Prime Minister Sher Bahadur Deuba will be leaving for the UK today (October 29) to attend the United Nation's global climate summit COP 20 being held in Glasgow from October 31 to November 12 . </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"">Minister for Forest and Environment, Ramsahaya Prasad Yadav and high level officials from the ministry are also attending the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is preparing to raise the issues of climate crisis faced by Least Developed Countries (LDCs) during the global event. Nepal is one of the vulnerable countries to climate change and will be presenting reports on issues of loss and damage caused by climate change, adaptation capacity, climate economy, mountain ecosystem among others. </span><br /> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13952', 'image' => '20211029081639_20200824035450_unnamed.jpg', 'article_date' => '2021-10-29 08:16:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14206', 'article_category_id' => '1', 'title' => 'Government to Provide up to 65 Percent Subsidy to Paddy Farmers', 'sub_title' => '', 'summary' => 'October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Thursday (October 28) took a decision to dole out subsidy to the farmers by classifying them into small, medium and large groups based on the area of farming, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Government Spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki informed that the farmers would be given subsidy up to 65 per cent of the total loss for the paddy farming done in 10 kattha (0.84 acre) or equal area of land plot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, farmers involved in paddy farming in 10 kathha (0.84 acre) to three bigha (5.02 acre) of land would be provided maximum of 30 per cent in subsidy while the farmers involved in farming in more than three bigha (5.02 acre) of plot would be given a maximum of 20 per cent of the loss. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the government announcement on subsidy would be given by fixing the minimum support price of the paddy. For this, a task force comprising secretary at the Office of the Prime Minister would submit the required procedure within five days for approval. </span></span></span></p> <p> </p> <p> </p> <p><br /> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13951', 'image' => '20211029080315_20210603031181125011444_pady-1024x682.jpg', 'article_date' => '2021-10-29 08:02:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14205', 'article_category_id' => '1', 'title' => 'Mid-hill Highway Unlikely to be Completed within the Extended Deadline', 'sub_title' => '', 'summary' => 'October 28: The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. ', '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"">October 28:<strong> </strong>The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. The national pride project will be delayed due to the Covid-19 pandemic as well as lack of budget while in some places the route has not been finalized yet.</span></span></span></span></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 officials informed that the target set for completion in the past has been deferred and the deadline is likely to be extended by another two years. However, the project faces an uphill battle to complete the remaining works within the extended deadline of two years as the current works progress is 68 percent in 14 years since the construction started.</span></span></span></span></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"">Demarcation of road in Gorkha and Dhading is also facing problems due to the Budhi Gandaki reservoir project. Arjun Prasad Aryal, chief of the project directorate, said that they are considering the prospect of changing the route because the proposed route will be submerged once the Budhi Gandaki project comes into operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">If the highway is constructed as per the plan, more than 900 houses have to be demolished in Kaski district. Therefore, stakeholders have been demanding a change in route to avoid demolition of those houses as the project cannot afford compensation to them.</span></span></span></span></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"">Chief of the project directorate Aryal said that 37 bridges along the proposed highway are yet to be constructed. Those bridges will be completed within a year, according to Aryal</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government's policies and programmes for the current fiscal year state that apart from widening 462 km of roads and bridges constructed by other projects, the construction works of the mid-hill highway will be completed in the next two years. The project, on the other hand, says that the current work progress indicates otherwise. </span></span></span></span></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 the government has adopted a policy not allow budget crunch for national pride projects, the Pushpalal Mid-Hill Highway as well as the postal highway project faced budget crunch last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Secretary at the Ministry of Physical Infrastructure and Transport, Rabindranath Shrestha, said that the highway is not likely be completed within the deadline considering the current progress.</span></span></span></span></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"">As of mid-October, the physical progress of the project is 58.35 percent and the financial progress is 63.85 percent. The project has spent 6.28 percent of the allocated budget this year. As of mid-October, the project has achieved 8.43 percent physical progress as per this year's target.</span></span></span></span></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 137 bridges to be constructed on the highway, 90 bridges have been completed so far. Currently, 20 bridges are under construction and 27 are under the process of signing contracts.</span></span></span></span></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"">As an alternative to the East-West Highway, the starting point of the highway is Chiobhanjyang of Panchthar district and the last point is Jhulaghat of Baitadi.</span></span></span></span></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 highway connecting 26 districts of the mid-hills will build new cities in different places. The project was started in the fiscal year 2064/65 with a target to complete it within FY 2073/74. But the deadline has been pushed to FY 2079/80.</span></span></span></span></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 initial cost of the project was estimated to be Rs 33.36 billion while the revised cost is Rs 84.33 billion. </span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13950', 'image' => '20211028124139_high.jpg', 'article_date' => '2021-10-28 12:40:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14204', 'article_category_id' => '1', 'title' => 'Traders Hike Price of Sugar Arbitrarily on the eve of Festive Season', 'sub_title' => '', 'summary' => 'October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season. The price of sugar, which was Rs 90 per kg before Dashain, has gone up to Rs 95 to Rs 100 per kg ahead of Tihar.</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 price of sugar has been increased arbitrarily in collusion between big traders and middlemen. It has been found that the price of sugar varies from shop to shop. Sunaina Maharjan, who came to Kirtipur's Naya Bazaar for shopping for Tihar on Wednesday, bought 3 kg of sugar at Rs 95 per kg. Premkala Maharjan, who lives near Sunaina’s house, said that she bought 5 kg of sugar at Rs 100 per kg at a shop near her house.</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"">Nepal Retail Trade Association blames the big traders and industrialists for the hike in price of sugar. Amul Kaji Tuladhar, general secretary of the association, told New Business Age that the retailers were forced to sell sugar at increased rate as the big traders started selling sugar at Rs 95 per kg to the retailers.</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"">“Retailers have to sell at Rs 105 per kg to make profit. However, we have been selling sugar at Rs 95 per kg to retain our regular customers. We have heard that some traders have sold sugar for up to Rs 100 per kg but we have told the traders not to do so,” he said.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13949', 'image' => '20211028120938_20210511045157_20201220120511_Sweet2.jpg', 'article_date' => '2021-10-28 12:08:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14203', 'article_category_id' => '1', 'title' => 'Bagmati Province to get New Chief Minister ', 'sub_title' => '', 'summary' => 'October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post.', '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"">October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post. </span></span></span></span></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"">Provincial Chief Yadav Chandra Sharma has set the deadline of October 28 to form a new government in Bagmati Province. As the resignation of Asta Laxmi Shakya has been accepted, the provincial chief has called on Provincial Assembly lawmakers with majority to form a new provincial government. </span></span></span></span></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"">Sharma has called on parties to stake a claim for the post of the chief minister as per the Article 169 (1) of the constitution, informed Rajesh Kumar Tamang, legal officer of the Bagmati Provincial Assembly Secretariat. </span></span></span></span></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"">CPN Unified Socialist leader Rajendra Prasad Pandey has claimed the post of the chief minister with the backing of 59 lawmakers. Pandey has already submitted signatures of the lawmakers. </span></span></span></span></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 provincial assembly secretariat informed that four political parties representing the Provincial Assembly have submitted signatures with a claim for the post of chief minister. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13948', 'image' => '20211028115911_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2021-10-28 11:58:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14202', 'article_category_id' => '1', 'title' => 'National Land Commission to Provide Land to Landless Squatters from mid-January 2022 ', 'sub_title' => '', 'summary' => 'October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of the commission Keshav Niraula shared that the land would be distributed prioritizing the Dalits not having their own land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The erstwhile dissolved Landless Squatters Problems Resolution Commission, based on the applications received from the landless squatters in 40 districts and records kept in other districts, had registered 1.5 million to 1.7 million landless squatters in the country, according to Niraula. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nirauala shared that the commission, which is preparing to distribute land, will make public its plans once the legal process is completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Identification and classification of the landless squatters will be carried out in the presence of all political parties, local level representatives and civic societies, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He assured that the landless squatters' problems will be resolved from mid-January 2022. "We are planning to distribute land ownership certificates to a large number of beneficiaries." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The works undertaken by the erstwhile government will be continued following necessary investigation. The commission's undertaking should not be politically smeared, he opined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under-secretary of the commission, Mani Regmi shared that the land distribution work will be forwarded with the commission gaining a full shape. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those residing in the public land will be relocated to the legally-registered lands while those residing in the urban areas would get 130 square metres of land. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13947', 'image' => '20211028110614_new_logo.jpg', 'article_date' => '2021-10-28 08:45:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14216', 'article_category_id' => '1', 'title' => 'PM Deuba Urges NRNs in UK to Invest for 'Motherland's Development' ', 'sub_title' => '', 'summary' => 'October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Prime Minister Sher Bahadur Deuba has urged the Non-Resident Nepalis (NRNs) in the United Kingdom to send investment from the UK to Nepal for the socio-economic development of their motherland. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The PM, during a programme organised in London on Saturday by UK Chapter of Non-Resident Nepalis Association (NRNA), expressed readiness to support the investors for investments in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba made his views clear that the issues of Nepali citizenship and visa to the NRNs should be passed from the parliament following a political consensus among the political parties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, patron of NRNA UK chapter Sher Bahadur Sunar drew PM Deuba’s attention to take special efforts to resolve the problems of ex-Gurkha servicemen. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, president of NRNA UK chapter Prem Gahamagar called for making investment-friendly environment in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Deuba is currently in the UK leading a Nepali delegation to attend the World Leaders' Summit in the 26th Conference of Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC). The COP26 is taking place in Glasgow city of Scotland, from October 31 to November 12. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-31', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13961', 'image' => '20211031081335_20160513034506_editor.jpg', 'article_date' => '2021-10-31 08:12:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14215', 'article_category_id' => '1', 'title' => 'Fundamentals of Business', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Ashutosh Tiwari</span></span></em></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><em><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Founder, Safal Partners</span></span></em></span></span></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"">Entrepreneurship means asking questions why something has not happened and has happened and how things can be made better. Raising questions over things happening around us helps to develop entrepreneurial thinking. Asking questions is the best way to learn and develop deeper understanding. </span></span></span></span></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"">Entrepreneurship is a high-risk/high reward game. The game is not for everyone. Different people find their entrepreneurial skills at different ages. Nor it is not bound by any educational backgrounds. We shouldn't compare ourselves to other countries in terms of success and starting business. Being successful at your native place is a great thing. </span></span></span></span></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"">Hard work, intelligence, teamwork, eagerness to learn, raising questions and starting from ignorance are some of the factors to be successful. There are some fundamentals that should be considered while starting business and after starting business. Starting a business in any sector that lacks competition is a high risk one. Investors would not be attracted to invest in businesses devoid of competition. In general, business with competitors would succeed. Competition helps to learn and make service seekers understand about the business quickly. </span></span></span></span></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"">Secondly, business plans need to be changed throughout various spans of time according to the needs of the market. The plan needs to point out their specific customers. Customers are in fact your means of earning. It is important to discover your marketing channels. How will customers know about your product? Always be marketing. Most of our businesses are way behind in terms of marketing. We are asked not to boast about ourselves/our product which doesn't hold true in business. Marketing is not about sales. In fact, it boosts your sales. </span></span></span></span></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"">Entrepreneurs should have a far-sighted vision which should not be determined by money. Profit is just a by-product. They need to be clear what product/services they are selling. You need to understand whether your service/product is painkiller or vitamin. It is more difficult to sell painkillers than vitamins. </span></span></span></span></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"">Startups often complain about their employees not working well. Meanwhile, forming a team and deploying them in a productive manner is also a skill. Many of us don't know how to work in a team as we are taught individual skills from a young age. </span></span></span></span></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"">Most of the startups fail because of lack of finances. Investors are now finally interested in investing in entrepreneurship which is a good thing. While starting a business you need to arrange finances to survive for the first eighteen months. I suggest leaving the business if you can't sustain the business for the first eighteen months. You should focus on honing your entrepreneurial thoughts instead of sticking to a failing business. I also recommend not to start a business from your own funds but rather raise the funds. And any entrepreneur should learn basic accounting and finance skills. </span></span></span></span></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"">Startups need to understand if their products are liked by their customers beyond your friends and family circle. Expand your network of investors, board of advisors. They will help you with different perspectives on business and attracting investment. Entrepreneurship is a learning game. Reflecting on your past experiences, learning from it helps you to excel the way forward. </span></span></span></span></p> <p><em>(Views expressed during an interactive training of NewBiz Startup Summit and Awards 2021)</em><br /> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '13960', 'image' => '20211030081832_1A1A3475.JPG', 'article_date' => '2021-10-30 08:18:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14214', 'article_category_id' => '1', 'title' => 'NOC Hikes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30).', '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"">October 30: Nepal Oil Corporation (NOC) has increased the prices of petroleum products and cooking gas effective from Friday midnight (October 30). </span></span></span></span></p> <p><span 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 state-owned oil monopoly has increased the prices of petrol, diesel and kerosene each by Rs 3 per liter. With the price hike, the price of petrol has gone up to Rs 133 per liter while diesel and kerosene will now cost Rs 116 per liter.</span></span></span></span></p> <p><span 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 price of cooking gas has been increased by Rs 50 per cylinder to Rs 1,500.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the price of aviation turbine fuel has also been increased by Rs 10 per liter both for domestic and international flights. According to the new price list, aviation fuel for domestic flights will now cost US$ 96 per kiloletre while the price of international aviation fuel has been fixed at US$ 885 per kiloliter. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">According to the NOC, the prices have been revised as per the new list received from the Indian Oil Corporation.</span></span></span></span></p> <p><span 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 last time NOC had increased the prices of petrol, diesel and kerosene was on August 23<strong>. </strong>Despite the announcement, NOC is yet to update the price list on its website. Below is the list of price hike taken from the website of NOC:</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif""><img alt="" src="/app/webroot/userfiles/images/Untitled%284%29.jpg" style="height:483px; width:800px" /></span></span></span></span></p> <p><span style="font-size:12px"><em><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial","sans-serif"">Source: NOC</span></span></em></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-30', 'modified' => '2021-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '13959', 'image' => '20211030080715_202609_20190503125003_Petrol-Price-Increase.jpg', 'article_date' => '2021-10-30 08:06:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14213', 'article_category_id' => '1', 'title' => 'Interactive Training of NewBiz Startup Summit and Awards 2021 Concludes', 'sub_title' => 'Special training for startups held in the lead up to ‘NewBiz Startup Summit & Awards 2021’', 'summary' => 'October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">October 29: New Business Age, one of the leading business magazines of Nepal, organised a one day interactive training for startups on Friday (October 29) under the heading - Special Training for The Startups. The interactive training program was held in Kathmandu as part of the ‘Kumari Bank NewBiz Startup Summit & Awards 2021’. The event was attended by more than 1,500 entrepreneurs through virtual as well as physical means.</span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/IMG_4271%281%29.JPG" style="height:266px; width:400px" /></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During the training session, chairman of the Startup and Innovation Committee under the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Ranjit Acharya said that it’s time for the government to clearly define “startups”. He further said that the government should bring additional policy to develop the startup sector.</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"">Acharya added that one should not wait for the right time to start a venture. “Right time to start a startup business is now. Entrepreneurs should be able to adapt to any situation and time. Only then can a person become an entrepreneur,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">President of the National Innovation Center Dr Mahabir Pun pointed towards our society as the main reason for the lack of entrepreneurship development. Stating that entrepreneurship has not developed in the country as there is a lack of entrepreneurship culture, he said, “There is still a trend of going abroad among the Nepalis. Now, in order to develop entrepreneurship, we need to develop entrepreneurship culture, especially startup. You can't become a startup entrepreneur just by continuing the work done by your parents.”</span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3568%281%29.JPG" style="height:266px; width:400px" /></p> <p><em>Dr Mahabir Pun, President, National Innovation Centre</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The Magsaysay Award winner Pun added that the government representatives need to carefully study about startups and entrepreneurship. “Those who lead from the society without entrepreneurial culture cannot understand startup business and will not be able to bring a relevant policy and implement it. Therefore, they need to study this issue now,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He also expressed his commitment to help any startup entrepreneur through his innovation center. “We will help to raise capital investment if you have plans for business,” he said, adding, “We are ready to help with ideas, but one has to work hard.”</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"">Likewise, Ashutosh Tiwari, founder of Safal Partners, said that getting into entrepreneurship is like jumping into an ocean. "Entrepreneurship is a risky sector in itself. However, even if the risk is high, the possibility of return is equally high, so don't panic.”</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"">He also said that age, religion or caste does not stop one from becoming an entrepreneur. Nor, it is not necessary to study in the US to become an entrepreneur. “Anyone can start a venture. Even if it fails, it is not bad in itself. Rather we can learn from that failure and start another one,” he added.</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 addition, Amit Agrawal, co-founder and director of Khalti Digital Wallet, said that some areas of the country are still lagging behind in development of digital payment. “Even Kathmandu’s drinking water bill has not been digitized yet. We have not been able to provide our services there even if we wanted to,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Stating that Khalti will be transformed into a public company in the upcoming fiscal year, Agrawal said that an IPO will be issued to the public within three years.</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"">Another speaker Anushka Shrestha, who is the founder of Makkuse and the winner of Miss Nepal World 2019, shared her experience of getting into a business. She said that one should not have the mentality that there is no opportunity in Nepal. “There are many possibilities. Therefore, to do something in Nepal, one has to look through the eyes of entrepreneurship,” she said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Madan Lamsal, chairman of New Business Age Pvt Ltd, said that Newbiz Startups Summit and Awards would help startups by helping them tap the benefits that the government offers them. He also said that the event would help them get noticed and heard by investors and policymakers. </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""><img alt="" src="/app/webroot/userfiles/images/1A1A3444.JPG" style="height:237px; width:400px" /></span></span></span></p> <p><em>Madan Lamsal, Chairman, New Business Age</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“We are organizing this event by focusing on entrepreneurship that aligns with the corporate mission of our organization. We want to support the economic development model led by the private sector,” said Lamsal, who is also the editor-in-chief of New Business Age. “International organizations, banking sector, private sector and government are making efforts to promote and support startups. They had helped them to some extent. But, that is not enough. This event is to complement those initiatives,” he added. </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 final selection of the winners for the NewBiz Startup Summit and Award 2021 will be completed by November 16 and the grand finale will be held on November 26. As per the organisers, a jury of independent experts has been formed for the selection and the process has already started.</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 main sponsor of NewBiz Startup Summit and Award is Kumari Bank Limited and the co-sponsor is Garima Bikas Bank Limited. Likewise, the Federation of Nepalese Chambers of Commerce and Industry and Nepalese Young Entrepreneurs Forum (NYEF) are associate partners of the Summit and Awards. Similarly, the awards programme has been supported by IME and NLG Insurance Company Limited. The technical partner of the program is Mango Tech. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3439.JPG" style="height:533px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3521.JPG" style="height:515px; width:800px" /></p> <p><img alt="" src="/app/webroot/userfiles/images/1A1A3586.JPG" style="height:505px; width:800px" /></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13958', 'image' => '20211029103136_1A1A3590 (1).JPG', 'article_date' => '2021-10-29 22:30:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14212', 'article_category_id' => '1', 'title' => 'Nepal Electricity Authority Urges ISPs to Sign Agreement within mid-November', 'sub_title' => '', 'summary' => 'October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">October 29: Nepal Electricity Authority (NEA) has reminded Internet Service Providers (ISPs) to sign agreements within mid-November to determine the rental charge for using the NEA’s poles. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Issuing a statement, the NEA urged the ISPs to sign agreements in this regard within the given deadline. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA has urged the service providers that have been using the electricity poles of NEA without any authorization to declare the locations, quantity and timeframe of the unauthorized use themselves and come forward for an agreement within mid-November.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">It may be noted that the NEA had removed internet cables from its poles in early October after the ISPs failed to clear their overdue amount for using the poles. This had led to a brief disruption in internet services in many places across the country until the government intervened and provided a timeframe to resolve the issue.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The NEA and ISPs are at loggerheads since a long time after the NEA increased the rental charge of utility poles. ISPs have been saying that the move would result in an increase in internet fare for the consumer, which is against the concept of Digital Nepal envisaged by the government.</span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13957', 'image' => '20211029123534_20211004075355_internet_image.jpg', 'article_date' => '2021-10-29 12:34:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14211', 'article_category_id' => '1', 'title' => 'FNCCI Welcomes Reduction in Power Tariff Rates', 'sub_title' => '', 'summary' => 'October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. ', '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 Unicode MS","sans-serif"">October 29: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has welcomed the decision of the Electricity Regulatory Commission (ERC) to reduce electricity tariff and electricity demand charges. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">The federation has stated that the reduction in electricity tariff will provide more relief to the industries and businesses in crisis due to the coronavirus pandemic. It may be noted that the FNCCI had been demanding not to increase the electricity demand fee. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the private sector was encouraged by the decision not to increase the demand fee, the FNCCI thanked the Minister for Energy, Water Resources and Irrigation, officials of the ministry, Electricity Regulatory Commission and Electricity Authority. </span></span><br /> <span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> "We are confident that this decision will help expand economic activities, albeit to some extent," the federation said in a statement.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">FNCCI added that tariffs for industries should be cheaper to increase electricity consumption and also help create a competitive market and reduce trade deficits. -- RSS </span></span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13956', 'image' => '20211029121543_20191101092421_aaaa.jpg', 'article_date' => '2021-10-29 12:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14210', 'article_category_id' => '1', 'title' => 'Trader Fined for Inappropriate Business Activities', 'sub_title' => '', 'summary' => 'October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The Department of Commerce, Supplies and Consumer Protection (DoCSCP) has fined a trader located in Kesadiya road of Biratnagar Metropolitan City for selling sugar in the packet of rice without putting any label. A joint inspection team slapped a fine of Rs 200,000 when the team found seventeen sacks of sugar in the packet of rice. Of them, two sacks of sugar were being sold. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Santosh Pokhrel, head of the DOCSCP, Biratnagar Office said a trader named Rahul Kumar Shah has been fined for inappropriate business activities. It was found that the trader imported most of the items from Indian market and did not have any VAT bill. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Likewise, Bishnu Sweets located in Itahari has been fined Rs 20,000 for selling rotten sweets. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Pokhrel said that the department has instructed to clean the kitchen area of Gorkha Kitchen located above the Gorkha Department Store. Natraj Sweet and Chaat House of Itahari has also been instructed to improve on the cleanliness front. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Government officials have stepped up market monitoring for the festive season. However, consumer rights groups complain that malpractices are taking place unabetted.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13955', 'image' => '20211029113659_20210314113942_Clipboard02(7).jpg', 'article_date' => '2021-10-29 11:36:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14209', 'article_category_id' => '1', 'title' => 'Investment Board Nepal to Study a Dozen New Projects', 'sub_title' => '', 'summary' => 'October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">October 29: The Investment Board Nepal (IBN), which was established 10 years ago with the objective of raising investment for big projects, is starting the study of about a dozen new projects.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The board, which has approved investments for 28 projects since its establishment, has started studying new projects to expand the scope of investment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the IBN, projects have been selected and studied from all the provinces for fair and uniform development in all the states. The 10 projects studied in the seven provinces include Taltalaiya, a multipurpose project in Province 1, Janaki Heritage Hotel and Cultural Village in Province 2, Bus Rapid Transit on Ring Road in Bagmati province, Dhulikhel Medicity and Dolakha Film City. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, the Board has started studying the International Convention Center in Gandaki, Pokhara, Gautam Buddha Maternity Hospital in Lumbini, Karnali Integrated Herbal Processing in Karnali, Far Western Public Transport in Far West, and Khaptad Integrated Tourism Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to the officials of the Board, the study of these projects will help the investors to show the new projects and inform them about the estimated cost of these projects as well as the possible benefits. Sushil Bhatta, CEO of the Board said that they will start raising funds after conducting necessary study.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">After the establishment of the office of Investment Board, investment amount of Rs 8 billion has been approved for 28 projects. However, only a small amount of the approved investment has actually been invested till date. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board established in 2068 BS had approved the investment for the Dangote Cement Industry in 2070 BS. However, its investors have already returned. The board had approved investments for 28 industries in six sectors including energy, manufacturing, mining, tourism and urban development. Out of the approved investments, only Hongshi Shivam Cement Industry has come into operation so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Four industries that include Arun 3 Hydro Power Company, Upper Trishuli 1, Huaxin Cement and Waste to Energy Project are under construction.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The Investment Board has approved five more projects. These include China-Nepal Friendship Industrial Park, Vehicle Manufacturing and Assembling Plant, Dang Cement, Smart Cement and Upper Marsyangdi Hydro Power. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13954', 'image' => '20211029112151_20210823044910_MG_3290.jpg', 'article_date' => '2021-10-29 11:21:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14208', 'article_category_id' => '1', 'title' => 'Handicraft Fair in November', 'sub_title' => '', 'summary' => 'October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">October 29: The 18th handicraft trade fair and the 16th craft competition is all set to kick off in the capital in three weeks. The Federation of Handicraft Associations of Nepal (FHAN) is going to organise the fair at the Hayat Regency Hotel, Bouddha from November 19 to 21.</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 trade fair used to be organised at Bhrikutimandap in the previous years. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Organising a press meet on Thursday, the federation said it expects the fair to play an important role in reviving the domestic as well as international market of handicraft. The handicraft market has been badly affected by the impacts of Covid-19 pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:14.0pt">Prime Minister Sher Bahadur Deuba is scheduled to inaugurate the fair. The fair co-ordinator, Rabindra Shakya informed that high-ranking government officials, exporters as well as ambassadors of different countries have been invited to the fair.</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 fair will have 120 stalls of various handicraft items. Rajman Bajracharya, the coordinator of craft competition informed that the different gifts would be given away to the participants of the craft competition.</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 main objective of the fair is to promote the domestic and international market of Nepali handicraft and other manufactured goods, and to develop business relations between Nepali entrepreneurs and foreign handicraft importers.</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 purpose of the fair is to provide a favourable environment for gathering national and international buyers and sellers all in one place, to provide market access to new entrepreneurs, and to highlight the interdependent relationship between handicrafts and Nepali culture 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">On the occasion of the fair, senior artists over 70 years of age and the best exporters of handicraft items to foreign markets will also be honoured.</span></span></span></p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13953', 'image' => '20211029110706_20170913113102_sect.jpg', 'article_date' => '2021-10-29 11:06:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14207', 'article_category_id' => '1', 'title' => 'Government to Promote Green Energy', 'sub_title' => '', 'summary' => 'October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to sign a statement on green energy and allow the use of forest area for the construction of the first phase of the Sunkoshi Marine Diversion Project. </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"">A meeting of the Council of Ministers on Thursday (October 28) took a decision to this effect.</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"">Government Spokesperson Gyanendra Bahadur Karki, who is also the minister for information and communication technology, shared that the meeting decided to approve long-term zero emission strategy and the National Adaptation Plan to mitigate the impact of climate change. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a high-level delegation led by Prime Minister Sher Bahadur Deuba will be leaving for the UK today (October 29) to attend the United Nation's global climate summit COP 20 being held in Glasgow from October 31 to November 12 . </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"">Minister for Forest and Environment, Ramsahaya Prasad Yadav and high level officials from the ministry are also attending the event. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal is preparing to raise the issues of climate crisis faced by Least Developed Countries (LDCs) during the global event. Nepal is one of the vulnerable countries to climate change and will be presenting reports on issues of loss and damage caused by climate change, adaptation capacity, climate economy, mountain ecosystem among others. </span><br /> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13952', 'image' => '20211029081639_20200824035450_unnamed.jpg', 'article_date' => '2021-10-29 08:16:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14206', 'article_category_id' => '1', 'title' => 'Government to Provide up to 65 Percent Subsidy to Paddy Farmers', 'sub_title' => '', 'summary' => 'October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: The government has decided to provide up to 65 per cent subsidy to paddy farmers for the loss they incurred from the recent floods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held on Thursday (October 28) took a decision to dole out subsidy to the farmers by classifying them into small, medium and large groups based on the area of farming, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Government Spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki informed that the farmers would be given subsidy up to 65 per cent of the total loss for the paddy farming done in 10 kattha (0.84 acre) or equal area of land plot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, farmers involved in paddy farming in 10 kathha (0.84 acre) to three bigha (5.02 acre) of land would be provided maximum of 30 per cent in subsidy while the farmers involved in farming in more than three bigha (5.02 acre) of plot would be given a maximum of 20 per cent of the loss. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Karki said that the government announcement on subsidy would be given by fixing the minimum support price of the paddy. For this, a task force comprising secretary at the Office of the Prime Minister would submit the required procedure within five days for approval. </span></span></span></p> <p> </p> <p> </p> <p><br /> </p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""> </span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-29', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13951', 'image' => '20211029080315_20210603031181125011444_pady-1024x682.jpg', 'article_date' => '2021-10-29 08:02:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14205', 'article_category_id' => '1', 'title' => 'Mid-hill Highway Unlikely to be Completed within the Extended Deadline', 'sub_title' => '', 'summary' => 'October 28: The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. ', '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"">October 28:<strong> </strong>The Pushpalal Mid-Hill Highway is unlikely to be completed within the given deadline. The national pride project will be delayed due to the Covid-19 pandemic as well as lack of budget while in some places the route has not been finalized yet.</span></span></span></span></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 officials informed that the target set for completion in the past has been deferred and the deadline is likely to be extended by another two years. However, the project faces an uphill battle to complete the remaining works within the extended deadline of two years as the current works progress is 68 percent in 14 years since the construction started.</span></span></span></span></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"">Demarcation of road in Gorkha and Dhading is also facing problems due to the Budhi Gandaki reservoir project. Arjun Prasad Aryal, chief of the project directorate, said that they are considering the prospect of changing the route because the proposed route will be submerged once the Budhi Gandaki project comes into operation.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">If the highway is constructed as per the plan, more than 900 houses have to be demolished in Kaski district. Therefore, stakeholders have been demanding a change in route to avoid demolition of those houses as the project cannot afford compensation to them.</span></span></span></span></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"">Chief of the project directorate Aryal said that 37 bridges along the proposed highway are yet to be constructed. Those bridges will be completed within a year, according to Aryal</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">The government's policies and programmes for the current fiscal year state that apart from widening 462 km of roads and bridges constructed by other projects, the construction works of the mid-hill highway will be completed in the next two years. The project, on the other hand, says that the current work progress indicates otherwise. </span></span></span></span></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 the government has adopted a policy not allow budget crunch for national pride projects, the Pushpalal Mid-Hill Highway as well as the postal highway project faced budget crunch last year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">Secretary at the Ministry of Physical Infrastructure and Transport, Rabindranath Shrestha, said that the highway is not likely be completed within the deadline considering the current progress.</span></span></span></span></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"">As of mid-October, the physical progress of the project is 58.35 percent and the financial progress is 63.85 percent. The project has spent 6.28 percent of the allocated budget this year. As of mid-October, the project has achieved 8.43 percent physical progress as per this year's target.</span></span></span></span></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 137 bridges to be constructed on the highway, 90 bridges have been completed so far. Currently, 20 bridges are under construction and 27 are under the process of signing contracts.</span></span></span></span></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"">As an alternative to the East-West Highway, the starting point of the highway is Chiobhanjyang of Panchthar district and the last point is Jhulaghat of Baitadi.</span></span></span></span></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 highway connecting 26 districts of the mid-hills will build new cities in different places. The project was started in the fiscal year 2064/65 with a target to complete it within FY 2073/74. But the deadline has been pushed to FY 2079/80.</span></span></span></span></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 initial cost of the project was estimated to be Rs 33.36 billion while the revised cost is Rs 84.33 billion. </span></span></span></span></p> <p><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13950', 'image' => '20211028124139_high.jpg', 'article_date' => '2021-10-28 12:40:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14204', 'article_category_id' => '1', 'title' => 'Traders Hike Price of Sugar Arbitrarily on the eve of Festive Season', 'sub_title' => '', 'summary' => 'October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 28: Traders have arbitrarily increased the price of sugar taking advantage of the shortage of sugar faced by the state-owned companies during the festive season. The price of sugar, which was Rs 90 per kg before Dashain, has gone up to Rs 95 to Rs 100 per kg ahead of Tihar.</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 price of sugar has been increased arbitrarily in collusion between big traders and middlemen. It has been found that the price of sugar varies from shop to shop. Sunaina Maharjan, who came to Kirtipur's Naya Bazaar for shopping for Tihar on Wednesday, bought 3 kg of sugar at Rs 95 per kg. Premkala Maharjan, who lives near Sunaina’s house, said that she bought 5 kg of sugar at Rs 100 per kg at a shop near her house.</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"">Nepal Retail Trade Association blames the big traders and industrialists for the hike in price of sugar. Amul Kaji Tuladhar, general secretary of the association, told New Business Age that the retailers were forced to sell sugar at increased rate as the big traders started selling sugar at Rs 95 per kg to the retailers.</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"">“Retailers have to sell at Rs 105 per kg to make profit. However, we have been selling sugar at Rs 95 per kg to retain our regular customers. We have heard that some traders have sold sugar for up to Rs 100 per kg but we have told the traders not to do so,” he said.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13949', 'image' => '20211028120938_20210511045157_20201220120511_Sweet2.jpg', 'article_date' => '2021-10-28 12:08:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14203', 'article_category_id' => '1', 'title' => 'Bagmati Province to get New Chief Minister ', 'sub_title' => '', 'summary' => 'October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post.', '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"">October 28: Bagmati Province is all set to get a new chief minister today following the resignation of Asta Laxmi Shakya from the post. </span></span></span></span></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"">Provincial Chief Yadav Chandra Sharma has set the deadline of October 28 to form a new government in Bagmati Province. As the resignation of Asta Laxmi Shakya has been accepted, the provincial chief has called on Provincial Assembly lawmakers with majority to form a new provincial government. </span></span></span></span></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"">Sharma has called on parties to stake a claim for the post of the chief minister as per the Article 169 (1) of the constitution, informed Rajesh Kumar Tamang, legal officer of the Bagmati Provincial Assembly Secretariat. </span></span></span></span></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"">CPN Unified Socialist leader Rajendra Prasad Pandey has claimed the post of the chief minister with the backing of 59 lawmakers. Pandey has already submitted signatures of the lawmakers. </span></span></span></span></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 provincial assembly secretariat informed that four political parties representing the Provincial Assembly have submitted signatures with a claim for the post of chief minister. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-29', 'keywords' => '', 'description' => '', 'sortorder' => '13948', 'image' => '20211028115911_Emblem_of_Bagmati_Province.jpg', 'article_date' => '2021-10-28 11:58:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14202', 'article_category_id' => '1', 'title' => 'National Land Commission to Provide Land to Landless Squatters from mid-January 2022 ', 'sub_title' => '', 'summary' => 'October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 28: The National Land Commission is preparing to initiate the process to distribute land to the landless Dalits, landless squatters and unsystematic settlers in the country from mid-January next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairperson of the commission Keshav Niraula shared that the land would be distributed prioritizing the Dalits not having their own land. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The erstwhile dissolved Landless Squatters Problems Resolution Commission, based on the applications received from the landless squatters in 40 districts and records kept in other districts, had registered 1.5 million to 1.7 million landless squatters in the country, according to Niraula. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nirauala shared that the commission, which is preparing to distribute land, will make public its plans once the legal process is completed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Identification and classification of the landless squatters will be carried out in the presence of all political parties, local level representatives and civic societies, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He assured that the landless squatters' problems will be resolved from mid-January 2022. "We are planning to distribute land ownership certificates to a large number of beneficiaries." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The works undertaken by the erstwhile government will be continued following necessary investigation. The commission's undertaking should not be politically smeared, he opined. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under-secretary of the commission, Mani Regmi shared that the land distribution work will be forwarded with the commission gaining a full shape. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those residing in the public land will be relocated to the legally-registered lands while those residing in the urban areas would get 130 square metres of land. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-10-28', 'modified' => '2021-10-28', 'keywords' => '', 'description' => '', 'sortorder' => '13947', 'image' => '20211028110614_new_logo.jpg', 'article_date' => '2021-10-28 08:45:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
