October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum…
October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum…
October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on…
October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central…
October 1: The Shuklaphanta National Park has been opened for domestic and international…
October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and…
September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics…
September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor…
September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance.…
September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year.…
September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal.…
September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by…
September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and…
September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and…
September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent.…
September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19…
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Three and a half years have passed in clearing the site and preparing the Detailed Project Report (DPR) since the signing of the Memorandum of Understanding (MoU) between Nepal and the China in February 2018 to expand the 8-lane road. The Chinese side has informed the Department of Roads via email that the DPR has already been prepared.</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 upgrading of the 11.6 km long section of ring road is being done with grant assistance from China. China has already handed over the Kalanki-Koteshwor section of the 27km ring road by widening it to eight lanes. The northern neighbor had also agreed to upgrade the Kalanki-Maharajgunj section in the second phase. Even after three and a half years, the entire site has not been cleared and Nepal has not received the DPR report. </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"">Director-General of the Department of Roads Arjun Jung Thapa said that the Chinese side has ignored the project for the last two 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"">The project was also delayed due to the impact of Covid-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Even though the Forestry Department cut down the trees along the road section on time, it has been difficult to move the electricity line," Thapa 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"">Similarly, the site has not been cleared in the Narayan Gopal Chowk area.</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 this section, about 23 houses will have to be demolished and 44 plots of land will have to be acquired. However, there is a problem with land acquisition. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the standards of 2034 BS, the right of way of the road was 15/15 meters. </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"">Thapa said that the private lands should be acquired according to the criteria. Rs 4 billion should be spent on compensation for land acquisition</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"">“There is a problem to manage this large amount of money and the government is not able to provide compensation immediately, and the evaluation is also delayed. It took some time to find out whether the land was acquired in 2034 BS," Thapa said. "After that, the district administration office in Kathmandu has formed a sub-committee to evaluate it. He said that due to these reasons, the project has been delayed.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13808', 'image' => '20211001023947_20200313030544_3ca3104842e4a54d54.jpeg', 'article_date' => '2021-10-01 14:39:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14062', 'article_category_id' => '1', 'title' => 'Nepal and India Review Progress of Post-Earthquake Reconstruction Projects in Nepal ', 'sub_title' => '', 'summary' => 'October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was co-chaired by Anurag Srivastava, Joint Secretary (North) under the Ministry of External Affairs of India and Nepal’s National Reconstruction Authority’s Secretary Sushil Chandra Tiwari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting carried out a comprehensive review of the progress of post-earthquake reconstruction projects in housing, education, health and cultural heritage sectors in Nepal assisted by the Indian government, according to a statement issued by the Embassy of India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both sides expressed satisfaction on the successful completion of 50,000 houses in Gorkha and Nuwakot districts of Nepal, constructed under the Government of India's assistance to the housing sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, both sides also noted with appreciation the progress achieved in reconstruction projects being undertaken under education, cultural heritage and health sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The co-chairs agreed to hold the next meeting of the JPMC on a mutually convenient date. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The JPMC Mechanism was set up in August 2017 to monitor the progress of India-assisted post-earthquake reconstruction projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by representatives of concerned ministries, departments and agencies of the Government of Nepal, as well as officials of the Government of India, consultants and other stakeholders engaged in implementation of the projects. The last JPMC meeting was held on 8th March 2020 in Kathmandu. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13807', 'image' => '20211001022603_Flag-Pins-Nepal-India.jpg', 'article_date' => '2021-10-01 14:25:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14061', 'article_category_id' => '1', 'title' => 'BFIs Facing Extreme Liquidity Crisis', 'sub_title' => '', 'summary' => 'October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank. NRB has repeatedly issued repo of Rs 130 billion in the last one month due to liquidity crisis in the banking sector, in which BFIs have demanded an average of 2.48 times more. </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 terms of money, A, B, and C class banks and financial institutions have demanded Rs 322.85 billion to manage liquidity. This indicates that the banking sector is facing extreme liquidity crisis. According to the central bank, all the banks have been taking part in the bids.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Due to the liquidity crisis in the banking sector, the NRB had issued repo five times after September 2. The demand has been more than the amount placed for bids.</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"">Some stakeholders have also suspected that the banks have artificially created a liquidity crisis. Commercial banks disbursed Rs 31 billion in the third week of September. Deposit collection during that period is only Rs 8 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Banks have expressed dissatisfaction over the implementation of credit-deposit (CD) ratio by the central bank. Stakeholders suspect that the BFIs might have created artificial crisis due to this very reason. However, the repeated issuance of repo by the NRB and the application for bids surpassing the demand for repo confirm that the liquidity crisis in the banking sector is genuine.</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"">When there is liquidity crisis, NRB releases money to the banking sector through instruments such as repo. A limited amount is kept for bidding and BFIs can participate in the bidding process.</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"">Executive Director and chief of the Public Debt Management Department of NRB, Naresh Shakya, confirmed that there is liquidity crisis in the banking sector. “We have been issuing repo several times due to the liquidity crisis in the market. Every time there is more demand than the amount put in for bidding,” he said, “It seems that there is a huge liquidity crisis in the banking 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"">Chairman of the Nepal Bankers Association Bhuvan Dahal also said that the problem of liquidity crisis persists and there are indications that this problem will not be resolved immediately.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“We were hopeful that the liquidity crunch would be resolved soon and interest rates would come down from mid-October. It was said that liquidity would come through refinancing, remittances and government spending. However, it did not seem to happen immediately,” he said “Now the inflow of remittances has decreased. The balance of payments (BOP) is also negative. The negative signals in such indicators are likely to prolong the liquidity crunch.”</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 said that now the banks should reduce the flow of credit. “Despite the liquidity crunch, there is a huge flow of credit. If this continues, the situation could get worse,” he said, “Therefore the banks should tighten the flow of credit. In addition, the Ministry of Finance and the central bank should also play a supportive role.” </span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13806', 'image' => '20211001020932_Banks.jpg', 'article_date' => '2021-10-01 14:08:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14060', 'article_category_id' => '1', 'title' => 'Shuklaphanta National Park Opened for Tourists ', 'sub_title' => '', 'summary' => 'October 1: The Shuklaphanta National Park has been opened for domestic and international tourists.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Shuklaphanta National Park has been opened for domestic and international tourists. All the tourism activities are now opened in the national park except for elephant safari, informed Chief Conservation Officer Dil Bahadur Purja Magar. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism activities in the national park were suspended for almost five months after the surge of coronavirus cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Pun shared that jungle safari, jungle walk, rafting, camping, fishing and other tourist activities have resumed in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He, however, said that the visitors should fully abide by health protocols adding that the use of facemask and sanitiser are mandatory. Nature guide is also mandatory for the visitors going for jungle safari and jungle walk, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A tour guide can guide upto three tourists while two tour guides can lead maximum of 10 tourists in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The national park spread over 305 sq km is famous for swamp deer and pastureland. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13805', 'image' => '20211001125535_800px-Ranitaal1.jpg', 'article_date' => '2021-10-01 12:54:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14059', 'article_category_id' => '1', 'title' => 'Home Ministry Denies Issuing Order to ban Public Gatherings', 'sub_title' => '', 'summary' => ' October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings to be conducted in line with constitution, existing laws and by following the health protocol issued by the government for containing COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Thursday, spokesperson of the ministry Phadindra Mani Pokharel said that no such order has been issued to ban the events that can be organized by following the health protocols. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry also said that its serious attention has been drawn towards the public’s concerns regarding the orders issued by the district administration offices of Kathmandu and Bhaktapur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on Thursday, the district administration offices of Kathmandu and Bhaktapur had requested the public not to hold unnecessary gatherings, conferences, processions, and festivals, arguing that the risk of corona virus infection was yet to subside. -- RSS </span></span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13804', 'image' => '20211001114103_new_logo.jpg', 'article_date' => '2021-10-01 11:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14058', 'article_category_id' => '1', 'title' => 'Nepal Fails to meet Recommended Milk Consumption: NDA', 'sub_title' => '', 'summary' => 'September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this context, Nepal Dairy Association (NDA) has concluded that the stakeholders should work towards ensuring milk consumption of 92 litres per person per year at least for the children in the coming days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The need for meeting the recommended milk consumption has been highlighted on the occasion of the World School Milk Day. The first World School Milk Day was celebrated in September 2000 and has since become an annual event promoted by the FAO (Food and Agricultural Organization of the United Nations). The celebration of the Day in Nepal was first started by Nepal Dairy Association in 2016. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General Secretary of NDA Prahlad Dahal said they are celebrating the World School Milk Day by organizing various programmes in all provinces, districts and local levels this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The purpose of celebrating the Day is to reinforce the nutritional value of milk. Milk is taken as complete food. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk and dairy products continue to play a vital role in children’s diets. A carton of school milk provides a 4-6 year old with 52 percent of their recommended calcium intake; 59 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 59 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, for older children aged 7-10 years, a carton of milk provides: 42 percent their recommended calcium intake; 53 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 47 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk also provides energy and protein for their growth and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">World School Milk Day is celebrated in many countries, with an increasing number of activities taking place each year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13803', 'image' => '20210930041809_20181231125436_aaaa.jpg', 'article_date' => '2021-09-30 16:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14057', 'article_category_id' => '1', 'title' => 'Hydro Project Sees Delay in Installation of Equipment', 'sub_title' => '', 'summary' => 'September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">No equipment has been so far installed in the power house due to dilly-dallying of VOITH India, an Indian company responsible for equipment placement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Project Chief Chhabi Gaire shared that they have repeatedly asked the Indian company to comply with the memorandum of understanding but to no avail. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The company was entrusted with the responsibility to accomplish the given works, including import and installation of equipment at a contract price of Rs 2.8 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 111-MW project requires a year-long time for installing the equipment in power house and so far 50 percent of the progress has to be made. However, it has resulted in the delay in the production of power from the project due to negligence of the contractor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The equipment to be installed in the power house have been already stored in the project site and the installation would take momentum once the technical human resources are available. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13802', 'image' => '20210930040747_hydro.jpg', 'article_date' => '2021-09-30 16:06:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14056', 'article_category_id' => '1', 'title' => 'Finance Minister Expresses Concern Over Delay in Settlement of Covid-19 Insurance ', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. However, the reaction has come almost two months after the settlement of coronavirus insurance claims was stopped. The government had ignored the issue as it was itself responsible for the halt in the settlement of insurance claims.</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 finance minister met the chairman of the Insurance Board Surya Prasad Silwal and other representatives on Wednesday, September 30, and directed them to resume the settlement of insurance claims related to Covid-19.</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 resolve the issue of ensuring necessary resources and capital required to settle the claims as soon as possible.</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"">Non-life insurance companies have stopped the settlement of Covid-19 insurance claims since the second week of July after the government failed to release the required budget. The previous government had also ignored the issue. However, the Ministry of Finance has shown renewed interest in resolving this problem.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government is liable to pay more than Rs 3.5 billion to the insurance companies. Clients of those companies have made insurance claims of Rs 13.14 billion as of mid-July 2021 but the government has released only Rs 9.64 billion so far. The insurance companies stopped settling the insurance claims after the government failed to release the amount.</span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13801', 'image' => '20210930032516_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2021-09-30 15:24:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14055', 'article_category_id' => '1', 'title' => 'Damaged Fertiliser Stuck at Birgunj Dry Port for More than 1 Year', 'sub_title' => '', 'summary' => 'September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. ', 'content' => '<p><strong>Om Prakash Khanal</strong></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. A total of 126,000 sacks (6,300 metric tons) of </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Di-ammonium phosphate</span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> (DAP) ordered by Salt Trading Corporation and Agriculture Inputs Company Limited have been stranded at the port.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Chief Customs Officer of Birgunj Dry Port Lal Bahadur Khatri said that they are unable to dispose the damaged fertiliser as the supplier has not come in contact yet. “We have confiscated the spoiled fertiliser. Such fertilisers should be destroyed because they cannot get customs clearance,” he told New Business Age.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The fertiliser is currently dumped on a vacant land of the railway track at the port. As it takes up space in the warehouse, it is kept on the space between the two tracks of the railway.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">There is confusion as to how to destroy the fertilizer. Port operator Pristine Valley Dryport Pvt. Ltd is pressurizing to remove the damaged fertiliser from the port. However, the customs administration is confused as the supplier is out of contact.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Khatri said that the supplier company is responsible for destroying the damaged fertiliser. “But, as the supplier is not in contact, the fertliser is piled up in the land of the port,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Swiss Singapore Overseas Enterprises of Dubai, United Arab Emirates is responsible for the supply of the fertiliser. Among the damaged fertilizer, 5,000 metric tons belonged to STC and the rest to the Agricultural Inputs Company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In mid-August last year, it was found that the fertiliser that entered Birgunj by train through Kolkata port was soaked and damaged due to the Amphan storm. So, the customs did not pass the inspection.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Amoj Lamichhane, chief of the Salt Trading Corporation Birgunj, claimed that they did not suffer any financial loss as the supplier had borne the loss for the. He said that it is the responsibility of the supplier for destroying the damaged fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the customs office, they do not have enough space to destroy those fertilisers within the port while they have not been able to dump it elsewhere.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Port operator Pristine Valley has been saying that the port operation has become inconvenient due to dumped fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“We are facing difficulties in managing the port due to the lack of space. Large quantities of the fertiliser have become an additional problem,” said B Mohan, executive director of Pristine Valley. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13800', 'image' => '20210930021440_1632950325.Clipboard07.jpg', 'article_date' => '2021-09-30 14:13:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14054', 'article_category_id' => '1', 'title' => 'Finance Minister Urges British Investors to Invest in Green Infrastructure of Nepal', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. ', 'content' => '<p><em>Photo Courtesy: Investment Board Nepal</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. The “United Nations Climate Change Conference” is to be held Scotland, UK from November 1 to 12. As groundwork for the conference, a virtual meeting was held on Wednesday, September 29 at the initiative of the Investment Board, the Nepalese Embassy in the UK and the Department of International Trade of the United Kingdom. Addressing the meeting, the Vice Chair of the Investment Board and Financec Minister Janardan Sharma urged investors from Britain to benefit from investing in Nepal’s green infrastructure.</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/Honorable%20Finance%20Minister%20Mr.%20Janardan%20Sharma%20Delivering%20Remarks.jpg" style="height:399px; width:600px" /></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 export of clean and renewable energy produced in Nepal will also help reduce the carbon burden of neighboring countries, said Minister Sharma. He urged British investors to support Nepal's goal </span><span style="font-family:"Arial Unicode MS","sans-serif"">of getting graduated to high middle income country by 2030</span><span style="font-family:"Times New Roman","serif"">. He expressed the commitment of the Government of Nepal to extend full support and facilitation to the investors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">On the occasion, Chief Executive Officer of the Investment Board, Sushil Bhatta urged the investors of Nepal and the United Kingdom to capitalize on the immense potential of Nepal’s energy sector. He said that the Board is committed to attract and promote foreign and green investment in the region. He added that the Government of Nepal has created a favorable environment for investment by developing timely policies and laws for the development of renewable energy.</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"">During the virtual discussions, an agreement was reached between the private sector of Nepal and the United Kingdom to reduce carbon emissions and build a green and sustainable economy. Such an agreement was reached on the basis of the Paris agreement.</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/COP26_Banner.jpg" style="height:450px; width:800px" /></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13799', 'image' => '20210930010718_go8922.jpg', 'article_date' => '2021-09-30 13:06:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14053', 'article_category_id' => '1', 'title' => 'Nepal Becomes Part of BRI Literary Network ', 'sub_title' => '', 'summary' => 'September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese Writers' Association is the founder and Nepal Academy is the co-founder of the Network that aims to undertake research on literature, culture and civilization, carry out translation works, protect copy right, publish literary books and exchange culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The network was established with the representation of government academies of over 100 countries linked to the BRI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his virtual address to a joint meeting, Chancellor of Nepal Academy Ganga Prasad Uprety expressed his belief that the shared platform would be very effective in exchanging experiences and achievements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have not been able reach anywhere alone in today's competitive world. Very indeed we could reach to our destination with mutual understanding and collaboration. This is an effective platform for this as well," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present on the occasion was Chair of Chinese Writers' Association. Highlighting the need of mutual collaboration in today's era, he said the Belt and Road Literary Network can carry out unlimited tasks in this sector. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13798', 'image' => '20210930102900_W020210908484150930624.jpg', 'article_date' => '2021-09-30 10:28:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14052', 'article_category_id' => '1', 'title' => 'Government Forms Probe Committee to Study the Aviation Sector ', 'sub_title' => '', 'summary' => 'September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The decision was taken just two days after a technical snag forced an aircraft of Buddha air with 73 people on board travelling from Kathmandu to Biratnagar to return back to Kathmandu. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">However, the Ministry of Culture, Tourism and Civil Aviation said it had been considering an investigation to check the condition of domestic aircraft which have reportedly faced technical glitches since the past few years. </span><br /> <span style="font-family:"Arial","sans-serif"">A meeting chaired by Prime Minister Sher Bahadur Deuba on Wednesday (September 29) took a decision to form the five-member committee under the coordination of Buddhi Sagar Lamichhane, joint-secretary at the Minister of Culture, Tourism and Civil Aviation.<br /> According to a statement issued by the ministry, other members of the committee include former director of the Civil Aviation Authority Nepal (CAAN), Bhesh Raj Subedi, senior captain Krishna Bahadur Poudel and under-secretary of Tourism Ministry Pramod Nepal. CAAN manager Laxman Devkota has been designated as a member-secretary of the probe committee, states the press release.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee was formed to take stock of physical, mechanical and other conditions of airplanes and helicopters of airlines companies operating domestic flights in Nepal. </span><br /> <span style="font-family:"Arial","sans-serif"">According to the ministry, the committee has been given a deadline of three months to submit an investigative report on the physical and mechanical status of aircraft operational in Nepal. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee will also examine the audit reports of the aircrafts belonging to the domestic airline companies that have been operating both internal and international flights from Nepal. It has also been entrusted with the responsibility to examine whether the airline companies have met the criteria related to the aircraft crew members or not and to check if the companies have been complying with the aviation safety standards outlined by the International Civil Aviation Organisation (ICAO).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The press statement issued by the ministry states that it is essential to make the flights flawless. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee is expected to make recommendations for improving aviation safety after completing the probe.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee has been given the authority to recommend action against any company that has not been following the aviation safety standards. The government can ban flights and keep the aircraft grounded if any airline operator is found to have breached the aviation safety protocol.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13797', 'image' => '20210930101937_20210526022651_20190131011945_ATR.jpg', 'article_date' => '2021-09-30 10:18:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14049', 'article_category_id' => '1', 'title' => 'Home Minister Assures of Security Arrangement, Market Management During Festivals ', 'sub_title' => '', 'summary' => 'September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing directives to chief district officers, police chiefs and chiefs of traffic police divisions of the three districts of Kathmandu Valley for security arrangements and market management during the festive season on Tuesday, Home Minister Khand made it clear that people should not suffer from price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also urged them to provide efficient services to citizens. "It is necessary to make traffic management smooth and to do away with road potholes," he said </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer of Kathmandu, Govinda Rijal, Chief District Officer of Lalitpur, Ghanshyam Upadhyay, Chief District Officer of Bhaktapur, Rudra Devi Sharma, Chief of Metropolitan Police Range, Kathmandu, Ashok Singh, Chief of Lalitpur Police Range, Kiran Bajracharya, Chief of Bhaktapur Police, Shiva Kumar Shrestha, presented festival-targeted security plan and plan for market management. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Chief of Metropolitan Traffic Division, Janak Raj Bhattarai, presented traffic management action plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Home Minister Khand urged them to pay attention to put the plan in practice. - RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13796', 'image' => '20210929041626_20151012034645_cs.jpg', 'article_date' => '2021-09-29 16:15:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14051', 'article_category_id' => '1', 'title' => 'Banks Fail to get New Deposits despite Raising Interest Rate', 'sub_title' => '', 'summary' => 'September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. The commercial banks had raised interest rates from September 17 onwards. With the increased interest rate, banks have been able to collect only Rs 8.32 billion deposits, informed Nepal Bankers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a week before the interest rate was raised, Rs 26.30 billion was raised while the deposits collected a week before it was Rs 16 billion. Deposits even close to this volume couldn't be collected ever since the interest rate was revised.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Until September 17, commercial banks were providing seven percent interest rate on deposits. Commercial banks had increased interest rate due to the liquidity crunch. Sunrise Bank and Sanima Bank had increased the interest rate to double digits while other banks had raised it to more than nine percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">With the expectation to manage liquidity, banks had increased the interest rate. However, deposit collection hasn’t increased as expected. At present, due to lack of government expenditure, deposits in banks are declining. Government expenditure is considered to be the major source of bank deposits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Santosh Koirala, Chief Executive Officer (CEO) of Machhapuchchhre Bank, said despite the increase in interest rates, deposits did not grow as expected. "Government spending, donors' funds and remittances are the major sources of new deposits. Since there has not been any government expenditure, no funds received from donors and the inflow of remittances is also not encouraging, therefor the deposit collection has not increased," added Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ever since the banks announced an increase in interest rates, deposits from one bank have been transferred to another bank. "Customers are depositing their money in the bank which is offering the highest interest rate," he said, adding, "However, there is no increase in deposits in the overall system. The government should step up its spending to increase the volume of deposits while banks might also witness increase in deposits post Dashain.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">People tend to keep cash at home for Dashain which has also affected deposit collection of banks. Bankers say the number of people withdrawing money is higher than the number of depositors due to the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Although the collection of deposits has not increased, the credit flow has increased significantly. Since September 17, banks have disbursed loans of Rs 30.83 billion against the deposit collection of Rs 8 billion. A week before it, banks had provided borrowers with loans of Rs 28 billion and Rs 25 billion the previous week. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Koirala said that loan disbursement has increased despite the shortage of liquidity. He said it is the right time for the credit flow. "Due to the festive season the economic activity is increasing and imports is also set to increase. Accordingly, the flow of credit increases at this time," he said, "In some cases we make commitment to many clients to give loans at this time. Therefore, credit flow has increased. But there is a problem in managing resources."</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13795', 'image' => '20210929044639_202011230546n.jpg', 'article_date' => '2021-09-29 16:45:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14048', 'article_category_id' => '1', 'title' => 'Manang Opens up for Foreign Tourists amid Declining Threat of Covid-19 Infection', 'sub_title' => '', 'summary' => 'September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic. But the DAO has imposed health protocol for the tourists saying that they submit a COVID-19 test report, hotel bookings and certificate of vaccination against the virus, informed Chief District Officer Bishnu Lamichhane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The infection has not yet under full control. Only the rate of infection has declined. Health protocols should be followed while reviving tourism amid the risk of infection," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision in this regard was taken during a meeting of the district COVID-19 crisis management committee and the district administration office, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anyone visiting the district needs to take permission from the district administration beforehand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the major tourist destination in and around Manang include the Tilocho Lake (4919 Meters), Thorang La pass, Mutkinath Temple, and Annapurna Circuit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Besides, tourists arrive here in course of climbing the Annapurna II, IV, Lamjung, Gangapuran, Ganesh Himal and Nilgiri mountain range. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">The peak season for tourism is from September to November in general. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13793', 'image' => '20210929025943_Manang.jpg', 'article_date' => '2021-09-29 14:58:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14063', 'article_category_id' => '1', 'title' => 'Upgrading of Kalanki-Dhobi Khola Section of Ring Road Delayed ', 'sub_title' => '', 'summary' => 'October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum yet.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum yet. Three and a half years have passed in clearing the site and preparing the Detailed Project Report (DPR) since the signing of the Memorandum of Understanding (MoU) between Nepal and the China in February 2018 to expand the 8-lane road. The Chinese side has informed the Department of Roads via email that the DPR has already been prepared.</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 upgrading of the 11.6 km long section of ring road is being done with grant assistance from China. China has already handed over the Kalanki-Koteshwor section of the 27km ring road by widening it to eight lanes. The northern neighbor had also agreed to upgrade the Kalanki-Maharajgunj section in the second phase. Even after three and a half years, the entire site has not been cleared and Nepal has not received the DPR report. </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"">Director-General of the Department of Roads Arjun Jung Thapa said that the Chinese side has ignored the project for the last two 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"">The project was also delayed due to the impact of Covid-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Even though the Forestry Department cut down the trees along the road section on time, it has been difficult to move the electricity line," Thapa 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"">Similarly, the site has not been cleared in the Narayan Gopal Chowk area.</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 this section, about 23 houses will have to be demolished and 44 plots of land will have to be acquired. However, there is a problem with land acquisition. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the standards of 2034 BS, the right of way of the road was 15/15 meters. </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"">Thapa said that the private lands should be acquired according to the criteria. Rs 4 billion should be spent on compensation for land acquisition</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"">“There is a problem to manage this large amount of money and the government is not able to provide compensation immediately, and the evaluation is also delayed. It took some time to find out whether the land was acquired in 2034 BS," Thapa said. "After that, the district administration office in Kathmandu has formed a sub-committee to evaluate it. He said that due to these reasons, the project has been delayed.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13808', 'image' => '20211001023947_20200313030544_3ca3104842e4a54d54.jpeg', 'article_date' => '2021-10-01 14:39:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14062', 'article_category_id' => '1', 'title' => 'Nepal and India Review Progress of Post-Earthquake Reconstruction Projects in Nepal ', 'sub_title' => '', 'summary' => 'October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was co-chaired by Anurag Srivastava, Joint Secretary (North) under the Ministry of External Affairs of India and Nepal’s National Reconstruction Authority’s Secretary Sushil Chandra Tiwari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting carried out a comprehensive review of the progress of post-earthquake reconstruction projects in housing, education, health and cultural heritage sectors in Nepal assisted by the Indian government, according to a statement issued by the Embassy of India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both sides expressed satisfaction on the successful completion of 50,000 houses in Gorkha and Nuwakot districts of Nepal, constructed under the Government of India's assistance to the housing sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, both sides also noted with appreciation the progress achieved in reconstruction projects being undertaken under education, cultural heritage and health sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The co-chairs agreed to hold the next meeting of the JPMC on a mutually convenient date. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The JPMC Mechanism was set up in August 2017 to monitor the progress of India-assisted post-earthquake reconstruction projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by representatives of concerned ministries, departments and agencies of the Government of Nepal, as well as officials of the Government of India, consultants and other stakeholders engaged in implementation of the projects. The last JPMC meeting was held on 8th March 2020 in Kathmandu. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13807', 'image' => '20211001022603_Flag-Pins-Nepal-India.jpg', 'article_date' => '2021-10-01 14:25:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14061', 'article_category_id' => '1', 'title' => 'BFIs Facing Extreme Liquidity Crisis', 'sub_title' => '', 'summary' => 'October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank. NRB has repeatedly issued repo of Rs 130 billion in the last one month due to liquidity crisis in the banking sector, in which BFIs have demanded an average of 2.48 times more. </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 terms of money, A, B, and C class banks and financial institutions have demanded Rs 322.85 billion to manage liquidity. This indicates that the banking sector is facing extreme liquidity crisis. According to the central bank, all the banks have been taking part in the bids.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Due to the liquidity crisis in the banking sector, the NRB had issued repo five times after September 2. The demand has been more than the amount placed for bids.</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"">Some stakeholders have also suspected that the banks have artificially created a liquidity crisis. Commercial banks disbursed Rs 31 billion in the third week of September. Deposit collection during that period is only Rs 8 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Banks have expressed dissatisfaction over the implementation of credit-deposit (CD) ratio by the central bank. Stakeholders suspect that the BFIs might have created artificial crisis due to this very reason. However, the repeated issuance of repo by the NRB and the application for bids surpassing the demand for repo confirm that the liquidity crisis in the banking sector is genuine.</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"">When there is liquidity crisis, NRB releases money to the banking sector through instruments such as repo. A limited amount is kept for bidding and BFIs can participate in the bidding process.</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"">Executive Director and chief of the Public Debt Management Department of NRB, Naresh Shakya, confirmed that there is liquidity crisis in the banking sector. “We have been issuing repo several times due to the liquidity crisis in the market. Every time there is more demand than the amount put in for bidding,” he said, “It seems that there is a huge liquidity crisis in the banking 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"">Chairman of the Nepal Bankers Association Bhuvan Dahal also said that the problem of liquidity crisis persists and there are indications that this problem will not be resolved immediately.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“We were hopeful that the liquidity crunch would be resolved soon and interest rates would come down from mid-October. It was said that liquidity would come through refinancing, remittances and government spending. However, it did not seem to happen immediately,” he said “Now the inflow of remittances has decreased. The balance of payments (BOP) is also negative. The negative signals in such indicators are likely to prolong the liquidity crunch.”</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 said that now the banks should reduce the flow of credit. “Despite the liquidity crunch, there is a huge flow of credit. If this continues, the situation could get worse,” he said, “Therefore the banks should tighten the flow of credit. In addition, the Ministry of Finance and the central bank should also play a supportive role.” </span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13806', 'image' => '20211001020932_Banks.jpg', 'article_date' => '2021-10-01 14:08:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14060', 'article_category_id' => '1', 'title' => 'Shuklaphanta National Park Opened for Tourists ', 'sub_title' => '', 'summary' => 'October 1: The Shuklaphanta National Park has been opened for domestic and international tourists.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Shuklaphanta National Park has been opened for domestic and international tourists. All the tourism activities are now opened in the national park except for elephant safari, informed Chief Conservation Officer Dil Bahadur Purja Magar. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism activities in the national park were suspended for almost five months after the surge of coronavirus cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Pun shared that jungle safari, jungle walk, rafting, camping, fishing and other tourist activities have resumed in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He, however, said that the visitors should fully abide by health protocols adding that the use of facemask and sanitiser are mandatory. Nature guide is also mandatory for the visitors going for jungle safari and jungle walk, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A tour guide can guide upto three tourists while two tour guides can lead maximum of 10 tourists in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The national park spread over 305 sq km is famous for swamp deer and pastureland. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13805', 'image' => '20211001125535_800px-Ranitaal1.jpg', 'article_date' => '2021-10-01 12:54:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14059', 'article_category_id' => '1', 'title' => 'Home Ministry Denies Issuing Order to ban Public Gatherings', 'sub_title' => '', 'summary' => ' October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings to be conducted in line with constitution, existing laws and by following the health protocol issued by the government for containing COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Thursday, spokesperson of the ministry Phadindra Mani Pokharel said that no such order has been issued to ban the events that can be organized by following the health protocols. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry also said that its serious attention has been drawn towards the public’s concerns regarding the orders issued by the district administration offices of Kathmandu and Bhaktapur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on Thursday, the district administration offices of Kathmandu and Bhaktapur had requested the public not to hold unnecessary gatherings, conferences, processions, and festivals, arguing that the risk of corona virus infection was yet to subside. -- RSS </span></span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13804', 'image' => '20211001114103_new_logo.jpg', 'article_date' => '2021-10-01 11:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14058', 'article_category_id' => '1', 'title' => 'Nepal Fails to meet Recommended Milk Consumption: NDA', 'sub_title' => '', 'summary' => 'September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this context, Nepal Dairy Association (NDA) has concluded that the stakeholders should work towards ensuring milk consumption of 92 litres per person per year at least for the children in the coming days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The need for meeting the recommended milk consumption has been highlighted on the occasion of the World School Milk Day. The first World School Milk Day was celebrated in September 2000 and has since become an annual event promoted by the FAO (Food and Agricultural Organization of the United Nations). The celebration of the Day in Nepal was first started by Nepal Dairy Association in 2016. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General Secretary of NDA Prahlad Dahal said they are celebrating the World School Milk Day by organizing various programmes in all provinces, districts and local levels this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The purpose of celebrating the Day is to reinforce the nutritional value of milk. Milk is taken as complete food. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk and dairy products continue to play a vital role in children’s diets. A carton of school milk provides a 4-6 year old with 52 percent of their recommended calcium intake; 59 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 59 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, for older children aged 7-10 years, a carton of milk provides: 42 percent their recommended calcium intake; 53 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 47 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk also provides energy and protein for their growth and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">World School Milk Day is celebrated in many countries, with an increasing number of activities taking place each year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13803', 'image' => '20210930041809_20181231125436_aaaa.jpg', 'article_date' => '2021-09-30 16:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14057', 'article_category_id' => '1', 'title' => 'Hydro Project Sees Delay in Installation of Equipment', 'sub_title' => '', 'summary' => 'September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">No equipment has been so far installed in the power house due to dilly-dallying of VOITH India, an Indian company responsible for equipment placement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Project Chief Chhabi Gaire shared that they have repeatedly asked the Indian company to comply with the memorandum of understanding but to no avail. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The company was entrusted with the responsibility to accomplish the given works, including import and installation of equipment at a contract price of Rs 2.8 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 111-MW project requires a year-long time for installing the equipment in power house and so far 50 percent of the progress has to be made. However, it has resulted in the delay in the production of power from the project due to negligence of the contractor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The equipment to be installed in the power house have been already stored in the project site and the installation would take momentum once the technical human resources are available. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13802', 'image' => '20210930040747_hydro.jpg', 'article_date' => '2021-09-30 16:06:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14056', 'article_category_id' => '1', 'title' => 'Finance Minister Expresses Concern Over Delay in Settlement of Covid-19 Insurance ', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. However, the reaction has come almost two months after the settlement of coronavirus insurance claims was stopped. The government had ignored the issue as it was itself responsible for the halt in the settlement of insurance claims.</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 finance minister met the chairman of the Insurance Board Surya Prasad Silwal and other representatives on Wednesday, September 30, and directed them to resume the settlement of insurance claims related to Covid-19.</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 resolve the issue of ensuring necessary resources and capital required to settle the claims as soon as possible.</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"">Non-life insurance companies have stopped the settlement of Covid-19 insurance claims since the second week of July after the government failed to release the required budget. The previous government had also ignored the issue. However, the Ministry of Finance has shown renewed interest in resolving this problem.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government is liable to pay more than Rs 3.5 billion to the insurance companies. Clients of those companies have made insurance claims of Rs 13.14 billion as of mid-July 2021 but the government has released only Rs 9.64 billion so far. The insurance companies stopped settling the insurance claims after the government failed to release the amount.</span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13801', 'image' => '20210930032516_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2021-09-30 15:24:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14055', 'article_category_id' => '1', 'title' => 'Damaged Fertiliser Stuck at Birgunj Dry Port for More than 1 Year', 'sub_title' => '', 'summary' => 'September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. ', 'content' => '<p><strong>Om Prakash Khanal</strong></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. A total of 126,000 sacks (6,300 metric tons) of </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Di-ammonium phosphate</span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> (DAP) ordered by Salt Trading Corporation and Agriculture Inputs Company Limited have been stranded at the port.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Chief Customs Officer of Birgunj Dry Port Lal Bahadur Khatri said that they are unable to dispose the damaged fertiliser as the supplier has not come in contact yet. “We have confiscated the spoiled fertiliser. Such fertilisers should be destroyed because they cannot get customs clearance,” he told New Business Age.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The fertiliser is currently dumped on a vacant land of the railway track at the port. As it takes up space in the warehouse, it is kept on the space between the two tracks of the railway.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">There is confusion as to how to destroy the fertilizer. Port operator Pristine Valley Dryport Pvt. Ltd is pressurizing to remove the damaged fertiliser from the port. However, the customs administration is confused as the supplier is out of contact.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Khatri said that the supplier company is responsible for destroying the damaged fertiliser. “But, as the supplier is not in contact, the fertliser is piled up in the land of the port,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Swiss Singapore Overseas Enterprises of Dubai, United Arab Emirates is responsible for the supply of the fertiliser. Among the damaged fertilizer, 5,000 metric tons belonged to STC and the rest to the Agricultural Inputs Company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In mid-August last year, it was found that the fertiliser that entered Birgunj by train through Kolkata port was soaked and damaged due to the Amphan storm. So, the customs did not pass the inspection.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Amoj Lamichhane, chief of the Salt Trading Corporation Birgunj, claimed that they did not suffer any financial loss as the supplier had borne the loss for the. He said that it is the responsibility of the supplier for destroying the damaged fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the customs office, they do not have enough space to destroy those fertilisers within the port while they have not been able to dump it elsewhere.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Port operator Pristine Valley has been saying that the port operation has become inconvenient due to dumped fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“We are facing difficulties in managing the port due to the lack of space. Large quantities of the fertiliser have become an additional problem,” said B Mohan, executive director of Pristine Valley. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13800', 'image' => '20210930021440_1632950325.Clipboard07.jpg', 'article_date' => '2021-09-30 14:13:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14054', 'article_category_id' => '1', 'title' => 'Finance Minister Urges British Investors to Invest in Green Infrastructure of Nepal', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. ', 'content' => '<p><em>Photo Courtesy: Investment Board Nepal</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. The “United Nations Climate Change Conference” is to be held Scotland, UK from November 1 to 12. As groundwork for the conference, a virtual meeting was held on Wednesday, September 29 at the initiative of the Investment Board, the Nepalese Embassy in the UK and the Department of International Trade of the United Kingdom. Addressing the meeting, the Vice Chair of the Investment Board and Financec Minister Janardan Sharma urged investors from Britain to benefit from investing in Nepal’s green infrastructure.</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/Honorable%20Finance%20Minister%20Mr.%20Janardan%20Sharma%20Delivering%20Remarks.jpg" style="height:399px; width:600px" /></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 export of clean and renewable energy produced in Nepal will also help reduce the carbon burden of neighboring countries, said Minister Sharma. He urged British investors to support Nepal's goal </span><span style="font-family:"Arial Unicode MS","sans-serif"">of getting graduated to high middle income country by 2030</span><span style="font-family:"Times New Roman","serif"">. He expressed the commitment of the Government of Nepal to extend full support and facilitation to the investors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">On the occasion, Chief Executive Officer of the Investment Board, Sushil Bhatta urged the investors of Nepal and the United Kingdom to capitalize on the immense potential of Nepal’s energy sector. He said that the Board is committed to attract and promote foreign and green investment in the region. He added that the Government of Nepal has created a favorable environment for investment by developing timely policies and laws for the development of renewable energy.</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"">During the virtual discussions, an agreement was reached between the private sector of Nepal and the United Kingdom to reduce carbon emissions and build a green and sustainable economy. Such an agreement was reached on the basis of the Paris agreement.</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/COP26_Banner.jpg" style="height:450px; width:800px" /></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13799', 'image' => '20210930010718_go8922.jpg', 'article_date' => '2021-09-30 13:06:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14053', 'article_category_id' => '1', 'title' => 'Nepal Becomes Part of BRI Literary Network ', 'sub_title' => '', 'summary' => 'September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese Writers' Association is the founder and Nepal Academy is the co-founder of the Network that aims to undertake research on literature, culture and civilization, carry out translation works, protect copy right, publish literary books and exchange culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The network was established with the representation of government academies of over 100 countries linked to the BRI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his virtual address to a joint meeting, Chancellor of Nepal Academy Ganga Prasad Uprety expressed his belief that the shared platform would be very effective in exchanging experiences and achievements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have not been able reach anywhere alone in today's competitive world. Very indeed we could reach to our destination with mutual understanding and collaboration. This is an effective platform for this as well," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present on the occasion was Chair of Chinese Writers' Association. Highlighting the need of mutual collaboration in today's era, he said the Belt and Road Literary Network can carry out unlimited tasks in this sector. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13798', 'image' => '20210930102900_W020210908484150930624.jpg', 'article_date' => '2021-09-30 10:28:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14052', 'article_category_id' => '1', 'title' => 'Government Forms Probe Committee to Study the Aviation Sector ', 'sub_title' => '', 'summary' => 'September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The decision was taken just two days after a technical snag forced an aircraft of Buddha air with 73 people on board travelling from Kathmandu to Biratnagar to return back to Kathmandu. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">However, the Ministry of Culture, Tourism and Civil Aviation said it had been considering an investigation to check the condition of domestic aircraft which have reportedly faced technical glitches since the past few years. </span><br /> <span style="font-family:"Arial","sans-serif"">A meeting chaired by Prime Minister Sher Bahadur Deuba on Wednesday (September 29) took a decision to form the five-member committee under the coordination of Buddhi Sagar Lamichhane, joint-secretary at the Minister of Culture, Tourism and Civil Aviation.<br /> According to a statement issued by the ministry, other members of the committee include former director of the Civil Aviation Authority Nepal (CAAN), Bhesh Raj Subedi, senior captain Krishna Bahadur Poudel and under-secretary of Tourism Ministry Pramod Nepal. CAAN manager Laxman Devkota has been designated as a member-secretary of the probe committee, states the press release.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee was formed to take stock of physical, mechanical and other conditions of airplanes and helicopters of airlines companies operating domestic flights in Nepal. </span><br /> <span style="font-family:"Arial","sans-serif"">According to the ministry, the committee has been given a deadline of three months to submit an investigative report on the physical and mechanical status of aircraft operational in Nepal. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee will also examine the audit reports of the aircrafts belonging to the domestic airline companies that have been operating both internal and international flights from Nepal. It has also been entrusted with the responsibility to examine whether the airline companies have met the criteria related to the aircraft crew members or not and to check if the companies have been complying with the aviation safety standards outlined by the International Civil Aviation Organisation (ICAO).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The press statement issued by the ministry states that it is essential to make the flights flawless. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee is expected to make recommendations for improving aviation safety after completing the probe.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee has been given the authority to recommend action against any company that has not been following the aviation safety standards. The government can ban flights and keep the aircraft grounded if any airline operator is found to have breached the aviation safety protocol.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13797', 'image' => '20210930101937_20210526022651_20190131011945_ATR.jpg', 'article_date' => '2021-09-30 10:18:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14049', 'article_category_id' => '1', 'title' => 'Home Minister Assures of Security Arrangement, Market Management During Festivals ', 'sub_title' => '', 'summary' => 'September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing directives to chief district officers, police chiefs and chiefs of traffic police divisions of the three districts of Kathmandu Valley for security arrangements and market management during the festive season on Tuesday, Home Minister Khand made it clear that people should not suffer from price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also urged them to provide efficient services to citizens. "It is necessary to make traffic management smooth and to do away with road potholes," he said </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer of Kathmandu, Govinda Rijal, Chief District Officer of Lalitpur, Ghanshyam Upadhyay, Chief District Officer of Bhaktapur, Rudra Devi Sharma, Chief of Metropolitan Police Range, Kathmandu, Ashok Singh, Chief of Lalitpur Police Range, Kiran Bajracharya, Chief of Bhaktapur Police, Shiva Kumar Shrestha, presented festival-targeted security plan and plan for market management. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Chief of Metropolitan Traffic Division, Janak Raj Bhattarai, presented traffic management action plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Home Minister Khand urged them to pay attention to put the plan in practice. - RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13796', 'image' => '20210929041626_20151012034645_cs.jpg', 'article_date' => '2021-09-29 16:15:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14051', 'article_category_id' => '1', 'title' => 'Banks Fail to get New Deposits despite Raising Interest Rate', 'sub_title' => '', 'summary' => 'September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. The commercial banks had raised interest rates from September 17 onwards. With the increased interest rate, banks have been able to collect only Rs 8.32 billion deposits, informed Nepal Bankers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a week before the interest rate was raised, Rs 26.30 billion was raised while the deposits collected a week before it was Rs 16 billion. Deposits even close to this volume couldn't be collected ever since the interest rate was revised.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Until September 17, commercial banks were providing seven percent interest rate on deposits. Commercial banks had increased interest rate due to the liquidity crunch. Sunrise Bank and Sanima Bank had increased the interest rate to double digits while other banks had raised it to more than nine percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">With the expectation to manage liquidity, banks had increased the interest rate. However, deposit collection hasn’t increased as expected. At present, due to lack of government expenditure, deposits in banks are declining. Government expenditure is considered to be the major source of bank deposits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Santosh Koirala, Chief Executive Officer (CEO) of Machhapuchchhre Bank, said despite the increase in interest rates, deposits did not grow as expected. "Government spending, donors' funds and remittances are the major sources of new deposits. Since there has not been any government expenditure, no funds received from donors and the inflow of remittances is also not encouraging, therefor the deposit collection has not increased," added Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ever since the banks announced an increase in interest rates, deposits from one bank have been transferred to another bank. "Customers are depositing their money in the bank which is offering the highest interest rate," he said, adding, "However, there is no increase in deposits in the overall system. The government should step up its spending to increase the volume of deposits while banks might also witness increase in deposits post Dashain.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">People tend to keep cash at home for Dashain which has also affected deposit collection of banks. Bankers say the number of people withdrawing money is higher than the number of depositors due to the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Although the collection of deposits has not increased, the credit flow has increased significantly. Since September 17, banks have disbursed loans of Rs 30.83 billion against the deposit collection of Rs 8 billion. A week before it, banks had provided borrowers with loans of Rs 28 billion and Rs 25 billion the previous week. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Koirala said that loan disbursement has increased despite the shortage of liquidity. He said it is the right time for the credit flow. "Due to the festive season the economic activity is increasing and imports is also set to increase. Accordingly, the flow of credit increases at this time," he said, "In some cases we make commitment to many clients to give loans at this time. Therefore, credit flow has increased. But there is a problem in managing resources."</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13795', 'image' => '20210929044639_202011230546n.jpg', 'article_date' => '2021-09-29 16:45:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14048', 'article_category_id' => '1', 'title' => 'Manang Opens up for Foreign Tourists amid Declining Threat of Covid-19 Infection', 'sub_title' => '', 'summary' => 'September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic. But the DAO has imposed health protocol for the tourists saying that they submit a COVID-19 test report, hotel bookings and certificate of vaccination against the virus, informed Chief District Officer Bishnu Lamichhane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The infection has not yet under full control. Only the rate of infection has declined. Health protocols should be followed while reviving tourism amid the risk of infection," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision in this regard was taken during a meeting of the district COVID-19 crisis management committee and the district administration office, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anyone visiting the district needs to take permission from the district administration beforehand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the major tourist destination in and around Manang include the Tilocho Lake (4919 Meters), Thorang La pass, Mutkinath Temple, and Annapurna Circuit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Besides, tourists arrive here in course of climbing the Annapurna II, IV, Lamjung, Gangapuran, Ganesh Himal and Nilgiri mountain range. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">The peak season for tourism is from September to November in general. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13793', 'image' => '20210929025943_Manang.jpg', 'article_date' => '2021-09-29 14:58:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14063', 'article_category_id' => '1', 'title' => 'Upgrading of Kalanki-Dhobi Khola Section of Ring Road Delayed ', 'sub_title' => '', 'summary' => 'October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum yet.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: The Kalanki-Maharajgunj-Dhobikhola road expansion under the second phase of the ring road expansion project has not gained momentum yet. Three and a half years have passed in clearing the site and preparing the Detailed Project Report (DPR) since the signing of the Memorandum of Understanding (MoU) between Nepal and the China in February 2018 to expand the 8-lane road. The Chinese side has informed the Department of Roads via email that the DPR has already been prepared.</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 upgrading of the 11.6 km long section of ring road is being done with grant assistance from China. China has already handed over the Kalanki-Koteshwor section of the 27km ring road by widening it to eight lanes. The northern neighbor had also agreed to upgrade the Kalanki-Maharajgunj section in the second phase. Even after three and a half years, the entire site has not been cleared and Nepal has not received the DPR report. </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"">Director-General of the Department of Roads Arjun Jung Thapa said that the Chinese side has ignored the project for the last two 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"">The project was also delayed due to the impact of Covid-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Even though the Forestry Department cut down the trees along the road section on time, it has been difficult to move the electricity line," Thapa 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"">Similarly, the site has not been cleared in the Narayan Gopal Chowk area.</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 this section, about 23 houses will have to be demolished and 44 plots of land will have to be acquired. However, there is a problem with land acquisition. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the standards of 2034 BS, the right of way of the road was 15/15 meters. </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"">Thapa said that the private lands should be acquired according to the criteria. Rs 4 billion should be spent on compensation for land acquisition</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"">“There is a problem to manage this large amount of money and the government is not able to provide compensation immediately, and the evaluation is also delayed. It took some time to find out whether the land was acquired in 2034 BS," Thapa said. "After that, the district administration office in Kathmandu has formed a sub-committee to evaluate it. He said that due to these reasons, the project has been delayed.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13808', 'image' => '20211001023947_20200313030544_3ca3104842e4a54d54.jpeg', 'article_date' => '2021-10-01 14:39:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14062', 'article_category_id' => '1', 'title' => 'Nepal and India Review Progress of Post-Earthquake Reconstruction Projects in Nepal ', 'sub_title' => '', 'summary' => 'October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was co-chaired by Anurag Srivastava, Joint Secretary (North) under the Ministry of External Affairs of India and Nepal’s National Reconstruction Authority’s Secretary Sushil Chandra Tiwari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting carried out a comprehensive review of the progress of post-earthquake reconstruction projects in housing, education, health and cultural heritage sectors in Nepal assisted by the Indian government, according to a statement issued by the Embassy of India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both sides expressed satisfaction on the successful completion of 50,000 houses in Gorkha and Nuwakot districts of Nepal, constructed under the Government of India's assistance to the housing sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, both sides also noted with appreciation the progress achieved in reconstruction projects being undertaken under education, cultural heritage and health sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The co-chairs agreed to hold the next meeting of the JPMC on a mutually convenient date. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The JPMC Mechanism was set up in August 2017 to monitor the progress of India-assisted post-earthquake reconstruction projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by representatives of concerned ministries, departments and agencies of the Government of Nepal, as well as officials of the Government of India, consultants and other stakeholders engaged in implementation of the projects. The last JPMC meeting was held on 8th March 2020 in Kathmandu. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13807', 'image' => '20211001022603_Flag-Pins-Nepal-India.jpg', 'article_date' => '2021-10-01 14:25:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14061', 'article_category_id' => '1', 'title' => 'BFIs Facing Extreme Liquidity Crisis', 'sub_title' => '', 'summary' => 'October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank. NRB has repeatedly issued repo of Rs 130 billion in the last one month due to liquidity crisis in the banking sector, in which BFIs have demanded an average of 2.48 times more. </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 terms of money, A, B, and C class banks and financial institutions have demanded Rs 322.85 billion to manage liquidity. This indicates that the banking sector is facing extreme liquidity crisis. According to the central bank, all the banks have been taking part in the bids.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Due to the liquidity crisis in the banking sector, the NRB had issued repo five times after September 2. The demand has been more than the amount placed for bids.</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"">Some stakeholders have also suspected that the banks have artificially created a liquidity crisis. Commercial banks disbursed Rs 31 billion in the third week of September. Deposit collection during that period is only Rs 8 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Banks have expressed dissatisfaction over the implementation of credit-deposit (CD) ratio by the central bank. Stakeholders suspect that the BFIs might have created artificial crisis due to this very reason. However, the repeated issuance of repo by the NRB and the application for bids surpassing the demand for repo confirm that the liquidity crisis in the banking sector is genuine.</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"">When there is liquidity crisis, NRB releases money to the banking sector through instruments such as repo. A limited amount is kept for bidding and BFIs can participate in the bidding process.</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"">Executive Director and chief of the Public Debt Management Department of NRB, Naresh Shakya, confirmed that there is liquidity crisis in the banking sector. “We have been issuing repo several times due to the liquidity crisis in the market. Every time there is more demand than the amount put in for bidding,” he said, “It seems that there is a huge liquidity crisis in the banking 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"">Chairman of the Nepal Bankers Association Bhuvan Dahal also said that the problem of liquidity crisis persists and there are indications that this problem will not be resolved immediately.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“We were hopeful that the liquidity crunch would be resolved soon and interest rates would come down from mid-October. It was said that liquidity would come through refinancing, remittances and government spending. However, it did not seem to happen immediately,” he said “Now the inflow of remittances has decreased. The balance of payments (BOP) is also negative. The negative signals in such indicators are likely to prolong the liquidity crunch.”</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 said that now the banks should reduce the flow of credit. “Despite the liquidity crunch, there is a huge flow of credit. If this continues, the situation could get worse,” he said, “Therefore the banks should tighten the flow of credit. In addition, the Ministry of Finance and the central bank should also play a supportive role.” </span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13806', 'image' => '20211001020932_Banks.jpg', 'article_date' => '2021-10-01 14:08:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14060', 'article_category_id' => '1', 'title' => 'Shuklaphanta National Park Opened for Tourists ', 'sub_title' => '', 'summary' => 'October 1: The Shuklaphanta National Park has been opened for domestic and international tourists.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Shuklaphanta National Park has been opened for domestic and international tourists. All the tourism activities are now opened in the national park except for elephant safari, informed Chief Conservation Officer Dil Bahadur Purja Magar. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism activities in the national park were suspended for almost five months after the surge of coronavirus cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Pun shared that jungle safari, jungle walk, rafting, camping, fishing and other tourist activities have resumed in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He, however, said that the visitors should fully abide by health protocols adding that the use of facemask and sanitiser are mandatory. Nature guide is also mandatory for the visitors going for jungle safari and jungle walk, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A tour guide can guide upto three tourists while two tour guides can lead maximum of 10 tourists in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The national park spread over 305 sq km is famous for swamp deer and pastureland. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13805', 'image' => '20211001125535_800px-Ranitaal1.jpg', 'article_date' => '2021-10-01 12:54:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14059', 'article_category_id' => '1', 'title' => 'Home Ministry Denies Issuing Order to ban Public Gatherings', 'sub_title' => '', 'summary' => ' October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings to be conducted in line with constitution, existing laws and by following the health protocol issued by the government for containing COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Thursday, spokesperson of the ministry Phadindra Mani Pokharel said that no such order has been issued to ban the events that can be organized by following the health protocols. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry also said that its serious attention has been drawn towards the public’s concerns regarding the orders issued by the district administration offices of Kathmandu and Bhaktapur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on Thursday, the district administration offices of Kathmandu and Bhaktapur had requested the public not to hold unnecessary gatherings, conferences, processions, and festivals, arguing that the risk of corona virus infection was yet to subside. -- RSS </span></span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13804', 'image' => '20211001114103_new_logo.jpg', 'article_date' => '2021-10-01 11:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14058', 'article_category_id' => '1', 'title' => 'Nepal Fails to meet Recommended Milk Consumption: NDA', 'sub_title' => '', 'summary' => 'September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this context, Nepal Dairy Association (NDA) has concluded that the stakeholders should work towards ensuring milk consumption of 92 litres per person per year at least for the children in the coming days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The need for meeting the recommended milk consumption has been highlighted on the occasion of the World School Milk Day. The first World School Milk Day was celebrated in September 2000 and has since become an annual event promoted by the FAO (Food and Agricultural Organization of the United Nations). The celebration of the Day in Nepal was first started by Nepal Dairy Association in 2016. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General Secretary of NDA Prahlad Dahal said they are celebrating the World School Milk Day by organizing various programmes in all provinces, districts and local levels this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The purpose of celebrating the Day is to reinforce the nutritional value of milk. Milk is taken as complete food. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk and dairy products continue to play a vital role in children’s diets. A carton of school milk provides a 4-6 year old with 52 percent of their recommended calcium intake; 59 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 59 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, for older children aged 7-10 years, a carton of milk provides: 42 percent their recommended calcium intake; 53 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 47 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk also provides energy and protein for their growth and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">World School Milk Day is celebrated in many countries, with an increasing number of activities taking place each year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13803', 'image' => '20210930041809_20181231125436_aaaa.jpg', 'article_date' => '2021-09-30 16:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14057', 'article_category_id' => '1', 'title' => 'Hydro Project Sees Delay in Installation of Equipment', 'sub_title' => '', 'summary' => 'September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">No equipment has been so far installed in the power house due to dilly-dallying of VOITH India, an Indian company responsible for equipment placement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Project Chief Chhabi Gaire shared that they have repeatedly asked the Indian company to comply with the memorandum of understanding but to no avail. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The company was entrusted with the responsibility to accomplish the given works, including import and installation of equipment at a contract price of Rs 2.8 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 111-MW project requires a year-long time for installing the equipment in power house and so far 50 percent of the progress has to be made. However, it has resulted in the delay in the production of power from the project due to negligence of the contractor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The equipment to be installed in the power house have been already stored in the project site and the installation would take momentum once the technical human resources are available. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13802', 'image' => '20210930040747_hydro.jpg', 'article_date' => '2021-09-30 16:06:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14056', 'article_category_id' => '1', 'title' => 'Finance Minister Expresses Concern Over Delay in Settlement of Covid-19 Insurance ', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. However, the reaction has come almost two months after the settlement of coronavirus insurance claims was stopped. The government had ignored the issue as it was itself responsible for the halt in the settlement of insurance claims.</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 finance minister met the chairman of the Insurance Board Surya Prasad Silwal and other representatives on Wednesday, September 30, and directed them to resume the settlement of insurance claims related to Covid-19.</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 resolve the issue of ensuring necessary resources and capital required to settle the claims as soon as possible.</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"">Non-life insurance companies have stopped the settlement of Covid-19 insurance claims since the second week of July after the government failed to release the required budget. The previous government had also ignored the issue. However, the Ministry of Finance has shown renewed interest in resolving this problem.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government is liable to pay more than Rs 3.5 billion to the insurance companies. Clients of those companies have made insurance claims of Rs 13.14 billion as of mid-July 2021 but the government has released only Rs 9.64 billion so far. The insurance companies stopped settling the insurance claims after the government failed to release the amount.</span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13801', 'image' => '20210930032516_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2021-09-30 15:24:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14055', 'article_category_id' => '1', 'title' => 'Damaged Fertiliser Stuck at Birgunj Dry Port for More than 1 Year', 'sub_title' => '', 'summary' => 'September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. ', 'content' => '<p><strong>Om Prakash Khanal</strong></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. A total of 126,000 sacks (6,300 metric tons) of </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Di-ammonium phosphate</span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> (DAP) ordered by Salt Trading Corporation and Agriculture Inputs Company Limited have been stranded at the port.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Chief Customs Officer of Birgunj Dry Port Lal Bahadur Khatri said that they are unable to dispose the damaged fertiliser as the supplier has not come in contact yet. “We have confiscated the spoiled fertiliser. Such fertilisers should be destroyed because they cannot get customs clearance,” he told New Business Age.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The fertiliser is currently dumped on a vacant land of the railway track at the port. As it takes up space in the warehouse, it is kept on the space between the two tracks of the railway.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">There is confusion as to how to destroy the fertilizer. Port operator Pristine Valley Dryport Pvt. Ltd is pressurizing to remove the damaged fertiliser from the port. However, the customs administration is confused as the supplier is out of contact.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Khatri said that the supplier company is responsible for destroying the damaged fertiliser. “But, as the supplier is not in contact, the fertliser is piled up in the land of the port,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Swiss Singapore Overseas Enterprises of Dubai, United Arab Emirates is responsible for the supply of the fertiliser. Among the damaged fertilizer, 5,000 metric tons belonged to STC and the rest to the Agricultural Inputs Company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In mid-August last year, it was found that the fertiliser that entered Birgunj by train through Kolkata port was soaked and damaged due to the Amphan storm. So, the customs did not pass the inspection.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Amoj Lamichhane, chief of the Salt Trading Corporation Birgunj, claimed that they did not suffer any financial loss as the supplier had borne the loss for the. He said that it is the responsibility of the supplier for destroying the damaged fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the customs office, they do not have enough space to destroy those fertilisers within the port while they have not been able to dump it elsewhere.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Port operator Pristine Valley has been saying that the port operation has become inconvenient due to dumped fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“We are facing difficulties in managing the port due to the lack of space. Large quantities of the fertiliser have become an additional problem,” said B Mohan, executive director of Pristine Valley. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13800', 'image' => '20210930021440_1632950325.Clipboard07.jpg', 'article_date' => '2021-09-30 14:13:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14054', 'article_category_id' => '1', 'title' => 'Finance Minister Urges British Investors to Invest in Green Infrastructure of Nepal', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. ', 'content' => '<p><em>Photo Courtesy: Investment Board Nepal</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. The “United Nations Climate Change Conference” is to be held Scotland, UK from November 1 to 12. As groundwork for the conference, a virtual meeting was held on Wednesday, September 29 at the initiative of the Investment Board, the Nepalese Embassy in the UK and the Department of International Trade of the United Kingdom. Addressing the meeting, the Vice Chair of the Investment Board and Financec Minister Janardan Sharma urged investors from Britain to benefit from investing in Nepal’s green infrastructure.</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/Honorable%20Finance%20Minister%20Mr.%20Janardan%20Sharma%20Delivering%20Remarks.jpg" style="height:399px; width:600px" /></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 export of clean and renewable energy produced in Nepal will also help reduce the carbon burden of neighboring countries, said Minister Sharma. He urged British investors to support Nepal's goal </span><span style="font-family:"Arial Unicode MS","sans-serif"">of getting graduated to high middle income country by 2030</span><span style="font-family:"Times New Roman","serif"">. He expressed the commitment of the Government of Nepal to extend full support and facilitation to the investors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">On the occasion, Chief Executive Officer of the Investment Board, Sushil Bhatta urged the investors of Nepal and the United Kingdom to capitalize on the immense potential of Nepal’s energy sector. He said that the Board is committed to attract and promote foreign and green investment in the region. He added that the Government of Nepal has created a favorable environment for investment by developing timely policies and laws for the development of renewable energy.</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"">During the virtual discussions, an agreement was reached between the private sector of Nepal and the United Kingdom to reduce carbon emissions and build a green and sustainable economy. Such an agreement was reached on the basis of the Paris agreement.</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/COP26_Banner.jpg" style="height:450px; width:800px" /></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13799', 'image' => '20210930010718_go8922.jpg', 'article_date' => '2021-09-30 13:06:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14053', 'article_category_id' => '1', 'title' => 'Nepal Becomes Part of BRI Literary Network ', 'sub_title' => '', 'summary' => 'September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese Writers' Association is the founder and Nepal Academy is the co-founder of the Network that aims to undertake research on literature, culture and civilization, carry out translation works, protect copy right, publish literary books and exchange culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The network was established with the representation of government academies of over 100 countries linked to the BRI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his virtual address to a joint meeting, Chancellor of Nepal Academy Ganga Prasad Uprety expressed his belief that the shared platform would be very effective in exchanging experiences and achievements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have not been able reach anywhere alone in today's competitive world. Very indeed we could reach to our destination with mutual understanding and collaboration. This is an effective platform for this as well," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present on the occasion was Chair of Chinese Writers' Association. Highlighting the need of mutual collaboration in today's era, he said the Belt and Road Literary Network can carry out unlimited tasks in this sector. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13798', 'image' => '20210930102900_W020210908484150930624.jpg', 'article_date' => '2021-09-30 10:28:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14052', 'article_category_id' => '1', 'title' => 'Government Forms Probe Committee to Study the Aviation Sector ', 'sub_title' => '', 'summary' => 'September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The decision was taken just two days after a technical snag forced an aircraft of Buddha air with 73 people on board travelling from Kathmandu to Biratnagar to return back to Kathmandu. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">However, the Ministry of Culture, Tourism and Civil Aviation said it had been considering an investigation to check the condition of domestic aircraft which have reportedly faced technical glitches since the past few years. </span><br /> <span style="font-family:"Arial","sans-serif"">A meeting chaired by Prime Minister Sher Bahadur Deuba on Wednesday (September 29) took a decision to form the five-member committee under the coordination of Buddhi Sagar Lamichhane, joint-secretary at the Minister of Culture, Tourism and Civil Aviation.<br /> According to a statement issued by the ministry, other members of the committee include former director of the Civil Aviation Authority Nepal (CAAN), Bhesh Raj Subedi, senior captain Krishna Bahadur Poudel and under-secretary of Tourism Ministry Pramod Nepal. CAAN manager Laxman Devkota has been designated as a member-secretary of the probe committee, states the press release.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee was formed to take stock of physical, mechanical and other conditions of airplanes and helicopters of airlines companies operating domestic flights in Nepal. </span><br /> <span style="font-family:"Arial","sans-serif"">According to the ministry, the committee has been given a deadline of three months to submit an investigative report on the physical and mechanical status of aircraft operational in Nepal. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee will also examine the audit reports of the aircrafts belonging to the domestic airline companies that have been operating both internal and international flights from Nepal. It has also been entrusted with the responsibility to examine whether the airline companies have met the criteria related to the aircraft crew members or not and to check if the companies have been complying with the aviation safety standards outlined by the International Civil Aviation Organisation (ICAO).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The press statement issued by the ministry states that it is essential to make the flights flawless. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee is expected to make recommendations for improving aviation safety after completing the probe.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee has been given the authority to recommend action against any company that has not been following the aviation safety standards. The government can ban flights and keep the aircraft grounded if any airline operator is found to have breached the aviation safety protocol.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13797', 'image' => '20210930101937_20210526022651_20190131011945_ATR.jpg', 'article_date' => '2021-09-30 10:18:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14049', 'article_category_id' => '1', 'title' => 'Home Minister Assures of Security Arrangement, Market Management During Festivals ', 'sub_title' => '', 'summary' => 'September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing directives to chief district officers, police chiefs and chiefs of traffic police divisions of the three districts of Kathmandu Valley for security arrangements and market management during the festive season on Tuesday, Home Minister Khand made it clear that people should not suffer from price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also urged them to provide efficient services to citizens. "It is necessary to make traffic management smooth and to do away with road potholes," he said </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer of Kathmandu, Govinda Rijal, Chief District Officer of Lalitpur, Ghanshyam Upadhyay, Chief District Officer of Bhaktapur, Rudra Devi Sharma, Chief of Metropolitan Police Range, Kathmandu, Ashok Singh, Chief of Lalitpur Police Range, Kiran Bajracharya, Chief of Bhaktapur Police, Shiva Kumar Shrestha, presented festival-targeted security plan and plan for market management. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Chief of Metropolitan Traffic Division, Janak Raj Bhattarai, presented traffic management action plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Home Minister Khand urged them to pay attention to put the plan in practice. - RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13796', 'image' => '20210929041626_20151012034645_cs.jpg', 'article_date' => '2021-09-29 16:15:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14051', 'article_category_id' => '1', 'title' => 'Banks Fail to get New Deposits despite Raising Interest Rate', 'sub_title' => '', 'summary' => 'September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. The commercial banks had raised interest rates from September 17 onwards. With the increased interest rate, banks have been able to collect only Rs 8.32 billion deposits, informed Nepal Bankers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a week before the interest rate was raised, Rs 26.30 billion was raised while the deposits collected a week before it was Rs 16 billion. Deposits even close to this volume couldn't be collected ever since the interest rate was revised.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Until September 17, commercial banks were providing seven percent interest rate on deposits. Commercial banks had increased interest rate due to the liquidity crunch. Sunrise Bank and Sanima Bank had increased the interest rate to double digits while other banks had raised it to more than nine percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">With the expectation to manage liquidity, banks had increased the interest rate. However, deposit collection hasn’t increased as expected. At present, due to lack of government expenditure, deposits in banks are declining. Government expenditure is considered to be the major source of bank deposits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Santosh Koirala, Chief Executive Officer (CEO) of Machhapuchchhre Bank, said despite the increase in interest rates, deposits did not grow as expected. "Government spending, donors' funds and remittances are the major sources of new deposits. Since there has not been any government expenditure, no funds received from donors and the inflow of remittances is also not encouraging, therefor the deposit collection has not increased," added Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ever since the banks announced an increase in interest rates, deposits from one bank have been transferred to another bank. "Customers are depositing their money in the bank which is offering the highest interest rate," he said, adding, "However, there is no increase in deposits in the overall system. The government should step up its spending to increase the volume of deposits while banks might also witness increase in deposits post Dashain.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">People tend to keep cash at home for Dashain which has also affected deposit collection of banks. Bankers say the number of people withdrawing money is higher than the number of depositors due to the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Although the collection of deposits has not increased, the credit flow has increased significantly. Since September 17, banks have disbursed loans of Rs 30.83 billion against the deposit collection of Rs 8 billion. A week before it, banks had provided borrowers with loans of Rs 28 billion and Rs 25 billion the previous week. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Koirala said that loan disbursement has increased despite the shortage of liquidity. He said it is the right time for the credit flow. "Due to the festive season the economic activity is increasing and imports is also set to increase. Accordingly, the flow of credit increases at this time," he said, "In some cases we make commitment to many clients to give loans at this time. Therefore, credit flow has increased. But there is a problem in managing resources."</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13795', 'image' => '20210929044639_202011230546n.jpg', 'article_date' => '2021-09-29 16:45:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14048', 'article_category_id' => '1', 'title' => 'Manang Opens up for Foreign Tourists amid Declining Threat of Covid-19 Infection', 'sub_title' => '', 'summary' => 'September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic. But the DAO has imposed health protocol for the tourists saying that they submit a COVID-19 test report, hotel bookings and certificate of vaccination against the virus, informed Chief District Officer Bishnu Lamichhane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The infection has not yet under full control. Only the rate of infection has declined. Health protocols should be followed while reviving tourism amid the risk of infection," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision in this regard was taken during a meeting of the district COVID-19 crisis management committee and the district administration office, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anyone visiting the district needs to take permission from the district administration beforehand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the major tourist destination in and around Manang include the Tilocho Lake (4919 Meters), Thorang La pass, Mutkinath Temple, and Annapurna Circuit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Besides, tourists arrive here in course of climbing the Annapurna II, IV, Lamjung, Gangapuran, Ganesh Himal and Nilgiri mountain range. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">The peak season for tourism is from September to November in general. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13793', 'image' => '20210929025943_Manang.jpg', 'article_date' => '2021-09-29 14:58:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Three and a half years have passed in clearing the site and preparing the Detailed Project Report (DPR) since the signing of the Memorandum of Understanding (MoU) between Nepal and the China in February 2018 to expand the 8-lane road. The Chinese side has informed the Department of Roads via email that the DPR has already been prepared.</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 upgrading of the 11.6 km long section of ring road is being done with grant assistance from China. China has already handed over the Kalanki-Koteshwor section of the 27km ring road by widening it to eight lanes. The northern neighbor had also agreed to upgrade the Kalanki-Maharajgunj section in the second phase. Even after three and a half years, the entire site has not been cleared and Nepal has not received the DPR report. </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"">Director-General of the Department of Roads Arjun Jung Thapa said that the Chinese side has ignored the project for the last two 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"">The project was also delayed due to the impact of Covid-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“Even though the Forestry Department cut down the trees along the road section on time, it has been difficult to move the electricity line," Thapa 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"">Similarly, the site has not been cleared in the Narayan Gopal Chowk area.</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 this section, about 23 houses will have to be demolished and 44 plots of land will have to be acquired. However, there is a problem with land acquisition. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to the standards of 2034 BS, the right of way of the road was 15/15 meters. </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"">Thapa said that the private lands should be acquired according to the criteria. Rs 4 billion should be spent on compensation for land acquisition</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"">“There is a problem to manage this large amount of money and the government is not able to provide compensation immediately, and the evaluation is also delayed. It took some time to find out whether the land was acquired in 2034 BS," Thapa said. "After that, the district administration office in Kathmandu has formed a sub-committee to evaluate it. He said that due to these reasons, the project has been delayed.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13808', 'image' => '20211001023947_20200313030544_3ca3104842e4a54d54.jpeg', 'article_date' => '2021-10-01 14:39:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14062', 'article_category_id' => '1', 'title' => 'Nepal and India Review Progress of Post-Earthquake Reconstruction Projects in Nepal ', 'sub_title' => '', 'summary' => 'October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: Nepal and India held the Joint Project Monitoring Committee (JPMC) meeting on post-earthquake reconstruction projects in Kathmandu on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was co-chaired by Anurag Srivastava, Joint Secretary (North) under the Ministry of External Affairs of India and Nepal’s National Reconstruction Authority’s Secretary Sushil Chandra Tiwari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting carried out a comprehensive review of the progress of post-earthquake reconstruction projects in housing, education, health and cultural heritage sectors in Nepal assisted by the Indian government, according to a statement issued by the Embassy of India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both sides expressed satisfaction on the successful completion of 50,000 houses in Gorkha and Nuwakot districts of Nepal, constructed under the Government of India's assistance to the housing sector. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, both sides also noted with appreciation the progress achieved in reconstruction projects being undertaken under education, cultural heritage and health sectors in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The co-chairs agreed to hold the next meeting of the JPMC on a mutually convenient date. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The JPMC Mechanism was set up in August 2017 to monitor the progress of India-assisted post-earthquake reconstruction projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by representatives of concerned ministries, departments and agencies of the Government of Nepal, as well as officials of the Government of India, consultants and other stakeholders engaged in implementation of the projects. The last JPMC meeting was held on 8th March 2020 in Kathmandu. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13807', 'image' => '20211001022603_Flag-Pins-Nepal-India.jpg', 'article_date' => '2021-10-01 14:25:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14061', 'article_category_id' => '1', 'title' => 'BFIs Facing Extreme Liquidity Crisis', 'sub_title' => '', 'summary' => 'October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">October 1: Banks and financial institutions (BFIs) have demanded Nepal Rastra Bank (NRB) to issue repurchase agreements (repo) almost double than the amount placed for bidding by the central bank. NRB has repeatedly issued repo of Rs 130 billion in the last one month due to liquidity crisis in the banking sector, in which BFIs have demanded an average of 2.48 times more. </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 terms of money, A, B, and C class banks and financial institutions have demanded Rs 322.85 billion to manage liquidity. This indicates that the banking sector is facing extreme liquidity crisis. According to the central bank, all the banks have been taking part in the bids.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Due to the liquidity crisis in the banking sector, the NRB had issued repo five times after September 2. The demand has been more than the amount placed for bids.</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"">Some stakeholders have also suspected that the banks have artificially created a liquidity crisis. Commercial banks disbursed Rs 31 billion in the third week of September. Deposit collection during that period is only Rs 8 billion.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Banks have expressed dissatisfaction over the implementation of credit-deposit (CD) ratio by the central bank. Stakeholders suspect that the BFIs might have created artificial crisis due to this very reason. However, the repeated issuance of repo by the NRB and the application for bids surpassing the demand for repo confirm that the liquidity crisis in the banking sector is genuine.</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"">When there is liquidity crisis, NRB releases money to the banking sector through instruments such as repo. A limited amount is kept for bidding and BFIs can participate in the bidding process.</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"">Executive Director and chief of the Public Debt Management Department of NRB, Naresh Shakya, confirmed that there is liquidity crisis in the banking sector. “We have been issuing repo several times due to the liquidity crisis in the market. Every time there is more demand than the amount put in for bidding,” he said, “It seems that there is a huge liquidity crisis in the banking 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"">Chairman of the Nepal Bankers Association Bhuvan Dahal also said that the problem of liquidity crisis persists and there are indications that this problem will not be resolved immediately.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">“We were hopeful that the liquidity crunch would be resolved soon and interest rates would come down from mid-October. It was said that liquidity would come through refinancing, remittances and government spending. However, it did not seem to happen immediately,” he said “Now the inflow of remittances has decreased. The balance of payments (BOP) is also negative. The negative signals in such indicators are likely to prolong the liquidity crunch.”</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 said that now the banks should reduce the flow of credit. “Despite the liquidity crunch, there is a huge flow of credit. If this continues, the situation could get worse,” he said, “Therefore the banks should tighten the flow of credit. In addition, the Ministry of Finance and the central bank should also play a supportive role.” </span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13806', 'image' => '20211001020932_Banks.jpg', 'article_date' => '2021-10-01 14:08:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14060', 'article_category_id' => '1', 'title' => 'Shuklaphanta National Park Opened for Tourists ', 'sub_title' => '', 'summary' => 'October 1: The Shuklaphanta National Park has been opened for domestic and international tourists.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Shuklaphanta National Park has been opened for domestic and international tourists. All the tourism activities are now opened in the national park except for elephant safari, informed Chief Conservation Officer Dil Bahadur Purja Magar. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism activities in the national park were suspended for almost five months after the surge of coronavirus cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Pun shared that jungle safari, jungle walk, rafting, camping, fishing and other tourist activities have resumed in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He, however, said that the visitors should fully abide by health protocols adding that the use of facemask and sanitiser are mandatory. Nature guide is also mandatory for the visitors going for jungle safari and jungle walk, he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A tour guide can guide upto three tourists while two tour guides can lead maximum of 10 tourists in the national park. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The national park spread over 305 sq km is famous for swamp deer and pastureland. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13805', 'image' => '20211001125535_800px-Ranitaal1.jpg', 'article_date' => '2021-10-01 12:54:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14059', 'article_category_id' => '1', 'title' => 'Home Ministry Denies Issuing Order to ban Public Gatherings', 'sub_title' => '', 'summary' => ' October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">October 1: The Ministry of Home Affairs has clarified that the government has not issued any order to impose a ban on organising meetings, assemblies and gatherings to be conducted in line with constitution, existing laws and by following the health protocol issued by the government for containing COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on Thursday, spokesperson of the ministry Phadindra Mani Pokharel said that no such order has been issued to ban the events that can be organized by following the health protocols. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry also said that its serious attention has been drawn towards the public’s concerns regarding the orders issued by the district administration offices of Kathmandu and Bhaktapur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on Thursday, the district administration offices of Kathmandu and Bhaktapur had requested the public not to hold unnecessary gatherings, conferences, processions, and festivals, arguing that the risk of corona virus infection was yet to subside. -- RSS </span></span></span><br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-10-01', 'modified' => '2021-10-01', 'keywords' => '', 'description' => '', 'sortorder' => '13804', 'image' => '20211001114103_new_logo.jpg', 'article_date' => '2021-10-01 11:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14058', 'article_category_id' => '1', 'title' => 'Nepal Fails to meet Recommended Milk Consumption: NDA', 'sub_title' => '', 'summary' => 'September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Milk consumption in Nepal is only 75 litres per person per year against the recommended 92 litres, statistics shows. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this context, Nepal Dairy Association (NDA) has concluded that the stakeholders should work towards ensuring milk consumption of 92 litres per person per year at least for the children in the coming days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The need for meeting the recommended milk consumption has been highlighted on the occasion of the World School Milk Day. The first World School Milk Day was celebrated in September 2000 and has since become an annual event promoted by the FAO (Food and Agricultural Organization of the United Nations). The celebration of the Day in Nepal was first started by Nepal Dairy Association in 2016. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">General Secretary of NDA Prahlad Dahal said they are celebrating the World School Milk Day by organizing various programmes in all provinces, districts and local levels this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The purpose of celebrating the Day is to reinforce the nutritional value of milk. Milk is taken as complete food. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk and dairy products continue to play a vital role in children’s diets. A carton of school milk provides a 4-6 year old with 52 percent of their recommended calcium intake; 59 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 59 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, for older children aged 7-10 years, a carton of milk provides: 42 percent their recommended calcium intake; 53 percent of their recommended iodine intake; 100 percent of their recommended vitamin B12 intake; 47 percent of their recommended vitamin B2 intake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Milk also provides energy and protein for their growth and development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">World School Milk Day is celebrated in many countries, with an increasing number of activities taking place each year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13803', 'image' => '20210930041809_20181231125436_aaaa.jpg', 'article_date' => '2021-09-30 16:17:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14057', 'article_category_id' => '1', 'title' => 'Hydro Project Sees Delay in Installation of Equipment', 'sub_title' => '', 'summary' => 'September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: The under-construction Rasuwagadhi hydropower project has witnessed delay in the installation of equipment due to sheer ignorance on part of the contractor company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">No equipment has been so far installed in the power house due to dilly-dallying of VOITH India, an Indian company responsible for equipment placement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Project Chief Chhabi Gaire shared that they have repeatedly asked the Indian company to comply with the memorandum of understanding but to no avail. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The company was entrusted with the responsibility to accomplish the given works, including import and installation of equipment at a contract price of Rs 2.8 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 111-MW project requires a year-long time for installing the equipment in power house and so far 50 percent of the progress has to be made. However, it has resulted in the delay in the production of power from the project due to negligence of the contractor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The equipment to be installed in the power house have been already stored in the project site and the installation would take momentum once the technical human resources are available. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13802', 'image' => '20210930040747_hydro.jpg', 'article_date' => '2021-09-30 16:06:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14056', 'article_category_id' => '1', 'title' => 'Finance Minister Expresses Concern Over Delay in Settlement of Covid-19 Insurance ', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has expressed concern over the halt in payment of Covid-19 insurance. However, the reaction has come almost two months after the settlement of coronavirus insurance claims was stopped. The government had ignored the issue as it was itself responsible for the halt in the settlement of insurance claims.</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 finance minister met the chairman of the Insurance Board Surya Prasad Silwal and other representatives on Wednesday, September 30, and directed them to resume the settlement of insurance claims related to Covid-19.</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 resolve the issue of ensuring necessary resources and capital required to settle the claims as soon as possible.</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"">Non-life insurance companies have stopped the settlement of Covid-19 insurance claims since the second week of July after the government failed to release the required budget. The previous government had also ignored the issue. However, the Ministry of Finance has shown renewed interest in resolving this problem.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government is liable to pay more than Rs 3.5 billion to the insurance companies. Clients of those companies have made insurance claims of Rs 13.14 billion as of mid-July 2021 but the government has released only Rs 9.64 billion so far. The insurance companies stopped settling the insurance claims after the government failed to release the amount.</span></span></span></p> <p> </p> <p><br /> <br /> <br /> <br /> <br /> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13801', 'image' => '20210930032516_20210801125408_20200426022909_1587852673.jpg', 'article_date' => '2021-09-30 15:24:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14055', 'article_category_id' => '1', 'title' => 'Damaged Fertiliser Stuck at Birgunj Dry Port for More than 1 Year', 'sub_title' => '', 'summary' => 'September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. ', 'content' => '<p><strong>Om Prakash Khanal</strong></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">September 30: Fertiliser damaged by rain has been stuck in the dry port of Birgunj for more than a year. A total of 126,000 sacks (6,300 metric tons) of </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Di-ammonium phosphate</span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> (DAP) ordered by Salt Trading Corporation and Agriculture Inputs Company Limited have been stranded at the port.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Chief Customs Officer of Birgunj Dry Port Lal Bahadur Khatri said that they are unable to dispose the damaged fertiliser as the supplier has not come in contact yet. “We have confiscated the spoiled fertiliser. Such fertilisers should be destroyed because they cannot get customs clearance,” he told New Business Age.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The fertiliser is currently dumped on a vacant land of the railway track at the port. As it takes up space in the warehouse, it is kept on the space between the two tracks of the railway.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">There is confusion as to how to destroy the fertilizer. Port operator Pristine Valley Dryport Pvt. Ltd is pressurizing to remove the damaged fertiliser from the port. However, the customs administration is confused as the supplier is out of contact.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Khatri said that the supplier company is responsible for destroying the damaged fertiliser. “But, as the supplier is not in contact, the fertliser is piled up in the land of the port,” he said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Swiss Singapore Overseas Enterprises of Dubai, United Arab Emirates is responsible for the supply of the fertiliser. Among the damaged fertilizer, 5,000 metric tons belonged to STC and the rest to the Agricultural Inputs Company.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In mid-August last year, it was found that the fertiliser that entered Birgunj by train through Kolkata port was soaked and damaged due to the Amphan storm. So, the customs did not pass the inspection.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Amoj Lamichhane, chief of the Salt Trading Corporation Birgunj, claimed that they did not suffer any financial loss as the supplier had borne the loss for the. He said that it is the responsibility of the supplier for destroying the damaged fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the customs office, they do not have enough space to destroy those fertilisers within the port while they have not been able to dump it elsewhere.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Port operator Pristine Valley has been saying that the port operation has become inconvenient due to dumped fertiliser.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“We are facing difficulties in managing the port due to the lack of space. Large quantities of the fertiliser have become an additional problem,” said B Mohan, executive director of Pristine Valley. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13800', 'image' => '20210930021440_1632950325.Clipboard07.jpg', 'article_date' => '2021-09-30 14:13:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14054', 'article_category_id' => '1', 'title' => 'Finance Minister Urges British Investors to Invest in Green Infrastructure of Nepal', 'sub_title' => '', 'summary' => 'September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. ', 'content' => '<p><em>Photo Courtesy: Investment Board Nepal</em></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 30: Finance Minister Janardan Sharma has called upon the United Kingdom for investment in green infrastructure of Nepal. The “United Nations Climate Change Conference” is to be held Scotland, UK from November 1 to 12. As groundwork for the conference, a virtual meeting was held on Wednesday, September 29 at the initiative of the Investment Board, the Nepalese Embassy in the UK and the Department of International Trade of the United Kingdom. Addressing the meeting, the Vice Chair of the Investment Board and Financec Minister Janardan Sharma urged investors from Britain to benefit from investing in Nepal’s green infrastructure.</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/Honorable%20Finance%20Minister%20Mr.%20Janardan%20Sharma%20Delivering%20Remarks.jpg" style="height:399px; width:600px" /></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 export of clean and renewable energy produced in Nepal will also help reduce the carbon burden of neighboring countries, said Minister Sharma. He urged British investors to support Nepal's goal </span><span style="font-family:"Arial Unicode MS","sans-serif"">of getting graduated to high middle income country by 2030</span><span style="font-family:"Times New Roman","serif"">. He expressed the commitment of the Government of Nepal to extend full support and facilitation to the investors.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">On the occasion, Chief Executive Officer of the Investment Board, Sushil Bhatta urged the investors of Nepal and the United Kingdom to capitalize on the immense potential of Nepal’s energy sector. He said that the Board is committed to attract and promote foreign and green investment in the region. He added that the Government of Nepal has created a favorable environment for investment by developing timely policies and laws for the development of renewable energy.</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"">During the virtual discussions, an agreement was reached between the private sector of Nepal and the United Kingdom to reduce carbon emissions and build a green and sustainable economy. Such an agreement was reached on the basis of the Paris agreement.</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/COP26_Banner.jpg" style="height:450px; width:800px" /></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13799', 'image' => '20210930010718_go8922.jpg', 'article_date' => '2021-09-30 13:06:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14053', 'article_category_id' => '1', 'title' => 'Nepal Becomes Part of BRI Literary Network ', 'sub_title' => '', 'summary' => 'September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 30: Nepal has also joined the Literary Network of the Belt and Road which is a part of the Belt and Road Initiative (BRI) put forth by China. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Chinese Writers' Association is the founder and Nepal Academy is the co-founder of the Network that aims to undertake research on literature, culture and civilization, carry out translation works, protect copy right, publish literary books and exchange culture. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The network was established with the representation of government academies of over 100 countries linked to the BRI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In his virtual address to a joint meeting, Chancellor of Nepal Academy Ganga Prasad Uprety expressed his belief that the shared platform would be very effective in exchanging experiences and achievements. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We have not been able reach anywhere alone in today's competitive world. Very indeed we could reach to our destination with mutual understanding and collaboration. This is an effective platform for this as well," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also present on the occasion was Chair of Chinese Writers' Association. Highlighting the need of mutual collaboration in today's era, he said the Belt and Road Literary Network can carry out unlimited tasks in this sector. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13798', 'image' => '20210930102900_W020210908484150930624.jpg', 'article_date' => '2021-09-30 10:28:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14052', 'article_category_id' => '1', 'title' => 'Government Forms Probe Committee to Study the Aviation Sector ', 'sub_title' => '', 'summary' => 'September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">September 30: The government has formed a probe committee to suggest measures for the improvement of the country's aviation sector in order to make air service secured and effective. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The decision was taken just two days after a technical snag forced an aircraft of Buddha air with 73 people on board travelling from Kathmandu to Biratnagar to return back to Kathmandu. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">However, the Ministry of Culture, Tourism and Civil Aviation said it had been considering an investigation to check the condition of domestic aircraft which have reportedly faced technical glitches since the past few years. </span><br /> <span style="font-family:"Arial","sans-serif"">A meeting chaired by Prime Minister Sher Bahadur Deuba on Wednesday (September 29) took a decision to form the five-member committee under the coordination of Buddhi Sagar Lamichhane, joint-secretary at the Minister of Culture, Tourism and Civil Aviation.<br /> According to a statement issued by the ministry, other members of the committee include former director of the Civil Aviation Authority Nepal (CAAN), Bhesh Raj Subedi, senior captain Krishna Bahadur Poudel and under-secretary of Tourism Ministry Pramod Nepal. CAAN manager Laxman Devkota has been designated as a member-secretary of the probe committee, states the press release.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee was formed to take stock of physical, mechanical and other conditions of airplanes and helicopters of airlines companies operating domestic flights in Nepal. </span><br /> <span style="font-family:"Arial","sans-serif"">According to the ministry, the committee has been given a deadline of three months to submit an investigative report on the physical and mechanical status of aircraft operational in Nepal. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee will also examine the audit reports of the aircrafts belonging to the domestic airline companies that have been operating both internal and international flights from Nepal. It has also been entrusted with the responsibility to examine whether the airline companies have met the criteria related to the aircraft crew members or not and to check if the companies have been complying with the aviation safety standards outlined by the International Civil Aviation Organisation (ICAO).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The press statement issued by the ministry states that it is essential to make the flights flawless. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee is expected to make recommendations for improving aviation safety after completing the probe.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The committee has been given the authority to recommend action against any company that has not been following the aviation safety standards. The government can ban flights and keep the aircraft grounded if any airline operator is found to have breached the aviation safety protocol.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2021-09-30', 'modified' => '2021-09-30', 'keywords' => '', 'description' => '', 'sortorder' => '13797', 'image' => '20210930101937_20210526022651_20190131011945_ATR.jpg', 'article_date' => '2021-09-30 10:18:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14049', 'article_category_id' => '1', 'title' => 'Home Minister Assures of Security Arrangement, Market Management During Festivals ', 'sub_title' => '', 'summary' => 'September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: Minister for Home Affairs, Bal Krishna Khand, has directed subordinate bodies under his ministry to ensure security and market regularity in Kathmandu Valley during the upcoming festivals of Dashain, Tihar and Chhath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing directives to chief district officers, police chiefs and chiefs of traffic police divisions of the three districts of Kathmandu Valley for security arrangements and market management during the festive season on Tuesday, Home Minister Khand made it clear that people should not suffer from price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also urged them to provide efficient services to citizens. "It is necessary to make traffic management smooth and to do away with road potholes," he said </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief District Officer of Kathmandu, Govinda Rijal, Chief District Officer of Lalitpur, Ghanshyam Upadhyay, Chief District Officer of Bhaktapur, Rudra Devi Sharma, Chief of Metropolitan Police Range, Kathmandu, Ashok Singh, Chief of Lalitpur Police Range, Kiran Bajracharya, Chief of Bhaktapur Police, Shiva Kumar Shrestha, presented festival-targeted security plan and plan for market management. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Chief of Metropolitan Traffic Division, Janak Raj Bhattarai, presented traffic management action plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Home Minister Khand urged them to pay attention to put the plan in practice. - RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13796', 'image' => '20210929041626_20151012034645_cs.jpg', 'article_date' => '2021-09-29 16:15:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14051', 'article_category_id' => '1', 'title' => 'Banks Fail to get New Deposits despite Raising Interest Rate', 'sub_title' => '', 'summary' => 'September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 29: Deposit collection of commercial banks has not increased despite the banks having raised interest rates on deposits to more than 10 percent. The commercial banks had raised interest rates from September 17 onwards. With the increased interest rate, banks have been able to collect only Rs 8.32 billion deposits, informed Nepal Bankers Association.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a week before the interest rate was raised, Rs 26.30 billion was raised while the deposits collected a week before it was Rs 16 billion. Deposits even close to this volume couldn't be collected ever since the interest rate was revised.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Until September 17, commercial banks were providing seven percent interest rate on deposits. Commercial banks had increased interest rate due to the liquidity crunch. Sunrise Bank and Sanima Bank had increased the interest rate to double digits while other banks had raised it to more than nine percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">With the expectation to manage liquidity, banks had increased the interest rate. However, deposit collection hasn’t increased as expected. At present, due to lack of government expenditure, deposits in banks are declining. Government expenditure is considered to be the major source of bank deposits. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Santosh Koirala, Chief Executive Officer (CEO) of Machhapuchchhre Bank, said despite the increase in interest rates, deposits did not grow as expected. "Government spending, donors' funds and remittances are the major sources of new deposits. Since there has not been any government expenditure, no funds received from donors and the inflow of remittances is also not encouraging, therefor the deposit collection has not increased," added Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ever since the banks announced an increase in interest rates, deposits from one bank have been transferred to another bank. "Customers are depositing their money in the bank which is offering the highest interest rate," he said, adding, "However, there is no increase in deposits in the overall system. The government should step up its spending to increase the volume of deposits while banks might also witness increase in deposits post Dashain.” </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">People tend to keep cash at home for Dashain which has also affected deposit collection of banks. Bankers say the number of people withdrawing money is higher than the number of depositors due to the festive season. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Although the collection of deposits has not increased, the credit flow has increased significantly. Since September 17, banks have disbursed loans of Rs 30.83 billion against the deposit collection of Rs 8 billion. A week before it, banks had provided borrowers with loans of Rs 28 billion and Rs 25 billion the previous week. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Koirala said that loan disbursement has increased despite the shortage of liquidity. He said it is the right time for the credit flow. "Due to the festive season the economic activity is increasing and imports is also set to increase. Accordingly, the flow of credit increases at this time," he said, "In some cases we make commitment to many clients to give loans at this time. Therefore, credit flow has increased. But there is a problem in managing resources."</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13795', 'image' => '20210929044639_202011230546n.jpg', 'article_date' => '2021-09-29 16:45:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14048', 'article_category_id' => '1', 'title' => 'Manang Opens up for Foreign Tourists amid Declining Threat of Covid-19 Infection', 'sub_title' => '', 'summary' => 'September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 29: The District Administration Officce, Manang has allowed entrance of foreign tourists to the district amid risk of COVID-19 pandemic. But the DAO has imposed health protocol for the tourists saying that they submit a COVID-19 test report, hotel bookings and certificate of vaccination against the virus, informed Chief District Officer Bishnu Lamichhane. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The infection has not yet under full control. Only the rate of infection has declined. Health protocols should be followed while reviving tourism amid the risk of infection," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The decision in this regard was taken during a meeting of the district COVID-19 crisis management committee and the district administration office, he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Anyone visiting the district needs to take permission from the district administration beforehand. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Some of the major tourist destination in and around Manang include the Tilocho Lake (4919 Meters), Thorang La pass, Mutkinath Temple, and Annapurna Circuit. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Besides, tourists arrive here in course of climbing the Annapurna II, IV, Lamjung, Gangapuran, Ganesh Himal and Nilgiri mountain range. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">The peak season for tourism is from September to November in general. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13793', 'image' => '20210929025943_Manang.jpg', 'article_date' => '2021-09-29 14:58:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
