September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July…
September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July…
September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this…
September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive…
September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new…
September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy.…
September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter…
September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival.…
September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government.…
September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance…
September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares.…
September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day…
September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in…
September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender…
September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial…
September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to international…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]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' => '14047', 'article_category_id' => '1', 'title' => 'Birgunj Customs Collects Rs 40 Billion in Revenue in 2 Months ', 'sub_title' => '', 'summary' => 'September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. ', '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: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The revenue collection is 20.5 percent of the total target of Rs 198.1 billion to be collected in the current FY, said customs office officer Harihar Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Petroleum products, cooking gas, vehicles parts and food items, readymade clothes and raw materials for industries have been imported from India through the transit point. </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"">On a daily basis, the customs point sees an average of 800 trucks arriving with goods and around 100 leaving the checkpoint with goods bound for foreign countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13792', 'image' => '20210929024344_20210516024759_20210118020708_1610926784.Clipboard08 (1).jpg', 'article_date' => '2021-09-29 14:42:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14046', 'article_category_id' => '1', 'title' => 'Adequate Stock of Consumable Goods Available for Festive Season: Government', 'sub_title' => '', 'summary' => 'September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year. According to the government, food items like pulses, rice, sugar, nuts, cooking oil and LPG (cooking gas) are easily available as there is no interruption in the supply system of the market at the moment. </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""> Government authorities made such claims at an interaction on Market Monitoring and Role of Stakeholders organised by the Department of Commerce, Supply and Consumer Protection and Nepal Oil Corporation in Kathmandu on Monday.</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"">Speaking on the occasion, Secretary at the Ministry of Industry, Commerce and Supplies, Dinesh Pandey requested consumers to be aware as consumption increases during the festive season and some people may seize the opportunity to spread rumors of shortage of various food items, LPG and petroleum products in the market.</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 claimed that there was no shortage of any consumer goods in the market as there was no problem in the supply chain. He also urged all consumers not to believe in the rumor that there is a shortage of sugar in the market. </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"">Based on the data of the Department of Customs, he said that the annual demand for sugar in Nepal is 250,000 metric tons. According to the department, 212,000 metric tons of sugar was imported in Nepal last year while domestic sugar industries produced 170,000 metric tons of sugar. Thus, a total of 357,000 metric tons of sugar is available in the market, claimed Secretary Pandey. Therefore, he believes that there can be no shortage of sugar this year. He said that the government is committed to prevent shortage of any commodity in the market.</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"">Government officials claimed that there is also enough LPG for cooking and petroleum products along with the food supplies. Shiva Prasad Ghimire, former president of the LP Gas Industries Association, said that there is less possibility of shortage of gas as large hotels, restaurants and party palaces, which consume large quantity of gas, are not operating properly due to the impact of the pandemic. According to him, the consumption of gas in the market has decreased by about 37 percent as compared to the normal situation.</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, Director of Nepal Oil Corporation, Birendra Goit also said that there is no possibility of shortage as the NOC has 79 percent stock of its total capacity.</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 has started monitoring the market to regulate the market during the festival. All stakeholders stressed on the need for the government, private sector, human rights activists and all concerned bodies to make the market healthy and competitive and ensure consumer rights. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13791', 'image' => '20210929012256_20190422011527_added-sugar.jpg', 'article_date' => '2021-09-29 13:22:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14044', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Concerned About Unnatural Price Hike', 'sub_title' => '', 'summary' => 'September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.</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 Industry, Commerce, Labor and Consumer Welfare Committee under the House of Representatives has expressed concerns regarding the issue after receiving complaints about skyrocketing prices of daily necessities including oil, rice and pulses due to weak monitoring of the government.</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"">A meeting of the committee held at Singha Durbar on Tuesday discussed the issue and directed the Ministry of Industry, Commerce and Supplies to make arrangements to ensure that daily food and consumable items are available to the consumers at affordable prices during the festivals. Announcing the decision of the committee, Chairman Bimal Prasad Shrivastav directed the Ministry of Industry not to allow any kind of shortage of essential goods during the festivals.</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 instructed the ministry to expand the monitoring for price hike in other districts outside the Kathmandu valley as well.</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 Shrivastav said that the committee has instructed the ministry to fill the shortage of drinking water in the market and resolve various problems seen in the far western region. The committee has also asked the state-owned Salt Trading Corporation to establish fair-price shops in some additional places as well.</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 meeting will direct the concerned bodies to make such arrangements for consumers to get food, daily necessities and other essentials at affordable prices during the festive season," said Chairman Shrivastav, “The concerned bodies have been told to make sure that there is no shortage of any item, and in case of shortage, the concerned bodies should take immediate action.”</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 committee has also directed the concerned authorities to address the problem of food shortage in the far western province. It also directed the Salt Trading Corproation to arrange for food items as well as sugar in other places too.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13790', 'image' => '20210929115241_20210812011140_Price Hike.jpg', 'article_date' => '2021-09-29 11:51:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14045', 'article_category_id' => '1', 'title' => 'Oli Vows to Stand against Government Decision to not Seek Income Source for New Investment ', 'sub_title' => '', 'summary' => 'September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.</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 a discussion with the editors-in-chief of various media on September 28, he said that this provision of the budget was not appropriate and that it would bring problems. According to him, the government has brought such a provision to bring in black money which his party opposes. "We are not in favor of allowing black money to be brought in. Black money cannot be made white," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The new provision for investment brought by the government by amending the Income Tax Act under the Economic Act has faced strong opposition from all quarters.</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 the proposal to amend the Income Tax Act, 2058 BS, the government had arranged that ‘the source of income for investment will not be sought' while investing in various infrastructure sectors to attract investment.</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"">Earlier, the then Finance Minister of the Oli government, Dr. Yuvaraj Khatiwada, was also opposed to introducing such provision in the budget.</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"">Transparency International, along with various political parties, had protested the government's decision to amend the Income Tax Act to legalize illicit money. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a statement issued on September 20, Transparency International Nepal called on the coalition government to withdraw the proposal immediately.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">However, the government has defended the move saying that it will not allow investment of illegal money.</span></span></p> <p> </p> <p><br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13789', 'image' => '20210929120353_20210921125303_images.jpg', 'article_date' => '2021-09-29 12:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14043', 'article_category_id' => '1', 'title' => 'Foreign Employment Sector Starts Returning to Normalcy', 'sub_title' => '', 'summary' => 'September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. The number of Nepali workers going for foreign employment had dropped sharply after the outbreak of Covid-19. However, this number has been increasing recently.</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 data from the Department of Foreign Employment shows that the number of workers going for foreign employment has been increasing since July. While 20,658 Nepalis went for foreign employment during last July, data shows that 25,428 people went for foreign employment in July and 36,040 in August this year.</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"">Statistics from the department have shown that more than 30,000 workers go for foreign employment from Nepal every month under normal circumstances. Only 4,086 Nepalis had gone for foreign employment in May.</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 number of workers going for foreign employment had dropped sharply after the outbreak of the pandemic in Nepal. The government had even postponed the approval of labor permit in March 2020. Even though the work permit was resumed from June 2020, only a negligible number of Nepali workers had been going abroad.</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 number of foreign workers had declined due to the global restriction to curb the spread of virus, the economic crisis in the destination countries, and the impact of the pandemic on the employer companies. “Nevertheless, this sector is flourishing now and soon this sector will return back to normal and move forward,” said Sujit Shrestha, general secretary of the Nepal Association of Foreign Employment Agencies.</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 added that 1,200 Nepalis have been going abroad for foreign employment on a daily basis at present.</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"">Lately, the demand for workers has been increasing significantly. The workers going for foreign employment have also been vaccinated against coronavirus with priority. As the labor-intensive countries are opening up, the number of workers going for foreign employment is increasing, says Shrestha.</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 increase in the number of workers going for foreign employment will also help the economy. Stakeholders say that, Nepal’s economy, which is still dependent on remittances, will also increase as the number of workers going abroad has gone up. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13788', 'image' => '20210928010703_20210508021733_Foreign Employment.jpg', 'article_date' => '2021-09-28 13:06:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14041', 'article_category_id' => '1', 'title' => 'Government to Import 15,000 Metric Tons of Chemical Fertilizer from China ', 'sub_title' => '', 'summary' => 'September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.</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 has started importing chemical fertilizers produced in China on G2G basis as there is a shortage of fertilizers for vegetables and there is a need to keep stocks for wheat during the winter. The government is planning to import 10,000 metric tons of urea and 5,000 metric tons of DAP.</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"">Netra Bahadur Bhandari, managing director of Agriculture Inputs Company Limited, told New Business Age that the 15,000 metric tons of chemical fertilizer will be imported by a Nepali company called Silk Market. According to him, the fertilizer has already arrived at Shigatse in Tibet as of Monday and will reach Tatopani border within four days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to Bhandari, the Nepali side has requested the officials of Nepal’s Consulate in Lhasa, Tibet, to make arrangements for the import of chemical fertilizers as soon as possible. "If the Chinese side eases customs clearance, the fertilizer would arrive here within 15 days," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The import of fertilizer is likely to face some problems due to the landslides at Tatopani area, which has resulted in one-way traffic towards the Nepal side of border.</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 Agricultural Inputs Company Limited and the Salt Trading Corporation, the two government companies responsible for the sale and distribution of fertilizers at subsidized rate, now have limited stocks of fertilizer.</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 Agricultural Inputs Company Limited currently has a stock of 1,500 metric tons of urea, 233 metric tons of DAP, 1,000 metric tons of potassium, and about 300 metric tons of agricultural lime. Apart from this, 30,000 metric tons of urea are being brought from Kolkata and 25,000 metric tons of DAP are also being imported.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13787', 'image' => '20210928122715_20210518054607_20190510014655_Clipboard04-2.jpg', 'article_date' => '2021-09-28 12:26:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14042', 'article_category_id' => '1', 'title' => 'Government Opens Advance Booking of Bus Tickets for Dashain Festival ', 'sub_title' => '', 'summary' => 'September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. With the opening of advance booking, the number of people buying bus tickets has increased significantly at the New Bus Park and various other places where help desks have been set up to facilitate the passengers.</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 advance booking has started from September 27 to facilitate students and people involved in various professions in the capital to travel to their home districts outside the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People could be seen eagerly waiting in queue in front of the ticket counters in the capital although the concerned body has said tickets can be booked through online medium.</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"">Last year, the advance ticket booking was not opened due to the risk of COVID-19. However, this year the ticket booking has been opened well in time for the festivals. </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"">At present, bus tickets are being issued from 32 ticket counters through computerized system at the New Bus Park while tickets are also available in various counters at Koteshwar, Kalimati, Sundhara among other areas.</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"">Authorities have urged the bus operators to maintain health protocol and to avail uniform to those stationed at ticket counters to ensure that the passengers are not duped. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13786', 'image' => '20210928124041_20210924120144_20200722015124_20171109120628_20171108035347_busbus.jpg', 'article_date' => '2021-09-28 12:39:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14040', 'article_category_id' => '1', 'title' => 'Finance Minister Holds High-Level Discussions to Implement New Budget', 'sub_title' => '', 'summary' => 'September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. Minister Sharma has started working for the effective implementation of the budget after the parliament endorsed the Appropriation Bill paving way for the government to spend the budget. </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 Monday, September 27, he called a high-level meeting with the Secretary of the Ministry of Finance and the Vice Chairman of the National Planning Commission to discuss the implementation of the new budget. The meeting held in-depth discussions over effective implementation of new programmes introduced in the replacement budget and the programmes continued from the previous budget. </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"">Finance Minister Sharma instructed concerned officials to increase capital expenditure by implementing the development projects announced in the budget. He also directed concerned secretaries to prepare a monthly action plan of projects. He also expressed commitment that there would be no delay in the work to be done by the Ministry of Finance regarding budget implementation and capital expenditure.</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"">Dr Bishwo Nath Poudel, Vice Chairman of the National Planning Commission, said that all the ministries should work hard to achieve the target of seven percent economic growth set by the replacement budget.</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"">Finance Secretary Madhu Kumar Marasini stressed on the need to start work immediately by preparing a monthly action plan for the effective implementation of the replacement budget </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 Govinda Roka, Public Relations Adviser to the Finance Minister, the high-level meeting has decided to determine the monthly work progress, sort out the issues immediately that need work procedures and work on issues instantly that need inter-ministerial coordination.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government had presented a budget of Rs 1.63 trillion by reducing Rs 14.7 billion through the replacement bill. The previous government had introduced a budget of Rs 1.64 trillion. </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 which has changed some tax rates through the replacement bill had also included some new social security programmes. The Appropriation Bill has already been passed by the federal parliament and authenticated by the president which has paved the way for the government to spend the budget. </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"">Amid protests from the CPN-UML, the National Assembly also passed the Fiscal Bill 2078 and the National Debt Raising Bill 2078. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13785', 'image' => '20210928121230_1632777477.4.jpg', 'article_date' => '2021-09-28 11:46:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14038', 'article_category_id' => '1', 'title' => 'Special Court Seeks Rs 5 Million in Bail from Chudamani Sharma ', 'sub_title' => '', 'summary' => 'September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A division bench of judges Abdul Aziz Musalman and Nityananda Pandey issued such order after a hearing on Monday, September 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The court has sought the bail as per Clause 7(D) of the Special Court Act, 2059 by considering the additional liability to be incurred from the supplementary charge sheets filed against the defendant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Commission for the Investigation of Abuse of Authority (CIAA) had lodged a case in the Special Court against three persons including Sharma claiming Rs 1.03 billion in fine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The two others facing charge sheet include Tax Clearance Commission's Chairman Lumba Dhowj Mahat and member Umesh Prasad Dhakal. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13784', 'image' => '20210928105547_jpg.jpg', 'article_date' => '2021-09-28 10:54:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14039', 'article_category_id' => '1', 'title' => 'Electricity Regulatory Commission Tightens Rights Share Issuance of Hydropower Companies', 'sub_title' => '', 'summary' => 'September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. The commission took such decision after they were found to be issuing right shares haphazardly. </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 commission has issued a directive on Pre-Approval and Regulation of Public Issuance of Shares of Hydropower Companies, 2078 to regulate the companies from issuing their shares.</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"">From now on, hydropower companies are required to get prior approval from the commission while issuing right shares. Earlier, hydropower companies did not require to get prior approval from the commission to issue right shares. </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"">From now on, after the board of the companies decides to issue right shares, it needs to send the proposal to the commission to receive the pre-approval. Once the commission gives green signal, then only can the companies present the right shares proposal in the General Assembly Meeting of the respective company.</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"">Ram Prasad Dhital, a member and spokesperson of the commission, said that such provision was introduced after the companies started issuing right shares indiscriminately. Although the commission has introduced strict provisions to control right share issuance, it has allowed the companies from making cross-holding investment. Dhital informed that one company can invest in the shares of other companies under the new provision. </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"">A company can make the institutional investment of fifty one percent or more in other projects that shall remain under the same company. Similarly, provision has been made to make institutional investment in secondary company's projects or establishing secondary companies for the construction of the project. Capital required for the investment should be raised by issuing right shares. The right shares have to be issued in the ratio of 1:2.</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 also a provision to invest in another company without being the parent company with less than 50 percent shares. However, when investing in such a company, physical progress of the project should be twenty five percent. Such companies should issue right shares in the ration of 1:1. To issue right shares for both the purposes, funds raised from earlier right shares should have been utilized in the construction of the project. </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 commission has also set other conditions for cross-holding investment. The parent company should have started commercial power generation from its own project. Likewise, the company must be listed on the Nepal Stock Exchange. The power purchase agreement (PPA) of the project should have been finalized and the financial resources should have been arranged for the construction of the project. </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 commission has also paved the way to issue right shares for the projects that are under construction. The commission has said that if the construction of the project is not completed because of various reasons even after the issuance of Initial Public Offering (IPO) then the company will be allowed to issue right shares. In this respect, the cost of construction of the project must have gone up due to uncontrollable circumstances. Eighty percent of physical progress of such projects should have been completed. </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"">A clear financial action plan should be made and approved by the Board of Directors and the General Assembly in case of the project that are yet to be completed. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13783', 'image' => '20210928112959_1632691031.Clipboard04.jpg', 'article_date' => '2021-09-28 11:29:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14037', 'article_category_id' => '1', 'title' => 'CNI Honours Women Entrepreneurs on World Tourism Day', 'sub_title' => '', 'summary' => 'September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Confederation has felicitated Lucky Chhetri, Shraddha Joshi, Nimi Sherpa, Nandini Thapa, Sushma Tamang, Nisha Bhote and Sharmila Kafle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">During the felicitation programme, Secretary at the Ministry of Culture, Tourism and Civil Aviation Yadav Prasad Koirala said that all stakeholders should work together to promote Nepal as an excellent tourist destination. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“The role of women is important to expand and sustain tourism in rural areas,” said Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Secretary Koirala also requested the entrepreneurs to increase the production of Nepali goods so that the import of goods into the country can be reduced.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Speaking at the program, the president of the confederation Bishnu Kumar Agrawal said that the role of women entrepreneurs is important to establish a sustainable economic development. He also mentioned that in order to make the economy of the country dynamic, it is necessary to resurrect the tourism sector as soon as possible.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">On the occasion, Vice President of the Confederation, Raj Bahadur Shah described Nepal as a safe destination to visit. Since Nepal has been kept in “Red Zone” by many countries, he said that the confederation should take initiative to remove Nepal from the list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, Chhaya Sharma, president of the Confederation's Women's Leadership Forum, said that the role of women entrepreneurs would be important to uplift the troubled tourism sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13782', 'image' => '20210928102041_Tourism Day.jpg', 'article_date' => '2021-09-28 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14035', 'article_category_id' => '1', 'title' => '1100 Containers Stuck Across the Northern Border in China', 'sub_title' => '', 'summary' => 'September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">For the past two weeks, goods from China, including Quanzhou, have been stuck in Shigatse, Nyalam. About 1,100 containers crossing Lhasa are in various parking lots in Tibet, an autonomous region of China, while the warehouse of the customs office in Nepal is empty.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ashok Kumar Shrestha, president of the Nepal Trans Himalayan Border Commerce Association said that as the Chinese officials are sending limited containers, there is less possibility that the Nepali importers could sell the goods ordered for Dashain. “More than 1,100 containers have been stopped in Khasa, Nyalam and Sigatse areas,” said Shrestha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Chief of Tatopani customs Narad Gautam said that an agreement has been reached between the two countries to allow 20 containers to enter Nepal through Tatopani customs per day. Such agreement was reached during a joint meeting between the officials of Tibet's Commerce, Customs, Ports and Foreign Affairs Office and Nepa’s consul general in Lhasa Nawaraj Dhakal last Thursday. However, a maximum of eight containers of goods are being imported despite such understanding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">He also informed that goods being imported for Dashain and Tihar have not arrived yet. “Only agricultural and health related goods are currently imported,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Consul General Nawaraj Dhakal, in the meeting with Chinese officials, had urged them to increase the volume of imports as the goods for Dashan and Tihar were stuck in the Chinese territory.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Gautam said that the complaints of Nepali traders were increasing due to the harassment from the Chinese side.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The traders had ordered goods for Dashain and Tihar using 'We Chat' with a plan to bring them to Kathmandu within 20 days at the most after buying them from Chinese cities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“All the goods for Dashain Tihar are stuck in the Chinese territory,” said Raj Kumar Basnet, president of the Sindhupalchok Chamber of Commerce and Industry. “If this situation continues, the goods will not be able to reach Kathmandu in a month,” he said. Moreover, he said that the traders were affected due to the loan interest, double warehouse rent and waste of time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Basnet said that the problem has been added due to the lack of government’s priority for the construction and maintenance of the road to the customs point. The importers have started relying on Indian ports for import after the deteriorating environment for importing goods by land route. He said that despite repeated memorandums to the prime minister, ministers and government staff demanding an environment for easy import of goods, they have not been heard. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13781', 'image' => '20210927030910_20210207093114_cs.jpg', 'article_date' => '2021-09-27 15:08:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14036', 'article_category_id' => '1', 'title' => 'Faulty Process Disrupts Construction of Kakadbhitta-Inaurwa Railway Track', 'sub_title' => '', 'summary' => 'September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender bids.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender 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"">The Department of Railways had called for tender bids on June 28 and 30, 2020 to construct the track-bed of the 106 kilometer section in 54 different packages. The department had called for the tender bids worth Rs 28 billion within a span of three days. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Railways Deepak Kumar Bhattarai says that such tenders can be issued only after determining the rate of land and distribution of compensation to those affected by the project.</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"">It is estimated that the construction of the track-bed of the railway will require more than 700 bighas of land in Jhapa, Morang and Sunsari districts. </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"">Bhattarai admitted that tender for any project can be issued only after proper study and preparation. </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 were problems in land acquisition due to the hasty decision,” says Bhattarai about the decision taken by his predecessor.</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 Department of Railways was headed by Balaram Mishra when the flawed decision took place.</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 flawed decision to issue the tender was subsequently challenged in court. The Patan High Court scrapped the contracts awarded through the tenders on September 8, 2020. </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 department is still yet to sort out the land acquisition issue before it can start the actual construction.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13780', 'image' => '20210927041659_20200823052850_1598131355.Clipboard12.jpg', 'article_date' => '2021-09-27 16:16:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14034', 'article_category_id' => '1', 'title' => 'Chamber of Industries Morang begins Industrial Survey ', 'sub_title' => '', 'summary' => 'September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. ', 'content' => '<p><em>Photo Courtesy: Chamber of Industries Morang</em></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18px"><span style="font-family:"Arial Unicode MS","sans-serif"">September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The survey has been started from Sunday (September 26) in order to develop a database of all industrial establishments. Chairperson of the chamber Suyash Pyakurel informed that the chamber has a plan to regularly keep the data up-to-date once they are collected and uploaded in a database. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Director-General of the Chamber, Chudamani Bhattarai, they have decided to collect data of all member industry of the chamber in Sunsari and Morang first and other remaining industries in a gradually. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He informed that five enumerators assigned by the chamber would reach all industrial establishments with a set of 100 questions to collect information covering different aspects of the industry. </span></span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""><span style="font-size:18px">The chamber had al</span>so conducted a two-day training for the enumerators taking into consideration the quality of the data. </span></span></span></p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13779', 'image' => '20210927025834_Chamber of industries morang.jpg', 'article_date' => '2021-09-27 14:56:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14033', 'article_category_id' => '1', 'title' => 'Hoteliers Elated with On-Arrival Visa for Tourists ', 'sub_title' => '', 'summary' => 'September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to 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"">September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to international tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on the eve of the World Tourism Day on Sunday, the Hotel Association of Nepal (HAN) praised the government scheme to provide on-arrival visa to tourists, which the HAN said, would encourage the country's already paralyzed tourism industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has committed to resuming all services fully after the government decision to reopen the international borders and to remove the provision of quarantine facility for the tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the government's decision, the fully inoculated tourists won't have to stay in quarantine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the business community has urged the government to take prompt move to delist Nepal from the 'red zone' in the international level as more than 40 per cent Nepalis have already received the first and second doses of vaccine against COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has also asked the government to revive the country's tourism activities by providing one-month-long visa for free to the international tourists and implement the 10-day tour package to the government officials announced by the government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13778', 'image' => '20210927020658_Hotel.jpg', 'article_date' => '2021-09-27 14:06:08', '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' => '14047', 'article_category_id' => '1', 'title' => 'Birgunj Customs Collects Rs 40 Billion in Revenue in 2 Months ', 'sub_title' => '', 'summary' => 'September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. ', '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: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The revenue collection is 20.5 percent of the total target of Rs 198.1 billion to be collected in the current FY, said customs office officer Harihar Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Petroleum products, cooking gas, vehicles parts and food items, readymade clothes and raw materials for industries have been imported from India through the transit point. </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"">On a daily basis, the customs point sees an average of 800 trucks arriving with goods and around 100 leaving the checkpoint with goods bound for foreign countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13792', 'image' => '20210929024344_20210516024759_20210118020708_1610926784.Clipboard08 (1).jpg', 'article_date' => '2021-09-29 14:42:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14046', 'article_category_id' => '1', 'title' => 'Adequate Stock of Consumable Goods Available for Festive Season: Government', 'sub_title' => '', 'summary' => 'September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year. According to the government, food items like pulses, rice, sugar, nuts, cooking oil and LPG (cooking gas) are easily available as there is no interruption in the supply system of the market at the moment. </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""> Government authorities made such claims at an interaction on Market Monitoring and Role of Stakeholders organised by the Department of Commerce, Supply and Consumer Protection and Nepal Oil Corporation in Kathmandu on Monday.</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"">Speaking on the occasion, Secretary at the Ministry of Industry, Commerce and Supplies, Dinesh Pandey requested consumers to be aware as consumption increases during the festive season and some people may seize the opportunity to spread rumors of shortage of various food items, LPG and petroleum products in the market.</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 claimed that there was no shortage of any consumer goods in the market as there was no problem in the supply chain. He also urged all consumers not to believe in the rumor that there is a shortage of sugar in the market. </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"">Based on the data of the Department of Customs, he said that the annual demand for sugar in Nepal is 250,000 metric tons. According to the department, 212,000 metric tons of sugar was imported in Nepal last year while domestic sugar industries produced 170,000 metric tons of sugar. Thus, a total of 357,000 metric tons of sugar is available in the market, claimed Secretary Pandey. Therefore, he believes that there can be no shortage of sugar this year. He said that the government is committed to prevent shortage of any commodity in the market.</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"">Government officials claimed that there is also enough LPG for cooking and petroleum products along with the food supplies. Shiva Prasad Ghimire, former president of the LP Gas Industries Association, said that there is less possibility of shortage of gas as large hotels, restaurants and party palaces, which consume large quantity of gas, are not operating properly due to the impact of the pandemic. According to him, the consumption of gas in the market has decreased by about 37 percent as compared to the normal situation.</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, Director of Nepal Oil Corporation, Birendra Goit also said that there is no possibility of shortage as the NOC has 79 percent stock of its total capacity.</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 has started monitoring the market to regulate the market during the festival. All stakeholders stressed on the need for the government, private sector, human rights activists and all concerned bodies to make the market healthy and competitive and ensure consumer rights. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13791', 'image' => '20210929012256_20190422011527_added-sugar.jpg', 'article_date' => '2021-09-29 13:22:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14044', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Concerned About Unnatural Price Hike', 'sub_title' => '', 'summary' => 'September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.</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 Industry, Commerce, Labor and Consumer Welfare Committee under the House of Representatives has expressed concerns regarding the issue after receiving complaints about skyrocketing prices of daily necessities including oil, rice and pulses due to weak monitoring of the government.</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"">A meeting of the committee held at Singha Durbar on Tuesday discussed the issue and directed the Ministry of Industry, Commerce and Supplies to make arrangements to ensure that daily food and consumable items are available to the consumers at affordable prices during the festivals. Announcing the decision of the committee, Chairman Bimal Prasad Shrivastav directed the Ministry of Industry not to allow any kind of shortage of essential goods during the festivals.</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 instructed the ministry to expand the monitoring for price hike in other districts outside the Kathmandu valley as well.</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 Shrivastav said that the committee has instructed the ministry to fill the shortage of drinking water in the market and resolve various problems seen in the far western region. The committee has also asked the state-owned Salt Trading Corporation to establish fair-price shops in some additional places as well.</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 meeting will direct the concerned bodies to make such arrangements for consumers to get food, daily necessities and other essentials at affordable prices during the festive season," said Chairman Shrivastav, “The concerned bodies have been told to make sure that there is no shortage of any item, and in case of shortage, the concerned bodies should take immediate action.”</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 committee has also directed the concerned authorities to address the problem of food shortage in the far western province. It also directed the Salt Trading Corproation to arrange for food items as well as sugar in other places too.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13790', 'image' => '20210929115241_20210812011140_Price Hike.jpg', 'article_date' => '2021-09-29 11:51:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14045', 'article_category_id' => '1', 'title' => 'Oli Vows to Stand against Government Decision to not Seek Income Source for New Investment ', 'sub_title' => '', 'summary' => 'September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.</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 a discussion with the editors-in-chief of various media on September 28, he said that this provision of the budget was not appropriate and that it would bring problems. According to him, the government has brought such a provision to bring in black money which his party opposes. "We are not in favor of allowing black money to be brought in. Black money cannot be made white," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The new provision for investment brought by the government by amending the Income Tax Act under the Economic Act has faced strong opposition from all quarters.</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 the proposal to amend the Income Tax Act, 2058 BS, the government had arranged that ‘the source of income for investment will not be sought' while investing in various infrastructure sectors to attract investment.</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"">Earlier, the then Finance Minister of the Oli government, Dr. Yuvaraj Khatiwada, was also opposed to introducing such provision in the budget.</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"">Transparency International, along with various political parties, had protested the government's decision to amend the Income Tax Act to legalize illicit money. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a statement issued on September 20, Transparency International Nepal called on the coalition government to withdraw the proposal immediately.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">However, the government has defended the move saying that it will not allow investment of illegal money.</span></span></p> <p> </p> <p><br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13789', 'image' => '20210929120353_20210921125303_images.jpg', 'article_date' => '2021-09-29 12:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14043', 'article_category_id' => '1', 'title' => 'Foreign Employment Sector Starts Returning to Normalcy', 'sub_title' => '', 'summary' => 'September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. The number of Nepali workers going for foreign employment had dropped sharply after the outbreak of Covid-19. However, this number has been increasing recently.</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 data from the Department of Foreign Employment shows that the number of workers going for foreign employment has been increasing since July. While 20,658 Nepalis went for foreign employment during last July, data shows that 25,428 people went for foreign employment in July and 36,040 in August this year.</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"">Statistics from the department have shown that more than 30,000 workers go for foreign employment from Nepal every month under normal circumstances. Only 4,086 Nepalis had gone for foreign employment in May.</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 number of workers going for foreign employment had dropped sharply after the outbreak of the pandemic in Nepal. The government had even postponed the approval of labor permit in March 2020. Even though the work permit was resumed from June 2020, only a negligible number of Nepali workers had been going abroad.</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 number of foreign workers had declined due to the global restriction to curb the spread of virus, the economic crisis in the destination countries, and the impact of the pandemic on the employer companies. “Nevertheless, this sector is flourishing now and soon this sector will return back to normal and move forward,” said Sujit Shrestha, general secretary of the Nepal Association of Foreign Employment Agencies.</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 added that 1,200 Nepalis have been going abroad for foreign employment on a daily basis at present.</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"">Lately, the demand for workers has been increasing significantly. The workers going for foreign employment have also been vaccinated against coronavirus with priority. As the labor-intensive countries are opening up, the number of workers going for foreign employment is increasing, says Shrestha.</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 increase in the number of workers going for foreign employment will also help the economy. Stakeholders say that, Nepal’s economy, which is still dependent on remittances, will also increase as the number of workers going abroad has gone up. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13788', 'image' => '20210928010703_20210508021733_Foreign Employment.jpg', 'article_date' => '2021-09-28 13:06:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14041', 'article_category_id' => '1', 'title' => 'Government to Import 15,000 Metric Tons of Chemical Fertilizer from China ', 'sub_title' => '', 'summary' => 'September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.</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 has started importing chemical fertilizers produced in China on G2G basis as there is a shortage of fertilizers for vegetables and there is a need to keep stocks for wheat during the winter. The government is planning to import 10,000 metric tons of urea and 5,000 metric tons of DAP.</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"">Netra Bahadur Bhandari, managing director of Agriculture Inputs Company Limited, told New Business Age that the 15,000 metric tons of chemical fertilizer will be imported by a Nepali company called Silk Market. According to him, the fertilizer has already arrived at Shigatse in Tibet as of Monday and will reach Tatopani border within four days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to Bhandari, the Nepali side has requested the officials of Nepal’s Consulate in Lhasa, Tibet, to make arrangements for the import of chemical fertilizers as soon as possible. "If the Chinese side eases customs clearance, the fertilizer would arrive here within 15 days," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The import of fertilizer is likely to face some problems due to the landslides at Tatopani area, which has resulted in one-way traffic towards the Nepal side of border.</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 Agricultural Inputs Company Limited and the Salt Trading Corporation, the two government companies responsible for the sale and distribution of fertilizers at subsidized rate, now have limited stocks of fertilizer.</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 Agricultural Inputs Company Limited currently has a stock of 1,500 metric tons of urea, 233 metric tons of DAP, 1,000 metric tons of potassium, and about 300 metric tons of agricultural lime. Apart from this, 30,000 metric tons of urea are being brought from Kolkata and 25,000 metric tons of DAP are also being imported.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13787', 'image' => '20210928122715_20210518054607_20190510014655_Clipboard04-2.jpg', 'article_date' => '2021-09-28 12:26:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14042', 'article_category_id' => '1', 'title' => 'Government Opens Advance Booking of Bus Tickets for Dashain Festival ', 'sub_title' => '', 'summary' => 'September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. With the opening of advance booking, the number of people buying bus tickets has increased significantly at the New Bus Park and various other places where help desks have been set up to facilitate the passengers.</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 advance booking has started from September 27 to facilitate students and people involved in various professions in the capital to travel to their home districts outside the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People could be seen eagerly waiting in queue in front of the ticket counters in the capital although the concerned body has said tickets can be booked through online medium.</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"">Last year, the advance ticket booking was not opened due to the risk of COVID-19. However, this year the ticket booking has been opened well in time for the festivals. </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"">At present, bus tickets are being issued from 32 ticket counters through computerized system at the New Bus Park while tickets are also available in various counters at Koteshwar, Kalimati, Sundhara among other areas.</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"">Authorities have urged the bus operators to maintain health protocol and to avail uniform to those stationed at ticket counters to ensure that the passengers are not duped. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13786', 'image' => '20210928124041_20210924120144_20200722015124_20171109120628_20171108035347_busbus.jpg', 'article_date' => '2021-09-28 12:39:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14040', 'article_category_id' => '1', 'title' => 'Finance Minister Holds High-Level Discussions to Implement New Budget', 'sub_title' => '', 'summary' => 'September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. Minister Sharma has started working for the effective implementation of the budget after the parliament endorsed the Appropriation Bill paving way for the government to spend the budget. </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 Monday, September 27, he called a high-level meeting with the Secretary of the Ministry of Finance and the Vice Chairman of the National Planning Commission to discuss the implementation of the new budget. The meeting held in-depth discussions over effective implementation of new programmes introduced in the replacement budget and the programmes continued from the previous budget. </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"">Finance Minister Sharma instructed concerned officials to increase capital expenditure by implementing the development projects announced in the budget. He also directed concerned secretaries to prepare a monthly action plan of projects. He also expressed commitment that there would be no delay in the work to be done by the Ministry of Finance regarding budget implementation and capital expenditure.</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"">Dr Bishwo Nath Poudel, Vice Chairman of the National Planning Commission, said that all the ministries should work hard to achieve the target of seven percent economic growth set by the replacement budget.</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"">Finance Secretary Madhu Kumar Marasini stressed on the need to start work immediately by preparing a monthly action plan for the effective implementation of the replacement budget </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 Govinda Roka, Public Relations Adviser to the Finance Minister, the high-level meeting has decided to determine the monthly work progress, sort out the issues immediately that need work procedures and work on issues instantly that need inter-ministerial coordination.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government had presented a budget of Rs 1.63 trillion by reducing Rs 14.7 billion through the replacement bill. The previous government had introduced a budget of Rs 1.64 trillion. </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 which has changed some tax rates through the replacement bill had also included some new social security programmes. The Appropriation Bill has already been passed by the federal parliament and authenticated by the president which has paved the way for the government to spend the budget. </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"">Amid protests from the CPN-UML, the National Assembly also passed the Fiscal Bill 2078 and the National Debt Raising Bill 2078. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13785', 'image' => '20210928121230_1632777477.4.jpg', 'article_date' => '2021-09-28 11:46:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14038', 'article_category_id' => '1', 'title' => 'Special Court Seeks Rs 5 Million in Bail from Chudamani Sharma ', 'sub_title' => '', 'summary' => 'September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A division bench of judges Abdul Aziz Musalman and Nityananda Pandey issued such order after a hearing on Monday, September 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The court has sought the bail as per Clause 7(D) of the Special Court Act, 2059 by considering the additional liability to be incurred from the supplementary charge sheets filed against the defendant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Commission for the Investigation of Abuse of Authority (CIAA) had lodged a case in the Special Court against three persons including Sharma claiming Rs 1.03 billion in fine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The two others facing charge sheet include Tax Clearance Commission's Chairman Lumba Dhowj Mahat and member Umesh Prasad Dhakal. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13784', 'image' => '20210928105547_jpg.jpg', 'article_date' => '2021-09-28 10:54:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14039', 'article_category_id' => '1', 'title' => 'Electricity Regulatory Commission Tightens Rights Share Issuance of Hydropower Companies', 'sub_title' => '', 'summary' => 'September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. The commission took such decision after they were found to be issuing right shares haphazardly. </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 commission has issued a directive on Pre-Approval and Regulation of Public Issuance of Shares of Hydropower Companies, 2078 to regulate the companies from issuing their shares.</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"">From now on, hydropower companies are required to get prior approval from the commission while issuing right shares. Earlier, hydropower companies did not require to get prior approval from the commission to issue right shares. </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"">From now on, after the board of the companies decides to issue right shares, it needs to send the proposal to the commission to receive the pre-approval. Once the commission gives green signal, then only can the companies present the right shares proposal in the General Assembly Meeting of the respective company.</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"">Ram Prasad Dhital, a member and spokesperson of the commission, said that such provision was introduced after the companies started issuing right shares indiscriminately. Although the commission has introduced strict provisions to control right share issuance, it has allowed the companies from making cross-holding investment. Dhital informed that one company can invest in the shares of other companies under the new provision. </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"">A company can make the institutional investment of fifty one percent or more in other projects that shall remain under the same company. Similarly, provision has been made to make institutional investment in secondary company's projects or establishing secondary companies for the construction of the project. Capital required for the investment should be raised by issuing right shares. The right shares have to be issued in the ratio of 1:2.</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 also a provision to invest in another company without being the parent company with less than 50 percent shares. However, when investing in such a company, physical progress of the project should be twenty five percent. Such companies should issue right shares in the ration of 1:1. To issue right shares for both the purposes, funds raised from earlier right shares should have been utilized in the construction of the project. </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 commission has also set other conditions for cross-holding investment. The parent company should have started commercial power generation from its own project. Likewise, the company must be listed on the Nepal Stock Exchange. The power purchase agreement (PPA) of the project should have been finalized and the financial resources should have been arranged for the construction of the project. </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 commission has also paved the way to issue right shares for the projects that are under construction. The commission has said that if the construction of the project is not completed because of various reasons even after the issuance of Initial Public Offering (IPO) then the company will be allowed to issue right shares. In this respect, the cost of construction of the project must have gone up due to uncontrollable circumstances. Eighty percent of physical progress of such projects should have been completed. </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"">A clear financial action plan should be made and approved by the Board of Directors and the General Assembly in case of the project that are yet to be completed. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13783', 'image' => '20210928112959_1632691031.Clipboard04.jpg', 'article_date' => '2021-09-28 11:29:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14037', 'article_category_id' => '1', 'title' => 'CNI Honours Women Entrepreneurs on World Tourism Day', 'sub_title' => '', 'summary' => 'September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Confederation has felicitated Lucky Chhetri, Shraddha Joshi, Nimi Sherpa, Nandini Thapa, Sushma Tamang, Nisha Bhote and Sharmila Kafle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">During the felicitation programme, Secretary at the Ministry of Culture, Tourism and Civil Aviation Yadav Prasad Koirala said that all stakeholders should work together to promote Nepal as an excellent tourist destination. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“The role of women is important to expand and sustain tourism in rural areas,” said Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Secretary Koirala also requested the entrepreneurs to increase the production of Nepali goods so that the import of goods into the country can be reduced.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Speaking at the program, the president of the confederation Bishnu Kumar Agrawal said that the role of women entrepreneurs is important to establish a sustainable economic development. He also mentioned that in order to make the economy of the country dynamic, it is necessary to resurrect the tourism sector as soon as possible.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">On the occasion, Vice President of the Confederation, Raj Bahadur Shah described Nepal as a safe destination to visit. Since Nepal has been kept in “Red Zone” by many countries, he said that the confederation should take initiative to remove Nepal from the list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, Chhaya Sharma, president of the Confederation's Women's Leadership Forum, said that the role of women entrepreneurs would be important to uplift the troubled tourism sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13782', 'image' => '20210928102041_Tourism Day.jpg', 'article_date' => '2021-09-28 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14035', 'article_category_id' => '1', 'title' => '1100 Containers Stuck Across the Northern Border in China', 'sub_title' => '', 'summary' => 'September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">For the past two weeks, goods from China, including Quanzhou, have been stuck in Shigatse, Nyalam. About 1,100 containers crossing Lhasa are in various parking lots in Tibet, an autonomous region of China, while the warehouse of the customs office in Nepal is empty.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ashok Kumar Shrestha, president of the Nepal Trans Himalayan Border Commerce Association said that as the Chinese officials are sending limited containers, there is less possibility that the Nepali importers could sell the goods ordered for Dashain. “More than 1,100 containers have been stopped in Khasa, Nyalam and Sigatse areas,” said Shrestha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Chief of Tatopani customs Narad Gautam said that an agreement has been reached between the two countries to allow 20 containers to enter Nepal through Tatopani customs per day. Such agreement was reached during a joint meeting between the officials of Tibet's Commerce, Customs, Ports and Foreign Affairs Office and Nepa’s consul general in Lhasa Nawaraj Dhakal last Thursday. However, a maximum of eight containers of goods are being imported despite such understanding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">He also informed that goods being imported for Dashain and Tihar have not arrived yet. “Only agricultural and health related goods are currently imported,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Consul General Nawaraj Dhakal, in the meeting with Chinese officials, had urged them to increase the volume of imports as the goods for Dashan and Tihar were stuck in the Chinese territory.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Gautam said that the complaints of Nepali traders were increasing due to the harassment from the Chinese side.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The traders had ordered goods for Dashain and Tihar using 'We Chat' with a plan to bring them to Kathmandu within 20 days at the most after buying them from Chinese cities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“All the goods for Dashain Tihar are stuck in the Chinese territory,” said Raj Kumar Basnet, president of the Sindhupalchok Chamber of Commerce and Industry. “If this situation continues, the goods will not be able to reach Kathmandu in a month,” he said. Moreover, he said that the traders were affected due to the loan interest, double warehouse rent and waste of time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Basnet said that the problem has been added due to the lack of government’s priority for the construction and maintenance of the road to the customs point. The importers have started relying on Indian ports for import after the deteriorating environment for importing goods by land route. He said that despite repeated memorandums to the prime minister, ministers and government staff demanding an environment for easy import of goods, they have not been heard. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13781', 'image' => '20210927030910_20210207093114_cs.jpg', 'article_date' => '2021-09-27 15:08:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14036', 'article_category_id' => '1', 'title' => 'Faulty Process Disrupts Construction of Kakadbhitta-Inaurwa Railway Track', 'sub_title' => '', 'summary' => 'September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender bids.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender 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"">The Department of Railways had called for tender bids on June 28 and 30, 2020 to construct the track-bed of the 106 kilometer section in 54 different packages. The department had called for the tender bids worth Rs 28 billion within a span of three days. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Railways Deepak Kumar Bhattarai says that such tenders can be issued only after determining the rate of land and distribution of compensation to those affected by the project.</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"">It is estimated that the construction of the track-bed of the railway will require more than 700 bighas of land in Jhapa, Morang and Sunsari districts. </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"">Bhattarai admitted that tender for any project can be issued only after proper study and preparation. </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 were problems in land acquisition due to the hasty decision,” says Bhattarai about the decision taken by his predecessor.</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 Department of Railways was headed by Balaram Mishra when the flawed decision took place.</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 flawed decision to issue the tender was subsequently challenged in court. The Patan High Court scrapped the contracts awarded through the tenders on September 8, 2020. </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 department is still yet to sort out the land acquisition issue before it can start the actual construction.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13780', 'image' => '20210927041659_20200823052850_1598131355.Clipboard12.jpg', 'article_date' => '2021-09-27 16:16:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14034', 'article_category_id' => '1', 'title' => 'Chamber of Industries Morang begins Industrial Survey ', 'sub_title' => '', 'summary' => 'September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. ', 'content' => '<p><em>Photo Courtesy: Chamber of Industries Morang</em></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18px"><span style="font-family:"Arial Unicode MS","sans-serif"">September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The survey has been started from Sunday (September 26) in order to develop a database of all industrial establishments. Chairperson of the chamber Suyash Pyakurel informed that the chamber has a plan to regularly keep the data up-to-date once they are collected and uploaded in a database. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Director-General of the Chamber, Chudamani Bhattarai, they have decided to collect data of all member industry of the chamber in Sunsari and Morang first and other remaining industries in a gradually. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He informed that five enumerators assigned by the chamber would reach all industrial establishments with a set of 100 questions to collect information covering different aspects of the industry. </span></span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""><span style="font-size:18px">The chamber had al</span>so conducted a two-day training for the enumerators taking into consideration the quality of the data. </span></span></span></p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13779', 'image' => '20210927025834_Chamber of industries morang.jpg', 'article_date' => '2021-09-27 14:56:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14033', 'article_category_id' => '1', 'title' => 'Hoteliers Elated with On-Arrival Visa for Tourists ', 'sub_title' => '', 'summary' => 'September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to 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"">September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to international tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on the eve of the World Tourism Day on Sunday, the Hotel Association of Nepal (HAN) praised the government scheme to provide on-arrival visa to tourists, which the HAN said, would encourage the country's already paralyzed tourism industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has committed to resuming all services fully after the government decision to reopen the international borders and to remove the provision of quarantine facility for the tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the government's decision, the fully inoculated tourists won't have to stay in quarantine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the business community has urged the government to take prompt move to delist Nepal from the 'red zone' in the international level as more than 40 per cent Nepalis have already received the first and second doses of vaccine against COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has also asked the government to revive the country's tourism activities by providing one-month-long visa for free to the international tourists and implement the 10-day tour package to the government officials announced by the government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13778', 'image' => '20210927020658_Hotel.jpg', 'article_date' => '2021-09-27 14:06:08', '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' => '14047', 'article_category_id' => '1', 'title' => 'Birgunj Customs Collects Rs 40 Billion in Revenue in 2 Months ', 'sub_title' => '', 'summary' => 'September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. ', '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: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The revenue collection is 20.5 percent of the total target of Rs 198.1 billion to be collected in the current FY, said customs office officer Harihar Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Petroleum products, cooking gas, vehicles parts and food items, readymade clothes and raw materials for industries have been imported from India through the transit point. </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"">On a daily basis, the customs point sees an average of 800 trucks arriving with goods and around 100 leaving the checkpoint with goods bound for foreign countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13792', 'image' => '20210929024344_20210516024759_20210118020708_1610926784.Clipboard08 (1).jpg', 'article_date' => '2021-09-29 14:42:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14046', 'article_category_id' => '1', 'title' => 'Adequate Stock of Consumable Goods Available for Festive Season: Government', 'sub_title' => '', 'summary' => 'September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year. According to the government, food items like pulses, rice, sugar, nuts, cooking oil and LPG (cooking gas) are easily available as there is no interruption in the supply system of the market at the moment. </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""> Government authorities made such claims at an interaction on Market Monitoring and Role of Stakeholders organised by the Department of Commerce, Supply and Consumer Protection and Nepal Oil Corporation in Kathmandu on Monday.</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"">Speaking on the occasion, Secretary at the Ministry of Industry, Commerce and Supplies, Dinesh Pandey requested consumers to be aware as consumption increases during the festive season and some people may seize the opportunity to spread rumors of shortage of various food items, LPG and petroleum products in the market.</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 claimed that there was no shortage of any consumer goods in the market as there was no problem in the supply chain. He also urged all consumers not to believe in the rumor that there is a shortage of sugar in the market. </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"">Based on the data of the Department of Customs, he said that the annual demand for sugar in Nepal is 250,000 metric tons. According to the department, 212,000 metric tons of sugar was imported in Nepal last year while domestic sugar industries produced 170,000 metric tons of sugar. Thus, a total of 357,000 metric tons of sugar is available in the market, claimed Secretary Pandey. Therefore, he believes that there can be no shortage of sugar this year. He said that the government is committed to prevent shortage of any commodity in the market.</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"">Government officials claimed that there is also enough LPG for cooking and petroleum products along with the food supplies. Shiva Prasad Ghimire, former president of the LP Gas Industries Association, said that there is less possibility of shortage of gas as large hotels, restaurants and party palaces, which consume large quantity of gas, are not operating properly due to the impact of the pandemic. According to him, the consumption of gas in the market has decreased by about 37 percent as compared to the normal situation.</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, Director of Nepal Oil Corporation, Birendra Goit also said that there is no possibility of shortage as the NOC has 79 percent stock of its total capacity.</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 has started monitoring the market to regulate the market during the festival. All stakeholders stressed on the need for the government, private sector, human rights activists and all concerned bodies to make the market healthy and competitive and ensure consumer rights. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13791', 'image' => '20210929012256_20190422011527_added-sugar.jpg', 'article_date' => '2021-09-29 13:22:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14044', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Concerned About Unnatural Price Hike', 'sub_title' => '', 'summary' => 'September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.</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 Industry, Commerce, Labor and Consumer Welfare Committee under the House of Representatives has expressed concerns regarding the issue after receiving complaints about skyrocketing prices of daily necessities including oil, rice and pulses due to weak monitoring of the government.</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"">A meeting of the committee held at Singha Durbar on Tuesday discussed the issue and directed the Ministry of Industry, Commerce and Supplies to make arrangements to ensure that daily food and consumable items are available to the consumers at affordable prices during the festivals. Announcing the decision of the committee, Chairman Bimal Prasad Shrivastav directed the Ministry of Industry not to allow any kind of shortage of essential goods during the festivals.</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 instructed the ministry to expand the monitoring for price hike in other districts outside the Kathmandu valley as well.</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 Shrivastav said that the committee has instructed the ministry to fill the shortage of drinking water in the market and resolve various problems seen in the far western region. The committee has also asked the state-owned Salt Trading Corporation to establish fair-price shops in some additional places as well.</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 meeting will direct the concerned bodies to make such arrangements for consumers to get food, daily necessities and other essentials at affordable prices during the festive season," said Chairman Shrivastav, “The concerned bodies have been told to make sure that there is no shortage of any item, and in case of shortage, the concerned bodies should take immediate action.”</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 committee has also directed the concerned authorities to address the problem of food shortage in the far western province. It also directed the Salt Trading Corproation to arrange for food items as well as sugar in other places too.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13790', 'image' => '20210929115241_20210812011140_Price Hike.jpg', 'article_date' => '2021-09-29 11:51:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14045', 'article_category_id' => '1', 'title' => 'Oli Vows to Stand against Government Decision to not Seek Income Source for New Investment ', 'sub_title' => '', 'summary' => 'September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.</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 a discussion with the editors-in-chief of various media on September 28, he said that this provision of the budget was not appropriate and that it would bring problems. According to him, the government has brought such a provision to bring in black money which his party opposes. "We are not in favor of allowing black money to be brought in. Black money cannot be made white," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The new provision for investment brought by the government by amending the Income Tax Act under the Economic Act has faced strong opposition from all quarters.</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 the proposal to amend the Income Tax Act, 2058 BS, the government had arranged that ‘the source of income for investment will not be sought' while investing in various infrastructure sectors to attract investment.</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"">Earlier, the then Finance Minister of the Oli government, Dr. Yuvaraj Khatiwada, was also opposed to introducing such provision in the budget.</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"">Transparency International, along with various political parties, had protested the government's decision to amend the Income Tax Act to legalize illicit money. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a statement issued on September 20, Transparency International Nepal called on the coalition government to withdraw the proposal immediately.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">However, the government has defended the move saying that it will not allow investment of illegal money.</span></span></p> <p> </p> <p><br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13789', 'image' => '20210929120353_20210921125303_images.jpg', 'article_date' => '2021-09-29 12:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14043', 'article_category_id' => '1', 'title' => 'Foreign Employment Sector Starts Returning to Normalcy', 'sub_title' => '', 'summary' => 'September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. The number of Nepali workers going for foreign employment had dropped sharply after the outbreak of Covid-19. However, this number has been increasing recently.</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 data from the Department of Foreign Employment shows that the number of workers going for foreign employment has been increasing since July. While 20,658 Nepalis went for foreign employment during last July, data shows that 25,428 people went for foreign employment in July and 36,040 in August this year.</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"">Statistics from the department have shown that more than 30,000 workers go for foreign employment from Nepal every month under normal circumstances. Only 4,086 Nepalis had gone for foreign employment in May.</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 number of workers going for foreign employment had dropped sharply after the outbreak of the pandemic in Nepal. The government had even postponed the approval of labor permit in March 2020. Even though the work permit was resumed from June 2020, only a negligible number of Nepali workers had been going abroad.</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 number of foreign workers had declined due to the global restriction to curb the spread of virus, the economic crisis in the destination countries, and the impact of the pandemic on the employer companies. “Nevertheless, this sector is flourishing now and soon this sector will return back to normal and move forward,” said Sujit Shrestha, general secretary of the Nepal Association of Foreign Employment Agencies.</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 added that 1,200 Nepalis have been going abroad for foreign employment on a daily basis at present.</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"">Lately, the demand for workers has been increasing significantly. The workers going for foreign employment have also been vaccinated against coronavirus with priority. As the labor-intensive countries are opening up, the number of workers going for foreign employment is increasing, says Shrestha.</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 increase in the number of workers going for foreign employment will also help the economy. Stakeholders say that, Nepal’s economy, which is still dependent on remittances, will also increase as the number of workers going abroad has gone up. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13788', 'image' => '20210928010703_20210508021733_Foreign Employment.jpg', 'article_date' => '2021-09-28 13:06:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14041', 'article_category_id' => '1', 'title' => 'Government to Import 15,000 Metric Tons of Chemical Fertilizer from China ', 'sub_title' => '', 'summary' => 'September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.</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 has started importing chemical fertilizers produced in China on G2G basis as there is a shortage of fertilizers for vegetables and there is a need to keep stocks for wheat during the winter. The government is planning to import 10,000 metric tons of urea and 5,000 metric tons of DAP.</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"">Netra Bahadur Bhandari, managing director of Agriculture Inputs Company Limited, told New Business Age that the 15,000 metric tons of chemical fertilizer will be imported by a Nepali company called Silk Market. According to him, the fertilizer has already arrived at Shigatse in Tibet as of Monday and will reach Tatopani border within four days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to Bhandari, the Nepali side has requested the officials of Nepal’s Consulate in Lhasa, Tibet, to make arrangements for the import of chemical fertilizers as soon as possible. "If the Chinese side eases customs clearance, the fertilizer would arrive here within 15 days," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The import of fertilizer is likely to face some problems due to the landslides at Tatopani area, which has resulted in one-way traffic towards the Nepal side of border.</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 Agricultural Inputs Company Limited and the Salt Trading Corporation, the two government companies responsible for the sale and distribution of fertilizers at subsidized rate, now have limited stocks of fertilizer.</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 Agricultural Inputs Company Limited currently has a stock of 1,500 metric tons of urea, 233 metric tons of DAP, 1,000 metric tons of potassium, and about 300 metric tons of agricultural lime. Apart from this, 30,000 metric tons of urea are being brought from Kolkata and 25,000 metric tons of DAP are also being imported.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13787', 'image' => '20210928122715_20210518054607_20190510014655_Clipboard04-2.jpg', 'article_date' => '2021-09-28 12:26:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14042', 'article_category_id' => '1', 'title' => 'Government Opens Advance Booking of Bus Tickets for Dashain Festival ', 'sub_title' => '', 'summary' => 'September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. With the opening of advance booking, the number of people buying bus tickets has increased significantly at the New Bus Park and various other places where help desks have been set up to facilitate the passengers.</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 advance booking has started from September 27 to facilitate students and people involved in various professions in the capital to travel to their home districts outside the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People could be seen eagerly waiting in queue in front of the ticket counters in the capital although the concerned body has said tickets can be booked through online medium.</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"">Last year, the advance ticket booking was not opened due to the risk of COVID-19. However, this year the ticket booking has been opened well in time for the festivals. </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"">At present, bus tickets are being issued from 32 ticket counters through computerized system at the New Bus Park while tickets are also available in various counters at Koteshwar, Kalimati, Sundhara among other areas.</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"">Authorities have urged the bus operators to maintain health protocol and to avail uniform to those stationed at ticket counters to ensure that the passengers are not duped. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13786', 'image' => '20210928124041_20210924120144_20200722015124_20171109120628_20171108035347_busbus.jpg', 'article_date' => '2021-09-28 12:39:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14040', 'article_category_id' => '1', 'title' => 'Finance Minister Holds High-Level Discussions to Implement New Budget', 'sub_title' => '', 'summary' => 'September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. Minister Sharma has started working for the effective implementation of the budget after the parliament endorsed the Appropriation Bill paving way for the government to spend the budget. </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 Monday, September 27, he called a high-level meeting with the Secretary of the Ministry of Finance and the Vice Chairman of the National Planning Commission to discuss the implementation of the new budget. The meeting held in-depth discussions over effective implementation of new programmes introduced in the replacement budget and the programmes continued from the previous budget. </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"">Finance Minister Sharma instructed concerned officials to increase capital expenditure by implementing the development projects announced in the budget. He also directed concerned secretaries to prepare a monthly action plan of projects. He also expressed commitment that there would be no delay in the work to be done by the Ministry of Finance regarding budget implementation and capital expenditure.</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"">Dr Bishwo Nath Poudel, Vice Chairman of the National Planning Commission, said that all the ministries should work hard to achieve the target of seven percent economic growth set by the replacement budget.</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"">Finance Secretary Madhu Kumar Marasini stressed on the need to start work immediately by preparing a monthly action plan for the effective implementation of the replacement budget </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 Govinda Roka, Public Relations Adviser to the Finance Minister, the high-level meeting has decided to determine the monthly work progress, sort out the issues immediately that need work procedures and work on issues instantly that need inter-ministerial coordination.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government had presented a budget of Rs 1.63 trillion by reducing Rs 14.7 billion through the replacement bill. The previous government had introduced a budget of Rs 1.64 trillion. </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 which has changed some tax rates through the replacement bill had also included some new social security programmes. The Appropriation Bill has already been passed by the federal parliament and authenticated by the president which has paved the way for the government to spend the budget. </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"">Amid protests from the CPN-UML, the National Assembly also passed the Fiscal Bill 2078 and the National Debt Raising Bill 2078. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13785', 'image' => '20210928121230_1632777477.4.jpg', 'article_date' => '2021-09-28 11:46:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14038', 'article_category_id' => '1', 'title' => 'Special Court Seeks Rs 5 Million in Bail from Chudamani Sharma ', 'sub_title' => '', 'summary' => 'September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A division bench of judges Abdul Aziz Musalman and Nityananda Pandey issued such order after a hearing on Monday, September 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The court has sought the bail as per Clause 7(D) of the Special Court Act, 2059 by considering the additional liability to be incurred from the supplementary charge sheets filed against the defendant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Commission for the Investigation of Abuse of Authority (CIAA) had lodged a case in the Special Court against three persons including Sharma claiming Rs 1.03 billion in fine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The two others facing charge sheet include Tax Clearance Commission's Chairman Lumba Dhowj Mahat and member Umesh Prasad Dhakal. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13784', 'image' => '20210928105547_jpg.jpg', 'article_date' => '2021-09-28 10:54:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14039', 'article_category_id' => '1', 'title' => 'Electricity Regulatory Commission Tightens Rights Share Issuance of Hydropower Companies', 'sub_title' => '', 'summary' => 'September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. The commission took such decision after they were found to be issuing right shares haphazardly. </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 commission has issued a directive on Pre-Approval and Regulation of Public Issuance of Shares of Hydropower Companies, 2078 to regulate the companies from issuing their shares.</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"">From now on, hydropower companies are required to get prior approval from the commission while issuing right shares. Earlier, hydropower companies did not require to get prior approval from the commission to issue right shares. </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"">From now on, after the board of the companies decides to issue right shares, it needs to send the proposal to the commission to receive the pre-approval. Once the commission gives green signal, then only can the companies present the right shares proposal in the General Assembly Meeting of the respective company.</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"">Ram Prasad Dhital, a member and spokesperson of the commission, said that such provision was introduced after the companies started issuing right shares indiscriminately. Although the commission has introduced strict provisions to control right share issuance, it has allowed the companies from making cross-holding investment. Dhital informed that one company can invest in the shares of other companies under the new provision. </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"">A company can make the institutional investment of fifty one percent or more in other projects that shall remain under the same company. Similarly, provision has been made to make institutional investment in secondary company's projects or establishing secondary companies for the construction of the project. Capital required for the investment should be raised by issuing right shares. The right shares have to be issued in the ratio of 1:2.</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 also a provision to invest in another company without being the parent company with less than 50 percent shares. However, when investing in such a company, physical progress of the project should be twenty five percent. Such companies should issue right shares in the ration of 1:1. To issue right shares for both the purposes, funds raised from earlier right shares should have been utilized in the construction of the project. </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 commission has also set other conditions for cross-holding investment. The parent company should have started commercial power generation from its own project. Likewise, the company must be listed on the Nepal Stock Exchange. The power purchase agreement (PPA) of the project should have been finalized and the financial resources should have been arranged for the construction of the project. </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 commission has also paved the way to issue right shares for the projects that are under construction. The commission has said that if the construction of the project is not completed because of various reasons even after the issuance of Initial Public Offering (IPO) then the company will be allowed to issue right shares. In this respect, the cost of construction of the project must have gone up due to uncontrollable circumstances. Eighty percent of physical progress of such projects should have been completed. </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"">A clear financial action plan should be made and approved by the Board of Directors and the General Assembly in case of the project that are yet to be completed. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13783', 'image' => '20210928112959_1632691031.Clipboard04.jpg', 'article_date' => '2021-09-28 11:29:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14037', 'article_category_id' => '1', 'title' => 'CNI Honours Women Entrepreneurs on World Tourism Day', 'sub_title' => '', 'summary' => 'September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Confederation has felicitated Lucky Chhetri, Shraddha Joshi, Nimi Sherpa, Nandini Thapa, Sushma Tamang, Nisha Bhote and Sharmila Kafle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">During the felicitation programme, Secretary at the Ministry of Culture, Tourism and Civil Aviation Yadav Prasad Koirala said that all stakeholders should work together to promote Nepal as an excellent tourist destination. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“The role of women is important to expand and sustain tourism in rural areas,” said Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Secretary Koirala also requested the entrepreneurs to increase the production of Nepali goods so that the import of goods into the country can be reduced.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Speaking at the program, the president of the confederation Bishnu Kumar Agrawal said that the role of women entrepreneurs is important to establish a sustainable economic development. He also mentioned that in order to make the economy of the country dynamic, it is necessary to resurrect the tourism sector as soon as possible.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">On the occasion, Vice President of the Confederation, Raj Bahadur Shah described Nepal as a safe destination to visit. Since Nepal has been kept in “Red Zone” by many countries, he said that the confederation should take initiative to remove Nepal from the list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, Chhaya Sharma, president of the Confederation's Women's Leadership Forum, said that the role of women entrepreneurs would be important to uplift the troubled tourism sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13782', 'image' => '20210928102041_Tourism Day.jpg', 'article_date' => '2021-09-28 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14035', 'article_category_id' => '1', 'title' => '1100 Containers Stuck Across the Northern Border in China', 'sub_title' => '', 'summary' => 'September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">For the past two weeks, goods from China, including Quanzhou, have been stuck in Shigatse, Nyalam. About 1,100 containers crossing Lhasa are in various parking lots in Tibet, an autonomous region of China, while the warehouse of the customs office in Nepal is empty.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ashok Kumar Shrestha, president of the Nepal Trans Himalayan Border Commerce Association said that as the Chinese officials are sending limited containers, there is less possibility that the Nepali importers could sell the goods ordered for Dashain. “More than 1,100 containers have been stopped in Khasa, Nyalam and Sigatse areas,” said Shrestha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Chief of Tatopani customs Narad Gautam said that an agreement has been reached between the two countries to allow 20 containers to enter Nepal through Tatopani customs per day. Such agreement was reached during a joint meeting between the officials of Tibet's Commerce, Customs, Ports and Foreign Affairs Office and Nepa’s consul general in Lhasa Nawaraj Dhakal last Thursday. However, a maximum of eight containers of goods are being imported despite such understanding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">He also informed that goods being imported for Dashain and Tihar have not arrived yet. “Only agricultural and health related goods are currently imported,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Consul General Nawaraj Dhakal, in the meeting with Chinese officials, had urged them to increase the volume of imports as the goods for Dashan and Tihar were stuck in the Chinese territory.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Gautam said that the complaints of Nepali traders were increasing due to the harassment from the Chinese side.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The traders had ordered goods for Dashain and Tihar using 'We Chat' with a plan to bring them to Kathmandu within 20 days at the most after buying them from Chinese cities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“All the goods for Dashain Tihar are stuck in the Chinese territory,” said Raj Kumar Basnet, president of the Sindhupalchok Chamber of Commerce and Industry. “If this situation continues, the goods will not be able to reach Kathmandu in a month,” he said. Moreover, he said that the traders were affected due to the loan interest, double warehouse rent and waste of time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Basnet said that the problem has been added due to the lack of government’s priority for the construction and maintenance of the road to the customs point. The importers have started relying on Indian ports for import after the deteriorating environment for importing goods by land route. He said that despite repeated memorandums to the prime minister, ministers and government staff demanding an environment for easy import of goods, they have not been heard. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13781', 'image' => '20210927030910_20210207093114_cs.jpg', 'article_date' => '2021-09-27 15:08:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14036', 'article_category_id' => '1', 'title' => 'Faulty Process Disrupts Construction of Kakadbhitta-Inaurwa Railway Track', 'sub_title' => '', 'summary' => 'September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender bids.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender 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"">The Department of Railways had called for tender bids on June 28 and 30, 2020 to construct the track-bed of the 106 kilometer section in 54 different packages. The department had called for the tender bids worth Rs 28 billion within a span of three days. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Railways Deepak Kumar Bhattarai says that such tenders can be issued only after determining the rate of land and distribution of compensation to those affected by the project.</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"">It is estimated that the construction of the track-bed of the railway will require more than 700 bighas of land in Jhapa, Morang and Sunsari districts. </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"">Bhattarai admitted that tender for any project can be issued only after proper study and preparation. </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 were problems in land acquisition due to the hasty decision,” says Bhattarai about the decision taken by his predecessor.</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 Department of Railways was headed by Balaram Mishra when the flawed decision took place.</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 flawed decision to issue the tender was subsequently challenged in court. The Patan High Court scrapped the contracts awarded through the tenders on September 8, 2020. </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 department is still yet to sort out the land acquisition issue before it can start the actual construction.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13780', 'image' => '20210927041659_20200823052850_1598131355.Clipboard12.jpg', 'article_date' => '2021-09-27 16:16:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14034', 'article_category_id' => '1', 'title' => 'Chamber of Industries Morang begins Industrial Survey ', 'sub_title' => '', 'summary' => 'September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. ', 'content' => '<p><em>Photo Courtesy: Chamber of Industries Morang</em></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18px"><span style="font-family:"Arial Unicode MS","sans-serif"">September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The survey has been started from Sunday (September 26) in order to develop a database of all industrial establishments. Chairperson of the chamber Suyash Pyakurel informed that the chamber has a plan to regularly keep the data up-to-date once they are collected and uploaded in a database. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Director-General of the Chamber, Chudamani Bhattarai, they have decided to collect data of all member industry of the chamber in Sunsari and Morang first and other remaining industries in a gradually. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He informed that five enumerators assigned by the chamber would reach all industrial establishments with a set of 100 questions to collect information covering different aspects of the industry. </span></span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""><span style="font-size:18px">The chamber had al</span>so conducted a two-day training for the enumerators taking into consideration the quality of the data. </span></span></span></p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13779', 'image' => '20210927025834_Chamber of industries morang.jpg', 'article_date' => '2021-09-27 14:56:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14033', 'article_category_id' => '1', 'title' => 'Hoteliers Elated with On-Arrival Visa for Tourists ', 'sub_title' => '', 'summary' => 'September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to 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"">September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to international tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on the eve of the World Tourism Day on Sunday, the Hotel Association of Nepal (HAN) praised the government scheme to provide on-arrival visa to tourists, which the HAN said, would encourage the country's already paralyzed tourism industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has committed to resuming all services fully after the government decision to reopen the international borders and to remove the provision of quarantine facility for the tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the government's decision, the fully inoculated tourists won't have to stay in quarantine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the business community has urged the government to take prompt move to delist Nepal from the 'red zone' in the international level as more than 40 per cent Nepalis have already received the first and second doses of vaccine against COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has also asked the government to revive the country's tourism activities by providing one-month-long visa for free to the international tourists and implement the 10-day tour package to the government officials announced by the government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13778', 'image' => '20210927020658_Hotel.jpg', 'article_date' => '2021-09-27 14:06:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '14047', 'article_category_id' => '1', 'title' => 'Birgunj Customs Collects Rs 40 Billion in Revenue in 2 Months ', 'sub_title' => '', 'summary' => 'September 29: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. ', '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: Birgunj Customs Office – the country's biggest customs point – has collected a total Rs 40.6 billion in revenue so far since the current fiscal year started on July 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The revenue collection is 20.5 percent of the total target of Rs 198.1 billion to be collected in the current FY, said customs office officer Harihar Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Petroleum products, cooking gas, vehicles parts and food items, readymade clothes and raw materials for industries have been imported from India through the transit point. </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"">On a daily basis, the customs point sees an average of 800 trucks arriving with goods and around 100 leaving the checkpoint with goods bound for foreign countries. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13792', 'image' => '20210929024344_20210516024759_20210118020708_1610926784.Clipboard08 (1).jpg', 'article_date' => '2021-09-29 14:42:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '14046', 'article_category_id' => '1', 'title' => 'Adequate Stock of Consumable Goods Available for Festive Season: Government', 'sub_title' => '', 'summary' => 'September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: Government has assured that there won’t be any shortage of daily essentials during the upcoming festivals like Dashain, Tihar and Chhath this year. According to the government, food items like pulses, rice, sugar, nuts, cooking oil and LPG (cooking gas) are easily available as there is no interruption in the supply system of the market at the moment. </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""> Government authorities made such claims at an interaction on Market Monitoring and Role of Stakeholders organised by the Department of Commerce, Supply and Consumer Protection and Nepal Oil Corporation in Kathmandu on Monday.</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"">Speaking on the occasion, Secretary at the Ministry of Industry, Commerce and Supplies, Dinesh Pandey requested consumers to be aware as consumption increases during the festive season and some people may seize the opportunity to spread rumors of shortage of various food items, LPG and petroleum products in the market.</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 claimed that there was no shortage of any consumer goods in the market as there was no problem in the supply chain. He also urged all consumers not to believe in the rumor that there is a shortage of sugar in the market. </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"">Based on the data of the Department of Customs, he said that the annual demand for sugar in Nepal is 250,000 metric tons. According to the department, 212,000 metric tons of sugar was imported in Nepal last year while domestic sugar industries produced 170,000 metric tons of sugar. Thus, a total of 357,000 metric tons of sugar is available in the market, claimed Secretary Pandey. Therefore, he believes that there can be no shortage of sugar this year. He said that the government is committed to prevent shortage of any commodity in the market.</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"">Government officials claimed that there is also enough LPG for cooking and petroleum products along with the food supplies. Shiva Prasad Ghimire, former president of the LP Gas Industries Association, said that there is less possibility of shortage of gas as large hotels, restaurants and party palaces, which consume large quantity of gas, are not operating properly due to the impact of the pandemic. According to him, the consumption of gas in the market has decreased by about 37 percent as compared to the normal situation.</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, Director of Nepal Oil Corporation, Birendra Goit also said that there is no possibility of shortage as the NOC has 79 percent stock of its total capacity.</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 has started monitoring the market to regulate the market during the festival. All stakeholders stressed on the need for the government, private sector, human rights activists and all concerned bodies to make the market healthy and competitive and ensure consumer rights. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13791', 'image' => '20210929012256_20190422011527_added-sugar.jpg', 'article_date' => '2021-09-29 13:22:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '14044', 'article_category_id' => '1', 'title' => 'Parliamentary Committee Concerned About Unnatural Price Hike', 'sub_title' => '', 'summary' => 'September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: A parliamentary committee has expressed concerns regarding the recent price hike of daily essentials with the onset of the festive season.</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 Industry, Commerce, Labor and Consumer Welfare Committee under the House of Representatives has expressed concerns regarding the issue after receiving complaints about skyrocketing prices of daily necessities including oil, rice and pulses due to weak monitoring of the government.</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"">A meeting of the committee held at Singha Durbar on Tuesday discussed the issue and directed the Ministry of Industry, Commerce and Supplies to make arrangements to ensure that daily food and consumable items are available to the consumers at affordable prices during the festivals. Announcing the decision of the committee, Chairman Bimal Prasad Shrivastav directed the Ministry of Industry not to allow any kind of shortage of essential goods during the festivals.</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 instructed the ministry to expand the monitoring for price hike in other districts outside the Kathmandu valley as well.</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 Shrivastav said that the committee has instructed the ministry to fill the shortage of drinking water in the market and resolve various problems seen in the far western region. The committee has also asked the state-owned Salt Trading Corporation to establish fair-price shops in some additional places as well.</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 meeting will direct the concerned bodies to make such arrangements for consumers to get food, daily necessities and other essentials at affordable prices during the festive season," said Chairman Shrivastav, “The concerned bodies have been told to make sure that there is no shortage of any item, and in case of shortage, the concerned bodies should take immediate action.”</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 committee has also directed the concerned authorities to address the problem of food shortage in the far western province. It also directed the Salt Trading Corproation to arrange for food items as well as sugar in other places too.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13790', 'image' => '20210929115241_20210812011140_Price Hike.jpg', 'article_date' => '2021-09-29 11:51:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '14045', 'article_category_id' => '1', 'title' => 'Oli Vows to Stand against Government Decision to not Seek Income Source for New Investment ', 'sub_title' => '', 'summary' => 'September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 29: CPN-UML Chairperson KP Sharma Oli has said that he will oppose the government's decision not to seek source of income for new investment.</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 a discussion with the editors-in-chief of various media on September 28, he said that this provision of the budget was not appropriate and that it would bring problems. According to him, the government has brought such a provision to bring in black money which his party opposes. "We are not in favor of allowing black money to be brought in. Black money cannot be made white," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The new provision for investment brought by the government by amending the Income Tax Act under the Economic Act has faced strong opposition from all quarters.</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 the proposal to amend the Income Tax Act, 2058 BS, the government had arranged that ‘the source of income for investment will not be sought' while investing in various infrastructure sectors to attract investment.</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"">Earlier, the then Finance Minister of the Oli government, Dr. Yuvaraj Khatiwada, was also opposed to introducing such provision in the budget.</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"">Transparency International, along with various political parties, had protested the government's decision to amend the Income Tax Act to legalize illicit money. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">In a statement issued on September 20, Transparency International Nepal called on the coalition government to withdraw the proposal immediately.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">However, the government has defended the move saying that it will not allow investment of illegal money.</span></span></p> <p> </p> <p><br /> <br /> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-29', 'modified' => '2021-09-29', 'keywords' => '', 'description' => '', 'sortorder' => '13789', 'image' => '20210929120353_20210921125303_images.jpg', 'article_date' => '2021-09-29 12:02:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '14043', 'article_category_id' => '1', 'title' => 'Foreign Employment Sector Starts Returning to Normalcy', 'sub_title' => '', 'summary' => 'September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The foreign employment sector, which was severely affected by Covid-19 pandemic, is slowly returning to normalcy. The number of Nepali workers going for foreign employment had dropped sharply after the outbreak of Covid-19. However, this number has been increasing recently.</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 data from the Department of Foreign Employment shows that the number of workers going for foreign employment has been increasing since July. While 20,658 Nepalis went for foreign employment during last July, data shows that 25,428 people went for foreign employment in July and 36,040 in August this year.</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"">Statistics from the department have shown that more than 30,000 workers go for foreign employment from Nepal every month under normal circumstances. Only 4,086 Nepalis had gone for foreign employment in May.</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 number of workers going for foreign employment had dropped sharply after the outbreak of the pandemic in Nepal. The government had even postponed the approval of labor permit in March 2020. Even though the work permit was resumed from June 2020, only a negligible number of Nepali workers had been going abroad.</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 number of foreign workers had declined due to the global restriction to curb the spread of virus, the economic crisis in the destination countries, and the impact of the pandemic on the employer companies. “Nevertheless, this sector is flourishing now and soon this sector will return back to normal and move forward,” said Sujit Shrestha, general secretary of the Nepal Association of Foreign Employment Agencies.</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 added that 1,200 Nepalis have been going abroad for foreign employment on a daily basis at present.</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"">Lately, the demand for workers has been increasing significantly. The workers going for foreign employment have also been vaccinated against coronavirus with priority. As the labor-intensive countries are opening up, the number of workers going for foreign employment is increasing, says Shrestha.</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 increase in the number of workers going for foreign employment will also help the economy. Stakeholders say that, Nepal’s economy, which is still dependent on remittances, will also increase as the number of workers going abroad has gone up. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13788', 'image' => '20210928010703_20210508021733_Foreign Employment.jpg', 'article_date' => '2021-09-28 13:06:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '14041', 'article_category_id' => '1', 'title' => 'Government to Import 15,000 Metric Tons of Chemical Fertilizer from China ', 'sub_title' => '', 'summary' => 'September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The government is planning to import 15,000 metric tons of chemical fertilizer from China through the Tatopani customs point to address the current shortage of chemical fertilizer required for vegetable and winter crops.</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 has started importing chemical fertilizers produced in China on G2G basis as there is a shortage of fertilizers for vegetables and there is a need to keep stocks for wheat during the winter. The government is planning to import 10,000 metric tons of urea and 5,000 metric tons of DAP.</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"">Netra Bahadur Bhandari, managing director of Agriculture Inputs Company Limited, told New Business Age that the 15,000 metric tons of chemical fertilizer will be imported by a Nepali company called Silk Market. According to him, the fertilizer has already arrived at Shigatse in Tibet as of Monday and will reach Tatopani border within four days.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">According to Bhandari, the Nepali side has requested the officials of Nepal’s Consulate in Lhasa, Tibet, to make arrangements for the import of chemical fertilizers as soon as possible. "If the Chinese side eases customs clearance, the fertilizer would arrive here within 15 days," he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The import of fertilizer is likely to face some problems due to the landslides at Tatopani area, which has resulted in one-way traffic towards the Nepal side of border.</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 Agricultural Inputs Company Limited and the Salt Trading Corporation, the two government companies responsible for the sale and distribution of fertilizers at subsidized rate, now have limited stocks of fertilizer.</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 Agricultural Inputs Company Limited currently has a stock of 1,500 metric tons of urea, 233 metric tons of DAP, 1,000 metric tons of potassium, and about 300 metric tons of agricultural lime. Apart from this, 30,000 metric tons of urea are being brought from Kolkata and 25,000 metric tons of DAP are also being imported.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13787', 'image' => '20210928122715_20210518054607_20190510014655_Clipboard04-2.jpg', 'article_date' => '2021-09-28 12:26:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '14042', 'article_category_id' => '1', 'title' => 'Government Opens Advance Booking of Bus Tickets for Dashain Festival ', 'sub_title' => '', 'summary' => 'September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The government has opened advance ticket booking targeting passengers travelling home by bus during the upcoming Dashain festival. With the opening of advance booking, the number of people buying bus tickets has increased significantly at the New Bus Park and various other places where help desks have been set up to facilitate the passengers.</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 advance booking has started from September 27 to facilitate students and people involved in various professions in the capital to travel to their home districts outside the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">People could be seen eagerly waiting in queue in front of the ticket counters in the capital although the concerned body has said tickets can be booked through online medium.</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"">Last year, the advance ticket booking was not opened due to the risk of COVID-19. However, this year the ticket booking has been opened well in time for the festivals. </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"">At present, bus tickets are being issued from 32 ticket counters through computerized system at the New Bus Park while tickets are also available in various counters at Koteshwar, Kalimati, Sundhara among other areas.</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"">Authorities have urged the bus operators to maintain health protocol and to avail uniform to those stationed at ticket counters to ensure that the passengers are not duped. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13786', 'image' => '20210928124041_20210924120144_20200722015124_20171109120628_20171108035347_busbus.jpg', 'article_date' => '2021-09-28 12:39:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '14040', 'article_category_id' => '1', 'title' => 'Finance Minister Holds High-Level Discussions to Implement New Budget', 'sub_title' => '', 'summary' => 'September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: Finance Minister Janardan Sharma has stepped up work to implement the new budget brought by the current government replacing the ordinance budget introduced by then KP Sharma Oli-led government. Minister Sharma has started working for the effective implementation of the budget after the parliament endorsed the Appropriation Bill paving way for the government to spend the budget. </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 Monday, September 27, he called a high-level meeting with the Secretary of the Ministry of Finance and the Vice Chairman of the National Planning Commission to discuss the implementation of the new budget. The meeting held in-depth discussions over effective implementation of new programmes introduced in the replacement budget and the programmes continued from the previous budget. </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"">Finance Minister Sharma instructed concerned officials to increase capital expenditure by implementing the development projects announced in the budget. He also directed concerned secretaries to prepare a monthly action plan of projects. He also expressed commitment that there would be no delay in the work to be done by the Ministry of Finance regarding budget implementation and capital expenditure.</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"">Dr Bishwo Nath Poudel, Vice Chairman of the National Planning Commission, said that all the ministries should work hard to achieve the target of seven percent economic growth set by the replacement budget.</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"">Finance Secretary Madhu Kumar Marasini stressed on the need to start work immediately by preparing a monthly action plan for the effective implementation of the replacement budget </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 Govinda Roka, Public Relations Adviser to the Finance Minister, the high-level meeting has decided to determine the monthly work progress, sort out the issues immediately that need work procedures and work on issues instantly that need inter-ministerial coordination.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">The government had presented a budget of Rs 1.63 trillion by reducing Rs 14.7 billion through the replacement bill. The previous government had introduced a budget of Rs 1.64 trillion. </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 which has changed some tax rates through the replacement bill had also included some new social security programmes. The Appropriation Bill has already been passed by the federal parliament and authenticated by the president which has paved the way for the government to spend the budget. </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"">Amid protests from the CPN-UML, the National Assembly also passed the Fiscal Bill 2078 and the National Debt Raising Bill 2078. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13785', 'image' => '20210928121230_1632777477.4.jpg', 'article_date' => '2021-09-28 11:46:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '14038', 'article_category_id' => '1', 'title' => 'Special Court Seeks Rs 5 Million in Bail from Chudamani Sharma ', 'sub_title' => '', 'summary' => 'September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial Unicode MS","sans-serif"">September 28: The Special Court has sought Rs 5 million in bail from the then Director General of the Inland Revenue Department, Chudamani Sharma, for his alleged involvement in corruption in the capacity of a member of the Tax Clearance Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A division bench of judges Abdul Aziz Musalman and Nityananda Pandey issued such order after a hearing on Monday, September 27. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The court has sought the bail as per Clause 7(D) of the Special Court Act, 2059 by considering the additional liability to be incurred from the supplementary charge sheets filed against the defendant. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Commission for the Investigation of Abuse of Authority (CIAA) had lodged a case in the Special Court against three persons including Sharma claiming Rs 1.03 billion in fine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The two others facing charge sheet include Tax Clearance Commission's Chairman Lumba Dhowj Mahat and member Umesh Prasad Dhakal. -- RSS </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13784', 'image' => '20210928105547_jpg.jpg', 'article_date' => '2021-09-28 10:54:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '14039', 'article_category_id' => '1', 'title' => 'Electricity Regulatory Commission Tightens Rights Share Issuance of Hydropower Companies', 'sub_title' => '', 'summary' => 'September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 28: The Electricity Regulatory Commission (ERC) has tightened hydropower companies from issuing right shares. The commission took such decision after they were found to be issuing right shares haphazardly. </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 commission has issued a directive on Pre-Approval and Regulation of Public Issuance of Shares of Hydropower Companies, 2078 to regulate the companies from issuing their shares.</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"">From now on, hydropower companies are required to get prior approval from the commission while issuing right shares. Earlier, hydropower companies did not require to get prior approval from the commission to issue right shares. </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"">From now on, after the board of the companies decides to issue right shares, it needs to send the proposal to the commission to receive the pre-approval. Once the commission gives green signal, then only can the companies present the right shares proposal in the General Assembly Meeting of the respective company.</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"">Ram Prasad Dhital, a member and spokesperson of the commission, said that such provision was introduced after the companies started issuing right shares indiscriminately. Although the commission has introduced strict provisions to control right share issuance, it has allowed the companies from making cross-holding investment. Dhital informed that one company can invest in the shares of other companies under the new provision. </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"">A company can make the institutional investment of fifty one percent or more in other projects that shall remain under the same company. Similarly, provision has been made to make institutional investment in secondary company's projects or establishing secondary companies for the construction of the project. Capital required for the investment should be raised by issuing right shares. The right shares have to be issued in the ratio of 1:2.</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 also a provision to invest in another company without being the parent company with less than 50 percent shares. However, when investing in such a company, physical progress of the project should be twenty five percent. Such companies should issue right shares in the ration of 1:1. To issue right shares for both the purposes, funds raised from earlier right shares should have been utilized in the construction of the project. </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 commission has also set other conditions for cross-holding investment. The parent company should have started commercial power generation from its own project. Likewise, the company must be listed on the Nepal Stock Exchange. The power purchase agreement (PPA) of the project should have been finalized and the financial resources should have been arranged for the construction of the project. </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 commission has also paved the way to issue right shares for the projects that are under construction. The commission has said that if the construction of the project is not completed because of various reasons even after the issuance of Initial Public Offering (IPO) then the company will be allowed to issue right shares. In this respect, the cost of construction of the project must have gone up due to uncontrollable circumstances. Eighty percent of physical progress of such projects should have been completed. </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"">A clear financial action plan should be made and approved by the Board of Directors and the General Assembly in case of the project that are yet to be completed. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> </span></span></p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13783', 'image' => '20210928112959_1632691031.Clipboard04.jpg', 'article_date' => '2021-09-28 11:29:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '14037', 'article_category_id' => '1', 'title' => 'CNI Honours Women Entrepreneurs on World Tourism Day', 'sub_title' => '', 'summary' => 'September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 28: The Confederation of Nepalese Industries (CNI) has honored seven women entrepreneurs actively involved in the tourism sector on the occasion of the World Tourism Day 2021.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Confederation has felicitated Lucky Chhetri, Shraddha Joshi, Nimi Sherpa, Nandini Thapa, Sushma Tamang, Nisha Bhote and Sharmila Kafle.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">During the felicitation programme, Secretary at the Ministry of Culture, Tourism and Civil Aviation Yadav Prasad Koirala said that all stakeholders should work together to promote Nepal as an excellent tourist destination. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“The role of women is important to expand and sustain tourism in rural areas,” said Koirala.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Secretary Koirala also requested the entrepreneurs to increase the production of Nepali goods so that the import of goods into the country can be reduced.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Speaking at the program, the president of the confederation Bishnu Kumar Agrawal said that the role of women entrepreneurs is important to establish a sustainable economic development. He also mentioned that in order to make the economy of the country dynamic, it is necessary to resurrect the tourism sector as soon as possible.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">On the occasion, Vice President of the Confederation, Raj Bahadur Shah described Nepal as a safe destination to visit. Since Nepal has been kept in “Red Zone” by many countries, he said that the confederation should take initiative to remove Nepal from the list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Similarly, Chhaya Sharma, president of the Confederation's Women's Leadership Forum, said that the role of women entrepreneurs would be important to uplift the troubled tourism sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-28', 'modified' => '2021-09-28', 'keywords' => '', 'description' => '', 'sortorder' => '13782', 'image' => '20210928102041_Tourism Day.jpg', 'article_date' => '2021-09-28 10:19:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '14035', 'article_category_id' => '1', 'title' => '1100 Containers Stuck Across the Northern Border in China', 'sub_title' => '', 'summary' => 'September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">September 27: Goods including clothes will be expensive in the local market during this Dashain and Tihar due to the indifference of the government in facilitating the flow of goods from across the northern border in China.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">For the past two weeks, goods from China, including Quanzhou, have been stuck in Shigatse, Nyalam. About 1,100 containers crossing Lhasa are in various parking lots in Tibet, an autonomous region of China, while the warehouse of the customs office in Nepal is empty.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Ashok Kumar Shrestha, president of the Nepal Trans Himalayan Border Commerce Association said that as the Chinese officials are sending limited containers, there is less possibility that the Nepali importers could sell the goods ordered for Dashain. “More than 1,100 containers have been stopped in Khasa, Nyalam and Sigatse areas,” said Shrestha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Chief of Tatopani customs Narad Gautam said that an agreement has been reached between the two countries to allow 20 containers to enter Nepal through Tatopani customs per day. Such agreement was reached during a joint meeting between the officials of Tibet's Commerce, Customs, Ports and Foreign Affairs Office and Nepa’s consul general in Lhasa Nawaraj Dhakal last Thursday. However, a maximum of eight containers of goods are being imported despite such understanding.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">He also informed that goods being imported for Dashain and Tihar have not arrived yet. “Only agricultural and health related goods are currently imported,” he said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Consul General Nawaraj Dhakal, in the meeting with Chinese officials, had urged them to increase the volume of imports as the goods for Dashan and Tihar were stuck in the Chinese territory.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Gautam said that the complaints of Nepali traders were increasing due to the harassment from the Chinese side.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The traders had ordered goods for Dashain and Tihar using 'We Chat' with a plan to bring them to Kathmandu within 20 days at the most after buying them from Chinese cities.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“All the goods for Dashain Tihar are stuck in the Chinese territory,” said Raj Kumar Basnet, president of the Sindhupalchok Chamber of Commerce and Industry. “If this situation continues, the goods will not be able to reach Kathmandu in a month,” he said. Moreover, he said that the traders were affected due to the loan interest, double warehouse rent and waste of time.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Basnet said that the problem has been added due to the lack of government’s priority for the construction and maintenance of the road to the customs point. The importers have started relying on Indian ports for import after the deteriorating environment for importing goods by land route. He said that despite repeated memorandums to the prime minister, ministers and government staff demanding an environment for easy import of goods, they have not been heard. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13781', 'image' => '20210927030910_20210207093114_cs.jpg', 'article_date' => '2021-09-27 15:08:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '14036', 'article_category_id' => '1', 'title' => 'Faulty Process Disrupts Construction of Kakadbhitta-Inaurwa Railway Track', 'sub_title' => '', 'summary' => 'September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender bids.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">September 27: The construction of the Kakadbhitta-Inaruwa section of the East-West Electric Railway has been halted for more than a year due to the flawed process of awarding contracts to lay the track-bed through hastily announced tender 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"">The Department of Railways had called for tender bids on June 28 and 30, 2020 to construct the track-bed of the 106 kilometer section in 54 different packages. The department had called for the tender bids worth Rs 28 billion within a span of three days. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Times New Roman","serif"">Director General of the Department of Railways Deepak Kumar Bhattarai says that such tenders can be issued only after determining the rate of land and distribution of compensation to those affected by the project.</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"">It is estimated that the construction of the track-bed of the railway will require more than 700 bighas of land in Jhapa, Morang and Sunsari districts. </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"">Bhattarai admitted that tender for any project can be issued only after proper study and preparation. </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 were problems in land acquisition due to the hasty decision,” says Bhattarai about the decision taken by his predecessor.</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 Department of Railways was headed by Balaram Mishra when the flawed decision took place.</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 flawed decision to issue the tender was subsequently challenged in court. The Patan High Court scrapped the contracts awarded through the tenders on September 8, 2020. </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 department is still yet to sort out the land acquisition issue before it can start the actual construction.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13780', 'image' => '20210927041659_20200823052850_1598131355.Clipboard12.jpg', 'article_date' => '2021-09-27 16:16:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '14034', 'article_category_id' => '1', 'title' => 'Chamber of Industries Morang begins Industrial Survey ', 'sub_title' => '', 'summary' => 'September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. ', 'content' => '<p><em>Photo Courtesy: Chamber of Industries Morang</em></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:18px"><span style="font-family:"Arial Unicode MS","sans-serif"">September 27: The Chamber of Industries Morang has started the Industrial Survey of Sunsari-Morang Industrial Corridor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The survey has been started from Sunday (September 26) in order to develop a database of all industrial establishments. Chairperson of the chamber Suyash Pyakurel informed that the chamber has a plan to regularly keep the data up-to-date once they are collected and uploaded in a database. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Director-General of the Chamber, Chudamani Bhattarai, they have decided to collect data of all member industry of the chamber in Sunsari and Morang first and other remaining industries in a gradually. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He informed that five enumerators assigned by the chamber would reach all industrial establishments with a set of 100 questions to collect information covering different aspects of the industry. </span></span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""><span style="font-size:18px">The chamber had al</span>so conducted a two-day training for the enumerators taking into consideration the quality of the data. </span></span></span></p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13779', 'image' => '20210927025834_Chamber of industries morang.jpg', 'article_date' => '2021-09-27 14:56:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '14033', 'article_category_id' => '1', 'title' => 'Hoteliers Elated with On-Arrival Visa for Tourists ', 'sub_title' => '', 'summary' => 'September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to 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"">September 27: The hotel industry of the country has expressed its delight to the government’s decision to issue on-arrival visa to international tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a press statement on the eve of the World Tourism Day on Sunday, the Hotel Association of Nepal (HAN) praised the government scheme to provide on-arrival visa to tourists, which the HAN said, would encourage the country's already paralyzed tourism industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has committed to resuming all services fully after the government decision to reopen the international borders and to remove the provision of quarantine facility for the tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the government's decision, the fully inoculated tourists won't have to stay in quarantine. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the business community has urged the government to take prompt move to delist Nepal from the 'red zone' in the international level as more than 40 per cent Nepalis have already received the first and second doses of vaccine against COVID-19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The HAN has also asked the government to revive the country's tourism activities by providing one-month-long visa for free to the international tourists and implement the 10-day tour package to the government officials announced by the government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-09-27', 'modified' => '2021-09-27', 'keywords' => '', 'description' => '', 'sortorder' => '13778', 'image' => '20210927020658_Hotel.jpg', 'article_date' => '2021-09-27 14:06:08', '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
