Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June…
Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June…
June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased.…
June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to…
June 28: The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19…
June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain.…
June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like…
June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three…
June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector.…
Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in…
Majority of the country is experiencing general to mostly cloudy weather today.…
June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not…
June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory…
June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government.…
June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal…
June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track.…
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However, the authorities have eased the restrictions to some extent, bringing respite to the people.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">A meeting of the chief district officers of Kathmandu, Lalitpur, and Bhaktapur, on Monday (June 28) decided to allow grocery stores to operate till 6 pm every day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Similarly, departmental stores, shopping malls, cosmetic and gift shops, tailoring and clothing stores, jewelry shops, automobile showrooms, hardware and furniture shops among others will be allowed to operate from 11 am to 6 pm each day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">As per the decision, public vehicles with seating capacity of more than 25 passengers will now be allowed to operate in the valley from June 29. However, the vehicles will have to strictly follow the health protocol set by the government and operate under the odd-even rule. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a press statement, the District Administration Office, Kathmandu stated that public transport entrepreneurs are required to ensure the enforcement of public health protocols and physical distancing rule while operating their vehicles. This rule also applies to private vehicles, that have been operating since last week.</span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Vehicles will be allowed to operate between 6 am to 7 pm, inside the valley, according to the state-owned national news agency RSS.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Meanwhile, wedding ceremonies and family gatherings are allowed within the premises of the private house with no more than 15 attendants.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">The meeting of the CDOs of the three districts of Kathmandu Valley had announced to ease the lockdown from June 29, taking into consideration the decline in Covid-19 cases in the valley .</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '13346', 'image' => '20210628052619_20200601121121_lockdown.jpg', 'article_date' => '2021-06-28 17:25:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13600', 'article_category_id' => '1', 'title' => '200 kg of Gold Imported after Relaxation of Prohibitory Order ', 'sub_title' => '', 'summary' => 'June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. Prior to this, the import of gold was completely halted. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Jewelry shops have been allowed to operate after the lockdown was eased on June 22. After that, Nepal Bankers Association imported gold upon the recommendation of the Federation of Nepal Gold and Silver Dealers Association,</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Mani Ratna Shakya, former president of the federation, informed that the 200 kg of gold was imported by the bankers’ association. “The association has already imported the gold and distributed it to the businessmen,” he said, adding, “100 kg of gold have been imported in Kathmandu valley this time while the other 100 kg have been imported to places outside the valley.” </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">District administration offices had imposed the ban in most of the districts across the country to contain the second wave of covid-19. The import of gold was halted from April 25. Shakya says that they have started importing gold after the ban was eased. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The federation had urged the banks not to import gold due to the high chances of lockdown. The banks have been given the authority to import gold in Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the statistics of the Department of Customs, the import of gold from mid-May to mid-June was zero. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Altogether 3,018 kg of gold worth Rs 21.68 billion has been imported till May 14 this year. The data show that gold worth Rs 2.12 billion was imported from Turkey while the remaining gold worth Rs 18.94 billion was imported from the UAE. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold had also declined due to the lockdown imposed to control the first wave of covid-19. However, imports increased after the lockdown was lifted. Nevertheless, the import was affected again during the second phase of lockdown. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold was below average in April. Prior to April, gold worth Rs 2.14 billion was imported monthly on average. However, gold of only Rs 1.75 billion was imported in April. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13345', 'image' => '20210628023749_20201215120431_gold.jpg', 'article_date' => '2021-06-28 14:37:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13599', 'article_category_id' => '1', 'title' => 'Reconstruction Authority Engineers Agree to Return to Work', 'sub_title' => '', 'summary' => 'June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work. The engineers reached an understanding with the NRA after rounds of talks and discussions with NRA representatives on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The engineers agreed to return to work after being assured to be provided with the communication, transportation, and local allowances. Likewise, NRA has assured them of providing necessary training to the technicians.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">After the discussion, Shyam Kishore Singh, Project Director of the Central Project Implementation Unit, and Avinash Amar signed the MoU on behalf of the two parties.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Amar expressed happiness over the fulfillment of all of their demands and pledged to work on all the technical works and show progress by mid-July, reads a statement of NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The agreement reached between the authority and the engineers is as follows:</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">1. The Central Project Implementation Unit will take initiative to provide insurance amount to the family of Raja Shah, who has been working under the District Planning Implementation Unit working under Okhaldhunga, if he dies during his tenure.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">2. Prepare a roster of the employees (including technicians, social workers) who have worked under the authority at different times and also put it in the online portal. Also, this roster will be sent by NRA to various concerned bodies for future reference.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">3. To provide communication expenses, transportation expenses, and local allowances to the technicians as per the rules from the month of Shrawan of the current Fiscal Year 2077/78.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">4. NRA will provide refresher training to the technicians working under NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">5. NRA will take initiative to give recognition to the technicians and include in the 10-year goal of Nepal Grand Campaign.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">6. All the movements of the technicians under NRA will be ended from June 26 and will return to regular work.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13344', 'image' => '20210628124301_tesXamd4TN210415090728.JPG', 'article_date' => '2021-06-28 12:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13598', 'article_category_id' => '1', 'title' => 'World Bank to Provide Concessional Loan of $150 Million to Support Nepal’s Resilient Recovery', 'sub_title' => '', 'summary' => 'June 28: The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.', 'content' => '<p><em>Photo Courtesy: World Bank Nepal</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">June 28: </span></span><span style="font-size:13.5pt"><span style="font-family:Helvetica"> The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the loan will be utilized to protect the most vulnerable, and support sustainable growth.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">Finance Secretary Sishir Kumar Dhungana and the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, signed the agreement to this effect, reads a statement issued by the World Bank.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">the statement quoted Finance Secretary Sishir Kumar Dhungana as saying. “The proposed budgetary support will be utilized in the physical infrastructural projects and economic recovery sectors as per the requirement and priorities of the Government of Nepal.”</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the first Fiscal Policy for Growth, Recovery and Resilience Development Policy Credit further supports reforms aimed at protecting the most vulnerable and supporting business growth. Reforms in this area focus on social protection, the intergovernmental framework, and supporting access to capital for firms. It will help speed up the ongoing large development projects to create jobs, accelerate markets, and support green recovery. The financing will be provided to the Government of Nepal through budgetary support, the statement added.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“This project will help the country achieve sustained growth during and after the COVID-19 pandemic that is inclusive, job-creating and environmentally sustainable,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">stated Faris Hadad-Zervos, World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka. “The World Bank is committed to support the government’s pandemic response to protect lives and stimulate economic recovery in Nepal.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13343', 'image' => '20210628075141_203762300_10157693663166467_996050178721294899_n.jpg', 'article_date' => '2021-06-28 07:50:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13596', 'article_category_id' => '1', 'title' => 'Fuel and Vehicles worth Rs 150 Billion Imported through Birgunj Customs ', 'sub_title' => '', 'summary' => 'June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. According to the import data for the 11 months of the current Fiscal Year (FY 2077/78) at Birgunj, the main customs point of the country, fuel and vehicle imports have increased more during the reveiw period. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the Birgunj Customs Office, fuel and vehicles worth Rs 141.14 billion have been imported between July to May this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The country has incurred R. 11 billion more on fuel and vehicle imports this year compared to the review period of the last fiscal year 2076/77. Chief Customs Officer at the Birgunj Customs Office Harihar Poudel said that petroleum products worth Rs 113.75 billion and vehicles worth Rs 27.38 billion have been imported by the end of June this year. According to the customs office, 18 types of vehicles including jeeps, motorcycles, trucks, and buses have been imported through the checkpoint.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Petroleum products worth Rs 107.18 billion and vehicles worth Rs 23.42 billion were imported till May in the previous fiscal year. Fuel and vehicle imports accounted for about 31 percent of the total imports from Birgunj customs as of May this year. During this period, goods worth Rs 458 billion were imported through Birgunj Customs.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government imposed a lockdown for about six months from March last year to stop the spread of Covid-19. Similarly, the government has issued prohibitory order since April 29 this year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Fuel and vehicle imports were expected to decline this year due to the ban. However, the import of vehicles has increased in the last month, said Poudel. Most of the diesel and aviation fuel enter through Birgunj. Poudel informed that most of the diesel comes from the Motihari-Amalekhgunj Petroleum Pipeline.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the customs office, 828,000 kiloliters of diesel worth Rs 50.40 billion has arrived through Birgunj in the first 11 months of the current fiscal year. During this period, 284,000 kiloliters of petrol and 122,000 kiloliters of aviation fuel have entered the country. According to the customs office, 15 types of petroleum products have entered Nepal through the Birgunj checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13342', 'image' => '20210627024332_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-27 14:42:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '13597', 'article_category_id' => '1', 'title' => 'Chicken Price Jumps as Production Declines', 'sub_title' => '', 'summary' => 'June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle. The recent floods and landslides in various districts have also affected the production.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Many farmers have stopped producing chicken due to the fear of not being able to sell the produced chicken while the Newcastle disease in different districts also created panic among them. Chicken traders say that the production has reduced due to the floods and landslides caused by continuous rain.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the stakeholders, about 30 percent of poultry farmers have sopped raising chickens due to the lockdown, Newcastle disease as well as floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Tikaram Pokhrel, former president of the Nepal Hatchery Industries Association, the production of chicken has come down from 4.5 million to 3.1 million. He said that the farmers have stopped adding chicks after the roads in different districts were blocked due to floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The direct impact of decline in production is seen in the price of the chicken. According to the Meat Entrepreneurs Association of Nepal, the price of broiler chicken has gone up by Rs 40 to Rs 290 per kg from Rs 330 per kg. In the retail market, the price is up to Rs 350.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Jung Bahadur BC, president of the association, says that if the production is not improved, the price of meat may increase further.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">He informed that the consumption of meat has also increased as the ban has been eased to some extent. “The consumption of meat in the Kathmandu Valley was only 20 percent at the time of the ban, but it has increased to 40 percent now,” he says. Under normal circumstances, about 500,000 kg of meat is consumed daily in Kathmandu Valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The increase in the price of grains and medicines for feeding chicken has also affected the production. The price of soybean that is used for making chicken feed has increased from Rs 75 to Rs 88 per kg, while the price of maize has also increased from Rs 26 to Rs 32 per kg.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13341', 'image' => '20210627030211_20160613051853_20160613104208_Clipboard05.jpg', 'article_date' => '2021-06-27 15:01:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13595', 'article_category_id' => '1', 'title' => 'Upper Tamakoshi Hydropower Project to Come into Operation within July 15 ', 'sub_title' => '', 'summary' => 'June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks. According to the national news agency (RSS), it will start generating 152 megawatts electricity from July 15. </span><br /> <span style="font-family:"Arial Unicode MS"">Necessary preparations have reached the final stage for producing electricity from two units of the project within July 15, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">Project spokesperson Dr Ganesh Neupane said the trial run of the first unit has been conducted in the first phase and works are on for conducting the test run of the second unit. The project would be connected to the national grid after completing the works of the second unit. </span><br /> <span style="font-family:"Arial Unicode MS"">The 456-megawatt project is near completion almost 10 years after its construction was started. The project with largest domestic investment has reached the final phase of completion despite grappling with natural disasters and various other technical issues. </span><br /> <span style="font-family:"Arial Unicode MS"">Neupane said that necessary preparations are being done from June 27 to July 3 for feeding the electricity produced from the project to the national grid. According to him, works of managing the transmission line of the project have been forwarded. </span><br /> <span style="font-family:"Arial Unicode MS"">The 220-KV transmission line carrying power from the powerhouse of the Upper Tamakoshi Project is being connected to the sub-station located at New Khimti. </span><br /> <span style="font-family:"Arial Unicode MS"">Before this, preparations were made to connect the transmission line from this project to the Dhalkebar sub-station. </span><br /> <span style="font-family:"Arial Unicode MS"">The success of this project has raised hopes that other big projects could also be constructed with domestic investment. </span><br /> <span style="font-family:"Arial Unicode MS"">Although the initial cost of the project was estimated to be Rs 35 billion, it has now reached around Rs 80 billion in 10 years due to the increase in foreign exchange rate of the US Dollar and the interest rate, among other factors. </span></span></span></p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13340', 'image' => '20210627123145_20201206012152_1607211371.Clipboard13.jpg', 'article_date' => '2021-06-27 12:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13594', 'article_category_id' => '1', 'title' => 'Insurance Board Conducting Study to Expand Micro Insurance Sector', 'sub_title' => '', 'summary' => 'June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. The board has formed a four-member committee under the coordination of Sushil Dev Subedi, the director of the board. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Members of the committee include Punam Gywali, Deputy Director of the board, Chanki Chhetri, CEO of Sagarmatha Insurance and Poshakraj Poudel, CEO of Citizens Life Insurance Company. The committee has already started its study into the issue and will be submitting a report after the completion of the study in twenty days. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Raju Raman Poudel, Managing Director of the board, said that micro insurance has not been able to expand its business so a study committee has been formed to study this matter. The committee will study into the issues that are preventing the growth of the micro insurance sector and find out the mechanism to be adopted to expand its growth. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">At present, micro insurance services are accessible to 23 percent of the population. The government wants to increase its access to 33 percent of the population. To achieve the target, the board has been working on various issues. In this regard, the board has come up with the committee to figure out strategies to expand the micro insurance sector. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"If the business of micro insurance could be expanded, it helps to increase access to insurance. So study is being conducted with an objective to expand people's reach to insurance," he added. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However there is not any intention to award licenses to micro insurance companies. "The study is not intended to provide license to micro insurance company. If the study implies a need for a separate company, it will be established but the board has not given any consideration to it as yet," said Poudel. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13339', 'image' => '20210627122025_20200417105653_Beema-Samiti.jpg', 'article_date' => '2021-06-27 12:19:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '13593', 'article_category_id' => '1', 'title' => 'Operations of Domestic and International Flights at TIA Normal ', 'sub_title' => '', 'summary' => 'Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu', 'content' => '<p>June 26: Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu. Kathmandu Valley has witnessed incessant rain and foggy sky since early this morning. <br /> According to the TIA source, no international flight has been obstructed due to the adverse weather conditions. However, domestic flights to some destinations have been normally affected due to poor visibility and foggy conditions. Now the weather is gradually improving. <br /> At least 2,500-metre visibility is necessary for landings and take-offs for the international aircrafts. Most of the international flights took place in the morning time. There are no disruptions in international flights as flight services are scheduled in the morning and evening, said the TIA source. <br /> Aircraft have landed in Kathmandu this morning and outgoing flights are scheduled for evening, the sources added. <br /> Towards domestic service, limited charted and rescue flights are taking place. The government has decided to resume domestic flight services in the country from July 1. <br /> Number of international flights to some destinations has been added since June 24. In order to contain the second wave of coronavirus pandemic, the government had enforced prohibitory orders in various parts of the country, including the Kathmandu Valley since April 29. <br /> The domestic flights have been put off since May 3 and international flights since May 6 as part of its measures to stem the virus outbreak. -- RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13338', 'image' => '20210626025244_DOmestic flights.jpg', 'article_date' => '2021-06-26 14:50:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '13592', 'article_category_id' => '1', 'title' => 'Monsoon Rain Lashes Majority Parts of the Country', 'sub_title' => '', 'summary' => 'Majority of the country is experiencing general to mostly cloudy weather today. ', 'content' => '<p>June 26: Several parts of Nepal are receiving lashes of rain as monsoon hits the country . Likewise, moderate to heavy rainfall is likely to continue at many places of the country, according to the Weather Forecasting Division. </p> <p>There are also chances of heavy rain with thunder and lightning in few places of Province 1, Province 2, Bagmati, Gandaki and Lumbini provinces. Province 1, Province 2 and Bagmati province are already experiencing light rainfall since this morning.</p> <p>The weather is likely to remain generally to mostly cloudy in the country later tonight while light to moderate rain is possible at many places of the country. There are chances of heavy rain with thunder and lightning at one or two places of Province 1, Province 2 and Lumbini Province tonight, adds the Division. The temperature of Kathmandu is expected to remain at a maximum of 27.4 and minimum of 20.2 degree Celsius today. --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13337', 'image' => '20210626022910_Monsoon.jpeg', 'article_date' => '2021-06-26 14:24:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13591', 'article_category_id' => '1', 'title' => 'Staffers of BFIs Warn of Strike against Social Security Fund', 'sub_title' => '', 'summary' => 'June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Employees' unions of about two dozen banks, financial institutions, and insurance companies issued a joint statement on Thursday, June 24, urging the SSF to consider their suggestions.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have been protesting against the mandatory provision of joining SSF and have demanded voluntary participation. They have also submitted dozens of suggestions after the Social Security Fund directed all private sectors to get registered in the government scheme by mid-July.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the employees' union, the pressure of the social security fund has created panic amongst the BFI's employees.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">“The pressure from the fund has made a psychological impact and has affected the productivity of the employees. Therefore, we are unable to be join the existing plan of the fund,” mentions the press statement.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">"If we create unnecessary fear, intimidation, and pressure in this area by ignoring the suggestions given at various period to amend the provisions of the Act, Rules, and Procedures, we will be compelled to start a movement against the scheme," the statement said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees’ unions had earlier submitted a 14-point recommendation to the fund. As some provisions of the contribution-based Social Security Act, Rules and Procedures do not favor the employees, amendments are necessary to make them in favour of the workers and guarantee that the services provided to the employees will not be reduced. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to Clause 19 (4) (c) of the work procedure of SSF, if the workers do not want to transfer the amount from the provident fund and gratuity allowance to the SSF before the date of commencement of contribution to SSF, the contributor can receive the amount themselves or deposit the amount to any other retirement fund. However, this provision is not mentioned in the Social Security Act and the employees have demanded the SSF to include it in the act as well, besides suggesting the fund to remove double taxation for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, they suggest that in case of death of the contributor with 180 months of contribution to the fund, the deposited amount should be returned to his / her family or the person he/she has nominated.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have also demanded amendment of the provision that allows them to take out only 80 percent of the amount deposited after three years of joining the social security fund and to make it possible to take loans up to 90 percent at any time.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13336', 'image' => '20210625024103_20210225124654_Social-Security-Fund-SSF.jpg', 'article_date' => '2021-06-25 14:40:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '13588', 'article_category_id' => '1', 'title' => 'Demand for Electricity Rises after Relaxation of Prohibitory Order', 'sub_title' => '', 'summary' => 'June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order. Due to the prohibitory order imposed to contain the second wave of coronavirus, the demand for electricity had gone down. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The government has eased the restrictions since June 22 in the valley. Ever since, the consumption of electricity has gone up. Spokesperson of NEA, Madan Timisina said that the power consumption stood at 1365 MW during the peak hour on June 22. During the period of prohibitory order, electricity consumption had declined to 1170 MW at the peak hour. Timsina said that demand for electricity has improved following the relaxation of prohibitory order. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">After the government eased people's movement, corporate offices, banks and financial institutions, industries, departmental stores have come into operation leading to a rise in electricity consumption. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The NEA is currently generating 400MW electricity through different projects. The private sector is generating 440 MW electricity and an additional 520 MW is being imported from India. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"Due to landslides and floods, some of the NEA projects are not in operation so import of electricity has been increased,” Timsina informed. Before the government imposed restrictions, the normal peak hour demand was 1300 MW which was reduced to 1170 MW. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Meanwhile, the prohibitory order imposed this time did not affect the electricity consumption as much as in the first phase of lockdown. The power consumption had reduced to 600 MW during the lockdown imposed in 2020. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13335', 'image' => '20210625105528_20210111032406_1610322387.1.jpg', 'article_date' => '2021-06-25 10:55:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '13587', 'article_category_id' => '1', 'title' => ' Government Backs 'Make in Nepal' Campaign ', 'sub_title' => '', 'summary' => 'June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. ', 'content' => '<p><em>Signing ceremony between CNI and Government of Nepal at Singha Durbar on June 24. Photo Courtesy: CNI</em></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a statement on Thursday (June 24), CNI said that the campaign initiated with the objective of promoting goods and services produced in Nepal has received strong backing from the government</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">The statement further said that an agreement to this end was signed between the government and the CNI at the Office of the Prime Minister and Council of Ministers on Thursday (June 24). </span><br /> <span style="font-family:Arial">During the signing ceremony, Chief Secretary Shanker Das Bairagi expressed the confidence that the campaign would prove a milestone in developing Nepal into a self-reliant and export-oriented economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">"Accordingly, the government is simplifying policy and procedures, and also developing environment conducive for investment," the statement quoted Chief Secretary Bairagi as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Meanwhile, CNI President Satish Kumar More said that the production and promotion of Nepal-made goods is the need of the moment, and urged for support and cooperation from all sectors s. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13334', 'image' => '20210625104610_MoU_CNI_&_Nepal_Govt-2.jpeg', 'article_date' => '2021-06-25 10:44:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '13586', 'article_category_id' => '1', 'title' => 'Nepal Exports Goods worth Rs 121 Billion in Current FY ', 'sub_title' => '', 'summary' => 'June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According the Department of Customs, Nepal had exported goods worth Rs 88 billion during the same period in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, Nepal imported goods worth Rs 1383.36 billion during the review period. According to the Department, the import of goods rose by 25.67 per cent compared to last fiscal year. Nepal had imported goods and services equal to Rs 1100.81 billion in the same period last year. </span><br /> <span style="font-family:"Arial Unicode MS"">From mid-May to mid-June, Nepal imported goods and services of Rs 129.25 billion while the export remained just Rs 12.77 billion. </span><br /> <span style="font-family:"Arial Unicode MS"">As per the statistics, the country’s trade deficit in the current fiscal year has widened by 24.61 per cent. </span><br /> <span style="font-family:"Arial Unicode MS"">In the country’s foreign trade, the share of import is 91.94 per cent while it is just 8.06 per cent of export. </span><br /> <span style="font-family:"Arial Unicode MS"">The top importing goods of Nepal include diesel, iron products (steel), legume oil, mobile phone, cooking gas and petrol. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, legume oil, cardamom, carpet, tea and jute carpet remained the top export goods of Nepal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13333', 'image' => '20210625103247_20190227014053_aadfsaff.jpg', 'article_date' => '2021-06-25 10:32:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '13589', 'article_category_id' => '1', 'title' => 'Chinese Team Arrives to Design Tunnel of KTM-Terai Fast Track ', 'sub_title' => '', 'summary' => 'June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. The Chinese team of Poly Chhangda Engineering Corporation will design the tunnel between Dhadrekhola to Lanedada and a special bridge in this section. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the contract agreement signed on May 14, a group of 14 people from the company arrived in Nepal on Wednesday, June 23, on a chartered flight. The agreement was signed to build the Fast Track under Engineering, Procurement and Construction (EPC) model. Spokesperson of the Nepalese Army Santosh Ballabh Poudel informed that the officials of the company who got the contract for the second package have arrived.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"The team consists of the necessary experts, including project managers, tunnels, bridges and road engineers," Poudel said, adding, “The team will design the structure and start field work after completing quarantine."</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The human resources of the company present in the country have already started the work of geophysical and geotechnical survey and the team that arrived on Wednesday will look into the design of the tunnel. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"It is an achievement that the team has arrived in the country even in such difficult times. This will help to complete the project on time," Brigadier General Poudel added. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The design of the project to be constructed through this medium should also be done by the same company.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the agreement, the design has to be completed within six months. He said that the army would facilitate the team to start the design work as soon as possible. Similarly, a team of China State Construction Engineering Corporation Limited, which was awarded the contract to build the first package of the Chhokredanda-Dhedrekhola tunnel, will also arrive in Kathmandu in two or three days, he said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The Nepalese Army has signed agreements with two Chinese companies to build special bridges with tunnels within three and a half years at an estimated cost of Rs 50.14 billion. The army had signed the contract despite a directive from the Public Accounts Committee of the parliament to cancel the process citing irregularities in the process.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The cost of the first package of the bridge construction including the tunnel is estimated to be Rs 21.61 billion while that of the second package is Rs 28.53 billion. The company will complete the design in six months and the tunnel / bridge construction within the next three years. The 72.5 km long fast-track will have tunnels at three different locations and 16 complex bridges.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13332', 'image' => '20210625110719_20210516122418_20170616052456_fast track nov 21.jpg', 'article_date' => '2021-06-25 11:06:29', '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' => '13601', 'article_category_id' => '1', 'title' => 'Prohibitory Order Further Extended with Relaxation', 'sub_title' => '', 'summary' => 'Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">June 28: Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29. However, the authorities have eased the restrictions to some extent, bringing respite to the people.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">A meeting of the chief district officers of Kathmandu, Lalitpur, and Bhaktapur, on Monday (June 28) decided to allow grocery stores to operate till 6 pm every day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Similarly, departmental stores, shopping malls, cosmetic and gift shops, tailoring and clothing stores, jewelry shops, automobile showrooms, hardware and furniture shops among others will be allowed to operate from 11 am to 6 pm each day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">As per the decision, public vehicles with seating capacity of more than 25 passengers will now be allowed to operate in the valley from June 29. However, the vehicles will have to strictly follow the health protocol set by the government and operate under the odd-even rule. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a press statement, the District Administration Office, Kathmandu stated that public transport entrepreneurs are required to ensure the enforcement of public health protocols and physical distancing rule while operating their vehicles. This rule also applies to private vehicles, that have been operating since last week.</span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Vehicles will be allowed to operate between 6 am to 7 pm, inside the valley, according to the state-owned national news agency RSS.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Meanwhile, wedding ceremonies and family gatherings are allowed within the premises of the private house with no more than 15 attendants.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">The meeting of the CDOs of the three districts of Kathmandu Valley had announced to ease the lockdown from June 29, taking into consideration the decline in Covid-19 cases in the valley .</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '13346', 'image' => '20210628052619_20200601121121_lockdown.jpg', 'article_date' => '2021-06-28 17:25:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13600', 'article_category_id' => '1', 'title' => '200 kg of Gold Imported after Relaxation of Prohibitory Order ', 'sub_title' => '', 'summary' => 'June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. Prior to this, the import of gold was completely halted. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Jewelry shops have been allowed to operate after the lockdown was eased on June 22. After that, Nepal Bankers Association imported gold upon the recommendation of the Federation of Nepal Gold and Silver Dealers Association,</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Mani Ratna Shakya, former president of the federation, informed that the 200 kg of gold was imported by the bankers’ association. “The association has already imported the gold and distributed it to the businessmen,” he said, adding, “100 kg of gold have been imported in Kathmandu valley this time while the other 100 kg have been imported to places outside the valley.” </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">District administration offices had imposed the ban in most of the districts across the country to contain the second wave of covid-19. The import of gold was halted from April 25. Shakya says that they have started importing gold after the ban was eased. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The federation had urged the banks not to import gold due to the high chances of lockdown. The banks have been given the authority to import gold in Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the statistics of the Department of Customs, the import of gold from mid-May to mid-June was zero. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Altogether 3,018 kg of gold worth Rs 21.68 billion has been imported till May 14 this year. The data show that gold worth Rs 2.12 billion was imported from Turkey while the remaining gold worth Rs 18.94 billion was imported from the UAE. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold had also declined due to the lockdown imposed to control the first wave of covid-19. However, imports increased after the lockdown was lifted. Nevertheless, the import was affected again during the second phase of lockdown. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold was below average in April. Prior to April, gold worth Rs 2.14 billion was imported monthly on average. However, gold of only Rs 1.75 billion was imported in April. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13345', 'image' => '20210628023749_20201215120431_gold.jpg', 'article_date' => '2021-06-28 14:37:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13599', 'article_category_id' => '1', 'title' => 'Reconstruction Authority Engineers Agree to Return to Work', 'sub_title' => '', 'summary' => 'June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work. The engineers reached an understanding with the NRA after rounds of talks and discussions with NRA representatives on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The engineers agreed to return to work after being assured to be provided with the communication, transportation, and local allowances. Likewise, NRA has assured them of providing necessary training to the technicians.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">After the discussion, Shyam Kishore Singh, Project Director of the Central Project Implementation Unit, and Avinash Amar signed the MoU on behalf of the two parties.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Amar expressed happiness over the fulfillment of all of their demands and pledged to work on all the technical works and show progress by mid-July, reads a statement of NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The agreement reached between the authority and the engineers is as follows:</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">1. The Central Project Implementation Unit will take initiative to provide insurance amount to the family of Raja Shah, who has been working under the District Planning Implementation Unit working under Okhaldhunga, if he dies during his tenure.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">2. Prepare a roster of the employees (including technicians, social workers) who have worked under the authority at different times and also put it in the online portal. Also, this roster will be sent by NRA to various concerned bodies for future reference.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">3. To provide communication expenses, transportation expenses, and local allowances to the technicians as per the rules from the month of Shrawan of the current Fiscal Year 2077/78.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">4. NRA will provide refresher training to the technicians working under NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">5. NRA will take initiative to give recognition to the technicians and include in the 10-year goal of Nepal Grand Campaign.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">6. All the movements of the technicians under NRA will be ended from June 26 and will return to regular work.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13344', 'image' => '20210628124301_tesXamd4TN210415090728.JPG', 'article_date' => '2021-06-28 12:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13598', 'article_category_id' => '1', 'title' => 'World Bank to Provide Concessional Loan of $150 Million to Support Nepal’s Resilient Recovery', 'sub_title' => '', 'summary' => 'June 28: The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.', 'content' => '<p><em>Photo Courtesy: World Bank Nepal</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">June 28: </span></span><span style="font-size:13.5pt"><span style="font-family:Helvetica"> The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the loan will be utilized to protect the most vulnerable, and support sustainable growth.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">Finance Secretary Sishir Kumar Dhungana and the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, signed the agreement to this effect, reads a statement issued by the World Bank.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">the statement quoted Finance Secretary Sishir Kumar Dhungana as saying. “The proposed budgetary support will be utilized in the physical infrastructural projects and economic recovery sectors as per the requirement and priorities of the Government of Nepal.”</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the first Fiscal Policy for Growth, Recovery and Resilience Development Policy Credit further supports reforms aimed at protecting the most vulnerable and supporting business growth. Reforms in this area focus on social protection, the intergovernmental framework, and supporting access to capital for firms. It will help speed up the ongoing large development projects to create jobs, accelerate markets, and support green recovery. The financing will be provided to the Government of Nepal through budgetary support, the statement added.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“This project will help the country achieve sustained growth during and after the COVID-19 pandemic that is inclusive, job-creating and environmentally sustainable,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">stated Faris Hadad-Zervos, World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka. “The World Bank is committed to support the government’s pandemic response to protect lives and stimulate economic recovery in Nepal.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13343', 'image' => '20210628075141_203762300_10157693663166467_996050178721294899_n.jpg', 'article_date' => '2021-06-28 07:50:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13596', 'article_category_id' => '1', 'title' => 'Fuel and Vehicles worth Rs 150 Billion Imported through Birgunj Customs ', 'sub_title' => '', 'summary' => 'June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. According to the import data for the 11 months of the current Fiscal Year (FY 2077/78) at Birgunj, the main customs point of the country, fuel and vehicle imports have increased more during the reveiw period. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the Birgunj Customs Office, fuel and vehicles worth Rs 141.14 billion have been imported between July to May this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The country has incurred R. 11 billion more on fuel and vehicle imports this year compared to the review period of the last fiscal year 2076/77. Chief Customs Officer at the Birgunj Customs Office Harihar Poudel said that petroleum products worth Rs 113.75 billion and vehicles worth Rs 27.38 billion have been imported by the end of June this year. According to the customs office, 18 types of vehicles including jeeps, motorcycles, trucks, and buses have been imported through the checkpoint.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Petroleum products worth Rs 107.18 billion and vehicles worth Rs 23.42 billion were imported till May in the previous fiscal year. Fuel and vehicle imports accounted for about 31 percent of the total imports from Birgunj customs as of May this year. During this period, goods worth Rs 458 billion were imported through Birgunj Customs.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government imposed a lockdown for about six months from March last year to stop the spread of Covid-19. Similarly, the government has issued prohibitory order since April 29 this year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Fuel and vehicle imports were expected to decline this year due to the ban. However, the import of vehicles has increased in the last month, said Poudel. Most of the diesel and aviation fuel enter through Birgunj. Poudel informed that most of the diesel comes from the Motihari-Amalekhgunj Petroleum Pipeline.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the customs office, 828,000 kiloliters of diesel worth Rs 50.40 billion has arrived through Birgunj in the first 11 months of the current fiscal year. During this period, 284,000 kiloliters of petrol and 122,000 kiloliters of aviation fuel have entered the country. According to the customs office, 15 types of petroleum products have entered Nepal through the Birgunj checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13342', 'image' => '20210627024332_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-27 14:42:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '13597', 'article_category_id' => '1', 'title' => 'Chicken Price Jumps as Production Declines', 'sub_title' => '', 'summary' => 'June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle. The recent floods and landslides in various districts have also affected the production.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Many farmers have stopped producing chicken due to the fear of not being able to sell the produced chicken while the Newcastle disease in different districts also created panic among them. Chicken traders say that the production has reduced due to the floods and landslides caused by continuous rain.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the stakeholders, about 30 percent of poultry farmers have sopped raising chickens due to the lockdown, Newcastle disease as well as floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Tikaram Pokhrel, former president of the Nepal Hatchery Industries Association, the production of chicken has come down from 4.5 million to 3.1 million. He said that the farmers have stopped adding chicks after the roads in different districts were blocked due to floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The direct impact of decline in production is seen in the price of the chicken. According to the Meat Entrepreneurs Association of Nepal, the price of broiler chicken has gone up by Rs 40 to Rs 290 per kg from Rs 330 per kg. In the retail market, the price is up to Rs 350.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Jung Bahadur BC, president of the association, says that if the production is not improved, the price of meat may increase further.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">He informed that the consumption of meat has also increased as the ban has been eased to some extent. “The consumption of meat in the Kathmandu Valley was only 20 percent at the time of the ban, but it has increased to 40 percent now,” he says. Under normal circumstances, about 500,000 kg of meat is consumed daily in Kathmandu Valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The increase in the price of grains and medicines for feeding chicken has also affected the production. The price of soybean that is used for making chicken feed has increased from Rs 75 to Rs 88 per kg, while the price of maize has also increased from Rs 26 to Rs 32 per kg.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13341', 'image' => '20210627030211_20160613051853_20160613104208_Clipboard05.jpg', 'article_date' => '2021-06-27 15:01:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13595', 'article_category_id' => '1', 'title' => 'Upper Tamakoshi Hydropower Project to Come into Operation within July 15 ', 'sub_title' => '', 'summary' => 'June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks. According to the national news agency (RSS), it will start generating 152 megawatts electricity from July 15. </span><br /> <span style="font-family:"Arial Unicode MS"">Necessary preparations have reached the final stage for producing electricity from two units of the project within July 15, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">Project spokesperson Dr Ganesh Neupane said the trial run of the first unit has been conducted in the first phase and works are on for conducting the test run of the second unit. The project would be connected to the national grid after completing the works of the second unit. </span><br /> <span style="font-family:"Arial Unicode MS"">The 456-megawatt project is near completion almost 10 years after its construction was started. The project with largest domestic investment has reached the final phase of completion despite grappling with natural disasters and various other technical issues. </span><br /> <span style="font-family:"Arial Unicode MS"">Neupane said that necessary preparations are being done from June 27 to July 3 for feeding the electricity produced from the project to the national grid. According to him, works of managing the transmission line of the project have been forwarded. </span><br /> <span style="font-family:"Arial Unicode MS"">The 220-KV transmission line carrying power from the powerhouse of the Upper Tamakoshi Project is being connected to the sub-station located at New Khimti. </span><br /> <span style="font-family:"Arial Unicode MS"">Before this, preparations were made to connect the transmission line from this project to the Dhalkebar sub-station. </span><br /> <span style="font-family:"Arial Unicode MS"">The success of this project has raised hopes that other big projects could also be constructed with domestic investment. </span><br /> <span style="font-family:"Arial Unicode MS"">Although the initial cost of the project was estimated to be Rs 35 billion, it has now reached around Rs 80 billion in 10 years due to the increase in foreign exchange rate of the US Dollar and the interest rate, among other factors. </span></span></span></p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13340', 'image' => '20210627123145_20201206012152_1607211371.Clipboard13.jpg', 'article_date' => '2021-06-27 12:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13594', 'article_category_id' => '1', 'title' => 'Insurance Board Conducting Study to Expand Micro Insurance Sector', 'sub_title' => '', 'summary' => 'June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. The board has formed a four-member committee under the coordination of Sushil Dev Subedi, the director of the board. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Members of the committee include Punam Gywali, Deputy Director of the board, Chanki Chhetri, CEO of Sagarmatha Insurance and Poshakraj Poudel, CEO of Citizens Life Insurance Company. The committee has already started its study into the issue and will be submitting a report after the completion of the study in twenty days. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Raju Raman Poudel, Managing Director of the board, said that micro insurance has not been able to expand its business so a study committee has been formed to study this matter. The committee will study into the issues that are preventing the growth of the micro insurance sector and find out the mechanism to be adopted to expand its growth. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">At present, micro insurance services are accessible to 23 percent of the population. The government wants to increase its access to 33 percent of the population. To achieve the target, the board has been working on various issues. In this regard, the board has come up with the committee to figure out strategies to expand the micro insurance sector. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"If the business of micro insurance could be expanded, it helps to increase access to insurance. So study is being conducted with an objective to expand people's reach to insurance," he added. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However there is not any intention to award licenses to micro insurance companies. "The study is not intended to provide license to micro insurance company. If the study implies a need for a separate company, it will be established but the board has not given any consideration to it as yet," said Poudel. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13339', 'image' => '20210627122025_20200417105653_Beema-Samiti.jpg', 'article_date' => '2021-06-27 12:19:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '13593', 'article_category_id' => '1', 'title' => 'Operations of Domestic and International Flights at TIA Normal ', 'sub_title' => '', 'summary' => 'Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu', 'content' => '<p>June 26: Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu. Kathmandu Valley has witnessed incessant rain and foggy sky since early this morning. <br /> According to the TIA source, no international flight has been obstructed due to the adverse weather conditions. However, domestic flights to some destinations have been normally affected due to poor visibility and foggy conditions. Now the weather is gradually improving. <br /> At least 2,500-metre visibility is necessary for landings and take-offs for the international aircrafts. Most of the international flights took place in the morning time. There are no disruptions in international flights as flight services are scheduled in the morning and evening, said the TIA source. <br /> Aircraft have landed in Kathmandu this morning and outgoing flights are scheduled for evening, the sources added. <br /> Towards domestic service, limited charted and rescue flights are taking place. The government has decided to resume domestic flight services in the country from July 1. <br /> Number of international flights to some destinations has been added since June 24. In order to contain the second wave of coronavirus pandemic, the government had enforced prohibitory orders in various parts of the country, including the Kathmandu Valley since April 29. <br /> The domestic flights have been put off since May 3 and international flights since May 6 as part of its measures to stem the virus outbreak. -- RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13338', 'image' => '20210626025244_DOmestic flights.jpg', 'article_date' => '2021-06-26 14:50:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '13592', 'article_category_id' => '1', 'title' => 'Monsoon Rain Lashes Majority Parts of the Country', 'sub_title' => '', 'summary' => 'Majority of the country is experiencing general to mostly cloudy weather today. ', 'content' => '<p>June 26: Several parts of Nepal are receiving lashes of rain as monsoon hits the country . Likewise, moderate to heavy rainfall is likely to continue at many places of the country, according to the Weather Forecasting Division. </p> <p>There are also chances of heavy rain with thunder and lightning in few places of Province 1, Province 2, Bagmati, Gandaki and Lumbini provinces. Province 1, Province 2 and Bagmati province are already experiencing light rainfall since this morning.</p> <p>The weather is likely to remain generally to mostly cloudy in the country later tonight while light to moderate rain is possible at many places of the country. There are chances of heavy rain with thunder and lightning at one or two places of Province 1, Province 2 and Lumbini Province tonight, adds the Division. The temperature of Kathmandu is expected to remain at a maximum of 27.4 and minimum of 20.2 degree Celsius today. --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13337', 'image' => '20210626022910_Monsoon.jpeg', 'article_date' => '2021-06-26 14:24:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13591', 'article_category_id' => '1', 'title' => 'Staffers of BFIs Warn of Strike against Social Security Fund', 'sub_title' => '', 'summary' => 'June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Employees' unions of about two dozen banks, financial institutions, and insurance companies issued a joint statement on Thursday, June 24, urging the SSF to consider their suggestions.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have been protesting against the mandatory provision of joining SSF and have demanded voluntary participation. They have also submitted dozens of suggestions after the Social Security Fund directed all private sectors to get registered in the government scheme by mid-July.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the employees' union, the pressure of the social security fund has created panic amongst the BFI's employees.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">“The pressure from the fund has made a psychological impact and has affected the productivity of the employees. Therefore, we are unable to be join the existing plan of the fund,” mentions the press statement.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">"If we create unnecessary fear, intimidation, and pressure in this area by ignoring the suggestions given at various period to amend the provisions of the Act, Rules, and Procedures, we will be compelled to start a movement against the scheme," the statement said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees’ unions had earlier submitted a 14-point recommendation to the fund. As some provisions of the contribution-based Social Security Act, Rules and Procedures do not favor the employees, amendments are necessary to make them in favour of the workers and guarantee that the services provided to the employees will not be reduced. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to Clause 19 (4) (c) of the work procedure of SSF, if the workers do not want to transfer the amount from the provident fund and gratuity allowance to the SSF before the date of commencement of contribution to SSF, the contributor can receive the amount themselves or deposit the amount to any other retirement fund. However, this provision is not mentioned in the Social Security Act and the employees have demanded the SSF to include it in the act as well, besides suggesting the fund to remove double taxation for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, they suggest that in case of death of the contributor with 180 months of contribution to the fund, the deposited amount should be returned to his / her family or the person he/she has nominated.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have also demanded amendment of the provision that allows them to take out only 80 percent of the amount deposited after three years of joining the social security fund and to make it possible to take loans up to 90 percent at any time.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13336', 'image' => '20210625024103_20210225124654_Social-Security-Fund-SSF.jpg', 'article_date' => '2021-06-25 14:40:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '13588', 'article_category_id' => '1', 'title' => 'Demand for Electricity Rises after Relaxation of Prohibitory Order', 'sub_title' => '', 'summary' => 'June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order. Due to the prohibitory order imposed to contain the second wave of coronavirus, the demand for electricity had gone down. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The government has eased the restrictions since June 22 in the valley. Ever since, the consumption of electricity has gone up. Spokesperson of NEA, Madan Timisina said that the power consumption stood at 1365 MW during the peak hour on June 22. During the period of prohibitory order, electricity consumption had declined to 1170 MW at the peak hour. Timsina said that demand for electricity has improved following the relaxation of prohibitory order. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">After the government eased people's movement, corporate offices, banks and financial institutions, industries, departmental stores have come into operation leading to a rise in electricity consumption. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The NEA is currently generating 400MW electricity through different projects. The private sector is generating 440 MW electricity and an additional 520 MW is being imported from India. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"Due to landslides and floods, some of the NEA projects are not in operation so import of electricity has been increased,” Timsina informed. Before the government imposed restrictions, the normal peak hour demand was 1300 MW which was reduced to 1170 MW. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Meanwhile, the prohibitory order imposed this time did not affect the electricity consumption as much as in the first phase of lockdown. The power consumption had reduced to 600 MW during the lockdown imposed in 2020. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13335', 'image' => '20210625105528_20210111032406_1610322387.1.jpg', 'article_date' => '2021-06-25 10:55:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '13587', 'article_category_id' => '1', 'title' => ' Government Backs 'Make in Nepal' Campaign ', 'sub_title' => '', 'summary' => 'June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. ', 'content' => '<p><em>Signing ceremony between CNI and Government of Nepal at Singha Durbar on June 24. Photo Courtesy: CNI</em></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a statement on Thursday (June 24), CNI said that the campaign initiated with the objective of promoting goods and services produced in Nepal has received strong backing from the government</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">The statement further said that an agreement to this end was signed between the government and the CNI at the Office of the Prime Minister and Council of Ministers on Thursday (June 24). </span><br /> <span style="font-family:Arial">During the signing ceremony, Chief Secretary Shanker Das Bairagi expressed the confidence that the campaign would prove a milestone in developing Nepal into a self-reliant and export-oriented economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">"Accordingly, the government is simplifying policy and procedures, and also developing environment conducive for investment," the statement quoted Chief Secretary Bairagi as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Meanwhile, CNI President Satish Kumar More said that the production and promotion of Nepal-made goods is the need of the moment, and urged for support and cooperation from all sectors s. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13334', 'image' => '20210625104610_MoU_CNI_&_Nepal_Govt-2.jpeg', 'article_date' => '2021-06-25 10:44:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '13586', 'article_category_id' => '1', 'title' => 'Nepal Exports Goods worth Rs 121 Billion in Current FY ', 'sub_title' => '', 'summary' => 'June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According the Department of Customs, Nepal had exported goods worth Rs 88 billion during the same period in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, Nepal imported goods worth Rs 1383.36 billion during the review period. According to the Department, the import of goods rose by 25.67 per cent compared to last fiscal year. Nepal had imported goods and services equal to Rs 1100.81 billion in the same period last year. </span><br /> <span style="font-family:"Arial Unicode MS"">From mid-May to mid-June, Nepal imported goods and services of Rs 129.25 billion while the export remained just Rs 12.77 billion. </span><br /> <span style="font-family:"Arial Unicode MS"">As per the statistics, the country’s trade deficit in the current fiscal year has widened by 24.61 per cent. </span><br /> <span style="font-family:"Arial Unicode MS"">In the country’s foreign trade, the share of import is 91.94 per cent while it is just 8.06 per cent of export. </span><br /> <span style="font-family:"Arial Unicode MS"">The top importing goods of Nepal include diesel, iron products (steel), legume oil, mobile phone, cooking gas and petrol. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, legume oil, cardamom, carpet, tea and jute carpet remained the top export goods of Nepal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13333', 'image' => '20210625103247_20190227014053_aadfsaff.jpg', 'article_date' => '2021-06-25 10:32:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '13589', 'article_category_id' => '1', 'title' => 'Chinese Team Arrives to Design Tunnel of KTM-Terai Fast Track ', 'sub_title' => '', 'summary' => 'June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. The Chinese team of Poly Chhangda Engineering Corporation will design the tunnel between Dhadrekhola to Lanedada and a special bridge in this section. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the contract agreement signed on May 14, a group of 14 people from the company arrived in Nepal on Wednesday, June 23, on a chartered flight. The agreement was signed to build the Fast Track under Engineering, Procurement and Construction (EPC) model. Spokesperson of the Nepalese Army Santosh Ballabh Poudel informed that the officials of the company who got the contract for the second package have arrived.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"The team consists of the necessary experts, including project managers, tunnels, bridges and road engineers," Poudel said, adding, “The team will design the structure and start field work after completing quarantine."</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The human resources of the company present in the country have already started the work of geophysical and geotechnical survey and the team that arrived on Wednesday will look into the design of the tunnel. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"It is an achievement that the team has arrived in the country even in such difficult times. This will help to complete the project on time," Brigadier General Poudel added. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The design of the project to be constructed through this medium should also be done by the same company.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the agreement, the design has to be completed within six months. He said that the army would facilitate the team to start the design work as soon as possible. Similarly, a team of China State Construction Engineering Corporation Limited, which was awarded the contract to build the first package of the Chhokredanda-Dhedrekhola tunnel, will also arrive in Kathmandu in two or three days, he said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The Nepalese Army has signed agreements with two Chinese companies to build special bridges with tunnels within three and a half years at an estimated cost of Rs 50.14 billion. The army had signed the contract despite a directive from the Public Accounts Committee of the parliament to cancel the process citing irregularities in the process.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The cost of the first package of the bridge construction including the tunnel is estimated to be Rs 21.61 billion while that of the second package is Rs 28.53 billion. The company will complete the design in six months and the tunnel / bridge construction within the next three years. The 72.5 km long fast-track will have tunnels at three different locations and 16 complex bridges.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13332', 'image' => '20210625110719_20210516122418_20170616052456_fast track nov 21.jpg', 'article_date' => '2021-06-25 11:06:29', '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' => '13601', 'article_category_id' => '1', 'title' => 'Prohibitory Order Further Extended with Relaxation', 'sub_title' => '', 'summary' => 'Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">June 28: Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29. However, the authorities have eased the restrictions to some extent, bringing respite to the people.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">A meeting of the chief district officers of Kathmandu, Lalitpur, and Bhaktapur, on Monday (June 28) decided to allow grocery stores to operate till 6 pm every day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Similarly, departmental stores, shopping malls, cosmetic and gift shops, tailoring and clothing stores, jewelry shops, automobile showrooms, hardware and furniture shops among others will be allowed to operate from 11 am to 6 pm each day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">As per the decision, public vehicles with seating capacity of more than 25 passengers will now be allowed to operate in the valley from June 29. However, the vehicles will have to strictly follow the health protocol set by the government and operate under the odd-even rule. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a press statement, the District Administration Office, Kathmandu stated that public transport entrepreneurs are required to ensure the enforcement of public health protocols and physical distancing rule while operating their vehicles. This rule also applies to private vehicles, that have been operating since last week.</span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Vehicles will be allowed to operate between 6 am to 7 pm, inside the valley, according to the state-owned national news agency RSS.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Meanwhile, wedding ceremonies and family gatherings are allowed within the premises of the private house with no more than 15 attendants.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">The meeting of the CDOs of the three districts of Kathmandu Valley had announced to ease the lockdown from June 29, taking into consideration the decline in Covid-19 cases in the valley .</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '13346', 'image' => '20210628052619_20200601121121_lockdown.jpg', 'article_date' => '2021-06-28 17:25:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13600', 'article_category_id' => '1', 'title' => '200 kg of Gold Imported after Relaxation of Prohibitory Order ', 'sub_title' => '', 'summary' => 'June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. Prior to this, the import of gold was completely halted. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Jewelry shops have been allowed to operate after the lockdown was eased on June 22. After that, Nepal Bankers Association imported gold upon the recommendation of the Federation of Nepal Gold and Silver Dealers Association,</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Mani Ratna Shakya, former president of the federation, informed that the 200 kg of gold was imported by the bankers’ association. “The association has already imported the gold and distributed it to the businessmen,” he said, adding, “100 kg of gold have been imported in Kathmandu valley this time while the other 100 kg have been imported to places outside the valley.” </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">District administration offices had imposed the ban in most of the districts across the country to contain the second wave of covid-19. The import of gold was halted from April 25. Shakya says that they have started importing gold after the ban was eased. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The federation had urged the banks not to import gold due to the high chances of lockdown. The banks have been given the authority to import gold in Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the statistics of the Department of Customs, the import of gold from mid-May to mid-June was zero. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Altogether 3,018 kg of gold worth Rs 21.68 billion has been imported till May 14 this year. The data show that gold worth Rs 2.12 billion was imported from Turkey while the remaining gold worth Rs 18.94 billion was imported from the UAE. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold had also declined due to the lockdown imposed to control the first wave of covid-19. However, imports increased after the lockdown was lifted. Nevertheless, the import was affected again during the second phase of lockdown. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold was below average in April. Prior to April, gold worth Rs 2.14 billion was imported monthly on average. However, gold of only Rs 1.75 billion was imported in April. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13345', 'image' => '20210628023749_20201215120431_gold.jpg', 'article_date' => '2021-06-28 14:37:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13599', 'article_category_id' => '1', 'title' => 'Reconstruction Authority Engineers Agree to Return to Work', 'sub_title' => '', 'summary' => 'June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work. The engineers reached an understanding with the NRA after rounds of talks and discussions with NRA representatives on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The engineers agreed to return to work after being assured to be provided with the communication, transportation, and local allowances. Likewise, NRA has assured them of providing necessary training to the technicians.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">After the discussion, Shyam Kishore Singh, Project Director of the Central Project Implementation Unit, and Avinash Amar signed the MoU on behalf of the two parties.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Amar expressed happiness over the fulfillment of all of their demands and pledged to work on all the technical works and show progress by mid-July, reads a statement of NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The agreement reached between the authority and the engineers is as follows:</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">1. The Central Project Implementation Unit will take initiative to provide insurance amount to the family of Raja Shah, who has been working under the District Planning Implementation Unit working under Okhaldhunga, if he dies during his tenure.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">2. Prepare a roster of the employees (including technicians, social workers) who have worked under the authority at different times and also put it in the online portal. Also, this roster will be sent by NRA to various concerned bodies for future reference.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">3. To provide communication expenses, transportation expenses, and local allowances to the technicians as per the rules from the month of Shrawan of the current Fiscal Year 2077/78.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">4. NRA will provide refresher training to the technicians working under NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">5. NRA will take initiative to give recognition to the technicians and include in the 10-year goal of Nepal Grand Campaign.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">6. All the movements of the technicians under NRA will be ended from June 26 and will return to regular work.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13344', 'image' => '20210628124301_tesXamd4TN210415090728.JPG', 'article_date' => '2021-06-28 12:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13598', 'article_category_id' => '1', 'title' => 'World Bank to Provide Concessional Loan of $150 Million to Support Nepal’s Resilient Recovery', 'sub_title' => '', 'summary' => 'June 28: The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.', 'content' => '<p><em>Photo Courtesy: World Bank Nepal</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">June 28: </span></span><span style="font-size:13.5pt"><span style="font-family:Helvetica"> The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the loan will be utilized to protect the most vulnerable, and support sustainable growth.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">Finance Secretary Sishir Kumar Dhungana and the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, signed the agreement to this effect, reads a statement issued by the World Bank.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">the statement quoted Finance Secretary Sishir Kumar Dhungana as saying. “The proposed budgetary support will be utilized in the physical infrastructural projects and economic recovery sectors as per the requirement and priorities of the Government of Nepal.”</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the first Fiscal Policy for Growth, Recovery and Resilience Development Policy Credit further supports reforms aimed at protecting the most vulnerable and supporting business growth. Reforms in this area focus on social protection, the intergovernmental framework, and supporting access to capital for firms. It will help speed up the ongoing large development projects to create jobs, accelerate markets, and support green recovery. The financing will be provided to the Government of Nepal through budgetary support, the statement added.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“This project will help the country achieve sustained growth during and after the COVID-19 pandemic that is inclusive, job-creating and environmentally sustainable,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">stated Faris Hadad-Zervos, World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka. “The World Bank is committed to support the government’s pandemic response to protect lives and stimulate economic recovery in Nepal.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13343', 'image' => '20210628075141_203762300_10157693663166467_996050178721294899_n.jpg', 'article_date' => '2021-06-28 07:50:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13596', 'article_category_id' => '1', 'title' => 'Fuel and Vehicles worth Rs 150 Billion Imported through Birgunj Customs ', 'sub_title' => '', 'summary' => 'June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. According to the import data for the 11 months of the current Fiscal Year (FY 2077/78) at Birgunj, the main customs point of the country, fuel and vehicle imports have increased more during the reveiw period. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the Birgunj Customs Office, fuel and vehicles worth Rs 141.14 billion have been imported between July to May this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The country has incurred R. 11 billion more on fuel and vehicle imports this year compared to the review period of the last fiscal year 2076/77. Chief Customs Officer at the Birgunj Customs Office Harihar Poudel said that petroleum products worth Rs 113.75 billion and vehicles worth Rs 27.38 billion have been imported by the end of June this year. According to the customs office, 18 types of vehicles including jeeps, motorcycles, trucks, and buses have been imported through the checkpoint.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Petroleum products worth Rs 107.18 billion and vehicles worth Rs 23.42 billion were imported till May in the previous fiscal year. Fuel and vehicle imports accounted for about 31 percent of the total imports from Birgunj customs as of May this year. During this period, goods worth Rs 458 billion were imported through Birgunj Customs.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government imposed a lockdown for about six months from March last year to stop the spread of Covid-19. Similarly, the government has issued prohibitory order since April 29 this year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Fuel and vehicle imports were expected to decline this year due to the ban. However, the import of vehicles has increased in the last month, said Poudel. Most of the diesel and aviation fuel enter through Birgunj. Poudel informed that most of the diesel comes from the Motihari-Amalekhgunj Petroleum Pipeline.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the customs office, 828,000 kiloliters of diesel worth Rs 50.40 billion has arrived through Birgunj in the first 11 months of the current fiscal year. During this period, 284,000 kiloliters of petrol and 122,000 kiloliters of aviation fuel have entered the country. According to the customs office, 15 types of petroleum products have entered Nepal through the Birgunj checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13342', 'image' => '20210627024332_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-27 14:42:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '13597', 'article_category_id' => '1', 'title' => 'Chicken Price Jumps as Production Declines', 'sub_title' => '', 'summary' => 'June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle. The recent floods and landslides in various districts have also affected the production.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Many farmers have stopped producing chicken due to the fear of not being able to sell the produced chicken while the Newcastle disease in different districts also created panic among them. Chicken traders say that the production has reduced due to the floods and landslides caused by continuous rain.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the stakeholders, about 30 percent of poultry farmers have sopped raising chickens due to the lockdown, Newcastle disease as well as floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Tikaram Pokhrel, former president of the Nepal Hatchery Industries Association, the production of chicken has come down from 4.5 million to 3.1 million. He said that the farmers have stopped adding chicks after the roads in different districts were blocked due to floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The direct impact of decline in production is seen in the price of the chicken. According to the Meat Entrepreneurs Association of Nepal, the price of broiler chicken has gone up by Rs 40 to Rs 290 per kg from Rs 330 per kg. In the retail market, the price is up to Rs 350.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Jung Bahadur BC, president of the association, says that if the production is not improved, the price of meat may increase further.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">He informed that the consumption of meat has also increased as the ban has been eased to some extent. “The consumption of meat in the Kathmandu Valley was only 20 percent at the time of the ban, but it has increased to 40 percent now,” he says. Under normal circumstances, about 500,000 kg of meat is consumed daily in Kathmandu Valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The increase in the price of grains and medicines for feeding chicken has also affected the production. The price of soybean that is used for making chicken feed has increased from Rs 75 to Rs 88 per kg, while the price of maize has also increased from Rs 26 to Rs 32 per kg.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13341', 'image' => '20210627030211_20160613051853_20160613104208_Clipboard05.jpg', 'article_date' => '2021-06-27 15:01:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13595', 'article_category_id' => '1', 'title' => 'Upper Tamakoshi Hydropower Project to Come into Operation within July 15 ', 'sub_title' => '', 'summary' => 'June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks. According to the national news agency (RSS), it will start generating 152 megawatts electricity from July 15. </span><br /> <span style="font-family:"Arial Unicode MS"">Necessary preparations have reached the final stage for producing electricity from two units of the project within July 15, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">Project spokesperson Dr Ganesh Neupane said the trial run of the first unit has been conducted in the first phase and works are on for conducting the test run of the second unit. The project would be connected to the national grid after completing the works of the second unit. </span><br /> <span style="font-family:"Arial Unicode MS"">The 456-megawatt project is near completion almost 10 years after its construction was started. The project with largest domestic investment has reached the final phase of completion despite grappling with natural disasters and various other technical issues. </span><br /> <span style="font-family:"Arial Unicode MS"">Neupane said that necessary preparations are being done from June 27 to July 3 for feeding the electricity produced from the project to the national grid. According to him, works of managing the transmission line of the project have been forwarded. </span><br /> <span style="font-family:"Arial Unicode MS"">The 220-KV transmission line carrying power from the powerhouse of the Upper Tamakoshi Project is being connected to the sub-station located at New Khimti. </span><br /> <span style="font-family:"Arial Unicode MS"">Before this, preparations were made to connect the transmission line from this project to the Dhalkebar sub-station. </span><br /> <span style="font-family:"Arial Unicode MS"">The success of this project has raised hopes that other big projects could also be constructed with domestic investment. </span><br /> <span style="font-family:"Arial Unicode MS"">Although the initial cost of the project was estimated to be Rs 35 billion, it has now reached around Rs 80 billion in 10 years due to the increase in foreign exchange rate of the US Dollar and the interest rate, among other factors. </span></span></span></p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13340', 'image' => '20210627123145_20201206012152_1607211371.Clipboard13.jpg', 'article_date' => '2021-06-27 12:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13594', 'article_category_id' => '1', 'title' => 'Insurance Board Conducting Study to Expand Micro Insurance Sector', 'sub_title' => '', 'summary' => 'June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. The board has formed a four-member committee under the coordination of Sushil Dev Subedi, the director of the board. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Members of the committee include Punam Gywali, Deputy Director of the board, Chanki Chhetri, CEO of Sagarmatha Insurance and Poshakraj Poudel, CEO of Citizens Life Insurance Company. The committee has already started its study into the issue and will be submitting a report after the completion of the study in twenty days. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Raju Raman Poudel, Managing Director of the board, said that micro insurance has not been able to expand its business so a study committee has been formed to study this matter. The committee will study into the issues that are preventing the growth of the micro insurance sector and find out the mechanism to be adopted to expand its growth. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">At present, micro insurance services are accessible to 23 percent of the population. The government wants to increase its access to 33 percent of the population. To achieve the target, the board has been working on various issues. In this regard, the board has come up with the committee to figure out strategies to expand the micro insurance sector. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"If the business of micro insurance could be expanded, it helps to increase access to insurance. So study is being conducted with an objective to expand people's reach to insurance," he added. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However there is not any intention to award licenses to micro insurance companies. "The study is not intended to provide license to micro insurance company. If the study implies a need for a separate company, it will be established but the board has not given any consideration to it as yet," said Poudel. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13339', 'image' => '20210627122025_20200417105653_Beema-Samiti.jpg', 'article_date' => '2021-06-27 12:19:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '13593', 'article_category_id' => '1', 'title' => 'Operations of Domestic and International Flights at TIA Normal ', 'sub_title' => '', 'summary' => 'Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu', 'content' => '<p>June 26: Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu. Kathmandu Valley has witnessed incessant rain and foggy sky since early this morning. <br /> According to the TIA source, no international flight has been obstructed due to the adverse weather conditions. However, domestic flights to some destinations have been normally affected due to poor visibility and foggy conditions. Now the weather is gradually improving. <br /> At least 2,500-metre visibility is necessary for landings and take-offs for the international aircrafts. Most of the international flights took place in the morning time. There are no disruptions in international flights as flight services are scheduled in the morning and evening, said the TIA source. <br /> Aircraft have landed in Kathmandu this morning and outgoing flights are scheduled for evening, the sources added. <br /> Towards domestic service, limited charted and rescue flights are taking place. The government has decided to resume domestic flight services in the country from July 1. <br /> Number of international flights to some destinations has been added since June 24. In order to contain the second wave of coronavirus pandemic, the government had enforced prohibitory orders in various parts of the country, including the Kathmandu Valley since April 29. <br /> The domestic flights have been put off since May 3 and international flights since May 6 as part of its measures to stem the virus outbreak. -- RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13338', 'image' => '20210626025244_DOmestic flights.jpg', 'article_date' => '2021-06-26 14:50:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '13592', 'article_category_id' => '1', 'title' => 'Monsoon Rain Lashes Majority Parts of the Country', 'sub_title' => '', 'summary' => 'Majority of the country is experiencing general to mostly cloudy weather today. ', 'content' => '<p>June 26: Several parts of Nepal are receiving lashes of rain as monsoon hits the country . Likewise, moderate to heavy rainfall is likely to continue at many places of the country, according to the Weather Forecasting Division. </p> <p>There are also chances of heavy rain with thunder and lightning in few places of Province 1, Province 2, Bagmati, Gandaki and Lumbini provinces. Province 1, Province 2 and Bagmati province are already experiencing light rainfall since this morning.</p> <p>The weather is likely to remain generally to mostly cloudy in the country later tonight while light to moderate rain is possible at many places of the country. There are chances of heavy rain with thunder and lightning at one or two places of Province 1, Province 2 and Lumbini Province tonight, adds the Division. The temperature of Kathmandu is expected to remain at a maximum of 27.4 and minimum of 20.2 degree Celsius today. --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13337', 'image' => '20210626022910_Monsoon.jpeg', 'article_date' => '2021-06-26 14:24:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13591', 'article_category_id' => '1', 'title' => 'Staffers of BFIs Warn of Strike against Social Security Fund', 'sub_title' => '', 'summary' => 'June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Employees' unions of about two dozen banks, financial institutions, and insurance companies issued a joint statement on Thursday, June 24, urging the SSF to consider their suggestions.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have been protesting against the mandatory provision of joining SSF and have demanded voluntary participation. They have also submitted dozens of suggestions after the Social Security Fund directed all private sectors to get registered in the government scheme by mid-July.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the employees' union, the pressure of the social security fund has created panic amongst the BFI's employees.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">“The pressure from the fund has made a psychological impact and has affected the productivity of the employees. Therefore, we are unable to be join the existing plan of the fund,” mentions the press statement.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">"If we create unnecessary fear, intimidation, and pressure in this area by ignoring the suggestions given at various period to amend the provisions of the Act, Rules, and Procedures, we will be compelled to start a movement against the scheme," the statement said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees’ unions had earlier submitted a 14-point recommendation to the fund. As some provisions of the contribution-based Social Security Act, Rules and Procedures do not favor the employees, amendments are necessary to make them in favour of the workers and guarantee that the services provided to the employees will not be reduced. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to Clause 19 (4) (c) of the work procedure of SSF, if the workers do not want to transfer the amount from the provident fund and gratuity allowance to the SSF before the date of commencement of contribution to SSF, the contributor can receive the amount themselves or deposit the amount to any other retirement fund. However, this provision is not mentioned in the Social Security Act and the employees have demanded the SSF to include it in the act as well, besides suggesting the fund to remove double taxation for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, they suggest that in case of death of the contributor with 180 months of contribution to the fund, the deposited amount should be returned to his / her family or the person he/she has nominated.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have also demanded amendment of the provision that allows them to take out only 80 percent of the amount deposited after three years of joining the social security fund and to make it possible to take loans up to 90 percent at any time.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13336', 'image' => '20210625024103_20210225124654_Social-Security-Fund-SSF.jpg', 'article_date' => '2021-06-25 14:40:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '13588', 'article_category_id' => '1', 'title' => 'Demand for Electricity Rises after Relaxation of Prohibitory Order', 'sub_title' => '', 'summary' => 'June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order. Due to the prohibitory order imposed to contain the second wave of coronavirus, the demand for electricity had gone down. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The government has eased the restrictions since June 22 in the valley. Ever since, the consumption of electricity has gone up. Spokesperson of NEA, Madan Timisina said that the power consumption stood at 1365 MW during the peak hour on June 22. During the period of prohibitory order, electricity consumption had declined to 1170 MW at the peak hour. Timsina said that demand for electricity has improved following the relaxation of prohibitory order. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">After the government eased people's movement, corporate offices, banks and financial institutions, industries, departmental stores have come into operation leading to a rise in electricity consumption. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The NEA is currently generating 400MW electricity through different projects. The private sector is generating 440 MW electricity and an additional 520 MW is being imported from India. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"Due to landslides and floods, some of the NEA projects are not in operation so import of electricity has been increased,” Timsina informed. Before the government imposed restrictions, the normal peak hour demand was 1300 MW which was reduced to 1170 MW. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Meanwhile, the prohibitory order imposed this time did not affect the electricity consumption as much as in the first phase of lockdown. The power consumption had reduced to 600 MW during the lockdown imposed in 2020. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13335', 'image' => '20210625105528_20210111032406_1610322387.1.jpg', 'article_date' => '2021-06-25 10:55:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '13587', 'article_category_id' => '1', 'title' => ' Government Backs 'Make in Nepal' Campaign ', 'sub_title' => '', 'summary' => 'June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. ', 'content' => '<p><em>Signing ceremony between CNI and Government of Nepal at Singha Durbar on June 24. Photo Courtesy: CNI</em></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a statement on Thursday (June 24), CNI said that the campaign initiated with the objective of promoting goods and services produced in Nepal has received strong backing from the government</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">The statement further said that an agreement to this end was signed between the government and the CNI at the Office of the Prime Minister and Council of Ministers on Thursday (June 24). </span><br /> <span style="font-family:Arial">During the signing ceremony, Chief Secretary Shanker Das Bairagi expressed the confidence that the campaign would prove a milestone in developing Nepal into a self-reliant and export-oriented economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">"Accordingly, the government is simplifying policy and procedures, and also developing environment conducive for investment," the statement quoted Chief Secretary Bairagi as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Meanwhile, CNI President Satish Kumar More said that the production and promotion of Nepal-made goods is the need of the moment, and urged for support and cooperation from all sectors s. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13334', 'image' => '20210625104610_MoU_CNI_&_Nepal_Govt-2.jpeg', 'article_date' => '2021-06-25 10:44:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '13586', 'article_category_id' => '1', 'title' => 'Nepal Exports Goods worth Rs 121 Billion in Current FY ', 'sub_title' => '', 'summary' => 'June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According the Department of Customs, Nepal had exported goods worth Rs 88 billion during the same period in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, Nepal imported goods worth Rs 1383.36 billion during the review period. According to the Department, the import of goods rose by 25.67 per cent compared to last fiscal year. Nepal had imported goods and services equal to Rs 1100.81 billion in the same period last year. </span><br /> <span style="font-family:"Arial Unicode MS"">From mid-May to mid-June, Nepal imported goods and services of Rs 129.25 billion while the export remained just Rs 12.77 billion. </span><br /> <span style="font-family:"Arial Unicode MS"">As per the statistics, the country’s trade deficit in the current fiscal year has widened by 24.61 per cent. </span><br /> <span style="font-family:"Arial Unicode MS"">In the country’s foreign trade, the share of import is 91.94 per cent while it is just 8.06 per cent of export. </span><br /> <span style="font-family:"Arial Unicode MS"">The top importing goods of Nepal include diesel, iron products (steel), legume oil, mobile phone, cooking gas and petrol. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, legume oil, cardamom, carpet, tea and jute carpet remained the top export goods of Nepal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13333', 'image' => '20210625103247_20190227014053_aadfsaff.jpg', 'article_date' => '2021-06-25 10:32:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '13589', 'article_category_id' => '1', 'title' => 'Chinese Team Arrives to Design Tunnel of KTM-Terai Fast Track ', 'sub_title' => '', 'summary' => 'June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. The Chinese team of Poly Chhangda Engineering Corporation will design the tunnel between Dhadrekhola to Lanedada and a special bridge in this section. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the contract agreement signed on May 14, a group of 14 people from the company arrived in Nepal on Wednesday, June 23, on a chartered flight. The agreement was signed to build the Fast Track under Engineering, Procurement and Construction (EPC) model. Spokesperson of the Nepalese Army Santosh Ballabh Poudel informed that the officials of the company who got the contract for the second package have arrived.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"The team consists of the necessary experts, including project managers, tunnels, bridges and road engineers," Poudel said, adding, “The team will design the structure and start field work after completing quarantine."</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The human resources of the company present in the country have already started the work of geophysical and geotechnical survey and the team that arrived on Wednesday will look into the design of the tunnel. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"It is an achievement that the team has arrived in the country even in such difficult times. This will help to complete the project on time," Brigadier General Poudel added. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The design of the project to be constructed through this medium should also be done by the same company.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the agreement, the design has to be completed within six months. He said that the army would facilitate the team to start the design work as soon as possible. Similarly, a team of China State Construction Engineering Corporation Limited, which was awarded the contract to build the first package of the Chhokredanda-Dhedrekhola tunnel, will also arrive in Kathmandu in two or three days, he said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The Nepalese Army has signed agreements with two Chinese companies to build special bridges with tunnels within three and a half years at an estimated cost of Rs 50.14 billion. The army had signed the contract despite a directive from the Public Accounts Committee of the parliament to cancel the process citing irregularities in the process.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The cost of the first package of the bridge construction including the tunnel is estimated to be Rs 21.61 billion while that of the second package is Rs 28.53 billion. The company will complete the design in six months and the tunnel / bridge construction within the next three years. The 72.5 km long fast-track will have tunnels at three different locations and 16 complex bridges.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13332', 'image' => '20210625110719_20210516122418_20170616052456_fast track nov 21.jpg', 'article_date' => '2021-06-25 11:06:29', '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' => '13601', 'article_category_id' => '1', 'title' => 'Prohibitory Order Further Extended with Relaxation', 'sub_title' => '', 'summary' => 'Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">June 28: Government authorities have once again extended the Covid-19 prohibitory order in Kathmandu valley by a week, effective from June 29. However, the authorities have eased the restrictions to some extent, bringing respite to the people.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">A meeting of the chief district officers of Kathmandu, Lalitpur, and Bhaktapur, on Monday (June 28) decided to allow grocery stores to operate till 6 pm every day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Similarly, departmental stores, shopping malls, cosmetic and gift shops, tailoring and clothing stores, jewelry shops, automobile showrooms, hardware and furniture shops among others will be allowed to operate from 11 am to 6 pm each day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">As per the decision, public vehicles with seating capacity of more than 25 passengers will now be allowed to operate in the valley from June 29. However, the vehicles will have to strictly follow the health protocol set by the government and operate under the odd-even rule. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a press statement, the District Administration Office, Kathmandu stated that public transport entrepreneurs are required to ensure the enforcement of public health protocols and physical distancing rule while operating their vehicles. This rule also applies to private vehicles, that have been operating since last week.</span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Vehicles will be allowed to operate between 6 am to 7 pm, inside the valley, according to the state-owned national news agency RSS.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">Meanwhile, wedding ceremonies and family gatherings are allowed within the premises of the private house with no more than 15 attendants.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:Arial">The meeting of the CDOs of the three districts of Kathmandu Valley had announced to ease the lockdown from June 29, taking into consideration the decline in Covid-19 cases in the valley .</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '13346', 'image' => '20210628052619_20200601121121_lockdown.jpg', 'article_date' => '2021-06-28 17:25:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13600', 'article_category_id' => '1', 'title' => '200 kg of Gold Imported after Relaxation of Prohibitory Order ', 'sub_title' => '', 'summary' => 'June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 28: Commercial banks have imported 200 kg of gold after the lockdown was eased. Prior to this, the import of gold was completely halted. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Jewelry shops have been allowed to operate after the lockdown was eased on June 22. After that, Nepal Bankers Association imported gold upon the recommendation of the Federation of Nepal Gold and Silver Dealers Association,</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Mani Ratna Shakya, former president of the federation, informed that the 200 kg of gold was imported by the bankers’ association. “The association has already imported the gold and distributed it to the businessmen,” he said, adding, “100 kg of gold have been imported in Kathmandu valley this time while the other 100 kg have been imported to places outside the valley.” </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">District administration offices had imposed the ban in most of the districts across the country to contain the second wave of covid-19. The import of gold was halted from April 25. Shakya says that they have started importing gold after the ban was eased. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The federation had urged the banks not to import gold due to the high chances of lockdown. The banks have been given the authority to import gold in Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">According to the statistics of the Department of Customs, the import of gold from mid-May to mid-June was zero. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Altogether 3,018 kg of gold worth Rs 21.68 billion has been imported till May 14 this year. The data show that gold worth Rs 2.12 billion was imported from Turkey while the remaining gold worth Rs 18.94 billion was imported from the UAE. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold had also declined due to the lockdown imposed to control the first wave of covid-19. However, imports increased after the lockdown was lifted. Nevertheless, the import was affected again during the second phase of lockdown. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The import of gold was below average in April. Prior to April, gold worth Rs 2.14 billion was imported monthly on average. However, gold of only Rs 1.75 billion was imported in April. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13345', 'image' => '20210628023749_20201215120431_gold.jpg', 'article_date' => '2021-06-28 14:37:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13599', 'article_category_id' => '1', 'title' => 'Reconstruction Authority Engineers Agree to Return to Work', 'sub_title' => '', 'summary' => 'June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 28: Engineers of the National Reconstruction Authority (NRA) under the Central Project Implementation Unit have agreed to return to work. The engineers reached an understanding with the NRA after rounds of talks and discussions with NRA representatives on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The engineers agreed to return to work after being assured to be provided with the communication, transportation, and local allowances. Likewise, NRA has assured them of providing necessary training to the technicians.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">After the discussion, Shyam Kishore Singh, Project Director of the Central Project Implementation Unit, and Avinash Amar signed the MoU on behalf of the two parties.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Amar expressed happiness over the fulfillment of all of their demands and pledged to work on all the technical works and show progress by mid-July, reads a statement of NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The agreement reached between the authority and the engineers is as follows:</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">1. The Central Project Implementation Unit will take initiative to provide insurance amount to the family of Raja Shah, who has been working under the District Planning Implementation Unit working under Okhaldhunga, if he dies during his tenure.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">2. Prepare a roster of the employees (including technicians, social workers) who have worked under the authority at different times and also put it in the online portal. Also, this roster will be sent by NRA to various concerned bodies for future reference.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">3. To provide communication expenses, transportation expenses, and local allowances to the technicians as per the rules from the month of Shrawan of the current Fiscal Year 2077/78.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">4. NRA will provide refresher training to the technicians working under NRA.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">5. NRA will take initiative to give recognition to the technicians and include in the 10-year goal of Nepal Grand Campaign.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">6. All the movements of the technicians under NRA will be ended from June 26 and will return to regular work.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13344', 'image' => '20210628124301_tesXamd4TN210415090728.JPG', 'article_date' => '2021-06-28 12:42:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13598', 'article_category_id' => '1', 'title' => 'World Bank to Provide Concessional Loan of $150 Million to Support Nepal’s Resilient Recovery', 'sub_title' => '', 'summary' => 'June 28: The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.', 'content' => '<p><em>Photo Courtesy: World Bank Nepal</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">June 28: </span></span><span style="font-size:13.5pt"><span style="font-family:Helvetica"> The Government of Nepal and the World Bank on Sunday (June 27) signed a $150 million (Rs 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the loan will be utilized to protect the most vulnerable, and support sustainable growth.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">Finance Secretary Sishir Kumar Dhungana and the World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos, signed the agreement to this effect, reads a statement issued by the World Bank.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">the statement quoted Finance Secretary Sishir Kumar Dhungana as saying. “The proposed budgetary support will be utilized in the physical infrastructural projects and economic recovery sectors as per the requirement and priorities of the Government of Nepal.”</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">According to the World Bank, the first Fiscal Policy for Growth, Recovery and Resilience Development Policy Credit further supports reforms aimed at protecting the most vulnerable and supporting business growth. Reforms in this area focus on social protection, the intergovernmental framework, and supporting access to capital for firms. It will help speed up the ongoing large development projects to create jobs, accelerate markets, and support green recovery. The financing will be provided to the Government of Nepal through budgetary support, the statement added.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:13.5pt"><span style="font-family:Helvetica">“This project will help the country achieve sustained growth during and after the COVID-19 pandemic that is inclusive, job-creating and environmentally sustainable,”</span></span> <span style="font-size:13.5pt"><span style="font-family:Helvetica">stated Faris Hadad-Zervos, World Bank’s Country Director for the Maldives, Nepal, and Sri Lanka. “The World Bank is committed to support the government’s pandemic response to protect lives and stimulate economic recovery in Nepal.”</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-28', 'modified' => '2021-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '13343', 'image' => '20210628075141_203762300_10157693663166467_996050178721294899_n.jpg', 'article_date' => '2021-06-28 07:50:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13596', 'article_category_id' => '1', 'title' => 'Fuel and Vehicles worth Rs 150 Billion Imported through Birgunj Customs ', 'sub_title' => '', 'summary' => 'June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The imports of Nepal have increased immensely despite the coronavirus pandemic disrupting the overall production and supply chain. According to the import data for the 11 months of the current Fiscal Year (FY 2077/78) at Birgunj, the main customs point of the country, fuel and vehicle imports have increased more during the reveiw period. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the Birgunj Customs Office, fuel and vehicles worth Rs 141.14 billion have been imported between July to May this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The country has incurred R. 11 billion more on fuel and vehicle imports this year compared to the review period of the last fiscal year 2076/77. Chief Customs Officer at the Birgunj Customs Office Harihar Poudel said that petroleum products worth Rs 113.75 billion and vehicles worth Rs 27.38 billion have been imported by the end of June this year. According to the customs office, 18 types of vehicles including jeeps, motorcycles, trucks, and buses have been imported through the checkpoint.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Petroleum products worth Rs 107.18 billion and vehicles worth Rs 23.42 billion were imported till May in the previous fiscal year. Fuel and vehicle imports accounted for about 31 percent of the total imports from Birgunj customs as of May this year. During this period, goods worth Rs 458 billion were imported through Birgunj Customs.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government imposed a lockdown for about six months from March last year to stop the spread of Covid-19. Similarly, the government has issued prohibitory order since April 29 this year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Fuel and vehicle imports were expected to decline this year due to the ban. However, the import of vehicles has increased in the last month, said Poudel. Most of the diesel and aviation fuel enter through Birgunj. Poudel informed that most of the diesel comes from the Motihari-Amalekhgunj Petroleum Pipeline.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the customs office, 828,000 kiloliters of diesel worth Rs 50.40 billion has arrived through Birgunj in the first 11 months of the current fiscal year. During this period, 284,000 kiloliters of petrol and 122,000 kiloliters of aviation fuel have entered the country. According to the customs office, 15 types of petroleum products have entered Nepal through the Birgunj checkpoint.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13342', 'image' => '20210627024332_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-27 14:42:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '13597', 'article_category_id' => '1', 'title' => 'Chicken Price Jumps as Production Declines', 'sub_title' => '', 'summary' => 'June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The price of chicken has surged in the market with the decline in production due to the lockdown imposed by the government to curb the spread of covid-19 and disease like Newcastle. The recent floods and landslides in various districts have also affected the production.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Many farmers have stopped producing chicken due to the fear of not being able to sell the produced chicken while the Newcastle disease in different districts also created panic among them. Chicken traders say that the production has reduced due to the floods and landslides caused by continuous rain.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to the stakeholders, about 30 percent of poultry farmers have sopped raising chickens due to the lockdown, Newcastle disease as well as floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Tikaram Pokhrel, former president of the Nepal Hatchery Industries Association, the production of chicken has come down from 4.5 million to 3.1 million. He said that the farmers have stopped adding chicks after the roads in different districts were blocked due to floods and landslides.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The direct impact of decline in production is seen in the price of the chicken. According to the Meat Entrepreneurs Association of Nepal, the price of broiler chicken has gone up by Rs 40 to Rs 290 per kg from Rs 330 per kg. In the retail market, the price is up to Rs 350.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Jung Bahadur BC, president of the association, says that if the production is not improved, the price of meat may increase further.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">He informed that the consumption of meat has also increased as the ban has been eased to some extent. “The consumption of meat in the Kathmandu Valley was only 20 percent at the time of the ban, but it has increased to 40 percent now,” he says. Under normal circumstances, about 500,000 kg of meat is consumed daily in Kathmandu Valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The increase in the price of grains and medicines for feeding chicken has also affected the production. The price of soybean that is used for making chicken feed has increased from Rs 75 to Rs 88 per kg, while the price of maize has also increased from Rs 26 to Rs 32 per kg.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13341', 'image' => '20210627030211_20160613051853_20160613104208_Clipboard05.jpg', 'article_date' => '2021-06-27 15:01:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13595', 'article_category_id' => '1', 'title' => 'Upper Tamakoshi Hydropower Project to Come into Operation within July 15 ', 'sub_title' => '', 'summary' => 'June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 27: The much-awaited national pride project, Upper Tamakoshi Hydropower Project, is all set to generate electricity within three weeks. According to the national news agency (RSS), it will start generating 152 megawatts electricity from July 15. </span><br /> <span style="font-family:"Arial Unicode MS"">Necessary preparations have reached the final stage for producing electricity from two units of the project within July 15, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">Project spokesperson Dr Ganesh Neupane said the trial run of the first unit has been conducted in the first phase and works are on for conducting the test run of the second unit. The project would be connected to the national grid after completing the works of the second unit. </span><br /> <span style="font-family:"Arial Unicode MS"">The 456-megawatt project is near completion almost 10 years after its construction was started. The project with largest domestic investment has reached the final phase of completion despite grappling with natural disasters and various other technical issues. </span><br /> <span style="font-family:"Arial Unicode MS"">Neupane said that necessary preparations are being done from June 27 to July 3 for feeding the electricity produced from the project to the national grid. According to him, works of managing the transmission line of the project have been forwarded. </span><br /> <span style="font-family:"Arial Unicode MS"">The 220-KV transmission line carrying power from the powerhouse of the Upper Tamakoshi Project is being connected to the sub-station located at New Khimti. </span><br /> <span style="font-family:"Arial Unicode MS"">Before this, preparations were made to connect the transmission line from this project to the Dhalkebar sub-station. </span><br /> <span style="font-family:"Arial Unicode MS"">The success of this project has raised hopes that other big projects could also be constructed with domestic investment. </span><br /> <span style="font-family:"Arial Unicode MS"">Although the initial cost of the project was estimated to be Rs 35 billion, it has now reached around Rs 80 billion in 10 years due to the increase in foreign exchange rate of the US Dollar and the interest rate, among other factors. </span></span></span></p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13340', 'image' => '20210627123145_20201206012152_1607211371.Clipboard13.jpg', 'article_date' => '2021-06-27 12:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13594', 'article_category_id' => '1', 'title' => 'Insurance Board Conducting Study to Expand Micro Insurance Sector', 'sub_title' => '', 'summary' => 'June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 27: The Insurance Board has formed a committee to study the reason behind dismal growth of micro insurance sector. The board has formed a four-member committee under the coordination of Sushil Dev Subedi, the director of the board. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Members of the committee include Punam Gywali, Deputy Director of the board, Chanki Chhetri, CEO of Sagarmatha Insurance and Poshakraj Poudel, CEO of Citizens Life Insurance Company. The committee has already started its study into the issue and will be submitting a report after the completion of the study in twenty days. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Raju Raman Poudel, Managing Director of the board, said that micro insurance has not been able to expand its business so a study committee has been formed to study this matter. The committee will study into the issues that are preventing the growth of the micro insurance sector and find out the mechanism to be adopted to expand its growth. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">At present, micro insurance services are accessible to 23 percent of the population. The government wants to increase its access to 33 percent of the population. To achieve the target, the board has been working on various issues. In this regard, the board has come up with the committee to figure out strategies to expand the micro insurance sector. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"If the business of micro insurance could be expanded, it helps to increase access to insurance. So study is being conducted with an objective to expand people's reach to insurance," he added. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However there is not any intention to award licenses to micro insurance companies. "The study is not intended to provide license to micro insurance company. If the study implies a need for a separate company, it will be established but the board has not given any consideration to it as yet," said Poudel. </span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2021-06-27', 'modified' => '2021-06-27', 'keywords' => '', 'description' => '', 'sortorder' => '13339', 'image' => '20210627122025_20200417105653_Beema-Samiti.jpg', 'article_date' => '2021-06-27 12:19:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '13593', 'article_category_id' => '1', 'title' => 'Operations of Domestic and International Flights at TIA Normal ', 'sub_title' => '', 'summary' => 'Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu', 'content' => '<p>June 26: Domestic and international flights to and from the Tribhuvan International Airport (TIA) are operating normally despite unfavourable weather in Kathmandu. Kathmandu Valley has witnessed incessant rain and foggy sky since early this morning. <br /> According to the TIA source, no international flight has been obstructed due to the adverse weather conditions. However, domestic flights to some destinations have been normally affected due to poor visibility and foggy conditions. Now the weather is gradually improving. <br /> At least 2,500-metre visibility is necessary for landings and take-offs for the international aircrafts. Most of the international flights took place in the morning time. There are no disruptions in international flights as flight services are scheduled in the morning and evening, said the TIA source. <br /> Aircraft have landed in Kathmandu this morning and outgoing flights are scheduled for evening, the sources added. <br /> Towards domestic service, limited charted and rescue flights are taking place. The government has decided to resume domestic flight services in the country from July 1. <br /> Number of international flights to some destinations has been added since June 24. In order to contain the second wave of coronavirus pandemic, the government had enforced prohibitory orders in various parts of the country, including the Kathmandu Valley since April 29. <br /> The domestic flights have been put off since May 3 and international flights since May 6 as part of its measures to stem the virus outbreak. -- RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13338', 'image' => '20210626025244_DOmestic flights.jpg', 'article_date' => '2021-06-26 14:50:40', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 9 => array( 'Article' => array( 'id' => '13592', 'article_category_id' => '1', 'title' => 'Monsoon Rain Lashes Majority Parts of the Country', 'sub_title' => '', 'summary' => 'Majority of the country is experiencing general to mostly cloudy weather today. ', 'content' => '<p>June 26: Several parts of Nepal are receiving lashes of rain as monsoon hits the country . Likewise, moderate to heavy rainfall is likely to continue at many places of the country, according to the Weather Forecasting Division. </p> <p>There are also chances of heavy rain with thunder and lightning in few places of Province 1, Province 2, Bagmati, Gandaki and Lumbini provinces. Province 1, Province 2 and Bagmati province are already experiencing light rainfall since this morning.</p> <p>The weather is likely to remain generally to mostly cloudy in the country later tonight while light to moderate rain is possible at many places of the country. There are chances of heavy rain with thunder and lightning at one or two places of Province 1, Province 2 and Lumbini Province tonight, adds the Division. The temperature of Kathmandu is expected to remain at a maximum of 27.4 and minimum of 20.2 degree Celsius today. --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-26', 'modified' => '2021-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '13337', 'image' => '20210626022910_Monsoon.jpeg', 'article_date' => '2021-06-26 14:24:59', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13591', 'article_category_id' => '1', 'title' => 'Staffers of BFIs Warn of Strike against Social Security Fund', 'sub_title' => '', 'summary' => 'June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 25: Employees of banks and financial institutions (BFIs) as well as insurance companies have warned of a strike against the contribution-based Social Security Fund (SSF) if their concerns are not addressed.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Employees' unions of about two dozen banks, financial institutions, and insurance companies issued a joint statement on Thursday, June 24, urging the SSF to consider their suggestions.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have been protesting against the mandatory provision of joining SSF and have demanded voluntary participation. They have also submitted dozens of suggestions after the Social Security Fund directed all private sectors to get registered in the government scheme by mid-July.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the employees' union, the pressure of the social security fund has created panic amongst the BFI's employees.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">“The pressure from the fund has made a psychological impact and has affected the productivity of the employees. Therefore, we are unable to be join the existing plan of the fund,” mentions the press statement.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">"If we create unnecessary fear, intimidation, and pressure in this area by ignoring the suggestions given at various period to amend the provisions of the Act, Rules, and Procedures, we will be compelled to start a movement against the scheme," the statement said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees’ unions had earlier submitted a 14-point recommendation to the fund. As some provisions of the contribution-based Social Security Act, Rules and Procedures do not favor the employees, amendments are necessary to make them in favour of the workers and guarantee that the services provided to the employees will not be reduced. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to Clause 19 (4) (c) of the work procedure of SSF, if the workers do not want to transfer the amount from the provident fund and gratuity allowance to the SSF before the date of commencement of contribution to SSF, the contributor can receive the amount themselves or deposit the amount to any other retirement fund. However, this provision is not mentioned in the Social Security Act and the employees have demanded the SSF to include it in the act as well, besides suggesting the fund to remove double taxation for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, they suggest that in case of death of the contributor with 180 months of contribution to the fund, the deposited amount should be returned to his / her family or the person he/she has nominated.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The employees have also demanded amendment of the provision that allows them to take out only 80 percent of the amount deposited after three years of joining the social security fund and to make it possible to take loans up to 90 percent at any time.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13336', 'image' => '20210625024103_20210225124654_Social-Security-Fund-SSF.jpg', 'article_date' => '2021-06-25 14:40:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '13588', 'article_category_id' => '1', 'title' => 'Demand for Electricity Rises after Relaxation of Prohibitory Order', 'sub_title' => '', 'summary' => 'June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: Nepal Electricity Authority (NEA) has stated that the consumption of electricity has been gradually increasing after the relaxation of prohibitory order. Due to the prohibitory order imposed to contain the second wave of coronavirus, the demand for electricity had gone down. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The government has eased the restrictions since June 22 in the valley. Ever since, the consumption of electricity has gone up. Spokesperson of NEA, Madan Timisina said that the power consumption stood at 1365 MW during the peak hour on June 22. During the period of prohibitory order, electricity consumption had declined to 1170 MW at the peak hour. Timsina said that demand for electricity has improved following the relaxation of prohibitory order. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">After the government eased people's movement, corporate offices, banks and financial institutions, industries, departmental stores have come into operation leading to a rise in electricity consumption. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The NEA is currently generating 400MW electricity through different projects. The private sector is generating 440 MW electricity and an additional 520 MW is being imported from India. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"Due to landslides and floods, some of the NEA projects are not in operation so import of electricity has been increased,” Timsina informed. Before the government imposed restrictions, the normal peak hour demand was 1300 MW which was reduced to 1170 MW. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">Meanwhile, the prohibitory order imposed this time did not affect the electricity consumption as much as in the first phase of lockdown. The power consumption had reduced to 600 MW during the lockdown imposed in 2020. </span></span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13335', 'image' => '20210625105528_20210111032406_1610322387.1.jpg', 'article_date' => '2021-06-25 10:55:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '13587', 'article_category_id' => '1', 'title' => ' Government Backs 'Make in Nepal' Campaign ', 'sub_title' => '', 'summary' => 'June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. ', 'content' => '<p><em>Signing ceremony between CNI and Government of Nepal at Singha Durbar on June 24. Photo Courtesy: CNI</em></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">June 25: The 'Make in Nepal: Swadesi' campaign initiated by the Confederation of Nepalese Industries (CNI) is to receive the backing of the government. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Issuing a statement on Thursday (June 24), CNI said that the campaign initiated with the objective of promoting goods and services produced in Nepal has received strong backing from the government</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">The statement further said that an agreement to this end was signed between the government and the CNI at the Office of the Prime Minister and Council of Ministers on Thursday (June 24). </span><br /> <span style="font-family:Arial">During the signing ceremony, Chief Secretary Shanker Das Bairagi expressed the confidence that the campaign would prove a milestone in developing Nepal into a self-reliant and export-oriented economy. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">"Accordingly, the government is simplifying policy and procedures, and also developing environment conducive for investment," the statement quoted Chief Secretary Bairagi as saying.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:Arial">Meanwhile, CNI President Satish Kumar More said that the production and promotion of Nepal-made goods is the need of the moment, and urged for support and cooperation from all sectors s. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13334', 'image' => '20210625104610_MoU_CNI_&_Nepal_Govt-2.jpeg', 'article_date' => '2021-06-25 10:44:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '13586', 'article_category_id' => '1', 'title' => 'Nepal Exports Goods worth Rs 121 Billion in Current FY ', 'sub_title' => '', 'summary' => 'June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 25: In the first 11 months of the current fiscal year, Nepal exported goods worth Rs 121.25 billion, which is 37.78 per cent more than the goods exported in the corresponding period of the last fiscal year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According the Department of Customs, Nepal had exported goods worth Rs 88 billion during the same period in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, Nepal imported goods worth Rs 1383.36 billion during the review period. According to the Department, the import of goods rose by 25.67 per cent compared to last fiscal year. Nepal had imported goods and services equal to Rs 1100.81 billion in the same period last year. </span><br /> <span style="font-family:"Arial Unicode MS"">From mid-May to mid-June, Nepal imported goods and services of Rs 129.25 billion while the export remained just Rs 12.77 billion. </span><br /> <span style="font-family:"Arial Unicode MS"">As per the statistics, the country’s trade deficit in the current fiscal year has widened by 24.61 per cent. </span><br /> <span style="font-family:"Arial Unicode MS"">In the country’s foreign trade, the share of import is 91.94 per cent while it is just 8.06 per cent of export. </span><br /> <span style="font-family:"Arial Unicode MS"">The top importing goods of Nepal include diesel, iron products (steel), legume oil, mobile phone, cooking gas and petrol. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, legume oil, cardamom, carpet, tea and jute carpet remained the top export goods of Nepal. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13333', 'image' => '20210625103247_20190227014053_aadfsaff.jpg', 'article_date' => '2021-06-25 10:32:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '13589', 'article_category_id' => '1', 'title' => 'Chinese Team Arrives to Design Tunnel of KTM-Terai Fast Track ', 'sub_title' => '', 'summary' => 'June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">June 25: A Chinese team has arrived in the country to design a tunnel under the second package of the Kathmandu-Terai Fast Track. The Chinese team of Poly Chhangda Engineering Corporation will design the tunnel between Dhadrekhola to Lanedada and a special bridge in this section. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the contract agreement signed on May 14, a group of 14 people from the company arrived in Nepal on Wednesday, June 23, on a chartered flight. The agreement was signed to build the Fast Track under Engineering, Procurement and Construction (EPC) model. Spokesperson of the Nepalese Army Santosh Ballabh Poudel informed that the officials of the company who got the contract for the second package have arrived.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"The team consists of the necessary experts, including project managers, tunnels, bridges and road engineers," Poudel said, adding, “The team will design the structure and start field work after completing quarantine."</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The human resources of the company present in the country have already started the work of geophysical and geotechnical survey and the team that arrived on Wednesday will look into the design of the tunnel. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">"It is an achievement that the team has arrived in the country even in such difficult times. This will help to complete the project on time," Brigadier General Poudel added. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The design of the project to be constructed through this medium should also be done by the same company.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">As per the agreement, the design has to be completed within six months. He said that the army would facilitate the team to start the design work as soon as possible. Similarly, a team of China State Construction Engineering Corporation Limited, which was awarded the contract to build the first package of the Chhokredanda-Dhedrekhola tunnel, will also arrive in Kathmandu in two or three days, he said.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The Nepalese Army has signed agreements with two Chinese companies to build special bridges with tunnels within three and a half years at an estimated cost of Rs 50.14 billion. The army had signed the contract despite a directive from the Public Accounts Committee of the parliament to cancel the process citing irregularities in the process.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman"">The cost of the first package of the bridge construction including the tunnel is estimated to be Rs 21.61 billion while that of the second package is Rs 28.53 billion. The company will complete the design in six months and the tunnel / bridge construction within the next three years. The 72.5 km long fast-track will have tunnels at three different locations and 16 complex bridges.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-25', 'modified' => '2021-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '13332', 'image' => '20210625110719_20210516122418_20170616052456_fast track nov 21.jpg', 'article_date' => '2021-06-25 11:06:29', '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
