
June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and…
June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and…
June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways.…
June 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in…
June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS.…
Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign…
June 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government.…
June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27.…
Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance to provide reinsurance…
June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight…
A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu.…
Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year…
The private sector has provided a mixed response on the federal budget for the fiscal year…
Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).…
As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. …
May 31: Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May…
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Seed importers have imported various hybrid paddy seeds from India and China.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.</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 data provided by the Seed Quality Control Center, 34 importer companies have imported a total of 4,149 metric tons of paddy seeds worth Rs 1.61 billion this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Altogether 46 types of seed imported this year include US 311, Champion, Raja, Maharaja, Sawamansuli, Sudha, and Shanti. Bikas Kharel, horticulture officer at the center, informed that among these, 39 varieties were imported from India and the remaining seven varieties were imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Paddy seeds like Savitri, Sonamansuli, Makwanpur and Basmati are produced in Nepal while hybrid seeds are imported from India and China. According to Kharel, larger amounts of seeds are imported from India than China in terms of quantity. A total of 3,961 metric tons of seeds have been imported from India this year, while 188 metric tons of seeds have been imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">About 70,000 metric tons of paddy seeds are required annually for a total of 1.35 million hectares of cultivable land in Nepal. It is estimated that Nepali seed companies produce 10,000 metric tons of paddy seeds annually. Stakeholders say that some farmers use their own local seeds. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/20181228032406_a.jpg" style="height:600px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13238', 'image' => '20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-06-03 15:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13492', 'article_category_id' => '1', 'title' => 'Home Ministry Instructs District Administration Offices to Ease Transportation of Goods ', 'sub_title' => '', 'summary' => 'June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. The Home Ministry has written letters to twenty district administration offices instructing them to facilitate transportation of goods. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The district administration offices of Jhapa, Morang, Bara, Parsa, Rupandehi, Kapilvastu, Banke and those along the major border points have been asked to make arrangements for the transportation and supply of goods to and fro the destination.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Earlier, the government had banned the entry of all vehicles except the ones carrying essential goods into the Kathmandu Valley to control the surge of COVID-19 cases.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Vehicles carrying industrial products even with the customs clearance were not allowed to enter the Kathmandu Valley. The restrictive measures were stepped up following the sharp rise in COVID-19 cases in the valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government had banned the transportation of all items except 21 essential items including food, medicine, medical supplies and equipment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Subodh Kumar Gupta, chairman of the Birgunj chapter of Federation of Nepalese Chambers of Commerce and Industry said that they had to pay detention fees for containers for about a week. “The supply of industrial raw materials and products have been affected after the police administration stopped transport vehicles at checkpoints and highways. The instructions from the Home Ministry would help to ease the supply chain,” said Gupta. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has directed the district administration offices to allow trucks and containers carrying industrial raw materials to reach their destinations. The customs offices had been issuing customs clearance to vehicles carrying goods other than the essential ones as well. Although there was no problem in customs clearance, those vehicles faced problems while transporting the goods. Harihar Poudel, chief customs officer of Birgunj Customs Point, said that this issue has also been resolved with the initiative taken by the Home Ministry.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Birgunj chapter of FNCCI had written to the Home Secretary on Tuesday, June 1, urging him to remove the obstruction on transportation of goods. "Their concern has been addressed for now," said Gupta. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13237', 'image' => '20210603030846_20190410102147_ICP-Birgunj-2.jpg', 'article_date' => '2021-06-03 15:08:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13491', 'article_category_id' => '1', 'title' => 'DoT Releases a List of Hotels to be Used for Quarantine', 'sub_title' => '', 'summary' => 'June 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in quarantine.', '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 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in 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 Department of Tourism (DoT) has made public the list of hotels to be used as quarantine facility. The hotels were selected on the basis of certain criteria.</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 hotels to be used for quarantine are required to completely close the dining area, buffet, gym, sauna, indoor and outdoor games.</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 department has made it clear that such hotels are required to have amenities like 20 rooms, a separate gate for entry, an open space, or a garden for jogging for the individuals in 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"">Additionally, the criteria specify that the hotel should have sufficient open space to provide service to air passengers and for the collection of swab test samples. Likewise, television, Wi-Fi, and an attached bathroom with hot water for bathing and drinking are mandatory. Similarly, the hotels are required to make arrangements to provide food and other services in the room.</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 department has mentioned that soap, toothpaste, brush, hand wash, and towel should be kept in each room for one week. On May 31, the Ministry of Culture, Tourism, and Civil Aviation had implemented the standards that the Nepali and foreign nationals arriving in Nepal from abroad would have to follow. Accordingly, the arriving individuals are required to have a PCR test report taken within 72-hour, document of hotel booking, and stay in a mandatory five-day hotel 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"">An arrangement has also been made to stay at home for 10 days on the recommendation of the concerned hotel and regulatory body after staying in the hotel quarantine for a 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:"Times New Roman"">The ministry has banned quarantine in hotels in densely populated areas including Thamel and Gongabu in Kathmandu. Stating that the risk of spreading coronavirus (Covid-19) infection is high, the ministry has banned quarantine in hotels in these areas.</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 department issued a notice on June 2 stating that five-star hotels like The Soaltee Kathmandu, Shangrila, Radisson, and Hyatt, will be used as quarantine hotels. Hotel Shankar, Hotel Himalaya, and Grand Hotel are the four-star hotels to be used for the quarantine service. As per the decision of the department, five three-star hotels and 51 tourist hotels have been listed for the quarantine facility of the arriving visitors and returnees. Similarly, Park Village and Gokarna Forest Resorts have been listed under the resort category.</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"">Earlier, eight hotels were used for 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 hotel quarantine service is expected to support the hotel sector that has been affected by the Covid-19 pandemic. The government has also encouraged the use of hotels as quarantine in the budget for the upcoming fiscal year. According to a source at the Hotel Association of Nepal (HAN), the government has made the hotel quarantine standard mandatory but it is not likely to be implemented. </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"">"Only a handful of people are arriving from abroad and on the other hand most of the passengers are going to stay in home isolation rather than hotels," the source informed. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13236', 'image' => '20210603124902_20200504104410_20190511105700_Clipboard37 2.jpg', 'article_date' => '2021-06-03 12:48:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13490', 'article_category_id' => '1', 'title' => ' Prohibitory Order in Valley Extended by 10 Days', 'sub_title' => '', 'summary' => 'June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">A joint meeting of the Chief District Officers (CDO) of Kathmandu, Lalitpur and Bhaktapur took the decision to extend the order with some relaxation. </span><br /> <span style="font-family:"Arial Unicode MS"">The order has been extended till June 14. The previous order was expiring on June 4.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According to RSS, the CDOs of the three districts have revoked an earlier decision to ban operation of grocery shops and departmental stores and can now remain open until 9:00 am every day. Earlier, only vegetable shops and other essential services were allowed to open. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, construction work can also resume with boarding facility for the workers and following the prescribed health protocol. Construction materials have to be transported from 9:00 pm to 4:00 am. Human mobility remains prohibited as well as traffic, except for emergency and essential services. </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13235', 'image' => '20210602104030_20210512120931_20200903113103_1599056781.jpg', 'article_date' => '2021-06-02 22:39:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13489', 'article_category_id' => '1', 'title' => 'Unilever Nepal Partners With Nepal Army for ‘Mountain Cleaning Campaign 2021’ ', 'sub_title' => '', 'summary' => 'Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’.', 'content' => '<p>June 2: Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’. </p> <p>Issuing a statement on Wednesday, the multinational company said that the partnership with the Nepal Army for the mountain cleaning campaign is part of its commitment ‘to make sustainable living a common place’. </p> <p>According to the statement, the mountain clean up initiative disposed 5,020 kg of waste, of which 4,720 kg non-biodegradable waste was sent for recycling while remaining 300 kg of bio-degradable waste was disposed through Dhaulagiri Rural Municipality.</p> <p>“The natural world is being lost and damaged at an alarming rate, and to put the same on reverse, Unilever Nepal couldn’t have found a better cause than to clean the revered Mount Dhaulagiri and a more credible partner than the Nepal Army,” the statement quoted Unilever Nepal’s Managing Director Amlan Mukherjee as saying. “We are committed to make sustainable living common place for everyone and will continuously engage in programs like these in the coming days,” he said. </p> <p>Similarly, Brigadier General Himanshu Khadka, Director of the Directorate of National Parks and Wildlife Reserve, also thanked Unilever Nepal for supporting the Mountain Clean Up initiative. “Through this initiative of cleaning the Himalayan ranges you have touched the heart of every Nepali,” the statement quoted Brigadier General Khadka as saying in an event organized at the Army Headquarters in Kathmandu.<br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13234', 'image' => '20210602103709_20210510_074318.jpg', 'article_date' => '2021-06-02 22:35:07', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 5 => array( 'Article' => array( 'id' => '13488', 'article_category_id' => '1', 'title' => 'Province 2 Lags Behind in Terms of Industrial Investment ', 'sub_title' => '', 'summary' => 'June 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. ', '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 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. The survey report shows that despite being connected with major border points and being home to several industrial corridors, it is even behind the remote Karnali Province when it comes to industrial investment.</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"">However, the private sector is not convinced by these government figures. Ganesh Prasad Lath, president of Province 2 chapter of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), claims that the economic survey data is not based on facts.</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"">Birgunj, the major border point in terms of import-export, is in the province 2. It is close to the Indian seaport and transportation of raw materials and readymade goods through this district is also convinient.</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 Birgunj-Pathlaiya Industrial Corridor is considered to be the largest industrial corridor. However, the economic survey shows that Province 2 comes second from the last in terms of attracting industrial investment. </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 data provided by the Ministry of Industry, Commerce and Supplies for the Economic Survey, Province 2 has a total industrial investment of Rs 119 billion while Karnali Province has attracted investment of Rs 131 billion. However, the number of registered industries in Province 2 is 564 while in Karnali it is only 78.</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"">In terms of number of registered industries, Province 2 holds fifth position while Karnali is in the last position. Province 2 is ranked third in the number of small-scale industries. Bagmati province leads the list with a total industrial investment of Rs 224 billion.</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"">Of the 8,384 industries registered with the Department of Industry, Bagmati has the highest number of industries (5,450). </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"">However, the first-ever economic census conducted by the Central Bureau of Statistics shows a different result. </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"">Bagmati Province houses the highest number of industrial establishments which is 282,056. Jagdish Prasad Agrawal, analyst and entrepreneur, says that the contradictory government data has raised doubts over their credibility.</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"">Similarly, Lath states that there is a need for a survey that is based on facts. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13233', 'image' => '20210602051025_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-02 17:09:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13486', 'article_category_id' => '1', 'title' => 'CAAN Announces Special International Flight Schedule for June', 'sub_title' => '', 'summary' => 'June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to a notice issued by the aviation regulatory body of Nepal, the state-owned Nepal Airlines Corporation, Turkish Airways, Qatar Airways, and Air India will be conducting five flights a week from June 3. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Turkish Airways will operate a flight along the Istanbul-Kathmandu route every Thursday from June 3. Likewise, Nepal Airlines and Qatar Airways will operate a flight between Kathmandu and Doha every week on Monday from June 7. Similarly, Both Nepal Airlines and Air India will operate a weekly flight along Kathmandu-Delhi route on Wednesday and Friday under the air bubble agreement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The flight schedule introduced by CAAN for the international route will come into effect from June 1. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The Flight Permission Section of the aviation authority permitted the new flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the notice, Turkish Airlines’ flight to Istanbul will depart on Thursdays at 23:05 NST, Nepal Airlines will operate a flight to Doha at 22:00 NST and Qatar Airways at 11:05 every Monday. Likewise, a Nepal Airlines flight to Delhi will depart from Tribhuvan International Airprt (TIA) at 11:05 NSTon Wednesday and Air India will take off at 15:35 NST every Friday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Meanwhile, Qatar Airways has requested to conduct a chartered flight to Doha from Kathmandu on June 4. The details about the flight permission are yet to come, informs Raj Kumar Chettri, spokesperson for CAAN.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The scheduled flight routine is only valid for June. Airlines will have to strictly follow health protocols while boarding passengers. </span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13232', 'image' => '20210602115245_20151110041343_tia_nepal.jpg', 'article_date' => '2021-06-02 11:52:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13485', 'article_category_id' => '1', 'title' => 'Insurance Regulator Beema Samiti Grants Approval in Principle to Himalayan Reinsurance ', 'sub_title' => '', 'summary' => 'Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance to provide reinsurance service.', 'content' => '<p>June 1: <br /> Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance, allowing the new company to start a process to get the operation license for providing reinsurance services. </p> <p>Raju Raman Paudel, Executive Director at the Beema Samiti, said that the board meeting held recently decided to grant approval in principle to set up a reinsurance company to Himalayan Reinsurance. According to Paudel, a formal letter regarding the decision will be provided to the company within two days.<br /> Five companies had applied for the approval after the Beema Samiti on May 29 called for applications from the private sector to grant approval for the reinsurance company. Kathmandu Reinsurance Company, Annapurna Reinsurance Company, Prudential Reinsurance Company, Himalayan Reinsurance Company and Genuine Reinsurance Company had sought Beema Samiti’s nod to start the process to acquire the operation license. <br /> Beema Samiti officials say that the board decided to choose Himalayan Re which received the highest marks during the evaluation process.</p> <p>After receiving the approval from the board, Himalayan Re will have to register itself at the Office of the Company Registrar. The company should come into operation within six months from the date of receiving the approval.</p> <p><br /> Once the company sets up its infrastructure and office, it should apply for the license with Beema Samiti for the operation license. After carrying out inspection of the infrastructure, Beema Samiti then decides on granting the operation license.<br /> Himalayan Re will have a paid-up capital of Rs 10 billion as required by Beema Samiti. Shekhar Golchha, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Bhawani Rana, the outgoing FNCCI President, former FNCCI President Pashupati Murarka along with other industrialists including Shahil Agrawal and Sulav Agrawal, are said to be major promoters of Himalayan Re. It also has investments from Lucky Group, Dugar Group and Shankar Group. <br /> Currently, there is only one state-owned Nepal Reinsurance Company that is in operation in Nepal. Beema Samiti had started the process to add one more reinsurer from the private sector in line with a recommendation from its committee formed to study the viability of a new reinsurance company. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13231', 'image' => '20210601093819_Beema Samiti.jpg', 'article_date' => '2021-06-01 21:30:39', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '13487', 'article_category_id' => '1', 'title' => 'Government to Extend Prohibitory Order in Kathmandu', 'sub_title' => 'Retail Stores will be Allowed to Open Under New Modality ', 'summary' => 'June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS"">A meeting of the chief district officers of Kathmandu, Lalitpur and Bhaktapur on Tuesday (June 1) decided to give continuity to the prohibitory order issued on May 28, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">According to the CDO of Bhaktapur Prem Prasad Bhattarai, retail and grocery shops as well as food stores and departmental stores will be allowed to open until 9 am each day from June 4 when the new order comes into effect.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">Similarly, development works and construction activities will be allowed under certain conditions. The contractors need to arrange boarding facilities for the workers to undertake construction works. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, vehicles carrying daily essentials and supplies can be operated following a fixed timetable. These activities had been curtailed by the May 28 decision. Other activities shall remain prohibited as per the previous decision. </span><br /> <span style="font-family:"Arial Unicode MS"">The modification comes in the wake of a declining rate of COVID-19 infection across the country since the past few days. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">The ongoing prohibitory order expires on June 3. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13230', 'image' => '20210602115853_20200601121121_lockdown.jpg', 'article_date' => '2021-06-02 11:57:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '13484', 'article_category_id' => '1', 'title' => '800,000 Doses of China-gifted Vaccines Arrive in Kathmandu ', 'sub_title' => '', 'summary' => ' A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. ', 'content' => '<p>June 1: A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. Nepal Airlines, the state-owned airlines, airlifted the vaccines from Beijing on Tuesday.</p> <p>China has decided to provide one million doses of Covid vaccines under its grant assistance following a request from President Bidya Devi Bhandari to her Chinese counterpart Xi Jinping. </p> <p>During a telephone conversation held with President Bhandari on May 26, Chinese President Xi Jinping had announced that China will provide one million doses of Covid-19 vaccines to Nepal under grant assistance. </p> <p>According to a statement of Nepal’s Ministry of Foreign Affairs, the remaining 200,000 doses of the vaccine are being provided to Nepal by the Government of the Tibet Autonomous Region of China. Accordingly, 50,400 doses of the vaccine and syringes have been handed over to the officials of the Ministry of Health and Population on Tuesday morning, and another batch of 50,400 vaccines and syringes is scheduled to arrive in Kathmandu this evening, according to the statement. The consignment of remaining 99,200 vaccines and syringes will arrive in Kathmandu on Wednesday. </p> <p>Though it’s not immediately clear which vaccine China has provided to Nepal, the Department of Drug Administration has authorized only Vero Cell as the vaccine manufactured in China for the emergency use in Nepal. </p> <p>This is the second time that China gifted Covid vaccines to Nepal. Earlier in March, China had provided Nepal 800,000 doses of Vero Cell. <br /> <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13229', 'image' => '20210601052506_20201220030450_Corona3.jpg', 'article_date' => '2021-06-01 17:19:17', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13483', 'article_category_id' => '1', 'title' => 'Exports of Dairy Products Jump 465% as Supply of Ghee to Japan Rises ', 'sub_title' => '', 'summary' => 'Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). ', 'content' => '<p>June 1: Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). <br /> According to the data of National Dairy Development Board (NDDB), the exports of dairy products have surged 465 percent in 10 months of the current fiscal year compared to the corresponding period of the last fiscal year. <br /> Nepal exported dairy products worth Rs 65.6 million this year up from Rs 11.65 million in last year. <br /> Imports of dairy products are still higher than exports. However, the imports have also declined in the review period.<br /> According to the board, the imports of dairy products fell 14.25 percent. The country imported dairy products worth Rs 1.69 billion, down from Rs 1.45 billion. <br /> Dr. Balak Chaudhary, Technical Director at the NDDB, said that the surge in the export of ghee (clarified butter) to Japan has increased the total export receipt from dairy products. The clarified butter exports to Japan rose by 11,115 kg in the first 10 months of the current fiscal year as compared to the same period of last year. This is the highest quantity of clarified butter that Nepal has exported, he said. </p> <p>According to Chaudhary, Japan is becoming a major market for Nepali dairy products thanks to Nepali doing dairy businesses in Japan. </p> <p><br /> <strong>Milk collection limited to 50% </strong><br /> The collection of milk has been limited to 50 percent due to the prohibitory orders imposed in various parts of the country. Organizing a press conference organized on the eve of World Milk Day, the National Dairy Development Board said that the milk collection in the formal sector declined by 50 percent due to the prohibitory orders imposed by the government to control the Covid-19. Speaking at the press meet, Radha Krishna Sapkota, President of the Nepal Dairy Association, said that the dairy sector, which contributes to nearly 9 percent to the country's gross domestic product, is facing various problems due to the pandemic. According to him, dairy businesses have only 41,000 metric tons of powdered milk and 25,000 metric tons of butter in their stock.<br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13228', 'image' => '20210601024754_Ghee.jpg', 'article_date' => '2021-06-01 14:36:42', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '13482', 'article_category_id' => '1', 'title' => 'Private Sector Finds Overall Budget Positive, Points Implementation As Challenge ', 'sub_title' => '', 'summary' => 'The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. ', 'content' => '<p>June 1: The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. </p> <p>The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI) have said that the overall budget program looks promising. However, they have said that the budget did not address some of their key demands.</p> <p>Issuing a statement on Monday, the FNCCI said that priorities accorded in the budget have sent a positive message. The Federation is confident that the removal of excise duty and reduction of customs duty on import of electric vehicles will help in the promotion of environmentally friendly vehicles and replace diesel and petrol powered vehicles. However, the federation said that the implementation of the upcoming year’s budget is more difficult than of previous year.<br /> “Elections have been announced for the fourth month of the upcoming fiscal year and if the vaccination program couldn’t be expanded it will soon invite the third wave of coronavirus. It will prevent the private sector from expanding the business which will add pressure on the revenue system,” read the statement of the FNCCI. </p> <p>Similarly, CNI, in a separate statement, said that provisions like 100 percent income tax exemption to startup businesses, deduction of seed capital investment in startups as expenditure and subsidized loans to youths against academic certificate pledge are commendable. However, the Confederation has stated that such seed capital should have been of Rs 50 million. </p> <p>According to CNI, the budget is aimed at uplifting the economy ravaged by the COVID- 19, improving the industrial environment, increasing private sector investment and generating employment opportunities. It also said that it expects the provision of transferring electricity from power companies to the industries by paying the wheeling charge will reduce the production charge and help in the export of the electricity. It has further said that waiving off electricity demand fees to the industries, hotel and cinema during the period of prohibitory order is also an encouraging move.<br /> Stating that the budget has not been able to address the domestic, small and medium industries affected by the COVID pandemic, CNI also urged the government to address their needs through the monetary policy. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13227', 'image' => '20210601020406_FNCCI_CNi.jpg', 'article_date' => '2021-06-01 13:59:26', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '13481', 'article_category_id' => '1', 'title' => 'Finance Ministry Begins Preparations for Implementation of New Budget ', 'sub_title' => '', 'summary' => 'Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22). ', 'content' => '<p>June 1: Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).</p> <p>According to MoF officials, the MoF has begun the preparation for the budget implementation immediately after unveiling the estimate of revenue and expenditure. <br /> Earlier on Saturday, Minister for Finance Bishnu Prasad Paudel had introduced the budget for the upcoming fiscal year through an ordinance. <br /> MoF officials say that the early preparation would lay a ground to bring desired results from the plans and programmes mentioned in the budget on time.<br /> Finance Minister Paudel on Monday held a meeting with ministers, secretaries and other senior officials of various ministries to discuss the execution of the new budget, according to a statement issued by the MoF. Minister for Physical Infrastructure and Transport Basanta Nembang, Minister for Education, Science and Technology Krishna Gopal Shrestha, Minister for Communications and Information Technology Parbat Gurung along with secretaries were present in the interaction. </p> <p>Finance Minister Bishnu Prasad Poudel directed them to prepare a time-bound action plan as well as other guidelines and working procedures required for the implementation of the provisions, plans and programmes introduced in the budget. <br /> He urged the senior officials to make preparation that will allow them to implement the budget from the beginning of the upcoming fiscal year. The new fiscal year begins from July 16. <br /> “We are serious on implementing the budget. I urge you all to move forward with a clear timetable from the beginning to the completion of plans and programs,” the statement quoted Finance Minister Poudel as saying. “The ministry will assist, coordinate and facilitate the implementation of the budget.”<br /> Stating that it is important to pay special attention to the implementation and its results, Finance Secretary Shishir Kumar Dhungana said that the MoF will look after the management of resources for the projects and programmes included in the budget.<br /> <br /> The MoF plans to hold discussions with various ministries and agencies on budget implementation regularly, according to the statement. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13226', 'image' => '20210601123504_IMG_5049.jpg', 'article_date' => '2021-06-01 12:31:56', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '13480', 'article_category_id' => '1', 'title' => 'Solu Corridor Transmission Line Project Deadline Likely to Be Extended for Sixth Time', 'sub_title' => '', 'summary' => 'As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. ', 'content' => '<p>June 1: As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. </p> <p>The construction had started in September 2016 with a target to complete the project within 30 months. However, the deadline was extended fifth time with a plan to finish the entire construction work by May 2021. </p> <p>Project Chief Janardan Gautam shared that the deadline is likely to be extended for three months. According to Gautam, locals’ obstruction in the construction works is to blame for delay in the project completion though 132 KV transmission line is being developed to export the power generated in the district. </p> <p>It is said that only the foundation work of 292 towers is completed so far though 302 towers are to be constructed from Mirchaiya of Siraha to Tingla of Solukhumbu.</p> <p>Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. The locals have halted the work demanding compensation of their land. <br /> Similarly, the work of fixing electric wires is still left to do in 30 kilometres out of total 90 kilometres. Most of the tasks have come to a halt due to the locals’ obstruction. </p> <p>The Upper Solukhola Hydropower Project that completed its project last year is generating only five megawatt of power out of its capacity of 23.5 megawatt due to lack of transmission line. The power generated from there is linked to 33 KV sub-station at Rumjatar of Okhaldhunga. <br /> --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13225', 'image' => '20210601112810_transmission line.jpg', 'article_date' => '2021-06-01 11:25:46', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '13479', 'article_category_id' => '1', 'title' => 'Finance Minister Assures of Implementing Budget ', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">May 31</span><span style="font-size:10.0pt"><span style="font-family:Times">: </span></span><span style="font-family:"Times New Roman"">Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The finance minister made such remark dismissing concerns over the implementation of the budget brought through ordinance.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Speaking at a press conference organised at the Ministry of Finance on Sunday, Minister Paudel said that the government would implement the budget to achieve the economic growth rate of 6.5 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the finance ministry is starting discussions with various line ministries on budget implementation from Monday (May 31) itself. He clarified that the government did not bring a provisional budget as it did not want to shy away from its duty during the current crisis caused by coronavirus pandemic. He claimed that a full-fledged budget was announced as per the constitutional provisions.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Experts say that the size of the budget has increased as the government tried to introduce a budget which was populist in nature. This poses a serious problem in financial discipline and it would be difficult to implement, according to the experts.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However Minister Paudel said that the government cannot avoid its responsibility towards the country and the people by bringing only a provisional budget in such a time of crisis. “Therefore, we have brought the budget in line with the constitution, and now we are determined to implement it.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Finance Minister Paudel, the budget has given maximum priority to the revival of the economy by providing relief and facilities to the people and businesses affected by COVID-19. The budget has put forth the idea of restoring the economy to its old rhythm and making revitalizing it.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Denying the remark that there was no budget allocated for the election, Minister Paudel said that the government would mobilize all its resources to conduct the upcoming election in a free and fair manner. According to him, the required budget has already been allocated for the election. He said that the budget allocated for the polls will be released to the Election Commission and the security agencies as per the need.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel claimed that the government took the responsibility of increasing the social security allowances including the old age allowance even during the pandemic. He said, "Contribution-based social security fund has already been implemented. Once it is fully implemented, the burden on the government will be greatly reduced. We have not reached the limit where we wouldn’t be able to bear the load right now."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the government has introduced a tax exemption and relief programme in the budget considering the sectors affected by the pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel said that the government has brought programs such as old age allowance and salary increment to fulfill the responsibility of the nation and not just to lure fellow voters. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Meanwhile, Governor Maha Prasad Adhikari has stated that the budget target could be achieved as soon as the impact of the coronavirus declines. According to Adhikari, the statistics show that the loan flow from last November to April has reached Rs 700 billion. "Considering the same situation, there will be an economic revival of the 'V' shape," he said.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Finance Secretary Sishir Kumar Dhungana said that the economic growth rate of 6.5 percent aimed by the government is attainable. According to Dhungana, the policy adopted by the government will help achieve the economic growth.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The budget has programmes for relief and rehabilitation," he said, adding, "Which will increase production and create more job opportunities."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the economy that collapsed due to the pandemic will soon return to normal as the government has made vaccination drive against COVID-19 its top priority.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"We have made vaccination our first priority. As soon as the vaccines arrive, our economic activities will return to normal," Dhungana said, “Which is why we have aimed for the economic growth rate of 6.5 percent. A study conducted by Nepal Rastra Bank also states the same. As soon as the market reopens, economic activities will pick up pace and demand will increase, so we can easily achieve the targeted economic growth.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While many are questioning the size of the budget, he said that it was only 11.5 percent of gross domestic product (GDP). According to him, the government is trying to raise internal debt based on international standards.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the implementation of various projects will be expedited in the current fiscal year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Although there are concerns that revenue collection may be affected due to the large tax exemptions, Revenue Secretary Ram Sharan Pudasaini clarified that the exemptions were given mainly to the manufacturing industries, tourism business, small taxpayers and export-oriented industries and for the import of health equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-05-31', 'modified' => '2021-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '13224', 'image' => '20210531043451_20201015115013_1602717511.Clipboard02.jpg', 'article_date' => '2021-05-31 16:33:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$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' => '13493', 'article_category_id' => '1', 'title' => 'Paddy Seeds worth Rs 1.61 Billion Imported this Year', 'sub_title' => '', 'summary' => 'June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.</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 data provided by the Seed Quality Control Center, 34 importer companies have imported a total of 4,149 metric tons of paddy seeds worth Rs 1.61 billion this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Altogether 46 types of seed imported this year include US 311, Champion, Raja, Maharaja, Sawamansuli, Sudha, and Shanti. Bikas Kharel, horticulture officer at the center, informed that among these, 39 varieties were imported from India and the remaining seven varieties were imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Paddy seeds like Savitri, Sonamansuli, Makwanpur and Basmati are produced in Nepal while hybrid seeds are imported from India and China. According to Kharel, larger amounts of seeds are imported from India than China in terms of quantity. A total of 3,961 metric tons of seeds have been imported from India this year, while 188 metric tons of seeds have been imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">About 70,000 metric tons of paddy seeds are required annually for a total of 1.35 million hectares of cultivable land in Nepal. It is estimated that Nepali seed companies produce 10,000 metric tons of paddy seeds annually. Stakeholders say that some farmers use their own local seeds. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/20181228032406_a.jpg" style="height:600px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13238', 'image' => '20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-06-03 15:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13492', 'article_category_id' => '1', 'title' => 'Home Ministry Instructs District Administration Offices to Ease Transportation of Goods ', 'sub_title' => '', 'summary' => 'June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. The Home Ministry has written letters to twenty district administration offices instructing them to facilitate transportation of goods. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The district administration offices of Jhapa, Morang, Bara, Parsa, Rupandehi, Kapilvastu, Banke and those along the major border points have been asked to make arrangements for the transportation and supply of goods to and fro the destination.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Earlier, the government had banned the entry of all vehicles except the ones carrying essential goods into the Kathmandu Valley to control the surge of COVID-19 cases.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Vehicles carrying industrial products even with the customs clearance were not allowed to enter the Kathmandu Valley. The restrictive measures were stepped up following the sharp rise in COVID-19 cases in the valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government had banned the transportation of all items except 21 essential items including food, medicine, medical supplies and equipment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Subodh Kumar Gupta, chairman of the Birgunj chapter of Federation of Nepalese Chambers of Commerce and Industry said that they had to pay detention fees for containers for about a week. “The supply of industrial raw materials and products have been affected after the police administration stopped transport vehicles at checkpoints and highways. The instructions from the Home Ministry would help to ease the supply chain,” said Gupta. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has directed the district administration offices to allow trucks and containers carrying industrial raw materials to reach their destinations. The customs offices had been issuing customs clearance to vehicles carrying goods other than the essential ones as well. Although there was no problem in customs clearance, those vehicles faced problems while transporting the goods. Harihar Poudel, chief customs officer of Birgunj Customs Point, said that this issue has also been resolved with the initiative taken by the Home Ministry.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Birgunj chapter of FNCCI had written to the Home Secretary on Tuesday, June 1, urging him to remove the obstruction on transportation of goods. "Their concern has been addressed for now," said Gupta. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13237', 'image' => '20210603030846_20190410102147_ICP-Birgunj-2.jpg', 'article_date' => '2021-06-03 15:08:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13491', 'article_category_id' => '1', 'title' => 'DoT Releases a List of Hotels to be Used for Quarantine', 'sub_title' => '', 'summary' => 'June 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in quarantine.', '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 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in 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 Department of Tourism (DoT) has made public the list of hotels to be used as quarantine facility. The hotels were selected on the basis of certain criteria.</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 hotels to be used for quarantine are required to completely close the dining area, buffet, gym, sauna, indoor and outdoor games.</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 department has made it clear that such hotels are required to have amenities like 20 rooms, a separate gate for entry, an open space, or a garden for jogging for the individuals in 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"">Additionally, the criteria specify that the hotel should have sufficient open space to provide service to air passengers and for the collection of swab test samples. Likewise, television, Wi-Fi, and an attached bathroom with hot water for bathing and drinking are mandatory. Similarly, the hotels are required to make arrangements to provide food and other services in the room.</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 department has mentioned that soap, toothpaste, brush, hand wash, and towel should be kept in each room for one week. On May 31, the Ministry of Culture, Tourism, and Civil Aviation had implemented the standards that the Nepali and foreign nationals arriving in Nepal from abroad would have to follow. Accordingly, the arriving individuals are required to have a PCR test report taken within 72-hour, document of hotel booking, and stay in a mandatory five-day hotel 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"">An arrangement has also been made to stay at home for 10 days on the recommendation of the concerned hotel and regulatory body after staying in the hotel quarantine for a 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:"Times New Roman"">The ministry has banned quarantine in hotels in densely populated areas including Thamel and Gongabu in Kathmandu. Stating that the risk of spreading coronavirus (Covid-19) infection is high, the ministry has banned quarantine in hotels in these areas.</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 department issued a notice on June 2 stating that five-star hotels like The Soaltee Kathmandu, Shangrila, Radisson, and Hyatt, will be used as quarantine hotels. Hotel Shankar, Hotel Himalaya, and Grand Hotel are the four-star hotels to be used for the quarantine service. As per the decision of the department, five three-star hotels and 51 tourist hotels have been listed for the quarantine facility of the arriving visitors and returnees. Similarly, Park Village and Gokarna Forest Resorts have been listed under the resort category.</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"">Earlier, eight hotels were used for 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 hotel quarantine service is expected to support the hotel sector that has been affected by the Covid-19 pandemic. The government has also encouraged the use of hotels as quarantine in the budget for the upcoming fiscal year. According to a source at the Hotel Association of Nepal (HAN), the government has made the hotel quarantine standard mandatory but it is not likely to be implemented. </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"">"Only a handful of people are arriving from abroad and on the other hand most of the passengers are going to stay in home isolation rather than hotels," the source informed. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13236', 'image' => '20210603124902_20200504104410_20190511105700_Clipboard37 2.jpg', 'article_date' => '2021-06-03 12:48:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13490', 'article_category_id' => '1', 'title' => ' Prohibitory Order in Valley Extended by 10 Days', 'sub_title' => '', 'summary' => 'June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">A joint meeting of the Chief District Officers (CDO) of Kathmandu, Lalitpur and Bhaktapur took the decision to extend the order with some relaxation. </span><br /> <span style="font-family:"Arial Unicode MS"">The order has been extended till June 14. The previous order was expiring on June 4.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According to RSS, the CDOs of the three districts have revoked an earlier decision to ban operation of grocery shops and departmental stores and can now remain open until 9:00 am every day. Earlier, only vegetable shops and other essential services were allowed to open. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, construction work can also resume with boarding facility for the workers and following the prescribed health protocol. Construction materials have to be transported from 9:00 pm to 4:00 am. Human mobility remains prohibited as well as traffic, except for emergency and essential services. </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13235', 'image' => '20210602104030_20210512120931_20200903113103_1599056781.jpg', 'article_date' => '2021-06-02 22:39:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13489', 'article_category_id' => '1', 'title' => 'Unilever Nepal Partners With Nepal Army for ‘Mountain Cleaning Campaign 2021’ ', 'sub_title' => '', 'summary' => 'Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’.', 'content' => '<p>June 2: Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’. </p> <p>Issuing a statement on Wednesday, the multinational company said that the partnership with the Nepal Army for the mountain cleaning campaign is part of its commitment ‘to make sustainable living a common place’. </p> <p>According to the statement, the mountain clean up initiative disposed 5,020 kg of waste, of which 4,720 kg non-biodegradable waste was sent for recycling while remaining 300 kg of bio-degradable waste was disposed through Dhaulagiri Rural Municipality.</p> <p>“The natural world is being lost and damaged at an alarming rate, and to put the same on reverse, Unilever Nepal couldn’t have found a better cause than to clean the revered Mount Dhaulagiri and a more credible partner than the Nepal Army,” the statement quoted Unilever Nepal’s Managing Director Amlan Mukherjee as saying. “We are committed to make sustainable living common place for everyone and will continuously engage in programs like these in the coming days,” he said. </p> <p>Similarly, Brigadier General Himanshu Khadka, Director of the Directorate of National Parks and Wildlife Reserve, also thanked Unilever Nepal for supporting the Mountain Clean Up initiative. “Through this initiative of cleaning the Himalayan ranges you have touched the heart of every Nepali,” the statement quoted Brigadier General Khadka as saying in an event organized at the Army Headquarters in Kathmandu.<br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13234', 'image' => '20210602103709_20210510_074318.jpg', 'article_date' => '2021-06-02 22:35:07', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 5 => array( 'Article' => array( 'id' => '13488', 'article_category_id' => '1', 'title' => 'Province 2 Lags Behind in Terms of Industrial Investment ', 'sub_title' => '', 'summary' => 'June 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. ', '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 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. The survey report shows that despite being connected with major border points and being home to several industrial corridors, it is even behind the remote Karnali Province when it comes to industrial investment.</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"">However, the private sector is not convinced by these government figures. Ganesh Prasad Lath, president of Province 2 chapter of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), claims that the economic survey data is not based on facts.</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"">Birgunj, the major border point in terms of import-export, is in the province 2. It is close to the Indian seaport and transportation of raw materials and readymade goods through this district is also convinient.</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 Birgunj-Pathlaiya Industrial Corridor is considered to be the largest industrial corridor. However, the economic survey shows that Province 2 comes second from the last in terms of attracting industrial investment. </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 data provided by the Ministry of Industry, Commerce and Supplies for the Economic Survey, Province 2 has a total industrial investment of Rs 119 billion while Karnali Province has attracted investment of Rs 131 billion. However, the number of registered industries in Province 2 is 564 while in Karnali it is only 78.</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"">In terms of number of registered industries, Province 2 holds fifth position while Karnali is in the last position. Province 2 is ranked third in the number of small-scale industries. Bagmati province leads the list with a total industrial investment of Rs 224 billion.</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"">Of the 8,384 industries registered with the Department of Industry, Bagmati has the highest number of industries (5,450). </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"">However, the first-ever economic census conducted by the Central Bureau of Statistics shows a different result. </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"">Bagmati Province houses the highest number of industrial establishments which is 282,056. Jagdish Prasad Agrawal, analyst and entrepreneur, says that the contradictory government data has raised doubts over their credibility.</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"">Similarly, Lath states that there is a need for a survey that is based on facts. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13233', 'image' => '20210602051025_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-02 17:09:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13486', 'article_category_id' => '1', 'title' => 'CAAN Announces Special International Flight Schedule for June', 'sub_title' => '', 'summary' => 'June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to a notice issued by the aviation regulatory body of Nepal, the state-owned Nepal Airlines Corporation, Turkish Airways, Qatar Airways, and Air India will be conducting five flights a week from June 3. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Turkish Airways will operate a flight along the Istanbul-Kathmandu route every Thursday from June 3. Likewise, Nepal Airlines and Qatar Airways will operate a flight between Kathmandu and Doha every week on Monday from June 7. Similarly, Both Nepal Airlines and Air India will operate a weekly flight along Kathmandu-Delhi route on Wednesday and Friday under the air bubble agreement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The flight schedule introduced by CAAN for the international route will come into effect from June 1. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The Flight Permission Section of the aviation authority permitted the new flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the notice, Turkish Airlines’ flight to Istanbul will depart on Thursdays at 23:05 NST, Nepal Airlines will operate a flight to Doha at 22:00 NST and Qatar Airways at 11:05 every Monday. Likewise, a Nepal Airlines flight to Delhi will depart from Tribhuvan International Airprt (TIA) at 11:05 NSTon Wednesday and Air India will take off at 15:35 NST every Friday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Meanwhile, Qatar Airways has requested to conduct a chartered flight to Doha from Kathmandu on June 4. The details about the flight permission are yet to come, informs Raj Kumar Chettri, spokesperson for CAAN.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The scheduled flight routine is only valid for June. Airlines will have to strictly follow health protocols while boarding passengers. </span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13232', 'image' => '20210602115245_20151110041343_tia_nepal.jpg', 'article_date' => '2021-06-02 11:52:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13485', 'article_category_id' => '1', 'title' => 'Insurance Regulator Beema Samiti Grants Approval in Principle to Himalayan Reinsurance ', 'sub_title' => '', 'summary' => 'Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance to provide reinsurance service.', 'content' => '<p>June 1: <br /> Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance, allowing the new company to start a process to get the operation license for providing reinsurance services. </p> <p>Raju Raman Paudel, Executive Director at the Beema Samiti, said that the board meeting held recently decided to grant approval in principle to set up a reinsurance company to Himalayan Reinsurance. According to Paudel, a formal letter regarding the decision will be provided to the company within two days.<br /> Five companies had applied for the approval after the Beema Samiti on May 29 called for applications from the private sector to grant approval for the reinsurance company. Kathmandu Reinsurance Company, Annapurna Reinsurance Company, Prudential Reinsurance Company, Himalayan Reinsurance Company and Genuine Reinsurance Company had sought Beema Samiti’s nod to start the process to acquire the operation license. <br /> Beema Samiti officials say that the board decided to choose Himalayan Re which received the highest marks during the evaluation process.</p> <p>After receiving the approval from the board, Himalayan Re will have to register itself at the Office of the Company Registrar. The company should come into operation within six months from the date of receiving the approval.</p> <p><br /> Once the company sets up its infrastructure and office, it should apply for the license with Beema Samiti for the operation license. After carrying out inspection of the infrastructure, Beema Samiti then decides on granting the operation license.<br /> Himalayan Re will have a paid-up capital of Rs 10 billion as required by Beema Samiti. Shekhar Golchha, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Bhawani Rana, the outgoing FNCCI President, former FNCCI President Pashupati Murarka along with other industrialists including Shahil Agrawal and Sulav Agrawal, are said to be major promoters of Himalayan Re. It also has investments from Lucky Group, Dugar Group and Shankar Group. <br /> Currently, there is only one state-owned Nepal Reinsurance Company that is in operation in Nepal. Beema Samiti had started the process to add one more reinsurer from the private sector in line with a recommendation from its committee formed to study the viability of a new reinsurance company. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13231', 'image' => '20210601093819_Beema Samiti.jpg', 'article_date' => '2021-06-01 21:30:39', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '13487', 'article_category_id' => '1', 'title' => 'Government to Extend Prohibitory Order in Kathmandu', 'sub_title' => 'Retail Stores will be Allowed to Open Under New Modality ', 'summary' => 'June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS"">A meeting of the chief district officers of Kathmandu, Lalitpur and Bhaktapur on Tuesday (June 1) decided to give continuity to the prohibitory order issued on May 28, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">According to the CDO of Bhaktapur Prem Prasad Bhattarai, retail and grocery shops as well as food stores and departmental stores will be allowed to open until 9 am each day from June 4 when the new order comes into effect.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">Similarly, development works and construction activities will be allowed under certain conditions. The contractors need to arrange boarding facilities for the workers to undertake construction works. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, vehicles carrying daily essentials and supplies can be operated following a fixed timetable. These activities had been curtailed by the May 28 decision. Other activities shall remain prohibited as per the previous decision. </span><br /> <span style="font-family:"Arial Unicode MS"">The modification comes in the wake of a declining rate of COVID-19 infection across the country since the past few days. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">The ongoing prohibitory order expires on June 3. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13230', 'image' => '20210602115853_20200601121121_lockdown.jpg', 'article_date' => '2021-06-02 11:57:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '13484', 'article_category_id' => '1', 'title' => '800,000 Doses of China-gifted Vaccines Arrive in Kathmandu ', 'sub_title' => '', 'summary' => ' A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. ', 'content' => '<p>June 1: A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. Nepal Airlines, the state-owned airlines, airlifted the vaccines from Beijing on Tuesday.</p> <p>China has decided to provide one million doses of Covid vaccines under its grant assistance following a request from President Bidya Devi Bhandari to her Chinese counterpart Xi Jinping. </p> <p>During a telephone conversation held with President Bhandari on May 26, Chinese President Xi Jinping had announced that China will provide one million doses of Covid-19 vaccines to Nepal under grant assistance. </p> <p>According to a statement of Nepal’s Ministry of Foreign Affairs, the remaining 200,000 doses of the vaccine are being provided to Nepal by the Government of the Tibet Autonomous Region of China. Accordingly, 50,400 doses of the vaccine and syringes have been handed over to the officials of the Ministry of Health and Population on Tuesday morning, and another batch of 50,400 vaccines and syringes is scheduled to arrive in Kathmandu this evening, according to the statement. The consignment of remaining 99,200 vaccines and syringes will arrive in Kathmandu on Wednesday. </p> <p>Though it’s not immediately clear which vaccine China has provided to Nepal, the Department of Drug Administration has authorized only Vero Cell as the vaccine manufactured in China for the emergency use in Nepal. </p> <p>This is the second time that China gifted Covid vaccines to Nepal. Earlier in March, China had provided Nepal 800,000 doses of Vero Cell. <br /> <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13229', 'image' => '20210601052506_20201220030450_Corona3.jpg', 'article_date' => '2021-06-01 17:19:17', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13483', 'article_category_id' => '1', 'title' => 'Exports of Dairy Products Jump 465% as Supply of Ghee to Japan Rises ', 'sub_title' => '', 'summary' => 'Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). ', 'content' => '<p>June 1: Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). <br /> According to the data of National Dairy Development Board (NDDB), the exports of dairy products have surged 465 percent in 10 months of the current fiscal year compared to the corresponding period of the last fiscal year. <br /> Nepal exported dairy products worth Rs 65.6 million this year up from Rs 11.65 million in last year. <br /> Imports of dairy products are still higher than exports. However, the imports have also declined in the review period.<br /> According to the board, the imports of dairy products fell 14.25 percent. The country imported dairy products worth Rs 1.69 billion, down from Rs 1.45 billion. <br /> Dr. Balak Chaudhary, Technical Director at the NDDB, said that the surge in the export of ghee (clarified butter) to Japan has increased the total export receipt from dairy products. The clarified butter exports to Japan rose by 11,115 kg in the first 10 months of the current fiscal year as compared to the same period of last year. This is the highest quantity of clarified butter that Nepal has exported, he said. </p> <p>According to Chaudhary, Japan is becoming a major market for Nepali dairy products thanks to Nepali doing dairy businesses in Japan. </p> <p><br /> <strong>Milk collection limited to 50% </strong><br /> The collection of milk has been limited to 50 percent due to the prohibitory orders imposed in various parts of the country. Organizing a press conference organized on the eve of World Milk Day, the National Dairy Development Board said that the milk collection in the formal sector declined by 50 percent due to the prohibitory orders imposed by the government to control the Covid-19. Speaking at the press meet, Radha Krishna Sapkota, President of the Nepal Dairy Association, said that the dairy sector, which contributes to nearly 9 percent to the country's gross domestic product, is facing various problems due to the pandemic. According to him, dairy businesses have only 41,000 metric tons of powdered milk and 25,000 metric tons of butter in their stock.<br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13228', 'image' => '20210601024754_Ghee.jpg', 'article_date' => '2021-06-01 14:36:42', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '13482', 'article_category_id' => '1', 'title' => 'Private Sector Finds Overall Budget Positive, Points Implementation As Challenge ', 'sub_title' => '', 'summary' => 'The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. ', 'content' => '<p>June 1: The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. </p> <p>The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI) have said that the overall budget program looks promising. However, they have said that the budget did not address some of their key demands.</p> <p>Issuing a statement on Monday, the FNCCI said that priorities accorded in the budget have sent a positive message. The Federation is confident that the removal of excise duty and reduction of customs duty on import of electric vehicles will help in the promotion of environmentally friendly vehicles and replace diesel and petrol powered vehicles. However, the federation said that the implementation of the upcoming year’s budget is more difficult than of previous year.<br /> “Elections have been announced for the fourth month of the upcoming fiscal year and if the vaccination program couldn’t be expanded it will soon invite the third wave of coronavirus. It will prevent the private sector from expanding the business which will add pressure on the revenue system,” read the statement of the FNCCI. </p> <p>Similarly, CNI, in a separate statement, said that provisions like 100 percent income tax exemption to startup businesses, deduction of seed capital investment in startups as expenditure and subsidized loans to youths against academic certificate pledge are commendable. However, the Confederation has stated that such seed capital should have been of Rs 50 million. </p> <p>According to CNI, the budget is aimed at uplifting the economy ravaged by the COVID- 19, improving the industrial environment, increasing private sector investment and generating employment opportunities. It also said that it expects the provision of transferring electricity from power companies to the industries by paying the wheeling charge will reduce the production charge and help in the export of the electricity. It has further said that waiving off electricity demand fees to the industries, hotel and cinema during the period of prohibitory order is also an encouraging move.<br /> Stating that the budget has not been able to address the domestic, small and medium industries affected by the COVID pandemic, CNI also urged the government to address their needs through the monetary policy. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13227', 'image' => '20210601020406_FNCCI_CNi.jpg', 'article_date' => '2021-06-01 13:59:26', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '13481', 'article_category_id' => '1', 'title' => 'Finance Ministry Begins Preparations for Implementation of New Budget ', 'sub_title' => '', 'summary' => 'Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22). ', 'content' => '<p>June 1: Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).</p> <p>According to MoF officials, the MoF has begun the preparation for the budget implementation immediately after unveiling the estimate of revenue and expenditure. <br /> Earlier on Saturday, Minister for Finance Bishnu Prasad Paudel had introduced the budget for the upcoming fiscal year through an ordinance. <br /> MoF officials say that the early preparation would lay a ground to bring desired results from the plans and programmes mentioned in the budget on time.<br /> Finance Minister Paudel on Monday held a meeting with ministers, secretaries and other senior officials of various ministries to discuss the execution of the new budget, according to a statement issued by the MoF. Minister for Physical Infrastructure and Transport Basanta Nembang, Minister for Education, Science and Technology Krishna Gopal Shrestha, Minister for Communications and Information Technology Parbat Gurung along with secretaries were present in the interaction. </p> <p>Finance Minister Bishnu Prasad Poudel directed them to prepare a time-bound action plan as well as other guidelines and working procedures required for the implementation of the provisions, plans and programmes introduced in the budget. <br /> He urged the senior officials to make preparation that will allow them to implement the budget from the beginning of the upcoming fiscal year. The new fiscal year begins from July 16. <br /> “We are serious on implementing the budget. I urge you all to move forward with a clear timetable from the beginning to the completion of plans and programs,” the statement quoted Finance Minister Poudel as saying. “The ministry will assist, coordinate and facilitate the implementation of the budget.”<br /> Stating that it is important to pay special attention to the implementation and its results, Finance Secretary Shishir Kumar Dhungana said that the MoF will look after the management of resources for the projects and programmes included in the budget.<br /> <br /> The MoF plans to hold discussions with various ministries and agencies on budget implementation regularly, according to the statement. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13226', 'image' => '20210601123504_IMG_5049.jpg', 'article_date' => '2021-06-01 12:31:56', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '13480', 'article_category_id' => '1', 'title' => 'Solu Corridor Transmission Line Project Deadline Likely to Be Extended for Sixth Time', 'sub_title' => '', 'summary' => 'As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. ', 'content' => '<p>June 1: As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. </p> <p>The construction had started in September 2016 with a target to complete the project within 30 months. However, the deadline was extended fifth time with a plan to finish the entire construction work by May 2021. </p> <p>Project Chief Janardan Gautam shared that the deadline is likely to be extended for three months. According to Gautam, locals’ obstruction in the construction works is to blame for delay in the project completion though 132 KV transmission line is being developed to export the power generated in the district. </p> <p>It is said that only the foundation work of 292 towers is completed so far though 302 towers are to be constructed from Mirchaiya of Siraha to Tingla of Solukhumbu.</p> <p>Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. The locals have halted the work demanding compensation of their land. <br /> Similarly, the work of fixing electric wires is still left to do in 30 kilometres out of total 90 kilometres. Most of the tasks have come to a halt due to the locals’ obstruction. </p> <p>The Upper Solukhola Hydropower Project that completed its project last year is generating only five megawatt of power out of its capacity of 23.5 megawatt due to lack of transmission line. The power generated from there is linked to 33 KV sub-station at Rumjatar of Okhaldhunga. <br /> --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13225', 'image' => '20210601112810_transmission line.jpg', 'article_date' => '2021-06-01 11:25:46', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '13479', 'article_category_id' => '1', 'title' => 'Finance Minister Assures of Implementing Budget ', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">May 31</span><span style="font-size:10.0pt"><span style="font-family:Times">: </span></span><span style="font-family:"Times New Roman"">Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The finance minister made such remark dismissing concerns over the implementation of the budget brought through ordinance.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Speaking at a press conference organised at the Ministry of Finance on Sunday, Minister Paudel said that the government would implement the budget to achieve the economic growth rate of 6.5 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the finance ministry is starting discussions with various line ministries on budget implementation from Monday (May 31) itself. He clarified that the government did not bring a provisional budget as it did not want to shy away from its duty during the current crisis caused by coronavirus pandemic. He claimed that a full-fledged budget was announced as per the constitutional provisions.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Experts say that the size of the budget has increased as the government tried to introduce a budget which was populist in nature. This poses a serious problem in financial discipline and it would be difficult to implement, according to the experts.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However Minister Paudel said that the government cannot avoid its responsibility towards the country and the people by bringing only a provisional budget in such a time of crisis. “Therefore, we have brought the budget in line with the constitution, and now we are determined to implement it.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Finance Minister Paudel, the budget has given maximum priority to the revival of the economy by providing relief and facilities to the people and businesses affected by COVID-19. The budget has put forth the idea of restoring the economy to its old rhythm and making revitalizing it.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Denying the remark that there was no budget allocated for the election, Minister Paudel said that the government would mobilize all its resources to conduct the upcoming election in a free and fair manner. According to him, the required budget has already been allocated for the election. He said that the budget allocated for the polls will be released to the Election Commission and the security agencies as per the need.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel claimed that the government took the responsibility of increasing the social security allowances including the old age allowance even during the pandemic. He said, "Contribution-based social security fund has already been implemented. Once it is fully implemented, the burden on the government will be greatly reduced. We have not reached the limit where we wouldn’t be able to bear the load right now."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the government has introduced a tax exemption and relief programme in the budget considering the sectors affected by the pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel said that the government has brought programs such as old age allowance and salary increment to fulfill the responsibility of the nation and not just to lure fellow voters. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Meanwhile, Governor Maha Prasad Adhikari has stated that the budget target could be achieved as soon as the impact of the coronavirus declines. According to Adhikari, the statistics show that the loan flow from last November to April has reached Rs 700 billion. "Considering the same situation, there will be an economic revival of the 'V' shape," he said.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Finance Secretary Sishir Kumar Dhungana said that the economic growth rate of 6.5 percent aimed by the government is attainable. According to Dhungana, the policy adopted by the government will help achieve the economic growth.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The budget has programmes for relief and rehabilitation," he said, adding, "Which will increase production and create more job opportunities."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the economy that collapsed due to the pandemic will soon return to normal as the government has made vaccination drive against COVID-19 its top priority.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"We have made vaccination our first priority. As soon as the vaccines arrive, our economic activities will return to normal," Dhungana said, “Which is why we have aimed for the economic growth rate of 6.5 percent. A study conducted by Nepal Rastra Bank also states the same. As soon as the market reopens, economic activities will pick up pace and demand will increase, so we can easily achieve the targeted economic growth.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While many are questioning the size of the budget, he said that it was only 11.5 percent of gross domestic product (GDP). According to him, the government is trying to raise internal debt based on international standards.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the implementation of various projects will be expedited in the current fiscal year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Although there are concerns that revenue collection may be affected due to the large tax exemptions, Revenue Secretary Ram Sharan Pudasaini clarified that the exemptions were given mainly to the manufacturing industries, tourism business, small taxpayers and export-oriented industries and for the import of health equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-05-31', 'modified' => '2021-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '13224', 'image' => '20210531043451_20201015115013_1602717511.Clipboard02.jpg', 'article_date' => '2021-05-31 16:33:52', '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
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Seed importers have imported various hybrid paddy seeds from India and China.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.</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 data provided by the Seed Quality Control Center, 34 importer companies have imported a total of 4,149 metric tons of paddy seeds worth Rs 1.61 billion this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Altogether 46 types of seed imported this year include US 311, Champion, Raja, Maharaja, Sawamansuli, Sudha, and Shanti. Bikas Kharel, horticulture officer at the center, informed that among these, 39 varieties were imported from India and the remaining seven varieties were imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Paddy seeds like Savitri, Sonamansuli, Makwanpur and Basmati are produced in Nepal while hybrid seeds are imported from India and China. According to Kharel, larger amounts of seeds are imported from India than China in terms of quantity. A total of 3,961 metric tons of seeds have been imported from India this year, while 188 metric tons of seeds have been imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">About 70,000 metric tons of paddy seeds are required annually for a total of 1.35 million hectares of cultivable land in Nepal. It is estimated that Nepali seed companies produce 10,000 metric tons of paddy seeds annually. Stakeholders say that some farmers use their own local seeds. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/20181228032406_a.jpg" style="height:600px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13238', 'image' => '20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-06-03 15:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13492', 'article_category_id' => '1', 'title' => 'Home Ministry Instructs District Administration Offices to Ease Transportation of Goods ', 'sub_title' => '', 'summary' => 'June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. The Home Ministry has written letters to twenty district administration offices instructing them to facilitate transportation of goods. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The district administration offices of Jhapa, Morang, Bara, Parsa, Rupandehi, Kapilvastu, Banke and those along the major border points have been asked to make arrangements for the transportation and supply of goods to and fro the destination.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Earlier, the government had banned the entry of all vehicles except the ones carrying essential goods into the Kathmandu Valley to control the surge of COVID-19 cases.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Vehicles carrying industrial products even with the customs clearance were not allowed to enter the Kathmandu Valley. The restrictive measures were stepped up following the sharp rise in COVID-19 cases in the valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government had banned the transportation of all items except 21 essential items including food, medicine, medical supplies and equipment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Subodh Kumar Gupta, chairman of the Birgunj chapter of Federation of Nepalese Chambers of Commerce and Industry said that they had to pay detention fees for containers for about a week. “The supply of industrial raw materials and products have been affected after the police administration stopped transport vehicles at checkpoints and highways. The instructions from the Home Ministry would help to ease the supply chain,” said Gupta. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has directed the district administration offices to allow trucks and containers carrying industrial raw materials to reach their destinations. The customs offices had been issuing customs clearance to vehicles carrying goods other than the essential ones as well. Although there was no problem in customs clearance, those vehicles faced problems while transporting the goods. Harihar Poudel, chief customs officer of Birgunj Customs Point, said that this issue has also been resolved with the initiative taken by the Home Ministry.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Birgunj chapter of FNCCI had written to the Home Secretary on Tuesday, June 1, urging him to remove the obstruction on transportation of goods. "Their concern has been addressed for now," said Gupta. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13237', 'image' => '20210603030846_20190410102147_ICP-Birgunj-2.jpg', 'article_date' => '2021-06-03 15:08:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13491', 'article_category_id' => '1', 'title' => 'DoT Releases a List of Hotels to be Used for Quarantine', 'sub_title' => '', 'summary' => 'June 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in quarantine.', '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 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in 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 Department of Tourism (DoT) has made public the list of hotels to be used as quarantine facility. The hotels were selected on the basis of certain criteria.</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 hotels to be used for quarantine are required to completely close the dining area, buffet, gym, sauna, indoor and outdoor games.</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 department has made it clear that such hotels are required to have amenities like 20 rooms, a separate gate for entry, an open space, or a garden for jogging for the individuals in 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"">Additionally, the criteria specify that the hotel should have sufficient open space to provide service to air passengers and for the collection of swab test samples. Likewise, television, Wi-Fi, and an attached bathroom with hot water for bathing and drinking are mandatory. Similarly, the hotels are required to make arrangements to provide food and other services in the room.</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 department has mentioned that soap, toothpaste, brush, hand wash, and towel should be kept in each room for one week. On May 31, the Ministry of Culture, Tourism, and Civil Aviation had implemented the standards that the Nepali and foreign nationals arriving in Nepal from abroad would have to follow. Accordingly, the arriving individuals are required to have a PCR test report taken within 72-hour, document of hotel booking, and stay in a mandatory five-day hotel 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"">An arrangement has also been made to stay at home for 10 days on the recommendation of the concerned hotel and regulatory body after staying in the hotel quarantine for a 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:"Times New Roman"">The ministry has banned quarantine in hotels in densely populated areas including Thamel and Gongabu in Kathmandu. Stating that the risk of spreading coronavirus (Covid-19) infection is high, the ministry has banned quarantine in hotels in these areas.</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 department issued a notice on June 2 stating that five-star hotels like The Soaltee Kathmandu, Shangrila, Radisson, and Hyatt, will be used as quarantine hotels. Hotel Shankar, Hotel Himalaya, and Grand Hotel are the four-star hotels to be used for the quarantine service. As per the decision of the department, five three-star hotels and 51 tourist hotels have been listed for the quarantine facility of the arriving visitors and returnees. Similarly, Park Village and Gokarna Forest Resorts have been listed under the resort category.</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"">Earlier, eight hotels were used for 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 hotel quarantine service is expected to support the hotel sector that has been affected by the Covid-19 pandemic. The government has also encouraged the use of hotels as quarantine in the budget for the upcoming fiscal year. According to a source at the Hotel Association of Nepal (HAN), the government has made the hotel quarantine standard mandatory but it is not likely to be implemented. </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"">"Only a handful of people are arriving from abroad and on the other hand most of the passengers are going to stay in home isolation rather than hotels," the source informed. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13236', 'image' => '20210603124902_20200504104410_20190511105700_Clipboard37 2.jpg', 'article_date' => '2021-06-03 12:48:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13490', 'article_category_id' => '1', 'title' => ' Prohibitory Order in Valley Extended by 10 Days', 'sub_title' => '', 'summary' => 'June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">A joint meeting of the Chief District Officers (CDO) of Kathmandu, Lalitpur and Bhaktapur took the decision to extend the order with some relaxation. </span><br /> <span style="font-family:"Arial Unicode MS"">The order has been extended till June 14. The previous order was expiring on June 4.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According to RSS, the CDOs of the three districts have revoked an earlier decision to ban operation of grocery shops and departmental stores and can now remain open until 9:00 am every day. Earlier, only vegetable shops and other essential services were allowed to open. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, construction work can also resume with boarding facility for the workers and following the prescribed health protocol. Construction materials have to be transported from 9:00 pm to 4:00 am. Human mobility remains prohibited as well as traffic, except for emergency and essential services. </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13235', 'image' => '20210602104030_20210512120931_20200903113103_1599056781.jpg', 'article_date' => '2021-06-02 22:39:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13489', 'article_category_id' => '1', 'title' => 'Unilever Nepal Partners With Nepal Army for ‘Mountain Cleaning Campaign 2021’ ', 'sub_title' => '', 'summary' => 'Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’.', 'content' => '<p>June 2: Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’. </p> <p>Issuing a statement on Wednesday, the multinational company said that the partnership with the Nepal Army for the mountain cleaning campaign is part of its commitment ‘to make sustainable living a common place’. </p> <p>According to the statement, the mountain clean up initiative disposed 5,020 kg of waste, of which 4,720 kg non-biodegradable waste was sent for recycling while remaining 300 kg of bio-degradable waste was disposed through Dhaulagiri Rural Municipality.</p> <p>“The natural world is being lost and damaged at an alarming rate, and to put the same on reverse, Unilever Nepal couldn’t have found a better cause than to clean the revered Mount Dhaulagiri and a more credible partner than the Nepal Army,” the statement quoted Unilever Nepal’s Managing Director Amlan Mukherjee as saying. “We are committed to make sustainable living common place for everyone and will continuously engage in programs like these in the coming days,” he said. </p> <p>Similarly, Brigadier General Himanshu Khadka, Director of the Directorate of National Parks and Wildlife Reserve, also thanked Unilever Nepal for supporting the Mountain Clean Up initiative. “Through this initiative of cleaning the Himalayan ranges you have touched the heart of every Nepali,” the statement quoted Brigadier General Khadka as saying in an event organized at the Army Headquarters in Kathmandu.<br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13234', 'image' => '20210602103709_20210510_074318.jpg', 'article_date' => '2021-06-02 22:35:07', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 5 => array( 'Article' => array( 'id' => '13488', 'article_category_id' => '1', 'title' => 'Province 2 Lags Behind in Terms of Industrial Investment ', 'sub_title' => '', 'summary' => 'June 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. ', '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 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. The survey report shows that despite being connected with major border points and being home to several industrial corridors, it is even behind the remote Karnali Province when it comes to industrial investment.</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"">However, the private sector is not convinced by these government figures. Ganesh Prasad Lath, president of Province 2 chapter of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), claims that the economic survey data is not based on facts.</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"">Birgunj, the major border point in terms of import-export, is in the province 2. It is close to the Indian seaport and transportation of raw materials and readymade goods through this district is also convinient.</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 Birgunj-Pathlaiya Industrial Corridor is considered to be the largest industrial corridor. However, the economic survey shows that Province 2 comes second from the last in terms of attracting industrial investment. </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 data provided by the Ministry of Industry, Commerce and Supplies for the Economic Survey, Province 2 has a total industrial investment of Rs 119 billion while Karnali Province has attracted investment of Rs 131 billion. However, the number of registered industries in Province 2 is 564 while in Karnali it is only 78.</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"">In terms of number of registered industries, Province 2 holds fifth position while Karnali is in the last position. Province 2 is ranked third in the number of small-scale industries. Bagmati province leads the list with a total industrial investment of Rs 224 billion.</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"">Of the 8,384 industries registered with the Department of Industry, Bagmati has the highest number of industries (5,450). </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"">However, the first-ever economic census conducted by the Central Bureau of Statistics shows a different result. </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"">Bagmati Province houses the highest number of industrial establishments which is 282,056. Jagdish Prasad Agrawal, analyst and entrepreneur, says that the contradictory government data has raised doubts over their credibility.</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"">Similarly, Lath states that there is a need for a survey that is based on facts. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13233', 'image' => '20210602051025_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-02 17:09:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13486', 'article_category_id' => '1', 'title' => 'CAAN Announces Special International Flight Schedule for June', 'sub_title' => '', 'summary' => 'June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to a notice issued by the aviation regulatory body of Nepal, the state-owned Nepal Airlines Corporation, Turkish Airways, Qatar Airways, and Air India will be conducting five flights a week from June 3. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Turkish Airways will operate a flight along the Istanbul-Kathmandu route every Thursday from June 3. Likewise, Nepal Airlines and Qatar Airways will operate a flight between Kathmandu and Doha every week on Monday from June 7. Similarly, Both Nepal Airlines and Air India will operate a weekly flight along Kathmandu-Delhi route on Wednesday and Friday under the air bubble agreement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The flight schedule introduced by CAAN for the international route will come into effect from June 1. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The Flight Permission Section of the aviation authority permitted the new flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the notice, Turkish Airlines’ flight to Istanbul will depart on Thursdays at 23:05 NST, Nepal Airlines will operate a flight to Doha at 22:00 NST and Qatar Airways at 11:05 every Monday. Likewise, a Nepal Airlines flight to Delhi will depart from Tribhuvan International Airprt (TIA) at 11:05 NSTon Wednesday and Air India will take off at 15:35 NST every Friday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Meanwhile, Qatar Airways has requested to conduct a chartered flight to Doha from Kathmandu on June 4. The details about the flight permission are yet to come, informs Raj Kumar Chettri, spokesperson for CAAN.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The scheduled flight routine is only valid for June. Airlines will have to strictly follow health protocols while boarding passengers. </span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13232', 'image' => '20210602115245_20151110041343_tia_nepal.jpg', 'article_date' => '2021-06-02 11:52:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13485', 'article_category_id' => '1', 'title' => 'Insurance Regulator Beema Samiti Grants Approval in Principle to Himalayan Reinsurance ', 'sub_title' => '', 'summary' => 'Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance to provide reinsurance service.', 'content' => '<p>June 1: <br /> Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance, allowing the new company to start a process to get the operation license for providing reinsurance services. </p> <p>Raju Raman Paudel, Executive Director at the Beema Samiti, said that the board meeting held recently decided to grant approval in principle to set up a reinsurance company to Himalayan Reinsurance. According to Paudel, a formal letter regarding the decision will be provided to the company within two days.<br /> Five companies had applied for the approval after the Beema Samiti on May 29 called for applications from the private sector to grant approval for the reinsurance company. Kathmandu Reinsurance Company, Annapurna Reinsurance Company, Prudential Reinsurance Company, Himalayan Reinsurance Company and Genuine Reinsurance Company had sought Beema Samiti’s nod to start the process to acquire the operation license. <br /> Beema Samiti officials say that the board decided to choose Himalayan Re which received the highest marks during the evaluation process.</p> <p>After receiving the approval from the board, Himalayan Re will have to register itself at the Office of the Company Registrar. The company should come into operation within six months from the date of receiving the approval.</p> <p><br /> Once the company sets up its infrastructure and office, it should apply for the license with Beema Samiti for the operation license. After carrying out inspection of the infrastructure, Beema Samiti then decides on granting the operation license.<br /> Himalayan Re will have a paid-up capital of Rs 10 billion as required by Beema Samiti. Shekhar Golchha, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Bhawani Rana, the outgoing FNCCI President, former FNCCI President Pashupati Murarka along with other industrialists including Shahil Agrawal and Sulav Agrawal, are said to be major promoters of Himalayan Re. It also has investments from Lucky Group, Dugar Group and Shankar Group. <br /> Currently, there is only one state-owned Nepal Reinsurance Company that is in operation in Nepal. Beema Samiti had started the process to add one more reinsurer from the private sector in line with a recommendation from its committee formed to study the viability of a new reinsurance company. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13231', 'image' => '20210601093819_Beema Samiti.jpg', 'article_date' => '2021-06-01 21:30:39', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '13487', 'article_category_id' => '1', 'title' => 'Government to Extend Prohibitory Order in Kathmandu', 'sub_title' => 'Retail Stores will be Allowed to Open Under New Modality ', 'summary' => 'June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS"">A meeting of the chief district officers of Kathmandu, Lalitpur and Bhaktapur on Tuesday (June 1) decided to give continuity to the prohibitory order issued on May 28, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">According to the CDO of Bhaktapur Prem Prasad Bhattarai, retail and grocery shops as well as food stores and departmental stores will be allowed to open until 9 am each day from June 4 when the new order comes into effect.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">Similarly, development works and construction activities will be allowed under certain conditions. The contractors need to arrange boarding facilities for the workers to undertake construction works. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, vehicles carrying daily essentials and supplies can be operated following a fixed timetable. These activities had been curtailed by the May 28 decision. Other activities shall remain prohibited as per the previous decision. </span><br /> <span style="font-family:"Arial Unicode MS"">The modification comes in the wake of a declining rate of COVID-19 infection across the country since the past few days. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">The ongoing prohibitory order expires on June 3. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13230', 'image' => '20210602115853_20200601121121_lockdown.jpg', 'article_date' => '2021-06-02 11:57:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '13484', 'article_category_id' => '1', 'title' => '800,000 Doses of China-gifted Vaccines Arrive in Kathmandu ', 'sub_title' => '', 'summary' => ' A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. ', 'content' => '<p>June 1: A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. Nepal Airlines, the state-owned airlines, airlifted the vaccines from Beijing on Tuesday.</p> <p>China has decided to provide one million doses of Covid vaccines under its grant assistance following a request from President Bidya Devi Bhandari to her Chinese counterpart Xi Jinping. </p> <p>During a telephone conversation held with President Bhandari on May 26, Chinese President Xi Jinping had announced that China will provide one million doses of Covid-19 vaccines to Nepal under grant assistance. </p> <p>According to a statement of Nepal’s Ministry of Foreign Affairs, the remaining 200,000 doses of the vaccine are being provided to Nepal by the Government of the Tibet Autonomous Region of China. Accordingly, 50,400 doses of the vaccine and syringes have been handed over to the officials of the Ministry of Health and Population on Tuesday morning, and another batch of 50,400 vaccines and syringes is scheduled to arrive in Kathmandu this evening, according to the statement. The consignment of remaining 99,200 vaccines and syringes will arrive in Kathmandu on Wednesday. </p> <p>Though it’s not immediately clear which vaccine China has provided to Nepal, the Department of Drug Administration has authorized only Vero Cell as the vaccine manufactured in China for the emergency use in Nepal. </p> <p>This is the second time that China gifted Covid vaccines to Nepal. Earlier in March, China had provided Nepal 800,000 doses of Vero Cell. <br /> <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13229', 'image' => '20210601052506_20201220030450_Corona3.jpg', 'article_date' => '2021-06-01 17:19:17', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13483', 'article_category_id' => '1', 'title' => 'Exports of Dairy Products Jump 465% as Supply of Ghee to Japan Rises ', 'sub_title' => '', 'summary' => 'Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). ', 'content' => '<p>June 1: Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). <br /> According to the data of National Dairy Development Board (NDDB), the exports of dairy products have surged 465 percent in 10 months of the current fiscal year compared to the corresponding period of the last fiscal year. <br /> Nepal exported dairy products worth Rs 65.6 million this year up from Rs 11.65 million in last year. <br /> Imports of dairy products are still higher than exports. However, the imports have also declined in the review period.<br /> According to the board, the imports of dairy products fell 14.25 percent. The country imported dairy products worth Rs 1.69 billion, down from Rs 1.45 billion. <br /> Dr. Balak Chaudhary, Technical Director at the NDDB, said that the surge in the export of ghee (clarified butter) to Japan has increased the total export receipt from dairy products. The clarified butter exports to Japan rose by 11,115 kg in the first 10 months of the current fiscal year as compared to the same period of last year. This is the highest quantity of clarified butter that Nepal has exported, he said. </p> <p>According to Chaudhary, Japan is becoming a major market for Nepali dairy products thanks to Nepali doing dairy businesses in Japan. </p> <p><br /> <strong>Milk collection limited to 50% </strong><br /> The collection of milk has been limited to 50 percent due to the prohibitory orders imposed in various parts of the country. Organizing a press conference organized on the eve of World Milk Day, the National Dairy Development Board said that the milk collection in the formal sector declined by 50 percent due to the prohibitory orders imposed by the government to control the Covid-19. Speaking at the press meet, Radha Krishna Sapkota, President of the Nepal Dairy Association, said that the dairy sector, which contributes to nearly 9 percent to the country's gross domestic product, is facing various problems due to the pandemic. According to him, dairy businesses have only 41,000 metric tons of powdered milk and 25,000 metric tons of butter in their stock.<br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13228', 'image' => '20210601024754_Ghee.jpg', 'article_date' => '2021-06-01 14:36:42', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '13482', 'article_category_id' => '1', 'title' => 'Private Sector Finds Overall Budget Positive, Points Implementation As Challenge ', 'sub_title' => '', 'summary' => 'The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. ', 'content' => '<p>June 1: The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. </p> <p>The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI) have said that the overall budget program looks promising. However, they have said that the budget did not address some of their key demands.</p> <p>Issuing a statement on Monday, the FNCCI said that priorities accorded in the budget have sent a positive message. The Federation is confident that the removal of excise duty and reduction of customs duty on import of electric vehicles will help in the promotion of environmentally friendly vehicles and replace diesel and petrol powered vehicles. However, the federation said that the implementation of the upcoming year’s budget is more difficult than of previous year.<br /> “Elections have been announced for the fourth month of the upcoming fiscal year and if the vaccination program couldn’t be expanded it will soon invite the third wave of coronavirus. It will prevent the private sector from expanding the business which will add pressure on the revenue system,” read the statement of the FNCCI. </p> <p>Similarly, CNI, in a separate statement, said that provisions like 100 percent income tax exemption to startup businesses, deduction of seed capital investment in startups as expenditure and subsidized loans to youths against academic certificate pledge are commendable. However, the Confederation has stated that such seed capital should have been of Rs 50 million. </p> <p>According to CNI, the budget is aimed at uplifting the economy ravaged by the COVID- 19, improving the industrial environment, increasing private sector investment and generating employment opportunities. It also said that it expects the provision of transferring electricity from power companies to the industries by paying the wheeling charge will reduce the production charge and help in the export of the electricity. It has further said that waiving off electricity demand fees to the industries, hotel and cinema during the period of prohibitory order is also an encouraging move.<br /> Stating that the budget has not been able to address the domestic, small and medium industries affected by the COVID pandemic, CNI also urged the government to address their needs through the monetary policy. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13227', 'image' => '20210601020406_FNCCI_CNi.jpg', 'article_date' => '2021-06-01 13:59:26', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '13481', 'article_category_id' => '1', 'title' => 'Finance Ministry Begins Preparations for Implementation of New Budget ', 'sub_title' => '', 'summary' => 'Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22). ', 'content' => '<p>June 1: Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).</p> <p>According to MoF officials, the MoF has begun the preparation for the budget implementation immediately after unveiling the estimate of revenue and expenditure. <br /> Earlier on Saturday, Minister for Finance Bishnu Prasad Paudel had introduced the budget for the upcoming fiscal year through an ordinance. <br /> MoF officials say that the early preparation would lay a ground to bring desired results from the plans and programmes mentioned in the budget on time.<br /> Finance Minister Paudel on Monday held a meeting with ministers, secretaries and other senior officials of various ministries to discuss the execution of the new budget, according to a statement issued by the MoF. Minister for Physical Infrastructure and Transport Basanta Nembang, Minister for Education, Science and Technology Krishna Gopal Shrestha, Minister for Communications and Information Technology Parbat Gurung along with secretaries were present in the interaction. </p> <p>Finance Minister Bishnu Prasad Poudel directed them to prepare a time-bound action plan as well as other guidelines and working procedures required for the implementation of the provisions, plans and programmes introduced in the budget. <br /> He urged the senior officials to make preparation that will allow them to implement the budget from the beginning of the upcoming fiscal year. The new fiscal year begins from July 16. <br /> “We are serious on implementing the budget. I urge you all to move forward with a clear timetable from the beginning to the completion of plans and programs,” the statement quoted Finance Minister Poudel as saying. “The ministry will assist, coordinate and facilitate the implementation of the budget.”<br /> Stating that it is important to pay special attention to the implementation and its results, Finance Secretary Shishir Kumar Dhungana said that the MoF will look after the management of resources for the projects and programmes included in the budget.<br /> <br /> The MoF plans to hold discussions with various ministries and agencies on budget implementation regularly, according to the statement. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13226', 'image' => '20210601123504_IMG_5049.jpg', 'article_date' => '2021-06-01 12:31:56', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '13480', 'article_category_id' => '1', 'title' => 'Solu Corridor Transmission Line Project Deadline Likely to Be Extended for Sixth Time', 'sub_title' => '', 'summary' => 'As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. ', 'content' => '<p>June 1: As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. </p> <p>The construction had started in September 2016 with a target to complete the project within 30 months. However, the deadline was extended fifth time with a plan to finish the entire construction work by May 2021. </p> <p>Project Chief Janardan Gautam shared that the deadline is likely to be extended for three months. According to Gautam, locals’ obstruction in the construction works is to blame for delay in the project completion though 132 KV transmission line is being developed to export the power generated in the district. </p> <p>It is said that only the foundation work of 292 towers is completed so far though 302 towers are to be constructed from Mirchaiya of Siraha to Tingla of Solukhumbu.</p> <p>Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. The locals have halted the work demanding compensation of their land. <br /> Similarly, the work of fixing electric wires is still left to do in 30 kilometres out of total 90 kilometres. Most of the tasks have come to a halt due to the locals’ obstruction. </p> <p>The Upper Solukhola Hydropower Project that completed its project last year is generating only five megawatt of power out of its capacity of 23.5 megawatt due to lack of transmission line. The power generated from there is linked to 33 KV sub-station at Rumjatar of Okhaldhunga. <br /> --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13225', 'image' => '20210601112810_transmission line.jpg', 'article_date' => '2021-06-01 11:25:46', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '13479', 'article_category_id' => '1', 'title' => 'Finance Minister Assures of Implementing Budget ', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">May 31</span><span style="font-size:10.0pt"><span style="font-family:Times">: </span></span><span style="font-family:"Times New Roman"">Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The finance minister made such remark dismissing concerns over the implementation of the budget brought through ordinance.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Speaking at a press conference organised at the Ministry of Finance on Sunday, Minister Paudel said that the government would implement the budget to achieve the economic growth rate of 6.5 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the finance ministry is starting discussions with various line ministries on budget implementation from Monday (May 31) itself. He clarified that the government did not bring a provisional budget as it did not want to shy away from its duty during the current crisis caused by coronavirus pandemic. He claimed that a full-fledged budget was announced as per the constitutional provisions.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Experts say that the size of the budget has increased as the government tried to introduce a budget which was populist in nature. This poses a serious problem in financial discipline and it would be difficult to implement, according to the experts.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However Minister Paudel said that the government cannot avoid its responsibility towards the country and the people by bringing only a provisional budget in such a time of crisis. “Therefore, we have brought the budget in line with the constitution, and now we are determined to implement it.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Finance Minister Paudel, the budget has given maximum priority to the revival of the economy by providing relief and facilities to the people and businesses affected by COVID-19. The budget has put forth the idea of restoring the economy to its old rhythm and making revitalizing it.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Denying the remark that there was no budget allocated for the election, Minister Paudel said that the government would mobilize all its resources to conduct the upcoming election in a free and fair manner. According to him, the required budget has already been allocated for the election. He said that the budget allocated for the polls will be released to the Election Commission and the security agencies as per the need.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel claimed that the government took the responsibility of increasing the social security allowances including the old age allowance even during the pandemic. He said, "Contribution-based social security fund has already been implemented. Once it is fully implemented, the burden on the government will be greatly reduced. We have not reached the limit where we wouldn’t be able to bear the load right now."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the government has introduced a tax exemption and relief programme in the budget considering the sectors affected by the pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel said that the government has brought programs such as old age allowance and salary increment to fulfill the responsibility of the nation and not just to lure fellow voters. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Meanwhile, Governor Maha Prasad Adhikari has stated that the budget target could be achieved as soon as the impact of the coronavirus declines. According to Adhikari, the statistics show that the loan flow from last November to April has reached Rs 700 billion. "Considering the same situation, there will be an economic revival of the 'V' shape," he said.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Finance Secretary Sishir Kumar Dhungana said that the economic growth rate of 6.5 percent aimed by the government is attainable. According to Dhungana, the policy adopted by the government will help achieve the economic growth.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The budget has programmes for relief and rehabilitation," he said, adding, "Which will increase production and create more job opportunities."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the economy that collapsed due to the pandemic will soon return to normal as the government has made vaccination drive against COVID-19 its top priority.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"We have made vaccination our first priority. As soon as the vaccines arrive, our economic activities will return to normal," Dhungana said, “Which is why we have aimed for the economic growth rate of 6.5 percent. A study conducted by Nepal Rastra Bank also states the same. As soon as the market reopens, economic activities will pick up pace and demand will increase, so we can easily achieve the targeted economic growth.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While many are questioning the size of the budget, he said that it was only 11.5 percent of gross domestic product (GDP). According to him, the government is trying to raise internal debt based on international standards.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the implementation of various projects will be expedited in the current fiscal year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Although there are concerns that revenue collection may be affected due to the large tax exemptions, Revenue Secretary Ram Sharan Pudasaini clarified that the exemptions were given mainly to the manufacturing industries, tourism business, small taxpayers and export-oriented industries and for the import of health equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-05-31', 'modified' => '2021-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '13224', 'image' => '20210531043451_20201015115013_1602717511.Clipboard02.jpg', 'article_date' => '2021-05-31 16:33:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$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' => '13493', 'article_category_id' => '1', 'title' => 'Paddy Seeds worth Rs 1.61 Billion Imported this Year', 'sub_title' => '', 'summary' => 'June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: Nepal has imported paddy seeds worth Rs 1.61 billion for this year’s plantation. Seed importers have imported various hybrid paddy seeds from India and China.</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 data provided by the Seed Quality Control Center, 34 importer companies have imported a total of 4,149 metric tons of paddy seeds worth Rs 1.61 billion this year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Altogether 46 types of seed imported this year include US 311, Champion, Raja, Maharaja, Sawamansuli, Sudha, and Shanti. Bikas Kharel, horticulture officer at the center, informed that among these, 39 varieties were imported from India and the remaining seven varieties were imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Paddy seeds like Savitri, Sonamansuli, Makwanpur and Basmati are produced in Nepal while hybrid seeds are imported from India and China. According to Kharel, larger amounts of seeds are imported from India than China in terms of quantity. A total of 3,961 metric tons of seeds have been imported from India this year, while 188 metric tons of seeds have been imported from China.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">About 70,000 metric tons of paddy seeds are required annually for a total of 1.35 million hectares of cultivable land in Nepal. It is estimated that Nepali seed companies produce 10,000 metric tons of paddy seeds annually. Stakeholders say that some farmers use their own local seeds. </span></span></span></p> <p><img alt="" src="/app/webroot/userfiles/images/20181228032406_a.jpg" style="height:600px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13238', 'image' => '20210603031456_20210512035550_20181125011444_pady-1024x682.jpg', 'article_date' => '2021-06-03 15:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '13492', 'article_category_id' => '1', 'title' => 'Home Ministry Instructs District Administration Offices to Ease Transportation of Goods ', 'sub_title' => '', 'summary' => 'June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">June 3: The Ministry of Home Affairs has instructed district administrations not to obstruct vehicles used for transporting goods along the highways. The Home Ministry has written letters to twenty district administration offices instructing them to facilitate transportation of goods. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The district administration offices of Jhapa, Morang, Bara, Parsa, Rupandehi, Kapilvastu, Banke and those along the major border points have been asked to make arrangements for the transportation and supply of goods to and fro the destination.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Earlier, the government had banned the entry of all vehicles except the ones carrying essential goods into the Kathmandu Valley to control the surge of COVID-19 cases.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Vehicles carrying industrial products even with the customs clearance were not allowed to enter the Kathmandu Valley. The restrictive measures were stepped up following the sharp rise in COVID-19 cases in the valley.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The government had banned the transportation of all items except 21 essential items including food, medicine, medical supplies and equipment. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Subodh Kumar Gupta, chairman of the Birgunj chapter of Federation of Nepalese Chambers of Commerce and Industry said that they had to pay detention fees for containers for about a week. “The supply of industrial raw materials and products have been affected after the police administration stopped transport vehicles at checkpoints and highways. The instructions from the Home Ministry would help to ease the supply chain,” said Gupta. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The ministry has directed the district administration offices to allow trucks and containers carrying industrial raw materials to reach their destinations. The customs offices had been issuing customs clearance to vehicles carrying goods other than the essential ones as well. Although there was no problem in customs clearance, those vehicles faced problems while transporting the goods. Harihar Poudel, chief customs officer of Birgunj Customs Point, said that this issue has also been resolved with the initiative taken by the Home Ministry.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The Birgunj chapter of FNCCI had written to the Home Secretary on Tuesday, June 1, urging him to remove the obstruction on transportation of goods. "Their concern has been addressed for now," said Gupta. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13237', 'image' => '20210603030846_20190410102147_ICP-Birgunj-2.jpg', 'article_date' => '2021-06-03 15:08:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '13491', 'article_category_id' => '1', 'title' => 'DoT Releases a List of Hotels to be Used for Quarantine', 'sub_title' => '', 'summary' => 'June 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in quarantine.', '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 3: With the resumption of flights to three different countries, the government has prepared a list of hotels for keeping people arriving from abroad in 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 Department of Tourism (DoT) has made public the list of hotels to be used as quarantine facility. The hotels were selected on the basis of certain criteria.</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 hotels to be used for quarantine are required to completely close the dining area, buffet, gym, sauna, indoor and outdoor games.</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 department has made it clear that such hotels are required to have amenities like 20 rooms, a separate gate for entry, an open space, or a garden for jogging for the individuals in 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"">Additionally, the criteria specify that the hotel should have sufficient open space to provide service to air passengers and for the collection of swab test samples. Likewise, television, Wi-Fi, and an attached bathroom with hot water for bathing and drinking are mandatory. Similarly, the hotels are required to make arrangements to provide food and other services in the room.</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 department has mentioned that soap, toothpaste, brush, hand wash, and towel should be kept in each room for one week. On May 31, the Ministry of Culture, Tourism, and Civil Aviation had implemented the standards that the Nepali and foreign nationals arriving in Nepal from abroad would have to follow. Accordingly, the arriving individuals are required to have a PCR test report taken within 72-hour, document of hotel booking, and stay in a mandatory five-day hotel 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"">An arrangement has also been made to stay at home for 10 days on the recommendation of the concerned hotel and regulatory body after staying in the hotel quarantine for a 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:"Times New Roman"">The ministry has banned quarantine in hotels in densely populated areas including Thamel and Gongabu in Kathmandu. Stating that the risk of spreading coronavirus (Covid-19) infection is high, the ministry has banned quarantine in hotels in these areas.</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 department issued a notice on June 2 stating that five-star hotels like The Soaltee Kathmandu, Shangrila, Radisson, and Hyatt, will be used as quarantine hotels. Hotel Shankar, Hotel Himalaya, and Grand Hotel are the four-star hotels to be used for the quarantine service. As per the decision of the department, five three-star hotels and 51 tourist hotels have been listed for the quarantine facility of the arriving visitors and returnees. Similarly, Park Village and Gokarna Forest Resorts have been listed under the resort category.</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"">Earlier, eight hotels were used for 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 hotel quarantine service is expected to support the hotel sector that has been affected by the Covid-19 pandemic. The government has also encouraged the use of hotels as quarantine in the budget for the upcoming fiscal year. According to a source at the Hotel Association of Nepal (HAN), the government has made the hotel quarantine standard mandatory but it is not likely to be implemented. </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"">"Only a handful of people are arriving from abroad and on the other hand most of the passengers are going to stay in home isolation rather than hotels," the source informed. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-03', 'modified' => '2021-06-03', 'keywords' => '', 'description' => '', 'sortorder' => '13236', 'image' => '20210603124902_20200504104410_20190511105700_Clipboard37 2.jpg', 'article_date' => '2021-06-03 12:48:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '13490', 'article_category_id' => '1', 'title' => ' Prohibitory Order in Valley Extended by 10 Days', 'sub_title' => '', 'summary' => 'June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 2: The prohibitory order in effect in Kathmandu valley has been extended by another 10 days, according to the state-owned national news agency RSS. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">A joint meeting of the Chief District Officers (CDO) of Kathmandu, Lalitpur and Bhaktapur took the decision to extend the order with some relaxation. </span><br /> <span style="font-family:"Arial Unicode MS"">The order has been extended till June 14. The previous order was expiring on June 4.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">According to RSS, the CDOs of the three districts have revoked an earlier decision to ban operation of grocery shops and departmental stores and can now remain open until 9:00 am every day. Earlier, only vegetable shops and other essential services were allowed to open. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, construction work can also resume with boarding facility for the workers and following the prescribed health protocol. Construction materials have to be transported from 9:00 pm to 4:00 am. Human mobility remains prohibited as well as traffic, except for emergency and essential services. </span><br /> </span></span></p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13235', 'image' => '20210602104030_20210512120931_20200903113103_1599056781.jpg', 'article_date' => '2021-06-02 22:39:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '13489', 'article_category_id' => '1', 'title' => 'Unilever Nepal Partners With Nepal Army for ‘Mountain Cleaning Campaign 2021’ ', 'sub_title' => '', 'summary' => 'Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’.', 'content' => '<p>June 2: Unilever Nepal has partnered with the Nepal Army in the ‘Mountain Cleaning Campaign 2021’. </p> <p>Issuing a statement on Wednesday, the multinational company said that the partnership with the Nepal Army for the mountain cleaning campaign is part of its commitment ‘to make sustainable living a common place’. </p> <p>According to the statement, the mountain clean up initiative disposed 5,020 kg of waste, of which 4,720 kg non-biodegradable waste was sent for recycling while remaining 300 kg of bio-degradable waste was disposed through Dhaulagiri Rural Municipality.</p> <p>“The natural world is being lost and damaged at an alarming rate, and to put the same on reverse, Unilever Nepal couldn’t have found a better cause than to clean the revered Mount Dhaulagiri and a more credible partner than the Nepal Army,” the statement quoted Unilever Nepal’s Managing Director Amlan Mukherjee as saying. “We are committed to make sustainable living common place for everyone and will continuously engage in programs like these in the coming days,” he said. </p> <p>Similarly, Brigadier General Himanshu Khadka, Director of the Directorate of National Parks and Wildlife Reserve, also thanked Unilever Nepal for supporting the Mountain Clean Up initiative. “Through this initiative of cleaning the Himalayan ranges you have touched the heart of every Nepali,” the statement quoted Brigadier General Khadka as saying in an event organized at the Army Headquarters in Kathmandu.<br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13234', 'image' => '20210602103709_20210510_074318.jpg', 'article_date' => '2021-06-02 22:35:07', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 5 => array( 'Article' => array( 'id' => '13488', 'article_category_id' => '1', 'title' => 'Province 2 Lags Behind in Terms of Industrial Investment ', 'sub_title' => '', 'summary' => 'June 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. ', '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 2: Province 2 is lagging behind significantly in terms of industrial investment, according to the economic survey recently published by the government. The survey report shows that despite being connected with major border points and being home to several industrial corridors, it is even behind the remote Karnali Province when it comes to industrial investment.</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"">However, the private sector is not convinced by these government figures. Ganesh Prasad Lath, president of Province 2 chapter of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), claims that the economic survey data is not based on facts.</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"">Birgunj, the major border point in terms of import-export, is in the province 2. It is close to the Indian seaport and transportation of raw materials and readymade goods through this district is also convinient.</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 Birgunj-Pathlaiya Industrial Corridor is considered to be the largest industrial corridor. However, the economic survey shows that Province 2 comes second from the last in terms of attracting industrial investment. </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 data provided by the Ministry of Industry, Commerce and Supplies for the Economic Survey, Province 2 has a total industrial investment of Rs 119 billion while Karnali Province has attracted investment of Rs 131 billion. However, the number of registered industries in Province 2 is 564 while in Karnali it is only 78.</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"">In terms of number of registered industries, Province 2 holds fifth position while Karnali is in the last position. Province 2 is ranked third in the number of small-scale industries. Bagmati province leads the list with a total industrial investment of Rs 224 billion.</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"">Of the 8,384 industries registered with the Department of Industry, Bagmati has the highest number of industries (5,450). </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"">However, the first-ever economic census conducted by the Central Bureau of Statistics shows a different result. </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"">Bagmati Province houses the highest number of industrial establishments which is 282,056. Jagdish Prasad Agrawal, analyst and entrepreneur, says that the contradictory government data has raised doubts over their credibility.</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"">Similarly, Lath states that there is a need for a survey that is based on facts. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13233', 'image' => '20210602051025_20210118020708_1610926784.Clipboard08.jpg', 'article_date' => '2021-06-02 17:09:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '13486', 'article_category_id' => '1', 'title' => 'CAAN Announces Special International Flight Schedule for June', 'sub_title' => '', 'summary' => 'June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">June 2: The Civil Aviation Authority of Nepal (CAAN) has announced a special flight schedule for June in line with the cabinet decision taken on May 27. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to a notice issued by the aviation regulatory body of Nepal, the state-owned Nepal Airlines Corporation, Turkish Airways, Qatar Airways, and Air India will be conducting five flights a week from June 3. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Turkish Airways will operate a flight along the Istanbul-Kathmandu route every Thursday from June 3. Likewise, Nepal Airlines and Qatar Airways will operate a flight between Kathmandu and Doha every week on Monday from June 7. Similarly, Both Nepal Airlines and Air India will operate a weekly flight along Kathmandu-Delhi route on Wednesday and Friday under the air bubble agreement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The flight schedule introduced by CAAN for the international route will come into effect from June 1. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The Flight Permission Section of the aviation authority permitted the new flight schedule.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the notice, Turkish Airlines’ flight to Istanbul will depart on Thursdays at 23:05 NST, Nepal Airlines will operate a flight to Doha at 22:00 NST and Qatar Airways at 11:05 every Monday. Likewise, a Nepal Airlines flight to Delhi will depart from Tribhuvan International Airprt (TIA) at 11:05 NSTon Wednesday and Air India will take off at 15:35 NST every Friday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Meanwhile, Qatar Airways has requested to conduct a chartered flight to Doha from Kathmandu on June 4. The details about the flight permission are yet to come, informs Raj Kumar Chettri, spokesperson for CAAN.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The scheduled flight routine is only valid for June. Airlines will have to strictly follow health protocols while boarding passengers. </span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13232', 'image' => '20210602115245_20151110041343_tia_nepal.jpg', 'article_date' => '2021-06-02 11:52:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '13485', 'article_category_id' => '1', 'title' => 'Insurance Regulator Beema Samiti Grants Approval in Principle to Himalayan Reinsurance ', 'sub_title' => '', 'summary' => 'Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance to provide reinsurance service.', 'content' => '<p>June 1: <br /> Beema Samiti—the insurance regulatory authority of the country—has decided to grant approval in principle to Himalayan Reinsurance, allowing the new company to start a process to get the operation license for providing reinsurance services. </p> <p>Raju Raman Paudel, Executive Director at the Beema Samiti, said that the board meeting held recently decided to grant approval in principle to set up a reinsurance company to Himalayan Reinsurance. According to Paudel, a formal letter regarding the decision will be provided to the company within two days.<br /> Five companies had applied for the approval after the Beema Samiti on May 29 called for applications from the private sector to grant approval for the reinsurance company. Kathmandu Reinsurance Company, Annapurna Reinsurance Company, Prudential Reinsurance Company, Himalayan Reinsurance Company and Genuine Reinsurance Company had sought Beema Samiti’s nod to start the process to acquire the operation license. <br /> Beema Samiti officials say that the board decided to choose Himalayan Re which received the highest marks during the evaluation process.</p> <p>After receiving the approval from the board, Himalayan Re will have to register itself at the Office of the Company Registrar. The company should come into operation within six months from the date of receiving the approval.</p> <p><br /> Once the company sets up its infrastructure and office, it should apply for the license with Beema Samiti for the operation license. After carrying out inspection of the infrastructure, Beema Samiti then decides on granting the operation license.<br /> Himalayan Re will have a paid-up capital of Rs 10 billion as required by Beema Samiti. Shekhar Golchha, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Bhawani Rana, the outgoing FNCCI President, former FNCCI President Pashupati Murarka along with other industrialists including Shahil Agrawal and Sulav Agrawal, are said to be major promoters of Himalayan Re. It also has investments from Lucky Group, Dugar Group and Shankar Group. <br /> Currently, there is only one state-owned Nepal Reinsurance Company that is in operation in Nepal. Beema Samiti had started the process to add one more reinsurer from the private sector in line with a recommendation from its committee formed to study the viability of a new reinsurance company. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13231', 'image' => '20210601093819_Beema Samiti.jpg', 'article_date' => '2021-06-01 21:30:39', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 8 => array( 'Article' => array( 'id' => '13487', 'article_category_id' => '1', 'title' => 'Government to Extend Prohibitory Order in Kathmandu', 'sub_title' => 'Retail Stores will be Allowed to Open Under New Modality ', 'summary' => 'June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">June 1: Government authorities have decided to extend the ongoing prohibitory order in Kathmandu valley for at least a week with slight modifications, according to the state-owned national news agency RSS. </span><br /> <span style="font-family:"Arial Unicode MS"">A meeting of the chief district officers of Kathmandu, Lalitpur and Bhaktapur on Tuesday (June 1) decided to give continuity to the prohibitory order issued on May 28, RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS"">According to the CDO of Bhaktapur Prem Prasad Bhattarai, retail and grocery shops as well as food stores and departmental stores will be allowed to open until 9 am each day from June 4 when the new order comes into effect.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">Similarly, development works and construction activities will be allowed under certain conditions. The contractors need to arrange boarding facilities for the workers to undertake construction works. </span><br /> <span style="font-family:"Arial Unicode MS"">Likewise, vehicles carrying daily essentials and supplies can be operated following a fixed timetable. These activities had been curtailed by the May 28 decision. Other activities shall remain prohibited as per the previous decision. </span><br /> <span style="font-family:"Arial Unicode MS"">The modification comes in the wake of a declining rate of COVID-19 infection across the country since the past few days. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Cambria"><span style="font-family:"Arial Unicode MS"">The ongoing prohibitory order expires on June 3. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2021-06-02', 'modified' => '2021-06-02', 'keywords' => '', 'description' => '', 'sortorder' => '13230', 'image' => '20210602115853_20200601121121_lockdown.jpg', 'article_date' => '2021-06-02 11:57:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '13484', 'article_category_id' => '1', 'title' => '800,000 Doses of China-gifted Vaccines Arrive in Kathmandu ', 'sub_title' => '', 'summary' => ' A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. ', 'content' => '<p>June 1: A consignment of 800,000 doses of COVID-19 vaccines gifted by China has arrived in Kathmandu. Nepal Airlines, the state-owned airlines, airlifted the vaccines from Beijing on Tuesday.</p> <p>China has decided to provide one million doses of Covid vaccines under its grant assistance following a request from President Bidya Devi Bhandari to her Chinese counterpart Xi Jinping. </p> <p>During a telephone conversation held with President Bhandari on May 26, Chinese President Xi Jinping had announced that China will provide one million doses of Covid-19 vaccines to Nepal under grant assistance. </p> <p>According to a statement of Nepal’s Ministry of Foreign Affairs, the remaining 200,000 doses of the vaccine are being provided to Nepal by the Government of the Tibet Autonomous Region of China. Accordingly, 50,400 doses of the vaccine and syringes have been handed over to the officials of the Ministry of Health and Population on Tuesday morning, and another batch of 50,400 vaccines and syringes is scheduled to arrive in Kathmandu this evening, according to the statement. The consignment of remaining 99,200 vaccines and syringes will arrive in Kathmandu on Wednesday. </p> <p>Though it’s not immediately clear which vaccine China has provided to Nepal, the Department of Drug Administration has authorized only Vero Cell as the vaccine manufactured in China for the emergency use in Nepal. </p> <p>This is the second time that China gifted Covid vaccines to Nepal. Earlier in March, China had provided Nepal 800,000 doses of Vero Cell. <br /> <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13229', 'image' => '20210601052506_20201220030450_Corona3.jpg', 'article_date' => '2021-06-01 17:19:17', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 10 => array( 'Article' => array( 'id' => '13483', 'article_category_id' => '1', 'title' => 'Exports of Dairy Products Jump 465% as Supply of Ghee to Japan Rises ', 'sub_title' => '', 'summary' => 'Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). ', 'content' => '<p>June 1: Exports of dairy products have jumped 465 percent in the first ten months of the current fiscal year (2020/21). <br /> According to the data of National Dairy Development Board (NDDB), the exports of dairy products have surged 465 percent in 10 months of the current fiscal year compared to the corresponding period of the last fiscal year. <br /> Nepal exported dairy products worth Rs 65.6 million this year up from Rs 11.65 million in last year. <br /> Imports of dairy products are still higher than exports. However, the imports have also declined in the review period.<br /> According to the board, the imports of dairy products fell 14.25 percent. The country imported dairy products worth Rs 1.69 billion, down from Rs 1.45 billion. <br /> Dr. Balak Chaudhary, Technical Director at the NDDB, said that the surge in the export of ghee (clarified butter) to Japan has increased the total export receipt from dairy products. The clarified butter exports to Japan rose by 11,115 kg in the first 10 months of the current fiscal year as compared to the same period of last year. This is the highest quantity of clarified butter that Nepal has exported, he said. </p> <p>According to Chaudhary, Japan is becoming a major market for Nepali dairy products thanks to Nepali doing dairy businesses in Japan. </p> <p><br /> <strong>Milk collection limited to 50% </strong><br /> The collection of milk has been limited to 50 percent due to the prohibitory orders imposed in various parts of the country. Organizing a press conference organized on the eve of World Milk Day, the National Dairy Development Board said that the milk collection in the formal sector declined by 50 percent due to the prohibitory orders imposed by the government to control the Covid-19. Speaking at the press meet, Radha Krishna Sapkota, President of the Nepal Dairy Association, said that the dairy sector, which contributes to nearly 9 percent to the country's gross domestic product, is facing various problems due to the pandemic. According to him, dairy businesses have only 41,000 metric tons of powdered milk and 25,000 metric tons of butter in their stock.<br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13228', 'image' => '20210601024754_Ghee.jpg', 'article_date' => '2021-06-01 14:36:42', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 11 => array( 'Article' => array( 'id' => '13482', 'article_category_id' => '1', 'title' => 'Private Sector Finds Overall Budget Positive, Points Implementation As Challenge ', 'sub_title' => '', 'summary' => 'The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. ', 'content' => '<p>June 1: The private sector has provided a mixed response on the federal budget for the fiscal year 2021/22. </p> <p>The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI) have said that the overall budget program looks promising. However, they have said that the budget did not address some of their key demands.</p> <p>Issuing a statement on Monday, the FNCCI said that priorities accorded in the budget have sent a positive message. The Federation is confident that the removal of excise duty and reduction of customs duty on import of electric vehicles will help in the promotion of environmentally friendly vehicles and replace diesel and petrol powered vehicles. However, the federation said that the implementation of the upcoming year’s budget is more difficult than of previous year.<br /> “Elections have been announced for the fourth month of the upcoming fiscal year and if the vaccination program couldn’t be expanded it will soon invite the third wave of coronavirus. It will prevent the private sector from expanding the business which will add pressure on the revenue system,” read the statement of the FNCCI. </p> <p>Similarly, CNI, in a separate statement, said that provisions like 100 percent income tax exemption to startup businesses, deduction of seed capital investment in startups as expenditure and subsidized loans to youths against academic certificate pledge are commendable. However, the Confederation has stated that such seed capital should have been of Rs 50 million. </p> <p>According to CNI, the budget is aimed at uplifting the economy ravaged by the COVID- 19, improving the industrial environment, increasing private sector investment and generating employment opportunities. It also said that it expects the provision of transferring electricity from power companies to the industries by paying the wheeling charge will reduce the production charge and help in the export of the electricity. It has further said that waiving off electricity demand fees to the industries, hotel and cinema during the period of prohibitory order is also an encouraging move.<br /> Stating that the budget has not been able to address the domestic, small and medium industries affected by the COVID pandemic, CNI also urged the government to address their needs through the monetary policy. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13227', 'image' => '20210601020406_FNCCI_CNi.jpg', 'article_date' => '2021-06-01 13:59:26', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 12 => array( 'Article' => array( 'id' => '13481', 'article_category_id' => '1', 'title' => 'Finance Ministry Begins Preparations for Implementation of New Budget ', 'sub_title' => '', 'summary' => 'Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22). ', 'content' => '<p>June 1: Ministry of Finance (MoF) has started preparation for the implementation of the budget for the upcoming fiscal year (2021/22).</p> <p>According to MoF officials, the MoF has begun the preparation for the budget implementation immediately after unveiling the estimate of revenue and expenditure. <br /> Earlier on Saturday, Minister for Finance Bishnu Prasad Paudel had introduced the budget for the upcoming fiscal year through an ordinance. <br /> MoF officials say that the early preparation would lay a ground to bring desired results from the plans and programmes mentioned in the budget on time.<br /> Finance Minister Paudel on Monday held a meeting with ministers, secretaries and other senior officials of various ministries to discuss the execution of the new budget, according to a statement issued by the MoF. Minister for Physical Infrastructure and Transport Basanta Nembang, Minister for Education, Science and Technology Krishna Gopal Shrestha, Minister for Communications and Information Technology Parbat Gurung along with secretaries were present in the interaction. </p> <p>Finance Minister Bishnu Prasad Poudel directed them to prepare a time-bound action plan as well as other guidelines and working procedures required for the implementation of the provisions, plans and programmes introduced in the budget. <br /> He urged the senior officials to make preparation that will allow them to implement the budget from the beginning of the upcoming fiscal year. The new fiscal year begins from July 16. <br /> “We are serious on implementing the budget. I urge you all to move forward with a clear timetable from the beginning to the completion of plans and programs,” the statement quoted Finance Minister Poudel as saying. “The ministry will assist, coordinate and facilitate the implementation of the budget.”<br /> Stating that it is important to pay special attention to the implementation and its results, Finance Secretary Shishir Kumar Dhungana said that the MoF will look after the management of resources for the projects and programmes included in the budget.<br /> <br /> The MoF plans to hold discussions with various ministries and agencies on budget implementation regularly, according to the statement. </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13226', 'image' => '20210601123504_IMG_5049.jpg', 'article_date' => '2021-06-01 12:31:56', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '35' ) ), (int) 13 => array( 'Article' => array( 'id' => '13480', 'article_category_id' => '1', 'title' => 'Solu Corridor Transmission Line Project Deadline Likely to Be Extended for Sixth Time', 'sub_title' => '', 'summary' => 'As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. ', 'content' => '<p>June 1: As the construction work of Solu corridor 132 KV transmission line is yet to be completed, project officials are working to extend the project completion deadline for the sixth time. </p> <p>The construction had started in September 2016 with a target to complete the project within 30 months. However, the deadline was extended fifth time with a plan to finish the entire construction work by May 2021. </p> <p>Project Chief Janardan Gautam shared that the deadline is likely to be extended for three months. According to Gautam, locals’ obstruction in the construction works is to blame for delay in the project completion though 132 KV transmission line is being developed to export the power generated in the district. </p> <p>It is said that only the foundation work of 292 towers is completed so far though 302 towers are to be constructed from Mirchaiya of Siraha to Tingla of Solukhumbu.</p> <p>Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. Gautam shared that locals in Maruwa of Udayapur district have obstructed the construction works in the sites for developing 10 other towers. The locals have halted the work demanding compensation of their land. <br /> Similarly, the work of fixing electric wires is still left to do in 30 kilometres out of total 90 kilometres. Most of the tasks have come to a halt due to the locals’ obstruction. </p> <p>The Upper Solukhola Hydropower Project that completed its project last year is generating only five megawatt of power out of its capacity of 23.5 megawatt due to lack of transmission line. The power generated from there is linked to 33 KV sub-station at Rumjatar of Okhaldhunga. <br /> --RSS <br /> </p> ', 'published' => true, 'created' => '2021-06-01', 'modified' => '2021-06-01', 'keywords' => '', 'description' => '', 'sortorder' => '13225', 'image' => '20210601112810_transmission line.jpg', 'article_date' => '2021-06-01 11:25:46', 'homepage' => true, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '35' ) ), (int) 14 => array( 'Article' => array( 'id' => '13479', 'article_category_id' => '1', 'title' => 'Finance Minister Assures of Implementing Budget ', 'sub_title' => '', 'summary' => 'May 31: Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">May 31</span><span style="font-size:10.0pt"><span style="font-family:Times">: </span></span><span style="font-family:"Times New Roman"">Finance Minister Bishnu Prasad Poudel has assured that the government will implement the budget for the upcoming fiscal year which was announced on May 29.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">The finance minister made such remark dismissing concerns over the implementation of the budget brought through ordinance.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Speaking at a press conference organised at the Ministry of Finance on Sunday, Minister Paudel said that the government would implement the budget to achieve the economic growth rate of 6.5 percent. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the finance ministry is starting discussions with various line ministries on budget implementation from Monday (May 31) itself. He clarified that the government did not bring a provisional budget as it did not want to shy away from its duty during the current crisis caused by coronavirus pandemic. He claimed that a full-fledged budget was announced as per the constitutional provisions.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Experts say that the size of the budget has increased as the government tried to introduce a budget which was populist in nature. This poses a serious problem in financial discipline and it would be difficult to implement, according to the experts.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">However Minister Paudel said that the government cannot avoid its responsibility towards the country and the people by bringing only a provisional budget in such a time of crisis. “Therefore, we have brought the budget in line with the constitution, and now we are determined to implement it.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Finance Minister Paudel, the budget has given maximum priority to the revival of the economy by providing relief and facilities to the people and businesses affected by COVID-19. The budget has put forth the idea of restoring the economy to its old rhythm and making revitalizing it.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Denying the remark that there was no budget allocated for the election, Minister Paudel said that the government would mobilize all its resources to conduct the upcoming election in a free and fair manner. According to him, the required budget has already been allocated for the election. He said that the budget allocated for the polls will be released to the Election Commission and the security agencies as per the need.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel claimed that the government took the responsibility of increasing the social security allowances including the old age allowance even during the pandemic. He said, "Contribution-based social security fund has already been implemented. Once it is fully implemented, the burden on the government will be greatly reduced. We have not reached the limit where we wouldn’t be able to bear the load right now."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to him, the government has introduced a tax exemption and relief programme in the budget considering the sectors affected by the pandemic.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Minister Paudel said that the government has brought programs such as old age allowance and salary increment to fulfill the responsibility of the nation and not just to lure fellow voters. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Meanwhile, Governor Maha Prasad Adhikari has stated that the budget target could be achieved as soon as the impact of the coronavirus declines. According to Adhikari, the statistics show that the loan flow from last November to April has reached Rs 700 billion. "Considering the same situation, there will be an economic revival of the 'V' shape," he said.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Finance Secretary Sishir Kumar Dhungana said that the economic growth rate of 6.5 percent aimed by the government is attainable. According to Dhungana, the policy adopted by the government will help achieve the economic growth.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"The budget has programmes for relief and rehabilitation," he said, adding, "Which will increase production and create more job opportunities."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the economy that collapsed due to the pandemic will soon return to normal as the government has made vaccination drive against COVID-19 its top priority.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">"We have made vaccination our first priority. As soon as the vaccines arrive, our economic activities will return to normal," Dhungana said, “Which is why we have aimed for the economic growth rate of 6.5 percent. A study conducted by Nepal Rastra Bank also states the same. As soon as the market reopens, economic activities will pick up pace and demand will increase, so we can easily achieve the targeted economic growth.”</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">While many are questioning the size of the budget, he said that it was only 11.5 percent of gross domestic product (GDP). According to him, the government is trying to raise internal debt based on international standards.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">According to Dhungana, the implementation of various projects will be expedited in the current fiscal year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-family:"Times New Roman"">Although there are concerns that revenue collection may be affected due to the large tax exemptions, Revenue Secretary Ram Sharan Pudasaini clarified that the exemptions were given mainly to the manufacturing industries, tourism business, small taxpayers and export-oriented industries and for the import of health equipment.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2021-05-31', 'modified' => '2021-05-31', 'keywords' => '', 'description' => '', 'sortorder' => '13224', 'image' => '20210531043451_20201015115013_1602717511.Clipboard02.jpg', 'article_date' => '2021-05-31 16:33:52', '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