NEWS

Kokhajor Project to be the 1st HEP to be constructed under MoE

Dec 27, 2016 0 46 seconds to read

December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about…

Vitara Brezzra Bags 3 Awards

Dec 27, 2016 0 51 seconds to read

December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers' Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and…

Gandaki Approves Bonus Share

Dec 27, 2016 0 40 seconds to read

December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its…

Mobile Expo at Mercantile Plaza

Dec 27, 2016 0 55 seconds to read

December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World…

NB Bank's Branch in Jhalari

Dec 27, 2016 0 20 seconds to read

December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the…

NMB Bank starts issuing EMV Chip Cards

Dec 26, 2016 0 34 seconds to read

December 26: NMB Bank has started issuing chip based Debit, Credit and International Dollar Card. Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today’s world.…

Nepal-Bangladesh Power Trade Agreement within the current month

Dec 26, 2016 0 1 minutes 26 seconds to read

December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and…

Nepal SBI Bank's FPO from Today

Dec 26, 2016 1 58 seconds to read

December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January…

Groups Lobbying Hard to Appoint Insurance Board Chairman

Dec 26, 2016 0 1 minutes 42 seconds to read

December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's…

Glucovita Distributing Free Sample of 'Glucovita Bolts'

Dec 26, 2016 0 51 seconds to read

December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its…

Samata Microfinance to issue General Shares

Dec 26, 2016 0 27 seconds to read

December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10th annual general meeting of the company held on December 24 approved the proposal of issuing the general…

Newroad Mobile Expo from December 28

Dec 26, 2016 0 1 minutes 27 seconds to read

December 26: Nepal Mobile Traders Association is organising 'Newroad Mobile Expo 2073' in Newroad, also known as 'Mobile Hub', from December 28 to January 3. The main sponsor of the mobile expo is…

SEBON Approves 11 BFIs for ASBA Implementation

Dec 25, 2016 0 53 seconds to read

December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application…

Toshiba Launches 3 New Products in Nepali Market

Dec 25, 2016 0 1 minutes 13 seconds to read

December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December…

NEA Importing Additional Electricity from India to End Power Cut

Dec 25, 2016 0 1 minutes 13 seconds to read

December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'title' => 'Kokhajor Project to be the 1st HEP to be constructed under MoE',
			'sub_title' => '',
			'summary' => 'December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.',
			'content' => '<p style="text-align: justify;">December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.</p>

<p style="text-align: justify;">Feasibility on the construction of a reservoir project has been identified on the Kokhajor River situated at the boarder of Sindhuli and Kavrepalanchowk districts. The capacity of the hydropower project is estimated to be 111MW. The locals of Sindhuli are pressurizing the government for early construction of the hydropower. &nbsp;Kokhajor is the one of the 50 projects indentified as big and pumped storage projects of Nepal in 5<sup>th</sup> International Conference on Water resources and Hydropower development in Asia held in Sri Lanka on 2014. &nbsp;</p>
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			'title' => 'Vitara Brezzra Bags 3 Awards',
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			'summary' => 'December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers' Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.',
			'content' => '<p style="text-align:justify">December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers&#39; Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.</p>

<p style="text-align:justify">Vitara Brezza comes with a 1,248cc turbocharged diesel engine with 5-speed manual transmission.&nbsp; The engine installed in Vitara Brezza can generate 90 PS power and 200 Nm of Maximum torque. As per the company, the car features a smart play infotainment system with Apple Car Play, cruise control and anti-pinch guard power window. The other features of the car includes dual airbags, ABS, Suzuki&rsquo;s innovative TECT system that adds to the safety design, steering mounted control and parking sensor with camera.</p>
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			'id' => '5018',
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			'title' => 'Gandaki Approves Bonus Share',
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			'summary' => 'December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13<sup>th</sup> annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">Moreover, the AGM also endorsed the proposal of increasing its issue and paid-up capital along with the proposal of amending its article of association and statute. &quot;The meeting approved the special proposal of maintaining its promoter:general shareholders ratio to 51:49 from 70:30,&quot; informed Chabindra Nath Sharma, CEO of the bank.</p>

<p style="text-align: justify;">Presently, Gandaki Bikash Bank is in last phase of merger process with Fewa Bikash Bank which is also headquartered in Pokhara.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '5016',
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			'title' => 'Mobile Expo at Mercantile Plaza',
			'sub_title' => '',
			'summary' => 'December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.',
			'content' => '<p style="text-align: justify;">December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.</p>

<p style="text-align: justify;">&quot;Discounts on the purchase of all brands of mobile phones and mobile repairing within one hour are the main attraction of the expo,&quot; said Alive Glider, Managing Director of Apple World Mobile. The Apple World Mobile and CTV Care are jointly operating &#39;One-Hour Mobile Care Service&#39; in the expo.</p>

<p style="text-align: justify;">During the expo, customers can exchange their old mobile of any brand with a new one. &quot;The mobile expo will have all brands of mobile phones that are available in the Nepali market in a price range of Rs 1,200 to Rs 130,000,&quot; said Glider who is also the conveyor of the event. The expo that started from Christmas will last till 15 days.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '5015',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch in Jhalari',
			'sub_title' => '',
			'summary' => 'December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.',
			'content' => '<p style="text-align: justify;">December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.</p>

<p style="text-align: justify;">With the addition, the bank is providing its services through 37 branches, 2 extension counters, 7 branchless banking services and 36 ATM counters.&nbsp;</p>
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			'id' => '5014',
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			'title' => 'NMB Bank starts issuing EMV Chip Cards',
			'sub_title' => '',
			'summary' => 'December 26: NMB Bank has started issuing chip based Debit, Credit and   International Dollar Card.   Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today’s world. ',
			'content' => '<p style="text-align: justify;">December 26: NMB Bank&nbsp;has started issuing chip based Debit, Credit and &nbsp; International Dollar Card.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today&rsquo;s world.&nbsp;</p>

<p style="text-align: justify;">&quot;Each time the chip card is used, the transaction data changes using complex algorithm, making it difficult to copy or counterfeit the card. The new chip-enabled cards will improve security of customer transactions when using the card abroad and at home&quot; reads the statement.</p>
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			'title' => 'Nepal-Bangladesh Power Trade Agreement within the current month',
			'sub_title' => '',
			'summary' => 'December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.',
			'content' => '<p style="text-align: justify;">December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.</p>

<p style="text-align: justify;">According to a source at MoE, the major agenda of the agreement will be whether the government companies (including joint ventures) on government level or through private company or through any other power trading company will trade the power between the two countries. Previously, Bangladeshi Prime Minister Sheikh Hasina Wazed expressed &#39;keen interest &#39; in developing large hydropower projects in Nepal during a meeting with Energy Minister Janardan Sharma in Dhaka on December 8. Bangladesh with a plan to purchase electricity from Nepal, proposed Rs 100 billion investments in hydro sector of Nepal. The bilateral agreement is the result of the proposed investment made by Bangladesh on the energy sector of Nepal.</p>

<p style="text-align: justify;">Bangladesh has also proposed of forming a joint task force in order to discuss whether to make joint investment in energy sector or to purchase electricity produced in Nepal or to adopt any other alternative.</p>

<p style="text-align: justify;">Presently, Bangladesh is producing 15000 MW of electricity. Similarly, Bangladesh predicts increase in electricity demand to 35,000 MW by 2030. &ldquo;For the fulfillment of the demand, the investment and power trade process with the neighboring countries is being forwarded,&rdquo; said Mashfee Binte Shams, Bangladesh Ambassador for Nepal addressing the power summit held on December 15.</p>

<p style="text-align: justify;">&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
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			'id' => '5012',
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			'title' => 'Nepal SBI Bank's FPO from Today',
			'sub_title' => '',
			'summary' => 'December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.',
			'content' => '<p style="text-align: justify;">December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.</p>

<p style="text-align: justify;">NMB Capital has been appointed as Issue Manager by the bank. The interested investors can apply from share registrar NMB Capital, all the branch offices of Nepal SBI Bank and Nepal SBI Merchant Banking. After the issuance, the paid-up capital of the bank will reach Rs 3.89 billion. ICRA Nepal has granted &#39;ICRA Nepal IPO Grade 2&#39; to the issuance.</p>

<p style="text-align: justify;">Nepal SBI is floating the FPO in a bid to maintain its promoter: general shareholder ratio to 70:30. By the first quarter of the current FY, the bank earned Rs 350 million net profit. The bank has earning per share (EPS)of Rs 36.48 and net worth of 188.79.&nbsp;</p>
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		'Article' => array(
			'id' => '5011',
			'article_category_id' => '1',
			'title' => 'Groups Lobbying Hard to Appoint Insurance Board Chairman',
			'sub_title' => '',
			'summary' => 'December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's chairman.',
			'content' => '<p style="text-align:justify">December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board&#39;s chairman.</p>

<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. &nbsp;</p>

<p style="text-align:justify">After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.</p>

<p style="text-align:justify">Dr KC who got appointed during then Finance Minister Dr Baburam Bhattrai spent 8 years in IB as the Chairman. However, he didn&#39;t get additional tenure citing unsupportive toward Maoist Centre. Presently, as the Ministry of Finance is under Maoist Centre, the Maoist party is trying hard to bring Maoist supporter to the post. Similarly, there is another group lobbying to bring a Chairman who is well known of the insurance sector. As per the source, there is much possibility that the IB will get a new Chairman on Monday.</p>

<p style="text-align:justify">Moreover, various business houses are also lobbying in the Chairman appointment process of the IB. According to the sources, business houses are offering up to Rs 20 million for the post and deals are accordingly being conducted. &nbsp;As per the sources, the business houses are influencing the appointment process as it will give them ease in restructuring the insurance regulation as per their requirement.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'Glucovita Distributing Free Sample of 'Glucovita Bolts'',
			'sub_title' => '',
			'summary' => 'December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.',
			'content' => '<p style="text-align: justify;">December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.</p>

<p style="text-align: justify;">According to the company, Glucovita Bolts with glucose and iron gives instant energy for body and brain anytime and anywhere.</p>

<p style="text-align: justify;">&quot;Be it football match that leaves your child exhausted or a surprise quiz that challenges the mind, you never know when your child needs instant energy. That&#39;s why you need Glucovita Bolts. Offering an instant recharge- before, after or during any activity, Glucovita Bolts helps children power through any situation, be it mental or physical,&quot; reads the statement.</p>

<p style="text-align: justify;">The Glucovita Bolts are available in orange and strawberry taste in the market with a price tag of Rs 20.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4824',
			'image' => '20161226120421_glucovita-bolts-orange.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5009',
			'article_category_id' => '1',
			'title' => 'Samata Microfinance to issue General Shares',
			'sub_title' => '',
			'summary' => 'December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10th annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.',
			'content' => '<p style="text-align: justify;">December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10<sup>th</sup> annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.</p>

<p style="text-align: justify;">Similarly, the AGM also endorsed the proposal of expanding its work area. &quot;The organisation mobilising nearly Rs 250 million earned Rs 10 million net profit,&quot; said Dammar Mani Thebe Limbu, Chairman of the company.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4823',
			'image' => '20161226113653_samata.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5008',
			'article_category_id' => '1',
			'title' => 'Newroad Mobile Expo from December 28',
			'sub_title' => '',
			'summary' => 'December 26: Nepal Mobile Traders Association is organising 'Newroad Mobile Expo 2073' in Newroad, also known as 'Mobile Hub', from December 28 to January 3. The main sponsor of the mobile expo is Ncell.',
			'content' => '<p style="text-align: justify;">December 26: Nepal Mobile Traders Association is organising &#39;Newroad Mobile Expo 2073&#39; in Newroad, also known as &#39;Mobile Hub&#39;, from December 28 to January 3. The main sponsor of the mobile expo is Ncell.</p>

<p style="text-align: justify;">According to the organiser, the expo that is being organised with a slogan &#39;Jahaan Mobile Bazaar Tyahaan Mobile Mahotsav&#39; is aimed at selling superior mobile phones and save customers from frauds. Moreover, the expo also aims on disseminating information on new technology that is available in the market.</p>

<p style="text-align: justify;">Purushottam Basnet, President of the association and conveyor of the expo claimed that the expo will be grand and historic till date. He informed of finishing all the expo preparations.</p>

<p style="text-align: justify;">As per the organiser, the expo will start from Newroad Gate. Newroad will be decorated by various tools, banners and LCD screen. Big LCD screens installed at Pipalbot will be providing latest technological and brand information to the customers. For the convenience of customers in getting food and coffee, mobile food-court will be mobilised in various places.</p>

<p style="text-align: justify;">&quot;On the occasion of the expo, various schemes have been launched on the purchase of mobile phones for the customers,&quot; said Aabiskar Lal Shrestha, co-conveyor of the expo. &quot;Every customer will be getting sure shot prizes. In the expo, all smart-phone purchasers will be given free Ncell SIM and 100MB data,&quot; he said. &quot;The customers can also win smart-phone through daily lucky draw.&quot;</p>

<p style="text-align: justify;">The expo will have separate kids zone and gaming zone. &nbsp;Shrestha claims that the expo will be visited by more than 300,000 visitors daily. &nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4822',
			'image' => '20161226112119_newroad mobile expo.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5007',
			'article_category_id' => '1',
			'title' => 'SEBON Approves 11 BFIs for ASBA Implementation',
			'sub_title' => '',
			'summary' => 'December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application contain',
			'content' => '<p style="text-align: justify;">December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. Additional 6 BFIs have applied to SEBON for carrying out the system. As per the board, approvals will be given soon after a detail study of the applications.</p>

<p style="text-align: justify;">The board has given approval to Century Commercial, Sunrise, Kailash Bikash, Ace Development, Citizens International, Sanima, Laxmi Bank, Sanima Bank, Siddhartha &nbsp;Bank, NIC Asia Bank, NB Bank and Kumari Bank for the implementation of ASBA. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4821',
			'image' => '20161225041913_ASBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5006',
			'article_category_id' => '1',
			'title' => 'Toshiba Launches 3 New Products in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.',
			'content' => '<p style="text-align: justify;">December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.</p>

<p style="text-align: justify;">&quot;Toshiba LED TV has entered the Nepali market in three new series including L56, L36 and L26,&quot; said K N Jha, General Manager of CG. The L56 smart series TV has feature of cloud base platform in which all applications can be stored in cloud server without using TV memory. It also has essential PQ Technology and screen mirroring.</p>

<p style="text-align: justify;">Similarly, the TV series L36 and L26 has 5 star protection and 20 Dolby sound output features that encourage environment friendly lifestyle. Moreover, L36 series has been installed with MHL function. &quot;Available in 24-55 inches, these TVs are priced at Rs 24,000 to Rs 92,000 in the market,&quot; said Niraj Kumar Thakur, Senior Sales Manager of the company.</p>

<p style="text-align: justify;">&quot;Likewise, the refrigerator and washing machines are also in attractive design. They come in S-DD (Super Direct Drive) inverter technology preferred by the customers,&quot; he added. &nbsp;Toshiba refrigerator comes with 170-240 litres capacity and priced at Rs 28,000 to 78,000 in the market. Moreover, the washing machines are of 6.5-12 kilograms capacity and are priced at Rs 37,000 to Rs 110,000 in the market.&nbsp;</p>
',
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			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4820',
			'image' => '20161225034152_TOSHIBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5005',
			'article_category_id' => '1',
			'title' => 'NEA Importing Additional Electricity from India to End Power Cut',
			'sub_title' => '',
			'summary' => 'December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.',
			'content' => '<p style="text-align: justify;">December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.</p>

<p style="text-align: justify;">The electricity is being imported from Muzaffarpur-Dhalkebar transmission line under Nepal-India cross border transmission line. Presently, Nepal is importing 80MW electricity from the same transmission line. The additional electricity will cost Nepal the prevailing rate i.e. Rs 5.75 per unit. &nbsp;The additional electricity will be transmitted to Nepal from the newly installed 100 AVA transformer installed by Power Grid Corporation India as the earlier 100 AVA transformer at Muzaffarpur substation became deficient for the additional power import.</p>

<p style="text-align: justify;">The 40 MW electricity imported at the first phase will be connected to Hetauda Substation. As the transmission line toward Kathmandu cannot hold the additional electricity, the power will be distributed to the eastern part of the Hetauda. &quot;Doing this, the power generated from western region and other projects nearer to the capital shall not be send to that area equalling the electricity imported from India to Kathmandu,&quot; said Prabal Adhikari, Spokesperson of NEA.&nbsp;</p>
',
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			'sortorder' => '4819',
			'image' => '20161225015243_NEA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
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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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$articles = array(
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		'Article' => array(
			'id' => '5020',
			'article_category_id' => '1',
			'title' => 'Kokhajor Project to be the 1st HEP to be constructed under MoE',
			'sub_title' => '',
			'summary' => 'December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.',
			'content' => '<p style="text-align: justify;">December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.</p>

<p style="text-align: justify;">Feasibility on the construction of a reservoir project has been identified on the Kokhajor River situated at the boarder of Sindhuli and Kavrepalanchowk districts. The capacity of the hydropower project is estimated to be 111MW. The locals of Sindhuli are pressurizing the government for early construction of the hydropower. &nbsp;Kokhajor is the one of the 50 projects indentified as big and pumped storage projects of Nepal in 5<sup>th</sup> International Conference on Water resources and Hydropower development in Asia held in Sri Lanka on 2014. &nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4833',
			'image' => '20161227031720_kokhajor.JPG',
			'article_date' => '2016-12-27 00:00:00',
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			'id' => '5019',
			'article_category_id' => '1',
			'title' => 'Vitara Brezzra Bags 3 Awards',
			'sub_title' => '',
			'summary' => 'December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers' Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.',
			'content' => '<p style="text-align:justify">December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers&#39; Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.</p>

<p style="text-align:justify">Vitara Brezza comes with a 1,248cc turbocharged diesel engine with 5-speed manual transmission.&nbsp; The engine installed in Vitara Brezza can generate 90 PS power and 200 Nm of Maximum torque. As per the company, the car features a smart play infotainment system with Apple Car Play, cruise control and anti-pinch guard power window. The other features of the car includes dual airbags, ABS, Suzuki&rsquo;s innovative TECT system that adds to the safety design, steering mounted control and parking sensor with camera.</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4832',
			'image' => '20161227022549_suzuki.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5018',
			'article_category_id' => '1',
			'title' => 'Gandaki Approves Bonus Share',
			'sub_title' => '',
			'summary' => 'December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13<sup>th</sup> annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">Moreover, the AGM also endorsed the proposal of increasing its issue and paid-up capital along with the proposal of amending its article of association and statute. &quot;The meeting approved the special proposal of maintaining its promoter:general shareholders ratio to 51:49 from 70:30,&quot; informed Chabindra Nath Sharma, CEO of the bank.</p>

<p style="text-align: justify;">Presently, Gandaki Bikash Bank is in last phase of merger process with Fewa Bikash Bank which is also headquartered in Pokhara.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4831',
			'image' => '20161227125415_gandaki.jpg',
			'article_date' => '2016-12-27 00:00:00',
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		'Article' => array(
			'id' => '5016',
			'article_category_id' => '1',
			'title' => 'Mobile Expo at Mercantile Plaza',
			'sub_title' => '',
			'summary' => 'December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.',
			'content' => '<p style="text-align: justify;">December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.</p>

<p style="text-align: justify;">&quot;Discounts on the purchase of all brands of mobile phones and mobile repairing within one hour are the main attraction of the expo,&quot; said Alive Glider, Managing Director of Apple World Mobile. The Apple World Mobile and CTV Care are jointly operating &#39;One-Hour Mobile Care Service&#39; in the expo.</p>

<p style="text-align: justify;">During the expo, customers can exchange their old mobile of any brand with a new one. &quot;The mobile expo will have all brands of mobile phones that are available in the Nepali market in a price range of Rs 1,200 to Rs 130,000,&quot; said Glider who is also the conveyor of the event. The expo that started from Christmas will last till 15 days.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4830',
			'image' => '20161227115058_mobile mela.jpg',
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		'Article' => array(
			'id' => '5015',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch in Jhalari',
			'sub_title' => '',
			'summary' => 'December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.',
			'content' => '<p style="text-align: justify;">December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.</p>

<p style="text-align: justify;">With the addition, the bank is providing its services through 37 branches, 2 extension counters, 7 branchless banking services and 36 ATM counters.&nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4829',
			'image' => '20161227105858_nb bank.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5014',
			'article_category_id' => '1',
			'title' => 'NMB Bank starts issuing EMV Chip Cards',
			'sub_title' => '',
			'summary' => 'December 26: NMB Bank has started issuing chip based Debit, Credit and   International Dollar Card.   Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today’s world. ',
			'content' => '<p style="text-align: justify;">December 26: NMB Bank&nbsp;has started issuing chip based Debit, Credit and &nbsp; International Dollar Card.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today&rsquo;s world.&nbsp;</p>

<p style="text-align: justify;">&quot;Each time the chip card is used, the transaction data changes using complex algorithm, making it difficult to copy or counterfeit the card. The new chip-enabled cards will improve security of customer transactions when using the card abroad and at home&quot; reads the statement.</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4828',
			'image' => '20161226051843_nmb.jpg',
			'article_date' => '2016-12-26 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5013',
			'article_category_id' => '1',
			'title' => 'Nepal-Bangladesh Power Trade Agreement within the current month',
			'sub_title' => '',
			'summary' => 'December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.',
			'content' => '<p style="text-align: justify;">December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.</p>

<p style="text-align: justify;">According to a source at MoE, the major agenda of the agreement will be whether the government companies (including joint ventures) on government level or through private company or through any other power trading company will trade the power between the two countries. Previously, Bangladeshi Prime Minister Sheikh Hasina Wazed expressed &#39;keen interest &#39; in developing large hydropower projects in Nepal during a meeting with Energy Minister Janardan Sharma in Dhaka on December 8. Bangladesh with a plan to purchase electricity from Nepal, proposed Rs 100 billion investments in hydro sector of Nepal. The bilateral agreement is the result of the proposed investment made by Bangladesh on the energy sector of Nepal.</p>

<p style="text-align: justify;">Bangladesh has also proposed of forming a joint task force in order to discuss whether to make joint investment in energy sector or to purchase electricity produced in Nepal or to adopt any other alternative.</p>

<p style="text-align: justify;">Presently, Bangladesh is producing 15000 MW of electricity. Similarly, Bangladesh predicts increase in electricity demand to 35,000 MW by 2030. &ldquo;For the fulfillment of the demand, the investment and power trade process with the neighboring countries is being forwarded,&rdquo; said Mashfee Binte Shams, Bangladesh Ambassador for Nepal addressing the power summit held on December 15.</p>

<p style="text-align: justify;">&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4827',
			'image' => '20161226042541_PTA-1.jpg',
			'article_date' => '2016-12-26 00:00:00',
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		'Article' => array(
			'id' => '5012',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank's FPO from Today',
			'sub_title' => '',
			'summary' => 'December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.',
			'content' => '<p style="text-align: justify;">December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.</p>

<p style="text-align: justify;">NMB Capital has been appointed as Issue Manager by the bank. The interested investors can apply from share registrar NMB Capital, all the branch offices of Nepal SBI Bank and Nepal SBI Merchant Banking. After the issuance, the paid-up capital of the bank will reach Rs 3.89 billion. ICRA Nepal has granted &#39;ICRA Nepal IPO Grade 2&#39; to the issuance.</p>

<p style="text-align: justify;">Nepal SBI is floating the FPO in a bid to maintain its promoter: general shareholder ratio to 70:30. By the first quarter of the current FY, the bank earned Rs 350 million net profit. The bank has earning per share (EPS)of Rs 36.48 and net worth of 188.79.&nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4826',
			'image' => '20161226031128_sbi.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5011',
			'article_category_id' => '1',
			'title' => 'Groups Lobbying Hard to Appoint Insurance Board Chairman',
			'sub_title' => '',
			'summary' => 'December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's chairman.',
			'content' => '<p style="text-align:justify">December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board&#39;s chairman.</p>

<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. &nbsp;</p>

<p style="text-align:justify">After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.</p>

<p style="text-align:justify">Dr KC who got appointed during then Finance Minister Dr Baburam Bhattrai spent 8 years in IB as the Chairman. However, he didn&#39;t get additional tenure citing unsupportive toward Maoist Centre. Presently, as the Ministry of Finance is under Maoist Centre, the Maoist party is trying hard to bring Maoist supporter to the post. Similarly, there is another group lobbying to bring a Chairman who is well known of the insurance sector. As per the source, there is much possibility that the IB will get a new Chairman on Monday.</p>

<p style="text-align:justify">Moreover, various business houses are also lobbying in the Chairman appointment process of the IB. According to the sources, business houses are offering up to Rs 20 million for the post and deals are accordingly being conducted. &nbsp;As per the sources, the business houses are influencing the appointment process as it will give them ease in restructuring the insurance regulation as per their requirement.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4825',
			'image' => '20161226014130_insurance.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5010',
			'article_category_id' => '1',
			'title' => 'Glucovita Distributing Free Sample of 'Glucovita Bolts'',
			'sub_title' => '',
			'summary' => 'December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.',
			'content' => '<p style="text-align: justify;">December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.</p>

<p style="text-align: justify;">According to the company, Glucovita Bolts with glucose and iron gives instant energy for body and brain anytime and anywhere.</p>

<p style="text-align: justify;">&quot;Be it football match that leaves your child exhausted or a surprise quiz that challenges the mind, you never know when your child needs instant energy. That&#39;s why you need Glucovita Bolts. Offering an instant recharge- before, after or during any activity, Glucovita Bolts helps children power through any situation, be it mental or physical,&quot; reads the statement.</p>

<p style="text-align: justify;">The Glucovita Bolts are available in orange and strawberry taste in the market with a price tag of Rs 20.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4824',
			'image' => '20161226120421_glucovita-bolts-orange.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '5009',
			'article_category_id' => '1',
			'title' => 'Samata Microfinance to issue General Shares',
			'sub_title' => '',
			'summary' => 'December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10th annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.',
			'content' => '<p style="text-align: justify;">December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10<sup>th</sup> annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.</p>

<p style="text-align: justify;">Similarly, the AGM also endorsed the proposal of expanding its work area. &quot;The organisation mobilising nearly Rs 250 million earned Rs 10 million net profit,&quot; said Dammar Mani Thebe Limbu, Chairman of the company.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4823',
			'image' => '20161226113653_samata.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5008',
			'article_category_id' => '1',
			'title' => 'Newroad Mobile Expo from December 28',
			'sub_title' => '',
			'summary' => 'December 26: Nepal Mobile Traders Association is organising 'Newroad Mobile Expo 2073' in Newroad, also known as 'Mobile Hub', from December 28 to January 3. The main sponsor of the mobile expo is Ncell.',
			'content' => '<p style="text-align: justify;">December 26: Nepal Mobile Traders Association is organising &#39;Newroad Mobile Expo 2073&#39; in Newroad, also known as &#39;Mobile Hub&#39;, from December 28 to January 3. The main sponsor of the mobile expo is Ncell.</p>

<p style="text-align: justify;">According to the organiser, the expo that is being organised with a slogan &#39;Jahaan Mobile Bazaar Tyahaan Mobile Mahotsav&#39; is aimed at selling superior mobile phones and save customers from frauds. Moreover, the expo also aims on disseminating information on new technology that is available in the market.</p>

<p style="text-align: justify;">Purushottam Basnet, President of the association and conveyor of the expo claimed that the expo will be grand and historic till date. He informed of finishing all the expo preparations.</p>

<p style="text-align: justify;">As per the organiser, the expo will start from Newroad Gate. Newroad will be decorated by various tools, banners and LCD screen. Big LCD screens installed at Pipalbot will be providing latest technological and brand information to the customers. For the convenience of customers in getting food and coffee, mobile food-court will be mobilised in various places.</p>

<p style="text-align: justify;">&quot;On the occasion of the expo, various schemes have been launched on the purchase of mobile phones for the customers,&quot; said Aabiskar Lal Shrestha, co-conveyor of the expo. &quot;Every customer will be getting sure shot prizes. In the expo, all smart-phone purchasers will be given free Ncell SIM and 100MB data,&quot; he said. &quot;The customers can also win smart-phone through daily lucky draw.&quot;</p>

<p style="text-align: justify;">The expo will have separate kids zone and gaming zone. &nbsp;Shrestha claims that the expo will be visited by more than 300,000 visitors daily. &nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4822',
			'image' => '20161226112119_newroad mobile expo.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5007',
			'article_category_id' => '1',
			'title' => 'SEBON Approves 11 BFIs for ASBA Implementation',
			'sub_title' => '',
			'summary' => 'December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application contain',
			'content' => '<p style="text-align: justify;">December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. Additional 6 BFIs have applied to SEBON for carrying out the system. As per the board, approvals will be given soon after a detail study of the applications.</p>

<p style="text-align: justify;">The board has given approval to Century Commercial, Sunrise, Kailash Bikash, Ace Development, Citizens International, Sanima, Laxmi Bank, Sanima Bank, Siddhartha &nbsp;Bank, NIC Asia Bank, NB Bank and Kumari Bank for the implementation of ASBA. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4821',
			'image' => '20161225041913_ASBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '5006',
			'article_category_id' => '1',
			'title' => 'Toshiba Launches 3 New Products in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.',
			'content' => '<p style="text-align: justify;">December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.</p>

<p style="text-align: justify;">&quot;Toshiba LED TV has entered the Nepali market in three new series including L56, L36 and L26,&quot; said K N Jha, General Manager of CG. The L56 smart series TV has feature of cloud base platform in which all applications can be stored in cloud server without using TV memory. It also has essential PQ Technology and screen mirroring.</p>

<p style="text-align: justify;">Similarly, the TV series L36 and L26 has 5 star protection and 20 Dolby sound output features that encourage environment friendly lifestyle. Moreover, L36 series has been installed with MHL function. &quot;Available in 24-55 inches, these TVs are priced at Rs 24,000 to Rs 92,000 in the market,&quot; said Niraj Kumar Thakur, Senior Sales Manager of the company.</p>

<p style="text-align: justify;">&quot;Likewise, the refrigerator and washing machines are also in attractive design. They come in S-DD (Super Direct Drive) inverter technology preferred by the customers,&quot; he added. &nbsp;Toshiba refrigerator comes with 170-240 litres capacity and priced at Rs 28,000 to 78,000 in the market. Moreover, the washing machines are of 6.5-12 kilograms capacity and are priced at Rs 37,000 to Rs 110,000 in the market.&nbsp;</p>
',
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			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4820',
			'image' => '20161225034152_TOSHIBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5005',
			'article_category_id' => '1',
			'title' => 'NEA Importing Additional Electricity from India to End Power Cut',
			'sub_title' => '',
			'summary' => 'December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.',
			'content' => '<p style="text-align: justify;">December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.</p>

<p style="text-align: justify;">The electricity is being imported from Muzaffarpur-Dhalkebar transmission line under Nepal-India cross border transmission line. Presently, Nepal is importing 80MW electricity from the same transmission line. The additional electricity will cost Nepal the prevailing rate i.e. Rs 5.75 per unit. &nbsp;The additional electricity will be transmitted to Nepal from the newly installed 100 AVA transformer installed by Power Grid Corporation India as the earlier 100 AVA transformer at Muzaffarpur substation became deficient for the additional power import.</p>

<p style="text-align: justify;">The 40 MW electricity imported at the first phase will be connected to Hetauda Substation. As the transmission line toward Kathmandu cannot hold the additional electricity, the power will be distributed to the eastern part of the Hetauda. &quot;Doing this, the power generated from western region and other projects nearer to the capital shall not be send to that area equalling the electricity imported from India to Kathmandu,&quot; said Prabal Adhikari, Spokesperson of NEA.&nbsp;</p>
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			'sortorder' => '4819',
			'image' => '20161225015243_NEA.jpg',
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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			'id' => '5020',
			'article_category_id' => '1',
			'title' => 'Kokhajor Project to be the 1st HEP to be constructed under MoE',
			'sub_title' => '',
			'summary' => 'December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.',
			'content' => '<p style="text-align: justify;">December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.</p>

<p style="text-align: justify;">Feasibility on the construction of a reservoir project has been identified on the Kokhajor River situated at the boarder of Sindhuli and Kavrepalanchowk districts. The capacity of the hydropower project is estimated to be 111MW. The locals of Sindhuli are pressurizing the government for early construction of the hydropower. &nbsp;Kokhajor is the one of the 50 projects indentified as big and pumped storage projects of Nepal in 5<sup>th</sup> International Conference on Water resources and Hydropower development in Asia held in Sri Lanka on 2014. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4833',
			'image' => '20161227031720_kokhajor.JPG',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '5019',
			'article_category_id' => '1',
			'title' => 'Vitara Brezzra Bags 3 Awards',
			'sub_title' => '',
			'summary' => 'December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers' Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.',
			'content' => '<p style="text-align:justify">December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers&#39; Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.</p>

<p style="text-align:justify">Vitara Brezza comes with a 1,248cc turbocharged diesel engine with 5-speed manual transmission.&nbsp; The engine installed in Vitara Brezza can generate 90 PS power and 200 Nm of Maximum torque. As per the company, the car features a smart play infotainment system with Apple Car Play, cruise control and anti-pinch guard power window. The other features of the car includes dual airbags, ABS, Suzuki&rsquo;s innovative TECT system that adds to the safety design, steering mounted control and parking sensor with camera.</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4832',
			'image' => '20161227022549_suzuki.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5018',
			'article_category_id' => '1',
			'title' => 'Gandaki Approves Bonus Share',
			'sub_title' => '',
			'summary' => 'December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13<sup>th</sup> annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">Moreover, the AGM also endorsed the proposal of increasing its issue and paid-up capital along with the proposal of amending its article of association and statute. &quot;The meeting approved the special proposal of maintaining its promoter:general shareholders ratio to 51:49 from 70:30,&quot; informed Chabindra Nath Sharma, CEO of the bank.</p>

<p style="text-align: justify;">Presently, Gandaki Bikash Bank is in last phase of merger process with Fewa Bikash Bank which is also headquartered in Pokhara.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4831',
			'image' => '20161227125415_gandaki.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5016',
			'article_category_id' => '1',
			'title' => 'Mobile Expo at Mercantile Plaza',
			'sub_title' => '',
			'summary' => 'December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.',
			'content' => '<p style="text-align: justify;">December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.</p>

<p style="text-align: justify;">&quot;Discounts on the purchase of all brands of mobile phones and mobile repairing within one hour are the main attraction of the expo,&quot; said Alive Glider, Managing Director of Apple World Mobile. The Apple World Mobile and CTV Care are jointly operating &#39;One-Hour Mobile Care Service&#39; in the expo.</p>

<p style="text-align: justify;">During the expo, customers can exchange their old mobile of any brand with a new one. &quot;The mobile expo will have all brands of mobile phones that are available in the Nepali market in a price range of Rs 1,200 to Rs 130,000,&quot; said Glider who is also the conveyor of the event. The expo that started from Christmas will last till 15 days.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4830',
			'image' => '20161227115058_mobile mela.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5015',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch in Jhalari',
			'sub_title' => '',
			'summary' => 'December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.',
			'content' => '<p style="text-align: justify;">December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.</p>

<p style="text-align: justify;">With the addition, the bank is providing its services through 37 branches, 2 extension counters, 7 branchless banking services and 36 ATM counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4829',
			'image' => '20161227105858_nb bank.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5014',
			'article_category_id' => '1',
			'title' => 'NMB Bank starts issuing EMV Chip Cards',
			'sub_title' => '',
			'summary' => 'December 26: NMB Bank has started issuing chip based Debit, Credit and   International Dollar Card.   Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today’s world. ',
			'content' => '<p style="text-align: justify;">December 26: NMB Bank&nbsp;has started issuing chip based Debit, Credit and &nbsp; International Dollar Card.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today&rsquo;s world.&nbsp;</p>

<p style="text-align: justify;">&quot;Each time the chip card is used, the transaction data changes using complex algorithm, making it difficult to copy or counterfeit the card. The new chip-enabled cards will improve security of customer transactions when using the card abroad and at home&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4828',
			'image' => '20161226051843_nmb.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5013',
			'article_category_id' => '1',
			'title' => 'Nepal-Bangladesh Power Trade Agreement within the current month',
			'sub_title' => '',
			'summary' => 'December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.',
			'content' => '<p style="text-align: justify;">December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.</p>

<p style="text-align: justify;">According to a source at MoE, the major agenda of the agreement will be whether the government companies (including joint ventures) on government level or through private company or through any other power trading company will trade the power between the two countries. Previously, Bangladeshi Prime Minister Sheikh Hasina Wazed expressed &#39;keen interest &#39; in developing large hydropower projects in Nepal during a meeting with Energy Minister Janardan Sharma in Dhaka on December 8. Bangladesh with a plan to purchase electricity from Nepal, proposed Rs 100 billion investments in hydro sector of Nepal. The bilateral agreement is the result of the proposed investment made by Bangladesh on the energy sector of Nepal.</p>

<p style="text-align: justify;">Bangladesh has also proposed of forming a joint task force in order to discuss whether to make joint investment in energy sector or to purchase electricity produced in Nepal or to adopt any other alternative.</p>

<p style="text-align: justify;">Presently, Bangladesh is producing 15000 MW of electricity. Similarly, Bangladesh predicts increase in electricity demand to 35,000 MW by 2030. &ldquo;For the fulfillment of the demand, the investment and power trade process with the neighboring countries is being forwarded,&rdquo; said Mashfee Binte Shams, Bangladesh Ambassador for Nepal addressing the power summit held on December 15.</p>

<p style="text-align: justify;">&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4827',
			'image' => '20161226042541_PTA-1.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5012',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank's FPO from Today',
			'sub_title' => '',
			'summary' => 'December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.',
			'content' => '<p style="text-align: justify;">December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.</p>

<p style="text-align: justify;">NMB Capital has been appointed as Issue Manager by the bank. The interested investors can apply from share registrar NMB Capital, all the branch offices of Nepal SBI Bank and Nepal SBI Merchant Banking. After the issuance, the paid-up capital of the bank will reach Rs 3.89 billion. ICRA Nepal has granted &#39;ICRA Nepal IPO Grade 2&#39; to the issuance.</p>

<p style="text-align: justify;">Nepal SBI is floating the FPO in a bid to maintain its promoter: general shareholder ratio to 70:30. By the first quarter of the current FY, the bank earned Rs 350 million net profit. The bank has earning per share (EPS)of Rs 36.48 and net worth of 188.79.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4826',
			'image' => '20161226031128_sbi.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5011',
			'article_category_id' => '1',
			'title' => 'Groups Lobbying Hard to Appoint Insurance Board Chairman',
			'sub_title' => '',
			'summary' => 'December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's chairman.',
			'content' => '<p style="text-align:justify">December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board&#39;s chairman.</p>

<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. &nbsp;</p>

<p style="text-align:justify">After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.</p>

<p style="text-align:justify">Dr KC who got appointed during then Finance Minister Dr Baburam Bhattrai spent 8 years in IB as the Chairman. However, he didn&#39;t get additional tenure citing unsupportive toward Maoist Centre. Presently, as the Ministry of Finance is under Maoist Centre, the Maoist party is trying hard to bring Maoist supporter to the post. Similarly, there is another group lobbying to bring a Chairman who is well known of the insurance sector. As per the source, there is much possibility that the IB will get a new Chairman on Monday.</p>

<p style="text-align:justify">Moreover, various business houses are also lobbying in the Chairman appointment process of the IB. According to the sources, business houses are offering up to Rs 20 million for the post and deals are accordingly being conducted. &nbsp;As per the sources, the business houses are influencing the appointment process as it will give them ease in restructuring the insurance regulation as per their requirement.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4825',
			'image' => '20161226014130_insurance.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5010',
			'article_category_id' => '1',
			'title' => 'Glucovita Distributing Free Sample of 'Glucovita Bolts'',
			'sub_title' => '',
			'summary' => 'December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.',
			'content' => '<p style="text-align: justify;">December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.</p>

<p style="text-align: justify;">According to the company, Glucovita Bolts with glucose and iron gives instant energy for body and brain anytime and anywhere.</p>

<p style="text-align: justify;">&quot;Be it football match that leaves your child exhausted or a surprise quiz that challenges the mind, you never know when your child needs instant energy. That&#39;s why you need Glucovita Bolts. Offering an instant recharge- before, after or during any activity, Glucovita Bolts helps children power through any situation, be it mental or physical,&quot; reads the statement.</p>

<p style="text-align: justify;">The Glucovita Bolts are available in orange and strawberry taste in the market with a price tag of Rs 20.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4824',
			'image' => '20161226120421_glucovita-bolts-orange.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5009',
			'article_category_id' => '1',
			'title' => 'Samata Microfinance to issue General Shares',
			'sub_title' => '',
			'summary' => 'December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10th annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.',
			'content' => '<p style="text-align: justify;">December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10<sup>th</sup> annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.</p>

<p style="text-align: justify;">Similarly, the AGM also endorsed the proposal of expanding its work area. &quot;The organisation mobilising nearly Rs 250 million earned Rs 10 million net profit,&quot; said Dammar Mani Thebe Limbu, Chairman of the company.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4823',
			'image' => '20161226113653_samata.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5008',
			'article_category_id' => '1',
			'title' => 'Newroad Mobile Expo from December 28',
			'sub_title' => '',
			'summary' => 'December 26: Nepal Mobile Traders Association is organising 'Newroad Mobile Expo 2073' in Newroad, also known as 'Mobile Hub', from December 28 to January 3. The main sponsor of the mobile expo is Ncell.',
			'content' => '<p style="text-align: justify;">December 26: Nepal Mobile Traders Association is organising &#39;Newroad Mobile Expo 2073&#39; in Newroad, also known as &#39;Mobile Hub&#39;, from December 28 to January 3. The main sponsor of the mobile expo is Ncell.</p>

<p style="text-align: justify;">According to the organiser, the expo that is being organised with a slogan &#39;Jahaan Mobile Bazaar Tyahaan Mobile Mahotsav&#39; is aimed at selling superior mobile phones and save customers from frauds. Moreover, the expo also aims on disseminating information on new technology that is available in the market.</p>

<p style="text-align: justify;">Purushottam Basnet, President of the association and conveyor of the expo claimed that the expo will be grand and historic till date. He informed of finishing all the expo preparations.</p>

<p style="text-align: justify;">As per the organiser, the expo will start from Newroad Gate. Newroad will be decorated by various tools, banners and LCD screen. Big LCD screens installed at Pipalbot will be providing latest technological and brand information to the customers. For the convenience of customers in getting food and coffee, mobile food-court will be mobilised in various places.</p>

<p style="text-align: justify;">&quot;On the occasion of the expo, various schemes have been launched on the purchase of mobile phones for the customers,&quot; said Aabiskar Lal Shrestha, co-conveyor of the expo. &quot;Every customer will be getting sure shot prizes. In the expo, all smart-phone purchasers will be given free Ncell SIM and 100MB data,&quot; he said. &quot;The customers can also win smart-phone through daily lucky draw.&quot;</p>

<p style="text-align: justify;">The expo will have separate kids zone and gaming zone. &nbsp;Shrestha claims that the expo will be visited by more than 300,000 visitors daily. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4822',
			'image' => '20161226112119_newroad mobile expo.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5007',
			'article_category_id' => '1',
			'title' => 'SEBON Approves 11 BFIs for ASBA Implementation',
			'sub_title' => '',
			'summary' => 'December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application contain',
			'content' => '<p style="text-align: justify;">December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. Additional 6 BFIs have applied to SEBON for carrying out the system. As per the board, approvals will be given soon after a detail study of the applications.</p>

<p style="text-align: justify;">The board has given approval to Century Commercial, Sunrise, Kailash Bikash, Ace Development, Citizens International, Sanima, Laxmi Bank, Sanima Bank, Siddhartha &nbsp;Bank, NIC Asia Bank, NB Bank and Kumari Bank for the implementation of ASBA. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4821',
			'image' => '20161225041913_ASBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
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			'id' => '5006',
			'article_category_id' => '1',
			'title' => 'Toshiba Launches 3 New Products in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.',
			'content' => '<p style="text-align: justify;">December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.</p>

<p style="text-align: justify;">&quot;Toshiba LED TV has entered the Nepali market in three new series including L56, L36 and L26,&quot; said K N Jha, General Manager of CG. The L56 smart series TV has feature of cloud base platform in which all applications can be stored in cloud server without using TV memory. It also has essential PQ Technology and screen mirroring.</p>

<p style="text-align: justify;">Similarly, the TV series L36 and L26 has 5 star protection and 20 Dolby sound output features that encourage environment friendly lifestyle. Moreover, L36 series has been installed with MHL function. &quot;Available in 24-55 inches, these TVs are priced at Rs 24,000 to Rs 92,000 in the market,&quot; said Niraj Kumar Thakur, Senior Sales Manager of the company.</p>

<p style="text-align: justify;">&quot;Likewise, the refrigerator and washing machines are also in attractive design. They come in S-DD (Super Direct Drive) inverter technology preferred by the customers,&quot; he added. &nbsp;Toshiba refrigerator comes with 170-240 litres capacity and priced at Rs 28,000 to 78,000 in the market. Moreover, the washing machines are of 6.5-12 kilograms capacity and are priced at Rs 37,000 to Rs 110,000 in the market.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4820',
			'image' => '20161225034152_TOSHIBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
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			'id' => '5005',
			'article_category_id' => '1',
			'title' => 'NEA Importing Additional Electricity from India to End Power Cut',
			'sub_title' => '',
			'summary' => 'December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.',
			'content' => '<p style="text-align: justify;">December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.</p>

<p style="text-align: justify;">The electricity is being imported from Muzaffarpur-Dhalkebar transmission line under Nepal-India cross border transmission line. Presently, Nepal is importing 80MW electricity from the same transmission line. The additional electricity will cost Nepal the prevailing rate i.e. Rs 5.75 per unit. &nbsp;The additional electricity will be transmitted to Nepal from the newly installed 100 AVA transformer installed by Power Grid Corporation India as the earlier 100 AVA transformer at Muzaffarpur substation became deficient for the additional power import.</p>

<p style="text-align: justify;">The 40 MW electricity imported at the first phase will be connected to Hetauda Substation. As the transmission line toward Kathmandu cannot hold the additional electricity, the power will be distributed to the eastern part of the Hetauda. &quot;Doing this, the power generated from western region and other projects nearer to the capital shall not be send to that area equalling the electricity imported from India to Kathmandu,&quot; said Prabal Adhikari, Spokesperson of NEA.&nbsp;</p>
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			'image' => '20161225015243_NEA.jpg',
			'article_date' => '2016-12-25 00:00:00',
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		'Article' => array(
			'id' => '5020',
			'article_category_id' => '1',
			'title' => 'Kokhajor Project to be the 1st HEP to be constructed under MoE',
			'sub_title' => '',
			'summary' => 'December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.',
			'content' => '<p style="text-align: justify;">December 27: There is a high possibility of Kokhajor Hydropower Project to be the first hydropower project constructed under Ministry of Energy (MoE). Hydropower Production Company under MoE is going to construct the project in the first phase. Janardan Sharma, Energy Minister who went to Sindhuli for the feasibility study of the project informed about it.</p>

<p style="text-align: justify;">Feasibility on the construction of a reservoir project has been identified on the Kokhajor River situated at the boarder of Sindhuli and Kavrepalanchowk districts. The capacity of the hydropower project is estimated to be 111MW. The locals of Sindhuli are pressurizing the government for early construction of the hydropower. &nbsp;Kokhajor is the one of the 50 projects indentified as big and pumped storage projects of Nepal in 5<sup>th</sup> International Conference on Water resources and Hydropower development in Asia held in Sri Lanka on 2014. &nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4833',
			'image' => '20161227031720_kokhajor.JPG',
			'article_date' => '2016-12-27 00:00:00',
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			'id' => '5019',
			'article_category_id' => '1',
			'title' => 'Vitara Brezzra Bags 3 Awards',
			'sub_title' => '',
			'summary' => 'December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers' Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.',
			'content' => '<p style="text-align:justify">December 27: Suzuki Vitara Brezza has bagged three awards in CNBC-TV18 OVERDRIVE Awards 2017. Suzuki Vitara Brezza also known as Compact SUV won Compact SUV of the Year, Car of the Year and Viewers&#39; Choice Car of the Year. The company claimed that the car which has an attractive sporty design will provide comfort to the driver and passengers while travelling. The car is popular among the customers due to its best capacity and efficiency of engine and gearbox.</p>

<p style="text-align:justify">Vitara Brezza comes with a 1,248cc turbocharged diesel engine with 5-speed manual transmission.&nbsp; The engine installed in Vitara Brezza can generate 90 PS power and 200 Nm of Maximum torque. As per the company, the car features a smart play infotainment system with Apple Car Play, cruise control and anti-pinch guard power window. The other features of the car includes dual airbags, ABS, Suzuki&rsquo;s innovative TECT system that adds to the safety design, steering mounted control and parking sensor with camera.</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4832',
			'image' => '20161227022549_suzuki.jpg',
			'article_date' => '2016-12-27 00:00:00',
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			'id' => '5018',
			'article_category_id' => '1',
			'title' => 'Gandaki Approves Bonus Share',
			'sub_title' => '',
			'summary' => 'December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13th annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 27: Gandaki Bikash Bank, headquartered at Pokhara is distributing 20.60 per cent bonus share. The 13<sup>th</sup> annual general meeting of the bank held on December 26 at Pokhara endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">Moreover, the AGM also endorsed the proposal of increasing its issue and paid-up capital along with the proposal of amending its article of association and statute. &quot;The meeting approved the special proposal of maintaining its promoter:general shareholders ratio to 51:49 from 70:30,&quot; informed Chabindra Nath Sharma, CEO of the bank.</p>

<p style="text-align: justify;">Presently, Gandaki Bikash Bank is in last phase of merger process with Fewa Bikash Bank which is also headquartered in Pokhara.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4831',
			'image' => '20161227125415_gandaki.jpg',
			'article_date' => '2016-12-27 00:00:00',
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			'id' => '5016',
			'article_category_id' => '1',
			'title' => 'Mobile Expo at Mercantile Plaza',
			'sub_title' => '',
			'summary' => 'December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.',
			'content' => '<p style="text-align: justify;">December 27: A mobile phone expo is being organised at Mercantile Plaza, Durbarmarg on the occasion of Christmas and New Year. The mobile expo is jointly organised by CTV Mobile, The World Vision Mobile, Link Electronics Mobile, CTV Care and Apple World Mobile.</p>

<p style="text-align: justify;">&quot;Discounts on the purchase of all brands of mobile phones and mobile repairing within one hour are the main attraction of the expo,&quot; said Alive Glider, Managing Director of Apple World Mobile. The Apple World Mobile and CTV Care are jointly operating &#39;One-Hour Mobile Care Service&#39; in the expo.</p>

<p style="text-align: justify;">During the expo, customers can exchange their old mobile of any brand with a new one. &quot;The mobile expo will have all brands of mobile phones that are available in the Nepali market in a price range of Rs 1,200 to Rs 130,000,&quot; said Glider who is also the conveyor of the event. The expo that started from Christmas will last till 15 days.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4830',
			'image' => '20161227115058_mobile mela.jpg',
			'article_date' => '2016-12-27 00:00:00',
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		'Article' => array(
			'id' => '5015',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch in Jhalari',
			'sub_title' => '',
			'summary' => 'December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.',
			'content' => '<p style="text-align: justify;">December 27: Nepal Bangladesh (NB) Bank has started a new branch at Jhalari Pipaldandi-10. Deepak Karki, Director of the bank inaugurated the branch amid a program on December 27. The bank also opened an ATM counter in the branch.</p>

<p style="text-align: justify;">With the addition, the bank is providing its services through 37 branches, 2 extension counters, 7 branchless banking services and 36 ATM counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-27',
			'modified' => '2016-12-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4829',
			'image' => '20161227105858_nb bank.jpg',
			'article_date' => '2016-12-27 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5014',
			'article_category_id' => '1',
			'title' => 'NMB Bank starts issuing EMV Chip Cards',
			'sub_title' => '',
			'summary' => 'December 26: NMB Bank has started issuing chip based Debit, Credit and   International Dollar Card.   Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today’s world. ',
			'content' => '<p style="text-align: justify;">December 26: NMB Bank&nbsp;has started issuing chip based Debit, Credit and &nbsp; International Dollar Card.&nbsp;</p>

<p style="text-align: justify;">Issuing a press statement, the bank informed that the EMV (Europay, MasterCard, VISA) Chip Cards are embedded with a microprocessor chip that encrypts transaction information, thus are most secured in today&rsquo;s world.&nbsp;</p>

<p style="text-align: justify;">&quot;Each time the chip card is used, the transaction data changes using complex algorithm, making it difficult to copy or counterfeit the card. The new chip-enabled cards will improve security of customer transactions when using the card abroad and at home&quot; reads the statement.</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4828',
			'image' => '20161226051843_nmb.jpg',
			'article_date' => '2016-12-26 00:00:00',
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		'Article' => array(
			'id' => '5013',
			'article_category_id' => '1',
			'title' => 'Nepal-Bangladesh Power Trade Agreement within the current month',
			'sub_title' => '',
			'summary' => 'December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.',
			'content' => '<p style="text-align: justify;">December 26: Nepal-Bangladesh power production and trade agreement is finalizing on first week of January. The agreement will be signed by Janardan Sharma, Ministry of Energy (MoE) from Nepal and Nasrul Hamid, State Minister for Power from Bangladesh in Kathmandu. The agreement will decide the electricity trade model between Nepal and Bangladesh.</p>

<p style="text-align: justify;">According to a source at MoE, the major agenda of the agreement will be whether the government companies (including joint ventures) on government level or through private company or through any other power trading company will trade the power between the two countries. Previously, Bangladeshi Prime Minister Sheikh Hasina Wazed expressed &#39;keen interest &#39; in developing large hydropower projects in Nepal during a meeting with Energy Minister Janardan Sharma in Dhaka on December 8. Bangladesh with a plan to purchase electricity from Nepal, proposed Rs 100 billion investments in hydro sector of Nepal. The bilateral agreement is the result of the proposed investment made by Bangladesh on the energy sector of Nepal.</p>

<p style="text-align: justify;">Bangladesh has also proposed of forming a joint task force in order to discuss whether to make joint investment in energy sector or to purchase electricity produced in Nepal or to adopt any other alternative.</p>

<p style="text-align: justify;">Presently, Bangladesh is producing 15000 MW of electricity. Similarly, Bangladesh predicts increase in electricity demand to 35,000 MW by 2030. &ldquo;For the fulfillment of the demand, the investment and power trade process with the neighboring countries is being forwarded,&rdquo; said Mashfee Binte Shams, Bangladesh Ambassador for Nepal addressing the power summit held on December 15.</p>

<p style="text-align: justify;">&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
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			'sortorder' => '4827',
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		'Article' => array(
			'id' => '5012',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank's FPO from Today',
			'sub_title' => '',
			'summary' => 'December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.',
			'content' => '<p style="text-align: justify;">December 26: Nepal SBI Bank has floated 67,767.87 units of further public offering (FPO)to the general investors today. The bank floated a share with a face value of Rs 100 at a premium of Rs 871 totalling Rs 971 per unit of share. The interested investors will have to apply for minimum of 10 units of share and maximum of 670 units of shares. According to the bank, the issuance will close early on December 29 and lately on January 9.</p>

<p style="text-align: justify;">NMB Capital has been appointed as Issue Manager by the bank. The interested investors can apply from share registrar NMB Capital, all the branch offices of Nepal SBI Bank and Nepal SBI Merchant Banking. After the issuance, the paid-up capital of the bank will reach Rs 3.89 billion. ICRA Nepal has granted &#39;ICRA Nepal IPO Grade 2&#39; to the issuance.</p>

<p style="text-align: justify;">Nepal SBI is floating the FPO in a bid to maintain its promoter: general shareholder ratio to 70:30. By the first quarter of the current FY, the bank earned Rs 350 million net profit. The bank has earning per share (EPS)of Rs 36.48 and net worth of 188.79.&nbsp;</p>
',
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			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4826',
			'image' => '20161226031128_sbi.jpg',
			'article_date' => '2016-12-26 00:00:00',
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		'Article' => array(
			'id' => '5011',
			'article_category_id' => '1',
			'title' => 'Groups Lobbying Hard to Appoint Insurance Board Chairman',
			'sub_title' => '',
			'summary' => 'December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board's chairman.',
			'content' => '<p style="text-align:justify">December 26: Insurance Board, the regulatory body of insurance sector of Nepal will most possibly get a new Chairman on Monday. As per the sources, Maoist centre is lobbying hard to appoint former Maoist soldier or other party worker as the board&#39;s chairman.</p>

<p style="text-align:justify">Although Dr Fatte Bahadur KC, Chairman of IB seemed interested for his third tenure as the Chairman, he is now out of race with the end of his second tenure on December 22. &nbsp;</p>

<p style="text-align:justify">After the exit of KC, dozen above persons are tripping political centre of power for the appointment. However, the names of Ramesh Bhattarai, CEO of Mahalaxmi Bikash Bank, Chiranjibi Chapagain, Director of NRB Pokhara Branch, Rishi Ram Gautam, Director of Prabhu Bank and Rabindra Ghimire of Pokhara University are coming to the surface as the candidates for the post. Among them also, Bhattarai and Chapagain are the most possible candidate for the post.</p>

<p style="text-align:justify">Dr KC who got appointed during then Finance Minister Dr Baburam Bhattrai spent 8 years in IB as the Chairman. However, he didn&#39;t get additional tenure citing unsupportive toward Maoist Centre. Presently, as the Ministry of Finance is under Maoist Centre, the Maoist party is trying hard to bring Maoist supporter to the post. Similarly, there is another group lobbying to bring a Chairman who is well known of the insurance sector. As per the source, there is much possibility that the IB will get a new Chairman on Monday.</p>

<p style="text-align:justify">Moreover, various business houses are also lobbying in the Chairman appointment process of the IB. According to the sources, business houses are offering up to Rs 20 million for the post and deals are accordingly being conducted. &nbsp;As per the sources, the business houses are influencing the appointment process as it will give them ease in restructuring the insurance regulation as per their requirement.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5010',
			'article_category_id' => '1',
			'title' => 'Glucovita Distributing Free Sample of 'Glucovita Bolts'',
			'sub_title' => '',
			'summary' => 'December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.',
			'content' => '<p style="text-align: justify;">December 26: Dayal Trading, the authorised distributor of Glucovita Bolts for Nepal is distributing free samples in various 100 schools. Issuing a press statement, the company said that the campaign is aimed toward establishing the product in the Nepali market as well as to convince the customers about its quality.</p>

<p style="text-align: justify;">According to the company, Glucovita Bolts with glucose and iron gives instant energy for body and brain anytime and anywhere.</p>

<p style="text-align: justify;">&quot;Be it football match that leaves your child exhausted or a surprise quiz that challenges the mind, you never know when your child needs instant energy. That&#39;s why you need Glucovita Bolts. Offering an instant recharge- before, after or during any activity, Glucovita Bolts helps children power through any situation, be it mental or physical,&quot; reads the statement.</p>

<p style="text-align: justify;">The Glucovita Bolts are available in orange and strawberry taste in the market with a price tag of Rs 20.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4824',
			'image' => '20161226120421_glucovita-bolts-orange.jpg',
			'article_date' => '2016-12-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5009',
			'article_category_id' => '1',
			'title' => 'Samata Microfinance to issue General Shares',
			'sub_title' => '',
			'summary' => 'December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10th annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.',
			'content' => '<p style="text-align: justify;">December 26: Samata Microfinance Bittiya Sanstha is issuing general shares worth Rs 9 million. The 10<sup>th</sup> annual general meeting of the company held on December 24 approved the proposal of issuing the general shares.</p>

<p style="text-align: justify;">Similarly, the AGM also endorsed the proposal of expanding its work area. &quot;The organisation mobilising nearly Rs 250 million earned Rs 10 million net profit,&quot; said Dammar Mani Thebe Limbu, Chairman of the company.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4823',
			'image' => '20161226113653_samata.jpg',
			'article_date' => '2016-12-26 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5008',
			'article_category_id' => '1',
			'title' => 'Newroad Mobile Expo from December 28',
			'sub_title' => '',
			'summary' => 'December 26: Nepal Mobile Traders Association is organising 'Newroad Mobile Expo 2073' in Newroad, also known as 'Mobile Hub', from December 28 to January 3. The main sponsor of the mobile expo is Ncell.',
			'content' => '<p style="text-align: justify;">December 26: Nepal Mobile Traders Association is organising &#39;Newroad Mobile Expo 2073&#39; in Newroad, also known as &#39;Mobile Hub&#39;, from December 28 to January 3. The main sponsor of the mobile expo is Ncell.</p>

<p style="text-align: justify;">According to the organiser, the expo that is being organised with a slogan &#39;Jahaan Mobile Bazaar Tyahaan Mobile Mahotsav&#39; is aimed at selling superior mobile phones and save customers from frauds. Moreover, the expo also aims on disseminating information on new technology that is available in the market.</p>

<p style="text-align: justify;">Purushottam Basnet, President of the association and conveyor of the expo claimed that the expo will be grand and historic till date. He informed of finishing all the expo preparations.</p>

<p style="text-align: justify;">As per the organiser, the expo will start from Newroad Gate. Newroad will be decorated by various tools, banners and LCD screen. Big LCD screens installed at Pipalbot will be providing latest technological and brand information to the customers. For the convenience of customers in getting food and coffee, mobile food-court will be mobilised in various places.</p>

<p style="text-align: justify;">&quot;On the occasion of the expo, various schemes have been launched on the purchase of mobile phones for the customers,&quot; said Aabiskar Lal Shrestha, co-conveyor of the expo. &quot;Every customer will be getting sure shot prizes. In the expo, all smart-phone purchasers will be given free Ncell SIM and 100MB data,&quot; he said. &quot;The customers can also win smart-phone through daily lucky draw.&quot;</p>

<p style="text-align: justify;">The expo will have separate kids zone and gaming zone. &nbsp;Shrestha claims that the expo will be visited by more than 300,000 visitors daily. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-26',
			'modified' => '2016-12-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4822',
			'image' => '20161226112119_newroad mobile expo.jpg',
			'article_date' => '2016-12-26 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5007',
			'article_category_id' => '1',
			'title' => 'SEBON Approves 11 BFIs for ASBA Implementation',
			'sub_title' => '',
			'summary' => 'December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant's account doesn't get debited until shares are allotted to them. Moreover, ASBA is an application contain',
			'content' => '<p style="text-align: justify;">December 25: Securities Board of Nepal (SEBON) has approved 11 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. . Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. Additional 6 BFIs have applied to SEBON for carrying out the system. As per the board, approvals will be given soon after a detail study of the applications.</p>

<p style="text-align: justify;">The board has given approval to Century Commercial, Sunrise, Kailash Bikash, Ace Development, Citizens International, Sanima, Laxmi Bank, Sanima Bank, Siddhartha &nbsp;Bank, NIC Asia Bank, NB Bank and Kumari Bank for the implementation of ASBA. The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4821',
			'image' => '20161225041913_ASBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '5006',
			'article_category_id' => '1',
			'title' => 'Toshiba Launches 3 New Products in Nepali Market',
			'sub_title' => '',
			'summary' => 'December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.',
			'content' => '<p style="text-align: justify;">December 25: Japanese Company Toshiba has launched three new products; LED TV, Refrigerator and washing machine in the Nepali market. The authorised distributor of Toshiba for Nepal,EOL Pvt Ltd under Chaudhary Group launched the products organising a program on December 23.</p>

<p style="text-align: justify;">&quot;Toshiba LED TV has entered the Nepali market in three new series including L56, L36 and L26,&quot; said K N Jha, General Manager of CG. The L56 smart series TV has feature of cloud base platform in which all applications can be stored in cloud server without using TV memory. It also has essential PQ Technology and screen mirroring.</p>

<p style="text-align: justify;">Similarly, the TV series L36 and L26 has 5 star protection and 20 Dolby sound output features that encourage environment friendly lifestyle. Moreover, L36 series has been installed with MHL function. &quot;Available in 24-55 inches, these TVs are priced at Rs 24,000 to Rs 92,000 in the market,&quot; said Niraj Kumar Thakur, Senior Sales Manager of the company.</p>

<p style="text-align: justify;">&quot;Likewise, the refrigerator and washing machines are also in attractive design. They come in S-DD (Super Direct Drive) inverter technology preferred by the customers,&quot; he added. &nbsp;Toshiba refrigerator comes with 170-240 litres capacity and priced at Rs 28,000 to 78,000 in the market. Moreover, the washing machines are of 6.5-12 kilograms capacity and are priced at Rs 37,000 to Rs 110,000 in the market.&nbsp;</p>
',
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			'created' => '2016-12-25',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4820',
			'image' => '20161225034152_TOSHIBA.jpg',
			'article_date' => '2016-12-25 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5005',
			'article_category_id' => '1',
			'title' => 'NEA Importing Additional Electricity from India to End Power Cut',
			'sub_title' => '',
			'summary' => 'December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.',
			'content' => '<p style="text-align: justify;">December 25: Nepal Electricity Authority is importing additional electricity from India in a bid to support its campaign against power cut. On December 22, a complementary PPA on importing additional 80MW electricity in two phases was signed by Kulman Ghising, Executive Director of NEA and Arun Kumar Garg, Executive Director of NodAl Agency NTPC Vidyut Vyapar Nigam (NVVN). According to the agreement, 40 MW electricity will be imported from January 1 and if needed, another 40MW from January 31 to June 1.</p>

<p style="text-align: justify;">The electricity is being imported from Muzaffarpur-Dhalkebar transmission line under Nepal-India cross border transmission line. Presently, Nepal is importing 80MW electricity from the same transmission line. The additional electricity will cost Nepal the prevailing rate i.e. Rs 5.75 per unit. &nbsp;The additional electricity will be transmitted to Nepal from the newly installed 100 AVA transformer installed by Power Grid Corporation India as the earlier 100 AVA transformer at Muzaffarpur substation became deficient for the additional power import.</p>

<p style="text-align: justify;">The 40 MW electricity imported at the first phase will be connected to Hetauda Substation. As the transmission line toward Kathmandu cannot hold the additional electricity, the power will be distributed to the eastern part of the Hetauda. &quot;Doing this, the power generated from western region and other projects nearer to the capital shall not be send to that area equalling the electricity imported from India to Kathmandu,&quot; said Prabal Adhikari, Spokesperson of NEA.&nbsp;</p>
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00