October 7: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects.…
October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press…
October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the…
October 7: Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G…
October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the…
October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management.…
October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the…
October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju…
October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a…
October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is…
October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of…
October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45th AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare…
October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12.…
October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be…
October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director…
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The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects. ', 'content' => '<p>October 07: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects.</p> <p> “The company will be established with a 29 percent share investment of the general Public, residents of the project affected districts and highly marginalized citizens,” said Energy Minister Janardan Sharma. The structure of the company has been approved for the implementation of National Energy-Crisis Minimisation Workplan along with other short-term and long-term plans.</p> <p>The establishment of the company has been granted permission as an autonomous entity as per the Companies Act, 2063. The company will have Rs 30 billion in paid-up capital, Rs 20 billion in authorised capital of, Rs 10 billion in issued capital and Rs 2 billion as capital pledged by the promoter.</p> <p> The company will be constructing the 410MW Budhigandaki Project, 245 MW Naumure Project, 536 MW Sunkoshi III Project and 900MW Karnali Project. The structure of the company was approved after some changes in the proposed stake composition by the Ministry of Energy. The ministry earlier proposed a 23 percent share to the general public which has been reduced to 17 per cent. Similarly, the share of Nepal Telecom has been increased to 10 percent from four percent.</p> <p><strong>Hedging fund for minimising risks </strong></p> <p>Earlier on October 4, energy minister Sharma shared some of the important steps to facilitate the hydropower development. Speaking at a conference, he said that the government is preparing to establish a hedging fund in order to minimise the risks associated to the fluctuation in forex rates during the time of power purchase agreements (PPAs) in US Dollar with the developers of the projects. He also informed about the simplification of licensing and PPA procedures, government decision to construct some projects of NEA through subsidiary companies and large scale expansion of transmission lines.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4426', 'image' => '20161007030010_hydro.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4595', 'article_category_id' => '1', 'title' => 'Nepal Life Launches E-Banking Premium Payment', 'sub_title' => '', 'summary' => 'October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement,', 'content' => '<p style="text-align: justify;">October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement, the service is available to the individuals having account in Nepal Investment Bank at present. "The service has been started for the convenience of the insured that will save time and helps to avoid late charge," the company informs. The company claims that the service is the first of its kind in the insurance sector of the country. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4425', 'image' => '20161007020804_nepal life.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4594', 'article_category_id' => '1', 'title' => 'Mangaldeep’s Dashain-Tihar Offer', 'sub_title' => '', 'summary' => 'October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.', 'content' => '<p style="text-align: justify;">October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.</p> <p style="text-align: justify;">Under the scheme, the consumers who buy special pack of Mangaldeep FOT silver and chandan (three packets per box) will get 3D lenticular photos of goddesses Durga Bhawani and Laxmi. Similarly, the consumers can purchase special pack of Mangaldeep FOT silver (four packets per box) at Rs 350 after Rs 50 discount. The company will provide Rs 25 discount on the purchase of Chandan (10 packets per box) to its customers. The buyers of Mangaldeep Arpan, which is recently introduced in the market, will get one match box (Teer salai) free under the scheme. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4424', 'image' => '20161007015654_mangaldeep.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4593', 'article_category_id' => '1', 'title' => 'NT Expands 3G Services in 75 Districts ', 'sub_title' => '', 'summary' => 'October 7: Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G serv', 'content' => '<p>October 7<strong>: </strong>Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G service in the country from June 2007. The service was initially limited within Ring Road of the Kathmandu Valley. Now, the service has reached to all 75 districts in the country.</p> <p><strong>NT's Festive Offer </strong></p> <p>Nepal Telecom (NT) has announced a range of discount schemes for its customers on the occasion of Dashain, Tihar and Chhath festivals. As per the issued statement, NT is providing 100 MB data at Rs 50 and 250 MB at Rs 100 between October 1 to 15 and October 28 to November 6. The 100 MB data offer is valid for 5 days, while the 250 MB pack can be used for 10 days. Under these offers, the users can use 10 minutes of voice call and 10 SMSs and 25 minutes of voice call and 25 SMSs respectively. Similarly, GSM and CDMA customers will get a 10 percent discount on every voice call within its own network, which means the call tariff for prepaid mobile users will be Rs1.35 per minute and for postpaid users Rs0.90 per minute.<br /> <br /> <br /> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4423', 'image' => '20161007015015_ntc.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4592', 'article_category_id' => '1', 'title' => 'Himalayan Distillery Launches Royal Treasure', 'sub_title' => '', 'summary' => 'October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.', 'content' => '<p style="text-align: justify;">October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.</p> <p style="text-align: justify;">Himalayan Distillery, a subsidiary of Jawalakhel Group of Industries, also produces premium whisky brands - Seagram's Royal Stag and Blender's Pride, a statement issued on Thursday said. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4422', 'image' => '20161007014454_himalayan distillery.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4591', 'article_category_id' => '1', 'title' => 'Jagadamba Cement Bags NS Quality Award 2016', 'sub_title' => '', 'summary' => 'October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. ', 'content' => '<p style="text-align: justify;">October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. </p> <p style="text-align: justify;"><br /> Nabindra Raj Joshi, Minister of Industry handed over the award to Agrawal on its 17th standard award ceremony. The company had received the award in 2014 as well. “The company has been producing cement under the brands Ultra, Force, Jagadamba and Mount since eight years,” said Agrawal.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4421', 'image' => '20161007012047_jagadamba.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4590', 'article_category_id' => '1', 'title' => 'Panasonic Unveils Three New Handsets', 'sub_title' => '', 'summary' => 'October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.', 'content' => '<p style="text-align: justify;">October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.</p> <p style="text-align: justify;">According to the company, Eluga Note has 5.5 inch FHD IPS Display, 4G connectivity, Android 6.6 Marshmallow, Octa-core processor, 16 megapixels rear camera and five MP front camera. It also features 3 GB RAM, 32 GB ROM and powered by 3,000 mAh battery usage. Similarly, Eluga Arc 2 has 5.0 inch HD IPS, 2.5 D front and back covered dragon trial screen, 4G connectivity, Android 6.0 Marshmallow and Quadcore processor. It comes with 8 MP rear camera with LED flash, 5 MP front camera, 3 GB RAM, 32 GB ROM. It is powered by 2,450 mAh battery usage, IR sensor, turbo download and OTG support.</p> <p style="text-align: justify;">Similarly, Eluga I 2 is engineered with 5.0 inch IPS screen, 4G connectivity, Android 5.1 Lollipop, Quad-core processor. It comes with 3 GB RAM, 16 GB ROM, 8 MP back camera with LED flash, 5 MP front camera with front LED flash. It is powered by 2,000 mAh battery usage. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4420', 'image' => '20161007125949_panasonic.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4589', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accidental Insurance Amount', 'sub_title' => '', 'summary' => 'October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Guman', 'content' => '<p style="text-align: justify;">October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Gumanju, an account holder at Bhaktapur branch of the bank who lost his life in an accident. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over the cheque of Rs 424,167 to Gumanju.</p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4419', 'image' => '20161007124322_nb bank.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4588', 'article_category_id' => '1', 'title' => 'Vibor Society Shifts Narayangath Branch', 'sub_title' => '', 'summary' => 'October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.', 'content' => '<p style="text-align: justify;">October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.</p> <p style="text-align: justify;">According to the bank, it provides various banking services to the customers including different types of deposits and lending products, ATM, ABBS and mobile banking. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4418', 'image' => '20161007115526_vibor.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4587', 'article_category_id' => '1', 'title' => 'Om Devt to Distribute 29% Dividend', 'sub_title' => '', 'summary' => 'October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is ', 'content' => '<p style="text-align: justify;">October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is subjected to approval from Nepal Rastra Bank and upcoming annual general meeting of the bank. After the distribution of bonus share, the paid-up capital of the bank will reach Rs 1.36 billion. Om Development Bank is a merged entity established after the merger of City Development Bank and Om Finance. Presently, it has 25 branches. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4417', 'image' => '20161007114107_om deve.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4586', 'article_category_id' => '1', 'title' => 'Dev Bikash Bank Opens Branch at Kholesimal ', 'sub_title' => '', 'summary' => ' October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.', 'content' => '<p style="text-align: justify;">October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4416', 'image' => '20161007112021_dev.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4585', 'article_category_id' => '1', 'title' => 'Shakya Elected HAN President', 'sub_title' => '', 'summary' => 'October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45th AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.', 'content' => '<p style="text-align: justify;">October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45<sup>th</sup> AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.</p> <p style="text-align: justify;">Srijana Rana of Annapurna Hotel and Binod Shankar Shrestha of Shankar Hotel have been elected First Vice-President and Second Vice-President respectively. Similarly, Binayak Shah, Managing Director of Airport Hotel is the General Secretary and Sunil Shakya of Park Village is the Treasurer in the new committee.</p> <p style="text-align: justify;">Meanwhile, Ghanashyam Shrestha of Western Hotel Association Chitwan was unanimously elected as the member representing the regional hotels.</p> <p style="text-align: justify;">Likewise, Dinesh Bista, PravinBahadur Pandey, Dinesh Tuladhar, Bishal Kumar, Rakesh Das Shrestha, Yuvraj Shrestha, Ramkumar Puri, Devendra Wagle, ThakurPrashad Pokharel, Sajan Shakya, Biplav Poudel, Ghanshyam Shrestha, CP Shrestha and Asit Rana have been elected as members. The AGM coincides with the Golden Jubilee of HAN. The Association has celebrated the occasion by organising various programmes from September 30 to October 2.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4415', 'image' => '20161006050305_HAAN.JPG', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4584', 'article_category_id' => '1', 'title' => 'Shangri-La Dashain Special Package', 'sub_title' => '', 'summary' => 'October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. ', 'content' => '<p style="text-align: justify;">October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. According to the hotel, the package is categorised in two shifts, one as the daytime lunch from 12:30 pm to 3:30 pm and another as dinner from 7pm to 10pm.</p> <p style="text-align: justify;">The package will include Samaye Baji (newari beaten rice) at Rs 500, Spiced Black Soybean at Rs 400, Chicken Sekuwa at Ra 500, Spiced Mutton at Rs 600, Mushroom Soup and Mutton Leg Soup at Rs 350. Likewise, Thai veg and non-veg packages have been priced at Rs 1,100 and Rs 1,400 respectively. Similarly, in the dessert menu, spiced fruits and Dashain Special Cheese Cake are available at Rs 300 and Rs 450 respectively. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4414', 'image' => '20161006031841_HOTEL SANGRILA.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4583', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to take Recovery Path in 2017: WB', 'sub_title' => '', 'summary' => 'October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be furth', 'content' => '<p style="text-align: justify;">October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be further supported by increased investments as the earthquake recovery gains momentum,” states the report. The devastating earthquakes of last year and the boarder crisis brought manufacturing to a near standstill between September 2015 and February 2016 which led to the slowest growth in 14 years. </p> <p style="text-align: justify;">The bank mentions that though the imports of goods managed to rebound quickly after the trade disruptions however, exports have not regained the same position with slow exports to India. “The external sector has so far remained resilient due to high level of remittances. While remittances picked up in the last three months of FY 2015/16, the effect is largely seasonal,” says the bank. The report analysing seasonally adjusted data observes contraction in remittances starting in August 2015 and a growth rate has remained negative since.</p> <p style="text-align: justify;">Similarly, the report also highlights continued high inflation in Nepal. “Despite normalisation in supplies and favorable external environment, a sharp uptick in housing rental prices in Nepal following the earthquake has been contributed largely to inflation,” notes the bank.</p> <p style="text-align: justify;">Meanwhile, the report also shows its concerns over the declining quality of government spending and lack of budget realism. “The 71 percent of total capital expenditure was spent in the last quarter and massive 50 percent in last one month of the FY 2016/17,” says the report. “It is a significant deterioration compared to the last four years.”</p> <p style="text-align: justify;">As per the bank, the actual budget expenditure fell far short in budget outlay for post-earthquake reconstruction that needed substantial increases during the past two years. “The planned outlay for the FY 2016 budget was 33.5 percent of Gross Domestic Product (GDP) while actual expenditure remained 23 percent of GDP,” reads the report. </p> <p style="text-align: justify;">The World Bank has termed the budget for FY2016/17 as ‘ambitious’. “The FY 2017 budget is even more ambitious, with the target of 36.5 percent of GDP – an increase of 14 percent of GDP compared to FY 2016 actual spending - which is also unlikely to be met,” says the report.</p> <p style="text-align: justify;">Though the growth is expected to improve however, the report highlights downside risk to this forecast with domestic risks predominating. The bank predicts that the unsettled border demarcation issues, frequent change in government and a series of upcoming elections by the beginning of 2018 are also likely to add to policy uncertainty.</p> <p style="text-align: justify;">This year’s edition of the Nepal Development Update has specially focused on the need of clean, reliable and affordable electricity for longer term growth of Nepal. The report titled ‘Powering Recovery’ outlines wholesale structural reforms of the electricity sector that are needed to achieve this vision. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4413', 'image' => '20161006030743_world bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4582', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Shifts Pokhara Branch', 'sub_title' => '', 'summary' => 'October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director o', 'content' => '<p style="text-align: justify;">October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director of Nepal Rastra Bank, Pokhara and Dinesh Shankar Palikhe, Board Member of the bank. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4412', 'image' => '20161006020509_Siddhartha bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4596', 'article_category_id' => '1', 'title' => 'Govt Approves Structure of Bidyut Utpadan Company ', 'sub_title' => '', 'summary' => 'October 7: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects. ', 'content' => '<p>October 07: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects.</p> <p> “The company will be established with a 29 percent share investment of the general Public, residents of the project affected districts and highly marginalized citizens,” said Energy Minister Janardan Sharma. The structure of the company has been approved for the implementation of National Energy-Crisis Minimisation Workplan along with other short-term and long-term plans.</p> <p>The establishment of the company has been granted permission as an autonomous entity as per the Companies Act, 2063. The company will have Rs 30 billion in paid-up capital, Rs 20 billion in authorised capital of, Rs 10 billion in issued capital and Rs 2 billion as capital pledged by the promoter.</p> <p> The company will be constructing the 410MW Budhigandaki Project, 245 MW Naumure Project, 536 MW Sunkoshi III Project and 900MW Karnali Project. The structure of the company was approved after some changes in the proposed stake composition by the Ministry of Energy. The ministry earlier proposed a 23 percent share to the general public which has been reduced to 17 per cent. Similarly, the share of Nepal Telecom has been increased to 10 percent from four percent.</p> <p><strong>Hedging fund for minimising risks </strong></p> <p>Earlier on October 4, energy minister Sharma shared some of the important steps to facilitate the hydropower development. Speaking at a conference, he said that the government is preparing to establish a hedging fund in order to minimise the risks associated to the fluctuation in forex rates during the time of power purchase agreements (PPAs) in US Dollar with the developers of the projects. He also informed about the simplification of licensing and PPA procedures, government decision to construct some projects of NEA through subsidiary companies and large scale expansion of transmission lines.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4426', 'image' => '20161007030010_hydro.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4595', 'article_category_id' => '1', 'title' => 'Nepal Life Launches E-Banking Premium Payment', 'sub_title' => '', 'summary' => 'October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement,', 'content' => '<p style="text-align: justify;">October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement, the service is available to the individuals having account in Nepal Investment Bank at present. "The service has been started for the convenience of the insured that will save time and helps to avoid late charge," the company informs. The company claims that the service is the first of its kind in the insurance sector of the country. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4425', 'image' => '20161007020804_nepal life.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4594', 'article_category_id' => '1', 'title' => 'Mangaldeep’s Dashain-Tihar Offer', 'sub_title' => '', 'summary' => 'October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.', 'content' => '<p style="text-align: justify;">October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.</p> <p style="text-align: justify;">Under the scheme, the consumers who buy special pack of Mangaldeep FOT silver and chandan (three packets per box) will get 3D lenticular photos of goddesses Durga Bhawani and Laxmi. Similarly, the consumers can purchase special pack of Mangaldeep FOT silver (four packets per box) at Rs 350 after Rs 50 discount. The company will provide Rs 25 discount on the purchase of Chandan (10 packets per box) to its customers. The buyers of Mangaldeep Arpan, which is recently introduced in the market, will get one match box (Teer salai) free under the scheme. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4424', 'image' => '20161007015654_mangaldeep.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4593', 'article_category_id' => '1', 'title' => 'NT Expands 3G Services in 75 Districts ', 'sub_title' => '', 'summary' => 'October 7: Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G serv', 'content' => '<p>October 7<strong>: </strong>Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G service in the country from June 2007. The service was initially limited within Ring Road of the Kathmandu Valley. Now, the service has reached to all 75 districts in the country.</p> <p><strong>NT's Festive Offer </strong></p> <p>Nepal Telecom (NT) has announced a range of discount schemes for its customers on the occasion of Dashain, Tihar and Chhath festivals. As per the issued statement, NT is providing 100 MB data at Rs 50 and 250 MB at Rs 100 between October 1 to 15 and October 28 to November 6. The 100 MB data offer is valid for 5 days, while the 250 MB pack can be used for 10 days. Under these offers, the users can use 10 minutes of voice call and 10 SMSs and 25 minutes of voice call and 25 SMSs respectively. Similarly, GSM and CDMA customers will get a 10 percent discount on every voice call within its own network, which means the call tariff for prepaid mobile users will be Rs1.35 per minute and for postpaid users Rs0.90 per minute.<br /> <br /> <br /> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4423', 'image' => '20161007015015_ntc.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4592', 'article_category_id' => '1', 'title' => 'Himalayan Distillery Launches Royal Treasure', 'sub_title' => '', 'summary' => 'October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.', 'content' => '<p style="text-align: justify;">October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.</p> <p style="text-align: justify;">Himalayan Distillery, a subsidiary of Jawalakhel Group of Industries, also produces premium whisky brands - Seagram's Royal Stag and Blender's Pride, a statement issued on Thursday said. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4422', 'image' => '20161007014454_himalayan distillery.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4591', 'article_category_id' => '1', 'title' => 'Jagadamba Cement Bags NS Quality Award 2016', 'sub_title' => '', 'summary' => 'October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. ', 'content' => '<p style="text-align: justify;">October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. </p> <p style="text-align: justify;"><br /> Nabindra Raj Joshi, Minister of Industry handed over the award to Agrawal on its 17th standard award ceremony. The company had received the award in 2014 as well. “The company has been producing cement under the brands Ultra, Force, Jagadamba and Mount since eight years,” said Agrawal.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4421', 'image' => '20161007012047_jagadamba.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4590', 'article_category_id' => '1', 'title' => 'Panasonic Unveils Three New Handsets', 'sub_title' => '', 'summary' => 'October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.', 'content' => '<p style="text-align: justify;">October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.</p> <p style="text-align: justify;">According to the company, Eluga Note has 5.5 inch FHD IPS Display, 4G connectivity, Android 6.6 Marshmallow, Octa-core processor, 16 megapixels rear camera and five MP front camera. It also features 3 GB RAM, 32 GB ROM and powered by 3,000 mAh battery usage. Similarly, Eluga Arc 2 has 5.0 inch HD IPS, 2.5 D front and back covered dragon trial screen, 4G connectivity, Android 6.0 Marshmallow and Quadcore processor. It comes with 8 MP rear camera with LED flash, 5 MP front camera, 3 GB RAM, 32 GB ROM. It is powered by 2,450 mAh battery usage, IR sensor, turbo download and OTG support.</p> <p style="text-align: justify;">Similarly, Eluga I 2 is engineered with 5.0 inch IPS screen, 4G connectivity, Android 5.1 Lollipop, Quad-core processor. It comes with 3 GB RAM, 16 GB ROM, 8 MP back camera with LED flash, 5 MP front camera with front LED flash. It is powered by 2,000 mAh battery usage. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4420', 'image' => '20161007125949_panasonic.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4589', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accidental Insurance Amount', 'sub_title' => '', 'summary' => 'October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Guman', 'content' => '<p style="text-align: justify;">October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Gumanju, an account holder at Bhaktapur branch of the bank who lost his life in an accident. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over the cheque of Rs 424,167 to Gumanju.</p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4419', 'image' => '20161007124322_nb bank.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4588', 'article_category_id' => '1', 'title' => 'Vibor Society Shifts Narayangath Branch', 'sub_title' => '', 'summary' => 'October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.', 'content' => '<p style="text-align: justify;">October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.</p> <p style="text-align: justify;">According to the bank, it provides various banking services to the customers including different types of deposits and lending products, ATM, ABBS and mobile banking. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4418', 'image' => '20161007115526_vibor.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4587', 'article_category_id' => '1', 'title' => 'Om Devt to Distribute 29% Dividend', 'sub_title' => '', 'summary' => 'October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is ', 'content' => '<p style="text-align: justify;">October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is subjected to approval from Nepal Rastra Bank and upcoming annual general meeting of the bank. After the distribution of bonus share, the paid-up capital of the bank will reach Rs 1.36 billion. Om Development Bank is a merged entity established after the merger of City Development Bank and Om Finance. Presently, it has 25 branches. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4417', 'image' => '20161007114107_om deve.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4586', 'article_category_id' => '1', 'title' => 'Dev Bikash Bank Opens Branch at Kholesimal ', 'sub_title' => '', 'summary' => ' October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.', 'content' => '<p style="text-align: justify;">October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4416', 'image' => '20161007112021_dev.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4585', 'article_category_id' => '1', 'title' => 'Shakya Elected HAN President', 'sub_title' => '', 'summary' => 'October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45th AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.', 'content' => '<p style="text-align: justify;">October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45<sup>th</sup> AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.</p> <p style="text-align: justify;">Srijana Rana of Annapurna Hotel and Binod Shankar Shrestha of Shankar Hotel have been elected First Vice-President and Second Vice-President respectively. Similarly, Binayak Shah, Managing Director of Airport Hotel is the General Secretary and Sunil Shakya of Park Village is the Treasurer in the new committee.</p> <p style="text-align: justify;">Meanwhile, Ghanashyam Shrestha of Western Hotel Association Chitwan was unanimously elected as the member representing the regional hotels.</p> <p style="text-align: justify;">Likewise, Dinesh Bista, PravinBahadur Pandey, Dinesh Tuladhar, Bishal Kumar, Rakesh Das Shrestha, Yuvraj Shrestha, Ramkumar Puri, Devendra Wagle, ThakurPrashad Pokharel, Sajan Shakya, Biplav Poudel, Ghanshyam Shrestha, CP Shrestha and Asit Rana have been elected as members. The AGM coincides with the Golden Jubilee of HAN. The Association has celebrated the occasion by organising various programmes from September 30 to October 2.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4415', 'image' => '20161006050305_HAAN.JPG', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4584', 'article_category_id' => '1', 'title' => 'Shangri-La Dashain Special Package', 'sub_title' => '', 'summary' => 'October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. ', 'content' => '<p style="text-align: justify;">October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. According to the hotel, the package is categorised in two shifts, one as the daytime lunch from 12:30 pm to 3:30 pm and another as dinner from 7pm to 10pm.</p> <p style="text-align: justify;">The package will include Samaye Baji (newari beaten rice) at Rs 500, Spiced Black Soybean at Rs 400, Chicken Sekuwa at Ra 500, Spiced Mutton at Rs 600, Mushroom Soup and Mutton Leg Soup at Rs 350. Likewise, Thai veg and non-veg packages have been priced at Rs 1,100 and Rs 1,400 respectively. Similarly, in the dessert menu, spiced fruits and Dashain Special Cheese Cake are available at Rs 300 and Rs 450 respectively. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4414', 'image' => '20161006031841_HOTEL SANGRILA.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4583', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to take Recovery Path in 2017: WB', 'sub_title' => '', 'summary' => 'October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be furth', 'content' => '<p style="text-align: justify;">October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be further supported by increased investments as the earthquake recovery gains momentum,” states the report. The devastating earthquakes of last year and the boarder crisis brought manufacturing to a near standstill between September 2015 and February 2016 which led to the slowest growth in 14 years. </p> <p style="text-align: justify;">The bank mentions that though the imports of goods managed to rebound quickly after the trade disruptions however, exports have not regained the same position with slow exports to India. “The external sector has so far remained resilient due to high level of remittances. While remittances picked up in the last three months of FY 2015/16, the effect is largely seasonal,” says the bank. The report analysing seasonally adjusted data observes contraction in remittances starting in August 2015 and a growth rate has remained negative since.</p> <p style="text-align: justify;">Similarly, the report also highlights continued high inflation in Nepal. “Despite normalisation in supplies and favorable external environment, a sharp uptick in housing rental prices in Nepal following the earthquake has been contributed largely to inflation,” notes the bank.</p> <p style="text-align: justify;">Meanwhile, the report also shows its concerns over the declining quality of government spending and lack of budget realism. “The 71 percent of total capital expenditure was spent in the last quarter and massive 50 percent in last one month of the FY 2016/17,” says the report. “It is a significant deterioration compared to the last four years.”</p> <p style="text-align: justify;">As per the bank, the actual budget expenditure fell far short in budget outlay for post-earthquake reconstruction that needed substantial increases during the past two years. “The planned outlay for the FY 2016 budget was 33.5 percent of Gross Domestic Product (GDP) while actual expenditure remained 23 percent of GDP,” reads the report. </p> <p style="text-align: justify;">The World Bank has termed the budget for FY2016/17 as ‘ambitious’. “The FY 2017 budget is even more ambitious, with the target of 36.5 percent of GDP – an increase of 14 percent of GDP compared to FY 2016 actual spending - which is also unlikely to be met,” says the report.</p> <p style="text-align: justify;">Though the growth is expected to improve however, the report highlights downside risk to this forecast with domestic risks predominating. The bank predicts that the unsettled border demarcation issues, frequent change in government and a series of upcoming elections by the beginning of 2018 are also likely to add to policy uncertainty.</p> <p style="text-align: justify;">This year’s edition of the Nepal Development Update has specially focused on the need of clean, reliable and affordable electricity for longer term growth of Nepal. The report titled ‘Powering Recovery’ outlines wholesale structural reforms of the electricity sector that are needed to achieve this vision. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4413', 'image' => '20161006030743_world bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4582', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Shifts Pokhara Branch', 'sub_title' => '', 'summary' => 'October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director o', 'content' => '<p style="text-align: justify;">October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director of Nepal Rastra Bank, Pokhara and Dinesh Shankar Palikhe, Board Member of the bank. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4412', 'image' => '20161006020509_Siddhartha bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4596', 'article_category_id' => '1', 'title' => 'Govt Approves Structure of Bidyut Utpadan Company ', 'sub_title' => '', 'summary' => 'October 7: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects. ', 'content' => '<p>October 07: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects.</p> <p> “The company will be established with a 29 percent share investment of the general Public, residents of the project affected districts and highly marginalized citizens,” said Energy Minister Janardan Sharma. The structure of the company has been approved for the implementation of National Energy-Crisis Minimisation Workplan along with other short-term and long-term plans.</p> <p>The establishment of the company has been granted permission as an autonomous entity as per the Companies Act, 2063. The company will have Rs 30 billion in paid-up capital, Rs 20 billion in authorised capital of, Rs 10 billion in issued capital and Rs 2 billion as capital pledged by the promoter.</p> <p> The company will be constructing the 410MW Budhigandaki Project, 245 MW Naumure Project, 536 MW Sunkoshi III Project and 900MW Karnali Project. The structure of the company was approved after some changes in the proposed stake composition by the Ministry of Energy. The ministry earlier proposed a 23 percent share to the general public which has been reduced to 17 per cent. Similarly, the share of Nepal Telecom has been increased to 10 percent from four percent.</p> <p><strong>Hedging fund for minimising risks </strong></p> <p>Earlier on October 4, energy minister Sharma shared some of the important steps to facilitate the hydropower development. Speaking at a conference, he said that the government is preparing to establish a hedging fund in order to minimise the risks associated to the fluctuation in forex rates during the time of power purchase agreements (PPAs) in US Dollar with the developers of the projects. He also informed about the simplification of licensing and PPA procedures, government decision to construct some projects of NEA through subsidiary companies and large scale expansion of transmission lines.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4426', 'image' => '20161007030010_hydro.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4595', 'article_category_id' => '1', 'title' => 'Nepal Life Launches E-Banking Premium Payment', 'sub_title' => '', 'summary' => 'October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement,', 'content' => '<p style="text-align: justify;">October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement, the service is available to the individuals having account in Nepal Investment Bank at present. "The service has been started for the convenience of the insured that will save time and helps to avoid late charge," the company informs. The company claims that the service is the first of its kind in the insurance sector of the country. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4425', 'image' => '20161007020804_nepal life.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4594', 'article_category_id' => '1', 'title' => 'Mangaldeep’s Dashain-Tihar Offer', 'sub_title' => '', 'summary' => 'October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.', 'content' => '<p style="text-align: justify;">October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.</p> <p style="text-align: justify;">Under the scheme, the consumers who buy special pack of Mangaldeep FOT silver and chandan (three packets per box) will get 3D lenticular photos of goddesses Durga Bhawani and Laxmi. Similarly, the consumers can purchase special pack of Mangaldeep FOT silver (four packets per box) at Rs 350 after Rs 50 discount. The company will provide Rs 25 discount on the purchase of Chandan (10 packets per box) to its customers. The buyers of Mangaldeep Arpan, which is recently introduced in the market, will get one match box (Teer salai) free under the scheme. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4424', 'image' => '20161007015654_mangaldeep.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4593', 'article_category_id' => '1', 'title' => 'NT Expands 3G Services in 75 Districts ', 'sub_title' => '', 'summary' => 'October 7: Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G serv', 'content' => '<p>October 7<strong>: </strong>Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G service in the country from June 2007. The service was initially limited within Ring Road of the Kathmandu Valley. Now, the service has reached to all 75 districts in the country.</p> <p><strong>NT's Festive Offer </strong></p> <p>Nepal Telecom (NT) has announced a range of discount schemes for its customers on the occasion of Dashain, Tihar and Chhath festivals. As per the issued statement, NT is providing 100 MB data at Rs 50 and 250 MB at Rs 100 between October 1 to 15 and October 28 to November 6. The 100 MB data offer is valid for 5 days, while the 250 MB pack can be used for 10 days. Under these offers, the users can use 10 minutes of voice call and 10 SMSs and 25 minutes of voice call and 25 SMSs respectively. Similarly, GSM and CDMA customers will get a 10 percent discount on every voice call within its own network, which means the call tariff for prepaid mobile users will be Rs1.35 per minute and for postpaid users Rs0.90 per minute.<br /> <br /> <br /> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4423', 'image' => '20161007015015_ntc.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4592', 'article_category_id' => '1', 'title' => 'Himalayan Distillery Launches Royal Treasure', 'sub_title' => '', 'summary' => 'October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.', 'content' => '<p style="text-align: justify;">October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.</p> <p style="text-align: justify;">Himalayan Distillery, a subsidiary of Jawalakhel Group of Industries, also produces premium whisky brands - Seagram's Royal Stag and Blender's Pride, a statement issued on Thursday said. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4422', 'image' => '20161007014454_himalayan distillery.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4591', 'article_category_id' => '1', 'title' => 'Jagadamba Cement Bags NS Quality Award 2016', 'sub_title' => '', 'summary' => 'October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. ', 'content' => '<p style="text-align: justify;">October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. </p> <p style="text-align: justify;"><br /> Nabindra Raj Joshi, Minister of Industry handed over the award to Agrawal on its 17th standard award ceremony. The company had received the award in 2014 as well. “The company has been producing cement under the brands Ultra, Force, Jagadamba and Mount since eight years,” said Agrawal.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4421', 'image' => '20161007012047_jagadamba.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4590', 'article_category_id' => '1', 'title' => 'Panasonic Unveils Three New Handsets', 'sub_title' => '', 'summary' => 'October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.', 'content' => '<p style="text-align: justify;">October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.</p> <p style="text-align: justify;">According to the company, Eluga Note has 5.5 inch FHD IPS Display, 4G connectivity, Android 6.6 Marshmallow, Octa-core processor, 16 megapixels rear camera and five MP front camera. It also features 3 GB RAM, 32 GB ROM and powered by 3,000 mAh battery usage. Similarly, Eluga Arc 2 has 5.0 inch HD IPS, 2.5 D front and back covered dragon trial screen, 4G connectivity, Android 6.0 Marshmallow and Quadcore processor. It comes with 8 MP rear camera with LED flash, 5 MP front camera, 3 GB RAM, 32 GB ROM. It is powered by 2,450 mAh battery usage, IR sensor, turbo download and OTG support.</p> <p style="text-align: justify;">Similarly, Eluga I 2 is engineered with 5.0 inch IPS screen, 4G connectivity, Android 5.1 Lollipop, Quad-core processor. It comes with 3 GB RAM, 16 GB ROM, 8 MP back camera with LED flash, 5 MP front camera with front LED flash. It is powered by 2,000 mAh battery usage. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4420', 'image' => '20161007125949_panasonic.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4589', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accidental Insurance Amount', 'sub_title' => '', 'summary' => 'October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Guman', 'content' => '<p style="text-align: justify;">October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Gumanju, an account holder at Bhaktapur branch of the bank who lost his life in an accident. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over the cheque of Rs 424,167 to Gumanju.</p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4419', 'image' => '20161007124322_nb bank.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4588', 'article_category_id' => '1', 'title' => 'Vibor Society Shifts Narayangath Branch', 'sub_title' => '', 'summary' => 'October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.', 'content' => '<p style="text-align: justify;">October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.</p> <p style="text-align: justify;">According to the bank, it provides various banking services to the customers including different types of deposits and lending products, ATM, ABBS and mobile banking. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4418', 'image' => '20161007115526_vibor.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4587', 'article_category_id' => '1', 'title' => 'Om Devt to Distribute 29% Dividend', 'sub_title' => '', 'summary' => 'October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is ', 'content' => '<p style="text-align: justify;">October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is subjected to approval from Nepal Rastra Bank and upcoming annual general meeting of the bank. After the distribution of bonus share, the paid-up capital of the bank will reach Rs 1.36 billion. Om Development Bank is a merged entity established after the merger of City Development Bank and Om Finance. Presently, it has 25 branches. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4417', 'image' => '20161007114107_om deve.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4586', 'article_category_id' => '1', 'title' => 'Dev Bikash Bank Opens Branch at Kholesimal ', 'sub_title' => '', 'summary' => ' October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.', 'content' => '<p style="text-align: justify;">October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4416', 'image' => '20161007112021_dev.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4585', 'article_category_id' => '1', 'title' => 'Shakya Elected HAN President', 'sub_title' => '', 'summary' => 'October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45th AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.', 'content' => '<p style="text-align: justify;">October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45<sup>th</sup> AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.</p> <p style="text-align: justify;">Srijana Rana of Annapurna Hotel and Binod Shankar Shrestha of Shankar Hotel have been elected First Vice-President and Second Vice-President respectively. Similarly, Binayak Shah, Managing Director of Airport Hotel is the General Secretary and Sunil Shakya of Park Village is the Treasurer in the new committee.</p> <p style="text-align: justify;">Meanwhile, Ghanashyam Shrestha of Western Hotel Association Chitwan was unanimously elected as the member representing the regional hotels.</p> <p style="text-align: justify;">Likewise, Dinesh Bista, PravinBahadur Pandey, Dinesh Tuladhar, Bishal Kumar, Rakesh Das Shrestha, Yuvraj Shrestha, Ramkumar Puri, Devendra Wagle, ThakurPrashad Pokharel, Sajan Shakya, Biplav Poudel, Ghanshyam Shrestha, CP Shrestha and Asit Rana have been elected as members. The AGM coincides with the Golden Jubilee of HAN. The Association has celebrated the occasion by organising various programmes from September 30 to October 2.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4415', 'image' => '20161006050305_HAAN.JPG', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4584', 'article_category_id' => '1', 'title' => 'Shangri-La Dashain Special Package', 'sub_title' => '', 'summary' => 'October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. ', 'content' => '<p style="text-align: justify;">October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. According to the hotel, the package is categorised in two shifts, one as the daytime lunch from 12:30 pm to 3:30 pm and another as dinner from 7pm to 10pm.</p> <p style="text-align: justify;">The package will include Samaye Baji (newari beaten rice) at Rs 500, Spiced Black Soybean at Rs 400, Chicken Sekuwa at Ra 500, Spiced Mutton at Rs 600, Mushroom Soup and Mutton Leg Soup at Rs 350. Likewise, Thai veg and non-veg packages have been priced at Rs 1,100 and Rs 1,400 respectively. Similarly, in the dessert menu, spiced fruits and Dashain Special Cheese Cake are available at Rs 300 and Rs 450 respectively. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4414', 'image' => '20161006031841_HOTEL SANGRILA.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4583', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to take Recovery Path in 2017: WB', 'sub_title' => '', 'summary' => 'October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be furth', 'content' => '<p style="text-align: justify;">October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be further supported by increased investments as the earthquake recovery gains momentum,” states the report. The devastating earthquakes of last year and the boarder crisis brought manufacturing to a near standstill between September 2015 and February 2016 which led to the slowest growth in 14 years. </p> <p style="text-align: justify;">The bank mentions that though the imports of goods managed to rebound quickly after the trade disruptions however, exports have not regained the same position with slow exports to India. “The external sector has so far remained resilient due to high level of remittances. While remittances picked up in the last three months of FY 2015/16, the effect is largely seasonal,” says the bank. The report analysing seasonally adjusted data observes contraction in remittances starting in August 2015 and a growth rate has remained negative since.</p> <p style="text-align: justify;">Similarly, the report also highlights continued high inflation in Nepal. “Despite normalisation in supplies and favorable external environment, a sharp uptick in housing rental prices in Nepal following the earthquake has been contributed largely to inflation,” notes the bank.</p> <p style="text-align: justify;">Meanwhile, the report also shows its concerns over the declining quality of government spending and lack of budget realism. “The 71 percent of total capital expenditure was spent in the last quarter and massive 50 percent in last one month of the FY 2016/17,” says the report. “It is a significant deterioration compared to the last four years.”</p> <p style="text-align: justify;">As per the bank, the actual budget expenditure fell far short in budget outlay for post-earthquake reconstruction that needed substantial increases during the past two years. “The planned outlay for the FY 2016 budget was 33.5 percent of Gross Domestic Product (GDP) while actual expenditure remained 23 percent of GDP,” reads the report. </p> <p style="text-align: justify;">The World Bank has termed the budget for FY2016/17 as ‘ambitious’. “The FY 2017 budget is even more ambitious, with the target of 36.5 percent of GDP – an increase of 14 percent of GDP compared to FY 2016 actual spending - which is also unlikely to be met,” says the report.</p> <p style="text-align: justify;">Though the growth is expected to improve however, the report highlights downside risk to this forecast with domestic risks predominating. The bank predicts that the unsettled border demarcation issues, frequent change in government and a series of upcoming elections by the beginning of 2018 are also likely to add to policy uncertainty.</p> <p style="text-align: justify;">This year’s edition of the Nepal Development Update has specially focused on the need of clean, reliable and affordable electricity for longer term growth of Nepal. The report titled ‘Powering Recovery’ outlines wholesale structural reforms of the electricity sector that are needed to achieve this vision. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4413', 'image' => '20161006030743_world bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4582', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Shifts Pokhara Branch', 'sub_title' => '', 'summary' => 'October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director o', 'content' => '<p style="text-align: justify;">October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director of Nepal Rastra Bank, Pokhara and Dinesh Shankar Palikhe, Board Member of the bank. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4412', 'image' => '20161006020509_Siddhartha bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects. ', 'content' => '<p>October 07: The government has approved the structure of the proposed Bidyut Utpadan Company Limited. The cabinet meeting held on October 6 took the decision. The establishment of such entity has long been deemed necessary for the development of storage-type hydel projects.</p> <p> “The company will be established with a 29 percent share investment of the general Public, residents of the project affected districts and highly marginalized citizens,” said Energy Minister Janardan Sharma. The structure of the company has been approved for the implementation of National Energy-Crisis Minimisation Workplan along with other short-term and long-term plans.</p> <p>The establishment of the company has been granted permission as an autonomous entity as per the Companies Act, 2063. The company will have Rs 30 billion in paid-up capital, Rs 20 billion in authorised capital of, Rs 10 billion in issued capital and Rs 2 billion as capital pledged by the promoter.</p> <p> The company will be constructing the 410MW Budhigandaki Project, 245 MW Naumure Project, 536 MW Sunkoshi III Project and 900MW Karnali Project. The structure of the company was approved after some changes in the proposed stake composition by the Ministry of Energy. The ministry earlier proposed a 23 percent share to the general public which has been reduced to 17 per cent. Similarly, the share of Nepal Telecom has been increased to 10 percent from four percent.</p> <p><strong>Hedging fund for minimising risks </strong></p> <p>Earlier on October 4, energy minister Sharma shared some of the important steps to facilitate the hydropower development. Speaking at a conference, he said that the government is preparing to establish a hedging fund in order to minimise the risks associated to the fluctuation in forex rates during the time of power purchase agreements (PPAs) in US Dollar with the developers of the projects. He also informed about the simplification of licensing and PPA procedures, government decision to construct some projects of NEA through subsidiary companies and large scale expansion of transmission lines.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4426', 'image' => '20161007030010_hydro.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4595', 'article_category_id' => '1', 'title' => 'Nepal Life Launches E-Banking Premium Payment', 'sub_title' => '', 'summary' => 'October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement,', 'content' => '<p style="text-align: justify;">October 7: Nepal Life insurance has started e-banking under which service seekers can make easy payment of insurance premium from elsewhere. As per the issued press statement, the service is available to the individuals having account in Nepal Investment Bank at present. "The service has been started for the convenience of the insured that will save time and helps to avoid late charge," the company informs. The company claims that the service is the first of its kind in the insurance sector of the country. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4425', 'image' => '20161007020804_nepal life.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4594', 'article_category_id' => '1', 'title' => 'Mangaldeep’s Dashain-Tihar Offer', 'sub_title' => '', 'summary' => 'October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.', 'content' => '<p style="text-align: justify;">October 7: Surya Nepal, the manufacturer of Mangaldeep incense sticks has launched a scheme to its customers on the occasion of Dashain-Tihar. According to the company, it aims to avail its products easily among the consumers along with providing divine experience of using superior and special product to the customers through the scheme.</p> <p style="text-align: justify;">Under the scheme, the consumers who buy special pack of Mangaldeep FOT silver and chandan (three packets per box) will get 3D lenticular photos of goddesses Durga Bhawani and Laxmi. Similarly, the consumers can purchase special pack of Mangaldeep FOT silver (four packets per box) at Rs 350 after Rs 50 discount. The company will provide Rs 25 discount on the purchase of Chandan (10 packets per box) to its customers. The buyers of Mangaldeep Arpan, which is recently introduced in the market, will get one match box (Teer salai) free under the scheme. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4424', 'image' => '20161007015654_mangaldeep.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4593', 'article_category_id' => '1', 'title' => 'NT Expands 3G Services in 75 Districts ', 'sub_title' => '', 'summary' => 'October 7: Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G serv', 'content' => '<p>October 7<strong>: </strong>Nepal Telecom (NT) has expanded its 3G data service to all 75 districts in the country. Issuing a press statement on Thursday, the company said the service had been made available in Dunai of Dolpa and Simikot of Humla as well. Nepal Telecom had started 3G service in the country from June 2007. The service was initially limited within Ring Road of the Kathmandu Valley. Now, the service has reached to all 75 districts in the country.</p> <p><strong>NT's Festive Offer </strong></p> <p>Nepal Telecom (NT) has announced a range of discount schemes for its customers on the occasion of Dashain, Tihar and Chhath festivals. As per the issued statement, NT is providing 100 MB data at Rs 50 and 250 MB at Rs 100 between October 1 to 15 and October 28 to November 6. The 100 MB data offer is valid for 5 days, while the 250 MB pack can be used for 10 days. Under these offers, the users can use 10 minutes of voice call and 10 SMSs and 25 minutes of voice call and 25 SMSs respectively. Similarly, GSM and CDMA customers will get a 10 percent discount on every voice call within its own network, which means the call tariff for prepaid mobile users will be Rs1.35 per minute and for postpaid users Rs0.90 per minute.<br /> <br /> <br /> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4423', 'image' => '20161007015015_ntc.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4592', 'article_category_id' => '1', 'title' => 'Himalayan Distillery Launches Royal Treasure', 'sub_title' => '', 'summary' => 'October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.', 'content' => '<p style="text-align: justify;">October 7: Himalayan Distillery has launched Royal Treasure Premium Whisky in the Nepali market on the occasion of Dashain. The product has been released in variants of 750 ml, 375 ml and 180 ml, priced at Rs 1,200, Rs 600 and Rs 300 respectively. The product will be available in selected outlets across the country.</p> <p style="text-align: justify;">Himalayan Distillery, a subsidiary of Jawalakhel Group of Industries, also produces premium whisky brands - Seagram's Royal Stag and Blender's Pride, a statement issued on Thursday said. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4422', 'image' => '20161007014454_himalayan distillery.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4591', 'article_category_id' => '1', 'title' => 'Jagadamba Cement Bags NS Quality Award 2016', 'sub_title' => '', 'summary' => 'October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. ', 'content' => '<p style="text-align: justify;">October 7: Department of Quality and Standards Nepal has awarded Subha Shree Jagadamba Cement with Nepal Standard Quality Award 2015. According to Rajesh Agrawal, Managing director of the company, the bureau awarded the industry for its high quality in production and management. </p> <p style="text-align: justify;"><br /> Nabindra Raj Joshi, Minister of Industry handed over the award to Agrawal on its 17th standard award ceremony. The company had received the award in 2014 as well. “The company has been producing cement under the brands Ultra, Force, Jagadamba and Mount since eight years,” said Agrawal.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4421', 'image' => '20161007012047_jagadamba.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4590', 'article_category_id' => '1', 'title' => 'Panasonic Unveils Three New Handsets', 'sub_title' => '', 'summary' => 'October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.', 'content' => '<p style="text-align: justify;">October 7: Allied Trade Link, the authorised distributor of Panasonic smartphone has introduced three models of Panasonic smartphones in the market. The company introduced Eluga Note, Eluga Arc and Eluga I 2 in the market.</p> <p style="text-align: justify;">According to the company, Eluga Note has 5.5 inch FHD IPS Display, 4G connectivity, Android 6.6 Marshmallow, Octa-core processor, 16 megapixels rear camera and five MP front camera. It also features 3 GB RAM, 32 GB ROM and powered by 3,000 mAh battery usage. Similarly, Eluga Arc 2 has 5.0 inch HD IPS, 2.5 D front and back covered dragon trial screen, 4G connectivity, Android 6.0 Marshmallow and Quadcore processor. It comes with 8 MP rear camera with LED flash, 5 MP front camera, 3 GB RAM, 32 GB ROM. It is powered by 2,450 mAh battery usage, IR sensor, turbo download and OTG support.</p> <p style="text-align: justify;">Similarly, Eluga I 2 is engineered with 5.0 inch IPS screen, 4G connectivity, Android 5.1 Lollipop, Quad-core processor. It comes with 3 GB RAM, 16 GB ROM, 8 MP back camera with LED flash, 5 MP front camera with front LED flash. It is powered by 2,000 mAh battery usage. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4420', 'image' => '20161007125949_panasonic.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4589', 'article_category_id' => '1', 'title' => 'NB Bank Provides Accidental Insurance Amount', 'sub_title' => '', 'summary' => 'October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Guman', 'content' => '<p style="text-align: justify;">October 7: Nepal Bangladesh (NB) Bank has provided accidental insurance amount to its saving account holder under accidental insurance facility. The bank has provided the insurance amount to Meena Gumanju, wife of late Raju Gumanju, an account holder at Bhaktapur branch of the bank who lost his life in an accident. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over the cheque of Rs 424,167 to Gumanju.</p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4419', 'image' => '20161007124322_nb bank.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4588', 'article_category_id' => '1', 'title' => 'Vibor Society Shifts Narayangath Branch', 'sub_title' => '', 'summary' => 'October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.', 'content' => '<p style="text-align: justify;">October 7: Vibor Society Development Bank has shifted its Narayangath branch. The bank has shifted its branch based on Narayangath to Lions' Chowk from Purano Bazaar. Sushil Raj Parajuli, Chairman of the bank inaugurated the branch amid a function.</p> <p style="text-align: justify;">According to the bank, it provides various banking services to the customers including different types of deposits and lending products, ATM, ABBS and mobile banking. </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4418', 'image' => '20161007115526_vibor.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4587', 'article_category_id' => '1', 'title' => 'Om Devt to Distribute 29% Dividend', 'sub_title' => '', 'summary' => 'October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is ', 'content' => '<p style="text-align: justify;">October 7: Om Development Bank is distributing 29 percent dividend to its shareholders. The decision regarding dividend was taken by the recently held board of directors' meeting of the bank. The decision, however, is subjected to approval from Nepal Rastra Bank and upcoming annual general meeting of the bank. After the distribution of bonus share, the paid-up capital of the bank will reach Rs 1.36 billion. Om Development Bank is a merged entity established after the merger of City Development Bank and Om Finance. Presently, it has 25 branches. </p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4417', 'image' => '20161007114107_om deve.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4586', 'article_category_id' => '1', 'title' => 'Dev Bikash Bank Opens Branch at Kholesimal ', 'sub_title' => '', 'summary' => ' October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.', 'content' => '<p style="text-align: justify;">October 7: Dev Bikash Bank has started a branch at Kholesimal, Chitwan. Issuing a press statement, the bank informed of opening the branch organising a program on October 6. With the opening, the network of branches of the bank has reached 37. According to the bank, it has started the branch as per the Nepal Rastra Bank's policy of providing banking services to rural areas through the expansion of branches.</p> <p> </p> ', 'published' => true, 'created' => '2016-10-07', 'modified' => '2016-10-07', 'keywords' => '', 'description' => '', 'sortorder' => '4416', 'image' => '20161007112021_dev.jpg', 'article_date' => '2016-10-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4585', 'article_category_id' => '1', 'title' => 'Shakya Elected HAN President', 'sub_title' => '', 'summary' => 'October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45th AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.', 'content' => '<p style="text-align: justify;">October 2: A new executive committee has been formed in Hotel Association of Nepal (HAAN). The 45<sup>th</sup> AGM of the Association held at Soaltee Hotel on October 2 elected the new committee under the leadership of Amarman Shakya, owner of Ektare Hotel.</p> <p style="text-align: justify;">Srijana Rana of Annapurna Hotel and Binod Shankar Shrestha of Shankar Hotel have been elected First Vice-President and Second Vice-President respectively. Similarly, Binayak Shah, Managing Director of Airport Hotel is the General Secretary and Sunil Shakya of Park Village is the Treasurer in the new committee.</p> <p style="text-align: justify;">Meanwhile, Ghanashyam Shrestha of Western Hotel Association Chitwan was unanimously elected as the member representing the regional hotels.</p> <p style="text-align: justify;">Likewise, Dinesh Bista, PravinBahadur Pandey, Dinesh Tuladhar, Bishal Kumar, Rakesh Das Shrestha, Yuvraj Shrestha, Ramkumar Puri, Devendra Wagle, ThakurPrashad Pokharel, Sajan Shakya, Biplav Poudel, Ghanshyam Shrestha, CP Shrestha and Asit Rana have been elected as members. The AGM coincides with the Golden Jubilee of HAN. The Association has celebrated the occasion by organising various programmes from September 30 to October 2.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4415', 'image' => '20161006050305_HAAN.JPG', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4584', 'article_category_id' => '1', 'title' => 'Shangri-La Dashain Special Package', 'sub_title' => '', 'summary' => 'October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. ', 'content' => '<p style="text-align: justify;">October 06: Shangri-La Hotel has launched a special package of on the occasion Dashain. Organizing a press conference on October 5, the hotel informed that the ‘Dashain Bhoj’ package will be available from October 9 to 12. According to the hotel, the package is categorised in two shifts, one as the daytime lunch from 12:30 pm to 3:30 pm and another as dinner from 7pm to 10pm.</p> <p style="text-align: justify;">The package will include Samaye Baji (newari beaten rice) at Rs 500, Spiced Black Soybean at Rs 400, Chicken Sekuwa at Ra 500, Spiced Mutton at Rs 600, Mushroom Soup and Mutton Leg Soup at Rs 350. Likewise, Thai veg and non-veg packages have been priced at Rs 1,100 and Rs 1,400 respectively. Similarly, in the dessert menu, spiced fruits and Dashain Special Cheese Cake are available at Rs 300 and Rs 450 respectively. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4414', 'image' => '20161006031841_HOTEL SANGRILA.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4583', 'article_category_id' => '1', 'title' => 'Nepal’s Economy to take Recovery Path in 2017: WB', 'sub_title' => '', 'summary' => 'October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be furth', 'content' => '<p style="text-align: justify;">October 04: The World Bank has expected Nepal’s economic growth to be five percent 2017 after two years of sub-par growth. According to the bank’s biannual Nepal Development Update, the growth is expected to improve on the back of a normal monsoon that is likely to boost the country’s agricultural output. “It will be further supported by increased investments as the earthquake recovery gains momentum,” states the report. The devastating earthquakes of last year and the boarder crisis brought manufacturing to a near standstill between September 2015 and February 2016 which led to the slowest growth in 14 years. </p> <p style="text-align: justify;">The bank mentions that though the imports of goods managed to rebound quickly after the trade disruptions however, exports have not regained the same position with slow exports to India. “The external sector has so far remained resilient due to high level of remittances. While remittances picked up in the last three months of FY 2015/16, the effect is largely seasonal,” says the bank. The report analysing seasonally adjusted data observes contraction in remittances starting in August 2015 and a growth rate has remained negative since.</p> <p style="text-align: justify;">Similarly, the report also highlights continued high inflation in Nepal. “Despite normalisation in supplies and favorable external environment, a sharp uptick in housing rental prices in Nepal following the earthquake has been contributed largely to inflation,” notes the bank.</p> <p style="text-align: justify;">Meanwhile, the report also shows its concerns over the declining quality of government spending and lack of budget realism. “The 71 percent of total capital expenditure was spent in the last quarter and massive 50 percent in last one month of the FY 2016/17,” says the report. “It is a significant deterioration compared to the last four years.”</p> <p style="text-align: justify;">As per the bank, the actual budget expenditure fell far short in budget outlay for post-earthquake reconstruction that needed substantial increases during the past two years. “The planned outlay for the FY 2016 budget was 33.5 percent of Gross Domestic Product (GDP) while actual expenditure remained 23 percent of GDP,” reads the report. </p> <p style="text-align: justify;">The World Bank has termed the budget for FY2016/17 as ‘ambitious’. “The FY 2017 budget is even more ambitious, with the target of 36.5 percent of GDP – an increase of 14 percent of GDP compared to FY 2016 actual spending - which is also unlikely to be met,” says the report.</p> <p style="text-align: justify;">Though the growth is expected to improve however, the report highlights downside risk to this forecast with domestic risks predominating. The bank predicts that the unsettled border demarcation issues, frequent change in government and a series of upcoming elections by the beginning of 2018 are also likely to add to policy uncertainty.</p> <p style="text-align: justify;">This year’s edition of the Nepal Development Update has specially focused on the need of clean, reliable and affordable electricity for longer term growth of Nepal. The report titled ‘Powering Recovery’ outlines wholesale structural reforms of the electricity sector that are needed to achieve this vision. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4413', 'image' => '20161006030743_world bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4582', 'article_category_id' => '1', 'title' => 'Siddhartha Bank Shifts Pokhara Branch', 'sub_title' => '', 'summary' => 'October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director o', 'content' => '<p style="text-align: justify;">October 6: Siddhartha Bank has shifted its Pokhara based New Road branch to Saleways Tower on 5th October. The ceremony was jointly inaugurated by Chiranjibi Chapagain,Director of Nepal Rastra Bank, Pokhara and Dinesh Shankar Palikhe, Board Member of the bank. </p> ', 'published' => true, 'created' => '2016-10-06', 'modified' => '2016-10-06', 'keywords' => '', 'description' => '', 'sortorder' => '4412', 'image' => '20161006020509_Siddhartha bank.jpg', 'article_date' => '2016-10-06 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
