Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2359',
			'article_category_id' => '135',
			'title' => 'Nepal-India Trade Expo- 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:18px;">Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Pradeep Kumar Kedia" src="/userfiles/images/VC%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />&lsquo;The Expo can form the basis of rapid economic development.&rsquo;</strong></span></div>
<div>
	<strong>Pradeep Kumar Kedia</strong></div>
<div>
	<strong>Sr. Vice President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The international trade expo, which is going to be held in Birgunj, a major commercial hub of the country, is a solid way to promote trade. It can also be utilized as a platform to better manage our internal and external markets. For instance, the Expo will be a good platform for exchanging information about our local products including their specialties and comparative advantage. This will be important as we have found that in many cases even the domestic consumers are ignorant about the domestic products. This ignorance is a big hurdle in promoting the local products in the domestic market.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will bring the producers and consumers together at the same platform, two-way communication about the various aspects of the products displayed in the Expo will be possible. This will greatly promote the use of domestic products. Import substitution is not possible without the easy availability of and enough information about the domestic products. Thus, the Expo will be a good opportunity for reducing imports and promoting the consumption of domestic products.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will feature products and technologies from outside the country as well, we can expect a lot of interaction on the diversity of products and their usability. This will help in increasing productivity through the exchange of technology.</div>
<div>
	&nbsp;</div>
<div>
	Nepal is incurring a huge trade deficit at present. The export import ratio is 1:8 at present. The Expo will help increase our exports and thus there is a huge possibility of reducing the trade deficit.</div>
<div>
	&nbsp;</div>
<div>
	We have a huge trade deficit with India for the simple reason that the bulk of our international trade is with India. As a high number of Indian producers and traders will participate in the Expo, we can be hopeful that the interaction with them will help in promoting our exports to the southern neighbour. In this way the Expo will be a golden opportunity which can form the basis of the country&rsquo;s rapid economic growth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="KC Lamichane,  Chairman, Federation of Nepali Journalists, Parsa" src="/userfiles/images/VC1%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 227px;" />&lsquo;Good opportunity for economic development&rsquo;<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	<strong>KC Lamichane&nbsp;</strong></div>
<div>
	<strong>Chairman, Federation of Nepali Journalists, Parsa</strong></div>
<div>
	&nbsp;</div>
<div>
	The country should march forward to the direction of social and economic transformation by institutionalizing the political change. There is always a threat of losing political achievements if the economic situation of the country is not sound. There is unfavourable environment for industrial development and degradation of the rule of law at present which leads to sluggish economic development. Economic activities amidst such instability can lead the country towards economic stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We consider Birgunj as the financial capital of the country as 70 per cent of total industrial investment and 60 per cent of commercial transaction takes place in this city. With this background, &lsquo;Nepal-India Trade Expo-2014&rsquo; is being organized by Birgunj Chamber of Commerce and Industry and Minds Nepal in association with other commercial houses in Birgunj.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The organizers are expecting a business transaction of around Rs 200million while around 500,000 visitors are anticipated to visit the Expo. The organizers have various other bases to anticipate the success of this Expo. Since Birgunj is located near the border, Indian citizens are also expected to visit this Expo. The commercialization of local products and promotion of local and international services in the Expo can play the role in promoting export, strengthening economic mechanisms and import substitution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The world has moved ahead in technology. Moving forward by incorporating the technology can increase competitiveness. The Nepali economy can develop with the use of new technologies. The economic activities in the country have been sluggish with the decline in the productive sector. The Expo can play a significant role to reenergize the Nepali economy in the international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Expo should focus mainly on two things. First, it should announce the Birgunj-Pathlaiya corridor as an industrial corridor by mounting some kind of pressure on the state for infrastructure development. Similarly, this Expo will help in the creation of jobs, sharing of technical knowledge and exploring market for goods and services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We need cooperation and coordination among all the concerned stakeholders to make the Expo a grand success.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Ravindra Kumar Barnawal" src="/userfiles/images/VC2%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 231px;" />&lsquo;The Expo will have a multidimensional effect&rsquo;</strong></span></div>
<div>
	<strong>Ravindra Kumar Barnawal</strong></div>
<div>
	<strong>Secretary, Birgunj&nbsp;</strong></div>
<div>
	<strong>Coordinator</strong></div>
<div>
	<strong>Stall booking sub-committee</strong></div>
<div>
	<strong>Nepal-India Business&nbsp;</strong></div>
<div>
	<strong>Expo-2014</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal-India Expo Trade that is to be held in Birgunj is a golden opportunity for Nepal and other neighboring countries to flourish their business. It is equally important for the other countries as well as this Expo will provide them the platform to create market for their services and technology. Apart from Nepal and India, products from Bangladesh, Pakistan, and Bhutan will be displayed in the Expo. Even though the main aim of this Expo is to flourish trade, it is undoubtedly true that it will leave a positive impact on other sectors as well. Thus, its effects are multidimensional. The trade Expo will not only help to provide international recognition to Nepali products, but also to promote our products in the Indian market. &nbsp;The Expo that is scheduled to take place in Birgunj, the economic capital of Nepal, will help to set a milestone in the growth of the national economy while also providing opportunity for increment for exports. It can be guaranteed that while helping in the development of the industrial sector, the Expo will also help in solving the problem of unemployment. Even today, 7 hundred thousands of Nepali manpower is working abroad which has caused shortage of skilled manpower here in the country. Such types of Expo will be productive in leading the country towards economic growth by increasing internal as well as external trade through industrialization. Similarly, the Expo will also contribute in minimizing business loses through increase in exports. As the bulk of our trade deficit is with India, the Expo should focus on lowering the trade deficit. The Expo will also provide an opportunity to resolve bilateral trade barriers. Nepal&rsquo;s agricultural sector is still traditional and we have not been able to focus on production of goods that have comparative advantage. So, it is essential that we take information about agricultural technology from India and even if we decide to adopt it, we can expect the outcome to be positive. Likewise, the Expo equally focuses on diversification. The Expo will also provide trainings from experienced trainers on various issues such as branding of education, trade and products and corporate communication.</div>',
			'published' => true,
			'created' => '2013-12-30',
			'modified' => '2013-12-30',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:',
			'sortorder' => '2203',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '1846',
			'article_category_id' => '135',
			'title' => 'Economic Expectations After Election',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<div>
	<strong>Prof Dr Yubraj Sangroula</strong></div>
<div>
	<div>
		<strong>Former Attorney General,</strong></div>
	<div>
		<strong>Founder and Executive Director of the Kathmandu School of Law (KSL)</strong><br />
		<br />
		&nbsp;</div>
</div>
<div>
	Looking at the past manifestoes of political parties, focus on poverty reduction and economic and social integration seems to be only a political gimmick to win votes. These manifestoes seem unrealistic and are made without enough homework. This election is no different from those held in the past. After the election, we can expect the same old talks by political parties on the restructuring of the state and its policies. The political parties&rsquo; commitment toward big projects like hydro power, roadways and transport are still &nbsp;to be proven. However, I am optimistic that these big projects will begin after the election - if not for the nation and the people, &nbsp;they will do it for personal benefit. As a professor, I would say that if the same situation of manipulating students into dirty politics of shutting universities down for months continues, a lot of colleges and universities will be forced to close for good.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="jagadish" src="/userfiles/images/jagadish.jpg" style="margin-left: 10px; margin-right: 10px; margin-top: 10px; margin-bottom: 10px; " /></div>
<div>
	<strong>Jagadish Rathi</strong></div>
<div>
	<strong>Chairman, Tax and Revenue Committee, Federation of Nepalese Chamber of Commerce and Industry (FNCCI)</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We have faced more than a decade of conflict and several years of political instability. Therefore, this election brings hope for the economy. We are expecting concrete implementation of economic plans rather than speeches from political leaders. We are facing the worst power crisis ever and there has to be some short term plan to mitigate it. The long heard blathers of producing 10,000-20,000 MW of electricity has to be stopped and transmission lines must be installed instead. There is a lot to expect and demand for the economy after elections.<br />
	<br />
	Despite being an agriculture-based country, Nepal has failed to capitalize on agricultural products as it has not kept up with modern agro technologies to meet the supply deficit. Infrastructural barriers like poor road and transportation systems have also hindered the smooth functioning of business. We have not been able to cash on our tourism industry due to some obvious political reasons. Our tourism is based on pilgrimage sites like Lumbini, Janakpur, Muktinath and many others which we have not been able to build on. But we must look beyond to newer possibilities. In collaboration with the Nepal Tourism Board, we have a big opportunity to making the country an educational hub, and in order to meet this demand, construction of the next international airport in Nijgad must be resumed. All of these infrastructures have to be built and we have to realize that remittance cannot be a long term solution for the economy.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'new business age voices news & articles, voices news & articles from new business age nepal, voices headlines from nepal,  current and latest voices news from nepal, economic news from nepal, nepali voices economic news and events, ongoing voices news of nepal',
			'description' => 'The upcoming election seems to be eagerly awaited for by all the sections of the Nepali society. This week, The Corporate Weekly brings the views of a legal expert and a business Leader:',
			'sortorder' => '1707',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '1807',
			'article_category_id' => '135',
			'title' => '‘Nepal Should Wait And Watch’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate &nbsp;on nepal&rsquo;s currency policy: &nbsp;whether to leave the Nepali currency pegged on the Indian Rupee, or to just devalue it to reflect the current realities asNepal imports most of the daily necessites and industria raw material and the exportable surplus is very low.The Corporate Weekly this week spoke to economists to gather their views on the debate. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Prof Dr Navaraj Kandel" src="/userfiles/images/nd.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 146px;" />Prof Dr Navaraj Kandel</span></strong></div>
<div>
	<span style="font-size:14px;">Central Department of Economics, Tribhuvan University</span></div>
<div>
	The most prominent impact of the increasing value of the US dollar against the Rupee would be a sharp rise in the price of imported goods. The tendency of businessmen in countries like Nepal is to increase the prices when the value of dollar rises but to make very small reduction in prices when the dollar devaluates. This leaves the consumer victimized. Therefore, it is better to leave our currency pegged as we import most products from India and this pegged policy gives us a very stable market.</div>
<div>
	&nbsp; &nbsp;&nbsp;</div>
<div>
	<span style="font-size:14px;"><img alt="Prithvi Raj Ligal" src="/userfiles/images/prl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 141px;" /><strong>Prithvi Raj Ligal</strong></span></div>
<div>
	<span style="font-size:14px;">Former Vice-Chairman, National planning commission</span></div>
<div>
	Nepal has deeply rooted economic relations with India and has pegged its currency with India&rsquo;s so that there is stability in the currency. The peg to maintain smooth trade and commercial relations with the world at large. Despite many informal trade relations with India, our market remains stable thanks to the peg. However, according to the IMF, in comparison to the Indian currency in the past 3-4 years, the Nepali Rupee has devaluated by 15 per cent. Therefore, these policies have to be evaluated by comparing both countries&rsquo; currency values. However, the consistent devaluation of the Indian Rupee is definitely making market prices unstable, as businessmen have &nbsp;started setting prices of the imported goods according to their own forecasts of currency values in the immediate future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deependra Bahadur Kshetry" src="/userfiles/images/dbk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 151px;" />Deependra Bahadur Kshetry</span></strong></div>
<div>
	<span style="font-size:14px;">Former governor, Nepal Rastra Ban</span>k</div>
<div>
	It should not be debated whether the currency has to be pegged or not. The debate, rather, should be about how to avoid such devaluation. Since Nepal Rastra Bank has already made it clear that it will not remove the peg, and since our economy is very fragile at this point, the country might face a great inflation if we remove the peg abruptly. The Indian economy has been working a lot to unwind this devaluation, therefore we will have to wait and watch till there is certain level of stability in the Indian Rupee. We should also try and increase our foreign currency reserve. If that is not possible we should try to maintain it at the current level.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-16',
			'modified' => '2013-09-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate  on nepal’s currency policy:  whether to leave the Nepali currency pegged on the Indian Rupee,',
			'sortorder' => '1668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '1724',
			'article_category_id' => '135',
			'title' => 'Auto Oil Pricing Mechanism',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The hostility of the oil price hyping continues to threaten the economic social development rights of the people. This tends to effect more to the 80 per cent of the working class, middle class, and the people living below the threshold level least effecting the 20 per cent of the elite who continue to consume almost 60 per cent&nbsp;</span><span style="font-size: 14px;">of the national &nbsp;income. This augmentation on oil price is not only effecting the oil consumer but has even devastating effect on the poor when the price of all other basic necessities hype to a greater level but there is no shift in the income level of the 80 per cent even if there is least possibility.</span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Saroj Pandey, Former president, Nepal Petroleum Dealers’ Association (NPDA)" src="/userfiles/images/dsp.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />Saroj Pandey</span></strong></div>
<div>
	<span style="font-size:14px;"><em>Former president, Nepal Petroleum Dealers&rsquo; Association (NPDA)</em></span></div>
<div>
	&nbsp;</div>
<div>
	One of the major reasons behind the oil pricing mechanism is the oil politics, the bigger picture lies behind the veil that is reluctance of both political parties and the National Oil Corporation (NOC). The NOC being one of the biggest pitch for corruption, this extreme incompetence of the two sides is leading the country towards black hole of economic detriment. The reluctance can be seen, after facing so many oil crisis and dispute. The NOC has not been able to set any petroleum regulatory mechanism nor does the government have it been able to bring any sort of law and act regarding petroleum distribution and regulation. This incompetence of the government and the NOC is leading frustration among the people and also among private investors. This mismanagement of corporation and constant oppression to the people will have to come to an end. &nbsp;If they cannot run the country and the corporation they will have to raise their hands to surrender the oil pricing mechanism to the market forces. There I suggest the Government to wash their hands off the dirty politics and the private investor to maintain their ethics and give justice to this crisis.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deepak Subedi,Spokesperson, Ministry of Commerce and Supplies " src="/userfiles/images/ds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 232px;" />Deepak Subedi</span></strong></div>
<div>
	<em><span style="font-size:14px;">Spokesperson, Ministry&nbsp;</span><span style="font-size: 14px;">of Commerce and Supplies&nbsp;</span></em></div>
<div>
	&nbsp;</div>
<div>
	The budget has clearly decided to take on the auto pricing mechanism and the government is slowly moving toward the required policy formation to adopt the system, it is a gradual process because if the prices are abruptly left on the auto mechanism there would be rapid growth of inflation which could make the situation even more chaotic. Looking at the past, the previous governments had constantly tried to raise the price of the oil, which led to protest. Then the government was forced to revoke those decisions immediately. But this government &nbsp; seems committed and is looking for a long term solution .Because of the over hiking debts this government has decided cut subsides.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The hostility of the oil price hyping continues to threaten the economic social development rights of the people.',
			'sortorder' => '1585',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '1593',
			'article_category_id' => '135',
			'title' => 'Maximum Participation A Must For Power Summit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Independent Power Producers&rsquo; Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers. This is the 4th such event being organised by IPPAN and invitations have already been sent to investors and foreign delegates. The organisers expect the summit to create a favourable environment for the hydropower sector. The Corporate caught up with IPPAN representatives to find out about preparations for the event. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Subarna Das Shrestha, President, IPPAN" src="/userfiles/images/sds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 174px;" /><strong>Subarna Das Shrestha</strong></div>
<div>
	<em>President, IPPAN</em></div>
<div>
	IPPAN is deeply committed towards making the event successful. We are highlighting the importance and potential of hydropower this year and spreading the word to investors, representatives from different financial institutions and foreign delegations. We are expecting around 500 participants this year and believe that if we are able to attract more foreign participants, the summit could be considered successful. If we convince the foreign delegates of our project proposals, we will be attracting investment funds from them which will help implement hydropower projects more smoothly. Similarly, we are focused to convince the government too. The ongoing power shortage is halting the growth of the economy. The summit can help in creating an environment conducive for successful completion of all hydropower projects. We are trying our best to make it informative and useful.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Khadk Bahadur Bisht Vice President, IPPAN" src="/userfiles/images/kbb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 175px;" /><strong>Khadk Bahadur Bisht</strong></div>
<div>
	<em>Vice President, IPPAN</em></div>
<div>
	I believe that there will be maximum participation to make the Power Summit successful. Earlier, many developers came for hydropower projects but they gradually vanished which was not good for the sector. Based on this, I would say that the summit will be successful if it is able to attract developers in a large number. At a time when the energy crisis is high, the summit should be able to address the prerequisites of the hydropower sector and convince the government, developers and investors. There should be qualified speakers and appropriate projects presented to make this possible. As political instability affects economic growth, the summit should address the issue of political commitment and legal and regulatory framework. It should also address the demands of developers. Similarly, various workshops focusing on core areas, like export-oriented projects with direct foreign investment and power market mechanism, will help make the summit successful.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-12',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Independent Power Producers’ Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers.',
			'sortorder' => '1454',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '1546',
			'article_category_id' => '135',
			'title' => 'New Monetary Policy To Be Directive',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts:&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari&nbsp;</strong></div>
<div>
	<em>President, Bankers&rsquo; Association&nbsp;</em></div>
<div>
	Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
	<em>CEO, Commerce and Trust Bank&nbsp;</em></div>
<div>
	A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Hari Bhakta Sharma  Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
	<em>Vice President, Confederation of Nepalese Industries (CNI)&nbsp;</em></div>
<div>
	The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents&rsquo; salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-04',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary.',
			'sortorder' => '1407',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1453',
			'article_category_id' => '135',
			'title' => 'FY 2013-14 Budget: Positive Towards Every Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years. Some experts, however, expressed their dissatisfactions over the programmes introduced by the government. The Corporate has gathered views from experts and business communities regarding Budget 2013-14. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sekhar Golchha President Nepal Automobile Dealers’ Association (NADA" src="/userfiles/images/shekhar%20golcha.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 126px;" /><strong>Sekhar Golchha&nbsp;</strong></div>
<div>
	<em>President&nbsp;</em></div>
<div>
	<em>Nepal Automobile Dealers&rsquo; Association (NADA)&nbsp;</em></div>
<div>
	Full-fledged budget was not introduced since long. This year, the government introduced full- fledged budget and we think this is a good beginning. A full-fledged budget, despite its shortcomings, will help economy to move forward. We had requested the government to reduce the tax levied on automobiles but government did not do that. Except on alcohol and tobacco, the government has not changed the tax on goods. In this context, there is no space to show our dissatisfaction to the government. If taxes were decreased, it would have helped to increase the economy. Budget has targeted to provide roads to every district, which will have positive impact on business of automobiles. Actually, roads and transportation are the key element for economic growth.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Ashok Temani Immediate Past President Birgunj Chamber of Commerce and Industry (BiCCI)" src="/userfiles/images/Ashok%20Temani.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Ashok Temani&nbsp;</strong></div>
<div>
	<em>Immediate Past President&nbsp;</em></div>
<div>
	<em>Birgunj Chamber of Commerce and Industry (BiCCI)&nbsp;</em></div>
<div>
	Budget has covered every aspect. It has focused on physical infrastructure, including energy which is quite positive and commendable. It is worth mention here that five percent economic growth is possible if the major provisions of the budget are implemented effectively. The budget has earmarked money to construct infrastructure for railway, build international airport at Nijgadh, generation of electricity and transmission lines for electricity. These are some instances of development friendly budget allocation. Similarly, government has promised to implement &lsquo;One Village One Product Programme&rsquo;, to develop the agricultural business and to build a ware-house in Kolkata to ease foreign trade.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Barsha Man Pun,Former Finance Minister" src="/userfiles/images/Barsha%20Man%20Pun.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 115px;" /><strong>Barsha Man Pun</strong></div>
<div>
	<em>Former Finance Minister&nbsp;</em></div>
<div>
	The government has brought programmes violating earlier agreement with the political parties. The size of the budget is quite big and Rs 16 million allocated to hold elections is not justifiable. There is a high chance of manipulation of such a big amount. Political parties had suggested the government to allocate Rs 10 million for the purpose of election. Despite being an election government, this government has brought a number of populist programmes. Similarly, long- term programmes have been added to the budget. It shows that the government is trying to lengthen its tenure.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-22',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years.',
			'sortorder' => '1314',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1330',
			'article_category_id' => '135',
			'title' => 'Can The New Government Change Any Policy?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="">
	<font face="arial, helvetica, sans-serif">The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16. In this process, the government is also preparing to change some policies. However, there are views that argue that as this government’s mandate is only to hold the coming elections, it must not change any of the existing policies. The Corporate talked with some experts about the issue. Excerpts:</font></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chiranjibi Nepal,Principal Advisor,Ministry of Finance" height="154" src="https://lh4.googleusercontent.com/-tbX4iUnBeMI/UdqSwI79ZHI/AAAAAAAAA9Q/WbppY81OG8c/s154/Dr%2520Chiranjibi%2520Nepal.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif"><b>Dr Chiranjibi Nepal&nbsp;</b></font></p>
<p>
	<font face="arial, helvetica, sans-serif">Principal Advisor&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">Ministry of Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">The present government can definitely change the existing policies as required and bring new programmes. The 25-point agreement between the major political parties while appointing this government has cleared the way to introduce budget by this government with necessary changes in policies. It is very important to bring budget in time or else the economic growth rate will be hampered. The government has set the target of 7 per cent economic growth by 2015 and it is possible only if the existing government can change some policies as required to expedite capital expenditure. I think, major political parties agree on this.</font></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chandra Mani Adhikari,Economist" height="154" src="https://lh3.googleusercontent.com/-D4KjA3oW-Sg/UdqSwHmogLI/AAAAAAAAA9I/HrJV-OS51jU/s291/Dr%2520Chandra%2520Mani.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><span style="color: rgb(34, 30, 31);">Dr Chandra Mani Adhikari<span class="Apple-tab-span" style="white-space: pre;"> </span></span></strong></span></span></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">Economist&nbsp;</font></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">In my opinion, this government cannot change the existing policies. The government should bring full budget to ensure effective expenditure planning in the coming fiscal year. The government, however, should not be ambitious and bring the budget in a manner that an elected government does. I think the government should take care of at least three issues. It should not introduce new programmes, it should not change policies and should not initiate big projects. Similarly, the government should not make the size of budget too large. In the revenue front, government cannot change the existing revenue policy but it can change tax rates, if needed.</font></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><span style="color: rgb(34, 30, 31);"><br />
	</span></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Hariraj Khewa Limbu,Former Minister of State for Finance" height="154" src="https://lh6.googleusercontent.com/-W0eUyWktWIE/UdqSwN4jIaI/AAAAAAAAA9U/c8kYEHsiZ6s/s287/Hariraj%2520Khewa%2520Limbu.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong>Hariraj Khewa Limbu,</strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif">Former Minister of State for Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">This government does not have the right to change the existing policies, and it should adhere to the ones adopted by the Baburam Bhattarai-led government. The government should solely focus on the Constituent Assembly elections. The primary concern for now is to form a good Constituent Assembly. This government’s only responsibility to hold election. It does not have any right to bring new programmes and policies. Moreover, as the focus should be on the elections, the government does not have time to effectively formulate new policies and monitor them, which might lead to corruption. There will be no mechanism to check corrupt activities in the absence of an elected body.</font></p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-08',
			'modified' => '2013-07-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16.',
			'sortorder' => '1192',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '1138',
			'article_category_id' => '135',
			'title' => 'Full-fledged, Timely Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
<!--[if gte mso 9]><xml>
 <w:WordDocument>
  <w:View>Normal</w:View>
  <w:Zoom>0</w:Zoom>
  <w:TrackMoves/>
  <w:TrackFormatting/>
  <w:PunctuationKerning/>
  <w:ValidateAgainstSchemas/>
  <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
  <w:IgnoreMixedContent>false</w:IgnoreMixedContent>
  <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
  <w:DoNotPromoteQF/>
  <w:LidThemeOther>EN-US</w:LidThemeOther>
  <w:LidThemeAsian>X-NONE</w:LidThemeAsian>
  <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
  <w:Compatibility>
   <w:BreakWrappedTables/>
   <w:SnapToGridInCell/>
   <w:WrapTextWithPunct/>
   <w:UseAsianBreakRules/>
   <w:DontGrowAutofit/>
   <w:SplitPgBreakAndParaMark/>
   <w:DontVertAlignCellWithSp/>
   <w:DontBreakConstrainedForcedTables/>
   <w:DontVertAlignInTxbx/>
   <w:Word11KerningPairs/>
   <w:CachedColBalance/>
  </w:Compatibility>
  <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
  <m:mathPr>
   <m:mathFont m:val="Cambria Math"/>
   <m:brkBin m:val="before"/>
   <m:brkBinSub m:val="--"/>
   <m:smallFrac m:val="off"/>
   <m:dispDef/>
   <m:lMargin m:val="0"/>
   <m:rMargin m:val="0"/>
   <m:defJc m:val="centerGroup"/>
   <m:wrapIndent m:val="1440"/>
   <m:intLim m:val="subSup"/>
   <m:naryLim m:val="undOvr"/>
  </m:mathPr></w:WordDocument>
</xml><![endif]--></p>
<p class="Pa21" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Delay in passage of the government’s budget during the past few years has had a telling effect on the economy. As the government prepares its budget for the upcoming fiscal year, The Corporate talked to to representatives of the private sector and the government about it. Excerpts: </span></span></span></strong></p>
<p>
	 </p>
<p>
<!--[if gte mso 9]><xml>
 <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
  DefSemiHidden="true" DefQFormat="false" DefPriority="99"
  LatentStyleCount="267">
  <w:LsdException Locked="false" Priority="0" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
  <w:LsdException Locked="false" Priority="9" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 1"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 2"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 3"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 4"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 5"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 6"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 7"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 8"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 9"/>
  <w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
  <w:LsdException Locked="false" Priority="10" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Title"/>
  <w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
  <w:LsdException Locked="false" Priority="11" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
  <w:LsdException Locked="false" Priority="22" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
  <w:LsdException Locked="false" Priority="20" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
  <w:LsdException Locked="false" Priority="59" SemiHidden="false"
   UnhideWhenUsed="false" Name="Table Grid"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
  <w:LsdException Locked="false" Priority="1" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 1"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
  <w:LsdException Locked="false" Priority="34" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
  <w:LsdException Locked="false" Priority="29" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
  <w:LsdException Locked="false" Priority="30" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 1"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 2"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 2"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 3"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 3"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 4"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 4"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 5"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 5"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 6"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 6"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="19" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
  <w:LsdException Locked="false" Priority="21" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
  <w:LsdException Locked="false" Priority="31" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
  <w:LsdException Locked="false" Priority="32" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
  <w:LsdException Locked="false" Priority="33" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
  <w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
  <w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
 </w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
 /* Style Definitions */
 table.MsoNormalTable
	{mso-style-name:"Table Normal";
	mso-tstyle-rowband-size:0;
	mso-tstyle-colband-size:0;
	mso-style-noshow:yes;
	mso-style-priority:99;
	mso-style-qformat:yes;
	mso-style-parent:"";
	mso-padding-alt:0in 5.4pt 0in 5.4pt;
	mso-para-margin-top:0in;
	mso-para-margin-right:0in;
	mso-para-margin-bottom:10.0pt;
	mso-para-margin-left:0in;
	line-height:115%;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:"Calibri","sans-serif";
	mso-ascii-font-family:Calibri;
	mso-ascii-theme-font:minor-latin;
	mso-hansi-font-family:Calibri;
	mso-hansi-theme-font:minor-latin;
	mso-bidi-font-family:"Times New Roman";
	mso-bidi-theme-font:minor-bidi;}
</style>
<![endif]--></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Dr Jagdish Chandra Pokharel<br />
	Former Chairman<br />
	National Planning Commission </span></strong></span></p>
<p>
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The government should introduce a budget that helps in increasing the capital expenditure. The capital expenditure should be stimulated in a proper manner. Another important thing is that the new budget should not be distributive like the previous ones. The growth rate should be fixed in a pragmatic way. Earlier governments had fixed the rate just to garner the popularity of general public. Similarly, government should ensure the social security schemes if possible. Inflation is pretty high these days. So the government should bring the budget that can control the inflation. </span> </span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="bhaskar" border="1" height="113" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/bhaskar.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Bhaskar Raj Rajkarnikar<br />
	Senior Vice-president<br />
	Federation of Nepalese <br />
	Chambers of Commerce and Industry (FNCCI) </span></strong></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The very first thing is that we need a full-fledged budget and that needs to be passed on time. Delays in the passage of the budget in the past few years have affected many areas of the economy. The upcoming budget should be a private sector-driven one. A large portion of the budget pie should be allocated for development activities. Similarly, the budget should give due consideration to issues related to unemployment, safe employment and labour problems. </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="Meghnath Nath Neupane" border="1" height="116" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/meghnath.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Megh Nath Neupane<br />
	Director General<br />
	Confederation of Nepalese Industries </span></strong></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The most important thing for now is that the government is bringing out a full- fledged budget. Government should identify the areas where the budget can be spent with expected outcomes. Till now, budget has mostly been of politics-oriented type. The new budget should be completely development-oriented which could help conduct the developmental activities smoothly. The trade deficit of the country is quite high for now and considering this issue, government should bring the budget that should be export -oriented. If government could not bring such budget, then at least the budget should include some import substitution measures. This will help to balance the economy.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>',
			'published' => true,
			'created' => '2013-06-24',
			'modified' => '2013-06-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'sortorder' => '1001',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
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

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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2359',
			'article_category_id' => '135',
			'title' => 'Nepal-India Trade Expo- 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:18px;">Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Pradeep Kumar Kedia" src="/userfiles/images/VC%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />&lsquo;The Expo can form the basis of rapid economic development.&rsquo;</strong></span></div>
<div>
	<strong>Pradeep Kumar Kedia</strong></div>
<div>
	<strong>Sr. Vice President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The international trade expo, which is going to be held in Birgunj, a major commercial hub of the country, is a solid way to promote trade. It can also be utilized as a platform to better manage our internal and external markets. For instance, the Expo will be a good platform for exchanging information about our local products including their specialties and comparative advantage. This will be important as we have found that in many cases even the domestic consumers are ignorant about the domestic products. This ignorance is a big hurdle in promoting the local products in the domestic market.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will bring the producers and consumers together at the same platform, two-way communication about the various aspects of the products displayed in the Expo will be possible. This will greatly promote the use of domestic products. Import substitution is not possible without the easy availability of and enough information about the domestic products. Thus, the Expo will be a good opportunity for reducing imports and promoting the consumption of domestic products.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will feature products and technologies from outside the country as well, we can expect a lot of interaction on the diversity of products and their usability. This will help in increasing productivity through the exchange of technology.</div>
<div>
	&nbsp;</div>
<div>
	Nepal is incurring a huge trade deficit at present. The export import ratio is 1:8 at present. The Expo will help increase our exports and thus there is a huge possibility of reducing the trade deficit.</div>
<div>
	&nbsp;</div>
<div>
	We have a huge trade deficit with India for the simple reason that the bulk of our international trade is with India. As a high number of Indian producers and traders will participate in the Expo, we can be hopeful that the interaction with them will help in promoting our exports to the southern neighbour. In this way the Expo will be a golden opportunity which can form the basis of the country&rsquo;s rapid economic growth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="KC Lamichane,  Chairman, Federation of Nepali Journalists, Parsa" src="/userfiles/images/VC1%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 227px;" />&lsquo;Good opportunity for economic development&rsquo;<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	<strong>KC Lamichane&nbsp;</strong></div>
<div>
	<strong>Chairman, Federation of Nepali Journalists, Parsa</strong></div>
<div>
	&nbsp;</div>
<div>
	The country should march forward to the direction of social and economic transformation by institutionalizing the political change. There is always a threat of losing political achievements if the economic situation of the country is not sound. There is unfavourable environment for industrial development and degradation of the rule of law at present which leads to sluggish economic development. Economic activities amidst such instability can lead the country towards economic stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We consider Birgunj as the financial capital of the country as 70 per cent of total industrial investment and 60 per cent of commercial transaction takes place in this city. With this background, &lsquo;Nepal-India Trade Expo-2014&rsquo; is being organized by Birgunj Chamber of Commerce and Industry and Minds Nepal in association with other commercial houses in Birgunj.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The organizers are expecting a business transaction of around Rs 200million while around 500,000 visitors are anticipated to visit the Expo. The organizers have various other bases to anticipate the success of this Expo. Since Birgunj is located near the border, Indian citizens are also expected to visit this Expo. The commercialization of local products and promotion of local and international services in the Expo can play the role in promoting export, strengthening economic mechanisms and import substitution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The world has moved ahead in technology. Moving forward by incorporating the technology can increase competitiveness. The Nepali economy can develop with the use of new technologies. The economic activities in the country have been sluggish with the decline in the productive sector. The Expo can play a significant role to reenergize the Nepali economy in the international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Expo should focus mainly on two things. First, it should announce the Birgunj-Pathlaiya corridor as an industrial corridor by mounting some kind of pressure on the state for infrastructure development. Similarly, this Expo will help in the creation of jobs, sharing of technical knowledge and exploring market for goods and services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We need cooperation and coordination among all the concerned stakeholders to make the Expo a grand success.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Ravindra Kumar Barnawal" src="/userfiles/images/VC2%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 231px;" />&lsquo;The Expo will have a multidimensional effect&rsquo;</strong></span></div>
<div>
	<strong>Ravindra Kumar Barnawal</strong></div>
<div>
	<strong>Secretary, Birgunj&nbsp;</strong></div>
<div>
	<strong>Coordinator</strong></div>
<div>
	<strong>Stall booking sub-committee</strong></div>
<div>
	<strong>Nepal-India Business&nbsp;</strong></div>
<div>
	<strong>Expo-2014</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal-India Expo Trade that is to be held in Birgunj is a golden opportunity for Nepal and other neighboring countries to flourish their business. It is equally important for the other countries as well as this Expo will provide them the platform to create market for their services and technology. Apart from Nepal and India, products from Bangladesh, Pakistan, and Bhutan will be displayed in the Expo. Even though the main aim of this Expo is to flourish trade, it is undoubtedly true that it will leave a positive impact on other sectors as well. Thus, its effects are multidimensional. The trade Expo will not only help to provide international recognition to Nepali products, but also to promote our products in the Indian market. &nbsp;The Expo that is scheduled to take place in Birgunj, the economic capital of Nepal, will help to set a milestone in the growth of the national economy while also providing opportunity for increment for exports. It can be guaranteed that while helping in the development of the industrial sector, the Expo will also help in solving the problem of unemployment. Even today, 7 hundred thousands of Nepali manpower is working abroad which has caused shortage of skilled manpower here in the country. Such types of Expo will be productive in leading the country towards economic growth by increasing internal as well as external trade through industrialization. Similarly, the Expo will also contribute in minimizing business loses through increase in exports. As the bulk of our trade deficit is with India, the Expo should focus on lowering the trade deficit. The Expo will also provide an opportunity to resolve bilateral trade barriers. Nepal&rsquo;s agricultural sector is still traditional and we have not been able to focus on production of goods that have comparative advantage. So, it is essential that we take information about agricultural technology from India and even if we decide to adopt it, we can expect the outcome to be positive. Likewise, the Expo equally focuses on diversification. The Expo will also provide trainings from experienced trainers on various issues such as branding of education, trade and products and corporate communication.</div>',
			'published' => true,
			'created' => '2013-12-30',
			'modified' => '2013-12-30',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:',
			'sortorder' => '2203',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '1846',
			'article_category_id' => '135',
			'title' => 'Economic Expectations After Election',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<div>
	<strong>Prof Dr Yubraj Sangroula</strong></div>
<div>
	<div>
		<strong>Former Attorney General,</strong></div>
	<div>
		<strong>Founder and Executive Director of the Kathmandu School of Law (KSL)</strong><br />
		<br />
		&nbsp;</div>
</div>
<div>
	Looking at the past manifestoes of political parties, focus on poverty reduction and economic and social integration seems to be only a political gimmick to win votes. These manifestoes seem unrealistic and are made without enough homework. This election is no different from those held in the past. After the election, we can expect the same old talks by political parties on the restructuring of the state and its policies. The political parties&rsquo; commitment toward big projects like hydro power, roadways and transport are still &nbsp;to be proven. However, I am optimistic that these big projects will begin after the election - if not for the nation and the people, &nbsp;they will do it for personal benefit. As a professor, I would say that if the same situation of manipulating students into dirty politics of shutting universities down for months continues, a lot of colleges and universities will be forced to close for good.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="jagadish" src="/userfiles/images/jagadish.jpg" style="margin-left: 10px; margin-right: 10px; margin-top: 10px; margin-bottom: 10px; " /></div>
<div>
	<strong>Jagadish Rathi</strong></div>
<div>
	<strong>Chairman, Tax and Revenue Committee, Federation of Nepalese Chamber of Commerce and Industry (FNCCI)</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We have faced more than a decade of conflict and several years of political instability. Therefore, this election brings hope for the economy. We are expecting concrete implementation of economic plans rather than speeches from political leaders. We are facing the worst power crisis ever and there has to be some short term plan to mitigate it. The long heard blathers of producing 10,000-20,000 MW of electricity has to be stopped and transmission lines must be installed instead. There is a lot to expect and demand for the economy after elections.<br />
	<br />
	Despite being an agriculture-based country, Nepal has failed to capitalize on agricultural products as it has not kept up with modern agro technologies to meet the supply deficit. Infrastructural barriers like poor road and transportation systems have also hindered the smooth functioning of business. We have not been able to cash on our tourism industry due to some obvious political reasons. Our tourism is based on pilgrimage sites like Lumbini, Janakpur, Muktinath and many others which we have not been able to build on. But we must look beyond to newer possibilities. In collaboration with the Nepal Tourism Board, we have a big opportunity to making the country an educational hub, and in order to meet this demand, construction of the next international airport in Nijgad must be resumed. All of these infrastructures have to be built and we have to realize that remittance cannot be a long term solution for the economy.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'new business age voices news & articles, voices news & articles from new business age nepal, voices headlines from nepal,  current and latest voices news from nepal, economic news from nepal, nepali voices economic news and events, ongoing voices news of nepal',
			'description' => 'The upcoming election seems to be eagerly awaited for by all the sections of the Nepali society. This week, The Corporate Weekly brings the views of a legal expert and a business Leader:',
			'sortorder' => '1707',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '1807',
			'article_category_id' => '135',
			'title' => '‘Nepal Should Wait And Watch’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate &nbsp;on nepal&rsquo;s currency policy: &nbsp;whether to leave the Nepali currency pegged on the Indian Rupee, or to just devalue it to reflect the current realities asNepal imports most of the daily necessites and industria raw material and the exportable surplus is very low.The Corporate Weekly this week spoke to economists to gather their views on the debate. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Prof Dr Navaraj Kandel" src="/userfiles/images/nd.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 146px;" />Prof Dr Navaraj Kandel</span></strong></div>
<div>
	<span style="font-size:14px;">Central Department of Economics, Tribhuvan University</span></div>
<div>
	The most prominent impact of the increasing value of the US dollar against the Rupee would be a sharp rise in the price of imported goods. The tendency of businessmen in countries like Nepal is to increase the prices when the value of dollar rises but to make very small reduction in prices when the dollar devaluates. This leaves the consumer victimized. Therefore, it is better to leave our currency pegged as we import most products from India and this pegged policy gives us a very stable market.</div>
<div>
	&nbsp; &nbsp;&nbsp;</div>
<div>
	<span style="font-size:14px;"><img alt="Prithvi Raj Ligal" src="/userfiles/images/prl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 141px;" /><strong>Prithvi Raj Ligal</strong></span></div>
<div>
	<span style="font-size:14px;">Former Vice-Chairman, National planning commission</span></div>
<div>
	Nepal has deeply rooted economic relations with India and has pegged its currency with India&rsquo;s so that there is stability in the currency. The peg to maintain smooth trade and commercial relations with the world at large. Despite many informal trade relations with India, our market remains stable thanks to the peg. However, according to the IMF, in comparison to the Indian currency in the past 3-4 years, the Nepali Rupee has devaluated by 15 per cent. Therefore, these policies have to be evaluated by comparing both countries&rsquo; currency values. However, the consistent devaluation of the Indian Rupee is definitely making market prices unstable, as businessmen have &nbsp;started setting prices of the imported goods according to their own forecasts of currency values in the immediate future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deependra Bahadur Kshetry" src="/userfiles/images/dbk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 151px;" />Deependra Bahadur Kshetry</span></strong></div>
<div>
	<span style="font-size:14px;">Former governor, Nepal Rastra Ban</span>k</div>
<div>
	It should not be debated whether the currency has to be pegged or not. The debate, rather, should be about how to avoid such devaluation. Since Nepal Rastra Bank has already made it clear that it will not remove the peg, and since our economy is very fragile at this point, the country might face a great inflation if we remove the peg abruptly. The Indian economy has been working a lot to unwind this devaluation, therefore we will have to wait and watch till there is certain level of stability in the Indian Rupee. We should also try and increase our foreign currency reserve. If that is not possible we should try to maintain it at the current level.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-16',
			'modified' => '2013-09-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate  on nepal’s currency policy:  whether to leave the Nepali currency pegged on the Indian Rupee,',
			'sortorder' => '1668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '1724',
			'article_category_id' => '135',
			'title' => 'Auto Oil Pricing Mechanism',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The hostility of the oil price hyping continues to threaten the economic social development rights of the people. This tends to effect more to the 80 per cent of the working class, middle class, and the people living below the threshold level least effecting the 20 per cent of the elite who continue to consume almost 60 per cent&nbsp;</span><span style="font-size: 14px;">of the national &nbsp;income. This augmentation on oil price is not only effecting the oil consumer but has even devastating effect on the poor when the price of all other basic necessities hype to a greater level but there is no shift in the income level of the 80 per cent even if there is least possibility.</span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Saroj Pandey, Former president, Nepal Petroleum Dealers’ Association (NPDA)" src="/userfiles/images/dsp.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />Saroj Pandey</span></strong></div>
<div>
	<span style="font-size:14px;"><em>Former president, Nepal Petroleum Dealers&rsquo; Association (NPDA)</em></span></div>
<div>
	&nbsp;</div>
<div>
	One of the major reasons behind the oil pricing mechanism is the oil politics, the bigger picture lies behind the veil that is reluctance of both political parties and the National Oil Corporation (NOC). The NOC being one of the biggest pitch for corruption, this extreme incompetence of the two sides is leading the country towards black hole of economic detriment. The reluctance can be seen, after facing so many oil crisis and dispute. The NOC has not been able to set any petroleum regulatory mechanism nor does the government have it been able to bring any sort of law and act regarding petroleum distribution and regulation. This incompetence of the government and the NOC is leading frustration among the people and also among private investors. This mismanagement of corporation and constant oppression to the people will have to come to an end. &nbsp;If they cannot run the country and the corporation they will have to raise their hands to surrender the oil pricing mechanism to the market forces. There I suggest the Government to wash their hands off the dirty politics and the private investor to maintain their ethics and give justice to this crisis.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deepak Subedi,Spokesperson, Ministry of Commerce and Supplies " src="/userfiles/images/ds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 232px;" />Deepak Subedi</span></strong></div>
<div>
	<em><span style="font-size:14px;">Spokesperson, Ministry&nbsp;</span><span style="font-size: 14px;">of Commerce and Supplies&nbsp;</span></em></div>
<div>
	&nbsp;</div>
<div>
	The budget has clearly decided to take on the auto pricing mechanism and the government is slowly moving toward the required policy formation to adopt the system, it is a gradual process because if the prices are abruptly left on the auto mechanism there would be rapid growth of inflation which could make the situation even more chaotic. Looking at the past, the previous governments had constantly tried to raise the price of the oil, which led to protest. Then the government was forced to revoke those decisions immediately. But this government &nbsp; seems committed and is looking for a long term solution .Because of the over hiking debts this government has decided cut subsides.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The hostility of the oil price hyping continues to threaten the economic social development rights of the people.',
			'sortorder' => '1585',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '1593',
			'article_category_id' => '135',
			'title' => 'Maximum Participation A Must For Power Summit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Independent Power Producers&rsquo; Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers. This is the 4th such event being organised by IPPAN and invitations have already been sent to investors and foreign delegates. The organisers expect the summit to create a favourable environment for the hydropower sector. The Corporate caught up with IPPAN representatives to find out about preparations for the event. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Subarna Das Shrestha, President, IPPAN" src="/userfiles/images/sds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 174px;" /><strong>Subarna Das Shrestha</strong></div>
<div>
	<em>President, IPPAN</em></div>
<div>
	IPPAN is deeply committed towards making the event successful. We are highlighting the importance and potential of hydropower this year and spreading the word to investors, representatives from different financial institutions and foreign delegations. We are expecting around 500 participants this year and believe that if we are able to attract more foreign participants, the summit could be considered successful. If we convince the foreign delegates of our project proposals, we will be attracting investment funds from them which will help implement hydropower projects more smoothly. Similarly, we are focused to convince the government too. The ongoing power shortage is halting the growth of the economy. The summit can help in creating an environment conducive for successful completion of all hydropower projects. We are trying our best to make it informative and useful.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Khadk Bahadur Bisht Vice President, IPPAN" src="/userfiles/images/kbb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 175px;" /><strong>Khadk Bahadur Bisht</strong></div>
<div>
	<em>Vice President, IPPAN</em></div>
<div>
	I believe that there will be maximum participation to make the Power Summit successful. Earlier, many developers came for hydropower projects but they gradually vanished which was not good for the sector. Based on this, I would say that the summit will be successful if it is able to attract developers in a large number. At a time when the energy crisis is high, the summit should be able to address the prerequisites of the hydropower sector and convince the government, developers and investors. There should be qualified speakers and appropriate projects presented to make this possible. As political instability affects economic growth, the summit should address the issue of political commitment and legal and regulatory framework. It should also address the demands of developers. Similarly, various workshops focusing on core areas, like export-oriented projects with direct foreign investment and power market mechanism, will help make the summit successful.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-12',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Independent Power Producers’ Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers.',
			'sortorder' => '1454',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '1546',
			'article_category_id' => '135',
			'title' => 'New Monetary Policy To Be Directive',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts:&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari&nbsp;</strong></div>
<div>
	<em>President, Bankers&rsquo; Association&nbsp;</em></div>
<div>
	Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
	<em>CEO, Commerce and Trust Bank&nbsp;</em></div>
<div>
	A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Hari Bhakta Sharma  Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
	<em>Vice President, Confederation of Nepalese Industries (CNI)&nbsp;</em></div>
<div>
	The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents&rsquo; salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-04',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary.',
			'sortorder' => '1407',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1453',
			'article_category_id' => '135',
			'title' => 'FY 2013-14 Budget: Positive Towards Every Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years. Some experts, however, expressed their dissatisfactions over the programmes introduced by the government. The Corporate has gathered views from experts and business communities regarding Budget 2013-14. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sekhar Golchha President Nepal Automobile Dealers’ Association (NADA" src="/userfiles/images/shekhar%20golcha.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 126px;" /><strong>Sekhar Golchha&nbsp;</strong></div>
<div>
	<em>President&nbsp;</em></div>
<div>
	<em>Nepal Automobile Dealers&rsquo; Association (NADA)&nbsp;</em></div>
<div>
	Full-fledged budget was not introduced since long. This year, the government introduced full- fledged budget and we think this is a good beginning. A full-fledged budget, despite its shortcomings, will help economy to move forward. We had requested the government to reduce the tax levied on automobiles but government did not do that. Except on alcohol and tobacco, the government has not changed the tax on goods. In this context, there is no space to show our dissatisfaction to the government. If taxes were decreased, it would have helped to increase the economy. Budget has targeted to provide roads to every district, which will have positive impact on business of automobiles. Actually, roads and transportation are the key element for economic growth.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Ashok Temani Immediate Past President Birgunj Chamber of Commerce and Industry (BiCCI)" src="/userfiles/images/Ashok%20Temani.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Ashok Temani&nbsp;</strong></div>
<div>
	<em>Immediate Past President&nbsp;</em></div>
<div>
	<em>Birgunj Chamber of Commerce and Industry (BiCCI)&nbsp;</em></div>
<div>
	Budget has covered every aspect. It has focused on physical infrastructure, including energy which is quite positive and commendable. It is worth mention here that five percent economic growth is possible if the major provisions of the budget are implemented effectively. The budget has earmarked money to construct infrastructure for railway, build international airport at Nijgadh, generation of electricity and transmission lines for electricity. These are some instances of development friendly budget allocation. Similarly, government has promised to implement &lsquo;One Village One Product Programme&rsquo;, to develop the agricultural business and to build a ware-house in Kolkata to ease foreign trade.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Barsha Man Pun,Former Finance Minister" src="/userfiles/images/Barsha%20Man%20Pun.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 115px;" /><strong>Barsha Man Pun</strong></div>
<div>
	<em>Former Finance Minister&nbsp;</em></div>
<div>
	The government has brought programmes violating earlier agreement with the political parties. The size of the budget is quite big and Rs 16 million allocated to hold elections is not justifiable. There is a high chance of manipulation of such a big amount. Political parties had suggested the government to allocate Rs 10 million for the purpose of election. Despite being an election government, this government has brought a number of populist programmes. Similarly, long- term programmes have been added to the budget. It shows that the government is trying to lengthen its tenure.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-22',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years.',
			'sortorder' => '1314',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1330',
			'article_category_id' => '135',
			'title' => 'Can The New Government Change Any Policy?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="">
	<font face="arial, helvetica, sans-serif">The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16. In this process, the government is also preparing to change some policies. However, there are views that argue that as this government’s mandate is only to hold the coming elections, it must not change any of the existing policies. The Corporate talked with some experts about the issue. Excerpts:</font></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chiranjibi Nepal,Principal Advisor,Ministry of Finance" height="154" src="https://lh4.googleusercontent.com/-tbX4iUnBeMI/UdqSwI79ZHI/AAAAAAAAA9Q/WbppY81OG8c/s154/Dr%2520Chiranjibi%2520Nepal.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif"><b>Dr Chiranjibi Nepal&nbsp;</b></font></p>
<p>
	<font face="arial, helvetica, sans-serif">Principal Advisor&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">Ministry of Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">The present government can definitely change the existing policies as required and bring new programmes. The 25-point agreement between the major political parties while appointing this government has cleared the way to introduce budget by this government with necessary changes in policies. It is very important to bring budget in time or else the economic growth rate will be hampered. The government has set the target of 7 per cent economic growth by 2015 and it is possible only if the existing government can change some policies as required to expedite capital expenditure. I think, major political parties agree on this.</font></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chandra Mani Adhikari,Economist" height="154" src="https://lh3.googleusercontent.com/-D4KjA3oW-Sg/UdqSwHmogLI/AAAAAAAAA9I/HrJV-OS51jU/s291/Dr%2520Chandra%2520Mani.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><span style="color: rgb(34, 30, 31);">Dr Chandra Mani Adhikari<span class="Apple-tab-span" style="white-space: pre;"> </span></span></strong></span></span></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">Economist&nbsp;</font></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">In my opinion, this government cannot change the existing policies. The government should bring full budget to ensure effective expenditure planning in the coming fiscal year. The government, however, should not be ambitious and bring the budget in a manner that an elected government does. I think the government should take care of at least three issues. It should not introduce new programmes, it should not change policies and should not initiate big projects. Similarly, the government should not make the size of budget too large. In the revenue front, government cannot change the existing revenue policy but it can change tax rates, if needed.</font></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><span style="color: rgb(34, 30, 31);"><br />
	</span></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Hariraj Khewa Limbu,Former Minister of State for Finance" height="154" src="https://lh6.googleusercontent.com/-W0eUyWktWIE/UdqSwN4jIaI/AAAAAAAAA9U/c8kYEHsiZ6s/s287/Hariraj%2520Khewa%2520Limbu.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong>Hariraj Khewa Limbu,</strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif">Former Minister of State for Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">This government does not have the right to change the existing policies, and it should adhere to the ones adopted by the Baburam Bhattarai-led government. The government should solely focus on the Constituent Assembly elections. The primary concern for now is to form a good Constituent Assembly. This government’s only responsibility to hold election. It does not have any right to bring new programmes and policies. Moreover, as the focus should be on the elections, the government does not have time to effectively formulate new policies and monitor them, which might lead to corruption. There will be no mechanism to check corrupt activities in the absence of an elected body.</font></p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-08',
			'modified' => '2013-07-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16.',
			'sortorder' => '1192',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '1138',
			'article_category_id' => '135',
			'title' => 'Full-fledged, Timely Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
<!--[if gte mso 9]><xml>
 <w:WordDocument>
  <w:View>Normal</w:View>
  <w:Zoom>0</w:Zoom>
  <w:TrackMoves/>
  <w:TrackFormatting/>
  <w:PunctuationKerning/>
  <w:ValidateAgainstSchemas/>
  <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
  <w:IgnoreMixedContent>false</w:IgnoreMixedContent>
  <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
  <w:DoNotPromoteQF/>
  <w:LidThemeOther>EN-US</w:LidThemeOther>
  <w:LidThemeAsian>X-NONE</w:LidThemeAsian>
  <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
  <w:Compatibility>
   <w:BreakWrappedTables/>
   <w:SnapToGridInCell/>
   <w:WrapTextWithPunct/>
   <w:UseAsianBreakRules/>
   <w:DontGrowAutofit/>
   <w:SplitPgBreakAndParaMark/>
   <w:DontVertAlignCellWithSp/>
   <w:DontBreakConstrainedForcedTables/>
   <w:DontVertAlignInTxbx/>
   <w:Word11KerningPairs/>
   <w:CachedColBalance/>
  </w:Compatibility>
  <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
  <m:mathPr>
   <m:mathFont m:val="Cambria Math"/>
   <m:brkBin m:val="before"/>
   <m:brkBinSub m:val="--"/>
   <m:smallFrac m:val="off"/>
   <m:dispDef/>
   <m:lMargin m:val="0"/>
   <m:rMargin m:val="0"/>
   <m:defJc m:val="centerGroup"/>
   <m:wrapIndent m:val="1440"/>
   <m:intLim m:val="subSup"/>
   <m:naryLim m:val="undOvr"/>
  </m:mathPr></w:WordDocument>
</xml><![endif]--></p>
<p class="Pa21" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Delay in passage of the government’s budget during the past few years has had a telling effect on the economy. As the government prepares its budget for the upcoming fiscal year, The Corporate talked to to representatives of the private sector and the government about it. Excerpts: </span></span></span></strong></p>
<p>
	 </p>
<p>
<!--[if gte mso 9]><xml>
 <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
  DefSemiHidden="true" DefQFormat="false" DefPriority="99"
  LatentStyleCount="267">
  <w:LsdException Locked="false" Priority="0" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
  <w:LsdException Locked="false" Priority="9" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 1"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 2"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 3"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 4"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 5"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 6"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 7"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 8"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 9"/>
  <w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
  <w:LsdException Locked="false" Priority="10" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Title"/>
  <w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
  <w:LsdException Locked="false" Priority="11" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
  <w:LsdException Locked="false" Priority="22" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
  <w:LsdException Locked="false" Priority="20" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
  <w:LsdException Locked="false" Priority="59" SemiHidden="false"
   UnhideWhenUsed="false" Name="Table Grid"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
  <w:LsdException Locked="false" Priority="1" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 1"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
  <w:LsdException Locked="false" Priority="34" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
  <w:LsdException Locked="false" Priority="29" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
  <w:LsdException Locked="false" Priority="30" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 1"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 2"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 2"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 3"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 3"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 4"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 4"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 5"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 5"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 6"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 6"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="19" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
  <w:LsdException Locked="false" Priority="21" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
  <w:LsdException Locked="false" Priority="31" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
  <w:LsdException Locked="false" Priority="32" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
  <w:LsdException Locked="false" Priority="33" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
  <w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
  <w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
 </w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
 /* Style Definitions */
 table.MsoNormalTable
	{mso-style-name:"Table Normal";
	mso-tstyle-rowband-size:0;
	mso-tstyle-colband-size:0;
	mso-style-noshow:yes;
	mso-style-priority:99;
	mso-style-qformat:yes;
	mso-style-parent:"";
	mso-padding-alt:0in 5.4pt 0in 5.4pt;
	mso-para-margin-top:0in;
	mso-para-margin-right:0in;
	mso-para-margin-bottom:10.0pt;
	mso-para-margin-left:0in;
	line-height:115%;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:"Calibri","sans-serif";
	mso-ascii-font-family:Calibri;
	mso-ascii-theme-font:minor-latin;
	mso-hansi-font-family:Calibri;
	mso-hansi-theme-font:minor-latin;
	mso-bidi-font-family:"Times New Roman";
	mso-bidi-theme-font:minor-bidi;}
</style>
<![endif]--></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Dr Jagdish Chandra Pokharel<br />
	Former Chairman<br />
	National Planning Commission </span></strong></span></p>
<p>
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The government should introduce a budget that helps in increasing the capital expenditure. The capital expenditure should be stimulated in a proper manner. Another important thing is that the new budget should not be distributive like the previous ones. The growth rate should be fixed in a pragmatic way. Earlier governments had fixed the rate just to garner the popularity of general public. Similarly, government should ensure the social security schemes if possible. Inflation is pretty high these days. So the government should bring the budget that can control the inflation. </span> </span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="bhaskar" border="1" height="113" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/bhaskar.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Bhaskar Raj Rajkarnikar<br />
	Senior Vice-president<br />
	Federation of Nepalese <br />
	Chambers of Commerce and Industry (FNCCI) </span></strong></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The very first thing is that we need a full-fledged budget and that needs to be passed on time. Delays in the passage of the budget in the past few years have affected many areas of the economy. The upcoming budget should be a private sector-driven one. A large portion of the budget pie should be allocated for development activities. Similarly, the budget should give due consideration to issues related to unemployment, safe employment and labour problems. </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="Meghnath Nath Neupane" border="1" height="116" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/meghnath.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Megh Nath Neupane<br />
	Director General<br />
	Confederation of Nepalese Industries </span></strong></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The most important thing for now is that the government is bringing out a full- fledged budget. Government should identify the areas where the budget can be spent with expected outcomes. Till now, budget has mostly been of politics-oriented type. The new budget should be completely development-oriented which could help conduct the developmental activities smoothly. The trade deficit of the country is quite high for now and considering this issue, government should bring the budget that should be export -oriented. If government could not bring such budget, then at least the budget should include some import substitution measures. This will help to balance the economy.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>',
			'published' => true,
			'created' => '2013-06-24',
			'modified' => '2013-06-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'sortorder' => '1001',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_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]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2359',
			'article_category_id' => '135',
			'title' => 'Nepal-India Trade Expo- 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:18px;">Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Pradeep Kumar Kedia" src="/userfiles/images/VC%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />&lsquo;The Expo can form the basis of rapid economic development.&rsquo;</strong></span></div>
<div>
	<strong>Pradeep Kumar Kedia</strong></div>
<div>
	<strong>Sr. Vice President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The international trade expo, which is going to be held in Birgunj, a major commercial hub of the country, is a solid way to promote trade. It can also be utilized as a platform to better manage our internal and external markets. For instance, the Expo will be a good platform for exchanging information about our local products including their specialties and comparative advantage. This will be important as we have found that in many cases even the domestic consumers are ignorant about the domestic products. This ignorance is a big hurdle in promoting the local products in the domestic market.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will bring the producers and consumers together at the same platform, two-way communication about the various aspects of the products displayed in the Expo will be possible. This will greatly promote the use of domestic products. Import substitution is not possible without the easy availability of and enough information about the domestic products. Thus, the Expo will be a good opportunity for reducing imports and promoting the consumption of domestic products.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will feature products and technologies from outside the country as well, we can expect a lot of interaction on the diversity of products and their usability. This will help in increasing productivity through the exchange of technology.</div>
<div>
	&nbsp;</div>
<div>
	Nepal is incurring a huge trade deficit at present. The export import ratio is 1:8 at present. The Expo will help increase our exports and thus there is a huge possibility of reducing the trade deficit.</div>
<div>
	&nbsp;</div>
<div>
	We have a huge trade deficit with India for the simple reason that the bulk of our international trade is with India. As a high number of Indian producers and traders will participate in the Expo, we can be hopeful that the interaction with them will help in promoting our exports to the southern neighbour. In this way the Expo will be a golden opportunity which can form the basis of the country&rsquo;s rapid economic growth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="KC Lamichane,  Chairman, Federation of Nepali Journalists, Parsa" src="/userfiles/images/VC1%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 227px;" />&lsquo;Good opportunity for economic development&rsquo;<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	<strong>KC Lamichane&nbsp;</strong></div>
<div>
	<strong>Chairman, Federation of Nepali Journalists, Parsa</strong></div>
<div>
	&nbsp;</div>
<div>
	The country should march forward to the direction of social and economic transformation by institutionalizing the political change. There is always a threat of losing political achievements if the economic situation of the country is not sound. There is unfavourable environment for industrial development and degradation of the rule of law at present which leads to sluggish economic development. Economic activities amidst such instability can lead the country towards economic stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We consider Birgunj as the financial capital of the country as 70 per cent of total industrial investment and 60 per cent of commercial transaction takes place in this city. With this background, &lsquo;Nepal-India Trade Expo-2014&rsquo; is being organized by Birgunj Chamber of Commerce and Industry and Minds Nepal in association with other commercial houses in Birgunj.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The organizers are expecting a business transaction of around Rs 200million while around 500,000 visitors are anticipated to visit the Expo. The organizers have various other bases to anticipate the success of this Expo. Since Birgunj is located near the border, Indian citizens are also expected to visit this Expo. The commercialization of local products and promotion of local and international services in the Expo can play the role in promoting export, strengthening economic mechanisms and import substitution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The world has moved ahead in technology. Moving forward by incorporating the technology can increase competitiveness. The Nepali economy can develop with the use of new technologies. The economic activities in the country have been sluggish with the decline in the productive sector. The Expo can play a significant role to reenergize the Nepali economy in the international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Expo should focus mainly on two things. First, it should announce the Birgunj-Pathlaiya corridor as an industrial corridor by mounting some kind of pressure on the state for infrastructure development. Similarly, this Expo will help in the creation of jobs, sharing of technical knowledge and exploring market for goods and services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We need cooperation and coordination among all the concerned stakeholders to make the Expo a grand success.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Ravindra Kumar Barnawal" src="/userfiles/images/VC2%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 231px;" />&lsquo;The Expo will have a multidimensional effect&rsquo;</strong></span></div>
<div>
	<strong>Ravindra Kumar Barnawal</strong></div>
<div>
	<strong>Secretary, Birgunj&nbsp;</strong></div>
<div>
	<strong>Coordinator</strong></div>
<div>
	<strong>Stall booking sub-committee</strong></div>
<div>
	<strong>Nepal-India Business&nbsp;</strong></div>
<div>
	<strong>Expo-2014</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal-India Expo Trade that is to be held in Birgunj is a golden opportunity for Nepal and other neighboring countries to flourish their business. It is equally important for the other countries as well as this Expo will provide them the platform to create market for their services and technology. Apart from Nepal and India, products from Bangladesh, Pakistan, and Bhutan will be displayed in the Expo. Even though the main aim of this Expo is to flourish trade, it is undoubtedly true that it will leave a positive impact on other sectors as well. Thus, its effects are multidimensional. The trade Expo will not only help to provide international recognition to Nepali products, but also to promote our products in the Indian market. &nbsp;The Expo that is scheduled to take place in Birgunj, the economic capital of Nepal, will help to set a milestone in the growth of the national economy while also providing opportunity for increment for exports. It can be guaranteed that while helping in the development of the industrial sector, the Expo will also help in solving the problem of unemployment. Even today, 7 hundred thousands of Nepali manpower is working abroad which has caused shortage of skilled manpower here in the country. Such types of Expo will be productive in leading the country towards economic growth by increasing internal as well as external trade through industrialization. Similarly, the Expo will also contribute in minimizing business loses through increase in exports. As the bulk of our trade deficit is with India, the Expo should focus on lowering the trade deficit. The Expo will also provide an opportunity to resolve bilateral trade barriers. Nepal&rsquo;s agricultural sector is still traditional and we have not been able to focus on production of goods that have comparative advantage. So, it is essential that we take information about agricultural technology from India and even if we decide to adopt it, we can expect the outcome to be positive. Likewise, the Expo equally focuses on diversification. The Expo will also provide trainings from experienced trainers on various issues such as branding of education, trade and products and corporate communication.</div>',
			'published' => true,
			'created' => '2013-12-30',
			'modified' => '2013-12-30',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:',
			'sortorder' => '2203',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '1846',
			'article_category_id' => '135',
			'title' => 'Economic Expectations After Election',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<div>
	<strong>Prof Dr Yubraj Sangroula</strong></div>
<div>
	<div>
		<strong>Former Attorney General,</strong></div>
	<div>
		<strong>Founder and Executive Director of the Kathmandu School of Law (KSL)</strong><br />
		<br />
		&nbsp;</div>
</div>
<div>
	Looking at the past manifestoes of political parties, focus on poverty reduction and economic and social integration seems to be only a political gimmick to win votes. These manifestoes seem unrealistic and are made without enough homework. This election is no different from those held in the past. After the election, we can expect the same old talks by political parties on the restructuring of the state and its policies. The political parties&rsquo; commitment toward big projects like hydro power, roadways and transport are still &nbsp;to be proven. However, I am optimistic that these big projects will begin after the election - if not for the nation and the people, &nbsp;they will do it for personal benefit. As a professor, I would say that if the same situation of manipulating students into dirty politics of shutting universities down for months continues, a lot of colleges and universities will be forced to close for good.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="jagadish" src="/userfiles/images/jagadish.jpg" style="margin-left: 10px; margin-right: 10px; margin-top: 10px; margin-bottom: 10px; " /></div>
<div>
	<strong>Jagadish Rathi</strong></div>
<div>
	<strong>Chairman, Tax and Revenue Committee, Federation of Nepalese Chamber of Commerce and Industry (FNCCI)</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We have faced more than a decade of conflict and several years of political instability. Therefore, this election brings hope for the economy. We are expecting concrete implementation of economic plans rather than speeches from political leaders. We are facing the worst power crisis ever and there has to be some short term plan to mitigate it. The long heard blathers of producing 10,000-20,000 MW of electricity has to be stopped and transmission lines must be installed instead. There is a lot to expect and demand for the economy after elections.<br />
	<br />
	Despite being an agriculture-based country, Nepal has failed to capitalize on agricultural products as it has not kept up with modern agro technologies to meet the supply deficit. Infrastructural barriers like poor road and transportation systems have also hindered the smooth functioning of business. We have not been able to cash on our tourism industry due to some obvious political reasons. Our tourism is based on pilgrimage sites like Lumbini, Janakpur, Muktinath and many others which we have not been able to build on. But we must look beyond to newer possibilities. In collaboration with the Nepal Tourism Board, we have a big opportunity to making the country an educational hub, and in order to meet this demand, construction of the next international airport in Nijgad must be resumed. All of these infrastructures have to be built and we have to realize that remittance cannot be a long term solution for the economy.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'new business age voices news & articles, voices news & articles from new business age nepal, voices headlines from nepal,  current and latest voices news from nepal, economic news from nepal, nepali voices economic news and events, ongoing voices news of nepal',
			'description' => 'The upcoming election seems to be eagerly awaited for by all the sections of the Nepali society. This week, The Corporate Weekly brings the views of a legal expert and a business Leader:',
			'sortorder' => '1707',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '1807',
			'article_category_id' => '135',
			'title' => '‘Nepal Should Wait And Watch’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate &nbsp;on nepal&rsquo;s currency policy: &nbsp;whether to leave the Nepali currency pegged on the Indian Rupee, or to just devalue it to reflect the current realities asNepal imports most of the daily necessites and industria raw material and the exportable surplus is very low.The Corporate Weekly this week spoke to economists to gather their views on the debate. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Prof Dr Navaraj Kandel" src="/userfiles/images/nd.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 146px;" />Prof Dr Navaraj Kandel</span></strong></div>
<div>
	<span style="font-size:14px;">Central Department of Economics, Tribhuvan University</span></div>
<div>
	The most prominent impact of the increasing value of the US dollar against the Rupee would be a sharp rise in the price of imported goods. The tendency of businessmen in countries like Nepal is to increase the prices when the value of dollar rises but to make very small reduction in prices when the dollar devaluates. This leaves the consumer victimized. Therefore, it is better to leave our currency pegged as we import most products from India and this pegged policy gives us a very stable market.</div>
<div>
	&nbsp; &nbsp;&nbsp;</div>
<div>
	<span style="font-size:14px;"><img alt="Prithvi Raj Ligal" src="/userfiles/images/prl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 141px;" /><strong>Prithvi Raj Ligal</strong></span></div>
<div>
	<span style="font-size:14px;">Former Vice-Chairman, National planning commission</span></div>
<div>
	Nepal has deeply rooted economic relations with India and has pegged its currency with India&rsquo;s so that there is stability in the currency. The peg to maintain smooth trade and commercial relations with the world at large. Despite many informal trade relations with India, our market remains stable thanks to the peg. However, according to the IMF, in comparison to the Indian currency in the past 3-4 years, the Nepali Rupee has devaluated by 15 per cent. Therefore, these policies have to be evaluated by comparing both countries&rsquo; currency values. However, the consistent devaluation of the Indian Rupee is definitely making market prices unstable, as businessmen have &nbsp;started setting prices of the imported goods according to their own forecasts of currency values in the immediate future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deependra Bahadur Kshetry" src="/userfiles/images/dbk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 151px;" />Deependra Bahadur Kshetry</span></strong></div>
<div>
	<span style="font-size:14px;">Former governor, Nepal Rastra Ban</span>k</div>
<div>
	It should not be debated whether the currency has to be pegged or not. The debate, rather, should be about how to avoid such devaluation. Since Nepal Rastra Bank has already made it clear that it will not remove the peg, and since our economy is very fragile at this point, the country might face a great inflation if we remove the peg abruptly. The Indian economy has been working a lot to unwind this devaluation, therefore we will have to wait and watch till there is certain level of stability in the Indian Rupee. We should also try and increase our foreign currency reserve. If that is not possible we should try to maintain it at the current level.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-16',
			'modified' => '2013-09-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate  on nepal’s currency policy:  whether to leave the Nepali currency pegged on the Indian Rupee,',
			'sortorder' => '1668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '1724',
			'article_category_id' => '135',
			'title' => 'Auto Oil Pricing Mechanism',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The hostility of the oil price hyping continues to threaten the economic social development rights of the people. This tends to effect more to the 80 per cent of the working class, middle class, and the people living below the threshold level least effecting the 20 per cent of the elite who continue to consume almost 60 per cent&nbsp;</span><span style="font-size: 14px;">of the national &nbsp;income. This augmentation on oil price is not only effecting the oil consumer but has even devastating effect on the poor when the price of all other basic necessities hype to a greater level but there is no shift in the income level of the 80 per cent even if there is least possibility.</span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Saroj Pandey, Former president, Nepal Petroleum Dealers’ Association (NPDA)" src="/userfiles/images/dsp.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />Saroj Pandey</span></strong></div>
<div>
	<span style="font-size:14px;"><em>Former president, Nepal Petroleum Dealers&rsquo; Association (NPDA)</em></span></div>
<div>
	&nbsp;</div>
<div>
	One of the major reasons behind the oil pricing mechanism is the oil politics, the bigger picture lies behind the veil that is reluctance of both political parties and the National Oil Corporation (NOC). The NOC being one of the biggest pitch for corruption, this extreme incompetence of the two sides is leading the country towards black hole of economic detriment. The reluctance can be seen, after facing so many oil crisis and dispute. The NOC has not been able to set any petroleum regulatory mechanism nor does the government have it been able to bring any sort of law and act regarding petroleum distribution and regulation. This incompetence of the government and the NOC is leading frustration among the people and also among private investors. This mismanagement of corporation and constant oppression to the people will have to come to an end. &nbsp;If they cannot run the country and the corporation they will have to raise their hands to surrender the oil pricing mechanism to the market forces. There I suggest the Government to wash their hands off the dirty politics and the private investor to maintain their ethics and give justice to this crisis.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deepak Subedi,Spokesperson, Ministry of Commerce and Supplies " src="/userfiles/images/ds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 232px;" />Deepak Subedi</span></strong></div>
<div>
	<em><span style="font-size:14px;">Spokesperson, Ministry&nbsp;</span><span style="font-size: 14px;">of Commerce and Supplies&nbsp;</span></em></div>
<div>
	&nbsp;</div>
<div>
	The budget has clearly decided to take on the auto pricing mechanism and the government is slowly moving toward the required policy formation to adopt the system, it is a gradual process because if the prices are abruptly left on the auto mechanism there would be rapid growth of inflation which could make the situation even more chaotic. Looking at the past, the previous governments had constantly tried to raise the price of the oil, which led to protest. Then the government was forced to revoke those decisions immediately. But this government &nbsp; seems committed and is looking for a long term solution .Because of the over hiking debts this government has decided cut subsides.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The hostility of the oil price hyping continues to threaten the economic social development rights of the people.',
			'sortorder' => '1585',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '1593',
			'article_category_id' => '135',
			'title' => 'Maximum Participation A Must For Power Summit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Independent Power Producers&rsquo; Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers. This is the 4th such event being organised by IPPAN and invitations have already been sent to investors and foreign delegates. The organisers expect the summit to create a favourable environment for the hydropower sector. The Corporate caught up with IPPAN representatives to find out about preparations for the event. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Subarna Das Shrestha, President, IPPAN" src="/userfiles/images/sds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 174px;" /><strong>Subarna Das Shrestha</strong></div>
<div>
	<em>President, IPPAN</em></div>
<div>
	IPPAN is deeply committed towards making the event successful. We are highlighting the importance and potential of hydropower this year and spreading the word to investors, representatives from different financial institutions and foreign delegations. We are expecting around 500 participants this year and believe that if we are able to attract more foreign participants, the summit could be considered successful. If we convince the foreign delegates of our project proposals, we will be attracting investment funds from them which will help implement hydropower projects more smoothly. Similarly, we are focused to convince the government too. The ongoing power shortage is halting the growth of the economy. The summit can help in creating an environment conducive for successful completion of all hydropower projects. We are trying our best to make it informative and useful.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Khadk Bahadur Bisht Vice President, IPPAN" src="/userfiles/images/kbb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 175px;" /><strong>Khadk Bahadur Bisht</strong></div>
<div>
	<em>Vice President, IPPAN</em></div>
<div>
	I believe that there will be maximum participation to make the Power Summit successful. Earlier, many developers came for hydropower projects but they gradually vanished which was not good for the sector. Based on this, I would say that the summit will be successful if it is able to attract developers in a large number. At a time when the energy crisis is high, the summit should be able to address the prerequisites of the hydropower sector and convince the government, developers and investors. There should be qualified speakers and appropriate projects presented to make this possible. As political instability affects economic growth, the summit should address the issue of political commitment and legal and regulatory framework. It should also address the demands of developers. Similarly, various workshops focusing on core areas, like export-oriented projects with direct foreign investment and power market mechanism, will help make the summit successful.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-12',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Independent Power Producers’ Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers.',
			'sortorder' => '1454',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '1546',
			'article_category_id' => '135',
			'title' => 'New Monetary Policy To Be Directive',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts:&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari&nbsp;</strong></div>
<div>
	<em>President, Bankers&rsquo; Association&nbsp;</em></div>
<div>
	Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
	<em>CEO, Commerce and Trust Bank&nbsp;</em></div>
<div>
	A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Hari Bhakta Sharma  Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
	<em>Vice President, Confederation of Nepalese Industries (CNI)&nbsp;</em></div>
<div>
	The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents&rsquo; salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-04',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary.',
			'sortorder' => '1407',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1453',
			'article_category_id' => '135',
			'title' => 'FY 2013-14 Budget: Positive Towards Every Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years. Some experts, however, expressed their dissatisfactions over the programmes introduced by the government. The Corporate has gathered views from experts and business communities regarding Budget 2013-14. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sekhar Golchha President Nepal Automobile Dealers’ Association (NADA" src="/userfiles/images/shekhar%20golcha.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 126px;" /><strong>Sekhar Golchha&nbsp;</strong></div>
<div>
	<em>President&nbsp;</em></div>
<div>
	<em>Nepal Automobile Dealers&rsquo; Association (NADA)&nbsp;</em></div>
<div>
	Full-fledged budget was not introduced since long. This year, the government introduced full- fledged budget and we think this is a good beginning. A full-fledged budget, despite its shortcomings, will help economy to move forward. We had requested the government to reduce the tax levied on automobiles but government did not do that. Except on alcohol and tobacco, the government has not changed the tax on goods. In this context, there is no space to show our dissatisfaction to the government. If taxes were decreased, it would have helped to increase the economy. Budget has targeted to provide roads to every district, which will have positive impact on business of automobiles. Actually, roads and transportation are the key element for economic growth.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Ashok Temani Immediate Past President Birgunj Chamber of Commerce and Industry (BiCCI)" src="/userfiles/images/Ashok%20Temani.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Ashok Temani&nbsp;</strong></div>
<div>
	<em>Immediate Past President&nbsp;</em></div>
<div>
	<em>Birgunj Chamber of Commerce and Industry (BiCCI)&nbsp;</em></div>
<div>
	Budget has covered every aspect. It has focused on physical infrastructure, including energy which is quite positive and commendable. It is worth mention here that five percent economic growth is possible if the major provisions of the budget are implemented effectively. The budget has earmarked money to construct infrastructure for railway, build international airport at Nijgadh, generation of electricity and transmission lines for electricity. These are some instances of development friendly budget allocation. Similarly, government has promised to implement &lsquo;One Village One Product Programme&rsquo;, to develop the agricultural business and to build a ware-house in Kolkata to ease foreign trade.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Barsha Man Pun,Former Finance Minister" src="/userfiles/images/Barsha%20Man%20Pun.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 115px;" /><strong>Barsha Man Pun</strong></div>
<div>
	<em>Former Finance Minister&nbsp;</em></div>
<div>
	The government has brought programmes violating earlier agreement with the political parties. The size of the budget is quite big and Rs 16 million allocated to hold elections is not justifiable. There is a high chance of manipulation of such a big amount. Political parties had suggested the government to allocate Rs 10 million for the purpose of election. Despite being an election government, this government has brought a number of populist programmes. Similarly, long- term programmes have been added to the budget. It shows that the government is trying to lengthen its tenure.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-22',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years.',
			'sortorder' => '1314',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1330',
			'article_category_id' => '135',
			'title' => 'Can The New Government Change Any Policy?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="">
	<font face="arial, helvetica, sans-serif">The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16. In this process, the government is also preparing to change some policies. However, there are views that argue that as this government’s mandate is only to hold the coming elections, it must not change any of the existing policies. The Corporate talked with some experts about the issue. Excerpts:</font></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chiranjibi Nepal,Principal Advisor,Ministry of Finance" height="154" src="https://lh4.googleusercontent.com/-tbX4iUnBeMI/UdqSwI79ZHI/AAAAAAAAA9Q/WbppY81OG8c/s154/Dr%2520Chiranjibi%2520Nepal.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif"><b>Dr Chiranjibi Nepal&nbsp;</b></font></p>
<p>
	<font face="arial, helvetica, sans-serif">Principal Advisor&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">Ministry of Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">The present government can definitely change the existing policies as required and bring new programmes. The 25-point agreement between the major political parties while appointing this government has cleared the way to introduce budget by this government with necessary changes in policies. It is very important to bring budget in time or else the economic growth rate will be hampered. The government has set the target of 7 per cent economic growth by 2015 and it is possible only if the existing government can change some policies as required to expedite capital expenditure. I think, major political parties agree on this.</font></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chandra Mani Adhikari,Economist" height="154" src="https://lh3.googleusercontent.com/-D4KjA3oW-Sg/UdqSwHmogLI/AAAAAAAAA9I/HrJV-OS51jU/s291/Dr%2520Chandra%2520Mani.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><span style="color: rgb(34, 30, 31);">Dr Chandra Mani Adhikari<span class="Apple-tab-span" style="white-space: pre;"> </span></span></strong></span></span></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">Economist&nbsp;</font></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">In my opinion, this government cannot change the existing policies. The government should bring full budget to ensure effective expenditure planning in the coming fiscal year. The government, however, should not be ambitious and bring the budget in a manner that an elected government does. I think the government should take care of at least three issues. It should not introduce new programmes, it should not change policies and should not initiate big projects. Similarly, the government should not make the size of budget too large. In the revenue front, government cannot change the existing revenue policy but it can change tax rates, if needed.</font></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><span style="color: rgb(34, 30, 31);"><br />
	</span></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Hariraj Khewa Limbu,Former Minister of State for Finance" height="154" src="https://lh6.googleusercontent.com/-W0eUyWktWIE/UdqSwN4jIaI/AAAAAAAAA9U/c8kYEHsiZ6s/s287/Hariraj%2520Khewa%2520Limbu.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong>Hariraj Khewa Limbu,</strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif">Former Minister of State for Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">This government does not have the right to change the existing policies, and it should adhere to the ones adopted by the Baburam Bhattarai-led government. The government should solely focus on the Constituent Assembly elections. The primary concern for now is to form a good Constituent Assembly. This government’s only responsibility to hold election. It does not have any right to bring new programmes and policies. Moreover, as the focus should be on the elections, the government does not have time to effectively formulate new policies and monitor them, which might lead to corruption. There will be no mechanism to check corrupt activities in the absence of an elected body.</font></p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-08',
			'modified' => '2013-07-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16.',
			'sortorder' => '1192',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '1138',
			'article_category_id' => '135',
			'title' => 'Full-fledged, Timely Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
<!--[if gte mso 9]><xml>
 <w:WordDocument>
  <w:View>Normal</w:View>
  <w:Zoom>0</w:Zoom>
  <w:TrackMoves/>
  <w:TrackFormatting/>
  <w:PunctuationKerning/>
  <w:ValidateAgainstSchemas/>
  <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
  <w:IgnoreMixedContent>false</w:IgnoreMixedContent>
  <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
  <w:DoNotPromoteQF/>
  <w:LidThemeOther>EN-US</w:LidThemeOther>
  <w:LidThemeAsian>X-NONE</w:LidThemeAsian>
  <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
  <w:Compatibility>
   <w:BreakWrappedTables/>
   <w:SnapToGridInCell/>
   <w:WrapTextWithPunct/>
   <w:UseAsianBreakRules/>
   <w:DontGrowAutofit/>
   <w:SplitPgBreakAndParaMark/>
   <w:DontVertAlignCellWithSp/>
   <w:DontBreakConstrainedForcedTables/>
   <w:DontVertAlignInTxbx/>
   <w:Word11KerningPairs/>
   <w:CachedColBalance/>
  </w:Compatibility>
  <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
  <m:mathPr>
   <m:mathFont m:val="Cambria Math"/>
   <m:brkBin m:val="before"/>
   <m:brkBinSub m:val="--"/>
   <m:smallFrac m:val="off"/>
   <m:dispDef/>
   <m:lMargin m:val="0"/>
   <m:rMargin m:val="0"/>
   <m:defJc m:val="centerGroup"/>
   <m:wrapIndent m:val="1440"/>
   <m:intLim m:val="subSup"/>
   <m:naryLim m:val="undOvr"/>
  </m:mathPr></w:WordDocument>
</xml><![endif]--></p>
<p class="Pa21" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Delay in passage of the government’s budget during the past few years has had a telling effect on the economy. As the government prepares its budget for the upcoming fiscal year, The Corporate talked to to representatives of the private sector and the government about it. Excerpts: </span></span></span></strong></p>
<p>
	 </p>
<p>
<!--[if gte mso 9]><xml>
 <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
  DefSemiHidden="true" DefQFormat="false" DefPriority="99"
  LatentStyleCount="267">
  <w:LsdException Locked="false" Priority="0" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
  <w:LsdException Locked="false" Priority="9" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 1"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 2"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 3"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 4"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 5"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 6"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 7"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 8"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 9"/>
  <w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
  <w:LsdException Locked="false" Priority="10" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Title"/>
  <w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
  <w:LsdException Locked="false" Priority="11" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
  <w:LsdException Locked="false" Priority="22" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
  <w:LsdException Locked="false" Priority="20" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
  <w:LsdException Locked="false" Priority="59" SemiHidden="false"
   UnhideWhenUsed="false" Name="Table Grid"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
  <w:LsdException Locked="false" Priority="1" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 1"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
  <w:LsdException Locked="false" Priority="34" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
  <w:LsdException Locked="false" Priority="29" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
  <w:LsdException Locked="false" Priority="30" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 1"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 2"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 2"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 3"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 3"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 4"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 4"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 5"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 5"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 6"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 6"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="19" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
  <w:LsdException Locked="false" Priority="21" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
  <w:LsdException Locked="false" Priority="31" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
  <w:LsdException Locked="false" Priority="32" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
  <w:LsdException Locked="false" Priority="33" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
  <w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
  <w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
 </w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
 /* Style Definitions */
 table.MsoNormalTable
	{mso-style-name:"Table Normal";
	mso-tstyle-rowband-size:0;
	mso-tstyle-colband-size:0;
	mso-style-noshow:yes;
	mso-style-priority:99;
	mso-style-qformat:yes;
	mso-style-parent:"";
	mso-padding-alt:0in 5.4pt 0in 5.4pt;
	mso-para-margin-top:0in;
	mso-para-margin-right:0in;
	mso-para-margin-bottom:10.0pt;
	mso-para-margin-left:0in;
	line-height:115%;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:"Calibri","sans-serif";
	mso-ascii-font-family:Calibri;
	mso-ascii-theme-font:minor-latin;
	mso-hansi-font-family:Calibri;
	mso-hansi-theme-font:minor-latin;
	mso-bidi-font-family:"Times New Roman";
	mso-bidi-theme-font:minor-bidi;}
</style>
<![endif]--></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Dr Jagdish Chandra Pokharel<br />
	Former Chairman<br />
	National Planning Commission </span></strong></span></p>
<p>
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The government should introduce a budget that helps in increasing the capital expenditure. The capital expenditure should be stimulated in a proper manner. Another important thing is that the new budget should not be distributive like the previous ones. The growth rate should be fixed in a pragmatic way. Earlier governments had fixed the rate just to garner the popularity of general public. Similarly, government should ensure the social security schemes if possible. Inflation is pretty high these days. So the government should bring the budget that can control the inflation. </span> </span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="bhaskar" border="1" height="113" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/bhaskar.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Bhaskar Raj Rajkarnikar<br />
	Senior Vice-president<br />
	Federation of Nepalese <br />
	Chambers of Commerce and Industry (FNCCI) </span></strong></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The very first thing is that we need a full-fledged budget and that needs to be passed on time. Delays in the passage of the budget in the past few years have affected many areas of the economy. The upcoming budget should be a private sector-driven one. A large portion of the budget pie should be allocated for development activities. Similarly, the budget should give due consideration to issues related to unemployment, safe employment and labour problems. </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="Meghnath Nath Neupane" border="1" height="116" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/meghnath.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Megh Nath Neupane<br />
	Director General<br />
	Confederation of Nepalese Industries </span></strong></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The most important thing for now is that the government is bringing out a full- fledged budget. Government should identify the areas where the budget can be spent with expected outcomes. Till now, budget has mostly been of politics-oriented type. The new budget should be completely development-oriented which could help conduct the developmental activities smoothly. The trade deficit of the country is quite high for now and considering this issue, government should bring the budget that should be export -oriented. If government could not bring such budget, then at least the budget should include some import substitution measures. This will help to balance the economy.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>',
			'published' => true,
			'created' => '2013-06-24',
			'modified' => '2013-06-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'sortorder' => '1001',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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

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 &quot;&quot; [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]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2359',
			'article_category_id' => '135',
			'title' => 'Nepal-India Trade Expo- 2014',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:18px;">Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Pradeep Kumar Kedia" src="/userfiles/images/VC%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />&lsquo;The Expo can form the basis of rapid economic development.&rsquo;</strong></span></div>
<div>
	<strong>Pradeep Kumar Kedia</strong></div>
<div>
	<strong>Sr. Vice President, BiCCI</strong></div>
<div>
	&nbsp;</div>
<div>
	The international trade expo, which is going to be held in Birgunj, a major commercial hub of the country, is a solid way to promote trade. It can also be utilized as a platform to better manage our internal and external markets. For instance, the Expo will be a good platform for exchanging information about our local products including their specialties and comparative advantage. This will be important as we have found that in many cases even the domestic consumers are ignorant about the domestic products. This ignorance is a big hurdle in promoting the local products in the domestic market.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will bring the producers and consumers together at the same platform, two-way communication about the various aspects of the products displayed in the Expo will be possible. This will greatly promote the use of domestic products. Import substitution is not possible without the easy availability of and enough information about the domestic products. Thus, the Expo will be a good opportunity for reducing imports and promoting the consumption of domestic products.</div>
<div>
	&nbsp;</div>
<div>
	As the Expo will feature products and technologies from outside the country as well, we can expect a lot of interaction on the diversity of products and their usability. This will help in increasing productivity through the exchange of technology.</div>
<div>
	&nbsp;</div>
<div>
	Nepal is incurring a huge trade deficit at present. The export import ratio is 1:8 at present. The Expo will help increase our exports and thus there is a huge possibility of reducing the trade deficit.</div>
<div>
	&nbsp;</div>
<div>
	We have a huge trade deficit with India for the simple reason that the bulk of our international trade is with India. As a high number of Indian producers and traders will participate in the Expo, we can be hopeful that the interaction with them will help in promoting our exports to the southern neighbour. In this way the Expo will be a golden opportunity which can form the basis of the country&rsquo;s rapid economic growth. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="KC Lamichane,  Chairman, Federation of Nepali Journalists, Parsa" src="/userfiles/images/VC1%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 227px;" />&lsquo;Good opportunity for economic development&rsquo;<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	<strong>KC Lamichane&nbsp;</strong></div>
<div>
	<strong>Chairman, Federation of Nepali Journalists, Parsa</strong></div>
<div>
	&nbsp;</div>
<div>
	The country should march forward to the direction of social and economic transformation by institutionalizing the political change. There is always a threat of losing political achievements if the economic situation of the country is not sound. There is unfavourable environment for industrial development and degradation of the rule of law at present which leads to sluggish economic development. Economic activities amidst such instability can lead the country towards economic stability.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We consider Birgunj as the financial capital of the country as 70 per cent of total industrial investment and 60 per cent of commercial transaction takes place in this city. With this background, &lsquo;Nepal-India Trade Expo-2014&rsquo; is being organized by Birgunj Chamber of Commerce and Industry and Minds Nepal in association with other commercial houses in Birgunj.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The organizers are expecting a business transaction of around Rs 200million while around 500,000 visitors are anticipated to visit the Expo. The organizers have various other bases to anticipate the success of this Expo. Since Birgunj is located near the border, Indian citizens are also expected to visit this Expo. The commercialization of local products and promotion of local and international services in the Expo can play the role in promoting export, strengthening economic mechanisms and import substitution.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The world has moved ahead in technology. Moving forward by incorporating the technology can increase competitiveness. The Nepali economy can develop with the use of new technologies. The economic activities in the country have been sluggish with the decline in the productive sector. The Expo can play a significant role to reenergize the Nepali economy in the international market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Expo should focus mainly on two things. First, it should announce the Birgunj-Pathlaiya corridor as an industrial corridor by mounting some kind of pressure on the state for infrastructure development. Similarly, this Expo will help in the creation of jobs, sharing of technical knowledge and exploring market for goods and services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We need cooperation and coordination among all the concerned stakeholders to make the Expo a grand success.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong><img alt="Ravindra Kumar Barnawal" src="/userfiles/images/VC2%20(Copy).jpg" style="
float: left; margin: 0px 10px 0px 0px;width: 200px; height: 231px;" />&lsquo;The Expo will have a multidimensional effect&rsquo;</strong></span></div>
<div>
	<strong>Ravindra Kumar Barnawal</strong></div>
<div>
	<strong>Secretary, Birgunj&nbsp;</strong></div>
<div>
	<strong>Coordinator</strong></div>
<div>
	<strong>Stall booking sub-committee</strong></div>
<div>
	<strong>Nepal-India Business&nbsp;</strong></div>
<div>
	<strong>Expo-2014</strong></div>
<div>
	&nbsp;</div>
<div>
	The Nepal-India Expo Trade that is to be held in Birgunj is a golden opportunity for Nepal and other neighboring countries to flourish their business. It is equally important for the other countries as well as this Expo will provide them the platform to create market for their services and technology. Apart from Nepal and India, products from Bangladesh, Pakistan, and Bhutan will be displayed in the Expo. Even though the main aim of this Expo is to flourish trade, it is undoubtedly true that it will leave a positive impact on other sectors as well. Thus, its effects are multidimensional. The trade Expo will not only help to provide international recognition to Nepali products, but also to promote our products in the Indian market. &nbsp;The Expo that is scheduled to take place in Birgunj, the economic capital of Nepal, will help to set a milestone in the growth of the national economy while also providing opportunity for increment for exports. It can be guaranteed that while helping in the development of the industrial sector, the Expo will also help in solving the problem of unemployment. Even today, 7 hundred thousands of Nepali manpower is working abroad which has caused shortage of skilled manpower here in the country. Such types of Expo will be productive in leading the country towards economic growth by increasing internal as well as external trade through industrialization. Similarly, the Expo will also contribute in minimizing business loses through increase in exports. As the bulk of our trade deficit is with India, the Expo should focus on lowering the trade deficit. The Expo will also provide an opportunity to resolve bilateral trade barriers. Nepal&rsquo;s agricultural sector is still traditional and we have not been able to focus on production of goods that have comparative advantage. So, it is essential that we take information about agricultural technology from India and even if we decide to adopt it, we can expect the outcome to be positive. Likewise, the Expo equally focuses on diversification. The Expo will also provide trainings from experienced trainers on various issues such as branding of education, trade and products and corporate communication.</div>',
			'published' => true,
			'created' => '2013-12-30',
			'modified' => '2013-12-30',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Birgunj is going to host Nepal-India Trade Expo-2014 from February 13 to 20. Here is what different stakeholders of the expo have to say about the event:',
			'sortorder' => '2203',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '1846',
			'article_category_id' => '135',
			'title' => 'Economic Expectations After Election',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<div>
	<strong>Prof Dr Yubraj Sangroula</strong></div>
<div>
	<div>
		<strong>Former Attorney General,</strong></div>
	<div>
		<strong>Founder and Executive Director of the Kathmandu School of Law (KSL)</strong><br />
		<br />
		&nbsp;</div>
</div>
<div>
	Looking at the past manifestoes of political parties, focus on poverty reduction and economic and social integration seems to be only a political gimmick to win votes. These manifestoes seem unrealistic and are made without enough homework. This election is no different from those held in the past. After the election, we can expect the same old talks by political parties on the restructuring of the state and its policies. The political parties&rsquo; commitment toward big projects like hydro power, roadways and transport are still &nbsp;to be proven. However, I am optimistic that these big projects will begin after the election - if not for the nation and the people, &nbsp;they will do it for personal benefit. As a professor, I would say that if the same situation of manipulating students into dirty politics of shutting universities down for months continues, a lot of colleges and universities will be forced to close for good.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="jagadish" src="/userfiles/images/jagadish.jpg" style="margin-left: 10px; margin-right: 10px; margin-top: 10px; margin-bottom: 10px; " /></div>
<div>
	<strong>Jagadish Rathi</strong></div>
<div>
	<strong>Chairman, Tax and Revenue Committee, Federation of Nepalese Chamber of Commerce and Industry (FNCCI)</strong></div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	We have faced more than a decade of conflict and several years of political instability. Therefore, this election brings hope for the economy. We are expecting concrete implementation of economic plans rather than speeches from political leaders. We are facing the worst power crisis ever and there has to be some short term plan to mitigate it. The long heard blathers of producing 10,000-20,000 MW of electricity has to be stopped and transmission lines must be installed instead. There is a lot to expect and demand for the economy after elections.<br />
	<br />
	Despite being an agriculture-based country, Nepal has failed to capitalize on agricultural products as it has not kept up with modern agro technologies to meet the supply deficit. Infrastructural barriers like poor road and transportation systems have also hindered the smooth functioning of business. We have not been able to cash on our tourism industry due to some obvious political reasons. Our tourism is based on pilgrimage sites like Lumbini, Janakpur, Muktinath and many others which we have not been able to build on. But we must look beyond to newer possibilities. In collaboration with the Nepal Tourism Board, we have a big opportunity to making the country an educational hub, and in order to meet this demand, construction of the next international airport in Nijgad must be resumed. All of these infrastructures have to be built and we have to realize that remittance cannot be a long term solution for the economy.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-23',
			'modified' => '0000-00-00',
			'keywords' => 'new business age voices news & articles, voices news & articles from new business age nepal, voices headlines from nepal,  current and latest voices news from nepal, economic news from nepal, nepali voices economic news and events, ongoing voices news of nepal',
			'description' => 'The upcoming election seems to be eagerly awaited for by all the sections of the Nepali society. This week, The Corporate Weekly brings the views of a legal expert and a business Leader:',
			'sortorder' => '1707',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '1807',
			'article_category_id' => '135',
			'title' => '‘Nepal Should Wait And Watch’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate &nbsp;on nepal&rsquo;s currency policy: &nbsp;whether to leave the Nepali currency pegged on the Indian Rupee, or to just devalue it to reflect the current realities asNepal imports most of the daily necessites and industria raw material and the exportable surplus is very low.The Corporate Weekly this week spoke to economists to gather their views on the debate. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Prof Dr Navaraj Kandel" src="/userfiles/images/nd.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 146px;" />Prof Dr Navaraj Kandel</span></strong></div>
<div>
	<span style="font-size:14px;">Central Department of Economics, Tribhuvan University</span></div>
<div>
	The most prominent impact of the increasing value of the US dollar against the Rupee would be a sharp rise in the price of imported goods. The tendency of businessmen in countries like Nepal is to increase the prices when the value of dollar rises but to make very small reduction in prices when the dollar devaluates. This leaves the consumer victimized. Therefore, it is better to leave our currency pegged as we import most products from India and this pegged policy gives us a very stable market.</div>
<div>
	&nbsp; &nbsp;&nbsp;</div>
<div>
	<span style="font-size:14px;"><img alt="Prithvi Raj Ligal" src="/userfiles/images/prl.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 141px;" /><strong>Prithvi Raj Ligal</strong></span></div>
<div>
	<span style="font-size:14px;">Former Vice-Chairman, National planning commission</span></div>
<div>
	Nepal has deeply rooted economic relations with India and has pegged its currency with India&rsquo;s so that there is stability in the currency. The peg to maintain smooth trade and commercial relations with the world at large. Despite many informal trade relations with India, our market remains stable thanks to the peg. However, according to the IMF, in comparison to the Indian currency in the past 3-4 years, the Nepali Rupee has devaluated by 15 per cent. Therefore, these policies have to be evaluated by comparing both countries&rsquo; currency values. However, the consistent devaluation of the Indian Rupee is definitely making market prices unstable, as businessmen have &nbsp;started setting prices of the imported goods according to their own forecasts of currency values in the immediate future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deependra Bahadur Kshetry" src="/userfiles/images/dbk.jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 151px;" />Deependra Bahadur Kshetry</span></strong></div>
<div>
	<span style="font-size:14px;">Former governor, Nepal Rastra Ban</span>k</div>
<div>
	It should not be debated whether the currency has to be pegged or not. The debate, rather, should be about how to avoid such devaluation. Since Nepal Rastra Bank has already made it clear that it will not remove the peg, and since our economy is very fragile at this point, the country might face a great inflation if we remove the peg abruptly. The Indian economy has been working a lot to unwind this devaluation, therefore we will have to wait and watch till there is certain level of stability in the Indian Rupee. We should also try and increase our foreign currency reserve. If that is not possible we should try to maintain it at the current level.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-09-16',
			'modified' => '2013-09-16',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The pinch of continued depreciation of the nepali rupee is hurting nepali economy. This has renewed the debate  on nepal’s currency policy:  whether to leave the Nepali currency pegged on the Indian Rupee,',
			'sortorder' => '1668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '1724',
			'article_category_id' => '135',
			'title' => 'Auto Oil Pricing Mechanism',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">The hostility of the oil price hyping continues to threaten the economic social development rights of the people. This tends to effect more to the 80 per cent of the working class, middle class, and the people living below the threshold level least effecting the 20 per cent of the elite who continue to consume almost 60 per cent&nbsp;</span><span style="font-size: 14px;">of the national &nbsp;income. This augmentation on oil price is not only effecting the oil consumer but has even devastating effect on the poor when the price of all other basic necessities hype to a greater level but there is no shift in the income level of the 80 per cent even if there is least possibility.</span></div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Saroj Pandey, Former president, Nepal Petroleum Dealers’ Association (NPDA)" src="/userfiles/images/dsp.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 229px;" />Saroj Pandey</span></strong></div>
<div>
	<span style="font-size:14px;"><em>Former president, Nepal Petroleum Dealers&rsquo; Association (NPDA)</em></span></div>
<div>
	&nbsp;</div>
<div>
	One of the major reasons behind the oil pricing mechanism is the oil politics, the bigger picture lies behind the veil that is reluctance of both political parties and the National Oil Corporation (NOC). The NOC being one of the biggest pitch for corruption, this extreme incompetence of the two sides is leading the country towards black hole of economic detriment. The reluctance can be seen, after facing so many oil crisis and dispute. The NOC has not been able to set any petroleum regulatory mechanism nor does the government have it been able to bring any sort of law and act regarding petroleum distribution and regulation. This incompetence of the government and the NOC is leading frustration among the people and also among private investors. This mismanagement of corporation and constant oppression to the people will have to come to an end. &nbsp;If they cannot run the country and the corporation they will have to raise their hands to surrender the oil pricing mechanism to the market forces. There I suggest the Government to wash their hands off the dirty politics and the private investor to maintain their ethics and give justice to this crisis.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size:14px;"><img alt="Deepak Subedi,Spokesperson, Ministry of Commerce and Supplies " src="/userfiles/images/ds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 232px;" />Deepak Subedi</span></strong></div>
<div>
	<em><span style="font-size:14px;">Spokesperson, Ministry&nbsp;</span><span style="font-size: 14px;">of Commerce and Supplies&nbsp;</span></em></div>
<div>
	&nbsp;</div>
<div>
	The budget has clearly decided to take on the auto pricing mechanism and the government is slowly moving toward the required policy formation to adopt the system, it is a gradual process because if the prices are abruptly left on the auto mechanism there would be rapid growth of inflation which could make the situation even more chaotic. Looking at the past, the previous governments had constantly tried to raise the price of the oil, which led to protest. Then the government was forced to revoke those decisions immediately. But this government &nbsp; seems committed and is looking for a long term solution .Because of the over hiking debts this government has decided cut subsides.</div>',
			'published' => true,
			'created' => '2013-09-02',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The hostility of the oil price hyping continues to threaten the economic social development rights of the people.',
			'sortorder' => '1585',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '1593',
			'article_category_id' => '135',
			'title' => 'Maximum Participation A Must For Power Summit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The Independent Power Producers&rsquo; Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers. This is the 4th such event being organised by IPPAN and invitations have already been sent to investors and foreign delegates. The organisers expect the summit to create a favourable environment for the hydropower sector. The Corporate caught up with IPPAN representatives to find out about preparations for the event. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Subarna Das Shrestha, President, IPPAN" src="/userfiles/images/sds.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 174px;" /><strong>Subarna Das Shrestha</strong></div>
<div>
	<em>President, IPPAN</em></div>
<div>
	IPPAN is deeply committed towards making the event successful. We are highlighting the importance and potential of hydropower this year and spreading the word to investors, representatives from different financial institutions and foreign delegations. We are expecting around 500 participants this year and believe that if we are able to attract more foreign participants, the summit could be considered successful. If we convince the foreign delegates of our project proposals, we will be attracting investment funds from them which will help implement hydropower projects more smoothly. Similarly, we are focused to convince the government too. The ongoing power shortage is halting the growth of the economy. The summit can help in creating an environment conducive for successful completion of all hydropower projects. We are trying our best to make it informative and useful.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Khadk Bahadur Bisht Vice President, IPPAN" src="/userfiles/images/kbb.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 150px; height: 175px;" /><strong>Khadk Bahadur Bisht</strong></div>
<div>
	<em>Vice President, IPPAN</em></div>
<div>
	I believe that there will be maximum participation to make the Power Summit successful. Earlier, many developers came for hydropower projects but they gradually vanished which was not good for the sector. Based on this, I would say that the summit will be successful if it is able to attract developers in a large number. At a time when the energy crisis is high, the summit should be able to address the prerequisites of the hydropower sector and convince the government, developers and investors. There should be qualified speakers and appropriate projects presented to make this possible. As political instability affects economic growth, the summit should address the issue of political commitment and legal and regulatory framework. It should also address the demands of developers. Similarly, various workshops focusing on core areas, like export-oriented projects with direct foreign investment and power market mechanism, will help make the summit successful.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-12',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Independent Power Producers’ Association Nepal (IPPAN) is organising a Power Summit on August 26 and 27 this year, an event for hydropower developers.',
			'sortorder' => '1454',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '1546',
			'article_category_id' => '135',
			'title' => 'New Monetary Policy To Be Directive',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts:&nbsp;</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari&nbsp;</strong></div>
<div>
	<em>President, Bankers&rsquo; Association&nbsp;</em></div>
<div>
	Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
	<em>CEO, Commerce and Trust Bank&nbsp;</em></div>
<div>
	A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Hari Bhakta Sharma  Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
	<em>Vice President, Confederation of Nepalese Industries (CNI)&nbsp;</em></div>
<div>
	The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents&rsquo; salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-08-04',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary.',
			'sortorder' => '1407',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1453',
			'article_category_id' => '135',
			'title' => 'FY 2013-14 Budget: Positive Towards Every Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;">Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years. Some experts, however, expressed their dissatisfactions over the programmes introduced by the government. The Corporate has gathered views from experts and business communities regarding Budget 2013-14. <strong>Excerpts:</strong></span></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sekhar Golchha President Nepal Automobile Dealers’ Association (NADA" src="/userfiles/images/shekhar%20golcha.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 126px;" /><strong>Sekhar Golchha&nbsp;</strong></div>
<div>
	<em>President&nbsp;</em></div>
<div>
	<em>Nepal Automobile Dealers&rsquo; Association (NADA)&nbsp;</em></div>
<div>
	Full-fledged budget was not introduced since long. This year, the government introduced full- fledged budget and we think this is a good beginning. A full-fledged budget, despite its shortcomings, will help economy to move forward. We had requested the government to reduce the tax levied on automobiles but government did not do that. Except on alcohol and tobacco, the government has not changed the tax on goods. In this context, there is no space to show our dissatisfaction to the government. If taxes were decreased, it would have helped to increase the economy. Budget has targeted to provide roads to every district, which will have positive impact on business of automobiles. Actually, roads and transportation are the key element for economic growth.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Ashok Temani Immediate Past President Birgunj Chamber of Commerce and Industry (BiCCI)" src="/userfiles/images/Ashok%20Temani.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Ashok Temani&nbsp;</strong></div>
<div>
	<em>Immediate Past President&nbsp;</em></div>
<div>
	<em>Birgunj Chamber of Commerce and Industry (BiCCI)&nbsp;</em></div>
<div>
	Budget has covered every aspect. It has focused on physical infrastructure, including energy which is quite positive and commendable. It is worth mention here that five percent economic growth is possible if the major provisions of the budget are implemented effectively. The budget has earmarked money to construct infrastructure for railway, build international airport at Nijgadh, generation of electricity and transmission lines for electricity. These are some instances of development friendly budget allocation. Similarly, government has promised to implement &lsquo;One Village One Product Programme&rsquo;, to develop the agricultural business and to build a ware-house in Kolkata to ease foreign trade.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Barsha Man Pun,Former Finance Minister" src="/userfiles/images/Barsha%20Man%20Pun.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 115px;" /><strong>Barsha Man Pun</strong></div>
<div>
	<em>Former Finance Minister&nbsp;</em></div>
<div>
	The government has brought programmes violating earlier agreement with the political parties. The size of the budget is quite big and Rs 16 million allocated to hold elections is not justifiable. There is a high chance of manipulation of such a big amount. Political parties had suggested the government to allocate Rs 10 million for the purpose of election. Despite being an election government, this government has brought a number of populist programmes. Similarly, long- term programmes have been added to the budget. It shows that the government is trying to lengthen its tenure.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-22',
			'modified' => '0000-00-00',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Fiscal Year 2013-14 budget of the government has given positive signals towards every sector as it has considered the demands and suggestions from different sectors. The positive signals emanate primarily from the fact that it is the first full-fledged budget brought out before the beginning of the fiscal year in the last three years.',
			'sortorder' => '1314',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1330',
			'article_category_id' => '135',
			'title' => 'Can The New Government Change Any Policy?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="">
	<font face="arial, helvetica, sans-serif">The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16. In this process, the government is also preparing to change some policies. However, there are views that argue that as this government’s mandate is only to hold the coming elections, it must not change any of the existing policies. The Corporate talked with some experts about the issue. Excerpts:</font></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chiranjibi Nepal,Principal Advisor,Ministry of Finance" height="154" src="https://lh4.googleusercontent.com/-tbX4iUnBeMI/UdqSwI79ZHI/AAAAAAAAA9Q/WbppY81OG8c/s154/Dr%2520Chiranjibi%2520Nepal.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif"><b>Dr Chiranjibi Nepal&nbsp;</b></font></p>
<p>
	<font face="arial, helvetica, sans-serif">Principal Advisor&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">Ministry of Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">The present government can definitely change the existing policies as required and bring new programmes. The 25-point agreement between the major political parties while appointing this government has cleared the way to introduce budget by this government with necessary changes in policies. It is very important to bring budget in time or else the economic growth rate will be hampered. The government has set the target of 7 per cent economic growth by 2015 and it is possible only if the existing government can change some policies as required to expedite capital expenditure. I think, major political parties agree on this.</font></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Dr Chandra Mani Adhikari,Economist" height="154" src="https://lh3.googleusercontent.com/-D4KjA3oW-Sg/UdqSwHmogLI/AAAAAAAAA9I/HrJV-OS51jU/s291/Dr%2520Chandra%2520Mani.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><span style="color: rgb(34, 30, 31);">Dr Chandra Mani Adhikari<span class="Apple-tab-span" style="white-space: pre;"> </span></span></strong></span></span></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">Economist&nbsp;</font></p>
<p class="Pa18">
	<font color="#221e1f" face="arial, helvetica, sans-serif">In my opinion, this government cannot change the existing policies. The government should bring full budget to ensure effective expenditure planning in the coming fiscal year. The government, however, should not be ambitious and bring the budget in a manner that an elected government does. I think the government should take care of at least three issues. It should not introduce new programmes, it should not change policies and should not initiate big projects. Similarly, the government should not make the size of budget too large. In the revenue front, government cannot change the existing revenue policy but it can change tax rates, if needed.</font></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><span style="color: rgb(34, 30, 31);"><br />
	</span></span></span></p>
<p class="Pa18" style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><br />
	</span></span></p>
<p style="">
	 </p>
<p>
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong><img alt="Hariraj Khewa Limbu,Former Minister of State for Finance" height="154" src="https://lh6.googleusercontent.com/-W0eUyWktWIE/UdqSwN4jIaI/AAAAAAAAA9U/c8kYEHsiZ6s/s287/Hariraj%2520Khewa%2520Limbu.jpg" style="float: left; margin: 0px 10px 0px 0px;" width="133" /></strong></span></span></p>
<p style="">
	<span style="font-size:12px;"><span style="font-family: arial, helvetica, sans-serif;"><strong>Hariraj Khewa Limbu,</strong></span></span></p>
<p>
	<font face="arial, helvetica, sans-serif">Former Minister of State for Finance&nbsp;</font></p>
<p>
	<font face="arial, helvetica, sans-serif">This government does not have the right to change the existing policies, and it should adhere to the ones adopted by the Baburam Bhattarai-led government. The government should solely focus on the Constituent Assembly elections. The primary concern for now is to form a good Constituent Assembly. This government’s only responsibility to hold election. It does not have any right to bring new programmes and policies. Moreover, as the focus should be on the elections, the government does not have time to effectively formulate new policies and monitor them, which might lead to corruption. There will be no mechanism to check corrupt activities in the absence of an elected body.</font></p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-07-08',
			'modified' => '2013-07-08',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government is going full swing in preparation to bring out the government budget for the fiscal year that starts on July 16.',
			'sortorder' => '1192',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '1138',
			'article_category_id' => '135',
			'title' => 'Full-fledged, Timely Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
<!--[if gte mso 9]><xml>
 <w:WordDocument>
  <w:View>Normal</w:View>
  <w:Zoom>0</w:Zoom>
  <w:TrackMoves/>
  <w:TrackFormatting/>
  <w:PunctuationKerning/>
  <w:ValidateAgainstSchemas/>
  <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
  <w:IgnoreMixedContent>false</w:IgnoreMixedContent>
  <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
  <w:DoNotPromoteQF/>
  <w:LidThemeOther>EN-US</w:LidThemeOther>
  <w:LidThemeAsian>X-NONE</w:LidThemeAsian>
  <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript>
  <w:Compatibility>
   <w:BreakWrappedTables/>
   <w:SnapToGridInCell/>
   <w:WrapTextWithPunct/>
   <w:UseAsianBreakRules/>
   <w:DontGrowAutofit/>
   <w:SplitPgBreakAndParaMark/>
   <w:DontVertAlignCellWithSp/>
   <w:DontBreakConstrainedForcedTables/>
   <w:DontVertAlignInTxbx/>
   <w:Word11KerningPairs/>
   <w:CachedColBalance/>
  </w:Compatibility>
  <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel>
  <m:mathPr>
   <m:mathFont m:val="Cambria Math"/>
   <m:brkBin m:val="before"/>
   <m:brkBinSub m:val="--"/>
   <m:smallFrac m:val="off"/>
   <m:dispDef/>
   <m:lMargin m:val="0"/>
   <m:rMargin m:val="0"/>
   <m:defJc m:val="centerGroup"/>
   <m:wrapIndent m:val="1440"/>
   <m:intLim m:val="subSup"/>
   <m:naryLim m:val="undOvr"/>
  </m:mathPr></w:WordDocument>
</xml><![endif]--></p>
<p class="Pa21" style="margin-top:5.0pt">
	<strong><span style="font-size:14px;"><span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">Delay in passage of the government’s budget during the past few years has had a telling effect on the economy. As the government prepares its budget for the upcoming fiscal year, The Corporate talked to to representatives of the private sector and the government about it. Excerpts: </span></span></span></strong></p>
<p>
	 </p>
<p>
<!--[if gte mso 9]><xml>
 <w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
  DefSemiHidden="true" DefQFormat="false" DefPriority="99"
  LatentStyleCount="267">
  <w:LsdException Locked="false" Priority="0" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
  <w:LsdException Locked="false" Priority="9" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 2"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
  <w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 1"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 2"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 3"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 4"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 5"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 6"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 7"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 8"/>
  <w:LsdException Locked="false" Priority="39" Name="toc 9"/>
  <w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
  <w:LsdException Locked="false" Priority="10" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Title"/>
  <w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
  <w:LsdException Locked="false" Priority="11" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
  <w:LsdException Locked="false" Priority="22" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
  <w:LsdException Locked="false" Priority="20" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
  <w:LsdException Locked="false" Priority="59" SemiHidden="false"
   UnhideWhenUsed="false" Name="Table Grid"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
  <w:LsdException Locked="false" Priority="1" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 1"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
  <w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
  <w:LsdException Locked="false" Priority="34" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
  <w:LsdException Locked="false" Priority="29" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
  <w:LsdException Locked="false" Priority="30" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 1"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 2"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 2"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 3"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 3"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 4"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 4"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 5"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 5"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
  <w:LsdException Locked="false" Priority="60" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="61" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light List Accent 6"/>
  <w:LsdException Locked="false" Priority="62" SemiHidden="false"
   UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="63" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="64" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="65" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="66" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="67" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
  <w:LsdException Locked="false" Priority="68" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
  <w:LsdException Locked="false" Priority="69" SemiHidden="false"
   UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
  <w:LsdException Locked="false" Priority="70" SemiHidden="false"
   UnhideWhenUsed="false" Name="Dark List Accent 6"/>
  <w:LsdException Locked="false" Priority="71" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
  <w:LsdException Locked="false" Priority="72" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
  <w:LsdException Locked="false" Priority="73" SemiHidden="false"
   UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
  <w:LsdException Locked="false" Priority="19" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
  <w:LsdException Locked="false" Priority="21" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
  <w:LsdException Locked="false" Priority="31" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
  <w:LsdException Locked="false" Priority="32" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
  <w:LsdException Locked="false" Priority="33" SemiHidden="false"
   UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
  <w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
  <w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
 </w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
 /* Style Definitions */
 table.MsoNormalTable
	{mso-style-name:"Table Normal";
	mso-tstyle-rowband-size:0;
	mso-tstyle-colband-size:0;
	mso-style-noshow:yes;
	mso-style-priority:99;
	mso-style-qformat:yes;
	mso-style-parent:"";
	mso-padding-alt:0in 5.4pt 0in 5.4pt;
	mso-para-margin-top:0in;
	mso-para-margin-right:0in;
	mso-para-margin-bottom:10.0pt;
	mso-para-margin-left:0in;
	line-height:115%;
	mso-pagination:widow-orphan;
	font-size:11.0pt;
	font-family:"Calibri","sans-serif";
	mso-ascii-font-family:Calibri;
	mso-ascii-theme-font:minor-latin;
	mso-hansi-font-family:Calibri;
	mso-hansi-theme-font:minor-latin;
	mso-bidi-font-family:"Times New Roman";
	mso-bidi-theme-font:minor-bidi;}
</style>
<![endif]--></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Dr Jagdish Chandra Pokharel<br />
	Former Chairman<br />
	National Planning Commission </span></strong></span></p>
<p>
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The government should introduce a budget that helps in increasing the capital expenditure. The capital expenditure should be stimulated in a proper manner. Another important thing is that the new budget should not be distributive like the previous ones. The growth rate should be fixed in a pragmatic way. Earlier governments had fixed the rate just to garner the popularity of general public. Similarly, government should ensure the social security schemes if possible. Inflation is pretty high these days. So the government should bring the budget that can control the inflation. </span> </span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="bhaskar" border="1" height="113" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/bhaskar.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Bhaskar Raj Rajkarnikar<br />
	Senior Vice-president<br />
	Federation of Nepalese <br />
	Chambers of Commerce and Industry (FNCCI) </span></strong></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><span style="color: rgb(34, 30, 31);">The very first thing is that we need a full-fledged budget and that needs to be passed on time. Delays in the passage of the budget in the past few years have affected many areas of the economy. The upcoming budget should be a private sector-driven one. A large portion of the budget pie should be allocated for development activities. Similarly, the budget should give due consideration to issues related to unemployment, safe employment and labour problems. </span></span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;</span></p>
<p class="Default">
	<span style="font-size:14px;">&nbsp;<img alt="Meghnath Nath Neupane" border="1" height="116" hspace="10" src="http://www.newbusinessage.com/images/thecorporate/meghnath.jpg" vspace="10" width="100" /></span></p>
<p class="Pa17">
	<span style="font-size:14px;"><strong><span style="color: rgb(34, 30, 31);">Megh Nath Neupane<br />
	Director General<br />
	Confederation of Nepalese Industries </span></strong></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">The most important thing for now is that the government is bringing out a full- fledged budget. Government should identify the areas where the budget can be spent with expected outcomes. Till now, budget has mostly been of politics-oriented type. The new budget should be completely development-oriented which could help conduct the developmental activities smoothly. The trade deficit of the country is quite high for now and considering this issue, government should bring the budget that should be export -oriented. If government could not bring such budget, then at least the budget should include some import substitution measures. This will help to balance the economy.</span></span></p>
<p class="MsoNormal">
	<span style="font-size:14px;"><span style="line-height: 115%; color: rgb(34, 30, 31);">&nbsp;</span></span></p>',
			'published' => true,
			'created' => '2013-06-24',
			'modified' => '2013-06-24',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'sortorder' => '1001',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_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