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			'title' => 'Three-day National Mourning On Mandela’s Demise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader. The cabinet meeting held last Saturday decided to fly the national flag at half-mast at government and diplomatic missions abroad and not to hold any official ceremonies for three days starting from Sunday. The government has also expressed condolence to the family of Mandela and to the people of South Africa.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the cabinet meeting has also decided to send a delegation led by Foreign Minister Madhav Prasad Ghimire to attend Mandela&rsquo;s condolence assembly to be held in South Africa on December 10.</div>
<div>
	&nbsp;</div>
<div>
	Mandela, who led South Africa&rsquo;s transition from white-minority rule in the 1990s, died last Thursday at the age of 95. He was receiving intensive medical care at home for a lung infection after spending three months in hospital.</div>
<div>
	&nbsp;</div>
<div>
	President Dr Ram Baran Yadav has also expressed profound sadness over the demise of the father of South Africa. Nepali Congress President Sushil Koirala has said that he was stunned by the news of the demise of Mandela. He also wished for eternal peace to the departed soul while expressing condolences to the bereaved family and people and government of South Africa at this hour of grief in the demise of Mandela.</div>',
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			'description' => 'The government has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader.',
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			'title' => 'Parties Mull Selection Of PR Candidates',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Following the Election Commission&rsquo;s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC), which has grabbed the highest number of seats under the PR system, held the meeting of its Parliamentary Board last Friday to select the names. NC, which has bagged 105 seats under direct system, secured 91 seats under the PR system. The 15-member board is still to pick the names of candidates following the selection criteria, a member of the Board&nbsp;</div>
<div>
	told TC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, CPN (UML), which won 91 seats under direct system, is also holding its central committee meeting on December 9 to select 84 candidates that is entitled for the CA members under the PR system. Earlier, on last Friday, Standing Committee meeting of the CPN (UML) proposed to nominate half of the total candidates from the central committee and central departments and local committees, weighing their contribution to the party.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Rastriya Prajatantra Party-Nepal (RPP Nepal) has also said that it is preparing to submit the names of the PR candidates to the EC within a week. RPP-Nepal, which failed to win a single seat under direct electoral system, however, emerged as fourth largest party managing to secure 24 seats under PR system.</div>
<div>
	&nbsp;</div>
<div>
	However, UCPN (Maoist), the third largest party, has said that it would not nominate its representatives unless its demand of forming a probe commission to investigate into the alleged vote rigging is not met. UCPN (Maoist) has won 26 seats under direct system, while it bagged 54 seats under PR system. The winners of the UCPN (Maoist) under the direct system have not accepted the certificate from the EC yet. &nbsp;Nine other fringe parties that have won few seats, are also joining the UCPN (Maoist) in the chorus of vote rigging. They also have said that they would not recommend the names until probe commission is formed.</div>
<div>
	&nbsp;</div>
<div>
	Earlier last week, the EC had made public the total number of the seats secured by the 30 political parties under the PR system. It has asked 30 parties to recommend the names of the PR candidates to join the CA by December 10. Political parties have to pick the names from the PR list that they have submitted to the EC before the CA polls as per the electoral laws. The laws required the parties to maintain certain per cent of the proportional representation from women, Janajatis, Dalits, Madhesis, people representing the backward communities and Khas Aarya group.</div>',
			'published' => true,
			'created' => '2013-12-09',
			'modified' => '2013-12-09',
			'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' => 'Following the Election Commission’s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.',
			'sortorder' => '2075',
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		'Article' => array(
			'id' => '2196',
			'article_category_id' => '140',
			'title' => 'Nepal Political News In Brief ( 2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Chinese Envoy Congratulates Koirala</strong></span></div>
<div>
	Chinese Ambassador to Nepal, Wu Chuntai, called on President of Nepali Congress, Sushil Koirala last Thursday. During the meeting held at Koirala&rsquo;s residence Maharajgunj, Ambassador Wu congratulated Koirala for his and his party Nepali Congress&rsquo; victory as the largest party in the Constituent Assembly (CA) election. NC President Koirala told Ambassador Wu that they were holding talks between the political parties regarding the formation of a consensus government and on current political developments.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Madhav Nepal Warns Congress</strong></span></div>
<div>
	Senior leader of CPN-UML Madhav Kumar Nepal has warned that Nepali Congress (NC) has to pay a price if his party CPN (UML) was minimized on power sharing. At a programme at Parsa last Wednesday, he said as people voted for NC and UML to go together, there is no alternative for them other than to move together. He pointed out the need to draft a constitution in one year by taking both the Maoist parties and the Madhes- based parties together. Stating that the Madhesi parties had no significance in Madhes, he urged UCPN-Maoist not to be humiliated upon being defeated in election. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nembang for Institutionalising Past Agreements</strong></span></div>
<div>
	Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA. &nbsp;At a press meet organized by the Press Chautari Nepal at Damak in Jhapa district last Thursday, Nembang, also the leader of CPN-UML, said consensus can be forged by making some alterations in the contentious issues of the last CA. &nbsp;As the election was successful on the basis of consensus, the new constitution should also be issued on the basis of consensus among parties, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CA polls pave the way out for the nation&rdquo;</strong></span></div>
<div>
	Education Minister Madhav Poudel has said the successful completion of the Constituent Assembly (CA) election has paved the way out for the nation from political crisis. Speaking at a programme in Myagdi last Saturday, Minister Poudel, also spokesperson of the government, said atmosphere for establishing political stability and drafting a new constitution has been created with the completion of the CA election. &ldquo;The incumbent government has successfully completed its task of holding the CA election no matter in which condition and context it was formed,&rdquo; he said, adding the election has given a way out to the nation from the prolonged political crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dahal Back to Home from Delhi</strong></span></div>
<div>
	UCPN (Maoist) Chairman Pushpa Kamal Dahal has returned home last Saturday visiting his ailing daughter in New Delhi, India. Dahal went to the Indian capital on November 28 to meet his ailing eldest daughter Gyanu Dahal KC who is undergoing treatment for cancer. Talking to media persons briefly at Tribhuvan International Airport upon arrival, leader Dahal said his Delhi visit was completely a personal trip and he neither met with any political figure nor held any formal meetings during his stay there. &ldquo;I met my daughter who is undergoing treatment in New Delhi, took information about her health condition and returned,&rdquo; he said.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-03',
			'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' => 'Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA.',
			'sortorder' => '2042',
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			'id' => '2194',
			'article_category_id' => '140',
			'title' => 'PR Election Result Made Public',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">E</span><span style="font-size: 12px;">lection Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.</span></div>
<div>
	&nbsp;</div>
<div>
	As per the result, the Nepali Congress has stood first with 2.4 million votes while the CPN-UML is in the second position with 2.2 million votes. The UCPN-Maoist is the third one with 1.4 million votes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/pol%20(Copy).jpg" style="width: 456px; height: 1200px; margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'Election Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.',
			'sortorder' => '2039',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2195',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up ( 25 November - 1 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;">&bull;</span>China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts. &nbsp;Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday. According to MoF, the concessional loan received from the Export-Import Bank of China will be handed to Nepal Airlines Corporation (NAC) to use for aircraft. MoF said out of the total assistance, Rs 2,943 million will be used to acquire one MA60 and one Y12E aircraft on grant and up to Rs 3,728 million will be used to purchase one MA60 and three Y12E aircraft on loan. According to the tourism entrepreneurs, adding new aircraft to the existing fleet of the corporation would be important in catering the growing number of passengers thereby boosting the tourism industry.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>Stock market moved downwards after few weeks of gaining string as wary investors opted to book profits after recent gains. Nepse index fell 12.80 points last week to settle at 643.95. Though market observed a marginal correction last week, investors are upbeat about the market prospects due to the victory of &lsquo;democratic parties&rsquo; in the CA polls. According to stock analysts, the overall market is in the rising trend and big boost can be expected in coming weeks as soon as the government formation process kicks off. The political environment has become a major factor for the rise of the Nepse index.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The banking system has observed excessive liquidity after banking and financial institutions (BFIs) failed to boost the investment. According to the latest data, in last four months (between Sep 6-Nov 8), commercial banks have accumulated the total deposit amount has increased by Rs 42 billion, while the total loan investment has increased only by the half of the amount of the total deposit. The excessive liquidity has led Nepal Rastra Bank (NRB) to issue the Reverse Repo several times during the period of four months. NRB issued a latest round of reverse repo last week to absorb excess liquidity from the market. As many as 21 commercial banks have bid for securities worth Rs 23 billion for the reverse repo held by the NRB worth Rs 10 billion. This is the sixth times that NRB has issued the reverse repo in the current fiscal year. According to NRB, the reverse repos were held in a bid to ensure financial stability and good governance by curbing inflation in the market due to the excess liquidity.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>At a time when Civil Aviation Authority of Nepal (CAAN) was defending allegations against it on aviation safety and clear International Civil Aviation Organisation (ICAO) about the present scenario of the domestic aviation industry, a probe committee formed to investigate the May 16 accident of Nepal Airlines Corporation aircraft in Jomsom has attributed to the pilot&rsquo;s error as the factor behind the crash. &ldquo;The most probable cause of the accident is inappropriate short take-off and landing procedure carried out by the pilot-in-command during the landing phase and an attempt to take off again without sufficient airspeed, lifting force and runway length to roll,&rdquo; read the report released last week. Aviation specialists say that the air accidents or incidents are caused by the prevailing risk factors which could be eliminated if the associated hazards are identified and risks mitigated before they contribute to an accident or incident.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The gold import has gone down to Rs 3.5 billion between mid-July and mid-October compared to Rs 7 billion worth of import a year ago, according to the data of &nbsp;Nepal Rastra Bank (NRB). However, the silver import has surged to Rs 2.6 billion from Rs 847 million over the period. Gold traders attribute to the low demand even during festivals like Teej for the decline in the precious yellow metal.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts.  Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday.',
			'sortorder' => '2038',
			'image' => null,
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	(int) 5 => array(
		'Article' => array(
			'id' => '2193',
			'article_category_id' => '140',
			'title' => 'Parties Intensify Power Sharing Parleys',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire / Angila Sharma&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	A<span style="font-size: 12px;">s the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government. &nbsp;In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday. &nbsp;UML leader Raghuji Pant, who was also present in the meeting, informed that the leader duo exchanged congratulation for the victory in the polls. &nbsp;Issues of government formation and constitution drafting also transpired during the meeting, he said. It is learnt that Khanal also asked Koirala to take the initiative to form the new government and to try bringing the other parties on board as well.</span></div>
<div>
	&nbsp;</div>
<div>
	Likewise, NC president Koirala has also met with the UCPN (Maoist) chairman Pushpa Kamal Dahal last Monday (November 25) to seek latter&rsquo;s support for the formation of the government and drafting new constitution on the basis of consensus. &ldquo;No party can make any difference alone. So we should work together for government formation and constitution-drafting,&rdquo; Koirala told Dahal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, UCPN (Maoist) has demanded the provision for the mandatory consensus be reinstated in the interim constitution for forming the government. The meeting of the UCPN (Maoist) held on November 25 has concluded that the consensual provision was imperative to draft the new constitution and form the government. &ldquo;The Interim Constitution should be amended and a system of consensus established for constitution drafting and for other things as well,&rdquo; read the press statement of the UCPN (Maoist). NC and CPN (UML) have, however, rejected such demand. The Central Working Committee meeting of the NC held last Wednesday inferred that it would not accept any proposal that demands making consensus politics mandatory through constitutional amendment. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Though we are for consensus government, the demand to amend the constitution to include the provision of mandatory consensus is not acceptable to us,&rdquo; a CWC leader of the NC said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Disputes over Prez tenure</strong></span></div>
<div>
	With the new result of the CA polls, parties are also divided over the tenure of the incumbent President Dr Rambaran Yadav and Vice-president Paramananda Yadav. While NC is maintaining that the President Dr Yadav should remain in the office until new constitution is drafted, UML leaders are demanding new power sharing agreement in the changed scenario. UCPN (Maoist) has thrown its weight behind the reelection of the new President and the Vice-president in the post-poll scenario. Likewise, Rastriya Prajatantra Party-Nepal (RPP-N) Chairman Kamal Thapa has called for the election for new president and vice-president as per the fresh mandate of the CA polls.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'As the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government.  In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday.',
			'sortorder' => '2036',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2151',
			'article_category_id' => '140',
			'title' => 'NC-UML Sweep CA Polls; UCPN (Maoist) Cries Foul',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes. As The Corporate went to the press, Nepali Congress has taken the lead towards the first-past-the-post electoral system securing 105 seats, followed by CPN (UML) with 91 seats. The largest party of the erstwhile CA, UCPN (Maoist), however, has trailed far behind with only 25 seats in its kitty. Likewise, Terai Madhes Loktantrik Party and Madhesi Janadhikar Forum Democratic have each secured four seats.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among others, Rastriya Prajatantra Party has won 3 seats, Madhesi Janadhikar Forum Nepal 2, Sadbhawana Party 1, Nepal Workers Peasants Party 1 and Terai Madhes Sadbhawana Party has won 1 seat. Similarly, two independent candidates also managed to secure a berth in the upcoming CA. As the poll results trickled down, UCPN (Maoist) has claimed &lsquo;irregularities&rsquo;, &lsquo;conspiracy&rsquo; and &lsquo;poll rigging&rsquo; to be behind its defeat. Holding a press conference last Thursday, UCPN (Maoist) chairman Pushpa Kamal Dahal has demanded the review of the entire election process. He has also warned to boycott the Constituent Assembly if his party&rsquo;s demand is not met. However, Election Commission, government officials and other parties have ruled out the review of the election process. Carter Center along with other poll observing groups has said that the polls were held in a free and fair manner. As The Corporate went to press on Sunday, the counting of the vote under proportional representation system is going on. Out of 16,72,519 votes counted in various constituencies across the country, CPN (UML) has led the counting with 4,68,426 votes. Likewise, Nepali Congress is following the CPN (UML) with 4, 39,438 votes. UCPN (Maoist), which suffered a big blow towards FPTP system, is in the fourth position with 2,81,338 votes. Rastriya Prajatantra Party-Nepal, a pro-monarchist party, has emerged as a fourth party with 1,35,054 votes.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'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' => 'Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes',
			'sortorder' => '1998',
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			'title' => 'Weekly Round Up (04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;As the election is round the corner, the poll-opposing CPN-Maoist &ndash;led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist. The international community has said that such programme will violate the political rights of the people and is against the law of Nepal. It has also urged the CPN-Maoist-led alliance to withdraw the banda programme immediately. Likewise, Federation of Nepal Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) have also urged the CPN-Maoist to withdraw the banda. FNCCI president Suraj Baidya has even warned to defy the banda if CPN-Maoist does not withdraw it immediately.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Though the peak tourism season is approaching, entrepreneurs have predicted that the number of tourist arrival may go down this year as the political uncertainty looms ahead due to the CA polls. As the country is likely to observe disturbances, violence and protests before and after the polls, the US has issued a travel alert to its citizens while travelling to Nepal. The US is the fourth largest tourist market source to Nepal. The hotel entrepreneurs have also said that the tourists have started cancelling their reservations at the hotels. Tourism entrepreneurs have lamented that the political uncertainty in Nepal has painted a negative picture of the country in the international front resulting adverse impact to their business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Malaysia has hiked its visa fee by six folds. Malaysia, which is one of the most sought destinations for the Nepali workers, has increased its visa fee to Rs 4,200 from Rs 700. The hike of the visa fee will add on the burden to the aspiring Nepali workers for the Malaysia. Though the government has set a ceiling of Rs 80,000 for the manpower company to charge the aspiring worker, the manpower agencies have been opposing the ceiling amount complaining that such amount was not practical as that does not include the commission amount to be paid in Malaysia. The manpower companies are charging more than that ceiling amount. With the rise of the visa fees, the ceiling amount set by the government will be more impractical.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Nepal Rastra Bank (NRB) has called proposals from the commercial banks to deposit the amount worth Rs 2.26 billion that the central bank has in different funds. The NRB has asked the interested commercial banks to submit the proposals by Monday. The interested banks can apply with the proposed interest rate. The NRB has also set some criteria for the commercial banks who can apply for such fixed deposit amounts. According to the NRB, only those commercial banks are eligible to apply that are operating for at least two years and have issued shares to the public.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Nepali currency has once again slumped past the Rs 100 mark per dollar last week. Nepal Rastra Bank, the central monetary authority, fixed an exchange rate of Rs 100.32 per US dollar last Saturday. Nepali currency had continued to weaken for last 3 months and had hit the lowest of Rs 109.03 on September 4. The last time the Nepali currency had dropped past Rs 100 mark was on August 20.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on November 1, the eve of the Tihar festival. However, it decreased by Rs 400 on per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'As the election is round the corner, the poll-opposing CPN-Maoist –led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2099',
			'article_category_id' => '140',
			'title' => 'Amid Sporadic Cases Of Violence, Election Euphoria Grips The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	W<span style="font-size: 12px;">ith the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works. &nbsp;The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them. However, the poll opposing CPN-Maoist-led 33-party alliance has also rolled up its sleeves to foil the election plans. Mohan Baidya-led CPN-Maoist has announced a 10-day nationwide banda (general shutdown) to begin from November 11. Amid the election campaigns of the parties, cases of attacks upon the candidates, arson, vandalism and bomb plantation are reported across the country.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	While asked by The Corporate about the involvement of the CPN-Maoist on those cases, a CPN-Maoist leader denied its hand, but ambiguously said that &lsquo;people have boycotted the polls&rsquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite sporadic cases, the election, till this scribe went to press on Sunday, has remained largely peaceful throughout &nbsp;the country.</div>
<div>
	&nbsp;</div>
<div>
	The guessing games, claims, counter claims, prediction and analysis about the election results even before voting starts indicates the growing election euphoria across the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt strategy towards poll detractors: Arrest on the spot</strong></span></div>
<div>
	The government has said that it will take stern action against those trying to enforce the banda. Home Minister, Madhav Prashad Ghimire, said that the government will not leave anybody who breaks the law. Minister Ghimire said, &ldquo;I have ordered the security force to arrest and prosecute immediately anybody who comes to the street to impose the banda.&rdquo; According to the Home Ministry, 62,000 army personnel, 1 hundred and 10 thousand police, 32 thousand armed police and 45 thousand temporary police have been deployed for the security of the polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the government has also urged the people to contact the local administration in case their free mobility is obstructed, properties damaged, public properties damaged and acts of arson and forceful deeds committed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government has also said that it will provide the compensation up to 90 per cent to the public vehicles if they are damaged or destroyed while plying in the street during the polls. &nbsp;Chief District Officer has been authorised to provide up to Rs 25 thousand reliefs to the affected person during the course of polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EC distributing temporary voter cards</strong></span></div>
<div>
	The Election Commission has said it has completed printing temporary voter identity cards and will distribute them in all the 75 districts by November 17. According to the EC, it will use 15,000 volunteers and government staffers for the distribution of the cards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dhungel, Fakir Candidacy Scrapped</strong></span></div>
<div>
	Election Commission has cancelled the candidacy of two UCPN (Maoist) candidates, Bal Krishna Dhungel and Usha Shah Fakir, stating that those candidates were ineligible to contest the CA polls. The EC has annulled the candidacy of Dhungel based on the complaint lodged by Ram Kumari Jhakri of CPN (UML). Dhungel was sentenced for life imprisonment by the Supreme Court in 2010 on murder charges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, EC has annulled the candidacy of Fakir based on the complaint that she is the commissioner of National Muslim Commission. A person is not eligible to contest the polls if (s)he holds any public post and entertains facilities provided by the state.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Victory not a cakewalk for top guns</strong></span></div>
<div>
	This election is going to be an uphill battle for some of the top leaders of the major political parties. UCPN (Maoist) chairman Pushpa Kamal Dahal is contesting from Kathmandu Constituency 10 and Siraha 5. Dahal, who won the last CA polls from Kathmandu 10 with a huge margin of votes, is facing a hard time this time due to the party split and strong candidates challenging him.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Another leader of the UCPN (Maoist) Baburam Bhattarai is in the race from Rupandehi-4 and and Gorkha-1. In Rupandehi-4, CPN (UML) leader Bishnu Poudel will pose a big challenge to Bhattarai to win the election. Given to the Poudel&rsquo;s stronghold in Butwal, a city under the Rupandehi-4, due to his contribution for the development works, it will be a tough for Dr Bhattarai to win from this constituency.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress president Sushil Koirala is in the fray from Chitwan-4 and Banke-3. Though Banke-3 is his home constituency, from Chitwan it would be tough fight for him as his own partyman Bikash Koirala (former Chitwan district president) has fielded his candidacy. Popular among the Chitwan locals, Bikash will be a big trouble for NC boss Sushil Koirala to ensure the victory. &nbsp;Similarly, NC vice-president Ram Chandra Poudel is also facing his own party&rsquo;s dissident candidate-Purna Bahadur Gurung- in Tanahu-2.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UML chairman Jhalanath Khanal is also facing a big challenge in Ilam-1. As the leaders supporting the ethnicity-based federalism deserted the UML to form their own party, their influence in the ethnic dominated Ilam-1 will be a bed of thorns for Khanal to win the elections like in those of previous polls.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'With the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works.  The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2028',
			'article_category_id' => '140',
			'title' => 'Sapkota Urges Poll-opposing Parties Not To Challenge People’s Right',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At a regular weekly press meet organized at the party headquarters, Paris Danda, Saturday morning, Sapkota said that the nationwide anti-poll activities carried out by the CPN-Maoist were illegal. He also urged the agitating parties not to challenge the people&acute;s right by conducting the anti-poll campaigns.</div>
<div>
	&nbsp;</div>
<div>
	Sapkota said that imposing strikes and thrashing the candidates of the UCPN (Maoist) and other political parties were undemocratic and asked the government to control such activities.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.',
			'sortorder' => '1877',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2029',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup ( 22 - 27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;The Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs. &ldquo;We will first carry out a feasibility study, and than we will call for the collective investment from the NRNs, giving equal priority to all of them,&rdquo; Ghale said. The venue of the proposed hotel is yet to be ascertained. Ghale said many of the international hotel chains have shown interest for establishing international standard hotels in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Company Registrar Office (CRO) has made the registration of new companies through online system mandatory from last week. It said it would no longer entertain files under manual system for registration purpose. The CRO, which started online registration system in February, took a step further recently by fully automating the registration system. It has enabled companies to submit documents required for registration and forward application for dissolution through the internet. Companies can also check their status online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Customs officials of Nepal and China have signed a 14-point agreement with a commitment to stop smuggling of gold through the Tatopani customs point and promotion of businesses that are beneficial to both &nbsp;countries. As Nepali traders have been using TT and draft for importing most the goods from China, the two sides have also agreed to promote the use of Letters of Credit (LC) as the principle mechanism for imports. The decision of promoting LC was taken to reduce revenue leakages. China has also agreed to support exports from Nepal by giving due recognition to Nepal&rsquo;s quarantine system at the border.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;A high-level team from the European Union (EU) is visiting Nepal soon to identify the potential sectors of investment in Nepal. At a meeting with Finance Minister Shankar Prasad Koirala on October 25, Rensje Teerink, ambassador of EU to Nepal, informed about the visit and asked the Nepal government to finalize the proposed EU-funded projects at the earliest. Teerink also said that EU would focus its support on good governance and development in Nepal. On the occasion, Koirala expressed gratitude to the EU for doubling its assistance to Nepal. He also asked Teerink to increase support in the sectors that are highly prioritized by the Nepal government.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Ministry of Culture, Tourism and Civil Aviation has said that it will issue a public notice next week ordering the country&rsquo;s casinos to get their operating licences renewed for this fiscal year. None of the casinos have renewed their permits so far. As per the Casino Regulation 2013 endorsed by the Cabinet on July 11, casinos have less than a month to renew their operating licences. &ldquo;The new regulation has set Nov 21 as the final date to renew their operating licences,&rdquo; said Purna Chandra Bhattarai, Joint Secretary at the Industry Division of the ministry. &ldquo;If they don&rsquo;t abide by the law, we will be forced to shut them down.&rdquo; &nbsp;There are 10 casinos in the country, eight in Kathmandu and two in Pokhara.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Civil Aviation Authority of Nepal (CAAN) has issued type certificate to Chinese-made MA60 aircraft, allowing a China-made plane to fly in Nepali sky for the first time in the nation&rsquo;s civil aviation history. Although the CAAN is yet to confirm the development, senior officials at the Ministry of Culture, Tourism and Civil Aviation said the authority informed the ministry about the issuance of the certificate on Tuesday evening. According to CAAN sources, it will soon call a press meet to inform about the development. As per the Civil Aviation Rules 2002, the Director General of the CAAN upon receiving the application shall provide aircraft type certificate to the applicant after making necessary inquiry. The issuance of the certificate has opened the doors for ailing Nepal Airlines Corporation (NAC) to procure the 58-seater turboprop planes manufactured by Xi&rsquo;an Aircraft International Corporation.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs.',
			'sortorder' => '1876',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2027',
			'article_category_id' => '140',
			'title' => 'CPN UML To Stand Alone: No Electoral Alliance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.</div>
<div>
	&nbsp;</div>
<div>
	Talking to journalists in Bardiya district on October 26, UML leader Bam Dev Gautam ruled out the possibility of forging alliance with the UCPN (Maoist). He, however, did not say anything whether his party will build an alliance with Nepali Congress. &ldquo;No electoral alliance has been forged with Nepali Congress (NC) so far,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He described Maoist chairman Pushpa Kamal Dahal as a man who does not keep his word and likely to change his statement anytime. He termed Dahal&rsquo;s talk about electoral alliance as &ldquo;pretension&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He further blamed CPN-Maoist has been adopting self-destructive strategy and said that its&rsquo; plan to obstruct CA elections will damage the party&rsquo;s own image.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gautam has started door-to-door programme as part of election campaign for the coming second &nbsp;CA election.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.',
			'sortorder' => '1875',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2026',
			'article_category_id' => '140',
			'title' => 'Ultra Left Election Boycott: Confrontations Escalate - People Will Tear New Constitution Into Pieces',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;It is totally a wrong step to strive for drafting the new constitution by sideling a major force of the people&rsquo;s war,&rdquo; said the CPN-Maoist leader speaking at a programme in the Capital on October 26. &ldquo;In fact, the upcoming election is not going to help draft a truly people&rsquo;s constitution, the people will tear it into pieces,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He assertively ruled out the possibility of drafting the new constitution by the second Constituent Assembly (CA) polls. Baidya made such remarks at a time when the major political parties have been intensifying their campaigns for the upcoming CA elections.</div>
<div>
	&nbsp;</div>
<div>
	The CPN-Maoist leader said the CA was being used repeatedly to deceive the people. &ldquo;In 1950 also, the concept of Constituent Assembly was introduced but the constitution was not drafted,&rdquo; said Baidya. &ldquo;It (CA) turned out to be just a slogan to deceive the people.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He went on to say that the pro-parliamentary parties, who never get tired of giving speeches about the principle of power separations, have shown faint-hearted tendency. &ldquo;Now the parliamentary system has been proved to be defeated,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Chairman Baidya remarked that federalism based on ethnic identity would not be acceptable to a communist party. &ldquo;This is senseless, and a communist party should raise the issue of class,&rdquo; he further said.</div>
<div>
	&nbsp;</div>
<div>
	He said that the anti-election campaign launched by his party has been a grand success. The anti-election activities are at a peak and clashes have been reported between the dissident Maoists and the cadres of other political parties.</div>
<div>
	&nbsp;</div>
<div>
	He further said that his party would continue the ongoing election-boycott campaign. &ldquo;Neither we will go underground nor will wage an armed struggle&rdquo;, the former rebel leader stated, charging that some forces are disseminating false information about his party.</div>
<div>
	&nbsp;</div>
<div>
	Baidhya accused the parliamentary forces of inviting confrontation in the country notwithstanding their failure. &ldquo;This has made the people aggressive,&rdquo; he added, saying the country could not be liberated from the current state of affairs till such (parliamentarian) forces existed.</div>',
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			'description' => 'CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1979',
			'article_category_id' => '140',
			'title' => 'Political Parties Campaigning Sans Poll Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos. <span class="Apple-tab-span" style="white-space: pre;"> </span></div>
<div>
	&nbsp;</div>
<div>
	So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like &nbsp;Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the manifesto has already been endorsed by the CPN (UML) Standing Committee meeting on October 15, it has not been made public yet.</div>
<div>
	&nbsp;</div>
<div>
	The manifesto drafting committee (MDC) of the NC has already finalised the draft, the MDC has circulated the draft to the leaders of the party for a final call. According to NC sources, the party will make its manifesto public only after a couple of days.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Directly elected prez, PM from parliament&rdquo;</strong></span></div>
<div>
	The UCPN (Maoist) has proposed a directly elected presidential system and Prime Minister elected from the parliament to run the daily administration as the form of governance and 11-province model for the state restructuring. 11 autonomous provinces have been proposed based on ethnicity, language, identity, economic interrelations, infrastructure development, availability of natural resources and administrative accessibility. The 11 provinces include Seti-Mahakali, Bheri-Karnali, Magarat, Tamuwan, Tamsaling, Newa, Kirant, Limbuwan, Tharuwan, Madhesh and Kochila. Likewise, in its manifesto, the party has claimed to uplift the country&rsquo;s economic status to high level as well as ending poverty within 15 years. Unveiling its manifesto in capital last Saturday, UCPN (Maoist) chairperson Pushpa Kamal Dahal has pledged to implement the manifesto in a &lsquo;true sense&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SP bats two provinces in Madhes</strong></span></div>
<div>
	Amid demands of &lsquo;one Madhes, one province&rsquo; by the Madhes-based parties, SP has proposed two provinces in Madhes. SP has proposed that the whole Madhes be divided into two provinces&mdash; East and West of Narayani. Chairman of the SP, Rajendra Mahato, made the manifesto public organizing a press conference in the capital last Friday and said his party was for 10 states as proposed by State Restructuring Committee of the erstwhile CA. The party also proposed constitutional presidential system elected from both the houses of bicameral legislation and Prime Minister as the executive chief.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-Nepal for reinstatement of monarchy&nbsp;</strong></span></div>
<div>
	RPP-Nepal has reiterated its stand of reinstatement of constitutional monarchy, directly elected prime minister and liberal economic system. The party has also proposed its Chairman Kamal Thapa as its prime ministerial candidate for the elections. In its election manifesto made public on October 15, it has claimed that the roadmap of a republican set-up with federalism has become a complete failure. The party has proposed mixed election system.</div>
<div>
	&nbsp;</div>
<div>
	The RPP-N manifesto has proposed directly elected prime minister as executive head and calls for not making the same person the prime minister twice. The party has expressed its commitment that it will never organise general strikes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU poll observers at field</strong></span></div>
<div>
	Meanwhile, 34-member European Union Election Observation Mission (EU EOM) led by Chief Observer Eva Joly, a member of the European Parliament, have been deployed across the country as long term observers.</div>
<div>
	&nbsp;</div>
<div>
	The observers arrived in the country on October 13 to observe the Constituent Assembly election scheduled for November 19.The EU office here briefed the observers about the process and methods of election observations for three days before assigning them on duty.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Chief Observer Joly, shortly before the election, a group of 40 short-term observers together with a delegation of members of the European Parliament and locally-recruited short term observers from EU member state embassies will be joining the mission in order to observe voting, counting and tabulation of results.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The EU election observers are bound by a strict code of conduct that ensures their neutrality and impartibility. They do not interfere in the electoral process and have no authority to change or correct any shortcomings or to request changes during the election process.</div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-29',
			'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' => 'With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos.  

So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like  Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1933',
			'article_category_id' => '140',
			'title' => 'Weekly Round-UP (30 September - 6 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<ul>
	<li>
		In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system. Businessmen can now register their company at the service centre established at the district by district chambers of commerce and industry. The service centre will provide the service of company registration and renewal. Representatives of the private sector have hailed the agreement saying that this public-private partnership could ease their process for company registration.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The government has paved the way for Nepal Telecom (NT), a public entity, to bring in a strategic partner. The meeting of the Council of Ministers has cleared the decks for the government to sell a part of its stock in NT to the prospective strategic partner. Though the government has not decided the number of shares to be sold to the prospective partner, a technical committee formed last year had recommended the government to sell 30 per cent of its shares to such partner. Now, with the government&rsquo;s nod, NT will hire a consultant firm to prepare bid documents for finding a new strategic partner. Officials at the Ministry of Finance say that a recommendation made by the technical committee will be considered while developing standards for the prospective strategic partner. Amid stiff competition posed with the entry of private telecommunication service providers in the market, the new strategic partner for the state entity is expected to provide some external stimulus to drive the company forward.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Data has shown that the contribution of the financial sector to the Gross Domestic Product (GDP) of the country has remained constant for the last seven years. Though there has been a rise in the numbers of banks, banking access, deposit and loan amounts, the total contribution to the GDP each year since Fiscal Year 2006-07 to FY 2012-13 has remained around four per cent only. Stakeholders attribute the lack of investment friendly climate, political instability and investment areas, among others, behind such lackluster performance of the financial sector towards contributing to the GDP. This situation, economic analysts say, is very unfortunate for Nepal despite the possibility of it being an international financial hub.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The Inland Revenue Department (IRD) has intensified the monitoring of the issuance of VAT bills against the backdrop of the Dashain festival. Though the IRD campaign to inspect the market in a bid to encourage customers and business firms to ask and issue VAT bills while buying goods and services is positive, the monitoring of the market on the eve of the festive seasons alone cannot ensure the full-practice of issuing a VAT bill. IRD had inspected 15,000 business enterprises last year during the Dashain festival, while it plans to monitor 20,000 business firms this year. This number is small among the total number of business firms in Nepal. Thus, analysts call for the widening of inspection in order to help plug revenue leakage.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		As the Constituent Assembly election date scheduled for November 19 approaches nearer, the donation drive of political parties is causing terror in the business community. Political parties and their election candidates are searching for businessmen to manage the funds they need to contest for the polls. The problem has become so serious that many businessmen have now stopped answering phone calls from unknown numbers while other are changing their numbers frequently to avoid demands for donation. Businessmen have become a primary source for exorbitant donations mostly during the election.&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Despite Nepal&rsquo;s better economic prospects, India&rsquo;s economic slowdown could hinder Nepal&rsquo;s economic performance, according to a prediction by the International Monetary Fund (IMF). The effect of the India&rsquo;s slowdown will also have an adverse impact in the financial sector as well as the overall economy. The IMF has recommended concerned authorities to tighten the monetary condition to reduce the gap between the interest rates in the two countries.</li>
</ul>',
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		'Article' => array(
			'id' => '2234',
			'article_category_id' => '140',
			'title' => 'Three-day National Mourning On Mandela’s Demise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader. The cabinet meeting held last Saturday decided to fly the national flag at half-mast at government and diplomatic missions abroad and not to hold any official ceremonies for three days starting from Sunday. The government has also expressed condolence to the family of Mandela and to the people of South Africa.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the cabinet meeting has also decided to send a delegation led by Foreign Minister Madhav Prasad Ghimire to attend Mandela&rsquo;s condolence assembly to be held in South Africa on December 10.</div>
<div>
	&nbsp;</div>
<div>
	Mandela, who led South Africa&rsquo;s transition from white-minority rule in the 1990s, died last Thursday at the age of 95. He was receiving intensive medical care at home for a lung infection after spending three months in hospital.</div>
<div>
	&nbsp;</div>
<div>
	President Dr Ram Baran Yadav has also expressed profound sadness over the demise of the father of South Africa. Nepali Congress President Sushil Koirala has said that he was stunned by the news of the demise of Mandela. He also wished for eternal peace to the departed soul while expressing condolences to the bereaved family and people and government of South Africa at this hour of grief in the demise of Mandela.</div>',
			'published' => true,
			'created' => '2013-12-09',
			'modified' => '2013-12-09',
			'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 has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader.',
			'sortorder' => '2076',
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			'title' => 'Parties Mull Selection Of PR Candidates',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Following the Election Commission&rsquo;s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC), which has grabbed the highest number of seats under the PR system, held the meeting of its Parliamentary Board last Friday to select the names. NC, which has bagged 105 seats under direct system, secured 91 seats under the PR system. The 15-member board is still to pick the names of candidates following the selection criteria, a member of the Board&nbsp;</div>
<div>
	told TC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, CPN (UML), which won 91 seats under direct system, is also holding its central committee meeting on December 9 to select 84 candidates that is entitled for the CA members under the PR system. Earlier, on last Friday, Standing Committee meeting of the CPN (UML) proposed to nominate half of the total candidates from the central committee and central departments and local committees, weighing their contribution to the party.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Rastriya Prajatantra Party-Nepal (RPP Nepal) has also said that it is preparing to submit the names of the PR candidates to the EC within a week. RPP-Nepal, which failed to win a single seat under direct electoral system, however, emerged as fourth largest party managing to secure 24 seats under PR system.</div>
<div>
	&nbsp;</div>
<div>
	However, UCPN (Maoist), the third largest party, has said that it would not nominate its representatives unless its demand of forming a probe commission to investigate into the alleged vote rigging is not met. UCPN (Maoist) has won 26 seats under direct system, while it bagged 54 seats under PR system. The winners of the UCPN (Maoist) under the direct system have not accepted the certificate from the EC yet. &nbsp;Nine other fringe parties that have won few seats, are also joining the UCPN (Maoist) in the chorus of vote rigging. They also have said that they would not recommend the names until probe commission is formed.</div>
<div>
	&nbsp;</div>
<div>
	Earlier last week, the EC had made public the total number of the seats secured by the 30 political parties under the PR system. It has asked 30 parties to recommend the names of the PR candidates to join the CA by December 10. Political parties have to pick the names from the PR list that they have submitted to the EC before the CA polls as per the electoral laws. The laws required the parties to maintain certain per cent of the proportional representation from women, Janajatis, Dalits, Madhesis, people representing the backward communities and Khas Aarya group.</div>',
			'published' => true,
			'created' => '2013-12-09',
			'modified' => '2013-12-09',
			'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' => 'Following the Election Commission’s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.',
			'sortorder' => '2075',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2196',
			'article_category_id' => '140',
			'title' => 'Nepal Political News In Brief ( 2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Chinese Envoy Congratulates Koirala</strong></span></div>
<div>
	Chinese Ambassador to Nepal, Wu Chuntai, called on President of Nepali Congress, Sushil Koirala last Thursday. During the meeting held at Koirala&rsquo;s residence Maharajgunj, Ambassador Wu congratulated Koirala for his and his party Nepali Congress&rsquo; victory as the largest party in the Constituent Assembly (CA) election. NC President Koirala told Ambassador Wu that they were holding talks between the political parties regarding the formation of a consensus government and on current political developments.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Madhav Nepal Warns Congress</strong></span></div>
<div>
	Senior leader of CPN-UML Madhav Kumar Nepal has warned that Nepali Congress (NC) has to pay a price if his party CPN (UML) was minimized on power sharing. At a programme at Parsa last Wednesday, he said as people voted for NC and UML to go together, there is no alternative for them other than to move together. He pointed out the need to draft a constitution in one year by taking both the Maoist parties and the Madhes- based parties together. Stating that the Madhesi parties had no significance in Madhes, he urged UCPN-Maoist not to be humiliated upon being defeated in election. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nembang for Institutionalising Past Agreements</strong></span></div>
<div>
	Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA. &nbsp;At a press meet organized by the Press Chautari Nepal at Damak in Jhapa district last Thursday, Nembang, also the leader of CPN-UML, said consensus can be forged by making some alterations in the contentious issues of the last CA. &nbsp;As the election was successful on the basis of consensus, the new constitution should also be issued on the basis of consensus among parties, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CA polls pave the way out for the nation&rdquo;</strong></span></div>
<div>
	Education Minister Madhav Poudel has said the successful completion of the Constituent Assembly (CA) election has paved the way out for the nation from political crisis. Speaking at a programme in Myagdi last Saturday, Minister Poudel, also spokesperson of the government, said atmosphere for establishing political stability and drafting a new constitution has been created with the completion of the CA election. &ldquo;The incumbent government has successfully completed its task of holding the CA election no matter in which condition and context it was formed,&rdquo; he said, adding the election has given a way out to the nation from the prolonged political crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dahal Back to Home from Delhi</strong></span></div>
<div>
	UCPN (Maoist) Chairman Pushpa Kamal Dahal has returned home last Saturday visiting his ailing daughter in New Delhi, India. Dahal went to the Indian capital on November 28 to meet his ailing eldest daughter Gyanu Dahal KC who is undergoing treatment for cancer. Talking to media persons briefly at Tribhuvan International Airport upon arrival, leader Dahal said his Delhi visit was completely a personal trip and he neither met with any political figure nor held any formal meetings during his stay there. &ldquo;I met my daughter who is undergoing treatment in New Delhi, took information about her health condition and returned,&rdquo; he said.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-03',
			'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' => 'Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA.',
			'sortorder' => '2042',
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		'Article' => array(
			'id' => '2194',
			'article_category_id' => '140',
			'title' => 'PR Election Result Made Public',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">E</span><span style="font-size: 12px;">lection Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.</span></div>
<div>
	&nbsp;</div>
<div>
	As per the result, the Nepali Congress has stood first with 2.4 million votes while the CPN-UML is in the second position with 2.2 million votes. The UCPN-Maoist is the third one with 1.4 million votes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/pol%20(Copy).jpg" style="width: 456px; height: 1200px; margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'Election Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.',
			'sortorder' => '2039',
			'image' => null,
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	(int) 4 => array(
		'Article' => array(
			'id' => '2195',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up ( 25 November - 1 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;">&bull;</span>China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts. &nbsp;Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday. According to MoF, the concessional loan received from the Export-Import Bank of China will be handed to Nepal Airlines Corporation (NAC) to use for aircraft. MoF said out of the total assistance, Rs 2,943 million will be used to acquire one MA60 and one Y12E aircraft on grant and up to Rs 3,728 million will be used to purchase one MA60 and three Y12E aircraft on loan. According to the tourism entrepreneurs, adding new aircraft to the existing fleet of the corporation would be important in catering the growing number of passengers thereby boosting the tourism industry.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>Stock market moved downwards after few weeks of gaining string as wary investors opted to book profits after recent gains. Nepse index fell 12.80 points last week to settle at 643.95. Though market observed a marginal correction last week, investors are upbeat about the market prospects due to the victory of &lsquo;democratic parties&rsquo; in the CA polls. According to stock analysts, the overall market is in the rising trend and big boost can be expected in coming weeks as soon as the government formation process kicks off. The political environment has become a major factor for the rise of the Nepse index.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The banking system has observed excessive liquidity after banking and financial institutions (BFIs) failed to boost the investment. According to the latest data, in last four months (between Sep 6-Nov 8), commercial banks have accumulated the total deposit amount has increased by Rs 42 billion, while the total loan investment has increased only by the half of the amount of the total deposit. The excessive liquidity has led Nepal Rastra Bank (NRB) to issue the Reverse Repo several times during the period of four months. NRB issued a latest round of reverse repo last week to absorb excess liquidity from the market. As many as 21 commercial banks have bid for securities worth Rs 23 billion for the reverse repo held by the NRB worth Rs 10 billion. This is the sixth times that NRB has issued the reverse repo in the current fiscal year. According to NRB, the reverse repos were held in a bid to ensure financial stability and good governance by curbing inflation in the market due to the excess liquidity.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>At a time when Civil Aviation Authority of Nepal (CAAN) was defending allegations against it on aviation safety and clear International Civil Aviation Organisation (ICAO) about the present scenario of the domestic aviation industry, a probe committee formed to investigate the May 16 accident of Nepal Airlines Corporation aircraft in Jomsom has attributed to the pilot&rsquo;s error as the factor behind the crash. &ldquo;The most probable cause of the accident is inappropriate short take-off and landing procedure carried out by the pilot-in-command during the landing phase and an attempt to take off again without sufficient airspeed, lifting force and runway length to roll,&rdquo; read the report released last week. Aviation specialists say that the air accidents or incidents are caused by the prevailing risk factors which could be eliminated if the associated hazards are identified and risks mitigated before they contribute to an accident or incident.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The gold import has gone down to Rs 3.5 billion between mid-July and mid-October compared to Rs 7 billion worth of import a year ago, according to the data of &nbsp;Nepal Rastra Bank (NRB). However, the silver import has surged to Rs 2.6 billion from Rs 847 million over the period. Gold traders attribute to the low demand even during festivals like Teej for the decline in the precious yellow metal.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts.  Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday.',
			'sortorder' => '2038',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2193',
			'article_category_id' => '140',
			'title' => 'Parties Intensify Power Sharing Parleys',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire / Angila Sharma&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	A<span style="font-size: 12px;">s the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government. &nbsp;In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday. &nbsp;UML leader Raghuji Pant, who was also present in the meeting, informed that the leader duo exchanged congratulation for the victory in the polls. &nbsp;Issues of government formation and constitution drafting also transpired during the meeting, he said. It is learnt that Khanal also asked Koirala to take the initiative to form the new government and to try bringing the other parties on board as well.</span></div>
<div>
	&nbsp;</div>
<div>
	Likewise, NC president Koirala has also met with the UCPN (Maoist) chairman Pushpa Kamal Dahal last Monday (November 25) to seek latter&rsquo;s support for the formation of the government and drafting new constitution on the basis of consensus. &ldquo;No party can make any difference alone. So we should work together for government formation and constitution-drafting,&rdquo; Koirala told Dahal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, UCPN (Maoist) has demanded the provision for the mandatory consensus be reinstated in the interim constitution for forming the government. The meeting of the UCPN (Maoist) held on November 25 has concluded that the consensual provision was imperative to draft the new constitution and form the government. &ldquo;The Interim Constitution should be amended and a system of consensus established for constitution drafting and for other things as well,&rdquo; read the press statement of the UCPN (Maoist). NC and CPN (UML) have, however, rejected such demand. The Central Working Committee meeting of the NC held last Wednesday inferred that it would not accept any proposal that demands making consensus politics mandatory through constitutional amendment. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Though we are for consensus government, the demand to amend the constitution to include the provision of mandatory consensus is not acceptable to us,&rdquo; a CWC leader of the NC said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Disputes over Prez tenure</strong></span></div>
<div>
	With the new result of the CA polls, parties are also divided over the tenure of the incumbent President Dr Rambaran Yadav and Vice-president Paramananda Yadav. While NC is maintaining that the President Dr Yadav should remain in the office until new constitution is drafted, UML leaders are demanding new power sharing agreement in the changed scenario. UCPN (Maoist) has thrown its weight behind the reelection of the new President and the Vice-president in the post-poll scenario. Likewise, Rastriya Prajatantra Party-Nepal (RPP-N) Chairman Kamal Thapa has called for the election for new president and vice-president as per the fresh mandate of the CA polls.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'As the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government.  In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday.',
			'sortorder' => '2036',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2151',
			'article_category_id' => '140',
			'title' => 'NC-UML Sweep CA Polls; UCPN (Maoist) Cries Foul',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes. As The Corporate went to the press, Nepali Congress has taken the lead towards the first-past-the-post electoral system securing 105 seats, followed by CPN (UML) with 91 seats. The largest party of the erstwhile CA, UCPN (Maoist), however, has trailed far behind with only 25 seats in its kitty. Likewise, Terai Madhes Loktantrik Party and Madhesi Janadhikar Forum Democratic have each secured four seats.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among others, Rastriya Prajatantra Party has won 3 seats, Madhesi Janadhikar Forum Nepal 2, Sadbhawana Party 1, Nepal Workers Peasants Party 1 and Terai Madhes Sadbhawana Party has won 1 seat. Similarly, two independent candidates also managed to secure a berth in the upcoming CA. As the poll results trickled down, UCPN (Maoist) has claimed &lsquo;irregularities&rsquo;, &lsquo;conspiracy&rsquo; and &lsquo;poll rigging&rsquo; to be behind its defeat. Holding a press conference last Thursday, UCPN (Maoist) chairman Pushpa Kamal Dahal has demanded the review of the entire election process. He has also warned to boycott the Constituent Assembly if his party&rsquo;s demand is not met. However, Election Commission, government officials and other parties have ruled out the review of the election process. Carter Center along with other poll observing groups has said that the polls were held in a free and fair manner. As The Corporate went to press on Sunday, the counting of the vote under proportional representation system is going on. Out of 16,72,519 votes counted in various constituencies across the country, CPN (UML) has led the counting with 4,68,426 votes. Likewise, Nepali Congress is following the CPN (UML) with 4, 39,438 votes. UCPN (Maoist), which suffered a big blow towards FPTP system, is in the fourth position with 2,81,338 votes. Rastriya Prajatantra Party-Nepal, a pro-monarchist party, has emerged as a fourth party with 1,35,054 votes.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'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' => 'Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes',
			'sortorder' => '1998',
			'image' => null,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2100',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;As the election is round the corner, the poll-opposing CPN-Maoist &ndash;led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist. The international community has said that such programme will violate the political rights of the people and is against the law of Nepal. It has also urged the CPN-Maoist-led alliance to withdraw the banda programme immediately. Likewise, Federation of Nepal Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) have also urged the CPN-Maoist to withdraw the banda. FNCCI president Suraj Baidya has even warned to defy the banda if CPN-Maoist does not withdraw it immediately.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Though the peak tourism season is approaching, entrepreneurs have predicted that the number of tourist arrival may go down this year as the political uncertainty looms ahead due to the CA polls. As the country is likely to observe disturbances, violence and protests before and after the polls, the US has issued a travel alert to its citizens while travelling to Nepal. The US is the fourth largest tourist market source to Nepal. The hotel entrepreneurs have also said that the tourists have started cancelling their reservations at the hotels. Tourism entrepreneurs have lamented that the political uncertainty in Nepal has painted a negative picture of the country in the international front resulting adverse impact to their business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Malaysia has hiked its visa fee by six folds. Malaysia, which is one of the most sought destinations for the Nepali workers, has increased its visa fee to Rs 4,200 from Rs 700. The hike of the visa fee will add on the burden to the aspiring Nepali workers for the Malaysia. Though the government has set a ceiling of Rs 80,000 for the manpower company to charge the aspiring worker, the manpower agencies have been opposing the ceiling amount complaining that such amount was not practical as that does not include the commission amount to be paid in Malaysia. The manpower companies are charging more than that ceiling amount. With the rise of the visa fees, the ceiling amount set by the government will be more impractical.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Nepal Rastra Bank (NRB) has called proposals from the commercial banks to deposit the amount worth Rs 2.26 billion that the central bank has in different funds. The NRB has asked the interested commercial banks to submit the proposals by Monday. The interested banks can apply with the proposed interest rate. The NRB has also set some criteria for the commercial banks who can apply for such fixed deposit amounts. According to the NRB, only those commercial banks are eligible to apply that are operating for at least two years and have issued shares to the public.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Nepali currency has once again slumped past the Rs 100 mark per dollar last week. Nepal Rastra Bank, the central monetary authority, fixed an exchange rate of Rs 100.32 per US dollar last Saturday. Nepali currency had continued to weaken for last 3 months and had hit the lowest of Rs 109.03 on September 4. The last time the Nepali currency had dropped past Rs 100 mark was on August 20.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on November 1, the eve of the Tihar festival. However, it decreased by Rs 400 on per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'As the election is round the corner, the poll-opposing CPN-Maoist –led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2099',
			'article_category_id' => '140',
			'title' => 'Amid Sporadic Cases Of Violence, Election Euphoria Grips The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	W<span style="font-size: 12px;">ith the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works. &nbsp;The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them. However, the poll opposing CPN-Maoist-led 33-party alliance has also rolled up its sleeves to foil the election plans. Mohan Baidya-led CPN-Maoist has announced a 10-day nationwide banda (general shutdown) to begin from November 11. Amid the election campaigns of the parties, cases of attacks upon the candidates, arson, vandalism and bomb plantation are reported across the country.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	While asked by The Corporate about the involvement of the CPN-Maoist on those cases, a CPN-Maoist leader denied its hand, but ambiguously said that &lsquo;people have boycotted the polls&rsquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite sporadic cases, the election, till this scribe went to press on Sunday, has remained largely peaceful throughout &nbsp;the country.</div>
<div>
	&nbsp;</div>
<div>
	The guessing games, claims, counter claims, prediction and analysis about the election results even before voting starts indicates the growing election euphoria across the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt strategy towards poll detractors: Arrest on the spot</strong></span></div>
<div>
	The government has said that it will take stern action against those trying to enforce the banda. Home Minister, Madhav Prashad Ghimire, said that the government will not leave anybody who breaks the law. Minister Ghimire said, &ldquo;I have ordered the security force to arrest and prosecute immediately anybody who comes to the street to impose the banda.&rdquo; According to the Home Ministry, 62,000 army personnel, 1 hundred and 10 thousand police, 32 thousand armed police and 45 thousand temporary police have been deployed for the security of the polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the government has also urged the people to contact the local administration in case their free mobility is obstructed, properties damaged, public properties damaged and acts of arson and forceful deeds committed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government has also said that it will provide the compensation up to 90 per cent to the public vehicles if they are damaged or destroyed while plying in the street during the polls. &nbsp;Chief District Officer has been authorised to provide up to Rs 25 thousand reliefs to the affected person during the course of polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EC distributing temporary voter cards</strong></span></div>
<div>
	The Election Commission has said it has completed printing temporary voter identity cards and will distribute them in all the 75 districts by November 17. According to the EC, it will use 15,000 volunteers and government staffers for the distribution of the cards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dhungel, Fakir Candidacy Scrapped</strong></span></div>
<div>
	Election Commission has cancelled the candidacy of two UCPN (Maoist) candidates, Bal Krishna Dhungel and Usha Shah Fakir, stating that those candidates were ineligible to contest the CA polls. The EC has annulled the candidacy of Dhungel based on the complaint lodged by Ram Kumari Jhakri of CPN (UML). Dhungel was sentenced for life imprisonment by the Supreme Court in 2010 on murder charges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, EC has annulled the candidacy of Fakir based on the complaint that she is the commissioner of National Muslim Commission. A person is not eligible to contest the polls if (s)he holds any public post and entertains facilities provided by the state.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Victory not a cakewalk for top guns</strong></span></div>
<div>
	This election is going to be an uphill battle for some of the top leaders of the major political parties. UCPN (Maoist) chairman Pushpa Kamal Dahal is contesting from Kathmandu Constituency 10 and Siraha 5. Dahal, who won the last CA polls from Kathmandu 10 with a huge margin of votes, is facing a hard time this time due to the party split and strong candidates challenging him.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Another leader of the UCPN (Maoist) Baburam Bhattarai is in the race from Rupandehi-4 and and Gorkha-1. In Rupandehi-4, CPN (UML) leader Bishnu Poudel will pose a big challenge to Bhattarai to win the election. Given to the Poudel&rsquo;s stronghold in Butwal, a city under the Rupandehi-4, due to his contribution for the development works, it will be a tough for Dr Bhattarai to win from this constituency.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress president Sushil Koirala is in the fray from Chitwan-4 and Banke-3. Though Banke-3 is his home constituency, from Chitwan it would be tough fight for him as his own partyman Bikash Koirala (former Chitwan district president) has fielded his candidacy. Popular among the Chitwan locals, Bikash will be a big trouble for NC boss Sushil Koirala to ensure the victory. &nbsp;Similarly, NC vice-president Ram Chandra Poudel is also facing his own party&rsquo;s dissident candidate-Purna Bahadur Gurung- in Tanahu-2.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UML chairman Jhalanath Khanal is also facing a big challenge in Ilam-1. As the leaders supporting the ethnicity-based federalism deserted the UML to form their own party, their influence in the ethnic dominated Ilam-1 will be a bed of thorns for Khanal to win the elections like in those of previous polls.</div>',
			'published' => true,
			'created' => '2013-11-11',
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			'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' => 'With the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works.  The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2028',
			'article_category_id' => '140',
			'title' => 'Sapkota Urges Poll-opposing Parties Not To Challenge People’s Right',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At a regular weekly press meet organized at the party headquarters, Paris Danda, Saturday morning, Sapkota said that the nationwide anti-poll activities carried out by the CPN-Maoist were illegal. He also urged the agitating parties not to challenge the people&acute;s right by conducting the anti-poll campaigns.</div>
<div>
	&nbsp;</div>
<div>
	Sapkota said that imposing strikes and thrashing the candidates of the UCPN (Maoist) and other political parties were undemocratic and asked the government to control such activities.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.',
			'sortorder' => '1877',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2029',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup ( 22 - 27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;The Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs. &ldquo;We will first carry out a feasibility study, and than we will call for the collective investment from the NRNs, giving equal priority to all of them,&rdquo; Ghale said. The venue of the proposed hotel is yet to be ascertained. Ghale said many of the international hotel chains have shown interest for establishing international standard hotels in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Company Registrar Office (CRO) has made the registration of new companies through online system mandatory from last week. It said it would no longer entertain files under manual system for registration purpose. The CRO, which started online registration system in February, took a step further recently by fully automating the registration system. It has enabled companies to submit documents required for registration and forward application for dissolution through the internet. Companies can also check their status online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Customs officials of Nepal and China have signed a 14-point agreement with a commitment to stop smuggling of gold through the Tatopani customs point and promotion of businesses that are beneficial to both &nbsp;countries. As Nepali traders have been using TT and draft for importing most the goods from China, the two sides have also agreed to promote the use of Letters of Credit (LC) as the principle mechanism for imports. The decision of promoting LC was taken to reduce revenue leakages. China has also agreed to support exports from Nepal by giving due recognition to Nepal&rsquo;s quarantine system at the border.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;A high-level team from the European Union (EU) is visiting Nepal soon to identify the potential sectors of investment in Nepal. At a meeting with Finance Minister Shankar Prasad Koirala on October 25, Rensje Teerink, ambassador of EU to Nepal, informed about the visit and asked the Nepal government to finalize the proposed EU-funded projects at the earliest. Teerink also said that EU would focus its support on good governance and development in Nepal. On the occasion, Koirala expressed gratitude to the EU for doubling its assistance to Nepal. He also asked Teerink to increase support in the sectors that are highly prioritized by the Nepal government.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Ministry of Culture, Tourism and Civil Aviation has said that it will issue a public notice next week ordering the country&rsquo;s casinos to get their operating licences renewed for this fiscal year. None of the casinos have renewed their permits so far. As per the Casino Regulation 2013 endorsed by the Cabinet on July 11, casinos have less than a month to renew their operating licences. &ldquo;The new regulation has set Nov 21 as the final date to renew their operating licences,&rdquo; said Purna Chandra Bhattarai, Joint Secretary at the Industry Division of the ministry. &ldquo;If they don&rsquo;t abide by the law, we will be forced to shut them down.&rdquo; &nbsp;There are 10 casinos in the country, eight in Kathmandu and two in Pokhara.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Civil Aviation Authority of Nepal (CAAN) has issued type certificate to Chinese-made MA60 aircraft, allowing a China-made plane to fly in Nepali sky for the first time in the nation&rsquo;s civil aviation history. Although the CAAN is yet to confirm the development, senior officials at the Ministry of Culture, Tourism and Civil Aviation said the authority informed the ministry about the issuance of the certificate on Tuesday evening. According to CAAN sources, it will soon call a press meet to inform about the development. As per the Civil Aviation Rules 2002, the Director General of the CAAN upon receiving the application shall provide aircraft type certificate to the applicant after making necessary inquiry. The issuance of the certificate has opened the doors for ailing Nepal Airlines Corporation (NAC) to procure the 58-seater turboprop planes manufactured by Xi&rsquo;an Aircraft International Corporation.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs.',
			'sortorder' => '1876',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2027',
			'article_category_id' => '140',
			'title' => 'CPN UML To Stand Alone: No Electoral Alliance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.</div>
<div>
	&nbsp;</div>
<div>
	Talking to journalists in Bardiya district on October 26, UML leader Bam Dev Gautam ruled out the possibility of forging alliance with the UCPN (Maoist). He, however, did not say anything whether his party will build an alliance with Nepali Congress. &ldquo;No electoral alliance has been forged with Nepali Congress (NC) so far,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He described Maoist chairman Pushpa Kamal Dahal as a man who does not keep his word and likely to change his statement anytime. He termed Dahal&rsquo;s talk about electoral alliance as &ldquo;pretension&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He further blamed CPN-Maoist has been adopting self-destructive strategy and said that its&rsquo; plan to obstruct CA elections will damage the party&rsquo;s own image.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gautam has started door-to-door programme as part of election campaign for the coming second &nbsp;CA election.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.',
			'sortorder' => '1875',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2026',
			'article_category_id' => '140',
			'title' => 'Ultra Left Election Boycott: Confrontations Escalate - People Will Tear New Constitution Into Pieces',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;It is totally a wrong step to strive for drafting the new constitution by sideling a major force of the people&rsquo;s war,&rdquo; said the CPN-Maoist leader speaking at a programme in the Capital on October 26. &ldquo;In fact, the upcoming election is not going to help draft a truly people&rsquo;s constitution, the people will tear it into pieces,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He assertively ruled out the possibility of drafting the new constitution by the second Constituent Assembly (CA) polls. Baidya made such remarks at a time when the major political parties have been intensifying their campaigns for the upcoming CA elections.</div>
<div>
	&nbsp;</div>
<div>
	The CPN-Maoist leader said the CA was being used repeatedly to deceive the people. &ldquo;In 1950 also, the concept of Constituent Assembly was introduced but the constitution was not drafted,&rdquo; said Baidya. &ldquo;It (CA) turned out to be just a slogan to deceive the people.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He went on to say that the pro-parliamentary parties, who never get tired of giving speeches about the principle of power separations, have shown faint-hearted tendency. &ldquo;Now the parliamentary system has been proved to be defeated,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Chairman Baidya remarked that federalism based on ethnic identity would not be acceptable to a communist party. &ldquo;This is senseless, and a communist party should raise the issue of class,&rdquo; he further said.</div>
<div>
	&nbsp;</div>
<div>
	He said that the anti-election campaign launched by his party has been a grand success. The anti-election activities are at a peak and clashes have been reported between the dissident Maoists and the cadres of other political parties.</div>
<div>
	&nbsp;</div>
<div>
	He further said that his party would continue the ongoing election-boycott campaign. &ldquo;Neither we will go underground nor will wage an armed struggle&rdquo;, the former rebel leader stated, charging that some forces are disseminating false information about his party.</div>
<div>
	&nbsp;</div>
<div>
	Baidhya accused the parliamentary forces of inviting confrontation in the country notwithstanding their failure. &ldquo;This has made the people aggressive,&rdquo; he added, saying the country could not be liberated from the current state of affairs till such (parliamentarian) forces existed.</div>',
			'published' => true,
			'created' => '2013-10-28',
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			'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' => 'CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.',
			'sortorder' => '1874',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1979',
			'article_category_id' => '140',
			'title' => 'Political Parties Campaigning Sans Poll Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos. <span class="Apple-tab-span" style="white-space: pre;"> </span></div>
<div>
	&nbsp;</div>
<div>
	So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like &nbsp;Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the manifesto has already been endorsed by the CPN (UML) Standing Committee meeting on October 15, it has not been made public yet.</div>
<div>
	&nbsp;</div>
<div>
	The manifesto drafting committee (MDC) of the NC has already finalised the draft, the MDC has circulated the draft to the leaders of the party for a final call. According to NC sources, the party will make its manifesto public only after a couple of days.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Directly elected prez, PM from parliament&rdquo;</strong></span></div>
<div>
	The UCPN (Maoist) has proposed a directly elected presidential system and Prime Minister elected from the parliament to run the daily administration as the form of governance and 11-province model for the state restructuring. 11 autonomous provinces have been proposed based on ethnicity, language, identity, economic interrelations, infrastructure development, availability of natural resources and administrative accessibility. The 11 provinces include Seti-Mahakali, Bheri-Karnali, Magarat, Tamuwan, Tamsaling, Newa, Kirant, Limbuwan, Tharuwan, Madhesh and Kochila. Likewise, in its manifesto, the party has claimed to uplift the country&rsquo;s economic status to high level as well as ending poverty within 15 years. Unveiling its manifesto in capital last Saturday, UCPN (Maoist) chairperson Pushpa Kamal Dahal has pledged to implement the manifesto in a &lsquo;true sense&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SP bats two provinces in Madhes</strong></span></div>
<div>
	Amid demands of &lsquo;one Madhes, one province&rsquo; by the Madhes-based parties, SP has proposed two provinces in Madhes. SP has proposed that the whole Madhes be divided into two provinces&mdash; East and West of Narayani. Chairman of the SP, Rajendra Mahato, made the manifesto public organizing a press conference in the capital last Friday and said his party was for 10 states as proposed by State Restructuring Committee of the erstwhile CA. The party also proposed constitutional presidential system elected from both the houses of bicameral legislation and Prime Minister as the executive chief.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-Nepal for reinstatement of monarchy&nbsp;</strong></span></div>
<div>
	RPP-Nepal has reiterated its stand of reinstatement of constitutional monarchy, directly elected prime minister and liberal economic system. The party has also proposed its Chairman Kamal Thapa as its prime ministerial candidate for the elections. In its election manifesto made public on October 15, it has claimed that the roadmap of a republican set-up with federalism has become a complete failure. The party has proposed mixed election system.</div>
<div>
	&nbsp;</div>
<div>
	The RPP-N manifesto has proposed directly elected prime minister as executive head and calls for not making the same person the prime minister twice. The party has expressed its commitment that it will never organise general strikes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU poll observers at field</strong></span></div>
<div>
	Meanwhile, 34-member European Union Election Observation Mission (EU EOM) led by Chief Observer Eva Joly, a member of the European Parliament, have been deployed across the country as long term observers.</div>
<div>
	&nbsp;</div>
<div>
	The observers arrived in the country on October 13 to observe the Constituent Assembly election scheduled for November 19.The EU office here briefed the observers about the process and methods of election observations for three days before assigning them on duty.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Chief Observer Joly, shortly before the election, a group of 40 short-term observers together with a delegation of members of the European Parliament and locally-recruited short term observers from EU member state embassies will be joining the mission in order to observe voting, counting and tabulation of results.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The EU election observers are bound by a strict code of conduct that ensures their neutrality and impartibility. They do not interfere in the electoral process and have no authority to change or correct any shortcomings or to request changes during the election process.</div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-29',
			'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' => 'With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos.  

So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like  Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1933',
			'article_category_id' => '140',
			'title' => 'Weekly Round-UP (30 September - 6 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<ul>
	<li>
		In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system. Businessmen can now register their company at the service centre established at the district by district chambers of commerce and industry. The service centre will provide the service of company registration and renewal. Representatives of the private sector have hailed the agreement saying that this public-private partnership could ease their process for company registration.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The government has paved the way for Nepal Telecom (NT), a public entity, to bring in a strategic partner. The meeting of the Council of Ministers has cleared the decks for the government to sell a part of its stock in NT to the prospective strategic partner. Though the government has not decided the number of shares to be sold to the prospective partner, a technical committee formed last year had recommended the government to sell 30 per cent of its shares to such partner. Now, with the government&rsquo;s nod, NT will hire a consultant firm to prepare bid documents for finding a new strategic partner. Officials at the Ministry of Finance say that a recommendation made by the technical committee will be considered while developing standards for the prospective strategic partner. Amid stiff competition posed with the entry of private telecommunication service providers in the market, the new strategic partner for the state entity is expected to provide some external stimulus to drive the company forward.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Data has shown that the contribution of the financial sector to the Gross Domestic Product (GDP) of the country has remained constant for the last seven years. Though there has been a rise in the numbers of banks, banking access, deposit and loan amounts, the total contribution to the GDP each year since Fiscal Year 2006-07 to FY 2012-13 has remained around four per cent only. Stakeholders attribute the lack of investment friendly climate, political instability and investment areas, among others, behind such lackluster performance of the financial sector towards contributing to the GDP. This situation, economic analysts say, is very unfortunate for Nepal despite the possibility of it being an international financial hub.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The Inland Revenue Department (IRD) has intensified the monitoring of the issuance of VAT bills against the backdrop of the Dashain festival. Though the IRD campaign to inspect the market in a bid to encourage customers and business firms to ask and issue VAT bills while buying goods and services is positive, the monitoring of the market on the eve of the festive seasons alone cannot ensure the full-practice of issuing a VAT bill. IRD had inspected 15,000 business enterprises last year during the Dashain festival, while it plans to monitor 20,000 business firms this year. This number is small among the total number of business firms in Nepal. Thus, analysts call for the widening of inspection in order to help plug revenue leakage.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		As the Constituent Assembly election date scheduled for November 19 approaches nearer, the donation drive of political parties is causing terror in the business community. Political parties and their election candidates are searching for businessmen to manage the funds they need to contest for the polls. The problem has become so serious that many businessmen have now stopped answering phone calls from unknown numbers while other are changing their numbers frequently to avoid demands for donation. Businessmen have become a primary source for exorbitant donations mostly during the election.&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Despite Nepal&rsquo;s better economic prospects, India&rsquo;s economic slowdown could hinder Nepal&rsquo;s economic performance, according to a prediction by the International Monetary Fund (IMF). The effect of the India&rsquo;s slowdown will also have an adverse impact in the financial sector as well as the overall economy. The IMF has recommended concerned authorities to tighten the monetary condition to reduce the gap between the interest rates in the two countries.</li>
</ul>',
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			'description' => 'In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system.',
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		'Article' => array(
			'id' => '2234',
			'article_category_id' => '140',
			'title' => 'Three-day National Mourning On Mandela’s Demise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader. The cabinet meeting held last Saturday decided to fly the national flag at half-mast at government and diplomatic missions abroad and not to hold any official ceremonies for three days starting from Sunday. The government has also expressed condolence to the family of Mandela and to the people of South Africa.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the cabinet meeting has also decided to send a delegation led by Foreign Minister Madhav Prasad Ghimire to attend Mandela&rsquo;s condolence assembly to be held in South Africa on December 10.</div>
<div>
	&nbsp;</div>
<div>
	Mandela, who led South Africa&rsquo;s transition from white-minority rule in the 1990s, died last Thursday at the age of 95. He was receiving intensive medical care at home for a lung infection after spending three months in hospital.</div>
<div>
	&nbsp;</div>
<div>
	President Dr Ram Baran Yadav has also expressed profound sadness over the demise of the father of South Africa. Nepali Congress President Sushil Koirala has said that he was stunned by the news of the demise of Mandela. He also wished for eternal peace to the departed soul while expressing condolences to the bereaved family and people and government of South Africa at this hour of grief in the demise of Mandela.</div>',
			'published' => true,
			'created' => '2013-12-09',
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			'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 has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader.',
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			'id' => '2233',
			'article_category_id' => '140',
			'title' => 'Parties Mull Selection Of PR Candidates',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Following the Election Commission&rsquo;s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC), which has grabbed the highest number of seats under the PR system, held the meeting of its Parliamentary Board last Friday to select the names. NC, which has bagged 105 seats under direct system, secured 91 seats under the PR system. The 15-member board is still to pick the names of candidates following the selection criteria, a member of the Board&nbsp;</div>
<div>
	told TC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, CPN (UML), which won 91 seats under direct system, is also holding its central committee meeting on December 9 to select 84 candidates that is entitled for the CA members under the PR system. Earlier, on last Friday, Standing Committee meeting of the CPN (UML) proposed to nominate half of the total candidates from the central committee and central departments and local committees, weighing their contribution to the party.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Rastriya Prajatantra Party-Nepal (RPP Nepal) has also said that it is preparing to submit the names of the PR candidates to the EC within a week. RPP-Nepal, which failed to win a single seat under direct electoral system, however, emerged as fourth largest party managing to secure 24 seats under PR system.</div>
<div>
	&nbsp;</div>
<div>
	However, UCPN (Maoist), the third largest party, has said that it would not nominate its representatives unless its demand of forming a probe commission to investigate into the alleged vote rigging is not met. UCPN (Maoist) has won 26 seats under direct system, while it bagged 54 seats under PR system. The winners of the UCPN (Maoist) under the direct system have not accepted the certificate from the EC yet. &nbsp;Nine other fringe parties that have won few seats, are also joining the UCPN (Maoist) in the chorus of vote rigging. They also have said that they would not recommend the names until probe commission is formed.</div>
<div>
	&nbsp;</div>
<div>
	Earlier last week, the EC had made public the total number of the seats secured by the 30 political parties under the PR system. It has asked 30 parties to recommend the names of the PR candidates to join the CA by December 10. Political parties have to pick the names from the PR list that they have submitted to the EC before the CA polls as per the electoral laws. The laws required the parties to maintain certain per cent of the proportional representation from women, Janajatis, Dalits, Madhesis, people representing the backward communities and Khas Aarya group.</div>',
			'published' => true,
			'created' => '2013-12-09',
			'modified' => '2013-12-09',
			'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' => 'Following the Election Commission’s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.',
			'sortorder' => '2075',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2196',
			'article_category_id' => '140',
			'title' => 'Nepal Political News In Brief ( 2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Chinese Envoy Congratulates Koirala</strong></span></div>
<div>
	Chinese Ambassador to Nepal, Wu Chuntai, called on President of Nepali Congress, Sushil Koirala last Thursday. During the meeting held at Koirala&rsquo;s residence Maharajgunj, Ambassador Wu congratulated Koirala for his and his party Nepali Congress&rsquo; victory as the largest party in the Constituent Assembly (CA) election. NC President Koirala told Ambassador Wu that they were holding talks between the political parties regarding the formation of a consensus government and on current political developments.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Madhav Nepal Warns Congress</strong></span></div>
<div>
	Senior leader of CPN-UML Madhav Kumar Nepal has warned that Nepali Congress (NC) has to pay a price if his party CPN (UML) was minimized on power sharing. At a programme at Parsa last Wednesday, he said as people voted for NC and UML to go together, there is no alternative for them other than to move together. He pointed out the need to draft a constitution in one year by taking both the Maoist parties and the Madhes- based parties together. Stating that the Madhesi parties had no significance in Madhes, he urged UCPN-Maoist not to be humiliated upon being defeated in election. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nembang for Institutionalising Past Agreements</strong></span></div>
<div>
	Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA. &nbsp;At a press meet organized by the Press Chautari Nepal at Damak in Jhapa district last Thursday, Nembang, also the leader of CPN-UML, said consensus can be forged by making some alterations in the contentious issues of the last CA. &nbsp;As the election was successful on the basis of consensus, the new constitution should also be issued on the basis of consensus among parties, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CA polls pave the way out for the nation&rdquo;</strong></span></div>
<div>
	Education Minister Madhav Poudel has said the successful completion of the Constituent Assembly (CA) election has paved the way out for the nation from political crisis. Speaking at a programme in Myagdi last Saturday, Minister Poudel, also spokesperson of the government, said atmosphere for establishing political stability and drafting a new constitution has been created with the completion of the CA election. &ldquo;The incumbent government has successfully completed its task of holding the CA election no matter in which condition and context it was formed,&rdquo; he said, adding the election has given a way out to the nation from the prolonged political crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dahal Back to Home from Delhi</strong></span></div>
<div>
	UCPN (Maoist) Chairman Pushpa Kamal Dahal has returned home last Saturday visiting his ailing daughter in New Delhi, India. Dahal went to the Indian capital on November 28 to meet his ailing eldest daughter Gyanu Dahal KC who is undergoing treatment for cancer. Talking to media persons briefly at Tribhuvan International Airport upon arrival, leader Dahal said his Delhi visit was completely a personal trip and he neither met with any political figure nor held any formal meetings during his stay there. &ldquo;I met my daughter who is undergoing treatment in New Delhi, took information about her health condition and returned,&rdquo; he said.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-03',
			'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' => 'Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA.',
			'sortorder' => '2042',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2194',
			'article_category_id' => '140',
			'title' => 'PR Election Result Made Public',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">E</span><span style="font-size: 12px;">lection Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.</span></div>
<div>
	&nbsp;</div>
<div>
	As per the result, the Nepali Congress has stood first with 2.4 million votes while the CPN-UML is in the second position with 2.2 million votes. The UCPN-Maoist is the third one with 1.4 million votes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/pol%20(Copy).jpg" style="width: 456px; height: 1200px; margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'Election Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.',
			'sortorder' => '2039',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2195',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up ( 25 November - 1 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;">&bull;</span>China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts. &nbsp;Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday. According to MoF, the concessional loan received from the Export-Import Bank of China will be handed to Nepal Airlines Corporation (NAC) to use for aircraft. MoF said out of the total assistance, Rs 2,943 million will be used to acquire one MA60 and one Y12E aircraft on grant and up to Rs 3,728 million will be used to purchase one MA60 and three Y12E aircraft on loan. According to the tourism entrepreneurs, adding new aircraft to the existing fleet of the corporation would be important in catering the growing number of passengers thereby boosting the tourism industry.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>Stock market moved downwards after few weeks of gaining string as wary investors opted to book profits after recent gains. Nepse index fell 12.80 points last week to settle at 643.95. Though market observed a marginal correction last week, investors are upbeat about the market prospects due to the victory of &lsquo;democratic parties&rsquo; in the CA polls. According to stock analysts, the overall market is in the rising trend and big boost can be expected in coming weeks as soon as the government formation process kicks off. The political environment has become a major factor for the rise of the Nepse index.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The banking system has observed excessive liquidity after banking and financial institutions (BFIs) failed to boost the investment. According to the latest data, in last four months (between Sep 6-Nov 8), commercial banks have accumulated the total deposit amount has increased by Rs 42 billion, while the total loan investment has increased only by the half of the amount of the total deposit. The excessive liquidity has led Nepal Rastra Bank (NRB) to issue the Reverse Repo several times during the period of four months. NRB issued a latest round of reverse repo last week to absorb excess liquidity from the market. As many as 21 commercial banks have bid for securities worth Rs 23 billion for the reverse repo held by the NRB worth Rs 10 billion. This is the sixth times that NRB has issued the reverse repo in the current fiscal year. According to NRB, the reverse repos were held in a bid to ensure financial stability and good governance by curbing inflation in the market due to the excess liquidity.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>At a time when Civil Aviation Authority of Nepal (CAAN) was defending allegations against it on aviation safety and clear International Civil Aviation Organisation (ICAO) about the present scenario of the domestic aviation industry, a probe committee formed to investigate the May 16 accident of Nepal Airlines Corporation aircraft in Jomsom has attributed to the pilot&rsquo;s error as the factor behind the crash. &ldquo;The most probable cause of the accident is inappropriate short take-off and landing procedure carried out by the pilot-in-command during the landing phase and an attempt to take off again without sufficient airspeed, lifting force and runway length to roll,&rdquo; read the report released last week. Aviation specialists say that the air accidents or incidents are caused by the prevailing risk factors which could be eliminated if the associated hazards are identified and risks mitigated before they contribute to an accident or incident.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The gold import has gone down to Rs 3.5 billion between mid-July and mid-October compared to Rs 7 billion worth of import a year ago, according to the data of &nbsp;Nepal Rastra Bank (NRB). However, the silver import has surged to Rs 2.6 billion from Rs 847 million over the period. Gold traders attribute to the low demand even during festivals like Teej for the decline in the precious yellow metal.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts.  Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday.',
			'sortorder' => '2038',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2193',
			'article_category_id' => '140',
			'title' => 'Parties Intensify Power Sharing Parleys',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire / Angila Sharma&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	A<span style="font-size: 12px;">s the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government. &nbsp;In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday. &nbsp;UML leader Raghuji Pant, who was also present in the meeting, informed that the leader duo exchanged congratulation for the victory in the polls. &nbsp;Issues of government formation and constitution drafting also transpired during the meeting, he said. It is learnt that Khanal also asked Koirala to take the initiative to form the new government and to try bringing the other parties on board as well.</span></div>
<div>
	&nbsp;</div>
<div>
	Likewise, NC president Koirala has also met with the UCPN (Maoist) chairman Pushpa Kamal Dahal last Monday (November 25) to seek latter&rsquo;s support for the formation of the government and drafting new constitution on the basis of consensus. &ldquo;No party can make any difference alone. So we should work together for government formation and constitution-drafting,&rdquo; Koirala told Dahal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, UCPN (Maoist) has demanded the provision for the mandatory consensus be reinstated in the interim constitution for forming the government. The meeting of the UCPN (Maoist) held on November 25 has concluded that the consensual provision was imperative to draft the new constitution and form the government. &ldquo;The Interim Constitution should be amended and a system of consensus established for constitution drafting and for other things as well,&rdquo; read the press statement of the UCPN (Maoist). NC and CPN (UML) have, however, rejected such demand. The Central Working Committee meeting of the NC held last Wednesday inferred that it would not accept any proposal that demands making consensus politics mandatory through constitutional amendment. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Though we are for consensus government, the demand to amend the constitution to include the provision of mandatory consensus is not acceptable to us,&rdquo; a CWC leader of the NC said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Disputes over Prez tenure</strong></span></div>
<div>
	With the new result of the CA polls, parties are also divided over the tenure of the incumbent President Dr Rambaran Yadav and Vice-president Paramananda Yadav. While NC is maintaining that the President Dr Yadav should remain in the office until new constitution is drafted, UML leaders are demanding new power sharing agreement in the changed scenario. UCPN (Maoist) has thrown its weight behind the reelection of the new President and the Vice-president in the post-poll scenario. Likewise, Rastriya Prajatantra Party-Nepal (RPP-N) Chairman Kamal Thapa has called for the election for new president and vice-president as per the fresh mandate of the CA polls.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'As the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government.  In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday.',
			'sortorder' => '2036',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2151',
			'article_category_id' => '140',
			'title' => 'NC-UML Sweep CA Polls; UCPN (Maoist) Cries Foul',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes. As The Corporate went to the press, Nepali Congress has taken the lead towards the first-past-the-post electoral system securing 105 seats, followed by CPN (UML) with 91 seats. The largest party of the erstwhile CA, UCPN (Maoist), however, has trailed far behind with only 25 seats in its kitty. Likewise, Terai Madhes Loktantrik Party and Madhesi Janadhikar Forum Democratic have each secured four seats.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among others, Rastriya Prajatantra Party has won 3 seats, Madhesi Janadhikar Forum Nepal 2, Sadbhawana Party 1, Nepal Workers Peasants Party 1 and Terai Madhes Sadbhawana Party has won 1 seat. Similarly, two independent candidates also managed to secure a berth in the upcoming CA. As the poll results trickled down, UCPN (Maoist) has claimed &lsquo;irregularities&rsquo;, &lsquo;conspiracy&rsquo; and &lsquo;poll rigging&rsquo; to be behind its defeat. Holding a press conference last Thursday, UCPN (Maoist) chairman Pushpa Kamal Dahal has demanded the review of the entire election process. He has also warned to boycott the Constituent Assembly if his party&rsquo;s demand is not met. However, Election Commission, government officials and other parties have ruled out the review of the election process. Carter Center along with other poll observing groups has said that the polls were held in a free and fair manner. As The Corporate went to press on Sunday, the counting of the vote under proportional representation system is going on. Out of 16,72,519 votes counted in various constituencies across the country, CPN (UML) has led the counting with 4,68,426 votes. Likewise, Nepali Congress is following the CPN (UML) with 4, 39,438 votes. UCPN (Maoist), which suffered a big blow towards FPTP system, is in the fourth position with 2,81,338 votes. Rastriya Prajatantra Party-Nepal, a pro-monarchist party, has emerged as a fourth party with 1,35,054 votes.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'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' => 'Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes',
			'sortorder' => '1998',
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	(int) 7 => array(
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			'id' => '2100',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;As the election is round the corner, the poll-opposing CPN-Maoist &ndash;led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist. The international community has said that such programme will violate the political rights of the people and is against the law of Nepal. It has also urged the CPN-Maoist-led alliance to withdraw the banda programme immediately. Likewise, Federation of Nepal Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) have also urged the CPN-Maoist to withdraw the banda. FNCCI president Suraj Baidya has even warned to defy the banda if CPN-Maoist does not withdraw it immediately.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Though the peak tourism season is approaching, entrepreneurs have predicted that the number of tourist arrival may go down this year as the political uncertainty looms ahead due to the CA polls. As the country is likely to observe disturbances, violence and protests before and after the polls, the US has issued a travel alert to its citizens while travelling to Nepal. The US is the fourth largest tourist market source to Nepal. The hotel entrepreneurs have also said that the tourists have started cancelling their reservations at the hotels. Tourism entrepreneurs have lamented that the political uncertainty in Nepal has painted a negative picture of the country in the international front resulting adverse impact to their business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Malaysia has hiked its visa fee by six folds. Malaysia, which is one of the most sought destinations for the Nepali workers, has increased its visa fee to Rs 4,200 from Rs 700. The hike of the visa fee will add on the burden to the aspiring Nepali workers for the Malaysia. Though the government has set a ceiling of Rs 80,000 for the manpower company to charge the aspiring worker, the manpower agencies have been opposing the ceiling amount complaining that such amount was not practical as that does not include the commission amount to be paid in Malaysia. The manpower companies are charging more than that ceiling amount. With the rise of the visa fees, the ceiling amount set by the government will be more impractical.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Nepal Rastra Bank (NRB) has called proposals from the commercial banks to deposit the amount worth Rs 2.26 billion that the central bank has in different funds. The NRB has asked the interested commercial banks to submit the proposals by Monday. The interested banks can apply with the proposed interest rate. The NRB has also set some criteria for the commercial banks who can apply for such fixed deposit amounts. According to the NRB, only those commercial banks are eligible to apply that are operating for at least two years and have issued shares to the public.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Nepali currency has once again slumped past the Rs 100 mark per dollar last week. Nepal Rastra Bank, the central monetary authority, fixed an exchange rate of Rs 100.32 per US dollar last Saturday. Nepali currency had continued to weaken for last 3 months and had hit the lowest of Rs 109.03 on September 4. The last time the Nepali currency had dropped past Rs 100 mark was on August 20.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on November 1, the eve of the Tihar festival. However, it decreased by Rs 400 on per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'As the election is round the corner, the poll-opposing CPN-Maoist –led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2099',
			'article_category_id' => '140',
			'title' => 'Amid Sporadic Cases Of Violence, Election Euphoria Grips The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	W<span style="font-size: 12px;">ith the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works. &nbsp;The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them. However, the poll opposing CPN-Maoist-led 33-party alliance has also rolled up its sleeves to foil the election plans. Mohan Baidya-led CPN-Maoist has announced a 10-day nationwide banda (general shutdown) to begin from November 11. Amid the election campaigns of the parties, cases of attacks upon the candidates, arson, vandalism and bomb plantation are reported across the country.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	While asked by The Corporate about the involvement of the CPN-Maoist on those cases, a CPN-Maoist leader denied its hand, but ambiguously said that &lsquo;people have boycotted the polls&rsquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite sporadic cases, the election, till this scribe went to press on Sunday, has remained largely peaceful throughout &nbsp;the country.</div>
<div>
	&nbsp;</div>
<div>
	The guessing games, claims, counter claims, prediction and analysis about the election results even before voting starts indicates the growing election euphoria across the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt strategy towards poll detractors: Arrest on the spot</strong></span></div>
<div>
	The government has said that it will take stern action against those trying to enforce the banda. Home Minister, Madhav Prashad Ghimire, said that the government will not leave anybody who breaks the law. Minister Ghimire said, &ldquo;I have ordered the security force to arrest and prosecute immediately anybody who comes to the street to impose the banda.&rdquo; According to the Home Ministry, 62,000 army personnel, 1 hundred and 10 thousand police, 32 thousand armed police and 45 thousand temporary police have been deployed for the security of the polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the government has also urged the people to contact the local administration in case their free mobility is obstructed, properties damaged, public properties damaged and acts of arson and forceful deeds committed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government has also said that it will provide the compensation up to 90 per cent to the public vehicles if they are damaged or destroyed while plying in the street during the polls. &nbsp;Chief District Officer has been authorised to provide up to Rs 25 thousand reliefs to the affected person during the course of polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EC distributing temporary voter cards</strong></span></div>
<div>
	The Election Commission has said it has completed printing temporary voter identity cards and will distribute them in all the 75 districts by November 17. According to the EC, it will use 15,000 volunteers and government staffers for the distribution of the cards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dhungel, Fakir Candidacy Scrapped</strong></span></div>
<div>
	Election Commission has cancelled the candidacy of two UCPN (Maoist) candidates, Bal Krishna Dhungel and Usha Shah Fakir, stating that those candidates were ineligible to contest the CA polls. The EC has annulled the candidacy of Dhungel based on the complaint lodged by Ram Kumari Jhakri of CPN (UML). Dhungel was sentenced for life imprisonment by the Supreme Court in 2010 on murder charges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, EC has annulled the candidacy of Fakir based on the complaint that she is the commissioner of National Muslim Commission. A person is not eligible to contest the polls if (s)he holds any public post and entertains facilities provided by the state.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Victory not a cakewalk for top guns</strong></span></div>
<div>
	This election is going to be an uphill battle for some of the top leaders of the major political parties. UCPN (Maoist) chairman Pushpa Kamal Dahal is contesting from Kathmandu Constituency 10 and Siraha 5. Dahal, who won the last CA polls from Kathmandu 10 with a huge margin of votes, is facing a hard time this time due to the party split and strong candidates challenging him.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Another leader of the UCPN (Maoist) Baburam Bhattarai is in the race from Rupandehi-4 and and Gorkha-1. In Rupandehi-4, CPN (UML) leader Bishnu Poudel will pose a big challenge to Bhattarai to win the election. Given to the Poudel&rsquo;s stronghold in Butwal, a city under the Rupandehi-4, due to his contribution for the development works, it will be a tough for Dr Bhattarai to win from this constituency.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress president Sushil Koirala is in the fray from Chitwan-4 and Banke-3. Though Banke-3 is his home constituency, from Chitwan it would be tough fight for him as his own partyman Bikash Koirala (former Chitwan district president) has fielded his candidacy. Popular among the Chitwan locals, Bikash will be a big trouble for NC boss Sushil Koirala to ensure the victory. &nbsp;Similarly, NC vice-president Ram Chandra Poudel is also facing his own party&rsquo;s dissident candidate-Purna Bahadur Gurung- in Tanahu-2.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UML chairman Jhalanath Khanal is also facing a big challenge in Ilam-1. As the leaders supporting the ethnicity-based federalism deserted the UML to form their own party, their influence in the ethnic dominated Ilam-1 will be a bed of thorns for Khanal to win the elections like in those of previous polls.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'With the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works.  The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2028',
			'article_category_id' => '140',
			'title' => 'Sapkota Urges Poll-opposing Parties Not To Challenge People’s Right',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At a regular weekly press meet organized at the party headquarters, Paris Danda, Saturday morning, Sapkota said that the nationwide anti-poll activities carried out by the CPN-Maoist were illegal. He also urged the agitating parties not to challenge the people&acute;s right by conducting the anti-poll campaigns.</div>
<div>
	&nbsp;</div>
<div>
	Sapkota said that imposing strikes and thrashing the candidates of the UCPN (Maoist) and other political parties were undemocratic and asked the government to control such activities.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.',
			'sortorder' => '1877',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2029',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup ( 22 - 27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;The Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs. &ldquo;We will first carry out a feasibility study, and than we will call for the collective investment from the NRNs, giving equal priority to all of them,&rdquo; Ghale said. The venue of the proposed hotel is yet to be ascertained. Ghale said many of the international hotel chains have shown interest for establishing international standard hotels in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Company Registrar Office (CRO) has made the registration of new companies through online system mandatory from last week. It said it would no longer entertain files under manual system for registration purpose. The CRO, which started online registration system in February, took a step further recently by fully automating the registration system. It has enabled companies to submit documents required for registration and forward application for dissolution through the internet. Companies can also check their status online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Customs officials of Nepal and China have signed a 14-point agreement with a commitment to stop smuggling of gold through the Tatopani customs point and promotion of businesses that are beneficial to both &nbsp;countries. As Nepali traders have been using TT and draft for importing most the goods from China, the two sides have also agreed to promote the use of Letters of Credit (LC) as the principle mechanism for imports. The decision of promoting LC was taken to reduce revenue leakages. China has also agreed to support exports from Nepal by giving due recognition to Nepal&rsquo;s quarantine system at the border.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;A high-level team from the European Union (EU) is visiting Nepal soon to identify the potential sectors of investment in Nepal. At a meeting with Finance Minister Shankar Prasad Koirala on October 25, Rensje Teerink, ambassador of EU to Nepal, informed about the visit and asked the Nepal government to finalize the proposed EU-funded projects at the earliest. Teerink also said that EU would focus its support on good governance and development in Nepal. On the occasion, Koirala expressed gratitude to the EU for doubling its assistance to Nepal. He also asked Teerink to increase support in the sectors that are highly prioritized by the Nepal government.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Ministry of Culture, Tourism and Civil Aviation has said that it will issue a public notice next week ordering the country&rsquo;s casinos to get their operating licences renewed for this fiscal year. None of the casinos have renewed their permits so far. As per the Casino Regulation 2013 endorsed by the Cabinet on July 11, casinos have less than a month to renew their operating licences. &ldquo;The new regulation has set Nov 21 as the final date to renew their operating licences,&rdquo; said Purna Chandra Bhattarai, Joint Secretary at the Industry Division of the ministry. &ldquo;If they don&rsquo;t abide by the law, we will be forced to shut them down.&rdquo; &nbsp;There are 10 casinos in the country, eight in Kathmandu and two in Pokhara.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Civil Aviation Authority of Nepal (CAAN) has issued type certificate to Chinese-made MA60 aircraft, allowing a China-made plane to fly in Nepali sky for the first time in the nation&rsquo;s civil aviation history. Although the CAAN is yet to confirm the development, senior officials at the Ministry of Culture, Tourism and Civil Aviation said the authority informed the ministry about the issuance of the certificate on Tuesday evening. According to CAAN sources, it will soon call a press meet to inform about the development. As per the Civil Aviation Rules 2002, the Director General of the CAAN upon receiving the application shall provide aircraft type certificate to the applicant after making necessary inquiry. The issuance of the certificate has opened the doors for ailing Nepal Airlines Corporation (NAC) to procure the 58-seater turboprop planes manufactured by Xi&rsquo;an Aircraft International Corporation.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2027',
			'article_category_id' => '140',
			'title' => 'CPN UML To Stand Alone: No Electoral Alliance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.</div>
<div>
	&nbsp;</div>
<div>
	Talking to journalists in Bardiya district on October 26, UML leader Bam Dev Gautam ruled out the possibility of forging alliance with the UCPN (Maoist). He, however, did not say anything whether his party will build an alliance with Nepali Congress. &ldquo;No electoral alliance has been forged with Nepali Congress (NC) so far,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He described Maoist chairman Pushpa Kamal Dahal as a man who does not keep his word and likely to change his statement anytime. He termed Dahal&rsquo;s talk about electoral alliance as &ldquo;pretension&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He further blamed CPN-Maoist has been adopting self-destructive strategy and said that its&rsquo; plan to obstruct CA elections will damage the party&rsquo;s own image.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gautam has started door-to-door programme as part of election campaign for the coming second &nbsp;CA election.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.',
			'sortorder' => '1875',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2026',
			'article_category_id' => '140',
			'title' => 'Ultra Left Election Boycott: Confrontations Escalate - People Will Tear New Constitution Into Pieces',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;It is totally a wrong step to strive for drafting the new constitution by sideling a major force of the people&rsquo;s war,&rdquo; said the CPN-Maoist leader speaking at a programme in the Capital on October 26. &ldquo;In fact, the upcoming election is not going to help draft a truly people&rsquo;s constitution, the people will tear it into pieces,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He assertively ruled out the possibility of drafting the new constitution by the second Constituent Assembly (CA) polls. Baidya made such remarks at a time when the major political parties have been intensifying their campaigns for the upcoming CA elections.</div>
<div>
	&nbsp;</div>
<div>
	The CPN-Maoist leader said the CA was being used repeatedly to deceive the people. &ldquo;In 1950 also, the concept of Constituent Assembly was introduced but the constitution was not drafted,&rdquo; said Baidya. &ldquo;It (CA) turned out to be just a slogan to deceive the people.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He went on to say that the pro-parliamentary parties, who never get tired of giving speeches about the principle of power separations, have shown faint-hearted tendency. &ldquo;Now the parliamentary system has been proved to be defeated,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Chairman Baidya remarked that federalism based on ethnic identity would not be acceptable to a communist party. &ldquo;This is senseless, and a communist party should raise the issue of class,&rdquo; he further said.</div>
<div>
	&nbsp;</div>
<div>
	He said that the anti-election campaign launched by his party has been a grand success. The anti-election activities are at a peak and clashes have been reported between the dissident Maoists and the cadres of other political parties.</div>
<div>
	&nbsp;</div>
<div>
	He further said that his party would continue the ongoing election-boycott campaign. &ldquo;Neither we will go underground nor will wage an armed struggle&rdquo;, the former rebel leader stated, charging that some forces are disseminating false information about his party.</div>
<div>
	&nbsp;</div>
<div>
	Baidhya accused the parliamentary forces of inviting confrontation in the country notwithstanding their failure. &ldquo;This has made the people aggressive,&rdquo; he added, saying the country could not be liberated from the current state of affairs till such (parliamentarian) forces existed.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.',
			'sortorder' => '1874',
			'image' => null,
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	(int) 13 => array(
		'Article' => array(
			'id' => '1979',
			'article_category_id' => '140',
			'title' => 'Political Parties Campaigning Sans Poll Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos. <span class="Apple-tab-span" style="white-space: pre;"> </span></div>
<div>
	&nbsp;</div>
<div>
	So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like &nbsp;Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the manifesto has already been endorsed by the CPN (UML) Standing Committee meeting on October 15, it has not been made public yet.</div>
<div>
	&nbsp;</div>
<div>
	The manifesto drafting committee (MDC) of the NC has already finalised the draft, the MDC has circulated the draft to the leaders of the party for a final call. According to NC sources, the party will make its manifesto public only after a couple of days.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Directly elected prez, PM from parliament&rdquo;</strong></span></div>
<div>
	The UCPN (Maoist) has proposed a directly elected presidential system and Prime Minister elected from the parliament to run the daily administration as the form of governance and 11-province model for the state restructuring. 11 autonomous provinces have been proposed based on ethnicity, language, identity, economic interrelations, infrastructure development, availability of natural resources and administrative accessibility. The 11 provinces include Seti-Mahakali, Bheri-Karnali, Magarat, Tamuwan, Tamsaling, Newa, Kirant, Limbuwan, Tharuwan, Madhesh and Kochila. Likewise, in its manifesto, the party has claimed to uplift the country&rsquo;s economic status to high level as well as ending poverty within 15 years. Unveiling its manifesto in capital last Saturday, UCPN (Maoist) chairperson Pushpa Kamal Dahal has pledged to implement the manifesto in a &lsquo;true sense&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SP bats two provinces in Madhes</strong></span></div>
<div>
	Amid demands of &lsquo;one Madhes, one province&rsquo; by the Madhes-based parties, SP has proposed two provinces in Madhes. SP has proposed that the whole Madhes be divided into two provinces&mdash; East and West of Narayani. Chairman of the SP, Rajendra Mahato, made the manifesto public organizing a press conference in the capital last Friday and said his party was for 10 states as proposed by State Restructuring Committee of the erstwhile CA. The party also proposed constitutional presidential system elected from both the houses of bicameral legislation and Prime Minister as the executive chief.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-Nepal for reinstatement of monarchy&nbsp;</strong></span></div>
<div>
	RPP-Nepal has reiterated its stand of reinstatement of constitutional monarchy, directly elected prime minister and liberal economic system. The party has also proposed its Chairman Kamal Thapa as its prime ministerial candidate for the elections. In its election manifesto made public on October 15, it has claimed that the roadmap of a republican set-up with federalism has become a complete failure. The party has proposed mixed election system.</div>
<div>
	&nbsp;</div>
<div>
	The RPP-N manifesto has proposed directly elected prime minister as executive head and calls for not making the same person the prime minister twice. The party has expressed its commitment that it will never organise general strikes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU poll observers at field</strong></span></div>
<div>
	Meanwhile, 34-member European Union Election Observation Mission (EU EOM) led by Chief Observer Eva Joly, a member of the European Parliament, have been deployed across the country as long term observers.</div>
<div>
	&nbsp;</div>
<div>
	The observers arrived in the country on October 13 to observe the Constituent Assembly election scheduled for November 19.The EU office here briefed the observers about the process and methods of election observations for three days before assigning them on duty.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Chief Observer Joly, shortly before the election, a group of 40 short-term observers together with a delegation of members of the European Parliament and locally-recruited short term observers from EU member state embassies will be joining the mission in order to observe voting, counting and tabulation of results.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The EU election observers are bound by a strict code of conduct that ensures their neutrality and impartibility. They do not interfere in the electoral process and have no authority to change or correct any shortcomings or to request changes during the election process.</div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-29',
			'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' => 'With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos.  

So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like  Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1933',
			'article_category_id' => '140',
			'title' => 'Weekly Round-UP (30 September - 6 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<ul>
	<li>
		In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system. Businessmen can now register their company at the service centre established at the district by district chambers of commerce and industry. The service centre will provide the service of company registration and renewal. Representatives of the private sector have hailed the agreement saying that this public-private partnership could ease their process for company registration.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The government has paved the way for Nepal Telecom (NT), a public entity, to bring in a strategic partner. The meeting of the Council of Ministers has cleared the decks for the government to sell a part of its stock in NT to the prospective strategic partner. Though the government has not decided the number of shares to be sold to the prospective partner, a technical committee formed last year had recommended the government to sell 30 per cent of its shares to such partner. Now, with the government&rsquo;s nod, NT will hire a consultant firm to prepare bid documents for finding a new strategic partner. Officials at the Ministry of Finance say that a recommendation made by the technical committee will be considered while developing standards for the prospective strategic partner. Amid stiff competition posed with the entry of private telecommunication service providers in the market, the new strategic partner for the state entity is expected to provide some external stimulus to drive the company forward.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Data has shown that the contribution of the financial sector to the Gross Domestic Product (GDP) of the country has remained constant for the last seven years. Though there has been a rise in the numbers of banks, banking access, deposit and loan amounts, the total contribution to the GDP each year since Fiscal Year 2006-07 to FY 2012-13 has remained around four per cent only. Stakeholders attribute the lack of investment friendly climate, political instability and investment areas, among others, behind such lackluster performance of the financial sector towards contributing to the GDP. This situation, economic analysts say, is very unfortunate for Nepal despite the possibility of it being an international financial hub.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The Inland Revenue Department (IRD) has intensified the monitoring of the issuance of VAT bills against the backdrop of the Dashain festival. Though the IRD campaign to inspect the market in a bid to encourage customers and business firms to ask and issue VAT bills while buying goods and services is positive, the monitoring of the market on the eve of the festive seasons alone cannot ensure the full-practice of issuing a VAT bill. IRD had inspected 15,000 business enterprises last year during the Dashain festival, while it plans to monitor 20,000 business firms this year. This number is small among the total number of business firms in Nepal. Thus, analysts call for the widening of inspection in order to help plug revenue leakage.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		As the Constituent Assembly election date scheduled for November 19 approaches nearer, the donation drive of political parties is causing terror in the business community. Political parties and their election candidates are searching for businessmen to manage the funds they need to contest for the polls. The problem has become so serious that many businessmen have now stopped answering phone calls from unknown numbers while other are changing their numbers frequently to avoid demands for donation. Businessmen have become a primary source for exorbitant donations mostly during the election.&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Despite Nepal&rsquo;s better economic prospects, India&rsquo;s economic slowdown could hinder Nepal&rsquo;s economic performance, according to a prediction by the International Monetary Fund (IMF). The effect of the India&rsquo;s slowdown will also have an adverse impact in the financial sector as well as the overall economy. The IMF has recommended concerned authorities to tighten the monetary condition to reduce the gap between the interest rates in the two countries.</li>
</ul>',
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			'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' => 'In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system.',
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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]
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			'id' => '2234',
			'article_category_id' => '140',
			'title' => 'Three-day National Mourning On Mandela’s Demise',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	The government has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader. The cabinet meeting held last Saturday decided to fly the national flag at half-mast at government and diplomatic missions abroad and not to hold any official ceremonies for three days starting from Sunday. The government has also expressed condolence to the family of Mandela and to the people of South Africa.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the cabinet meeting has also decided to send a delegation led by Foreign Minister Madhav Prasad Ghimire to attend Mandela&rsquo;s condolence assembly to be held in South Africa on December 10.</div>
<div>
	&nbsp;</div>
<div>
	Mandela, who led South Africa&rsquo;s transition from white-minority rule in the 1990s, died last Thursday at the age of 95. He was receiving intensive medical care at home for a lung infection after spending three months in hospital.</div>
<div>
	&nbsp;</div>
<div>
	President Dr Ram Baran Yadav has also expressed profound sadness over the demise of the father of South Africa. Nepali Congress President Sushil Koirala has said that he was stunned by the news of the demise of Mandela. He also wished for eternal peace to the departed soul while expressing condolences to the bereaved family and people and government of South Africa at this hour of grief in the demise of Mandela.</div>',
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			'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 has decided to hold a three-day national mourning on the demise of Nelson Mandela, the first black president of South Africa and an anti-apartheid leader.',
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			'title' => 'Parties Mull Selection Of PR Candidates',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Following the Election Commission&rsquo;s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC), which has grabbed the highest number of seats under the PR system, held the meeting of its Parliamentary Board last Friday to select the names. NC, which has bagged 105 seats under direct system, secured 91 seats under the PR system. The 15-member board is still to pick the names of candidates following the selection criteria, a member of the Board&nbsp;</div>
<div>
	told TC.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, CPN (UML), which won 91 seats under direct system, is also holding its central committee meeting on December 9 to select 84 candidates that is entitled for the CA members under the PR system. Earlier, on last Friday, Standing Committee meeting of the CPN (UML) proposed to nominate half of the total candidates from the central committee and central departments and local committees, weighing their contribution to the party.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Rastriya Prajatantra Party-Nepal (RPP Nepal) has also said that it is preparing to submit the names of the PR candidates to the EC within a week. RPP-Nepal, which failed to win a single seat under direct electoral system, however, emerged as fourth largest party managing to secure 24 seats under PR system.</div>
<div>
	&nbsp;</div>
<div>
	However, UCPN (Maoist), the third largest party, has said that it would not nominate its representatives unless its demand of forming a probe commission to investigate into the alleged vote rigging is not met. UCPN (Maoist) has won 26 seats under direct system, while it bagged 54 seats under PR system. The winners of the UCPN (Maoist) under the direct system have not accepted the certificate from the EC yet. &nbsp;Nine other fringe parties that have won few seats, are also joining the UCPN (Maoist) in the chorus of vote rigging. They also have said that they would not recommend the names until probe commission is formed.</div>
<div>
	&nbsp;</div>
<div>
	Earlier last week, the EC had made public the total number of the seats secured by the 30 political parties under the PR system. It has asked 30 parties to recommend the names of the PR candidates to join the CA by December 10. Political parties have to pick the names from the PR list that they have submitted to the EC before the CA polls as per the electoral laws. The laws required the parties to maintain certain per cent of the proportional representation from women, Janajatis, Dalits, Madhesis, people representing the backward communities and Khas Aarya group.</div>',
			'published' => true,
			'created' => '2013-12-09',
			'modified' => '2013-12-09',
			'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' => 'Following the Election Commission’s deadline of December 10 for the parties to submit their nominees for the CA under the proportional representation (PR) electoral system, political parties have begun intra party process to pick the names.',
			'sortorder' => '2075',
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	(int) 2 => array(
		'Article' => array(
			'id' => '2196',
			'article_category_id' => '140',
			'title' => 'Nepal Political News In Brief ( 2 - 8 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Chinese Envoy Congratulates Koirala</strong></span></div>
<div>
	Chinese Ambassador to Nepal, Wu Chuntai, called on President of Nepali Congress, Sushil Koirala last Thursday. During the meeting held at Koirala&rsquo;s residence Maharajgunj, Ambassador Wu congratulated Koirala for his and his party Nepali Congress&rsquo; victory as the largest party in the Constituent Assembly (CA) election. NC President Koirala told Ambassador Wu that they were holding talks between the political parties regarding the formation of a consensus government and on current political developments.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Madhav Nepal Warns Congress</strong></span></div>
<div>
	Senior leader of CPN-UML Madhav Kumar Nepal has warned that Nepali Congress (NC) has to pay a price if his party CPN (UML) was minimized on power sharing. At a programme at Parsa last Wednesday, he said as people voted for NC and UML to go together, there is no alternative for them other than to move together. He pointed out the need to draft a constitution in one year by taking both the Maoist parties and the Madhes- based parties together. Stating that the Madhesi parties had no significance in Madhes, he urged UCPN-Maoist not to be humiliated upon being defeated in election. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nembang for Institutionalising Past Agreements</strong></span></div>
<div>
	Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA. &nbsp;At a press meet organized by the Press Chautari Nepal at Damak in Jhapa district last Thursday, Nembang, also the leader of CPN-UML, said consensus can be forged by making some alterations in the contentious issues of the last CA. &nbsp;As the election was successful on the basis of consensus, the new constitution should also be issued on the basis of consensus among parties, he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CA polls pave the way out for the nation&rdquo;</strong></span></div>
<div>
	Education Minister Madhav Poudel has said the successful completion of the Constituent Assembly (CA) election has paved the way out for the nation from political crisis. Speaking at a programme in Myagdi last Saturday, Minister Poudel, also spokesperson of the government, said atmosphere for establishing political stability and drafting a new constitution has been created with the completion of the CA election. &ldquo;The incumbent government has successfully completed its task of holding the CA election no matter in which condition and context it was formed,&rdquo; he said, adding the election has given a way out to the nation from the prolonged political crisis.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dahal Back to Home from Delhi</strong></span></div>
<div>
	UCPN (Maoist) Chairman Pushpa Kamal Dahal has returned home last Saturday visiting his ailing daughter in New Delhi, India. Dahal went to the Indian capital on November 28 to meet his ailing eldest daughter Gyanu Dahal KC who is undergoing treatment for cancer. Talking to media persons briefly at Tribhuvan International Airport upon arrival, leader Dahal said his Delhi visit was completely a personal trip and he neither met with any political figure nor held any formal meetings during his stay there. &ldquo;I met my daughter who is undergoing treatment in New Delhi, took information about her health condition and returned,&rdquo; he said.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-03',
			'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' => 'Former CA Chairman Subash Nembang has said constitution can be promulgated in one year by institutionalising the agreements reached in the earlier CA.',
			'sortorder' => '2042',
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	(int) 3 => array(
		'Article' => array(
			'id' => '2194',
			'article_category_id' => '140',
			'title' => 'PR Election Result Made Public',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">E</span><span style="font-size: 12px;">lection Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.</span></div>
<div>
	&nbsp;</div>
<div>
	As per the result, the Nepali Congress has stood first with 2.4 million votes while the CPN-UML is in the second position with 2.2 million votes. The UCPN-Maoist is the third one with 1.4 million votes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="" src="/userfiles/images/pol%20(Copy).jpg" style="width: 456px; height: 1200px; margin-left: 10px; margin-right: 10px;" /></div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'Election Commission has made public the final result of the proportional representation (PR) system of the Constituent Assembly election from all 240 constituencies last Thursday.',
			'sortorder' => '2039',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '2195',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up ( 25 November - 1 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:16px;">&bull;</span>China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts. &nbsp;Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday. According to MoF, the concessional loan received from the Export-Import Bank of China will be handed to Nepal Airlines Corporation (NAC) to use for aircraft. MoF said out of the total assistance, Rs 2,943 million will be used to acquire one MA60 and one Y12E aircraft on grant and up to Rs 3,728 million will be used to purchase one MA60 and three Y12E aircraft on loan. According to the tourism entrepreneurs, adding new aircraft to the existing fleet of the corporation would be important in catering the growing number of passengers thereby boosting the tourism industry.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>Stock market moved downwards after few weeks of gaining string as wary investors opted to book profits after recent gains. Nepse index fell 12.80 points last week to settle at 643.95. Though market observed a marginal correction last week, investors are upbeat about the market prospects due to the victory of &lsquo;democratic parties&rsquo; in the CA polls. According to stock analysts, the overall market is in the rising trend and big boost can be expected in coming weeks as soon as the government formation process kicks off. The political environment has become a major factor for the rise of the Nepse index.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The banking system has observed excessive liquidity after banking and financial institutions (BFIs) failed to boost the investment. According to the latest data, in last four months (between Sep 6-Nov 8), commercial banks have accumulated the total deposit amount has increased by Rs 42 billion, while the total loan investment has increased only by the half of the amount of the total deposit. The excessive liquidity has led Nepal Rastra Bank (NRB) to issue the Reverse Repo several times during the period of four months. NRB issued a latest round of reverse repo last week to absorb excess liquidity from the market. As many as 21 commercial banks have bid for securities worth Rs 23 billion for the reverse repo held by the NRB worth Rs 10 billion. This is the sixth times that NRB has issued the reverse repo in the current fiscal year. According to NRB, the reverse repos were held in a bid to ensure financial stability and good governance by curbing inflation in the market due to the excess liquidity.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>At a time when Civil Aviation Authority of Nepal (CAAN) was defending allegations against it on aviation safety and clear International Civil Aviation Organisation (ICAO) about the present scenario of the domestic aviation industry, a probe committee formed to investigate the May 16 accident of Nepal Airlines Corporation aircraft in Jomsom has attributed to the pilot&rsquo;s error as the factor behind the crash. &ldquo;The most probable cause of the accident is inappropriate short take-off and landing procedure carried out by the pilot-in-command during the landing phase and an attempt to take off again without sufficient airspeed, lifting force and runway length to roll,&rdquo; read the report released last week. Aviation specialists say that the air accidents or incidents are caused by the prevailing risk factors which could be eliminated if the associated hazards are identified and risks mitigated before they contribute to an accident or incident.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;">&bull;</span>The gold import has gone down to Rs 3.5 billion between mid-July and mid-October compared to Rs 7 billion worth of import a year ago, according to the data of &nbsp;Nepal Rastra Bank (NRB). However, the silver import has surged to Rs 2.6 billion from Rs 847 million over the period. Gold traders attribute to the low demand even during festivals like Teej for the decline in the precious yellow metal.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'China has agreed to provide Nepal with a grant and concessional loan assistance of Rs 6.67 billion to acquire six aircrafts.  Finance Secretary Shanta Raj Subedi and ambassador of China to Nepal Wu Chuntai signed the agreement towards that end on behalf of the Nepali and Chinese governments, respectively, amid a function in the capital last Thursday.',
			'sortorder' => '2038',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2193',
			'article_category_id' => '140',
			'title' => 'Parties Intensify Power Sharing Parleys',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire / Angila Sharma&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	A<span style="font-size: 12px;">s the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government. &nbsp;In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday. &nbsp;UML leader Raghuji Pant, who was also present in the meeting, informed that the leader duo exchanged congratulation for the victory in the polls. &nbsp;Issues of government formation and constitution drafting also transpired during the meeting, he said. It is learnt that Khanal also asked Koirala to take the initiative to form the new government and to try bringing the other parties on board as well.</span></div>
<div>
	&nbsp;</div>
<div>
	Likewise, NC president Koirala has also met with the UCPN (Maoist) chairman Pushpa Kamal Dahal last Monday (November 25) to seek latter&rsquo;s support for the formation of the government and drafting new constitution on the basis of consensus. &ldquo;No party can make any difference alone. So we should work together for government formation and constitution-drafting,&rdquo; Koirala told Dahal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, UCPN (Maoist) has demanded the provision for the mandatory consensus be reinstated in the interim constitution for forming the government. The meeting of the UCPN (Maoist) held on November 25 has concluded that the consensual provision was imperative to draft the new constitution and form the government. &ldquo;The Interim Constitution should be amended and a system of consensus established for constitution drafting and for other things as well,&rdquo; read the press statement of the UCPN (Maoist). NC and CPN (UML) have, however, rejected such demand. The Central Working Committee meeting of the NC held last Wednesday inferred that it would not accept any proposal that demands making consensus politics mandatory through constitutional amendment. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Though we are for consensus government, the demand to amend the constitution to include the provision of mandatory consensus is not acceptable to us,&rdquo; a CWC leader of the NC said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Disputes over Prez tenure</strong></span></div>
<div>
	With the new result of the CA polls, parties are also divided over the tenure of the incumbent President Dr Rambaran Yadav and Vice-president Paramananda Yadav. While NC is maintaining that the President Dr Yadav should remain in the office until new constitution is drafted, UML leaders are demanding new power sharing agreement in the changed scenario. UCPN (Maoist) has thrown its weight behind the reelection of the new President and the Vice-president in the post-poll scenario. Likewise, Rastriya Prajatantra Party-Nepal (RPP-N) Chairman Kamal Thapa has called for the election for new president and vice-president as per the fresh mandate of the CA polls.</div>',
			'published' => true,
			'created' => '2013-12-02',
			'modified' => '2013-12-02',
			'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' => 'As the Election Commission has made public the final results of Constituent Assembly polls, Nepali Congress (NC) and CPN (UML) - emerged as two largest parties- have also started negotiations on forming the new government.  In a bid to form a national consensus government, NC president Sushil Koirala and CPN (UML) chairman Jhalanath Khanal held a meeting last Thursday.',
			'sortorder' => '2036',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2151',
			'article_category_id' => '140',
			'title' => 'NC-UML Sweep CA Polls; UCPN (Maoist) Cries Foul',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes. As The Corporate went to the press, Nepali Congress has taken the lead towards the first-past-the-post electoral system securing 105 seats, followed by CPN (UML) with 91 seats. The largest party of the erstwhile CA, UCPN (Maoist), however, has trailed far behind with only 25 seats in its kitty. Likewise, Terai Madhes Loktantrik Party and Madhesi Janadhikar Forum Democratic have each secured four seats.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Among others, Rastriya Prajatantra Party has won 3 seats, Madhesi Janadhikar Forum Nepal 2, Sadbhawana Party 1, Nepal Workers Peasants Party 1 and Terai Madhes Sadbhawana Party has won 1 seat. Similarly, two independent candidates also managed to secure a berth in the upcoming CA. As the poll results trickled down, UCPN (Maoist) has claimed &lsquo;irregularities&rsquo;, &lsquo;conspiracy&rsquo; and &lsquo;poll rigging&rsquo; to be behind its defeat. Holding a press conference last Thursday, UCPN (Maoist) chairman Pushpa Kamal Dahal has demanded the review of the entire election process. He has also warned to boycott the Constituent Assembly if his party&rsquo;s demand is not met. However, Election Commission, government officials and other parties have ruled out the review of the election process. Carter Center along with other poll observing groups has said that the polls were held in a free and fair manner. As The Corporate went to press on Sunday, the counting of the vote under proportional representation system is going on. Out of 16,72,519 votes counted in various constituencies across the country, CPN (UML) has led the counting with 4,68,426 votes. Likewise, Nepali Congress is following the CPN (UML) with 4, 39,438 votes. UCPN (Maoist), which suffered a big blow towards FPTP system, is in the fourth position with 2,81,338 votes. Rastriya Prajatantra Party-Nepal, a pro-monarchist party, has emerged as a fourth party with 1,35,054 votes.</div>',
			'published' => true,
			'created' => '2013-11-25',
			'modified' => '2013-11-25',
			'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' => 'Defying banda by the poll opposing parties and despite the cases of violence, almost 70 percent of the total voters showed up at the polling booth last Tuesday to cast their votes',
			'sortorder' => '1998',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2100',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;As the election is round the corner, the poll-opposing CPN-Maoist &ndash;led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist. The international community has said that such programme will violate the political rights of the people and is against the law of Nepal. It has also urged the CPN-Maoist-led alliance to withdraw the banda programme immediately. Likewise, Federation of Nepal Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) have also urged the CPN-Maoist to withdraw the banda. FNCCI president Suraj Baidya has even warned to defy the banda if CPN-Maoist does not withdraw it immediately.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Though the peak tourism season is approaching, entrepreneurs have predicted that the number of tourist arrival may go down this year as the political uncertainty looms ahead due to the CA polls. As the country is likely to observe disturbances, violence and protests before and after the polls, the US has issued a travel alert to its citizens while travelling to Nepal. The US is the fourth largest tourist market source to Nepal. The hotel entrepreneurs have also said that the tourists have started cancelling their reservations at the hotels. Tourism entrepreneurs have lamented that the political uncertainty in Nepal has painted a negative picture of the country in the international front resulting adverse impact to their business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;Malaysia has hiked its visa fee by six folds. Malaysia, which is one of the most sought destinations for the Nepali workers, has increased its visa fee to Rs 4,200 from Rs 700. The hike of the visa fee will add on the burden to the aspiring Nepali workers for the Malaysia. Though the government has set a ceiling of Rs 80,000 for the manpower company to charge the aspiring worker, the manpower agencies have been opposing the ceiling amount complaining that such amount was not practical as that does not include the commission amount to be paid in Malaysia. The manpower companies are charging more than that ceiling amount. With the rise of the visa fees, the ceiling amount set by the government will be more impractical.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Nepal Rastra Bank (NRB) has called proposals from the commercial banks to deposit the amount worth Rs 2.26 billion that the central bank has in different funds. The NRB has asked the interested commercial banks to submit the proposals by Monday. The interested banks can apply with the proposed interest rate. The NRB has also set some criteria for the commercial banks who can apply for such fixed deposit amounts. According to the NRB, only those commercial banks are eligible to apply that are operating for at least two years and have issued shares to the public.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Nepali currency has once again slumped past the Rs 100 mark per dollar last week. Nepal Rastra Bank, the central monetary authority, fixed an exchange rate of Rs 100.32 per US dollar last Saturday. Nepali currency had continued to weaken for last 3 months and had hit the lowest of Rs 109.03 on September 4. The last time the Nepali currency had dropped past Rs 100 mark was on August 20.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on November 1, the eve of the Tihar festival. However, it decreased by Rs 400 on per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'As the election is round the corner, the poll-opposing CPN-Maoist –led 33-party alliance has vowed to enforce the 10-day long banda that it has announced as part of the protest programmes in a bid to foil the CA polls. The Banda has drawn criticisms from various quarters. The international community led by the UN has issued a press release last week condemning the banda by the CPN-Maoist.',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2099',
			'article_category_id' => '140',
			'title' => 'Amid Sporadic Cases Of Violence, Election Euphoria Grips The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong style="font-size: 12px;">--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	W<span style="font-size: 12px;">ith the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works. &nbsp;The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them. However, the poll opposing CPN-Maoist-led 33-party alliance has also rolled up its sleeves to foil the election plans. Mohan Baidya-led CPN-Maoist has announced a 10-day nationwide banda (general shutdown) to begin from November 11. Amid the election campaigns of the parties, cases of attacks upon the candidates, arson, vandalism and bomb plantation are reported across the country.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	While asked by The Corporate about the involvement of the CPN-Maoist on those cases, a CPN-Maoist leader denied its hand, but ambiguously said that &lsquo;people have boycotted the polls&rsquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Despite sporadic cases, the election, till this scribe went to press on Sunday, has remained largely peaceful throughout &nbsp;the country.</div>
<div>
	&nbsp;</div>
<div>
	The guessing games, claims, counter claims, prediction and analysis about the election results even before voting starts indicates the growing election euphoria across the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Govt strategy towards poll detractors: Arrest on the spot</strong></span></div>
<div>
	The government has said that it will take stern action against those trying to enforce the banda. Home Minister, Madhav Prashad Ghimire, said that the government will not leave anybody who breaks the law. Minister Ghimire said, &ldquo;I have ordered the security force to arrest and prosecute immediately anybody who comes to the street to impose the banda.&rdquo; According to the Home Ministry, 62,000 army personnel, 1 hundred and 10 thousand police, 32 thousand armed police and 45 thousand temporary police have been deployed for the security of the polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, the government has also urged the people to contact the local administration in case their free mobility is obstructed, properties damaged, public properties damaged and acts of arson and forceful deeds committed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The government has also said that it will provide the compensation up to 90 per cent to the public vehicles if they are damaged or destroyed while plying in the street during the polls. &nbsp;Chief District Officer has been authorised to provide up to Rs 25 thousand reliefs to the affected person during the course of polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EC distributing temporary voter cards</strong></span></div>
<div>
	The Election Commission has said it has completed printing temporary voter identity cards and will distribute them in all the 75 districts by November 17. According to the EC, it will use 15,000 volunteers and government staffers for the distribution of the cards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dhungel, Fakir Candidacy Scrapped</strong></span></div>
<div>
	Election Commission has cancelled the candidacy of two UCPN (Maoist) candidates, Bal Krishna Dhungel and Usha Shah Fakir, stating that those candidates were ineligible to contest the CA polls. The EC has annulled the candidacy of Dhungel based on the complaint lodged by Ram Kumari Jhakri of CPN (UML). Dhungel was sentenced for life imprisonment by the Supreme Court in 2010 on murder charges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, EC has annulled the candidacy of Fakir based on the complaint that she is the commissioner of National Muslim Commission. A person is not eligible to contest the polls if (s)he holds any public post and entertains facilities provided by the state.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Victory not a cakewalk for top guns</strong></span></div>
<div>
	This election is going to be an uphill battle for some of the top leaders of the major political parties. UCPN (Maoist) chairman Pushpa Kamal Dahal is contesting from Kathmandu Constituency 10 and Siraha 5. Dahal, who won the last CA polls from Kathmandu 10 with a huge margin of votes, is facing a hard time this time due to the party split and strong candidates challenging him.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Another leader of the UCPN (Maoist) Baburam Bhattarai is in the race from Rupandehi-4 and and Gorkha-1. In Rupandehi-4, CPN (UML) leader Bishnu Poudel will pose a big challenge to Bhattarai to win the election. Given to the Poudel&rsquo;s stronghold in Butwal, a city under the Rupandehi-4, due to his contribution for the development works, it will be a tough for Dr Bhattarai to win from this constituency.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress president Sushil Koirala is in the fray from Chitwan-4 and Banke-3. Though Banke-3 is his home constituency, from Chitwan it would be tough fight for him as his own partyman Bikash Koirala (former Chitwan district president) has fielded his candidacy. Popular among the Chitwan locals, Bikash will be a big trouble for NC boss Sushil Koirala to ensure the victory. &nbsp;Similarly, NC vice-president Ram Chandra Poudel is also facing his own party&rsquo;s dissident candidate-Purna Bahadur Gurung- in Tanahu-2.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UML chairman Jhalanath Khanal is also facing a big challenge in Ilam-1. As the leaders supporting the ethnicity-based federalism deserted the UML to form their own party, their influence in the ethnic dominated Ilam-1 will be a bed of thorns for Khanal to win the elections like in those of previous polls.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'With the Constituent Assembly polls just a week away, the election fever has gripped the whole country. Political parties and their candidates are making their last ditch efforts to coax the voters to bring them to their favour with pledges of constitution as well as lofty promises of development works.  The Election Commission has said that it has intensified its preparation for the polls in a war-footing level, while the government is trying its best to assure the people that it can adequately provide security to them.',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2028',
			'article_category_id' => '140',
			'title' => 'Sapkota Urges Poll-opposing Parties Not To Challenge People’s Right',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	At a regular weekly press meet organized at the party headquarters, Paris Danda, Saturday morning, Sapkota said that the nationwide anti-poll activities carried out by the CPN-Maoist were illegal. He also urged the agitating parties not to challenge the people&acute;s right by conducting the anti-poll campaigns.</div>
<div>
	&nbsp;</div>
<div>
	Sapkota said that imposing strikes and thrashing the candidates of the UCPN (Maoist) and other political parties were undemocratic and asked the government to control such activities.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'UCPN (Maoist) spokesperson Agni Prasad Sapkota has said that no one has right to obstruct the upcoming Constituent Assembly (CA) polls.',
			'sortorder' => '1877',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2029',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup ( 22 - 27 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&bull;The Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs. &ldquo;We will first carry out a feasibility study, and than we will call for the collective investment from the NRNs, giving equal priority to all of them,&rdquo; Ghale said. The venue of the proposed hotel is yet to be ascertained. Ghale said many of the international hotel chains have shown interest for establishing international standard hotels in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Company Registrar Office (CRO) has made the registration of new companies through online system mandatory from last week. It said it would no longer entertain files under manual system for registration purpose. The CRO, which started online registration system in February, took a step further recently by fully automating the registration system. It has enabled companies to submit documents required for registration and forward application for dissolution through the internet. Companies can also check their status online.</div>
<div>
	&nbsp;</div>
<div>
	&bull;Customs officials of Nepal and China have signed a 14-point agreement with a commitment to stop smuggling of gold through the Tatopani customs point and promotion of businesses that are beneficial to both &nbsp;countries. As Nepali traders have been using TT and draft for importing most the goods from China, the two sides have also agreed to promote the use of Letters of Credit (LC) as the principle mechanism for imports. The decision of promoting LC was taken to reduce revenue leakages. China has also agreed to support exports from Nepal by giving due recognition to Nepal&rsquo;s quarantine system at the border.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;A high-level team from the European Union (EU) is visiting Nepal soon to identify the potential sectors of investment in Nepal. At a meeting with Finance Minister Shankar Prasad Koirala on October 25, Rensje Teerink, ambassador of EU to Nepal, informed about the visit and asked the Nepal government to finalize the proposed EU-funded projects at the earliest. Teerink also said that EU would focus its support on good governance and development in Nepal. On the occasion, Koirala expressed gratitude to the EU for doubling its assistance to Nepal. He also asked Teerink to increase support in the sectors that are highly prioritized by the Nepal government.</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Ministry of Culture, Tourism and Civil Aviation has said that it will issue a public notice next week ordering the country&rsquo;s casinos to get their operating licences renewed for this fiscal year. None of the casinos have renewed their permits so far. As per the Casino Regulation 2013 endorsed by the Cabinet on July 11, casinos have less than a month to renew their operating licences. &ldquo;The new regulation has set Nov 21 as the final date to renew their operating licences,&rdquo; said Purna Chandra Bhattarai, Joint Secretary at the Industry Division of the ministry. &ldquo;If they don&rsquo;t abide by the law, we will be forced to shut them down.&rdquo; &nbsp;There are 10 casinos in the country, eight in Kathmandu and two in Pokhara.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&bull;The Civil Aviation Authority of Nepal (CAAN) has issued type certificate to Chinese-made MA60 aircraft, allowing a China-made plane to fly in Nepali sky for the first time in the nation&rsquo;s civil aviation history. Although the CAAN is yet to confirm the development, senior officials at the Ministry of Culture, Tourism and Civil Aviation said the authority informed the ministry about the issuance of the certificate on Tuesday evening. According to CAAN sources, it will soon call a press meet to inform about the development. As per the Civil Aviation Rules 2002, the Director General of the CAAN upon receiving the application shall provide aircraft type certificate to the applicant after making necessary inquiry. The issuance of the certificate has opened the doors for ailing Nepal Airlines Corporation (NAC) to procure the 58-seater turboprop planes manufactured by Xi&rsquo;an Aircraft International Corporation.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 Non-Resident Nepalis (NRNs) announced to establish a deluxe five-star hotel in Nepal and to bring international hotel chain in Nepal. Organizing a press meet on October 26, the newly elected President of the Non-Resident Nepali Association Shesh Ghale announced that there will be collective investment of the NRNs.',
			'sortorder' => '1876',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2027',
			'article_category_id' => '140',
			'title' => 'CPN UML To Stand Alone: No Electoral Alliance',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.</div>
<div>
	&nbsp;</div>
<div>
	Talking to journalists in Bardiya district on October 26, UML leader Bam Dev Gautam ruled out the possibility of forging alliance with the UCPN (Maoist). He, however, did not say anything whether his party will build an alliance with Nepali Congress. &ldquo;No electoral alliance has been forged with Nepali Congress (NC) so far,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He described Maoist chairman Pushpa Kamal Dahal as a man who does not keep his word and likely to change his statement anytime. He termed Dahal&rsquo;s talk about electoral alliance as &ldquo;pretension&rdquo;.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	He further blamed CPN-Maoist has been adopting self-destructive strategy and said that its&rsquo; plan to obstruct CA elections will damage the party&rsquo;s own image.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Gautam has started door-to-door programme as part of election campaign for the coming second &nbsp;CA election.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'CPN-UML has rejected the possibility of forging electoral alliance with other political parties while stating that it has not made any alliance so far.',
			'sortorder' => '1875',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2026',
			'article_category_id' => '140',
			'title' => 'Ultra Left Election Boycott: Confrontations Escalate - People Will Tear New Constitution Into Pieces',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;It is totally a wrong step to strive for drafting the new constitution by sideling a major force of the people&rsquo;s war,&rdquo; said the CPN-Maoist leader speaking at a programme in the Capital on October 26. &ldquo;In fact, the upcoming election is not going to help draft a truly people&rsquo;s constitution, the people will tear it into pieces,&rdquo; he added.</div>
<div>
	&nbsp;</div>
<div>
	He assertively ruled out the possibility of drafting the new constitution by the second Constituent Assembly (CA) polls. Baidya made such remarks at a time when the major political parties have been intensifying their campaigns for the upcoming CA elections.</div>
<div>
	&nbsp;</div>
<div>
	The CPN-Maoist leader said the CA was being used repeatedly to deceive the people. &ldquo;In 1950 also, the concept of Constituent Assembly was introduced but the constitution was not drafted,&rdquo; said Baidya. &ldquo;It (CA) turned out to be just a slogan to deceive the people.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He went on to say that the pro-parliamentary parties, who never get tired of giving speeches about the principle of power separations, have shown faint-hearted tendency. &ldquo;Now the parliamentary system has been proved to be defeated,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Chairman Baidya remarked that federalism based on ethnic identity would not be acceptable to a communist party. &ldquo;This is senseless, and a communist party should raise the issue of class,&rdquo; he further said.</div>
<div>
	&nbsp;</div>
<div>
	He said that the anti-election campaign launched by his party has been a grand success. The anti-election activities are at a peak and clashes have been reported between the dissident Maoists and the cadres of other political parties.</div>
<div>
	&nbsp;</div>
<div>
	He further said that his party would continue the ongoing election-boycott campaign. &ldquo;Neither we will go underground nor will wage an armed struggle&rdquo;, the former rebel leader stated, charging that some forces are disseminating false information about his party.</div>
<div>
	&nbsp;</div>
<div>
	Baidhya accused the parliamentary forces of inviting confrontation in the country notwithstanding their failure. &ldquo;This has made the people aggressive,&rdquo; he added, saying the country could not be liberated from the current state of affairs till such (parliamentarian) forces existed.</div>',
			'published' => true,
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			'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' => 'CPN-Maoist Chairman Mohan Baidya has warned that the new constitution to be drafted without the participation of his party will not be acceptable to the people.',
			'sortorder' => '1874',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1979',
			'article_category_id' => '140',
			'title' => 'Political Parties Campaigning Sans Poll Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos. <span class="Apple-tab-span" style="white-space: pre;"> </span></div>
<div>
	&nbsp;</div>
<div>
	So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like &nbsp;Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Though the manifesto has already been endorsed by the CPN (UML) Standing Committee meeting on October 15, it has not been made public yet.</div>
<div>
	&nbsp;</div>
<div>
	The manifesto drafting committee (MDC) of the NC has already finalised the draft, the MDC has circulated the draft to the leaders of the party for a final call. According to NC sources, the party will make its manifesto public only after a couple of days.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Directly elected prez, PM from parliament&rdquo;</strong></span></div>
<div>
	The UCPN (Maoist) has proposed a directly elected presidential system and Prime Minister elected from the parliament to run the daily administration as the form of governance and 11-province model for the state restructuring. 11 autonomous provinces have been proposed based on ethnicity, language, identity, economic interrelations, infrastructure development, availability of natural resources and administrative accessibility. The 11 provinces include Seti-Mahakali, Bheri-Karnali, Magarat, Tamuwan, Tamsaling, Newa, Kirant, Limbuwan, Tharuwan, Madhesh and Kochila. Likewise, in its manifesto, the party has claimed to uplift the country&rsquo;s economic status to high level as well as ending poverty within 15 years. Unveiling its manifesto in capital last Saturday, UCPN (Maoist) chairperson Pushpa Kamal Dahal has pledged to implement the manifesto in a &lsquo;true sense&rsquo;.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SP bats two provinces in Madhes</strong></span></div>
<div>
	Amid demands of &lsquo;one Madhes, one province&rsquo; by the Madhes-based parties, SP has proposed two provinces in Madhes. SP has proposed that the whole Madhes be divided into two provinces&mdash; East and West of Narayani. Chairman of the SP, Rajendra Mahato, made the manifesto public organizing a press conference in the capital last Friday and said his party was for 10 states as proposed by State Restructuring Committee of the erstwhile CA. The party also proposed constitutional presidential system elected from both the houses of bicameral legislation and Prime Minister as the executive chief.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-Nepal for reinstatement of monarchy&nbsp;</strong></span></div>
<div>
	RPP-Nepal has reiterated its stand of reinstatement of constitutional monarchy, directly elected prime minister and liberal economic system. The party has also proposed its Chairman Kamal Thapa as its prime ministerial candidate for the elections. In its election manifesto made public on October 15, it has claimed that the roadmap of a republican set-up with federalism has become a complete failure. The party has proposed mixed election system.</div>
<div>
	&nbsp;</div>
<div>
	The RPP-N manifesto has proposed directly elected prime minister as executive head and calls for not making the same person the prime minister twice. The party has expressed its commitment that it will never organise general strikes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>EU poll observers at field</strong></span></div>
<div>
	Meanwhile, 34-member European Union Election Observation Mission (EU EOM) led by Chief Observer Eva Joly, a member of the European Parliament, have been deployed across the country as long term observers.</div>
<div>
	&nbsp;</div>
<div>
	The observers arrived in the country on October 13 to observe the Constituent Assembly election scheduled for November 19.The EU office here briefed the observers about the process and methods of election observations for three days before assigning them on duty.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Chief Observer Joly, shortly before the election, a group of 40 short-term observers together with a delegation of members of the European Parliament and locally-recruited short term observers from EU member state embassies will be joining the mission in order to observe voting, counting and tabulation of results.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The EU election observers are bound by a strict code of conduct that ensures their neutrality and impartibility. They do not interfere in the electoral process and have no authority to change or correct any shortcomings or to request changes during the election process.</div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-29',
			'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' => 'With the Constituent Assembly (CA) poll just a month away, most of the political parties have intensified poll campaigning for the polls without their election manifestos.  

So far, UCPN (Maoist), Rajendra Mahato-led Sadbhavana Party (SP), Kamal Thapa-led Rastriya Prajatantra Party- Nepal (RPP-Nepal), and a few other fringe parties, only have unveiled their election manifesto. RPP-Nepal was the first political party to come up publicly with its election manifesto on October 8 while the major parties like  Nepali Congress (NC) and CPN-UML are yet to make their manifesto public until this scribe went to press on Sunday.',
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		'Article' => array(
			'id' => '1933',
			'article_category_id' => '140',
			'title' => 'Weekly Round-UP (30 September - 6 October 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<ul>
	<li>
		In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system. Businessmen can now register their company at the service centre established at the district by district chambers of commerce and industry. The service centre will provide the service of company registration and renewal. Representatives of the private sector have hailed the agreement saying that this public-private partnership could ease their process for company registration.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The government has paved the way for Nepal Telecom (NT), a public entity, to bring in a strategic partner. The meeting of the Council of Ministers has cleared the decks for the government to sell a part of its stock in NT to the prospective strategic partner. Though the government has not decided the number of shares to be sold to the prospective partner, a technical committee formed last year had recommended the government to sell 30 per cent of its shares to such partner. Now, with the government&rsquo;s nod, NT will hire a consultant firm to prepare bid documents for finding a new strategic partner. Officials at the Ministry of Finance say that a recommendation made by the technical committee will be considered while developing standards for the prospective strategic partner. Amid stiff competition posed with the entry of private telecommunication service providers in the market, the new strategic partner for the state entity is expected to provide some external stimulus to drive the company forward.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Data has shown that the contribution of the financial sector to the Gross Domestic Product (GDP) of the country has remained constant for the last seven years. Though there has been a rise in the numbers of banks, banking access, deposit and loan amounts, the total contribution to the GDP each year since Fiscal Year 2006-07 to FY 2012-13 has remained around four per cent only. Stakeholders attribute the lack of investment friendly climate, political instability and investment areas, among others, behind such lackluster performance of the financial sector towards contributing to the GDP. This situation, economic analysts say, is very unfortunate for Nepal despite the possibility of it being an international financial hub.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		The Inland Revenue Department (IRD) has intensified the monitoring of the issuance of VAT bills against the backdrop of the Dashain festival. Though the IRD campaign to inspect the market in a bid to encourage customers and business firms to ask and issue VAT bills while buying goods and services is positive, the monitoring of the market on the eve of the festive seasons alone cannot ensure the full-practice of issuing a VAT bill. IRD had inspected 15,000 business enterprises last year during the Dashain festival, while it plans to monitor 20,000 business firms this year. This number is small among the total number of business firms in Nepal. Thus, analysts call for the widening of inspection in order to help plug revenue leakage.</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		As the Constituent Assembly election date scheduled for November 19 approaches nearer, the donation drive of political parties is causing terror in the business community. Political parties and their election candidates are searching for businessmen to manage the funds they need to contest for the polls. The problem has become so serious that many businessmen have now stopped answering phone calls from unknown numbers while other are changing their numbers frequently to avoid demands for donation. Businessmen have become a primary source for exorbitant donations mostly during the election.&nbsp;</li>
</ul>
<div>
	&nbsp;</div>
<ul>
	<li>
		Despite Nepal&rsquo;s better economic prospects, India&rsquo;s economic slowdown could hinder Nepal&rsquo;s economic performance, according to a prediction by the International Monetary Fund (IMF). The effect of the India&rsquo;s slowdown will also have an adverse impact in the financial sector as well as the overall economy. The IMF has recommended concerned authorities to tighten the monetary condition to reduce the gap between the interest rates in the two countries.</li>
</ul>',
			'published' => true,
			'created' => '2013-10-07',
			'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' => 'In what appears to be a sigh of relief to businessmen outside Kathmandu, they do not need to come to Kathmandu anymore for registering their company. According to an agreement struck between the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Office of Company Registrar last week, businessmen can register their companies from their own district through an online system.',
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