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Nepali Tea Gets 3 New Destinations

Nov 30, -0001 0 1 minutes 47 seconds to read

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21 Banks Subscribe To Thomson Reuters

Nov 30, -0001 0 1 minutes 58 seconds to read

…

Financial Literacy Initiative To Kick-off In Mid-April

Nov 30, -0001 0 3 minutes 7 seconds to read

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Vacancy Announcement

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NEPSE

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	Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association. He further informed that the tea is currently being exported to these places as a test. “We are planning to commercially export within a month,” he said. Nepali organic tea is currently exported to Germany, France, Czech Republic, Japan and some other countries.</p>
<p>
	Under the testing phase, four tea industries are exporting around seven quintals of tea monthly. &nbsp;Kanchanjangha Tea Estate, Himalayan Shangri-la Tea Producers, Gorkha Tea Estate and Guranse Tea Estate are exporting organic tea commercially. Mainali also shared that business representatives of respective countries are planning to visit Nepal for observation of Nepali tea industry. According to Mainali, all tea industries established for organic tea production still do not possess organic certificate. Countries like the USA, Japan and Australia among others have been providing certification. The association said that 16 industries are currently in the line of producing organic tea while only four industries have received organic certification. According to Mainali, in order to acquire organic certification, one industry must add about Rs 1.5 to 2 million investment. This year, Himalayan Shangri-la Tea Producers acquired ‘organic certification’, said Mainali, who is also the Director of the company. Previously, Kanchanjangha Tea Estate, Gorkha Tea State and Guranse Tea Estate had acquired organic certification.</p>
<p>
	‘A’ grade tea produced in Nepal is exported to third countries. The Association has informed that 300,000 kg of organic certified tea is produced annually in Nepal. “The demand for such tea in abroad is still high,” Mainali said. He further added, “Nepali companies are not being able to produce tea to meet the demand.” Tea industrialists say highly advanced technologies and skills are required for organic tea production in Nepal.&nbsp;</p>
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<p>
	Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX). This enables trading professionals to connect with one another, hold conversations about different FX products and prices, as well as conduct FX transactions.</p>
<p>
	According to the official press release issued by TR, this event will mark that the Nepali rupee trades on a global trading platform alongside major international currencies.&nbsp;</p>
<p>
	“The start of the dealing platform marks a move towards the automation in management of foreign exchange reserve in Nepal. It provides the Nepali banking sector with easy access to multiple counterparts at a time and helps to grasp the opportunities arising from changes in international financial markets. This will also maximize the efficiency of our people working in forex reserve management,” said Dr. Y.R. Khatiwada, Governor of Nepal Rastra Bank who officiated at a ceremony marking the occasion with the Nepal Bankers’ Association and the Foreign Exchange Dealers Association of Nepal.&nbsp;</p>
<p>
	“Thomson Reuters Dealing serves the world’s largest professional trading community and we are delighted to welcome these 21 Nepalese banks into that community,” said Sriram Ramnarayan, Vice President for Financial and Risk South Asia at Thomson Reuters. “This represents a new era in transparency, efficiency and automation in the way trades are executed in Nepal. The availability of real-time pricing information and automated trading processes will open up new opportunities for Nepal’s banks and enable them to tap into the global FX markets - the largest financial market in the world.”</p>
<p>
	Used by more than 18,000 trading professionals globally in more than 5,000 organisations across 120 countries, Thomson Reuters Dealing is the industry standard for FX trading professionals for price discovery, trade execution and seamless integration with back office processes.&nbsp;</p>
<p>
	Thomson Reuters has had a presence in Nepal for more than a decade working closely with the financial industry and the banking community and is the leading international financial provider to operate in the country in association with Nepal’s ICTC Group.</p>
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	Month-long Financial Literacy Initiative (FLI) will start in mid-April. It is an initiative taken for the first time in Nepal by Center for Economic and Financial Studies (CEFS), says coordinator of the initiative Olin Thakur. New Business Age Pvt Ltd will contribute to the event as an official media partner. “Financial Literacy Month Celebration” is a part of Financial Literacy Initiative, Thakur says, adding that the celebration includes various workshops, quiz/essay competitions, round table discussions, award distributions and various other financial awareness activities in various places across the nation.</p>
<p>
	“Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others,” according to organiser.Financial literacy encompasses both knowing about money matters and being equipped to utilize that knowledge by applying it across a range of contexts. What a person needs to know to be financially literate will vary depending upon their circumstances and needs.&nbsp;</p>
<p>
	Generally, however, it will involve an understanding of a person’s own values and priorities, budgeting, savings and how to manage money, credit, the importance of insurance and protecting against risk, investment basics and retirement planning along with others.</p>
<p>
	<strong>Why is it Important in context of Nepal?</strong></p>
<p>
	Good financial literacy skills help individuals and families make the most of opportunities, meet their goals and secure their financial wellbeing, as well as contribute to the economic health of society, Thakur claims. “Improved financial literacy can increase economic participation and social inclusion, drive competition and market efficiency in the financial services sector, and potentially reduce regulatory intervention.”</p>
<p>
	Individuals and households must have the tools to cope with the increasingly complex world of financial instruments. Moreover, financial education ensures poverty reduction and economic growth facility. So, financial literacy is becoming more necessary. Nevertheless, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus program in most countries around the globe, according to organiser.</p>
<p>
	Organiser says that Financial Literacy Initiative is to help Nepali people in understanding and addressing financial matters, and thereby contribute financial wellbeing; to promote and enhance financial capability among each; to enhance the present knowledge base; to manage financial resources effectively; to empower individuals to make informed choices, avoid pitfalls, know where to go for help; and take other actions to improve their present and long-term financial well-being.</p>
<p>
	“We believe that Financial literacy Initiative will be very crucial in helping the Nepali citizens of various age groups of Nepal to understand and adjust to the situation in which they are now to help them acknowledge themselves in a wiser way and find the loopholes and the gaps in their way of doing micro-macro financial transactions in their day to day lives,” Thakur further added.</p>
<p>
	<strong>Bridging Gaps&nbsp;</strong></p>
<p>
	It aims at facilitating them to bridge the gaps in their financial knowledge and understanding as well as enable them to manage their day to day transactions and future planning in a cost-time efficient ways be it the transaction of a rupee or a million. The event page can be found at social network website facebook by clicking: www.facebook.com/flinepal or official website of Center for Economic and Financial Studies (CEFS).</p>',
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<p class="Pa1">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal"><img alt="vacency" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/featured_banner.jpg" vspace="10" width="338" /><br />
	<br />
	One of our client is seeking a committed, dedicated and dynamic professionals for the following position.</span></span></p>
<p class="Pa0">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at: <br />
	</span></span></p>
<p class="Default">
	 </p>
<p class="Default">
	<strong><span style="color:windowtext">&nbsp;</span></strong></p>
<p class="MsoNormal">
	<strong><span class="A0"><span style="font-size:10.0pt;line-height:
115%;color:windowtext">Email : vacancyatminds@gmail.com within 10</span></span><sup><span style="font-size:5.5pt;line-height:115%;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;position:relative;
top:-3.5pt;mso-text-raise:3.5pt">th </span></sup><span class="A0"><span style="font-size:10.0pt;line-height:115%;color:windowtext">April, 2013.</span></span></strong></p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
normal;mso-layout-grid-align:none;text-autospace:none">
	<strong><span style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></strong><img alt="vacency" height="918" src="http://newbusinessage.com/ckfinder/userfiles/Images/nubizvacency.jpg" width="600" /><br />
	<br />
	 </p>
<p class="MsoNormal">
	<span new="" style="font-size:12.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:" times=""><span style="mso-spacerun:yes">&nbsp;</span></span><b><span style="font-size:11.5pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri">Position : Sales Director</span></b></p>
<p class="MsoNormal">
	<b><span style="font-size:11.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></b></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables: </span></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp; <br />
	</span></p>
<p>
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-fareast-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"><span style="mso-list:Ignore">i)<span new="" style="font:7.0pt " times="">&nbsp;&nbsp; </span></span></span><span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Select appropriate and optimum number of team members for the Division (if needed more than the current number of manpower in the department)</span><span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F"><br />
	&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ii) Co-ordinate the entire sales team. </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">iii) Structuralize and assign responsibilities creating appropriate hierarchy in the division</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">iv) Design, implement and facilitate short- and long-term strategic sales plans, process and budget <br />
	<br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">v) Designing special offers and schemes of selling</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vi) Execution and management of approved promotional activities/campaigns for brand image, promotion and to increase advertisement sales</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vii) Develop and implement programs to establish and maintain favorable community and public relations to enhance brand image and position.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">viii) Plan to organize the events and other relevant activities inviting the readers, advertisers and the stakeholders</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ix) Train the sales team members to make them understand and execute the sales vision and strategy </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">x) Make provision for periodic review of the performance of the team as a whole and also the individual member of the team</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
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	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">xi) Explore ways of improving existing products and services, and increase profitability.</span></p>
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	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
12.05pt;mso-layout-grid-align:none;text-autospace:none">
	<b><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Requirements:</span></b><br />
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"> <br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Eight to 10 years of managerial experience in senior positions in sales function, ideally (though not essential) in a media and communication organization</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Master of Business Administration and several years’ experience in the media industry</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Strong Marketing and Sales orientation </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Should be able to inspire and motivate the sales team and to create an achievement oriented environment within the company.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal">
	<b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Salary: Above Rs 50,000 to 100,000 per month + target incentives</span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;mso-line-height-alt:
11.05pt;mso-layout-grid-align:none;text-autospace:none">
	<span new="" style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
" times="">&nbsp;</span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at </span></p>
<p class="MsoNormal">
	<span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Email : vacancyatminds@gmail.com within 10</span></b><b><sup><span style="font-size:5.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F;position:relative;top:-3.5pt;mso-text-raise:3.5pt">th </span></sup></b><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">April, 2013.</span></b></p>
<p class="MsoNormal">
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-03-28',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables:',
			'sortorder' => '815',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '915',
			'article_category_id' => '34',
			'title' => 'Springwood, Everyday A New You',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks. Springwood range features shirts, T- shirts, trousers, jeans, sweaters and sweat shirts for different occasions. &nbsp;According to the company, the offer is valid for a limited period in all Springwood Exclusive Branded Outlets and other select outlets across the country.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks.',
			'sortorder' => '797',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '914',
			'article_category_id' => '34',
			'title' => 'John Players',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="John Players" height="63" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_john_players.jpg" width="269" /></p>
<p>
	John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels. During this offer period consumers can enjoy up to 50% on the select garments. John Players as a brand synonymous with class, exotic bouquet of the finest fabrics, and playfulness with style. John Players has its Exclusive Branded Outlets in Bluebird Mall, Kingsway, City Center, Putali Sadak, Maitidevi and Civil Mall.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels.',
			'sortorder' => '796',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '913',
			'article_category_id' => '34',
			'title' => 'Index Furniture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="Index Furniture" height="80" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_index_furniture.jpg" width="212" /></p>
<p>
	Index Furniture has announced its annual sale beginning March 1. The sale that offers 20 to 30 per cent discounts will last for two months. Discount is applicable on chairs, sofa, dining set, recliners and coffee tables.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Index Furniture has announced its annual sale beginning March 1.',
			'sortorder' => '795',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '908',
			'article_category_id' => '34',
			'title' => 'Revenue Increases Amidst Slow Economic Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="right" alt="Tax Assortment" height="380" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_tax_assortment.jpg" style="margin:0 0 0 10px;" width="267" />The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years. During the fiscal year 1997/98, Rs 32.94 billion revenue was collected while in the fiscal year 2011/12 the collection increased to Rs 244 billion. The government has targeted to collect Rs 289 billion in the current fiscal year. Director General of Inland Revenue Department (IRD), Tanka Mani Sharma is hopeful on meeting the target.&nbsp;</p>
<p style="text-align: justify;">
	The market is flooded with the imported consumer goods because of the increasing demands. &nbsp;Similarly, the consumerism has also increased much. Therefore, government is collecting huge amount of import taxes. The government campaigns on tax awareness along with ongoing institutional improvements have contributed for meeting the revenue targets, said Sharma. There were 0.3 million tax payers registered in 2006/2007 and in the running fiscal year, the number has increased to a total of 0.8 million.</p>
<p style="text-align: justify;">
	The IRD has also projected addition of 0.1 million tax payers in the current fiscal year. Sharma further adds, “The successful efforts to increase the tax bracket in the previous years have resulted in increasing revenue collection. If the informal sector can be brought under the tax bracket, the revenue collection can be increased by 25 per cent.”&nbsp;</p>
<p style="text-align: justify;">
	&nbsp;“The improvement in tax collection is a positive sign but the huge amount amassed as import taxes is a matter of stress”, say some economists. This means that more foreign items are entering into the Nepali market. &nbsp;This puts a negative impact on the foreign currency deposit of Nepal. Economists Keshav Acharya said, “The remittance is the main factor for increasing demand in the market, and the remittance is not invested for productive use.”</p>
<p style="text-align: justify;">
	In the last fiscal year, a huge amount was spent on importing vehicles and gadgets such as mobile phones and laptops. “The increase in import tax cannot be considered good in any economy. It may appear as a good source of revenue at present for the government but in a long run, the economy will have to face negative consequences,” Shree Ram Poudel, an Economist said. He further added, “Nepal is slowly &nbsp;catching the Dutch disease.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years.',
			'sortorder' => '790',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '907',
			'article_category_id' => '34',
			'title' => '44 Companies  De-listed from Nepse',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector. These companies are de-listed for not renewing and paying their annual listing fee and for not communicating with the Nepse.&nbsp;</p>
<p style="text-align: justify;">
	Nepse has stated that these companies were seen in financial problem. They have not gone for the liquidation but are not in existence. &nbsp;The investors are also not seen optimistic on the recovery of their investment and the governing bodies of these problematic companies are also seen eager to take action on them.&nbsp;</p>
<p style="text-align: justify;">
	Niranjan Phuyal, Senior Officer at Nepse has stated that, there is also not clear information about these companies. He also added that the chances of reviving of these companies have already gone into vein.&nbsp;</p>
<p style="text-align: justify;">
	Though the Nepse has a provision of trading the shares at Over-the-Counter for the companies which are not listed or de-listed for the benefit of the general investors, this is not practical in case of this companies as they are virtually non-existent.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector.',
			'sortorder' => '789',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '906',
			'article_category_id' => '34',
			'title' => 'IFC Supports Faster And Easier Business Registration In Nepal To Spur Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="International Finance Corporation" height="51" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_ifc.jpg" width="302" /></p>
<p style="text-align: justify;">
	International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.</p>
<p style="text-align: justify;">
	A faster, streamlined and automated business registration process will help companies apply and file for registration online, curtailing uncertainty and processing time. The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian agency for Development Cooperation, has supported this initiative.</p>
<p style="text-align: justify;">
	“The Government of Nepal is committed to providing services to citizens and businesses at their doorstep,” said Anil Kumar Jha, Nepal’s Minister for Industry. “This IFC-supported automation project has enhanced transparency and accountability in service delivery for businesses, taking a step towards promoting good governance.”</p>
<p style="text-align: justify;">
	On average, almost 10,000 new companies are registered annually in Nepal. According to the Doing Business Report 2013, the process now takes 21 days instead of 29 days it took earlier, thanks to a 7-step internal procedure in place of the 15 earlier.</p>
<p style="text-align: justify;">
	The automated system offers a host of e-services including the option to update documents. “IFC has played a catalytic role in this major automation initiative. It can now be replicated in other areas affecting businesses,” said Valentino S. Bagatsing, IFC Resident Representative in Nepal. “Facilitating private sector growth through a supportive business environment has been a key focus of IFC programs in Nepal.”</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.',
			'sortorder' => '788',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '905',
			'article_category_id' => '34',
			'title' => 'FNCCI To Build Exhibition Centre',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="left" alt="Federation of Nepalese Chamber of Commerce and Industry" height="130" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_fncci.jpg" style="margin:0 10px 0 0;" width="120" />Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu. According to the Office of the Prime Minister, the cabinet meeting held on February 15 has decided to lease 82 ropanis land of the park to FNCCI for the construction of the exhibition centre. Similarly, the office has also directed the UN Park Development Committee to complete the necessary procedures for construction of the centre.</p>
<p style="text-align: justify;">
	Bhaskar Raj Rajkarnikar, Senior Vice President of the FNCCI said that, the construction will begin from the next fiscal year. “Designing of the exhibition centre is underway. The centre will come into operation within two years after the construction begins” he revealed.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI had demanded 150 ropanis of land for the construction of the centre. Rajkarnikar said that, the necessary infrastructures will be developed in the land provided by the government. According to Bhawani Rana, Vice President of FNCCI, the construction of the centre will cost Rs 1 billion. “The investment will solely be made by the FNCCI,” she said. The centre will have exhibition area and convention hall.</p>
<p style="text-align: justify;">
	According to Rana, plan to develop a new exhibition centre was formulated as the one in Bhrikutimandap is felt narrow and additional amenities. The soon to be constructed centre will have special provision for vehicle parking. The FNCCI says that, the centre will also offer a venue for organising international programmes and events.</p>
<p style="text-align: justify;">
	The Ministry of Urban Development expressed hope that the centre will be an appropriate venue to hold large trade expos. Spokesperson of the ministry, Suresh Prakash Acharya said that, the present exhibition hall at Bhrikutimandap will be used to hold small expos. He said that, though the government will not have any direct investment on the centre, it will provide necessary technical support.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu.',
			'sortorder' => '787',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '904',
			'article_category_id' => '34',
			'title' => 'Four Financial Institutions Merge To Make Apex Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="Apex Bank Ltd" height="115" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_apexbank.jpg" width="504" /></p>
<p style="text-align: justify;">
	After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”. &nbsp;These institutions signed on Memorandum of Understanding (MoU) on Feb. 27, 2013.&nbsp;</p>
<p style="text-align: justify;">
	Rameshwor Thapa, coordinator of the merger has stated that after the merger, the newly formed commercial bank will come to operation after they get the approval from the central bank, Nepal Rastra Bank (NRB). He also added that they have got the approval from NRB to expand branches within a year. &nbsp;</p>
<p style="text-align: justify;">
	After the completion of the merger the new bank will have a total of 43 branches with total of 315 employees. The financial institutions are on discussion for selecting the Chief Executive Officer for the new Bank. Moreover, the trading of the shares of these financial institutions has been suspended for the purposes of merger by Npese.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”.',
			'sortorder' => '786',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '903',
			'article_category_id' => '34',
			'title' => '79% Remittance Goes For Consumption',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually. According to the Nepal Living Standards Survey 2011, published by Central Bureau of Statistics, 79 per cent of all the remittance is used for consumption purpose.&nbsp;</p>
<p style="text-align: justify;">
	According to the 2011 Census report, there are 1.92 million missing population which means they are living outside the country. The census report of 2001 says that there were only 762,181 missing population, a decade ago.&nbsp;</p>
<p style="text-align: justify;">
	Experts say that those who choose foreign employment basically belong to rural areas and are from a poor family. So, their first requirement is fulfilling their basic needs – food, clothes and shelter. So, majority of the remittance goes for meeting those basic requirements. Suman Pokharel, CEO of International Money Express said it is usual for remittance being used more for consumption. “It is the first preference for those who have difficulty in meeting their basic needs to fulfil their requirements. So, it should not be taken otherwise,” he said.</p>
<p style="text-align: justify;">
	People having thatched roof have upgraded to galvanised sheet, better quality food grains, better clothing and have purchase mobile phones and televisions. Pokharel, however accepts that the remittance has been used for unnecessary expenditures lately.&nbsp;</p>
<p style="text-align: justify;">
	To control the unproductive use of remittance, the central bank had come up with idea of bonds targeting migrant workers but according to Bhaskar Mani Gyawali, Spokesperson of Nepal Rastra Bank, none of the companies have requested the release of the bonds. According to the census report, 55.8 per cent households receive remittance with an average of Rs 80,436 per each household.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually.',
			'sortorder' => '785',
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	<img align="left" alt="Fcube Cinemas" height="190" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/fcube_cinemas.jpg" style="margin:0 10px 0 0;" width="200" /></p>
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	Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29. To take part in the contest, the participant needs to take a photo at the premises of the multiplex and upload it on the official Facebook page of Fcube Cinemas. They can upload the photo using free Wi-Fi at the multiplex itself. The participant getting the maximum number of ‘Likes’ on his/her photo by the end of March will be the winner of the contest. The winner will receive an iPhone5.</p>
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	Dabur has introduced a new offer on Real juice named ‘Real Shubha Bibaha Offer” for this wedding season. With this offer, customers will get one carton Real juice free on the purchase of two cartons of Real Juice. The offer is applicable for the cartons of one liter Real juice. The company has informed that this offer is valid for a limited stock in Kathmandu valley only.</p>
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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			'title' => 'Nepali Tea Gets 3 New Destinations',
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<p>
	Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association. He further informed that the tea is currently being exported to these places as a test. “We are planning to commercially export within a month,” he said. Nepali organic tea is currently exported to Germany, France, Czech Republic, Japan and some other countries.</p>
<p>
	Under the testing phase, four tea industries are exporting around seven quintals of tea monthly. &nbsp;Kanchanjangha Tea Estate, Himalayan Shangri-la Tea Producers, Gorkha Tea Estate and Guranse Tea Estate are exporting organic tea commercially. Mainali also shared that business representatives of respective countries are planning to visit Nepal for observation of Nepali tea industry. According to Mainali, all tea industries established for organic tea production still do not possess organic certificate. Countries like the USA, Japan and Australia among others have been providing certification. The association said that 16 industries are currently in the line of producing organic tea while only four industries have received organic certification. According to Mainali, in order to acquire organic certification, one industry must add about Rs 1.5 to 2 million investment. This year, Himalayan Shangri-la Tea Producers acquired ‘organic certification’, said Mainali, who is also the Director of the company. Previously, Kanchanjangha Tea Estate, Gorkha Tea State and Guranse Tea Estate had acquired organic certification.</p>
<p>
	‘A’ grade tea produced in Nepal is exported to third countries. The Association has informed that 300,000 kg of organic certified tea is produced annually in Nepal. “The demand for such tea in abroad is still high,” Mainali said. He further added, “Nepali companies are not being able to produce tea to meet the demand.” Tea industrialists say highly advanced technologies and skills are required for organic tea production in Nepal.&nbsp;</p>
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			'description' => 'Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association.',
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			'title' => '21 Banks Subscribe To Thomson Reuters',
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	<img alt="Thomsom Reuters, New Business Age" height="181" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz_news_banking_thomson_reuters.jpg" width="338" /></p>
<p>
	Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX). This enables trading professionals to connect with one another, hold conversations about different FX products and prices, as well as conduct FX transactions.</p>
<p>
	According to the official press release issued by TR, this event will mark that the Nepali rupee trades on a global trading platform alongside major international currencies.&nbsp;</p>
<p>
	“The start of the dealing platform marks a move towards the automation in management of foreign exchange reserve in Nepal. It provides the Nepali banking sector with easy access to multiple counterparts at a time and helps to grasp the opportunities arising from changes in international financial markets. This will also maximize the efficiency of our people working in forex reserve management,” said Dr. Y.R. Khatiwada, Governor of Nepal Rastra Bank who officiated at a ceremony marking the occasion with the Nepal Bankers’ Association and the Foreign Exchange Dealers Association of Nepal.&nbsp;</p>
<p>
	“Thomson Reuters Dealing serves the world’s largest professional trading community and we are delighted to welcome these 21 Nepalese banks into that community,” said Sriram Ramnarayan, Vice President for Financial and Risk South Asia at Thomson Reuters. “This represents a new era in transparency, efficiency and automation in the way trades are executed in Nepal. The availability of real-time pricing information and automated trading processes will open up new opportunities for Nepal’s banks and enable them to tap into the global FX markets - the largest financial market in the world.”</p>
<p>
	Used by more than 18,000 trading professionals globally in more than 5,000 organisations across 120 countries, Thomson Reuters Dealing is the industry standard for FX trading professionals for price discovery, trade execution and seamless integration with back office processes.&nbsp;</p>
<p>
	Thomson Reuters has had a presence in Nepal for more than a decade working closely with the financial industry and the banking community and is the leading international financial provider to operate in the country in association with Nepal’s ICTC Group.</p>
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<p>
	<img alt="Financial Literacy Initiative, April 2013" height="172" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/biz_news_financial_literacy_initiative.jpg" width="380" /></p>
<p>
	Month-long Financial Literacy Initiative (FLI) will start in mid-April. It is an initiative taken for the first time in Nepal by Center for Economic and Financial Studies (CEFS), says coordinator of the initiative Olin Thakur. New Business Age Pvt Ltd will contribute to the event as an official media partner. “Financial Literacy Month Celebration” is a part of Financial Literacy Initiative, Thakur says, adding that the celebration includes various workshops, quiz/essay competitions, round table discussions, award distributions and various other financial awareness activities in various places across the nation.</p>
<p>
	“Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others,” according to organiser.Financial literacy encompasses both knowing about money matters and being equipped to utilize that knowledge by applying it across a range of contexts. What a person needs to know to be financially literate will vary depending upon their circumstances and needs.&nbsp;</p>
<p>
	Generally, however, it will involve an understanding of a person’s own values and priorities, budgeting, savings and how to manage money, credit, the importance of insurance and protecting against risk, investment basics and retirement planning along with others.</p>
<p>
	<strong>Why is it Important in context of Nepal?</strong></p>
<p>
	Good financial literacy skills help individuals and families make the most of opportunities, meet their goals and secure their financial wellbeing, as well as contribute to the economic health of society, Thakur claims. “Improved financial literacy can increase economic participation and social inclusion, drive competition and market efficiency in the financial services sector, and potentially reduce regulatory intervention.”</p>
<p>
	Individuals and households must have the tools to cope with the increasingly complex world of financial instruments. Moreover, financial education ensures poverty reduction and economic growth facility. So, financial literacy is becoming more necessary. Nevertheless, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus program in most countries around the globe, according to organiser.</p>
<p>
	Organiser says that Financial Literacy Initiative is to help Nepali people in understanding and addressing financial matters, and thereby contribute financial wellbeing; to promote and enhance financial capability among each; to enhance the present knowledge base; to manage financial resources effectively; to empower individuals to make informed choices, avoid pitfalls, know where to go for help; and take other actions to improve their present and long-term financial well-being.</p>
<p>
	“We believe that Financial literacy Initiative will be very crucial in helping the Nepali citizens of various age groups of Nepal to understand and adjust to the situation in which they are now to help them acknowledge themselves in a wiser way and find the loopholes and the gaps in their way of doing micro-macro financial transactions in their day to day lives,” Thakur further added.</p>
<p>
	<strong>Bridging Gaps&nbsp;</strong></p>
<p>
	It aims at facilitating them to bridge the gaps in their financial knowledge and understanding as well as enable them to manage their day to day transactions and future planning in a cost-time efficient ways be it the transaction of a rupee or a million. The event page can be found at social network website facebook by clicking: www.facebook.com/flinepal or official website of Center for Economic and Financial Studies (CEFS).</p>',
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<p class="Pa1">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal"><img alt="vacency" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/featured_banner.jpg" vspace="10" width="338" /><br />
	<br />
	One of our client is seeking a committed, dedicated and dynamic professionals for the following position.</span></span></p>
<p class="Pa0">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at: <br />
	</span></span></p>
<p class="Default">
	 </p>
<p class="Default">
	<strong><span style="color:windowtext">&nbsp;</span></strong></p>
<p class="MsoNormal">
	<strong><span class="A0"><span style="font-size:10.0pt;line-height:
115%;color:windowtext">Email : vacancyatminds@gmail.com within 10</span></span><sup><span style="font-size:5.5pt;line-height:115%;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;position:relative;
top:-3.5pt;mso-text-raise:3.5pt">th </span></sup><span class="A0"><span style="font-size:10.0pt;line-height:115%;color:windowtext">April, 2013.</span></span></strong></p>
<p class="MsoNormal">
	 </p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
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	<strong><span style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></strong><img alt="vacency" height="918" src="http://newbusinessage.com/ckfinder/userfiles/Images/nubizvacency.jpg" width="600" /><br />
	<br />
	 </p>
<p class="MsoNormal">
	<span new="" style="font-size:12.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:" times=""><span style="mso-spacerun:yes">&nbsp;</span></span><b><span style="font-size:11.5pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri">Position : Sales Director</span></b></p>
<p class="MsoNormal">
	<b><span style="font-size:11.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></b></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables: </span></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp; <br />
	</span></p>
<p>
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-fareast-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"><span style="mso-list:Ignore">i)<span new="" style="font:7.0pt " times="">&nbsp;&nbsp; </span></span></span><span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Select appropriate and optimum number of team members for the Division (if needed more than the current number of manpower in the department)</span><span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F"><br />
	&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ii) Co-ordinate the entire sales team. </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">iii) Structuralize and assign responsibilities creating appropriate hierarchy in the division</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">iv) Design, implement and facilitate short- and long-term strategic sales plans, process and budget <br />
	<br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">v) Designing special offers and schemes of selling</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vi) Execution and management of approved promotional activities/campaigns for brand image, promotion and to increase advertisement sales</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vii) Develop and implement programs to establish and maintain favorable community and public relations to enhance brand image and position.</span></p>
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margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">viii) Plan to organize the events and other relevant activities inviting the readers, advertisers and the stakeholders</span></p>
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
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mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">x) Make provision for periodic review of the performance of the team as a whole and also the individual member of the team</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">xi) Explore ways of improving existing products and services, and increase profitability.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
12.05pt;mso-layout-grid-align:none;text-autospace:none">
	<b><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Requirements:</span></b><br />
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"> <br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Eight to 10 years of managerial experience in senior positions in sales function, ideally (though not essential) in a media and communication organization</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Master of Business Administration and several years’ experience in the media industry</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Strong Marketing and Sales orientation </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Should be able to inspire and motivate the sales team and to create an achievement oriented environment within the company.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal">
	<b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Salary: Above Rs 50,000 to 100,000 per month + target incentives</span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;mso-line-height-alt:
11.05pt;mso-layout-grid-align:none;text-autospace:none">
	<span new="" style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
" times="">&nbsp;</span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at </span></p>
<p class="MsoNormal">
	<span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Email : vacancyatminds@gmail.com within 10</span></b><b><sup><span style="font-size:5.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F;position:relative;top:-3.5pt;mso-text-raise:3.5pt">th </span></sup></b><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">April, 2013.</span></b></p>
<p class="MsoNormal">
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-03-28',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables:',
			'sortorder' => '815',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '915',
			'article_category_id' => '34',
			'title' => 'Springwood, Everyday A New You',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks. Springwood range features shirts, T- shirts, trousers, jeans, sweaters and sweat shirts for different occasions. &nbsp;According to the company, the offer is valid for a limited period in all Springwood Exclusive Branded Outlets and other select outlets across the country.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks.',
			'sortorder' => '797',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '914',
			'article_category_id' => '34',
			'title' => 'John Players',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="John Players" height="63" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_john_players.jpg" width="269" /></p>
<p>
	John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels. During this offer period consumers can enjoy up to 50% on the select garments. John Players as a brand synonymous with class, exotic bouquet of the finest fabrics, and playfulness with style. John Players has its Exclusive Branded Outlets in Bluebird Mall, Kingsway, City Center, Putali Sadak, Maitidevi and Civil Mall.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels.',
			'sortorder' => '796',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '913',
			'article_category_id' => '34',
			'title' => 'Index Furniture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="Index Furniture" height="80" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_index_furniture.jpg" width="212" /></p>
<p>
	Index Furniture has announced its annual sale beginning March 1. The sale that offers 20 to 30 per cent discounts will last for two months. Discount is applicable on chairs, sofa, dining set, recliners and coffee tables.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Index Furniture has announced its annual sale beginning March 1.',
			'sortorder' => '795',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '908',
			'article_category_id' => '34',
			'title' => 'Revenue Increases Amidst Slow Economic Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="right" alt="Tax Assortment" height="380" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_tax_assortment.jpg" style="margin:0 0 0 10px;" width="267" />The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years. During the fiscal year 1997/98, Rs 32.94 billion revenue was collected while in the fiscal year 2011/12 the collection increased to Rs 244 billion. The government has targeted to collect Rs 289 billion in the current fiscal year. Director General of Inland Revenue Department (IRD), Tanka Mani Sharma is hopeful on meeting the target.&nbsp;</p>
<p style="text-align: justify;">
	The market is flooded with the imported consumer goods because of the increasing demands. &nbsp;Similarly, the consumerism has also increased much. Therefore, government is collecting huge amount of import taxes. The government campaigns on tax awareness along with ongoing institutional improvements have contributed for meeting the revenue targets, said Sharma. There were 0.3 million tax payers registered in 2006/2007 and in the running fiscal year, the number has increased to a total of 0.8 million.</p>
<p style="text-align: justify;">
	The IRD has also projected addition of 0.1 million tax payers in the current fiscal year. Sharma further adds, “The successful efforts to increase the tax bracket in the previous years have resulted in increasing revenue collection. If the informal sector can be brought under the tax bracket, the revenue collection can be increased by 25 per cent.”&nbsp;</p>
<p style="text-align: justify;">
	&nbsp;“The improvement in tax collection is a positive sign but the huge amount amassed as import taxes is a matter of stress”, say some economists. This means that more foreign items are entering into the Nepali market. &nbsp;This puts a negative impact on the foreign currency deposit of Nepal. Economists Keshav Acharya said, “The remittance is the main factor for increasing demand in the market, and the remittance is not invested for productive use.”</p>
<p style="text-align: justify;">
	In the last fiscal year, a huge amount was spent on importing vehicles and gadgets such as mobile phones and laptops. “The increase in import tax cannot be considered good in any economy. It may appear as a good source of revenue at present for the government but in a long run, the economy will have to face negative consequences,” Shree Ram Poudel, an Economist said. He further added, “Nepal is slowly &nbsp;catching the Dutch disease.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years.',
			'sortorder' => '790',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '907',
			'article_category_id' => '34',
			'title' => '44 Companies  De-listed from Nepse',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector. These companies are de-listed for not renewing and paying their annual listing fee and for not communicating with the Nepse.&nbsp;</p>
<p style="text-align: justify;">
	Nepse has stated that these companies were seen in financial problem. They have not gone for the liquidation but are not in existence. &nbsp;The investors are also not seen optimistic on the recovery of their investment and the governing bodies of these problematic companies are also seen eager to take action on them.&nbsp;</p>
<p style="text-align: justify;">
	Niranjan Phuyal, Senior Officer at Nepse has stated that, there is also not clear information about these companies. He also added that the chances of reviving of these companies have already gone into vein.&nbsp;</p>
<p style="text-align: justify;">
	Though the Nepse has a provision of trading the shares at Over-the-Counter for the companies which are not listed or de-listed for the benefit of the general investors, this is not practical in case of this companies as they are virtually non-existent.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector.',
			'sortorder' => '789',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '906',
			'article_category_id' => '34',
			'title' => 'IFC Supports Faster And Easier Business Registration In Nepal To Spur Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="International Finance Corporation" height="51" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_ifc.jpg" width="302" /></p>
<p style="text-align: justify;">
	International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.</p>
<p style="text-align: justify;">
	A faster, streamlined and automated business registration process will help companies apply and file for registration online, curtailing uncertainty and processing time. The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian agency for Development Cooperation, has supported this initiative.</p>
<p style="text-align: justify;">
	“The Government of Nepal is committed to providing services to citizens and businesses at their doorstep,” said Anil Kumar Jha, Nepal’s Minister for Industry. “This IFC-supported automation project has enhanced transparency and accountability in service delivery for businesses, taking a step towards promoting good governance.”</p>
<p style="text-align: justify;">
	On average, almost 10,000 new companies are registered annually in Nepal. According to the Doing Business Report 2013, the process now takes 21 days instead of 29 days it took earlier, thanks to a 7-step internal procedure in place of the 15 earlier.</p>
<p style="text-align: justify;">
	The automated system offers a host of e-services including the option to update documents. “IFC has played a catalytic role in this major automation initiative. It can now be replicated in other areas affecting businesses,” said Valentino S. Bagatsing, IFC Resident Representative in Nepal. “Facilitating private sector growth through a supportive business environment has been a key focus of IFC programs in Nepal.”</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.',
			'sortorder' => '788',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '905',
			'article_category_id' => '34',
			'title' => 'FNCCI To Build Exhibition Centre',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="left" alt="Federation of Nepalese Chamber of Commerce and Industry" height="130" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_fncci.jpg" style="margin:0 10px 0 0;" width="120" />Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu. According to the Office of the Prime Minister, the cabinet meeting held on February 15 has decided to lease 82 ropanis land of the park to FNCCI for the construction of the exhibition centre. Similarly, the office has also directed the UN Park Development Committee to complete the necessary procedures for construction of the centre.</p>
<p style="text-align: justify;">
	Bhaskar Raj Rajkarnikar, Senior Vice President of the FNCCI said that, the construction will begin from the next fiscal year. “Designing of the exhibition centre is underway. The centre will come into operation within two years after the construction begins” he revealed.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI had demanded 150 ropanis of land for the construction of the centre. Rajkarnikar said that, the necessary infrastructures will be developed in the land provided by the government. According to Bhawani Rana, Vice President of FNCCI, the construction of the centre will cost Rs 1 billion. “The investment will solely be made by the FNCCI,” she said. The centre will have exhibition area and convention hall.</p>
<p style="text-align: justify;">
	According to Rana, plan to develop a new exhibition centre was formulated as the one in Bhrikutimandap is felt narrow and additional amenities. The soon to be constructed centre will have special provision for vehicle parking. The FNCCI says that, the centre will also offer a venue for organising international programmes and events.</p>
<p style="text-align: justify;">
	The Ministry of Urban Development expressed hope that the centre will be an appropriate venue to hold large trade expos. Spokesperson of the ministry, Suresh Prakash Acharya said that, the present exhibition hall at Bhrikutimandap will be used to hold small expos. He said that, though the government will not have any direct investment on the centre, it will provide necessary technical support.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu.',
			'sortorder' => '787',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '904',
			'article_category_id' => '34',
			'title' => 'Four Financial Institutions Merge To Make Apex Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="Apex Bank Ltd" height="115" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_apexbank.jpg" width="504" /></p>
<p style="text-align: justify;">
	After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”. &nbsp;These institutions signed on Memorandum of Understanding (MoU) on Feb. 27, 2013.&nbsp;</p>
<p style="text-align: justify;">
	Rameshwor Thapa, coordinator of the merger has stated that after the merger, the newly formed commercial bank will come to operation after they get the approval from the central bank, Nepal Rastra Bank (NRB). He also added that they have got the approval from NRB to expand branches within a year. &nbsp;</p>
<p style="text-align: justify;">
	After the completion of the merger the new bank will have a total of 43 branches with total of 315 employees. The financial institutions are on discussion for selecting the Chief Executive Officer for the new Bank. Moreover, the trading of the shares of these financial institutions has been suspended for the purposes of merger by Npese.</p>',
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	Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually. According to the Nepal Living Standards Survey 2011, published by Central Bureau of Statistics, 79 per cent of all the remittance is used for consumption purpose.&nbsp;</p>
<p style="text-align: justify;">
	According to the 2011 Census report, there are 1.92 million missing population which means they are living outside the country. The census report of 2001 says that there were only 762,181 missing population, a decade ago.&nbsp;</p>
<p style="text-align: justify;">
	Experts say that those who choose foreign employment basically belong to rural areas and are from a poor family. So, their first requirement is fulfilling their basic needs – food, clothes and shelter. So, majority of the remittance goes for meeting those basic requirements. Suman Pokharel, CEO of International Money Express said it is usual for remittance being used more for consumption. “It is the first preference for those who have difficulty in meeting their basic needs to fulfil their requirements. So, it should not be taken otherwise,” he said.</p>
<p style="text-align: justify;">
	People having thatched roof have upgraded to galvanised sheet, better quality food grains, better clothing and have purchase mobile phones and televisions. Pokharel, however accepts that the remittance has been used for unnecessary expenditures lately.&nbsp;</p>
<p style="text-align: justify;">
	To control the unproductive use of remittance, the central bank had come up with idea of bonds targeting migrant workers but according to Bhaskar Mani Gyawali, Spokesperson of Nepal Rastra Bank, none of the companies have requested the release of the bonds. According to the census report, 55.8 per cent households receive remittance with an average of Rs 80,436 per each household.</p>
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	<img align="left" alt="Fcube Cinemas" height="190" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/fcube_cinemas.jpg" style="margin:0 10px 0 0;" width="200" /></p>
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	Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29. To take part in the contest, the participant needs to take a photo at the premises of the multiplex and upload it on the official Facebook page of Fcube Cinemas. They can upload the photo using free Wi-Fi at the multiplex itself. The participant getting the maximum number of ‘Likes’ on his/her photo by the end of March will be the winner of the contest. The winner will receive an iPhone5.</p>
<p style="text-align: justify;">
	 </p>
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	 </p>',
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			'description' => 'Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29.',
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	<img alt="Real Dabur" height="212" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/dabur_offer.jpg" width="364" /></p>
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	Dabur has introduced a new offer on Real juice named ‘Real Shubha Bibaha Offer” for this wedding season. With this offer, customers will get one carton Real juice free on the purchase of two cartons of Real Juice. The offer is applicable for the cartons of one liter Real juice. The company has informed that this offer is valid for a limited stock in Kathmandu valley only.</p>
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			'id' => '972',
			'article_category_id' => '34',
			'title' => 'Nepali Tea Gets 3 New Destinations',
			'sub_title' => '',
			'summary' => null,
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<p>
	<img alt="Nepal Tea, Illam, New Business Age" height="356" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz_news_economy_tea.jpg" width="600" /></p>
<p>
	Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association. He further informed that the tea is currently being exported to these places as a test. “We are planning to commercially export within a month,” he said. Nepali organic tea is currently exported to Germany, France, Czech Republic, Japan and some other countries.</p>
<p>
	Under the testing phase, four tea industries are exporting around seven quintals of tea monthly. &nbsp;Kanchanjangha Tea Estate, Himalayan Shangri-la Tea Producers, Gorkha Tea Estate and Guranse Tea Estate are exporting organic tea commercially. Mainali also shared that business representatives of respective countries are planning to visit Nepal for observation of Nepali tea industry. According to Mainali, all tea industries established for organic tea production still do not possess organic certificate. Countries like the USA, Japan and Australia among others have been providing certification. The association said that 16 industries are currently in the line of producing organic tea while only four industries have received organic certification. According to Mainali, in order to acquire organic certification, one industry must add about Rs 1.5 to 2 million investment. This year, Himalayan Shangri-la Tea Producers acquired ‘organic certification’, said Mainali, who is also the Director of the company. Previously, Kanchanjangha Tea Estate, Gorkha Tea State and Guranse Tea Estate had acquired organic certification.</p>
<p>
	‘A’ grade tea produced in Nepal is exported to third countries. The Association has informed that 300,000 kg of organic certified tea is produced annually in Nepal. “The demand for such tea in abroad is still high,” Mainali said. He further added, “Nepali companies are not being able to produce tea to meet the demand.” Tea industrialists say highly advanced technologies and skills are required for organic tea production in Nepal.&nbsp;</p>
<div>
	 </div>',
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			'created' => '2013-04-20',
			'modified' => '2013-06-03',
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			'description' => 'Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association.',
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			'title' => '21 Banks Subscribe To Thomson Reuters',
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			'content' => '<p>
	 </p>
<p>
	<img alt="Thomsom Reuters, New Business Age" height="181" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz_news_banking_thomson_reuters.jpg" width="338" /></p>
<p>
	Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX). This enables trading professionals to connect with one another, hold conversations about different FX products and prices, as well as conduct FX transactions.</p>
<p>
	According to the official press release issued by TR, this event will mark that the Nepali rupee trades on a global trading platform alongside major international currencies.&nbsp;</p>
<p>
	“The start of the dealing platform marks a move towards the automation in management of foreign exchange reserve in Nepal. It provides the Nepali banking sector with easy access to multiple counterparts at a time and helps to grasp the opportunities arising from changes in international financial markets. This will also maximize the efficiency of our people working in forex reserve management,” said Dr. Y.R. Khatiwada, Governor of Nepal Rastra Bank who officiated at a ceremony marking the occasion with the Nepal Bankers’ Association and the Foreign Exchange Dealers Association of Nepal.&nbsp;</p>
<p>
	“Thomson Reuters Dealing serves the world’s largest professional trading community and we are delighted to welcome these 21 Nepalese banks into that community,” said Sriram Ramnarayan, Vice President for Financial and Risk South Asia at Thomson Reuters. “This represents a new era in transparency, efficiency and automation in the way trades are executed in Nepal. The availability of real-time pricing information and automated trading processes will open up new opportunities for Nepal’s banks and enable them to tap into the global FX markets - the largest financial market in the world.”</p>
<p>
	Used by more than 18,000 trading professionals globally in more than 5,000 organisations across 120 countries, Thomson Reuters Dealing is the industry standard for FX trading professionals for price discovery, trade execution and seamless integration with back office processes.&nbsp;</p>
<p>
	Thomson Reuters has had a presence in Nepal for more than a decade working closely with the financial industry and the banking community and is the leading international financial provider to operate in the country in association with Nepal’s ICTC Group.</p>
<div>
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			'description' => 'Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX).',
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			'title' => 'Financial Literacy Initiative To Kick-off In Mid-April',
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<p>
	<img alt="Financial Literacy Initiative, April 2013" height="172" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/biz_news_financial_literacy_initiative.jpg" width="380" /></p>
<p>
	Month-long Financial Literacy Initiative (FLI) will start in mid-April. It is an initiative taken for the first time in Nepal by Center for Economic and Financial Studies (CEFS), says coordinator of the initiative Olin Thakur. New Business Age Pvt Ltd will contribute to the event as an official media partner. “Financial Literacy Month Celebration” is a part of Financial Literacy Initiative, Thakur says, adding that the celebration includes various workshops, quiz/essay competitions, round table discussions, award distributions and various other financial awareness activities in various places across the nation.</p>
<p>
	“Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others,” according to organiser.Financial literacy encompasses both knowing about money matters and being equipped to utilize that knowledge by applying it across a range of contexts. What a person needs to know to be financially literate will vary depending upon their circumstances and needs.&nbsp;</p>
<p>
	Generally, however, it will involve an understanding of a person’s own values and priorities, budgeting, savings and how to manage money, credit, the importance of insurance and protecting against risk, investment basics and retirement planning along with others.</p>
<p>
	<strong>Why is it Important in context of Nepal?</strong></p>
<p>
	Good financial literacy skills help individuals and families make the most of opportunities, meet their goals and secure their financial wellbeing, as well as contribute to the economic health of society, Thakur claims. “Improved financial literacy can increase economic participation and social inclusion, drive competition and market efficiency in the financial services sector, and potentially reduce regulatory intervention.”</p>
<p>
	Individuals and households must have the tools to cope with the increasingly complex world of financial instruments. Moreover, financial education ensures poverty reduction and economic growth facility. So, financial literacy is becoming more necessary. Nevertheless, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus program in most countries around the globe, according to organiser.</p>
<p>
	Organiser says that Financial Literacy Initiative is to help Nepali people in understanding and addressing financial matters, and thereby contribute financial wellbeing; to promote and enhance financial capability among each; to enhance the present knowledge base; to manage financial resources effectively; to empower individuals to make informed choices, avoid pitfalls, know where to go for help; and take other actions to improve their present and long-term financial well-being.</p>
<p>
	“We believe that Financial literacy Initiative will be very crucial in helping the Nepali citizens of various age groups of Nepal to understand and adjust to the situation in which they are now to help them acknowledge themselves in a wiser way and find the loopholes and the gaps in their way of doing micro-macro financial transactions in their day to day lives,” Thakur further added.</p>
<p>
	<strong>Bridging Gaps&nbsp;</strong></p>
<p>
	It aims at facilitating them to bridge the gaps in their financial knowledge and understanding as well as enable them to manage their day to day transactions and future planning in a cost-time efficient ways be it the transaction of a rupee or a million. The event page can be found at social network website facebook by clicking: www.facebook.com/flinepal or official website of Center for Economic and Financial Studies (CEFS).</p>',
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			'title' => 'Vacancy Announcement',
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<p class="Pa1">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal"><img alt="vacency" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/featured_banner.jpg" vspace="10" width="338" /><br />
	<br />
	One of our client is seeking a committed, dedicated and dynamic professionals for the following position.</span></span></p>
<p class="Pa0">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at: <br />
	</span></span></p>
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	 </p>
<p class="Default">
	<strong><span style="color:windowtext">&nbsp;</span></strong></p>
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	<strong><span class="A0"><span style="font-size:10.0pt;line-height:
115%;color:windowtext">Email : vacancyatminds@gmail.com within 10</span></span><sup><span style="font-size:5.5pt;line-height:115%;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;position:relative;
top:-3.5pt;mso-text-raise:3.5pt">th </span></sup><span class="A0"><span style="font-size:10.0pt;line-height:115%;color:windowtext">April, 2013.</span></span></strong></p>
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	 </p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
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	<strong><span style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></strong><img alt="vacency" height="918" src="http://newbusinessage.com/ckfinder/userfiles/Images/nubizvacency.jpg" width="600" /><br />
	<br />
	 </p>
<p class="MsoNormal">
	<span new="" style="font-size:12.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:" times=""><span style="mso-spacerun:yes">&nbsp;</span></span><b><span style="font-size:11.5pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri">Position : Sales Director</span></b></p>
<p class="MsoNormal">
	<b><span style="font-size:11.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></b></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables: </span></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
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	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp; <br />
	</span></p>
<p>
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-fareast-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"><span style="mso-list:Ignore">i)<span new="" style="font:7.0pt " times="">&nbsp;&nbsp; </span></span></span><span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Select appropriate and optimum number of team members for the Division (if needed more than the current number of manpower in the department)</span><span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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	&nbsp;</span></p>
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ii) Co-ordinate the entire sales team. </span></p>
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
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	<span style="font-size:10.0pt;
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	<span style="font-size:10.0pt;
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	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
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	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vii) Develop and implement programs to establish and maintain favorable community and public relations to enhance brand image and position.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">viii) Plan to organize the events and other relevant activities inviting the readers, advertisers and the stakeholders</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ix) Train the sales team members to make them understand and execute the sales vision and strategy </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">x) Make provision for periodic review of the performance of the team as a whole and also the individual member of the team</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">xi) Explore ways of improving existing products and services, and increase profitability.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
12.05pt;mso-layout-grid-align:none;text-autospace:none">
	<b><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Requirements:</span></b><br />
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"> <br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Eight to 10 years of managerial experience in senior positions in sales function, ideally (though not essential) in a media and communication organization</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Master of Business Administration and several years’ experience in the media industry</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Strong Marketing and Sales orientation </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Should be able to inspire and motivate the sales team and to create an achievement oriented environment within the company.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal">
	<b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Salary: Above Rs 50,000 to 100,000 per month + target incentives</span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;mso-line-height-alt:
11.05pt;mso-layout-grid-align:none;text-autospace:none">
	<span new="" style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
" times="">&nbsp;</span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at </span></p>
<p class="MsoNormal">
	<span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Email : vacancyatminds@gmail.com within 10</span></b><b><sup><span style="font-size:5.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F;position:relative;top:-3.5pt;mso-text-raise:3.5pt">th </span></sup></b><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">April, 2013.</span></b></p>
<p class="MsoNormal">
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-03-28',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables:',
			'sortorder' => '815',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '915',
			'article_category_id' => '34',
			'title' => 'Springwood, Everyday A New You',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks. Springwood range features shirts, T- shirts, trousers, jeans, sweaters and sweat shirts for different occasions. &nbsp;According to the company, the offer is valid for a limited period in all Springwood Exclusive Branded Outlets and other select outlets across the country.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks.',
			'sortorder' => '797',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '914',
			'article_category_id' => '34',
			'title' => 'John Players',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="John Players" height="63" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_john_players.jpg" width="269" /></p>
<p>
	John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels. During this offer period consumers can enjoy up to 50% on the select garments. John Players as a brand synonymous with class, exotic bouquet of the finest fabrics, and playfulness with style. John Players has its Exclusive Branded Outlets in Bluebird Mall, Kingsway, City Center, Putali Sadak, Maitidevi and Civil Mall.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels.',
			'sortorder' => '796',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '913',
			'article_category_id' => '34',
			'title' => 'Index Furniture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="Index Furniture" height="80" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_index_furniture.jpg" width="212" /></p>
<p>
	Index Furniture has announced its annual sale beginning March 1. The sale that offers 20 to 30 per cent discounts will last for two months. Discount is applicable on chairs, sofa, dining set, recliners and coffee tables.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Index Furniture has announced its annual sale beginning March 1.',
			'sortorder' => '795',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '908',
			'article_category_id' => '34',
			'title' => 'Revenue Increases Amidst Slow Economic Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="right" alt="Tax Assortment" height="380" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_tax_assortment.jpg" style="margin:0 0 0 10px;" width="267" />The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years. During the fiscal year 1997/98, Rs 32.94 billion revenue was collected while in the fiscal year 2011/12 the collection increased to Rs 244 billion. The government has targeted to collect Rs 289 billion in the current fiscal year. Director General of Inland Revenue Department (IRD), Tanka Mani Sharma is hopeful on meeting the target.&nbsp;</p>
<p style="text-align: justify;">
	The market is flooded with the imported consumer goods because of the increasing demands. &nbsp;Similarly, the consumerism has also increased much. Therefore, government is collecting huge amount of import taxes. The government campaigns on tax awareness along with ongoing institutional improvements have contributed for meeting the revenue targets, said Sharma. There were 0.3 million tax payers registered in 2006/2007 and in the running fiscal year, the number has increased to a total of 0.8 million.</p>
<p style="text-align: justify;">
	The IRD has also projected addition of 0.1 million tax payers in the current fiscal year. Sharma further adds, “The successful efforts to increase the tax bracket in the previous years have resulted in increasing revenue collection. If the informal sector can be brought under the tax bracket, the revenue collection can be increased by 25 per cent.”&nbsp;</p>
<p style="text-align: justify;">
	&nbsp;“The improvement in tax collection is a positive sign but the huge amount amassed as import taxes is a matter of stress”, say some economists. This means that more foreign items are entering into the Nepali market. &nbsp;This puts a negative impact on the foreign currency deposit of Nepal. Economists Keshav Acharya said, “The remittance is the main factor for increasing demand in the market, and the remittance is not invested for productive use.”</p>
<p style="text-align: justify;">
	In the last fiscal year, a huge amount was spent on importing vehicles and gadgets such as mobile phones and laptops. “The increase in import tax cannot be considered good in any economy. It may appear as a good source of revenue at present for the government but in a long run, the economy will have to face negative consequences,” Shree Ram Poudel, an Economist said. He further added, “Nepal is slowly &nbsp;catching the Dutch disease.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years.',
			'sortorder' => '790',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '907',
			'article_category_id' => '34',
			'title' => '44 Companies  De-listed from Nepse',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector. These companies are de-listed for not renewing and paying their annual listing fee and for not communicating with the Nepse.&nbsp;</p>
<p style="text-align: justify;">
	Nepse has stated that these companies were seen in financial problem. They have not gone for the liquidation but are not in existence. &nbsp;The investors are also not seen optimistic on the recovery of their investment and the governing bodies of these problematic companies are also seen eager to take action on them.&nbsp;</p>
<p style="text-align: justify;">
	Niranjan Phuyal, Senior Officer at Nepse has stated that, there is also not clear information about these companies. He also added that the chances of reviving of these companies have already gone into vein.&nbsp;</p>
<p style="text-align: justify;">
	Though the Nepse has a provision of trading the shares at Over-the-Counter for the companies which are not listed or de-listed for the benefit of the general investors, this is not practical in case of this companies as they are virtually non-existent.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector.',
			'sortorder' => '789',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '906',
			'article_category_id' => '34',
			'title' => 'IFC Supports Faster And Easier Business Registration In Nepal To Spur Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="International Finance Corporation" height="51" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_ifc.jpg" width="302" /></p>
<p style="text-align: justify;">
	International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.</p>
<p style="text-align: justify;">
	A faster, streamlined and automated business registration process will help companies apply and file for registration online, curtailing uncertainty and processing time. The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian agency for Development Cooperation, has supported this initiative.</p>
<p style="text-align: justify;">
	“The Government of Nepal is committed to providing services to citizens and businesses at their doorstep,” said Anil Kumar Jha, Nepal’s Minister for Industry. “This IFC-supported automation project has enhanced transparency and accountability in service delivery for businesses, taking a step towards promoting good governance.”</p>
<p style="text-align: justify;">
	On average, almost 10,000 new companies are registered annually in Nepal. According to the Doing Business Report 2013, the process now takes 21 days instead of 29 days it took earlier, thanks to a 7-step internal procedure in place of the 15 earlier.</p>
<p style="text-align: justify;">
	The automated system offers a host of e-services including the option to update documents. “IFC has played a catalytic role in this major automation initiative. It can now be replicated in other areas affecting businesses,” said Valentino S. Bagatsing, IFC Resident Representative in Nepal. “Facilitating private sector growth through a supportive business environment has been a key focus of IFC programs in Nepal.”</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.',
			'sortorder' => '788',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '905',
			'article_category_id' => '34',
			'title' => 'FNCCI To Build Exhibition Centre',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="left" alt="Federation of Nepalese Chamber of Commerce and Industry" height="130" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_fncci.jpg" style="margin:0 10px 0 0;" width="120" />Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu. According to the Office of the Prime Minister, the cabinet meeting held on February 15 has decided to lease 82 ropanis land of the park to FNCCI for the construction of the exhibition centre. Similarly, the office has also directed the UN Park Development Committee to complete the necessary procedures for construction of the centre.</p>
<p style="text-align: justify;">
	Bhaskar Raj Rajkarnikar, Senior Vice President of the FNCCI said that, the construction will begin from the next fiscal year. “Designing of the exhibition centre is underway. The centre will come into operation within two years after the construction begins” he revealed.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI had demanded 150 ropanis of land for the construction of the centre. Rajkarnikar said that, the necessary infrastructures will be developed in the land provided by the government. According to Bhawani Rana, Vice President of FNCCI, the construction of the centre will cost Rs 1 billion. “The investment will solely be made by the FNCCI,” she said. The centre will have exhibition area and convention hall.</p>
<p style="text-align: justify;">
	According to Rana, plan to develop a new exhibition centre was formulated as the one in Bhrikutimandap is felt narrow and additional amenities. The soon to be constructed centre will have special provision for vehicle parking. The FNCCI says that, the centre will also offer a venue for organising international programmes and events.</p>
<p style="text-align: justify;">
	The Ministry of Urban Development expressed hope that the centre will be an appropriate venue to hold large trade expos. Spokesperson of the ministry, Suresh Prakash Acharya said that, the present exhibition hall at Bhrikutimandap will be used to hold small expos. He said that, though the government will not have any direct investment on the centre, it will provide necessary technical support.</p>',
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			'article_category_id' => '34',
			'title' => 'Four Financial Institutions Merge To Make Apex Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
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<p style="text-align: justify;">
	<img alt="Apex Bank Ltd" height="115" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_apexbank.jpg" width="504" /></p>
<p style="text-align: justify;">
	After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”. &nbsp;These institutions signed on Memorandum of Understanding (MoU) on Feb. 27, 2013.&nbsp;</p>
<p style="text-align: justify;">
	Rameshwor Thapa, coordinator of the merger has stated that after the merger, the newly formed commercial bank will come to operation after they get the approval from the central bank, Nepal Rastra Bank (NRB). He also added that they have got the approval from NRB to expand branches within a year. &nbsp;</p>
<p style="text-align: justify;">
	After the completion of the merger the new bank will have a total of 43 branches with total of 315 employees. The financial institutions are on discussion for selecting the Chief Executive Officer for the new Bank. Moreover, the trading of the shares of these financial institutions has been suspended for the purposes of merger by Npese.</p>',
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<p style="text-align: justify;">
	Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually. According to the Nepal Living Standards Survey 2011, published by Central Bureau of Statistics, 79 per cent of all the remittance is used for consumption purpose.&nbsp;</p>
<p style="text-align: justify;">
	According to the 2011 Census report, there are 1.92 million missing population which means they are living outside the country. The census report of 2001 says that there were only 762,181 missing population, a decade ago.&nbsp;</p>
<p style="text-align: justify;">
	Experts say that those who choose foreign employment basically belong to rural areas and are from a poor family. So, their first requirement is fulfilling their basic needs – food, clothes and shelter. So, majority of the remittance goes for meeting those basic requirements. Suman Pokharel, CEO of International Money Express said it is usual for remittance being used more for consumption. “It is the first preference for those who have difficulty in meeting their basic needs to fulfil their requirements. So, it should not be taken otherwise,” he said.</p>
<p style="text-align: justify;">
	People having thatched roof have upgraded to galvanised sheet, better quality food grains, better clothing and have purchase mobile phones and televisions. Pokharel, however accepts that the remittance has been used for unnecessary expenditures lately.&nbsp;</p>
<p style="text-align: justify;">
	To control the unproductive use of remittance, the central bank had come up with idea of bonds targeting migrant workers but according to Bhaskar Mani Gyawali, Spokesperson of Nepal Rastra Bank, none of the companies have requested the release of the bonds. According to the census report, 55.8 per cent households receive remittance with an average of Rs 80,436 per each household.</p>
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	<img align="left" alt="Fcube Cinemas" height="190" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/fcube_cinemas.jpg" style="margin:0 10px 0 0;" width="200" /></p>
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	Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29. To take part in the contest, the participant needs to take a photo at the premises of the multiplex and upload it on the official Facebook page of Fcube Cinemas. They can upload the photo using free Wi-Fi at the multiplex itself. The participant getting the maximum number of ‘Likes’ on his/her photo by the end of March will be the winner of the contest. The winner will receive an iPhone5.</p>
<p style="text-align: justify;">
	 </p>
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	 </p>',
			'published' => true,
			'created' => '2013-03-15',
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			'description' => 'Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29.',
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	Dabur has introduced a new offer on Real juice named ‘Real Shubha Bibaha Offer” for this wedding season. With this offer, customers will get one carton Real juice free on the purchase of two cartons of Real Juice. The offer is applicable for the cartons of one liter Real juice. The company has informed that this offer is valid for a limited stock in Kathmandu valley only.</p>
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		'Article' => array(
			'id' => '972',
			'article_category_id' => '34',
			'title' => 'Nepali Tea Gets 3 New Destinations',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
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<p>
	<img alt="Nepal Tea, Illam, New Business Age" height="356" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz_news_economy_tea.jpg" width="600" /></p>
<p>
	Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association. He further informed that the tea is currently being exported to these places as a test. “We are planning to commercially export within a month,” he said. Nepali organic tea is currently exported to Germany, France, Czech Republic, Japan and some other countries.</p>
<p>
	Under the testing phase, four tea industries are exporting around seven quintals of tea monthly. &nbsp;Kanchanjangha Tea Estate, Himalayan Shangri-la Tea Producers, Gorkha Tea Estate and Guranse Tea Estate are exporting organic tea commercially. Mainali also shared that business representatives of respective countries are planning to visit Nepal for observation of Nepali tea industry. According to Mainali, all tea industries established for organic tea production still do not possess organic certificate. Countries like the USA, Japan and Australia among others have been providing certification. The association said that 16 industries are currently in the line of producing organic tea while only four industries have received organic certification. According to Mainali, in order to acquire organic certification, one industry must add about Rs 1.5 to 2 million investment. This year, Himalayan Shangri-la Tea Producers acquired ‘organic certification’, said Mainali, who is also the Director of the company. Previously, Kanchanjangha Tea Estate, Gorkha Tea State and Guranse Tea Estate had acquired organic certification.</p>
<p>
	‘A’ grade tea produced in Nepal is exported to third countries. The Association has informed that 300,000 kg of organic certified tea is produced annually in Nepal. “The demand for such tea in abroad is still high,” Mainali said. He further added, “Nepali companies are not being able to produce tea to meet the demand.” Tea industrialists say highly advanced technologies and skills are required for organic tea production in Nepal.&nbsp;</p>
<div>
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			'created' => '2013-04-20',
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			'description' => 'Himalayan Orthodox Tea Producer’s Association of Nepal is planning to export organic tea to three new countries- China, USA, and Russia - within a month. “Export to these countries is the result of high demand of Nepali Tea there,” said Kamal Raj Mainali, Treasurer at the Association.',
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			'id' => '971',
			'article_category_id' => '34',
			'title' => '21 Banks Subscribe To Thomson Reuters',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p>
	<img alt="Thomsom Reuters, New Business Age" height="181" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz_news_banking_thomson_reuters.jpg" width="338" /></p>
<p>
	Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX). This enables trading professionals to connect with one another, hold conversations about different FX products and prices, as well as conduct FX transactions.</p>
<p>
	According to the official press release issued by TR, this event will mark that the Nepali rupee trades on a global trading platform alongside major international currencies.&nbsp;</p>
<p>
	“The start of the dealing platform marks a move towards the automation in management of foreign exchange reserve in Nepal. It provides the Nepali banking sector with easy access to multiple counterparts at a time and helps to grasp the opportunities arising from changes in international financial markets. This will also maximize the efficiency of our people working in forex reserve management,” said Dr. Y.R. Khatiwada, Governor of Nepal Rastra Bank who officiated at a ceremony marking the occasion with the Nepal Bankers’ Association and the Foreign Exchange Dealers Association of Nepal.&nbsp;</p>
<p>
	“Thomson Reuters Dealing serves the world’s largest professional trading community and we are delighted to welcome these 21 Nepalese banks into that community,” said Sriram Ramnarayan, Vice President for Financial and Risk South Asia at Thomson Reuters. “This represents a new era in transparency, efficiency and automation in the way trades are executed in Nepal. The availability of real-time pricing information and automated trading processes will open up new opportunities for Nepal’s banks and enable them to tap into the global FX markets - the largest financial market in the world.”</p>
<p>
	Used by more than 18,000 trading professionals globally in more than 5,000 organisations across 120 countries, Thomson Reuters Dealing is the industry standard for FX trading professionals for price discovery, trade execution and seamless integration with back office processes.&nbsp;</p>
<p>
	Thomson Reuters has had a presence in Nepal for more than a decade working closely with the financial industry and the banking community and is the leading international financial provider to operate in the country in association with Nepal’s ICTC Group.</p>
<div>
	 </div>',
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			'description' => 'Thomson Reuters (TR), the world’s leading source of intelligent information for businesses and professionals, announced that 21 leading Nepali banks have signed up to Thomson Reuters Dealing, the company’s industry standard trading platform for foreign exchange (FX).',
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			'title' => 'Financial Literacy Initiative To Kick-off In Mid-April',
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			'summary' => null,
			'content' => '<p>
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<p>
	<img alt="Financial Literacy Initiative, April 2013" height="172" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/biz_news_financial_literacy_initiative.jpg" width="380" /></p>
<p>
	Month-long Financial Literacy Initiative (FLI) will start in mid-April. It is an initiative taken for the first time in Nepal by Center for Economic and Financial Studies (CEFS), says coordinator of the initiative Olin Thakur. New Business Age Pvt Ltd will contribute to the event as an official media partner. “Financial Literacy Month Celebration” is a part of Financial Literacy Initiative, Thakur says, adding that the celebration includes various workshops, quiz/essay competitions, round table discussions, award distributions and various other financial awareness activities in various places across the nation.</p>
<p>
	“Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) and how that person donates it to help others,” according to organiser.Financial literacy encompasses both knowing about money matters and being equipped to utilize that knowledge by applying it across a range of contexts. What a person needs to know to be financially literate will vary depending upon their circumstances and needs.&nbsp;</p>
<p>
	Generally, however, it will involve an understanding of a person’s own values and priorities, budgeting, savings and how to manage money, credit, the importance of insurance and protecting against risk, investment basics and retirement planning along with others.</p>
<p>
	<strong>Why is it Important in context of Nepal?</strong></p>
<p>
	Good financial literacy skills help individuals and families make the most of opportunities, meet their goals and secure their financial wellbeing, as well as contribute to the economic health of society, Thakur claims. “Improved financial literacy can increase economic participation and social inclusion, drive competition and market efficiency in the financial services sector, and potentially reduce regulatory intervention.”</p>
<p>
	Individuals and households must have the tools to cope with the increasingly complex world of financial instruments. Moreover, financial education ensures poverty reduction and economic growth facility. So, financial literacy is becoming more necessary. Nevertheless, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Raising interest in personal finance is now a focus program in most countries around the globe, according to organiser.</p>
<p>
	Organiser says that Financial Literacy Initiative is to help Nepali people in understanding and addressing financial matters, and thereby contribute financial wellbeing; to promote and enhance financial capability among each; to enhance the present knowledge base; to manage financial resources effectively; to empower individuals to make informed choices, avoid pitfalls, know where to go for help; and take other actions to improve their present and long-term financial well-being.</p>
<p>
	“We believe that Financial literacy Initiative will be very crucial in helping the Nepali citizens of various age groups of Nepal to understand and adjust to the situation in which they are now to help them acknowledge themselves in a wiser way and find the loopholes and the gaps in their way of doing micro-macro financial transactions in their day to day lives,” Thakur further added.</p>
<p>
	<strong>Bridging Gaps&nbsp;</strong></p>
<p>
	It aims at facilitating them to bridge the gaps in their financial knowledge and understanding as well as enable them to manage their day to day transactions and future planning in a cost-time efficient ways be it the transaction of a rupee or a million. The event page can be found at social network website facebook by clicking: www.facebook.com/flinepal or official website of Center for Economic and Financial Studies (CEFS).</p>',
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			'description' => 'Financial literacy encompasses both knowing about money matters and being equipped to utilize that knowledge by applying it across a range of contexts. What a person needs to know to be financially literate will vary depending upon their circumstances and needs.',
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			'title' => 'Vacancy Announcement',
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<p class="Pa1">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal"><img alt="vacency" border="1" height="181" hspace="10" src="http://newbusinessage.com/ckfinder/userfiles/Images/featured_banner.jpg" vspace="10" width="338" /><br />
	<br />
	One of our client is seeking a committed, dedicated and dynamic professionals for the following position.</span></span></p>
<p class="Pa0">
	<span class="A0"><span style="font-size:10.0pt;color:windowtext;
font-weight:normal">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at: <br />
	</span></span></p>
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	<strong><span style="color:windowtext">&nbsp;</span></strong></p>
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	<strong><span class="A0"><span style="font-size:10.0pt;line-height:
115%;color:windowtext">Email : vacancyatminds@gmail.com within 10</span></span><sup><span style="font-size:5.5pt;line-height:115%;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;position:relative;
top:-3.5pt;mso-text-raise:3.5pt">th </span></sup><span class="A0"><span style="font-size:10.0pt;line-height:115%;color:windowtext">April, 2013.</span></span></strong></p>
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	 </p>
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	<strong><span style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></strong><img alt="vacency" height="918" src="http://newbusinessage.com/ckfinder/userfiles/Images/nubizvacency.jpg" width="600" /><br />
	<br />
	 </p>
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	<span new="" style="font-size:12.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:" times=""><span style="mso-spacerun:yes">&nbsp;</span></span><b><span style="font-size:11.5pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri">Position : Sales Director</span></b></p>
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	<b><span style="font-size:11.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri">&nbsp;</span></b></p>
<p class="MsoNormal" style="margin-bottom:2.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;
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Calibri;mso-bidi-font-family:Calibri;color:#221E1F">This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables: </span></p>
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	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp; <br />
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<p>
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-fareast-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"><span style="mso-list:Ignore">i)<span new="" style="font:7.0pt " times="">&nbsp;&nbsp; </span></span></span><span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Select appropriate and optimum number of team members for the Division (if needed more than the current number of manpower in the department)</span><span style="font-size:
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	&nbsp;</span></p>
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mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
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<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">iv) Design, implement and facilitate short- and long-term strategic sales plans, process and budget <br />
	<br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">v) Designing special offers and schemes of selling</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vi) Execution and management of approved promotional activities/campaigns for brand image, promotion and to increase advertisement sales</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">vii) Develop and implement programs to establish and maintain favorable community and public relations to enhance brand image and position.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">viii) Plan to organize the events and other relevant activities inviting the readers, advertisers and the stakeholders</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">ix) Train the sales team members to make them understand and execute the sales vision and strategy </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">x) Make provision for periodic review of the performance of the team as a whole and also the individual member of the team</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:19.0pt;margin-bottom:.0001pt;text-indent:-19.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">xi) Explore ways of improving existing products and services, and increase profitability.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:19.0pt;text-indent:-19.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:
12.05pt;mso-layout-grid-align:none;text-autospace:none">
	<b><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">Requirements:</span></b><br />
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F"> <br />
	</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Eight to 10 years of managerial experience in senior positions in sales function, ideally (though not essential) in a media and communication organization</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="font-size:10.0pt;
mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• Master of Business Administration and several years’ experience in the media industry</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:0in;
margin-left:12.0pt;margin-bottom:.0001pt;text-indent:-12.0pt;line-height:12.05pt;
mso-layout-grid-align:none;text-autospace:none">
	<span style="mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Strong Marketing and Sales orientation </span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">• </span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Should be able to inspire and motivate the sales team and to create an achievement oriented environment within the company.</span></p>
<p class="MsoNormal" style="margin-top:0in;margin-right:0in;margin-bottom:2.0pt;
margin-left:12.0pt;text-indent:-12.0pt;line-height:12.05pt;mso-layout-grid-align:
none;text-autospace:none">
	<span style="font-size:10.0pt;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">&nbsp;</span></p>
<p class="MsoNormal">
	<b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Salary: Above Rs 50,000 to 100,000 per month + target incentives</span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;mso-line-height-alt:
11.05pt;mso-layout-grid-align:none;text-autospace:none">
	<span new="" style="font-size:
12.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
" times="">&nbsp;</span><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;mso-ascii-font-family:Calibri;
mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">Interested &amp; eligible candidates (any national, preferably Indian) applicants are invited to send an application letter with updated biodata at </span></p>
<p class="MsoNormal">
	<span style="font-size:
10.0pt;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F">&nbsp;</span><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;
line-height:115%;mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;
mso-bidi-font-family:Calibri;color:#221E1F">Email : vacancyatminds@gmail.com within 10</span></b><b><sup><span style="font-size:5.5pt;line-height:115%;
mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#221E1F;position:relative;top:-3.5pt;mso-text-raise:3.5pt">th </span></sup></b><b><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;mso-ascii-font-family:
Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:Calibri;color:#221E1F">April, 2013.</span></b></p>
<p class="MsoNormal">
	<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-03-28',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'This position shall report to an Executive Director and serve as an integral part of the senior management. The overall responsibility of the incumbent will be to maximize the sales revenue of the company. In order to achieve the revenue goal, s/he has to create a strategy and an action plan with measurable milestones and individual targets for every sales person. S/He shall particularly ensure the accomplishment of the following deliverables:',
			'sortorder' => '815',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '915',
			'article_category_id' => '34',
			'title' => 'Springwood, Everyday A New You',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks. Springwood range features shirts, T- shirts, trousers, jeans, sweaters and sweat shirts for different occasions. &nbsp;According to the company, the offer is valid for a limited period in all Springwood Exclusive Branded Outlets and other select outlets across the country.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Springwood, men’s garments from Surya Nepal Private Limited has announced season’s sale offer up that provides a discount of up to 50 per cent on selected stocks.',
			'sortorder' => '797',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '914',
			'article_category_id' => '34',
			'title' => 'John Players',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="John Players" height="63" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_john_players.jpg" width="269" /></p>
<p>
	John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels. During this offer period consumers can enjoy up to 50% on the select garments. John Players as a brand synonymous with class, exotic bouquet of the finest fabrics, and playfulness with style. John Players has its Exclusive Branded Outlets in Bluebird Mall, Kingsway, City Center, Putali Sadak, Maitidevi and Civil Mall.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'John Players, the leading premium men’s wear from Surya Nepal Private Limited has announced an attractive offer on its apparels.',
			'sortorder' => '796',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '913',
			'article_category_id' => '34',
			'title' => 'Index Furniture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="Index Furniture" height="80" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_bizlaunches_index_furniture.jpg" width="212" /></p>
<p>
	Index Furniture has announced its annual sale beginning March 1. The sale that offers 20 to 30 per cent discounts will last for two months. Discount is applicable on chairs, sofa, dining set, recliners and coffee tables.&nbsp;</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Index Furniture has announced its annual sale beginning March 1.',
			'sortorder' => '795',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '908',
			'article_category_id' => '34',
			'title' => 'Revenue Increases Amidst Slow Economic Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="right" alt="Tax Assortment" height="380" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_tax_assortment.jpg" style="margin:0 0 0 10px;" width="267" />The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years. During the fiscal year 1997/98, Rs 32.94 billion revenue was collected while in the fiscal year 2011/12 the collection increased to Rs 244 billion. The government has targeted to collect Rs 289 billion in the current fiscal year. Director General of Inland Revenue Department (IRD), Tanka Mani Sharma is hopeful on meeting the target.&nbsp;</p>
<p style="text-align: justify;">
	The market is flooded with the imported consumer goods because of the increasing demands. &nbsp;Similarly, the consumerism has also increased much. Therefore, government is collecting huge amount of import taxes. The government campaigns on tax awareness along with ongoing institutional improvements have contributed for meeting the revenue targets, said Sharma. There were 0.3 million tax payers registered in 2006/2007 and in the running fiscal year, the number has increased to a total of 0.8 million.</p>
<p style="text-align: justify;">
	The IRD has also projected addition of 0.1 million tax payers in the current fiscal year. Sharma further adds, “The successful efforts to increase the tax bracket in the previous years have resulted in increasing revenue collection. If the informal sector can be brought under the tax bracket, the revenue collection can be increased by 25 per cent.”&nbsp;</p>
<p style="text-align: justify;">
	&nbsp;“The improvement in tax collection is a positive sign but the huge amount amassed as import taxes is a matter of stress”, say some economists. This means that more foreign items are entering into the Nepali market. &nbsp;This puts a negative impact on the foreign currency deposit of Nepal. Economists Keshav Acharya said, “The remittance is the main factor for increasing demand in the market, and the remittance is not invested for productive use.”</p>
<p style="text-align: justify;">
	In the last fiscal year, a huge amount was spent on importing vehicles and gadgets such as mobile phones and laptops. “The increase in import tax cannot be considered good in any economy. It may appear as a good source of revenue at present for the government but in a long run, the economy will have to face negative consequences,” Shree Ram Poudel, an Economist said. He further added, “Nepal is slowly &nbsp;catching the Dutch disease.”</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The persistent slow economic growth of Nepal has shown no signs of improvements. However, the annual tax collection has increased by eight folds compared to the data of past 15 years.',
			'sortorder' => '790',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '907',
			'article_category_id' => '34',
			'title' => '44 Companies  De-listed from Nepse',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector. These companies are de-listed for not renewing and paying their annual listing fee and for not communicating with the Nepse.&nbsp;</p>
<p style="text-align: justify;">
	Nepse has stated that these companies were seen in financial problem. They have not gone for the liquidation but are not in existence. &nbsp;The investors are also not seen optimistic on the recovery of their investment and the governing bodies of these problematic companies are also seen eager to take action on them.&nbsp;</p>
<p style="text-align: justify;">
	Niranjan Phuyal, Senior Officer at Nepse has stated that, there is also not clear information about these companies. He also added that the chances of reviving of these companies have already gone into vein.&nbsp;</p>
<p style="text-align: justify;">
	Though the Nepse has a provision of trading the shares at Over-the-Counter for the companies which are not listed or de-listed for the benefit of the general investors, this is not practical in case of this companies as they are virtually non-existent.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Stock Exchange Limited (Nepse) has de-listed 44 companies, most of them from manufacturing and processing sector or trading sector.',
			'sortorder' => '789',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '906',
			'article_category_id' => '34',
			'title' => 'IFC Supports Faster And Easier Business Registration In Nepal To Spur Growth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="International Finance Corporation" height="51" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_ifc.jpg" width="302" /></p>
<p style="text-align: justify;">
	International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.</p>
<p style="text-align: justify;">
	A faster, streamlined and automated business registration process will help companies apply and file for registration online, curtailing uncertainty and processing time. The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK Government and the Norwegian agency for Development Cooperation, has supported this initiative.</p>
<p style="text-align: justify;">
	“The Government of Nepal is committed to providing services to citizens and businesses at their doorstep,” said Anil Kumar Jha, Nepal’s Minister for Industry. “This IFC-supported automation project has enhanced transparency and accountability in service delivery for businesses, taking a step towards promoting good governance.”</p>
<p style="text-align: justify;">
	On average, almost 10,000 new companies are registered annually in Nepal. According to the Doing Business Report 2013, the process now takes 21 days instead of 29 days it took earlier, thanks to a 7-step internal procedure in place of the 15 earlier.</p>
<p style="text-align: justify;">
	The automated system offers a host of e-services including the option to update documents. “IFC has played a catalytic role in this major automation initiative. It can now be replicated in other areas affecting businesses,” said Valentino S. Bagatsing, IFC Resident Representative in Nepal. “Facilitating private sector growth through a supportive business environment has been a key focus of IFC programs in Nepal.”</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Corporation (IFC), a member of the World Bank Group, is supporting the government of Nepal in simplifying and automating procedures for issuing licenses and other approvals, reducing compliance burden for investors.',
			'sortorder' => '788',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '905',
			'article_category_id' => '34',
			'title' => 'FNCCI To Build Exhibition Centre',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img align="left" alt="Federation of Nepalese Chamber of Commerce and Industry" height="130" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_fncci.jpg" style="margin:0 10px 0 0;" width="120" />Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu. According to the Office of the Prime Minister, the cabinet meeting held on February 15 has decided to lease 82 ropanis land of the park to FNCCI for the construction of the exhibition centre. Similarly, the office has also directed the UN Park Development Committee to complete the necessary procedures for construction of the centre.</p>
<p style="text-align: justify;">
	Bhaskar Raj Rajkarnikar, Senior Vice President of the FNCCI said that, the construction will begin from the next fiscal year. “Designing of the exhibition centre is underway. The centre will come into operation within two years after the construction begins” he revealed.&nbsp;</p>
<p style="text-align: justify;">
	FNCCI had demanded 150 ropanis of land for the construction of the centre. Rajkarnikar said that, the necessary infrastructures will be developed in the land provided by the government. According to Bhawani Rana, Vice President of FNCCI, the construction of the centre will cost Rs 1 billion. “The investment will solely be made by the FNCCI,” she said. The centre will have exhibition area and convention hall.</p>
<p style="text-align: justify;">
	According to Rana, plan to develop a new exhibition centre was formulated as the one in Bhrikutimandap is felt narrow and additional amenities. The soon to be constructed centre will have special provision for vehicle parking. The FNCCI says that, the centre will also offer a venue for organising international programmes and events.</p>
<p style="text-align: justify;">
	The Ministry of Urban Development expressed hope that the centre will be an appropriate venue to hold large trade expos. Spokesperson of the ministry, Suresh Prakash Acharya said that, the present exhibition hall at Bhrikutimandap will be used to hold small expos. He said that, though the government will not have any direct investment on the centre, it will provide necessary technical support.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the apex body of Nepali business sector has taken up responsibility to build an international exhibition centre at UN Park in Kathmandu.',
			'sortorder' => '787',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '904',
			'article_category_id' => '34',
			'title' => 'Four Financial Institutions Merge To Make Apex Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	<img alt="Apex Bank Ltd" height="115" src="http://newbusinessage.com/ckfinder/userfiles/Images/march2013_biznews_apexbank.jpg" width="504" /></p>
<p style="text-align: justify;">
	After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”. &nbsp;These institutions signed on Memorandum of Understanding (MoU) on Feb. 27, 2013.&nbsp;</p>
<p style="text-align: justify;">
	Rameshwor Thapa, coordinator of the merger has stated that after the merger, the newly formed commercial bank will come to operation after they get the approval from the central bank, Nepal Rastra Bank (NRB). He also added that they have got the approval from NRB to expand branches within a year. &nbsp;</p>
<p style="text-align: justify;">
	After the completion of the merger the new bank will have a total of 43 branches with total of 315 employees. The financial institutions are on discussion for selecting the Chief Executive Officer for the new Bank. Moreover, the trading of the shares of these financial institutions has been suspended for the purposes of merger by Npese.</p>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'After the merger of two development banks and two finance companies a new ‘A’ class bank is going to established. Manakamana Development Bank Ltd., Infrastructure Development bank Ltd., Valley Finance Ltd. and Yeti Finance Ltd. are going to merge to form “Apex Bank Ltd”.',
			'sortorder' => '786',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '903',
			'article_category_id' => '34',
			'title' => '79% Remittance Goes For Consumption',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	 </p>
<p style="text-align: justify;">
	Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually. According to the Nepal Living Standards Survey 2011, published by Central Bureau of Statistics, 79 per cent of all the remittance is used for consumption purpose.&nbsp;</p>
<p style="text-align: justify;">
	According to the 2011 Census report, there are 1.92 million missing population which means they are living outside the country. The census report of 2001 says that there were only 762,181 missing population, a decade ago.&nbsp;</p>
<p style="text-align: justify;">
	Experts say that those who choose foreign employment basically belong to rural areas and are from a poor family. So, their first requirement is fulfilling their basic needs – food, clothes and shelter. So, majority of the remittance goes for meeting those basic requirements. Suman Pokharel, CEO of International Money Express said it is usual for remittance being used more for consumption. “It is the first preference for those who have difficulty in meeting their basic needs to fulfil their requirements. So, it should not be taken otherwise,” he said.</p>
<p style="text-align: justify;">
	People having thatched roof have upgraded to galvanised sheet, better quality food grains, better clothing and have purchase mobile phones and televisions. Pokharel, however accepts that the remittance has been used for unnecessary expenditures lately.&nbsp;</p>
<p style="text-align: justify;">
	To control the unproductive use of remittance, the central bank had come up with idea of bonds targeting migrant workers but according to Bhaskar Mani Gyawali, Spokesperson of Nepal Rastra Bank, none of the companies have requested the release of the bonds. According to the census report, 55.8 per cent households receive remittance with an average of Rs 80,436 per each household.</p>
<div style="text-align: justify;">
	 </div>',
			'published' => true,
			'created' => '2013-03-24',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Out of the total remittance Nepal receives, 79 per cent goes for consumption. Nepal has been receiving Rs 259.9 billion remittance annually.',
			'sortorder' => '785',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '848',
			'article_category_id' => '34',
			'title' => 'I Like, I Click',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="left" alt="Fcube Cinemas" height="190" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/fcube_cinemas.jpg" style="margin:0 10px 0 0;" width="200" /></p>
<p style="text-align: justify;">
	Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29. To take part in the contest, the participant needs to take a photo at the premises of the multiplex and upload it on the official Facebook page of Fcube Cinemas. They can upload the photo using free Wi-Fi at the multiplex itself. The participant getting the maximum number of ‘Likes’ on his/her photo by the end of March will be the winner of the contest. The winner will receive an iPhone5.</p>
<p style="text-align: justify;">
	 </p>
<p style="text-align: justify;">
	 </p>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Fcube Cinemas at KL Tower, Chabahil launched its ‘I like, I click’ Facebook photo contest on January 29.',
			'sortorder' => '733',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '847',
			'article_category_id' => '34',
			'title' => 'Dabur's Real Shubha Bibaha Offer',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="Real Dabur" height="212" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/dabur_offer.jpg" width="364" /></p>
<p style="text-align: justify;">
	Dabur has introduced a new offer on Real juice named ‘Real Shubha Bibaha Offer” for this wedding season. With this offer, customers will get one carton Real juice free on the purchase of two cartons of Real Juice. The offer is applicable for the cartons of one liter Real juice. The company has informed that this offer is valid for a limited stock in Kathmandu valley only.</p>
<div>
	 </div>',
			'published' => true,
			'created' => '2013-03-15',
			'modified' => '2013-05-24',
			'keywords' => '',
			'description' => 'Dabur has introduced a new offer on Real juice named ‘Real Shubha Bibaha Offer” for this wedding season.',
			'sortorder' => '732',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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file not found!

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BFIN to Host Conference in Kathmandu on Wednesday

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FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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