Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '546',
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			'title' => 'Six Financial Institutions Approved For Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge. Board meeting of NRB held on November 10 decided to approve the merger proposals received from financial institutions, according to Bhaskar Mani Gyawali, Spokesperson at NRB. He informed that the central bank has provided letter of intent to merger proposal of Pashupati Development Bank and Lord Buddha Finance, Business Development Bank and Universal Finance, Annapurna Development Bank and Suryadarshan Finance. &nbsp;</p>',
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			'created' => '2012-02-22',
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			'description' => 'Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge',
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			'article_category_id' => '34',
			'title' => 'Laxmi Steels Gets NS Certification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate (NS 191) from the Government of Nepal. Within a short span of establishment, it has proved to be among the most reliable brands in the Nepali market, says the company</p>
<p>
	.<img align="middle" alt="" border="5" height="64" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/invest.jpg" vspace="2" width="300" /></p>
<p>
	Guaranteed best quality steels, excellent services, easy availability, regularity in supply and quality consistency has earned consumers’ reliability towards the company and its products, it adds.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate',
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			'id' => '544',
			'article_category_id' => '34',
			'title' => 'Nepal Bank Capital To Reach Rs 4 Billion',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Bank Limited is set to increase its paid up capital to Rs 4 billion. Nepal Rastra Bank (NRB) approved the banks’ proposal to increase the capital base. Deputy Governor of NRB, Maha Prasad Adhikari said that the central bank approved the banks’ proposal to increase capital by issuing rights share. The bank has proposed to issue nine rights shares against one existing share. Currently, the bank has Rs 383 million paid up capital.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Bank Limited is set to increase its paid up capital',
			'sortorder' => '447',
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			'id' => '542',
			'article_category_id' => '34',
			'title' => 'Nepal's HDI Improves',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal's Human Development Index (HDI) has increased from 0.428 in 2010 to 0.458 in 2011, according to the latest report from the United Nations Development Programme (UNDP). However, Nepal has slipped 19 steps down in the international rankings, shows this year's report. Human Development Report . This year's Human Development Report titled, Equity and Sustainability:</p>
<p>
	A Better Future for All places Nepal 157th out of 187 countries. Nepal was ranked 138th out of 169 countries in 2010, which was five slots higher than in 2005. HDI is calculated as an average of the literacy rate, life expectancy and per capita income of the respective country. An improvement in any of these indicators helps improve the HDI. The report in 2010 had listed Nepal among the 10 countries that made most significant progress in HDI because of improvement in health and education.</p>
<p>
	Development progress in the world's poorest countries could be halted or even reversed by mid-century unless bold steps are taken now to slow climate change, prevent further environmental damage, and reduce deep inequalities within and among nations, reads the report. The report says that environment can only be saved if the growing energy demand can be managed and with improvement in ecology, education, health, income, and gender equality. Norway, Australia and the Netherlands lead the world in the 2011 HDI while Democratic Republic of Congo, Niger and Burundi are at the bottom of the list. Similarly, China stands at 101 and India in 134th position. China and India were ranked 89 and 119 respectively in 2010. ï</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-10-31',
			'keywords' => '',
			'description' => 'Nepal's Human Development Index (HDI) has increased',
			'sortorder' => '446',
			'image' => null,
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			'homepage' => false,
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			'id' => '541',
			'article_category_id' => '34',
			'title' => 'BOS Launches SAP UAcademy Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Leveraging on the success of its SAP e-Academy programme, Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme. BOS, the only authorised SAP software product training centre in Nepal, has been providing SAP training for the last three years under a programme called SAP e-Academy. SAP uAcademy programme has been designed to benefit college students in their undergraduate and graduate levels. BOS is offering the courses ranging from Euro 150 to Euro 1200 – 50 per cent less cost than its normal SAP e-Academy course fees – making it the most affordable SAP training courses available in the country.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme.',
			'sortorder' => '445',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '540',
			'article_category_id' => '34',
			'title' => 'Civil Mall Mala Maal Festival 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="textTop" alt="Civil Mall Mala Maal Festival 2011" border="3" height="217" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(2).jpg" vspace="3" width="300" /></p>
<p>
	<strong>Tata Vista Winner Karuna Kharel (left) receiving car keys</strong></p>
<p>
	Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011’ amidst a prize distribution programme held recently. While Karuna Kharel won a brand new Tata Vista Car as bumper prize, Dinesh Thapa won the ‘Trip to Dubai’ for two individuals. Besides Tata Vista and Fly Dubai, other sponsors of the programme included Samsung, Pepsi, LG, Emirates and IFB.</p>
<p>
	Civil Mall had the offer on from 2nd September to 26th October 2011 that straddled Dashain and Tihar festivals. Nishant Shrestha, Head – Marketing and Communications of Civil Mall said, “The event generated an approximate traffic of over 50,000 shoppers. More than 17,000 people participated in the programme of which 76 turned out to be lucky winners.” </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011',
			'sortorder' => '444',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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			'id' => '539',
			'article_category_id' => '34',
			'title' => 'Guidelines For Hotels And Restaurants',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Consumer Protection Council (CPC) has endorsed a set of guidelines on monitoring of hotels, lodges, restaurants and other public resthouses as well as readymade food joints. This decision was made on November 6 by a meeting of the Council headed by Lekh Raj Bhatta, Minister for Commerce and Supplies.</p>
<p>
	According to the directive, the eateries are required to display the price list at a publicly visible location inside the shop and to maintain standard sanitation on the kitchen, eating area and the toilet. According to the directive, the monitoring officials after inspection will issue card of different colours to the hotels and restaurants. The colours will represent the level of standards maintained. –Accordingly, the green will be for 80 per cent and above of the standard, blue for less than 80 per cent and yellow for less than 40 per cent.</p>
<p>
	Businesses that run without license will be slapped up to five years of imprisonment or fined Rs 100,000. If a consumers faces long term health problems from consumption of unhealthy food in a restaqurant, such service providers will be sent for 15 years of imprisonment or fined Rs 500,000 or both.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '',
			'sortorder' => '443',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '538',
			'article_category_id' => '34',
			'title' => 'LG Dashain Tihar Kya Sandar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="bottom" alt="LG Dashain Tihar Kya Sandar" border="2" height="200" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/3rd.jpg" vspace="2" width="300" />Gopi Maharjan has won the bumper prize of LG 32” LED and Home Theatre under the festive scheme ‘LG Dashain Tihar Kya Sandar’ launched by CG Electronics. Maharjan, a Kumaripati resident won the prize with coupon number 007045 on the purchase of an LG Refrigerator. The scheme was launched to provide sure-shot gifts on the purchase of every LG product.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '‘LG Dashain Tihar Kya Sandar',
			'sortorder' => '442',
			'image' => null,
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			'homepage' => false,
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			'id' => '537',
			'article_category_id' => '34',
			'title' => 'Sher Remit Ties Up With AFX FastRemit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration. Under the <img align="right" alt="" border="1" height="262" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/2nd-photo.jpg" vspace="2" width="300" />agreement signed in Doha, Sher Remit has become the principal agent in Nepal of AFX FastRemit – remittance wing of Al Fardan Exchange. According to Ashish Sherchan, Managing Director of Sher Remit, beneficiaries in Nepal can receive money remitted through AFX FastRemit from 900 agents of Sher Remit throughout the country or NABIL bank, as per their convenience.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration.',
			'sortorder' => '441',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '536',
			'article_category_id' => '34',
			'title' => 'Czech-Nepal Investment In Trishuli III',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company. STEF Group, a Czech energy and Nepal’s Santoshi Hydropower will be mutually developing the project. The Czech company has also shown interest to invest in small hydroelectricity projects of up to 1 MW that are particularly suitable for rural electrification. Vishnu Kumar Agrawal, Honorary Consul of the Czech Republic in Nepal said that Czechs are interested to invest in three large hydro projects in Nepal. However, he refused to name the projects as the discussions are still in the primary stage. Narendra Kumar Basnyat, Acting President of Confederation of Nepalese Industries (CNI) said that Czechs are interested to expand business and investment in Nepal through cooperation.  
	 </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company.',
			'sortorder' => '440',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '535',
			'article_category_id' => '34',
			'title' => 'Tourism Decade In Offing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector. “International promotional programmes scheduled during tourism year will be carried out only in 2012. That is why a plan of tourism decade is being formulated,” he said. He opined that the tourism decade should be celebrated till 2020 so that the excitement of NTY extends to rural areas. He also informed that the conclusion of NTY will coincide with the inauguration of Visit Lumbini Year 2012.</p>
<p>
	An extravagant ceremony is planned to be held in Lumbini for this purpose. The government had allocated Rs 130 million for tourism promotion for fiscal year 2011/12. However, the amount will only be spent in 2012. Joshi said the enthusiasm seen from the private sector, general public and political leadership is necessary to be continued further in the future too. The lapses of NTY can be corrected in the coming nine years long campaign, according to immediate past CEO of Nepal Tourism Board, Prachanda Man Shrestha. He also said that it is vital to introduce new and unique programmes to attract tourists every year.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector',
			'sortorder' => '439',
			'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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			'id' => '534',
			'article_category_id' => '34',
			'title' => 'ICT Association Elects New Working Committee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img align="absMiddle" alt="ICT Association Elects New Working Committee" border="1" height="349" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz1.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively. The new executive committee also has Shobhan Sainju, Dilip Kundaliya, Shirish Murarka, Nikhil Bansal and Sandesh Nyachhyon as members.</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively.',
			'sortorder' => '438',
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			'homepage' => false,
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		'Article' => array(
			'id' => '508',
			'article_category_id' => '34',
			'title' => 'Indian Interest Rate 5 Times Higher Than Nepal’s',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.” RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank,',
			'sortorder' => '414',
			'image' => null,
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			'main_news' => false,
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			'user_id' => '0'
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	(int) 13 => array(
		'Article' => array(
			'id' => '507',
			'article_category_id' => '34',
			'title' => 'International Trademark For Nepali Coffee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for trademark registration in 10 countries including USA, Canada, European Union, Switzerland, Norway, Australia, South Korea, Japan, Hong Kong, and Singapore. Shyam Prasad Bhandari, President of FCT said Nepali coffee is sure to get trademark in many those countries. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Bhandari said a unique trademark is being developed so that Nepali coffee can be easily identified which in turn helps to enhance the trust level and promote it in the international market. He said it takes six to 18 months for approval and FCT is optimistic to get this brand recognition tool as the demand of Nepali coffee is now growing in these international markets. In the second phase, trademark will be registered in the countries like Bhutan, China, Taiwan, Kenya, UAE, among others. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">It has been agreed with Trade and Export Promotion Centre that 70 per cent of the registration cost will be borne by the government and the rest by the traders. Registration of trademark in 10 countries would cost something about Rs 5 million. After this global recognition, all the coffee produced in Nepal will bear an uniform logo. Currently, different producers are using different logos developed by them in isolation .</span></p>',
			'published' => true,
			'created' => '2011-11-15',
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			'article_category_id' => '34',
			'title' => 'Industries Rob NEA Of Rs 70 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million. The revelation came after a team from NEA’s Electricity Leakage Control Division inspected the Time of the Day (ToD) electricity meters of the industrial and business customers in Dhading, Gorkha, Kawasoti, Bharatpur, Tandi, Simara and Birgunj last month. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">“The inspection of the ToD meters of these clients also showed that 15 million units of electricity was not billed due to under-billing or leakage and pilferage,” said NEA Executive Directive Dipendra Nath Sharma, “Based on the prevailing tariff rates and the demand concession, the amount that the NEA needs to recover from these clients for stolen electricity totals around Rs 70 million.” <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">The industries which have stolen electricity by tampering ToD meters include KP Cement, Nirapus Plastic Industry, Safari Adventure Lodge, Shree Simran Crusher Industry, Koshi Gas Industry, Ghimire Furniture and Popular Rice Mill. These industries were found to have tampered with their ToD meters to steal electricity. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">There are 4,000 ToD meters in use by industries and business houses across the country. Sharma informed that NEA was planning to install GPRS equipment at all these ToD meters so that the NEA headquarters would be able to calculate the exact units of electricity used by these customers. “We will have installed this equipment at all ToD meters within the next one year. We have now intensified the campaign to control electricity leakage in the industrial corridor,” said Sharma.</span></p>',
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			'description' => 'It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million.',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '546',
			'article_category_id' => '34',
			'title' => 'Six Financial Institutions Approved For Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge. Board meeting of NRB held on November 10 decided to approve the merger proposals received from financial institutions, according to Bhaskar Mani Gyawali, Spokesperson at NRB. He informed that the central bank has provided letter of intent to merger proposal of Pashupati Development Bank and Lord Buddha Finance, Business Development Bank and Universal Finance, Annapurna Development Bank and Suryadarshan Finance. &nbsp;</p>',
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			'created' => '2012-02-22',
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			'description' => 'Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge',
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			'title' => 'Laxmi Steels Gets NS Certification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate (NS 191) from the Government of Nepal. Within a short span of establishment, it has proved to be among the most reliable brands in the Nepali market, says the company</p>
<p>
	.<img align="middle" alt="" border="5" height="64" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/invest.jpg" vspace="2" width="300" /></p>
<p>
	Guaranteed best quality steels, excellent services, easy availability, regularity in supply and quality consistency has earned consumers’ reliability towards the company and its products, it adds.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate',
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			'article_category_id' => '34',
			'title' => 'Nepal Bank Capital To Reach Rs 4 Billion',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Bank Limited is set to increase its paid up capital to Rs 4 billion. Nepal Rastra Bank (NRB) approved the banks’ proposal to increase the capital base. Deputy Governor of NRB, Maha Prasad Adhikari said that the central bank approved the banks’ proposal to increase capital by issuing rights share. The bank has proposed to issue nine rights shares against one existing share. Currently, the bank has Rs 383 million paid up capital.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Bank Limited is set to increase its paid up capital',
			'sortorder' => '447',
			'image' => null,
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			'id' => '542',
			'article_category_id' => '34',
			'title' => 'Nepal's HDI Improves',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal's Human Development Index (HDI) has increased from 0.428 in 2010 to 0.458 in 2011, according to the latest report from the United Nations Development Programme (UNDP). However, Nepal has slipped 19 steps down in the international rankings, shows this year's report. Human Development Report . This year's Human Development Report titled, Equity and Sustainability:</p>
<p>
	A Better Future for All places Nepal 157th out of 187 countries. Nepal was ranked 138th out of 169 countries in 2010, which was five slots higher than in 2005. HDI is calculated as an average of the literacy rate, life expectancy and per capita income of the respective country. An improvement in any of these indicators helps improve the HDI. The report in 2010 had listed Nepal among the 10 countries that made most significant progress in HDI because of improvement in health and education.</p>
<p>
	Development progress in the world's poorest countries could be halted or even reversed by mid-century unless bold steps are taken now to slow climate change, prevent further environmental damage, and reduce deep inequalities within and among nations, reads the report. The report says that environment can only be saved if the growing energy demand can be managed and with improvement in ecology, education, health, income, and gender equality. Norway, Australia and the Netherlands lead the world in the 2011 HDI while Democratic Republic of Congo, Niger and Burundi are at the bottom of the list. Similarly, China stands at 101 and India in 134th position. China and India were ranked 89 and 119 respectively in 2010. ï</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-10-31',
			'keywords' => '',
			'description' => 'Nepal's Human Development Index (HDI) has increased',
			'sortorder' => '446',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '541',
			'article_category_id' => '34',
			'title' => 'BOS Launches SAP UAcademy Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Leveraging on the success of its SAP e-Academy programme, Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme. BOS, the only authorised SAP software product training centre in Nepal, has been providing SAP training for the last three years under a programme called SAP e-Academy. SAP uAcademy programme has been designed to benefit college students in their undergraduate and graduate levels. BOS is offering the courses ranging from Euro 150 to Euro 1200 – 50 per cent less cost than its normal SAP e-Academy course fees – making it the most affordable SAP training courses available in the country.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme.',
			'sortorder' => '445',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '540',
			'article_category_id' => '34',
			'title' => 'Civil Mall Mala Maal Festival 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="textTop" alt="Civil Mall Mala Maal Festival 2011" border="3" height="217" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(2).jpg" vspace="3" width="300" /></p>
<p>
	<strong>Tata Vista Winner Karuna Kharel (left) receiving car keys</strong></p>
<p>
	Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011’ amidst a prize distribution programme held recently. While Karuna Kharel won a brand new Tata Vista Car as bumper prize, Dinesh Thapa won the ‘Trip to Dubai’ for two individuals. Besides Tata Vista and Fly Dubai, other sponsors of the programme included Samsung, Pepsi, LG, Emirates and IFB.</p>
<p>
	Civil Mall had the offer on from 2nd September to 26th October 2011 that straddled Dashain and Tihar festivals. Nishant Shrestha, Head – Marketing and Communications of Civil Mall said, “The event generated an approximate traffic of over 50,000 shoppers. More than 17,000 people participated in the programme of which 76 turned out to be lucky winners.” </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011',
			'sortorder' => '444',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '539',
			'article_category_id' => '34',
			'title' => 'Guidelines For Hotels And Restaurants',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Consumer Protection Council (CPC) has endorsed a set of guidelines on monitoring of hotels, lodges, restaurants and other public resthouses as well as readymade food joints. This decision was made on November 6 by a meeting of the Council headed by Lekh Raj Bhatta, Minister for Commerce and Supplies.</p>
<p>
	According to the directive, the eateries are required to display the price list at a publicly visible location inside the shop and to maintain standard sanitation on the kitchen, eating area and the toilet. According to the directive, the monitoring officials after inspection will issue card of different colours to the hotels and restaurants. The colours will represent the level of standards maintained. –Accordingly, the green will be for 80 per cent and above of the standard, blue for less than 80 per cent and yellow for less than 40 per cent.</p>
<p>
	Businesses that run without license will be slapped up to five years of imprisonment or fined Rs 100,000. If a consumers faces long term health problems from consumption of unhealthy food in a restaqurant, such service providers will be sent for 15 years of imprisonment or fined Rs 500,000 or both.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '',
			'sortorder' => '443',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '538',
			'article_category_id' => '34',
			'title' => 'LG Dashain Tihar Kya Sandar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="bottom" alt="LG Dashain Tihar Kya Sandar" border="2" height="200" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/3rd.jpg" vspace="2" width="300" />Gopi Maharjan has won the bumper prize of LG 32” LED and Home Theatre under the festive scheme ‘LG Dashain Tihar Kya Sandar’ launched by CG Electronics. Maharjan, a Kumaripati resident won the prize with coupon number 007045 on the purchase of an LG Refrigerator. The scheme was launched to provide sure-shot gifts on the purchase of every LG product.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '‘LG Dashain Tihar Kya Sandar',
			'sortorder' => '442',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '537',
			'article_category_id' => '34',
			'title' => 'Sher Remit Ties Up With AFX FastRemit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration. Under the <img align="right" alt="" border="1" height="262" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/2nd-photo.jpg" vspace="2" width="300" />agreement signed in Doha, Sher Remit has become the principal agent in Nepal of AFX FastRemit – remittance wing of Al Fardan Exchange. According to Ashish Sherchan, Managing Director of Sher Remit, beneficiaries in Nepal can receive money remitted through AFX FastRemit from 900 agents of Sher Remit throughout the country or NABIL bank, as per their convenience.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration.',
			'sortorder' => '441',
			'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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		'Article' => array(
			'id' => '536',
			'article_category_id' => '34',
			'title' => 'Czech-Nepal Investment In Trishuli III',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company. STEF Group, a Czech energy and Nepal’s Santoshi Hydropower will be mutually developing the project. The Czech company has also shown interest to invest in small hydroelectricity projects of up to 1 MW that are particularly suitable for rural electrification. Vishnu Kumar Agrawal, Honorary Consul of the Czech Republic in Nepal said that Czechs are interested to invest in three large hydro projects in Nepal. However, he refused to name the projects as the discussions are still in the primary stage. Narendra Kumar Basnyat, Acting President of Confederation of Nepalese Industries (CNI) said that Czechs are interested to expand business and investment in Nepal through cooperation.  
	 </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company.',
			'sortorder' => '440',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '535',
			'article_category_id' => '34',
			'title' => 'Tourism Decade In Offing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector. “International promotional programmes scheduled during tourism year will be carried out only in 2012. That is why a plan of tourism decade is being formulated,” he said. He opined that the tourism decade should be celebrated till 2020 so that the excitement of NTY extends to rural areas. He also informed that the conclusion of NTY will coincide with the inauguration of Visit Lumbini Year 2012.</p>
<p>
	An extravagant ceremony is planned to be held in Lumbini for this purpose. The government had allocated Rs 130 million for tourism promotion for fiscal year 2011/12. However, the amount will only be spent in 2012. Joshi said the enthusiasm seen from the private sector, general public and political leadership is necessary to be continued further in the future too. The lapses of NTY can be corrected in the coming nine years long campaign, according to immediate past CEO of Nepal Tourism Board, Prachanda Man Shrestha. He also said that it is vital to introduce new and unique programmes to attract tourists every year.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector',
			'sortorder' => '439',
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			'homepage' => false,
			'breaking_news' => false,
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			'id' => '534',
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			'title' => 'ICT Association Elects New Working Committee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img align="absMiddle" alt="ICT Association Elects New Working Committee" border="1" height="349" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz1.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively. The new executive committee also has Shobhan Sainju, Dilip Kundaliya, Shirish Murarka, Nikhil Bansal and Sandesh Nyachhyon as members.</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively.',
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			'id' => '508',
			'article_category_id' => '34',
			'title' => 'Indian Interest Rate 5 Times Higher Than Nepal’s',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.” RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
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			'description' => 'Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank,',
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			'id' => '507',
			'article_category_id' => '34',
			'title' => 'International Trademark For Nepali Coffee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for trademark registration in 10 countries including USA, Canada, European Union, Switzerland, Norway, Australia, South Korea, Japan, Hong Kong, and Singapore. Shyam Prasad Bhandari, President of FCT said Nepali coffee is sure to get trademark in many those countries. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Bhandari said a unique trademark is being developed so that Nepali coffee can be easily identified which in turn helps to enhance the trust level and promote it in the international market. He said it takes six to 18 months for approval and FCT is optimistic to get this brand recognition tool as the demand of Nepali coffee is now growing in these international markets. In the second phase, trademark will be registered in the countries like Bhutan, China, Taiwan, Kenya, UAE, among others. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">It has been agreed with Trade and Export Promotion Centre that 70 per cent of the registration cost will be borne by the government and the rest by the traders. Registration of trademark in 10 countries would cost something about Rs 5 million. After this global recognition, all the coffee produced in Nepal will bear an uniform logo. Currently, different producers are using different logos developed by them in isolation .</span></p>',
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			'id' => '506',
			'article_category_id' => '34',
			'title' => 'Industries Rob NEA Of Rs 70 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million. The revelation came after a team from NEA’s Electricity Leakage Control Division inspected the Time of the Day (ToD) electricity meters of the industrial and business customers in Dhading, Gorkha, Kawasoti, Bharatpur, Tandi, Simara and Birgunj last month. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">“The inspection of the ToD meters of these clients also showed that 15 million units of electricity was not billed due to under-billing or leakage and pilferage,” said NEA Executive Directive Dipendra Nath Sharma, “Based on the prevailing tariff rates and the demand concession, the amount that the NEA needs to recover from these clients for stolen electricity totals around Rs 70 million.” <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">The industries which have stolen electricity by tampering ToD meters include KP Cement, Nirapus Plastic Industry, Safari Adventure Lodge, Shree Simran Crusher Industry, Koshi Gas Industry, Ghimire Furniture and Popular Rice Mill. These industries were found to have tampered with their ToD meters to steal electricity. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">There are 4,000 ToD meters in use by industries and business houses across the country. Sharma informed that NEA was planning to install GPRS equipment at all these ToD meters so that the NEA headquarters would be able to calculate the exact units of electricity used by these customers. “We will have installed this equipment at all ToD meters within the next one year. We have now intensified the campaign to control electricity leakage in the industrial corridor,” said Sharma.</span></p>',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'id' => '546',
			'article_category_id' => '34',
			'title' => 'Six Financial Institutions Approved For Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge. Board meeting of NRB held on November 10 decided to approve the merger proposals received from financial institutions, according to Bhaskar Mani Gyawali, Spokesperson at NRB. He informed that the central bank has provided letter of intent to merger proposal of Pashupati Development Bank and Lord Buddha Finance, Business Development Bank and Universal Finance, Annapurna Development Bank and Suryadarshan Finance. &nbsp;</p>',
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			'created' => '2012-02-22',
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			'description' => 'Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge',
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			'title' => 'Laxmi Steels Gets NS Certification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate (NS 191) from the Government of Nepal. Within a short span of establishment, it has proved to be among the most reliable brands in the Nepali market, says the company</p>
<p>
	.<img align="middle" alt="" border="5" height="64" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/invest.jpg" vspace="2" width="300" /></p>
<p>
	Guaranteed best quality steels, excellent services, easy availability, regularity in supply and quality consistency has earned consumers’ reliability towards the company and its products, it adds.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate',
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			'article_category_id' => '34',
			'title' => 'Nepal Bank Capital To Reach Rs 4 Billion',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Bank Limited is set to increase its paid up capital to Rs 4 billion. Nepal Rastra Bank (NRB) approved the banks’ proposal to increase the capital base. Deputy Governor of NRB, Maha Prasad Adhikari said that the central bank approved the banks’ proposal to increase capital by issuing rights share. The bank has proposed to issue nine rights shares against one existing share. Currently, the bank has Rs 383 million paid up capital.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Bank Limited is set to increase its paid up capital',
			'sortorder' => '447',
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			'id' => '542',
			'article_category_id' => '34',
			'title' => 'Nepal's HDI Improves',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal's Human Development Index (HDI) has increased from 0.428 in 2010 to 0.458 in 2011, according to the latest report from the United Nations Development Programme (UNDP). However, Nepal has slipped 19 steps down in the international rankings, shows this year's report. Human Development Report . This year's Human Development Report titled, Equity and Sustainability:</p>
<p>
	A Better Future for All places Nepal 157th out of 187 countries. Nepal was ranked 138th out of 169 countries in 2010, which was five slots higher than in 2005. HDI is calculated as an average of the literacy rate, life expectancy and per capita income of the respective country. An improvement in any of these indicators helps improve the HDI. The report in 2010 had listed Nepal among the 10 countries that made most significant progress in HDI because of improvement in health and education.</p>
<p>
	Development progress in the world's poorest countries could be halted or even reversed by mid-century unless bold steps are taken now to slow climate change, prevent further environmental damage, and reduce deep inequalities within and among nations, reads the report. The report says that environment can only be saved if the growing energy demand can be managed and with improvement in ecology, education, health, income, and gender equality. Norway, Australia and the Netherlands lead the world in the 2011 HDI while Democratic Republic of Congo, Niger and Burundi are at the bottom of the list. Similarly, China stands at 101 and India in 134th position. China and India were ranked 89 and 119 respectively in 2010. ï</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-10-31',
			'keywords' => '',
			'description' => 'Nepal's Human Development Index (HDI) has increased',
			'sortorder' => '446',
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			'id' => '541',
			'article_category_id' => '34',
			'title' => 'BOS Launches SAP UAcademy Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Leveraging on the success of its SAP e-Academy programme, Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme. BOS, the only authorised SAP software product training centre in Nepal, has been providing SAP training for the last three years under a programme called SAP e-Academy. SAP uAcademy programme has been designed to benefit college students in their undergraduate and graduate levels. BOS is offering the courses ranging from Euro 150 to Euro 1200 – 50 per cent less cost than its normal SAP e-Academy course fees – making it the most affordable SAP training courses available in the country.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme.',
			'sortorder' => '445',
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			'id' => '540',
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			'title' => 'Civil Mall Mala Maal Festival 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="textTop" alt="Civil Mall Mala Maal Festival 2011" border="3" height="217" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(2).jpg" vspace="3" width="300" /></p>
<p>
	<strong>Tata Vista Winner Karuna Kharel (left) receiving car keys</strong></p>
<p>
	Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011’ amidst a prize distribution programme held recently. While Karuna Kharel won a brand new Tata Vista Car as bumper prize, Dinesh Thapa won the ‘Trip to Dubai’ for two individuals. Besides Tata Vista and Fly Dubai, other sponsors of the programme included Samsung, Pepsi, LG, Emirates and IFB.</p>
<p>
	Civil Mall had the offer on from 2nd September to 26th October 2011 that straddled Dashain and Tihar festivals. Nishant Shrestha, Head – Marketing and Communications of Civil Mall said, “The event generated an approximate traffic of over 50,000 shoppers. More than 17,000 people participated in the programme of which 76 turned out to be lucky winners.” </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011',
			'sortorder' => '444',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '539',
			'article_category_id' => '34',
			'title' => 'Guidelines For Hotels And Restaurants',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Consumer Protection Council (CPC) has endorsed a set of guidelines on monitoring of hotels, lodges, restaurants and other public resthouses as well as readymade food joints. This decision was made on November 6 by a meeting of the Council headed by Lekh Raj Bhatta, Minister for Commerce and Supplies.</p>
<p>
	According to the directive, the eateries are required to display the price list at a publicly visible location inside the shop and to maintain standard sanitation on the kitchen, eating area and the toilet. According to the directive, the monitoring officials after inspection will issue card of different colours to the hotels and restaurants. The colours will represent the level of standards maintained. –Accordingly, the green will be for 80 per cent and above of the standard, blue for less than 80 per cent and yellow for less than 40 per cent.</p>
<p>
	Businesses that run without license will be slapped up to five years of imprisonment or fined Rs 100,000. If a consumers faces long term health problems from consumption of unhealthy food in a restaqurant, such service providers will be sent for 15 years of imprisonment or fined Rs 500,000 or both.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '',
			'sortorder' => '443',
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		'Article' => array(
			'id' => '538',
			'article_category_id' => '34',
			'title' => 'LG Dashain Tihar Kya Sandar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="bottom" alt="LG Dashain Tihar Kya Sandar" border="2" height="200" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/3rd.jpg" vspace="2" width="300" />Gopi Maharjan has won the bumper prize of LG 32” LED and Home Theatre under the festive scheme ‘LG Dashain Tihar Kya Sandar’ launched by CG Electronics. Maharjan, a Kumaripati resident won the prize with coupon number 007045 on the purchase of an LG Refrigerator. The scheme was launched to provide sure-shot gifts on the purchase of every LG product.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '‘LG Dashain Tihar Kya Sandar',
			'sortorder' => '442',
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			'homepage' => false,
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			'id' => '537',
			'article_category_id' => '34',
			'title' => 'Sher Remit Ties Up With AFX FastRemit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration. Under the <img align="right" alt="" border="1" height="262" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/2nd-photo.jpg" vspace="2" width="300" />agreement signed in Doha, Sher Remit has become the principal agent in Nepal of AFX FastRemit – remittance wing of Al Fardan Exchange. According to Ashish Sherchan, Managing Director of Sher Remit, beneficiaries in Nepal can receive money remitted through AFX FastRemit from 900 agents of Sher Remit throughout the country or NABIL bank, as per their convenience.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration.',
			'sortorder' => '441',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '536',
			'article_category_id' => '34',
			'title' => 'Czech-Nepal Investment In Trishuli III',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company. STEF Group, a Czech energy and Nepal’s Santoshi Hydropower will be mutually developing the project. The Czech company has also shown interest to invest in small hydroelectricity projects of up to 1 MW that are particularly suitable for rural electrification. Vishnu Kumar Agrawal, Honorary Consul of the Czech Republic in Nepal said that Czechs are interested to invest in three large hydro projects in Nepal. However, he refused to name the projects as the discussions are still in the primary stage. Narendra Kumar Basnyat, Acting President of Confederation of Nepalese Industries (CNI) said that Czechs are interested to expand business and investment in Nepal through cooperation.  
	 </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company.',
			'sortorder' => '440',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '535',
			'article_category_id' => '34',
			'title' => 'Tourism Decade In Offing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector. “International promotional programmes scheduled during tourism year will be carried out only in 2012. That is why a plan of tourism decade is being formulated,” he said. He opined that the tourism decade should be celebrated till 2020 so that the excitement of NTY extends to rural areas. He also informed that the conclusion of NTY will coincide with the inauguration of Visit Lumbini Year 2012.</p>
<p>
	An extravagant ceremony is planned to be held in Lumbini for this purpose. The government had allocated Rs 130 million for tourism promotion for fiscal year 2011/12. However, the amount will only be spent in 2012. Joshi said the enthusiasm seen from the private sector, general public and political leadership is necessary to be continued further in the future too. The lapses of NTY can be corrected in the coming nine years long campaign, according to immediate past CEO of Nepal Tourism Board, Prachanda Man Shrestha. He also said that it is vital to introduce new and unique programmes to attract tourists every year.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector',
			'sortorder' => '439',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'main_news' => false,
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		'Article' => array(
			'id' => '534',
			'article_category_id' => '34',
			'title' => 'ICT Association Elects New Working Committee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img align="absMiddle" alt="ICT Association Elects New Working Committee" border="1" height="349" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz1.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively. The new executive committee also has Shobhan Sainju, Dilip Kundaliya, Shirish Murarka, Nikhil Bansal and Sandesh Nyachhyon as members.</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively.',
			'sortorder' => '438',
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		'Article' => array(
			'id' => '508',
			'article_category_id' => '34',
			'title' => 'Indian Interest Rate 5 Times Higher Than Nepal’s',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.” RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank,',
			'sortorder' => '414',
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		'Article' => array(
			'id' => '507',
			'article_category_id' => '34',
			'title' => 'International Trademark For Nepali Coffee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for trademark registration in 10 countries including USA, Canada, European Union, Switzerland, Norway, Australia, South Korea, Japan, Hong Kong, and Singapore. Shyam Prasad Bhandari, President of FCT said Nepali coffee is sure to get trademark in many those countries. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Bhandari said a unique trademark is being developed so that Nepali coffee can be easily identified which in turn helps to enhance the trust level and promote it in the international market. He said it takes six to 18 months for approval and FCT is optimistic to get this brand recognition tool as the demand of Nepali coffee is now growing in these international markets. In the second phase, trademark will be registered in the countries like Bhutan, China, Taiwan, Kenya, UAE, among others. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">It has been agreed with Trade and Export Promotion Centre that 70 per cent of the registration cost will be borne by the government and the rest by the traders. Registration of trademark in 10 countries would cost something about Rs 5 million. After this global recognition, all the coffee produced in Nepal will bear an uniform logo. Currently, different producers are using different logos developed by them in isolation .</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for',
			'sortorder' => '413',
			'image' => null,
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		'Article' => array(
			'id' => '506',
			'article_category_id' => '34',
			'title' => 'Industries Rob NEA Of Rs 70 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million. The revelation came after a team from NEA’s Electricity Leakage Control Division inspected the Time of the Day (ToD) electricity meters of the industrial and business customers in Dhading, Gorkha, Kawasoti, Bharatpur, Tandi, Simara and Birgunj last month. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">“The inspection of the ToD meters of these clients also showed that 15 million units of electricity was not billed due to under-billing or leakage and pilferage,” said NEA Executive Directive Dipendra Nath Sharma, “Based on the prevailing tariff rates and the demand concession, the amount that the NEA needs to recover from these clients for stolen electricity totals around Rs 70 million.” <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">The industries which have stolen electricity by tampering ToD meters include KP Cement, Nirapus Plastic Industry, Safari Adventure Lodge, Shree Simran Crusher Industry, Koshi Gas Industry, Ghimire Furniture and Popular Rice Mill. These industries were found to have tampered with their ToD meters to steal electricity. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">There are 4,000 ToD meters in use by industries and business houses across the country. Sharma informed that NEA was planning to install GPRS equipment at all these ToD meters so that the NEA headquarters would be able to calculate the exact units of electricity used by these customers. “We will have installed this equipment at all ToD meters within the next one year. We have now intensified the campaign to control electricity leakage in the industrial corridor,” said Sharma.</span></p>',
			'published' => true,
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			'description' => 'It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million.',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'id' => '546',
			'article_category_id' => '34',
			'title' => 'Six Financial Institutions Approved For Merger',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge. Board meeting of NRB held on November 10 decided to approve the merger proposals received from financial institutions, according to Bhaskar Mani Gyawali, Spokesperson at NRB. He informed that the central bank has provided letter of intent to merger proposal of Pashupati Development Bank and Lord Buddha Finance, Business Development Bank and Universal Finance, Annapurna Development Bank and Suryadarshan Finance. &nbsp;</p>',
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			'description' => 'Nepal Rastra Bank (NRB) has given a go ahead sign to six banks and finance companies willing to merge',
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			'id' => '545',
			'article_category_id' => '34',
			'title' => 'Laxmi Steels Gets NS Certification',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate (NS 191) from the Government of Nepal. Within a short span of establishment, it has proved to be among the most reliable brands in the Nepali market, says the company</p>
<p>
	.<img align="middle" alt="" border="5" height="64" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/invest.jpg" vspace="2" width="300" /></p>
<p>
	Guaranteed best quality steels, excellent services, easy availability, regularity in supply and quality consistency has earned consumers’ reliability towards the company and its products, it adds.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Laxmi Steels Pvt Ltd, a subsidiary company of Saurabh Group, has been recently certified with NS certificate',
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			'id' => '544',
			'article_category_id' => '34',
			'title' => 'Nepal Bank Capital To Reach Rs 4 Billion',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Bank Limited is set to increase its paid up capital to Rs 4 billion. Nepal Rastra Bank (NRB) approved the banks’ proposal to increase the capital base. Deputy Governor of NRB, Maha Prasad Adhikari said that the central bank approved the banks’ proposal to increase capital by issuing rights share. The bank has proposed to issue nine rights shares against one existing share. Currently, the bank has Rs 383 million paid up capital.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Bank Limited is set to increase its paid up capital',
			'sortorder' => '447',
			'image' => null,
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			'id' => '542',
			'article_category_id' => '34',
			'title' => 'Nepal's HDI Improves',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal's Human Development Index (HDI) has increased from 0.428 in 2010 to 0.458 in 2011, according to the latest report from the United Nations Development Programme (UNDP). However, Nepal has slipped 19 steps down in the international rankings, shows this year's report. Human Development Report . This year's Human Development Report titled, Equity and Sustainability:</p>
<p>
	A Better Future for All places Nepal 157th out of 187 countries. Nepal was ranked 138th out of 169 countries in 2010, which was five slots higher than in 2005. HDI is calculated as an average of the literacy rate, life expectancy and per capita income of the respective country. An improvement in any of these indicators helps improve the HDI. The report in 2010 had listed Nepal among the 10 countries that made most significant progress in HDI because of improvement in health and education.</p>
<p>
	Development progress in the world's poorest countries could be halted or even reversed by mid-century unless bold steps are taken now to slow climate change, prevent further environmental damage, and reduce deep inequalities within and among nations, reads the report. The report says that environment can only be saved if the growing energy demand can be managed and with improvement in ecology, education, health, income, and gender equality. Norway, Australia and the Netherlands lead the world in the 2011 HDI while Democratic Republic of Congo, Niger and Burundi are at the bottom of the list. Similarly, China stands at 101 and India in 134th position. China and India were ranked 89 and 119 respectively in 2010. ï</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '2012-10-31',
			'keywords' => '',
			'description' => 'Nepal's Human Development Index (HDI) has increased',
			'sortorder' => '446',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'id' => '541',
			'article_category_id' => '34',
			'title' => 'BOS Launches SAP UAcademy Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Leveraging on the success of its SAP e-Academy programme, Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme. BOS, the only authorised SAP software product training centre in Nepal, has been providing SAP training for the last three years under a programme called SAP e-Academy. SAP uAcademy programme has been designed to benefit college students in their undergraduate and graduate levels. BOS is offering the courses ranging from Euro 150 to Euro 1200 – 50 per cent less cost than its normal SAP e-Academy course fees – making it the most affordable SAP training courses available in the country.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Blue Ocean Systems (BOS) has now launched an SAP uAcademy programme.',
			'sortorder' => '445',
			'image' => null,
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			'id' => '540',
			'article_category_id' => '34',
			'title' => 'Civil Mall Mala Maal Festival 2011',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="textTop" alt="Civil Mall Mala Maal Festival 2011" border="3" height="217" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/car(2).jpg" vspace="3" width="300" /></p>
<p>
	<strong>Tata Vista Winner Karuna Kharel (left) receiving car keys</strong></p>
<p>
	Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011’ amidst a prize distribution programme held recently. While Karuna Kharel won a brand new Tata Vista Car as bumper prize, Dinesh Thapa won the ‘Trip to Dubai’ for two individuals. Besides Tata Vista and Fly Dubai, other sponsors of the programme included Samsung, Pepsi, LG, Emirates and IFB.</p>
<p>
	Civil Mall had the offer on from 2nd September to 26th October 2011 that straddled Dashain and Tihar festivals. Nishant Shrestha, Head – Marketing and Communications of Civil Mall said, “The event generated an approximate traffic of over 50,000 shoppers. More than 17,000 people participated in the programme of which 76 turned out to be lucky winners.” </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Mall announced the winners of ‘Tata Vista – Civil Mall Dashain Tihar Mala Maal Festival 2011',
			'sortorder' => '444',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '539',
			'article_category_id' => '34',
			'title' => 'Guidelines For Hotels And Restaurants',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The Consumer Protection Council (CPC) has endorsed a set of guidelines on monitoring of hotels, lodges, restaurants and other public resthouses as well as readymade food joints. This decision was made on November 6 by a meeting of the Council headed by Lekh Raj Bhatta, Minister for Commerce and Supplies.</p>
<p>
	According to the directive, the eateries are required to display the price list at a publicly visible location inside the shop and to maintain standard sanitation on the kitchen, eating area and the toilet. According to the directive, the monitoring officials after inspection will issue card of different colours to the hotels and restaurants. The colours will represent the level of standards maintained. –Accordingly, the green will be for 80 per cent and above of the standard, blue for less than 80 per cent and yellow for less than 40 per cent.</p>
<p>
	Businesses that run without license will be slapped up to five years of imprisonment or fined Rs 100,000. If a consumers faces long term health problems from consumption of unhealthy food in a restaqurant, such service providers will be sent for 15 years of imprisonment or fined Rs 500,000 or both.  &nbsp;</p>',
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			'id' => '538',
			'article_category_id' => '34',
			'title' => 'LG Dashain Tihar Kya Sandar',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="bottom" alt="LG Dashain Tihar Kya Sandar" border="2" height="200" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/3rd.jpg" vspace="2" width="300" />Gopi Maharjan has won the bumper prize of LG 32” LED and Home Theatre under the festive scheme ‘LG Dashain Tihar Kya Sandar’ launched by CG Electronics. Maharjan, a Kumaripati resident won the prize with coupon number 007045 on the purchase of an LG Refrigerator. The scheme was launched to provide sure-shot gifts on the purchase of every LG product.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '‘LG Dashain Tihar Kya Sandar',
			'sortorder' => '442',
			'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' => '537',
			'article_category_id' => '34',
			'title' => 'Sher Remit Ties Up With AFX FastRemit',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration. Under the <img align="right" alt="" border="1" height="262" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/2nd-photo.jpg" vspace="2" width="300" />agreement signed in Doha, Sher Remit has become the principal agent in Nepal of AFX FastRemit – remittance wing of Al Fardan Exchange. According to Ashish Sherchan, Managing Director of Sher Remit, beneficiaries in Nepal can receive money remitted through AFX FastRemit from 900 agents of Sher Remit throughout the country or NABIL bank, as per their convenience.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Al Fardan Exchange Company LLC, a prominent financial institution of Qatar, and Sher Remit Pvt Ltd, a newly established remittance handling company of Nepal, have inked an agreement for mutual collaboration.',
			'sortorder' => '441',
			'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' => '536',
			'article_category_id' => '34',
			'title' => 'Czech-Nepal Investment In Trishuli III',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company. STEF Group, a Czech energy and Nepal’s Santoshi Hydropower will be mutually developing the project. The Czech company has also shown interest to invest in small hydroelectricity projects of up to 1 MW that are particularly suitable for rural electrification. Vishnu Kumar Agrawal, Honorary Consul of the Czech Republic in Nepal said that Czechs are interested to invest in three large hydro projects in Nepal. However, he refused to name the projects as the discussions are still in the primary stage. Narendra Kumar Basnyat, Acting President of Confederation of Nepalese Industries (CNI) said that Czechs are interested to expand business and investment in Nepal through cooperation.  
	 </p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Trishuli III, a 24.95 megawatt (MW) hydroelectricity project is being financed jointly by Czech Republic and a Nepali company.',
			'sortorder' => '440',
			'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' => '535',
			'article_category_id' => '34',
			'title' => 'Tourism Decade In Offing',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector. “International promotional programmes scheduled during tourism year will be carried out only in 2012. That is why a plan of tourism decade is being formulated,” he said. He opined that the tourism decade should be celebrated till 2020 so that the excitement of NTY extends to rural areas. He also informed that the conclusion of NTY will coincide with the inauguration of Visit Lumbini Year 2012.</p>
<p>
	An extravagant ceremony is planned to be held in Lumbini for this purpose. The government had allocated Rs 130 million for tourism promotion for fiscal year 2011/12. However, the amount will only be spent in 2012. Joshi said the enthusiasm seen from the private sector, general public and political leadership is necessary to be continued further in the future too. The lapses of NTY can be corrected in the coming nine years long campaign, according to immediate past CEO of Nepal Tourism Board, Prachanda Man Shrestha. He also said that it is vital to introduce new and unique programmes to attract tourists every year.  &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The tourism promotional campaign, Nepal Tourism Year (NTY) 2011, is being extended into tourism decade. Dr Ganesh Raj Joshi, Secretary at the Ministry of Tourism and Civil Aviation said the ongoing campaign will be given continuity in the name of tourism decade to promote investment in this sector',
			'sortorder' => '439',
			'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' => '534',
			'article_category_id' => '34',
			'title' => 'ICT Association Elects New Working Committee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<img align="absMiddle" alt="ICT Association Elects New Working Committee" border="1" height="349" hspace="5" src="http://newbusinessage.com/ckfinder/userfiles/Images/biz1.jpg" vspace="5" width="400" /><br />
	<br />
	<br />
	The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively. The new executive committee also has Shobhan Sainju, Dilip Kundaliya, Shirish Murarka, Nikhil Bansal and Sandesh Nyachhyon as members.</p>',
			'published' => true,
			'created' => '2012-02-21',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The ICT Association of Nepal has elected new executive committee for the period of 2011-2013. While Sagar Dev Lakhe and Bheshraj Poudel are reelected the President and Vice-President respectively, Roshan Bhandari and C N Upadhyay too have been reelected General Secretary and Treasurer, respectively.',
			'sortorder' => '438',
			'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' => '508',
			'article_category_id' => '34',
			'title' => 'Indian Interest Rate 5 Times Higher Than Nepal’s',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.” RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank,',
			'sortorder' => '414',
			'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' => '507',
			'article_category_id' => '34',
			'title' => 'International Trademark For Nepali Coffee',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for trademark registration in 10 countries including USA, Canada, European Union, Switzerland, Norway, Australia, South Korea, Japan, Hong Kong, and Singapore. Shyam Prasad Bhandari, President of FCT said Nepali coffee is sure to get trademark in many those countries. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">Bhandari said a unique trademark is being developed so that Nepali coffee can be easily identified which in turn helps to enhance the trust level and promote it in the international market. He said it takes six to 18 months for approval and FCT is optimistic to get this brand recognition tool as the demand of Nepali coffee is now growing in these international markets. In the second phase, trademark will be registered in the countries like Bhutan, China, Taiwan, Kenya, UAE, among others. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">It has been agreed with Trade and Export Promotion Centre that 70 per cent of the registration cost will be borne by the government and the rest by the traders. Registration of trademark in 10 countries would cost something about Rs 5 million. After this global recognition, all the coffee produced in Nepal will bear an uniform logo. Currently, different producers are using different logos developed by them in isolation .</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepali coffee is set to receive trademark also in international arena. Federation of Coffee Traders (FCT) in the recommendation of Nepal Tea and Coffee Development Board has filed application for',
			'sortorder' => '413',
			'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' => '506',
			'article_category_id' => '34',
			'title' => 'Industries Rob NEA Of Rs 70 Million',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p style="text-align: justify;">
	<span style="font-size: 14px;">It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million. The revelation came after a team from NEA’s Electricity Leakage Control Division inspected the Time of the Day (ToD) electricity meters of the industrial and business customers in Dhading, Gorkha, Kawasoti, Bharatpur, Tandi, Simara and Birgunj last month. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">“The inspection of the ToD meters of these clients also showed that 15 million units of electricity was not billed due to under-billing or leakage and pilferage,” said NEA Executive Directive Dipendra Nath Sharma, “Based on the prevailing tariff rates and the demand concession, the amount that the NEA needs to recover from these clients for stolen electricity totals around Rs 70 million.” <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size: 14px;">The industries which have stolen electricity by tampering ToD meters include KP Cement, Nirapus Plastic Industry, Safari Adventure Lodge, Shree Simran Crusher Industry, Koshi Gas Industry, Ghimire Furniture and Popular Rice Mill. These industries were found to have tampered with their ToD meters to steal electricity. <br />
	</span></p>
<p style="text-align: justify;">
	<span style="font-size:14px;">There are 4,000 ToD meters in use by industries and business houses across the country. Sharma informed that NEA was planning to install GPRS equipment at all these ToD meters so that the NEA headquarters would be able to calculate the exact units of electricity used by these customers. “We will have installed this equipment at all ToD meters within the next one year. We have now intensified the campaign to control electricity leakage in the industrial corridor,” said Sharma.</span></p>',
			'published' => true,
			'created' => '2011-11-15',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'It has been revealed that 81 industrial customers of Nepal Electricity Authority (NEA) have stolen electricity worth Rs 70 million.',
			'sortorder' => '412',
			'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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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117