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Code Context
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			'id' => '3108',
			'article_category_id' => '91',
			'title' => 'NOC request IOC to supply fuel via Raxaul transit',
			'sub_title' => '',
			'summary' => 'February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.',
			'content' => '<p>February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.</p>

<p>NOC General Manager, Gopal Bahadur Khadka, said that a letter had been dispatched on Sunday. He said supply from Birganj would depend on whether or not the IOC depot in Raxaul has sufficient stock. &nbsp;Following the opening of the Birganj-Raxaul border, goods carriers have started crossing the custom point. But fuel is yet to arrive. More than 60 percent of supplies consumed in the country comes through this transit port.</p>

<p>Only Jogbani transit point has been functional in ferrying fuel into the country since the blockade began.</p>
',
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			'created' => '2016-02-08',
			'modified' => '2016-02-08',
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			'description' => '',
			'sortorder' => '2947',
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			'id' => '3106',
			'article_category_id' => '91',
			'title' => 'Finance Minister leaving for a three-day India visit',
			'sub_title' => '',
			'summary' => 'February 7 : Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli's proposed visit to the neighbouring country.',
			'content' => '<p>February 7 :&nbsp;Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli&#39;s proposed visit to the neighbouring country.</p>

<p>Minister Paudel said that his three-day visit to India was for making preparations for the premier&#39;s visit slated for 19th to 23rd of February. Paudel added that his visit would also focus on alleviating the recent bilateral tension between Nepal and India. The finance minister said that talks would be held with regard to the trade agreements likely to be forged between the two countries. Finance Secretary and Foreign Secretary too are accompanying Minister Paudel in his visit.</p>
',
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			'created' => '2016-02-07',
			'modified' => '2016-02-07',
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			'description' => '',
			'sortorder' => '2946',
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			'article_date' => '2016-02-07 00:00:00',
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			'id' => '3104',
			'article_category_id' => '91',
			'title' => 'Industrialist Lunkaran Das Chaudhary Passes Away ',
			'sub_title' => '',
			'summary' => 'February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4.  His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field. ',
			'content' => '<p>February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4. &nbsp;His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field.&nbsp;</p>

<p>Chaudhary breathed his last while getting treatment at Norvic International Hospital. He was suffering from diabetes and heart problems for a long time.&nbsp;</p>

<p>Born as the elder son of Bhuramal Chaudahry and Sarashowti Devi in B.S. 1979 at Indrachowk, Kathmandu, Lun Karan had entered business field as help to his father who came from Rajasthan, India. But he soon diversified also in industries, beginning with jute, while continuing the trading on cloth.&nbsp;</p>

<p>After the death of his father, he did business under the banner &lsquo;Bhuramal-Lunkaran&rsquo;. His sons expanded further under the banner Chaudhary Group which has gone now international and his eldest son Binod Chaudhary has made into the list of world&rsquo;s billionaires as compiled by Forbes.&nbsp;</p>

<p>He was a champion of chamber movement and was among the founders of different chambers and business associations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepal Marwadi Sewa Samiti. His three sons; Binod, Basant and Arun Chaudhary are running different businesses under the Chaudhary Group. His only daughter, Kusum Agrawal, too, is in a business house.&nbsp;</p>
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			'created' => '2016-02-07',
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			'sortorder' => '2944',
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		'Article' => array(
			'id' => '3055',
			'article_category_id' => '91',
			'title' => 'Nepal Vocational Qualification System Project Launched ',
			'sub_title' => '',
			'summary' => 'December 18: With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.',
			'content' => '<p>December 18:&nbsp;With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.</p>

<p>The NVQS project which will be under the MoE, will be implemented by the Council for Technical Education and Vocational Training (CTEVT) / National Skills Testing Board ((NSTB). Swisscontact will provide the technical assistance.&nbsp;</p>

<p>The NVQS project, which is slated to stretch over a period of ten years, will provide a gateway into jobs for more than 500,000 youths who enter the labour market yearly.&nbsp;</p>

<p>While praising the new initiative, Bishwo Prakash Pandit, secretary at MoE said, &ldquo;Nepal needs economic growth in order to utlise its resources and only skills help to prioritise the development agenda of the country.&rdquo;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2895',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
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			'id' => '3054',
			'article_category_id' => '91',
			'title' => 'NTB Gets CEO after Four Years',
			'sub_title' => '',
			'summary' => 'December 18: Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO. ',
			'content' => '<p>December 18:&nbsp;Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO.&nbsp;</p>

<p>The board selected Joshi as the most eligible candidate. The other two contenders for the post were Gyaneshwor Prasad Singh Mahato and Gyanendra Ratna Tuladhar. Joshi got 39.5 votes and will now lead the NTB for the next four years.&nbsp;</p>

<p>The position of CEO had remained vacant at NTB since November 2011, after the then CEO Prachanda Man Shrestha completed his tenure. &nbsp;&nbsp;</p>
',
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			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2894',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3050',
			'article_category_id' => '91',
			'title' => ' Mega Bank Launches ‘Mega Visa Credit Card’',
			'sub_title' => '',
			'summary' => 'December 17, Kathmandu. Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.',
			'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">December 17, Kathmandu. </span>Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.</p>

<p>Similarly the bank has introduced Mega Visa Travel Card for its customers travelling abroad. The card can be used the world over, said the bank which has already launched Mega Visa Debit Card. &nbsp;</p>

<p>&ldquo;With its association with international brand of VISA Cards, the Bank&rsquo;s Card network has expanded further and even though the Bank has launched Mega Visa Card Products, the customers can still enjoy the benefits of SCT Card in the SCT network,&rdquo; said the press release.&nbsp;</p>

<p>With 29 branches across the country, Mega Bank is currently operating its own 32 Mega Money Machines (ATMs) - 14 inside and 18 outside the Kathmandu Valley.</p>
',
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			'created' => '2015-12-17',
			'modified' => '2015-12-17',
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			'description' => '',
			'sortorder' => '2890',
			'image' => '20151217120341_Clipboard02.jpg',
			'article_date' => '2015-12-17 00:00:00',
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		'Article' => array(
			'id' => '3027',
			'article_category_id' => '91',
			'title' => '‘Court Order an Interference in Rights of Regulatory Agencies’',
			'sub_title' => '',
			'summary' => 'The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies.',
			'content' => '<p>The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies. A writ petition has also been filed at the Supreme Court on November 3 this year on behalf of the IB, demanding annulment of the order for reason of its failing to meet the processes.&nbsp;<br />
A single bench of Supreme Court Justice Devendra Gopal Shrestha issued a mandamus to the Appellate Court on Sunday (Nov 29) to present response stating reasons for issuing the interim order.</p>

<p>The judges of the Appellate Court of Patan Kumar Chudal &nbsp;and Durga Dutta Bhatta &nbsp;had served an interim order in the month of June to stay the payment of liability to the United Insurance Company &nbsp;and to &nbsp;stop the business of Agni Insurance Company pending final decision. &nbsp;</p>

<p>The Appellate Court feels that it will be an irreparable loss not to implement the decision of the IB in the context that the insurance and re-insurance have been already done as per legal procedures and the insurance money has been already paid on the basis of evaluation of insurer and re-insurer. The appeal pleads for the payment of entire liability by taking bank guarantee or any other reliable security from the insured against the additional disputed amount if the later demands the payment of insurance money.</p>

<p>CG Electronics of Chaudhari Group had caught fire on October 14, 2012. The IB had decided to stop the payment of insurance and had imposed partial restriction on the company&rsquo;s business saying that the insurance transactions on the loss caused by fire were against law. In the on-the-spot observation report, the IB has said that action was taken for failing to observe even ordinary rules to be followed on the rate of fire insurance and for failing to inform about the insurance transactions carried out with the management. The company had provided waiver on the insurance fees illegally for installing fire control system. The report of the survey, however, shows that upon inquiry it was discovered that no fire control system was ever installed and that the fire was extinguished with the use of fire brigade.&nbsp;</p>

<p>&nbsp;Based on the unsatisfactory clarification of the chief of the department of risk assessment and payment of claim, the IB has been stating that the order to stop fire insurance business of Agni Insurance and the fine imposed on the concerned employees is legal. The IB, however, is defending itself saying that to hold repeated hearings even after the details of on-the-spot observation, insurance policy report and the clarification of the company on the payment of claim is against natural law.&nbsp;</p>

<p>The company is saying that floater insurance, declared insurance and the insurance of buildings and machineries while insuring the property of Chaudhari Group which is also a founder shareholder of Insurance Company. But the Committee has concluded that the insured amount of equipment have not been quoted, &nbsp;Insurance fees have not been adjusted, proposal forms were not properly filled and insurance was done on credit by accepting risk without receiving insurance fees. The company has made it clear that it has directed to refund the paid insurance amount from the Chaudhari Group saying that it is against basic arrangement of insurance and also against law to get more payment than the cost of the actual stock of insured objects.&nbsp;</p>

<p>The appeal says that the action of the court to order the payment of the insurance claim treading in areas where its responsibility is not established, is out of its jurisdiction and erroneous. The IB has been a systematic and advanced regulatory agency of the insurance business. It has the authority to register the insurer, renew policies, stop insurance business in course of regulation, order payment claim, carry out observation and supervision as well as take action. In such situation, the interim order issued before the final verdict from the Appellate Court risks ending the rationale of the regulatory agencies.</p>

<p style="text-align: right;"><strong>--by Gopal Saud</strong></p>
',
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			'created' => '2015-11-30',
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			'sortorder' => '2867',
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		'Article' => array(
			'id' => '3025',
			'article_category_id' => '91',
			'title' => 'Standard Chartered Nepal Organises Walkathon 2015',
			'sub_title' => '',
			'summary' => 'Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an “initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.”',
			'content' => '<p>Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an &ldquo;initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.&rdquo;</p>

<p>According to a press release, the funds raised from this event will go towards the bank&rsquo;s &lsquo;Seeing is Believing&rsquo; initiative through which eye and eye care services are being continued.</p>

<p>It may be recalled here that under the Bank&rsquo;s Seeing is Believing initiative, Biratnagar Eye Hosptial received a financial support of USD one million for the expansion of its project. Similarly, the bank&rsquo;s additional Seeing is Believing project of USD one million (Rs 105 million) is currently in progress with Tilganga Institute of Ophthalmology for funding their major expansion project covering Bhaktapur and Nuwakot districts. &nbsp;</p>

<p>Tara Management Pvt. Ltd. was the Main Sponsor of this event whereas National Insurance Company Ltd. and Viswakarma Cement were the Sponsors; Umrao Data Centre and Nepal Dhaka Udhyog Pvt Ltd. supported the event whilst The Himalayan Times was the Exclusive Media Partner.</p>

<p>The bank&rsquo;s staff, customers, partner organisations supporting this event including Maiti Nepal and various other stakeholders participated in the vent. The Walk, which was attended by approx. 400 people started from the bank&rsquo;s branch office at Lazimpat to the Head Office in New Baneshwor.&nbsp;</p>
',
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			'created' => '2015-11-29',
			'modified' => '2015-11-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2865',
			'image' => '20151129064507_Final-Day-Image-1.jpg',
			'article_date' => '2015-11-29 00:00:00',
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		'Article' => array(
			'id' => '3023',
			'article_category_id' => '91',
			'title' => ' End of an Era: Banwarilal Mittal Passes Away (OBITUARY )',
			'sub_title' => '',
			'summary' => 'One of Nepal’s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country’s airline industry. ',
			'content' => '<p>One of Nepal&rsquo;s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country&rsquo;s airline industry. He had started a helicopter service in Nepal in 2055 BS with the brand name of Shree Airlines Pvt. with a view to provide air services to remote areas.</p>

<p>Established as the largest airlines company in the country, the helicopters of Shree Airlines are still providing air services to remote Himalayan and hilly districts of Nepal. It has also successfully provided air services for various UN peace missions and the UN World Food Programme. Mittal had started the service with a fleet of five helicopters.&nbsp;</p>

<p>Mittal was born to a business house at Watu Tole in Kathmandu in 1992 BS. His was a family which had earned the reputation of being one of the 32 Kothi Mahajans (thirty two eminent business households). Initially, he had started his career with a clothes store known as Hanumandas Clothes Store traditionally run by his father. After coming back from his studies, he set up B.L. Mittal and Mittal and Construction Company in 2015 BS. Through this company, he accomplished the construction of the Kathmadu-Janakpur Road, Nepalgunj-Surkhet Road and a number of irrigation projects. As democracy was at an initial stage, he started an import business through Mittal and Company in 2023 BS. He left this business in 2054. He also imported garments from China and Korea through his Sugan Garment Company. He also established North Nepal Tea Estate Company. He took a dealership of the National Trading Company in 2021 B.S. and participated in the World Trade Expo held in Japan in 2027 B.S. by setting up a company stall.</p>

<p>Soft spoken and transparent, he liked good business practices and encouraged others to do the same. He believed that only the wealth earned through one&rsquo;s sweat and hard labour would last and that anything that is earned through deception would not give spiritual happiness. He also considered it a great act of piety to spend part of the profit in social service. He unswervingly followed the path of integrity throughout his life. The swelling crowd of mourners who had reached Aryaghat for his funeral vindicated this.&nbsp;</p>

<p>His contribution to the country&rsquo;s chamber movement is memorable. Mittal, who held the position of a member of the central working committee of the Nepal Chambers of Commerce was also a founding chairperson of Nepal Construction Entrepreneurs&rsquo; Association. He was one of the founders of the Confederation of Nepalese Industries and was former chairperson of Marwadi Sewa Samiti. He had held positions like acting treasurer of the Pashupati Area Development Trust, was a founding member of Nepal Eye Hospital and founding treasurer of Nepal Netrajyoti Sangh. Founder of Alok Bidyashram, he was also the founding director of the South Asian Institute of Management. Adviser to the Nepal National Marwadi Council, he was affiliated with many religious, business and social institutions. Mittal, who also dedicated his thoughts to Nepal&rsquo;s politics, was considered an intellect of the business community. He belonged to the few people who have carried out serious study of Vedic religion and culture.&nbsp;</p>

<p>He was a business person but stood out from the crowd. He often said, &ldquo;I wanted to know about the way of life of the hill people. I noticed that people in the hills have a compulsion to trek for four hours only to fetch drinking water. After that I took the contract for building the Kathmandu-Trisuli Highway.&rdquo; He visited Japan and Australia five decades ago to learn the ropes of business. He said that he learnt the art of business from the association he had with the business persons of these countries.&nbsp;</p>

<p>Always proud of serving the nation through business, he was decorated with the Suprabal Gorkha Dakshinbahu Third, Coronation Medal, Birendra-Aishwarya Medal and many other national honours. He is survived by his wife, a son and two daughters.&nbsp;</p>
',
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			'created' => '2015-11-27',
			'modified' => '2015-11-27',
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			'description' => '',
			'sortorder' => '2863',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3016',
			'article_category_id' => '91',
			'title' => '‘Resolve Blockade and Madhes Movement Soon’',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India’s unofficial blockade and the Madhes movement through diplomatic and political channels. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India&rsquo;s unofficial blockade and the Madhes movement through diplomatic and political channels. A delegation NCC representatives led by its Chairperson Rajeshkaji Shrestha made this request to Paudel on Wednesday.</p>

<p>During the meeting Chairperson Shrestha drew Paudel&rsquo;s attention to the decline and shrinkage of national economy because of the blockade of border points for months against the expectation of the private sector that the new constitution would pave the way for durable peace and prosperity of the nation.</p>

<p>He said that the unending strike and blockade had totally destroyed business and the business community was in a state of moving out. Reminding him of the feedbacks and suggestions provided by the private sector earlier, Chairperson Shrestha stressed &nbsp;the need to form a working group with the participation of the private sector to identify, assess and resolve the ongoing problems to stop further deterioration of the economy. &nbsp;</p>

<p>Acting President Paudel said that his party was taking various initiatives including the amendment of the constitution for the resolution of the problem. He also said that the Nepali Congress was in dialogue with the Madhes-based parties and expressed the confidence of finding an early way out.&nbsp;</p>

<p>The delegation also consisted of First Chairperson of the Chamber Gyanendraratna Tuladhar, Second Chairperson Rajendra Malla and Secretary General Kamalesh Kumar Agrawal. &nbsp;</p>
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			'id' => '3017',
			'article_category_id' => '91',
			'title' => ' Global IME Opens Branch at Sukedhara',
			'sub_title' => '',
			'summary' => 'November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. ',
			'content' => '<p>November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. The Bank has 31 branches in Kathmandu alone including in Sukedhara. The bank has a deposit of Rs 63 billion and has loaned out Rs 52 billion.&nbsp;</p>
',
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			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2856',
			'image' => '20151126023827_f;k;sl.jpg',
			'article_date' => '2015-11-26 00:00:00',
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			'id' => '3015',
			'article_category_id' => '91',
			'title' => 'NCC Pays Tribute to Mittal ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months.&nbsp;</p>

<p>Born in Watu Tole, Kathmandu in 1992 BS, Mittal had entered the NCC as its working committee member in 2029 B.S. He was its chairperson from 2046 to 2050 BS.</p>

<p>NCC has expressed deep condolence to the family of Late Mittal on his tragic death. Eminent industrialist Mittal is survived by his wife, a son and two daughters. His last rites were performed at the Pashupati Aryaghat.&nbsp;</p>
',
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			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2855',
			'image' => '20151126023438_kf;lsdkfl;d.jpg',
			'article_date' => '2015-11-26 00:00:00',
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			'id' => '2994',
			'article_category_id' => '91',
			'title' => 'EDC, Chinese NGO sign MoU for solar energy promotion ',
			'sub_title' => '',
			'summary' => 'Energy Development Council (EDC) and China’s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC’s executive manager Itnuma Subba and Society's General Secretary Chang Nan Nanma. ',
			'content' => '<p>Energy Development Council (EDC) and China&rsquo;s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC&rsquo;s executive manager Itnuma Subba and Society&#39;s General Secretary Chang Nan Nanma.&nbsp;</p>

<p>According to the information provided by EDC, the MoU aims at creating friendly environment to promote, expand and develop solar energy in both countries, holding high-level discussion programme between the two sides, and exchanging travel programmes for the understanding between two countries.&nbsp;</p>

<p>EDC officials said the Chinese side are willing to immediately invest in solar projects of 25 to 500 MW capacity, adding that it is possible to complete such projects in three months.&nbsp;</p>

<p>Shenzhen is a non-profit social organization established in China. The organization has 350 members globally, including some of the world&#39;s largest solar energy companies.&nbsp;</p>

<p>The MoU signing ceremony was attended by Deputy Prime Minister and Energy Minister Top Bahadur Rayamajhi, Chairman of EDC Sujit Acharya, and General Secretary of China Renewable Energy Society PV Committee, Lu Fang.&nbsp;</p>
',
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			'created' => '2015-11-15',
			'modified' => '2015-11-15',
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			'description' => '',
			'sortorder' => '2834',
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			'article_date' => '2015-11-15 00:00:00',
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		'Article' => array(
			'id' => '2962',
			'article_category_id' => '91',
			'title' => 'OCHA's concern over halt of delivery of humanitarian aid in lack of fuel',
			'sub_title' => '',
			'summary' => 'October 25: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.',
			'content' => '<p style="text-align: justify;"><span style="font-size:14px"><strong>October 25:</strong> The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">A statement issued today by Jamie McGoldrick, Humanitarian Coordinator in Nepal, read that six months after the devastating earthquakes that shook Nepal in April, humanitarian partners provided emergency shelter to over 700,000 families, but the effect of the coming harsh cold weather, coupled with the lack of fuel, is a matter of concern to reach out to the needy with aids in remote and Himalaya areas of Nepal.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&ldquo;While much has been achieved, the humanitarian community remains committed to meet remaining needs,&rdquo; McGoldrick, however, said in the statement. &ldquo;With the winter on the way, we must ensure adequate shelter and food security, particularly for more than 80,000 families.&rdquo;<br />
&ldquo;But present conditions are a concern.&rdquo; Since the end of September, fuel in short supply has impeded progress,&quot; he said.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Meanwhile, the Humanitarian Country Team is urging a quick resolution to the fuel shortage so that winter goods can be quickly delivered to vulnerable households.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&quot;This massive logistical undertaking can be achieved. But the lack of fuel is significantly affecting distribution of goods,&quot; McGoldrick said.<br />
Meanwhile, the Food and Agriculture Organization of the United Nations (FAO) said that it continues to support the government-led efforts to address food security and livelihood needs in the six most-quake hit districts--- Sindhupalchowk, Nuwakot, Dhading, Gorkha, Rasuwa and Dolakha.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Issuing a press release statement on Sunday, FAO said that six months after the earthquakes, vulnerable farmers in the worst-affected districts still need agricultural inputs to continue the rehabilitation and reconstruction process and revive the agricultural sector.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">The press release stated that FAO has already completed an emergency distribution of 42,000 5kg bags of rice seed in advance of the monsoon planting season, adding that it has also distributed 30,000 durable grain and seed storage bags, with 40,000 more to follow, and nearly 20,000 25kg bags of high-nutrition animal feed. <em>RSS</em>&nbsp;</span></p>
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			'created' => '2015-10-25',
			'modified' => '2015-10-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2802',
			'image' => '20151025042514_ocha.jpg',
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		'Article' => array(
			'id' => '2955',
			'article_category_id' => '91',
			'title' => 'NMB Bank’s ‘historic’ merger',
			'sub_title' => '',
			'summary' => 'October 19 : NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.',
			'content' => '<p><span style="font-size:14px"><strong>October 19 :</strong> NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.</span></p>

<p><span style="font-size:14px">Speaking at the programme, NMB Bank Chiarman Pawan Kumar Golyan said that with the merger, the bank now aims at a spot among the country&rsquo;s five major commercial banks.</span></p>

<p><span style="font-size:14px">&ldquo;We now easily can meet the target within two years. We are committed to making the bank an outstanding bank,&rdquo; said the bank&rsquo;s CEO Upendra Poudyal.&nbsp;</span></p>

<p><span style="font-size:14px">NMB Bank&rsquo;s integrated operation following the merger was inaugurated by Deputy Prime Minister Bijaya Kumar Gachchhadar.</span></p>

<p><span style="font-size:14px">Now the bank has a paid-up capital of Rs 6.20 billion, including the reserve fund. The bank was transformed as commercial bank seven years ago after operating as a Class C financial institution for 18 years.</span></p>

<p><span style="font-size:14px">&ldquo;We hope to easily meet the new paid-up capital requirement of Rs 8 billion in the next two years,&rdquo; says Poudyal.</span></p>

<p><span style="font-size:14px">According to Podyal, NMB&rsquo;s foreign partners, Young Lian Malaysia and FMO of the Netherlands, are also going to increase the investment to help raise the paid-up capital.</span></p>

<p><span style="font-size:14px">FMO is going to make a new investment of 20 percent of the paid-up capital after merger. The bank expects that partnership with FMO will assist in energy, international business and capital market and also help create a strong capital base.</span></p>

<p><span style="font-size:14px">After the merger, NMB&rsquo;s total deposit has reached Rs 54 billion and loan Rs 41 billion. Now the bank has 39 branches, 42 ATM outlets and seven extension counters.</span></p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
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$articles = array(
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		'Article' => array(
			'id' => '3108',
			'article_category_id' => '91',
			'title' => 'NOC request IOC to supply fuel via Raxaul transit',
			'sub_title' => '',
			'summary' => 'February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.',
			'content' => '<p>February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.</p>

<p>NOC General Manager, Gopal Bahadur Khadka, said that a letter had been dispatched on Sunday. He said supply from Birganj would depend on whether or not the IOC depot in Raxaul has sufficient stock. &nbsp;Following the opening of the Birganj-Raxaul border, goods carriers have started crossing the custom point. But fuel is yet to arrive. More than 60 percent of supplies consumed in the country comes through this transit port.</p>

<p>Only Jogbani transit point has been functional in ferrying fuel into the country since the blockade began.</p>
',
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			'created' => '2016-02-08',
			'modified' => '2016-02-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2947',
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			'id' => '3106',
			'article_category_id' => '91',
			'title' => 'Finance Minister leaving for a three-day India visit',
			'sub_title' => '',
			'summary' => 'February 7 : Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli's proposed visit to the neighbouring country.',
			'content' => '<p>February 7 :&nbsp;Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli&#39;s proposed visit to the neighbouring country.</p>

<p>Minister Paudel said that his three-day visit to India was for making preparations for the premier&#39;s visit slated for 19th to 23rd of February. Paudel added that his visit would also focus on alleviating the recent bilateral tension between Nepal and India. The finance minister said that talks would be held with regard to the trade agreements likely to be forged between the two countries. Finance Secretary and Foreign Secretary too are accompanying Minister Paudel in his visit.</p>
',
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			'created' => '2016-02-07',
			'modified' => '2016-02-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2946',
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			'article_date' => '2016-02-07 00:00:00',
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		'Article' => array(
			'id' => '3104',
			'article_category_id' => '91',
			'title' => 'Industrialist Lunkaran Das Chaudhary Passes Away ',
			'sub_title' => '',
			'summary' => 'February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4.  His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field. ',
			'content' => '<p>February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4. &nbsp;His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field.&nbsp;</p>

<p>Chaudhary breathed his last while getting treatment at Norvic International Hospital. He was suffering from diabetes and heart problems for a long time.&nbsp;</p>

<p>Born as the elder son of Bhuramal Chaudahry and Sarashowti Devi in B.S. 1979 at Indrachowk, Kathmandu, Lun Karan had entered business field as help to his father who came from Rajasthan, India. But he soon diversified also in industries, beginning with jute, while continuing the trading on cloth.&nbsp;</p>

<p>After the death of his father, he did business under the banner &lsquo;Bhuramal-Lunkaran&rsquo;. His sons expanded further under the banner Chaudhary Group which has gone now international and his eldest son Binod Chaudhary has made into the list of world&rsquo;s billionaires as compiled by Forbes.&nbsp;</p>

<p>He was a champion of chamber movement and was among the founders of different chambers and business associations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepal Marwadi Sewa Samiti. His three sons; Binod, Basant and Arun Chaudhary are running different businesses under the Chaudhary Group. His only daughter, Kusum Agrawal, too, is in a business house.&nbsp;</p>
',
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			'created' => '2016-02-07',
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			'description' => '',
			'sortorder' => '2944',
			'image' => '20160207123455_sdfsdkfdsk;f.jpg',
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		'Article' => array(
			'id' => '3055',
			'article_category_id' => '91',
			'title' => 'Nepal Vocational Qualification System Project Launched ',
			'sub_title' => '',
			'summary' => 'December 18: With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.',
			'content' => '<p>December 18:&nbsp;With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.</p>

<p>The NVQS project which will be under the MoE, will be implemented by the Council for Technical Education and Vocational Training (CTEVT) / National Skills Testing Board ((NSTB). Swisscontact will provide the technical assistance.&nbsp;</p>

<p>The NVQS project, which is slated to stretch over a period of ten years, will provide a gateway into jobs for more than 500,000 youths who enter the labour market yearly.&nbsp;</p>

<p>While praising the new initiative, Bishwo Prakash Pandit, secretary at MoE said, &ldquo;Nepal needs economic growth in order to utlise its resources and only skills help to prioritise the development agenda of the country.&rdquo;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2895',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
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			'id' => '3054',
			'article_category_id' => '91',
			'title' => 'NTB Gets CEO after Four Years',
			'sub_title' => '',
			'summary' => 'December 18: Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO. ',
			'content' => '<p>December 18:&nbsp;Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO.&nbsp;</p>

<p>The board selected Joshi as the most eligible candidate. The other two contenders for the post were Gyaneshwor Prasad Singh Mahato and Gyanendra Ratna Tuladhar. Joshi got 39.5 votes and will now lead the NTB for the next four years.&nbsp;</p>

<p>The position of CEO had remained vacant at NTB since November 2011, after the then CEO Prachanda Man Shrestha completed his tenure. &nbsp;&nbsp;</p>
',
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			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2894',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
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		'Article' => array(
			'id' => '3050',
			'article_category_id' => '91',
			'title' => ' Mega Bank Launches ‘Mega Visa Credit Card’',
			'sub_title' => '',
			'summary' => 'December 17, Kathmandu. Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.',
			'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">December 17, Kathmandu. </span>Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.</p>

<p>Similarly the bank has introduced Mega Visa Travel Card for its customers travelling abroad. The card can be used the world over, said the bank which has already launched Mega Visa Debit Card. &nbsp;</p>

<p>&ldquo;With its association with international brand of VISA Cards, the Bank&rsquo;s Card network has expanded further and even though the Bank has launched Mega Visa Card Products, the customers can still enjoy the benefits of SCT Card in the SCT network,&rdquo; said the press release.&nbsp;</p>

<p>With 29 branches across the country, Mega Bank is currently operating its own 32 Mega Money Machines (ATMs) - 14 inside and 18 outside the Kathmandu Valley.</p>
',
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			'created' => '2015-12-17',
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			'description' => '',
			'sortorder' => '2890',
			'image' => '20151217120341_Clipboard02.jpg',
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			'article_category_id' => '91',
			'title' => '‘Court Order an Interference in Rights of Regulatory Agencies’',
			'sub_title' => '',
			'summary' => 'The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies.',
			'content' => '<p>The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies. A writ petition has also been filed at the Supreme Court on November 3 this year on behalf of the IB, demanding annulment of the order for reason of its failing to meet the processes.&nbsp;<br />
A single bench of Supreme Court Justice Devendra Gopal Shrestha issued a mandamus to the Appellate Court on Sunday (Nov 29) to present response stating reasons for issuing the interim order.</p>

<p>The judges of the Appellate Court of Patan Kumar Chudal &nbsp;and Durga Dutta Bhatta &nbsp;had served an interim order in the month of June to stay the payment of liability to the United Insurance Company &nbsp;and to &nbsp;stop the business of Agni Insurance Company pending final decision. &nbsp;</p>

<p>The Appellate Court feels that it will be an irreparable loss not to implement the decision of the IB in the context that the insurance and re-insurance have been already done as per legal procedures and the insurance money has been already paid on the basis of evaluation of insurer and re-insurer. The appeal pleads for the payment of entire liability by taking bank guarantee or any other reliable security from the insured against the additional disputed amount if the later demands the payment of insurance money.</p>

<p>CG Electronics of Chaudhari Group had caught fire on October 14, 2012. The IB had decided to stop the payment of insurance and had imposed partial restriction on the company&rsquo;s business saying that the insurance transactions on the loss caused by fire were against law. In the on-the-spot observation report, the IB has said that action was taken for failing to observe even ordinary rules to be followed on the rate of fire insurance and for failing to inform about the insurance transactions carried out with the management. The company had provided waiver on the insurance fees illegally for installing fire control system. The report of the survey, however, shows that upon inquiry it was discovered that no fire control system was ever installed and that the fire was extinguished with the use of fire brigade.&nbsp;</p>

<p>&nbsp;Based on the unsatisfactory clarification of the chief of the department of risk assessment and payment of claim, the IB has been stating that the order to stop fire insurance business of Agni Insurance and the fine imposed on the concerned employees is legal. The IB, however, is defending itself saying that to hold repeated hearings even after the details of on-the-spot observation, insurance policy report and the clarification of the company on the payment of claim is against natural law.&nbsp;</p>

<p>The company is saying that floater insurance, declared insurance and the insurance of buildings and machineries while insuring the property of Chaudhari Group which is also a founder shareholder of Insurance Company. But the Committee has concluded that the insured amount of equipment have not been quoted, &nbsp;Insurance fees have not been adjusted, proposal forms were not properly filled and insurance was done on credit by accepting risk without receiving insurance fees. The company has made it clear that it has directed to refund the paid insurance amount from the Chaudhari Group saying that it is against basic arrangement of insurance and also against law to get more payment than the cost of the actual stock of insured objects.&nbsp;</p>

<p>The appeal says that the action of the court to order the payment of the insurance claim treading in areas where its responsibility is not established, is out of its jurisdiction and erroneous. The IB has been a systematic and advanced regulatory agency of the insurance business. It has the authority to register the insurer, renew policies, stop insurance business in course of regulation, order payment claim, carry out observation and supervision as well as take action. In such situation, the interim order issued before the final verdict from the Appellate Court risks ending the rationale of the regulatory agencies.</p>

<p style="text-align: right;"><strong>--by Gopal Saud</strong></p>
',
			'published' => true,
			'created' => '2015-11-30',
			'modified' => '2015-11-30',
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			'sortorder' => '2867',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3025',
			'article_category_id' => '91',
			'title' => 'Standard Chartered Nepal Organises Walkathon 2015',
			'sub_title' => '',
			'summary' => 'Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an “initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.”',
			'content' => '<p>Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an &ldquo;initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.&rdquo;</p>

<p>According to a press release, the funds raised from this event will go towards the bank&rsquo;s &lsquo;Seeing is Believing&rsquo; initiative through which eye and eye care services are being continued.</p>

<p>It may be recalled here that under the Bank&rsquo;s Seeing is Believing initiative, Biratnagar Eye Hosptial received a financial support of USD one million for the expansion of its project. Similarly, the bank&rsquo;s additional Seeing is Believing project of USD one million (Rs 105 million) is currently in progress with Tilganga Institute of Ophthalmology for funding their major expansion project covering Bhaktapur and Nuwakot districts. &nbsp;</p>

<p>Tara Management Pvt. Ltd. was the Main Sponsor of this event whereas National Insurance Company Ltd. and Viswakarma Cement were the Sponsors; Umrao Data Centre and Nepal Dhaka Udhyog Pvt Ltd. supported the event whilst The Himalayan Times was the Exclusive Media Partner.</p>

<p>The bank&rsquo;s staff, customers, partner organisations supporting this event including Maiti Nepal and various other stakeholders participated in the vent. The Walk, which was attended by approx. 400 people started from the bank&rsquo;s branch office at Lazimpat to the Head Office in New Baneshwor.&nbsp;</p>
',
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			'created' => '2015-11-29',
			'modified' => '2015-11-29',
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			'description' => '',
			'sortorder' => '2865',
			'image' => '20151129064507_Final-Day-Image-1.jpg',
			'article_date' => '2015-11-29 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3023',
			'article_category_id' => '91',
			'title' => ' End of an Era: Banwarilal Mittal Passes Away (OBITUARY )',
			'sub_title' => '',
			'summary' => 'One of Nepal’s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country’s airline industry. ',
			'content' => '<p>One of Nepal&rsquo;s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country&rsquo;s airline industry. He had started a helicopter service in Nepal in 2055 BS with the brand name of Shree Airlines Pvt. with a view to provide air services to remote areas.</p>

<p>Established as the largest airlines company in the country, the helicopters of Shree Airlines are still providing air services to remote Himalayan and hilly districts of Nepal. It has also successfully provided air services for various UN peace missions and the UN World Food Programme. Mittal had started the service with a fleet of five helicopters.&nbsp;</p>

<p>Mittal was born to a business house at Watu Tole in Kathmandu in 1992 BS. His was a family which had earned the reputation of being one of the 32 Kothi Mahajans (thirty two eminent business households). Initially, he had started his career with a clothes store known as Hanumandas Clothes Store traditionally run by his father. After coming back from his studies, he set up B.L. Mittal and Mittal and Construction Company in 2015 BS. Through this company, he accomplished the construction of the Kathmadu-Janakpur Road, Nepalgunj-Surkhet Road and a number of irrigation projects. As democracy was at an initial stage, he started an import business through Mittal and Company in 2023 BS. He left this business in 2054. He also imported garments from China and Korea through his Sugan Garment Company. He also established North Nepal Tea Estate Company. He took a dealership of the National Trading Company in 2021 B.S. and participated in the World Trade Expo held in Japan in 2027 B.S. by setting up a company stall.</p>

<p>Soft spoken and transparent, he liked good business practices and encouraged others to do the same. He believed that only the wealth earned through one&rsquo;s sweat and hard labour would last and that anything that is earned through deception would not give spiritual happiness. He also considered it a great act of piety to spend part of the profit in social service. He unswervingly followed the path of integrity throughout his life. The swelling crowd of mourners who had reached Aryaghat for his funeral vindicated this.&nbsp;</p>

<p>His contribution to the country&rsquo;s chamber movement is memorable. Mittal, who held the position of a member of the central working committee of the Nepal Chambers of Commerce was also a founding chairperson of Nepal Construction Entrepreneurs&rsquo; Association. He was one of the founders of the Confederation of Nepalese Industries and was former chairperson of Marwadi Sewa Samiti. He had held positions like acting treasurer of the Pashupati Area Development Trust, was a founding member of Nepal Eye Hospital and founding treasurer of Nepal Netrajyoti Sangh. Founder of Alok Bidyashram, he was also the founding director of the South Asian Institute of Management. Adviser to the Nepal National Marwadi Council, he was affiliated with many religious, business and social institutions. Mittal, who also dedicated his thoughts to Nepal&rsquo;s politics, was considered an intellect of the business community. He belonged to the few people who have carried out serious study of Vedic religion and culture.&nbsp;</p>

<p>He was a business person but stood out from the crowd. He often said, &ldquo;I wanted to know about the way of life of the hill people. I noticed that people in the hills have a compulsion to trek for four hours only to fetch drinking water. After that I took the contract for building the Kathmandu-Trisuli Highway.&rdquo; He visited Japan and Australia five decades ago to learn the ropes of business. He said that he learnt the art of business from the association he had with the business persons of these countries.&nbsp;</p>

<p>Always proud of serving the nation through business, he was decorated with the Suprabal Gorkha Dakshinbahu Third, Coronation Medal, Birendra-Aishwarya Medal and many other national honours. He is survived by his wife, a son and two daughters.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-27',
			'modified' => '2015-11-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2863',
			'image' => '20151127013937_fsdf.jpg',
			'article_date' => '2015-11-27 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3016',
			'article_category_id' => '91',
			'title' => '‘Resolve Blockade and Madhes Movement Soon’',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India’s unofficial blockade and the Madhes movement through diplomatic and political channels. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India&rsquo;s unofficial blockade and the Madhes movement through diplomatic and political channels. A delegation NCC representatives led by its Chairperson Rajeshkaji Shrestha made this request to Paudel on Wednesday.</p>

<p>During the meeting Chairperson Shrestha drew Paudel&rsquo;s attention to the decline and shrinkage of national economy because of the blockade of border points for months against the expectation of the private sector that the new constitution would pave the way for durable peace and prosperity of the nation.</p>

<p>He said that the unending strike and blockade had totally destroyed business and the business community was in a state of moving out. Reminding him of the feedbacks and suggestions provided by the private sector earlier, Chairperson Shrestha stressed &nbsp;the need to form a working group with the participation of the private sector to identify, assess and resolve the ongoing problems to stop further deterioration of the economy. &nbsp;</p>

<p>Acting President Paudel said that his party was taking various initiatives including the amendment of the constitution for the resolution of the problem. He also said that the Nepali Congress was in dialogue with the Madhes-based parties and expressed the confidence of finding an early way out.&nbsp;</p>

<p>The delegation also consisted of First Chairperson of the Chamber Gyanendraratna Tuladhar, Second Chairperson Rajendra Malla and Secretary General Kamalesh Kumar Agrawal. &nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2857',
			'image' => '20151126023719_fsdfs.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3017',
			'article_category_id' => '91',
			'title' => ' Global IME Opens Branch at Sukedhara',
			'sub_title' => '',
			'summary' => 'November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. ',
			'content' => '<p>November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. The Bank has 31 branches in Kathmandu alone including in Sukedhara. The bank has a deposit of Rs 63 billion and has loaned out Rs 52 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2856',
			'image' => '20151126023827_f;k;sl.jpg',
			'article_date' => '2015-11-26 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3015',
			'article_category_id' => '91',
			'title' => 'NCC Pays Tribute to Mittal ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months.&nbsp;</p>

<p>Born in Watu Tole, Kathmandu in 1992 BS, Mittal had entered the NCC as its working committee member in 2029 B.S. He was its chairperson from 2046 to 2050 BS.</p>

<p>NCC has expressed deep condolence to the family of Late Mittal on his tragic death. Eminent industrialist Mittal is survived by his wife, a son and two daughters. His last rites were performed at the Pashupati Aryaghat.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2855',
			'image' => '20151126023438_kf;lsdkfl;d.jpg',
			'article_date' => '2015-11-26 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2994',
			'article_category_id' => '91',
			'title' => 'EDC, Chinese NGO sign MoU for solar energy promotion ',
			'sub_title' => '',
			'summary' => 'Energy Development Council (EDC) and China’s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC’s executive manager Itnuma Subba and Society's General Secretary Chang Nan Nanma. ',
			'content' => '<p>Energy Development Council (EDC) and China&rsquo;s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC&rsquo;s executive manager Itnuma Subba and Society&#39;s General Secretary Chang Nan Nanma.&nbsp;</p>

<p>According to the information provided by EDC, the MoU aims at creating friendly environment to promote, expand and develop solar energy in both countries, holding high-level discussion programme between the two sides, and exchanging travel programmes for the understanding between two countries.&nbsp;</p>

<p>EDC officials said the Chinese side are willing to immediately invest in solar projects of 25 to 500 MW capacity, adding that it is possible to complete such projects in three months.&nbsp;</p>

<p>Shenzhen is a non-profit social organization established in China. The organization has 350 members globally, including some of the world&#39;s largest solar energy companies.&nbsp;</p>

<p>The MoU signing ceremony was attended by Deputy Prime Minister and Energy Minister Top Bahadur Rayamajhi, Chairman of EDC Sujit Acharya, and General Secretary of China Renewable Energy Society PV Committee, Lu Fang.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-15',
			'modified' => '2015-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2834',
			'image' => '20151115042235_lfjldfjls.jpg',
			'article_date' => '2015-11-15 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2962',
			'article_category_id' => '91',
			'title' => 'OCHA's concern over halt of delivery of humanitarian aid in lack of fuel',
			'sub_title' => '',
			'summary' => 'October 25: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.',
			'content' => '<p style="text-align: justify;"><span style="font-size:14px"><strong>October 25:</strong> The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">A statement issued today by Jamie McGoldrick, Humanitarian Coordinator in Nepal, read that six months after the devastating earthquakes that shook Nepal in April, humanitarian partners provided emergency shelter to over 700,000 families, but the effect of the coming harsh cold weather, coupled with the lack of fuel, is a matter of concern to reach out to the needy with aids in remote and Himalaya areas of Nepal.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&ldquo;While much has been achieved, the humanitarian community remains committed to meet remaining needs,&rdquo; McGoldrick, however, said in the statement. &ldquo;With the winter on the way, we must ensure adequate shelter and food security, particularly for more than 80,000 families.&rdquo;<br />
&ldquo;But present conditions are a concern.&rdquo; Since the end of September, fuel in short supply has impeded progress,&quot; he said.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Meanwhile, the Humanitarian Country Team is urging a quick resolution to the fuel shortage so that winter goods can be quickly delivered to vulnerable households.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&quot;This massive logistical undertaking can be achieved. But the lack of fuel is significantly affecting distribution of goods,&quot; McGoldrick said.<br />
Meanwhile, the Food and Agriculture Organization of the United Nations (FAO) said that it continues to support the government-led efforts to address food security and livelihood needs in the six most-quake hit districts--- Sindhupalchowk, Nuwakot, Dhading, Gorkha, Rasuwa and Dolakha.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Issuing a press release statement on Sunday, FAO said that six months after the earthquakes, vulnerable farmers in the worst-affected districts still need agricultural inputs to continue the rehabilitation and reconstruction process and revive the agricultural sector.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">The press release stated that FAO has already completed an emergency distribution of 42,000 5kg bags of rice seed in advance of the monsoon planting season, adding that it has also distributed 30,000 durable grain and seed storage bags, with 40,000 more to follow, and nearly 20,000 25kg bags of high-nutrition animal feed. <em>RSS</em>&nbsp;</span></p>
',
			'published' => true,
			'created' => '2015-10-25',
			'modified' => '2015-10-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2802',
			'image' => '20151025042514_ocha.jpg',
			'article_date' => '2015-10-25 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2955',
			'article_category_id' => '91',
			'title' => 'NMB Bank’s ‘historic’ merger',
			'sub_title' => '',
			'summary' => 'October 19 : NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.',
			'content' => '<p><span style="font-size:14px"><strong>October 19 :</strong> NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.</span></p>

<p><span style="font-size:14px">Speaking at the programme, NMB Bank Chiarman Pawan Kumar Golyan said that with the merger, the bank now aims at a spot among the country&rsquo;s five major commercial banks.</span></p>

<p><span style="font-size:14px">&ldquo;We now easily can meet the target within two years. We are committed to making the bank an outstanding bank,&rdquo; said the bank&rsquo;s CEO Upendra Poudyal.&nbsp;</span></p>

<p><span style="font-size:14px">NMB Bank&rsquo;s integrated operation following the merger was inaugurated by Deputy Prime Minister Bijaya Kumar Gachchhadar.</span></p>

<p><span style="font-size:14px">Now the bank has a paid-up capital of Rs 6.20 billion, including the reserve fund. The bank was transformed as commercial bank seven years ago after operating as a Class C financial institution for 18 years.</span></p>

<p><span style="font-size:14px">&ldquo;We hope to easily meet the new paid-up capital requirement of Rs 8 billion in the next two years,&rdquo; says Poudyal.</span></p>

<p><span style="font-size:14px">According to Podyal, NMB&rsquo;s foreign partners, Young Lian Malaysia and FMO of the Netherlands, are also going to increase the investment to help raise the paid-up capital.</span></p>

<p><span style="font-size:14px">FMO is going to make a new investment of 20 percent of the paid-up capital after merger. The bank expects that partnership with FMO will assist in energy, international business and capital market and also help create a strong capital base.</span></p>

<p><span style="font-size:14px">After the merger, NMB&rsquo;s total deposit has reached Rs 54 billion and loan Rs 41 billion. Now the bank has 39 branches, 42 ATM outlets and seven extension counters.</span></p>
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	(int) 0 => array(
		'Article' => array(
			'id' => '3108',
			'article_category_id' => '91',
			'title' => 'NOC request IOC to supply fuel via Raxaul transit',
			'sub_title' => '',
			'summary' => 'February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.',
			'content' => '<p>February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.</p>

<p>NOC General Manager, Gopal Bahadur Khadka, said that a letter had been dispatched on Sunday. He said supply from Birganj would depend on whether or not the IOC depot in Raxaul has sufficient stock. &nbsp;Following the opening of the Birganj-Raxaul border, goods carriers have started crossing the custom point. But fuel is yet to arrive. More than 60 percent of supplies consumed in the country comes through this transit port.</p>

<p>Only Jogbani transit point has been functional in ferrying fuel into the country since the blockade began.</p>
',
			'published' => true,
			'created' => '2016-02-08',
			'modified' => '2016-02-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2947',
			'image' => null,
			'article_date' => '2016-02-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '3106',
			'article_category_id' => '91',
			'title' => 'Finance Minister leaving for a three-day India visit',
			'sub_title' => '',
			'summary' => 'February 7 : Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli's proposed visit to the neighbouring country.',
			'content' => '<p>February 7 :&nbsp;Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli&#39;s proposed visit to the neighbouring country.</p>

<p>Minister Paudel said that his three-day visit to India was for making preparations for the premier&#39;s visit slated for 19th to 23rd of February. Paudel added that his visit would also focus on alleviating the recent bilateral tension between Nepal and India. The finance minister said that talks would be held with regard to the trade agreements likely to be forged between the two countries. Finance Secretary and Foreign Secretary too are accompanying Minister Paudel in his visit.</p>
',
			'published' => true,
			'created' => '2016-02-07',
			'modified' => '2016-02-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2946',
			'image' => '20160207010544_kf;dkf;kd;.jpg',
			'article_date' => '2016-02-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3104',
			'article_category_id' => '91',
			'title' => 'Industrialist Lunkaran Das Chaudhary Passes Away ',
			'sub_title' => '',
			'summary' => 'February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4.  His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field. ',
			'content' => '<p>February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4. &nbsp;His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field.&nbsp;</p>

<p>Chaudhary breathed his last while getting treatment at Norvic International Hospital. He was suffering from diabetes and heart problems for a long time.&nbsp;</p>

<p>Born as the elder son of Bhuramal Chaudahry and Sarashowti Devi in B.S. 1979 at Indrachowk, Kathmandu, Lun Karan had entered business field as help to his father who came from Rajasthan, India. But he soon diversified also in industries, beginning with jute, while continuing the trading on cloth.&nbsp;</p>

<p>After the death of his father, he did business under the banner &lsquo;Bhuramal-Lunkaran&rsquo;. His sons expanded further under the banner Chaudhary Group which has gone now international and his eldest son Binod Chaudhary has made into the list of world&rsquo;s billionaires as compiled by Forbes.&nbsp;</p>

<p>He was a champion of chamber movement and was among the founders of different chambers and business associations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepal Marwadi Sewa Samiti. His three sons; Binod, Basant and Arun Chaudhary are running different businesses under the Chaudhary Group. His only daughter, Kusum Agrawal, too, is in a business house.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-02-07',
			'modified' => '2016-02-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2944',
			'image' => '20160207123455_sdfsdkfdsk;f.jpg',
			'article_date' => '2016-02-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 3 => array(
		'Article' => array(
			'id' => '3055',
			'article_category_id' => '91',
			'title' => 'Nepal Vocational Qualification System Project Launched ',
			'sub_title' => '',
			'summary' => 'December 18: With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.',
			'content' => '<p>December 18:&nbsp;With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.</p>

<p>The NVQS project which will be under the MoE, will be implemented by the Council for Technical Education and Vocational Training (CTEVT) / National Skills Testing Board ((NSTB). Swisscontact will provide the technical assistance.&nbsp;</p>

<p>The NVQS project, which is slated to stretch over a period of ten years, will provide a gateway into jobs for more than 500,000 youths who enter the labour market yearly.&nbsp;</p>

<p>While praising the new initiative, Bishwo Prakash Pandit, secretary at MoE said, &ldquo;Nepal needs economic growth in order to utlise its resources and only skills help to prioritise the development agenda of the country.&rdquo;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2895',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
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	(int) 4 => array(
		'Article' => array(
			'id' => '3054',
			'article_category_id' => '91',
			'title' => 'NTB Gets CEO after Four Years',
			'sub_title' => '',
			'summary' => 'December 18: Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO. ',
			'content' => '<p>December 18:&nbsp;Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO.&nbsp;</p>

<p>The board selected Joshi as the most eligible candidate. The other two contenders for the post were Gyaneshwor Prasad Singh Mahato and Gyanendra Ratna Tuladhar. Joshi got 39.5 votes and will now lead the NTB for the next four years.&nbsp;</p>

<p>The position of CEO had remained vacant at NTB since November 2011, after the then CEO Prachanda Man Shrestha completed his tenure. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2894',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3050',
			'article_category_id' => '91',
			'title' => ' Mega Bank Launches ‘Mega Visa Credit Card’',
			'sub_title' => '',
			'summary' => 'December 17, Kathmandu. Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.',
			'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">December 17, Kathmandu. </span>Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.</p>

<p>Similarly the bank has introduced Mega Visa Travel Card for its customers travelling abroad. The card can be used the world over, said the bank which has already launched Mega Visa Debit Card. &nbsp;</p>

<p>&ldquo;With its association with international brand of VISA Cards, the Bank&rsquo;s Card network has expanded further and even though the Bank has launched Mega Visa Card Products, the customers can still enjoy the benefits of SCT Card in the SCT network,&rdquo; said the press release.&nbsp;</p>

<p>With 29 branches across the country, Mega Bank is currently operating its own 32 Mega Money Machines (ATMs) - 14 inside and 18 outside the Kathmandu Valley.</p>
',
			'published' => true,
			'created' => '2015-12-17',
			'modified' => '2015-12-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2890',
			'image' => '20151217120341_Clipboard02.jpg',
			'article_date' => '2015-12-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 6 => array(
		'Article' => array(
			'id' => '3027',
			'article_category_id' => '91',
			'title' => '‘Court Order an Interference in Rights of Regulatory Agencies’',
			'sub_title' => '',
			'summary' => 'The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies.',
			'content' => '<p>The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies. A writ petition has also been filed at the Supreme Court on November 3 this year on behalf of the IB, demanding annulment of the order for reason of its failing to meet the processes.&nbsp;<br />
A single bench of Supreme Court Justice Devendra Gopal Shrestha issued a mandamus to the Appellate Court on Sunday (Nov 29) to present response stating reasons for issuing the interim order.</p>

<p>The judges of the Appellate Court of Patan Kumar Chudal &nbsp;and Durga Dutta Bhatta &nbsp;had served an interim order in the month of June to stay the payment of liability to the United Insurance Company &nbsp;and to &nbsp;stop the business of Agni Insurance Company pending final decision. &nbsp;</p>

<p>The Appellate Court feels that it will be an irreparable loss not to implement the decision of the IB in the context that the insurance and re-insurance have been already done as per legal procedures and the insurance money has been already paid on the basis of evaluation of insurer and re-insurer. The appeal pleads for the payment of entire liability by taking bank guarantee or any other reliable security from the insured against the additional disputed amount if the later demands the payment of insurance money.</p>

<p>CG Electronics of Chaudhari Group had caught fire on October 14, 2012. The IB had decided to stop the payment of insurance and had imposed partial restriction on the company&rsquo;s business saying that the insurance transactions on the loss caused by fire were against law. In the on-the-spot observation report, the IB has said that action was taken for failing to observe even ordinary rules to be followed on the rate of fire insurance and for failing to inform about the insurance transactions carried out with the management. The company had provided waiver on the insurance fees illegally for installing fire control system. The report of the survey, however, shows that upon inquiry it was discovered that no fire control system was ever installed and that the fire was extinguished with the use of fire brigade.&nbsp;</p>

<p>&nbsp;Based on the unsatisfactory clarification of the chief of the department of risk assessment and payment of claim, the IB has been stating that the order to stop fire insurance business of Agni Insurance and the fine imposed on the concerned employees is legal. The IB, however, is defending itself saying that to hold repeated hearings even after the details of on-the-spot observation, insurance policy report and the clarification of the company on the payment of claim is against natural law.&nbsp;</p>

<p>The company is saying that floater insurance, declared insurance and the insurance of buildings and machineries while insuring the property of Chaudhari Group which is also a founder shareholder of Insurance Company. But the Committee has concluded that the insured amount of equipment have not been quoted, &nbsp;Insurance fees have not been adjusted, proposal forms were not properly filled and insurance was done on credit by accepting risk without receiving insurance fees. The company has made it clear that it has directed to refund the paid insurance amount from the Chaudhari Group saying that it is against basic arrangement of insurance and also against law to get more payment than the cost of the actual stock of insured objects.&nbsp;</p>

<p>The appeal says that the action of the court to order the payment of the insurance claim treading in areas where its responsibility is not established, is out of its jurisdiction and erroneous. The IB has been a systematic and advanced regulatory agency of the insurance business. It has the authority to register the insurer, renew policies, stop insurance business in course of regulation, order payment claim, carry out observation and supervision as well as take action. In such situation, the interim order issued before the final verdict from the Appellate Court risks ending the rationale of the regulatory agencies.</p>

<p style="text-align: right;"><strong>--by Gopal Saud</strong></p>
',
			'published' => true,
			'created' => '2015-11-30',
			'modified' => '2015-11-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2867',
			'image' => null,
			'article_date' => '2015-11-30 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '3025',
			'article_category_id' => '91',
			'title' => 'Standard Chartered Nepal Organises Walkathon 2015',
			'sub_title' => '',
			'summary' => 'Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an “initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.”',
			'content' => '<p>Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an &ldquo;initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.&rdquo;</p>

<p>According to a press release, the funds raised from this event will go towards the bank&rsquo;s &lsquo;Seeing is Believing&rsquo; initiative through which eye and eye care services are being continued.</p>

<p>It may be recalled here that under the Bank&rsquo;s Seeing is Believing initiative, Biratnagar Eye Hosptial received a financial support of USD one million for the expansion of its project. Similarly, the bank&rsquo;s additional Seeing is Believing project of USD one million (Rs 105 million) is currently in progress with Tilganga Institute of Ophthalmology for funding their major expansion project covering Bhaktapur and Nuwakot districts. &nbsp;</p>

<p>Tara Management Pvt. Ltd. was the Main Sponsor of this event whereas National Insurance Company Ltd. and Viswakarma Cement were the Sponsors; Umrao Data Centre and Nepal Dhaka Udhyog Pvt Ltd. supported the event whilst The Himalayan Times was the Exclusive Media Partner.</p>

<p>The bank&rsquo;s staff, customers, partner organisations supporting this event including Maiti Nepal and various other stakeholders participated in the vent. The Walk, which was attended by approx. 400 people started from the bank&rsquo;s branch office at Lazimpat to the Head Office in New Baneshwor.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-29',
			'modified' => '2015-11-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2865',
			'image' => '20151129064507_Final-Day-Image-1.jpg',
			'article_date' => '2015-11-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3023',
			'article_category_id' => '91',
			'title' => ' End of an Era: Banwarilal Mittal Passes Away (OBITUARY )',
			'sub_title' => '',
			'summary' => 'One of Nepal’s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country’s airline industry. ',
			'content' => '<p>One of Nepal&rsquo;s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country&rsquo;s airline industry. He had started a helicopter service in Nepal in 2055 BS with the brand name of Shree Airlines Pvt. with a view to provide air services to remote areas.</p>

<p>Established as the largest airlines company in the country, the helicopters of Shree Airlines are still providing air services to remote Himalayan and hilly districts of Nepal. It has also successfully provided air services for various UN peace missions and the UN World Food Programme. Mittal had started the service with a fleet of five helicopters.&nbsp;</p>

<p>Mittal was born to a business house at Watu Tole in Kathmandu in 1992 BS. His was a family which had earned the reputation of being one of the 32 Kothi Mahajans (thirty two eminent business households). Initially, he had started his career with a clothes store known as Hanumandas Clothes Store traditionally run by his father. After coming back from his studies, he set up B.L. Mittal and Mittal and Construction Company in 2015 BS. Through this company, he accomplished the construction of the Kathmadu-Janakpur Road, Nepalgunj-Surkhet Road and a number of irrigation projects. As democracy was at an initial stage, he started an import business through Mittal and Company in 2023 BS. He left this business in 2054. He also imported garments from China and Korea through his Sugan Garment Company. He also established North Nepal Tea Estate Company. He took a dealership of the National Trading Company in 2021 B.S. and participated in the World Trade Expo held in Japan in 2027 B.S. by setting up a company stall.</p>

<p>Soft spoken and transparent, he liked good business practices and encouraged others to do the same. He believed that only the wealth earned through one&rsquo;s sweat and hard labour would last and that anything that is earned through deception would not give spiritual happiness. He also considered it a great act of piety to spend part of the profit in social service. He unswervingly followed the path of integrity throughout his life. The swelling crowd of mourners who had reached Aryaghat for his funeral vindicated this.&nbsp;</p>

<p>His contribution to the country&rsquo;s chamber movement is memorable. Mittal, who held the position of a member of the central working committee of the Nepal Chambers of Commerce was also a founding chairperson of Nepal Construction Entrepreneurs&rsquo; Association. He was one of the founders of the Confederation of Nepalese Industries and was former chairperson of Marwadi Sewa Samiti. He had held positions like acting treasurer of the Pashupati Area Development Trust, was a founding member of Nepal Eye Hospital and founding treasurer of Nepal Netrajyoti Sangh. Founder of Alok Bidyashram, he was also the founding director of the South Asian Institute of Management. Adviser to the Nepal National Marwadi Council, he was affiliated with many religious, business and social institutions. Mittal, who also dedicated his thoughts to Nepal&rsquo;s politics, was considered an intellect of the business community. He belonged to the few people who have carried out serious study of Vedic religion and culture.&nbsp;</p>

<p>He was a business person but stood out from the crowd. He often said, &ldquo;I wanted to know about the way of life of the hill people. I noticed that people in the hills have a compulsion to trek for four hours only to fetch drinking water. After that I took the contract for building the Kathmandu-Trisuli Highway.&rdquo; He visited Japan and Australia five decades ago to learn the ropes of business. He said that he learnt the art of business from the association he had with the business persons of these countries.&nbsp;</p>

<p>Always proud of serving the nation through business, he was decorated with the Suprabal Gorkha Dakshinbahu Third, Coronation Medal, Birendra-Aishwarya Medal and many other national honours. He is survived by his wife, a son and two daughters.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-27',
			'modified' => '2015-11-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2863',
			'image' => '20151127013937_fsdf.jpg',
			'article_date' => '2015-11-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3016',
			'article_category_id' => '91',
			'title' => '‘Resolve Blockade and Madhes Movement Soon’',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India’s unofficial blockade and the Madhes movement through diplomatic and political channels. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India&rsquo;s unofficial blockade and the Madhes movement through diplomatic and political channels. A delegation NCC representatives led by its Chairperson Rajeshkaji Shrestha made this request to Paudel on Wednesday.</p>

<p>During the meeting Chairperson Shrestha drew Paudel&rsquo;s attention to the decline and shrinkage of national economy because of the blockade of border points for months against the expectation of the private sector that the new constitution would pave the way for durable peace and prosperity of the nation.</p>

<p>He said that the unending strike and blockade had totally destroyed business and the business community was in a state of moving out. Reminding him of the feedbacks and suggestions provided by the private sector earlier, Chairperson Shrestha stressed &nbsp;the need to form a working group with the participation of the private sector to identify, assess and resolve the ongoing problems to stop further deterioration of the economy. &nbsp;</p>

<p>Acting President Paudel said that his party was taking various initiatives including the amendment of the constitution for the resolution of the problem. He also said that the Nepali Congress was in dialogue with the Madhes-based parties and expressed the confidence of finding an early way out.&nbsp;</p>

<p>The delegation also consisted of First Chairperson of the Chamber Gyanendraratna Tuladhar, Second Chairperson Rajendra Malla and Secretary General Kamalesh Kumar Agrawal. &nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2857',
			'image' => '20151126023719_fsdfs.jpg',
			'article_date' => '2015-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3017',
			'article_category_id' => '91',
			'title' => ' Global IME Opens Branch at Sukedhara',
			'sub_title' => '',
			'summary' => 'November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. ',
			'content' => '<p>November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. The Bank has 31 branches in Kathmandu alone including in Sukedhara. The bank has a deposit of Rs 63 billion and has loaned out Rs 52 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2856',
			'image' => '20151126023827_f;k;sl.jpg',
			'article_date' => '2015-11-26 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3015',
			'article_category_id' => '91',
			'title' => 'NCC Pays Tribute to Mittal ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months.&nbsp;</p>

<p>Born in Watu Tole, Kathmandu in 1992 BS, Mittal had entered the NCC as its working committee member in 2029 B.S. He was its chairperson from 2046 to 2050 BS.</p>

<p>NCC has expressed deep condolence to the family of Late Mittal on his tragic death. Eminent industrialist Mittal is survived by his wife, a son and two daughters. His last rites were performed at the Pashupati Aryaghat.&nbsp;</p>
',
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			'created' => '2015-11-26',
			'modified' => '2015-11-26',
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			'description' => '',
			'sortorder' => '2855',
			'image' => '20151126023438_kf;lsdkfl;d.jpg',
			'article_date' => '2015-11-26 00:00:00',
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		'Article' => array(
			'id' => '2994',
			'article_category_id' => '91',
			'title' => 'EDC, Chinese NGO sign MoU for solar energy promotion ',
			'sub_title' => '',
			'summary' => 'Energy Development Council (EDC) and China’s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC’s executive manager Itnuma Subba and Society's General Secretary Chang Nan Nanma. ',
			'content' => '<p>Energy Development Council (EDC) and China&rsquo;s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC&rsquo;s executive manager Itnuma Subba and Society&#39;s General Secretary Chang Nan Nanma.&nbsp;</p>

<p>According to the information provided by EDC, the MoU aims at creating friendly environment to promote, expand and develop solar energy in both countries, holding high-level discussion programme between the two sides, and exchanging travel programmes for the understanding between two countries.&nbsp;</p>

<p>EDC officials said the Chinese side are willing to immediately invest in solar projects of 25 to 500 MW capacity, adding that it is possible to complete such projects in three months.&nbsp;</p>

<p>Shenzhen is a non-profit social organization established in China. The organization has 350 members globally, including some of the world&#39;s largest solar energy companies.&nbsp;</p>

<p>The MoU signing ceremony was attended by Deputy Prime Minister and Energy Minister Top Bahadur Rayamajhi, Chairman of EDC Sujit Acharya, and General Secretary of China Renewable Energy Society PV Committee, Lu Fang.&nbsp;</p>
',
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			'created' => '2015-11-15',
			'modified' => '2015-11-15',
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			'description' => '',
			'sortorder' => '2834',
			'image' => '20151115042235_lfjldfjls.jpg',
			'article_date' => '2015-11-15 00:00:00',
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		'Article' => array(
			'id' => '2962',
			'article_category_id' => '91',
			'title' => 'OCHA's concern over halt of delivery of humanitarian aid in lack of fuel',
			'sub_title' => '',
			'summary' => 'October 25: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.',
			'content' => '<p style="text-align: justify;"><span style="font-size:14px"><strong>October 25:</strong> The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">A statement issued today by Jamie McGoldrick, Humanitarian Coordinator in Nepal, read that six months after the devastating earthquakes that shook Nepal in April, humanitarian partners provided emergency shelter to over 700,000 families, but the effect of the coming harsh cold weather, coupled with the lack of fuel, is a matter of concern to reach out to the needy with aids in remote and Himalaya areas of Nepal.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&ldquo;While much has been achieved, the humanitarian community remains committed to meet remaining needs,&rdquo; McGoldrick, however, said in the statement. &ldquo;With the winter on the way, we must ensure adequate shelter and food security, particularly for more than 80,000 families.&rdquo;<br />
&ldquo;But present conditions are a concern.&rdquo; Since the end of September, fuel in short supply has impeded progress,&quot; he said.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Meanwhile, the Humanitarian Country Team is urging a quick resolution to the fuel shortage so that winter goods can be quickly delivered to vulnerable households.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&quot;This massive logistical undertaking can be achieved. But the lack of fuel is significantly affecting distribution of goods,&quot; McGoldrick said.<br />
Meanwhile, the Food and Agriculture Organization of the United Nations (FAO) said that it continues to support the government-led efforts to address food security and livelihood needs in the six most-quake hit districts--- Sindhupalchowk, Nuwakot, Dhading, Gorkha, Rasuwa and Dolakha.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Issuing a press release statement on Sunday, FAO said that six months after the earthquakes, vulnerable farmers in the worst-affected districts still need agricultural inputs to continue the rehabilitation and reconstruction process and revive the agricultural sector.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">The press release stated that FAO has already completed an emergency distribution of 42,000 5kg bags of rice seed in advance of the monsoon planting season, adding that it has also distributed 30,000 durable grain and seed storage bags, with 40,000 more to follow, and nearly 20,000 25kg bags of high-nutrition animal feed. <em>RSS</em>&nbsp;</span></p>
',
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			'created' => '2015-10-25',
			'modified' => '2015-10-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2802',
			'image' => '20151025042514_ocha.jpg',
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		'Article' => array(
			'id' => '2955',
			'article_category_id' => '91',
			'title' => 'NMB Bank’s ‘historic’ merger',
			'sub_title' => '',
			'summary' => 'October 19 : NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.',
			'content' => '<p><span style="font-size:14px"><strong>October 19 :</strong> NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.</span></p>

<p><span style="font-size:14px">Speaking at the programme, NMB Bank Chiarman Pawan Kumar Golyan said that with the merger, the bank now aims at a spot among the country&rsquo;s five major commercial banks.</span></p>

<p><span style="font-size:14px">&ldquo;We now easily can meet the target within two years. We are committed to making the bank an outstanding bank,&rdquo; said the bank&rsquo;s CEO Upendra Poudyal.&nbsp;</span></p>

<p><span style="font-size:14px">NMB Bank&rsquo;s integrated operation following the merger was inaugurated by Deputy Prime Minister Bijaya Kumar Gachchhadar.</span></p>

<p><span style="font-size:14px">Now the bank has a paid-up capital of Rs 6.20 billion, including the reserve fund. The bank was transformed as commercial bank seven years ago after operating as a Class C financial institution for 18 years.</span></p>

<p><span style="font-size:14px">&ldquo;We hope to easily meet the new paid-up capital requirement of Rs 8 billion in the next two years,&rdquo; says Poudyal.</span></p>

<p><span style="font-size:14px">According to Podyal, NMB&rsquo;s foreign partners, Young Lian Malaysia and FMO of the Netherlands, are also going to increase the investment to help raise the paid-up capital.</span></p>

<p><span style="font-size:14px">FMO is going to make a new investment of 20 percent of the paid-up capital after merger. The bank expects that partnership with FMO will assist in energy, international business and capital market and also help create a strong capital base.</span></p>

<p><span style="font-size:14px">After the merger, NMB&rsquo;s total deposit has reached Rs 54 billion and loan Rs 41 billion. Now the bank has 39 branches, 42 ATM outlets and seven extension counters.</span></p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '3108',
			'article_category_id' => '91',
			'title' => 'NOC request IOC to supply fuel via Raxaul transit',
			'sub_title' => '',
			'summary' => 'February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.',
			'content' => '<p>February 8 : Nepal Oil Corporation has written to Indian Oil Corporation, requesting it to supply fuel through Raxaul.</p>

<p>NOC General Manager, Gopal Bahadur Khadka, said that a letter had been dispatched on Sunday. He said supply from Birganj would depend on whether or not the IOC depot in Raxaul has sufficient stock. &nbsp;Following the opening of the Birganj-Raxaul border, goods carriers have started crossing the custom point. But fuel is yet to arrive. More than 60 percent of supplies consumed in the country comes through this transit port.</p>

<p>Only Jogbani transit point has been functional in ferrying fuel into the country since the blockade began.</p>
',
			'published' => true,
			'created' => '2016-02-08',
			'modified' => '2016-02-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2947',
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			'id' => '3106',
			'article_category_id' => '91',
			'title' => 'Finance Minister leaving for a three-day India visit',
			'sub_title' => '',
			'summary' => 'February 7 : Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli's proposed visit to the neighbouring country.',
			'content' => '<p>February 7 :&nbsp;Finance Minister Bishnu Prasad Paudel is leaving for India today to prepare for prime minister KP Sharma Oli&#39;s proposed visit to the neighbouring country.</p>

<p>Minister Paudel said that his three-day visit to India was for making preparations for the premier&#39;s visit slated for 19th to 23rd of February. Paudel added that his visit would also focus on alleviating the recent bilateral tension between Nepal and India. The finance minister said that talks would be held with regard to the trade agreements likely to be forged between the two countries. Finance Secretary and Foreign Secretary too are accompanying Minister Paudel in his visit.</p>
',
			'published' => true,
			'created' => '2016-02-07',
			'modified' => '2016-02-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2946',
			'image' => '20160207010544_kf;dkf;kd;.jpg',
			'article_date' => '2016-02-07 00:00:00',
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		'Article' => array(
			'id' => '3104',
			'article_category_id' => '91',
			'title' => 'Industrialist Lunkaran Das Chaudhary Passes Away ',
			'sub_title' => '',
			'summary' => 'February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4.  His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field. ',
			'content' => '<p>February 6 :Industrialist Lun Karan Das Chaudhary, the founder of Chaudhary Group, passed away at the age of 93 on February 4. &nbsp;His last rites were performed at Pashupati Aryaghat on February 5 amidst the presence of large number of dignitaries from political and business field.&nbsp;</p>

<p>Chaudhary breathed his last while getting treatment at Norvic International Hospital. He was suffering from diabetes and heart problems for a long time.&nbsp;</p>

<p>Born as the elder son of Bhuramal Chaudahry and Sarashowti Devi in B.S. 1979 at Indrachowk, Kathmandu, Lun Karan had entered business field as help to his father who came from Rajasthan, India. But he soon diversified also in industries, beginning with jute, while continuing the trading on cloth.&nbsp;</p>

<p>After the death of his father, he did business under the banner &lsquo;Bhuramal-Lunkaran&rsquo;. His sons expanded further under the banner Chaudhary Group which has gone now international and his eldest son Binod Chaudhary has made into the list of world&rsquo;s billionaires as compiled by Forbes.&nbsp;</p>

<p>He was a champion of chamber movement and was among the founders of different chambers and business associations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepal Marwadi Sewa Samiti. His three sons; Binod, Basant and Arun Chaudhary are running different businesses under the Chaudhary Group. His only daughter, Kusum Agrawal, too, is in a business house.&nbsp;</p>
',
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			'created' => '2016-02-07',
			'modified' => '2016-02-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2944',
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		'Article' => array(
			'id' => '3055',
			'article_category_id' => '91',
			'title' => 'Nepal Vocational Qualification System Project Launched ',
			'sub_title' => '',
			'summary' => 'December 18: With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.',
			'content' => '<p>December 18:&nbsp;With an aim to increase workforce skills and competency, the Ministry of Education (MoE) and the Swiss Foundation for Technical Cooperation (Swisscontact) have jointly agreed to establish a National Vocational Qualification System (NVQS) project.</p>

<p>The NVQS project which will be under the MoE, will be implemented by the Council for Technical Education and Vocational Training (CTEVT) / National Skills Testing Board ((NSTB). Swisscontact will provide the technical assistance.&nbsp;</p>

<p>The NVQS project, which is slated to stretch over a period of ten years, will provide a gateway into jobs for more than 500,000 youths who enter the labour market yearly.&nbsp;</p>

<p>While praising the new initiative, Bishwo Prakash Pandit, secretary at MoE said, &ldquo;Nepal needs economic growth in order to utlise its resources and only skills help to prioritise the development agenda of the country.&rdquo;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2895',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
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		'Article' => array(
			'id' => '3054',
			'article_category_id' => '91',
			'title' => 'NTB Gets CEO after Four Years',
			'sub_title' => '',
			'summary' => 'December 18: Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO. ',
			'content' => '<p>December 18:&nbsp;Nepal Tourism Board (NTB) has finally got a new Chief Executive Officer (CEO) after a four-year gap. A NTB board meeting held under the chairmanship of the Secretary of the Ministry of Tourism, Culture and Civil Aviation, Dinesh Thapaliya appointed Deepak Raj Joshi as the new CEO.&nbsp;</p>

<p>The board selected Joshi as the most eligible candidate. The other two contenders for the post were Gyaneshwor Prasad Singh Mahato and Gyanendra Ratna Tuladhar. Joshi got 39.5 votes and will now lead the NTB for the next four years.&nbsp;</p>

<p>The position of CEO had remained vacant at NTB since November 2011, after the then CEO Prachanda Man Shrestha completed his tenure. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2015-12-20',
			'modified' => '2015-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2894',
			'image' => null,
			'article_date' => '2015-12-18 00:00:00',
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		'Article' => array(
			'id' => '3050',
			'article_category_id' => '91',
			'title' => ' Mega Bank Launches ‘Mega Visa Credit Card’',
			'sub_title' => '',
			'summary' => 'December 17, Kathmandu. Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.',
			'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">December 17, Kathmandu. </span>Mega Bank has brought into operation a new product called Mega Visa Credit Card for its customers from December 16. The card can be used in both domestic and international markets, according to a press release from the bank.</p>

<p>Similarly the bank has introduced Mega Visa Travel Card for its customers travelling abroad. The card can be used the world over, said the bank which has already launched Mega Visa Debit Card. &nbsp;</p>

<p>&ldquo;With its association with international brand of VISA Cards, the Bank&rsquo;s Card network has expanded further and even though the Bank has launched Mega Visa Card Products, the customers can still enjoy the benefits of SCT Card in the SCT network,&rdquo; said the press release.&nbsp;</p>

<p>With 29 branches across the country, Mega Bank is currently operating its own 32 Mega Money Machines (ATMs) - 14 inside and 18 outside the Kathmandu Valley.</p>
',
			'published' => true,
			'created' => '2015-12-17',
			'modified' => '2015-12-17',
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			'description' => '',
			'sortorder' => '2890',
			'image' => '20151217120341_Clipboard02.jpg',
			'article_date' => '2015-12-17 00:00:00',
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		'Article' => array(
			'id' => '3027',
			'article_category_id' => '91',
			'title' => '‘Court Order an Interference in Rights of Regulatory Agencies’',
			'sub_title' => '',
			'summary' => 'The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies.',
			'content' => '<p>The Insurance Board (IB) has claimed that the order of the Patan Appellate Court to stay the implementation of the payment of liability to United Insurance Company and the order to Agni Insurance Company to stop business was an interference in the jurisdiction of the regulatory bodies. A writ petition has also been filed at the Supreme Court on November 3 this year on behalf of the IB, demanding annulment of the order for reason of its failing to meet the processes.&nbsp;<br />
A single bench of Supreme Court Justice Devendra Gopal Shrestha issued a mandamus to the Appellate Court on Sunday (Nov 29) to present response stating reasons for issuing the interim order.</p>

<p>The judges of the Appellate Court of Patan Kumar Chudal &nbsp;and Durga Dutta Bhatta &nbsp;had served an interim order in the month of June to stay the payment of liability to the United Insurance Company &nbsp;and to &nbsp;stop the business of Agni Insurance Company pending final decision. &nbsp;</p>

<p>The Appellate Court feels that it will be an irreparable loss not to implement the decision of the IB in the context that the insurance and re-insurance have been already done as per legal procedures and the insurance money has been already paid on the basis of evaluation of insurer and re-insurer. The appeal pleads for the payment of entire liability by taking bank guarantee or any other reliable security from the insured against the additional disputed amount if the later demands the payment of insurance money.</p>

<p>CG Electronics of Chaudhari Group had caught fire on October 14, 2012. The IB had decided to stop the payment of insurance and had imposed partial restriction on the company&rsquo;s business saying that the insurance transactions on the loss caused by fire were against law. In the on-the-spot observation report, the IB has said that action was taken for failing to observe even ordinary rules to be followed on the rate of fire insurance and for failing to inform about the insurance transactions carried out with the management. The company had provided waiver on the insurance fees illegally for installing fire control system. The report of the survey, however, shows that upon inquiry it was discovered that no fire control system was ever installed and that the fire was extinguished with the use of fire brigade.&nbsp;</p>

<p>&nbsp;Based on the unsatisfactory clarification of the chief of the department of risk assessment and payment of claim, the IB has been stating that the order to stop fire insurance business of Agni Insurance and the fine imposed on the concerned employees is legal. The IB, however, is defending itself saying that to hold repeated hearings even after the details of on-the-spot observation, insurance policy report and the clarification of the company on the payment of claim is against natural law.&nbsp;</p>

<p>The company is saying that floater insurance, declared insurance and the insurance of buildings and machineries while insuring the property of Chaudhari Group which is also a founder shareholder of Insurance Company. But the Committee has concluded that the insured amount of equipment have not been quoted, &nbsp;Insurance fees have not been adjusted, proposal forms were not properly filled and insurance was done on credit by accepting risk without receiving insurance fees. The company has made it clear that it has directed to refund the paid insurance amount from the Chaudhari Group saying that it is against basic arrangement of insurance and also against law to get more payment than the cost of the actual stock of insured objects.&nbsp;</p>

<p>The appeal says that the action of the court to order the payment of the insurance claim treading in areas where its responsibility is not established, is out of its jurisdiction and erroneous. The IB has been a systematic and advanced regulatory agency of the insurance business. It has the authority to register the insurer, renew policies, stop insurance business in course of regulation, order payment claim, carry out observation and supervision as well as take action. In such situation, the interim order issued before the final verdict from the Appellate Court risks ending the rationale of the regulatory agencies.</p>

<p style="text-align: right;"><strong>--by Gopal Saud</strong></p>
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			'created' => '2015-11-30',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3025',
			'article_category_id' => '91',
			'title' => 'Standard Chartered Nepal Organises Walkathon 2015',
			'sub_title' => '',
			'summary' => 'Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an “initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.”',
			'content' => '<p>Standard Chartered Bank Nepal Ltd organised a fund-raising event, Walkathon 2015 - Walk for a Brighter Tomorrow, on November 28. The bank describes the walkathon as an &ldquo;initiative to raise funds in partnership with its stakeholders to increase awareness amongst the public on the subject of avoidable blindness and an effort to reduce stigma and encourage the visually challenged people.&rdquo;</p>

<p>According to a press release, the funds raised from this event will go towards the bank&rsquo;s &lsquo;Seeing is Believing&rsquo; initiative through which eye and eye care services are being continued.</p>

<p>It may be recalled here that under the Bank&rsquo;s Seeing is Believing initiative, Biratnagar Eye Hosptial received a financial support of USD one million for the expansion of its project. Similarly, the bank&rsquo;s additional Seeing is Believing project of USD one million (Rs 105 million) is currently in progress with Tilganga Institute of Ophthalmology for funding their major expansion project covering Bhaktapur and Nuwakot districts. &nbsp;</p>

<p>Tara Management Pvt. Ltd. was the Main Sponsor of this event whereas National Insurance Company Ltd. and Viswakarma Cement were the Sponsors; Umrao Data Centre and Nepal Dhaka Udhyog Pvt Ltd. supported the event whilst The Himalayan Times was the Exclusive Media Partner.</p>

<p>The bank&rsquo;s staff, customers, partner organisations supporting this event including Maiti Nepal and various other stakeholders participated in the vent. The Walk, which was attended by approx. 400 people started from the bank&rsquo;s branch office at Lazimpat to the Head Office in New Baneshwor.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-29',
			'modified' => '2015-11-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2865',
			'image' => '20151129064507_Final-Day-Image-1.jpg',
			'article_date' => '2015-11-29 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3023',
			'article_category_id' => '91',
			'title' => ' End of an Era: Banwarilal Mittal Passes Away (OBITUARY )',
			'sub_title' => '',
			'summary' => 'One of Nepal’s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country’s airline industry. ',
			'content' => '<p>One of Nepal&rsquo;s most eminent business leaders Banwarilal Mitaal passed away on Nov 25 at his residence in Kathmandu at the age of 79. He was a household name in the socio-economic domain of Nepali society. A trend setter in several business enterprises in Nepal, he was also a pioneer name in the country&rsquo;s airline industry. He had started a helicopter service in Nepal in 2055 BS with the brand name of Shree Airlines Pvt. with a view to provide air services to remote areas.</p>

<p>Established as the largest airlines company in the country, the helicopters of Shree Airlines are still providing air services to remote Himalayan and hilly districts of Nepal. It has also successfully provided air services for various UN peace missions and the UN World Food Programme. Mittal had started the service with a fleet of five helicopters.&nbsp;</p>

<p>Mittal was born to a business house at Watu Tole in Kathmandu in 1992 BS. His was a family which had earned the reputation of being one of the 32 Kothi Mahajans (thirty two eminent business households). Initially, he had started his career with a clothes store known as Hanumandas Clothes Store traditionally run by his father. After coming back from his studies, he set up B.L. Mittal and Mittal and Construction Company in 2015 BS. Through this company, he accomplished the construction of the Kathmadu-Janakpur Road, Nepalgunj-Surkhet Road and a number of irrigation projects. As democracy was at an initial stage, he started an import business through Mittal and Company in 2023 BS. He left this business in 2054. He also imported garments from China and Korea through his Sugan Garment Company. He also established North Nepal Tea Estate Company. He took a dealership of the National Trading Company in 2021 B.S. and participated in the World Trade Expo held in Japan in 2027 B.S. by setting up a company stall.</p>

<p>Soft spoken and transparent, he liked good business practices and encouraged others to do the same. He believed that only the wealth earned through one&rsquo;s sweat and hard labour would last and that anything that is earned through deception would not give spiritual happiness. He also considered it a great act of piety to spend part of the profit in social service. He unswervingly followed the path of integrity throughout his life. The swelling crowd of mourners who had reached Aryaghat for his funeral vindicated this.&nbsp;</p>

<p>His contribution to the country&rsquo;s chamber movement is memorable. Mittal, who held the position of a member of the central working committee of the Nepal Chambers of Commerce was also a founding chairperson of Nepal Construction Entrepreneurs&rsquo; Association. He was one of the founders of the Confederation of Nepalese Industries and was former chairperson of Marwadi Sewa Samiti. He had held positions like acting treasurer of the Pashupati Area Development Trust, was a founding member of Nepal Eye Hospital and founding treasurer of Nepal Netrajyoti Sangh. Founder of Alok Bidyashram, he was also the founding director of the South Asian Institute of Management. Adviser to the Nepal National Marwadi Council, he was affiliated with many religious, business and social institutions. Mittal, who also dedicated his thoughts to Nepal&rsquo;s politics, was considered an intellect of the business community. He belonged to the few people who have carried out serious study of Vedic religion and culture.&nbsp;</p>

<p>He was a business person but stood out from the crowd. He often said, &ldquo;I wanted to know about the way of life of the hill people. I noticed that people in the hills have a compulsion to trek for four hours only to fetch drinking water. After that I took the contract for building the Kathmandu-Trisuli Highway.&rdquo; He visited Japan and Australia five decades ago to learn the ropes of business. He said that he learnt the art of business from the association he had with the business persons of these countries.&nbsp;</p>

<p>Always proud of serving the nation through business, he was decorated with the Suprabal Gorkha Dakshinbahu Third, Coronation Medal, Birendra-Aishwarya Medal and many other national honours. He is survived by his wife, a son and two daughters.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-27',
			'modified' => '2015-11-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2863',
			'image' => '20151127013937_fsdf.jpg',
			'article_date' => '2015-11-27 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3016',
			'article_category_id' => '91',
			'title' => '‘Resolve Blockade and Madhes Movement Soon’',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India’s unofficial blockade and the Madhes movement through diplomatic and political channels. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has requested Acting President of Nepali Congress, Ramchandra Paudel, to resolve the problems created by India&rsquo;s unofficial blockade and the Madhes movement through diplomatic and political channels. A delegation NCC representatives led by its Chairperson Rajeshkaji Shrestha made this request to Paudel on Wednesday.</p>

<p>During the meeting Chairperson Shrestha drew Paudel&rsquo;s attention to the decline and shrinkage of national economy because of the blockade of border points for months against the expectation of the private sector that the new constitution would pave the way for durable peace and prosperity of the nation.</p>

<p>He said that the unending strike and blockade had totally destroyed business and the business community was in a state of moving out. Reminding him of the feedbacks and suggestions provided by the private sector earlier, Chairperson Shrestha stressed &nbsp;the need to form a working group with the participation of the private sector to identify, assess and resolve the ongoing problems to stop further deterioration of the economy. &nbsp;</p>

<p>Acting President Paudel said that his party was taking various initiatives including the amendment of the constitution for the resolution of the problem. He also said that the Nepali Congress was in dialogue with the Madhes-based parties and expressed the confidence of finding an early way out.&nbsp;</p>

<p>The delegation also consisted of First Chairperson of the Chamber Gyanendraratna Tuladhar, Second Chairperson Rajendra Malla and Secretary General Kamalesh Kumar Agrawal. &nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2857',
			'image' => '20151126023719_fsdfs.jpg',
			'article_date' => '2015-11-26 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3017',
			'article_category_id' => '91',
			'title' => ' Global IME Opens Branch at Sukedhara',
			'sub_title' => '',
			'summary' => 'November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. ',
			'content' => '<p>November 26, Kathmandu . Gloabal IME Bank opened its branch at Sukedhara Wednesday. Chairperson of the Bank, Chandra Prasad Dhakal inaugurated the branch office. The Bank has 31 branches in Kathmandu alone including in Sukedhara. The bank has a deposit of Rs 63 billion and has loaned out Rs 52 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2856',
			'image' => '20151126023827_f;k;sl.jpg',
			'article_date' => '2015-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3015',
			'article_category_id' => '91',
			'title' => 'NCC Pays Tribute to Mittal ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months. ',
			'content' => '<p>Nepal Chamber of Commerce (NCC) has paid tribute to its former chairperson, industrialist and social worker Banwarilal Mittal who passed away on Wednesday at the age of 79. Mittal was ill for the last three months.&nbsp;</p>

<p>Born in Watu Tole, Kathmandu in 1992 BS, Mittal had entered the NCC as its working committee member in 2029 B.S. He was its chairperson from 2046 to 2050 BS.</p>

<p>NCC has expressed deep condolence to the family of Late Mittal on his tragic death. Eminent industrialist Mittal is survived by his wife, a son and two daughters. His last rites were performed at the Pashupati Aryaghat.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-26',
			'modified' => '2015-11-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2855',
			'image' => '20151126023438_kf;lsdkfl;d.jpg',
			'article_date' => '2015-11-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '11'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '2994',
			'article_category_id' => '91',
			'title' => 'EDC, Chinese NGO sign MoU for solar energy promotion ',
			'sub_title' => '',
			'summary' => 'Energy Development Council (EDC) and China’s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC’s executive manager Itnuma Subba and Society's General Secretary Chang Nan Nanma. ',
			'content' => '<p>Energy Development Council (EDC) and China&rsquo;s Shenzhen Energy Society signed a memorandum of understanding (MoU) for the development, expansion and promotion of solar energy in Nepal. The MoU was signed by EDC&rsquo;s executive manager Itnuma Subba and Society&#39;s General Secretary Chang Nan Nanma.&nbsp;</p>

<p>According to the information provided by EDC, the MoU aims at creating friendly environment to promote, expand and develop solar energy in both countries, holding high-level discussion programme between the two sides, and exchanging travel programmes for the understanding between two countries.&nbsp;</p>

<p>EDC officials said the Chinese side are willing to immediately invest in solar projects of 25 to 500 MW capacity, adding that it is possible to complete such projects in three months.&nbsp;</p>

<p>Shenzhen is a non-profit social organization established in China. The organization has 350 members globally, including some of the world&#39;s largest solar energy companies.&nbsp;</p>

<p>The MoU signing ceremony was attended by Deputy Prime Minister and Energy Minister Top Bahadur Rayamajhi, Chairman of EDC Sujit Acharya, and General Secretary of China Renewable Energy Society PV Committee, Lu Fang.&nbsp;</p>
',
			'published' => true,
			'created' => '2015-11-15',
			'modified' => '2015-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2834',
			'image' => '20151115042235_lfjldfjls.jpg',
			'article_date' => '2015-11-15 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2962',
			'article_category_id' => '91',
			'title' => 'OCHA's concern over halt of delivery of humanitarian aid in lack of fuel',
			'sub_title' => '',
			'summary' => 'October 25: The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.',
			'content' => '<p style="text-align: justify;"><span style="font-size:14px"><strong>October 25:</strong> The United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in Nepal has expressed worry and concern over the disruption of the delivery of humanitarian assistances due to shortage of fuel.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">A statement issued today by Jamie McGoldrick, Humanitarian Coordinator in Nepal, read that six months after the devastating earthquakes that shook Nepal in April, humanitarian partners provided emergency shelter to over 700,000 families, but the effect of the coming harsh cold weather, coupled with the lack of fuel, is a matter of concern to reach out to the needy with aids in remote and Himalaya areas of Nepal.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&ldquo;While much has been achieved, the humanitarian community remains committed to meet remaining needs,&rdquo; McGoldrick, however, said in the statement. &ldquo;With the winter on the way, we must ensure adequate shelter and food security, particularly for more than 80,000 families.&rdquo;<br />
&ldquo;But present conditions are a concern.&rdquo; Since the end of September, fuel in short supply has impeded progress,&quot; he said.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Meanwhile, the Humanitarian Country Team is urging a quick resolution to the fuel shortage so that winter goods can be quickly delivered to vulnerable households.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">&quot;This massive logistical undertaking can be achieved. But the lack of fuel is significantly affecting distribution of goods,&quot; McGoldrick said.<br />
Meanwhile, the Food and Agriculture Organization of the United Nations (FAO) said that it continues to support the government-led efforts to address food security and livelihood needs in the six most-quake hit districts--- Sindhupalchowk, Nuwakot, Dhading, Gorkha, Rasuwa and Dolakha.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">Issuing a press release statement on Sunday, FAO said that six months after the earthquakes, vulnerable farmers in the worst-affected districts still need agricultural inputs to continue the rehabilitation and reconstruction process and revive the agricultural sector.</span></p>

<p style="text-align: justify;"><span style="font-size:14px">The press release stated that FAO has already completed an emergency distribution of 42,000 5kg bags of rice seed in advance of the monsoon planting season, adding that it has also distributed 30,000 durable grain and seed storage bags, with 40,000 more to follow, and nearly 20,000 25kg bags of high-nutrition animal feed. <em>RSS</em>&nbsp;</span></p>
',
			'published' => true,
			'created' => '2015-10-25',
			'modified' => '2015-10-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2802',
			'image' => '20151025042514_ocha.jpg',
			'article_date' => '2015-10-25 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2955',
			'article_category_id' => '91',
			'title' => 'NMB Bank’s ‘historic’ merger',
			'sub_title' => '',
			'summary' => 'October 19 : NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.',
			'content' => '<p><span style="font-size:14px"><strong>October 19 :</strong> NMB Bank started its integrated operation from Sunday after a historic merger with four financial institutes - Pathivara Bikash Bank, Clean Energy Development Bank, Prudential Finance including NMB Bank itself. The meerged bank has retained the name NMB Bank.</span></p>

<p><span style="font-size:14px">Speaking at the programme, NMB Bank Chiarman Pawan Kumar Golyan said that with the merger, the bank now aims at a spot among the country&rsquo;s five major commercial banks.</span></p>

<p><span style="font-size:14px">&ldquo;We now easily can meet the target within two years. We are committed to making the bank an outstanding bank,&rdquo; said the bank&rsquo;s CEO Upendra Poudyal.&nbsp;</span></p>

<p><span style="font-size:14px">NMB Bank&rsquo;s integrated operation following the merger was inaugurated by Deputy Prime Minister Bijaya Kumar Gachchhadar.</span></p>

<p><span style="font-size:14px">Now the bank has a paid-up capital of Rs 6.20 billion, including the reserve fund. The bank was transformed as commercial bank seven years ago after operating as a Class C financial institution for 18 years.</span></p>

<p><span style="font-size:14px">&ldquo;We hope to easily meet the new paid-up capital requirement of Rs 8 billion in the next two years,&rdquo; says Poudyal.</span></p>

<p><span style="font-size:14px">According to Podyal, NMB&rsquo;s foreign partners, Young Lian Malaysia and FMO of the Netherlands, are also going to increase the investment to help raise the paid-up capital.</span></p>

<p><span style="font-size:14px">FMO is going to make a new investment of 20 percent of the paid-up capital after merger. The bank expects that partnership with FMO will assist in energy, international business and capital market and also help create a strong capital base.</span></p>

<p><span style="font-size:14px">After the merger, NMB&rsquo;s total deposit has reached Rs 54 billion and loan Rs 41 billion. Now the bank has 39 branches, 42 ATM outlets and seven extension counters.</span></p>
',
			'published' => true,
			'created' => '2015-10-19',
			'modified' => '2015-10-19',
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			'sortorder' => '2795',
			'image' => '20151019012927_nmb merger.jpg',
			'article_date' => '2015-10-19 00:00:00',
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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::_evaluate() - CORE/Cake/View/View.php, line 971
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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