Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '5784',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank’s Right Issue Opens today',
			'sub_title' => '',
			'summary' => 'April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.',
			'content' => '<p style="text-align: justify;">April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.</p>

<p style="text-align: justify;">The shareholders registered in the book by April 11 can apply for the right shares. The bank has appointed Ace Capital Ltd as its issue manager.&nbsp;</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/garima.jpg" style="height:845px; width:600px" /></p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5569',
			'image' => '20170427122037_garima 2.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5783',
			'article_category_id' => '1',
			'title' => 'Sahayogi Bikas to Issue 10:3.5 Right Issue',
			'sub_title' => '',
			'summary' => 'April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.',
			'content' => '<p style="text-align: justify;">April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.</p>

<p style="text-align: justify;">The shareholders registered in the registration book of the bank by April 28 can apply for the right shares. The bank has appointed NCM Merchant Banking Ltd as its issue manager. Interested shareholders can apply for the right shares from NCM along with all the branches of Sahayogi Bikas Bank. Presently the bank has paid-up capital of Rs 314.6 million which will increase to Rs 424.7 million after the right share issue.</p>

<p style="text-align: justify;">By the third quarter of the current FY, the bank has been able to earn Rs 92.9 million net profit. The profit is increased by 188 percent compared to the corresponding period of the last FY. Similarly, operating profit and net interest income of the bank has increased by 158 percent and 84 percent respectively in the review period. Likewise, reserve fund of the bank has increased by 158 percent to Rs 233.8 million. By the nine months of the current FY, the bank collected deposit of Rs 2.97 billion and extended loan of Rs 2.88 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5568',
			'image' => '20170427112614_sahayo.jpg',
			'article_date' => '2017-04-27 00:00:00',
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		'Article' => array(
			'id' => '5776',
			'article_category_id' => '1',
			'title' => 'CSR Compulsory from Current FY',
			'sub_title' => 'Proposed to be moved ahead as fund',
			'summary' => 'April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it. ',
			'content' => '<p style="text-align:justify">April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it.&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The Act which was approved by the parliament a few months ago has made it compulsory by law. According to this, if any company does not follow the Act, the company will be fined 0.75 percent of their annual transaction amount.</p>

<p style="text-align:justify">Purushottam Nepal, Spokesperson of the Ministry of Industry (MoI) informed that CSR will be made compulsory from the current fiscal year itself. &ldquo;The regulation will not be the condition for the compulsory implementation of CSR,&rdquo; he said. &ldquo;Currently, there is no option other than bringing the proof of certain amount that has been spent in CSR within the allocated time.&rdquo;</p>

<p style="text-align:justify">The Act mentions that one percent of annual profit need to be separated by medium level, large and industries transacting more than Rs 150 million annually.</p>

<p style="text-align:justify">As per this, the companies should spend the allocated amount in specified areas by preparing annual plans and programmes. However, in the condition when the regulation has not been prepared, entrepreneurs are in dilemma in issues such as to how to determine whether or not CSR liabilities have been full-filled, and which areas will be considered as CSR liabilities expenditure areas.</p>

<p style="text-align:justify">Every company needs to submit their total transaction amount and progress report of plans and programmes carried out under CSR within the three months of the end of FY. The preliminary draft of the regulations has been already prepared by MoI and is now under discussion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The ministry had earlier proposed to raise the amount in a fund and to spend in education of the poor children who are deprived of education. But the entrepreneurs have suspected the government of raising it in the fund as a form of taxation.</p>

<p style="text-align:justify">&nbsp;At a time when there are many funds with government remaining unspent, CSR amount should not be operated as a fund, said CNI President Hari Bhakta Sharma.&nbsp;&nbsp;</p>
',
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			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427103303_csr.jpg',
			'article_date' => '2017-04-27 00:00:00',
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		'Article' => array(
			'id' => '5782',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Declared Best Regional Flight Service',
			'sub_title' => '',
			'summary' => 'April 27: Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.',
			'content' => '<p>April 27:<strong>&nbsp;</strong>Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.</p>

<p>The company has received the award from the Money Magazine&rsquo;s globally recognized &lsquo;Best in Travel&rsquo;- 2017 from Middle-East and African region.</p>

<p>The magazine has been honoring airlines companies on the basis of cost they charge and quality they provide for the service to its passengers.</p>

<p>The Airways was honored with the award for providing best flight experience, comfort and quality service to its passengers.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427105041_qatar.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5781',
			'article_category_id' => '1',
			'title' => 'Shivam Cement’s ‘No Compromise’ Campaign',
			'sub_title' => '',
			'summary' => 'April 27: Shivam Cement’s ‘No Compromise’ campaign has started in Birgunj. Under this campaign, the company is displaying ‘No Compromise’ placards carried by individuals at main points, hospitals, parks and roads of Birgunj.',
			'content' => '<p style="text-align: justify;">April 27: Shivam Cement&rsquo;s &lsquo;No Compromise&rsquo; campaign has started in Birgunj. Under this campaign, the company is displaying &lsquo;No Compromise&rsquo; placards carried by individuals at main points, hospitals, parks and roads of Birgunj.</p>

<p style="text-align: justify;">According to the company, it has started this campaign to influence daily lifestyle and thoughts in positive ways and make people aware.</p>

<p style="text-align: justify;">The company has placed placards in view of the safety of passengers in bus parks, clock tower and regarding following of street laws in main points of the area.</p>

<p style="text-align: justify;">Similarly, the company has displayed placards in Narayani Hospital and fitness-related placards in Ghadiarba Pond for safe journey, human health and healthy lifestyle of people.</p>

<p style="text-align: justify;">Likewise, the company conveyed messages related to cleanliness and preserving culture and heritages through the medium of displaying placards.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5566',
			'image' => '20170427104938_shivam.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '5780',
			'article_category_id' => '1',
			'title' => 'Lenovo K6 Note’s Pre-booking Starts',
			'sub_title' => '',
			'summary' => 'April 27: Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.',
			'content' => '<p style="text-align: justify;">April 27:&nbsp;Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.</p>

<p style="text-align: justify;">According to the company, the initial marked price of the new smartphone is Rs 29,999, but the customers can get it for Rs 28,999 after pre-booking. The customers can do pre-booking through Lenovo&rsquo;s website or by going to the nearby authorized distributor, the company informed.</p>

<p style="text-align: justify;">Issuing a press statement, the company has informed that it has focused on the camera of the new smartphone. The new handset has 16 megapixels back camera and 8 MP front camera, informed the company.</p>

<p style="text-align: justify;">Moreover, the company informed that it has 4 GB RAM, 4,000 mAh battery capacity and Octacore Snapdragon processor.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5565',
			'image' => '20170427104827_lenovo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5779',
			'article_category_id' => '1',
			'title' => 'Agreement between General Finance and Best Remit',
			'sub_title' => '',
			'summary' => 'April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.',
			'content' => '<p style="text-align: justify;">April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.</p>

<p style="text-align: justify;">Diwakar Poudel, Managing Director of Best Remit and Maheswor Pahari, CEO of General Finance have signed the agreement paper in this regard.</p>

<p style="text-align: justify;">According to the agreement, the customers can receive payments of remittances from all branches of the General Finance coming through Best Remit Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5564',
			'image' => '20170427104735_general.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '5778',
			'article_category_id' => '1',
			'title' => 'Chocofun Bags International Award',
			'sub_title' => '',
			'summary' => 'April 27: Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award. ',
			'content' => '<p>April 27:&nbsp;Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award.&nbsp;</p>

<p>According to the company, quality of Chocofun is marked with international standard with DLG Silver award. Deutsche Landwirtschafts-Gesellschaft (DLG) is the award provided by Germany.&nbsp;</p>

<p><br />
Issuing a press statement, the company has committed to producing quality products continually in the future for its consumers.&nbsp;<br />
Sujal Foods, the subsidiary company of Laxmi Group has been producing confessionary products for the past four decades.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5563',
			'image' => '20170427104635_chocofun.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5777',
			'article_category_id' => '1',
			'title' => 'Uniglobe College Wins Advertisement Contest',
			'sub_title' => '',
			'summary' => 'April 27: Uniglobe College has won advertisement-making contest entitled ‘War of The Beats’. According to the organizer, ‘Iconics’  the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.',
			'content' => '<p style="text-align: justify;">April 27:<strong>&nbsp;</strong>Uniglobe College has won advertisement-making contest entitled &lsquo;War of The Beats&rsquo;. According to the organizer, &lsquo;Iconics&rsquo; &nbsp;the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.</p>

<p style="text-align: justify;">The organizer informed that winners of the contest participated in by 10 groups of various MBA colleges, bagged trophy and Rs 55,000 cash prize.</p>

<p style="text-align: justify;">In the contest, the participants presented advertisements by their own illustration, design and research in front of judges. The contest aims to hunt creativity in the sector of digital marketing and advertisements, the organizer informed.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5562',
			'image' => '20170427104526_uniglobe.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5775',
			'article_category_id' => '1',
			'title' => 'Priority Needed to Production Sector',
			'sub_title' => 'Govt- Business Sector Pre-Budget Discussion ',
			'summary' => 'April 25:  Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.',
			'content' => '<p style="text-align: justify;">April 25: &nbsp;Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.</p>

<p style="text-align: justify;">Representatives from the private sector, entrepreneurs and other stakeholders were also present during the discussion which was organised by the Revenue Advisory Committee of the Ministry of Finance on April 24.</p>

<p style="text-align: justify;">The programme focused on the issue that the contribution of GDP is decreasing from the productive sector of Nepal. Economist Dr Posh Raj Pandey as a representative from the private sector presented a common working paper&nbsp; mentioning &nbsp;that the industrialization, comercialisation of agriculture and infrastructure development should get priority in&nbsp; the upcoming budget and policies of &nbsp;the government.&nbsp;</p>

<p style="text-align: justify;">&quot;Establishing National Industrial Centre for Excellence is necessary to promote industrialisation,&quot; shared Pandey. He also said that the government should focus on inter-governmental cooperation for proper implementation of the budget.</p>

<p style="text-align: justify;">Similarly, during the programme, Haribhakta Sharma, President of the Confederation of Nepalese Industries (CNI), said that the government should promote e-governance to save time in administrative works.</p>

<p style="text-align: justify;">He also stressed that the recently formulated Acts related to economy should be implemented by working out regulations to improve the environment for investment in Nepal.&nbsp; &quot;The increase of transport costs in the Tribhuvan International Airport has affected the import and export. So, the finance minister should address this issue,&quot; said Sharma.</p>

<p style="text-align: justify;">Similarly, President of FNCCI Bhawani Rana said that the new budget, and policies and programmes should be business -friendly and should encourage the production- oriented industries. Rana suggested that the policies should be implemented in such a way that the entrepreneurs don&rsquo;t have to pay extra taxes.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5560',
			'image' => '20170425042055_product.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '5774',
			'article_category_id' => '1',
			'title' => 'Rs 47 Billion Spent in Import of Petroleum Products via Birgunj',
			'sub_title' => '',
			'summary' => 'April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.',
			'content' => '<p style="text-align: justify;">April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.</p>

<p style="text-align: justify;">According to Sewantak Pokharel, official of the Birgunj Customs Office, the corporation has paid revenue of more than Rs 10.82 billion while importing petroleum products from the Indian Oil Corporation (IOC). The Customs informed that 70 percent of total petroleum products consumed in the country is imported via the Birgunj border point.</p>

<p style="text-align: justify;">According to the Customs Office, the import of petroleum products decreased significantly due to last year&rsquo;s Madhesh movement and border blockade. In the review period of last year, oil and LPG worth Rs 15.53 billion was imported through the Birgunj border. Despite the increment in import of petroleum products, the cost paid for it has decreased compared to FY 2071/72 BS.</p>

<p style="text-align: justify;">During that year, petroleum products of Rs 53.81 billion was imported in Nepal. Pokharel said, &ldquo;It is the result of low price in petroleum products. Though there was increase of import, the cost for it has comparatively decreased than in the past.&rdquo;</p>

<p style="text-align: justify;">The report of Birgunj Customs Office suggests that diesel is imported most in the period. The corporation has imported 473,069 kilolitres of diesel within nine months of current FY.</p>

<p style="text-align: justify;">Customs Officer Arun &nbsp;Poudel informed that Rs 23.91 billion is spent for importing diesel whereas Rs 8.26 billion (166,758 kiloliters) of petrol has been imported.</p>

<p style="text-align: justify;">In the review year of 2071/2072 BS, where import and export was normal, 370,000 kiloliters of diesel and 132,408 kiloliters of petrol was imported.</p>

<p style="text-align: justify;">The report shows that 111,694 kiloliters of aviation fuel was imported within the nine months of the current FY.</p>

<p style="text-align: justify;">Likewise, 133.844 million kilos of cooking gas was imported during the review period, shows the report. The Birgunj Customs Office has ranked petroleum in second place as regards contribution of revenue collection after the import of automobiles.</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5559',
			'image' => '20170425032710_birgunj.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5773',
			'article_category_id' => '1',
			'title' => 'IRA’s Two Wine Products Launched',
			'sub_title' => '',
			'summary' => 'April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of ‘IRA’ brand made from plum and pear.',
			'content' => '<p style="text-align:justify">April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of &lsquo;IRA&rsquo; brand made from plum and pear.</p>

<p style="text-align:justify">Dr. Toran Sharma, Chairman of the company launched both the products amid a program in Lalitpur on April 24.</p>

<p style="text-align:justify">Speaking at the program, Chairman Dr. Sharma said that farmers of Tistung and Palung villages of Makwanpur district are excited due to the establishment of the company.</p>

<p style="text-align:justify">According to him, the farmers were facing problems despite adequate production of fruits there and they were not getting reasonable price for it and fruits were rotting due to lack of market. &ldquo;We established the wine industry in that area to enhance their lifestyle by consuming the fruits they produce&rdquo;, he added.</p>

<p style="text-align:justify">Similarly, Arjun Pradhan, Managing Director of the company believes that Nepali customers will love the taste of wine made from the organic fruits. He shares, &ldquo;It is not necessary that wine should be made from grapes only. We have set example that wine made from plum and pear can also be tasty.&rdquo;</p>

<p style="text-align:justify">The company said the new products will have 10 percent alcohol and come in bottles of 750 ml at a price of Rs 500. The company informed that it has sent samples of this wine to Hong Kong and Singapore for its export.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5558',
			'image' => '20170425032605_ira.jpg',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5772',
			'article_category_id' => '1',
			'title' => 'Int’l Trade Fair and Innovation Expo Concludes',
			'sub_title' => '',
			'summary' => 'April 25: The 13th International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.',
			'content' => '<p style="text-align: justify;">April 25: The 13<sup>th</sup> International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.</p>

<p style="text-align: justify;">According to Shyam Prasad Giri, President of the Federation of Cottage and Small Industries (FNCSI), some 125,000 visitors visited the Expo.</p>

<p style="text-align: justify;">Speaking at the closing ceremony of the Expo, Nabindra Raj Joshi, Chief Guest and Minister of Industry said that the government is ready to support small and cottage industries which are contributing to the economy of the country. &ldquo;For this, traders and entrepreneurs must improve quality of products and expand the market&rdquo;, he added.</p>

<p style="text-align: justify;">President of FNCSI, Giri said the Expo with the slogan &ldquo;Let&rsquo;s use Nepali products, let&rsquo;s be proud of being Nepalis&rdquo; had all types of industrial products manufactured in the country. Similarly, interaction was also held in B2B and B2C levels with innovators and traders in the Expo.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5557',
			'image' => '20170425032510_13th.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '5771',
			'article_category_id' => '1',
			'title' => 'Four Companies lined up for Right Issue Approval',
			'sub_title' => '',
			'summary' => 'April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.',
			'content' => '<p style="text-align: justify;">April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.</p>

<p style="text-align: justify;">Prabhu Bank is seeking approval to issue 10:4 right issues. The bank is set to issue 23,525,608 units of right shares to its existing shareholders. NCM Merchant Banking has been appointed as Issue Manager by the bank.</p>

<p style="text-align: justify;">Similarly, Kankai Bikas Bank is issuing 1:2.14 right issues. The bank will issue 3,210,000 units of right shares with a face value of Rs 100 to its existing shareholders. For that matter, it has appointed Siddhartha Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Likewise, Alpine Development Bank is issuing 3:2.08 right shares. The bank is set to issue 1,803,247 units of right shares to its existing shareholders. The bank has appointed NMB Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Moreover, Machapuchchhre Bank is seeking SEBON approval to issue 10:1 right share. The bank will issue 7,918,440 units of right shares to its existing shareholders. NMB Capital Ltd will be managing the issue.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5556',
			'image' => '20170425014649_Capture.JPG',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5770',
			'article_category_id' => '1',
			'title' => 'SEBON Approves Right Issue of Nepal SBI',
			'sub_title' => '',
			'summary' => 'April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue. ',
			'content' => '<p style="text-align: justify;">April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5555',
			'image' => '20170425012018_nsbi.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5784',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank’s Right Issue Opens today',
			'sub_title' => '',
			'summary' => 'April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.',
			'content' => '<p style="text-align: justify;">April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.</p>

<p style="text-align: justify;">The shareholders registered in the book by April 11 can apply for the right shares. The bank has appointed Ace Capital Ltd as its issue manager.&nbsp;</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/garima.jpg" style="height:845px; width:600px" /></p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5569',
			'image' => '20170427122037_garima 2.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '5783',
			'article_category_id' => '1',
			'title' => 'Sahayogi Bikas to Issue 10:3.5 Right Issue',
			'sub_title' => '',
			'summary' => 'April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.',
			'content' => '<p style="text-align: justify;">April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.</p>

<p style="text-align: justify;">The shareholders registered in the registration book of the bank by April 28 can apply for the right shares. The bank has appointed NCM Merchant Banking Ltd as its issue manager. Interested shareholders can apply for the right shares from NCM along with all the branches of Sahayogi Bikas Bank. Presently the bank has paid-up capital of Rs 314.6 million which will increase to Rs 424.7 million after the right share issue.</p>

<p style="text-align: justify;">By the third quarter of the current FY, the bank has been able to earn Rs 92.9 million net profit. The profit is increased by 188 percent compared to the corresponding period of the last FY. Similarly, operating profit and net interest income of the bank has increased by 158 percent and 84 percent respectively in the review period. Likewise, reserve fund of the bank has increased by 158 percent to Rs 233.8 million. By the nine months of the current FY, the bank collected deposit of Rs 2.97 billion and extended loan of Rs 2.88 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5568',
			'image' => '20170427112614_sahayo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 2 => array(
		'Article' => array(
			'id' => '5776',
			'article_category_id' => '1',
			'title' => 'CSR Compulsory from Current FY',
			'sub_title' => 'Proposed to be moved ahead as fund',
			'summary' => 'April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it. ',
			'content' => '<p style="text-align:justify">April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it.&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The Act which was approved by the parliament a few months ago has made it compulsory by law. According to this, if any company does not follow the Act, the company will be fined 0.75 percent of their annual transaction amount.</p>

<p style="text-align:justify">Purushottam Nepal, Spokesperson of the Ministry of Industry (MoI) informed that CSR will be made compulsory from the current fiscal year itself. &ldquo;The regulation will not be the condition for the compulsory implementation of CSR,&rdquo; he said. &ldquo;Currently, there is no option other than bringing the proof of certain amount that has been spent in CSR within the allocated time.&rdquo;</p>

<p style="text-align:justify">The Act mentions that one percent of annual profit need to be separated by medium level, large and industries transacting more than Rs 150 million annually.</p>

<p style="text-align:justify">As per this, the companies should spend the allocated amount in specified areas by preparing annual plans and programmes. However, in the condition when the regulation has not been prepared, entrepreneurs are in dilemma in issues such as to how to determine whether or not CSR liabilities have been full-filled, and which areas will be considered as CSR liabilities expenditure areas.</p>

<p style="text-align:justify">Every company needs to submit their total transaction amount and progress report of plans and programmes carried out under CSR within the three months of the end of FY. The preliminary draft of the regulations has been already prepared by MoI and is now under discussion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The ministry had earlier proposed to raise the amount in a fund and to spend in education of the poor children who are deprived of education. But the entrepreneurs have suspected the government of raising it in the fund as a form of taxation.</p>

<p style="text-align:justify">&nbsp;At a time when there are many funds with government remaining unspent, CSR amount should not be operated as a fund, said CNI President Hari Bhakta Sharma.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427103303_csr.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 3 => array(
		'Article' => array(
			'id' => '5782',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Declared Best Regional Flight Service',
			'sub_title' => '',
			'summary' => 'April 27: Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.',
			'content' => '<p>April 27:<strong>&nbsp;</strong>Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.</p>

<p>The company has received the award from the Money Magazine&rsquo;s globally recognized &lsquo;Best in Travel&rsquo;- 2017 from Middle-East and African region.</p>

<p>The magazine has been honoring airlines companies on the basis of cost they charge and quality they provide for the service to its passengers.</p>

<p>The Airways was honored with the award for providing best flight experience, comfort and quality service to its passengers.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427105041_qatar.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5781',
			'article_category_id' => '1',
			'title' => 'Shivam Cement’s ‘No Compromise’ Campaign',
			'sub_title' => '',
			'summary' => 'April 27: Shivam Cement’s ‘No Compromise’ campaign has started in Birgunj. Under this campaign, the company is displaying ‘No Compromise’ placards carried by individuals at main points, hospitals, parks and roads of Birgunj.',
			'content' => '<p style="text-align: justify;">April 27: Shivam Cement&rsquo;s &lsquo;No Compromise&rsquo; campaign has started in Birgunj. Under this campaign, the company is displaying &lsquo;No Compromise&rsquo; placards carried by individuals at main points, hospitals, parks and roads of Birgunj.</p>

<p style="text-align: justify;">According to the company, it has started this campaign to influence daily lifestyle and thoughts in positive ways and make people aware.</p>

<p style="text-align: justify;">The company has placed placards in view of the safety of passengers in bus parks, clock tower and regarding following of street laws in main points of the area.</p>

<p style="text-align: justify;">Similarly, the company has displayed placards in Narayani Hospital and fitness-related placards in Ghadiarba Pond for safe journey, human health and healthy lifestyle of people.</p>

<p style="text-align: justify;">Likewise, the company conveyed messages related to cleanliness and preserving culture and heritages through the medium of displaying placards.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5566',
			'image' => '20170427104938_shivam.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5780',
			'article_category_id' => '1',
			'title' => 'Lenovo K6 Note’s Pre-booking Starts',
			'sub_title' => '',
			'summary' => 'April 27: Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.',
			'content' => '<p style="text-align: justify;">April 27:&nbsp;Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.</p>

<p style="text-align: justify;">According to the company, the initial marked price of the new smartphone is Rs 29,999, but the customers can get it for Rs 28,999 after pre-booking. The customers can do pre-booking through Lenovo&rsquo;s website or by going to the nearby authorized distributor, the company informed.</p>

<p style="text-align: justify;">Issuing a press statement, the company has informed that it has focused on the camera of the new smartphone. The new handset has 16 megapixels back camera and 8 MP front camera, informed the company.</p>

<p style="text-align: justify;">Moreover, the company informed that it has 4 GB RAM, 4,000 mAh battery capacity and Octacore Snapdragon processor.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5565',
			'image' => '20170427104827_lenovo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5779',
			'article_category_id' => '1',
			'title' => 'Agreement between General Finance and Best Remit',
			'sub_title' => '',
			'summary' => 'April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.',
			'content' => '<p style="text-align: justify;">April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.</p>

<p style="text-align: justify;">Diwakar Poudel, Managing Director of Best Remit and Maheswor Pahari, CEO of General Finance have signed the agreement paper in this regard.</p>

<p style="text-align: justify;">According to the agreement, the customers can receive payments of remittances from all branches of the General Finance coming through Best Remit Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5564',
			'image' => '20170427104735_general.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5778',
			'article_category_id' => '1',
			'title' => 'Chocofun Bags International Award',
			'sub_title' => '',
			'summary' => 'April 27: Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award. ',
			'content' => '<p>April 27:&nbsp;Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award.&nbsp;</p>

<p>According to the company, quality of Chocofun is marked with international standard with DLG Silver award. Deutsche Landwirtschafts-Gesellschaft (DLG) is the award provided by Germany.&nbsp;</p>

<p><br />
Issuing a press statement, the company has committed to producing quality products continually in the future for its consumers.&nbsp;<br />
Sujal Foods, the subsidiary company of Laxmi Group has been producing confessionary products for the past four decades.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5563',
			'image' => '20170427104635_chocofun.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5777',
			'article_category_id' => '1',
			'title' => 'Uniglobe College Wins Advertisement Contest',
			'sub_title' => '',
			'summary' => 'April 27: Uniglobe College has won advertisement-making contest entitled ‘War of The Beats’. According to the organizer, ‘Iconics’  the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.',
			'content' => '<p style="text-align: justify;">April 27:<strong>&nbsp;</strong>Uniglobe College has won advertisement-making contest entitled &lsquo;War of The Beats&rsquo;. According to the organizer, &lsquo;Iconics&rsquo; &nbsp;the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.</p>

<p style="text-align: justify;">The organizer informed that winners of the contest participated in by 10 groups of various MBA colleges, bagged trophy and Rs 55,000 cash prize.</p>

<p style="text-align: justify;">In the contest, the participants presented advertisements by their own illustration, design and research in front of judges. The contest aims to hunt creativity in the sector of digital marketing and advertisements, the organizer informed.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5562',
			'image' => '20170427104526_uniglobe.jpg',
			'article_date' => '2017-04-27 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5775',
			'article_category_id' => '1',
			'title' => 'Priority Needed to Production Sector',
			'sub_title' => 'Govt- Business Sector Pre-Budget Discussion ',
			'summary' => 'April 25:  Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.',
			'content' => '<p style="text-align: justify;">April 25: &nbsp;Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.</p>

<p style="text-align: justify;">Representatives from the private sector, entrepreneurs and other stakeholders were also present during the discussion which was organised by the Revenue Advisory Committee of the Ministry of Finance on April 24.</p>

<p style="text-align: justify;">The programme focused on the issue that the contribution of GDP is decreasing from the productive sector of Nepal. Economist Dr Posh Raj Pandey as a representative from the private sector presented a common working paper&nbsp; mentioning &nbsp;that the industrialization, comercialisation of agriculture and infrastructure development should get priority in&nbsp; the upcoming budget and policies of &nbsp;the government.&nbsp;</p>

<p style="text-align: justify;">&quot;Establishing National Industrial Centre for Excellence is necessary to promote industrialisation,&quot; shared Pandey. He also said that the government should focus on inter-governmental cooperation for proper implementation of the budget.</p>

<p style="text-align: justify;">Similarly, during the programme, Haribhakta Sharma, President of the Confederation of Nepalese Industries (CNI), said that the government should promote e-governance to save time in administrative works.</p>

<p style="text-align: justify;">He also stressed that the recently formulated Acts related to economy should be implemented by working out regulations to improve the environment for investment in Nepal.&nbsp; &quot;The increase of transport costs in the Tribhuvan International Airport has affected the import and export. So, the finance minister should address this issue,&quot; said Sharma.</p>

<p style="text-align: justify;">Similarly, President of FNCCI Bhawani Rana said that the new budget, and policies and programmes should be business -friendly and should encourage the production- oriented industries. Rana suggested that the policies should be implemented in such a way that the entrepreneurs don&rsquo;t have to pay extra taxes.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5560',
			'image' => '20170425042055_product.jpg',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5774',
			'article_category_id' => '1',
			'title' => 'Rs 47 Billion Spent in Import of Petroleum Products via Birgunj',
			'sub_title' => '',
			'summary' => 'April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.',
			'content' => '<p style="text-align: justify;">April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.</p>

<p style="text-align: justify;">According to Sewantak Pokharel, official of the Birgunj Customs Office, the corporation has paid revenue of more than Rs 10.82 billion while importing petroleum products from the Indian Oil Corporation (IOC). The Customs informed that 70 percent of total petroleum products consumed in the country is imported via the Birgunj border point.</p>

<p style="text-align: justify;">According to the Customs Office, the import of petroleum products decreased significantly due to last year&rsquo;s Madhesh movement and border blockade. In the review period of last year, oil and LPG worth Rs 15.53 billion was imported through the Birgunj border. Despite the increment in import of petroleum products, the cost paid for it has decreased compared to FY 2071/72 BS.</p>

<p style="text-align: justify;">During that year, petroleum products of Rs 53.81 billion was imported in Nepal. Pokharel said, &ldquo;It is the result of low price in petroleum products. Though there was increase of import, the cost for it has comparatively decreased than in the past.&rdquo;</p>

<p style="text-align: justify;">The report of Birgunj Customs Office suggests that diesel is imported most in the period. The corporation has imported 473,069 kilolitres of diesel within nine months of current FY.</p>

<p style="text-align: justify;">Customs Officer Arun &nbsp;Poudel informed that Rs 23.91 billion is spent for importing diesel whereas Rs 8.26 billion (166,758 kiloliters) of petrol has been imported.</p>

<p style="text-align: justify;">In the review year of 2071/2072 BS, where import and export was normal, 370,000 kiloliters of diesel and 132,408 kiloliters of petrol was imported.</p>

<p style="text-align: justify;">The report shows that 111,694 kiloliters of aviation fuel was imported within the nine months of the current FY.</p>

<p style="text-align: justify;">Likewise, 133.844 million kilos of cooking gas was imported during the review period, shows the report. The Birgunj Customs Office has ranked petroleum in second place as regards contribution of revenue collection after the import of automobiles.</p>
',
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			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5559',
			'image' => '20170425032710_birgunj.jpg',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5773',
			'article_category_id' => '1',
			'title' => 'IRA’s Two Wine Products Launched',
			'sub_title' => '',
			'summary' => 'April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of ‘IRA’ brand made from plum and pear.',
			'content' => '<p style="text-align:justify">April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of &lsquo;IRA&rsquo; brand made from plum and pear.</p>

<p style="text-align:justify">Dr. Toran Sharma, Chairman of the company launched both the products amid a program in Lalitpur on April 24.</p>

<p style="text-align:justify">Speaking at the program, Chairman Dr. Sharma said that farmers of Tistung and Palung villages of Makwanpur district are excited due to the establishment of the company.</p>

<p style="text-align:justify">According to him, the farmers were facing problems despite adequate production of fruits there and they were not getting reasonable price for it and fruits were rotting due to lack of market. &ldquo;We established the wine industry in that area to enhance their lifestyle by consuming the fruits they produce&rdquo;, he added.</p>

<p style="text-align:justify">Similarly, Arjun Pradhan, Managing Director of the company believes that Nepali customers will love the taste of wine made from the organic fruits. He shares, &ldquo;It is not necessary that wine should be made from grapes only. We have set example that wine made from plum and pear can also be tasty.&rdquo;</p>

<p style="text-align:justify">The company said the new products will have 10 percent alcohol and come in bottles of 750 ml at a price of Rs 500. The company informed that it has sent samples of this wine to Hong Kong and Singapore for its export.&nbsp;</p>
',
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			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5558',
			'image' => '20170425032605_ira.jpg',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5772',
			'article_category_id' => '1',
			'title' => 'Int’l Trade Fair and Innovation Expo Concludes',
			'sub_title' => '',
			'summary' => 'April 25: The 13th International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.',
			'content' => '<p style="text-align: justify;">April 25: The 13<sup>th</sup> International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.</p>

<p style="text-align: justify;">According to Shyam Prasad Giri, President of the Federation of Cottage and Small Industries (FNCSI), some 125,000 visitors visited the Expo.</p>

<p style="text-align: justify;">Speaking at the closing ceremony of the Expo, Nabindra Raj Joshi, Chief Guest and Minister of Industry said that the government is ready to support small and cottage industries which are contributing to the economy of the country. &ldquo;For this, traders and entrepreneurs must improve quality of products and expand the market&rdquo;, he added.</p>

<p style="text-align: justify;">President of FNCSI, Giri said the Expo with the slogan &ldquo;Let&rsquo;s use Nepali products, let&rsquo;s be proud of being Nepalis&rdquo; had all types of industrial products manufactured in the country. Similarly, interaction was also held in B2B and B2C levels with innovators and traders in the Expo.&nbsp;</p>
',
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			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5557',
			'image' => '20170425032510_13th.jpg',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5771',
			'article_category_id' => '1',
			'title' => 'Four Companies lined up for Right Issue Approval',
			'sub_title' => '',
			'summary' => 'April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.',
			'content' => '<p style="text-align: justify;">April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.</p>

<p style="text-align: justify;">Prabhu Bank is seeking approval to issue 10:4 right issues. The bank is set to issue 23,525,608 units of right shares to its existing shareholders. NCM Merchant Banking has been appointed as Issue Manager by the bank.</p>

<p style="text-align: justify;">Similarly, Kankai Bikas Bank is issuing 1:2.14 right issues. The bank will issue 3,210,000 units of right shares with a face value of Rs 100 to its existing shareholders. For that matter, it has appointed Siddhartha Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Likewise, Alpine Development Bank is issuing 3:2.08 right shares. The bank is set to issue 1,803,247 units of right shares to its existing shareholders. The bank has appointed NMB Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Moreover, Machapuchchhre Bank is seeking SEBON approval to issue 10:1 right share. The bank will issue 7,918,440 units of right shares to its existing shareholders. NMB Capital Ltd will be managing the issue.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5556',
			'image' => '20170425014649_Capture.JPG',
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		'Article' => array(
			'id' => '5770',
			'article_category_id' => '1',
			'title' => 'SEBON Approves Right Issue of Nepal SBI',
			'sub_title' => '',
			'summary' => 'April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue. ',
			'content' => '<p style="text-align: justify;">April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue.&nbsp;</p>
',
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			'sortorder' => '5555',
			'image' => '20170425012018_nsbi.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '5784',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank’s Right Issue Opens today',
			'sub_title' => '',
			'summary' => 'April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.',
			'content' => '<p style="text-align: justify;">April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.</p>

<p style="text-align: justify;">The shareholders registered in the book by April 11 can apply for the right shares. The bank has appointed Ace Capital Ltd as its issue manager.&nbsp;</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/garima.jpg" style="height:845px; width:600px" /></p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5569',
			'image' => '20170427122037_garima 2.jpg',
			'article_date' => '2017-04-27 00:00:00',
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		'Article' => array(
			'id' => '5783',
			'article_category_id' => '1',
			'title' => 'Sahayogi Bikas to Issue 10:3.5 Right Issue',
			'sub_title' => '',
			'summary' => 'April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.',
			'content' => '<p style="text-align: justify;">April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.</p>

<p style="text-align: justify;">The shareholders registered in the registration book of the bank by April 28 can apply for the right shares. The bank has appointed NCM Merchant Banking Ltd as its issue manager. Interested shareholders can apply for the right shares from NCM along with all the branches of Sahayogi Bikas Bank. Presently the bank has paid-up capital of Rs 314.6 million which will increase to Rs 424.7 million after the right share issue.</p>

<p style="text-align: justify;">By the third quarter of the current FY, the bank has been able to earn Rs 92.9 million net profit. The profit is increased by 188 percent compared to the corresponding period of the last FY. Similarly, operating profit and net interest income of the bank has increased by 158 percent and 84 percent respectively in the review period. Likewise, reserve fund of the bank has increased by 158 percent to Rs 233.8 million. By the nine months of the current FY, the bank collected deposit of Rs 2.97 billion and extended loan of Rs 2.88 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5568',
			'image' => '20170427112614_sahayo.jpg',
			'article_date' => '2017-04-27 00:00:00',
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		'Article' => array(
			'id' => '5776',
			'article_category_id' => '1',
			'title' => 'CSR Compulsory from Current FY',
			'sub_title' => 'Proposed to be moved ahead as fund',
			'summary' => 'April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it. ',
			'content' => '<p style="text-align:justify">April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it.&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The Act which was approved by the parliament a few months ago has made it compulsory by law. According to this, if any company does not follow the Act, the company will be fined 0.75 percent of their annual transaction amount.</p>

<p style="text-align:justify">Purushottam Nepal, Spokesperson of the Ministry of Industry (MoI) informed that CSR will be made compulsory from the current fiscal year itself. &ldquo;The regulation will not be the condition for the compulsory implementation of CSR,&rdquo; he said. &ldquo;Currently, there is no option other than bringing the proof of certain amount that has been spent in CSR within the allocated time.&rdquo;</p>

<p style="text-align:justify">The Act mentions that one percent of annual profit need to be separated by medium level, large and industries transacting more than Rs 150 million annually.</p>

<p style="text-align:justify">As per this, the companies should spend the allocated amount in specified areas by preparing annual plans and programmes. However, in the condition when the regulation has not been prepared, entrepreneurs are in dilemma in issues such as to how to determine whether or not CSR liabilities have been full-filled, and which areas will be considered as CSR liabilities expenditure areas.</p>

<p style="text-align:justify">Every company needs to submit their total transaction amount and progress report of plans and programmes carried out under CSR within the three months of the end of FY. The preliminary draft of the regulations has been already prepared by MoI and is now under discussion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The ministry had earlier proposed to raise the amount in a fund and to spend in education of the poor children who are deprived of education. But the entrepreneurs have suspected the government of raising it in the fund as a form of taxation.</p>

<p style="text-align:justify">&nbsp;At a time when there are many funds with government remaining unspent, CSR amount should not be operated as a fund, said CNI President Hari Bhakta Sharma.&nbsp;&nbsp;</p>
',
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			'sortorder' => '5567',
			'image' => '20170427103303_csr.jpg',
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		'Article' => array(
			'id' => '5782',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Declared Best Regional Flight Service',
			'sub_title' => '',
			'summary' => 'April 27: Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.',
			'content' => '<p>April 27:<strong>&nbsp;</strong>Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.</p>

<p>The company has received the award from the Money Magazine&rsquo;s globally recognized &lsquo;Best in Travel&rsquo;- 2017 from Middle-East and African region.</p>

<p>The magazine has been honoring airlines companies on the basis of cost they charge and quality they provide for the service to its passengers.</p>

<p>The Airways was honored with the award for providing best flight experience, comfort and quality service to its passengers.</p>
',
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			'created' => '2017-04-27',
			'modified' => '2017-04-27',
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			'sortorder' => '5567',
			'image' => '20170427105041_qatar.jpg',
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		'Article' => array(
			'id' => '5781',
			'article_category_id' => '1',
			'title' => 'Shivam Cement’s ‘No Compromise’ Campaign',
			'sub_title' => '',
			'summary' => 'April 27: Shivam Cement’s ‘No Compromise’ campaign has started in Birgunj. Under this campaign, the company is displaying ‘No Compromise’ placards carried by individuals at main points, hospitals, parks and roads of Birgunj.',
			'content' => '<p style="text-align: justify;">April 27: Shivam Cement&rsquo;s &lsquo;No Compromise&rsquo; campaign has started in Birgunj. Under this campaign, the company is displaying &lsquo;No Compromise&rsquo; placards carried by individuals at main points, hospitals, parks and roads of Birgunj.</p>

<p style="text-align: justify;">According to the company, it has started this campaign to influence daily lifestyle and thoughts in positive ways and make people aware.</p>

<p style="text-align: justify;">The company has placed placards in view of the safety of passengers in bus parks, clock tower and regarding following of street laws in main points of the area.</p>

<p style="text-align: justify;">Similarly, the company has displayed placards in Narayani Hospital and fitness-related placards in Ghadiarba Pond for safe journey, human health and healthy lifestyle of people.</p>

<p style="text-align: justify;">Likewise, the company conveyed messages related to cleanliness and preserving culture and heritages through the medium of displaying placards.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5566',
			'image' => '20170427104938_shivam.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5780',
			'article_category_id' => '1',
			'title' => 'Lenovo K6 Note’s Pre-booking Starts',
			'sub_title' => '',
			'summary' => 'April 27: Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.',
			'content' => '<p style="text-align: justify;">April 27:&nbsp;Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.</p>

<p style="text-align: justify;">According to the company, the initial marked price of the new smartphone is Rs 29,999, but the customers can get it for Rs 28,999 after pre-booking. The customers can do pre-booking through Lenovo&rsquo;s website or by going to the nearby authorized distributor, the company informed.</p>

<p style="text-align: justify;">Issuing a press statement, the company has informed that it has focused on the camera of the new smartphone. The new handset has 16 megapixels back camera and 8 MP front camera, informed the company.</p>

<p style="text-align: justify;">Moreover, the company informed that it has 4 GB RAM, 4,000 mAh battery capacity and Octacore Snapdragon processor.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5565',
			'image' => '20170427104827_lenovo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5779',
			'article_category_id' => '1',
			'title' => 'Agreement between General Finance and Best Remit',
			'sub_title' => '',
			'summary' => 'April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.',
			'content' => '<p style="text-align: justify;">April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.</p>

<p style="text-align: justify;">Diwakar Poudel, Managing Director of Best Remit and Maheswor Pahari, CEO of General Finance have signed the agreement paper in this regard.</p>

<p style="text-align: justify;">According to the agreement, the customers can receive payments of remittances from all branches of the General Finance coming through Best Remit Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5564',
			'image' => '20170427104735_general.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5778',
			'article_category_id' => '1',
			'title' => 'Chocofun Bags International Award',
			'sub_title' => '',
			'summary' => 'April 27: Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award. ',
			'content' => '<p>April 27:&nbsp;Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award.&nbsp;</p>

<p>According to the company, quality of Chocofun is marked with international standard with DLG Silver award. Deutsche Landwirtschafts-Gesellschaft (DLG) is the award provided by Germany.&nbsp;</p>

<p><br />
Issuing a press statement, the company has committed to producing quality products continually in the future for its consumers.&nbsp;<br />
Sujal Foods, the subsidiary company of Laxmi Group has been producing confessionary products for the past four decades.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5563',
			'image' => '20170427104635_chocofun.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5777',
			'article_category_id' => '1',
			'title' => 'Uniglobe College Wins Advertisement Contest',
			'sub_title' => '',
			'summary' => 'April 27: Uniglobe College has won advertisement-making contest entitled ‘War of The Beats’. According to the organizer, ‘Iconics’  the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.',
			'content' => '<p style="text-align: justify;">April 27:<strong>&nbsp;</strong>Uniglobe College has won advertisement-making contest entitled &lsquo;War of The Beats&rsquo;. According to the organizer, &lsquo;Iconics&rsquo; &nbsp;the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.</p>

<p style="text-align: justify;">The organizer informed that winners of the contest participated in by 10 groups of various MBA colleges, bagged trophy and Rs 55,000 cash prize.</p>

<p style="text-align: justify;">In the contest, the participants presented advertisements by their own illustration, design and research in front of judges. The contest aims to hunt creativity in the sector of digital marketing and advertisements, the organizer informed.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5562',
			'image' => '20170427104526_uniglobe.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5775',
			'article_category_id' => '1',
			'title' => 'Priority Needed to Production Sector',
			'sub_title' => 'Govt- Business Sector Pre-Budget Discussion ',
			'summary' => 'April 25:  Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.',
			'content' => '<p style="text-align: justify;">April 25: &nbsp;Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.</p>

<p style="text-align: justify;">Representatives from the private sector, entrepreneurs and other stakeholders were also present during the discussion which was organised by the Revenue Advisory Committee of the Ministry of Finance on April 24.</p>

<p style="text-align: justify;">The programme focused on the issue that the contribution of GDP is decreasing from the productive sector of Nepal. Economist Dr Posh Raj Pandey as a representative from the private sector presented a common working paper&nbsp; mentioning &nbsp;that the industrialization, comercialisation of agriculture and infrastructure development should get priority in&nbsp; the upcoming budget and policies of &nbsp;the government.&nbsp;</p>

<p style="text-align: justify;">&quot;Establishing National Industrial Centre for Excellence is necessary to promote industrialisation,&quot; shared Pandey. He also said that the government should focus on inter-governmental cooperation for proper implementation of the budget.</p>

<p style="text-align: justify;">Similarly, during the programme, Haribhakta Sharma, President of the Confederation of Nepalese Industries (CNI), said that the government should promote e-governance to save time in administrative works.</p>

<p style="text-align: justify;">He also stressed that the recently formulated Acts related to economy should be implemented by working out regulations to improve the environment for investment in Nepal.&nbsp; &quot;The increase of transport costs in the Tribhuvan International Airport has affected the import and export. So, the finance minister should address this issue,&quot; said Sharma.</p>

<p style="text-align: justify;">Similarly, President of FNCCI Bhawani Rana said that the new budget, and policies and programmes should be business -friendly and should encourage the production- oriented industries. Rana suggested that the policies should be implemented in such a way that the entrepreneurs don&rsquo;t have to pay extra taxes.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5560',
			'image' => '20170425042055_product.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5774',
			'article_category_id' => '1',
			'title' => 'Rs 47 Billion Spent in Import of Petroleum Products via Birgunj',
			'sub_title' => '',
			'summary' => 'April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.',
			'content' => '<p style="text-align: justify;">April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.</p>

<p style="text-align: justify;">According to Sewantak Pokharel, official of the Birgunj Customs Office, the corporation has paid revenue of more than Rs 10.82 billion while importing petroleum products from the Indian Oil Corporation (IOC). The Customs informed that 70 percent of total petroleum products consumed in the country is imported via the Birgunj border point.</p>

<p style="text-align: justify;">According to the Customs Office, the import of petroleum products decreased significantly due to last year&rsquo;s Madhesh movement and border blockade. In the review period of last year, oil and LPG worth Rs 15.53 billion was imported through the Birgunj border. Despite the increment in import of petroleum products, the cost paid for it has decreased compared to FY 2071/72 BS.</p>

<p style="text-align: justify;">During that year, petroleum products of Rs 53.81 billion was imported in Nepal. Pokharel said, &ldquo;It is the result of low price in petroleum products. Though there was increase of import, the cost for it has comparatively decreased than in the past.&rdquo;</p>

<p style="text-align: justify;">The report of Birgunj Customs Office suggests that diesel is imported most in the period. The corporation has imported 473,069 kilolitres of diesel within nine months of current FY.</p>

<p style="text-align: justify;">Customs Officer Arun &nbsp;Poudel informed that Rs 23.91 billion is spent for importing diesel whereas Rs 8.26 billion (166,758 kiloliters) of petrol has been imported.</p>

<p style="text-align: justify;">In the review year of 2071/2072 BS, where import and export was normal, 370,000 kiloliters of diesel and 132,408 kiloliters of petrol was imported.</p>

<p style="text-align: justify;">The report shows that 111,694 kiloliters of aviation fuel was imported within the nine months of the current FY.</p>

<p style="text-align: justify;">Likewise, 133.844 million kilos of cooking gas was imported during the review period, shows the report. The Birgunj Customs Office has ranked petroleum in second place as regards contribution of revenue collection after the import of automobiles.</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5559',
			'image' => '20170425032710_birgunj.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5773',
			'article_category_id' => '1',
			'title' => 'IRA’s Two Wine Products Launched',
			'sub_title' => '',
			'summary' => 'April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of ‘IRA’ brand made from plum and pear.',
			'content' => '<p style="text-align:justify">April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of &lsquo;IRA&rsquo; brand made from plum and pear.</p>

<p style="text-align:justify">Dr. Toran Sharma, Chairman of the company launched both the products amid a program in Lalitpur on April 24.</p>

<p style="text-align:justify">Speaking at the program, Chairman Dr. Sharma said that farmers of Tistung and Palung villages of Makwanpur district are excited due to the establishment of the company.</p>

<p style="text-align:justify">According to him, the farmers were facing problems despite adequate production of fruits there and they were not getting reasonable price for it and fruits were rotting due to lack of market. &ldquo;We established the wine industry in that area to enhance their lifestyle by consuming the fruits they produce&rdquo;, he added.</p>

<p style="text-align:justify">Similarly, Arjun Pradhan, Managing Director of the company believes that Nepali customers will love the taste of wine made from the organic fruits. He shares, &ldquo;It is not necessary that wine should be made from grapes only. We have set example that wine made from plum and pear can also be tasty.&rdquo;</p>

<p style="text-align:justify">The company said the new products will have 10 percent alcohol and come in bottles of 750 ml at a price of Rs 500. The company informed that it has sent samples of this wine to Hong Kong and Singapore for its export.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5558',
			'image' => '20170425032605_ira.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5772',
			'article_category_id' => '1',
			'title' => 'Int’l Trade Fair and Innovation Expo Concludes',
			'sub_title' => '',
			'summary' => 'April 25: The 13th International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.',
			'content' => '<p style="text-align: justify;">April 25: The 13<sup>th</sup> International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.</p>

<p style="text-align: justify;">According to Shyam Prasad Giri, President of the Federation of Cottage and Small Industries (FNCSI), some 125,000 visitors visited the Expo.</p>

<p style="text-align: justify;">Speaking at the closing ceremony of the Expo, Nabindra Raj Joshi, Chief Guest and Minister of Industry said that the government is ready to support small and cottage industries which are contributing to the economy of the country. &ldquo;For this, traders and entrepreneurs must improve quality of products and expand the market&rdquo;, he added.</p>

<p style="text-align: justify;">President of FNCSI, Giri said the Expo with the slogan &ldquo;Let&rsquo;s use Nepali products, let&rsquo;s be proud of being Nepalis&rdquo; had all types of industrial products manufactured in the country. Similarly, interaction was also held in B2B and B2C levels with innovators and traders in the Expo.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5557',
			'image' => '20170425032510_13th.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5771',
			'article_category_id' => '1',
			'title' => 'Four Companies lined up for Right Issue Approval',
			'sub_title' => '',
			'summary' => 'April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.',
			'content' => '<p style="text-align: justify;">April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.</p>

<p style="text-align: justify;">Prabhu Bank is seeking approval to issue 10:4 right issues. The bank is set to issue 23,525,608 units of right shares to its existing shareholders. NCM Merchant Banking has been appointed as Issue Manager by the bank.</p>

<p style="text-align: justify;">Similarly, Kankai Bikas Bank is issuing 1:2.14 right issues. The bank will issue 3,210,000 units of right shares with a face value of Rs 100 to its existing shareholders. For that matter, it has appointed Siddhartha Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Likewise, Alpine Development Bank is issuing 3:2.08 right shares. The bank is set to issue 1,803,247 units of right shares to its existing shareholders. The bank has appointed NMB Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Moreover, Machapuchchhre Bank is seeking SEBON approval to issue 10:1 right share. The bank will issue 7,918,440 units of right shares to its existing shareholders. NMB Capital Ltd will be managing the issue.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5556',
			'image' => '20170425014649_Capture.JPG',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5770',
			'article_category_id' => '1',
			'title' => 'SEBON Approves Right Issue of Nepal SBI',
			'sub_title' => '',
			'summary' => 'April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue. ',
			'content' => '<p style="text-align: justify;">April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue.&nbsp;</p>
',
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			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5555',
			'image' => '20170425012018_nsbi.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5784',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank’s Right Issue Opens today',
			'sub_title' => '',
			'summary' => 'April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.',
			'content' => '<p style="text-align: justify;">April 27: Garima Bikas Bank has floated its right issue from today. The bank is floating 9,076,296.66 units of right shares at the ratio of 10:7 with a face value of Rs 100 at par to its existing shareholders. The issue will close on May 31.</p>

<p style="text-align: justify;">The shareholders registered in the book by April 11 can apply for the right shares. The bank has appointed Ace Capital Ltd as its issue manager.&nbsp;</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/garima.jpg" style="height:845px; width:600px" /></p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5569',
			'image' => '20170427122037_garima 2.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 1 => array(
		'Article' => array(
			'id' => '5783',
			'article_category_id' => '1',
			'title' => 'Sahayogi Bikas to Issue 10:3.5 Right Issue',
			'sub_title' => '',
			'summary' => 'April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.',
			'content' => '<p style="text-align: justify;">April 27: Sahayogi Bikas Bank is issuing 10:3.5 right shares from May 15. The bank is set to issue 1,001,135 units of right shares with a face value of Rs 100 to its existing shareholders. The issue will close on June18.</p>

<p style="text-align: justify;">The shareholders registered in the registration book of the bank by April 28 can apply for the right shares. The bank has appointed NCM Merchant Banking Ltd as its issue manager. Interested shareholders can apply for the right shares from NCM along with all the branches of Sahayogi Bikas Bank. Presently the bank has paid-up capital of Rs 314.6 million which will increase to Rs 424.7 million after the right share issue.</p>

<p style="text-align: justify;">By the third quarter of the current FY, the bank has been able to earn Rs 92.9 million net profit. The profit is increased by 188 percent compared to the corresponding period of the last FY. Similarly, operating profit and net interest income of the bank has increased by 158 percent and 84 percent respectively in the review period. Likewise, reserve fund of the bank has increased by 158 percent to Rs 233.8 million. By the nine months of the current FY, the bank collected deposit of Rs 2.97 billion and extended loan of Rs 2.88 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5568',
			'image' => '20170427112614_sahayo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5776',
			'article_category_id' => '1',
			'title' => 'CSR Compulsory from Current FY',
			'sub_title' => 'Proposed to be moved ahead as fund',
			'summary' => 'April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it. ',
			'content' => '<p style="text-align:justify">April 27: The implementation of the Corporate Social Responsibility (CSR) provisioned in the Industrial Enterprises Act has faced a dilemma. Though the government is preparing necessary regulations for the implementation of the provision, complications have been seen in materializing it.&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The Act which was approved by the parliament a few months ago has made it compulsory by law. According to this, if any company does not follow the Act, the company will be fined 0.75 percent of their annual transaction amount.</p>

<p style="text-align:justify">Purushottam Nepal, Spokesperson of the Ministry of Industry (MoI) informed that CSR will be made compulsory from the current fiscal year itself. &ldquo;The regulation will not be the condition for the compulsory implementation of CSR,&rdquo; he said. &ldquo;Currently, there is no option other than bringing the proof of certain amount that has been spent in CSR within the allocated time.&rdquo;</p>

<p style="text-align:justify">The Act mentions that one percent of annual profit need to be separated by medium level, large and industries transacting more than Rs 150 million annually.</p>

<p style="text-align:justify">As per this, the companies should spend the allocated amount in specified areas by preparing annual plans and programmes. However, in the condition when the regulation has not been prepared, entrepreneurs are in dilemma in issues such as to how to determine whether or not CSR liabilities have been full-filled, and which areas will be considered as CSR liabilities expenditure areas.</p>

<p style="text-align:justify">Every company needs to submit their total transaction amount and progress report of plans and programmes carried out under CSR within the three months of the end of FY. The preliminary draft of the regulations has been already prepared by MoI and is now under discussion.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align:justify">The ministry had earlier proposed to raise the amount in a fund and to spend in education of the poor children who are deprived of education. But the entrepreneurs have suspected the government of raising it in the fund as a form of taxation.</p>

<p style="text-align:justify">&nbsp;At a time when there are many funds with government remaining unspent, CSR amount should not be operated as a fund, said CNI President Hari Bhakta Sharma.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427103303_csr.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5782',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Declared Best Regional Flight Service',
			'sub_title' => '',
			'summary' => 'April 27: Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.',
			'content' => '<p>April 27:<strong>&nbsp;</strong>Qatar Airways, the national flag carrier of Qatar has been declared as the Best Regional Flight Service.</p>

<p>The company has received the award from the Money Magazine&rsquo;s globally recognized &lsquo;Best in Travel&rsquo;- 2017 from Middle-East and African region.</p>

<p>The magazine has been honoring airlines companies on the basis of cost they charge and quality they provide for the service to its passengers.</p>

<p>The Airways was honored with the award for providing best flight experience, comfort and quality service to its passengers.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5567',
			'image' => '20170427105041_qatar.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5781',
			'article_category_id' => '1',
			'title' => 'Shivam Cement’s ‘No Compromise’ Campaign',
			'sub_title' => '',
			'summary' => 'April 27: Shivam Cement’s ‘No Compromise’ campaign has started in Birgunj. Under this campaign, the company is displaying ‘No Compromise’ placards carried by individuals at main points, hospitals, parks and roads of Birgunj.',
			'content' => '<p style="text-align: justify;">April 27: Shivam Cement&rsquo;s &lsquo;No Compromise&rsquo; campaign has started in Birgunj. Under this campaign, the company is displaying &lsquo;No Compromise&rsquo; placards carried by individuals at main points, hospitals, parks and roads of Birgunj.</p>

<p style="text-align: justify;">According to the company, it has started this campaign to influence daily lifestyle and thoughts in positive ways and make people aware.</p>

<p style="text-align: justify;">The company has placed placards in view of the safety of passengers in bus parks, clock tower and regarding following of street laws in main points of the area.</p>

<p style="text-align: justify;">Similarly, the company has displayed placards in Narayani Hospital and fitness-related placards in Ghadiarba Pond for safe journey, human health and healthy lifestyle of people.</p>

<p style="text-align: justify;">Likewise, the company conveyed messages related to cleanliness and preserving culture and heritages through the medium of displaying placards.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5566',
			'image' => '20170427104938_shivam.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5780',
			'article_category_id' => '1',
			'title' => 'Lenovo K6 Note’s Pre-booking Starts',
			'sub_title' => '',
			'summary' => 'April 27: Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.',
			'content' => '<p style="text-align: justify;">April 27:&nbsp;Lifecom Pvt. Ltd., the authorized distributor of Chinese smartphone Lenovo for Nepal has started pre-booking of Lenovo K6 Note.</p>

<p style="text-align: justify;">According to the company, the initial marked price of the new smartphone is Rs 29,999, but the customers can get it for Rs 28,999 after pre-booking. The customers can do pre-booking through Lenovo&rsquo;s website or by going to the nearby authorized distributor, the company informed.</p>

<p style="text-align: justify;">Issuing a press statement, the company has informed that it has focused on the camera of the new smartphone. The new handset has 16 megapixels back camera and 8 MP front camera, informed the company.</p>

<p style="text-align: justify;">Moreover, the company informed that it has 4 GB RAM, 4,000 mAh battery capacity and Octacore Snapdragon processor.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5565',
			'image' => '20170427104827_lenovo.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5779',
			'article_category_id' => '1',
			'title' => 'Agreement between General Finance and Best Remit',
			'sub_title' => '',
			'summary' => 'April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.',
			'content' => '<p style="text-align: justify;">April 27: General Finance and Best Remit Nepal have entered into an agreement regarding payment of remittance.</p>

<p style="text-align: justify;">Diwakar Poudel, Managing Director of Best Remit and Maheswor Pahari, CEO of General Finance have signed the agreement paper in this regard.</p>

<p style="text-align: justify;">According to the agreement, the customers can receive payments of remittances from all branches of the General Finance coming through Best Remit Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5564',
			'image' => '20170427104735_general.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5778',
			'article_category_id' => '1',
			'title' => 'Chocofun Bags International Award',
			'sub_title' => '',
			'summary' => 'April 27: Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award. ',
			'content' => '<p>April 27:&nbsp;Nepal-based product of Sujal Foods, Chocofun has bagged the globally recognized DLG award.&nbsp;</p>

<p>According to the company, quality of Chocofun is marked with international standard with DLG Silver award. Deutsche Landwirtschafts-Gesellschaft (DLG) is the award provided by Germany.&nbsp;</p>

<p><br />
Issuing a press statement, the company has committed to producing quality products continually in the future for its consumers.&nbsp;<br />
Sujal Foods, the subsidiary company of Laxmi Group has been producing confessionary products for the past four decades.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5563',
			'image' => '20170427104635_chocofun.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5777',
			'article_category_id' => '1',
			'title' => 'Uniglobe College Wins Advertisement Contest',
			'sub_title' => '',
			'summary' => 'April 27: Uniglobe College has won advertisement-making contest entitled ‘War of The Beats’. According to the organizer, ‘Iconics’  the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.',
			'content' => '<p style="text-align: justify;">April 27:<strong>&nbsp;</strong>Uniglobe College has won advertisement-making contest entitled &lsquo;War of The Beats&rsquo;. According to the organizer, &lsquo;Iconics&rsquo; &nbsp;the group of MBA students Astha Dahal, Romi Shrestha, Pramila Nepal, and Shreya Dhital of Uniglobe College won the two-day contest.</p>

<p style="text-align: justify;">The organizer informed that winners of the contest participated in by 10 groups of various MBA colleges, bagged trophy and Rs 55,000 cash prize.</p>

<p style="text-align: justify;">In the contest, the participants presented advertisements by their own illustration, design and research in front of judges. The contest aims to hunt creativity in the sector of digital marketing and advertisements, the organizer informed.</p>
',
			'published' => true,
			'created' => '2017-04-27',
			'modified' => '2017-04-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5562',
			'image' => '20170427104526_uniglobe.jpg',
			'article_date' => '2017-04-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5775',
			'article_category_id' => '1',
			'title' => 'Priority Needed to Production Sector',
			'sub_title' => 'Govt- Business Sector Pre-Budget Discussion ',
			'summary' => 'April 25:  Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.',
			'content' => '<p style="text-align: justify;">April 25: &nbsp;Speakers of a pre- budget discussion for the upcoming budget organized by the government have emphasized on giving priority to the productive sectors in a bid to increase employment and minimize trade deficit in the country.</p>

<p style="text-align: justify;">Representatives from the private sector, entrepreneurs and other stakeholders were also present during the discussion which was organised by the Revenue Advisory Committee of the Ministry of Finance on April 24.</p>

<p style="text-align: justify;">The programme focused on the issue that the contribution of GDP is decreasing from the productive sector of Nepal. Economist Dr Posh Raj Pandey as a representative from the private sector presented a common working paper&nbsp; mentioning &nbsp;that the industrialization, comercialisation of agriculture and infrastructure development should get priority in&nbsp; the upcoming budget and policies of &nbsp;the government.&nbsp;</p>

<p style="text-align: justify;">&quot;Establishing National Industrial Centre for Excellence is necessary to promote industrialisation,&quot; shared Pandey. He also said that the government should focus on inter-governmental cooperation for proper implementation of the budget.</p>

<p style="text-align: justify;">Similarly, during the programme, Haribhakta Sharma, President of the Confederation of Nepalese Industries (CNI), said that the government should promote e-governance to save time in administrative works.</p>

<p style="text-align: justify;">He also stressed that the recently formulated Acts related to economy should be implemented by working out regulations to improve the environment for investment in Nepal.&nbsp; &quot;The increase of transport costs in the Tribhuvan International Airport has affected the import and export. So, the finance minister should address this issue,&quot; said Sharma.</p>

<p style="text-align: justify;">Similarly, President of FNCCI Bhawani Rana said that the new budget, and policies and programmes should be business -friendly and should encourage the production- oriented industries. Rana suggested that the policies should be implemented in such a way that the entrepreneurs don&rsquo;t have to pay extra taxes.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5560',
			'image' => '20170425042055_product.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5774',
			'article_category_id' => '1',
			'title' => 'Rs 47 Billion Spent in Import of Petroleum Products via Birgunj',
			'sub_title' => '',
			'summary' => 'April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.',
			'content' => '<p style="text-align: justify;">April 25: Nepal Oil Corporation (NOC) has imported petroleum products worth Rs 46.76 billion via Birgunj border point only within the nine months of the current fiscal year 2073/74 BS.</p>

<p style="text-align: justify;">According to Sewantak Pokharel, official of the Birgunj Customs Office, the corporation has paid revenue of more than Rs 10.82 billion while importing petroleum products from the Indian Oil Corporation (IOC). The Customs informed that 70 percent of total petroleum products consumed in the country is imported via the Birgunj border point.</p>

<p style="text-align: justify;">According to the Customs Office, the import of petroleum products decreased significantly due to last year&rsquo;s Madhesh movement and border blockade. In the review period of last year, oil and LPG worth Rs 15.53 billion was imported through the Birgunj border. Despite the increment in import of petroleum products, the cost paid for it has decreased compared to FY 2071/72 BS.</p>

<p style="text-align: justify;">During that year, petroleum products of Rs 53.81 billion was imported in Nepal. Pokharel said, &ldquo;It is the result of low price in petroleum products. Though there was increase of import, the cost for it has comparatively decreased than in the past.&rdquo;</p>

<p style="text-align: justify;">The report of Birgunj Customs Office suggests that diesel is imported most in the period. The corporation has imported 473,069 kilolitres of diesel within nine months of current FY.</p>

<p style="text-align: justify;">Customs Officer Arun &nbsp;Poudel informed that Rs 23.91 billion is spent for importing diesel whereas Rs 8.26 billion (166,758 kiloliters) of petrol has been imported.</p>

<p style="text-align: justify;">In the review year of 2071/2072 BS, where import and export was normal, 370,000 kiloliters of diesel and 132,408 kiloliters of petrol was imported.</p>

<p style="text-align: justify;">The report shows that 111,694 kiloliters of aviation fuel was imported within the nine months of the current FY.</p>

<p style="text-align: justify;">Likewise, 133.844 million kilos of cooking gas was imported during the review period, shows the report. The Birgunj Customs Office has ranked petroleum in second place as regards contribution of revenue collection after the import of automobiles.</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5559',
			'image' => '20170425032710_birgunj.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5773',
			'article_category_id' => '1',
			'title' => 'IRA’s Two Wine Products Launched',
			'sub_title' => '',
			'summary' => 'April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of ‘IRA’ brand made from plum and pear.',
			'content' => '<p style="text-align:justify">April 25: The Metrang Vineyard and Winery Pvt. Ltd has launched in the Nepali market two types of wines of &lsquo;IRA&rsquo; brand made from plum and pear.</p>

<p style="text-align:justify">Dr. Toran Sharma, Chairman of the company launched both the products amid a program in Lalitpur on April 24.</p>

<p style="text-align:justify">Speaking at the program, Chairman Dr. Sharma said that farmers of Tistung and Palung villages of Makwanpur district are excited due to the establishment of the company.</p>

<p style="text-align:justify">According to him, the farmers were facing problems despite adequate production of fruits there and they were not getting reasonable price for it and fruits were rotting due to lack of market. &ldquo;We established the wine industry in that area to enhance their lifestyle by consuming the fruits they produce&rdquo;, he added.</p>

<p style="text-align:justify">Similarly, Arjun Pradhan, Managing Director of the company believes that Nepali customers will love the taste of wine made from the organic fruits. He shares, &ldquo;It is not necessary that wine should be made from grapes only. We have set example that wine made from plum and pear can also be tasty.&rdquo;</p>

<p style="text-align:justify">The company said the new products will have 10 percent alcohol and come in bottles of 750 ml at a price of Rs 500. The company informed that it has sent samples of this wine to Hong Kong and Singapore for its export.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5558',
			'image' => '20170425032605_ira.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5772',
			'article_category_id' => '1',
			'title' => 'Int’l Trade Fair and Innovation Expo Concludes',
			'sub_title' => '',
			'summary' => 'April 25: The 13th International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.',
			'content' => '<p style="text-align: justify;">April 25: The 13<sup>th</sup> International Trade Fair and Innovation Expo- 2017 organized at Bhrikutimandap concluded on April 24 doing business of more than Rs 70 million.</p>

<p style="text-align: justify;">According to Shyam Prasad Giri, President of the Federation of Cottage and Small Industries (FNCSI), some 125,000 visitors visited the Expo.</p>

<p style="text-align: justify;">Speaking at the closing ceremony of the Expo, Nabindra Raj Joshi, Chief Guest and Minister of Industry said that the government is ready to support small and cottage industries which are contributing to the economy of the country. &ldquo;For this, traders and entrepreneurs must improve quality of products and expand the market&rdquo;, he added.</p>

<p style="text-align: justify;">President of FNCSI, Giri said the Expo with the slogan &ldquo;Let&rsquo;s use Nepali products, let&rsquo;s be proud of being Nepalis&rdquo; had all types of industrial products manufactured in the country. Similarly, interaction was also held in B2B and B2C levels with innovators and traders in the Expo.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5557',
			'image' => '20170425032510_13th.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5771',
			'article_category_id' => '1',
			'title' => 'Four Companies lined up for Right Issue Approval',
			'sub_title' => '',
			'summary' => 'April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.',
			'content' => '<p style="text-align: justify;">April 25: Four different companies are seeking approvals from Securities Board of Nepal (SEBON) for right issues. The companies that lined up in SEBON for right issue approvals are Prabhu Bank Ltd, Kankai Bikas Bank Ltd, Alpine Development Bank and Machhapuchchhre Bank Ltd.</p>

<p style="text-align: justify;">Prabhu Bank is seeking approval to issue 10:4 right issues. The bank is set to issue 23,525,608 units of right shares to its existing shareholders. NCM Merchant Banking has been appointed as Issue Manager by the bank.</p>

<p style="text-align: justify;">Similarly, Kankai Bikas Bank is issuing 1:2.14 right issues. The bank will issue 3,210,000 units of right shares with a face value of Rs 100 to its existing shareholders. For that matter, it has appointed Siddhartha Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Likewise, Alpine Development Bank is issuing 3:2.08 right shares. The bank is set to issue 1,803,247 units of right shares to its existing shareholders. The bank has appointed NMB Capital Ltd as its Issue Manager.</p>

<p style="text-align: justify;">Moreover, Machapuchchhre Bank is seeking SEBON approval to issue 10:1 right share. The bank will issue 7,918,440 units of right shares to its existing shareholders. NMB Capital Ltd will be managing the issue.&nbsp;</p>
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			'created' => '2017-04-25',
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			'description' => '',
			'sortorder' => '5556',
			'image' => '20170425014649_Capture.JPG',
			'article_date' => '2017-04-25 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5770',
			'article_category_id' => '1',
			'title' => 'SEBON Approves Right Issue of Nepal SBI',
			'sub_title' => '',
			'summary' => 'April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue. ',
			'content' => '<p style="text-align: justify;">April 25: Securities Board of Nepal (SEBON) has approved right share issue of Nepal SBI Bank today. After the approval, NSBI will issue 10:4 right shares to its existing shareholders. The bank is issuing 19,919,423.60 units of right shares with a face value of Rs 100 at par. The bank has appointed NMB Capital Ltd as its issue manager to manage the issue.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-25',
			'modified' => '2017-04-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5555',
			'image' => '20170425012018_nsbi.jpg',
			'article_date' => '2017-04-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
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