Small Hydropower Development Planning for South Asian Countries Kicks Off

Mar 29, 2017 1 1 minutes 16 seconds to read

March 29: An international conference on small hydropower development has kicked off in the capital on March…

Jyoti Bikash to Acquire Rapti Bheri Bikas Bank

Mar 29, 2017 0 40 seconds to read

March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur…

Om Devt’s Branch at Boudha

Mar 29, 2017 0 31 seconds to read

March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female…

"Legal and administrative reform must for attracting FDIs"

Mar 28, 2017 0 2 minutes 44 seconds to read

March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in…

Foreign Investment indispensable for Development: Minister Joshi

Mar 28, 2017 0 1 minutes 43 seconds to read

March 28: Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of…

ADB Forecasts 6.2% GDP for Nepal

Mar 28, 2017 0 1 minutes 1 seconds to read

March 28: The Asian Development Bank (ADB) has projected Nepal’s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017. The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal’s mid-year performance in real, fiscal, monetary and external sectors for…

Chaudhary Group to Further Invest Rs 50 billion in Nepal

Mar 28, 2017 0 1 minutes 26 seconds to read

March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in…

Kyal Group Adopts PLC Technology in Feed Production

Mar 28, 2017 0 37 seconds to read

March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the…

LG Multi V IV AC Launched

Mar 28, 2017 0 1 minutes 18 seconds to read

March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics,…

Ceat Tyres organizes Customer Meet Program

Mar 28, 2017 0 41 seconds to read

March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. “The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,” said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for…

Renault Wow Exchange Carnival

Mar 28, 2017 0 1 minutes 9 seconds to read

March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched ‘Renault Wow Exchange Carnival’ in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled ‘Renault Wow Offer’ with a slogan ‘Aba New Year Jamcha Kinaki Exchangema Dam…

NLIC to Distribute 26.30% Bonus

Mar 28, 2017 0 37 seconds to read

March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus…

ICRA Grade 4+ rating to Prabhu Insurance

Mar 28, 2017 0 1 minutes 9 seconds to read

March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at…

Int’l Conference on Small Hydropower Projects from March 28

Mar 27, 2017 0 1 minutes 29 seconds to read

March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March…

Ncell Slashes Call Charges of 30 Countries

Mar 27, 2017 0 47 seconds to read

March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '5589',
			'article_category_id' => '1',
			'title' => 'Small Hydropower Development Planning for South Asian Countries Kicks Off',
			'sub_title' => '',
			'summary' => 'March 29: An international conference on small hydropower development has kicked off in the capital on March 28.',
			'content' => '<p style="text-align: justify;">March 29: An international conference on small hydropower development has kicked off in the capital on March 28.</p>

<p style="text-align: justify;">The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p style="text-align: justify;">The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; is being participated by all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p style="text-align: justify;">According to NAST, there are 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal.&nbsp;</p>

<p style="text-align: justify;">The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries. In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p style="text-align: justify;">Speaking in the inauguration program, Energy Minister Janardan Sharma said that the seminar is expected to be helpful in producing technical human resources, enhancing their capacity and searching for fresh human resources required for the development of small scale hydropower projects.</p>

<p style="text-align: justify;">Similary, Charge d&rsquo; Affairs of the Chinese Embassy Peng Wei&nbsp; said that the technology and other development achieved by China could motivate other countries to gain such achievements and China was ready to help developing-countries in this regard.</p>
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			'article_category_id' => '1',
			'title' => 'Jyoti Bikash to Acquire Rapti Bheri Bikas Bank',
			'sub_title' => '',
			'summary' => 'March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhand',
			'content' => '<p style="text-align: justify;">March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhandari, Chairman of Rapti Bheri signed the agreement paper amid a program.</p>

<p style="text-align: justify;">Presently, Jyoti Bikash has paid-up capital of Rs 1.10 billion. The bank is in process of issuing 1:1 right shares to its existing shareholders. Similarly, Rapti Bheri Bikas Bank has paid-up capital of Rs 143.7 million. After the acquisition, the paid-up capital of Jyoti Bikash Bank will reach to Rs 2.35 billion. Likewise, deposit and loan extension of the bank will amount to Rs 10 billion and Rs 9 billion respectively.&nbsp;</p>
',
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			'id' => '5587',
			'article_category_id' => '1',
			'title' => 'Om Devt’s Branch at Boudha',
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			'summary' => 'March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepren',
			'content' => '<p>March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepreneurship. The newly established branch is the 31th branch of the bank.</p>

<p>On the occasion, Sushil Kumar Goshali, Chairman of the bank provided information on various facilities and activities of the bank. &ldquo;After merger with Manaslu Bikash Bank, Om will issue 10:3 right shares,&rdquo; said Bishwo Mohan Adhikari, CEO of the bank.&nbsp;</p>
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			'image' => '20170329111530_om devt.jpg',
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			'id' => '5586',
			'article_category_id' => '1',
			'title' => '"Legal and administrative reform must for attracting FDIs"',
			'sub_title' => '',
			'summary' => 'March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.</p>

<p style="text-align: justify;">In a programme organised by the Embassy of India in Nepal titled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; in the capital on March 27, the participants highlighted the need of support in policy and administrative levels in order to attract FDI in the country.</p>

<p style="text-align: justify;">Speaking at the event, Maha Prasad Adhikari, CEO of Investment Board Nepal (IBN), mentioned about the success of the Investment Summit- 2017 held in Kathmandu on March 2- 3.</p>

<p style="text-align: justify;">&quot;It is necessary to address the policy level, legal and procedural challenges in the system as discussed in the summit in order to attract FDIs,&quot; Adhikari shared. &nbsp;He further noted that it is a challenging task to materialize investments as one time investment only is not enough for many mega projects such as metro train and international airports. &quot;Therefore, there should be long term policies for attracting big investments in the country,&quot; he said.</p>

<p style="text-align: justify;">In the programme, Industry Secretary Shankar Prasad Koirala said that the government started reforming the policies prior to the summit with an aim to bring investments in the country.</p>

<p style="text-align: justify;">&quot;Also, the facility of online registration which has been provided by the Department of Industry and the Office of the Company Registrar has also eased the procedures,&quot; Koirala shared. He further said that the Ministry has been preparing to bring one stop service center so that all the registration works can be done at one place.</p>

<p style="text-align: justify;">&quot;Foreign investment inflow would be eased if the government implements one-window policy effectively,&quot; said Abhimanyu Poddar, Managing Director of Surya Nepal.&nbsp;&nbsp; He further expressed the view that there are hassles now for the entrepreneurs and investors to submit the same proposals to different departments, which is quite unnecessary.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/Capture.JPG" style="height:427px; width:841px" /></p>

<p style="text-align: justify;">Similarly, S.C Agrawal, CEO of Arun III Hydropower Project shared that acquisition of land is the main challenge for completing projects in Nepal.</p>

<p style="text-align: justify;">&quot;The roads are not properly constructed and we also have to spend huge amounts in the construction of the roads.&nbsp; Besides that, we also face difficulties in terms of security,&quot; Agrawal said.</p>

<p style="text-align: justify;">Likewise, Anukool Bhatnagar, CEO of Nepal SBI Bank said that many of the possible investments have moved to other countries due to delays in response from the government.&nbsp; &quot;Proper policies and active government work will highly increase the possibility of FDIs in Nepal,&quot; said Bhatnagar.</p>

<div>
<p style="text-align: justify;">Commerce Secretary Naindra Prasad Upadhyay was of the view that it is possible to attract FDIs through international trade facilitation.&nbsp; &quot;As the country is not strong in terms of export, the government is ready to provide grants for the promotion of export,&quot; he further said.</p>

<p style="text-align: justify;">&nbsp;</p>
</div>
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		'Article' => array(
			'id' => '5585',
			'article_category_id' => '1',
			'title' => 'Foreign Investment indispensable for Development: Minister Joshi',
			'sub_title' => '',
			'summary' => 'March 28:  Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.',
			'content' => '<p style="text-align: justify;">March 28:&nbsp; Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.</p>

<p style="text-align: justify;">Minister Joshi made such remarks at a programme entitled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; organised by the Indian Embassy in the capital on March 27.</p>

<p style="text-align: justify;">Stating that there are problems in every country while doing business, Minister Joshi said that Nepal has been focusing on economic development in recent years.</p>

<p style="text-align: justify;">According to him, India is not only a neighboring country of Nepal, but in fact it is an important partner in Nepal&#39;s international trade.</p>

<p style="text-align: justify;">Many Indian companies are generating profit from Nepal, said Minister&nbsp; &nbsp;Joshi, and mentioned that Nepal is working on reforming various laws and policies. He also informed that Industrial Enterprises Act, SEZ (Special Economic Zone) Act and Company Act have already been amended.</p>

<p style="text-align: justify;">&quot;The cabinet has already approved the Intellectual Property Act,&quot; he said and informed that the ministry has been working on draft of the bill to amend the Foreign Investment and Technology Transfer Act (FITTA).</p>

<p style="text-align: justify;">Stating that all the companies operated with foreign investment in Nepal are in profit, he said that the market for products manufactured in Nepal is not only within the country but also in our big neighbours India and China.</p>

<p style="text-align: justify;">&quot;The government is very much conscious in order to ensure fewer challenges for the investors,&quot; Joshi informed. He said that thinking negatively can lead to negative consequences. Joshi argued that the government efforts to create an investment-friendly environment should be taken positively.</p>

<p style="text-align: justify;">Madan Lamsal, Editor in Chief of New Business Age monthly and Aarthik Abhiyan Nepali daily presented a paper in the programme. Lamsal was also the moderator of the panel discussion in the event.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '5584',
			'article_category_id' => '1',
			'title' => 'ADB Forecasts 6.2% GDP for Nepal',
			'sub_title' => '',
			'summary' => 'March 28: The Asian Development Bank (ADB) has projected Nepal’s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.  The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal’s mid-year performance in real, fiscal, monetary and external sectors for 2017.',
			'content' => '<p style="text-align: justify;">March 28: The Asian Development Bank (ADB) has projected Nepal&rsquo;s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.&nbsp; The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal&rsquo;s mid-year performance in real, fiscal, monetary and external sectors for 2017.</p>

<p style="text-align: justify;">According to the update, robust revenue generation but poor capital expenditure of the government has resulted in a fiscal surplus as of the first half of FY2017. Similarly, the widening trade deficit and a slowdown in remittance inflows have resulted in a current account deficit as of mid-year of FY2017.</p>

<p style="text-align: justify;">Moreover, the Issue Focus section reviews key regulatory and operational aspects for businesses in the country, especially foreign investment. As per the bank, Nepal lags behind many peer countries in terms of attracting foreign investment. To turn around the situation, the bank suggested that Nepal should introduce further reforms to address the de facto practices and procedures governing foreign investment and introduce policy reforms to improve the operational environment for domestic and foreign firms.</p>
',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5583',
			'article_category_id' => '1',
			'title' => 'Chaudhary Group to Further Invest Rs 50 billion in Nepal',
			'sub_title' => '',
			'summary' => 'March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.</p>

<p style="text-align: justify;">Speaking at a press conference on March 27, Binod Chaudhary, Chairman of the Chaudhary Group informed that the company will invest in sectors such as hydropower, cement, hotels, real-estate and industrial parks.</p>

<p style="text-align: justify;">According to Nirvana Chaudhary, Managing Director of the company, the company will invest Rs 300 million to enhance production of Wai-Wai noodles inside Chaudhary Industrial Park in Nawalparasi district. He informed that the company will invest Rs 500 million to establish another Wai-Wai plant in Sunsari district of eastern Nepal.</p>

<p style="text-align: justify;">According to Managing Director Nirvana, the company will further invest Rs 250 million for the production of Rio Juice, a soft drink and other products.</p>

<p style="text-align: justify;">He also informed that they will invest an additional Rs one billion in beverage products such as - Nepal Ice.</p>

<p style="text-align: justify;">Likewise, the company shared that it will invest Rs 8.5 billion in cement industry with under construction clinker plant in Palpa district of western Nepal.</p>

<p style="text-align: justify;">Chaudhary Group has already prepared to invest Rs 2.8 billion in Madhyamodi Hydropower project with a capacity of 15.1 megawatts of electricity. Likewise, the company will invest Rs 7.5 billion in Super Madi Hydropower project having a capacity of 44 megawatts.</p>

<p style="text-align: justify;">&nbsp;Chairman and Nepali billionaire Binod Chaudhary, who is listed in the &lsquo;Forbes&rsquo; list of billionaires holds the view that 50 percent of property valued by Forbes should remain in Nepal itself.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '5582',
			'article_category_id' => '1',
			'title' => 'Kyal Group Adopts PLC Technology in Feed Production',
			'sub_title' => '',
			'summary' => 'March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.',
			'content' => '<p>March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.</p>

<p>The group has established poultry feed industry at Birgunj-Pathalaiya corridor with an investment of Rs 120 million. Suresh Kyal, Managing Director of Kyal Group claimed that the industry is maintaining the quality of the produced feeds through modern and standard technology.</p>

<p>Gorkha Feed Industries has brought &lsquo;Anupam&rsquo; branded feed in the Nepali market. As per Kyal, the feed produced from the technology supports quick growth of chickens due to which, demand of the product is increasing in the market. &nbsp;</p>
',
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			'id' => '5581',
			'article_category_id' => '1',
			'title' => 'LG Multi V IV AC Launched',
			'sub_title' => '',
			'summary' => 'March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.',
			'content' => '<p style="text-align: justify;">March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.</p>

<p style="text-align: justify;">&ldquo;Our inverter V air conditioner consumes up to 60 percent less energy than non-inverter models,&rdquo; company in a press statement said. According to the company, LG Multi V IV maximizes energy efficiency in commercial environments with coefficient of performance (COP) of 4.85.&nbsp; Similarly, the product also provides energy solution that uses various eco-friendly heat resources. &ldquo;Multi V geo thermal combines geo thermal energy saving of up to 50 percent compared to conventional heat pumps,&rdquo; mentions the company. &ldquo;Therma V takes advantage of heat in the air to deliver the energy efficiency that is four times greater than with conventional heating.&rdquo; &nbsp;As per statement, the energy efficiency of Therma V also won AHRI Expo Innovation Awards in 2011.&nbsp; According to the company, the integrated energy solutions of LG can lower energy consumption in both residential and commercial buildings by up to 30 percent.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">Likewise, the conclave focused on greener evolution for a better tomorrow promoting LG Multi V HVAC system. The conclave was attended by the corporate delegates and representatives from construction and hospitality sectors.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5366',
			'image' => '20170328122251_lg.jpg',
			'article_date' => '2017-03-28 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5580',
			'article_category_id' => '1',
			'title' => 'Ceat Tyres organizes Customer Meet Program',
			'sub_title' => '',
			'summary' => 'March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. “The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,” said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.',
			'content' => '<p style="text-align: justify;">March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. &ldquo;The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,&rdquo; said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.</p>

<p style="text-align: justify;">Speaking in the program, Rajnish Kumar, Nepal Country Manager of Ceat Tyres said that the product is popular throughout the world. &ldquo;Ceat Tyres that is highly demanded in Nepal is very tough and reliable,&rdquo; he said. He claimed that the tyre has been able to win the customers trust.</p>

<p style="text-align: justify;">The program that was organized in Hotel Snowland at Lakeside Pokhara was participated by more than 100 transport entrepreneurs and customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5365',
			'image' => '20170328120736_ceat.jpg',
			'article_date' => '2017-03-28 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5579',
			'article_category_id' => '1',
			'title' => 'Renault Wow Exchange Carnival',
			'sub_title' => '',
			'summary' => 'March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched ‘Renault Wow Exchange Carnival’ in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled ‘Renault Wow Offer’ with a slogan ‘Aba New Year Jamcha Kinaki Exchangema Dam Cha’.',
			'content' => '<p style="text-align: justify;">March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched &lsquo;Renault Wow Exchange Carnival&rsquo; in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled &lsquo;Renault Wow Offer&rsquo; with a slogan &lsquo;Aba New Year Jamcha Kinaki Exchangema Dam Cha&rsquo;.</p>

<p style="text-align: justify;">According to the company, the exchange offer is available on Renault&rsquo;s Kwid and Duster models. Under the offer, Renault KWID and Duster can be purchase with a minimum monthly installment, informed Advanced Automobiles. The vehicles are available in easy finance and exchange facility with 8.99 percent annual interest rate. &ldquo;KWID and Duster are now available at EMI of Rs 28,200 and Rs 13,357 respectively,&rdquo; reads the statement. Apart from it, cash discount, free servicing for two years, free road tax for a year and five years warranty are other attractions of the scheme.</p>

<p style="text-align: justify;">Similarly, the exchange carnival is being held in Kathmandu from March 24-29, in Bhairahawa and Birtamode from March 26-28, in Butwal and Biratnagar from March 29-31 and in Narayanghat and Pokhara from April 1-3. On-the-spot finance and exchange facilities are available at the carnival, said the company.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-03-28',
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			'description' => '',
			'sortorder' => '5364',
			'image' => '20170328114002_renault.jpg',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5578',
			'article_category_id' => '1',
			'title' => 'NLIC to Distribute 26.30% Bonus',
			'sub_title' => '',
			'summary' => 'March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.',
			'content' => '<p style="text-align: justify;">March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17<sup>th</sup> annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.</p>

<p style="text-align: justify;">According to the company, the paid-up capital of the company will reach to Rs 3.09 billion after the distribution of bonus share. The paid-up capital is the highest among the insurance companies, claimed NLIC. In the AGM, Ramesh Gupta, Chairman of the company presented annual report and other financial reports of the company.&nbsp;</p>
',
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			'created' => '2017-03-28',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5363',
			'image' => '20170328111538_nlic.jpg',
			'article_date' => '2017-03-28 00:00:00',
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		'Article' => array(
			'id' => '5577',
			'article_category_id' => '1',
			'title' => 'ICRA Grade 4+ rating to Prabhu Insurance',
			'sub_title' => '',
			'summary' => 'March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.',
			'content' => '<p>March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.</p>

<p>According to ICRA, institutional promoter support of Employees Provident Fund with 15% shareholding and partnership with Prabhu Group is the positive aspects of the company. Moreover, underwriting performance, backed by higher premium retention of 57% in FY2015-16 and decline in commission expense leading to fair profitability indicators are also positive aspects of the company, mentioned ICRA.</p>

<p>However, the grading is constrained by the company&rsquo;s modest business growth and high reliance on institutional clients for premium earnings, as per ICRA. ICRA highlighted that the impact of April/May 2015 earthquake on the company&rsquo;s claims paying ability, solvency position and profitability was cushioned by adequate catastrophic reinsurance arrangements. However, delayed recovery of claims from reinsurers post-earthquake undermines the level of reinsurance support available with Prabhu Insurance in case of similar catastrophe in future. The grading is also limited by declining yield on investment portfolio which could affect incremental returns and stiff competition from larger players in the Nepalese general insurance industry, said ICRA.&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '5362',
			'image' => '20170328111419_prabhu insurance.jpg',
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		'Article' => array(
			'id' => '5576',
			'article_category_id' => '1',
			'title' => 'Int’l Conference on Small Hydropower Projects from March 28',
			'sub_title' => '',
			'summary' => 'March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.',
			'content' => '<p>March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.</p>

<p>The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p>The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; will observe the participation of all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p>According to NAST, there will be 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal. &nbsp;</p>

<p>The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries.</p>

<p>In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p>&quot;The programme will mainly stress on the issues related to research, technology, technical assistance and investment in the sector,&quot; says Suresh Kumar Dhungel, Chief of Technology Department at NAST.</p>

<p>Among these, the matters which have potentials will be moved forward for agreement. Also, two working papers will be presented from Nepal which will include the report about the status of hydropower development in Nepal and experiences on resolving the problems faced. Other countries will also present their respective working papers during the programme. &nbsp;</p>

<p>China&rsquo;s interest has been increasing in the South Asian countries in recent years. China has been adopting various approaches to make connectivity with SAARC countries through roads, trade and cooperation in various sectors. The conference is regarded as one such link in a series of programmes.</p>
',
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			'created' => '2017-03-27',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5361',
			'image' => '20170327034111_nast.jpg',
			'article_date' => '2017-03-27 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5575',
			'article_category_id' => '1',
			'title' => 'Ncell Slashes Call Charges of 30 Countries',
			'sub_title' => '',
			'summary' => 'March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.',
			'content' => '<p style="text-align: justify;">March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.</p>

<p style="text-align: justify;">According to the company, the customers can use the offer while making calls to India, China, USA, England, Canada, Hongkong, Germany, Singapore, Sweden, New Zealand and others. Currently, the company is charging up to Rs 50 per minute to the customers making calls to the aforementioned countries.</p>

<p style="text-align: justify;">As per the company, the users can participate in the scheme by dialing in *17107#. Similarly, the subscribers can activate the offer by texting A and send to 17107 or dialing 17107 and following the instructions, reads the statement issued by the company.&nbsp;</p>
',
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			'sortorder' => '5360',
			'image' => '20170327014454_ncell.jpg',
			'article_date' => '2017-03-27 00:00:00',
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		'Article' => array(
			'id' => '5589',
			'article_category_id' => '1',
			'title' => 'Small Hydropower Development Planning for South Asian Countries Kicks Off',
			'sub_title' => '',
			'summary' => 'March 29: An international conference on small hydropower development has kicked off in the capital on March 28.',
			'content' => '<p style="text-align: justify;">March 29: An international conference on small hydropower development has kicked off in the capital on March 28.</p>

<p style="text-align: justify;">The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p style="text-align: justify;">The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; is being participated by all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p style="text-align: justify;">According to NAST, there are 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal.&nbsp;</p>

<p style="text-align: justify;">The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries. In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p style="text-align: justify;">Speaking in the inauguration program, Energy Minister Janardan Sharma said that the seminar is expected to be helpful in producing technical human resources, enhancing their capacity and searching for fresh human resources required for the development of small scale hydropower projects.</p>

<p style="text-align: justify;">Similary, Charge d&rsquo; Affairs of the Chinese Embassy Peng Wei&nbsp; said that the technology and other development achieved by China could motivate other countries to gain such achievements and China was ready to help developing-countries in this regard.</p>
',
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			'sortorder' => '5374',
			'image' => '20170329011312_small hydro.jpg',
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			'id' => '5588',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikash to Acquire Rapti Bheri Bikas Bank',
			'sub_title' => '',
			'summary' => 'March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhand',
			'content' => '<p style="text-align: justify;">March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhandari, Chairman of Rapti Bheri signed the agreement paper amid a program.</p>

<p style="text-align: justify;">Presently, Jyoti Bikash has paid-up capital of Rs 1.10 billion. The bank is in process of issuing 1:1 right shares to its existing shareholders. Similarly, Rapti Bheri Bikas Bank has paid-up capital of Rs 143.7 million. After the acquisition, the paid-up capital of Jyoti Bikash Bank will reach to Rs 2.35 billion. Likewise, deposit and loan extension of the bank will amount to Rs 10 billion and Rs 9 billion respectively.&nbsp;</p>
',
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			'created' => '2017-03-29',
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			'keywords' => '',
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			'sortorder' => '5373',
			'image' => '20170329113414_JYOTI BIKASH.jpg',
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		'Article' => array(
			'id' => '5587',
			'article_category_id' => '1',
			'title' => 'Om Devt’s Branch at Boudha',
			'sub_title' => '',
			'summary' => 'March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepren',
			'content' => '<p>March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepreneurship. The newly established branch is the 31th branch of the bank.</p>

<p>On the occasion, Sushil Kumar Goshali, Chairman of the bank provided information on various facilities and activities of the bank. &ldquo;After merger with Manaslu Bikash Bank, Om will issue 10:3 right shares,&rdquo; said Bishwo Mohan Adhikari, CEO of the bank.&nbsp;</p>
',
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			'sortorder' => '5372',
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		'Article' => array(
			'id' => '5586',
			'article_category_id' => '1',
			'title' => '"Legal and administrative reform must for attracting FDIs"',
			'sub_title' => '',
			'summary' => 'March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.</p>

<p style="text-align: justify;">In a programme organised by the Embassy of India in Nepal titled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; in the capital on March 27, the participants highlighted the need of support in policy and administrative levels in order to attract FDI in the country.</p>

<p style="text-align: justify;">Speaking at the event, Maha Prasad Adhikari, CEO of Investment Board Nepal (IBN), mentioned about the success of the Investment Summit- 2017 held in Kathmandu on March 2- 3.</p>

<p style="text-align: justify;">&quot;It is necessary to address the policy level, legal and procedural challenges in the system as discussed in the summit in order to attract FDIs,&quot; Adhikari shared. &nbsp;He further noted that it is a challenging task to materialize investments as one time investment only is not enough for many mega projects such as metro train and international airports. &quot;Therefore, there should be long term policies for attracting big investments in the country,&quot; he said.</p>

<p style="text-align: justify;">In the programme, Industry Secretary Shankar Prasad Koirala said that the government started reforming the policies prior to the summit with an aim to bring investments in the country.</p>

<p style="text-align: justify;">&quot;Also, the facility of online registration which has been provided by the Department of Industry and the Office of the Company Registrar has also eased the procedures,&quot; Koirala shared. He further said that the Ministry has been preparing to bring one stop service center so that all the registration works can be done at one place.</p>

<p style="text-align: justify;">&quot;Foreign investment inflow would be eased if the government implements one-window policy effectively,&quot; said Abhimanyu Poddar, Managing Director of Surya Nepal.&nbsp;&nbsp; He further expressed the view that there are hassles now for the entrepreneurs and investors to submit the same proposals to different departments, which is quite unnecessary.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/Capture.JPG" style="height:427px; width:841px" /></p>

<p style="text-align: justify;">Similarly, S.C Agrawal, CEO of Arun III Hydropower Project shared that acquisition of land is the main challenge for completing projects in Nepal.</p>

<p style="text-align: justify;">&quot;The roads are not properly constructed and we also have to spend huge amounts in the construction of the roads.&nbsp; Besides that, we also face difficulties in terms of security,&quot; Agrawal said.</p>

<p style="text-align: justify;">Likewise, Anukool Bhatnagar, CEO of Nepal SBI Bank said that many of the possible investments have moved to other countries due to delays in response from the government.&nbsp; &quot;Proper policies and active government work will highly increase the possibility of FDIs in Nepal,&quot; said Bhatnagar.</p>

<div>
<p style="text-align: justify;">Commerce Secretary Naindra Prasad Upadhyay was of the view that it is possible to attract FDIs through international trade facilitation.&nbsp; &quot;As the country is not strong in terms of export, the government is ready to provide grants for the promotion of export,&quot; he further said.</p>

<p style="text-align: justify;">&nbsp;</p>
</div>
',
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			'keywords' => '',
			'description' => '',
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			'image' => '20170328060124_fdi.jpg',
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	(int) 4 => array(
		'Article' => array(
			'id' => '5585',
			'article_category_id' => '1',
			'title' => 'Foreign Investment indispensable for Development: Minister Joshi',
			'sub_title' => '',
			'summary' => 'March 28:  Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.',
			'content' => '<p style="text-align: justify;">March 28:&nbsp; Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.</p>

<p style="text-align: justify;">Minister Joshi made such remarks at a programme entitled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; organised by the Indian Embassy in the capital on March 27.</p>

<p style="text-align: justify;">Stating that there are problems in every country while doing business, Minister Joshi said that Nepal has been focusing on economic development in recent years.</p>

<p style="text-align: justify;">According to him, India is not only a neighboring country of Nepal, but in fact it is an important partner in Nepal&#39;s international trade.</p>

<p style="text-align: justify;">Many Indian companies are generating profit from Nepal, said Minister&nbsp; &nbsp;Joshi, and mentioned that Nepal is working on reforming various laws and policies. He also informed that Industrial Enterprises Act, SEZ (Special Economic Zone) Act and Company Act have already been amended.</p>

<p style="text-align: justify;">&quot;The cabinet has already approved the Intellectual Property Act,&quot; he said and informed that the ministry has been working on draft of the bill to amend the Foreign Investment and Technology Transfer Act (FITTA).</p>

<p style="text-align: justify;">Stating that all the companies operated with foreign investment in Nepal are in profit, he said that the market for products manufactured in Nepal is not only within the country but also in our big neighbours India and China.</p>

<p style="text-align: justify;">&quot;The government is very much conscious in order to ensure fewer challenges for the investors,&quot; Joshi informed. He said that thinking negatively can lead to negative consequences. Joshi argued that the government efforts to create an investment-friendly environment should be taken positively.</p>

<p style="text-align: justify;">Madan Lamsal, Editor in Chief of New Business Age monthly and Aarthik Abhiyan Nepali daily presented a paper in the programme. Lamsal was also the moderator of the panel discussion in the event.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5370',
			'image' => '20170328054628_nabin.jpg',
			'article_date' => '2017-03-28 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '5584',
			'article_category_id' => '1',
			'title' => 'ADB Forecasts 6.2% GDP for Nepal',
			'sub_title' => '',
			'summary' => 'March 28: The Asian Development Bank (ADB) has projected Nepal’s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.  The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal’s mid-year performance in real, fiscal, monetary and external sectors for 2017.',
			'content' => '<p style="text-align: justify;">March 28: The Asian Development Bank (ADB) has projected Nepal&rsquo;s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.&nbsp; The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal&rsquo;s mid-year performance in real, fiscal, monetary and external sectors for 2017.</p>

<p style="text-align: justify;">According to the update, robust revenue generation but poor capital expenditure of the government has resulted in a fiscal surplus as of the first half of FY2017. Similarly, the widening trade deficit and a slowdown in remittance inflows have resulted in a current account deficit as of mid-year of FY2017.</p>

<p style="text-align: justify;">Moreover, the Issue Focus section reviews key regulatory and operational aspects for businesses in the country, especially foreign investment. As per the bank, Nepal lags behind many peer countries in terms of attracting foreign investment. To turn around the situation, the bank suggested that Nepal should introduce further reforms to address the de facto practices and procedures governing foreign investment and introduce policy reforms to improve the operational environment for domestic and foreign firms.</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5369',
			'image' => '20170328054032_adb.jpg',
			'article_date' => '2017-03-28 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' => '5583',
			'article_category_id' => '1',
			'title' => 'Chaudhary Group to Further Invest Rs 50 billion in Nepal',
			'sub_title' => '',
			'summary' => 'March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.</p>

<p style="text-align: justify;">Speaking at a press conference on March 27, Binod Chaudhary, Chairman of the Chaudhary Group informed that the company will invest in sectors such as hydropower, cement, hotels, real-estate and industrial parks.</p>

<p style="text-align: justify;">According to Nirvana Chaudhary, Managing Director of the company, the company will invest Rs 300 million to enhance production of Wai-Wai noodles inside Chaudhary Industrial Park in Nawalparasi district. He informed that the company will invest Rs 500 million to establish another Wai-Wai plant in Sunsari district of eastern Nepal.</p>

<p style="text-align: justify;">According to Managing Director Nirvana, the company will further invest Rs 250 million for the production of Rio Juice, a soft drink and other products.</p>

<p style="text-align: justify;">He also informed that they will invest an additional Rs one billion in beverage products such as - Nepal Ice.</p>

<p style="text-align: justify;">Likewise, the company shared that it will invest Rs 8.5 billion in cement industry with under construction clinker plant in Palpa district of western Nepal.</p>

<p style="text-align: justify;">Chaudhary Group has already prepared to invest Rs 2.8 billion in Madhyamodi Hydropower project with a capacity of 15.1 megawatts of electricity. Likewise, the company will invest Rs 7.5 billion in Super Madi Hydropower project having a capacity of 44 megawatts.</p>

<p style="text-align: justify;">&nbsp;Chairman and Nepali billionaire Binod Chaudhary, who is listed in the &lsquo;Forbes&rsquo; list of billionaires holds the view that 50 percent of property valued by Forbes should remain in Nepal itself.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5368',
			'image' => '20170328044751_cg.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5582',
			'article_category_id' => '1',
			'title' => 'Kyal Group Adopts PLC Technology in Feed Production',
			'sub_title' => '',
			'summary' => 'March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.',
			'content' => '<p>March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.</p>

<p>The group has established poultry feed industry at Birgunj-Pathalaiya corridor with an investment of Rs 120 million. Suresh Kyal, Managing Director of Kyal Group claimed that the industry is maintaining the quality of the produced feeds through modern and standard technology.</p>

<p>Gorkha Feed Industries has brought &lsquo;Anupam&rsquo; branded feed in the Nepali market. As per Kyal, the feed produced from the technology supports quick growth of chickens due to which, demand of the product is increasing in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5367',
			'image' => '20170328035056_kyal.jpg',
			'article_date' => '2017-03-28 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' => '5581',
			'article_category_id' => '1',
			'title' => 'LG Multi V IV AC Launched',
			'sub_title' => '',
			'summary' => 'March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.',
			'content' => '<p style="text-align: justify;">March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.</p>

<p style="text-align: justify;">&ldquo;Our inverter V air conditioner consumes up to 60 percent less energy than non-inverter models,&rdquo; company in a press statement said. According to the company, LG Multi V IV maximizes energy efficiency in commercial environments with coefficient of performance (COP) of 4.85.&nbsp; Similarly, the product also provides energy solution that uses various eco-friendly heat resources. &ldquo;Multi V geo thermal combines geo thermal energy saving of up to 50 percent compared to conventional heat pumps,&rdquo; mentions the company. &ldquo;Therma V takes advantage of heat in the air to deliver the energy efficiency that is four times greater than with conventional heating.&rdquo; &nbsp;As per statement, the energy efficiency of Therma V also won AHRI Expo Innovation Awards in 2011.&nbsp; According to the company, the integrated energy solutions of LG can lower energy consumption in both residential and commercial buildings by up to 30 percent.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">Likewise, the conclave focused on greener evolution for a better tomorrow promoting LG Multi V HVAC system. The conclave was attended by the corporate delegates and representatives from construction and hospitality sectors.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5366',
			'image' => '20170328122251_lg.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5580',
			'article_category_id' => '1',
			'title' => 'Ceat Tyres organizes Customer Meet Program',
			'sub_title' => '',
			'summary' => 'March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. “The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,” said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.',
			'content' => '<p style="text-align: justify;">March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. &ldquo;The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,&rdquo; said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.</p>

<p style="text-align: justify;">Speaking in the program, Rajnish Kumar, Nepal Country Manager of Ceat Tyres said that the product is popular throughout the world. &ldquo;Ceat Tyres that is highly demanded in Nepal is very tough and reliable,&rdquo; he said. He claimed that the tyre has been able to win the customers trust.</p>

<p style="text-align: justify;">The program that was organized in Hotel Snowland at Lakeside Pokhara was participated by more than 100 transport entrepreneurs and customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5365',
			'image' => '20170328120736_ceat.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5579',
			'article_category_id' => '1',
			'title' => 'Renault Wow Exchange Carnival',
			'sub_title' => '',
			'summary' => 'March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched ‘Renault Wow Exchange Carnival’ in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled ‘Renault Wow Offer’ with a slogan ‘Aba New Year Jamcha Kinaki Exchangema Dam Cha’.',
			'content' => '<p style="text-align: justify;">March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched &lsquo;Renault Wow Exchange Carnival&rsquo; in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled &lsquo;Renault Wow Offer&rsquo; with a slogan &lsquo;Aba New Year Jamcha Kinaki Exchangema Dam Cha&rsquo;.</p>

<p style="text-align: justify;">According to the company, the exchange offer is available on Renault&rsquo;s Kwid and Duster models. Under the offer, Renault KWID and Duster can be purchase with a minimum monthly installment, informed Advanced Automobiles. The vehicles are available in easy finance and exchange facility with 8.99 percent annual interest rate. &ldquo;KWID and Duster are now available at EMI of Rs 28,200 and Rs 13,357 respectively,&rdquo; reads the statement. Apart from it, cash discount, free servicing for two years, free road tax for a year and five years warranty are other attractions of the scheme.</p>

<p style="text-align: justify;">Similarly, the exchange carnival is being held in Kathmandu from March 24-29, in Bhairahawa and Birtamode from March 26-28, in Butwal and Biratnagar from March 29-31 and in Narayanghat and Pokhara from April 1-3. On-the-spot finance and exchange facilities are available at the carnival, said the company.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5364',
			'image' => '20170328114002_renault.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5578',
			'article_category_id' => '1',
			'title' => 'NLIC to Distribute 26.30% Bonus',
			'sub_title' => '',
			'summary' => 'March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.',
			'content' => '<p style="text-align: justify;">March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17<sup>th</sup> annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.</p>

<p style="text-align: justify;">According to the company, the paid-up capital of the company will reach to Rs 3.09 billion after the distribution of bonus share. The paid-up capital is the highest among the insurance companies, claimed NLIC. In the AGM, Ramesh Gupta, Chairman of the company presented annual report and other financial reports of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5363',
			'image' => '20170328111538_nlic.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5577',
			'article_category_id' => '1',
			'title' => 'ICRA Grade 4+ rating to Prabhu Insurance',
			'sub_title' => '',
			'summary' => 'March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.',
			'content' => '<p>March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.</p>

<p>According to ICRA, institutional promoter support of Employees Provident Fund with 15% shareholding and partnership with Prabhu Group is the positive aspects of the company. Moreover, underwriting performance, backed by higher premium retention of 57% in FY2015-16 and decline in commission expense leading to fair profitability indicators are also positive aspects of the company, mentioned ICRA.</p>

<p>However, the grading is constrained by the company&rsquo;s modest business growth and high reliance on institutional clients for premium earnings, as per ICRA. ICRA highlighted that the impact of April/May 2015 earthquake on the company&rsquo;s claims paying ability, solvency position and profitability was cushioned by adequate catastrophic reinsurance arrangements. However, delayed recovery of claims from reinsurers post-earthquake undermines the level of reinsurance support available with Prabhu Insurance in case of similar catastrophe in future. The grading is also limited by declining yield on investment portfolio which could affect incremental returns and stiff competition from larger players in the Nepalese general insurance industry, said ICRA.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5362',
			'image' => '20170328111419_prabhu insurance.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5576',
			'article_category_id' => '1',
			'title' => 'Int’l Conference on Small Hydropower Projects from March 28',
			'sub_title' => '',
			'summary' => 'March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.',
			'content' => '<p>March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.</p>

<p>The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p>The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; will observe the participation of all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p>According to NAST, there will be 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal. &nbsp;</p>

<p>The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries.</p>

<p>In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p>&quot;The programme will mainly stress on the issues related to research, technology, technical assistance and investment in the sector,&quot; says Suresh Kumar Dhungel, Chief of Technology Department at NAST.</p>

<p>Among these, the matters which have potentials will be moved forward for agreement. Also, two working papers will be presented from Nepal which will include the report about the status of hydropower development in Nepal and experiences on resolving the problems faced. Other countries will also present their respective working papers during the programme. &nbsp;</p>

<p>China&rsquo;s interest has been increasing in the South Asian countries in recent years. China has been adopting various approaches to make connectivity with SAARC countries through roads, trade and cooperation in various sectors. The conference is regarded as one such link in a series of programmes.</p>
',
			'published' => true,
			'created' => '2017-03-27',
			'modified' => '2017-03-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5361',
			'image' => '20170327034111_nast.jpg',
			'article_date' => '2017-03-27 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5575',
			'article_category_id' => '1',
			'title' => 'Ncell Slashes Call Charges of 30 Countries',
			'sub_title' => '',
			'summary' => 'March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.',
			'content' => '<p style="text-align: justify;">March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.</p>

<p style="text-align: justify;">According to the company, the customers can use the offer while making calls to India, China, USA, England, Canada, Hongkong, Germany, Singapore, Sweden, New Zealand and others. Currently, the company is charging up to Rs 50 per minute to the customers making calls to the aforementioned countries.</p>

<p style="text-align: justify;">As per the company, the users can participate in the scheme by dialing in *17107#. Similarly, the subscribers can activate the offer by texting A and send to 17107 or dialing 17107 and following the instructions, reads the statement issued by the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-27',
			'modified' => '2017-03-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5360',
			'image' => '20170327014454_ncell.jpg',
			'article_date' => '2017-03-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	)
)
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simplexml_load_file - [internal], line ??
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
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			'id' => '5589',
			'article_category_id' => '1',
			'title' => 'Small Hydropower Development Planning for South Asian Countries Kicks Off',
			'sub_title' => '',
			'summary' => 'March 29: An international conference on small hydropower development has kicked off in the capital on March 28.',
			'content' => '<p style="text-align: justify;">March 29: An international conference on small hydropower development has kicked off in the capital on March 28.</p>

<p style="text-align: justify;">The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p style="text-align: justify;">The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; is being participated by all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p style="text-align: justify;">According to NAST, there are 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal.&nbsp;</p>

<p style="text-align: justify;">The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries. In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p style="text-align: justify;">Speaking in the inauguration program, Energy Minister Janardan Sharma said that the seminar is expected to be helpful in producing technical human resources, enhancing their capacity and searching for fresh human resources required for the development of small scale hydropower projects.</p>

<p style="text-align: justify;">Similary, Charge d&rsquo; Affairs of the Chinese Embassy Peng Wei&nbsp; said that the technology and other development achieved by China could motivate other countries to gain such achievements and China was ready to help developing-countries in this regard.</p>
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			'article_category_id' => '1',
			'title' => 'Jyoti Bikash to Acquire Rapti Bheri Bikas Bank',
			'sub_title' => '',
			'summary' => 'March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhand',
			'content' => '<p style="text-align: justify;">March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhandari, Chairman of Rapti Bheri signed the agreement paper amid a program.</p>

<p style="text-align: justify;">Presently, Jyoti Bikash has paid-up capital of Rs 1.10 billion. The bank is in process of issuing 1:1 right shares to its existing shareholders. Similarly, Rapti Bheri Bikas Bank has paid-up capital of Rs 143.7 million. After the acquisition, the paid-up capital of Jyoti Bikash Bank will reach to Rs 2.35 billion. Likewise, deposit and loan extension of the bank will amount to Rs 10 billion and Rs 9 billion respectively.&nbsp;</p>
',
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			'sortorder' => '5373',
			'image' => '20170329113414_JYOTI BIKASH.jpg',
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			'id' => '5587',
			'article_category_id' => '1',
			'title' => 'Om Devt’s Branch at Boudha',
			'sub_title' => '',
			'summary' => 'March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepren',
			'content' => '<p>March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepreneurship. The newly established branch is the 31th branch of the bank.</p>

<p>On the occasion, Sushil Kumar Goshali, Chairman of the bank provided information on various facilities and activities of the bank. &ldquo;After merger with Manaslu Bikash Bank, Om will issue 10:3 right shares,&rdquo; said Bishwo Mohan Adhikari, CEO of the bank.&nbsp;</p>
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			'sortorder' => '5372',
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		'Article' => array(
			'id' => '5586',
			'article_category_id' => '1',
			'title' => '"Legal and administrative reform must for attracting FDIs"',
			'sub_title' => '',
			'summary' => 'March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.</p>

<p style="text-align: justify;">In a programme organised by the Embassy of India in Nepal titled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; in the capital on March 27, the participants highlighted the need of support in policy and administrative levels in order to attract FDI in the country.</p>

<p style="text-align: justify;">Speaking at the event, Maha Prasad Adhikari, CEO of Investment Board Nepal (IBN), mentioned about the success of the Investment Summit- 2017 held in Kathmandu on March 2- 3.</p>

<p style="text-align: justify;">&quot;It is necessary to address the policy level, legal and procedural challenges in the system as discussed in the summit in order to attract FDIs,&quot; Adhikari shared. &nbsp;He further noted that it is a challenging task to materialize investments as one time investment only is not enough for many mega projects such as metro train and international airports. &quot;Therefore, there should be long term policies for attracting big investments in the country,&quot; he said.</p>

<p style="text-align: justify;">In the programme, Industry Secretary Shankar Prasad Koirala said that the government started reforming the policies prior to the summit with an aim to bring investments in the country.</p>

<p style="text-align: justify;">&quot;Also, the facility of online registration which has been provided by the Department of Industry and the Office of the Company Registrar has also eased the procedures,&quot; Koirala shared. He further said that the Ministry has been preparing to bring one stop service center so that all the registration works can be done at one place.</p>

<p style="text-align: justify;">&quot;Foreign investment inflow would be eased if the government implements one-window policy effectively,&quot; said Abhimanyu Poddar, Managing Director of Surya Nepal.&nbsp;&nbsp; He further expressed the view that there are hassles now for the entrepreneurs and investors to submit the same proposals to different departments, which is quite unnecessary.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/Capture.JPG" style="height:427px; width:841px" /></p>

<p style="text-align: justify;">Similarly, S.C Agrawal, CEO of Arun III Hydropower Project shared that acquisition of land is the main challenge for completing projects in Nepal.</p>

<p style="text-align: justify;">&quot;The roads are not properly constructed and we also have to spend huge amounts in the construction of the roads.&nbsp; Besides that, we also face difficulties in terms of security,&quot; Agrawal said.</p>

<p style="text-align: justify;">Likewise, Anukool Bhatnagar, CEO of Nepal SBI Bank said that many of the possible investments have moved to other countries due to delays in response from the government.&nbsp; &quot;Proper policies and active government work will highly increase the possibility of FDIs in Nepal,&quot; said Bhatnagar.</p>

<div>
<p style="text-align: justify;">Commerce Secretary Naindra Prasad Upadhyay was of the view that it is possible to attract FDIs through international trade facilitation.&nbsp; &quot;As the country is not strong in terms of export, the government is ready to provide grants for the promotion of export,&quot; he further said.</p>

<p style="text-align: justify;">&nbsp;</p>
</div>
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			'sortorder' => '5371',
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		'Article' => array(
			'id' => '5585',
			'article_category_id' => '1',
			'title' => 'Foreign Investment indispensable for Development: Minister Joshi',
			'sub_title' => '',
			'summary' => 'March 28:  Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.',
			'content' => '<p style="text-align: justify;">March 28:&nbsp; Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.</p>

<p style="text-align: justify;">Minister Joshi made such remarks at a programme entitled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; organised by the Indian Embassy in the capital on March 27.</p>

<p style="text-align: justify;">Stating that there are problems in every country while doing business, Minister Joshi said that Nepal has been focusing on economic development in recent years.</p>

<p style="text-align: justify;">According to him, India is not only a neighboring country of Nepal, but in fact it is an important partner in Nepal&#39;s international trade.</p>

<p style="text-align: justify;">Many Indian companies are generating profit from Nepal, said Minister&nbsp; &nbsp;Joshi, and mentioned that Nepal is working on reforming various laws and policies. He also informed that Industrial Enterprises Act, SEZ (Special Economic Zone) Act and Company Act have already been amended.</p>

<p style="text-align: justify;">&quot;The cabinet has already approved the Intellectual Property Act,&quot; he said and informed that the ministry has been working on draft of the bill to amend the Foreign Investment and Technology Transfer Act (FITTA).</p>

<p style="text-align: justify;">Stating that all the companies operated with foreign investment in Nepal are in profit, he said that the market for products manufactured in Nepal is not only within the country but also in our big neighbours India and China.</p>

<p style="text-align: justify;">&quot;The government is very much conscious in order to ensure fewer challenges for the investors,&quot; Joshi informed. He said that thinking negatively can lead to negative consequences. Joshi argued that the government efforts to create an investment-friendly environment should be taken positively.</p>

<p style="text-align: justify;">Madan Lamsal, Editor in Chief of New Business Age monthly and Aarthik Abhiyan Nepali daily presented a paper in the programme. Lamsal was also the moderator of the panel discussion in the event.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5370',
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		'Article' => array(
			'id' => '5584',
			'article_category_id' => '1',
			'title' => 'ADB Forecasts 6.2% GDP for Nepal',
			'sub_title' => '',
			'summary' => 'March 28: The Asian Development Bank (ADB) has projected Nepal’s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.  The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal’s mid-year performance in real, fiscal, monetary and external sectors for 2017.',
			'content' => '<p style="text-align: justify;">March 28: The Asian Development Bank (ADB) has projected Nepal&rsquo;s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.&nbsp; The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal&rsquo;s mid-year performance in real, fiscal, monetary and external sectors for 2017.</p>

<p style="text-align: justify;">According to the update, robust revenue generation but poor capital expenditure of the government has resulted in a fiscal surplus as of the first half of FY2017. Similarly, the widening trade deficit and a slowdown in remittance inflows have resulted in a current account deficit as of mid-year of FY2017.</p>

<p style="text-align: justify;">Moreover, the Issue Focus section reviews key regulatory and operational aspects for businesses in the country, especially foreign investment. As per the bank, Nepal lags behind many peer countries in terms of attracting foreign investment. To turn around the situation, the bank suggested that Nepal should introduce further reforms to address the de facto practices and procedures governing foreign investment and introduce policy reforms to improve the operational environment for domestic and foreign firms.</p>
',
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			'sortorder' => '5369',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5583',
			'article_category_id' => '1',
			'title' => 'Chaudhary Group to Further Invest Rs 50 billion in Nepal',
			'sub_title' => '',
			'summary' => 'March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.</p>

<p style="text-align: justify;">Speaking at a press conference on March 27, Binod Chaudhary, Chairman of the Chaudhary Group informed that the company will invest in sectors such as hydropower, cement, hotels, real-estate and industrial parks.</p>

<p style="text-align: justify;">According to Nirvana Chaudhary, Managing Director of the company, the company will invest Rs 300 million to enhance production of Wai-Wai noodles inside Chaudhary Industrial Park in Nawalparasi district. He informed that the company will invest Rs 500 million to establish another Wai-Wai plant in Sunsari district of eastern Nepal.</p>

<p style="text-align: justify;">According to Managing Director Nirvana, the company will further invest Rs 250 million for the production of Rio Juice, a soft drink and other products.</p>

<p style="text-align: justify;">He also informed that they will invest an additional Rs one billion in beverage products such as - Nepal Ice.</p>

<p style="text-align: justify;">Likewise, the company shared that it will invest Rs 8.5 billion in cement industry with under construction clinker plant in Palpa district of western Nepal.</p>

<p style="text-align: justify;">Chaudhary Group has already prepared to invest Rs 2.8 billion in Madhyamodi Hydropower project with a capacity of 15.1 megawatts of electricity. Likewise, the company will invest Rs 7.5 billion in Super Madi Hydropower project having a capacity of 44 megawatts.</p>

<p style="text-align: justify;">&nbsp;Chairman and Nepali billionaire Binod Chaudhary, who is listed in the &lsquo;Forbes&rsquo; list of billionaires holds the view that 50 percent of property valued by Forbes should remain in Nepal itself.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5368',
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		'Article' => array(
			'id' => '5582',
			'article_category_id' => '1',
			'title' => 'Kyal Group Adopts PLC Technology in Feed Production',
			'sub_title' => '',
			'summary' => 'March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.',
			'content' => '<p>March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.</p>

<p>The group has established poultry feed industry at Birgunj-Pathalaiya corridor with an investment of Rs 120 million. Suresh Kyal, Managing Director of Kyal Group claimed that the industry is maintaining the quality of the produced feeds through modern and standard technology.</p>

<p>Gorkha Feed Industries has brought &lsquo;Anupam&rsquo; branded feed in the Nepali market. As per Kyal, the feed produced from the technology supports quick growth of chickens due to which, demand of the product is increasing in the market. &nbsp;</p>
',
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			'sortorder' => '5367',
			'image' => '20170328035056_kyal.jpg',
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		'Article' => array(
			'id' => '5581',
			'article_category_id' => '1',
			'title' => 'LG Multi V IV AC Launched',
			'sub_title' => '',
			'summary' => 'March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.',
			'content' => '<p style="text-align: justify;">March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.</p>

<p style="text-align: justify;">&ldquo;Our inverter V air conditioner consumes up to 60 percent less energy than non-inverter models,&rdquo; company in a press statement said. According to the company, LG Multi V IV maximizes energy efficiency in commercial environments with coefficient of performance (COP) of 4.85.&nbsp; Similarly, the product also provides energy solution that uses various eco-friendly heat resources. &ldquo;Multi V geo thermal combines geo thermal energy saving of up to 50 percent compared to conventional heat pumps,&rdquo; mentions the company. &ldquo;Therma V takes advantage of heat in the air to deliver the energy efficiency that is four times greater than with conventional heating.&rdquo; &nbsp;As per statement, the energy efficiency of Therma V also won AHRI Expo Innovation Awards in 2011.&nbsp; According to the company, the integrated energy solutions of LG can lower energy consumption in both residential and commercial buildings by up to 30 percent.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">Likewise, the conclave focused on greener evolution for a better tomorrow promoting LG Multi V HVAC system. The conclave was attended by the corporate delegates and representatives from construction and hospitality sectors.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5366',
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		'Article' => array(
			'id' => '5580',
			'article_category_id' => '1',
			'title' => 'Ceat Tyres organizes Customer Meet Program',
			'sub_title' => '',
			'summary' => 'March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. “The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,” said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.',
			'content' => '<p style="text-align: justify;">March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. &ldquo;The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,&rdquo; said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.</p>

<p style="text-align: justify;">Speaking in the program, Rajnish Kumar, Nepal Country Manager of Ceat Tyres said that the product is popular throughout the world. &ldquo;Ceat Tyres that is highly demanded in Nepal is very tough and reliable,&rdquo; he said. He claimed that the tyre has been able to win the customers trust.</p>

<p style="text-align: justify;">The program that was organized in Hotel Snowland at Lakeside Pokhara was participated by more than 100 transport entrepreneurs and customers.&nbsp;</p>
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			'id' => '5579',
			'article_category_id' => '1',
			'title' => 'Renault Wow Exchange Carnival',
			'sub_title' => '',
			'summary' => 'March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched ‘Renault Wow Exchange Carnival’ in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled ‘Renault Wow Offer’ with a slogan ‘Aba New Year Jamcha Kinaki Exchangema Dam Cha’.',
			'content' => '<p style="text-align: justify;">March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched &lsquo;Renault Wow Exchange Carnival&rsquo; in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled &lsquo;Renault Wow Offer&rsquo; with a slogan &lsquo;Aba New Year Jamcha Kinaki Exchangema Dam Cha&rsquo;.</p>

<p style="text-align: justify;">According to the company, the exchange offer is available on Renault&rsquo;s Kwid and Duster models. Under the offer, Renault KWID and Duster can be purchase with a minimum monthly installment, informed Advanced Automobiles. The vehicles are available in easy finance and exchange facility with 8.99 percent annual interest rate. &ldquo;KWID and Duster are now available at EMI of Rs 28,200 and Rs 13,357 respectively,&rdquo; reads the statement. Apart from it, cash discount, free servicing for two years, free road tax for a year and five years warranty are other attractions of the scheme.</p>

<p style="text-align: justify;">Similarly, the exchange carnival is being held in Kathmandu from March 24-29, in Bhairahawa and Birtamode from March 26-28, in Butwal and Biratnagar from March 29-31 and in Narayanghat and Pokhara from April 1-3. On-the-spot finance and exchange facilities are available at the carnival, said the company.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5364',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5578',
			'article_category_id' => '1',
			'title' => 'NLIC to Distribute 26.30% Bonus',
			'sub_title' => '',
			'summary' => 'March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.',
			'content' => '<p style="text-align: justify;">March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17<sup>th</sup> annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.</p>

<p style="text-align: justify;">According to the company, the paid-up capital of the company will reach to Rs 3.09 billion after the distribution of bonus share. The paid-up capital is the highest among the insurance companies, claimed NLIC. In the AGM, Ramesh Gupta, Chairman of the company presented annual report and other financial reports of the company.&nbsp;</p>
',
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			'created' => '2017-03-28',
			'modified' => '2017-03-28',
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			'description' => '',
			'sortorder' => '5363',
			'image' => '20170328111538_nlic.jpg',
			'article_date' => '2017-03-28 00:00:00',
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		'Article' => array(
			'id' => '5577',
			'article_category_id' => '1',
			'title' => 'ICRA Grade 4+ rating to Prabhu Insurance',
			'sub_title' => '',
			'summary' => 'March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.',
			'content' => '<p>March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.</p>

<p>According to ICRA, institutional promoter support of Employees Provident Fund with 15% shareholding and partnership with Prabhu Group is the positive aspects of the company. Moreover, underwriting performance, backed by higher premium retention of 57% in FY2015-16 and decline in commission expense leading to fair profitability indicators are also positive aspects of the company, mentioned ICRA.</p>

<p>However, the grading is constrained by the company&rsquo;s modest business growth and high reliance on institutional clients for premium earnings, as per ICRA. ICRA highlighted that the impact of April/May 2015 earthquake on the company&rsquo;s claims paying ability, solvency position and profitability was cushioned by adequate catastrophic reinsurance arrangements. However, delayed recovery of claims from reinsurers post-earthquake undermines the level of reinsurance support available with Prabhu Insurance in case of similar catastrophe in future. The grading is also limited by declining yield on investment portfolio which could affect incremental returns and stiff competition from larger players in the Nepalese general insurance industry, said ICRA.&nbsp;</p>
',
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			'sortorder' => '5362',
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		'Article' => array(
			'id' => '5576',
			'article_category_id' => '1',
			'title' => 'Int’l Conference on Small Hydropower Projects from March 28',
			'sub_title' => '',
			'summary' => 'March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.',
			'content' => '<p>March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.</p>

<p>The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p>The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; will observe the participation of all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p>According to NAST, there will be 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal. &nbsp;</p>

<p>The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries.</p>

<p>In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p>&quot;The programme will mainly stress on the issues related to research, technology, technical assistance and investment in the sector,&quot; says Suresh Kumar Dhungel, Chief of Technology Department at NAST.</p>

<p>Among these, the matters which have potentials will be moved forward for agreement. Also, two working papers will be presented from Nepal which will include the report about the status of hydropower development in Nepal and experiences on resolving the problems faced. Other countries will also present their respective working papers during the programme. &nbsp;</p>

<p>China&rsquo;s interest has been increasing in the South Asian countries in recent years. China has been adopting various approaches to make connectivity with SAARC countries through roads, trade and cooperation in various sectors. The conference is regarded as one such link in a series of programmes.</p>
',
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			'created' => '2017-03-27',
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			'sortorder' => '5361',
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		'Article' => array(
			'id' => '5575',
			'article_category_id' => '1',
			'title' => 'Ncell Slashes Call Charges of 30 Countries',
			'sub_title' => '',
			'summary' => 'March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.',
			'content' => '<p style="text-align: justify;">March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.</p>

<p style="text-align: justify;">According to the company, the customers can use the offer while making calls to India, China, USA, England, Canada, Hongkong, Germany, Singapore, Sweden, New Zealand and others. Currently, the company is charging up to Rs 50 per minute to the customers making calls to the aforementioned countries.</p>

<p style="text-align: justify;">As per the company, the users can participate in the scheme by dialing in *17107#. Similarly, the subscribers can activate the offer by texting A and send to 17107 or dialing 17107 and following the instructions, reads the statement issued by the company.&nbsp;</p>
',
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		'Article' => array(
			'id' => '5589',
			'article_category_id' => '1',
			'title' => 'Small Hydropower Development Planning for South Asian Countries Kicks Off',
			'sub_title' => '',
			'summary' => 'March 29: An international conference on small hydropower development has kicked off in the capital on March 28.',
			'content' => '<p style="text-align: justify;">March 29: An international conference on small hydropower development has kicked off in the capital on March 28.</p>

<p style="text-align: justify;">The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p style="text-align: justify;">The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; is being participated by all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p style="text-align: justify;">According to NAST, there are 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal.&nbsp;</p>

<p style="text-align: justify;">The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries. In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p style="text-align: justify;">Speaking in the inauguration program, Energy Minister Janardan Sharma said that the seminar is expected to be helpful in producing technical human resources, enhancing their capacity and searching for fresh human resources required for the development of small scale hydropower projects.</p>

<p style="text-align: justify;">Similary, Charge d&rsquo; Affairs of the Chinese Embassy Peng Wei&nbsp; said that the technology and other development achieved by China could motivate other countries to gain such achievements and China was ready to help developing-countries in this regard.</p>
',
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			'sortorder' => '5374',
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		'Article' => array(
			'id' => '5588',
			'article_category_id' => '1',
			'title' => 'Jyoti Bikash to Acquire Rapti Bheri Bikas Bank',
			'sub_title' => '',
			'summary' => 'March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhand',
			'content' => '<p style="text-align: justify;">March 29: Jyoti Bikash Bank (JBBL) is acquiring Rapti Bheri Bikas Bank (RBBBL). A memorandum of understanding between the two financial institutions regarding the acquisition was signed at the central office of JBBL at Kamaladi on March 28. Hari Chandra Khadka, Chairman of Jyoti and Prem Bahadur Bhandari, Chairman of Rapti Bheri signed the agreement paper amid a program.</p>

<p style="text-align: justify;">Presently, Jyoti Bikash has paid-up capital of Rs 1.10 billion. The bank is in process of issuing 1:1 right shares to its existing shareholders. Similarly, Rapti Bheri Bikas Bank has paid-up capital of Rs 143.7 million. After the acquisition, the paid-up capital of Jyoti Bikash Bank will reach to Rs 2.35 billion. Likewise, deposit and loan extension of the bank will amount to Rs 10 billion and Rs 9 billion respectively.&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '5373',
			'image' => '20170329113414_JYOTI BIKASH.jpg',
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		'Article' => array(
			'id' => '5587',
			'article_category_id' => '1',
			'title' => 'Om Devt’s Branch at Boudha',
			'sub_title' => '',
			'summary' => 'March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepren',
			'content' => '<p>March 29: Om Development Bank has started a branch at Boudha. Chintamani Shivakoti, Deputy Governor of Nepal Rastra Bank (NRB) inaugurated the branch amid a program on March 29. In the program, the bank felicitated female micro-bus driver Rita Thapa Magar in a bid to support female entrepreneurship. The newly established branch is the 31th branch of the bank.</p>

<p>On the occasion, Sushil Kumar Goshali, Chairman of the bank provided information on various facilities and activities of the bank. &ldquo;After merger with Manaslu Bikash Bank, Om will issue 10:3 right shares,&rdquo; said Bishwo Mohan Adhikari, CEO of the bank.&nbsp;</p>
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		'Article' => array(
			'id' => '5586',
			'article_category_id' => '1',
			'title' => '"Legal and administrative reform must for attracting FDIs"',
			'sub_title' => '',
			'summary' => 'March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Stakeholders and policy makers have stressed on the need of legal and administrative reform to facilitate foreign direct investment (FDI) in Nepal.</p>

<p style="text-align: justify;">In a programme organised by the Embassy of India in Nepal titled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; in the capital on March 27, the participants highlighted the need of support in policy and administrative levels in order to attract FDI in the country.</p>

<p style="text-align: justify;">Speaking at the event, Maha Prasad Adhikari, CEO of Investment Board Nepal (IBN), mentioned about the success of the Investment Summit- 2017 held in Kathmandu on March 2- 3.</p>

<p style="text-align: justify;">&quot;It is necessary to address the policy level, legal and procedural challenges in the system as discussed in the summit in order to attract FDIs,&quot; Adhikari shared. &nbsp;He further noted that it is a challenging task to materialize investments as one time investment only is not enough for many mega projects such as metro train and international airports. &quot;Therefore, there should be long term policies for attracting big investments in the country,&quot; he said.</p>

<p style="text-align: justify;">In the programme, Industry Secretary Shankar Prasad Koirala said that the government started reforming the policies prior to the summit with an aim to bring investments in the country.</p>

<p style="text-align: justify;">&quot;Also, the facility of online registration which has been provided by the Department of Industry and the Office of the Company Registrar has also eased the procedures,&quot; Koirala shared. He further said that the Ministry has been preparing to bring one stop service center so that all the registration works can be done at one place.</p>

<p style="text-align: justify;">&quot;Foreign investment inflow would be eased if the government implements one-window policy effectively,&quot; said Abhimanyu Poddar, Managing Director of Surya Nepal.&nbsp;&nbsp; He further expressed the view that there are hassles now for the entrepreneurs and investors to submit the same proposals to different departments, which is quite unnecessary.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/Capture.JPG" style="height:427px; width:841px" /></p>

<p style="text-align: justify;">Similarly, S.C Agrawal, CEO of Arun III Hydropower Project shared that acquisition of land is the main challenge for completing projects in Nepal.</p>

<p style="text-align: justify;">&quot;The roads are not properly constructed and we also have to spend huge amounts in the construction of the roads.&nbsp; Besides that, we also face difficulties in terms of security,&quot; Agrawal said.</p>

<p style="text-align: justify;">Likewise, Anukool Bhatnagar, CEO of Nepal SBI Bank said that many of the possible investments have moved to other countries due to delays in response from the government.&nbsp; &quot;Proper policies and active government work will highly increase the possibility of FDIs in Nepal,&quot; said Bhatnagar.</p>

<div>
<p style="text-align: justify;">Commerce Secretary Naindra Prasad Upadhyay was of the view that it is possible to attract FDIs through international trade facilitation.&nbsp; &quot;As the country is not strong in terms of export, the government is ready to provide grants for the promotion of export,&quot; he further said.</p>

<p style="text-align: justify;">&nbsp;</p>
</div>
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		'Article' => array(
			'id' => '5585',
			'article_category_id' => '1',
			'title' => 'Foreign Investment indispensable for Development: Minister Joshi',
			'sub_title' => '',
			'summary' => 'March 28:  Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.',
			'content' => '<p style="text-align: justify;">March 28:&nbsp; Industry Minister Nabindraraj Joshi has said that foreign investment is indispensable for the economic development of Nepal.</p>

<p style="text-align: justify;">Minister Joshi made such remarks at a programme entitled &#39;The Symposium on FDI in Nepal: Sharing Experiences&#39; organised by the Indian Embassy in the capital on March 27.</p>

<p style="text-align: justify;">Stating that there are problems in every country while doing business, Minister Joshi said that Nepal has been focusing on economic development in recent years.</p>

<p style="text-align: justify;">According to him, India is not only a neighboring country of Nepal, but in fact it is an important partner in Nepal&#39;s international trade.</p>

<p style="text-align: justify;">Many Indian companies are generating profit from Nepal, said Minister&nbsp; &nbsp;Joshi, and mentioned that Nepal is working on reforming various laws and policies. He also informed that Industrial Enterprises Act, SEZ (Special Economic Zone) Act and Company Act have already been amended.</p>

<p style="text-align: justify;">&quot;The cabinet has already approved the Intellectual Property Act,&quot; he said and informed that the ministry has been working on draft of the bill to amend the Foreign Investment and Technology Transfer Act (FITTA).</p>

<p style="text-align: justify;">Stating that all the companies operated with foreign investment in Nepal are in profit, he said that the market for products manufactured in Nepal is not only within the country but also in our big neighbours India and China.</p>

<p style="text-align: justify;">&quot;The government is very much conscious in order to ensure fewer challenges for the investors,&quot; Joshi informed. He said that thinking negatively can lead to negative consequences. Joshi argued that the government efforts to create an investment-friendly environment should be taken positively.</p>

<p style="text-align: justify;">Madan Lamsal, Editor in Chief of New Business Age monthly and Aarthik Abhiyan Nepali daily presented a paper in the programme. Lamsal was also the moderator of the panel discussion in the event.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5584',
			'article_category_id' => '1',
			'title' => 'ADB Forecasts 6.2% GDP for Nepal',
			'sub_title' => '',
			'summary' => 'March 28: The Asian Development Bank (ADB) has projected Nepal’s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.  The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal’s mid-year performance in real, fiscal, monetary and external sectors for 2017.',
			'content' => '<p style="text-align: justify;">March 28: The Asian Development Bank (ADB) has projected Nepal&rsquo;s GDP to rest between 5.2 to 6.2 percent in 2017. Similarly, the bank projected the inflation of the country to range between 6-6.5 percent in 2017.&nbsp; The bank shared the fact based on the Macroeconomic Update of Nepal as of March 2017 that analyzes Nepal&rsquo;s mid-year performance in real, fiscal, monetary and external sectors for 2017.</p>

<p style="text-align: justify;">According to the update, robust revenue generation but poor capital expenditure of the government has resulted in a fiscal surplus as of the first half of FY2017. Similarly, the widening trade deficit and a slowdown in remittance inflows have resulted in a current account deficit as of mid-year of FY2017.</p>

<p style="text-align: justify;">Moreover, the Issue Focus section reviews key regulatory and operational aspects for businesses in the country, especially foreign investment. As per the bank, Nepal lags behind many peer countries in terms of attracting foreign investment. To turn around the situation, the bank suggested that Nepal should introduce further reforms to address the de facto practices and procedures governing foreign investment and introduce policy reforms to improve the operational environment for domestic and foreign firms.</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5369',
			'image' => '20170328054032_adb.jpg',
			'article_date' => '2017-03-28 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5583',
			'article_category_id' => '1',
			'title' => 'Chaudhary Group to Further Invest Rs 50 billion in Nepal',
			'sub_title' => '',
			'summary' => 'March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.',
			'content' => '<p style="text-align: justify;">March 28: Chaudhary Group (CG), a leading industrial group in Nepal has announced to invest Rs 50 billion in various sectors in upcoming three years in Nepal.</p>

<p style="text-align: justify;">Speaking at a press conference on March 27, Binod Chaudhary, Chairman of the Chaudhary Group informed that the company will invest in sectors such as hydropower, cement, hotels, real-estate and industrial parks.</p>

<p style="text-align: justify;">According to Nirvana Chaudhary, Managing Director of the company, the company will invest Rs 300 million to enhance production of Wai-Wai noodles inside Chaudhary Industrial Park in Nawalparasi district. He informed that the company will invest Rs 500 million to establish another Wai-Wai plant in Sunsari district of eastern Nepal.</p>

<p style="text-align: justify;">According to Managing Director Nirvana, the company will further invest Rs 250 million for the production of Rio Juice, a soft drink and other products.</p>

<p style="text-align: justify;">He also informed that they will invest an additional Rs one billion in beverage products such as - Nepal Ice.</p>

<p style="text-align: justify;">Likewise, the company shared that it will invest Rs 8.5 billion in cement industry with under construction clinker plant in Palpa district of western Nepal.</p>

<p style="text-align: justify;">Chaudhary Group has already prepared to invest Rs 2.8 billion in Madhyamodi Hydropower project with a capacity of 15.1 megawatts of electricity. Likewise, the company will invest Rs 7.5 billion in Super Madi Hydropower project having a capacity of 44 megawatts.</p>

<p style="text-align: justify;">&nbsp;Chairman and Nepali billionaire Binod Chaudhary, who is listed in the &lsquo;Forbes&rsquo; list of billionaires holds the view that 50 percent of property valued by Forbes should remain in Nepal itself.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5368',
			'image' => '20170328044751_cg.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5582',
			'article_category_id' => '1',
			'title' => 'Kyal Group Adopts PLC Technology in Feed Production',
			'sub_title' => '',
			'summary' => 'March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.',
			'content' => '<p>March 28: Gorkha Feed Industries is producing high quality of poultry feeds for poultry and fisheries through PLC technology. The Jitpur, Bara based industry established by Kyal Group is using the advanced technology in producing the feed.</p>

<p>The group has established poultry feed industry at Birgunj-Pathalaiya corridor with an investment of Rs 120 million. Suresh Kyal, Managing Director of Kyal Group claimed that the industry is maintaining the quality of the produced feeds through modern and standard technology.</p>

<p>Gorkha Feed Industries has brought &lsquo;Anupam&rsquo; branded feed in the Nepali market. As per Kyal, the feed produced from the technology supports quick growth of chickens due to which, demand of the product is increasing in the market. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5367',
			'image' => '20170328035056_kyal.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5581',
			'article_category_id' => '1',
			'title' => 'LG Multi V IV AC Launched',
			'sub_title' => '',
			'summary' => 'March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.',
			'content' => '<p style="text-align: justify;">March 28: CG Electronics, the authorised distributor of LG air conditioners in Nepal has launched LG Multi V IV air conditioner in the Nepali market. The company amid the LG Air Conditioning Conclave 2017 organised in the capital on March 26 unveiled the new air conditioner system. The conclave was jointly hosted by CG Electronics and LG Electronics, Singapore.</p>

<p style="text-align: justify;">&ldquo;Our inverter V air conditioner consumes up to 60 percent less energy than non-inverter models,&rdquo; company in a press statement said. According to the company, LG Multi V IV maximizes energy efficiency in commercial environments with coefficient of performance (COP) of 4.85.&nbsp; Similarly, the product also provides energy solution that uses various eco-friendly heat resources. &ldquo;Multi V geo thermal combines geo thermal energy saving of up to 50 percent compared to conventional heat pumps,&rdquo; mentions the company. &ldquo;Therma V takes advantage of heat in the air to deliver the energy efficiency that is four times greater than with conventional heating.&rdquo; &nbsp;As per statement, the energy efficiency of Therma V also won AHRI Expo Innovation Awards in 2011.&nbsp; According to the company, the integrated energy solutions of LG can lower energy consumption in both residential and commercial buildings by up to 30 percent.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">Likewise, the conclave focused on greener evolution for a better tomorrow promoting LG Multi V HVAC system. The conclave was attended by the corporate delegates and representatives from construction and hospitality sectors.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5366',
			'image' => '20170328122251_lg.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5580',
			'article_category_id' => '1',
			'title' => 'Ceat Tyres organizes Customer Meet Program',
			'sub_title' => '',
			'summary' => 'March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. “The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,” said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.',
			'content' => '<p style="text-align: justify;">March 28: Ceat Tyres has ogranised a customer meet program at Pokhara. &ldquo;The meet program was organized in a bid to provide information to customers about special features of Ceat Tyres,&rdquo; said Mohan Babu Khadka, Director of Monica Suppliers, the authorized distributor of Ceat Tyres for Pokhara.</p>

<p style="text-align: justify;">Speaking in the program, Rajnish Kumar, Nepal Country Manager of Ceat Tyres said that the product is popular throughout the world. &ldquo;Ceat Tyres that is highly demanded in Nepal is very tough and reliable,&rdquo; he said. He claimed that the tyre has been able to win the customers trust.</p>

<p style="text-align: justify;">The program that was organized in Hotel Snowland at Lakeside Pokhara was participated by more than 100 transport entrepreneurs and customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5365',
			'image' => '20170328120736_ceat.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5579',
			'article_category_id' => '1',
			'title' => 'Renault Wow Exchange Carnival',
			'sub_title' => '',
			'summary' => 'March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched ‘Renault Wow Exchange Carnival’ in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled ‘Renault Wow Offer’ with a slogan ‘Aba New Year Jamcha Kinaki Exchangema Dam Cha’.',
			'content' => '<p style="text-align: justify;">March 28: Advanced Automobiles, the authorised distributor of Renault cars for Nepal has launched &lsquo;Renault Wow Exchange Carnival&rsquo; in all major cities across the country. As per a press statement issued by the company, the scheme is being launched to accompany the ongoing Nepali New Year scheme titled &lsquo;Renault Wow Offer&rsquo; with a slogan &lsquo;Aba New Year Jamcha Kinaki Exchangema Dam Cha&rsquo;.</p>

<p style="text-align: justify;">According to the company, the exchange offer is available on Renault&rsquo;s Kwid and Duster models. Under the offer, Renault KWID and Duster can be purchase with a minimum monthly installment, informed Advanced Automobiles. The vehicles are available in easy finance and exchange facility with 8.99 percent annual interest rate. &ldquo;KWID and Duster are now available at EMI of Rs 28,200 and Rs 13,357 respectively,&rdquo; reads the statement. Apart from it, cash discount, free servicing for two years, free road tax for a year and five years warranty are other attractions of the scheme.</p>

<p style="text-align: justify;">Similarly, the exchange carnival is being held in Kathmandu from March 24-29, in Bhairahawa and Birtamode from March 26-28, in Butwal and Biratnagar from March 29-31 and in Narayanghat and Pokhara from April 1-3. On-the-spot finance and exchange facilities are available at the carnival, said the company.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5364',
			'image' => '20170328114002_renault.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5578',
			'article_category_id' => '1',
			'title' => 'NLIC to Distribute 26.30% Bonus',
			'sub_title' => '',
			'summary' => 'March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17th annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.',
			'content' => '<p style="text-align: justify;">March 28: Nepal Life Insurance Company (NLIC) is distributing 26.31 percent bonus shares (with tax) to its shareholders. The 17<sup>th</sup> annual general meeting of the company held on Birgunj on March 27 endorsed a proposal of distributing the bonus share. In the meeting, NLIC said that the shareholders who invested in further public offering are also entitled to the bonus share.</p>

<p style="text-align: justify;">According to the company, the paid-up capital of the company will reach to Rs 3.09 billion after the distribution of bonus share. The paid-up capital is the highest among the insurance companies, claimed NLIC. In the AGM, Ramesh Gupta, Chairman of the company presented annual report and other financial reports of the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5363',
			'image' => '20170328111538_nlic.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5577',
			'article_category_id' => '1',
			'title' => 'ICRA Grade 4+ rating to Prabhu Insurance',
			'sub_title' => '',
			'summary' => 'March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.',
			'content' => '<p>March 28: The proposed right share issuance of Prabhu Insurance has been granted Grade 4+ rating by ICRA Nepal which indicates below average fundamentals. Prabhu Insurance is issuing 50 percent right shares of 1,925,078.8 units of equity shares worth Rs 192.5 million. The company is issuing the right shares with a face value of Rs 100 to be issued to the existing shareholders at par.</p>

<p>According to ICRA, institutional promoter support of Employees Provident Fund with 15% shareholding and partnership with Prabhu Group is the positive aspects of the company. Moreover, underwriting performance, backed by higher premium retention of 57% in FY2015-16 and decline in commission expense leading to fair profitability indicators are also positive aspects of the company, mentioned ICRA.</p>

<p>However, the grading is constrained by the company&rsquo;s modest business growth and high reliance on institutional clients for premium earnings, as per ICRA. ICRA highlighted that the impact of April/May 2015 earthquake on the company&rsquo;s claims paying ability, solvency position and profitability was cushioned by adequate catastrophic reinsurance arrangements. However, delayed recovery of claims from reinsurers post-earthquake undermines the level of reinsurance support available with Prabhu Insurance in case of similar catastrophe in future. The grading is also limited by declining yield on investment portfolio which could affect incremental returns and stiff competition from larger players in the Nepalese general insurance industry, said ICRA.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-28',
			'modified' => '2017-03-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5362',
			'image' => '20170328111419_prabhu insurance.jpg',
			'article_date' => '2017-03-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5576',
			'article_category_id' => '1',
			'title' => 'Int’l Conference on Small Hydropower Projects from March 28',
			'sub_title' => '',
			'summary' => 'March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.',
			'content' => '<p>March 27: An international conference on small hydropower development is going to be organised in the capital from March 28 to March 30.</p>

<p>The conference is going to be jointly organised by the Nepal Academy of Science and Technology (NAST) and Hangzhou Regional Centre for Small Hydropower (HRC).</p>

<p>The conference titled &#39;Small Hydropower Development Planning for South Asian Countries&#39; will observe the participation of all the SAARC countries except the Maldives as well as China, in the conference.</p>

<p>According to NAST, there will be 19 representatives from the hydropower sector outside the country and 11 representatives from Nepal. &nbsp;</p>

<p>The event is held in a bid to explore the possibility of Chinese financial and technical support in small hydropower projects in South Asian countries.</p>

<p>In addition to that, the participants will also share their experiences in the sector during the event with a purpose to learn from each other.</p>

<p>&quot;The programme will mainly stress on the issues related to research, technology, technical assistance and investment in the sector,&quot; says Suresh Kumar Dhungel, Chief of Technology Department at NAST.</p>

<p>Among these, the matters which have potentials will be moved forward for agreement. Also, two working papers will be presented from Nepal which will include the report about the status of hydropower development in Nepal and experiences on resolving the problems faced. Other countries will also present their respective working papers during the programme. &nbsp;</p>

<p>China&rsquo;s interest has been increasing in the South Asian countries in recent years. China has been adopting various approaches to make connectivity with SAARC countries through roads, trade and cooperation in various sectors. The conference is regarded as one such link in a series of programmes.</p>
',
			'published' => true,
			'created' => '2017-03-27',
			'modified' => '2017-03-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5361',
			'image' => '20170327034111_nast.jpg',
			'article_date' => '2017-03-27 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5575',
			'article_category_id' => '1',
			'title' => 'Ncell Slashes Call Charges of 30 Countries',
			'sub_title' => '',
			'summary' => 'March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.',
			'content' => '<p style="text-align: justify;">March 27: Mobile service provider, Ncell has introduced new offer to its customers from March 27. Under the offer, its users can make call to 30 countries at the same local price as low as Rs 1.99 per minute. Both pre-paid and post-paid users can participate in the offer which will be valid for 15 days for now.</p>

<p style="text-align: justify;">According to the company, the customers can use the offer while making calls to India, China, USA, England, Canada, Hongkong, Germany, Singapore, Sweden, New Zealand and others. Currently, the company is charging up to Rs 50 per minute to the customers making calls to the aforementioned countries.</p>

<p style="text-align: justify;">As per the company, the users can participate in the scheme by dialing in *17107#. Similarly, the subscribers can activate the offer by texting A and send to 17107 or dialing 17107 and following the instructions, reads the statement issued by the company.&nbsp;</p>
',
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			'created' => '2017-03-27',
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			'sortorder' => '5360',
			'image' => '20170327014454_ncell.jpg',
			'article_date' => '2017-03-27 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	)
)
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FOREX

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

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

Bullion

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

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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