Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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		'Article' => array(
			'id' => '5514',
			'article_category_id' => '1',
			'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation',
			'sub_title' => '',
			'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.',
			'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new &ldquo;grid edge&rdquo; technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report &lsquo;The Future of Electricity: New Technologies Transforming the Grid Edge&rsquo; published on March 10 revealed the fact.</p>

<p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management.&nbsp; More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p>

<p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p>
',
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			'created' => '2017-03-14',
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			'description' => '',
			'sortorder' => '5299',
			'image' => '20170314025326_grid.JPG',
			'article_date' => '2017-03-14 00:00:00',
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			'id' => '5513',
			'article_category_id' => '1',
			'title' => 'NB Bank Provides Accident Insurance Amount',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che',
			'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p>

<p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5298',
			'image' => '20170314023620_nb.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5512',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign',
			'sub_title' => '',
			'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of  handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.',
			'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of &nbsp;handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p>

<p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5297',
			'image' => '20170314020924_tourism.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5511',
			'article_category_id' => '1',
			'title' => 'CG Mobile Unveiled Astro Torch in the Market',
			'sub_title' => '',
			'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ',
			'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5296',
			'image' => '20170314114715_cg.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5510',
			'article_category_id' => '1',
			'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million',
			'sub_title' => '',
			'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually.  ',
			'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The &#39;Foreign Employment Bond 2078&#39; with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. &nbsp;</p>

<p><br />
According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience.&nbsp;</p>

<p><br />
The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country&rsquo;s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p>

<p><br />
NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p>

<p><br />
Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5295',
			'image' => '20170314112048_nrb.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5509',
			'article_category_id' => '1',
			'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.',
			'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p>

<p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. &ldquo;Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,&rdquo; he said adding, &ldquo;The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.&rdquo;</p>

<p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p>

<p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. &ldquo;NT is continuously investing in rural and remote locations of the country despite of heavy investment,&rdquo; he added.</p>

<p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors&rsquo; Committee and suggestion of Office of the Auditor General.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5294',
			'image' => '20170314105107_nt.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5508',
			'article_category_id' => '1',
			'title' => 'Almond worth Rs 209.7 Mn exported in 7 months',
			'sub_title' => '',
			'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal',
			'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p>

<p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. &ldquo;The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,&rdquo; said Kusum Parajuli, co-coordinator of the study group. &nbsp;</p>

<p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5293',
			'image' => '20170313031312_almond.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5503',
			'article_category_id' => '1',
			'title' => '2.1 Mn Internet Users Increased In a Year',
			'sub_title' => '',
			'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu',
			'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p>

<p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p>

<p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313120217_INTERNET.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '5507',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue 100:15 Right Shares',
			'sub_title' => '',
			'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.',
			'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p>

<p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p>

<p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313022142_nic asia.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5502',
			'article_category_id' => '1',
			'title' => 'NRB Issuing Treasury Bills worth Rs 3 Bn today',
			'sub_title' => '',
			'summary' => 'March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills wor',
			'content' => '<p style="text-align:justify">March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills worth Rs 500 million. The bank informed that the interested parties would have to submit their sealed auction trading application by 1500 hours today. The Treasury bills will be allocated on March 14. The 91 and 182 days bills will mature on June 13 and September 12 respectively. &nbsp;</p>

<p style="text-align:justify">Previously, NRB issued Rs 2.13 billion worth 91 days Treasury bills on February 12 upon which Rs 4.79 billion amount was claimed.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313104340_nrb.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '5506',
			'article_category_id' => '1',
			'title' => 'Preparation of 6th Nepal International Trade Fair 2073 Concludes',
			'sub_title' => '',
			'summary' => 'March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.',
			'content' => '<p style="text-align: justify;">March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.</p>

<p style="text-align: justify;">The fair is being organized with a support of Trade and Exports Promotion Centre. The fair will have 340 stalls including domestic and foreign. Countries including China, India, Bangladesh, Pakistan and Thailand will be participating in the fair. China, India, Pakistan, Bangladesh and Thailand have booked 85, 10, 20, 50 and two stalls respectively for the fair, informed the organiser.</p>

<p style="text-align: justify;">The fair will have handicrafts, tourism, information technology, agricultural products, energy, construction, education, medicines and iron and steel stalls. Similarly, the fair will also include various stalls of readymade dresses, leather products, new technology and equipments, food items, furniture, fashion wear, home decor and service sectors. Likewise, the fair will showcase Nepali herbal products in 35 stalls. Moreover, 70 stalls will exhibit agricultural products of Himali Project. International Labor Organisation (ILO) have supported the fair and will provide information about employment through employment information center, the organiser informed.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313013532_internation trade fari.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5505',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank Opens Branch in Galyang',
			'sub_title' => '',
			'summary' => 'March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.',
			'content' => '<p style="text-align: justify;">March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
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			'id' => '5504',
			'article_category_id' => '1',
			'title' => 'Saurya Airlines Adds New Craft',
			'sub_title' => '',
			'summary' => 'March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.',
			'content' => '<p style="text-align: justify;">March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.</p>

<p style="text-align: justify;">According to the company, it is planning to add another aircraft to its service line within next three months. Dipak Kumar Pokharel, Chairman of the airlines said, &quot;Currently the airlines is conducting its flights to Biratnagar, Bhadrapur and Nepalgunj. Now, it will conduct its flights to Dhangadi and Bhairhawa through the new craft.&quot; As per Mukesh Khanal, Marketing Head of the company, the airlines is planning to promote and conduct market activities through travel agencies. The new craft will start its flights within a few days, inform the company.</p>

<p style="text-align: justify;">The craft is made in Canada and worth Rs 1 billion. We believe that the craft will fall under the choice of the customers as it is comfortable and fast, said Khanal. The airlines is conducting its flights since December 2014.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5289',
			'image' => '20170313010057_saurya.jpg',
			'article_date' => '2017-03-13 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5501',
			'article_category_id' => '1',
			'title' => 'Ninth GABV Conference Emphasised on Expansion of Investment in Productive Sector',
			'sub_title' => '',
			'summary' => 'March 10:  The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday,  March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.',
			'content' => '<p style="text-align:justify">March 10:&nbsp; The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme &#39;Shifting the financial paradigm: courage to act together,&#39; concluded on Thursday,&nbsp; March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.</p>

<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>

<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of&nbsp;&nbsp; triple bottom line - people, planet and prosperity.</p>

<p style="text-align:justify">He also said the value-based banking was not taken seriously in Nepal so far.&nbsp; &quot;The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only,&quot; he said.</p>

<p style="text-align:justify">He said the principles presented by the NMB Bank on value-based banking were compatible with the country.&nbsp; The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects.&nbsp;</p>

<p style="text-align:justify">&nbsp;All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.</p>

<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>

<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru.&nbsp; The conference was the annual programme of the GABV.&nbsp; They discussed on the future leadership to move ahead value-based banking concept effectively. &nbsp;</p>

<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-03-10',
			'modified' => '2017-03-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5286',
			'image' => '20170310040732_gabv.jpg',
			'article_date' => '2017-03-10 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5500',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Brokers to Facilitate Internet Trading to Investors',
			'sub_title' => '',
			'summary' => 'March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors.  The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.',
			'content' => '<p>March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors. &nbsp;The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.</p>

<p>According to the board, the companies should provide username and password to the investors based on the customer identity (KYC). Similarly, the broker companies should make entry of the trade order received through internet as per the time priority. Moreover, the companies should enable the investors to receive the details/information of their trading through internet.</p>

<p>The board believes that the mechanism will provide ease to the investors while trading and expand the security market.</p>

<p>&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/sebon1.jpg" style="height:486px; width:446px" /></p>
',
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			'sortorder' => '5285',
			'image' => '20170310021256_sebon.jpg',
			'article_date' => '2017-03-10 00:00:00',
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '5514',
			'article_category_id' => '1',
			'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation',
			'sub_title' => '',
			'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.',
			'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new &ldquo;grid edge&rdquo; technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report &lsquo;The Future of Electricity: New Technologies Transforming the Grid Edge&rsquo; published on March 10 revealed the fact.</p>

<p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management.&nbsp; More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p>

<p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p>
',
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			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5299',
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			'id' => '5513',
			'article_category_id' => '1',
			'title' => 'NB Bank Provides Accident Insurance Amount',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che',
			'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p>

<p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5298',
			'image' => '20170314023620_nb.jpg',
			'article_date' => '2017-03-14 00:00:00',
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		'Article' => array(
			'id' => '5512',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign',
			'sub_title' => '',
			'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of  handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.',
			'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of &nbsp;handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p>

<p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5297',
			'image' => '20170314020924_tourism.jpg',
			'article_date' => '2017-03-14 00:00:00',
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			'id' => '5511',
			'article_category_id' => '1',
			'title' => 'CG Mobile Unveiled Astro Torch in the Market',
			'sub_title' => '',
			'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ',
			'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5296',
			'image' => '20170314114715_cg.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5510',
			'article_category_id' => '1',
			'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million',
			'sub_title' => '',
			'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually.  ',
			'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The &#39;Foreign Employment Bond 2078&#39; with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. &nbsp;</p>

<p><br />
According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience.&nbsp;</p>

<p><br />
The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country&rsquo;s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p>

<p><br />
NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p>

<p><br />
Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br />
&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5295',
			'image' => '20170314112048_nrb.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5509',
			'article_category_id' => '1',
			'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.',
			'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p>

<p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. &ldquo;Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,&rdquo; he said adding, &ldquo;The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.&rdquo;</p>

<p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p>

<p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. &ldquo;NT is continuously investing in rural and remote locations of the country despite of heavy investment,&rdquo; he added.</p>

<p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors&rsquo; Committee and suggestion of Office of the Auditor General.&nbsp;</p>
',
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			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5294',
			'image' => '20170314105107_nt.jpg',
			'article_date' => '2017-03-14 00:00:00',
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		'Article' => array(
			'id' => '5508',
			'article_category_id' => '1',
			'title' => 'Almond worth Rs 209.7 Mn exported in 7 months',
			'sub_title' => '',
			'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal',
			'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p>

<p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. &ldquo;The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,&rdquo; said Kusum Parajuli, co-coordinator of the study group. &nbsp;</p>

<p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen.&nbsp;</p>
',
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			'image' => '20170313031312_almond.jpg',
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			'id' => '5503',
			'article_category_id' => '1',
			'title' => '2.1 Mn Internet Users Increased In a Year',
			'sub_title' => '',
			'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu',
			'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p>

<p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p>

<p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet.&nbsp;</p>
',
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			'created' => '2017-03-13',
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			'sortorder' => '5292',
			'image' => '20170313120217_INTERNET.jpg',
			'article_date' => '2017-03-13 00:00:00',
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		'Article' => array(
			'id' => '5507',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue 100:15 Right Shares',
			'sub_title' => '',
			'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.',
			'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p>

<p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p>

<p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent.&nbsp;</p>
',
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			'created' => '2017-03-13',
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			'sortorder' => '5292',
			'image' => '20170313022142_nic asia.jpg',
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		'Article' => array(
			'id' => '5502',
			'article_category_id' => '1',
			'title' => 'NRB Issuing Treasury Bills worth Rs 3 Bn today',
			'sub_title' => '',
			'summary' => 'March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills wor',
			'content' => '<p style="text-align:justify">March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills worth Rs 500 million. The bank informed that the interested parties would have to submit their sealed auction trading application by 1500 hours today. The Treasury bills will be allocated on March 14. The 91 and 182 days bills will mature on June 13 and September 12 respectively. &nbsp;</p>

<p style="text-align:justify">Previously, NRB issued Rs 2.13 billion worth 91 days Treasury bills on February 12 upon which Rs 4.79 billion amount was claimed.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313104340_nrb.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5506',
			'article_category_id' => '1',
			'title' => 'Preparation of 6th Nepal International Trade Fair 2073 Concludes',
			'sub_title' => '',
			'summary' => 'March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.',
			'content' => '<p style="text-align: justify;">March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.</p>

<p style="text-align: justify;">The fair is being organized with a support of Trade and Exports Promotion Centre. The fair will have 340 stalls including domestic and foreign. Countries including China, India, Bangladesh, Pakistan and Thailand will be participating in the fair. China, India, Pakistan, Bangladesh and Thailand have booked 85, 10, 20, 50 and two stalls respectively for the fair, informed the organiser.</p>

<p style="text-align: justify;">The fair will have handicrafts, tourism, information technology, agricultural products, energy, construction, education, medicines and iron and steel stalls. Similarly, the fair will also include various stalls of readymade dresses, leather products, new technology and equipments, food items, furniture, fashion wear, home decor and service sectors. Likewise, the fair will showcase Nepali herbal products in 35 stalls. Moreover, 70 stalls will exhibit agricultural products of Himali Project. International Labor Organisation (ILO) have supported the fair and will provide information about employment through employment information center, the organiser informed.</p>
',
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		'Article' => array(
			'id' => '5505',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank Opens Branch in Galyang',
			'sub_title' => '',
			'summary' => 'March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.',
			'content' => '<p style="text-align: justify;">March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5290',
			'image' => '20170313010934_om.jpg',
			'article_date' => '2017-03-13 00:00:00',
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		'Article' => array(
			'id' => '5504',
			'article_category_id' => '1',
			'title' => 'Saurya Airlines Adds New Craft',
			'sub_title' => '',
			'summary' => 'March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.',
			'content' => '<p style="text-align: justify;">March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.</p>

<p style="text-align: justify;">According to the company, it is planning to add another aircraft to its service line within next three months. Dipak Kumar Pokharel, Chairman of the airlines said, &quot;Currently the airlines is conducting its flights to Biratnagar, Bhadrapur and Nepalgunj. Now, it will conduct its flights to Dhangadi and Bhairhawa through the new craft.&quot; As per Mukesh Khanal, Marketing Head of the company, the airlines is planning to promote and conduct market activities through travel agencies. The new craft will start its flights within a few days, inform the company.</p>

<p style="text-align: justify;">The craft is made in Canada and worth Rs 1 billion. We believe that the craft will fall under the choice of the customers as it is comfortable and fast, said Khanal. The airlines is conducting its flights since December 2014.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5289',
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		'Article' => array(
			'id' => '5501',
			'article_category_id' => '1',
			'title' => 'Ninth GABV Conference Emphasised on Expansion of Investment in Productive Sector',
			'sub_title' => '',
			'summary' => 'March 10:  The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday,  March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.',
			'content' => '<p style="text-align:justify">March 10:&nbsp; The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme &#39;Shifting the financial paradigm: courage to act together,&#39; concluded on Thursday,&nbsp; March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.</p>

<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>

<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of&nbsp;&nbsp; triple bottom line - people, planet and prosperity.</p>

<p style="text-align:justify">He also said the value-based banking was not taken seriously in Nepal so far.&nbsp; &quot;The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only,&quot; he said.</p>

<p style="text-align:justify">He said the principles presented by the NMB Bank on value-based banking were compatible with the country.&nbsp; The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects.&nbsp;</p>

<p style="text-align:justify">&nbsp;All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.</p>

<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>

<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru.&nbsp; The conference was the annual programme of the GABV.&nbsp; They discussed on the future leadership to move ahead value-based banking concept effectively. &nbsp;</p>

<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-03-10',
			'modified' => '2017-03-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5286',
			'image' => '20170310040732_gabv.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5500',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Brokers to Facilitate Internet Trading to Investors',
			'sub_title' => '',
			'summary' => 'March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors.  The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.',
			'content' => '<p>March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors. &nbsp;The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.</p>

<p>According to the board, the companies should provide username and password to the investors based on the customer identity (KYC). Similarly, the broker companies should make entry of the trade order received through internet as per the time priority. Moreover, the companies should enable the investors to receive the details/information of their trading through internet.</p>

<p>The board believes that the mechanism will provide ease to the investors while trading and expand the security market.</p>

<p>&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/sebon1.jpg" style="height:486px; width:446px" /></p>
',
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			'image' => '20170310021256_sebon.jpg',
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '5514',
			'article_category_id' => '1',
			'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation',
			'sub_title' => '',
			'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.',
			'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new &ldquo;grid edge&rdquo; technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report &lsquo;The Future of Electricity: New Technologies Transforming the Grid Edge&rsquo; published on March 10 revealed the fact.</p>

<p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management.&nbsp; More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p>

<p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p>
',
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			'id' => '5513',
			'article_category_id' => '1',
			'title' => 'NB Bank Provides Accident Insurance Amount',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che',
			'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p>

<p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients.&nbsp;</p>
',
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			'created' => '2017-03-14',
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			'sortorder' => '5298',
			'image' => '20170314023620_nb.jpg',
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			'id' => '5512',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign',
			'sub_title' => '',
			'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of  handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.',
			'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of &nbsp;handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p>

<p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement.&nbsp;</p>
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			'title' => 'CG Mobile Unveiled Astro Torch in the Market',
			'sub_title' => '',
			'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ',
			'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5296',
			'image' => '20170314114715_cg.jpg',
			'article_date' => '2017-03-14 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '5510',
			'article_category_id' => '1',
			'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million',
			'sub_title' => '',
			'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually.  ',
			'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The &#39;Foreign Employment Bond 2078&#39; with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. &nbsp;</p>

<p><br />
According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience.&nbsp;</p>

<p><br />
The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country&rsquo;s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p>

<p><br />
NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p>

<p><br />
Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5295',
			'image' => '20170314112048_nrb.jpg',
			'article_date' => '2017-03-14 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '5509',
			'article_category_id' => '1',
			'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.',
			'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p>

<p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. &ldquo;Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,&rdquo; he said adding, &ldquo;The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.&rdquo;</p>

<p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p>

<p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. &ldquo;NT is continuously investing in rural and remote locations of the country despite of heavy investment,&rdquo; he added.</p>

<p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors&rsquo; Committee and suggestion of Office of the Auditor General.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5294',
			'image' => '20170314105107_nt.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5508',
			'article_category_id' => '1',
			'title' => 'Almond worth Rs 209.7 Mn exported in 7 months',
			'sub_title' => '',
			'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal',
			'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p>

<p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. &ldquo;The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,&rdquo; said Kusum Parajuli, co-coordinator of the study group. &nbsp;</p>

<p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5293',
			'image' => '20170313031312_almond.jpg',
			'article_date' => '2017-03-13 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' => '5503',
			'article_category_id' => '1',
			'title' => '2.1 Mn Internet Users Increased In a Year',
			'sub_title' => '',
			'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu',
			'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p>

<p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p>

<p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313120217_INTERNET.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5507',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue 100:15 Right Shares',
			'sub_title' => '',
			'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.',
			'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p>

<p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p>

<p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313022142_nic asia.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5502',
			'article_category_id' => '1',
			'title' => 'NRB Issuing Treasury Bills worth Rs 3 Bn today',
			'sub_title' => '',
			'summary' => 'March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills wor',
			'content' => '<p style="text-align:justify">March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills worth Rs 500 million. The bank informed that the interested parties would have to submit their sealed auction trading application by 1500 hours today. The Treasury bills will be allocated on March 14. The 91 and 182 days bills will mature on June 13 and September 12 respectively. &nbsp;</p>

<p style="text-align:justify">Previously, NRB issued Rs 2.13 billion worth 91 days Treasury bills on February 12 upon which Rs 4.79 billion amount was claimed.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313104340_nrb.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5506',
			'article_category_id' => '1',
			'title' => 'Preparation of 6th Nepal International Trade Fair 2073 Concludes',
			'sub_title' => '',
			'summary' => 'March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.',
			'content' => '<p style="text-align: justify;">March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.</p>

<p style="text-align: justify;">The fair is being organized with a support of Trade and Exports Promotion Centre. The fair will have 340 stalls including domestic and foreign. Countries including China, India, Bangladesh, Pakistan and Thailand will be participating in the fair. China, India, Pakistan, Bangladesh and Thailand have booked 85, 10, 20, 50 and two stalls respectively for the fair, informed the organiser.</p>

<p style="text-align: justify;">The fair will have handicrafts, tourism, information technology, agricultural products, energy, construction, education, medicines and iron and steel stalls. Similarly, the fair will also include various stalls of readymade dresses, leather products, new technology and equipments, food items, furniture, fashion wear, home decor and service sectors. Likewise, the fair will showcase Nepali herbal products in 35 stalls. Moreover, 70 stalls will exhibit agricultural products of Himali Project. International Labor Organisation (ILO) have supported the fair and will provide information about employment through employment information center, the organiser informed.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313013532_internation trade fari.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5505',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank Opens Branch in Galyang',
			'sub_title' => '',
			'summary' => 'March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.',
			'content' => '<p style="text-align: justify;">March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5290',
			'image' => '20170313010934_om.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5504',
			'article_category_id' => '1',
			'title' => 'Saurya Airlines Adds New Craft',
			'sub_title' => '',
			'summary' => 'March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.',
			'content' => '<p style="text-align: justify;">March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.</p>

<p style="text-align: justify;">According to the company, it is planning to add another aircraft to its service line within next three months. Dipak Kumar Pokharel, Chairman of the airlines said, &quot;Currently the airlines is conducting its flights to Biratnagar, Bhadrapur and Nepalgunj. Now, it will conduct its flights to Dhangadi and Bhairhawa through the new craft.&quot; As per Mukesh Khanal, Marketing Head of the company, the airlines is planning to promote and conduct market activities through travel agencies. The new craft will start its flights within a few days, inform the company.</p>

<p style="text-align: justify;">The craft is made in Canada and worth Rs 1 billion. We believe that the craft will fall under the choice of the customers as it is comfortable and fast, said Khanal. The airlines is conducting its flights since December 2014.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5289',
			'image' => '20170313010057_saurya.jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5501',
			'article_category_id' => '1',
			'title' => 'Ninth GABV Conference Emphasised on Expansion of Investment in Productive Sector',
			'sub_title' => '',
			'summary' => 'March 10:  The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday,  March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.',
			'content' => '<p style="text-align:justify">March 10:&nbsp; The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme &#39;Shifting the financial paradigm: courage to act together,&#39; concluded on Thursday,&nbsp; March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.</p>

<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>

<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of&nbsp;&nbsp; triple bottom line - people, planet and prosperity.</p>

<p style="text-align:justify">He also said the value-based banking was not taken seriously in Nepal so far.&nbsp; &quot;The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only,&quot; he said.</p>

<p style="text-align:justify">He said the principles presented by the NMB Bank on value-based banking were compatible with the country.&nbsp; The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects.&nbsp;</p>

<p style="text-align:justify">&nbsp;All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.</p>

<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>

<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru.&nbsp; The conference was the annual programme of the GABV.&nbsp; They discussed on the future leadership to move ahead value-based banking concept effectively. &nbsp;</p>

<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-10',
			'modified' => '2017-03-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5286',
			'image' => '20170310040732_gabv.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5500',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Brokers to Facilitate Internet Trading to Investors',
			'sub_title' => '',
			'summary' => 'March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors.  The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.',
			'content' => '<p>March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors. &nbsp;The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.</p>

<p>According to the board, the companies should provide username and password to the investors based on the customer identity (KYC). Similarly, the broker companies should make entry of the trade order received through internet as per the time priority. Moreover, the companies should enable the investors to receive the details/information of their trading through internet.</p>

<p>The board believes that the mechanism will provide ease to the investors while trading and expand the security market.</p>

<p>&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/sebon1.jpg" style="height:486px; width:446px" /></p>
',
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			'image' => '20170310021256_sebon.jpg',
			'article_date' => '2017-03-10 00:00:00',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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    if(!$xml = simplexml_load_file($file)){
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		'Article' => array(
			'id' => '5514',
			'article_category_id' => '1',
			'title' => 'New “Grid Edge” Technologies to Bring More Than $2.4 Trillion of Value Creation',
			'sub_title' => '',
			'summary' => 'March 14: World Economic Forum has revealed that adoption of new “grid edge” technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report ‘The Future of Electricity: New Technologies Transforming the Grid Edge’ published on March 10 revealed the fact.',
			'content' => '<p style="text-align: justify;">March 14: World Economic Forum has revealed that adoption of new &ldquo;grid edge&rdquo; technologies in OECD countries could bring more than $2.4 trillion of value creation for society and the industry over the next 10 years, by increasing the efficiency of the overall system, optimizing capital allocation and creating new services for customers. The Forum in its report &lsquo;The Future of Electricity: New Technologies Transforming the Grid Edge&rsquo; published on March 10 revealed the fact.</p>

<p style="text-align: justify;">According to the report, rapidly falling costs of grid edge technologies is fueling their adoption by customers. Smart meters, connected devices and grid sensors will increase the efficiency of network management.&nbsp; More importantly, it allows customers to have real-time information about energy supply and demand across the system. The expected surge in adoption of electric vehicles could provide great flexibility to the grid in the shape of storage, but could also pose site congestion challenges, for example if a large number of electric vehicles wanted to recharge in a given geography at the same time.</p>

<p style="text-align: justify;">For consumers, the roll-out of grid-edge technologies will enable customers to take the center stage of the electricity system. Under the right price signals and market design, customers will be able to produce their own electricity, store it and then consume it at a cheaper time or sell it back to the grid. Such a system will even allow peer-to-peer decentralized transactions.</p>
',
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			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5299',
			'image' => '20170314025326_grid.JPG',
			'article_date' => '2017-03-14 00:00:00',
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			'id' => '5513',
			'article_category_id' => '1',
			'title' => 'NB Bank Provides Accident Insurance Amount',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a che',
			'content' => '<p style="text-align:justify">March 14: Nepal Bangladesh (NB) Bank has handed over insurance amount to its account holder under accidental insurance facility. The bank handed over Rs 500,000 insurance amount to its account holder Late Suku Maya Lama. Surendra Bhusan Shrestha, Deputy General Manager of the bank handed over a cheque of Rs 500,000 to her sons Manoj Kumar Lama, Ramesh Kumar Lama and Subarna Lama.</p>

<p style="text-align:justify">The bank has been providing double of the deposit or maximum Rs 500,000 under accident insurance facility to its clients.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5298',
			'image' => '20170314023620_nb.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5512',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Supports Bagmati Clean-up Campaign',
			'sub_title' => '',
			'summary' => 'March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of  handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.',
			'content' => '<p style="text-align: justify;">March 14: Tourism Development Bank has supported Bagmati clean-up campaign by providing necessary tools for volunteers. Issuing a press statement, the bank informed of &nbsp;handing over the necessary tools on the occasion of the 200th week of 2070 Bagmati clean-up grand campaign.</p>

<p style="text-align: justify;">Mahesh Sharma Dhakal, CEO of the bank handed over boots, gloves, masks basket, tools and equipments worth Rs 100,000 for cleaning campaign to Som Lal Subedi, Secretary of Nepal Government and leader of the campaign on the presence of chief guest Gagan Thapa, Health Minister. The bank supported the campaign under its corporate social responsibility, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5297',
			'image' => '20170314020924_tourism.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5511',
			'article_category_id' => '1',
			'title' => 'CG Mobile Unveiled Astro Torch in the Market',
			'sub_title' => '',
			'summary' => 'March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement. ',
			'content' => '<p style="text-align: justify;">March 14: CG Mobile has introduced new model of handset with Astro torch under Astro series in the Nepali market. Issuing a press statement, the company informed that the new device having 3,600 mAh battery is priced at Rs 2,500 in the market. According to the company, the new handset has a torch with three LED bulbs. The new device has wireless FM, camera, MP3, MP4 and Bluetooth. It comes with two years warranty which is highest till date, reads the statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5296',
			'image' => '20170314114715_cg.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5510',
			'article_category_id' => '1',
			'title' => 'NRB Issues Foreign Employment Saving Bonds Worth Rs 250 million',
			'sub_title' => '',
			'summary' => 'March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The 'Foreign Employment Bond 2078' with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually.  ',
			'content' => '<p>March 14: : Nepal Rastra Bank (NRB) on behalf of the government is issuing foreign employment saving bonds amounted to Rs 250 million from March 15 till April 6. The &#39;Foreign Employment Bond 2078&#39; with a maturity period of 5 years is targeted at Nepalis working aboard and non-resident Nepalis. NRB is issuing the five yearly bonds with 10 per cent interest rate which will be paid semi-annually. &nbsp;</p>

<p><br />
According to the bank, the bonds can be used as collateral to obtain loan from BFIs. The bond purchasers can collect the interest by themselves or their nominees from the commercial banks, registered market makers BFIs and NRB branches outside Kathmandu valley as per their convenience.&nbsp;</p>

<p><br />
The saving bonds are floated with an objective of encouraging savings culture among Nepalis working abroad and pool their resources for country&rsquo;s development. Interested parties can apply for minimum of Rs 5000 and maximum of the amount divisible by Rs 5000. The saving bonds can be purchased by overseas migrant workers and those who returned home from foreign employment less than four months ago in the name of own-self or family members including father, mother, husband, wife, son and daughter.</p>

<p><br />
NRB has appointed 13 internal sales agents including Citizens Bank (Kamaladi), NMB (Babarmahal), Nabil (Tindhara), Durbarmarg, Machhapuchchhre (Lazimpat), Prabhu (Anamnagar), Sunrise (Gairedhara), Siddhartha (Hattisar), Sanima (Naxal), Century Commercial (Putalisadak), Prabhu Money Transfer (Lainchaur), City Express Money Transfer (Kamaladi), IME (Panipokhari), and Sewa Remit (Kuleshwor) to sell the saving bonds.</p>

<p><br />
Externally, NRB has appointed sales agents in eight different foreign employment destinations including Qatar, Malaysia, America, India, Saudi Arab, UAE, Japan, Korea, Bahrain, Australia and UK.<br />
&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5295',
			'image' => '20170314112048_nrb.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5509',
			'article_category_id' => '1',
			'title' => '9th AGM of Nepal Telecom Concludes: 51% Cash Dividend to Shareholders',
			'sub_title' => '',
			'summary' => 'March 14: Nepal Telecommunication (NT) has concluded its 9th annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.',
			'content' => '<p style="text-align:justify">March 14: Nepal Telecommunication (NT) has concluded its 9<sup>th</sup> annual general meeting on March 13. The AGM approved a proposal of distributing 51 per cent cash dividend of the approved paid-up capital from the profit earned in the FY 2072/73.</p>

<p style="text-align:justify">The company will distribute the cash dividend to its shareholders from March 14. In the meeting, Mahendra Man Gurung, Chairman of board of directors (BOD) and Secretary of Information and Communication Ministry said that the company has made significant contribution to the overall development and expansion of telecommunication sector in Nepal. &ldquo;Not only it has been able to expand its services to exciting number of customers but also been able to earn good profit,&rdquo; he said adding, &ldquo;The company is committed to achieve its target of achieving professional target and strengthening its market share through superior services and easy accessibility of services.&rdquo;</p>

<p style="text-align:justify">Saying that the gone year was exciting in terms of expansion of services, operation and financially, he informed that the company increased its revenue by 3.36 per cent to rest its net profit at Rs 13.68 billion. On the occasion, it was also informed that the company customer base also grew by 15.35 per cent compare to the previous FY.</p>

<p style="text-align:justify">Gurung said that the preparation of purchase work-plan draft including tender and purchase agreement as per the amended Public Procurement Act is in final stage. He opined that the company is expanding its services to diverse locations exceeding profitable areas. &ldquo;NT is continuously investing in rural and remote locations of the country despite of heavy investment,&rdquo; he added.</p>

<p style="text-align:justify">According to him, NT will soon conclude the issue of foreign strategic partner. The meeting appointed Subodh Kumar Karna as auditor of the NT under the recommendation of Auditors&rsquo; Committee and suggestion of Office of the Auditor General.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-14',
			'modified' => '2017-03-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5294',
			'image' => '20170314105107_nt.jpg',
			'article_date' => '2017-03-14 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5508',
			'article_category_id' => '1',
			'title' => 'Almond worth Rs 209.7 Mn exported in 7 months',
			'sub_title' => '',
			'summary' => 'March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal',
			'content' => '<p style="text-align: justify;">March 13: Nepal has imported Rs 209.7 million worth of almond in seven months of the current FY. Despite having extreme potential in producing almond in Nepal, it has been importing almond from foreign countries including USA, China, India and UAE. According to the statistics of Customs Department, Nepal imported 294,800 kgs of almond during the review period.</p>

<p style="text-align: justify;">In the year 2013, a study was conducted on technical and financial possibility of cultivating almond in Nepal. The study concluded that high mountainous region from 1,200 to 3,200 meters of various districts are suitable for its cultivation in terms of geographical structure and climate. &ldquo;The almond plantation that was done three years ago in Lwangha, Kaski is still germinating,&rdquo; said Kusum Parajuli, co-coordinator of the study group. &nbsp;</p>

<p style="text-align: justify;">Experts viewed that due to geographical structure and favorable climate, cultivation of almond is highly potential in Nepal. However, lack of professional training and government subsidy along with higher cost of almond plant has constrained expansion of its cultivation. Almond is a rich source of Vitamin E, Protein and Calcium. It is also used on various medication purposes. Since almond is highly demanded all over the world, it can be exported if it is produced in the country, opine businessmen.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5293',
			'image' => '20170313031312_almond.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5503',
			'article_category_id' => '1',
			'title' => '2.1 Mn Internet Users Increased In a Year',
			'sub_title' => '',
			'summary' => 'March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommu',
			'content' => '<p style="text-align:justify">March 13: More than 2.1 million internet users were increased in the last year in Nepal. The exponential growth in the internet users is attributed to easy internet accessibility along with expansion of various telecommunication companies and internet service providers (ISP) in the country. According to the statistics of Nepal Telecommunication Authority, internet users were 12.2 million till the end of 2015. However, by the December 2016, the number jumped to 14.3 million. Based on the data, the internet users in the country are increasing at the rate of 17.12 per cent per annum.</p>

<p style="text-align:justify">With the growth, internet accessibility has reached to 54.34 per cent of the total population. During the period, mobile service provider company, Ncell expanded internet services to maximum users of 1,081,428 followed by government owned Nepal Telecom (NT) to 948,544 users. Similarly, various ISPs added internet users by 57,594. Likewise, Smart Telecom and UTL increased their internet users by 17,370 and 133 respectively.</p>

<p style="text-align:justify">Among the total internet users of the country, 95.88 per cent totaling 13,805,917 customers use mobile internet. Apart from this, 199,764 users use CDMA EVDO and 180,063 use ADSL technology. Similarly, 123,465 use cable modem, 66,338 use wireless modem, 16,107 uses WiMAX, 6,534 use dial up and 13 use VSAT internet.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313120217_INTERNET.jpg',
			'article_date' => '2017-03-13 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5507',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue 100:15 Right Shares',
			'sub_title' => '',
			'summary' => 'March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.',
			'content' => '<p style="text-align: justify;">March 13: NIC Asia Bank is issuing 100:15 right shares to its existing shareholders. The bank will be issuing 8,729,475 right shares with the face value of Rs 100 on March 29 to close on May 2.</p>

<p style="text-align: justify;">The registered shareholders by March 19 can apply for the right shares. The bank has appointed Civil Capital as its Issue Manager. Interested shareholders can submit their share application from all the branches of NIC Asia. The paid-up capital of the bank is Rs 5.81 billion at present which will increase to Rs 6.69 billion after the right share issuance.</p>

<p style="text-align: justify;">The bank earned net profit Rs 721.4 million in the second quarter of the current FY. Similarly, its operating profit increased by 23.98 per cent to Rs 763.7 million. The bank has been able to recover Rs 328.3 million bad debt in the second quarter. The bank has EPS of Rs 24.8 and liquidity ratio of 23.1 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5292',
			'image' => '20170313022142_nic asia.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5502',
			'article_category_id' => '1',
			'title' => 'NRB Issuing Treasury Bills worth Rs 3 Bn today',
			'sub_title' => '',
			'summary' => 'March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills wor',
			'content' => '<p style="text-align:justify">March 13: Nepal Rastra Bank (NRB) is issuing Treasury bills worth Rs three billion. National Loan Management Department under the central bank is issuing the 91 days and 182 days Teasury bills in order to obtain internal debt on behalf of the government. The bank is selling 91-days Treasury bills worth Rs 2.5 billion and 182 days Treasury bills worth Rs 500 million. The bank informed that the interested parties would have to submit their sealed auction trading application by 1500 hours today. The Treasury bills will be allocated on March 14. The 91 and 182 days bills will mature on June 13 and September 12 respectively. &nbsp;</p>

<p style="text-align:justify">Previously, NRB issued Rs 2.13 billion worth 91 days Treasury bills on February 12 upon which Rs 4.79 billion amount was claimed.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313104340_nrb.jpg',
			'article_date' => '2017-03-13 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5506',
			'article_category_id' => '1',
			'title' => 'Preparation of 6th Nepal International Trade Fair 2073 Concludes',
			'sub_title' => '',
			'summary' => 'March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.',
			'content' => '<p style="text-align: justify;">March 13: The preparation of 6th Nepal International Trade Fair 2073 to be organized on March 3 by Federation of Nepal Chamber of Commerce and Industry (FNCCI) has finished. The co-organisers of the fair are Nepal Handicraft Association, Jadibuti Association of Nepal and Himali Project.</p>

<p style="text-align: justify;">The fair is being organized with a support of Trade and Exports Promotion Centre. The fair will have 340 stalls including domestic and foreign. Countries including China, India, Bangladesh, Pakistan and Thailand will be participating in the fair. China, India, Pakistan, Bangladesh and Thailand have booked 85, 10, 20, 50 and two stalls respectively for the fair, informed the organiser.</p>

<p style="text-align: justify;">The fair will have handicrafts, tourism, information technology, agricultural products, energy, construction, education, medicines and iron and steel stalls. Similarly, the fair will also include various stalls of readymade dresses, leather products, new technology and equipments, food items, furniture, fashion wear, home decor and service sectors. Likewise, the fair will showcase Nepali herbal products in 35 stalls. Moreover, 70 stalls will exhibit agricultural products of Himali Project. International Labor Organisation (ILO) have supported the fair and will provide information about employment through employment information center, the organiser informed.</p>
',
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			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5291',
			'image' => '20170313013532_internation trade fari.jpg',
			'article_date' => '2017-03-13 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5505',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank Opens Branch in Galyang',
			'sub_title' => '',
			'summary' => 'March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.',
			'content' => '<p style="text-align: justify;">March 13: Om Development Bank has opened its new branch in Galyang, Syangja. Rabindra Nath Bastola, Director of the bank inaugurated the branch amid a program. On the occasion, the bank provided scholarship to students of Bhanu Bhakta Medium School through Professor Ram Kant Pathak. Speaking in the program, Bishwo Mohan Adhikari, CEO of the bank informed about various activities of the bank.</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5290',
			'image' => '20170313010934_om.jpg',
			'article_date' => '2017-03-13 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5504',
			'article_category_id' => '1',
			'title' => 'Saurya Airlines Adds New Craft',
			'sub_title' => '',
			'summary' => 'March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.',
			'content' => '<p style="text-align: justify;">March 13: Saurya Airlines has brought a new craft to its service line. Earlier, it was conducting domestic flights with one craft only. The aircraft Bombardier CRJ-200 which is brought from America landed at Tribhuwan International Airport on March 12.</p>

<p style="text-align: justify;">According to the company, it is planning to add another aircraft to its service line within next three months. Dipak Kumar Pokharel, Chairman of the airlines said, &quot;Currently the airlines is conducting its flights to Biratnagar, Bhadrapur and Nepalgunj. Now, it will conduct its flights to Dhangadi and Bhairhawa through the new craft.&quot; As per Mukesh Khanal, Marketing Head of the company, the airlines is planning to promote and conduct market activities through travel agencies. The new craft will start its flights within a few days, inform the company.</p>

<p style="text-align: justify;">The craft is made in Canada and worth Rs 1 billion. We believe that the craft will fall under the choice of the customers as it is comfortable and fast, said Khanal. The airlines is conducting its flights since December 2014.</p>

<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-13',
			'modified' => '2017-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5289',
			'image' => '20170313010057_saurya.jpg',
			'article_date' => '2017-03-13 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5501',
			'article_category_id' => '1',
			'title' => 'Ninth GABV Conference Emphasised on Expansion of Investment in Productive Sector',
			'sub_title' => '',
			'summary' => 'March 10:  The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme 'Shifting the financial paradigm: courage to act together,' concluded on Thursday,  March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.',
			'content' => '<p style="text-align:justify">March 10:&nbsp; The ninth Global Alliance for Banking on Values (GABV) held in the capital since Tuesday with the theme &#39;Shifting the financial paradigm: courage to act together,&#39; concluded on Thursday,&nbsp; March 9 while emphasizing on expanding investment by the banks in the productive sectors for the prosperity of the country.</p>

<p style="text-align:justify">The conference which was coordinated by the NMB Bank drew conclusions for contributing by the banks for economic and social transformation while internalizing the concept of value-based banking.</p>

<p style="text-align:justify">Chief Executive Officer of NMB Bank Upendra Poudyal said the conference was focused on six principles of banking. He said the main objective of the conference was to convey a message on thinking about livelihood of the people rather than profit. The main conclusion of the conference is that banks should run their businesses on the basis of&nbsp;&nbsp; triple bottom line - people, planet and prosperity.</p>

<p style="text-align:justify">He also said the value-based banking was not taken seriously in Nepal so far.&nbsp; &quot;The Nepal Rastra Bank has directed us about expanding branches in villages, investing in productive sector and has specified the target sector, but the banks are so far focusing on quick profit only,&quot; he said.</p>

<p style="text-align:justify">He said the principles presented by the NMB Bank on value-based banking were compatible with the country.&nbsp; The bank had presented report on the success of businesses of tempo drivers, small investment in Nepali paper industries and the impact of micro hydro projects.&nbsp;</p>

<p style="text-align:justify">&nbsp;All the participants in the conference called on all the stakeholders for moving ahead in cohesion for the expansion of value -based banking to bring about improvement in the lifestyle of the local communities.</p>

<p style="text-align:justify">They also informed that their programmes were focused on uplifting the local communities and to cooperate in local entrepreneurship while conserving the environment.</p>

<p style="text-align:justify">The eighth conference of GABV headquartered in the Netherlands was held in Netherlands itself and the tenth will be held in Peru.&nbsp; The conference was the annual programme of the GABV.&nbsp; They discussed on the future leadership to move ahead value-based banking concept effectively. &nbsp;</p>

<p style="text-align:justify">Some 120 participants from 28 countries of Asia, Africa, Australia, South and North America and Europe, including ministers, central bank governors and CEOs of 43 financial institutions and board members had participated in the conference. Banking experience of each other was exchanged in the four sessions of the conference.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/value%20based%20banking.JPG" style="height:439px; width:700px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-03-10',
			'modified' => '2017-03-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5286',
			'image' => '20170310040732_gabv.jpg',
			'article_date' => '2017-03-10 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5500',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Brokers to Facilitate Internet Trading to Investors',
			'sub_title' => '',
			'summary' => 'March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors.  The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.',
			'content' => '<p>March 10: Securities Board of Nepal (SEBON) has directed share broker companies to facilitate share trading through internet to the share investors. &nbsp;The regulator gave the direction to the broker companies in a bid to make the securities trading easy, transparent, simple, fast and investment friendly.</p>

<p>According to the board, the companies should provide username and password to the investors based on the customer identity (KYC). Similarly, the broker companies should make entry of the trade order received through internet as per the time priority. Moreover, the companies should enable the investors to receive the details/information of their trading through internet.</p>

<p>The board believes that the mechanism will provide ease to the investors while trading and expand the security market.</p>

<p>&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/sebon1.jpg" style="height:486px; width:446px" /></p>
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			'published' => true,
			'created' => '2017-03-10',
			'modified' => '2017-03-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5285',
			'image' => '20170310021256_sebon.jpg',
			'article_date' => '2017-03-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	)
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