February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12…
February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation…
February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the…
February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development. Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development…
February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13th anniversary on February…
February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad.…
February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC…
February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive…
February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the…
February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and…
February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program.…
February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the…
February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other…
February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on…
February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian…
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( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5288', 'article_category_id' => '1', 'title' => 'NRB to Invest 1.57 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.', 'content' => '<p style="text-align: justify;">February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.</p> <p style="text-align: justify;">The central bank is investing Rs 1.26 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 236.9 million and Rs 78.9 million as FD in 'B' listed and 'C' listed BFIs. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p> <p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 5 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p> <p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p> <p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public.<br /> Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5089', 'image' => '20170205120113_nrb.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5287', 'article_category_id' => '1', 'title' => 'Nepal Army and NIBL honour Microfinance Entrepreneur', 'sub_title' => '', 'summary' => 'February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation le', 'content' => '<p style="text-align: justify;">February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation letter as the best entrepreneur. The duo honoured Bam in the Far-Western Former Army Conference organise by Nepal Army Welfare Board in Dhangadi. Bam uplifted her livelihood through livestock farming by taking microfinance loan from the bank. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5088', 'image' => '20170205115012_nibl.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5286', 'article_category_id' => '1', 'title' => 'Force Motors Organises Customers Meet Program in Pokhara', 'sub_title' => '', 'summary' => 'February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.', 'content' => '<p style="text-align: justify;">February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.</p> <p style="text-align: justify;">On the same occasion, Niran KC, Branch Manager of Aayam for Pokhara said that ten more buses have been booked for Bhimad Aaram Trasport. Aayam Intercontinental is the authorised distributor of light vehicles of Force brand as well. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5087', 'image' => '20170205112718_force motors.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5285', 'article_category_id' => '1', 'title' => 'Khimti-Dhalkebar 220KV Transmission Line Inaugurated', 'sub_title' => 'Electrification main base of development: PM', 'summary' => 'February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development. Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.', 'content' => '<p style="text-align: justify;">February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development.</p> <p style="text-align: justify;">Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.</p> <p style="text-align: justify;">Khimti-Dhalkebar line is the first transmission line of the country with the largest capacity of 220 KV so far. Before this, there were only 11 KV, 33 KV and 132 KV transmission lines. The construction of the Khimti-Dhalkebar 220KV double circuit transmission line was started 17 years ago and is 74 kilometers long.</p> <p style="text-align: justify;">Energy Minister Janardan Sharma informed that through Khimti-Dhalkebar transmission line, the electricity generated from different hydropower projects of the country can be transmitted in an integrated manner. “All national pride hydropower projects from now onwards will be constructed with the investment of the people of the concerned provinces,” he added.</p> <p style="text-align: justify;">Kulman Ghising, Managing Director of Nepal Electricity Authority (NEA), informed that the project was completed with an investment of Rs 213.2 million. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5086', 'image' => '20170203044255_khimti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5284', 'article_category_id' => '1', 'title' => 'NT Supports Hospitals on the Occasion of Anniversary', 'sub_title' => '', 'summary' => 'February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13th anniversary on February 2.', 'content' => '<p style="text-align: justify;">February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13<sup>th</sup> anniversary on February 2.</p> <p style="text-align: justify;">On the occasion, NT provided 15 special wheelchairs to Spinal Injury Rehabilitation Centre in Sanga, Kavre. Similarly, the company provided 150 units and 100 units of blankets for infants to Maternity Hospital and Patan Hospital respectively. Moreover, it also handed over 100 blankets each and one mobile charging station each to Bir Hospital and Shahid Gangalal Heart Centre, informed the company in a press statement.</p> <p style="text-align: justify;">Kamini Rajbhandari, Managing Director along with Deputy Managing Director, Director and other senior Officers handed over the materials to the hospitals. "NT distributed the materials to the hospitals as per the corporate social responsibility of the company," said Rajbhandari. The NT is celebrating its anniversary by organising various programs on February 4. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5085', 'image' => '20170203012708_nt.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5283', 'article_category_id' => '1', 'title' => 'OTTO Launched in Nepal with Flagship Model OTTO Mark', 'sub_title' => '', 'summary' => 'February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. ', 'content' => '<p style="text-align: justify;">February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. </p> <p style="text-align: justify;"><br /> According to the statement, the OTTO MARK is designed in Singapore which comes with a cinematic 6 inch wide and 2.5D curved HD IPS Display. It has full metal back panel and thin bezels. Besides, it has a 3GB RAM and 32GB internal memory, expandable up to 128GB. The camera offers 13MP Auto-focus on the rear and 8MP in front. It has fast charging 3845mAh battery. The OTTO MARK is powered by Mediatek MT6735, 64 bit Quad-core processor and is integrated with Android Marshmallow 6.0 system. It adapts Dual SIM, Dual Stand-by modes and supports 4G LTE, 3G WCDMA, and GSM networks. </p> <p style="text-align: justify;"><br /> "The OTTO MARK also offers 360 degree fast finger recognition on the rear and dedicated hardware Gyroscope sensor which enhances user experience in gaming and virtual reality applications. Furthermore, it has special control networking system which enables users to restrict usage of data by unwanted applications. It also has FOTA (Firmware Over-The-Air) where users can update their handset firmware over the carrier network," reads the statement. </p> <p style="text-align: justify;"><br /> The company said that the smartphone has been priced at Rs 19,996 in the Nepali market. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/otto.jpg" style="height:533px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5084', 'image' => '20170203010503_otto 2.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5282', 'article_category_id' => '1', 'title' => 'NAC New Aircraft 'Gauthali' Lands In Kathmandu on Feb 1', 'sub_title' => '', 'summary' => 'February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC ', 'content' => '<p style="text-align: justify;">February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC received its second aircraft as a part of an aircraft deal between Nepal and China, informed NAC.</p> <p style="text-align: justify;">According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. The aircraft will make a flight to rural mountainous areas of Nepal.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5083', 'image' => '20170203124147_nac.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5281', 'article_category_id' => '1', 'title' => 'Khatiwada Wins Mahindra Festive Offer', 'sub_title' => '', 'summary' => 'February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.', 'content' => '<p style="text-align: justify;">February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.</p> <p style="text-align: justify;">Agni Moto Inc provided Rs 500,000 cash prize to Hari Khatiwada under the scheme. Khatiwada had bought Mahindra scooter from Sai Automobile Plaza, Jhapa. He won the prize through scratch card offer under the scheme. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5082', 'image' => '20170203114850_mahindra.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5280', 'article_category_id' => '1', 'title' => 'New Offer of Lalitpur Mobile Expo', 'sub_title' => '', 'summary' => 'February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.', 'content' => '<p style="text-align: justify;">February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.</p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5081', 'image' => '20170203113817_mobile expo.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - 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 "" [APP/View/Elements/side_bar.ctp, line 60]file not found!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( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5288', 'article_category_id' => '1', 'title' => 'NRB to Invest 1.57 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.', 'content' => '<p style="text-align: justify;">February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.</p> <p style="text-align: justify;">The central bank is investing Rs 1.26 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 236.9 million and Rs 78.9 million as FD in 'B' listed and 'C' listed BFIs. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p> <p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 5 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p> <p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p> <p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public.<br /> Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5089', 'image' => '20170205120113_nrb.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5287', 'article_category_id' => '1', 'title' => 'Nepal Army and NIBL honour Microfinance Entrepreneur', 'sub_title' => '', 'summary' => 'February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation le', 'content' => '<p style="text-align: justify;">February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation letter as the best entrepreneur. The duo honoured Bam in the Far-Western Former Army Conference organise by Nepal Army Welfare Board in Dhangadi. Bam uplifted her livelihood through livestock farming by taking microfinance loan from the bank. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5088', 'image' => '20170205115012_nibl.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5286', 'article_category_id' => '1', 'title' => 'Force Motors Organises Customers Meet Program in Pokhara', 'sub_title' => '', 'summary' => 'February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.', 'content' => '<p style="text-align: justify;">February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.</p> <p style="text-align: justify;">On the same occasion, Niran KC, Branch Manager of Aayam for Pokhara said that ten more buses have been booked for Bhimad Aaram Trasport. Aayam Intercontinental is the authorised distributor of light vehicles of Force brand as well. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5087', 'image' => '20170205112718_force motors.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5285', 'article_category_id' => '1', 'title' => 'Khimti-Dhalkebar 220KV Transmission Line Inaugurated', 'sub_title' => 'Electrification main base of development: PM', 'summary' => 'February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development. Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.', 'content' => '<p style="text-align: justify;">February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development.</p> <p style="text-align: justify;">Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.</p> <p style="text-align: justify;">Khimti-Dhalkebar line is the first transmission line of the country with the largest capacity of 220 KV so far. Before this, there were only 11 KV, 33 KV and 132 KV transmission lines. The construction of the Khimti-Dhalkebar 220KV double circuit transmission line was started 17 years ago and is 74 kilometers long.</p> <p style="text-align: justify;">Energy Minister Janardan Sharma informed that through Khimti-Dhalkebar transmission line, the electricity generated from different hydropower projects of the country can be transmitted in an integrated manner. “All national pride hydropower projects from now onwards will be constructed with the investment of the people of the concerned provinces,” he added.</p> <p style="text-align: justify;">Kulman Ghising, Managing Director of Nepal Electricity Authority (NEA), informed that the project was completed with an investment of Rs 213.2 million. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5086', 'image' => '20170203044255_khimti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5284', 'article_category_id' => '1', 'title' => 'NT Supports Hospitals on the Occasion of Anniversary', 'sub_title' => '', 'summary' => 'February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13th anniversary on February 2.', 'content' => '<p style="text-align: justify;">February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13<sup>th</sup> anniversary on February 2.</p> <p style="text-align: justify;">On the occasion, NT provided 15 special wheelchairs to Spinal Injury Rehabilitation Centre in Sanga, Kavre. Similarly, the company provided 150 units and 100 units of blankets for infants to Maternity Hospital and Patan Hospital respectively. Moreover, it also handed over 100 blankets each and one mobile charging station each to Bir Hospital and Shahid Gangalal Heart Centre, informed the company in a press statement.</p> <p style="text-align: justify;">Kamini Rajbhandari, Managing Director along with Deputy Managing Director, Director and other senior Officers handed over the materials to the hospitals. "NT distributed the materials to the hospitals as per the corporate social responsibility of the company," said Rajbhandari. The NT is celebrating its anniversary by organising various programs on February 4. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5085', 'image' => '20170203012708_nt.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5283', 'article_category_id' => '1', 'title' => 'OTTO Launched in Nepal with Flagship Model OTTO Mark', 'sub_title' => '', 'summary' => 'February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. ', 'content' => '<p style="text-align: justify;">February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. </p> <p style="text-align: justify;"><br /> According to the statement, the OTTO MARK is designed in Singapore which comes with a cinematic 6 inch wide and 2.5D curved HD IPS Display. It has full metal back panel and thin bezels. Besides, it has a 3GB RAM and 32GB internal memory, expandable up to 128GB. The camera offers 13MP Auto-focus on the rear and 8MP in front. It has fast charging 3845mAh battery. The OTTO MARK is powered by Mediatek MT6735, 64 bit Quad-core processor and is integrated with Android Marshmallow 6.0 system. It adapts Dual SIM, Dual Stand-by modes and supports 4G LTE, 3G WCDMA, and GSM networks. </p> <p style="text-align: justify;"><br /> "The OTTO MARK also offers 360 degree fast finger recognition on the rear and dedicated hardware Gyroscope sensor which enhances user experience in gaming and virtual reality applications. Furthermore, it has special control networking system which enables users to restrict usage of data by unwanted applications. It also has FOTA (Firmware Over-The-Air) where users can update their handset firmware over the carrier network," reads the statement. </p> <p style="text-align: justify;"><br /> The company said that the smartphone has been priced at Rs 19,996 in the Nepali market. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/otto.jpg" style="height:533px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5084', 'image' => '20170203010503_otto 2.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5282', 'article_category_id' => '1', 'title' => 'NAC New Aircraft 'Gauthali' Lands In Kathmandu on Feb 1', 'sub_title' => '', 'summary' => 'February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC ', 'content' => '<p style="text-align: justify;">February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC received its second aircraft as a part of an aircraft deal between Nepal and China, informed NAC.</p> <p style="text-align: justify;">According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. The aircraft will make a flight to rural mountainous areas of Nepal.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5083', 'image' => '20170203124147_nac.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5281', 'article_category_id' => '1', 'title' => 'Khatiwada Wins Mahindra Festive Offer', 'sub_title' => '', 'summary' => 'February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.', 'content' => '<p style="text-align: justify;">February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.</p> <p style="text-align: justify;">Agni Moto Inc provided Rs 500,000 cash prize to Hari Khatiwada under the scheme. Khatiwada had bought Mahindra scooter from Sai Automobile Plaza, Jhapa. He won the prize through scratch card offer under the scheme. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5082', 'image' => '20170203114850_mahindra.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5280', 'article_category_id' => '1', 'title' => 'New Offer of Lalitpur Mobile Expo', 'sub_title' => '', 'summary' => 'February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.', 'content' => '<p style="text-align: justify;">February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.</p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5081', 'image' => '20170203113817_mobile expo.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 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
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5288', 'article_category_id' => '1', 'title' => 'NRB to Invest 1.57 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.', 'content' => '<p style="text-align: justify;">February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.</p> <p style="text-align: justify;">The central bank is investing Rs 1.26 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 236.9 million and Rs 78.9 million as FD in 'B' listed and 'C' listed BFIs. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p> <p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 5 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p> <p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p> <p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public.<br /> Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5089', 'image' => '20170205120113_nrb.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5287', 'article_category_id' => '1', 'title' => 'Nepal Army and NIBL honour Microfinance Entrepreneur', 'sub_title' => '', 'summary' => 'February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation le', 'content' => '<p style="text-align: justify;">February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation letter as the best entrepreneur. The duo honoured Bam in the Far-Western Former Army Conference organise by Nepal Army Welfare Board in Dhangadi. Bam uplifted her livelihood through livestock farming by taking microfinance loan from the bank. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5088', 'image' => '20170205115012_nibl.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5286', 'article_category_id' => '1', 'title' => 'Force Motors Organises Customers Meet Program in Pokhara', 'sub_title' => '', 'summary' => 'February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.', 'content' => '<p style="text-align: justify;">February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.</p> <p style="text-align: justify;">On the same occasion, Niran KC, Branch Manager of Aayam for Pokhara said that ten more buses have been booked for Bhimad Aaram Trasport. Aayam Intercontinental is the authorised distributor of light vehicles of Force brand as well. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5087', 'image' => '20170205112718_force motors.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5285', 'article_category_id' => '1', 'title' => 'Khimti-Dhalkebar 220KV Transmission Line Inaugurated', 'sub_title' => 'Electrification main base of development: PM', 'summary' => 'February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development. Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.', 'content' => '<p style="text-align: justify;">February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development.</p> <p style="text-align: justify;">Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.</p> <p style="text-align: justify;">Khimti-Dhalkebar line is the first transmission line of the country with the largest capacity of 220 KV so far. Before this, there were only 11 KV, 33 KV and 132 KV transmission lines. The construction of the Khimti-Dhalkebar 220KV double circuit transmission line was started 17 years ago and is 74 kilometers long.</p> <p style="text-align: justify;">Energy Minister Janardan Sharma informed that through Khimti-Dhalkebar transmission line, the electricity generated from different hydropower projects of the country can be transmitted in an integrated manner. “All national pride hydropower projects from now onwards will be constructed with the investment of the people of the concerned provinces,” he added.</p> <p style="text-align: justify;">Kulman Ghising, Managing Director of Nepal Electricity Authority (NEA), informed that the project was completed with an investment of Rs 213.2 million. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5086', 'image' => '20170203044255_khimti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5284', 'article_category_id' => '1', 'title' => 'NT Supports Hospitals on the Occasion of Anniversary', 'sub_title' => '', 'summary' => 'February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13th anniversary on February 2.', 'content' => '<p style="text-align: justify;">February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13<sup>th</sup> anniversary on February 2.</p> <p style="text-align: justify;">On the occasion, NT provided 15 special wheelchairs to Spinal Injury Rehabilitation Centre in Sanga, Kavre. Similarly, the company provided 150 units and 100 units of blankets for infants to Maternity Hospital and Patan Hospital respectively. Moreover, it also handed over 100 blankets each and one mobile charging station each to Bir Hospital and Shahid Gangalal Heart Centre, informed the company in a press statement.</p> <p style="text-align: justify;">Kamini Rajbhandari, Managing Director along with Deputy Managing Director, Director and other senior Officers handed over the materials to the hospitals. "NT distributed the materials to the hospitals as per the corporate social responsibility of the company," said Rajbhandari. The NT is celebrating its anniversary by organising various programs on February 4. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5085', 'image' => '20170203012708_nt.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5283', 'article_category_id' => '1', 'title' => 'OTTO Launched in Nepal with Flagship Model OTTO Mark', 'sub_title' => '', 'summary' => 'February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. ', 'content' => '<p style="text-align: justify;">February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. </p> <p style="text-align: justify;"><br /> According to the statement, the OTTO MARK is designed in Singapore which comes with a cinematic 6 inch wide and 2.5D curved HD IPS Display. It has full metal back panel and thin bezels. Besides, it has a 3GB RAM and 32GB internal memory, expandable up to 128GB. The camera offers 13MP Auto-focus on the rear and 8MP in front. It has fast charging 3845mAh battery. The OTTO MARK is powered by Mediatek MT6735, 64 bit Quad-core processor and is integrated with Android Marshmallow 6.0 system. It adapts Dual SIM, Dual Stand-by modes and supports 4G LTE, 3G WCDMA, and GSM networks. </p> <p style="text-align: justify;"><br /> "The OTTO MARK also offers 360 degree fast finger recognition on the rear and dedicated hardware Gyroscope sensor which enhances user experience in gaming and virtual reality applications. Furthermore, it has special control networking system which enables users to restrict usage of data by unwanted applications. It also has FOTA (Firmware Over-The-Air) where users can update their handset firmware over the carrier network," reads the statement. </p> <p style="text-align: justify;"><br /> The company said that the smartphone has been priced at Rs 19,996 in the Nepali market. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/otto.jpg" style="height:533px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5084', 'image' => '20170203010503_otto 2.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5282', 'article_category_id' => '1', 'title' => 'NAC New Aircraft 'Gauthali' Lands In Kathmandu on Feb 1', 'sub_title' => '', 'summary' => 'February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC ', 'content' => '<p style="text-align: justify;">February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC received its second aircraft as a part of an aircraft deal between Nepal and China, informed NAC.</p> <p style="text-align: justify;">According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. The aircraft will make a flight to rural mountainous areas of Nepal.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5083', 'image' => '20170203124147_nac.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5281', 'article_category_id' => '1', 'title' => 'Khatiwada Wins Mahindra Festive Offer', 'sub_title' => '', 'summary' => 'February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.', 'content' => '<p style="text-align: justify;">February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.</p> <p style="text-align: justify;">Agni Moto Inc provided Rs 500,000 cash prize to Hari Khatiwada under the scheme. Khatiwada had bought Mahindra scooter from Sai Automobile Plaza, Jhapa. He won the prize through scratch card offer under the scheme. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5082', 'image' => '20170203114850_mahindra.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5280', 'article_category_id' => '1', 'title' => 'New Offer of Lalitpur Mobile Expo', 'sub_title' => '', 'summary' => 'February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.', 'content' => '<p style="text-align: justify;">February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.</p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5081', 'image' => '20170203113817_mobile expo.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.', 'content' => '<p style="text-align: justify;">February 5: Nepal Rastra Bank (NRB) is investing Rs 1.57 billion on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from February 12 2017 to February 12 2018.</p> <p style="text-align: justify;">The central bank is investing Rs 1.26 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 236.9 million and Rs 78.9 million as FD in 'B' listed and 'C' listed BFIs. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p> <p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 5 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p> <p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p> <p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public.<br /> Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5089', 'image' => '20170205120113_nrb.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5287', 'article_category_id' => '1', 'title' => 'Nepal Army and NIBL honour Microfinance Entrepreneur', 'sub_title' => '', 'summary' => 'February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation le', 'content' => '<p style="text-align: justify;">February 5: The best entrepreneur associated with the microfinance program jointly operated by Nepal Army Welfare Board and Nepal Investment Bank has been honoured. General Rajendra Khatri, Chief of the Army Staff, Nepalese Army and Jyoti Prakash Pandey, CEO of NIBL jointly honoured Janaki Devi Bam with a silver coin and appreciation letter as the best entrepreneur. The duo honoured Bam in the Far-Western Former Army Conference organise by Nepal Army Welfare Board in Dhangadi. Bam uplifted her livelihood through livestock farming by taking microfinance loan from the bank. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5088', 'image' => '20170205115012_nibl.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5286', 'article_category_id' => '1', 'title' => 'Force Motors Organises Customers Meet Program in Pokhara', 'sub_title' => '', 'summary' => 'February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.', 'content' => '<p style="text-align: justify;">February 5: Aayam Intercontinental, the authorised distributor of Force Motors for Nepal has organised a meet program in Pokhara. On the occasion, customers were handed over keys of Force passenger bus. The keys of 'Traveller 13' a 13 seated bus of Force brand were handed over to its purchaser Gobinda Ranabhat and Bhuwan Poudel. Dhurba Bahadur Thapa, Chairman of Aayam and Sunil, Assistant Marketing Manager of Force Motors India handed over the keys to the purchasers.</p> <p style="text-align: justify;">On the same occasion, Niran KC, Branch Manager of Aayam for Pokhara said that ten more buses have been booked for Bhimad Aaram Trasport. Aayam Intercontinental is the authorised distributor of light vehicles of Force brand as well. </p> ', 'published' => true, 'created' => '2017-02-05', 'modified' => '2017-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '5087', 'image' => '20170205112718_force motors.jpg', 'article_date' => '2017-02-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5285', 'article_category_id' => '1', 'title' => 'Khimti-Dhalkebar 220KV Transmission Line Inaugurated', 'sub_title' => 'Electrification main base of development: PM', 'summary' => 'February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development. Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.', 'content' => '<p style="text-align: justify;">February 3: Prime Minister Pushpa Kamal Dahal has said that electricity is the main foundation of Nepal’s development.</p> <p style="text-align: justify;">Inaugurating the 220 KV Khimti-Dhalkebar transmission line on February 2, Prime Minister Dahal said that vested interests have obstructed the pace of construction of the development projects.</p> <p style="text-align: justify;">Khimti-Dhalkebar line is the first transmission line of the country with the largest capacity of 220 KV so far. Before this, there were only 11 KV, 33 KV and 132 KV transmission lines. The construction of the Khimti-Dhalkebar 220KV double circuit transmission line was started 17 years ago and is 74 kilometers long.</p> <p style="text-align: justify;">Energy Minister Janardan Sharma informed that through Khimti-Dhalkebar transmission line, the electricity generated from different hydropower projects of the country can be transmitted in an integrated manner. “All national pride hydropower projects from now onwards will be constructed with the investment of the people of the concerned provinces,” he added.</p> <p style="text-align: justify;">Kulman Ghising, Managing Director of Nepal Electricity Authority (NEA), informed that the project was completed with an investment of Rs 213.2 million. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5086', 'image' => '20170203044255_khimti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5284', 'article_category_id' => '1', 'title' => 'NT Supports Hospitals on the Occasion of Anniversary', 'sub_title' => '', 'summary' => 'February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13th anniversary on February 2.', 'content' => '<p style="text-align: justify;">February 3: Nepal Telecom (NT) has provided its support to various hospitals on the occasion of its 13<sup>th</sup> anniversary on February 2.</p> <p style="text-align: justify;">On the occasion, NT provided 15 special wheelchairs to Spinal Injury Rehabilitation Centre in Sanga, Kavre. Similarly, the company provided 150 units and 100 units of blankets for infants to Maternity Hospital and Patan Hospital respectively. Moreover, it also handed over 100 blankets each and one mobile charging station each to Bir Hospital and Shahid Gangalal Heart Centre, informed the company in a press statement.</p> <p style="text-align: justify;">Kamini Rajbhandari, Managing Director along with Deputy Managing Director, Director and other senior Officers handed over the materials to the hospitals. "NT distributed the materials to the hospitals as per the corporate social responsibility of the company," said Rajbhandari. The NT is celebrating its anniversary by organising various programs on February 4. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5085', 'image' => '20170203012708_nt.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5283', 'article_category_id' => '1', 'title' => 'OTTO Launched in Nepal with Flagship Model OTTO Mark', 'sub_title' => '', 'summary' => 'February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. ', 'content' => '<p style="text-align: justify;">February 3: A new smartphone 'OTTO Mark' has entered the Nepali market. Digital Electronics, the authorized distributor of OTTO brand for Nepal unveiled the brand. Issuing a press statement, the company informed that the brand was launched by artists of LOOT-2, Haku (Actor Saugat Malla) and Gofle (Actor Dahayang Rai) along with the representatives from the distributor in Nepal, Jaima Intercontinental Pvt. Ltd. (JIPL) amid a function in Tamrakar Complex, Newroad. </p> <p style="text-align: justify;"><br /> According to the statement, the OTTO MARK is designed in Singapore which comes with a cinematic 6 inch wide and 2.5D curved HD IPS Display. It has full metal back panel and thin bezels. Besides, it has a 3GB RAM and 32GB internal memory, expandable up to 128GB. The camera offers 13MP Auto-focus on the rear and 8MP in front. It has fast charging 3845mAh battery. The OTTO MARK is powered by Mediatek MT6735, 64 bit Quad-core processor and is integrated with Android Marshmallow 6.0 system. It adapts Dual SIM, Dual Stand-by modes and supports 4G LTE, 3G WCDMA, and GSM networks. </p> <p style="text-align: justify;"><br /> "The OTTO MARK also offers 360 degree fast finger recognition on the rear and dedicated hardware Gyroscope sensor which enhances user experience in gaming and virtual reality applications. Furthermore, it has special control networking system which enables users to restrict usage of data by unwanted applications. It also has FOTA (Firmware Over-The-Air) where users can update their handset firmware over the carrier network," reads the statement. </p> <p style="text-align: justify;"><br /> The company said that the smartphone has been priced at Rs 19,996 in the Nepali market. </p> <p style="text-align: justify;"><img alt="" src="/userfiles/images/otto.jpg" style="height:533px; width:800px" /></p> <p> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5084', 'image' => '20170203010503_otto 2.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5282', 'article_category_id' => '1', 'title' => 'NAC New Aircraft 'Gauthali' Lands In Kathmandu on Feb 1', 'sub_title' => '', 'summary' => 'February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC ', 'content' => '<p style="text-align: justify;">February 3: Nepal Airlines Corporation (NAC) has added a new aircraft Y-12e to its fleet. The 17-seater plane named 'Gauthali' landed in Kathmandu on Wednesday, February 1. Earlier, MA 60, an aircraft among four being imported from China arrived Kathmandu on January 26. With the arrival of the aircraft, NAC received its second aircraft as a part of an aircraft deal between Nepal and China, informed NAC.</p> <p style="text-align: justify;">According to the agreement carried out between Ministry of Civil Aviation and Chinese manufacturer, the aircraft manufacturer shall provide maintenance and spare parts services in Nepal upon any technical difficulties in the aircrafts. The ministry has also finalised insurance amount related issues with the Chinese counterparts. The aircraft will make a flight to rural mountainous areas of Nepal.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5083', 'image' => '20170203124147_nac.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5281', 'article_category_id' => '1', 'title' => 'Khatiwada Wins Mahindra Festive Offer', 'sub_title' => '', 'summary' => 'February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.', 'content' => '<p style="text-align: justify;">February 3: Mahindra two-wheelers has announced the winner of its festive offer 'Mahindra ma Yespali, Lakhpati Banaun Due Tali'. Agni Moto Inc, the authorised distributor of Mahindra for Nepal announced the winner of scheme launched during Dashain-Tihar festive season.</p> <p style="text-align: justify;">Agni Moto Inc provided Rs 500,000 cash prize to Hari Khatiwada under the scheme. Khatiwada had bought Mahindra scooter from Sai Automobile Plaza, Jhapa. He won the prize through scratch card offer under the scheme. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5082', 'image' => '20170203114850_mahindra.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5280', 'article_category_id' => '1', 'title' => 'New Offer of Lalitpur Mobile Expo', 'sub_title' => '', 'summary' => 'February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.', 'content' => '<p style="text-align: justify;">February 3: 'Lalitpur Mobile Expo 2017' which is being organised in Mobile Complex, Lagankhel from January 27 has launched a new offer for the expo period. The organiser launched 'Bring 3G Smartphone, Get 4G Smartphone' throughout the expo period. "Under the offer, customers can bring their 3G smartphone and exchange with 4G smartphone during the expo," informed the organiser.</p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5081', 'image' => '20170203113817_mobile expo.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
