
January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali…
January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali…
January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and…
January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department.…
January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14…
January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market…
January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January…
January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders…
January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing…
January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the…
January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions.…
January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end…
January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless…
January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the…
January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter…
January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility.…
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$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' => '5075', 'article_category_id' => '1', 'title' => 'InFocus M680 Enters Nepali Market', 'sub_title' => '', 'summary' => 'January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.', 'content' => '<p style="text-align: justify;">January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.</p> <p style="text-align: justify;">The phone that comes with a 5.50 inch full HD display is powered by 1.3 GHz quad-core processor. The phone comes with 2 GB RAM and 16GB ROM. The phone packs 16GB of internal storage that can be expanded up to 64GB via a microSD card. It has a 13 megapixel rear and front camera.</p> <p style="text-align: justify;">According to the company, the phone also supports 4G SIM. The InFocus M680 runs Android 6.0 operating system and is powered by a 2600mAh battery. The phone is priced Rs 19,990 in the Nepali market.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4880', 'image' => '20170105113536_infocus.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5074', 'article_category_id' => '1', 'title' => 'Ford Endeavour Bags Full-Size SUV of the Year Award ', 'sub_title' => '', 'summary' => 'January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.', 'content' => '<p style="text-align: justify;">January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.</p> <p style="text-align: justify;"><br /> According to the statement, the new generation Endeavour SUV is based on Ford's T6 platform. The front-end sports a massive chrome grille with projector head-lamps and DRLs giving it that signature American SUV look. The bold bumper design comprises a very prominent silver skid plate that extends to house the LED fog-lamps as well. The flared wheel arches are wide and high to accommodate those massive 18-inch alloy wheels shod in 265/60 all-terrain tyres. </p> <p style="text-align: justify;"><br /> "The SUV also comes with a well-equipped cabin featuring bucket-seats at the front, LED lamps, multi-information display, remote key entry, one-touch power rain sensing wiper, dual-zone AC-automatic climate control, cruise control, power folding 3rd-row seat, terrain management system, and more," reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4879', 'image' => '20170105111206_ford.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5073', 'article_category_id' => '1', 'title' => 'Jagdamba Bags Best Industry 2073 Award', 'sub_title' => '', 'summary' => 'January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department. ', 'content' => '<p style="text-align:justify">January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC and PPC cements from its two industries -- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Subha Shree Jagadamba Cement Mills was awarded NS Quality Award twice in the past by Nepal Quality and Measurement Department. </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4878', 'image' => '20170105104709_jagadamba.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5072', 'article_category_id' => '1', 'title' => 'NRB to Invest 2.28 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.', 'content' => '<p style="text-align: justify;">January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.</p> <p style="text-align: justify;">The central bank is investing Rs 1.83 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 343.1 million and Rs 114.3 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 December 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.</p> <p style="text-align: justify;">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> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4877', 'image' => '20170105102901_nrb.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5071', 'article_category_id' => '1', 'title' => 'Govt to Establish Industrial Research Centre', 'sub_title' => '', 'summary' => 'January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.', 'content' => '<p style="text-align: justify;">January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.</p> <p style="text-align: justify;">According to the ministry, the required modality has been prepared for the research centre. As per the modality, the proposed centre will be operated with the engagement the private sector. Speaking in a regular press briefing on January 3 at the ministry, Industry Minister Nabindra Raj Joshi said that the centre will help Nepali and foreign investors to identify investment potentials in various sectors. The proposed Industrial Research Center will have information centers in all seven states and 75 districts of the country in order to facilitate large industries.</p> <p style="text-align: justify;"><strong> Licenses of inactive mines to be cancelled</strong></p> <p style="text-align: justify;">Joshi also informed that the ministry is in a process to improve laws related to mining. According to him, the ministry is preparing to cancel the licenses of inactive mines. "Permission will be only given to those who can optimally utilise mines,” he said, adding, "Permission should be given as per the technical abilities of the operators to operate mines." According to him, a draft of National Mineral Policy has also been prepared for the utilization of mine areas.</p> <p style="text-align: justify;"><strong>Special Economic Zone in seven states</strong></p> <p style="text-align: justify;">The government has started preparations to construct Special Economic Zones (SEZs) in all seven states of the country. The proposed SEZs will be established in Biratnagar of Province Number One, Simara of Province Number Two, Panchkhal of Province Number Three, Gorakha of Province Number Four, Bhairawaha of Province Number Five, Jumla of Province Number Six and Dhanghadi of Province Number Seven. According to Joshi, the construction works of three SEZ has already started. Among them, Bhairahawa SEZ has already done agreement with 21 industries and it is in the last stage to start its operation. Joshi informed that the works for Simara SEZ is also going rapidly. The government also has plans to move ahead with the construction works of Industrial Development Estates. He informed that proposal for construction of some industrial estates will be presented to the council of ministers for approval.</p> <p style="text-align: justify;"><strong>Political Commitment for Economic Development</strong></p> <p style="text-align: justify;">Minister Joshi said that the International Investors Conference which is scheduled for March 2 and March 3 will give a positive message about the investment environment in Nepal to foreign investors. The ministry is preparing to receive commitment from political parties for economic development in order to assure the international investors regarding the security of investments in the country.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4876', 'image' => '20170104032045_MoE.JPG', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5070', 'article_category_id' => '1', 'title' => 'Mobile App for Passport Form Submission', 'sub_title' => '', 'summary' => 'January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.', 'content' => '<p style="text-align: justify;">January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.</p> <p style="text-align: justify;">Service seekers, apart from paying fees, submitting photo and finger code and authentication of the citizenship, can fulfil all other process from the mobile app. The aforementioned tasks need to be fulfilled physically by the service seekers in the DoP. The service seekers need to download the app from play store, download the application form and fill out the required personal details and submit to the DoP. While submitting, the app generates a barcode which the service seekers can save in their mobile phone or take its print out. Then the service seeker needs to visit the DoP to carry out final processing of the passport application.</p> <p style="text-align: justify;">In the first phase, the facility will be available in Doha, Riyadh, Hong Kong, Kuala Lumpur, Abu Dhabi, London , Washington DC and New York. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4875', 'image' => '20170104021707_pp.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5069', 'article_category_id' => '1', 'title' => 'Newroad Mobile Expo Concludes with Rs 230 mn Transactions', 'sub_title' => '', 'summary' => 'January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.', 'content' => '<p style="text-align: justify;">January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.</p> <p style="text-align: justify;">According to the organisers, 4G compatible smart phones were the most sought phones in the expo. "Since the recent introduction of 4G service in Nepal from Sunday, people were keen to know and purchase 4G phones," informed Basnet.</p> <p style="text-align: justify;">The expo witnessed the participation of the entire existing mobile brands in Nepal along with new brands like Zopo and Leagoo. Companies had offered free gift hampers and special discounts with most of the purchases. During the expo, mobile network operator Ncell offered an Ncell sim along with 100MB data with every purchase of any smart phone. "This expo was a historic success," says Basnet, adding," We plan to come up with different gift hampers to the customers in the coming days."<br /> <br /> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4874', 'image' => '20170104125516_mobile expo.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5068', 'article_category_id' => '1', 'title' => 'Establish Industry, I will provide Electricity: Energy Minister', 'sub_title' => '', 'summary' => 'January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing ene', 'content' => '<p style="text-align: justify;">January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing energy from under-developed hydro projects of that time or from other sources as well," he added. Minister Sharma clarified of being ready to provide 1000 MW of electricity if only industrialists come with plans of establishing industries.</p> <p style="text-align: justify;">Meanwhile, Kush Kumar Joshi, Former President of FNCCI criticised Nepal Electricity Authority for favouring international companies while purchasing electrical equipments. According to him, NEA always invites international bidding to purchase electrical equipments and do not prioritise domestic products. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4873', 'image' => '20170104124818_energy minister.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5067', 'article_category_id' => '1', 'title' => 'Vibor Society Bags 'Best Enterprise' Award', 'sub_title' => '', 'summary' => 'January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.', 'content' => '<p style="text-align: justify;">January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.</p> <p style="text-align: justify;">Moreover, Jhalak Prasad Khanal, CEO of the bank was provided 'Manager of the year' award by the ceremony. According to the bank, the award was given for contribution made by the bank to increase financial accessibility to general public through efficient management. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4872', 'image' => '20170104112646_vibor.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5066', 'article_category_id' => '1', 'title' => 'Siddhartha and Himalayan in Bancassurance Pact', 'sub_title' => '', 'summary' => 'January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. ', 'content' => '<p style="text-align: justify;">January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4871', 'image' => '20170104105609_siddharha.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5065', 'article_category_id' => '1', 'title' => 'NEA in PPA Deals with Micro Hydropower Projects', 'sub_title' => '', 'summary' => 'January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.', 'content' => '<p style="text-align:justify">January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.</p> <p style="text-align:justify">According to Nawaraj Dhakal, Director of Alternative Energy Promotion Centre (AEPC), NEA conducted PPA with three micro hydropower projects with less than 100KW capacity. "A MoU has also been signed between NEA and AEPC to add 10 more projects with capacity of more than 100KW to national transmission line," Dhakal added, saying, "The step of NEA connecting the national transmission line to the area will increase the utilization of micro hydropower projects."</p> <p style="text-align:justify">Such projects which were operated for rural electrification were consecutively closed due to the access of central transmission power. AEPC which is under the Ministry of Population and Environment has vowed to help Energy Ministry to end power cut.</p> <p style="text-align:justify"><strong>Grid Connected Solar </strong></p> <p style="text-align:justify">The demand of solar technology for domestic use has gone down due to end of power cuts in Kathmandu Valley and minimisation of power cuts all over the country. However, the solar technology for street lights has increased compared to earlier. "The concept of grid connected solar is being put forward with a target to fulfill the growing demand of electricity," Dhakal said. "Its initial use will be done by installing solar panel on the terrace of offices inside Singhadurbar and the produced electricity will be connected to grid and distributed in the related offices." Though the plan was formulated two years ago, it has not been implemented till date.</p> <p style="text-align:justify">The 18KW solar mini grid which was installed in Tanahun, Baidi VDC-2, Dubung one year ago is still in operation. The project was developed with the total cost of 15.49 million in which Rs 13.39 million was invested by AEPC, IPAD and UNSCAP and Rs 2.1 million by Saral Urja Nepal. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4870', 'image' => '20170103033634_micro hydro.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5064', 'article_category_id' => '1', 'title' => 'ISPs Stepping Back from Wireless Services', 'sub_title' => '', 'summary' => 'January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.', 'content' => '<p style="text-align: justify;">January 3:<strong> </strong>Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.</p> <p style="text-align: justify;">Many services provided by the ISPs used to be based on wireless service till two years ago. 60 percent of internet services in the country were based on wireless technology till October 2015 while the remaining were dial-up and cable based. However, in the recent time, ISPs are focused on providing cable internet services compared to wireless.</p> <p style="text-align: justify;">According to statistics of Nepal Telecommunications Authority (NTA) published in August/September, the share of wireless internet has reduced to around 30 percent of the overall services. The statistics which comprised of the customers of 26 different service providers shows that the ISPs have expanded their services to 132,825 customers. Among them, 109,739 customers are using cable internet, 4,474 are using dial-up and remaining 48,612 are wireless modem users. Two years ago, customers using wireless internet were more than 64,000. As per the NTA data, cable modem is replacing the wireless modem for internet services. Suman Lal Pradhan, President of Internet Service Provider of Nepal (ISPN) accepts the weaknesses of ISPs regarding the declining use of wireless technology.</p> <p style="text-align: justify;">Meanwhile, telecom services providers have been successful to capture a large portion of the internet services due to wireless technology. Wireless technology is based on frequency. ISPs have been providing wireless services through non-commercial frequencies. They have been providing internet services through normal frequencies that are being used in homes and offices due to the lack of the commercial frequency. </p> <p style="text-align: justify;">With the expansion of internet services, users are attracted towards high speed internet in the recent years. NTA has not distributed commercial frequency to the ISPs though it has been already decided to distribute frequency. “NTA has prepared a modality for the distribution,” says Min Prasad Aryal, Spokesperson of NTA. He further adds that the Authority has already sent a proposal that includes frequency auction modality and base price to the Ministry. “The distribution process will move ahead after we get approval from the Ministry,” he informs. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4869', 'image' => '20170103030848_isp.JPG', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5055', 'article_category_id' => '1', 'title' => ''New NRB Act will Increase Financial Thrive and Stability'', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.</p> <p style="text-align:justify">"The preface of NRB Act 2058 has been amended and made vast," said Ram Hari Neupane, NRB Director, Legal Division. According to him, the amended Act has already come into effect."NRB can now mobilise various financial and monetary tools as per the requirement in order to manage liquidity of the market," he added, "Previously, there were limited tools for liquidity management." The new Act has stressed on expansion of financial accessibility by strengthening the financial system through effective supervision and regulation of the BFIs.</p> <p style="text-align:justify">As per the amended Act, the capital of NRB has raised to Rs 5 billion from Rs 1 billion. The Act has given authority to NRB of conducting pre-liquidation process of BFIs under liquidation mechanism. Experts believe that the successful execution of the new Act will increase financial thrive and stability in the country. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4868', 'image' => '20170103113417_nrb.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5060', 'article_category_id' => '1', 'title' => 'NRB Hand Over NCC Management', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.</p> <p style="text-align:justify">NCC Bank was in merger process with four development banks including Supreme, International, Infrastructure and Apex Development Bank since November 27, 2015. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103014404_ncc.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5061', 'article_category_id' => '1', 'title' => 'Machhapuchchhre Bank Supports School', 'sub_title' => '', 'summary' => 'January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. ', 'content' => '<p style="text-align:justify">January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103022833_macha.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$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' => '5075', 'article_category_id' => '1', 'title' => 'InFocus M680 Enters Nepali Market', 'sub_title' => '', 'summary' => 'January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.', 'content' => '<p style="text-align: justify;">January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.</p> <p style="text-align: justify;">The phone that comes with a 5.50 inch full HD display is powered by 1.3 GHz quad-core processor. The phone comes with 2 GB RAM and 16GB ROM. The phone packs 16GB of internal storage that can be expanded up to 64GB via a microSD card. It has a 13 megapixel rear and front camera.</p> <p style="text-align: justify;">According to the company, the phone also supports 4G SIM. The InFocus M680 runs Android 6.0 operating system and is powered by a 2600mAh battery. The phone is priced Rs 19,990 in the Nepali market.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4880', 'image' => '20170105113536_infocus.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5074', 'article_category_id' => '1', 'title' => 'Ford Endeavour Bags Full-Size SUV of the Year Award ', 'sub_title' => '', 'summary' => 'January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.', 'content' => '<p style="text-align: justify;">January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.</p> <p style="text-align: justify;"><br /> According to the statement, the new generation Endeavour SUV is based on Ford's T6 platform. The front-end sports a massive chrome grille with projector head-lamps and DRLs giving it that signature American SUV look. The bold bumper design comprises a very prominent silver skid plate that extends to house the LED fog-lamps as well. The flared wheel arches are wide and high to accommodate those massive 18-inch alloy wheels shod in 265/60 all-terrain tyres. </p> <p style="text-align: justify;"><br /> "The SUV also comes with a well-equipped cabin featuring bucket-seats at the front, LED lamps, multi-information display, remote key entry, one-touch power rain sensing wiper, dual-zone AC-automatic climate control, cruise control, power folding 3rd-row seat, terrain management system, and more," reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4879', 'image' => '20170105111206_ford.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5073', 'article_category_id' => '1', 'title' => 'Jagdamba Bags Best Industry 2073 Award', 'sub_title' => '', 'summary' => 'January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department. ', 'content' => '<p style="text-align:justify">January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC and PPC cements from its two industries -- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Subha Shree Jagadamba Cement Mills was awarded NS Quality Award twice in the past by Nepal Quality and Measurement Department. </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4878', 'image' => '20170105104709_jagadamba.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5072', 'article_category_id' => '1', 'title' => 'NRB to Invest 2.28 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.', 'content' => '<p style="text-align: justify;">January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.</p> <p style="text-align: justify;">The central bank is investing Rs 1.83 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 343.1 million and Rs 114.3 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 December 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.</p> <p style="text-align: justify;">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> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4877', 'image' => '20170105102901_nrb.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5071', 'article_category_id' => '1', 'title' => 'Govt to Establish Industrial Research Centre', 'sub_title' => '', 'summary' => 'January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.', 'content' => '<p style="text-align: justify;">January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.</p> <p style="text-align: justify;">According to the ministry, the required modality has been prepared for the research centre. As per the modality, the proposed centre will be operated with the engagement the private sector. Speaking in a regular press briefing on January 3 at the ministry, Industry Minister Nabindra Raj Joshi said that the centre will help Nepali and foreign investors to identify investment potentials in various sectors. The proposed Industrial Research Center will have information centers in all seven states and 75 districts of the country in order to facilitate large industries.</p> <p style="text-align: justify;"><strong> Licenses of inactive mines to be cancelled</strong></p> <p style="text-align: justify;">Joshi also informed that the ministry is in a process to improve laws related to mining. According to him, the ministry is preparing to cancel the licenses of inactive mines. "Permission will be only given to those who can optimally utilise mines,” he said, adding, "Permission should be given as per the technical abilities of the operators to operate mines." According to him, a draft of National Mineral Policy has also been prepared for the utilization of mine areas.</p> <p style="text-align: justify;"><strong>Special Economic Zone in seven states</strong></p> <p style="text-align: justify;">The government has started preparations to construct Special Economic Zones (SEZs) in all seven states of the country. The proposed SEZs will be established in Biratnagar of Province Number One, Simara of Province Number Two, Panchkhal of Province Number Three, Gorakha of Province Number Four, Bhairawaha of Province Number Five, Jumla of Province Number Six and Dhanghadi of Province Number Seven. According to Joshi, the construction works of three SEZ has already started. Among them, Bhairahawa SEZ has already done agreement with 21 industries and it is in the last stage to start its operation. Joshi informed that the works for Simara SEZ is also going rapidly. The government also has plans to move ahead with the construction works of Industrial Development Estates. He informed that proposal for construction of some industrial estates will be presented to the council of ministers for approval.</p> <p style="text-align: justify;"><strong>Political Commitment for Economic Development</strong></p> <p style="text-align: justify;">Minister Joshi said that the International Investors Conference which is scheduled for March 2 and March 3 will give a positive message about the investment environment in Nepal to foreign investors. The ministry is preparing to receive commitment from political parties for economic development in order to assure the international investors regarding the security of investments in the country.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4876', 'image' => '20170104032045_MoE.JPG', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5070', 'article_category_id' => '1', 'title' => 'Mobile App for Passport Form Submission', 'sub_title' => '', 'summary' => 'January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.', 'content' => '<p style="text-align: justify;">January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.</p> <p style="text-align: justify;">Service seekers, apart from paying fees, submitting photo and finger code and authentication of the citizenship, can fulfil all other process from the mobile app. The aforementioned tasks need to be fulfilled physically by the service seekers in the DoP. The service seekers need to download the app from play store, download the application form and fill out the required personal details and submit to the DoP. While submitting, the app generates a barcode which the service seekers can save in their mobile phone or take its print out. Then the service seeker needs to visit the DoP to carry out final processing of the passport application.</p> <p style="text-align: justify;">In the first phase, the facility will be available in Doha, Riyadh, Hong Kong, Kuala Lumpur, Abu Dhabi, London , Washington DC and New York. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4875', 'image' => '20170104021707_pp.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5069', 'article_category_id' => '1', 'title' => 'Newroad Mobile Expo Concludes with Rs 230 mn Transactions', 'sub_title' => '', 'summary' => 'January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.', 'content' => '<p style="text-align: justify;">January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.</p> <p style="text-align: justify;">According to the organisers, 4G compatible smart phones were the most sought phones in the expo. "Since the recent introduction of 4G service in Nepal from Sunday, people were keen to know and purchase 4G phones," informed Basnet.</p> <p style="text-align: justify;">The expo witnessed the participation of the entire existing mobile brands in Nepal along with new brands like Zopo and Leagoo. Companies had offered free gift hampers and special discounts with most of the purchases. During the expo, mobile network operator Ncell offered an Ncell sim along with 100MB data with every purchase of any smart phone. "This expo was a historic success," says Basnet, adding," We plan to come up with different gift hampers to the customers in the coming days."<br /> <br /> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4874', 'image' => '20170104125516_mobile expo.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5068', 'article_category_id' => '1', 'title' => 'Establish Industry, I will provide Electricity: Energy Minister', 'sub_title' => '', 'summary' => 'January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing ene', 'content' => '<p style="text-align: justify;">January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing energy from under-developed hydro projects of that time or from other sources as well," he added. Minister Sharma clarified of being ready to provide 1000 MW of electricity if only industrialists come with plans of establishing industries.</p> <p style="text-align: justify;">Meanwhile, Kush Kumar Joshi, Former President of FNCCI criticised Nepal Electricity Authority for favouring international companies while purchasing electrical equipments. According to him, NEA always invites international bidding to purchase electrical equipments and do not prioritise domestic products. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4873', 'image' => '20170104124818_energy minister.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5067', 'article_category_id' => '1', 'title' => 'Vibor Society Bags 'Best Enterprise' Award', 'sub_title' => '', 'summary' => 'January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.', 'content' => '<p style="text-align: justify;">January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.</p> <p style="text-align: justify;">Moreover, Jhalak Prasad Khanal, CEO of the bank was provided 'Manager of the year' award by the ceremony. According to the bank, the award was given for contribution made by the bank to increase financial accessibility to general public through efficient management. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4872', 'image' => '20170104112646_vibor.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5066', 'article_category_id' => '1', 'title' => 'Siddhartha and Himalayan in Bancassurance Pact', 'sub_title' => '', 'summary' => 'January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. ', 'content' => '<p style="text-align: justify;">January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4871', 'image' => '20170104105609_siddharha.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5065', 'article_category_id' => '1', 'title' => 'NEA in PPA Deals with Micro Hydropower Projects', 'sub_title' => '', 'summary' => 'January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.', 'content' => '<p style="text-align:justify">January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.</p> <p style="text-align:justify">According to Nawaraj Dhakal, Director of Alternative Energy Promotion Centre (AEPC), NEA conducted PPA with three micro hydropower projects with less than 100KW capacity. "A MoU has also been signed between NEA and AEPC to add 10 more projects with capacity of more than 100KW to national transmission line," Dhakal added, saying, "The step of NEA connecting the national transmission line to the area will increase the utilization of micro hydropower projects."</p> <p style="text-align:justify">Such projects which were operated for rural electrification were consecutively closed due to the access of central transmission power. AEPC which is under the Ministry of Population and Environment has vowed to help Energy Ministry to end power cut.</p> <p style="text-align:justify"><strong>Grid Connected Solar </strong></p> <p style="text-align:justify">The demand of solar technology for domestic use has gone down due to end of power cuts in Kathmandu Valley and minimisation of power cuts all over the country. However, the solar technology for street lights has increased compared to earlier. "The concept of grid connected solar is being put forward with a target to fulfill the growing demand of electricity," Dhakal said. "Its initial use will be done by installing solar panel on the terrace of offices inside Singhadurbar and the produced electricity will be connected to grid and distributed in the related offices." Though the plan was formulated two years ago, it has not been implemented till date.</p> <p style="text-align:justify">The 18KW solar mini grid which was installed in Tanahun, Baidi VDC-2, Dubung one year ago is still in operation. The project was developed with the total cost of 15.49 million in which Rs 13.39 million was invested by AEPC, IPAD and UNSCAP and Rs 2.1 million by Saral Urja Nepal. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4870', 'image' => '20170103033634_micro hydro.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5064', 'article_category_id' => '1', 'title' => 'ISPs Stepping Back from Wireless Services', 'sub_title' => '', 'summary' => 'January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.', 'content' => '<p style="text-align: justify;">January 3:<strong> </strong>Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.</p> <p style="text-align: justify;">Many services provided by the ISPs used to be based on wireless service till two years ago. 60 percent of internet services in the country were based on wireless technology till October 2015 while the remaining were dial-up and cable based. However, in the recent time, ISPs are focused on providing cable internet services compared to wireless.</p> <p style="text-align: justify;">According to statistics of Nepal Telecommunications Authority (NTA) published in August/September, the share of wireless internet has reduced to around 30 percent of the overall services. The statistics which comprised of the customers of 26 different service providers shows that the ISPs have expanded their services to 132,825 customers. Among them, 109,739 customers are using cable internet, 4,474 are using dial-up and remaining 48,612 are wireless modem users. Two years ago, customers using wireless internet were more than 64,000. As per the NTA data, cable modem is replacing the wireless modem for internet services. Suman Lal Pradhan, President of Internet Service Provider of Nepal (ISPN) accepts the weaknesses of ISPs regarding the declining use of wireless technology.</p> <p style="text-align: justify;">Meanwhile, telecom services providers have been successful to capture a large portion of the internet services due to wireless technology. Wireless technology is based on frequency. ISPs have been providing wireless services through non-commercial frequencies. They have been providing internet services through normal frequencies that are being used in homes and offices due to the lack of the commercial frequency. </p> <p style="text-align: justify;">With the expansion of internet services, users are attracted towards high speed internet in the recent years. NTA has not distributed commercial frequency to the ISPs though it has been already decided to distribute frequency. “NTA has prepared a modality for the distribution,” says Min Prasad Aryal, Spokesperson of NTA. He further adds that the Authority has already sent a proposal that includes frequency auction modality and base price to the Ministry. “The distribution process will move ahead after we get approval from the Ministry,” he informs. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4869', 'image' => '20170103030848_isp.JPG', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5055', 'article_category_id' => '1', 'title' => ''New NRB Act will Increase Financial Thrive and Stability'', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.</p> <p style="text-align:justify">"The preface of NRB Act 2058 has been amended and made vast," said Ram Hari Neupane, NRB Director, Legal Division. According to him, the amended Act has already come into effect."NRB can now mobilise various financial and monetary tools as per the requirement in order to manage liquidity of the market," he added, "Previously, there were limited tools for liquidity management." The new Act has stressed on expansion of financial accessibility by strengthening the financial system through effective supervision and regulation of the BFIs.</p> <p style="text-align:justify">As per the amended Act, the capital of NRB has raised to Rs 5 billion from Rs 1 billion. The Act has given authority to NRB of conducting pre-liquidation process of BFIs under liquidation mechanism. Experts believe that the successful execution of the new Act will increase financial thrive and stability in the country. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4868', 'image' => '20170103113417_nrb.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5060', 'article_category_id' => '1', 'title' => 'NRB Hand Over NCC Management', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.</p> <p style="text-align:justify">NCC Bank was in merger process with four development banks including Supreme, International, Infrastructure and Apex Development Bank since November 27, 2015. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103014404_ncc.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5061', 'article_category_id' => '1', 'title' => 'Machhapuchchhre Bank Supports School', 'sub_title' => '', 'summary' => 'January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. ', 'content' => '<p style="text-align:justify">January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103022833_macha.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$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' => '5075', 'article_category_id' => '1', 'title' => 'InFocus M680 Enters Nepali Market', 'sub_title' => '', 'summary' => 'January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.', 'content' => '<p style="text-align: justify;">January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.</p> <p style="text-align: justify;">The phone that comes with a 5.50 inch full HD display is powered by 1.3 GHz quad-core processor. The phone comes with 2 GB RAM and 16GB ROM. The phone packs 16GB of internal storage that can be expanded up to 64GB via a microSD card. It has a 13 megapixel rear and front camera.</p> <p style="text-align: justify;">According to the company, the phone also supports 4G SIM. The InFocus M680 runs Android 6.0 operating system and is powered by a 2600mAh battery. The phone is priced Rs 19,990 in the Nepali market.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4880', 'image' => '20170105113536_infocus.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5074', 'article_category_id' => '1', 'title' => 'Ford Endeavour Bags Full-Size SUV of the Year Award ', 'sub_title' => '', 'summary' => 'January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.', 'content' => '<p style="text-align: justify;">January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.</p> <p style="text-align: justify;"><br /> According to the statement, the new generation Endeavour SUV is based on Ford's T6 platform. The front-end sports a massive chrome grille with projector head-lamps and DRLs giving it that signature American SUV look. The bold bumper design comprises a very prominent silver skid plate that extends to house the LED fog-lamps as well. The flared wheel arches are wide and high to accommodate those massive 18-inch alloy wheels shod in 265/60 all-terrain tyres. </p> <p style="text-align: justify;"><br /> "The SUV also comes with a well-equipped cabin featuring bucket-seats at the front, LED lamps, multi-information display, remote key entry, one-touch power rain sensing wiper, dual-zone AC-automatic climate control, cruise control, power folding 3rd-row seat, terrain management system, and more," reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4879', 'image' => '20170105111206_ford.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5073', 'article_category_id' => '1', 'title' => 'Jagdamba Bags Best Industry 2073 Award', 'sub_title' => '', 'summary' => 'January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department. ', 'content' => '<p style="text-align:justify">January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC and PPC cements from its two industries -- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Subha Shree Jagadamba Cement Mills was awarded NS Quality Award twice in the past by Nepal Quality and Measurement Department. </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4878', 'image' => '20170105104709_jagadamba.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5072', 'article_category_id' => '1', 'title' => 'NRB to Invest 2.28 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.', 'content' => '<p style="text-align: justify;">January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.</p> <p style="text-align: justify;">The central bank is investing Rs 1.83 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 343.1 million and Rs 114.3 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 December 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.</p> <p style="text-align: justify;">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> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4877', 'image' => '20170105102901_nrb.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5071', 'article_category_id' => '1', 'title' => 'Govt to Establish Industrial Research Centre', 'sub_title' => '', 'summary' => 'January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.', 'content' => '<p style="text-align: justify;">January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.</p> <p style="text-align: justify;">According to the ministry, the required modality has been prepared for the research centre. As per the modality, the proposed centre will be operated with the engagement the private sector. Speaking in a regular press briefing on January 3 at the ministry, Industry Minister Nabindra Raj Joshi said that the centre will help Nepali and foreign investors to identify investment potentials in various sectors. The proposed Industrial Research Center will have information centers in all seven states and 75 districts of the country in order to facilitate large industries.</p> <p style="text-align: justify;"><strong> Licenses of inactive mines to be cancelled</strong></p> <p style="text-align: justify;">Joshi also informed that the ministry is in a process to improve laws related to mining. According to him, the ministry is preparing to cancel the licenses of inactive mines. "Permission will be only given to those who can optimally utilise mines,” he said, adding, "Permission should be given as per the technical abilities of the operators to operate mines." According to him, a draft of National Mineral Policy has also been prepared for the utilization of mine areas.</p> <p style="text-align: justify;"><strong>Special Economic Zone in seven states</strong></p> <p style="text-align: justify;">The government has started preparations to construct Special Economic Zones (SEZs) in all seven states of the country. The proposed SEZs will be established in Biratnagar of Province Number One, Simara of Province Number Two, Panchkhal of Province Number Three, Gorakha of Province Number Four, Bhairawaha of Province Number Five, Jumla of Province Number Six and Dhanghadi of Province Number Seven. According to Joshi, the construction works of three SEZ has already started. Among them, Bhairahawa SEZ has already done agreement with 21 industries and it is in the last stage to start its operation. Joshi informed that the works for Simara SEZ is also going rapidly. The government also has plans to move ahead with the construction works of Industrial Development Estates. He informed that proposal for construction of some industrial estates will be presented to the council of ministers for approval.</p> <p style="text-align: justify;"><strong>Political Commitment for Economic Development</strong></p> <p style="text-align: justify;">Minister Joshi said that the International Investors Conference which is scheduled for March 2 and March 3 will give a positive message about the investment environment in Nepal to foreign investors. The ministry is preparing to receive commitment from political parties for economic development in order to assure the international investors regarding the security of investments in the country.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4876', 'image' => '20170104032045_MoE.JPG', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5070', 'article_category_id' => '1', 'title' => 'Mobile App for Passport Form Submission', 'sub_title' => '', 'summary' => 'January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.', 'content' => '<p style="text-align: justify;">January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.</p> <p style="text-align: justify;">Service seekers, apart from paying fees, submitting photo and finger code and authentication of the citizenship, can fulfil all other process from the mobile app. The aforementioned tasks need to be fulfilled physically by the service seekers in the DoP. The service seekers need to download the app from play store, download the application form and fill out the required personal details and submit to the DoP. While submitting, the app generates a barcode which the service seekers can save in their mobile phone or take its print out. Then the service seeker needs to visit the DoP to carry out final processing of the passport application.</p> <p style="text-align: justify;">In the first phase, the facility will be available in Doha, Riyadh, Hong Kong, Kuala Lumpur, Abu Dhabi, London , Washington DC and New York. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4875', 'image' => '20170104021707_pp.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5069', 'article_category_id' => '1', 'title' => 'Newroad Mobile Expo Concludes with Rs 230 mn Transactions', 'sub_title' => '', 'summary' => 'January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.', 'content' => '<p style="text-align: justify;">January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.</p> <p style="text-align: justify;">According to the organisers, 4G compatible smart phones were the most sought phones in the expo. "Since the recent introduction of 4G service in Nepal from Sunday, people were keen to know and purchase 4G phones," informed Basnet.</p> <p style="text-align: justify;">The expo witnessed the participation of the entire existing mobile brands in Nepal along with new brands like Zopo and Leagoo. Companies had offered free gift hampers and special discounts with most of the purchases. During the expo, mobile network operator Ncell offered an Ncell sim along with 100MB data with every purchase of any smart phone. "This expo was a historic success," says Basnet, adding," We plan to come up with different gift hampers to the customers in the coming days."<br /> <br /> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4874', 'image' => '20170104125516_mobile expo.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5068', 'article_category_id' => '1', 'title' => 'Establish Industry, I will provide Electricity: Energy Minister', 'sub_title' => '', 'summary' => 'January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing ene', 'content' => '<p style="text-align: justify;">January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing energy from under-developed hydro projects of that time or from other sources as well," he added. Minister Sharma clarified of being ready to provide 1000 MW of electricity if only industrialists come with plans of establishing industries.</p> <p style="text-align: justify;">Meanwhile, Kush Kumar Joshi, Former President of FNCCI criticised Nepal Electricity Authority for favouring international companies while purchasing electrical equipments. According to him, NEA always invites international bidding to purchase electrical equipments and do not prioritise domestic products. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4873', 'image' => '20170104124818_energy minister.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5067', 'article_category_id' => '1', 'title' => 'Vibor Society Bags 'Best Enterprise' Award', 'sub_title' => '', 'summary' => 'January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.', 'content' => '<p style="text-align: justify;">January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.</p> <p style="text-align: justify;">Moreover, Jhalak Prasad Khanal, CEO of the bank was provided 'Manager of the year' award by the ceremony. According to the bank, the award was given for contribution made by the bank to increase financial accessibility to general public through efficient management. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4872', 'image' => '20170104112646_vibor.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5066', 'article_category_id' => '1', 'title' => 'Siddhartha and Himalayan in Bancassurance Pact', 'sub_title' => '', 'summary' => 'January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. ', 'content' => '<p style="text-align: justify;">January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4871', 'image' => '20170104105609_siddharha.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5065', 'article_category_id' => '1', 'title' => 'NEA in PPA Deals with Micro Hydropower Projects', 'sub_title' => '', 'summary' => 'January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.', 'content' => '<p style="text-align:justify">January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.</p> <p style="text-align:justify">According to Nawaraj Dhakal, Director of Alternative Energy Promotion Centre (AEPC), NEA conducted PPA with three micro hydropower projects with less than 100KW capacity. "A MoU has also been signed between NEA and AEPC to add 10 more projects with capacity of more than 100KW to national transmission line," Dhakal added, saying, "The step of NEA connecting the national transmission line to the area will increase the utilization of micro hydropower projects."</p> <p style="text-align:justify">Such projects which were operated for rural electrification were consecutively closed due to the access of central transmission power. AEPC which is under the Ministry of Population and Environment has vowed to help Energy Ministry to end power cut.</p> <p style="text-align:justify"><strong>Grid Connected Solar </strong></p> <p style="text-align:justify">The demand of solar technology for domestic use has gone down due to end of power cuts in Kathmandu Valley and minimisation of power cuts all over the country. However, the solar technology for street lights has increased compared to earlier. "The concept of grid connected solar is being put forward with a target to fulfill the growing demand of electricity," Dhakal said. "Its initial use will be done by installing solar panel on the terrace of offices inside Singhadurbar and the produced electricity will be connected to grid and distributed in the related offices." Though the plan was formulated two years ago, it has not been implemented till date.</p> <p style="text-align:justify">The 18KW solar mini grid which was installed in Tanahun, Baidi VDC-2, Dubung one year ago is still in operation. The project was developed with the total cost of 15.49 million in which Rs 13.39 million was invested by AEPC, IPAD and UNSCAP and Rs 2.1 million by Saral Urja Nepal. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4870', 'image' => '20170103033634_micro hydro.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5064', 'article_category_id' => '1', 'title' => 'ISPs Stepping Back from Wireless Services', 'sub_title' => '', 'summary' => 'January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.', 'content' => '<p style="text-align: justify;">January 3:<strong> </strong>Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.</p> <p style="text-align: justify;">Many services provided by the ISPs used to be based on wireless service till two years ago. 60 percent of internet services in the country were based on wireless technology till October 2015 while the remaining were dial-up and cable based. However, in the recent time, ISPs are focused on providing cable internet services compared to wireless.</p> <p style="text-align: justify;">According to statistics of Nepal Telecommunications Authority (NTA) published in August/September, the share of wireless internet has reduced to around 30 percent of the overall services. The statistics which comprised of the customers of 26 different service providers shows that the ISPs have expanded their services to 132,825 customers. Among them, 109,739 customers are using cable internet, 4,474 are using dial-up and remaining 48,612 are wireless modem users. Two years ago, customers using wireless internet were more than 64,000. As per the NTA data, cable modem is replacing the wireless modem for internet services. Suman Lal Pradhan, President of Internet Service Provider of Nepal (ISPN) accepts the weaknesses of ISPs regarding the declining use of wireless technology.</p> <p style="text-align: justify;">Meanwhile, telecom services providers have been successful to capture a large portion of the internet services due to wireless technology. Wireless technology is based on frequency. ISPs have been providing wireless services through non-commercial frequencies. They have been providing internet services through normal frequencies that are being used in homes and offices due to the lack of the commercial frequency. </p> <p style="text-align: justify;">With the expansion of internet services, users are attracted towards high speed internet in the recent years. NTA has not distributed commercial frequency to the ISPs though it has been already decided to distribute frequency. “NTA has prepared a modality for the distribution,” says Min Prasad Aryal, Spokesperson of NTA. He further adds that the Authority has already sent a proposal that includes frequency auction modality and base price to the Ministry. “The distribution process will move ahead after we get approval from the Ministry,” he informs. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4869', 'image' => '20170103030848_isp.JPG', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5055', 'article_category_id' => '1', 'title' => ''New NRB Act will Increase Financial Thrive and Stability'', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.</p> <p style="text-align:justify">"The preface of NRB Act 2058 has been amended and made vast," said Ram Hari Neupane, NRB Director, Legal Division. According to him, the amended Act has already come into effect."NRB can now mobilise various financial and monetary tools as per the requirement in order to manage liquidity of the market," he added, "Previously, there were limited tools for liquidity management." The new Act has stressed on expansion of financial accessibility by strengthening the financial system through effective supervision and regulation of the BFIs.</p> <p style="text-align:justify">As per the amended Act, the capital of NRB has raised to Rs 5 billion from Rs 1 billion. The Act has given authority to NRB of conducting pre-liquidation process of BFIs under liquidation mechanism. Experts believe that the successful execution of the new Act will increase financial thrive and stability in the country. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4868', 'image' => '20170103113417_nrb.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5060', 'article_category_id' => '1', 'title' => 'NRB Hand Over NCC Management', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.</p> <p style="text-align:justify">NCC Bank was in merger process with four development banks including Supreme, International, Infrastructure and Apex Development Bank since November 27, 2015. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103014404_ncc.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5061', 'article_category_id' => '1', 'title' => 'Machhapuchchhre Bank Supports School', 'sub_title' => '', 'summary' => 'January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. ', 'content' => '<p style="text-align:justify">January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103022833_macha.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$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' => '5075', 'article_category_id' => '1', 'title' => 'InFocus M680 Enters Nepali Market', 'sub_title' => '', 'summary' => 'January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.', 'content' => '<p style="text-align: justify;">January 5: American Smartphone InFocus M680 has been launched in the Nepali market on the occasion of New Year 2017. Prism Enterprises, the authorised distributor of the phone for Nepal launched the phone in the Nepali market.</p> <p style="text-align: justify;">The phone that comes with a 5.50 inch full HD display is powered by 1.3 GHz quad-core processor. The phone comes with 2 GB RAM and 16GB ROM. The phone packs 16GB of internal storage that can be expanded up to 64GB via a microSD card. It has a 13 megapixel rear and front camera.</p> <p style="text-align: justify;">According to the company, the phone also supports 4G SIM. The InFocus M680 runs Android 6.0 operating system and is powered by a 2600mAh battery. The phone is priced Rs 19,990 in the Nepali market.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4880', 'image' => '20170105113536_infocus.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5074', 'article_category_id' => '1', 'title' => 'Ford Endeavour Bags Full-Size SUV of the Year Award ', 'sub_title' => '', 'summary' => 'January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.', 'content' => '<p style="text-align: justify;">January 5: The new Ford Endeavour won 'Full-Size SUV of the Year 2017' in the NDTV Car and Bike Award. Issuing a press statement, the company said that Ford Endeavour which is launched at the beginning of this year was able to win the award due to its design, styles, features and mechanicals.</p> <p style="text-align: justify;"><br /> According to the statement, the new generation Endeavour SUV is based on Ford's T6 platform. The front-end sports a massive chrome grille with projector head-lamps and DRLs giving it that signature American SUV look. The bold bumper design comprises a very prominent silver skid plate that extends to house the LED fog-lamps as well. The flared wheel arches are wide and high to accommodate those massive 18-inch alloy wheels shod in 265/60 all-terrain tyres. </p> <p style="text-align: justify;"><br /> "The SUV also comes with a well-equipped cabin featuring bucket-seats at the front, LED lamps, multi-information display, remote key entry, one-touch power rain sensing wiper, dual-zone AC-automatic climate control, cruise control, power folding 3rd-row seat, terrain management system, and more," reads the statement.</p> <p> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4879', 'image' => '20170105111206_ford.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5073', 'article_category_id' => '1', 'title' => 'Jagdamba Bags Best Industry 2073 Award', 'sub_title' => '', 'summary' => 'January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC, PPC and PSP cements from its two industries-- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Earlier, Subha Shree Jagadamba Cement Mills was provided NS Quality Award twice by Nepal Quality and Measurement Department. ', 'content' => '<p style="text-align:justify">January 5: Jagadamba Cement Industries has bagged 'Best Industry 2073' award from Rupandehi Industries Association. Presently, Jagadamba Cement is manufacturing and selling OPC and PPC cements from its two industries -- Jagadamba Cement Industries and Subha Shree Jagadamba Cement Mills). Subha Shree Jagadamba Cement Mills was awarded NS Quality Award twice in the past by Nepal Quality and Measurement Department. </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4878', 'image' => '20170105104709_jagadamba.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5072', 'article_category_id' => '1', 'title' => 'NRB to Invest 2.28 Billion in Fixed Deposit', 'sub_title' => '', 'summary' => 'January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.', 'content' => '<p style="text-align: justify;">January 5: : Nepal Rastra Bank (NRB) is investing Rs 2.28 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 January 15 2016 to January 14 2017.</p> <p style="text-align: justify;">The central bank is investing Rs 1.83 billion as FD in 'A' listed commercial bank. Similarly, the bank is investing Rs 343.1 million and Rs 114.3 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 December 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.</p> <p style="text-align: justify;">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> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-05', 'modified' => '2017-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '4877', 'image' => '20170105102901_nrb.jpg', 'article_date' => '2017-01-05 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5071', 'article_category_id' => '1', 'title' => 'Govt to Establish Industrial Research Centre', 'sub_title' => '', 'summary' => 'January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.', 'content' => '<p style="text-align: justify;">January 4: The government is planning to establish Industrial Research Centre for identifying feasibilities of industrial estates in Nepal. The Ministry of Industry is forming the centre that will analyse matters including suitable industry for investment, availability of raw materials and market research.</p> <p style="text-align: justify;">According to the ministry, the required modality has been prepared for the research centre. As per the modality, the proposed centre will be operated with the engagement the private sector. Speaking in a regular press briefing on January 3 at the ministry, Industry Minister Nabindra Raj Joshi said that the centre will help Nepali and foreign investors to identify investment potentials in various sectors. The proposed Industrial Research Center will have information centers in all seven states and 75 districts of the country in order to facilitate large industries.</p> <p style="text-align: justify;"><strong> Licenses of inactive mines to be cancelled</strong></p> <p style="text-align: justify;">Joshi also informed that the ministry is in a process to improve laws related to mining. According to him, the ministry is preparing to cancel the licenses of inactive mines. "Permission will be only given to those who can optimally utilise mines,” he said, adding, "Permission should be given as per the technical abilities of the operators to operate mines." According to him, a draft of National Mineral Policy has also been prepared for the utilization of mine areas.</p> <p style="text-align: justify;"><strong>Special Economic Zone in seven states</strong></p> <p style="text-align: justify;">The government has started preparations to construct Special Economic Zones (SEZs) in all seven states of the country. The proposed SEZs will be established in Biratnagar of Province Number One, Simara of Province Number Two, Panchkhal of Province Number Three, Gorakha of Province Number Four, Bhairawaha of Province Number Five, Jumla of Province Number Six and Dhanghadi of Province Number Seven. According to Joshi, the construction works of three SEZ has already started. Among them, Bhairahawa SEZ has already done agreement with 21 industries and it is in the last stage to start its operation. Joshi informed that the works for Simara SEZ is also going rapidly. The government also has plans to move ahead with the construction works of Industrial Development Estates. He informed that proposal for construction of some industrial estates will be presented to the council of ministers for approval.</p> <p style="text-align: justify;"><strong>Political Commitment for Economic Development</strong></p> <p style="text-align: justify;">Minister Joshi said that the International Investors Conference which is scheduled for March 2 and March 3 will give a positive message about the investment environment in Nepal to foreign investors. The ministry is preparing to receive commitment from political parties for economic development in order to assure the international investors regarding the security of investments in the country.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4876', 'image' => '20170104032045_MoE.JPG', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5070', 'article_category_id' => '1', 'title' => 'Mobile App for Passport Form Submission', 'sub_title' => '', 'summary' => 'January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.', 'content' => '<p style="text-align: justify;">January 4- Passport seekers can now apply for it from mobile phone. Department of Passport (DoP) launched the mechanism considering the demand and requirement of the service seekers. The service is made available with the launching of a mobile app from Foreign minister Prakash Sharan Mahat on Tuesday, January 3.</p> <p style="text-align: justify;">Service seekers, apart from paying fees, submitting photo and finger code and authentication of the citizenship, can fulfil all other process from the mobile app. The aforementioned tasks need to be fulfilled physically by the service seekers in the DoP. The service seekers need to download the app from play store, download the application form and fill out the required personal details and submit to the DoP. While submitting, the app generates a barcode which the service seekers can save in their mobile phone or take its print out. Then the service seeker needs to visit the DoP to carry out final processing of the passport application.</p> <p style="text-align: justify;">In the first phase, the facility will be available in Doha, Riyadh, Hong Kong, Kuala Lumpur, Abu Dhabi, London , Washington DC and New York. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4875', 'image' => '20170104021707_pp.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5069', 'article_category_id' => '1', 'title' => 'Newroad Mobile Expo Concludes with Rs 230 mn Transactions', 'sub_title' => '', 'summary' => 'January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.', 'content' => '<p style="text-align: justify;">January 4: Newroad Mobile Expo jointly organised by Nepal Mobile Traders Association concluded on Tuesday. According to the organisers, the one week expo which started on December 28 saw transactions worth Rs 230 million during the period."The event logged sales of about 17,000 units of mobile devices, gadgets and accessories," says, Pursottam Basnet, the Chairman of Nepal Mobile Traders Association.</p> <p style="text-align: justify;">According to the organisers, 4G compatible smart phones were the most sought phones in the expo. "Since the recent introduction of 4G service in Nepal from Sunday, people were keen to know and purchase 4G phones," informed Basnet.</p> <p style="text-align: justify;">The expo witnessed the participation of the entire existing mobile brands in Nepal along with new brands like Zopo and Leagoo. Companies had offered free gift hampers and special discounts with most of the purchases. During the expo, mobile network operator Ncell offered an Ncell sim along with 100MB data with every purchase of any smart phone. "This expo was a historic success," says Basnet, adding," We plan to come up with different gift hampers to the customers in the coming days."<br /> <br /> </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4874', 'image' => '20170104125516_mobile expo.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5068', 'article_category_id' => '1', 'title' => 'Establish Industry, I will provide Electricity: Energy Minister', 'sub_title' => '', 'summary' => 'January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing ene', 'content' => '<p style="text-align: justify;">January 4: Energy Minister Janardan Sharma has committed to provide electricity to new industries established by private sector. Minister Sharma committed so in an interaction program organised with Federation of Nepalese Chamber of commerce and Industries (FNCCI) on January 3. He said that electricity will be given by importing for now and by own produced afterwards. "If an industry is set up today, it will take 1-1.5 years to operate. In the due time, electricity will be provided either by bringing energy from under-developed hydro projects of that time or from other sources as well," he added. Minister Sharma clarified of being ready to provide 1000 MW of electricity if only industrialists come with plans of establishing industries.</p> <p style="text-align: justify;">Meanwhile, Kush Kumar Joshi, Former President of FNCCI criticised Nepal Electricity Authority for favouring international companies while purchasing electrical equipments. According to him, NEA always invites international bidding to purchase electrical equipments and do not prioritise domestic products. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4873', 'image' => '20170104124818_energy minister.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5067', 'article_category_id' => '1', 'title' => 'Vibor Society Bags 'Best Enterprise' Award', 'sub_title' => '', 'summary' => 'January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.', 'content' => '<p style="text-align: justify;">January 4: Vibor Society Development Bank has bagged 'Best Enterprise' award in Summit of Leaders 2016, Socrates Award Ceremony recently held in London. The bank was provided the award by European Business Assembly. Sushil Raj Parajuli, Chairman of the bank and Jhalak Prasad Khanal, CEO of the bank received the award in the ceremony.</p> <p style="text-align: justify;">Moreover, Jhalak Prasad Khanal, CEO of the bank was provided 'Manager of the year' award by the ceremony. According to the bank, the award was given for contribution made by the bank to increase financial accessibility to general public through efficient management. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4872', 'image' => '20170104112646_vibor.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5066', 'article_category_id' => '1', 'title' => 'Siddhartha and Himalayan in Bancassurance Pact', 'sub_title' => '', 'summary' => 'January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. ', 'content' => '<p style="text-align: justify;">January 4: Siddhartha Insurance and Himalayan Bank has made a bankcassurance agreement. Birendra Baidbar Chettri, Acting General Manager of Siddhartha and Ashok Samsher Jabara, CEO of the bank signed the agreement paper regarding the matter amid a program on January 3. According to the agreement, customers can get easy insurance services from the co-operation and the partnership will strengthen the business relation between the two institutions. </p> ', 'published' => true, 'created' => '2017-01-04', 'modified' => '2017-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '4871', 'image' => '20170104105609_siddharha.jpg', 'article_date' => '2017-01-04 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5065', 'article_category_id' => '1', 'title' => 'NEA in PPA Deals with Micro Hydropower Projects', 'sub_title' => '', 'summary' => 'January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.', 'content' => '<p style="text-align:justify">January 3: Nepal Electricity Authority has forwarded power purchase agreement (PPA) with micro hydropower project. NEA undertook the agreement with the micro hydropower projects with an aim to connect all available power in the national transmission line in support of power-cut end campaign.</p> <p style="text-align:justify">According to Nawaraj Dhakal, Director of Alternative Energy Promotion Centre (AEPC), NEA conducted PPA with three micro hydropower projects with less than 100KW capacity. "A MoU has also been signed between NEA and AEPC to add 10 more projects with capacity of more than 100KW to national transmission line," Dhakal added, saying, "The step of NEA connecting the national transmission line to the area will increase the utilization of micro hydropower projects."</p> <p style="text-align:justify">Such projects which were operated for rural electrification were consecutively closed due to the access of central transmission power. AEPC which is under the Ministry of Population and Environment has vowed to help Energy Ministry to end power cut.</p> <p style="text-align:justify"><strong>Grid Connected Solar </strong></p> <p style="text-align:justify">The demand of solar technology for domestic use has gone down due to end of power cuts in Kathmandu Valley and minimisation of power cuts all over the country. However, the solar technology for street lights has increased compared to earlier. "The concept of grid connected solar is being put forward with a target to fulfill the growing demand of electricity," Dhakal said. "Its initial use will be done by installing solar panel on the terrace of offices inside Singhadurbar and the produced electricity will be connected to grid and distributed in the related offices." Though the plan was formulated two years ago, it has not been implemented till date.</p> <p style="text-align:justify">The 18KW solar mini grid which was installed in Tanahun, Baidi VDC-2, Dubung one year ago is still in operation. The project was developed with the total cost of 15.49 million in which Rs 13.39 million was invested by AEPC, IPAD and UNSCAP and Rs 2.1 million by Saral Urja Nepal. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4870', 'image' => '20170103033634_micro hydro.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5064', 'article_category_id' => '1', 'title' => 'ISPs Stepping Back from Wireless Services', 'sub_title' => '', 'summary' => 'January 3: Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.', 'content' => '<p style="text-align: justify;">January 3:<strong> </strong>Nepali internet service providers (ISP) are seen reluctant to expand their wireless services. Due to the lack of commercial frequency for wireless internet services, ISPs are taking their steps back from wireless technology.</p> <p style="text-align: justify;">Many services provided by the ISPs used to be based on wireless service till two years ago. 60 percent of internet services in the country were based on wireless technology till October 2015 while the remaining were dial-up and cable based. However, in the recent time, ISPs are focused on providing cable internet services compared to wireless.</p> <p style="text-align: justify;">According to statistics of Nepal Telecommunications Authority (NTA) published in August/September, the share of wireless internet has reduced to around 30 percent of the overall services. The statistics which comprised of the customers of 26 different service providers shows that the ISPs have expanded their services to 132,825 customers. Among them, 109,739 customers are using cable internet, 4,474 are using dial-up and remaining 48,612 are wireless modem users. Two years ago, customers using wireless internet were more than 64,000. As per the NTA data, cable modem is replacing the wireless modem for internet services. Suman Lal Pradhan, President of Internet Service Provider of Nepal (ISPN) accepts the weaknesses of ISPs regarding the declining use of wireless technology.</p> <p style="text-align: justify;">Meanwhile, telecom services providers have been successful to capture a large portion of the internet services due to wireless technology. Wireless technology is based on frequency. ISPs have been providing wireless services through non-commercial frequencies. They have been providing internet services through normal frequencies that are being used in homes and offices due to the lack of the commercial frequency. </p> <p style="text-align: justify;">With the expansion of internet services, users are attracted towards high speed internet in the recent years. NTA has not distributed commercial frequency to the ISPs though it has been already decided to distribute frequency. “NTA has prepared a modality for the distribution,” says Min Prasad Aryal, Spokesperson of NTA. He further adds that the Authority has already sent a proposal that includes frequency auction modality and base price to the Ministry. “The distribution process will move ahead after we get approval from the Ministry,” he informs. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4869', 'image' => '20170103030848_isp.JPG', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5055', 'article_category_id' => '1', 'title' => ''New NRB Act will Increase Financial Thrive and Stability'', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has implemented Nepal Rastra Bank Act 2073 in a bid to make Nepali banks and financial institutions (BFIs) disciplined, transparent and up-to-date. The NRB Act 2073 which was endorsed by Parliament came into effect after verification from the President on November 14. The new Nepal Rastra Bank Act 2073 has been brought by terminating and modifying several mechanisms of the erstwhile Act and adding six new mechanisms. NRB claims that the new Act will further strengthen the BFIs.</p> <p style="text-align:justify">"The preface of NRB Act 2058 has been amended and made vast," said Ram Hari Neupane, NRB Director, Legal Division. According to him, the amended Act has already come into effect."NRB can now mobilise various financial and monetary tools as per the requirement in order to manage liquidity of the market," he added, "Previously, there were limited tools for liquidity management." The new Act has stressed on expansion of financial accessibility by strengthening the financial system through effective supervision and regulation of the BFIs.</p> <p style="text-align:justify">As per the amended Act, the capital of NRB has raised to Rs 5 billion from Rs 1 billion. The Act has given authority to NRB of conducting pre-liquidation process of BFIs under liquidation mechanism. Experts believe that the successful execution of the new Act will increase financial thrive and stability in the country. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4868', 'image' => '20170103113417_nrb.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5060', 'article_category_id' => '1', 'title' => 'NRB Hand Over NCC Management', 'sub_title' => '', 'summary' => 'January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.', 'content' => '<p style="text-align:justify">January 3: Nepal Rastra Bank (NRB) has handed over management to NCC Bank that started integration transaction form Sunday, January 1. NRB handed over the management to the NCC bank on January 2 after it merged four development banks and started integrated transaction. NRB took over the management of the bank on 2014 February 4 after visible of problems and dispute between two promoter groups.</p> <p style="text-align:justify">NCC Bank was in merger process with four development banks including Supreme, International, Infrastructure and Apex Development Bank since November 27, 2015. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103014404_ncc.jpg', 'article_date' => '2017-01-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5061', 'article_category_id' => '1', 'title' => 'Machhapuchchhre Bank Supports School', 'sub_title' => '', 'summary' => 'January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. ', 'content' => '<p style="text-align:justify">January 3: Machhapuchchhre Bank has supported schools through its various branches. Under its corporate social responsibility, the bank's Dhankuta branch distributed clothes and stationery to differently able students of Shree Margeshwori Primary School, Chargaun. Similarly, Pokhara branch handed over desks and benches to Saraswati Aadharbhut School of Dikhaleshwor. The bank informed of conducting various activities through various branches with a slogan 'Every Month One Social Responsibility' under its corporate social responsibility. </p> ', 'published' => true, 'created' => '2017-01-03', 'modified' => '2017-01-03', 'keywords' => '', 'description' => '', 'sortorder' => '4866', 'image' => '20170103022833_macha.jpg', 'article_date' => '2017-01-03 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