Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '5045',
			'article_category_id' => '1',
			'title' => 'Ace Development Bank in ASBA system',
			'sub_title' => '',
			'summary' => 'January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.',
			'content' => '<p style="text-align: justify;">January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-01',
			'modified' => '2017-01-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4855',
			'image' => '20170101112151_ace.jpg',
			'article_date' => '2017-01-01 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5044',
			'article_category_id' => '1',
			'title' => 'NT to Start 4G services from New Year',
			'sub_title' => '',
			'summary' => 'December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.',
			'content' => '<p style="text-align: justify;">December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.</p>

<p style="text-align: justify;">At first, 4G service will be available in Kathmandu, Bhaktapur, Lalitpur and major cities of Pokhara. The infrastructure work has completed as previously installed mobile towers and equipments in the capital and urban areas can facilitate 4G service as well.</p>

<p style="text-align: justify;">Telecom has separated 5MHz frequency reforming its 15MHz for 4G in 1800 band. &quot;The 4G service will be started with the same 5MHz,&quot; said Shobhan Adhikari, Co-Spokesperson of NT.</p>

<p style="text-align: justify;">Meanwhile, NT has not taken approval from NTA on tariff rate till date. According to Digambar Jha, Chairman of NTA, the company can move ahead with promotional plan for tariff. &ldquo;The process of decreasing data rate on volume base is the promotional plan,&rdquo; he said, adding, &ldquo;NTA has provided discount for three months on 4G.&rdquo;</p>

<p style="text-align: justify;">4G service will not be available in old SIM cards. The service will be available in recently issued universal SIM card only. In order to get the 4G service, customers will have to exchange their old SIM card with a new one.&nbsp;</p>
',
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			'created' => '2016-12-30',
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			'description' => '',
			'sortorder' => '4854',
			'image' => '20161230032238_nt.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5043',
			'article_category_id' => '1',
			'title' => 'CG Expanding WaiWai in Europe',
			'sub_title' => '',
			'summary' => 'December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.',
			'content' => '<p style="text-align: justify;">December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.</p>

<p style="text-align: justify;">&quot;As per our campaign of expanding WaiWai to the global market, we are expanding the brand in Europe,&quot; said Chaudhary, after the meet with PM. &quot;The expansion an attempt to showcase Nepali industry and trade in the international scenario.&quot;</p>

<p style="text-align: justify;">During the meet, Siberian PM thanked CG for establishing the plant and generating investment and employment. &nbsp;&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4853',
			'image' => '20161230025307_cg.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5042',
			'article_category_id' => '1',
			'title' => 'IEC Nominated in Fashion Asia Award',
			'sub_title' => '',
			'summary' => 'December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the 'The Fashion Asia Award' which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well. ',
			'content' => '<p style="text-align: justify;">December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the &#39;The Fashion Asia Award&#39; which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4852',
			'image' => '20161230013951_iec.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5041',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank Initiates Consortium Loan to Likhu 2 HEP',
			'sub_title' => '',
			'summary' => 'December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.',
			'content' => '<p style="text-align: justify;">December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.</p>

<p style="text-align: justify;">On December 29, a memorandum of understanding (MoU) was signed between the promoter company and the BFIs regarding providing a total of Rs 4.51 billion loan to the 33.4MW capacity HEP. Neeraj Kumar Shrestha, CEO of Macchapuchchhre Bank and Moti Lal Dugar, Chairman of Global Hydropower signed the MoU amid a program.</p>

<p style="text-align: justify;">The total cost of the HEP is estimated to be Rs 6.2 million in which the BFIs&#39; loan investment will be 75 per cent and promoter&#39;s self-investment will be 25 per cent. The HEP is situated in Gumdel of Ramechhap and Bhakanje VDC of Solukhumbu. As per a study, a total of 182.5 million units of power will be generated from the HEP annually.</p>

<p style="text-align: justify;">According to the power purchase agreement with Nepal Electricity Authority, the project will construct a transmission line to connect the electricity produced to New Khimti sub-station for distribution through national transmission system. The HEP promoter targets to construct the primary infrastructure within next 23 months and generate electricity within next four years.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4851',
			'image' => '20161230010522_likhu.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5040',
			'article_category_id' => '1',
			'title' => 'Chhimek Approves Bonus share',
			'sub_title' => '',
			'summary' => 'December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15th annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15<sup>th</sup> annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">In the AGM, Bhuwaneshori Pant, Chairman of board of directors of the bank presented the annual report of the bank. Headquartered at Baneshwor, Kathmandu, the national level bank is providing microfinance services in 61 districts through 122 branches. The bank which was established in 2001 earned Rs 471.5 million net profit in the FY 2072/73.</p>

<p style="text-align: justify;">&quot;The AGM unanimously elected Vishwo Mitra Shrestha and karna Bahadur Ghale as board members from general shareholders,&quot; informed Ram Chandra Joshi, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4850',
			'image' => '20161230114947_chhimek.jpg',
			'article_date' => '2016-12-30 00:00:00',
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			'id' => '5039',
			'article_category_id' => '1',
			'title' => 'Guragain Elected IPPAN President',
			'sub_title' => '',
			'summary' => 'December 30: Shailendra Guragain has been elected President of Independent Power Producers' Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel   as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish G',
			'content' => '<p style="text-align: justify;">December 30: Shailendra Guragain has been elected President of Independent Power Producers&#39; Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel &nbsp;&nbsp;as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish Garg, Him Pathak and Ganesh Karki have been elected as the members.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4849',
			'image' => '20161230113128_ippan.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5038',
			'article_category_id' => '1',
			'title' => 'Ghimire Appointed IB President',
			'sub_title' => '',
			'summary' => 'December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site.  ',
			'content' => '<p style="text-align: justify;">December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site. &nbsp;</p>

<p style="text-align: justify;">During the meeting of council of ministers which took place on Thursday morning, Finance Minister Krishna Bahadur Mahara recommended Dr Ghimire, Ramesh Kumar Bhattarai and Chiranjivi Chapagain for the post. Nonetheless, the meeting failed to derive a conclusion due to the disagreement between the ministers. Dr Ghimire is considered to be close to the Communist Party of Nepal (Maoist-Centre).The post of IB Chairman was vacated since December 22 after the end of the tenure of Prof Dr Fatta Bahadur KC.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4848',
			'image' => '20161230112802_ib chairman.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5037',
			'article_category_id' => '1',
			'title' => 'Hyundai Winter Delight',
			'sub_title' => '',
			'summary' => 'December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched 'Hyundai Winter Delight' under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.',
			'content' => '<p style="text-align: justify;">December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched &#39;Hyundai Winter Delight&#39; under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.</p>

<p style="text-align: justify;">According to the company, customers will be given cash discount, free insurance facility for one year, finance facility at attractive interest rate and free road tax facility. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4847',
			'image' => '20161230110712_hyundai.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5036',
			'article_category_id' => '1',
			'title' => 'Conflicting Provisions Create Difficulty in Radio Frequency Policy Implementation',
			'sub_title' => '',
			'summary' => 'December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.',
			'content' => '<p style="text-align:justify">December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.</p>

<p style="text-align:justify">As per the Telecommunications Act 2053, a separate committee under the Chairmanship of Communication Minister has been formulated to take decision on policy formulation and distribution of radio frequency. The policy formulated by the committee exercising the right given by the Act has been implemented as law by the Authority. Thus, the policy used as law being ambiguous is absurd, said experts. &ldquo;The implementation of conflicting policy is challenging,&rdquo; said Manohar Prasad Bhattarai, Experts of information and communication.</p>

<p style="text-align:justify">Meanwhile, Ananda Raj Khanal, Senior Director of NTA disagrees regarding to the conflicting policy. &ldquo;As the mechanisms of merger and entrance of new service provider have different objectives, &nbsp;it should not be tagged as conflicted,&rdquo; he opined. He added that the merger policy is adopted for service providers lacking competitive capacity. &ldquo;It does not mean halting entrance of service provider with competitive capacity.&rdquo;</p>

<p style="text-align:justify">&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4846',
			'image' => '20161229044928_nta.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5035',
			'article_category_id' => '1',
			'title' => 'CE's Support to Senior Citizens',
			'sub_title' => '',
			'summary' => 'December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25th anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.',
			'content' => '<p style="text-align: justify;">December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25<sup>th</sup> anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.</p>

<p style="text-align: justify;">The company distributed the essential materials to 24 Aashram residents with a slogan &#39;Making This Winter Warm&#39;. In the program, essentials materials including cleaning materials, diapers and hand wash tools were also distributed. As per the company, it will be organising various programs all year long to mark its 25<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4845',
			'image' => '20161229030327_ce.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5031',
			'article_category_id' => '1',
			'title' => 'SC Impedes Energy Minister's Decision',
			'sub_title' => '',
			'summary' => 'December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.  However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur',
			'content' => '<p style="text-align:justify">December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.&nbsp; However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur Pun, Chetraj Joshi and Umesh Thami in their place as board members. Following the incident, Lamichhane, one of the sacked board member filed writ petition against the MoE decision on December 27. &nbsp;</p>

<p style="text-align:justify">The single bench of Supreme Court justice Prakash Raut ordered the government not to implement the MoE&#39;s decision. Justice Raut, issuing an interim order to Ministry of Energy and NEA, ordered not to implement the decision of sacking the board members. With the interim order, Minister Sharma&#39;s decision of sacking the three board members of NEA has impeded for now. The three board members had their tenure till mid-April 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4844',
			'image' => '20161229113649_nea.JPG',
			'article_date' => '2016-12-29 00:00:00',
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		'Article' => array(
			'id' => '5030',
			'article_category_id' => '1',
			'title' => 'PHC Paves Way for NEPSE to Purchase Online Trading Platform',
			'sub_title' => '',
			'summary' => 'December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.',
			'content' => '<p style="text-align: justify;">December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.</p>

<p style="text-align: justify;">Earlier, NEPSE entered into an agreement with software vendor, YCO, to purchase the online trading platform so that to introduce the fully automated online trading platform in the domestic securities market. &nbsp;As per the agreement, the software is required to be installed within 10-14 months of period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229105614_nepse.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5032',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch at Khalanga',
			'sub_title' => '',
			'summary' => 'December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs.  ',
			'content' => '<p style="text-align:justify">December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229120218_NB Bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'id' => '5033',
			'article_category_id' => '1',
			'title' => 'Century Bank to Acquire Innovative and Araniko Devt Bank',
			'sub_title' => '',
			'summary' => 'December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.',
			'content' => '<p style="text-align:justify">December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.</p>

<p style="text-align:justify">Issuing a press statement, the bank said that it targets to achieve the minimum paid-up capital cap of Rs 8 billion as per NRB directive through acquisition, right share issuance and profit earning. With the NRB approval, the bank aims to start the integration transaction within next month. Presently, Araniko Development Bank and Innovative Development Bank have Rs 257.8 million and Rs 290 million paid-up capital respectively. After acquiring the development banks, the century bank will be providing its services from more than 50 branches. &nbsp;</p>
',
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			'created' => '2016-12-29',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229122813_century commecial bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5045',
			'article_category_id' => '1',
			'title' => 'Ace Development Bank in ASBA system',
			'sub_title' => '',
			'summary' => 'January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.',
			'content' => '<p style="text-align: justify;">January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-01',
			'modified' => '2017-01-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4855',
			'image' => '20170101112151_ace.jpg',
			'article_date' => '2017-01-01 00:00:00',
			'homepage' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '5044',
			'article_category_id' => '1',
			'title' => 'NT to Start 4G services from New Year',
			'sub_title' => '',
			'summary' => 'December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.',
			'content' => '<p style="text-align: justify;">December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.</p>

<p style="text-align: justify;">At first, 4G service will be available in Kathmandu, Bhaktapur, Lalitpur and major cities of Pokhara. The infrastructure work has completed as previously installed mobile towers and equipments in the capital and urban areas can facilitate 4G service as well.</p>

<p style="text-align: justify;">Telecom has separated 5MHz frequency reforming its 15MHz for 4G in 1800 band. &quot;The 4G service will be started with the same 5MHz,&quot; said Shobhan Adhikari, Co-Spokesperson of NT.</p>

<p style="text-align: justify;">Meanwhile, NT has not taken approval from NTA on tariff rate till date. According to Digambar Jha, Chairman of NTA, the company can move ahead with promotional plan for tariff. &ldquo;The process of decreasing data rate on volume base is the promotional plan,&rdquo; he said, adding, &ldquo;NTA has provided discount for three months on 4G.&rdquo;</p>

<p style="text-align: justify;">4G service will not be available in old SIM cards. The service will be available in recently issued universal SIM card only. In order to get the 4G service, customers will have to exchange their old SIM card with a new one.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4854',
			'image' => '20161230032238_nt.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5043',
			'article_category_id' => '1',
			'title' => 'CG Expanding WaiWai in Europe',
			'sub_title' => '',
			'summary' => 'December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.',
			'content' => '<p style="text-align: justify;">December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.</p>

<p style="text-align: justify;">&quot;As per our campaign of expanding WaiWai to the global market, we are expanding the brand in Europe,&quot; said Chaudhary, after the meet with PM. &quot;The expansion an attempt to showcase Nepali industry and trade in the international scenario.&quot;</p>

<p style="text-align: justify;">During the meet, Siberian PM thanked CG for establishing the plant and generating investment and employment. &nbsp;&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4853',
			'image' => '20161230025307_cg.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5042',
			'article_category_id' => '1',
			'title' => 'IEC Nominated in Fashion Asia Award',
			'sub_title' => '',
			'summary' => 'December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the 'The Fashion Asia Award' which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well. ',
			'content' => '<p style="text-align: justify;">December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the &#39;The Fashion Asia Award&#39; which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4852',
			'image' => '20161230013951_iec.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '5041',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank Initiates Consortium Loan to Likhu 2 HEP',
			'sub_title' => '',
			'summary' => 'December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.',
			'content' => '<p style="text-align: justify;">December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.</p>

<p style="text-align: justify;">On December 29, a memorandum of understanding (MoU) was signed between the promoter company and the BFIs regarding providing a total of Rs 4.51 billion loan to the 33.4MW capacity HEP. Neeraj Kumar Shrestha, CEO of Macchapuchchhre Bank and Moti Lal Dugar, Chairman of Global Hydropower signed the MoU amid a program.</p>

<p style="text-align: justify;">The total cost of the HEP is estimated to be Rs 6.2 million in which the BFIs&#39; loan investment will be 75 per cent and promoter&#39;s self-investment will be 25 per cent. The HEP is situated in Gumdel of Ramechhap and Bhakanje VDC of Solukhumbu. As per a study, a total of 182.5 million units of power will be generated from the HEP annually.</p>

<p style="text-align: justify;">According to the power purchase agreement with Nepal Electricity Authority, the project will construct a transmission line to connect the electricity produced to New Khimti sub-station for distribution through national transmission system. The HEP promoter targets to construct the primary infrastructure within next 23 months and generate electricity within next four years.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4851',
			'image' => '20161230010522_likhu.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5040',
			'article_category_id' => '1',
			'title' => 'Chhimek Approves Bonus share',
			'sub_title' => '',
			'summary' => 'December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15th annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15<sup>th</sup> annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">In the AGM, Bhuwaneshori Pant, Chairman of board of directors of the bank presented the annual report of the bank. Headquartered at Baneshwor, Kathmandu, the national level bank is providing microfinance services in 61 districts through 122 branches. The bank which was established in 2001 earned Rs 471.5 million net profit in the FY 2072/73.</p>

<p style="text-align: justify;">&quot;The AGM unanimously elected Vishwo Mitra Shrestha and karna Bahadur Ghale as board members from general shareholders,&quot; informed Ram Chandra Joshi, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4850',
			'image' => '20161230114947_chhimek.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5039',
			'article_category_id' => '1',
			'title' => 'Guragain Elected IPPAN President',
			'sub_title' => '',
			'summary' => 'December 30: Shailendra Guragain has been elected President of Independent Power Producers' Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel   as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish G',
			'content' => '<p style="text-align: justify;">December 30: Shailendra Guragain has been elected President of Independent Power Producers&#39; Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel &nbsp;&nbsp;as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish Garg, Him Pathak and Ganesh Karki have been elected as the members.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4849',
			'image' => '20161230113128_ippan.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5038',
			'article_category_id' => '1',
			'title' => 'Ghimire Appointed IB President',
			'sub_title' => '',
			'summary' => 'December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site.  ',
			'content' => '<p style="text-align: justify;">December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site. &nbsp;</p>

<p style="text-align: justify;">During the meeting of council of ministers which took place on Thursday morning, Finance Minister Krishna Bahadur Mahara recommended Dr Ghimire, Ramesh Kumar Bhattarai and Chiranjivi Chapagain for the post. Nonetheless, the meeting failed to derive a conclusion due to the disagreement between the ministers. Dr Ghimire is considered to be close to the Communist Party of Nepal (Maoist-Centre).The post of IB Chairman was vacated since December 22 after the end of the tenure of Prof Dr Fatta Bahadur KC.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4848',
			'image' => '20161230112802_ib chairman.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5037',
			'article_category_id' => '1',
			'title' => 'Hyundai Winter Delight',
			'sub_title' => '',
			'summary' => 'December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched 'Hyundai Winter Delight' under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.',
			'content' => '<p style="text-align: justify;">December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched &#39;Hyundai Winter Delight&#39; under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.</p>

<p style="text-align: justify;">According to the company, customers will be given cash discount, free insurance facility for one year, finance facility at attractive interest rate and free road tax facility. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
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			'description' => '',
			'sortorder' => '4847',
			'image' => '20161230110712_hyundai.jpg',
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		'Article' => array(
			'id' => '5036',
			'article_category_id' => '1',
			'title' => 'Conflicting Provisions Create Difficulty in Radio Frequency Policy Implementation',
			'sub_title' => '',
			'summary' => 'December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.',
			'content' => '<p style="text-align:justify">December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.</p>

<p style="text-align:justify">As per the Telecommunications Act 2053, a separate committee under the Chairmanship of Communication Minister has been formulated to take decision on policy formulation and distribution of radio frequency. The policy formulated by the committee exercising the right given by the Act has been implemented as law by the Authority. Thus, the policy used as law being ambiguous is absurd, said experts. &ldquo;The implementation of conflicting policy is challenging,&rdquo; said Manohar Prasad Bhattarai, Experts of information and communication.</p>

<p style="text-align:justify">Meanwhile, Ananda Raj Khanal, Senior Director of NTA disagrees regarding to the conflicting policy. &ldquo;As the mechanisms of merger and entrance of new service provider have different objectives, &nbsp;it should not be tagged as conflicted,&rdquo; he opined. He added that the merger policy is adopted for service providers lacking competitive capacity. &ldquo;It does not mean halting entrance of service provider with competitive capacity.&rdquo;</p>

<p style="text-align:justify">&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>
',
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			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4846',
			'image' => '20161229044928_nta.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5035',
			'article_category_id' => '1',
			'title' => 'CE's Support to Senior Citizens',
			'sub_title' => '',
			'summary' => 'December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25th anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.',
			'content' => '<p style="text-align: justify;">December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25<sup>th</sup> anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.</p>

<p style="text-align: justify;">The company distributed the essential materials to 24 Aashram residents with a slogan &#39;Making This Winter Warm&#39;. In the program, essentials materials including cleaning materials, diapers and hand wash tools were also distributed. As per the company, it will be organising various programs all year long to mark its 25<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4845',
			'image' => '20161229030327_ce.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5031',
			'article_category_id' => '1',
			'title' => 'SC Impedes Energy Minister's Decision',
			'sub_title' => '',
			'summary' => 'December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.  However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur',
			'content' => '<p style="text-align:justify">December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.&nbsp; However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur Pun, Chetraj Joshi and Umesh Thami in their place as board members. Following the incident, Lamichhane, one of the sacked board member filed writ petition against the MoE decision on December 27. &nbsp;</p>

<p style="text-align:justify">The single bench of Supreme Court justice Prakash Raut ordered the government not to implement the MoE&#39;s decision. Justice Raut, issuing an interim order to Ministry of Energy and NEA, ordered not to implement the decision of sacking the board members. With the interim order, Minister Sharma&#39;s decision of sacking the three board members of NEA has impeded for now. The three board members had their tenure till mid-April 2017.&nbsp;</p>
',
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			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4844',
			'image' => '20161229113649_nea.JPG',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5030',
			'article_category_id' => '1',
			'title' => 'PHC Paves Way for NEPSE to Purchase Online Trading Platform',
			'sub_title' => '',
			'summary' => 'December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.',
			'content' => '<p style="text-align: justify;">December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.</p>

<p style="text-align: justify;">Earlier, NEPSE entered into an agreement with software vendor, YCO, to purchase the online trading platform so that to introduce the fully automated online trading platform in the domestic securities market. &nbsp;As per the agreement, the software is required to be installed within 10-14 months of period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229105614_nepse.jpg',
			'article_date' => '2016-12-29 00:00:00',
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			'id' => '5032',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch at Khalanga',
			'sub_title' => '',
			'summary' => 'December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs.  ',
			'content' => '<p style="text-align:justify">December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229120218_NB Bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5033',
			'article_category_id' => '1',
			'title' => 'Century Bank to Acquire Innovative and Araniko Devt Bank',
			'sub_title' => '',
			'summary' => 'December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.',
			'content' => '<p style="text-align:justify">December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.</p>

<p style="text-align:justify">Issuing a press statement, the bank said that it targets to achieve the minimum paid-up capital cap of Rs 8 billion as per NRB directive through acquisition, right share issuance and profit earning. With the NRB approval, the bank aims to start the integration transaction within next month. Presently, Araniko Development Bank and Innovative Development Bank have Rs 257.8 million and Rs 290 million paid-up capital respectively. After acquiring the development banks, the century bank will be providing its services from more than 50 branches. &nbsp;</p>
',
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			'sortorder' => '4843',
			'image' => '20161229122813_century commecial bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5045',
			'article_category_id' => '1',
			'title' => 'Ace Development Bank in ASBA system',
			'sub_title' => '',
			'summary' => 'January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.',
			'content' => '<p style="text-align: justify;">January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-01',
			'modified' => '2017-01-01',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4855',
			'image' => '20170101112151_ace.jpg',
			'article_date' => '2017-01-01 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '5044',
			'article_category_id' => '1',
			'title' => 'NT to Start 4G services from New Year',
			'sub_title' => '',
			'summary' => 'December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.',
			'content' => '<p style="text-align: justify;">December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.</p>

<p style="text-align: justify;">At first, 4G service will be available in Kathmandu, Bhaktapur, Lalitpur and major cities of Pokhara. The infrastructure work has completed as previously installed mobile towers and equipments in the capital and urban areas can facilitate 4G service as well.</p>

<p style="text-align: justify;">Telecom has separated 5MHz frequency reforming its 15MHz for 4G in 1800 band. &quot;The 4G service will be started with the same 5MHz,&quot; said Shobhan Adhikari, Co-Spokesperson of NT.</p>

<p style="text-align: justify;">Meanwhile, NT has not taken approval from NTA on tariff rate till date. According to Digambar Jha, Chairman of NTA, the company can move ahead with promotional plan for tariff. &ldquo;The process of decreasing data rate on volume base is the promotional plan,&rdquo; he said, adding, &ldquo;NTA has provided discount for three months on 4G.&rdquo;</p>

<p style="text-align: justify;">4G service will not be available in old SIM cards. The service will be available in recently issued universal SIM card only. In order to get the 4G service, customers will have to exchange their old SIM card with a new one.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4854',
			'image' => '20161230032238_nt.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5043',
			'article_category_id' => '1',
			'title' => 'CG Expanding WaiWai in Europe',
			'sub_title' => '',
			'summary' => 'December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.',
			'content' => '<p style="text-align: justify;">December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.</p>

<p style="text-align: justify;">&quot;As per our campaign of expanding WaiWai to the global market, we are expanding the brand in Europe,&quot; said Chaudhary, after the meet with PM. &quot;The expansion an attempt to showcase Nepali industry and trade in the international scenario.&quot;</p>

<p style="text-align: justify;">During the meet, Siberian PM thanked CG for establishing the plant and generating investment and employment. &nbsp;&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4853',
			'image' => '20161230025307_cg.jpg',
			'article_date' => '2016-12-30 00:00:00',
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			'id' => '5042',
			'article_category_id' => '1',
			'title' => 'IEC Nominated in Fashion Asia Award',
			'sub_title' => '',
			'summary' => 'December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the 'The Fashion Asia Award' which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well. ',
			'content' => '<p style="text-align: justify;">December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the &#39;The Fashion Asia Award&#39; which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well.&nbsp;</p>
',
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			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4852',
			'image' => '20161230013951_iec.jpg',
			'article_date' => '2016-12-30 00:00:00',
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		'Article' => array(
			'id' => '5041',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank Initiates Consortium Loan to Likhu 2 HEP',
			'sub_title' => '',
			'summary' => 'December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.',
			'content' => '<p style="text-align: justify;">December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.</p>

<p style="text-align: justify;">On December 29, a memorandum of understanding (MoU) was signed between the promoter company and the BFIs regarding providing a total of Rs 4.51 billion loan to the 33.4MW capacity HEP. Neeraj Kumar Shrestha, CEO of Macchapuchchhre Bank and Moti Lal Dugar, Chairman of Global Hydropower signed the MoU amid a program.</p>

<p style="text-align: justify;">The total cost of the HEP is estimated to be Rs 6.2 million in which the BFIs&#39; loan investment will be 75 per cent and promoter&#39;s self-investment will be 25 per cent. The HEP is situated in Gumdel of Ramechhap and Bhakanje VDC of Solukhumbu. As per a study, a total of 182.5 million units of power will be generated from the HEP annually.</p>

<p style="text-align: justify;">According to the power purchase agreement with Nepal Electricity Authority, the project will construct a transmission line to connect the electricity produced to New Khimti sub-station for distribution through national transmission system. The HEP promoter targets to construct the primary infrastructure within next 23 months and generate electricity within next four years.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
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	(int) 5 => array(
		'Article' => array(
			'id' => '5040',
			'article_category_id' => '1',
			'title' => 'Chhimek Approves Bonus share',
			'sub_title' => '',
			'summary' => 'December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15th annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15<sup>th</sup> annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">In the AGM, Bhuwaneshori Pant, Chairman of board of directors of the bank presented the annual report of the bank. Headquartered at Baneshwor, Kathmandu, the national level bank is providing microfinance services in 61 districts through 122 branches. The bank which was established in 2001 earned Rs 471.5 million net profit in the FY 2072/73.</p>

<p style="text-align: justify;">&quot;The AGM unanimously elected Vishwo Mitra Shrestha and karna Bahadur Ghale as board members from general shareholders,&quot; informed Ram Chandra Joshi, CEO of the bank.&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '4850',
			'image' => '20161230114947_chhimek.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5039',
			'article_category_id' => '1',
			'title' => 'Guragain Elected IPPAN President',
			'sub_title' => '',
			'summary' => 'December 30: Shailendra Guragain has been elected President of Independent Power Producers' Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel   as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish G',
			'content' => '<p style="text-align: justify;">December 30: Shailendra Guragain has been elected President of Independent Power Producers&#39; Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel &nbsp;&nbsp;as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish Garg, Him Pathak and Ganesh Karki have been elected as the members.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4849',
			'image' => '20161230113128_ippan.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5038',
			'article_category_id' => '1',
			'title' => 'Ghimire Appointed IB President',
			'sub_title' => '',
			'summary' => 'December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site.  ',
			'content' => '<p style="text-align: justify;">December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site. &nbsp;</p>

<p style="text-align: justify;">During the meeting of council of ministers which took place on Thursday morning, Finance Minister Krishna Bahadur Mahara recommended Dr Ghimire, Ramesh Kumar Bhattarai and Chiranjivi Chapagain for the post. Nonetheless, the meeting failed to derive a conclusion due to the disagreement between the ministers. Dr Ghimire is considered to be close to the Communist Party of Nepal (Maoist-Centre).The post of IB Chairman was vacated since December 22 after the end of the tenure of Prof Dr Fatta Bahadur KC.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4848',
			'image' => '20161230112802_ib chairman.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5037',
			'article_category_id' => '1',
			'title' => 'Hyundai Winter Delight',
			'sub_title' => '',
			'summary' => 'December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched 'Hyundai Winter Delight' under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.',
			'content' => '<p style="text-align: justify;">December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched &#39;Hyundai Winter Delight&#39; under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.</p>

<p style="text-align: justify;">According to the company, customers will be given cash discount, free insurance facility for one year, finance facility at attractive interest rate and free road tax facility. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4847',
			'image' => '20161230110712_hyundai.jpg',
			'article_date' => '2016-12-30 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5036',
			'article_category_id' => '1',
			'title' => 'Conflicting Provisions Create Difficulty in Radio Frequency Policy Implementation',
			'sub_title' => '',
			'summary' => 'December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.',
			'content' => '<p style="text-align:justify">December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.</p>

<p style="text-align:justify">As per the Telecommunications Act 2053, a separate committee under the Chairmanship of Communication Minister has been formulated to take decision on policy formulation and distribution of radio frequency. The policy formulated by the committee exercising the right given by the Act has been implemented as law by the Authority. Thus, the policy used as law being ambiguous is absurd, said experts. &ldquo;The implementation of conflicting policy is challenging,&rdquo; said Manohar Prasad Bhattarai, Experts of information and communication.</p>

<p style="text-align:justify">Meanwhile, Ananda Raj Khanal, Senior Director of NTA disagrees regarding to the conflicting policy. &ldquo;As the mechanisms of merger and entrance of new service provider have different objectives, &nbsp;it should not be tagged as conflicted,&rdquo; he opined. He added that the merger policy is adopted for service providers lacking competitive capacity. &ldquo;It does not mean halting entrance of service provider with competitive capacity.&rdquo;</p>

<p style="text-align:justify">&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>
',
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			'sortorder' => '4846',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5035',
			'article_category_id' => '1',
			'title' => 'CE's Support to Senior Citizens',
			'sub_title' => '',
			'summary' => 'December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25th anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.',
			'content' => '<p style="text-align: justify;">December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25<sup>th</sup> anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.</p>

<p style="text-align: justify;">The company distributed the essential materials to 24 Aashram residents with a slogan &#39;Making This Winter Warm&#39;. In the program, essentials materials including cleaning materials, diapers and hand wash tools were also distributed. As per the company, it will be organising various programs all year long to mark its 25<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4845',
			'image' => '20161229030327_ce.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5031',
			'article_category_id' => '1',
			'title' => 'SC Impedes Energy Minister's Decision',
			'sub_title' => '',
			'summary' => 'December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.  However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur',
			'content' => '<p style="text-align:justify">December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.&nbsp; However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur Pun, Chetraj Joshi and Umesh Thami in their place as board members. Following the incident, Lamichhane, one of the sacked board member filed writ petition against the MoE decision on December 27. &nbsp;</p>

<p style="text-align:justify">The single bench of Supreme Court justice Prakash Raut ordered the government not to implement the MoE&#39;s decision. Justice Raut, issuing an interim order to Ministry of Energy and NEA, ordered not to implement the decision of sacking the board members. With the interim order, Minister Sharma&#39;s decision of sacking the three board members of NEA has impeded for now. The three board members had their tenure till mid-April 2017.&nbsp;</p>
',
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			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4844',
			'image' => '20161229113649_nea.JPG',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5030',
			'article_category_id' => '1',
			'title' => 'PHC Paves Way for NEPSE to Purchase Online Trading Platform',
			'sub_title' => '',
			'summary' => 'December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.',
			'content' => '<p style="text-align: justify;">December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.</p>

<p style="text-align: justify;">Earlier, NEPSE entered into an agreement with software vendor, YCO, to purchase the online trading platform so that to introduce the fully automated online trading platform in the domestic securities market. &nbsp;As per the agreement, the software is required to be installed within 10-14 months of period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229105614_nepse.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5032',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch at Khalanga',
			'sub_title' => '',
			'summary' => 'December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs.  ',
			'content' => '<p style="text-align:justify">December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229120218_NB Bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5033',
			'article_category_id' => '1',
			'title' => 'Century Bank to Acquire Innovative and Araniko Devt Bank',
			'sub_title' => '',
			'summary' => 'December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.',
			'content' => '<p style="text-align:justify">December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.</p>

<p style="text-align:justify">Issuing a press statement, the bank said that it targets to achieve the minimum paid-up capital cap of Rs 8 billion as per NRB directive through acquisition, right share issuance and profit earning. With the NRB approval, the bank aims to start the integration transaction within next month. Presently, Araniko Development Bank and Innovative Development Bank have Rs 257.8 million and Rs 290 million paid-up capital respectively. After acquiring the development banks, the century bank will be providing its services from more than 50 branches. &nbsp;</p>
',
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			'image' => '20161229122813_century commecial bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '5045',
			'article_category_id' => '1',
			'title' => 'Ace Development Bank in ASBA system',
			'sub_title' => '',
			'summary' => 'January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.',
			'content' => '<p style="text-align: justify;">January 1: Ace Development Bank has obtained an approval for ASBA (Applications Supported by Blocked Amount) from Securities Board of Nepal (SEBON). The customers can now submit share application from the bank, informed the bank in a press statement. SEBON recently granted Ace Development Bank with the approval. According to the bank, it will start the system from January 14.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'title' => 'NT to Start 4G services from New Year',
			'sub_title' => '',
			'summary' => 'December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.',
			'content' => '<p style="text-align: justify;">December 30: Nepal Telecom (NT) is all set to start 4G service in Kathmandu and Pokhara from January 1. NT is in final stage for the operation of 4G service. NT, finishing the equipment and software installation and system upgradation, is in the phase for trial of the service. According to the clause of starting the service in the given date by Nepal Telecommunications Authority (NTA), NT is accelerating the preparation.</p>

<p style="text-align: justify;">At first, 4G service will be available in Kathmandu, Bhaktapur, Lalitpur and major cities of Pokhara. The infrastructure work has completed as previously installed mobile towers and equipments in the capital and urban areas can facilitate 4G service as well.</p>

<p style="text-align: justify;">Telecom has separated 5MHz frequency reforming its 15MHz for 4G in 1800 band. &quot;The 4G service will be started with the same 5MHz,&quot; said Shobhan Adhikari, Co-Spokesperson of NT.</p>

<p style="text-align: justify;">Meanwhile, NT has not taken approval from NTA on tariff rate till date. According to Digambar Jha, Chairman of NTA, the company can move ahead with promotional plan for tariff. &ldquo;The process of decreasing data rate on volume base is the promotional plan,&rdquo; he said, adding, &ldquo;NTA has provided discount for three months on 4G.&rdquo;</p>

<p style="text-align: justify;">4G service will not be available in old SIM cards. The service will be available in recently issued universal SIM card only. In order to get the 4G service, customers will have to exchange their old SIM card with a new one.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4854',
			'image' => '20161230032238_nt.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5043',
			'article_category_id' => '1',
			'title' => 'CG Expanding WaiWai in Europe',
			'sub_title' => '',
			'summary' => 'December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.',
			'content' => '<p style="text-align: justify;">December 30: Chaudhary Group has speed up the preparations of manufacturing and distributing its Wai Wai brand in Europe. Issuing a press statement, the CG informed that the task of setting plant in Ruma of Serbia has reached the final stage. Regarding the matter, Chairman of CG, Binod Chaudhary met with Serbian Prime Minister AleksandarVučić, ministers of energy, tourism and agriculture along with Ruma Mayor SladjanMancic. The meeting was attended by Nirwan Chaudhary, Managing Director of CG and other high officials.</p>

<p style="text-align: justify;">&quot;As per our campaign of expanding WaiWai to the global market, we are expanding the brand in Europe,&quot; said Chaudhary, after the meet with PM. &quot;The expansion an attempt to showcase Nepali industry and trade in the international scenario.&quot;</p>

<p style="text-align: justify;">During the meet, Siberian PM thanked CG for establishing the plant and generating investment and employment. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4853',
			'image' => '20161230025307_cg.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5042',
			'article_category_id' => '1',
			'title' => 'IEC Nominated in Fashion Asia Award',
			'sub_title' => '',
			'summary' => 'December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the 'The Fashion Asia Award' which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well. ',
			'content' => '<p style="text-align: justify;">December 30: IEC College of Art and Fashion has been nominated in five categories of Fashion Asia Award. Issuing a press statement, the college said that it is a great honour for the college to be able to be nominated in the &#39;The Fashion Asia Award&#39; which is also considered as Oscar of Asia. According to the college, the award function will be organised in Chongqing of China on December 30. In the award, various institutions from China, Japan, Indonesia, Malaysia, Hongkong, Thailand, Korea and India are nominated as well.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4852',
			'image' => '20161230013951_iec.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5041',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank Initiates Consortium Loan to Likhu 2 HEP',
			'sub_title' => '',
			'summary' => 'December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.',
			'content' => '<p style="text-align: justify;">December 30: Machhapuchchhre Bank along with another six BFIs are providing consortium loan to Likhu 2 Hydropower Project. The Likhu 2 HEP promoted by Global Hydropower Associate is being financed by Mega Bank, Nepal SBI, Nepal Bangladesh, Everest and Vibor Society Development Bank besides Macchapuchchhre Bank.</p>

<p style="text-align: justify;">On December 29, a memorandum of understanding (MoU) was signed between the promoter company and the BFIs regarding providing a total of Rs 4.51 billion loan to the 33.4MW capacity HEP. Neeraj Kumar Shrestha, CEO of Macchapuchchhre Bank and Moti Lal Dugar, Chairman of Global Hydropower signed the MoU amid a program.</p>

<p style="text-align: justify;">The total cost of the HEP is estimated to be Rs 6.2 million in which the BFIs&#39; loan investment will be 75 per cent and promoter&#39;s self-investment will be 25 per cent. The HEP is situated in Gumdel of Ramechhap and Bhakanje VDC of Solukhumbu. As per a study, a total of 182.5 million units of power will be generated from the HEP annually.</p>

<p style="text-align: justify;">According to the power purchase agreement with Nepal Electricity Authority, the project will construct a transmission line to connect the electricity produced to New Khimti sub-station for distribution through national transmission system. The HEP promoter targets to construct the primary infrastructure within next 23 months and generate electricity within next four years.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4851',
			'image' => '20161230010522_likhu.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5040',
			'article_category_id' => '1',
			'title' => 'Chhimek Approves Bonus share',
			'sub_title' => '',
			'summary' => 'December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15th annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.',
			'content' => '<p style="text-align: justify;">December 30: Chhimek Laghubitta Bikash Bank is distributing 40 per cent bonus share and 12.70 per cent cash dividend from the distributable income of FY 2072/73. The 15<sup>th</sup> annual general meeting held on December 28 at Hetauda endorsed the proposal of distributing the bonus share to its shareholders.</p>

<p style="text-align: justify;">In the AGM, Bhuwaneshori Pant, Chairman of board of directors of the bank presented the annual report of the bank. Headquartered at Baneshwor, Kathmandu, the national level bank is providing microfinance services in 61 districts through 122 branches. The bank which was established in 2001 earned Rs 471.5 million net profit in the FY 2072/73.</p>

<p style="text-align: justify;">&quot;The AGM unanimously elected Vishwo Mitra Shrestha and karna Bahadur Ghale as board members from general shareholders,&quot; informed Ram Chandra Joshi, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4850',
			'image' => '20161230114947_chhimek.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5039',
			'article_category_id' => '1',
			'title' => 'Guragain Elected IPPAN President',
			'sub_title' => '',
			'summary' => 'December 30: Shailendra Guragain has been elected President of Independent Power Producers' Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel   as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish G',
			'content' => '<p style="text-align: justify;">December 30: Shailendra Guragain has been elected President of Independent Power Producers&#39; Association, Nepal (IPPAN). The 15th Annual General Meeting (AGM) of the association of Nepali private power producers has also formed the working committee under the chairmanship of Guragain. The AGM held on December 28 elected Kumar Pandey as the Vice-president, Tuk Prasad Paudel &nbsp;&nbsp;as General Secretary and Ananda Chaudhary as the Treasurer of the association. Similarly, Narendra Prajapati, Sudhir Timilsina, Pratik Pradhan, Ashish Garg, Him Pathak and Ganesh Karki have been elected as the members.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4849',
			'image' => '20161230113128_ippan.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5038',
			'article_category_id' => '1',
			'title' => 'Ghimire Appointed IB President',
			'sub_title' => '',
			'summary' => 'December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site.  ',
			'content' => '<p style="text-align: justify;">December 30: The government has appointed Dr Rabindra Ghimire as the Chairman of Insurance Board (IB). The meeting of council of minister which took place on December 29 decided for his appointment as the Chairman. Ghimire, who is a PhD in Insurance, is the Assistant Professor in Pokhara University. Though a formal announcement regarding his appointment has not been made, he is flooded by congratulation messages in his social media site. &nbsp;</p>

<p style="text-align: justify;">During the meeting of council of ministers which took place on Thursday morning, Finance Minister Krishna Bahadur Mahara recommended Dr Ghimire, Ramesh Kumar Bhattarai and Chiranjivi Chapagain for the post. Nonetheless, the meeting failed to derive a conclusion due to the disagreement between the ministers. Dr Ghimire is considered to be close to the Communist Party of Nepal (Maoist-Centre).The post of IB Chairman was vacated since December 22 after the end of the tenure of Prof Dr Fatta Bahadur KC.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4848',
			'image' => '20161230112802_ib chairman.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5037',
			'article_category_id' => '1',
			'title' => 'Hyundai Winter Delight',
			'sub_title' => '',
			'summary' => 'December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched 'Hyundai Winter Delight' under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.',
			'content' => '<p style="text-align: justify;">December 30: Laxmi intercontinental, the authorised distributor of Hyundai vehicles for Nepal has launched a new scheme for customers. The company launched &#39;Hyundai Winter Delight&#39; under which the customers will be given attractive discount on the purchase of Hyundai vehicles. Issuing a press statement, the company informed that the scheme that began nationwide on December 29 will last for limited period of time.</p>

<p style="text-align: justify;">According to the company, customers will be given cash discount, free insurance facility for one year, finance facility at attractive interest rate and free road tax facility. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-30',
			'modified' => '2016-12-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4847',
			'image' => '20161230110712_hyundai.jpg',
			'article_date' => '2016-12-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5036',
			'article_category_id' => '1',
			'title' => 'Conflicting Provisions Create Difficulty in Radio Frequency Policy Implementation',
			'sub_title' => '',
			'summary' => 'December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.',
			'content' => '<p style="text-align:justify">December 29: A conflict is seen in the government policy adopted after the first amendment of Radio Frequency (Pricing and Distribution) Policy. The additional merger related policy prepared by radio Frequency Policy Determination Committee under the chairmanship of Minister for Information and Communication (MoIC) is conflicted to the another system of the same policy. On the one hand, the merger policy encourages merger in order to bring down the number of service providers which is more compare to the telecommunication market of Nepal. On the other hand, the policy also opens an alternative way for the entrance of new service provider.</p>

<p style="text-align:justify">As per the Telecommunications Act 2053, a separate committee under the Chairmanship of Communication Minister has been formulated to take decision on policy formulation and distribution of radio frequency. The policy formulated by the committee exercising the right given by the Act has been implemented as law by the Authority. Thus, the policy used as law being ambiguous is absurd, said experts. &ldquo;The implementation of conflicting policy is challenging,&rdquo; said Manohar Prasad Bhattarai, Experts of information and communication.</p>

<p style="text-align:justify">Meanwhile, Ananda Raj Khanal, Senior Director of NTA disagrees regarding to the conflicting policy. &ldquo;As the mechanisms of merger and entrance of new service provider have different objectives, &nbsp;it should not be tagged as conflicted,&rdquo; he opined. He added that the merger policy is adopted for service providers lacking competitive capacity. &ldquo;It does not mean halting entrance of service provider with competitive capacity.&rdquo;</p>

<p style="text-align:justify">&nbsp; &nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4846',
			'image' => '20161229044928_nta.jpg',
			'article_date' => '2016-12-29 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5035',
			'article_category_id' => '1',
			'title' => 'CE's Support to Senior Citizens',
			'sub_title' => '',
			'summary' => 'December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25th anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.',
			'content' => '<p style="text-align: justify;">December 29: CE Construction has provided essentials materials to senior and vulnerable citizens of Manav Sewa Aashram, Samakhusi. Issuing a press statement, the company informed of distributing blankets along with other materials to the Aashram residents on the occasion of its 25<sup>th</sup> anniversary. Sambhu Phuyal, General Manager of the company handed over the materials to the Aashram.</p>

<p style="text-align: justify;">The company distributed the essential materials to 24 Aashram residents with a slogan &#39;Making This Winter Warm&#39;. In the program, essentials materials including cleaning materials, diapers and hand wash tools were also distributed. As per the company, it will be organising various programs all year long to mark its 25<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4845',
			'image' => '20161229030327_ce.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '5031',
			'article_category_id' => '1',
			'title' => 'SC Impedes Energy Minister's Decision',
			'sub_title' => '',
			'summary' => 'December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.  However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur',
			'content' => '<p style="text-align:justify">December 29: The Supreme Court has issued interim order to Ministry of Energy not to execute the decision of sacking three board members of Nepal Electricity Authority. Janardan Sharma, Minister of Energy, on December 19, sacked the board members Laxman Agrawal, Manoj Mishra and Suraj Lamichanne of NEA citing unsupportive toward minimising power cut campaign and institutional good governance of NEA. Minister Sharma demanded clarification from the board members on acting against their code of conduct.&nbsp; However, upon not receiving a satisfying clarification, Minister Sharma sacked the board members and appointed Bhakta Bahdur Pun, Chetraj Joshi and Umesh Thami in their place as board members. Following the incident, Lamichhane, one of the sacked board member filed writ petition against the MoE decision on December 27. &nbsp;</p>

<p style="text-align:justify">The single bench of Supreme Court justice Prakash Raut ordered the government not to implement the MoE&#39;s decision. Justice Raut, issuing an interim order to Ministry of Energy and NEA, ordered not to implement the decision of sacking the board members. With the interim order, Minister Sharma&#39;s decision of sacking the three board members of NEA has impeded for now. The three board members had their tenure till mid-April 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4844',
			'image' => '20161229113649_nea.JPG',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5030',
			'article_category_id' => '1',
			'title' => 'PHC Paves Way for NEPSE to Purchase Online Trading Platform',
			'sub_title' => '',
			'summary' => 'December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.',
			'content' => '<p style="text-align: justify;">December 29: Patan High Court (PHC) has released the obstacle on the purchase of online trading platform of Nepal Stock Exchange (NEPSE). On Wednesday, December 28, the joint bench of justice duo Neeta Gautam and Bal Krishna Upreti reversed the decision taken by Kathmandu District Court paving a way for NEPSE to purchase online trading platform. Moreover, the court also ordered to implement the agreement between NEPSE and YCO Company regarding software purchase on March 2016.</p>

<p style="text-align: justify;">Earlier, NEPSE entered into an agreement with software vendor, YCO, to purchase the online trading platform so that to introduce the fully automated online trading platform in the domestic securities market. &nbsp;As per the agreement, the software is required to be installed within 10-14 months of period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229105614_nepse.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5032',
			'article_category_id' => '1',
			'title' => 'NB Bank's Branch at Khalanga',
			'sub_title' => '',
			'summary' => 'December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs.  ',
			'content' => '<p style="text-align:justify">December 29: Nepal Bangladesh (NB) Bank has started a new branch at Khalanga of Rukum. Madhav Prasad Neupane, Director of the bank inaugurated the branch amid a function on December 28. In the program, Kranti Kumar Sapkota, Musikot Branch Manager highlighted the services of the bank. With the addition, the network of the bank has expanded by 38 branches, 2 extension counters, 7 branchless banking units and 36 ATMs. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229120218_NB Bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5033',
			'article_category_id' => '1',
			'title' => 'Century Bank to Acquire Innovative and Araniko Devt Bank',
			'sub_title' => '',
			'summary' => 'December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.',
			'content' => '<p style="text-align:justify">December 29: Century Commercial Bank is acquiring Innovative Development Bank and Araniko Development Bank. The bank has acquired an approval from Nepal Rastra Bank to acquire the two development banks. After the acquisition, the paid-up capital of Century Bank will reach above Rs 5 billion.</p>

<p style="text-align:justify">Issuing a press statement, the bank said that it targets to achieve the minimum paid-up capital cap of Rs 8 billion as per NRB directive through acquisition, right share issuance and profit earning. With the NRB approval, the bank aims to start the integration transaction within next month. Presently, Araniko Development Bank and Innovative Development Bank have Rs 257.8 million and Rs 290 million paid-up capital respectively. After acquiring the development banks, the century bank will be providing its services from more than 50 branches. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-29',
			'modified' => '2016-12-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4843',
			'image' => '20161229122813_century commecial bank.jpg',
			'article_date' => '2016-12-29 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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