Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '4894',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Launches NCHL-IPS Fund Transfer System through Internet Banking',
			'sub_title' => '',
			'summary' => 'December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5th December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank a',
			'content' => '<p style="text-align: justify;">December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5<sup>th</sup> December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank availing Internet Banking service can now transfer fund to more than 60 Financial Institutions including all the commercial banks which are associated with NCHL-IPS system, said the press statement issued by the bank.</p>

<p style="text-align: justify;">According to the statement, the bank is the first financial institution in Nepal to incorporate NCHL-IPS fund transfer system through internet banking service.</p>

<p style="text-align: justify;">&nbsp;&quot;The service has been launched in continuation to serve our valued customers exclusively by offering an array of products and services reaffirming our commitment to focus on the customers. It also comes in line with the bank&#39;s &quot;Bank Pani Saathi Pani&quot; brand promise where we are here and committed to offer innovative services and providing easy and convenient banking access for our customers. The service expects to meet the preference of the customer to avail banking services from their own locations,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '4724',
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			'id' => '4893',
			'article_category_id' => '1',
			'title' => 'Higher Studies on Mobile Application to Start in Nepal',
			'sub_title' => '',
			'summary' => 'December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor',
			'content' => '<p style="text-align:justify">December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor John Raftery, Vice Chancellor of the university signed the agreement.</p>

<p style="text-align:justify">&quot;Realising the importance and scope of mobile apps in all current activities, an academic program is being started. In first lot, a total of 80 students will be given admission,&quot; said CEO Budhathoki.&nbsp;</p>

<p style="text-align:justify">As per the MoU, scholarship up to 75 per cent will be provided to those students completing Bachelor&#39;s degree from the college and interested to pursue their Master&#39;s degree in information technology and management. Similarly, both educational institutions will operate MBA program in which students exchange program will also be conducted. Likewise, students can also pursue the PHD program under which the students will have to join the university during the final year only. &nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-09',
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			'description' => '',
			'sortorder' => '4723',
			'image' => '20161208041744_islington college.jpg',
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			'id' => '4892',
			'article_category_id' => '1',
			'title' => 'Sibisu's More than Expected Scheme',
			'sub_title' => '',
			'summary' => 'December 8: Subisu cablenet, cable television, internet and network services provider company has launched 'More Than Expected' scheme. The company brought the scheme on the occasion of its 16th anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.',
			'content' => '<p style="text-align: justify;">December 8: Subisu cablenet, cable television, internet and network services provider company has launched &#39;More Than Expected&#39; scheme. The company brought the scheme on the occasion of its 16<sup>th</sup> anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.</p>

<p style="text-align: justify;">The company informed that the customers can subscribe clear TV and internet package at Rs 2,999 and clear TV combo package at Rs 7,999 under the scheme. The scheme launched for limited period is available from all customer centres of Subisu. &nbsp;&nbsp;</p>
',
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			'created' => '2016-12-08',
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			'description' => '',
			'sortorder' => '4722',
			'image' => '20161208034048_subisu.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4891',
			'article_category_id' => '1',
			'title' => 'Nepal needs a major economic and industrial departure: Joshi',
			'sub_title' => '',
			'summary' => 'December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. “Nepal needs a major departure for economic and industrial development,” Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned',
			'content' => '<p style="text-align: justify;">December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. &ldquo;Nepal needs a major departure for economic and industrial development,&rdquo; Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned that it was important create more enterprises to generate employment within the country to reduce foreign employment. &ldquo;We want our youths to move to foreign countries as skilled human resource and experts in different field rather than going to work there as labors,&rdquo; he said. Currently, Nepal has a working population of 48 per cent, and every year, 500,000 youths enter the job market.</p>

<p style="text-align: justify;">Minister Joshi urged Nepali entrepreneurs to focus on utilizing the available resources without giving much concern to the prolonged political instability. &ldquo;Producing quality products and marketing them nationally and internationally will definitely improve the economic condition of the country,&rdquo; he said.</p>

<p style="text-align: justify;">According to the report unveiled in the programme, the combined efforts of MEDPA and MEDEP have helped increase per capita income by 343.8 per cent from Rs 17,605 to Rs78, 133.</p>

<p style="text-align: justify;">As per the data, there currently are 115,014 micro entrepreneurs in the country. The report also highlighted the inclusive structure of the number with 70 per cent women, 30 per cent Dalits, 40 per cent indigenous groups and 40 per cent Madheshis.</p>

<p style="text-align: justify;">&ldquo;The programmes of MEDPA have identified the steps for developing entrepreneurship and market demands in national and international frontiers in 69 districts till now. The organisation also aims to solve the problems of micro enterprises like high interest rates of commercial banks, lack of financial institutions in remote areas and reach to all 75 districts by 2018,&rdquo; said Yam Kumari Khatiwada, Spokesperson at the Ministry of Industry (MOI) said while presenting MEDPA&#39;s progress reviewof the past six years.</p>

<p style="text-align: justify;">&nbsp;&ldquo;The programme will help in Nepal&rsquo;s goal to reduce poverty and graduate from Least Developed Countries by 2022,&rdquo; said Sophie Kemkhadze, Deputy Country Director of the UNDP, adding, &ldquo;However, the larger industries need to make collaborative efforts to promote the micro enterprises to help in the government&rsquo;s goal.&rdquo;</p>

<p style="text-align: justify;">Similarly, Ainsley Hemming, Head of Development Cooperation at the Australian Embassy in Nepal further assured Australia&rsquo;s commitment to assist Nepal to achieve its target working closely with the MoI to strengthen and institutionalise micro entrepreneurship development.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-12-08',
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			'description' => '',
			'sortorder' => '4721',
			'image' => '20161208025054_joshi.jpg',
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	(int) 4 => array(
		'Article' => array(
			'id' => '4890',
			'article_category_id' => '1',
			'title' => 'Power from Daraudi ‘A’ Connected to National Grid',
			'sub_title' => '',
			'summary' => 'December 8: Electricity produced from the 3.2MW Daraudi ‘A’ Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electrici',
			'content' => '<p style="text-align: justify;">December 8<strong>:&nbsp;</strong>Electricity produced from the 3.2MW Daraudi &lsquo;A&rsquo; Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electricity produced in the trial production without charges to Nepal Electricity Authority (NEA) for 15 days.</p>

<p style="text-align: justify;">The project&rsquo;s commercial production of electricity started from December 2. However, the project&rsquo;s installed capacity is 6MW. The produced electricity was connected to the central grid after constructing a 19 kilometers transmission line connecting the project site Mucchowk and sub-station at Gorkha Bazzar.</p>

<p style="text-align: justify;">As per Gurung, the total cost of the project amounted to Rs 1.25 billion which was initially estimated at Rs 940 million. &nbsp;&ldquo;The expenditure and time both increased due to last year&rsquo;s earthquake and Terai unrest,&rdquo; he said. &ldquo;The rise in the cost was due to the increase in the overhead expenditure during the construction period along with the expensive diesel during the border blockade.&rdquo;</p>

<p style="text-align: justify;">Similarly, channelizing the water through tunnel rather than the canal also contributed to the increase,&rdquo; mentioned Gurung. He said that only 300 trees were cut down instead of the designated 900 while channelising water through the tunnel.</p>

<p style="text-align: justify;">The project with seven promoters has investments from Global IME Bank and Machhapuchre Bank. According to the project&rsquo;s developer Kalika Hydropower, the Daraudi &lsquo;A&rsquo; will float general shares within four months after the completion of the share rating. &nbsp;The construction of Daraudi &lsquo;A&rsquo; concluded in the three years after the commencement of project&rsquo;s development.&nbsp;</p>
',
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			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4720',
			'image' => '20161208023931_daraudi.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4889',
			'article_category_id' => '1',
			'title' => 'SEBON Releases Right Share and FPO Issuance for Sectors Other than Finance',
			'sub_title' => '',
			'summary' => 'December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance co',
			'content' => '<p style="text-align: justify;">December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance company and insurance. Previously, SEBON formed a committee in a bid to make the right shares and FPO of the sectors other than aforementioned sectors obvious, fair and transparent. SEBON released the right share and FPO issuance on December 6 applying eight point conditions and standard as per the report submitted by the committee.</p>

<p style="text-align: justify;">&quot;The new standard is implemented to make the secondary market transaction of listed companies that are not regulated by separate bodies including hydropower, hotel, manufacturing and processing more organised,&quot; said Niraj Giri, Executive Director of SEBON. With the SEBON decision, these companies can now mobilise capital through right share and FPO. However, the capital thus accumulated can be spent on the predetermined sectors set by SEBON.</p>

<p style="text-align: justify;">The board has also set standards for the right share or FPO issuing organisation or projects promoted by those organisations. First of all, the organisation must endorsed the clear financial plan and strategies related with the mobilisation of funds accumulated through right share or FPO issuance from the annual general meeting.</p>

<p style="text-align: justify;">Similarly, the board, issuing a statement, has said that the basis of grounds behind the proportion of issuing right shares should be apparent. Moreover, the companies must conduct credit rating after two years of issuing initial public offering. Likewise, the organisation can issue the right share or FPO only after payment of cent per cent issue capital. &nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4719',
			'image' => '20161208023352_sebon.JPG',
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		'Article' => array(
			'id' => '4888',
			'article_category_id' => '1',
			'title' => 'JCB Branch in Surkhet',
			'sub_title' => '',
			'summary' => 'December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with ',
			'content' => '<p style="text-align: justify;">December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with high calibre as well as easy services to the customers. He also highlighted on requirement of reducing the service fee of JCB.</p>

<p style="text-align: justify;">Similarly, Bishnu Poudel, Vice-President of Association of Nepal Heavy Equipment Entrepreneurs, Surkhet opined that the company will support in the development of Province no 6. Likewise, Sanjib Deuja, Marketing Head of JCB clarified that besides having machines, various problems have aroused due to brain drain of engineers operating the machines.&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4718',
			'image' => '20161208112939_jcb.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4887',
			'article_category_id' => '1',
			'title' => 'Nabil Science and Technology Award Granted',
			'sub_title' => '',
			'summary' => 'December 8: Nepal Academy of Science and Technology (NAST) has awarded 'Nabil Science and Technology Prize'. NAST awarded four senior researchers with the prize on the occasion of its 37th anniversary.',
			'content' => '<p style="text-align: justify;">December 8: Nepal Academy of Science and Technology (NAST) has awarded &#39;Nabil Science and Technology Prize&#39;. NAST awarded four senior researchers with the prize on the occasion of its 37<sup>th</sup> anniversary.</p>

<p style="text-align: justify;">Prof Dr Tanka Nath Dhamala, Dr Hari Prasad Aryal, Prof Dr Krishna Das Manandhar and Prof Dr Srijan Lal Shrestha has been honoured with the prizes, informed the press release issued by the bank. The monetary value of the prize is Rs 125,000 each.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4717',
			'image' => '20161208110713_nabil.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4886',
			'article_category_id' => '1',
			'title' => 'NCC Team Leaves for Delhi',
			'sub_title' => '',
			'summary' => 'December 8: A Nepal Chamber of Commerce (NCC) representatives' team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.',
			'content' => '<p style="text-align:justify">December 8: A Nepal Chamber of Commerce (NCC) representatives&#39; team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.</p>

<p style="text-align:justify">Along with the NCC President, members of NCC work committee including Rastra Bhusan Chakubaji, Krishna Man Shrestha, Niraj Rai and Tikaram Shrestha are also participating in the expo organised by PHD Chamber of Commerce India. The expo has been organised from last 10 years where nearly 400 national and international sellers and 250,000 buyers of SAARC countries take participation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4716',
			'image' => '20161208105638_ncc.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4885',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between IME and Oxygen India',
			'sub_title' => '',
			'summary' => 'December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.',
			'content' => '<p style="text-align: justify;">December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.</p>

<p style="text-align: justify;">&quot;The agreement will help to end the practice of sending money through third person&#39;s hand or through any bank. IME will be there to provide superior and effective service based on modern technology,&quot; said Hemraj Dhakal, Managing Director of IME. &quot;The agreement between Oxygen, a company providing digital financial service and IME, a company entering the digital financial service will facilitate the Nepalis resided in India of sending their earnings home through faster, convenient and reliable network.&quot; He also opined that the co-ordination will minimise the Nepalis&#39; compulsion of purchasing Indian rupees selling dollars. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4715',
			'image' => '20161208103715_ime.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4884',
			'article_category_id' => '1',
			'title' => '98% Mobile Phones Imported from China',
			'sub_title' => '',
			'summary' => 'December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, ',
			'content' => '<p style="text-align: justify;">December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, mobile phones worth Rs 13.92 billion were imported from China in FY2015/16 out of the total import of Rs 14.23 billion. Last FY saw 4.5 million mobile sets enter the country. According to Amit Agrawal, General Secretary the newly formed Mobile Phone Importers Association, the inflow is due to the fact that most of the major global and regional mobile manufacturers produce their products in China &ldquo;Most of the iPhones and Android phones are produced in China,&rdquo; he says, adding, &ldquo;Brands such as Apple and Samsung are manufacturing their handsets there. Beside this, the market presence of Chinese brands has also increased sharply.&rdquo; &nbsp;</p>

<p style="text-align: justify;">According to the statistics, India is the second largest country to export mobile phones in Nepal after China. In FY2015/16, mobile phones of Rs 266.1 million were imported from India accounting 1.86 per cent of the total import. Meanwhile, Nepal also imports mobile phones from Hong Kong, South Korea, United Kingdom and United States. The TEPC statistics shows that Nepal imports cellular devices from 66 different countries.</p>

<p style="text-align: justify;">The demand of mobile phones in Nepal has skyrocketed with the expansion of the mobile service networks in the recent years. According to a Nepal Telecommunications Authority data, 30.3 million SIM cards have been distributed throughout the country by mid-August 2016. On the basis of the Population Census conducted in 2068 BS, the SIM distribution data is 13.46 per cent higher than the total population.&nbsp;</p>
',
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			'created' => '2016-12-07',
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			'description' => '',
			'sortorder' => '4714',
			'image' => '20161207045623_chinese phone.JPG',
			'article_date' => '2016-12-07 00:00:00',
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			'id' => '4883',
			'article_category_id' => '1',
			'title' => 'International Volunteer Day 2016 celebrated',
			'sub_title' => '',
			'summary' => 'December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event's celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, ',
			'content' => '<p style="margin-left: 10.35pt; text-align: justify;">December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event&#39;s celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, social inclusion and private sector responsibility to development were discussed in the programme.</p>

<p style="margin-left: 10.35pt; text-align: justify;">The IVD 2016 was celebrated with a theme &quot;#Global Applause-Give volunteer&#39;s a hand!&quot;. In the programme, three volunteers were honoured for their diverse contributions in Nepal. They were chosen as winners and were awarded with cash prizes. These winners were chosen by a jury of celebrities,&nbsp; including singer Indira Joshi, member of the rock band 1974 AD Sanjay Shrestha, former Miss Nepal Malvika Subba , former Miss Nepal Earth Nagma Shrestha and Mega Bank CEO Anil Shah who themselves are voluntarily engaged in advocacy and awareness raising.</p>

<p style="margin-left: 10.35pt; text-align: justify;">Issuing a press statement, the UN in Nepal said that the objective of the IVD celebration is to provide a platform for volunteers to improve collaboration and create further actions for tangible results. &quot;By sharing individual volunteer stories as part of our Nepal IVD 2016 campaign &ldquo;I volunteer-here is my story!&rdquo; we want to share how a single person can make a difference and inspire others to take action,&quot; reads the statement.&nbsp;</p>

<p style="margin-left: 9pt; text-align: justify;">&nbsp;</p>
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			'id' => '4882',
			'article_category_id' => '1',
			'title' => 'Construction Sector Requires Proper Address from Government: FCAN',
			'sub_title' => '',
			'summary' => 'December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail's pace of nation building process due to the government's tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect em',
			'content' => '<p style="text-align: justify;">December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail&#39;s pace of nation building process due to the government&#39;s tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect employments. Based on the work experience gained in the sector, thousands of Nepalis are migrating to foreign countries for employment. Even though the government has not been able to either properly systemize the sector or to utilise the labour force in the process of nation building, they opined.</p>

<p style="text-align: justify;">The construction entrepreneurs complained on being unrecognised as an industry besides completing 25 years of formation of Federation of Contractors&#39; Associations of Nepal (FCAN), an umbrella organisation of construction entrepreneurs of the nation. They opined that the public&#39;s stale attitude toward construction entrepreneurs and the government&#39;s outdated policies have created various problems to the sector. &quot;Although more than 12,000 entrepreneurs are engaged in the construction sector and despite being a helping hand in the nation building, the government has not given adequate attention toward making the sector secure,&quot; said Sharad Kumar Gauchan, President of FCAN.</p>

<p style="text-align: justify;">&quot;Lack of labour force, scarcity of local raw materials and conducts of government, local public and in some circumstances, construction entrepreneurs are the main problems of the sector,&quot; said Ram Sharan Dueja, General Secretary of FCAN. He added &quot;We have problems as well; however, the Public Procurement Act and other few tactical positions are such that do not provide any benefit to the government and public.&quot;</p>
',
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			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4712',
			'image' => '20161207015241_FCAN.JPG',
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			'id' => '4881',
			'article_category_id' => '1',
			'title' => 'Furnex Nepal 2016-Concludes: Successful in Promoting Brands',
			'sub_title' => '',
			'summary' => 'December 174: The 4th furniture and furnishing expo 'Furnex Nepal 2016" organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vic',
			'content' => '<p style="text-align: justify;">December 174: The 4<sup>th</sup>&nbsp;furniture and furnishing expo &#39;Furnex Nepal 2016&quot; organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vice-Presidentof NFFA and Conveyor of Expo Main Organiser Committee, the expo observed the participation of many engineers, interior designers, professionals and other general public. He said &quot;The expo is being visited by significant numbers of visitors beyond our expectation which has further motivated us.&nbsp; It has helped in furniture branding as well.&quot;</p>

<p style="text-align: justify;">Most visitors, in the expo, had shown enthusiasm towards furniture and mattresses. On the last day of the expo, five lucky draw competitions were organized in which Diya Traders, Spaces Magazines, Dolphin Chair, Supreme Chair and Pallavi International sponsored various merchandise. &nbsp;</p>

<p style="text-align: justify;">The expo showcased various furnishing products, furniture and home appliances. Moreover, the expo also provided Vastu Consultation. The expo aimed of bringing related businessmen, producers, sellers, buyers in the same platform in order to promote the local and imported products. Shaan Furniture Udhyog was the title sponsor while Yeti Flooring and Gem Flooring were the main sponsors of the expo.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '4711',
			'image' => '20161207115324_funex final.jpg',
			'article_date' => '2016-12-07 00:00:00',
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			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Launches Swarnim Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 7: Tourism Development Bank has launched a new product 'Swarnim Fixed Deposit' scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000. ',
			'content' => '<p style="text-align: justify;">December 7: Tourism Development Bank has launched a new product &#39;Swarnim Fixed Deposit&#39; scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000.&nbsp;</p>
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			'image' => '20161207112712_tourims.jpg',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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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 60]
Code Context
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		'Article' => array(
			'id' => '4894',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Launches NCHL-IPS Fund Transfer System through Internet Banking',
			'sub_title' => '',
			'summary' => 'December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5th December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank a',
			'content' => '<p style="text-align: justify;">December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5<sup>th</sup> December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank availing Internet Banking service can now transfer fund to more than 60 Financial Institutions including all the commercial banks which are associated with NCHL-IPS system, said the press statement issued by the bank.</p>

<p style="text-align: justify;">According to the statement, the bank is the first financial institution in Nepal to incorporate NCHL-IPS fund transfer system through internet banking service.</p>

<p style="text-align: justify;">&nbsp;&quot;The service has been launched in continuation to serve our valued customers exclusively by offering an array of products and services reaffirming our commitment to focus on the customers. It also comes in line with the bank&#39;s &quot;Bank Pani Saathi Pani&quot; brand promise where we are here and committed to offer innovative services and providing easy and convenient banking access for our customers. The service expects to meet the preference of the customer to avail banking services from their own locations,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4724',
			'image' => '20161208050502_NIC ASIA Logo.jpg',
			'article_date' => '2016-12-08 00:00:00',
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			'id' => '4893',
			'article_category_id' => '1',
			'title' => 'Higher Studies on Mobile Application to Start in Nepal',
			'sub_title' => '',
			'summary' => 'December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor',
			'content' => '<p style="text-align:justify">December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor John Raftery, Vice Chancellor of the university signed the agreement.</p>

<p style="text-align:justify">&quot;Realising the importance and scope of mobile apps in all current activities, an academic program is being started. In first lot, a total of 80 students will be given admission,&quot; said CEO Budhathoki.&nbsp;</p>

<p style="text-align:justify">As per the MoU, scholarship up to 75 per cent will be provided to those students completing Bachelor&#39;s degree from the college and interested to pursue their Master&#39;s degree in information technology and management. Similarly, both educational institutions will operate MBA program in which students exchange program will also be conducted. Likewise, students can also pursue the PHD program under which the students will have to join the university during the final year only. &nbsp;</p>
',
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			'sortorder' => '4723',
			'image' => '20161208041744_islington college.jpg',
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			'id' => '4892',
			'article_category_id' => '1',
			'title' => 'Sibisu's More than Expected Scheme',
			'sub_title' => '',
			'summary' => 'December 8: Subisu cablenet, cable television, internet and network services provider company has launched 'More Than Expected' scheme. The company brought the scheme on the occasion of its 16th anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.',
			'content' => '<p style="text-align: justify;">December 8: Subisu cablenet, cable television, internet and network services provider company has launched &#39;More Than Expected&#39; scheme. The company brought the scheme on the occasion of its 16<sup>th</sup> anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.</p>

<p style="text-align: justify;">The company informed that the customers can subscribe clear TV and internet package at Rs 2,999 and clear TV combo package at Rs 7,999 under the scheme. The scheme launched for limited period is available from all customer centres of Subisu. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4722',
			'image' => '20161208034048_subisu.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4891',
			'article_category_id' => '1',
			'title' => 'Nepal needs a major economic and industrial departure: Joshi',
			'sub_title' => '',
			'summary' => 'December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. “Nepal needs a major departure for economic and industrial development,” Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned',
			'content' => '<p style="text-align: justify;">December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. &ldquo;Nepal needs a major departure for economic and industrial development,&rdquo; Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned that it was important create more enterprises to generate employment within the country to reduce foreign employment. &ldquo;We want our youths to move to foreign countries as skilled human resource and experts in different field rather than going to work there as labors,&rdquo; he said. Currently, Nepal has a working population of 48 per cent, and every year, 500,000 youths enter the job market.</p>

<p style="text-align: justify;">Minister Joshi urged Nepali entrepreneurs to focus on utilizing the available resources without giving much concern to the prolonged political instability. &ldquo;Producing quality products and marketing them nationally and internationally will definitely improve the economic condition of the country,&rdquo; he said.</p>

<p style="text-align: justify;">According to the report unveiled in the programme, the combined efforts of MEDPA and MEDEP have helped increase per capita income by 343.8 per cent from Rs 17,605 to Rs78, 133.</p>

<p style="text-align: justify;">As per the data, there currently are 115,014 micro entrepreneurs in the country. The report also highlighted the inclusive structure of the number with 70 per cent women, 30 per cent Dalits, 40 per cent indigenous groups and 40 per cent Madheshis.</p>

<p style="text-align: justify;">&ldquo;The programmes of MEDPA have identified the steps for developing entrepreneurship and market demands in national and international frontiers in 69 districts till now. The organisation also aims to solve the problems of micro enterprises like high interest rates of commercial banks, lack of financial institutions in remote areas and reach to all 75 districts by 2018,&rdquo; said Yam Kumari Khatiwada, Spokesperson at the Ministry of Industry (MOI) said while presenting MEDPA&#39;s progress reviewof the past six years.</p>

<p style="text-align: justify;">&nbsp;&ldquo;The programme will help in Nepal&rsquo;s goal to reduce poverty and graduate from Least Developed Countries by 2022,&rdquo; said Sophie Kemkhadze, Deputy Country Director of the UNDP, adding, &ldquo;However, the larger industries need to make collaborative efforts to promote the micro enterprises to help in the government&rsquo;s goal.&rdquo;</p>

<p style="text-align: justify;">Similarly, Ainsley Hemming, Head of Development Cooperation at the Australian Embassy in Nepal further assured Australia&rsquo;s commitment to assist Nepal to achieve its target working closely with the MoI to strengthen and institutionalise micro entrepreneurship development.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4721',
			'image' => '20161208025054_joshi.jpg',
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	(int) 4 => array(
		'Article' => array(
			'id' => '4890',
			'article_category_id' => '1',
			'title' => 'Power from Daraudi ‘A’ Connected to National Grid',
			'sub_title' => '',
			'summary' => 'December 8: Electricity produced from the 3.2MW Daraudi ‘A’ Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electrici',
			'content' => '<p style="text-align: justify;">December 8<strong>:&nbsp;</strong>Electricity produced from the 3.2MW Daraudi &lsquo;A&rsquo; Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electricity produced in the trial production without charges to Nepal Electricity Authority (NEA) for 15 days.</p>

<p style="text-align: justify;">The project&rsquo;s commercial production of electricity started from December 2. However, the project&rsquo;s installed capacity is 6MW. The produced electricity was connected to the central grid after constructing a 19 kilometers transmission line connecting the project site Mucchowk and sub-station at Gorkha Bazzar.</p>

<p style="text-align: justify;">As per Gurung, the total cost of the project amounted to Rs 1.25 billion which was initially estimated at Rs 940 million. &nbsp;&ldquo;The expenditure and time both increased due to last year&rsquo;s earthquake and Terai unrest,&rdquo; he said. &ldquo;The rise in the cost was due to the increase in the overhead expenditure during the construction period along with the expensive diesel during the border blockade.&rdquo;</p>

<p style="text-align: justify;">Similarly, channelizing the water through tunnel rather than the canal also contributed to the increase,&rdquo; mentioned Gurung. He said that only 300 trees were cut down instead of the designated 900 while channelising water through the tunnel.</p>

<p style="text-align: justify;">The project with seven promoters has investments from Global IME Bank and Machhapuchre Bank. According to the project&rsquo;s developer Kalika Hydropower, the Daraudi &lsquo;A&rsquo; will float general shares within four months after the completion of the share rating. &nbsp;The construction of Daraudi &lsquo;A&rsquo; concluded in the three years after the commencement of project&rsquo;s development.&nbsp;</p>
',
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			'modified' => '2016-12-08',
			'keywords' => '',
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			'sortorder' => '4720',
			'image' => '20161208023931_daraudi.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4889',
			'article_category_id' => '1',
			'title' => 'SEBON Releases Right Share and FPO Issuance for Sectors Other than Finance',
			'sub_title' => '',
			'summary' => 'December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance co',
			'content' => '<p style="text-align: justify;">December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance company and insurance. Previously, SEBON formed a committee in a bid to make the right shares and FPO of the sectors other than aforementioned sectors obvious, fair and transparent. SEBON released the right share and FPO issuance on December 6 applying eight point conditions and standard as per the report submitted by the committee.</p>

<p style="text-align: justify;">&quot;The new standard is implemented to make the secondary market transaction of listed companies that are not regulated by separate bodies including hydropower, hotel, manufacturing and processing more organised,&quot; said Niraj Giri, Executive Director of SEBON. With the SEBON decision, these companies can now mobilise capital through right share and FPO. However, the capital thus accumulated can be spent on the predetermined sectors set by SEBON.</p>

<p style="text-align: justify;">The board has also set standards for the right share or FPO issuing organisation or projects promoted by those organisations. First of all, the organisation must endorsed the clear financial plan and strategies related with the mobilisation of funds accumulated through right share or FPO issuance from the annual general meeting.</p>

<p style="text-align: justify;">Similarly, the board, issuing a statement, has said that the basis of grounds behind the proportion of issuing right shares should be apparent. Moreover, the companies must conduct credit rating after two years of issuing initial public offering. Likewise, the organisation can issue the right share or FPO only after payment of cent per cent issue capital. &nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '4888',
			'article_category_id' => '1',
			'title' => 'JCB Branch in Surkhet',
			'sub_title' => '',
			'summary' => 'December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with ',
			'content' => '<p style="text-align: justify;">December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with high calibre as well as easy services to the customers. He also highlighted on requirement of reducing the service fee of JCB.</p>

<p style="text-align: justify;">Similarly, Bishnu Poudel, Vice-President of Association of Nepal Heavy Equipment Entrepreneurs, Surkhet opined that the company will support in the development of Province no 6. Likewise, Sanjib Deuja, Marketing Head of JCB clarified that besides having machines, various problems have aroused due to brain drain of engineers operating the machines.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4718',
			'image' => '20161208112939_jcb.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '4887',
			'article_category_id' => '1',
			'title' => 'Nabil Science and Technology Award Granted',
			'sub_title' => '',
			'summary' => 'December 8: Nepal Academy of Science and Technology (NAST) has awarded 'Nabil Science and Technology Prize'. NAST awarded four senior researchers with the prize on the occasion of its 37th anniversary.',
			'content' => '<p style="text-align: justify;">December 8: Nepal Academy of Science and Technology (NAST) has awarded &#39;Nabil Science and Technology Prize&#39;. NAST awarded four senior researchers with the prize on the occasion of its 37<sup>th</sup> anniversary.</p>

<p style="text-align: justify;">Prof Dr Tanka Nath Dhamala, Dr Hari Prasad Aryal, Prof Dr Krishna Das Manandhar and Prof Dr Srijan Lal Shrestha has been honoured with the prizes, informed the press release issued by the bank. The monetary value of the prize is Rs 125,000 each.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4717',
			'image' => '20161208110713_nabil.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4886',
			'article_category_id' => '1',
			'title' => 'NCC Team Leaves for Delhi',
			'sub_title' => '',
			'summary' => 'December 8: A Nepal Chamber of Commerce (NCC) representatives' team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.',
			'content' => '<p style="text-align:justify">December 8: A Nepal Chamber of Commerce (NCC) representatives&#39; team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.</p>

<p style="text-align:justify">Along with the NCC President, members of NCC work committee including Rastra Bhusan Chakubaji, Krishna Man Shrestha, Niraj Rai and Tikaram Shrestha are also participating in the expo organised by PHD Chamber of Commerce India. The expo has been organised from last 10 years where nearly 400 national and international sellers and 250,000 buyers of SAARC countries take participation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4716',
			'image' => '20161208105638_ncc.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4885',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between IME and Oxygen India',
			'sub_title' => '',
			'summary' => 'December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.',
			'content' => '<p style="text-align: justify;">December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.</p>

<p style="text-align: justify;">&quot;The agreement will help to end the practice of sending money through third person&#39;s hand or through any bank. IME will be there to provide superior and effective service based on modern technology,&quot; said Hemraj Dhakal, Managing Director of IME. &quot;The agreement between Oxygen, a company providing digital financial service and IME, a company entering the digital financial service will facilitate the Nepalis resided in India of sending their earnings home through faster, convenient and reliable network.&quot; He also opined that the co-ordination will minimise the Nepalis&#39; compulsion of purchasing Indian rupees selling dollars. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4715',
			'image' => '20161208103715_ime.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '4884',
			'article_category_id' => '1',
			'title' => '98% Mobile Phones Imported from China',
			'sub_title' => '',
			'summary' => 'December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, ',
			'content' => '<p style="text-align: justify;">December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, mobile phones worth Rs 13.92 billion were imported from China in FY2015/16 out of the total import of Rs 14.23 billion. Last FY saw 4.5 million mobile sets enter the country. According to Amit Agrawal, General Secretary the newly formed Mobile Phone Importers Association, the inflow is due to the fact that most of the major global and regional mobile manufacturers produce their products in China &ldquo;Most of the iPhones and Android phones are produced in China,&rdquo; he says, adding, &ldquo;Brands such as Apple and Samsung are manufacturing their handsets there. Beside this, the market presence of Chinese brands has also increased sharply.&rdquo; &nbsp;</p>

<p style="text-align: justify;">According to the statistics, India is the second largest country to export mobile phones in Nepal after China. In FY2015/16, mobile phones of Rs 266.1 million were imported from India accounting 1.86 per cent of the total import. Meanwhile, Nepal also imports mobile phones from Hong Kong, South Korea, United Kingdom and United States. The TEPC statistics shows that Nepal imports cellular devices from 66 different countries.</p>

<p style="text-align: justify;">The demand of mobile phones in Nepal has skyrocketed with the expansion of the mobile service networks in the recent years. According to a Nepal Telecommunications Authority data, 30.3 million SIM cards have been distributed throughout the country by mid-August 2016. On the basis of the Population Census conducted in 2068 BS, the SIM distribution data is 13.46 per cent higher than the total population.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4714',
			'image' => '20161207045623_chinese phone.JPG',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4883',
			'article_category_id' => '1',
			'title' => 'International Volunteer Day 2016 celebrated',
			'sub_title' => '',
			'summary' => 'December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event's celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, ',
			'content' => '<p style="margin-left: 10.35pt; text-align: justify;">December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event&#39;s celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, social inclusion and private sector responsibility to development were discussed in the programme.</p>

<p style="margin-left: 10.35pt; text-align: justify;">The IVD 2016 was celebrated with a theme &quot;#Global Applause-Give volunteer&#39;s a hand!&quot;. In the programme, three volunteers were honoured for their diverse contributions in Nepal. They were chosen as winners and were awarded with cash prizes. These winners were chosen by a jury of celebrities,&nbsp; including singer Indira Joshi, member of the rock band 1974 AD Sanjay Shrestha, former Miss Nepal Malvika Subba , former Miss Nepal Earth Nagma Shrestha and Mega Bank CEO Anil Shah who themselves are voluntarily engaged in advocacy and awareness raising.</p>

<p style="margin-left: 10.35pt; text-align: justify;">Issuing a press statement, the UN in Nepal said that the objective of the IVD celebration is to provide a platform for volunteers to improve collaboration and create further actions for tangible results. &quot;By sharing individual volunteer stories as part of our Nepal IVD 2016 campaign &ldquo;I volunteer-here is my story!&rdquo; we want to share how a single person can make a difference and inspire others to take action,&quot; reads the statement.&nbsp;</p>

<p style="margin-left: 9pt; text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4713',
			'image' => '20161207023931_ivn.jpg',
			'article_date' => '2016-12-07 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '4882',
			'article_category_id' => '1',
			'title' => 'Construction Sector Requires Proper Address from Government: FCAN',
			'sub_title' => '',
			'summary' => 'December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail's pace of nation building process due to the government's tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect em',
			'content' => '<p style="text-align: justify;">December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail&#39;s pace of nation building process due to the government&#39;s tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect employments. Based on the work experience gained in the sector, thousands of Nepalis are migrating to foreign countries for employment. Even though the government has not been able to either properly systemize the sector or to utilise the labour force in the process of nation building, they opined.</p>

<p style="text-align: justify;">The construction entrepreneurs complained on being unrecognised as an industry besides completing 25 years of formation of Federation of Contractors&#39; Associations of Nepal (FCAN), an umbrella organisation of construction entrepreneurs of the nation. They opined that the public&#39;s stale attitude toward construction entrepreneurs and the government&#39;s outdated policies have created various problems to the sector. &quot;Although more than 12,000 entrepreneurs are engaged in the construction sector and despite being a helping hand in the nation building, the government has not given adequate attention toward making the sector secure,&quot; said Sharad Kumar Gauchan, President of FCAN.</p>

<p style="text-align: justify;">&quot;Lack of labour force, scarcity of local raw materials and conducts of government, local public and in some circumstances, construction entrepreneurs are the main problems of the sector,&quot; said Ram Sharan Dueja, General Secretary of FCAN. He added &quot;We have problems as well; however, the Public Procurement Act and other few tactical positions are such that do not provide any benefit to the government and public.&quot;</p>
',
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			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4712',
			'image' => '20161207015241_FCAN.JPG',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4881',
			'article_category_id' => '1',
			'title' => 'Furnex Nepal 2016-Concludes: Successful in Promoting Brands',
			'sub_title' => '',
			'summary' => 'December 174: The 4th furniture and furnishing expo 'Furnex Nepal 2016" organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vic',
			'content' => '<p style="text-align: justify;">December 174: The 4<sup>th</sup>&nbsp;furniture and furnishing expo &#39;Furnex Nepal 2016&quot; organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vice-Presidentof NFFA and Conveyor of Expo Main Organiser Committee, the expo observed the participation of many engineers, interior designers, professionals and other general public. He said &quot;The expo is being visited by significant numbers of visitors beyond our expectation which has further motivated us.&nbsp; It has helped in furniture branding as well.&quot;</p>

<p style="text-align: justify;">Most visitors, in the expo, had shown enthusiasm towards furniture and mattresses. On the last day of the expo, five lucky draw competitions were organized in which Diya Traders, Spaces Magazines, Dolphin Chair, Supreme Chair and Pallavi International sponsored various merchandise. &nbsp;</p>

<p style="text-align: justify;">The expo showcased various furnishing products, furniture and home appliances. Moreover, the expo also provided Vastu Consultation. The expo aimed of bringing related businessmen, producers, sellers, buyers in the same platform in order to promote the local and imported products. Shaan Furniture Udhyog was the title sponsor while Yeti Flooring and Gem Flooring were the main sponsors of the expo.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-07',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4711',
			'image' => '20161207115324_funex final.jpg',
			'article_date' => '2016-12-07 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4880',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Launches Swarnim Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 7: Tourism Development Bank has launched a new product 'Swarnim Fixed Deposit' scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000. ',
			'content' => '<p style="text-align: justify;">December 7: Tourism Development Bank has launched a new product &#39;Swarnim Fixed Deposit&#39; scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000.&nbsp;</p>
',
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			'sortorder' => '4710',
			'image' => '20161207112712_tourims.jpg',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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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

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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '4894',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Launches NCHL-IPS Fund Transfer System through Internet Banking',
			'sub_title' => '',
			'summary' => 'December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5th December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank a',
			'content' => '<p style="text-align: justify;">December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5<sup>th</sup> December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank availing Internet Banking service can now transfer fund to more than 60 Financial Institutions including all the commercial banks which are associated with NCHL-IPS system, said the press statement issued by the bank.</p>

<p style="text-align: justify;">According to the statement, the bank is the first financial institution in Nepal to incorporate NCHL-IPS fund transfer system through internet banking service.</p>

<p style="text-align: justify;">&nbsp;&quot;The service has been launched in continuation to serve our valued customers exclusively by offering an array of products and services reaffirming our commitment to focus on the customers. It also comes in line with the bank&#39;s &quot;Bank Pani Saathi Pani&quot; brand promise where we are here and committed to offer innovative services and providing easy and convenient banking access for our customers. The service expects to meet the preference of the customer to avail banking services from their own locations,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4724',
			'image' => '20161208050502_NIC ASIA Logo.jpg',
			'article_date' => '2016-12-08 00:00:00',
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		'Article' => array(
			'id' => '4893',
			'article_category_id' => '1',
			'title' => 'Higher Studies on Mobile Application to Start in Nepal',
			'sub_title' => '',
			'summary' => 'December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor',
			'content' => '<p style="text-align:justify">December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor John Raftery, Vice Chancellor of the university signed the agreement.</p>

<p style="text-align:justify">&quot;Realising the importance and scope of mobile apps in all current activities, an academic program is being started. In first lot, a total of 80 students will be given admission,&quot; said CEO Budhathoki.&nbsp;</p>

<p style="text-align:justify">As per the MoU, scholarship up to 75 per cent will be provided to those students completing Bachelor&#39;s degree from the college and interested to pursue their Master&#39;s degree in information technology and management. Similarly, both educational institutions will operate MBA program in which students exchange program will also be conducted. Likewise, students can also pursue the PHD program under which the students will have to join the university during the final year only. &nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4723',
			'image' => '20161208041744_islington college.jpg',
			'article_date' => '2016-12-08 00:00:00',
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			'id' => '4892',
			'article_category_id' => '1',
			'title' => 'Sibisu's More than Expected Scheme',
			'sub_title' => '',
			'summary' => 'December 8: Subisu cablenet, cable television, internet and network services provider company has launched 'More Than Expected' scheme. The company brought the scheme on the occasion of its 16th anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.',
			'content' => '<p style="text-align: justify;">December 8: Subisu cablenet, cable television, internet and network services provider company has launched &#39;More Than Expected&#39; scheme. The company brought the scheme on the occasion of its 16<sup>th</sup> anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.</p>

<p style="text-align: justify;">The company informed that the customers can subscribe clear TV and internet package at Rs 2,999 and clear TV combo package at Rs 7,999 under the scheme. The scheme launched for limited period is available from all customer centres of Subisu. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4722',
			'image' => '20161208034048_subisu.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '4891',
			'article_category_id' => '1',
			'title' => 'Nepal needs a major economic and industrial departure: Joshi',
			'sub_title' => '',
			'summary' => 'December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. “Nepal needs a major departure for economic and industrial development,” Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned',
			'content' => '<p style="text-align: justify;">December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. &ldquo;Nepal needs a major departure for economic and industrial development,&rdquo; Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned that it was important create more enterprises to generate employment within the country to reduce foreign employment. &ldquo;We want our youths to move to foreign countries as skilled human resource and experts in different field rather than going to work there as labors,&rdquo; he said. Currently, Nepal has a working population of 48 per cent, and every year, 500,000 youths enter the job market.</p>

<p style="text-align: justify;">Minister Joshi urged Nepali entrepreneurs to focus on utilizing the available resources without giving much concern to the prolonged political instability. &ldquo;Producing quality products and marketing them nationally and internationally will definitely improve the economic condition of the country,&rdquo; he said.</p>

<p style="text-align: justify;">According to the report unveiled in the programme, the combined efforts of MEDPA and MEDEP have helped increase per capita income by 343.8 per cent from Rs 17,605 to Rs78, 133.</p>

<p style="text-align: justify;">As per the data, there currently are 115,014 micro entrepreneurs in the country. The report also highlighted the inclusive structure of the number with 70 per cent women, 30 per cent Dalits, 40 per cent indigenous groups and 40 per cent Madheshis.</p>

<p style="text-align: justify;">&ldquo;The programmes of MEDPA have identified the steps for developing entrepreneurship and market demands in national and international frontiers in 69 districts till now. The organisation also aims to solve the problems of micro enterprises like high interest rates of commercial banks, lack of financial institutions in remote areas and reach to all 75 districts by 2018,&rdquo; said Yam Kumari Khatiwada, Spokesperson at the Ministry of Industry (MOI) said while presenting MEDPA&#39;s progress reviewof the past six years.</p>

<p style="text-align: justify;">&nbsp;&ldquo;The programme will help in Nepal&rsquo;s goal to reduce poverty and graduate from Least Developed Countries by 2022,&rdquo; said Sophie Kemkhadze, Deputy Country Director of the UNDP, adding, &ldquo;However, the larger industries need to make collaborative efforts to promote the micro enterprises to help in the government&rsquo;s goal.&rdquo;</p>

<p style="text-align: justify;">Similarly, Ainsley Hemming, Head of Development Cooperation at the Australian Embassy in Nepal further assured Australia&rsquo;s commitment to assist Nepal to achieve its target working closely with the MoI to strengthen and institutionalise micro entrepreneurship development.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4721',
			'image' => '20161208025054_joshi.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '4890',
			'article_category_id' => '1',
			'title' => 'Power from Daraudi ‘A’ Connected to National Grid',
			'sub_title' => '',
			'summary' => 'December 8: Electricity produced from the 3.2MW Daraudi ‘A’ Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electrici',
			'content' => '<p style="text-align: justify;">December 8<strong>:&nbsp;</strong>Electricity produced from the 3.2MW Daraudi &lsquo;A&rsquo; Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electricity produced in the trial production without charges to Nepal Electricity Authority (NEA) for 15 days.</p>

<p style="text-align: justify;">The project&rsquo;s commercial production of electricity started from December 2. However, the project&rsquo;s installed capacity is 6MW. The produced electricity was connected to the central grid after constructing a 19 kilometers transmission line connecting the project site Mucchowk and sub-station at Gorkha Bazzar.</p>

<p style="text-align: justify;">As per Gurung, the total cost of the project amounted to Rs 1.25 billion which was initially estimated at Rs 940 million. &nbsp;&ldquo;The expenditure and time both increased due to last year&rsquo;s earthquake and Terai unrest,&rdquo; he said. &ldquo;The rise in the cost was due to the increase in the overhead expenditure during the construction period along with the expensive diesel during the border blockade.&rdquo;</p>

<p style="text-align: justify;">Similarly, channelizing the water through tunnel rather than the canal also contributed to the increase,&rdquo; mentioned Gurung. He said that only 300 trees were cut down instead of the designated 900 while channelising water through the tunnel.</p>

<p style="text-align: justify;">The project with seven promoters has investments from Global IME Bank and Machhapuchre Bank. According to the project&rsquo;s developer Kalika Hydropower, the Daraudi &lsquo;A&rsquo; will float general shares within four months after the completion of the share rating. &nbsp;The construction of Daraudi &lsquo;A&rsquo; concluded in the three years after the commencement of project&rsquo;s development.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4720',
			'image' => '20161208023931_daraudi.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4889',
			'article_category_id' => '1',
			'title' => 'SEBON Releases Right Share and FPO Issuance for Sectors Other than Finance',
			'sub_title' => '',
			'summary' => 'December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance co',
			'content' => '<p style="text-align: justify;">December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance company and insurance. Previously, SEBON formed a committee in a bid to make the right shares and FPO of the sectors other than aforementioned sectors obvious, fair and transparent. SEBON released the right share and FPO issuance on December 6 applying eight point conditions and standard as per the report submitted by the committee.</p>

<p style="text-align: justify;">&quot;The new standard is implemented to make the secondary market transaction of listed companies that are not regulated by separate bodies including hydropower, hotel, manufacturing and processing more organised,&quot; said Niraj Giri, Executive Director of SEBON. With the SEBON decision, these companies can now mobilise capital through right share and FPO. However, the capital thus accumulated can be spent on the predetermined sectors set by SEBON.</p>

<p style="text-align: justify;">The board has also set standards for the right share or FPO issuing organisation or projects promoted by those organisations. First of all, the organisation must endorsed the clear financial plan and strategies related with the mobilisation of funds accumulated through right share or FPO issuance from the annual general meeting.</p>

<p style="text-align: justify;">Similarly, the board, issuing a statement, has said that the basis of grounds behind the proportion of issuing right shares should be apparent. Moreover, the companies must conduct credit rating after two years of issuing initial public offering. Likewise, the organisation can issue the right share or FPO only after payment of cent per cent issue capital. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4719',
			'image' => '20161208023352_sebon.JPG',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4888',
			'article_category_id' => '1',
			'title' => 'JCB Branch in Surkhet',
			'sub_title' => '',
			'summary' => 'December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with ',
			'content' => '<p style="text-align: justify;">December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with high calibre as well as easy services to the customers. He also highlighted on requirement of reducing the service fee of JCB.</p>

<p style="text-align: justify;">Similarly, Bishnu Poudel, Vice-President of Association of Nepal Heavy Equipment Entrepreneurs, Surkhet opined that the company will support in the development of Province no 6. Likewise, Sanjib Deuja, Marketing Head of JCB clarified that besides having machines, various problems have aroused due to brain drain of engineers operating the machines.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4718',
			'image' => '20161208112939_jcb.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4887',
			'article_category_id' => '1',
			'title' => 'Nabil Science and Technology Award Granted',
			'sub_title' => '',
			'summary' => 'December 8: Nepal Academy of Science and Technology (NAST) has awarded 'Nabil Science and Technology Prize'. NAST awarded four senior researchers with the prize on the occasion of its 37th anniversary.',
			'content' => '<p style="text-align: justify;">December 8: Nepal Academy of Science and Technology (NAST) has awarded &#39;Nabil Science and Technology Prize&#39;. NAST awarded four senior researchers with the prize on the occasion of its 37<sup>th</sup> anniversary.</p>

<p style="text-align: justify;">Prof Dr Tanka Nath Dhamala, Dr Hari Prasad Aryal, Prof Dr Krishna Das Manandhar and Prof Dr Srijan Lal Shrestha has been honoured with the prizes, informed the press release issued by the bank. The monetary value of the prize is Rs 125,000 each.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4717',
			'image' => '20161208110713_nabil.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4886',
			'article_category_id' => '1',
			'title' => 'NCC Team Leaves for Delhi',
			'sub_title' => '',
			'summary' => 'December 8: A Nepal Chamber of Commerce (NCC) representatives' team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.',
			'content' => '<p style="text-align:justify">December 8: A Nepal Chamber of Commerce (NCC) representatives&#39; team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.</p>

<p style="text-align:justify">Along with the NCC President, members of NCC work committee including Rastra Bhusan Chakubaji, Krishna Man Shrestha, Niraj Rai and Tikaram Shrestha are also participating in the expo organised by PHD Chamber of Commerce India. The expo has been organised from last 10 years where nearly 400 national and international sellers and 250,000 buyers of SAARC countries take participation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4716',
			'image' => '20161208105638_ncc.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4885',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between IME and Oxygen India',
			'sub_title' => '',
			'summary' => 'December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.',
			'content' => '<p style="text-align: justify;">December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.</p>

<p style="text-align: justify;">&quot;The agreement will help to end the practice of sending money through third person&#39;s hand or through any bank. IME will be there to provide superior and effective service based on modern technology,&quot; said Hemraj Dhakal, Managing Director of IME. &quot;The agreement between Oxygen, a company providing digital financial service and IME, a company entering the digital financial service will facilitate the Nepalis resided in India of sending their earnings home through faster, convenient and reliable network.&quot; He also opined that the co-ordination will minimise the Nepalis&#39; compulsion of purchasing Indian rupees selling dollars. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4715',
			'image' => '20161208103715_ime.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4884',
			'article_category_id' => '1',
			'title' => '98% Mobile Phones Imported from China',
			'sub_title' => '',
			'summary' => 'December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, ',
			'content' => '<p style="text-align: justify;">December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, mobile phones worth Rs 13.92 billion were imported from China in FY2015/16 out of the total import of Rs 14.23 billion. Last FY saw 4.5 million mobile sets enter the country. According to Amit Agrawal, General Secretary the newly formed Mobile Phone Importers Association, the inflow is due to the fact that most of the major global and regional mobile manufacturers produce their products in China &ldquo;Most of the iPhones and Android phones are produced in China,&rdquo; he says, adding, &ldquo;Brands such as Apple and Samsung are manufacturing their handsets there. Beside this, the market presence of Chinese brands has also increased sharply.&rdquo; &nbsp;</p>

<p style="text-align: justify;">According to the statistics, India is the second largest country to export mobile phones in Nepal after China. In FY2015/16, mobile phones of Rs 266.1 million were imported from India accounting 1.86 per cent of the total import. Meanwhile, Nepal also imports mobile phones from Hong Kong, South Korea, United Kingdom and United States. The TEPC statistics shows that Nepal imports cellular devices from 66 different countries.</p>

<p style="text-align: justify;">The demand of mobile phones in Nepal has skyrocketed with the expansion of the mobile service networks in the recent years. According to a Nepal Telecommunications Authority data, 30.3 million SIM cards have been distributed throughout the country by mid-August 2016. On the basis of the Population Census conducted in 2068 BS, the SIM distribution data is 13.46 per cent higher than the total population.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4714',
			'image' => '20161207045623_chinese phone.JPG',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4883',
			'article_category_id' => '1',
			'title' => 'International Volunteer Day 2016 celebrated',
			'sub_title' => '',
			'summary' => 'December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event's celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, ',
			'content' => '<p style="margin-left: 10.35pt; text-align: justify;">December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event&#39;s celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, social inclusion and private sector responsibility to development were discussed in the programme.</p>

<p style="margin-left: 10.35pt; text-align: justify;">The IVD 2016 was celebrated with a theme &quot;#Global Applause-Give volunteer&#39;s a hand!&quot;. In the programme, three volunteers were honoured for their diverse contributions in Nepal. They were chosen as winners and were awarded with cash prizes. These winners were chosen by a jury of celebrities,&nbsp; including singer Indira Joshi, member of the rock band 1974 AD Sanjay Shrestha, former Miss Nepal Malvika Subba , former Miss Nepal Earth Nagma Shrestha and Mega Bank CEO Anil Shah who themselves are voluntarily engaged in advocacy and awareness raising.</p>

<p style="margin-left: 10.35pt; text-align: justify;">Issuing a press statement, the UN in Nepal said that the objective of the IVD celebration is to provide a platform for volunteers to improve collaboration and create further actions for tangible results. &quot;By sharing individual volunteer stories as part of our Nepal IVD 2016 campaign &ldquo;I volunteer-here is my story!&rdquo; we want to share how a single person can make a difference and inspire others to take action,&quot; reads the statement.&nbsp;</p>

<p style="margin-left: 9pt; text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4713',
			'image' => '20161207023931_ivn.jpg',
			'article_date' => '2016-12-07 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '4882',
			'article_category_id' => '1',
			'title' => 'Construction Sector Requires Proper Address from Government: FCAN',
			'sub_title' => '',
			'summary' => 'December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail's pace of nation building process due to the government's tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect em',
			'content' => '<p style="text-align: justify;">December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail&#39;s pace of nation building process due to the government&#39;s tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect employments. Based on the work experience gained in the sector, thousands of Nepalis are migrating to foreign countries for employment. Even though the government has not been able to either properly systemize the sector or to utilise the labour force in the process of nation building, they opined.</p>

<p style="text-align: justify;">The construction entrepreneurs complained on being unrecognised as an industry besides completing 25 years of formation of Federation of Contractors&#39; Associations of Nepal (FCAN), an umbrella organisation of construction entrepreneurs of the nation. They opined that the public&#39;s stale attitude toward construction entrepreneurs and the government&#39;s outdated policies have created various problems to the sector. &quot;Although more than 12,000 entrepreneurs are engaged in the construction sector and despite being a helping hand in the nation building, the government has not given adequate attention toward making the sector secure,&quot; said Sharad Kumar Gauchan, President of FCAN.</p>

<p style="text-align: justify;">&quot;Lack of labour force, scarcity of local raw materials and conducts of government, local public and in some circumstances, construction entrepreneurs are the main problems of the sector,&quot; said Ram Sharan Dueja, General Secretary of FCAN. He added &quot;We have problems as well; however, the Public Procurement Act and other few tactical positions are such that do not provide any benefit to the government and public.&quot;</p>
',
			'published' => true,
			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4712',
			'image' => '20161207015241_FCAN.JPG',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4881',
			'article_category_id' => '1',
			'title' => 'Furnex Nepal 2016-Concludes: Successful in Promoting Brands',
			'sub_title' => '',
			'summary' => 'December 174: The 4th furniture and furnishing expo 'Furnex Nepal 2016" organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vic',
			'content' => '<p style="text-align: justify;">December 174: The 4<sup>th</sup>&nbsp;furniture and furnishing expo &#39;Furnex Nepal 2016&quot; organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vice-Presidentof NFFA and Conveyor of Expo Main Organiser Committee, the expo observed the participation of many engineers, interior designers, professionals and other general public. He said &quot;The expo is being visited by significant numbers of visitors beyond our expectation which has further motivated us.&nbsp; It has helped in furniture branding as well.&quot;</p>

<p style="text-align: justify;">Most visitors, in the expo, had shown enthusiasm towards furniture and mattresses. On the last day of the expo, five lucky draw competitions were organized in which Diya Traders, Spaces Magazines, Dolphin Chair, Supreme Chair and Pallavi International sponsored various merchandise. &nbsp;</p>

<p style="text-align: justify;">The expo showcased various furnishing products, furniture and home appliances. Moreover, the expo also provided Vastu Consultation. The expo aimed of bringing related businessmen, producers, sellers, buyers in the same platform in order to promote the local and imported products. Shaan Furniture Udhyog was the title sponsor while Yeti Flooring and Gem Flooring were the main sponsors of the expo.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-07',
			'modified' => '2016-12-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4711',
			'image' => '20161207115324_funex final.jpg',
			'article_date' => '2016-12-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '4880',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Launches Swarnim Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 7: Tourism Development Bank has launched a new product 'Swarnim Fixed Deposit' scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000. ',
			'content' => '<p style="text-align: justify;">December 7: Tourism Development Bank has launched a new product &#39;Swarnim Fixed Deposit&#39; scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '4710',
			'image' => '20161207112712_tourims.jpg',
			'article_date' => '2016-12-07 00:00:00',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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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		'Article' => array(
			'id' => '4894',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Launches NCHL-IPS Fund Transfer System through Internet Banking',
			'sub_title' => '',
			'summary' => 'December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5th December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank a',
			'content' => '<p style="text-align: justify;">December 8: NIC ASIA has launched a new service of Interbank Payment System (IPS) which can be operated directly through Internet Banking system from 5<sup>th</sup> December in collaboration with Nepal Clearing House Limited (NCHL) .With the launch of the service, the accountholders of the bank availing Internet Banking service can now transfer fund to more than 60 Financial Institutions including all the commercial banks which are associated with NCHL-IPS system, said the press statement issued by the bank.</p>

<p style="text-align: justify;">According to the statement, the bank is the first financial institution in Nepal to incorporate NCHL-IPS fund transfer system through internet banking service.</p>

<p style="text-align: justify;">&nbsp;&quot;The service has been launched in continuation to serve our valued customers exclusively by offering an array of products and services reaffirming our commitment to focus on the customers. It also comes in line with the bank&#39;s &quot;Bank Pani Saathi Pani&quot; brand promise where we are here and committed to offer innovative services and providing easy and convenient banking access for our customers. The service expects to meet the preference of the customer to avail banking services from their own locations,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4724',
			'image' => '20161208050502_NIC ASIA Logo.jpg',
			'article_date' => '2016-12-08 00:00:00',
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			'id' => '4893',
			'article_category_id' => '1',
			'title' => 'Higher Studies on Mobile Application to Start in Nepal',
			'sub_title' => '',
			'summary' => 'December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor',
			'content' => '<p style="text-align:justify">December 8: The students aspiring to study mobile application can now pursue their studies within the country. With the signing of MoU between Islington College, Kathmandu and Metropolitan University, London, students are getting this opportunity. The Islington College and Metropolitan University signed a MoU on operating various educational programs in the capital on Thursday, December 8. Sulav Budhathoki, CEO of the college and Professor John Raftery, Vice Chancellor of the university signed the agreement.</p>

<p style="text-align:justify">&quot;Realising the importance and scope of mobile apps in all current activities, an academic program is being started. In first lot, a total of 80 students will be given admission,&quot; said CEO Budhathoki.&nbsp;</p>

<p style="text-align:justify">As per the MoU, scholarship up to 75 per cent will be provided to those students completing Bachelor&#39;s degree from the college and interested to pursue their Master&#39;s degree in information technology and management. Similarly, both educational institutions will operate MBA program in which students exchange program will also be conducted. Likewise, students can also pursue the PHD program under which the students will have to join the university during the final year only. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4723',
			'image' => '20161208041744_islington college.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4892',
			'article_category_id' => '1',
			'title' => 'Sibisu's More than Expected Scheme',
			'sub_title' => '',
			'summary' => 'December 8: Subisu cablenet, cable television, internet and network services provider company has launched 'More Than Expected' scheme. The company brought the scheme on the occasion of its 16th anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.',
			'content' => '<p style="text-align: justify;">December 8: Subisu cablenet, cable television, internet and network services provider company has launched &#39;More Than Expected&#39; scheme. The company brought the scheme on the occasion of its 16<sup>th</sup> anniversary. Under the scheme, the customers will be provided clear TV set top box, router, modem and free installation.</p>

<p style="text-align: justify;">The company informed that the customers can subscribe clear TV and internet package at Rs 2,999 and clear TV combo package at Rs 7,999 under the scheme. The scheme launched for limited period is available from all customer centres of Subisu. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4722',
			'image' => '20161208034048_subisu.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '4891',
			'article_category_id' => '1',
			'title' => 'Nepal needs a major economic and industrial departure: Joshi',
			'sub_title' => '',
			'summary' => 'December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. “Nepal needs a major departure for economic and industrial development,” Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned',
			'content' => '<p style="text-align: justify;">December 8: Industry minister Nabindra Raj Joshi has stressed on the need for creation of more jobs and the country taking a new and proactive approach for the economic and industrial development. &ldquo;Nepal needs a major departure for economic and industrial development,&rdquo; Joshi said. He was speaking at the Joint Review of Micro Enterprise Development for Poverty Alleviation (MEDPA) and Micro Enterprise Development Program (MEDEP) held on December 7. He mentioned that it was important create more enterprises to generate employment within the country to reduce foreign employment. &ldquo;We want our youths to move to foreign countries as skilled human resource and experts in different field rather than going to work there as labors,&rdquo; he said. Currently, Nepal has a working population of 48 per cent, and every year, 500,000 youths enter the job market.</p>

<p style="text-align: justify;">Minister Joshi urged Nepali entrepreneurs to focus on utilizing the available resources without giving much concern to the prolonged political instability. &ldquo;Producing quality products and marketing them nationally and internationally will definitely improve the economic condition of the country,&rdquo; he said.</p>

<p style="text-align: justify;">According to the report unveiled in the programme, the combined efforts of MEDPA and MEDEP have helped increase per capita income by 343.8 per cent from Rs 17,605 to Rs78, 133.</p>

<p style="text-align: justify;">As per the data, there currently are 115,014 micro entrepreneurs in the country. The report also highlighted the inclusive structure of the number with 70 per cent women, 30 per cent Dalits, 40 per cent indigenous groups and 40 per cent Madheshis.</p>

<p style="text-align: justify;">&ldquo;The programmes of MEDPA have identified the steps for developing entrepreneurship and market demands in national and international frontiers in 69 districts till now. The organisation also aims to solve the problems of micro enterprises like high interest rates of commercial banks, lack of financial institutions in remote areas and reach to all 75 districts by 2018,&rdquo; said Yam Kumari Khatiwada, Spokesperson at the Ministry of Industry (MOI) said while presenting MEDPA&#39;s progress reviewof the past six years.</p>

<p style="text-align: justify;">&nbsp;&ldquo;The programme will help in Nepal&rsquo;s goal to reduce poverty and graduate from Least Developed Countries by 2022,&rdquo; said Sophie Kemkhadze, Deputy Country Director of the UNDP, adding, &ldquo;However, the larger industries need to make collaborative efforts to promote the micro enterprises to help in the government&rsquo;s goal.&rdquo;</p>

<p style="text-align: justify;">Similarly, Ainsley Hemming, Head of Development Cooperation at the Australian Embassy in Nepal further assured Australia&rsquo;s commitment to assist Nepal to achieve its target working closely with the MoI to strengthen and institutionalise micro entrepreneurship development.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4721',
			'image' => '20161208025054_joshi.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '4890',
			'article_category_id' => '1',
			'title' => 'Power from Daraudi ‘A’ Connected to National Grid',
			'sub_title' => '',
			'summary' => 'December 8: Electricity produced from the 3.2MW Daraudi ‘A’ Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electrici',
			'content' => '<p style="text-align: justify;">December 8<strong>:&nbsp;</strong>Electricity produced from the 3.2MW Daraudi &lsquo;A&rsquo; Hydropower Project located at Mucchowk, Gorkha has been connected to the national grid. The project started its trial production from mid-August. According to Padam Gurung, Director of the project, the commercial production started after supplying the electricity produced in the trial production without charges to Nepal Electricity Authority (NEA) for 15 days.</p>

<p style="text-align: justify;">The project&rsquo;s commercial production of electricity started from December 2. However, the project&rsquo;s installed capacity is 6MW. The produced electricity was connected to the central grid after constructing a 19 kilometers transmission line connecting the project site Mucchowk and sub-station at Gorkha Bazzar.</p>

<p style="text-align: justify;">As per Gurung, the total cost of the project amounted to Rs 1.25 billion which was initially estimated at Rs 940 million. &nbsp;&ldquo;The expenditure and time both increased due to last year&rsquo;s earthquake and Terai unrest,&rdquo; he said. &ldquo;The rise in the cost was due to the increase in the overhead expenditure during the construction period along with the expensive diesel during the border blockade.&rdquo;</p>

<p style="text-align: justify;">Similarly, channelizing the water through tunnel rather than the canal also contributed to the increase,&rdquo; mentioned Gurung. He said that only 300 trees were cut down instead of the designated 900 while channelising water through the tunnel.</p>

<p style="text-align: justify;">The project with seven promoters has investments from Global IME Bank and Machhapuchre Bank. According to the project&rsquo;s developer Kalika Hydropower, the Daraudi &lsquo;A&rsquo; will float general shares within four months after the completion of the share rating. &nbsp;The construction of Daraudi &lsquo;A&rsquo; concluded in the three years after the commencement of project&rsquo;s development.&nbsp;</p>
',
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			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4720',
			'image' => '20161208023931_daraudi.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4889',
			'article_category_id' => '1',
			'title' => 'SEBON Releases Right Share and FPO Issuance for Sectors Other than Finance',
			'sub_title' => '',
			'summary' => 'December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance co',
			'content' => '<p style="text-align: justify;">December 8: Securities Board of Nepal (SEBON) has released the issuance of right shares and further public issue for the listed companies of sectors other than bank, finance company and insurance. Previously, SEBON formed a committee in a bid to make the right shares and FPO of the sectors other than aforementioned sectors obvious, fair and transparent. SEBON released the right share and FPO issuance on December 6 applying eight point conditions and standard as per the report submitted by the committee.</p>

<p style="text-align: justify;">&quot;The new standard is implemented to make the secondary market transaction of listed companies that are not regulated by separate bodies including hydropower, hotel, manufacturing and processing more organised,&quot; said Niraj Giri, Executive Director of SEBON. With the SEBON decision, these companies can now mobilise capital through right share and FPO. However, the capital thus accumulated can be spent on the predetermined sectors set by SEBON.</p>

<p style="text-align: justify;">The board has also set standards for the right share or FPO issuing organisation or projects promoted by those organisations. First of all, the organisation must endorsed the clear financial plan and strategies related with the mobilisation of funds accumulated through right share or FPO issuance from the annual general meeting.</p>

<p style="text-align: justify;">Similarly, the board, issuing a statement, has said that the basis of grounds behind the proportion of issuing right shares should be apparent. Moreover, the companies must conduct credit rating after two years of issuing initial public offering. Likewise, the organisation can issue the right share or FPO only after payment of cent per cent issue capital. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4719',
			'image' => '20161208023352_sebon.JPG',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '4888',
			'article_category_id' => '1',
			'title' => 'JCB Branch in Surkhet',
			'sub_title' => '',
			'summary' => 'December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with ',
			'content' => '<p style="text-align: justify;">December 8: JCB, a heavy equipment manufacturing company has started its services from Surkhet. The Surkhet branch has been inaugurated amid a program on December 7. In the program, Yam Bahadur BC, President of Construction Entrepreneur Association, Surkhet said that JCB under MAW Company should provide machines with high calibre as well as easy services to the customers. He also highlighted on requirement of reducing the service fee of JCB.</p>

<p style="text-align: justify;">Similarly, Bishnu Poudel, Vice-President of Association of Nepal Heavy Equipment Entrepreneurs, Surkhet opined that the company will support in the development of Province no 6. Likewise, Sanjib Deuja, Marketing Head of JCB clarified that besides having machines, various problems have aroused due to brain drain of engineers operating the machines.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4718',
			'image' => '20161208112939_jcb.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '4887',
			'article_category_id' => '1',
			'title' => 'Nabil Science and Technology Award Granted',
			'sub_title' => '',
			'summary' => 'December 8: Nepal Academy of Science and Technology (NAST) has awarded 'Nabil Science and Technology Prize'. NAST awarded four senior researchers with the prize on the occasion of its 37th anniversary.',
			'content' => '<p style="text-align: justify;">December 8: Nepal Academy of Science and Technology (NAST) has awarded &#39;Nabil Science and Technology Prize&#39;. NAST awarded four senior researchers with the prize on the occasion of its 37<sup>th</sup> anniversary.</p>

<p style="text-align: justify;">Prof Dr Tanka Nath Dhamala, Dr Hari Prasad Aryal, Prof Dr Krishna Das Manandhar and Prof Dr Srijan Lal Shrestha has been honoured with the prizes, informed the press release issued by the bank. The monetary value of the prize is Rs 125,000 each.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4717',
			'image' => '20161208110713_nabil.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '4886',
			'article_category_id' => '1',
			'title' => 'NCC Team Leaves for Delhi',
			'sub_title' => '',
			'summary' => 'December 8: A Nepal Chamber of Commerce (NCC) representatives' team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.',
			'content' => '<p style="text-align:justify">December 8: A Nepal Chamber of Commerce (NCC) representatives&#39; team under the leadership of NCC President Rajesh Kaji Shrestha has left for Delhi to participate in SAARC Regional Buyer/seller Expo. The expo is being held from December 8-12 in New Delhi and Amritsar.</p>

<p style="text-align:justify">Along with the NCC President, members of NCC work committee including Rastra Bhusan Chakubaji, Krishna Man Shrestha, Niraj Rai and Tikaram Shrestha are also participating in the expo organised by PHD Chamber of Commerce India. The expo has been organised from last 10 years where nearly 400 national and international sellers and 250,000 buyers of SAARC countries take participation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4716',
			'image' => '20161208105638_ncc.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4885',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between IME and Oxygen India',
			'sub_title' => '',
			'summary' => 'December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.',
			'content' => '<p style="text-align: justify;">December 8: Nepalis working in India can now send money home conveniently through IME. With the agreement between remittance company IME and Oxygen Service India, Nepalis working in India are to get such facility.</p>

<p style="text-align: justify;">&quot;The agreement will help to end the practice of sending money through third person&#39;s hand or through any bank. IME will be there to provide superior and effective service based on modern technology,&quot; said Hemraj Dhakal, Managing Director of IME. &quot;The agreement between Oxygen, a company providing digital financial service and IME, a company entering the digital financial service will facilitate the Nepalis resided in India of sending their earnings home through faster, convenient and reliable network.&quot; He also opined that the co-ordination will minimise the Nepalis&#39; compulsion of purchasing Indian rupees selling dollars. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-12-08',
			'modified' => '2016-12-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4715',
			'image' => '20161208103715_ime.jpg',
			'article_date' => '2016-12-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4884',
			'article_category_id' => '1',
			'title' => '98% Mobile Phones Imported from China',
			'sub_title' => '',
			'summary' => 'December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, ',
			'content' => '<p style="text-align: justify;">December 7: Nepali market is observing a huge influx of mobile phones from China. According to a Trade and Export Promotion Center (TEPC) data, 98 per cent of the mobile handsets are exported from China while the remaining 2.18 phones come from other countries. As per the stastistics, mobile phones worth Rs 13.92 billion were imported from China in FY2015/16 out of the total import of Rs 14.23 billion. Last FY saw 4.5 million mobile sets enter the country. According to Amit Agrawal, General Secretary the newly formed Mobile Phone Importers Association, the inflow is due to the fact that most of the major global and regional mobile manufacturers produce their products in China &ldquo;Most of the iPhones and Android phones are produced in China,&rdquo; he says, adding, &ldquo;Brands such as Apple and Samsung are manufacturing their handsets there. Beside this, the market presence of Chinese brands has also increased sharply.&rdquo; &nbsp;</p>

<p style="text-align: justify;">According to the statistics, India is the second largest country to export mobile phones in Nepal after China. In FY2015/16, mobile phones of Rs 266.1 million were imported from India accounting 1.86 per cent of the total import. Meanwhile, Nepal also imports mobile phones from Hong Kong, South Korea, United Kingdom and United States. The TEPC statistics shows that Nepal imports cellular devices from 66 different countries.</p>

<p style="text-align: justify;">The demand of mobile phones in Nepal has skyrocketed with the expansion of the mobile service networks in the recent years. According to a Nepal Telecommunications Authority data, 30.3 million SIM cards have been distributed throughout the country by mid-August 2016. On the basis of the Population Census conducted in 2068 BS, the SIM distribution data is 13.46 per cent higher than the total population.&nbsp;</p>
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			'image' => '20161207045623_chinese phone.JPG',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4883',
			'article_category_id' => '1',
			'title' => 'International Volunteer Day 2016 celebrated',
			'sub_title' => '',
			'summary' => 'December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event's celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, ',
			'content' => '<p style="margin-left: 10.35pt; text-align: justify;">December 7: United Nation has celebrated International Volunteer Day (IVD) on December 5. The global event&#39;s celebration in Nepal was marked by the UN organising a conference in the capital. Various issues including tackling the challenges in the areas of food security, youth engagement, social inclusion and private sector responsibility to development were discussed in the programme.</p>

<p style="margin-left: 10.35pt; text-align: justify;">The IVD 2016 was celebrated with a theme &quot;#Global Applause-Give volunteer&#39;s a hand!&quot;. In the programme, three volunteers were honoured for their diverse contributions in Nepal. They were chosen as winners and were awarded with cash prizes. These winners were chosen by a jury of celebrities,&nbsp; including singer Indira Joshi, member of the rock band 1974 AD Sanjay Shrestha, former Miss Nepal Malvika Subba , former Miss Nepal Earth Nagma Shrestha and Mega Bank CEO Anil Shah who themselves are voluntarily engaged in advocacy and awareness raising.</p>

<p style="margin-left: 10.35pt; text-align: justify;">Issuing a press statement, the UN in Nepal said that the objective of the IVD celebration is to provide a platform for volunteers to improve collaboration and create further actions for tangible results. &quot;By sharing individual volunteer stories as part of our Nepal IVD 2016 campaign &ldquo;I volunteer-here is my story!&rdquo; we want to share how a single person can make a difference and inspire others to take action,&quot; reads the statement.&nbsp;</p>

<p style="margin-left: 9pt; text-align: justify;">&nbsp;</p>
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			'image' => '20161207023931_ivn.jpg',
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	(int) 12 => array(
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			'id' => '4882',
			'article_category_id' => '1',
			'title' => 'Construction Sector Requires Proper Address from Government: FCAN',
			'sub_title' => '',
			'summary' => 'December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail's pace of nation building process due to the government's tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect em',
			'content' => '<p style="text-align: justify;">December 7: Construction Entrepreneurs have expressed their dissatisfaction over snail&#39;s pace of nation building process due to the government&#39;s tactical problem. According to them, construction sector, the second largest employment generating sector of the country, having over 30 billion investment has not been properly addressed by the government. The construction sector provides almost 1 million direct and indirect employments. Based on the work experience gained in the sector, thousands of Nepalis are migrating to foreign countries for employment. Even though the government has not been able to either properly systemize the sector or to utilise the labour force in the process of nation building, they opined.</p>

<p style="text-align: justify;">The construction entrepreneurs complained on being unrecognised as an industry besides completing 25 years of formation of Federation of Contractors&#39; Associations of Nepal (FCAN), an umbrella organisation of construction entrepreneurs of the nation. They opined that the public&#39;s stale attitude toward construction entrepreneurs and the government&#39;s outdated policies have created various problems to the sector. &quot;Although more than 12,000 entrepreneurs are engaged in the construction sector and despite being a helping hand in the nation building, the government has not given adequate attention toward making the sector secure,&quot; said Sharad Kumar Gauchan, President of FCAN.</p>

<p style="text-align: justify;">&quot;Lack of labour force, scarcity of local raw materials and conducts of government, local public and in some circumstances, construction entrepreneurs are the main problems of the sector,&quot; said Ram Sharan Dueja, General Secretary of FCAN. He added &quot;We have problems as well; however, the Public Procurement Act and other few tactical positions are such that do not provide any benefit to the government and public.&quot;</p>
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			'sortorder' => '4712',
			'image' => '20161207015241_FCAN.JPG',
			'article_date' => '2016-12-07 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '4881',
			'article_category_id' => '1',
			'title' => 'Furnex Nepal 2016-Concludes: Successful in Promoting Brands',
			'sub_title' => '',
			'summary' => 'December 174: The 4th furniture and furnishing expo 'Furnex Nepal 2016" organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vic',
			'content' => '<p style="text-align: justify;">December 174: The 4<sup>th</sup>&nbsp;furniture and furnishing expo &#39;Furnex Nepal 2016&quot; organised at Bhrikutimandap by Nepal Furniture and Furnishing Association (NFFA) has concluded on December 6. The last day of the expo also saw a significant number of visitors. According to Sujil Shrestha, Vice-Presidentof NFFA and Conveyor of Expo Main Organiser Committee, the expo observed the participation of many engineers, interior designers, professionals and other general public. He said &quot;The expo is being visited by significant numbers of visitors beyond our expectation which has further motivated us.&nbsp; It has helped in furniture branding as well.&quot;</p>

<p style="text-align: justify;">Most visitors, in the expo, had shown enthusiasm towards furniture and mattresses. On the last day of the expo, five lucky draw competitions were organized in which Diya Traders, Spaces Magazines, Dolphin Chair, Supreme Chair and Pallavi International sponsored various merchandise. &nbsp;</p>

<p style="text-align: justify;">The expo showcased various furnishing products, furniture and home appliances. Moreover, the expo also provided Vastu Consultation. The expo aimed of bringing related businessmen, producers, sellers, buyers in the same platform in order to promote the local and imported products. Shaan Furniture Udhyog was the title sponsor while Yeti Flooring and Gem Flooring were the main sponsors of the expo.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'sortorder' => '4711',
			'image' => '20161207115324_funex final.jpg',
			'article_date' => '2016-12-07 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4880',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank Launches Swarnim Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 7: Tourism Development Bank has launched a new product 'Swarnim Fixed Deposit' scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000. ',
			'content' => '<p style="text-align: justify;">December 7: Tourism Development Bank has launched a new product &#39;Swarnim Fixed Deposit&#39; scheme. The bank informed that the scheme which will last for 199 days will be provided 9 per cent interest rate. According to the bank, customers can participate in the scheme by opening account with a minimum balance of Rs 500,000.&nbsp;</p>
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			'image' => '20161207112712_tourims.jpg',
			'article_date' => '2016-12-07 00:00:00',
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