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Code Context
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			'id' => '4758',
			'article_category_id' => '1',
			'title' => 'Ford’s Test Drive and Demo Event',
			'sub_title' => '',
			'summary' => 'November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.',
			'content' => '<p style="text-align: justify;">November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.</p>

<p style="text-align: justify;">As per Chhabi Gautam, Sales Manager of the company, the event showcased Ford vehicles and provided the information on features of the vehicles to the visitors. He said &ldquo;The event witnessed a big crowd for the test drive of Ford vehicles. More customers are being attractive towards Ford vehicles due to its features including safe and effective mileage, attractive design and stability.&rdquo; The company claims that Ford which is manufactured in India adopting American technology is suitable for the roads of Nepal.</p>

<p style="text-align: justify;">The company informed that the products of Ford such as Figo, Ecosport, Aspire and Endeavour are being sold from Pokhara. The price of Figo ranges from Rs 2,199,000 to Rs 3,599,000 in the Nepali market. The company claims that Ford has been able to gain popularity in a short span of time.&nbsp;</p>
',
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			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4588',
			'image' => '20161117120741_ford.jpg',
			'article_date' => '2016-11-17 00:00:00',
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			'id' => '4757',
			'article_category_id' => '1',
			'title' => 'NRB Issues Repo of Rs 3 Billion',
			'sub_title' => '',
			'summary' => 'November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping ',
			'content' => '<p style="text-align: justify;">November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping up excess liquidity from the market through reverse repo till one week ago. However, the bank has now issued repo worth of Rs 3 billion citing lack of liquidity in the financial market.</p>

<p style="text-align: justify;">The BFIs taking the money through repo need to return the amount with interest within 14 days. The repo money is accessible to A, B and C listed BFIs only. According to NRB, the BFIs can submit their auction tender for the repo through online bidding system of the bank. Prior to this, the bank issued repo of Rs 5 billion on October 5.&nbsp;</p>
',
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			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4587',
			'image' => '20161117113026_nrb.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
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			'id' => '4756',
			'article_category_id' => '1',
			'title' => 'Samudayik Laghubitta Appoints NMB Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches. ',
			'content' => '<p style="text-align: justify;">November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches.&nbsp;</p>
',
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			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4586',
			'image' => '20161117110518_samudayik.jpg',
			'article_date' => '2016-11-17 00:00:00',
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		'Article' => array(
			'id' => '4755',
			'article_category_id' => '1',
			'title' => 'Insurance Pact between Yeti Bank and National Life',
			'sub_title' => '',
			'summary' => 'November 17: Yeti Development Bank has launched 'Laghu Amrit Jeevan Beema' scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with N',
			'content' => '<p style="text-align: justify;">November 17: Yeti Development Bank has launched &#39;Laghu Amrit Jeevan Beema&#39; scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with National Life Insurance. In this regard, both institutions signed an agreement on Wednesday, November 16. Under the scheme, customers will be facilitated insurance services worth of Rs 5,000 to Rs 700,000. The bank informed that in case of death of the customer, the insured amount will be provided to authorised person under the scheme.</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4585',
			'image' => '20161117104043_yeti bank.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4754',
			'article_category_id' => '1',
			'title' => 'Everest Bank Declares Whopping Bonus Share and Right Share',
			'sub_title' => '',
			'summary' => 'November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after',
			'content' => '<p style="text-align: justify;">November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after distributing of bonus share to its existing shareholders. Both the proposals are subjected to the approval from NRB and upcoming AGM of the bank.</p>

<p style="text-align: justify;"><br />
Presently, the bank has paid-up of Rs 2.75 billion. After distribution of 70 per cent bonus share, the paid-up capital of the bank will reach Rs 4.67 billion. As per the capital plan and decision made by the 274th BOD, if the bank issues 3:1 right shares, the paid-up capital of the bank will reach Rs 6.24 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4584',
			'image' => '20161116043331_everst.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4753',
			'article_category_id' => '1',
			'title' => 'Siddhartha Insurance Earns Net Profit of Rs 30 million',
			'sub_title' => '',
			'summary' => 'November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.',
			'content' => '<p style="text-align: justify;">November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.</p>

<p style="text-align: justify;">Similarly, its income has increased by 33.88 per cent to Rs 64.4 million during the period. The company has earned insurance premium of Rs 47.71 per cent to Rs 426.7 million in the review period. However, the total claim amount has decreased by 49 per cent to Rs 126.7 million. Similarly, the due claim amount has decreased by 53 per cent to Rs 500 million. Meanwhile, the reserve fund of the company has increased by 17.18 per cent to Rs 165 million during the review period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4583',
			'image' => '20161116032245_siddhartha.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '4752',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.',
			'content' => '<p style="text-align: justify;">November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.</p>

<p style="text-align: justify;">The bank informed that the investors registered in its shareholders book up to October 27 can apply for the right shares. The interest shareholders can apply for the shares through its issue manager Civil Capital Market. After the issuance of the right shares, the paid-up capital of the bank will reach Rs 5.79 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 42 percent to Rs 246.9 million in the first three months of the current FY. Moreover the operating profit of the bank has increased by 30 percent in the first quarter of the current FY. The bank has net worth per share of Rs 119.73.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4582',
			'image' => '20161116024103_Machhapuchhre-bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '4751',
			'article_category_id' => '1',
			'title' => 'Inland Revenue Department Unveiling Tax App and SMS System',
			'sub_title' => '5th National Tax Day',
			'summary' => 'November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program. ',
			'content' => '<p style="text-align: justify;">November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program.&nbsp;</p>

<p style="text-align: justify;"><br />
The app will facilitate a tax payer in achieving information on income tax, excise duty, dateline to submit details, fine and charges easily. The app which will be available for the smart phones with android based operation system of Google in the first phase will be available for the users of Apple&#39;s iphone with iOS operating system after sometime, as per the source.&nbsp;</p>

<p style="text-align: justify;"><br />
The app synchronized with the website of the department has a separate gateway for tax payers and tax officers for their information quest. The PAN number holder tax payers will have to enter the portal by inserting their unique user ID and password. &ldquo;The information uploaded in the website will automatically get uploaded in the app and it will be alerted to the user through a message,&rdquo; the source informed.</p>

<p style="text-align: justify;"><br />
Similarly, the department is launching the SMS service from Wednesday itself. &nbsp;In the first phase, the service will be available for the users of Nepal Telecom only. The SMS system is on push and pull based where the tax payer can ask (pull) for the information as per their need and tax executive can provide (pull) the information time to time.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4581',
			'image' => '20161116021444_revenue.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4750',
			'article_category_id' => '1',
			'title' => 'Nepal Bank in 80th year',
			'sub_title' => '',
			'summary' => 'November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers. ',
			'content' => '<p style="text-align: justify;">November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4580',
			'image' => '20161116114335_nepal bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4749',
			'article_category_id' => '1',
			'title' => 'CG Home Appliances for Winter',
			'sub_title' => '',
			'summary' => 'November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan 'Aba Jado Mei Cha Mazza'.',
			'content' => '<p style="text-align: justify;">November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan &#39;Aba Jado Mei Cha Mazza&#39;.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed of launching various models of room heater, fan heater, gas geyser, hot pot, electronic kettle and water dispenser.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4579',
			'image' => '20161116113524_cg.jpg',
			'article_date' => '2016-11-16 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' => '4748',
			'article_category_id' => '1',
			'title' => 'Araniko Provides In-house Training to Employees',
			'sub_title' => '',
			'summary' => 'November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation.  The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement',
			'content' => '<p style="text-align: justify;">November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation. &nbsp;The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4578',
			'image' => '20161116112642_arniko.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '4747',
			'article_category_id' => '1',
			'title' => 'Api Power's Net Profit Increases 6 Folds',
			'sub_title' => '',
			'summary' => 'November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY. ',
			'content' => '<p style="text-align: justify;">November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY.&nbsp;</p>

<p style="text-align: justify;"><br />
The company earned Rs 46.1 million income by selling electricity to Nepal Electricity Authority during the review period. Meanwhile, the earning per share of the company is rested at Rs 108.42 whereas P/E ratio is at 90 times. The company has share capital of Rs 1 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4577',
			'image' => '20161116110317_api.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '4746',
			'article_category_id' => '1',
			'title' => 'Nepal Ranks 7th in FCAS Study Conducted by ADB',
			'sub_title' => '',
			'summary' => 'November 16: Nepal has been ranked 7th in a study 'Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific – The ADB Experience' conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 ',
			'content' => '<p style="text-align: justify;">November 16: Nepal has been ranked 7th in a study &#39;Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific &ndash; The ADB Experience&#39; conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 developing member countries affected by fragility and conflict.</p>

<p style="text-align: justify;">The study conducted on FCAS hit countries of Asia and the Pacific has ranked Afghanistan at top position followed by Kiribati, Marshall Islands, Federated States of Micronesia, Myanmar, Nauru, Nepal, Papua New Guinea, Solomon Islands, Timor-Leste, Tuvalu, and Vanuatu. According to the report, all of these countries have achieved few gains on economic management, structural policies, social inclusion/equity and public sector management between 2006 and 2015.</p>

<p style="text-align: justify;">The ADB report has characterized the FCAS countries by political instability, weak governance and institutional capacity, economic and social insecurity and greater vulnerability to the effects of climate change. They confront complex and multi-faceted issues, and prioritizing development interventions is often challenging.</p>

<p style="text-align: justify;">The report notes that while in some FCAS countries, investments by governments and development partners in transportation, energy, education, health, private sector development and other areas may have reaped some benefits, much more must be done to ensure sustainability.</p>

<p style="text-align: justify;">A new approach to FCAS countries, the study suggests, should focus on better knowledge and understanding of the political economy context of each sector when designing development programs and projects, including a careful analysis of governance, institutional, political and social issues.</p>

<p style="text-align: justify;">Appreciating the role of development partners in these FCAS countries, the bank said that the development partners need to improve their approach to promote sustainable development in countries that have FCAS through critical analysis of economic, structural, social, political, and institutional issues in each country and by customizing interventions based on the local context.</p>

<p style="text-align: justify;">&ldquo;Every fragile situation calls for a unique response. If the right policies&mdash;customized to the local context&mdash;are not in place and core institutions are not strong enough to absorb the resources provided by development partners, the vicious cycle of fragility, conflict, and poverty will continue,&rdquo; said Stephen Groff, ADB Vice President for East Asia, Southeast Asia and the Pacific. &ldquo;Sound structural policies can lead to more effective and efficient governance, while social inclusion and equity are the foundation for political stability and socio-economic growth.&rdquo;</p>

<p style="text-align: justify;">The study recommends that development partners and governments should include some key areas in their priority list for assistance. They involve mainstreaming gender equality at the local level, strengthening accountability mechanisms for public resource use, increasing investment on health and education, capacity building for environmental institutions, developing an innovative policy framework on land use, and improving regulatory frameworks for trade, finance and business.</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4576',
			'image' => '20161116104527_adb.jpg',
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		'Article' => array(
			'id' => '4745',
			'article_category_id' => '1',
			'title' => 'Test Drive of Honda Navi ',
			'sub_title' => '',
			'summary' => 'November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.',
			'content' => '<p style="text-align:justify">November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for&nbsp;Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.&nbsp;</p>

<p style="text-align:justify">The Honda Navi is powered by 110cc, single-cylinder engine which is mated to an automatic gearbox. &nbsp;The bike has a high ground clearance of 156mm, 130mm brakes in both front and rear, telescopic suspension at front and spring-loaded hydraulic at rear and a fuel tank capacity of 3.8 liters.&nbsp;</p>

<p style="text-align:justify"><br />
According to the statement, the launch of Honda Navi has opened up all-new segment in Nepali two-wheelers segment. Navi looks like a cross between an adventure bike and a commuter motorcycle.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;Honda Navi is available in five different color options including patriot red, shasta white, hooper green, sparky orange and black. Available in three variants including street, adventure &amp; off-road, the Navi comes with several customization options that facilitate buyers to modify the Navi as per their need and taste,&quot; reads the statement.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-11-15',
			'modified' => '2016-11-15',
			'keywords' => '',
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			'sortorder' => '4575',
			'image' => '20161115034457_navi.jpg',
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		'Article' => array(
			'id' => '4744',
			'article_category_id' => '1',
			'title' => 'Insurance Market after Earthquake: 75% Claims Settled',
			'sub_title' => '',
			'summary' => 'November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The s',
			'content' => '<p style="text-align:justify">November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The statistics of Insurance Board shows that 74.82 percent of the total claims submitted at general insurance companies have been settled so far.</p>

<p style="text-align:justify"><br />
However, considering the number of claims, the total payment stands at 93 percent of the total claims. 16,549 out of 17,848 claims made demanding compensation have been sorted out. It is evident through the report submitted by 15 general insurance companies except NB insurance to the board.</p>

<p style="text-align:justify"><br />
As per the statistics of the board, the companies has paid Rs 12.41 billion out of Rs 16.55 billion claim amount &nbsp;to their insured. It also shows that 7.04 percent claims and 25.18 percent amount are still waiting to be settled. &nbsp;</p>

<p style="text-align:justify"><br />
According to Dhruba Timilsina, Deputy Director of the board, among the total paid claim amount, Rs 6.31 billion has been received through re-insurance. He also said that settlement of 75 percent claims in the 19 months of period is satisfactory. &quot;It is normal for some delays if the damages of insured properties and infrastructures, field reports and insurance companies do not match during the process of claim payment.</p>

<p style="text-align:justify"><br />
The board informed that the insurance companies have made payment on various headings including fire, vehicle, marine, engineering and miscellaneous. &nbsp;The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 8.11 billion. Similarly, Rs 173.7 million has been paid under vehicle insurance claims followed by engineering claims of Rs 659 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p>

<p style="text-align:justify">Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. A survey shows nearly 1,000 claims submitted at insurance companies are big, controversial and complicated. These big companies include apartments, shopping malls and hydropower companies. &ldquo;The big companies&rsquo; claim are bit complicated, thus will be settled after some times,&rdquo; said Timilsina. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 4.99 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 266 claims for Rs 128.3 million.&nbsp;<br />
&nbsp;</p>
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		'Article' => array(
			'id' => '4758',
			'article_category_id' => '1',
			'title' => 'Ford’s Test Drive and Demo Event',
			'sub_title' => '',
			'summary' => 'November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.',
			'content' => '<p style="text-align: justify;">November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.</p>

<p style="text-align: justify;">As per Chhabi Gautam, Sales Manager of the company, the event showcased Ford vehicles and provided the information on features of the vehicles to the visitors. He said &ldquo;The event witnessed a big crowd for the test drive of Ford vehicles. More customers are being attractive towards Ford vehicles due to its features including safe and effective mileage, attractive design and stability.&rdquo; The company claims that Ford which is manufactured in India adopting American technology is suitable for the roads of Nepal.</p>

<p style="text-align: justify;">The company informed that the products of Ford such as Figo, Ecosport, Aspire and Endeavour are being sold from Pokhara. The price of Figo ranges from Rs 2,199,000 to Rs 3,599,000 in the Nepali market. The company claims that Ford has been able to gain popularity in a short span of time.&nbsp;</p>
',
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			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4588',
			'image' => '20161117120741_ford.jpg',
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			'id' => '4757',
			'article_category_id' => '1',
			'title' => 'NRB Issues Repo of Rs 3 Billion',
			'sub_title' => '',
			'summary' => 'November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping ',
			'content' => '<p style="text-align: justify;">November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping up excess liquidity from the market through reverse repo till one week ago. However, the bank has now issued repo worth of Rs 3 billion citing lack of liquidity in the financial market.</p>

<p style="text-align: justify;">The BFIs taking the money through repo need to return the amount with interest within 14 days. The repo money is accessible to A, B and C listed BFIs only. According to NRB, the BFIs can submit their auction tender for the repo through online bidding system of the bank. Prior to this, the bank issued repo of Rs 5 billion on October 5.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4587',
			'image' => '20161117113026_nrb.jpg',
			'article_date' => '2016-11-17 00:00:00',
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			'id' => '4756',
			'article_category_id' => '1',
			'title' => 'Samudayik Laghubitta Appoints NMB Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches. ',
			'content' => '<p style="text-align: justify;">November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches.&nbsp;</p>
',
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			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4586',
			'image' => '20161117110518_samudayik.jpg',
			'article_date' => '2016-11-17 00:00:00',
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			'id' => '4755',
			'article_category_id' => '1',
			'title' => 'Insurance Pact between Yeti Bank and National Life',
			'sub_title' => '',
			'summary' => 'November 17: Yeti Development Bank has launched 'Laghu Amrit Jeevan Beema' scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with N',
			'content' => '<p style="text-align: justify;">November 17: Yeti Development Bank has launched &#39;Laghu Amrit Jeevan Beema&#39; scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with National Life Insurance. In this regard, both institutions signed an agreement on Wednesday, November 16. Under the scheme, customers will be facilitated insurance services worth of Rs 5,000 to Rs 700,000. The bank informed that in case of death of the customer, the insured amount will be provided to authorised person under the scheme.</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4585',
			'image' => '20161117104043_yeti bank.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '4754',
			'article_category_id' => '1',
			'title' => 'Everest Bank Declares Whopping Bonus Share and Right Share',
			'sub_title' => '',
			'summary' => 'November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after',
			'content' => '<p style="text-align: justify;">November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after distributing of bonus share to its existing shareholders. Both the proposals are subjected to the approval from NRB and upcoming AGM of the bank.</p>

<p style="text-align: justify;"><br />
Presently, the bank has paid-up of Rs 2.75 billion. After distribution of 70 per cent bonus share, the paid-up capital of the bank will reach Rs 4.67 billion. As per the capital plan and decision made by the 274th BOD, if the bank issues 3:1 right shares, the paid-up capital of the bank will reach Rs 6.24 billion.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4584',
			'image' => '20161116043331_everst.jpg',
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		'Article' => array(
			'id' => '4753',
			'article_category_id' => '1',
			'title' => 'Siddhartha Insurance Earns Net Profit of Rs 30 million',
			'sub_title' => '',
			'summary' => 'November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.',
			'content' => '<p style="text-align: justify;">November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.</p>

<p style="text-align: justify;">Similarly, its income has increased by 33.88 per cent to Rs 64.4 million during the period. The company has earned insurance premium of Rs 47.71 per cent to Rs 426.7 million in the review period. However, the total claim amount has decreased by 49 per cent to Rs 126.7 million. Similarly, the due claim amount has decreased by 53 per cent to Rs 500 million. Meanwhile, the reserve fund of the company has increased by 17.18 per cent to Rs 165 million during the review period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4583',
			'image' => '20161116032245_siddhartha.jpg',
			'article_date' => '2016-11-16 00:00:00',
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		'Article' => array(
			'id' => '4752',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.',
			'content' => '<p style="text-align: justify;">November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.</p>

<p style="text-align: justify;">The bank informed that the investors registered in its shareholders book up to October 27 can apply for the right shares. The interest shareholders can apply for the shares through its issue manager Civil Capital Market. After the issuance of the right shares, the paid-up capital of the bank will reach Rs 5.79 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 42 percent to Rs 246.9 million in the first three months of the current FY. Moreover the operating profit of the bank has increased by 30 percent in the first quarter of the current FY. The bank has net worth per share of Rs 119.73.&nbsp;</p>
',
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			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4582',
			'image' => '20161116024103_Machhapuchhre-bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
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		'Article' => array(
			'id' => '4751',
			'article_category_id' => '1',
			'title' => 'Inland Revenue Department Unveiling Tax App and SMS System',
			'sub_title' => '5th National Tax Day',
			'summary' => 'November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program. ',
			'content' => '<p style="text-align: justify;">November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program.&nbsp;</p>

<p style="text-align: justify;"><br />
The app will facilitate a tax payer in achieving information on income tax, excise duty, dateline to submit details, fine and charges easily. The app which will be available for the smart phones with android based operation system of Google in the first phase will be available for the users of Apple&#39;s iphone with iOS operating system after sometime, as per the source.&nbsp;</p>

<p style="text-align: justify;"><br />
The app synchronized with the website of the department has a separate gateway for tax payers and tax officers for their information quest. The PAN number holder tax payers will have to enter the portal by inserting their unique user ID and password. &ldquo;The information uploaded in the website will automatically get uploaded in the app and it will be alerted to the user through a message,&rdquo; the source informed.</p>

<p style="text-align: justify;"><br />
Similarly, the department is launching the SMS service from Wednesday itself. &nbsp;In the first phase, the service will be available for the users of Nepal Telecom only. The SMS system is on push and pull based where the tax payer can ask (pull) for the information as per their need and tax executive can provide (pull) the information time to time.&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4581',
			'image' => '20161116021444_revenue.jpg',
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		'Article' => array(
			'id' => '4750',
			'article_category_id' => '1',
			'title' => 'Nepal Bank in 80th year',
			'sub_title' => '',
			'summary' => 'November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers. ',
			'content' => '<p style="text-align: justify;">November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4580',
			'image' => '20161116114335_nepal bank.jpg',
			'article_date' => '2016-11-16 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' => '4749',
			'article_category_id' => '1',
			'title' => 'CG Home Appliances for Winter',
			'sub_title' => '',
			'summary' => 'November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan 'Aba Jado Mei Cha Mazza'.',
			'content' => '<p style="text-align: justify;">November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan &#39;Aba Jado Mei Cha Mazza&#39;.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed of launching various models of room heater, fan heater, gas geyser, hot pot, electronic kettle and water dispenser.&nbsp;</p>
',
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			'created' => '2016-11-16',
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			'description' => '',
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		'Article' => array(
			'id' => '4748',
			'article_category_id' => '1',
			'title' => 'Araniko Provides In-house Training to Employees',
			'sub_title' => '',
			'summary' => 'November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation.  The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement',
			'content' => '<p style="text-align: justify;">November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation. &nbsp;The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement.&nbsp;</p>
',
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			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4578',
			'image' => '20161116112642_arniko.jpg',
			'article_date' => '2016-11-16 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4747',
			'article_category_id' => '1',
			'title' => 'Api Power's Net Profit Increases 6 Folds',
			'sub_title' => '',
			'summary' => 'November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY. ',
			'content' => '<p style="text-align: justify;">November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY.&nbsp;</p>

<p style="text-align: justify;"><br />
The company earned Rs 46.1 million income by selling electricity to Nepal Electricity Authority during the review period. Meanwhile, the earning per share of the company is rested at Rs 108.42 whereas P/E ratio is at 90 times. The company has share capital of Rs 1 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4577',
			'image' => '20161116110317_api.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '4746',
			'article_category_id' => '1',
			'title' => 'Nepal Ranks 7th in FCAS Study Conducted by ADB',
			'sub_title' => '',
			'summary' => 'November 16: Nepal has been ranked 7th in a study 'Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific – The ADB Experience' conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 ',
			'content' => '<p style="text-align: justify;">November 16: Nepal has been ranked 7th in a study &#39;Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific &ndash; The ADB Experience&#39; conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 developing member countries affected by fragility and conflict.</p>

<p style="text-align: justify;">The study conducted on FCAS hit countries of Asia and the Pacific has ranked Afghanistan at top position followed by Kiribati, Marshall Islands, Federated States of Micronesia, Myanmar, Nauru, Nepal, Papua New Guinea, Solomon Islands, Timor-Leste, Tuvalu, and Vanuatu. According to the report, all of these countries have achieved few gains on economic management, structural policies, social inclusion/equity and public sector management between 2006 and 2015.</p>

<p style="text-align: justify;">The ADB report has characterized the FCAS countries by political instability, weak governance and institutional capacity, economic and social insecurity and greater vulnerability to the effects of climate change. They confront complex and multi-faceted issues, and prioritizing development interventions is often challenging.</p>

<p style="text-align: justify;">The report notes that while in some FCAS countries, investments by governments and development partners in transportation, energy, education, health, private sector development and other areas may have reaped some benefits, much more must be done to ensure sustainability.</p>

<p style="text-align: justify;">A new approach to FCAS countries, the study suggests, should focus on better knowledge and understanding of the political economy context of each sector when designing development programs and projects, including a careful analysis of governance, institutional, political and social issues.</p>

<p style="text-align: justify;">Appreciating the role of development partners in these FCAS countries, the bank said that the development partners need to improve their approach to promote sustainable development in countries that have FCAS through critical analysis of economic, structural, social, political, and institutional issues in each country and by customizing interventions based on the local context.</p>

<p style="text-align: justify;">&ldquo;Every fragile situation calls for a unique response. If the right policies&mdash;customized to the local context&mdash;are not in place and core institutions are not strong enough to absorb the resources provided by development partners, the vicious cycle of fragility, conflict, and poverty will continue,&rdquo; said Stephen Groff, ADB Vice President for East Asia, Southeast Asia and the Pacific. &ldquo;Sound structural policies can lead to more effective and efficient governance, while social inclusion and equity are the foundation for political stability and socio-economic growth.&rdquo;</p>

<p style="text-align: justify;">The study recommends that development partners and governments should include some key areas in their priority list for assistance. They involve mainstreaming gender equality at the local level, strengthening accountability mechanisms for public resource use, increasing investment on health and education, capacity building for environmental institutions, developing an innovative policy framework on land use, and improving regulatory frameworks for trade, finance and business.</p>
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			'sortorder' => '4576',
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		'Article' => array(
			'id' => '4745',
			'article_category_id' => '1',
			'title' => 'Test Drive of Honda Navi ',
			'sub_title' => '',
			'summary' => 'November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.',
			'content' => '<p style="text-align:justify">November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for&nbsp;Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.&nbsp;</p>

<p style="text-align:justify">The Honda Navi is powered by 110cc, single-cylinder engine which is mated to an automatic gearbox. &nbsp;The bike has a high ground clearance of 156mm, 130mm brakes in both front and rear, telescopic suspension at front and spring-loaded hydraulic at rear and a fuel tank capacity of 3.8 liters.&nbsp;</p>

<p style="text-align:justify"><br />
According to the statement, the launch of Honda Navi has opened up all-new segment in Nepali two-wheelers segment. Navi looks like a cross between an adventure bike and a commuter motorcycle.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;Honda Navi is available in five different color options including patriot red, shasta white, hooper green, sparky orange and black. Available in three variants including street, adventure &amp; off-road, the Navi comes with several customization options that facilitate buyers to modify the Navi as per their need and taste,&quot; reads the statement.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4575',
			'image' => '20161115034457_navi.jpg',
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		'Article' => array(
			'id' => '4744',
			'article_category_id' => '1',
			'title' => 'Insurance Market after Earthquake: 75% Claims Settled',
			'sub_title' => '',
			'summary' => 'November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The s',
			'content' => '<p style="text-align:justify">November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The statistics of Insurance Board shows that 74.82 percent of the total claims submitted at general insurance companies have been settled so far.</p>

<p style="text-align:justify"><br />
However, considering the number of claims, the total payment stands at 93 percent of the total claims. 16,549 out of 17,848 claims made demanding compensation have been sorted out. It is evident through the report submitted by 15 general insurance companies except NB insurance to the board.</p>

<p style="text-align:justify"><br />
As per the statistics of the board, the companies has paid Rs 12.41 billion out of Rs 16.55 billion claim amount &nbsp;to their insured. It also shows that 7.04 percent claims and 25.18 percent amount are still waiting to be settled. &nbsp;</p>

<p style="text-align:justify"><br />
According to Dhruba Timilsina, Deputy Director of the board, among the total paid claim amount, Rs 6.31 billion has been received through re-insurance. He also said that settlement of 75 percent claims in the 19 months of period is satisfactory. &quot;It is normal for some delays if the damages of insured properties and infrastructures, field reports and insurance companies do not match during the process of claim payment.</p>

<p style="text-align:justify"><br />
The board informed that the insurance companies have made payment on various headings including fire, vehicle, marine, engineering and miscellaneous. &nbsp;The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 8.11 billion. Similarly, Rs 173.7 million has been paid under vehicle insurance claims followed by engineering claims of Rs 659 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p>

<p style="text-align:justify">Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. A survey shows nearly 1,000 claims submitted at insurance companies are big, controversial and complicated. These big companies include apartments, shopping malls and hydropower companies. &ldquo;The big companies&rsquo; claim are bit complicated, thus will be settled after some times,&rdquo; said Timilsina. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 4.99 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 266 claims for Rs 128.3 million.&nbsp;<br />
&nbsp;</p>
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		'Article' => array(
			'id' => '4758',
			'article_category_id' => '1',
			'title' => 'Ford’s Test Drive and Demo Event',
			'sub_title' => '',
			'summary' => 'November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.',
			'content' => '<p style="text-align: justify;">November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.</p>

<p style="text-align: justify;">As per Chhabi Gautam, Sales Manager of the company, the event showcased Ford vehicles and provided the information on features of the vehicles to the visitors. He said &ldquo;The event witnessed a big crowd for the test drive of Ford vehicles. More customers are being attractive towards Ford vehicles due to its features including safe and effective mileage, attractive design and stability.&rdquo; The company claims that Ford which is manufactured in India adopting American technology is suitable for the roads of Nepal.</p>

<p style="text-align: justify;">The company informed that the products of Ford such as Figo, Ecosport, Aspire and Endeavour are being sold from Pokhara. The price of Figo ranges from Rs 2,199,000 to Rs 3,599,000 in the Nepali market. The company claims that Ford has been able to gain popularity in a short span of time.&nbsp;</p>
',
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			'id' => '4757',
			'article_category_id' => '1',
			'title' => 'NRB Issues Repo of Rs 3 Billion',
			'sub_title' => '',
			'summary' => 'November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping ',
			'content' => '<p style="text-align: justify;">November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping up excess liquidity from the market through reverse repo till one week ago. However, the bank has now issued repo worth of Rs 3 billion citing lack of liquidity in the financial market.</p>

<p style="text-align: justify;">The BFIs taking the money through repo need to return the amount with interest within 14 days. The repo money is accessible to A, B and C listed BFIs only. According to NRB, the BFIs can submit their auction tender for the repo through online bidding system of the bank. Prior to this, the bank issued repo of Rs 5 billion on October 5.&nbsp;</p>
',
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			'sortorder' => '4587',
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			'article_category_id' => '1',
			'title' => 'Samudayik Laghubitta Appoints NMB Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches. ',
			'content' => '<p style="text-align: justify;">November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches.&nbsp;</p>
',
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			'sortorder' => '4586',
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			'id' => '4755',
			'article_category_id' => '1',
			'title' => 'Insurance Pact between Yeti Bank and National Life',
			'sub_title' => '',
			'summary' => 'November 17: Yeti Development Bank has launched 'Laghu Amrit Jeevan Beema' scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with N',
			'content' => '<p style="text-align: justify;">November 17: Yeti Development Bank has launched &#39;Laghu Amrit Jeevan Beema&#39; scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with National Life Insurance. In this regard, both institutions signed an agreement on Wednesday, November 16. Under the scheme, customers will be facilitated insurance services worth of Rs 5,000 to Rs 700,000. The bank informed that in case of death of the customer, the insured amount will be provided to authorised person under the scheme.</p>
',
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			'keywords' => '',
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			'sortorder' => '4585',
			'image' => '20161117104043_yeti bank.jpg',
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			'article_category_id' => '1',
			'title' => 'Everest Bank Declares Whopping Bonus Share and Right Share',
			'sub_title' => '',
			'summary' => 'November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after',
			'content' => '<p style="text-align: justify;">November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after distributing of bonus share to its existing shareholders. Both the proposals are subjected to the approval from NRB and upcoming AGM of the bank.</p>

<p style="text-align: justify;"><br />
Presently, the bank has paid-up of Rs 2.75 billion. After distribution of 70 per cent bonus share, the paid-up capital of the bank will reach Rs 4.67 billion. As per the capital plan and decision made by the 274th BOD, if the bank issues 3:1 right shares, the paid-up capital of the bank will reach Rs 6.24 billion.&nbsp;</p>

<p>&nbsp;</p>
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			'article_category_id' => '1',
			'title' => 'Siddhartha Insurance Earns Net Profit of Rs 30 million',
			'sub_title' => '',
			'summary' => 'November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.',
			'content' => '<p style="text-align: justify;">November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.</p>

<p style="text-align: justify;">Similarly, its income has increased by 33.88 per cent to Rs 64.4 million during the period. The company has earned insurance premium of Rs 47.71 per cent to Rs 426.7 million in the review period. However, the total claim amount has decreased by 49 per cent to Rs 126.7 million. Similarly, the due claim amount has decreased by 53 per cent to Rs 500 million. Meanwhile, the reserve fund of the company has increased by 17.18 per cent to Rs 165 million during the review period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4583',
			'image' => '20161116032245_siddhartha.jpg',
			'article_date' => '2016-11-16 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '4752',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.',
			'content' => '<p style="text-align: justify;">November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.</p>

<p style="text-align: justify;">The bank informed that the investors registered in its shareholders book up to October 27 can apply for the right shares. The interest shareholders can apply for the shares through its issue manager Civil Capital Market. After the issuance of the right shares, the paid-up capital of the bank will reach Rs 5.79 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 42 percent to Rs 246.9 million in the first three months of the current FY. Moreover the operating profit of the bank has increased by 30 percent in the first quarter of the current FY. The bank has net worth per share of Rs 119.73.&nbsp;</p>
',
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			'created' => '2016-11-16',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4582',
			'image' => '20161116024103_Machhapuchhre-bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '4751',
			'article_category_id' => '1',
			'title' => 'Inland Revenue Department Unveiling Tax App and SMS System',
			'sub_title' => '5th National Tax Day',
			'summary' => 'November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program. ',
			'content' => '<p style="text-align: justify;">November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program.&nbsp;</p>

<p style="text-align: justify;"><br />
The app will facilitate a tax payer in achieving information on income tax, excise duty, dateline to submit details, fine and charges easily. The app which will be available for the smart phones with android based operation system of Google in the first phase will be available for the users of Apple&#39;s iphone with iOS operating system after sometime, as per the source.&nbsp;</p>

<p style="text-align: justify;"><br />
The app synchronized with the website of the department has a separate gateway for tax payers and tax officers for their information quest. The PAN number holder tax payers will have to enter the portal by inserting their unique user ID and password. &ldquo;The information uploaded in the website will automatically get uploaded in the app and it will be alerted to the user through a message,&rdquo; the source informed.</p>

<p style="text-align: justify;"><br />
Similarly, the department is launching the SMS service from Wednesday itself. &nbsp;In the first phase, the service will be available for the users of Nepal Telecom only. The SMS system is on push and pull based where the tax payer can ask (pull) for the information as per their need and tax executive can provide (pull) the information time to time.&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4581',
			'image' => '20161116021444_revenue.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '4750',
			'article_category_id' => '1',
			'title' => 'Nepal Bank in 80th year',
			'sub_title' => '',
			'summary' => 'November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers. ',
			'content' => '<p style="text-align: justify;">November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4580',
			'image' => '20161116114335_nepal bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4749',
			'article_category_id' => '1',
			'title' => 'CG Home Appliances for Winter',
			'sub_title' => '',
			'summary' => 'November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan 'Aba Jado Mei Cha Mazza'.',
			'content' => '<p style="text-align: justify;">November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan &#39;Aba Jado Mei Cha Mazza&#39;.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed of launching various models of room heater, fan heater, gas geyser, hot pot, electronic kettle and water dispenser.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4579',
			'image' => '20161116113524_cg.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4748',
			'article_category_id' => '1',
			'title' => 'Araniko Provides In-house Training to Employees',
			'sub_title' => '',
			'summary' => 'November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation.  The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement',
			'content' => '<p style="text-align: justify;">November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation. &nbsp;The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4578',
			'image' => '20161116112642_arniko.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4747',
			'article_category_id' => '1',
			'title' => 'Api Power's Net Profit Increases 6 Folds',
			'sub_title' => '',
			'summary' => 'November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY. ',
			'content' => '<p style="text-align: justify;">November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY.&nbsp;</p>

<p style="text-align: justify;"><br />
The company earned Rs 46.1 million income by selling electricity to Nepal Electricity Authority during the review period. Meanwhile, the earning per share of the company is rested at Rs 108.42 whereas P/E ratio is at 90 times. The company has share capital of Rs 1 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4577',
			'image' => '20161116110317_api.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '4746',
			'article_category_id' => '1',
			'title' => 'Nepal Ranks 7th in FCAS Study Conducted by ADB',
			'sub_title' => '',
			'summary' => 'November 16: Nepal has been ranked 7th in a study 'Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific – The ADB Experience' conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 ',
			'content' => '<p style="text-align: justify;">November 16: Nepal has been ranked 7th in a study &#39;Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific &ndash; The ADB Experience&#39; conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 developing member countries affected by fragility and conflict.</p>

<p style="text-align: justify;">The study conducted on FCAS hit countries of Asia and the Pacific has ranked Afghanistan at top position followed by Kiribati, Marshall Islands, Federated States of Micronesia, Myanmar, Nauru, Nepal, Papua New Guinea, Solomon Islands, Timor-Leste, Tuvalu, and Vanuatu. According to the report, all of these countries have achieved few gains on economic management, structural policies, social inclusion/equity and public sector management between 2006 and 2015.</p>

<p style="text-align: justify;">The ADB report has characterized the FCAS countries by political instability, weak governance and institutional capacity, economic and social insecurity and greater vulnerability to the effects of climate change. They confront complex and multi-faceted issues, and prioritizing development interventions is often challenging.</p>

<p style="text-align: justify;">The report notes that while in some FCAS countries, investments by governments and development partners in transportation, energy, education, health, private sector development and other areas may have reaped some benefits, much more must be done to ensure sustainability.</p>

<p style="text-align: justify;">A new approach to FCAS countries, the study suggests, should focus on better knowledge and understanding of the political economy context of each sector when designing development programs and projects, including a careful analysis of governance, institutional, political and social issues.</p>

<p style="text-align: justify;">Appreciating the role of development partners in these FCAS countries, the bank said that the development partners need to improve their approach to promote sustainable development in countries that have FCAS through critical analysis of economic, structural, social, political, and institutional issues in each country and by customizing interventions based on the local context.</p>

<p style="text-align: justify;">&ldquo;Every fragile situation calls for a unique response. If the right policies&mdash;customized to the local context&mdash;are not in place and core institutions are not strong enough to absorb the resources provided by development partners, the vicious cycle of fragility, conflict, and poverty will continue,&rdquo; said Stephen Groff, ADB Vice President for East Asia, Southeast Asia and the Pacific. &ldquo;Sound structural policies can lead to more effective and efficient governance, while social inclusion and equity are the foundation for political stability and socio-economic growth.&rdquo;</p>

<p style="text-align: justify;">The study recommends that development partners and governments should include some key areas in their priority list for assistance. They involve mainstreaming gender equality at the local level, strengthening accountability mechanisms for public resource use, increasing investment on health and education, capacity building for environmental institutions, developing an innovative policy framework on land use, and improving regulatory frameworks for trade, finance and business.</p>
',
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			'sortorder' => '4576',
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	(int) 13 => array(
		'Article' => array(
			'id' => '4745',
			'article_category_id' => '1',
			'title' => 'Test Drive of Honda Navi ',
			'sub_title' => '',
			'summary' => 'November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.',
			'content' => '<p style="text-align:justify">November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for&nbsp;Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.&nbsp;</p>

<p style="text-align:justify">The Honda Navi is powered by 110cc, single-cylinder engine which is mated to an automatic gearbox. &nbsp;The bike has a high ground clearance of 156mm, 130mm brakes in both front and rear, telescopic suspension at front and spring-loaded hydraulic at rear and a fuel tank capacity of 3.8 liters.&nbsp;</p>

<p style="text-align:justify"><br />
According to the statement, the launch of Honda Navi has opened up all-new segment in Nepali two-wheelers segment. Navi looks like a cross between an adventure bike and a commuter motorcycle.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;Honda Navi is available in five different color options including patriot red, shasta white, hooper green, sparky orange and black. Available in three variants including street, adventure &amp; off-road, the Navi comes with several customization options that facilitate buyers to modify the Navi as per their need and taste,&quot; reads the statement.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2016-11-15',
			'modified' => '2016-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4575',
			'image' => '20161115034457_navi.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4744',
			'article_category_id' => '1',
			'title' => 'Insurance Market after Earthquake: 75% Claims Settled',
			'sub_title' => '',
			'summary' => 'November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The s',
			'content' => '<p style="text-align:justify">November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The statistics of Insurance Board shows that 74.82 percent of the total claims submitted at general insurance companies have been settled so far.</p>

<p style="text-align:justify"><br />
However, considering the number of claims, the total payment stands at 93 percent of the total claims. 16,549 out of 17,848 claims made demanding compensation have been sorted out. It is evident through the report submitted by 15 general insurance companies except NB insurance to the board.</p>

<p style="text-align:justify"><br />
As per the statistics of the board, the companies has paid Rs 12.41 billion out of Rs 16.55 billion claim amount &nbsp;to their insured. It also shows that 7.04 percent claims and 25.18 percent amount are still waiting to be settled. &nbsp;</p>

<p style="text-align:justify"><br />
According to Dhruba Timilsina, Deputy Director of the board, among the total paid claim amount, Rs 6.31 billion has been received through re-insurance. He also said that settlement of 75 percent claims in the 19 months of period is satisfactory. &quot;It is normal for some delays if the damages of insured properties and infrastructures, field reports and insurance companies do not match during the process of claim payment.</p>

<p style="text-align:justify"><br />
The board informed that the insurance companies have made payment on various headings including fire, vehicle, marine, engineering and miscellaneous. &nbsp;The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 8.11 billion. Similarly, Rs 173.7 million has been paid under vehicle insurance claims followed by engineering claims of Rs 659 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p>

<p style="text-align:justify">Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. A survey shows nearly 1,000 claims submitted at insurance companies are big, controversial and complicated. These big companies include apartments, shopping malls and hydropower companies. &ldquo;The big companies&rsquo; claim are bit complicated, thus will be settled after some times,&rdquo; said Timilsina. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 4.99 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 266 claims for Rs 128.3 million.&nbsp;<br />
&nbsp;</p>
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			'id' => '4758',
			'article_category_id' => '1',
			'title' => 'Ford’s Test Drive and Demo Event',
			'sub_title' => '',
			'summary' => 'November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.',
			'content' => '<p style="text-align: justify;">November 17: Auto Venture, the authorised distributor of Ford vehicles in Pokhara has concluded the test drive and demo event. According to the company, the event was organized at Dumre and Abu Khareni of Tanahun and Syangja Bazaar and Baaling of Syangja with a view to promote the business.</p>

<p style="text-align: justify;">As per Chhabi Gautam, Sales Manager of the company, the event showcased Ford vehicles and provided the information on features of the vehicles to the visitors. He said &ldquo;The event witnessed a big crowd for the test drive of Ford vehicles. More customers are being attractive towards Ford vehicles due to its features including safe and effective mileage, attractive design and stability.&rdquo; The company claims that Ford which is manufactured in India adopting American technology is suitable for the roads of Nepal.</p>

<p style="text-align: justify;">The company informed that the products of Ford such as Figo, Ecosport, Aspire and Endeavour are being sold from Pokhara. The price of Figo ranges from Rs 2,199,000 to Rs 3,599,000 in the Nepali market. The company claims that Ford has been able to gain popularity in a short span of time.&nbsp;</p>
',
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			'article_date' => '2016-11-17 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '4757',
			'article_category_id' => '1',
			'title' => 'NRB Issues Repo of Rs 3 Billion',
			'sub_title' => '',
			'summary' => 'November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping ',
			'content' => '<p style="text-align: justify;">November 17: Nepal Rastra Bank has issued Rs 3 billion worth of repo to banks and financial institutions (BFIs) to tackle decreasing liquidity in the financial market. NRB had been mopping up excess liquidity from the market through reverse repo till one week ago. However, the bank has now issued repo worth of Rs 3 billion citing lack of liquidity in the financial market.</p>

<p style="text-align: justify;">The BFIs taking the money through repo need to return the amount with interest within 14 days. The repo money is accessible to A, B and C listed BFIs only. According to NRB, the BFIs can submit their auction tender for the repo through online bidding system of the bank. Prior to this, the bank issued repo of Rs 5 billion on October 5.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4587',
			'image' => '20161117113026_nrb.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4756',
			'article_category_id' => '1',
			'title' => 'Samudayik Laghubitta Appoints NMB Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches. ',
			'content' => '<p style="text-align: justify;">November 17: Samudayik Laghubitta Bittiya Sanstha is issuing 300,000 units of equity shares to general investors. In order to manage the issue, the Laghubitta Company appointed NMB Capital as its issue manager. Swoyambhu Ram Joshi, CEO of Samudayik Microfinancce and Srijesh Ghimire, CEO of NMB Capital signed an agreement related with the issue on behalf of their respective organisation. Samudayik has been providing microfinance services to the customers through its 32 branches.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4586',
			'image' => '20161117110518_samudayik.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4755',
			'article_category_id' => '1',
			'title' => 'Insurance Pact between Yeti Bank and National Life',
			'sub_title' => '',
			'summary' => 'November 17: Yeti Development Bank has launched 'Laghu Amrit Jeevan Beema' scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with N',
			'content' => '<p style="text-align: justify;">November 17: Yeti Development Bank has launched &#39;Laghu Amrit Jeevan Beema&#39; scheme targeting its customers employing microfinance loan. For the effective execution of the scheme, the bank has co-ordinate with National Life Insurance. In this regard, both institutions signed an agreement on Wednesday, November 16. Under the scheme, customers will be facilitated insurance services worth of Rs 5,000 to Rs 700,000. The bank informed that in case of death of the customer, the insured amount will be provided to authorised person under the scheme.</p>
',
			'published' => true,
			'created' => '2016-11-17',
			'modified' => '2016-11-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4585',
			'image' => '20161117104043_yeti bank.jpg',
			'article_date' => '2016-11-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4754',
			'article_category_id' => '1',
			'title' => 'Everest Bank Declares Whopping Bonus Share and Right Share',
			'sub_title' => '',
			'summary' => 'November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after',
			'content' => '<p style="text-align: justify;">November 16: Everest Bank is distributing 70 percent bonus share to its shareholders. The 274the board of directors meeting held on November 16 has proposed of distributing the bonus share to its shareholders. Moreover, the same meeting also proposed of floating 3:1 right shares of the paid-up capital maintained after distributing of bonus share to its existing shareholders. Both the proposals are subjected to the approval from NRB and upcoming AGM of the bank.</p>

<p style="text-align: justify;"><br />
Presently, the bank has paid-up of Rs 2.75 billion. After distribution of 70 per cent bonus share, the paid-up capital of the bank will reach Rs 4.67 billion. As per the capital plan and decision made by the 274th BOD, if the bank issues 3:1 right shares, the paid-up capital of the bank will reach Rs 6.24 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4584',
			'image' => '20161116043331_everst.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4753',
			'article_category_id' => '1',
			'title' => 'Siddhartha Insurance Earns Net Profit of Rs 30 million',
			'sub_title' => '',
			'summary' => 'November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.',
			'content' => '<p style="text-align: justify;">November 16: Siddhartha Insurance has earned the net profit of Rs 38 million in the first quarter of the current FY which is 32 per cent growth than the corresponding period of the last FY.</p>

<p style="text-align: justify;">Similarly, its income has increased by 33.88 per cent to Rs 64.4 million during the period. The company has earned insurance premium of Rs 47.71 per cent to Rs 426.7 million in the review period. However, the total claim amount has decreased by 49 per cent to Rs 126.7 million. Similarly, the due claim amount has decreased by 53 per cent to Rs 500 million. Meanwhile, the reserve fund of the company has increased by 17.18 per cent to Rs 165 million during the review period.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4583',
			'image' => '20161116032245_siddhartha.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4752',
			'article_category_id' => '1',
			'title' => 'Machhapuchchhre Bank to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.',
			'content' => '<p style="text-align: justify;">November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.</p>

<p style="text-align: justify;">The bank informed that the investors registered in its shareholders book up to October 27 can apply for the right shares. The interest shareholders can apply for the shares through its issue manager Civil Capital Market. After the issuance of the right shares, the paid-up capital of the bank will reach Rs 5.79 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 42 percent to Rs 246.9 million in the first three months of the current FY. Moreover the operating profit of the bank has increased by 30 percent in the first quarter of the current FY. The bank has net worth per share of Rs 119.73.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4582',
			'image' => '20161116024103_Machhapuchhre-bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4751',
			'article_category_id' => '1',
			'title' => 'Inland Revenue Department Unveiling Tax App and SMS System',
			'sub_title' => '5th National Tax Day',
			'summary' => 'November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program. ',
			'content' => '<p style="text-align: justify;">November 16: Inland Revenue Department (IRD) is unveiling a tax app and SMS system on the occasion of Fifth National Tax Day. According to a source at the department, the app that provides all the information related to tax will be unveiled on November 16 amid a special program.&nbsp;</p>

<p style="text-align: justify;"><br />
The app will facilitate a tax payer in achieving information on income tax, excise duty, dateline to submit details, fine and charges easily. The app which will be available for the smart phones with android based operation system of Google in the first phase will be available for the users of Apple&#39;s iphone with iOS operating system after sometime, as per the source.&nbsp;</p>

<p style="text-align: justify;"><br />
The app synchronized with the website of the department has a separate gateway for tax payers and tax officers for their information quest. The PAN number holder tax payers will have to enter the portal by inserting their unique user ID and password. &ldquo;The information uploaded in the website will automatically get uploaded in the app and it will be alerted to the user through a message,&rdquo; the source informed.</p>

<p style="text-align: justify;"><br />
Similarly, the department is launching the SMS service from Wednesday itself. &nbsp;In the first phase, the service will be available for the users of Nepal Telecom only. The SMS system is on push and pull based where the tax payer can ask (pull) for the information as per their need and tax executive can provide (pull) the information time to time.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4581',
			'image' => '20161116021444_revenue.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4750',
			'article_category_id' => '1',
			'title' => 'Nepal Bank in 80th year',
			'sub_title' => '',
			'summary' => 'November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers. ',
			'content' => '<p style="text-align: justify;">November 16: Nepal Bank has entered into 80 years of its establishment. On the occasion, the bank expressed its gratitude towards its customers, shareholders and well wishers for the continuous support and trust toward the bank. Moreover, the bank committed of providing superior and advance banking services in future as in gone days to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4580',
			'image' => '20161116114335_nepal bank.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4749',
			'article_category_id' => '1',
			'title' => 'CG Home Appliances for Winter',
			'sub_title' => '',
			'summary' => 'November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan 'Aba Jado Mei Cha Mazza'.',
			'content' => '<p style="text-align: justify;">November 16: CG Electronics has launched new models of home appliances in the Nepali market targeting winter season. The company launched the home appliances with a slogan &#39;Aba Jado Mei Cha Mazza&#39;.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed of launching various models of room heater, fan heater, gas geyser, hot pot, electronic kettle and water dispenser.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4579',
			'image' => '20161116113524_cg.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4748',
			'article_category_id' => '1',
			'title' => 'Araniko Provides In-house Training to Employees',
			'sub_title' => '',
			'summary' => 'November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation.  The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement',
			'content' => '<p style="text-align: justify;">November 16: Arniko Development Bank has provided in-house training to its employees in a bid to enhance their competency. The bank organised the in-house training at Dhulikhel Village Resort in which employees from all branches including central office took participation. &nbsp;The two-days training that started on Saturday was conducted by Jhanak Raj Dhungel, Chief Executive Officer of the bank, Dr Madan Bist and C N Dharti. The bank with a paid-up capital of Rs 257.8 million has collected Rs 2.91 billion deposit and extended Rs 1.82 billion loans, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4578',
			'image' => '20161116112642_arniko.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4747',
			'article_category_id' => '1',
			'title' => 'Api Power's Net Profit Increases 6 Folds',
			'sub_title' => '',
			'summary' => 'November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY. ',
			'content' => '<p style="text-align: justify;">November 16: Api power company has earned Rs 17 million net profit in the first quarter of the current FY which is nearly 6 times more than the corresponding period of the last FY. The company had earned merely Rs 2.5 million annual net profit during the last FY.&nbsp;</p>

<p style="text-align: justify;"><br />
The company earned Rs 46.1 million income by selling electricity to Nepal Electricity Authority during the review period. Meanwhile, the earning per share of the company is rested at Rs 108.42 whereas P/E ratio is at 90 times. The company has share capital of Rs 1 billion.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4577',
			'image' => '20161116110317_api.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4746',
			'article_category_id' => '1',
			'title' => 'Nepal Ranks 7th in FCAS Study Conducted by ADB',
			'sub_title' => '',
			'summary' => 'November 16: Nepal has been ranked 7th in a study 'Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific – The ADB Experience' conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 ',
			'content' => '<p style="text-align: justify;">November 16: Nepal has been ranked 7th in a study &#39;Mapping Fragile and Conflict-Affected Situations (FCAS) in Asia and the Pacific &ndash; The ADB Experience&#39; conducted by Asian Development Bank (ADB). The report published by the bank on November 15 reviewed the country performance assessments of 12 developing member countries affected by fragility and conflict.</p>

<p style="text-align: justify;">The study conducted on FCAS hit countries of Asia and the Pacific has ranked Afghanistan at top position followed by Kiribati, Marshall Islands, Federated States of Micronesia, Myanmar, Nauru, Nepal, Papua New Guinea, Solomon Islands, Timor-Leste, Tuvalu, and Vanuatu. According to the report, all of these countries have achieved few gains on economic management, structural policies, social inclusion/equity and public sector management between 2006 and 2015.</p>

<p style="text-align: justify;">The ADB report has characterized the FCAS countries by political instability, weak governance and institutional capacity, economic and social insecurity and greater vulnerability to the effects of climate change. They confront complex and multi-faceted issues, and prioritizing development interventions is often challenging.</p>

<p style="text-align: justify;">The report notes that while in some FCAS countries, investments by governments and development partners in transportation, energy, education, health, private sector development and other areas may have reaped some benefits, much more must be done to ensure sustainability.</p>

<p style="text-align: justify;">A new approach to FCAS countries, the study suggests, should focus on better knowledge and understanding of the political economy context of each sector when designing development programs and projects, including a careful analysis of governance, institutional, political and social issues.</p>

<p style="text-align: justify;">Appreciating the role of development partners in these FCAS countries, the bank said that the development partners need to improve their approach to promote sustainable development in countries that have FCAS through critical analysis of economic, structural, social, political, and institutional issues in each country and by customizing interventions based on the local context.</p>

<p style="text-align: justify;">&ldquo;Every fragile situation calls for a unique response. If the right policies&mdash;customized to the local context&mdash;are not in place and core institutions are not strong enough to absorb the resources provided by development partners, the vicious cycle of fragility, conflict, and poverty will continue,&rdquo; said Stephen Groff, ADB Vice President for East Asia, Southeast Asia and the Pacific. &ldquo;Sound structural policies can lead to more effective and efficient governance, while social inclusion and equity are the foundation for political stability and socio-economic growth.&rdquo;</p>

<p style="text-align: justify;">The study recommends that development partners and governments should include some key areas in their priority list for assistance. They involve mainstreaming gender equality at the local level, strengthening accountability mechanisms for public resource use, increasing investment on health and education, capacity building for environmental institutions, developing an innovative policy framework on land use, and improving regulatory frameworks for trade, finance and business.</p>
',
			'published' => true,
			'created' => '2016-11-16',
			'modified' => '2016-11-16',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4576',
			'image' => '20161116104527_adb.jpg',
			'article_date' => '2016-11-16 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '4745',
			'article_category_id' => '1',
			'title' => 'Test Drive of Honda Navi ',
			'sub_title' => '',
			'summary' => 'November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.',
			'content' => '<p style="text-align:justify">November 15: Syakar Trading, the authorized distributor for Honda motorcycle and motor scooter for&nbsp;Nepal, has conducted Navi experience event on November 11. Issuing a press statement, the company informed that in the test drive, Honda Navi was put up for a test drive in a gymkhana based track at Syakar Safety Riding Training Center (SSRTC), Gwarko.&nbsp;</p>

<p style="text-align:justify">The Honda Navi is powered by 110cc, single-cylinder engine which is mated to an automatic gearbox. &nbsp;The bike has a high ground clearance of 156mm, 130mm brakes in both front and rear, telescopic suspension at front and spring-loaded hydraulic at rear and a fuel tank capacity of 3.8 liters.&nbsp;</p>

<p style="text-align:justify"><br />
According to the statement, the launch of Honda Navi has opened up all-new segment in Nepali two-wheelers segment. Navi looks like a cross between an adventure bike and a commuter motorcycle.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;Honda Navi is available in five different color options including patriot red, shasta white, hooper green, sparky orange and black. Available in three variants including street, adventure &amp; off-road, the Navi comes with several customization options that facilitate buyers to modify the Navi as per their need and taste,&quot; reads the statement.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-11-15',
			'modified' => '2016-11-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4575',
			'image' => '20161115034457_navi.jpg',
			'article_date' => '2016-11-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4744',
			'article_category_id' => '1',
			'title' => 'Insurance Market after Earthquake: 75% Claims Settled',
			'sub_title' => '',
			'summary' => 'November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The s',
			'content' => '<p style="text-align:justify">November 15: Although the earthquake memory of the Nepali people has started to blur, the insurance sector of the country is yet to free itself from the rubbles of the quake. Even after one and half years of the devastating earthquake, the insurance claims for the destroyed physical infrastructure and properties have not been completely settled. The statistics of Insurance Board shows that 74.82 percent of the total claims submitted at general insurance companies have been settled so far.</p>

<p style="text-align:justify"><br />
However, considering the number of claims, the total payment stands at 93 percent of the total claims. 16,549 out of 17,848 claims made demanding compensation have been sorted out. It is evident through the report submitted by 15 general insurance companies except NB insurance to the board.</p>

<p style="text-align:justify"><br />
As per the statistics of the board, the companies has paid Rs 12.41 billion out of Rs 16.55 billion claim amount &nbsp;to their insured. It also shows that 7.04 percent claims and 25.18 percent amount are still waiting to be settled. &nbsp;</p>

<p style="text-align:justify"><br />
According to Dhruba Timilsina, Deputy Director of the board, among the total paid claim amount, Rs 6.31 billion has been received through re-insurance. He also said that settlement of 75 percent claims in the 19 months of period is satisfactory. &quot;It is normal for some delays if the damages of insured properties and infrastructures, field reports and insurance companies do not match during the process of claim payment.</p>

<p style="text-align:justify"><br />
The board informed that the insurance companies have made payment on various headings including fire, vehicle, marine, engineering and miscellaneous. &nbsp;The highest amount of insurance claim has been paid under fire insurance coverage which was Rs 8.11 billion. Similarly, Rs 173.7 million has been paid under vehicle insurance claims followed by engineering claims of Rs 659 million. Likewise, Rs 3.46 billion has been paid under miscellaneous heading. During the period, the lowest claim amount is paid under marine insurance of Rs 400,000.</p>

<p style="text-align:justify">Although insurance companies have paid insurance claim amount to the majority of policy holders, big and complicated insurance claims are still waiting to be settled. A survey shows nearly 1,000 claims submitted at insurance companies are big, controversial and complicated. These big companies include apartments, shopping malls and hydropower companies. &ldquo;The big companies&rsquo; claim are bit complicated, thus will be settled after some times,&rdquo; said Timilsina. Among the total claims received by the insurance companies, Himalayan General Insurance Company received the highest amount of the claims of Rs 4.99 billion whereas Rastriya Beema Sanstha received the insurance claim of the least amount. Rastriya Beema Sanstha received a total number of 266 claims for Rs 128.3 million.&nbsp;<br />
&nbsp;</p>
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