November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last…
November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so…
November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI…
November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its…
November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing…
November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive…
November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129…
November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last…
November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last…
November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe…
November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern…
November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200…
November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed…
November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal…
November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4743', 'article_category_id' => '1', 'title' => 'Internal Income of KMC Increases 22%', 'sub_title' => '', 'summary' => 'November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.', 'content' => '<p style="text-align: justify;">November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.</p> <p style="text-align: justify;">According to Kafle, the income stood at Rs 176.9 million during mid Sept/mid Oct of the last FY while it has totaled Rs 216.5 million in the review period of the current FY.</p> <p style="text-align: justify;">“The added responsibility of charging home and land tax along with design approval tax has contributed in the increased internal income of KMC,” Kafle said. Previously, these taxes were charged by Department of Building Construction Permit. As per him, KMC was assigned the responsibility of charging the taxes from the current FY.</p> <p style="text-align: justify;">Similarly, the KMC has also started to collect home and land due tax and waiver as well as land tax which also helped to boost its income. Increase in design approval charges is yet another reason for its growing income. According to KMC, it has provided 75 and 25 percent tax waiver to the houses which were totally and partially damaged by last year’s earthquake. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4573', 'image' => '20161115014344_kmc.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4742', 'article_category_id' => '1', 'title' => 'MAW Earthmovers Introduces ‘JCB Live Link’ in Nepal', 'sub_title' => '', 'summary' => 'November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so f', 'content' => '<p style="text-align: justify;">November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so far,” informed the company’s Chairman Vishnu Kumar Agarwal. “The system provides information on service, operation and security (SOS) of JCB machines.”</p> <p style="text-align: justify;">According to the company, JCB Livelink can be retrofitted in already operational JCB Backhoe Loaders as well. “One of the key benefits is the protection from theft as JCB Livelink allows machines to be tracked and located through its network if stolen,” reads the statement. “Livelink pinpoints a machine’s exact location and sends the information back to JCB’s secure data centre. It also allows customers and dealers to monitor machine hours, fuel economy, and usage data as well as receive health alerts.” As per the company, all of these features can be accessed through a simple web site or via a mobile phone through SMS alerts.</p> <p style="text-align: justify;">Speaking in a program, Agarwal said that the system will ease users to use their machines safely and effectively. MAW Earthmovers has been the authorised distributor of JCB in Nepal since 2003. The company has been selling various JCB products such as backhoe loaders, wheeled loading shovel, tracked excavator, vibratory compactor, skid steer loader and diesel gensets in Nepal. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4572', 'image' => '20161115123919_jcb.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4741', 'article_category_id' => '1', 'title' => 'NBI to Coordinate with MDI', 'sub_title' => '', 'summary' => 'November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed', 'content' => '<p>November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed the agreement on behalf their respective organisation. Issuing a press statement, the institute informed that the co-ordination between the two institutions will help in exchanging experiences in organising training, meeting and seminars as well as in studies, research and analysis. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4571', 'image' => '20161115123651_nbi.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4740', 'article_category_id' => '1', 'title' => 'Kumari Bank to issue 50% Right Share', 'sub_title' => '', 'summary' => 'November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing', 'content' => '<p style="text-align: justify;">November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing shareholders. Moreover, the SGM also approved the proposal of increasing its authorised, issued and paid-up capital by amending its article of association.</p> <p style="text-align: justify;">Presently, Kumari Bank is forwarding the process of acquiring Kasthamandap Development Bank, Pachimanchal Finance Company, Mahakali Bikash Bank And Kakrebihar Bikash Bank. The bank has already signed an agreement with the aforementioned banks regarding acquisition. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4570', 'image' => '20161115123304_kumari bank.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4739', 'article_category_id' => '1', 'title' => 'Trisuli Galchi Obtains License from DoED', 'sub_title' => '', 'summary' => 'November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing proce', 'content' => '<p style="text-align: justify;">November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing process. "The licensing process which used to take 6-7 months will now conclude in 2-2.5 months. It will help to forward any project without delay," said, Pooja Dahal Neupane, Executive Director of Siddhakali Power.</p> <p style="text-align: justify;">The essential documents and procedure of providing detail presentation is same. However, the licensing procedure has significantly shortened," she added. Siddhakali Power is developing 75MW Trisuli Galchi hydropower project. The project obtained the license on October 17 from the department. In this regard, it has become the first hydropower project to get license from the department after amendment of the previous licensing mechanism. The amended regulation has authorised the department of providing license to the projects under 100MW.</p> <p style="text-align: justify;">"The department however has not provided any license for project survey," said Babu Raj Adhikari, Senior Divisional Engineer of the department. "The department might provide licenses to 4/5 projects under 25MW capacity and to 1/2 projects above 50 MW within a week."</p> <p style="text-align: justify;">Adikari informed that a project might obtain a license within a week given that the project submits all essential documents at once. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4569', 'image' => '20161115122301_TRISULI GALCHI.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4738', 'article_category_id' => '1', 'title' => 'MoneyGram Distributes Prizes of Festive Scheme', 'sub_title' => '', 'summary' => 'November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.', 'content' => '<p style="text-align:justify">November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.</p> <p style="text-align:justify">Under the scheme, the company distributed 10 motorcycles, 10 refrigerators and 10 mobile phones to the winners. Julius, Senior Director of South Asian and JCC Countries of MoneyGram handed over the prizes to the winners with a promise of providing more services beyond the customer's expectation. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4568', 'image' => '20161115104207_moneygram.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4737', 'article_category_id' => '1', 'title' => 'NCC Bank's Loan Extension Increases 17%', 'sub_title' => '', 'summary' => 'November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.', 'content' => '<p style="text-align: justify;">November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased to Rs 170.4 million which is 27 percent growth compared to the same period of the last FY. The bank has recovered Rs 32.3 million bad debt of the last FY. The bank has non-performing loan of 0.96 percent during the review period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4567', 'image' => '20161114050413_ncc.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4736', 'article_category_id' => '1', 'title' => 'Everest Bank's Net Profit Increases 41%', 'sub_title' => '', 'summary' => 'November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.</p> <p style="text-align: justify;">The operating profit of the bank has increased by 42 percent to Rs 769.4 million in the first three months of the current FY. Similarly, the loan extension of the bank has increased by 35.47 percent to Rs 69.53 billion during the review period. The bank has been able to recover Rs 35.3 million bad debt of the last FY. The non-performing loan of the bank has reached 0.36 percent during the period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4566', 'image' => '20161114045114_everest bank.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4735', 'article_category_id' => '1', 'title' => 'BOKL Earns Net Profit of Rs 270 million', 'sub_title' => '', 'summary' => 'November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.', 'content' => '<p style="text-align: justify;">November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased by 55 percent to Rs 390.9 million compared to the corresponding period of the last FY. The bank has extended loan of Rs 61.47 billion in the first three months of the current FY which is 79 percent more than the same period of the last FY. Likewise, the bank has been able to recover Rs 33.8 million bad debt of the last FY. The bank's non-performing loan has reached 1.12 percent. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4565', 'image' => '20161114042715_BOKL.JPG', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4734', 'article_category_id' => '1', 'title' => 'NRB Unable to Implement Chip Base ATM Card System', 'sub_title' => '', 'summary' => 'November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card.', 'content' => '<p style="text-align:justify">November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards being used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card. </p> <p style="text-align:justify"><br /> NRB had announced of implementing considerably more secure chip based card in the budget speech of the last FY. However, the BFIs are not showing any interest on displacement of magnetic strip card even after cross the given deadline. NRB had provided one year period to the BFIs to displace the magnetic stripe card within mid-October 2015. </p> <p style="text-align:justify"><br /> NRB believes that the use of chip based card will help of control the duplication and fraud caused by magnetic stripe card. However, the bank mentioned that implementation of chip based card immediately is not possible. </p> <p style="text-align:justify"><br /> Meanwhile, Upendra Paudyal, President of Nepal Bankers Association points out that magnetic stripe card is not only the reason for the cause of ATM frauds. As per him, the confidential information is theft from ATM booth so additional supervision is necessary. <br /> </p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4564', 'image' => '20161114035354_atm.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4733', 'article_category_id' => '1', 'title' => 'FNCCI Urges Government to Facilitate Exchange of Abolished Notes', 'sub_title' => '', 'summary' => 'November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern t', 'content' => '<p style="text-align: justify;">November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.</p> <p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p> <p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4563', 'image' => '20161114031559_FNCCI.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4732', 'article_category_id' => '1', 'title' => '200 Plastic Industries Closed, 4000 employments lost', 'sub_title' => '', 'summary' => 'November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.', 'content' => '<p style="text-align: justify;">November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.</p> <p style="text-align: justify;">The plastic manufacturers claim that the government is trying to close the industries instead of stressing execution of the directive that has set standard of plastic. "The government's move has caused heavy losses to the entrepreneurs," said Sharma. The government's move has caused deterioration of domestic investment, however, raised import of foreign plastic product in the Nepali market. As per Sharma, more than 4000 workers lost direct employment due to the closure of plastic industries.</p> <p style="text-align: justify;">However, department of environment said that although the government has banned the production of below standard plastic bags, most of the plastic industries in and around the valley are still into operation. According to the department, it had restricted production, sales and distribution of plastic bags below 30 microns. </p> <p style="text-align: justify;">Recently, the government started inspection of the plastic industries that are producing plastic product below standard. It has also taken action against those industries who failed to recuperate as per the government's directive. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4562', 'image' => '20161114021744_plst.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4731', 'article_category_id' => '1', 'title' => 'Construction 36 MW Balephi 'A' Hydropower Project Starts', 'sub_title' => '', 'summary' => 'November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed ', 'content' => '<p style="text-align: justify;">November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.</p> <p style="text-align: justify;">The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed through a consortium loan of five banks including Global IME, Sanima, Everest, SBI and NIDC Development Bank. The power house of the project which is being constructed at Golche and Gumba VDC of Sindhupalchok will be built at Golche.</p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4561', 'image' => '20161114125523_balephi_khola.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4730', 'article_category_id' => '1', 'title' => 'IPO to Float under Free Pricing Mechanism', 'sub_title' => '', 'summary' => 'November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).', 'content' => '<p style="text-align: justify;">November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).</p> <p style="text-align: justify;">Issuing a press statement on November 13, SEBON informed of scrapping the 'Securities Registration and Issue Regulations, 2065'. The new regulation particularly mentions of forming a mechanism under which international financial institution will be able to issue bond/debentures in local currency. Similarly, real organised sectors will be given opportunity to go public with minimum of 10 percent public offering. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4560', 'image' => '20161114124130_ipo.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4729', 'article_category_id' => '1', 'title' => 'Lions Motor Rally on November 17', 'sub_title' => '', 'summary' => 'November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).', 'content' => '<p style="text-align: justify;">November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).</p> <p style="text-align: justify;">The motor rally that is scheduled to start from Lainchaur Banquet at 11.00 hours, will reach Pokhara through touching various locations. The club is also organising Lions Multiple Festival 2016 at the same time in Pokhara. The club informs that the motor rally of this year is special, also due to the festival. The overall management of the rally is being done by Lion club of Kathmandu Rising sun affiliated with Lions Club International District 325 A1. The motor rally is officially sponsored by Gulf Lubricants. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4559', 'image' => '20161114111914_lions.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4743', 'article_category_id' => '1', 'title' => 'Internal Income of KMC Increases 22%', 'sub_title' => '', 'summary' => 'November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.', 'content' => '<p style="text-align: justify;">November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.</p> <p style="text-align: justify;">According to Kafle, the income stood at Rs 176.9 million during mid Sept/mid Oct of the last FY while it has totaled Rs 216.5 million in the review period of the current FY.</p> <p style="text-align: justify;">“The added responsibility of charging home and land tax along with design approval tax has contributed in the increased internal income of KMC,” Kafle said. Previously, these taxes were charged by Department of Building Construction Permit. As per him, KMC was assigned the responsibility of charging the taxes from the current FY.</p> <p style="text-align: justify;">Similarly, the KMC has also started to collect home and land due tax and waiver as well as land tax which also helped to boost its income. Increase in design approval charges is yet another reason for its growing income. According to KMC, it has provided 75 and 25 percent tax waiver to the houses which were totally and partially damaged by last year’s earthquake. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4573', 'image' => '20161115014344_kmc.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4742', 'article_category_id' => '1', 'title' => 'MAW Earthmovers Introduces ‘JCB Live Link’ in Nepal', 'sub_title' => '', 'summary' => 'November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so f', 'content' => '<p style="text-align: justify;">November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so far,” informed the company’s Chairman Vishnu Kumar Agarwal. “The system provides information on service, operation and security (SOS) of JCB machines.”</p> <p style="text-align: justify;">According to the company, JCB Livelink can be retrofitted in already operational JCB Backhoe Loaders as well. “One of the key benefits is the protection from theft as JCB Livelink allows machines to be tracked and located through its network if stolen,” reads the statement. “Livelink pinpoints a machine’s exact location and sends the information back to JCB’s secure data centre. It also allows customers and dealers to monitor machine hours, fuel economy, and usage data as well as receive health alerts.” As per the company, all of these features can be accessed through a simple web site or via a mobile phone through SMS alerts.</p> <p style="text-align: justify;">Speaking in a program, Agarwal said that the system will ease users to use their machines safely and effectively. MAW Earthmovers has been the authorised distributor of JCB in Nepal since 2003. The company has been selling various JCB products such as backhoe loaders, wheeled loading shovel, tracked excavator, vibratory compactor, skid steer loader and diesel gensets in Nepal. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4572', 'image' => '20161115123919_jcb.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4741', 'article_category_id' => '1', 'title' => 'NBI to Coordinate with MDI', 'sub_title' => '', 'summary' => 'November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed', 'content' => '<p>November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed the agreement on behalf their respective organisation. Issuing a press statement, the institute informed that the co-ordination between the two institutions will help in exchanging experiences in organising training, meeting and seminars as well as in studies, research and analysis. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4571', 'image' => '20161115123651_nbi.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4740', 'article_category_id' => '1', 'title' => 'Kumari Bank to issue 50% Right Share', 'sub_title' => '', 'summary' => 'November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing', 'content' => '<p style="text-align: justify;">November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing shareholders. Moreover, the SGM also approved the proposal of increasing its authorised, issued and paid-up capital by amending its article of association.</p> <p style="text-align: justify;">Presently, Kumari Bank is forwarding the process of acquiring Kasthamandap Development Bank, Pachimanchal Finance Company, Mahakali Bikash Bank And Kakrebihar Bikash Bank. The bank has already signed an agreement with the aforementioned banks regarding acquisition. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4570', 'image' => '20161115123304_kumari bank.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4739', 'article_category_id' => '1', 'title' => 'Trisuli Galchi Obtains License from DoED', 'sub_title' => '', 'summary' => 'November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing proce', 'content' => '<p style="text-align: justify;">November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing process. "The licensing process which used to take 6-7 months will now conclude in 2-2.5 months. It will help to forward any project without delay," said, Pooja Dahal Neupane, Executive Director of Siddhakali Power.</p> <p style="text-align: justify;">The essential documents and procedure of providing detail presentation is same. However, the licensing procedure has significantly shortened," she added. Siddhakali Power is developing 75MW Trisuli Galchi hydropower project. The project obtained the license on October 17 from the department. In this regard, it has become the first hydropower project to get license from the department after amendment of the previous licensing mechanism. The amended regulation has authorised the department of providing license to the projects under 100MW.</p> <p style="text-align: justify;">"The department however has not provided any license for project survey," said Babu Raj Adhikari, Senior Divisional Engineer of the department. "The department might provide licenses to 4/5 projects under 25MW capacity and to 1/2 projects above 50 MW within a week."</p> <p style="text-align: justify;">Adikari informed that a project might obtain a license within a week given that the project submits all essential documents at once. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4569', 'image' => '20161115122301_TRISULI GALCHI.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4738', 'article_category_id' => '1', 'title' => 'MoneyGram Distributes Prizes of Festive Scheme', 'sub_title' => '', 'summary' => 'November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.', 'content' => '<p style="text-align:justify">November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.</p> <p style="text-align:justify">Under the scheme, the company distributed 10 motorcycles, 10 refrigerators and 10 mobile phones to the winners. Julius, Senior Director of South Asian and JCC Countries of MoneyGram handed over the prizes to the winners with a promise of providing more services beyond the customer's expectation. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4568', 'image' => '20161115104207_moneygram.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4737', 'article_category_id' => '1', 'title' => 'NCC Bank's Loan Extension Increases 17%', 'sub_title' => '', 'summary' => 'November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.', 'content' => '<p style="text-align: justify;">November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased to Rs 170.4 million which is 27 percent growth compared to the same period of the last FY. The bank has recovered Rs 32.3 million bad debt of the last FY. The bank has non-performing loan of 0.96 percent during the review period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4567', 'image' => '20161114050413_ncc.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4736', 'article_category_id' => '1', 'title' => 'Everest Bank's Net Profit Increases 41%', 'sub_title' => '', 'summary' => 'November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.</p> <p style="text-align: justify;">The operating profit of the bank has increased by 42 percent to Rs 769.4 million in the first three months of the current FY. Similarly, the loan extension of the bank has increased by 35.47 percent to Rs 69.53 billion during the review period. The bank has been able to recover Rs 35.3 million bad debt of the last FY. The non-performing loan of the bank has reached 0.36 percent during the period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4566', 'image' => '20161114045114_everest bank.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4735', 'article_category_id' => '1', 'title' => 'BOKL Earns Net Profit of Rs 270 million', 'sub_title' => '', 'summary' => 'November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.', 'content' => '<p style="text-align: justify;">November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased by 55 percent to Rs 390.9 million compared to the corresponding period of the last FY. The bank has extended loan of Rs 61.47 billion in the first three months of the current FY which is 79 percent more than the same period of the last FY. Likewise, the bank has been able to recover Rs 33.8 million bad debt of the last FY. The bank's non-performing loan has reached 1.12 percent. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4565', 'image' => '20161114042715_BOKL.JPG', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4734', 'article_category_id' => '1', 'title' => 'NRB Unable to Implement Chip Base ATM Card System', 'sub_title' => '', 'summary' => 'November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card.', 'content' => '<p style="text-align:justify">November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards being used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card. </p> <p style="text-align:justify"><br /> NRB had announced of implementing considerably more secure chip based card in the budget speech of the last FY. However, the BFIs are not showing any interest on displacement of magnetic strip card even after cross the given deadline. NRB had provided one year period to the BFIs to displace the magnetic stripe card within mid-October 2015. </p> <p style="text-align:justify"><br /> NRB believes that the use of chip based card will help of control the duplication and fraud caused by magnetic stripe card. However, the bank mentioned that implementation of chip based card immediately is not possible. </p> <p style="text-align:justify"><br /> Meanwhile, Upendra Paudyal, President of Nepal Bankers Association points out that magnetic stripe card is not only the reason for the cause of ATM frauds. As per him, the confidential information is theft from ATM booth so additional supervision is necessary. <br /> </p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4564', 'image' => '20161114035354_atm.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4733', 'article_category_id' => '1', 'title' => 'FNCCI Urges Government to Facilitate Exchange of Abolished Notes', 'sub_title' => '', 'summary' => 'November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern t', 'content' => '<p style="text-align: justify;">November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.</p> <p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p> <p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4563', 'image' => '20161114031559_FNCCI.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4732', 'article_category_id' => '1', 'title' => '200 Plastic Industries Closed, 4000 employments lost', 'sub_title' => '', 'summary' => 'November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.', 'content' => '<p style="text-align: justify;">November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.</p> <p style="text-align: justify;">The plastic manufacturers claim that the government is trying to close the industries instead of stressing execution of the directive that has set standard of plastic. "The government's move has caused heavy losses to the entrepreneurs," said Sharma. The government's move has caused deterioration of domestic investment, however, raised import of foreign plastic product in the Nepali market. As per Sharma, more than 4000 workers lost direct employment due to the closure of plastic industries.</p> <p style="text-align: justify;">However, department of environment said that although the government has banned the production of below standard plastic bags, most of the plastic industries in and around the valley are still into operation. According to the department, it had restricted production, sales and distribution of plastic bags below 30 microns. </p> <p style="text-align: justify;">Recently, the government started inspection of the plastic industries that are producing plastic product below standard. It has also taken action against those industries who failed to recuperate as per the government's directive. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4562', 'image' => '20161114021744_plst.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4731', 'article_category_id' => '1', 'title' => 'Construction 36 MW Balephi 'A' Hydropower Project Starts', 'sub_title' => '', 'summary' => 'November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed ', 'content' => '<p style="text-align: justify;">November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.</p> <p style="text-align: justify;">The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed through a consortium loan of five banks including Global IME, Sanima, Everest, SBI and NIDC Development Bank. The power house of the project which is being constructed at Golche and Gumba VDC of Sindhupalchok will be built at Golche.</p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4561', 'image' => '20161114125523_balephi_khola.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4730', 'article_category_id' => '1', 'title' => 'IPO to Float under Free Pricing Mechanism', 'sub_title' => '', 'summary' => 'November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).', 'content' => '<p style="text-align: justify;">November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).</p> <p style="text-align: justify;">Issuing a press statement on November 13, SEBON informed of scrapping the 'Securities Registration and Issue Regulations, 2065'. The new regulation particularly mentions of forming a mechanism under which international financial institution will be able to issue bond/debentures in local currency. Similarly, real organised sectors will be given opportunity to go public with minimum of 10 percent public offering. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4560', 'image' => '20161114124130_ipo.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4729', 'article_category_id' => '1', 'title' => 'Lions Motor Rally on November 17', 'sub_title' => '', 'summary' => 'November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).', 'content' => '<p style="text-align: justify;">November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).</p> <p style="text-align: justify;">The motor rally that is scheduled to start from Lainchaur Banquet at 11.00 hours, will reach Pokhara through touching various locations. The club is also organising Lions Multiple Festival 2016 at the same time in Pokhara. The club informs that the motor rally of this year is special, also due to the festival. The overall management of the rally is being done by Lion club of Kathmandu Rising sun affiliated with Lions Club International District 325 A1. The motor rally is officially sponsored by Gulf Lubricants. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4559', 'image' => '20161114111914_lions.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4743', 'article_category_id' => '1', 'title' => 'Internal Income of KMC Increases 22%', 'sub_title' => '', 'summary' => 'November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.', 'content' => '<p style="text-align: justify;">November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.</p> <p style="text-align: justify;">According to Kafle, the income stood at Rs 176.9 million during mid Sept/mid Oct of the last FY while it has totaled Rs 216.5 million in the review period of the current FY.</p> <p style="text-align: justify;">“The added responsibility of charging home and land tax along with design approval tax has contributed in the increased internal income of KMC,” Kafle said. Previously, these taxes were charged by Department of Building Construction Permit. As per him, KMC was assigned the responsibility of charging the taxes from the current FY.</p> <p style="text-align: justify;">Similarly, the KMC has also started to collect home and land due tax and waiver as well as land tax which also helped to boost its income. Increase in design approval charges is yet another reason for its growing income. According to KMC, it has provided 75 and 25 percent tax waiver to the houses which were totally and partially damaged by last year’s earthquake. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4573', 'image' => '20161115014344_kmc.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4742', 'article_category_id' => '1', 'title' => 'MAW Earthmovers Introduces ‘JCB Live Link’ in Nepal', 'sub_title' => '', 'summary' => 'November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so f', 'content' => '<p style="text-align: justify;">November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so far,” informed the company’s Chairman Vishnu Kumar Agarwal. “The system provides information on service, operation and security (SOS) of JCB machines.”</p> <p style="text-align: justify;">According to the company, JCB Livelink can be retrofitted in already operational JCB Backhoe Loaders as well. “One of the key benefits is the protection from theft as JCB Livelink allows machines to be tracked and located through its network if stolen,” reads the statement. “Livelink pinpoints a machine’s exact location and sends the information back to JCB’s secure data centre. It also allows customers and dealers to monitor machine hours, fuel economy, and usage data as well as receive health alerts.” As per the company, all of these features can be accessed through a simple web site or via a mobile phone through SMS alerts.</p> <p style="text-align: justify;">Speaking in a program, Agarwal said that the system will ease users to use their machines safely and effectively. MAW Earthmovers has been the authorised distributor of JCB in Nepal since 2003. The company has been selling various JCB products such as backhoe loaders, wheeled loading shovel, tracked excavator, vibratory compactor, skid steer loader and diesel gensets in Nepal. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4572', 'image' => '20161115123919_jcb.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4741', 'article_category_id' => '1', 'title' => 'NBI to Coordinate with MDI', 'sub_title' => '', 'summary' => 'November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed', 'content' => '<p>November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed the agreement on behalf their respective organisation. Issuing a press statement, the institute informed that the co-ordination between the two institutions will help in exchanging experiences in organising training, meeting and seminars as well as in studies, research and analysis. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4571', 'image' => '20161115123651_nbi.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4740', 'article_category_id' => '1', 'title' => 'Kumari Bank to issue 50% Right Share', 'sub_title' => '', 'summary' => 'November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing', 'content' => '<p style="text-align: justify;">November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing shareholders. Moreover, the SGM also approved the proposal of increasing its authorised, issued and paid-up capital by amending its article of association.</p> <p style="text-align: justify;">Presently, Kumari Bank is forwarding the process of acquiring Kasthamandap Development Bank, Pachimanchal Finance Company, Mahakali Bikash Bank And Kakrebihar Bikash Bank. The bank has already signed an agreement with the aforementioned banks regarding acquisition. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4570', 'image' => '20161115123304_kumari bank.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4739', 'article_category_id' => '1', 'title' => 'Trisuli Galchi Obtains License from DoED', 'sub_title' => '', 'summary' => 'November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing proce', 'content' => '<p style="text-align: justify;">November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing process. "The licensing process which used to take 6-7 months will now conclude in 2-2.5 months. It will help to forward any project without delay," said, Pooja Dahal Neupane, Executive Director of Siddhakali Power.</p> <p style="text-align: justify;">The essential documents and procedure of providing detail presentation is same. However, the licensing procedure has significantly shortened," she added. Siddhakali Power is developing 75MW Trisuli Galchi hydropower project. The project obtained the license on October 17 from the department. In this regard, it has become the first hydropower project to get license from the department after amendment of the previous licensing mechanism. The amended regulation has authorised the department of providing license to the projects under 100MW.</p> <p style="text-align: justify;">"The department however has not provided any license for project survey," said Babu Raj Adhikari, Senior Divisional Engineer of the department. "The department might provide licenses to 4/5 projects under 25MW capacity and to 1/2 projects above 50 MW within a week."</p> <p style="text-align: justify;">Adikari informed that a project might obtain a license within a week given that the project submits all essential documents at once. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4569', 'image' => '20161115122301_TRISULI GALCHI.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4738', 'article_category_id' => '1', 'title' => 'MoneyGram Distributes Prizes of Festive Scheme', 'sub_title' => '', 'summary' => 'November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.', 'content' => '<p style="text-align:justify">November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.</p> <p style="text-align:justify">Under the scheme, the company distributed 10 motorcycles, 10 refrigerators and 10 mobile phones to the winners. Julius, Senior Director of South Asian and JCC Countries of MoneyGram handed over the prizes to the winners with a promise of providing more services beyond the customer's expectation. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4568', 'image' => '20161115104207_moneygram.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4737', 'article_category_id' => '1', 'title' => 'NCC Bank's Loan Extension Increases 17%', 'sub_title' => '', 'summary' => 'November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.', 'content' => '<p style="text-align: justify;">November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased to Rs 170.4 million which is 27 percent growth compared to the same period of the last FY. The bank has recovered Rs 32.3 million bad debt of the last FY. The bank has non-performing loan of 0.96 percent during the review period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4567', 'image' => '20161114050413_ncc.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4736', 'article_category_id' => '1', 'title' => 'Everest Bank's Net Profit Increases 41%', 'sub_title' => '', 'summary' => 'November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.</p> <p style="text-align: justify;">The operating profit of the bank has increased by 42 percent to Rs 769.4 million in the first three months of the current FY. Similarly, the loan extension of the bank has increased by 35.47 percent to Rs 69.53 billion during the review period. The bank has been able to recover Rs 35.3 million bad debt of the last FY. The non-performing loan of the bank has reached 0.36 percent during the period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4566', 'image' => '20161114045114_everest bank.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4735', 'article_category_id' => '1', 'title' => 'BOKL Earns Net Profit of Rs 270 million', 'sub_title' => '', 'summary' => 'November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.', 'content' => '<p style="text-align: justify;">November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased by 55 percent to Rs 390.9 million compared to the corresponding period of the last FY. The bank has extended loan of Rs 61.47 billion in the first three months of the current FY which is 79 percent more than the same period of the last FY. Likewise, the bank has been able to recover Rs 33.8 million bad debt of the last FY. The bank's non-performing loan has reached 1.12 percent. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4565', 'image' => '20161114042715_BOKL.JPG', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4734', 'article_category_id' => '1', 'title' => 'NRB Unable to Implement Chip Base ATM Card System', 'sub_title' => '', 'summary' => 'November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card.', 'content' => '<p style="text-align:justify">November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards being used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card. </p> <p style="text-align:justify"><br /> NRB had announced of implementing considerably more secure chip based card in the budget speech of the last FY. However, the BFIs are not showing any interest on displacement of magnetic strip card even after cross the given deadline. NRB had provided one year period to the BFIs to displace the magnetic stripe card within mid-October 2015. </p> <p style="text-align:justify"><br /> NRB believes that the use of chip based card will help of control the duplication and fraud caused by magnetic stripe card. However, the bank mentioned that implementation of chip based card immediately is not possible. </p> <p style="text-align:justify"><br /> Meanwhile, Upendra Paudyal, President of Nepal Bankers Association points out that magnetic stripe card is not only the reason for the cause of ATM frauds. As per him, the confidential information is theft from ATM booth so additional supervision is necessary. <br /> </p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4564', 'image' => '20161114035354_atm.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4733', 'article_category_id' => '1', 'title' => 'FNCCI Urges Government to Facilitate Exchange of Abolished Notes', 'sub_title' => '', 'summary' => 'November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern t', 'content' => '<p style="text-align: justify;">November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.</p> <p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p> <p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4563', 'image' => '20161114031559_FNCCI.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4732', 'article_category_id' => '1', 'title' => '200 Plastic Industries Closed, 4000 employments lost', 'sub_title' => '', 'summary' => 'November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.', 'content' => '<p style="text-align: justify;">November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.</p> <p style="text-align: justify;">The plastic manufacturers claim that the government is trying to close the industries instead of stressing execution of the directive that has set standard of plastic. "The government's move has caused heavy losses to the entrepreneurs," said Sharma. The government's move has caused deterioration of domestic investment, however, raised import of foreign plastic product in the Nepali market. As per Sharma, more than 4000 workers lost direct employment due to the closure of plastic industries.</p> <p style="text-align: justify;">However, department of environment said that although the government has banned the production of below standard plastic bags, most of the plastic industries in and around the valley are still into operation. According to the department, it had restricted production, sales and distribution of plastic bags below 30 microns. </p> <p style="text-align: justify;">Recently, the government started inspection of the plastic industries that are producing plastic product below standard. It has also taken action against those industries who failed to recuperate as per the government's directive. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4562', 'image' => '20161114021744_plst.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4731', 'article_category_id' => '1', 'title' => 'Construction 36 MW Balephi 'A' Hydropower Project Starts', 'sub_title' => '', 'summary' => 'November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed ', 'content' => '<p style="text-align: justify;">November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.</p> <p style="text-align: justify;">The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed through a consortium loan of five banks including Global IME, Sanima, Everest, SBI and NIDC Development Bank. The power house of the project which is being constructed at Golche and Gumba VDC of Sindhupalchok will be built at Golche.</p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4561', 'image' => '20161114125523_balephi_khola.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4730', 'article_category_id' => '1', 'title' => 'IPO to Float under Free Pricing Mechanism', 'sub_title' => '', 'summary' => 'November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).', 'content' => '<p style="text-align: justify;">November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).</p> <p style="text-align: justify;">Issuing a press statement on November 13, SEBON informed of scrapping the 'Securities Registration and Issue Regulations, 2065'. The new regulation particularly mentions of forming a mechanism under which international financial institution will be able to issue bond/debentures in local currency. Similarly, real organised sectors will be given opportunity to go public with minimum of 10 percent public offering. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4560', 'image' => '20161114124130_ipo.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4729', 'article_category_id' => '1', 'title' => 'Lions Motor Rally on November 17', 'sub_title' => '', 'summary' => 'November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).', 'content' => '<p style="text-align: justify;">November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).</p> <p style="text-align: justify;">The motor rally that is scheduled to start from Lainchaur Banquet at 11.00 hours, will reach Pokhara through touching various locations. The club is also organising Lions Multiple Festival 2016 at the same time in Pokhara. The club informs that the motor rally of this year is special, also due to the festival. The overall management of the rally is being done by Lion club of Kathmandu Rising sun affiliated with Lions Club International District 325 A1. The motor rally is officially sponsored by Gulf Lubricants. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4559', 'image' => '20161114111914_lions.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4743', 'article_category_id' => '1', 'title' => 'Internal Income of KMC Increases 22%', 'sub_title' => '', 'summary' => 'November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.', 'content' => '<p style="text-align: justify;">November 15: The internal income of Kathmandu Metropolitan (KMC) has increased by 22 percent. The income increased after the metropolitan office levied taxes in all its services. According to Dhurba Kafle, Revenue Department Head of KMC, the income of a month, mid Sept/mid Oct, of the current FY has increased by 22 percent compare to the same period of the last FY.</p> <p style="text-align: justify;">According to Kafle, the income stood at Rs 176.9 million during mid Sept/mid Oct of the last FY while it has totaled Rs 216.5 million in the review period of the current FY.</p> <p style="text-align: justify;">“The added responsibility of charging home and land tax along with design approval tax has contributed in the increased internal income of KMC,” Kafle said. Previously, these taxes were charged by Department of Building Construction Permit. As per him, KMC was assigned the responsibility of charging the taxes from the current FY.</p> <p style="text-align: justify;">Similarly, the KMC has also started to collect home and land due tax and waiver as well as land tax which also helped to boost its income. Increase in design approval charges is yet another reason for its growing income. According to KMC, it has provided 75 and 25 percent tax waiver to the houses which were totally and partially damaged by last year’s earthquake. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4573', 'image' => '20161115014344_kmc.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4742', 'article_category_id' => '1', 'title' => 'MAW Earthmovers Introduces ‘JCB Live Link’ in Nepal', 'sub_title' => '', 'summary' => 'November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so f', 'content' => '<p style="text-align: justify;">November 15: MAW Earthmovers, the authorised distributor of JCB heavy machines for Nepal, has introduced ‘telematic system’ JCB Livelink in the Nepali market on November 14. Using the newly introduced system, users can remotely monitor and supervise their machines from distance. “JCB Livelink is an advanced telematics technology which has been designed to monitor machines and help JCB customers get the best possible value and performance out of their equipment,” says the MAW Earthmovers in a press statement. “JCB Livelink is the first telematics system launched in Nepal so far,” informed the company’s Chairman Vishnu Kumar Agarwal. “The system provides information on service, operation and security (SOS) of JCB machines.”</p> <p style="text-align: justify;">According to the company, JCB Livelink can be retrofitted in already operational JCB Backhoe Loaders as well. “One of the key benefits is the protection from theft as JCB Livelink allows machines to be tracked and located through its network if stolen,” reads the statement. “Livelink pinpoints a machine’s exact location and sends the information back to JCB’s secure data centre. It also allows customers and dealers to monitor machine hours, fuel economy, and usage data as well as receive health alerts.” As per the company, all of these features can be accessed through a simple web site or via a mobile phone through SMS alerts.</p> <p style="text-align: justify;">Speaking in a program, Agarwal said that the system will ease users to use their machines safely and effectively. MAW Earthmovers has been the authorised distributor of JCB in Nepal since 2003. The company has been selling various JCB products such as backhoe loaders, wheeled loading shovel, tracked excavator, vibratory compactor, skid steer loader and diesel gensets in Nepal. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4572', 'image' => '20161115123919_jcb.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4741', 'article_category_id' => '1', 'title' => 'NBI to Coordinate with MDI', 'sub_title' => '', 'summary' => 'November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed', 'content' => '<p>November 15: National banking institute (NBI) will now co-ordinate with Management Development Institute (MDI) of Gurgaon, India. Both institutions have signed a memorandum of understanding (MoU) regarding the alliance on Monday, November 14. Sanjeev Subba, Chief Executive Officer of NIB and Dr CP Shrimali, Director of MDI signed the agreement on behalf their respective organisation. Issuing a press statement, the institute informed that the co-ordination between the two institutions will help in exchanging experiences in organising training, meeting and seminars as well as in studies, research and analysis. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4571', 'image' => '20161115123651_nbi.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4740', 'article_category_id' => '1', 'title' => 'Kumari Bank to issue 50% Right Share', 'sub_title' => '', 'summary' => 'November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing', 'content' => '<p style="text-align: justify;">November 15: Kumari Bank is issuing 50 percent right shares to its existing shareholders. The special general meeting (SGM) held under chairmanship of Santosh Kumar Lama, Chairman of board of directors of the bank recently approved the proposal of issuing 50 percent right shares of the current paid-up capital to its existing shareholders. Moreover, the SGM also approved the proposal of increasing its authorised, issued and paid-up capital by amending its article of association.</p> <p style="text-align: justify;">Presently, Kumari Bank is forwarding the process of acquiring Kasthamandap Development Bank, Pachimanchal Finance Company, Mahakali Bikash Bank And Kakrebihar Bikash Bank. The bank has already signed an agreement with the aforementioned banks regarding acquisition. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4570', 'image' => '20161115123304_kumari bank.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4739', 'article_category_id' => '1', 'title' => 'Trisuli Galchi Obtains License from DoED', 'sub_title' => '', 'summary' => 'November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing proce', 'content' => '<p style="text-align: justify;">November 15: Hydropower projects under 100MW capacity can now obtain the license from Department of Electricity Development (DoED) under Ministry of Energy. Upon the initiation of the mechanism, hydropower promoters have expressed their contentment on shortening of the, previously, lengthy licensing process. "The licensing process which used to take 6-7 months will now conclude in 2-2.5 months. It will help to forward any project without delay," said, Pooja Dahal Neupane, Executive Director of Siddhakali Power.</p> <p style="text-align: justify;">The essential documents and procedure of providing detail presentation is same. However, the licensing procedure has significantly shortened," she added. Siddhakali Power is developing 75MW Trisuli Galchi hydropower project. The project obtained the license on October 17 from the department. In this regard, it has become the first hydropower project to get license from the department after amendment of the previous licensing mechanism. The amended regulation has authorised the department of providing license to the projects under 100MW.</p> <p style="text-align: justify;">"The department however has not provided any license for project survey," said Babu Raj Adhikari, Senior Divisional Engineer of the department. "The department might provide licenses to 4/5 projects under 25MW capacity and to 1/2 projects above 50 MW within a week."</p> <p style="text-align: justify;">Adikari informed that a project might obtain a license within a week given that the project submits all essential documents at once. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4569', 'image' => '20161115122301_TRISULI GALCHI.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4738', 'article_category_id' => '1', 'title' => 'MoneyGram Distributes Prizes of Festive Scheme', 'sub_title' => '', 'summary' => 'November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.', 'content' => '<p style="text-align:justify">November 15: MoneyGram money transfer has distributed the prizes to the winners of its scheme launched during the festive season.</p> <p style="text-align:justify">Under the scheme, the company distributed 10 motorcycles, 10 refrigerators and 10 mobile phones to the winners. Julius, Senior Director of South Asian and JCC Countries of MoneyGram handed over the prizes to the winners with a promise of providing more services beyond the customer's expectation. </p> ', 'published' => true, 'created' => '2016-11-15', 'modified' => '2016-11-15', 'keywords' => '', 'description' => '', 'sortorder' => '4568', 'image' => '20161115104207_moneygram.jpg', 'article_date' => '2016-11-15 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4737', 'article_category_id' => '1', 'title' => 'NCC Bank's Loan Extension Increases 17%', 'sub_title' => '', 'summary' => 'November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.', 'content' => '<p style="text-align: justify;">November 14: Nepal Credit and Commerce Bank's loan extension amount has reached Rs 25.34 billion in the first quarter of the current FY which is 17.23 growth than the corresponding period of the last FY. Meanwhile, the bank earned net profit of Rs 129 million.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased to Rs 170.4 million which is 27 percent growth compared to the same period of the last FY. The bank has recovered Rs 32.3 million bad debt of the last FY. The bank has non-performing loan of 0.96 percent during the review period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4567', 'image' => '20161114050413_ncc.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4736', 'article_category_id' => '1', 'title' => 'Everest Bank's Net Profit Increases 41%', 'sub_title' => '', 'summary' => 'November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">November 14: Everest bank has earned the net profit of Rs 513.4 million in the first quarter of current FY which is 41.16 percent growth than the corresponding period of the last FY.</p> <p style="text-align: justify;">The operating profit of the bank has increased by 42 percent to Rs 769.4 million in the first three months of the current FY. Similarly, the loan extension of the bank has increased by 35.47 percent to Rs 69.53 billion during the review period. The bank has been able to recover Rs 35.3 million bad debt of the last FY. The non-performing loan of the bank has reached 0.36 percent during the period. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4566', 'image' => '20161114045114_everest bank.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '4735', 'article_category_id' => '1', 'title' => 'BOKL Earns Net Profit of Rs 270 million', 'sub_title' => '', 'summary' => 'November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.', 'content' => '<p style="text-align: justify;">November 14: The net profit of Bank of Kathmandu Lumbini has reached Rs 270.9 million in the first quarter of the current FY. The net profit has increased by 60.57 percent compared to the first quarter of the last FY.</p> <p style="text-align: justify;">Similarly, the operating profit of the bank has increased by 55 percent to Rs 390.9 million compared to the corresponding period of the last FY. The bank has extended loan of Rs 61.47 billion in the first three months of the current FY which is 79 percent more than the same period of the last FY. Likewise, the bank has been able to recover Rs 33.8 million bad debt of the last FY. The bank's non-performing loan has reached 1.12 percent. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4565', 'image' => '20161114042715_BOKL.JPG', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4734', 'article_category_id' => '1', 'title' => 'NRB Unable to Implement Chip Base ATM Card System', 'sub_title' => '', 'summary' => 'November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card.', 'content' => '<p style="text-align:justify">November 14: The Nepal Rastra Bank's lack of rigidity on implementation of chip based ATM card has apparently triggered the ATM frauds of the recent days. Various kinds of cards being used by banks and financial institutions (BFIs) of Nepal including debit, credit and pre-paid are magnetic stripe card. </p> <p style="text-align:justify"><br /> NRB had announced of implementing considerably more secure chip based card in the budget speech of the last FY. However, the BFIs are not showing any interest on displacement of magnetic strip card even after cross the given deadline. NRB had provided one year period to the BFIs to displace the magnetic stripe card within mid-October 2015. </p> <p style="text-align:justify"><br /> NRB believes that the use of chip based card will help of control the duplication and fraud caused by magnetic stripe card. However, the bank mentioned that implementation of chip based card immediately is not possible. </p> <p style="text-align:justify"><br /> Meanwhile, Upendra Paudyal, President of Nepal Bankers Association points out that magnetic stripe card is not only the reason for the cause of ATM frauds. As per him, the confidential information is theft from ATM booth so additional supervision is necessary. <br /> </p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4564', 'image' => '20161114035354_atm.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4733', 'article_category_id' => '1', 'title' => 'FNCCI Urges Government to Facilitate Exchange of Abolished Notes', 'sub_title' => '', 'summary' => 'November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern t', 'content' => '<p style="text-align: justify;">November 14: Federation of Nepalese Chamber of Commerce (FNCCI) has requested the government to facilitate exchange of abolished Indian banknotes of INR 500 and INR 1000 to general public as well as traders resided at the border area. Issuing a press statement on November 13, the federation expressed its concern to the problem faced by traders and general public regarding exchange of banned Indian notes. The federation said that people are struggling to exchange the abolished banknotes leaving their day to day activities. Recently, the Indian Government banned INR 500 and INR 1000 notes that has caused confusion among Nepalis who have hold of these abolished notes. Nepali traders along with general public have hold of billions worth of these abolished banknotes which are now facing exchange problem.</p> <p style="text-align: justify;">Nepalis residing in border areas cross the border for various reasons including employment, trade and medical purposes. Thus, they keep holdings of Indian currency. However, the decision made by Indian government has caused problems among Nepalis and Nepali traders regarding exchange of these currencies.</p> <p style="text-align: justify;">According to federation, many people might lose their whole property if the notes are not exchanged. For this, the federation has urged Nepal Rastra bank and the government to initiate diplomatic talks with Indian government for the exchange of the abolished banknotes held by general public of Nepal. “We request to end this confusion faced by Nepali people in time”, reads the statement. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4563', 'image' => '20161114031559_FNCCI.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4732', 'article_category_id' => '1', 'title' => '200 Plastic Industries Closed, 4000 employments lost', 'sub_title' => '', 'summary' => 'November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.', 'content' => '<p style="text-align: justify;">November 14: The government's move of banning plastic production citing environmental issues has become the prime reason for the closure of nearly 200 plastic industries. Using the section 7 of Environment protection Act, 2053, the government had banned the production, import, storage and sales of plastic since April 14, 2015. According to Sarad Sharma, President of Nepal Plastic Manufacturers' Association, only 150 plastic industries are being operated after the closure of 200 industries.</p> <p style="text-align: justify;">The plastic manufacturers claim that the government is trying to close the industries instead of stressing execution of the directive that has set standard of plastic. "The government's move has caused heavy losses to the entrepreneurs," said Sharma. The government's move has caused deterioration of domestic investment, however, raised import of foreign plastic product in the Nepali market. As per Sharma, more than 4000 workers lost direct employment due to the closure of plastic industries.</p> <p style="text-align: justify;">However, department of environment said that although the government has banned the production of below standard plastic bags, most of the plastic industries in and around the valley are still into operation. According to the department, it had restricted production, sales and distribution of plastic bags below 30 microns. </p> <p style="text-align: justify;">Recently, the government started inspection of the plastic industries that are producing plastic product below standard. It has also taken action against those industries who failed to recuperate as per the government's directive. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4562', 'image' => '20161114021744_plst.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4731', 'article_category_id' => '1', 'title' => 'Construction 36 MW Balephi 'A' Hydropower Project Starts', 'sub_title' => '', 'summary' => 'November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed ', 'content' => '<p style="text-align: justify;">November 14: The construction of 36 MW Balephi 'A' hydropower project has started with a target to complete the construction by December 2018.</p> <p style="text-align: justify;">The project is being developed by Huwaning Development. The project's total cost is estimated to be Rs 6.08 billion cost of which Rs 4.35 billion will be financed through a consortium loan of five banks including Global IME, Sanima, Everest, SBI and NIDC Development Bank. The power house of the project which is being constructed at Golche and Gumba VDC of Sindhupalchok will be built at Golche.</p> <p> </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4561', 'image' => '20161114125523_balephi_khola.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4730', 'article_category_id' => '1', 'title' => 'IPO to Float under Free Pricing Mechanism', 'sub_title' => '', 'summary' => 'November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).', 'content' => '<p style="text-align: justify;">November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).</p> <p style="text-align: justify;">Issuing a press statement on November 13, SEBON informed of scrapping the 'Securities Registration and Issue Regulations, 2065'. The new regulation particularly mentions of forming a mechanism under which international financial institution will be able to issue bond/debentures in local currency. Similarly, real organised sectors will be given opportunity to go public with minimum of 10 percent public offering. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4560', 'image' => '20161114124130_ipo.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4729', 'article_category_id' => '1', 'title' => 'Lions Motor Rally on November 17', 'sub_title' => '', 'summary' => 'November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).', 'content' => '<p style="text-align: justify;">November 14: Lions Club International District 325 A1 is organising 'Lions Motor Rally' from Kathmandu to Pokhara on November 17. The Lions Club is organising the motor rally with the technical support of Nepal Automobiles Sport Association (NASA).</p> <p style="text-align: justify;">The motor rally that is scheduled to start from Lainchaur Banquet at 11.00 hours, will reach Pokhara through touching various locations. The club is also organising Lions Multiple Festival 2016 at the same time in Pokhara. The club informs that the motor rally of this year is special, also due to the festival. The overall management of the rally is being done by Lion club of Kathmandu Rising sun affiliated with Lions Club International District 325 A1. The motor rally is officially sponsored by Gulf Lubricants. </p> ', 'published' => true, 'created' => '2016-11-14', 'modified' => '2016-11-14', 'keywords' => '', 'description' => '', 'sortorder' => '4559', 'image' => '20161114111914_lions.jpg', 'article_date' => '2016-11-14 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
