Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '4622',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines' Colombo Trip Offer',
			'sub_title' => '',
			'summary' => 'October 21:  Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season. ',
			'content' => '<p style="text-align: justify;">October 21: &nbsp;Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season.&nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the Airlines informed that a group must include at least two people in order to participate in the offer. &nbsp;The Airlines is offering round trip base fare at Rs 35,152 (excluding tax) per person.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the statement, the offer is valid till December 31 and the customers need to purchase the tickets by October 30.&nbsp;<br />
&quot;We have launched the offer for those customers who want to spend quality time with their families in Colombo,&quot; said Bijay Shrestha, Vice President of the company.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4452',
			'image' => '20161021033919_himalaya airlines.jpg',
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		'Article' => array(
			'id' => '4621',
			'article_category_id' => '1',
			'title' => 'Arun Kabeli to issue IPO from October 25',
			'sub_title' => '',
			'summary' => 'October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds',
			'content' => '<p>October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds.&nbsp;</p>

<p><br />
According to the company, interested investors can apply for minimum of 50 units of shares and maximum of 15,000 units of shares with the face value of Rs 100 per share. The IPO issue will close early on October 28 and delayed on November 9. Presently, the company has paid-up capital of Rs 1.20 billion accumulated from promoter shareholders and investors from affected areas. After the issuance of IPO, the paid-up capital of the company will reach Rs 1.50 billion.&nbsp;</p>

<p><br />
The company has appointed Siddhartha Capital as its issue manager. Interested investors can apply from the offices of Arun Kabeli, share registrar and all branches of Siddhartha Bank.</p>

<p><br />
ICRA Nepal has granted grade 4 plus rating to the IPO indicating below average fundamentals. Most of the hydropower companies have been granted such rating. ICRA has considered rich experience of the promoters and management personnel of the company in the field of hydroelectricity projects development and operation as positive feature of the issuance. &nbsp;However physical progress of 25 percent achieved on the cost of 50 percent of total project cost till March 2016 has been considered unfavourable by the ICRA Nepal. ICRA has also mentioned that the grading also factors in the risk arising out of delay in construction of proposed 132 KVA transmission line by NEA which can potentially delay the COD of the project despite the completion of project in time.&nbsp;</p>

<p><br />
Arun Kabeli had finalised power purchase agreement (PPA) with NEA on 2012. According to the PPA, NEA will purchase electricity generated by the project at Rs 4.80 per unit in rainy season and at Rs 8.40 per unit in dry season.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4451',
			'image' => '20161021010505_arun kabeli.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4620',
			'article_category_id' => '1',
			'title' => 'Hamiknit’s Exhibition and Sales Fair',
			'sub_title' => '',
			'summary' => 'October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female. ',
			'content' => '<p>October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4450',
			'image' => '20161021114314_hamiknit.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4619',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank now in Mobile App',
			'sub_title' => '',
			'summary' => 'October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app 'Sidhhartha Bank Smart' will facilitate its customers an easy and secure banking.  ',
			'content' => '<p style="text-align:justify">October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app &#39;Siddhartha Bank Smart&#39; will facilitate its customers an easy and secure banking. &nbsp;</p>

<p style="text-align:justify"><br />
According to the company, both Android and IOS users can download the app. The customers can also get information regarding the insurance premium and pay the premium through the app. Moreover, they can also pay school fees through the app.&nbsp;</p>

<p style="text-align:justify"><br />
The bank informs that the customers can do inter-bank transactions between Fonepay member banks, send money from one branch to another and give direction to transfer money. &quot;The users can pay the bills of NTC, Ncell, ADSL, Dish Home and eSewa using the app,&quot; informs the bank.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4449',
			'image' => '20161021112010_siddhartha bank.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4618',
			'article_category_id' => '1',
			'title' => 'CG Launches 4K Smart TV ',
			'sub_title' => '',
			'summary' => 'October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market. ',
			'content' => '<p style="text-align:justify">October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market.&nbsp;</p>

<p style="text-align:justify"><br />
According to the company, 65 inches Smart TV having attractive looks features Android, Quad-core processor and the ultra clear panel. As per the company, it has various features such as App store, WiFi, web-browser and dolby sound.&nbsp;</p>

<p style="text-align:justify"><br />
Moreover, the company is also offering various attractive gift hampers and &lsquo;sure-shot&rsquo; prizes on the purchase of CG LED TV in this festive season. Likewise, it has launched &lsquo;grand cash back offer&rsquo; upto 20 percent on the purchase of 20-32 inches CG TVs.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4448',
			'image' => '20161021104252_cg tv.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4617',
			'article_category_id' => '1',
			'title' => 'Dang Becoming a Cement Hub',
			'sub_title' => 'Rs 41 Billion Invested in 7 Cement Industries ',
			'summary' => 'October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. ',
			'content' => '<p>October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. The number of cement industries in the district has reached seven at present. Out of them, Ghorahi (Sagarmatha) Cement located at Gogli and Sonapur Cement located at Dudhara have already started their production. Meanwhile, other cement factories are under construction.</p>

<p>As per the details submitted to the Ministry of Industry, the investment in the cement industry of Dang has totaled Rs 41 billion. The investment comprises of minimum of Rs one billion to a maximum of Rs 10 billion. Ghorahi Cement Industry and Sonapur Cement Industry are producing cement since the last two years. Similarly, the production facility of Samrat Cement is under construction in Deukhuri. The company plans to start production within the next few months.</p>

<p><img alt="" src="/userfiles/images/dd.jpg" style="height:342px; width:500px" /></p>

<p>Similarly, Subha Shree Agni Cement which has its infrastructure in Argakhnachi is readying to bring its products to the market. However, Rolpa Cement Indsutry which has its production bases in Dang and Rolpa is unable to start production due to electricity problem. Meanwhile, Dang Cement Industry and Araniko Abukhaireni Cement Industry have still not come into operations.</p>

<p>The operating industries are increasing their capacity as well. Started with an investment of Rs four billion, Sonapur Cement has now increased its investment to Rs 10 billion. The industry which used to produce 800 sacks of cement per day has increased its capacity to 20,000 sacks daily. According to the company, it has doubled the production of clinker as well.</p>

<p style="text-align:justify">Similarly, started with an investment of Rs six billion, Ghorahi Cement has increased its investment and production capacity. According to Amar Subedi, Public Relation Officer of the company, the production capacity has been increased to 22,000 sacks per day from 7,000 sacks earlier.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4447',
			'image' => null,
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4616',
			'article_category_id' => '1',
			'title' => 'Poudel Named 2nd Weekly Winner of City Express',
			'sub_title' => '',
			'summary' => 'October 20: Ashish Poudel has been announced as the second weekly winner of ‘City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos’ scheme of City Express Money Transfer. ',
			'content' => '<p style="text-align:justify">October 20: Ashish Poudel has been announced as the second weekly winner of &lsquo;City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos&rsquo; scheme of City Express Money Transfer. &nbsp;The company has been announcing winners of the prize scheme on a weekly basis which is being organised on the occasion of Dashain-Tihar and Chhath festivals. Poudel has received a 32 inches LED TV as the prize. He had sent money to his relatives from Qatar through City Express Money Transfer. According to the company, one lucky winner will get a land of four aanas in Kathmandu at the end of the scheme.&nbsp;</p>

<div>&nbsp;</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4446',
			'image' => '20161021105231_city express.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '4615',
			'article_category_id' => '1',
			'title' => 'XCMG Excavator Launched',
			'sub_title' => '',
			'summary' => 'October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.',
			'content' => '<p>October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.</p>

<p style="text-align:justify">According to Purshottam Subedi, Managing Director of IMDC, all buyers of the newly launched excavator will get a chance to explore the factory and along with a five nights six days trip to China for couple. He informs that the scheme will come into effect from November 15. As per the company, the excavator is priced at Rs 8.5 million in the local market. The company has opened a service center at Sano Thimi, Bhaktapur where the customers can get after sale services from Chinese specialist engineer.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4445',
			'image' => '20161021105652_exavetor.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '4614',
			'article_category_id' => '1',
			'title' => 'Kelvinator AC in the Market',
			'sub_title' => '',
			'summary' => 'October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. ',
			'content' => '<p>October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. The company which is the authorised distributor of Kelvinator appliances in Nepal has been distributing various home appliances of the brand including chest freezers, refrigerators, and washing machines.</p>

<p style="text-align:justify">According to the company, the newly introduced AC is available in 1.0 ton and 1.5 ton models. The company informs that the AC manufactured by American technology comes with features such as instant heat and turbo cool. Likewise, it has gold fin, anti-bacterial and silver ion filter, louvre step control and night glow button remote. The company says that that the Kelvinator AC consumes low electricity and is unique than ACs of other brands.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4444',
			'image' => '20161020125425_kelvinator.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4613',
			'article_category_id' => '1',
			'title' => 'Jet Airways Enhances Connectivity to SAARC and Gulf Countries',
			'sub_title' => '',
			'summary' => 'October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mum',
			'content' => '<p style="text-align:justify">October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mumbai and New Delhi respectively effective from October 30 as part of its new winter schedule. &nbsp;At the same time, it will also significantly strengthen its connectivity to the Gulf from Kerala, with daily flights to Dubai and Doha from Thiruvananthapuram, complementing the recently announced daily flight between Kozhikode and Sharjah.</p>

<p style="text-align:justify"><br />
According to the statement, the Airways will double its current capacity between Mumbai and Kathmandu. Similarly, the Airways will also augment the flight capacity between Kathmandu and New Delhi.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;The new Mumbai-Kathmandu service will depart Mumbai at 0815hrs and arrive in Kathmandu at 1110hrs (Local Time). The return flight will depart Kathmandu at 1210hrs (LT) and arrive in Mumbai at 1450hrs. Likewise, the new service to Kathmandu from New Delhi will depart at 1040hrs and arrive in Kathmandu at 1230hrs (LT). The return flight will depart Kathmandu at 1330hrs (LT) and arrive in New Delhi at 1505hrs,&quot; reads the statement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4443',
			'image' => '20161019042312_jet airways.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
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			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '4612',
			'article_category_id' => '1',
			'title' => ' Panchakanya Launches Steel Tanks in the Market',
			'sub_title' => '',
			'summary' => 'October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well. ',
			'content' => '<p style="text-align:justify">October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well.&nbsp;</p>

<p style="text-align:justify">According to the statement, the tanks have good resale value and can be easily exchanged in case of any manufacturing defect. &nbsp;The company claims that the rust resistant and mirror furnishing feature of the tanks will not allow the outside temperature to affect the water inside the tank. &nbsp;Moreover, the tank comes with a lock that will prevent any unnecessary particles entering the tank.</p>

<p style="text-align:justify">The company informs that the tanks can be used in pharmaceutical lab, hospital, brewery, distillery, dairy, industrial enterprises, food and beverages and also for households purposes. The tanks come with the capacity of 1000, 1500, 2000, 4000 and 5,000 liters.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4442',
			'image' => '20161019033500_panchkanya.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4611',
			'article_category_id' => '1',
			'title' => 'Uncertanity Looms Over FNCCI SGM',
			'sub_title' => '',
			'summary' => 'October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM. ',
			'content' => '<p style="text-align:justify">October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM.&nbsp;</p>

<p style="text-align:justify">The bench of Patan High Court Judge Bhim Kumar Ojha issued the interim order to keep the process of SGM &lsquo;as it is&rsquo; till Wednesday. The court also ordered the opponents of the writ to submit a written reply within 15 days.</p>

<p style="text-align:justify">Former Senior Vice-President of FNCCI Bhaskar Raj Karnikar and Executive Member Govinda Raj Ghimire filed the writ mentioning that the amendment of statute is not possible through the SGM.&nbsp; FNCCI, Executive Committee, President Pashupati Murarka, Deputy Director General Meena Shrestha and District Administration Office, Kathmandu were mentioned as opponents in the writ.&nbsp;</p>

<p style="text-align:justify">The petitioners argued that the Executive Committee has called out the SGM illegally ignoring the constitutional right and statute of FNCCI. Similarly, they also mentioned SGM as a conspiracy in order to automatically promote Senior Vice-President to President ignoring the open competition in the name of statute amendment. Senior advocate Shambhu Thapa along with advocates Tika Ram Bhattarai and Gopal Dutt Pandey argued on behalf of the writ petitioners.</p>

<p style="text-align:justify">The court has called both parties to understand the issue of writ petition on Wednesday.&nbsp; The court may issue order to stop or continue the SGM on Wednesday after hearing the arguments from both sides. If the SGM is stopped, the amendment of FNCCCI statute will be obstructed and the next general meeting will have to elect the president and the executive committee.</p>

<p style="text-align:justify">Meanwhile, if the statute gets amended, Vice-President Bhawani Rana will easily become the President of FNCCI and the race of Bhaskar Rajkarnikar for the post of President will end with the amendment.</p>

<p style="text-align:justify">The executive committee called the SGM to amend the statute in order to create the new structure of the organisation as per the federal model of the country and implement a system where the senior vice-president will automatically become the president. However, the writ petitioner Rajkarnikar argues that the statute amendment could be done only through the AGM of the organisation. &quot;The statute amendment process itself is invalid,&quot; he says, adding, &quot;The amendment attempts to serve the interest of a particular person.&quot;</p>

<p style="text-align:justify">President Pashupati Murarka, meanwhile, says that the amendment process is not being carried out in favour of a particular individual. However, former presidents and officials of FNCCI are divided over amendment of statute before the AGM.</p>

<p style="text-align:justify">Former presidents Mahesh Lal Pradhan, Suraj Vaidya, Anand Raj Mulmi and Binod Bahadur Shrestha have openly objected the statute amendment. Meanwhile, Kush Kumar Joshi has maintained his silence on the issue, whereas other former Presidents are in favour of the amendment.</p>

<p style="text-align:justify">The existing statute of the FNCCI was formulated on 1993. Later, the statute was amended on 2005 through a SGM. &quot;The amendment of 2005 has clearly established the mechanism for the amendment of the statute. It should be done through the AGM not SGM,&quot; he says.</p>

<p style="text-align:justify">Nonetheless, Murarka refutes the claims of Rajkarnikar. &ldquo;Some former presidents who are not able to get desired roles are objecting the process,&rdquo; he says. &quot;Amendment of statute is required in a bid to stop interests of individuals and group politics in the FNCCI.&rdquo;</p>

<p style="text-align:justify">&nbsp;The opposing side has been blaming that amendment is being carried out just to stop Rajkarnikar from becoming the President.</p>

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

<p style="text-align:justify">&nbsp;</p>
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			'keywords' => '',
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			'sortorder' => '4441',
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			'id' => '4610',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On th',
			'content' => '<p style="text-align: justify;">October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On the occasion, the bank organised clean-up program at the premises of Bindabasini Temple, Pokhara along with blood donation program. A total of 51 units of blood were collected from the blood donation program. Previously, the bank had also donated Rs 1.5 million in order to construct building for the operation of ambulance services. &nbsp;</p>

<p style="text-align: justify;"><br />
Moreover, Om Development Bank has recently finalised principle agreement with Manaslu Development Bank for merger. After distribution of bonus shares of both financial institutions and merger, the combined paid-up capital of the merged entity will reach Rs 1.68 billion. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4440',
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		'Article' => array(
			'id' => '4609',
			'article_category_id' => '1',
			'title' => 'Him Electronics Hands Over Samsung SUHD TV to First Pre-Booker ',
			'sub_title' => '',
			'summary' => 'October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time. ',
			'content' => '<p style="text-align: justify;">October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time.&nbsp;</p>

<p style="text-align: justify;"><br />
The SUHD TV was handed over to Shah by Seema Golchha, Director of Him Electronics in a special ceremony organized at Samsung Digital Plaza, Durbarmarg. Shah pre-booked the 55 inch SUHD TV between July 14 and September 15 and received a Samsung Galaxy S7 and Samsung Gear VR (Worth of Rs 88,900) as a gift for pre- booking of Samsung SUHD TV.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4439',
			'image' => '20161019110001_sust.jpg',
			'article_date' => '2016-10-19 00:00:00',
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		'Article' => array(
			'id' => '4608',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Reliable Devt Bank to issue Right Shares ',
			'sub_title' => '',
			'summary' => 'October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank. ',
			'content' => '<p>October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank.&nbsp;</p>

<p><br />
Earlier, the 10th annual general meeting of Reliable Development bank had decided to issue 1:1 right shares to its existing shareholders. However, the bank has signed a memorandum of understanding (MoU) with Global IME Bank to be acquired without issuing right shares to its existing shareholders. SEBON, being a regulator of the market, has taken a keen interest on the subject matter and has directed the Reliable Devt to issue right shares prior to the acquisition.</p>

<p><br />
According to the SEBON, the decision taken by the AGM on issuance of right shares was price sensitive. Thus, failure to implement the decision will be against the investors&#39; interest.&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '4438',
			'image' => '20161018015610_sebon.JPG',
			'article_date' => '2016-10-18 00:00:00',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '4622',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines' Colombo Trip Offer',
			'sub_title' => '',
			'summary' => 'October 21:  Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season. ',
			'content' => '<p style="text-align: justify;">October 21: &nbsp;Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season.&nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the Airlines informed that a group must include at least two people in order to participate in the offer. &nbsp;The Airlines is offering round trip base fare at Rs 35,152 (excluding tax) per person.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the statement, the offer is valid till December 31 and the customers need to purchase the tickets by October 30.&nbsp;<br />
&quot;We have launched the offer for those customers who want to spend quality time with their families in Colombo,&quot; said Bijay Shrestha, Vice President of the company.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4452',
			'image' => '20161021033919_himalaya airlines.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4621',
			'article_category_id' => '1',
			'title' => 'Arun Kabeli to issue IPO from October 25',
			'sub_title' => '',
			'summary' => 'October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds',
			'content' => '<p>October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds.&nbsp;</p>

<p><br />
According to the company, interested investors can apply for minimum of 50 units of shares and maximum of 15,000 units of shares with the face value of Rs 100 per share. The IPO issue will close early on October 28 and delayed on November 9. Presently, the company has paid-up capital of Rs 1.20 billion accumulated from promoter shareholders and investors from affected areas. After the issuance of IPO, the paid-up capital of the company will reach Rs 1.50 billion.&nbsp;</p>

<p><br />
The company has appointed Siddhartha Capital as its issue manager. Interested investors can apply from the offices of Arun Kabeli, share registrar and all branches of Siddhartha Bank.</p>

<p><br />
ICRA Nepal has granted grade 4 plus rating to the IPO indicating below average fundamentals. Most of the hydropower companies have been granted such rating. ICRA has considered rich experience of the promoters and management personnel of the company in the field of hydroelectricity projects development and operation as positive feature of the issuance. &nbsp;However physical progress of 25 percent achieved on the cost of 50 percent of total project cost till March 2016 has been considered unfavourable by the ICRA Nepal. ICRA has also mentioned that the grading also factors in the risk arising out of delay in construction of proposed 132 KVA transmission line by NEA which can potentially delay the COD of the project despite the completion of project in time.&nbsp;</p>

<p><br />
Arun Kabeli had finalised power purchase agreement (PPA) with NEA on 2012. According to the PPA, NEA will purchase electricity generated by the project at Rs 4.80 per unit in rainy season and at Rs 8.40 per unit in dry season.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4451',
			'image' => '20161021010505_arun kabeli.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4620',
			'article_category_id' => '1',
			'title' => 'Hamiknit’s Exhibition and Sales Fair',
			'sub_title' => '',
			'summary' => 'October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female. ',
			'content' => '<p>October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4450',
			'image' => '20161021114314_hamiknit.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '4619',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank now in Mobile App',
			'sub_title' => '',
			'summary' => 'October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app 'Sidhhartha Bank Smart' will facilitate its customers an easy and secure banking.  ',
			'content' => '<p style="text-align:justify">October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app &#39;Siddhartha Bank Smart&#39; will facilitate its customers an easy and secure banking. &nbsp;</p>

<p style="text-align:justify"><br />
According to the company, both Android and IOS users can download the app. The customers can also get information regarding the insurance premium and pay the premium through the app. Moreover, they can also pay school fees through the app.&nbsp;</p>

<p style="text-align:justify"><br />
The bank informs that the customers can do inter-bank transactions between Fonepay member banks, send money from one branch to another and give direction to transfer money. &quot;The users can pay the bills of NTC, Ncell, ADSL, Dish Home and eSewa using the app,&quot; informs the bank.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4449',
			'image' => '20161021112010_siddhartha bank.jpg',
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		'Article' => array(
			'id' => '4618',
			'article_category_id' => '1',
			'title' => 'CG Launches 4K Smart TV ',
			'sub_title' => '',
			'summary' => 'October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market. ',
			'content' => '<p style="text-align:justify">October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market.&nbsp;</p>

<p style="text-align:justify"><br />
According to the company, 65 inches Smart TV having attractive looks features Android, Quad-core processor and the ultra clear panel. As per the company, it has various features such as App store, WiFi, web-browser and dolby sound.&nbsp;</p>

<p style="text-align:justify"><br />
Moreover, the company is also offering various attractive gift hampers and &lsquo;sure-shot&rsquo; prizes on the purchase of CG LED TV in this festive season. Likewise, it has launched &lsquo;grand cash back offer&rsquo; upto 20 percent on the purchase of 20-32 inches CG TVs.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4448',
			'image' => '20161021104252_cg tv.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4617',
			'article_category_id' => '1',
			'title' => 'Dang Becoming a Cement Hub',
			'sub_title' => 'Rs 41 Billion Invested in 7 Cement Industries ',
			'summary' => 'October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. ',
			'content' => '<p>October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. The number of cement industries in the district has reached seven at present. Out of them, Ghorahi (Sagarmatha) Cement located at Gogli and Sonapur Cement located at Dudhara have already started their production. Meanwhile, other cement factories are under construction.</p>

<p>As per the details submitted to the Ministry of Industry, the investment in the cement industry of Dang has totaled Rs 41 billion. The investment comprises of minimum of Rs one billion to a maximum of Rs 10 billion. Ghorahi Cement Industry and Sonapur Cement Industry are producing cement since the last two years. Similarly, the production facility of Samrat Cement is under construction in Deukhuri. The company plans to start production within the next few months.</p>

<p><img alt="" src="/userfiles/images/dd.jpg" style="height:342px; width:500px" /></p>

<p>Similarly, Subha Shree Agni Cement which has its infrastructure in Argakhnachi is readying to bring its products to the market. However, Rolpa Cement Indsutry which has its production bases in Dang and Rolpa is unable to start production due to electricity problem. Meanwhile, Dang Cement Industry and Araniko Abukhaireni Cement Industry have still not come into operations.</p>

<p>The operating industries are increasing their capacity as well. Started with an investment of Rs four billion, Sonapur Cement has now increased its investment to Rs 10 billion. The industry which used to produce 800 sacks of cement per day has increased its capacity to 20,000 sacks daily. According to the company, it has doubled the production of clinker as well.</p>

<p style="text-align:justify">Similarly, started with an investment of Rs six billion, Ghorahi Cement has increased its investment and production capacity. According to Amar Subedi, Public Relation Officer of the company, the production capacity has been increased to 22,000 sacks per day from 7,000 sacks earlier.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4447',
			'image' => null,
			'article_date' => '2016-10-20 00:00:00',
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			'id' => '4616',
			'article_category_id' => '1',
			'title' => 'Poudel Named 2nd Weekly Winner of City Express',
			'sub_title' => '',
			'summary' => 'October 20: Ashish Poudel has been announced as the second weekly winner of ‘City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos’ scheme of City Express Money Transfer. ',
			'content' => '<p style="text-align:justify">October 20: Ashish Poudel has been announced as the second weekly winner of &lsquo;City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos&rsquo; scheme of City Express Money Transfer. &nbsp;The company has been announcing winners of the prize scheme on a weekly basis which is being organised on the occasion of Dashain-Tihar and Chhath festivals. Poudel has received a 32 inches LED TV as the prize. He had sent money to his relatives from Qatar through City Express Money Transfer. According to the company, one lucky winner will get a land of four aanas in Kathmandu at the end of the scheme.&nbsp;</p>

<div>&nbsp;</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4446',
			'image' => '20161021105231_city express.jpg',
			'article_date' => '2016-10-20 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '4615',
			'article_category_id' => '1',
			'title' => 'XCMG Excavator Launched',
			'sub_title' => '',
			'summary' => 'October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.',
			'content' => '<p>October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.</p>

<p style="text-align:justify">According to Purshottam Subedi, Managing Director of IMDC, all buyers of the newly launched excavator will get a chance to explore the factory and along with a five nights six days trip to China for couple. He informs that the scheme will come into effect from November 15. As per the company, the excavator is priced at Rs 8.5 million in the local market. The company has opened a service center at Sano Thimi, Bhaktapur where the customers can get after sale services from Chinese specialist engineer.&nbsp;</p>
',
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			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4445',
			'image' => '20161021105652_exavetor.jpg',
			'article_date' => '2016-10-20 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '4614',
			'article_category_id' => '1',
			'title' => 'Kelvinator AC in the Market',
			'sub_title' => '',
			'summary' => 'October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. ',
			'content' => '<p>October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. The company which is the authorised distributor of Kelvinator appliances in Nepal has been distributing various home appliances of the brand including chest freezers, refrigerators, and washing machines.</p>

<p style="text-align:justify">According to the company, the newly introduced AC is available in 1.0 ton and 1.5 ton models. The company informs that the AC manufactured by American technology comes with features such as instant heat and turbo cool. Likewise, it has gold fin, anti-bacterial and silver ion filter, louvre step control and night glow button remote. The company says that that the Kelvinator AC consumes low electricity and is unique than ACs of other brands.&nbsp;</p>
',
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			'created' => '2016-10-20',
			'modified' => '2016-10-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4444',
			'image' => '20161020125425_kelvinator.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4613',
			'article_category_id' => '1',
			'title' => 'Jet Airways Enhances Connectivity to SAARC and Gulf Countries',
			'sub_title' => '',
			'summary' => 'October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mum',
			'content' => '<p style="text-align:justify">October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mumbai and New Delhi respectively effective from October 30 as part of its new winter schedule. &nbsp;At the same time, it will also significantly strengthen its connectivity to the Gulf from Kerala, with daily flights to Dubai and Doha from Thiruvananthapuram, complementing the recently announced daily flight between Kozhikode and Sharjah.</p>

<p style="text-align:justify"><br />
According to the statement, the Airways will double its current capacity between Mumbai and Kathmandu. Similarly, the Airways will also augment the flight capacity between Kathmandu and New Delhi.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;The new Mumbai-Kathmandu service will depart Mumbai at 0815hrs and arrive in Kathmandu at 1110hrs (Local Time). The return flight will depart Kathmandu at 1210hrs (LT) and arrive in Mumbai at 1450hrs. Likewise, the new service to Kathmandu from New Delhi will depart at 1040hrs and arrive in Kathmandu at 1230hrs (LT). The return flight will depart Kathmandu at 1330hrs (LT) and arrive in New Delhi at 1505hrs,&quot; reads the statement.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4443',
			'image' => '20161019042312_jet airways.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '4612',
			'article_category_id' => '1',
			'title' => ' Panchakanya Launches Steel Tanks in the Market',
			'sub_title' => '',
			'summary' => 'October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well. ',
			'content' => '<p style="text-align:justify">October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well.&nbsp;</p>

<p style="text-align:justify">According to the statement, the tanks have good resale value and can be easily exchanged in case of any manufacturing defect. &nbsp;The company claims that the rust resistant and mirror furnishing feature of the tanks will not allow the outside temperature to affect the water inside the tank. &nbsp;Moreover, the tank comes with a lock that will prevent any unnecessary particles entering the tank.</p>

<p style="text-align:justify">The company informs that the tanks can be used in pharmaceutical lab, hospital, brewery, distillery, dairy, industrial enterprises, food and beverages and also for households purposes. The tanks come with the capacity of 1000, 1500, 2000, 4000 and 5,000 liters.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4442',
			'image' => '20161019033500_panchkanya.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4611',
			'article_category_id' => '1',
			'title' => 'Uncertanity Looms Over FNCCI SGM',
			'sub_title' => '',
			'summary' => 'October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM. ',
			'content' => '<p style="text-align:justify">October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM.&nbsp;</p>

<p style="text-align:justify">The bench of Patan High Court Judge Bhim Kumar Ojha issued the interim order to keep the process of SGM &lsquo;as it is&rsquo; till Wednesday. The court also ordered the opponents of the writ to submit a written reply within 15 days.</p>

<p style="text-align:justify">Former Senior Vice-President of FNCCI Bhaskar Raj Karnikar and Executive Member Govinda Raj Ghimire filed the writ mentioning that the amendment of statute is not possible through the SGM.&nbsp; FNCCI, Executive Committee, President Pashupati Murarka, Deputy Director General Meena Shrestha and District Administration Office, Kathmandu were mentioned as opponents in the writ.&nbsp;</p>

<p style="text-align:justify">The petitioners argued that the Executive Committee has called out the SGM illegally ignoring the constitutional right and statute of FNCCI. Similarly, they also mentioned SGM as a conspiracy in order to automatically promote Senior Vice-President to President ignoring the open competition in the name of statute amendment. Senior advocate Shambhu Thapa along with advocates Tika Ram Bhattarai and Gopal Dutt Pandey argued on behalf of the writ petitioners.</p>

<p style="text-align:justify">The court has called both parties to understand the issue of writ petition on Wednesday.&nbsp; The court may issue order to stop or continue the SGM on Wednesday after hearing the arguments from both sides. If the SGM is stopped, the amendment of FNCCCI statute will be obstructed and the next general meeting will have to elect the president and the executive committee.</p>

<p style="text-align:justify">Meanwhile, if the statute gets amended, Vice-President Bhawani Rana will easily become the President of FNCCI and the race of Bhaskar Rajkarnikar for the post of President will end with the amendment.</p>

<p style="text-align:justify">The executive committee called the SGM to amend the statute in order to create the new structure of the organisation as per the federal model of the country and implement a system where the senior vice-president will automatically become the president. However, the writ petitioner Rajkarnikar argues that the statute amendment could be done only through the AGM of the organisation. &quot;The statute amendment process itself is invalid,&quot; he says, adding, &quot;The amendment attempts to serve the interest of a particular person.&quot;</p>

<p style="text-align:justify">President Pashupati Murarka, meanwhile, says that the amendment process is not being carried out in favour of a particular individual. However, former presidents and officials of FNCCI are divided over amendment of statute before the AGM.</p>

<p style="text-align:justify">Former presidents Mahesh Lal Pradhan, Suraj Vaidya, Anand Raj Mulmi and Binod Bahadur Shrestha have openly objected the statute amendment. Meanwhile, Kush Kumar Joshi has maintained his silence on the issue, whereas other former Presidents are in favour of the amendment.</p>

<p style="text-align:justify">The existing statute of the FNCCI was formulated on 1993. Later, the statute was amended on 2005 through a SGM. &quot;The amendment of 2005 has clearly established the mechanism for the amendment of the statute. It should be done through the AGM not SGM,&quot; he says.</p>

<p style="text-align:justify">Nonetheless, Murarka refutes the claims of Rajkarnikar. &ldquo;Some former presidents who are not able to get desired roles are objecting the process,&rdquo; he says. &quot;Amendment of statute is required in a bid to stop interests of individuals and group politics in the FNCCI.&rdquo;</p>

<p style="text-align:justify">&nbsp;The opposing side has been blaming that amendment is being carried out just to stop Rajkarnikar from becoming the President.</p>

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

<p style="text-align:justify">&nbsp;</p>
',
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			'modified' => '2016-10-20',
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			'sortorder' => '4441',
			'image' => '20161019030522_FNCCI.jpg',
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	(int) 12 => array(
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			'id' => '4610',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On th',
			'content' => '<p style="text-align: justify;">October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On the occasion, the bank organised clean-up program at the premises of Bindabasini Temple, Pokhara along with blood donation program. A total of 51 units of blood were collected from the blood donation program. Previously, the bank had also donated Rs 1.5 million in order to construct building for the operation of ambulance services. &nbsp;</p>

<p style="text-align: justify;"><br />
Moreover, Om Development Bank has recently finalised principle agreement with Manaslu Development Bank for merger. After distribution of bonus shares of both financial institutions and merger, the combined paid-up capital of the merged entity will reach Rs 1.68 billion. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4440',
			'image' => '20161019112321_om.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '4609',
			'article_category_id' => '1',
			'title' => 'Him Electronics Hands Over Samsung SUHD TV to First Pre-Booker ',
			'sub_title' => '',
			'summary' => 'October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time. ',
			'content' => '<p style="text-align: justify;">October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time.&nbsp;</p>

<p style="text-align: justify;"><br />
The SUHD TV was handed over to Shah by Seema Golchha, Director of Him Electronics in a special ceremony organized at Samsung Digital Plaza, Durbarmarg. Shah pre-booked the 55 inch SUHD TV between July 14 and September 15 and received a Samsung Galaxy S7 and Samsung Gear VR (Worth of Rs 88,900) as a gift for pre- booking of Samsung SUHD TV.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4439',
			'image' => '20161019110001_sust.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4608',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Reliable Devt Bank to issue Right Shares ',
			'sub_title' => '',
			'summary' => 'October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank. ',
			'content' => '<p>October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank.&nbsp;</p>

<p><br />
Earlier, the 10th annual general meeting of Reliable Development bank had decided to issue 1:1 right shares to its existing shareholders. However, the bank has signed a memorandum of understanding (MoU) with Global IME Bank to be acquired without issuing right shares to its existing shareholders. SEBON, being a regulator of the market, has taken a keen interest on the subject matter and has directed the Reliable Devt to issue right shares prior to the acquisition.</p>

<p><br />
According to the SEBON, the decision taken by the AGM on issuance of right shares was price sensitive. Thus, failure to implement the decision will be against the investors&#39; interest.&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4438',
			'image' => '20161018015610_sebon.JPG',
			'article_date' => '2016-10-18 00:00:00',
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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
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '4622',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines' Colombo Trip Offer',
			'sub_title' => '',
			'summary' => 'October 21:  Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season. ',
			'content' => '<p style="text-align: justify;">October 21: &nbsp;Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season.&nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the Airlines informed that a group must include at least two people in order to participate in the offer. &nbsp;The Airlines is offering round trip base fare at Rs 35,152 (excluding tax) per person.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the statement, the offer is valid till December 31 and the customers need to purchase the tickets by October 30.&nbsp;<br />
&quot;We have launched the offer for those customers who want to spend quality time with their families in Colombo,&quot; said Bijay Shrestha, Vice President of the company.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4452',
			'image' => '20161021033919_himalaya airlines.jpg',
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			'id' => '4621',
			'article_category_id' => '1',
			'title' => 'Arun Kabeli to issue IPO from October 25',
			'sub_title' => '',
			'summary' => 'October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds',
			'content' => '<p>October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds.&nbsp;</p>

<p><br />
According to the company, interested investors can apply for minimum of 50 units of shares and maximum of 15,000 units of shares with the face value of Rs 100 per share. The IPO issue will close early on October 28 and delayed on November 9. Presently, the company has paid-up capital of Rs 1.20 billion accumulated from promoter shareholders and investors from affected areas. After the issuance of IPO, the paid-up capital of the company will reach Rs 1.50 billion.&nbsp;</p>

<p><br />
The company has appointed Siddhartha Capital as its issue manager. Interested investors can apply from the offices of Arun Kabeli, share registrar and all branches of Siddhartha Bank.</p>

<p><br />
ICRA Nepal has granted grade 4 plus rating to the IPO indicating below average fundamentals. Most of the hydropower companies have been granted such rating. ICRA has considered rich experience of the promoters and management personnel of the company in the field of hydroelectricity projects development and operation as positive feature of the issuance. &nbsp;However physical progress of 25 percent achieved on the cost of 50 percent of total project cost till March 2016 has been considered unfavourable by the ICRA Nepal. ICRA has also mentioned that the grading also factors in the risk arising out of delay in construction of proposed 132 KVA transmission line by NEA which can potentially delay the COD of the project despite the completion of project in time.&nbsp;</p>

<p><br />
Arun Kabeli had finalised power purchase agreement (PPA) with NEA on 2012. According to the PPA, NEA will purchase electricity generated by the project at Rs 4.80 per unit in rainy season and at Rs 8.40 per unit in dry season.&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4451',
			'image' => '20161021010505_arun kabeli.jpg',
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			'id' => '4620',
			'article_category_id' => '1',
			'title' => 'Hamiknit’s Exhibition and Sales Fair',
			'sub_title' => '',
			'summary' => 'October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female. ',
			'content' => '<p>October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female.&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '4450',
			'image' => '20161021114314_hamiknit.jpg',
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			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4619',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank now in Mobile App',
			'sub_title' => '',
			'summary' => 'October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app 'Sidhhartha Bank Smart' will facilitate its customers an easy and secure banking.  ',
			'content' => '<p style="text-align:justify">October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app &#39;Siddhartha Bank Smart&#39; will facilitate its customers an easy and secure banking. &nbsp;</p>

<p style="text-align:justify"><br />
According to the company, both Android and IOS users can download the app. The customers can also get information regarding the insurance premium and pay the premium through the app. Moreover, they can also pay school fees through the app.&nbsp;</p>

<p style="text-align:justify"><br />
The bank informs that the customers can do inter-bank transactions between Fonepay member banks, send money from one branch to another and give direction to transfer money. &quot;The users can pay the bills of NTC, Ncell, ADSL, Dish Home and eSewa using the app,&quot; informs the bank.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4449',
			'image' => '20161021112010_siddhartha bank.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4618',
			'article_category_id' => '1',
			'title' => 'CG Launches 4K Smart TV ',
			'sub_title' => '',
			'summary' => 'October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market. ',
			'content' => '<p style="text-align:justify">October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market.&nbsp;</p>

<p style="text-align:justify"><br />
According to the company, 65 inches Smart TV having attractive looks features Android, Quad-core processor and the ultra clear panel. As per the company, it has various features such as App store, WiFi, web-browser and dolby sound.&nbsp;</p>

<p style="text-align:justify"><br />
Moreover, the company is also offering various attractive gift hampers and &lsquo;sure-shot&rsquo; prizes on the purchase of CG LED TV in this festive season. Likewise, it has launched &lsquo;grand cash back offer&rsquo; upto 20 percent on the purchase of 20-32 inches CG TVs.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4448',
			'image' => '20161021104252_cg tv.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4617',
			'article_category_id' => '1',
			'title' => 'Dang Becoming a Cement Hub',
			'sub_title' => 'Rs 41 Billion Invested in 7 Cement Industries ',
			'summary' => 'October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. ',
			'content' => '<p>October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. The number of cement industries in the district has reached seven at present. Out of them, Ghorahi (Sagarmatha) Cement located at Gogli and Sonapur Cement located at Dudhara have already started their production. Meanwhile, other cement factories are under construction.</p>

<p>As per the details submitted to the Ministry of Industry, the investment in the cement industry of Dang has totaled Rs 41 billion. The investment comprises of minimum of Rs one billion to a maximum of Rs 10 billion. Ghorahi Cement Industry and Sonapur Cement Industry are producing cement since the last two years. Similarly, the production facility of Samrat Cement is under construction in Deukhuri. The company plans to start production within the next few months.</p>

<p><img alt="" src="/userfiles/images/dd.jpg" style="height:342px; width:500px" /></p>

<p>Similarly, Subha Shree Agni Cement which has its infrastructure in Argakhnachi is readying to bring its products to the market. However, Rolpa Cement Indsutry which has its production bases in Dang and Rolpa is unable to start production due to electricity problem. Meanwhile, Dang Cement Industry and Araniko Abukhaireni Cement Industry have still not come into operations.</p>

<p>The operating industries are increasing their capacity as well. Started with an investment of Rs four billion, Sonapur Cement has now increased its investment to Rs 10 billion. The industry which used to produce 800 sacks of cement per day has increased its capacity to 20,000 sacks daily. According to the company, it has doubled the production of clinker as well.</p>

<p style="text-align:justify">Similarly, started with an investment of Rs six billion, Ghorahi Cement has increased its investment and production capacity. According to Amar Subedi, Public Relation Officer of the company, the production capacity has been increased to 22,000 sacks per day from 7,000 sacks earlier.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4447',
			'image' => null,
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4616',
			'article_category_id' => '1',
			'title' => 'Poudel Named 2nd Weekly Winner of City Express',
			'sub_title' => '',
			'summary' => 'October 20: Ashish Poudel has been announced as the second weekly winner of ‘City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos’ scheme of City Express Money Transfer. ',
			'content' => '<p style="text-align:justify">October 20: Ashish Poudel has been announced as the second weekly winner of &lsquo;City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos&rsquo; scheme of City Express Money Transfer. &nbsp;The company has been announcing winners of the prize scheme on a weekly basis which is being organised on the occasion of Dashain-Tihar and Chhath festivals. Poudel has received a 32 inches LED TV as the prize. He had sent money to his relatives from Qatar through City Express Money Transfer. According to the company, one lucky winner will get a land of four aanas in Kathmandu at the end of the scheme.&nbsp;</p>

<div>&nbsp;</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4446',
			'image' => '20161021105231_city express.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4615',
			'article_category_id' => '1',
			'title' => 'XCMG Excavator Launched',
			'sub_title' => '',
			'summary' => 'October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.',
			'content' => '<p>October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.</p>

<p style="text-align:justify">According to Purshottam Subedi, Managing Director of IMDC, all buyers of the newly launched excavator will get a chance to explore the factory and along with a five nights six days trip to China for couple. He informs that the scheme will come into effect from November 15. As per the company, the excavator is priced at Rs 8.5 million in the local market. The company has opened a service center at Sano Thimi, Bhaktapur where the customers can get after sale services from Chinese specialist engineer.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4445',
			'image' => '20161021105652_exavetor.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4614',
			'article_category_id' => '1',
			'title' => 'Kelvinator AC in the Market',
			'sub_title' => '',
			'summary' => 'October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. ',
			'content' => '<p>October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. The company which is the authorised distributor of Kelvinator appliances in Nepal has been distributing various home appliances of the brand including chest freezers, refrigerators, and washing machines.</p>

<p style="text-align:justify">According to the company, the newly introduced AC is available in 1.0 ton and 1.5 ton models. The company informs that the AC manufactured by American technology comes with features such as instant heat and turbo cool. Likewise, it has gold fin, anti-bacterial and silver ion filter, louvre step control and night glow button remote. The company says that that the Kelvinator AC consumes low electricity and is unique than ACs of other brands.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4444',
			'image' => '20161020125425_kelvinator.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4613',
			'article_category_id' => '1',
			'title' => 'Jet Airways Enhances Connectivity to SAARC and Gulf Countries',
			'sub_title' => '',
			'summary' => 'October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mum',
			'content' => '<p style="text-align:justify">October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mumbai and New Delhi respectively effective from October 30 as part of its new winter schedule. &nbsp;At the same time, it will also significantly strengthen its connectivity to the Gulf from Kerala, with daily flights to Dubai and Doha from Thiruvananthapuram, complementing the recently announced daily flight between Kozhikode and Sharjah.</p>

<p style="text-align:justify"><br />
According to the statement, the Airways will double its current capacity between Mumbai and Kathmandu. Similarly, the Airways will also augment the flight capacity between Kathmandu and New Delhi.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;The new Mumbai-Kathmandu service will depart Mumbai at 0815hrs and arrive in Kathmandu at 1110hrs (Local Time). The return flight will depart Kathmandu at 1210hrs (LT) and arrive in Mumbai at 1450hrs. Likewise, the new service to Kathmandu from New Delhi will depart at 1040hrs and arrive in Kathmandu at 1230hrs (LT). The return flight will depart Kathmandu at 1330hrs (LT) and arrive in New Delhi at 1505hrs,&quot; reads the statement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4443',
			'image' => '20161019042312_jet airways.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4612',
			'article_category_id' => '1',
			'title' => ' Panchakanya Launches Steel Tanks in the Market',
			'sub_title' => '',
			'summary' => 'October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well. ',
			'content' => '<p style="text-align:justify">October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well.&nbsp;</p>

<p style="text-align:justify">According to the statement, the tanks have good resale value and can be easily exchanged in case of any manufacturing defect. &nbsp;The company claims that the rust resistant and mirror furnishing feature of the tanks will not allow the outside temperature to affect the water inside the tank. &nbsp;Moreover, the tank comes with a lock that will prevent any unnecessary particles entering the tank.</p>

<p style="text-align:justify">The company informs that the tanks can be used in pharmaceutical lab, hospital, brewery, distillery, dairy, industrial enterprises, food and beverages and also for households purposes. The tanks come with the capacity of 1000, 1500, 2000, 4000 and 5,000 liters.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4442',
			'image' => '20161019033500_panchkanya.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '4611',
			'article_category_id' => '1',
			'title' => 'Uncertanity Looms Over FNCCI SGM',
			'sub_title' => '',
			'summary' => 'October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM. ',
			'content' => '<p style="text-align:justify">October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM.&nbsp;</p>

<p style="text-align:justify">The bench of Patan High Court Judge Bhim Kumar Ojha issued the interim order to keep the process of SGM &lsquo;as it is&rsquo; till Wednesday. The court also ordered the opponents of the writ to submit a written reply within 15 days.</p>

<p style="text-align:justify">Former Senior Vice-President of FNCCI Bhaskar Raj Karnikar and Executive Member Govinda Raj Ghimire filed the writ mentioning that the amendment of statute is not possible through the SGM.&nbsp; FNCCI, Executive Committee, President Pashupati Murarka, Deputy Director General Meena Shrestha and District Administration Office, Kathmandu were mentioned as opponents in the writ.&nbsp;</p>

<p style="text-align:justify">The petitioners argued that the Executive Committee has called out the SGM illegally ignoring the constitutional right and statute of FNCCI. Similarly, they also mentioned SGM as a conspiracy in order to automatically promote Senior Vice-President to President ignoring the open competition in the name of statute amendment. Senior advocate Shambhu Thapa along with advocates Tika Ram Bhattarai and Gopal Dutt Pandey argued on behalf of the writ petitioners.</p>

<p style="text-align:justify">The court has called both parties to understand the issue of writ petition on Wednesday.&nbsp; The court may issue order to stop or continue the SGM on Wednesday after hearing the arguments from both sides. If the SGM is stopped, the amendment of FNCCCI statute will be obstructed and the next general meeting will have to elect the president and the executive committee.</p>

<p style="text-align:justify">Meanwhile, if the statute gets amended, Vice-President Bhawani Rana will easily become the President of FNCCI and the race of Bhaskar Rajkarnikar for the post of President will end with the amendment.</p>

<p style="text-align:justify">The executive committee called the SGM to amend the statute in order to create the new structure of the organisation as per the federal model of the country and implement a system where the senior vice-president will automatically become the president. However, the writ petitioner Rajkarnikar argues that the statute amendment could be done only through the AGM of the organisation. &quot;The statute amendment process itself is invalid,&quot; he says, adding, &quot;The amendment attempts to serve the interest of a particular person.&quot;</p>

<p style="text-align:justify">President Pashupati Murarka, meanwhile, says that the amendment process is not being carried out in favour of a particular individual. However, former presidents and officials of FNCCI are divided over amendment of statute before the AGM.</p>

<p style="text-align:justify">Former presidents Mahesh Lal Pradhan, Suraj Vaidya, Anand Raj Mulmi and Binod Bahadur Shrestha have openly objected the statute amendment. Meanwhile, Kush Kumar Joshi has maintained his silence on the issue, whereas other former Presidents are in favour of the amendment.</p>

<p style="text-align:justify">The existing statute of the FNCCI was formulated on 1993. Later, the statute was amended on 2005 through a SGM. &quot;The amendment of 2005 has clearly established the mechanism for the amendment of the statute. It should be done through the AGM not SGM,&quot; he says.</p>

<p style="text-align:justify">Nonetheless, Murarka refutes the claims of Rajkarnikar. &ldquo;Some former presidents who are not able to get desired roles are objecting the process,&rdquo; he says. &quot;Amendment of statute is required in a bid to stop interests of individuals and group politics in the FNCCI.&rdquo;</p>

<p style="text-align:justify">&nbsp;The opposing side has been blaming that amendment is being carried out just to stop Rajkarnikar from becoming the President.</p>

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

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4441',
			'image' => '20161019030522_FNCCI.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '4610',
			'article_category_id' => '1',
			'title' => 'Om Devt Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On th',
			'content' => '<p style="text-align: justify;">October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On the occasion, the bank organised clean-up program at the premises of Bindabasini Temple, Pokhara along with blood donation program. A total of 51 units of blood were collected from the blood donation program. Previously, the bank had also donated Rs 1.5 million in order to construct building for the operation of ambulance services. &nbsp;</p>

<p style="text-align: justify;"><br />
Moreover, Om Development Bank has recently finalised principle agreement with Manaslu Development Bank for merger. After distribution of bonus shares of both financial institutions and merger, the combined paid-up capital of the merged entity will reach Rs 1.68 billion. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4440',
			'image' => '20161019112321_om.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '4609',
			'article_category_id' => '1',
			'title' => 'Him Electronics Hands Over Samsung SUHD TV to First Pre-Booker ',
			'sub_title' => '',
			'summary' => 'October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time. ',
			'content' => '<p style="text-align: justify;">October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time.&nbsp;</p>

<p style="text-align: justify;"><br />
The SUHD TV was handed over to Shah by Seema Golchha, Director of Him Electronics in a special ceremony organized at Samsung Digital Plaza, Durbarmarg. Shah pre-booked the 55 inch SUHD TV between July 14 and September 15 and received a Samsung Galaxy S7 and Samsung Gear VR (Worth of Rs 88,900) as a gift for pre- booking of Samsung SUHD TV.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4439',
			'image' => '20161019110001_sust.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '4608',
			'article_category_id' => '1',
			'title' => 'SEBON Directs Reliable Devt Bank to issue Right Shares ',
			'sub_title' => '',
			'summary' => 'October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank. ',
			'content' => '<p>October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank.&nbsp;</p>

<p><br />
Earlier, the 10th annual general meeting of Reliable Development bank had decided to issue 1:1 right shares to its existing shareholders. However, the bank has signed a memorandum of understanding (MoU) with Global IME Bank to be acquired without issuing right shares to its existing shareholders. SEBON, being a regulator of the market, has taken a keen interest on the subject matter and has directed the Reliable Devt to issue right shares prior to the acquisition.</p>

<p><br />
According to the SEBON, the decision taken by the AGM on issuance of right shares was price sensitive. Thus, failure to implement the decision will be against the investors&#39; interest.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-18',
			'modified' => '2016-10-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4438',
			'image' => '20161018015610_sebon.JPG',
			'article_date' => '2016-10-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
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$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $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(
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		'Article' => array(
			'id' => '4622',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines' Colombo Trip Offer',
			'sub_title' => '',
			'summary' => 'October 21:  Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season. ',
			'content' => '<p style="text-align: justify;">October 21: &nbsp;Himalaya Airlines has launched a new offer for the families planning a trip to Colombo, Sri Lanka from Kathmandu. The Airlines has brought an attractive offer on airfare for those families willing to trip Colombo from Kathmandu during this winter season.&nbsp;</p>

<p style="text-align: justify;"><br />
Issuing a press statement, the Airlines informed that a group must include at least two people in order to participate in the offer. &nbsp;The Airlines is offering round trip base fare at Rs 35,152 (excluding tax) per person.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the statement, the offer is valid till December 31 and the customers need to purchase the tickets by October 30.&nbsp;<br />
&quot;We have launched the offer for those customers who want to spend quality time with their families in Colombo,&quot; said Bijay Shrestha, Vice President of the company.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4452',
			'image' => '20161021033919_himalaya airlines.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4621',
			'article_category_id' => '1',
			'title' => 'Arun Kabeli to issue IPO from October 25',
			'sub_title' => '',
			'summary' => 'October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds',
			'content' => '<p>October 21: Arun Kabeli is issuing initial public offering (IPO) of 3 million primary shares from October 25. Among the total number of shares, the company has allocated 90,000 shares to the employees and 150,000 shares to mutual funds.&nbsp;</p>

<p><br />
According to the company, interested investors can apply for minimum of 50 units of shares and maximum of 15,000 units of shares with the face value of Rs 100 per share. The IPO issue will close early on October 28 and delayed on November 9. Presently, the company has paid-up capital of Rs 1.20 billion accumulated from promoter shareholders and investors from affected areas. After the issuance of IPO, the paid-up capital of the company will reach Rs 1.50 billion.&nbsp;</p>

<p><br />
The company has appointed Siddhartha Capital as its issue manager. Interested investors can apply from the offices of Arun Kabeli, share registrar and all branches of Siddhartha Bank.</p>

<p><br />
ICRA Nepal has granted grade 4 plus rating to the IPO indicating below average fundamentals. Most of the hydropower companies have been granted such rating. ICRA has considered rich experience of the promoters and management personnel of the company in the field of hydroelectricity projects development and operation as positive feature of the issuance. &nbsp;However physical progress of 25 percent achieved on the cost of 50 percent of total project cost till March 2016 has been considered unfavourable by the ICRA Nepal. ICRA has also mentioned that the grading also factors in the risk arising out of delay in construction of proposed 132 KVA transmission line by NEA which can potentially delay the COD of the project despite the completion of project in time.&nbsp;</p>

<p><br />
Arun Kabeli had finalised power purchase agreement (PPA) with NEA on 2012. According to the PPA, NEA will purchase electricity generated by the project at Rs 4.80 per unit in rainy season and at Rs 8.40 per unit in dry season.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4451',
			'image' => '20161021010505_arun kabeli.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4620',
			'article_category_id' => '1',
			'title' => 'Hamiknit’s Exhibition and Sales Fair',
			'sub_title' => '',
			'summary' => 'October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female. ',
			'content' => '<p>October 21: Hamiknit is organising three days exhibition and sales fair viewing the winter season at Jorpati. The company will be exhibiting and sell woolen clothes, sweaters, gloves, t-shirt, hats, mufflers and shawls that are manufactured in Nepal for both male and female.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4450',
			'image' => '20161021114314_hamiknit.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '4619',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank now in Mobile App',
			'sub_title' => '',
			'summary' => 'October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app 'Sidhhartha Bank Smart' will facilitate its customers an easy and secure banking.  ',
			'content' => '<p style="text-align:justify">October 21: Siddhartha Bank has launched a mobile app for its smart-phone user customers in a bid to provide convenient banking services. Issuing a press statement, the bank informed that the mobile app &#39;Siddhartha Bank Smart&#39; will facilitate its customers an easy and secure banking. &nbsp;</p>

<p style="text-align:justify"><br />
According to the company, both Android and IOS users can download the app. The customers can also get information regarding the insurance premium and pay the premium through the app. Moreover, they can also pay school fees through the app.&nbsp;</p>

<p style="text-align:justify"><br />
The bank informs that the customers can do inter-bank transactions between Fonepay member banks, send money from one branch to another and give direction to transfer money. &quot;The users can pay the bills of NTC, Ncell, ADSL, Dish Home and eSewa using the app,&quot; informs the bank.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4449',
			'image' => '20161021112010_siddhartha bank.jpg',
			'article_date' => '2016-10-21 00:00:00',
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		'Article' => array(
			'id' => '4618',
			'article_category_id' => '1',
			'title' => 'CG Launches 4K Smart TV ',
			'sub_title' => '',
			'summary' => 'October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market. ',
			'content' => '<p style="text-align:justify">October 21: CG brand has introduced 4K Smart TV on the occasion of Tihar and Chhath in the Nepali market. The company launched 65 inches LED TV with various offers along with other LED/Smart TVs in the market.&nbsp;</p>

<p style="text-align:justify"><br />
According to the company, 65 inches Smart TV having attractive looks features Android, Quad-core processor and the ultra clear panel. As per the company, it has various features such as App store, WiFi, web-browser and dolby sound.&nbsp;</p>

<p style="text-align:justify"><br />
Moreover, the company is also offering various attractive gift hampers and &lsquo;sure-shot&rsquo; prizes on the purchase of CG LED TV in this festive season. Likewise, it has launched &lsquo;grand cash back offer&rsquo; upto 20 percent on the purchase of 20-32 inches CG TVs.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-21',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4448',
			'image' => '20161021104252_cg tv.jpg',
			'article_date' => '2016-10-21 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '4617',
			'article_category_id' => '1',
			'title' => 'Dang Becoming a Cement Hub',
			'sub_title' => 'Rs 41 Billion Invested in 7 Cement Industries ',
			'summary' => 'October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. ',
			'content' => '<p>October 20: Dang is becoming a major cement production hub in the recent years. As the hill areas of the district host big limestone mines, cement industries are being established across Dang. The number of cement industries in the district has reached seven at present. Out of them, Ghorahi (Sagarmatha) Cement located at Gogli and Sonapur Cement located at Dudhara have already started their production. Meanwhile, other cement factories are under construction.</p>

<p>As per the details submitted to the Ministry of Industry, the investment in the cement industry of Dang has totaled Rs 41 billion. The investment comprises of minimum of Rs one billion to a maximum of Rs 10 billion. Ghorahi Cement Industry and Sonapur Cement Industry are producing cement since the last two years. Similarly, the production facility of Samrat Cement is under construction in Deukhuri. The company plans to start production within the next few months.</p>

<p><img alt="" src="/userfiles/images/dd.jpg" style="height:342px; width:500px" /></p>

<p>Similarly, Subha Shree Agni Cement which has its infrastructure in Argakhnachi is readying to bring its products to the market. However, Rolpa Cement Indsutry which has its production bases in Dang and Rolpa is unable to start production due to electricity problem. Meanwhile, Dang Cement Industry and Araniko Abukhaireni Cement Industry have still not come into operations.</p>

<p>The operating industries are increasing their capacity as well. Started with an investment of Rs four billion, Sonapur Cement has now increased its investment to Rs 10 billion. The industry which used to produce 800 sacks of cement per day has increased its capacity to 20,000 sacks daily. According to the company, it has doubled the production of clinker as well.</p>

<p style="text-align:justify">Similarly, started with an investment of Rs six billion, Ghorahi Cement has increased its investment and production capacity. According to Amar Subedi, Public Relation Officer of the company, the production capacity has been increased to 22,000 sacks per day from 7,000 sacks earlier.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4447',
			'image' => null,
			'article_date' => '2016-10-20 00:00:00',
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		'Article' => array(
			'id' => '4616',
			'article_category_id' => '1',
			'title' => 'Poudel Named 2nd Weekly Winner of City Express',
			'sub_title' => '',
			'summary' => 'October 20: Ashish Poudel has been announced as the second weekly winner of ‘City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos’ scheme of City Express Money Transfer. ',
			'content' => '<p style="text-align:justify">October 20: Ashish Poudel has been announced as the second weekly winner of &lsquo;City Bajaunuhos, Kathmandu Maa Ghaderi Paunuhos&rsquo; scheme of City Express Money Transfer. &nbsp;The company has been announcing winners of the prize scheme on a weekly basis which is being organised on the occasion of Dashain-Tihar and Chhath festivals. Poudel has received a 32 inches LED TV as the prize. He had sent money to his relatives from Qatar through City Express Money Transfer. According to the company, one lucky winner will get a land of four aanas in Kathmandu at the end of the scheme.&nbsp;</p>

<div>&nbsp;</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4446',
			'image' => '20161021105231_city express.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '4615',
			'article_category_id' => '1',
			'title' => 'XCMG Excavator Launched',
			'sub_title' => '',
			'summary' => 'October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.',
			'content' => '<p>October 20: Heavy equipments distributor IDMC has introduced XCMG XE 215 excavator in the Nepali market. The Chinese excavator weighing 21.5 tonnes has been uses engine of Isuzu and hydraulics manufactured by Kawasaki.</p>

<p style="text-align:justify">According to Purshottam Subedi, Managing Director of IMDC, all buyers of the newly launched excavator will get a chance to explore the factory and along with a five nights six days trip to China for couple. He informs that the scheme will come into effect from November 15. As per the company, the excavator is priced at Rs 8.5 million in the local market. The company has opened a service center at Sano Thimi, Bhaktapur where the customers can get after sale services from Chinese specialist engineer.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4445',
			'image' => '20161021105652_exavetor.jpg',
			'article_date' => '2016-10-20 00:00:00',
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			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4614',
			'article_category_id' => '1',
			'title' => 'Kelvinator AC in the Market',
			'sub_title' => '',
			'summary' => 'October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. ',
			'content' => '<p>October 20: EOL, a subsidiary of Chaudhary Group has launched Kelvinator air conditioner in the Nepali market. The company which is the authorised distributor of Kelvinator appliances in Nepal has been distributing various home appliances of the brand including chest freezers, refrigerators, and washing machines.</p>

<p style="text-align:justify">According to the company, the newly introduced AC is available in 1.0 ton and 1.5 ton models. The company informs that the AC manufactured by American technology comes with features such as instant heat and turbo cool. Likewise, it has gold fin, anti-bacterial and silver ion filter, louvre step control and night glow button remote. The company says that that the Kelvinator AC consumes low electricity and is unique than ACs of other brands.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-20',
			'modified' => '2016-10-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4444',
			'image' => '20161020125425_kelvinator.jpg',
			'article_date' => '2016-10-20 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4613',
			'article_category_id' => '1',
			'title' => 'Jet Airways Enhances Connectivity to SAARC and Gulf Countries',
			'sub_title' => '',
			'summary' => 'October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mum',
			'content' => '<p style="text-align:justify">October 19: Jet Airways is set to enhance connectivity between India and SAARC as well as Gulf. Issuing a press statement, the Airways informed that it will introduce additional frequencies to Kathmandu from Mumbai and New Delhi respectively effective from October 30 as part of its new winter schedule. &nbsp;At the same time, it will also significantly strengthen its connectivity to the Gulf from Kerala, with daily flights to Dubai and Doha from Thiruvananthapuram, complementing the recently announced daily flight between Kozhikode and Sharjah.</p>

<p style="text-align:justify"><br />
According to the statement, the Airways will double its current capacity between Mumbai and Kathmandu. Similarly, the Airways will also augment the flight capacity between Kathmandu and New Delhi.&nbsp;</p>

<p style="text-align:justify"><br />
&quot;The new Mumbai-Kathmandu service will depart Mumbai at 0815hrs and arrive in Kathmandu at 1110hrs (Local Time). The return flight will depart Kathmandu at 1210hrs (LT) and arrive in Mumbai at 1450hrs. Likewise, the new service to Kathmandu from New Delhi will depart at 1040hrs and arrive in Kathmandu at 1230hrs (LT). The return flight will depart Kathmandu at 1330hrs (LT) and arrive in New Delhi at 1505hrs,&quot; reads the statement.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4443',
			'image' => '20161019042312_jet airways.jpg',
			'article_date' => '2016-10-19 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4612',
			'article_category_id' => '1',
			'title' => ' Panchakanya Launches Steel Tanks in the Market',
			'sub_title' => '',
			'summary' => 'October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well. ',
			'content' => '<p style="text-align:justify">October 19: Panchakanya group has brought 316 grades tanks in the market. Issuing a press statement, the company informed of starting the production of 304 grade tanks in horizontal design as well.&nbsp;</p>

<p style="text-align:justify">According to the statement, the tanks have good resale value and can be easily exchanged in case of any manufacturing defect. &nbsp;The company claims that the rust resistant and mirror furnishing feature of the tanks will not allow the outside temperature to affect the water inside the tank. &nbsp;Moreover, the tank comes with a lock that will prevent any unnecessary particles entering the tank.</p>

<p style="text-align:justify">The company informs that the tanks can be used in pharmaceutical lab, hospital, brewery, distillery, dairy, industrial enterprises, food and beverages and also for households purposes. The tanks come with the capacity of 1000, 1500, 2000, 4000 and 5,000 liters.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-10-19',
			'modified' => '2016-10-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4442',
			'image' => '20161019033500_panchkanya.jpg',
			'article_date' => '2016-10-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4611',
			'article_category_id' => '1',
			'title' => 'Uncertanity Looms Over FNCCI SGM',
			'sub_title' => '',
			'summary' => 'October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM. ',
			'content' => '<p style="text-align:justify">October 19: The special general meeting (SGM) of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) scheduled for Thursday has apparently become uncertain. The Patan High Court on Tuesday issued a stay order in a writ petition filed by the opponents of the SGM. The petitioners have demanded an injunction with interim order from the court to stop the SGM.&nbsp;</p>

<p style="text-align:justify">The bench of Patan High Court Judge Bhim Kumar Ojha issued the interim order to keep the process of SGM &lsquo;as it is&rsquo; till Wednesday. The court also ordered the opponents of the writ to submit a written reply within 15 days.</p>

<p style="text-align:justify">Former Senior Vice-President of FNCCI Bhaskar Raj Karnikar and Executive Member Govinda Raj Ghimire filed the writ mentioning that the amendment of statute is not possible through the SGM.&nbsp; FNCCI, Executive Committee, President Pashupati Murarka, Deputy Director General Meena Shrestha and District Administration Office, Kathmandu were mentioned as opponents in the writ.&nbsp;</p>

<p style="text-align:justify">The petitioners argued that the Executive Committee has called out the SGM illegally ignoring the constitutional right and statute of FNCCI. Similarly, they also mentioned SGM as a conspiracy in order to automatically promote Senior Vice-President to President ignoring the open competition in the name of statute amendment. Senior advocate Shambhu Thapa along with advocates Tika Ram Bhattarai and Gopal Dutt Pandey argued on behalf of the writ petitioners.</p>

<p style="text-align:justify">The court has called both parties to understand the issue of writ petition on Wednesday.&nbsp; The court may issue order to stop or continue the SGM on Wednesday after hearing the arguments from both sides. If the SGM is stopped, the amendment of FNCCCI statute will be obstructed and the next general meeting will have to elect the president and the executive committee.</p>

<p style="text-align:justify">Meanwhile, if the statute gets amended, Vice-President Bhawani Rana will easily become the President of FNCCI and the race of Bhaskar Rajkarnikar for the post of President will end with the amendment.</p>

<p style="text-align:justify">The executive committee called the SGM to amend the statute in order to create the new structure of the organisation as per the federal model of the country and implement a system where the senior vice-president will automatically become the president. However, the writ petitioner Rajkarnikar argues that the statute amendment could be done only through the AGM of the organisation. &quot;The statute amendment process itself is invalid,&quot; he says, adding, &quot;The amendment attempts to serve the interest of a particular person.&quot;</p>

<p style="text-align:justify">President Pashupati Murarka, meanwhile, says that the amendment process is not being carried out in favour of a particular individual. However, former presidents and officials of FNCCI are divided over amendment of statute before the AGM.</p>

<p style="text-align:justify">Former presidents Mahesh Lal Pradhan, Suraj Vaidya, Anand Raj Mulmi and Binod Bahadur Shrestha have openly objected the statute amendment. Meanwhile, Kush Kumar Joshi has maintained his silence on the issue, whereas other former Presidents are in favour of the amendment.</p>

<p style="text-align:justify">The existing statute of the FNCCI was formulated on 1993. Later, the statute was amended on 2005 through a SGM. &quot;The amendment of 2005 has clearly established the mechanism for the amendment of the statute. It should be done through the AGM not SGM,&quot; he says.</p>

<p style="text-align:justify">Nonetheless, Murarka refutes the claims of Rajkarnikar. &ldquo;Some former presidents who are not able to get desired roles are objecting the process,&rdquo; he says. &quot;Amendment of statute is required in a bid to stop interests of individuals and group politics in the FNCCI.&rdquo;</p>

<p style="text-align:justify">&nbsp;The opposing side has been blaming that amendment is being carried out just to stop Rajkarnikar from becoming the President.</p>

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

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'Om Devt Bank in 10th Year',
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			'summary' => 'October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On th',
			'content' => '<p style="text-align: justify;">October 19: Om Development Bank, headquarters at Chipledhunga, Pokhara, has entered into 10th year of its operation. The bank recently celebrated its 9th anniversary by organising various program. On the occasion, the bank organised clean-up program at the premises of Bindabasini Temple, Pokhara along with blood donation program. A total of 51 units of blood were collected from the blood donation program. Previously, the bank had also donated Rs 1.5 million in order to construct building for the operation of ambulance services. &nbsp;</p>

<p style="text-align: justify;"><br />
Moreover, Om Development Bank has recently finalised principle agreement with Manaslu Development Bank for merger. After distribution of bonus shares of both financial institutions and merger, the combined paid-up capital of the merged entity will reach Rs 1.68 billion. &nbsp;</p>

<p>&nbsp;</p>
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			'title' => 'Him Electronics Hands Over Samsung SUHD TV to First Pre-Booker ',
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			'summary' => 'October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time. ',
			'content' => '<p style="text-align: justify;">October 19: Him Electronics, the authorised distributor of Samsung electronics and home appliances for Nepal, has handed over SUHD TV to Bikram Prashad Shah on October 7. Shah is the first pre-booker of the Samsung SUHD TV, equipped with second generation Quantum dot technology introduced in Nepal for the first time.&nbsp;</p>

<p style="text-align: justify;"><br />
The SUHD TV was handed over to Shah by Seema Golchha, Director of Him Electronics in a special ceremony organized at Samsung Digital Plaza, Durbarmarg. Shah pre-booked the 55 inch SUHD TV between July 14 and September 15 and received a Samsung Galaxy S7 and Samsung Gear VR (Worth of Rs 88,900) as a gift for pre- booking of Samsung SUHD TV.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'title' => 'SEBON Directs Reliable Devt Bank to issue Right Shares ',
			'sub_title' => '',
			'summary' => 'October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank. ',
			'content' => '<p>October 18: Securities Board of Nepal (SEBON) has directed Reliable Development bank to issue right shares as per the decision of its 10th annual general meeting taken on October 3, 2016. SEBON, issuing a notice, directed Reliable to implement its right share issuance decision before going into acquisition process with Global IME Bank.&nbsp;</p>

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Earlier, the 10th annual general meeting of Reliable Development bank had decided to issue 1:1 right shares to its existing shareholders. However, the bank has signed a memorandum of understanding (MoU) with Global IME Bank to be acquired without issuing right shares to its existing shareholders. SEBON, being a regulator of the market, has taken a keen interest on the subject matter and has directed the Reliable Devt to issue right shares prior to the acquisition.</p>

<p><br />
According to the SEBON, the decision taken by the AGM on issuance of right shares was price sensitive. Thus, failure to implement the decision will be against the investors&#39; interest.&nbsp;</p>

<p>&nbsp;</p>
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