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Code Context
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			'id' => '4147',
			'article_category_id' => '1',
			'title' => 'Agreement on Joint Investment in Jewellery Industry',
			'sub_title' => '',
			'summary' => 'August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) Ind',
			'content' => '<p style="text-align: justify;">August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) India has made an agreement regarding joint investment of technology and capital for the promotion of Nepali jewellery industry. FNGSGJA and GJEPC India have agreed to coordinate and make a joint investment in &ldquo;Jewellery Promotion Zone&rdquo; establishment. &nbsp;They also have agreed to request the government body to provide necessary assistance on promotion of Jewellery industry including exploring, excavating and processing of raw materials like gems and stones.</p>

<p style="text-align: justify;">Furthermore, they have agreed to conduct international level conference at Kathmandu in the near future in order to promote Nepali Jewellery Industry. They will also conduct training on designing modern jewellery targeting the international market. High level council delegates will visit Nepal regarding the preparation for the implementation of the agreement.</p>

<p style="text-align: justify;">The agreement was done in a meeting held in between the delegates led by Ramesh Maharjan, President of the Federation who participated in India International Jewellery show 2016 and Prabin Shankar Pandey President of the council and other officials of the council. &nbsp;The delegates representing the Federation included Bidhya Sagar Tamrakar President of Nepal Rocks and Minerals Association, Kishan Sunar, Executive Member of FNGSGJA along with other gems and Jewellery entrepreneurs.</p>
',
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			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3980',
			'image' => '20160808050124_jewel.jpg',
			'article_date' => '2016-08-08 00:00:00',
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			'id' => '4146',
			'article_category_id' => '1',
			'title' => 'Arun Valley to Issue FPO',
			'sub_title' => '',
			'summary' => 'August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Pub',
			'content' => '<p style="text-align: justify;">August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Public Offering (FPO) at the premium rate in the upcoming AGM to be held on September 2.</p>

<p style="text-align: justify;">Similarly, the BOD will be presenting the proposal of issuing 10 percent bonus share and distributing 0.526 percent cash dividend for tax purpose.</p>

<p style="text-align: justify;">Once the proposal gets approved by the AGM, the dividend will be distributed to the shareholders. As per the information provided by the company, the company is issuing the FPO in a bid to increase investment in existing projects of the company.</p>
',
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			'created' => '2016-08-08',
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			'description' => '',
			'sortorder' => '3979',
			'image' => '20160808040540_ARUN VASLLEY.JPG',
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			'id' => '4145',
			'article_category_id' => '1',
			'title' => 'Sipradi Champions Meet',
			'sub_title' => '',
			'summary' => 'August 8: Sipradi Auto Parts has completed ‘Champion Meet-2016’ in Kathmandu.  The company organised the meet as a part of its annual program b',
			'content' => '<p style="text-align: justify;">August 8: Sipradi Auto Parts has completed &lsquo;Champion Meet-2016&rsquo; in Kathmandu.&nbsp; The company organised the meet as a part of its annual program by inviting its retail distributors from across the country. &nbsp;On the occasion, Rajesh Prasad Giri, Vice-Chairman of the Sipradi Auto Parts highlighted the future projects and plans of the company.</p>

<p style="text-align: justify;">Similarly, visiting representative of Tata Motors India Avinas Kumar Gupta spoke about the future strategies of Tata Motors in Nepal in the same program. In the program, Yuvraj Budhathoki, Chief Operator of the Sipradi Auto Parts informed about the current strategy and future work-plans on behalf of the company.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
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			'description' => '',
			'sortorder' => '3978',
			'image' => '20160808035301_champion.jpg',
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		'Article' => array(
			'id' => '4144',
			'article_category_id' => '1',
			'title' => 'Unilever Re-opens with 3 Points Agreement',
			'sub_title' => '',
			'summary' => 'August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.',
			'content' => '<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.</p>

<p style="text-align: justify;">A meeting was held at the District Administration Office on Sunday between the workers, management, labour office and local political leaders which led to agreement between the two parties.&nbsp; According to the agreement, the factory management has agreed to reinstate seven workers who were suspended earlier. &ldquo;Moreover, further decision about providing a &lsquo;residential fund &lsquo;to the workers will be soon solved within one month,&rdquo; said Nawaraj Aryal, President of Makwanpur Industry Association.</p>

<p style="text-align: justify;">The meeting was attended by Rajkumar Neupane, President of Makwanpur Chamber of Commerce and Industry, Nawaraj Aryal, Makwanpur Industries Association. Similarly, &nbsp;Abhijeet Mukhopadhyaya, Manager of Unilever Industry, Sumit Dhar, HR Manager of Unilever Industry, Shyam Shrestha, Hetauda Labor Office Chief were also presented in the meeting. Likewise, &nbsp;Trade Union representatives Lal Krishna Pyakurel, Jayram Dhital and Janga Bahadur Bika also participated the meeting.</p>

<p style="text-align: justify;">&ldquo;The strike ended with an agreement that the workers won&rsquo;t be allowed to strike for next two years,&rdquo; said President Aryal.</p>

<p style="text-align: justify;">Earlier, the management informed about the industrial closure through a notice on Sunday morning. According to Mukhopadhyaya, it will take some time for resuming the factory to normal operation. &ldquo; We expect a direction from the headquarter by this Thursday,&rdquo; he said.</p>

<p style="text-align: justify;">The workers had been holding the strike since last 28 days blaming the management of breaking the three point agreement which had taken place on May 29.</p>

<p style="text-align: justify;">The management of Unilever said the company has to face a loss of Rs five million in one day closure. Established in 1993, the factory produces products like shampoo, soap, toothpaste, surf. It has provided employment to round 208 workers. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3977',
			'image' => '20160808034704_uniliver.jpg',
			'article_date' => '2016-08-08 00:00:00',
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		'Article' => array(
			'id' => '4143',
			'article_category_id' => '1',
			'title' => '9th Malaysia Education Fair From August 12',
			'sub_title' => '',
			'summary' => 'August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.  The education fair is sch',
			'content' => '<p style="text-align:justify">August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.&nbsp; The education fair is scheduled to be inaugurated by Ahammad Fadil Mohammad Ismail, Malaysia&#39;s &lsquo;Charge d&rsquo;affair&rsquo; for Nepal.</p>

<p style="text-align:justify">The education fair that is going to be organised under the support of Malaysian Embassy has aimed to provide information about Malaysian education system to Nepali students.&nbsp; Umesh Adhikari, the Managing Director of Study Plus Pvt Ltd said that the representatives from Malaysian universities will be participating in the education fair. &quot;Nepali students can directly interact with them and get informed about the education system and services available to them,&quot; he added.</p>

<p style="text-align:justify">As a scheme, the student will get scholarship and discounts up to 50 percent if they participate in the education fair. &quot;The students will be provided information about the education and skill development system in Malaysia through the seminar that will be held during the education fair,&quot; says Adhikari.&nbsp; According to him, around 2,000 students had participated in the education fair last year. Organiser expects that more than 2000 visitors will be visiting the education fair.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3976',
			'image' => '20160808033002_maly.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '4142',
			'article_category_id' => '1',
			'title' => 'Take Economic Development of the Nation Seriously: CNI',
			'sub_title' => 'CNI Delegation Meets PM and Finance Minister',
			'summary' => 'August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake f',
			'content' => '<p style="text-align: justify;">August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake followed by border blockade and Terai unrest.</p>

<p style="text-align: justify;">The group of entrepreneurs under the leadership of Hari Bhakta Sharma, President of CNI informed PM about the present economic condition of Nepal in his official residence at Baluwatar. In the meeting, CNI suggested the government to increase capital expenditure, invest in infrastructures and minimize business losses in order to achieve the target of 6.5 percent economic growth rate for the current FY. Similarly, the confederation suggested the government to prioritise to increase employment opportunities and construction and renovation in 14 districts affected by the earthquake. Speaking in the meeting, PM Dahal said that the policy of coordinating with the private sector will be continued for economic reform of the country.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/FM.jpg" style="height:346px; width:625px" /></p>

<p style="text-align: justify;">The delegates of CNI also held the meeting with Krishna Bahadur Mahara, the newly elected Finance Minister in his office. The confederation urged Mahara to remove the obstacles such as minimum capital expenditure, high inflation level, business losses, low economic growth rate for smooth development of the nation.</p>

<p style="text-align: justify;">In the meeting, President Sharma urged Mahara to endorse all types of rules and regulations related to industrial and commercial sectors. Sharma also pointed out the requirements of formulating acts such as anti dumping and countervailing. According to Mahara, there is need of increment in gross savings to create investment friendly environment in the country. Issuing a press statement, &nbsp;the confederation informed that the government has committed to collaborate with private sector in order to build a prosperous nation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3975',
			'image' => '20160808012653_PM.jpg',
			'article_date' => '2016-08-08 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '4141',
			'article_category_id' => '1',
			'title' => 'Shangri-La Devt Bank Provides Training to Employees',
			'sub_title' => '',
			'summary' => 'August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the cap',
			'content' => '<p style="text-align: justify;">August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the capital. Issuing a press statement, the bank informed of conducting interaction program regarding annual review of FY 2072/73 and upcoming strategies.</p>

<p style="text-align: justify;">In the program, Rajendra Prasad Poudel, CEO of the bank informed about the scenario of the bank till date and upcoming strategies and policies. The bank informed that it has collected deposits of Rs 10.36 billion and extended loan of Rs 9.10 billion in last FY. The bank earned operating profit of Rs 340.40 million during review period. &nbsp;Currently, the bank is providing its services through 31 branches and 12 ATM counter to its customers across the country. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3974',
			'image' => '20160808125456_sangrila.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4140',
			'article_category_id' => '1',
			'title' => 'NTC Losses Millions in 2 Days due to Recharge Problem',
			'sub_title' => '',
			'summary' => 'August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their ',
			'content' => '<p>August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their phones. Currently NTC sells the recharge cards of Rs 50, 100, 200, 500 and 1000. Basing on the Rs 100 to the average daily recharge, recharge of Rs 140 millions could not be made in these two days time.</p>

<p>According to Sub-Spokesperson of NTC Dilli Prasad Adhikari, users recharge their phones with NT recharge card at the average of 700,000 times a day. According to the telecommunication company, the problem has been solved after 3 PM on Sunday. However, due to the high pressure on system resulted by two days halt users were not able to recharge easily till the evening on Sunday. &ldquo;The recharge system will start to become normal from Monday (August 8),&rdquo; informed Adhikari.</p>

<p>NTC users recharge their phones at an average of Rs 250 per person per month. As per this statistic, the company earns Rs 16.66 per user in one day. This clearly shows that, NTC has lost the income of Rs 23.324 million from its 1.4 million subscribers in two day.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3973',
			'image' => '20160808111630_ntc.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '4139',
			'article_category_id' => '1',
			'title' => 'SC Quashes Pandey’s Writ Petition ',
			'sub_title' => '',
			'summary' => 'August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. ',
			'content' => '<p>August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. Pandey and Upendra Keshari Poudel, former Chief Currency Officer of Nepal Rastra Bank (NRB) jointly filed a writ on Mangsir 2071 asking for the court&rsquo;s order to stop the handover of bank details to Australian Federal Police (AFP) on the polymer note scandal. Citing a large scale corruption on the printing of polymer notes, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels earlier. &nbsp;&nbsp;Issuing an order, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada stated that it is appropriate for Nepal to provide such information and details to Australia fulfilling the obligations of United Nations Convention Against Corruption, 2003 along with other international conventions for the prevention of organised crime as both countries are signatories of the convention. The Supreme Court in its order further stated that handover of such details do not violate the writ petitioner&rsquo;s right to privacy and other rights guaranteed by the constitution. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. The alleged former Australian officials of the NPA are facing court cases at present. The Australian government had asked for the bank account details of the involved Nepalis in this regard.&nbsp;</p>

<p>Earlier, Kathmandu District Court had approved to handover the bank account details to the Australian Government. Following the approval, NRB issued a circular asking all banks to provide bank details of all the alleged individuals. After which, Pandey and Poudel jointly filed the writ against the District Court&rsquo;s decision in the Supreme Court. The Supreme Court had initially ordered not to implement the district court&rsquo;s decision for the time being. The writ applicants had mentioned that their bank account details are confidential matters claiming that handover of such details to another country would violate their fundamental rights.</p>

<p>As per the Supreme Court&rsquo;s latest decision, the confidentiality of bank account details is not absolute but is subjected to regulation through legal processes and does not contradict Section 79 of Bank and Financial Institution Act, 2063. &nbsp;The Court also concluded that Nepal should send the requested assistance due to the diplomatic relations of Australia with Nepal.</p>

<p>Meanwhile, experts believe that the decision will have long lasting significance as the issue is related with money laundering. According to the lawyers well known to the matter,the&nbsp;issue is not only related to&nbsp;Australia. As the high&nbsp;government officials of Nepal have taken bribes through&nbsp;Nepali citizens, Nepal should conduct the separate investigation on the matter, they say. Commission for the investigation of Abuse of Authority (CIAA) had already taken clarifications from the related individuals on the matter. However, CIAA stopped the investigation citing the issue was pending in the court. With the Supreme Court&rsquo;s latest decision, CIAA and other investigation department related with corruption are opened to investigate the further on the issue.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-08-07',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3972',
			'image' => '20160808103151_pandey.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '4138',
			'article_category_id' => '1',
			'title' => 'Importance of Combined Effort for Qualitative Construction',
			'sub_title' => '',
			'summary' => 'August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. ',
			'content' => '<p style="text-align: justify;">August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. &nbsp;&nbsp;The discussion program was participated by Secretary of Nepal Government and officials of Federation of Contractors Association of Nepal. During the program, participants had committed to provide possible effort from their sides for qualitative constructions.</p>

<p style="text-align: justify;">The participants assured of not undertaking any agreement that will negatively affect the quality of the constructions.&nbsp; During the interaction, contractors raised various issues including impact of earthquake and blockade on construction industry, increase in physical attack incidents on entrepreneurs, shortage of construction equipment and non implementation of committed task by the government.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3971',
			'image' => '20160807045107_cons.jpg',
			'article_date' => '2016-08-07 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '4137',
			'article_category_id' => '1',
			'title' => 'FNCCI Urged PM Dahal to Make Investment Friendly Environment',
			'sub_title' => '',
			'summary' => 'August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and busin',
			'content' => '<p style="text-align: justify;">August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and business sectors of the country. During the meeting held at official residence of the Prime Minister at Baluwatar on August 6, the delegation led by FNCCI President Pashupati Murarka expressed the belief that PM Dahal&rsquo;s term would be successful and industry-friendly.</p>

<p style="text-align: justify;">In the meeting, Vice President of FNCCI, Kishor Pradhan and Shekhar Golchha, Executive Committee Member Chandra Prasad Dhakal, Ashok Kumar Todi, Jyotsana Shrestha, and Vijay Kumar Temani and Bijay Shingh Baidhya, Chairman of Birgunj Chamber of Commerce and Industry Pradeep Kedia, and Director General of the FNCCI Mina Shrestha were present.</p>

<p style="text-align: justify;">During the meeting President Murarka urged to thrive industry business sector and to create a new investment-friendly environment inside the country. He suggested that the new government should give high priority towards amendment, mobilization and passing the necessary policies demanded by private sectors. President Murarka, on the occasion said that the private sectors are being discouraged as the industrial business sector is being influenced by various problems.</p>

<p style="text-align: justify;">President Murarka also requested PM Dahal to solve the problems raised by private sectors as they will make contribution to economical development, employment generation, revenue and prosper industrial/business sector in the country. On the occasion, Murarka said that private sector is ready to collaborate with the government. He also committed to provide full support to the new government in order to bring the economic development.</p>

<p style="text-align: justify;">On the occasion, PM Dahal said that the government in collaboration with the private sector is willing to move forward. &nbsp;He also stressed that the private sector should be clear for the qualitative progress in the economical sector.</p>
',
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	(int) 11 => array(
		'Article' => array(
			'id' => '4136',
			'article_category_id' => '1',
			'title' => 'Business Incubation Seminar Concludes',
			'sub_title' => '',
			'summary' => 'August 7: Nepal Entrepreneurs’ Hub (NEHUB) has organised the 10th edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5th Au',
			'content' => '<p style="text-align: justify;">August 7: Nepal Entrepreneurs&rsquo; Hub (NEHUB) has organised the 10<sup>th</sup> edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5<sup>th</sup> August. Dwayne Canfield, Strategic Business Development Manager of Intel Corporation was the key note speaker for the event. The seminar focused on incubation of new businesses to be done internally and to apply it to startups and growing companies. &ldquo;No matter what problem a country face, entrepreneurship is the best way to find the solution. As the world&rsquo;s focus on Nepal is giving money and supporting new ideas, empowering entrepreneurship is a much better way to create future for the country,&rdquo; said Canfield.</p>

<p style="text-align: justify;">&ldquo;There are lots of good ideas in Nepal with which you can create an innovative business. The startups need not to be something representing the global scenario but it just has to solve the problems of the people here,&rdquo; he added. &nbsp;</p>

<p style="text-align: justify;">NEHUB hosts regular talks and meetups with international experts and investors who share their personal and technical experiences. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '3969',
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			'article_date' => '2016-08-07 00:00:00',
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			'id' => '4135',
			'article_category_id' => '1',
			'title' => 'Investors Blamed Regulatory Body for Share Market Decline',
			'sub_title' => '',
			'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier.  According to the officials of Share Investors Association of Nepal, the h',
			'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. &nbsp;According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p>

<p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p>

<p style="text-align:justify">&ldquo;SEBON is trying to discourage the genuinely increasing share market,&rdquo; said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p>
',
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			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3968',
			'image' => '20160807030921_sebon final.jpg',
			'article_date' => '2016-08-07 00:00:00',
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		'Article' => array(
			'id' => '4134',
			'article_category_id' => '1',
			'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad',
			'sub_title' => '',
			'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.',
			'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal&rsquo;s Rio Olympics 2016 squad which is being held at Brazil.</p>

<p style="text-align: justify;">&ldquo;Team Nepal&rsquo;s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,&rdquo; reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. &nbsp;&nbsp;</p>

<p style="text-align: justify;">&ldquo;We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,&rdquo; said Pawana Shrestha, General Manager of Etihad Airways Nepal. &ldquo;Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,&rdquo; he added.</p>
',
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			'created' => '2016-08-07',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3967',
			'image' => '20160807011353_rop.jpg',
			'article_date' => '2016-08-07 00:00:00',
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		'Article' => array(
			'id' => '4133',
			'article_category_id' => '1',
			'title' => 'ADB Reappoints Nakao as President',
			'sub_title' => '',
			'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.',
			'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao&rsquo;s new tenure will start from November 24.</p>

<p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. &ldquo;He was the sole nominee after ADB&rsquo;s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization&rsquo;s presidency,&rdquo; said the bank in a press statment.</p>

<p style="text-align: justify;">&ldquo;It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,&rdquo; said President Nakao. &ldquo;I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,&rdquo; he added.</p>

<p style="text-align: justify;">According to the bank, during Nakao&rsquo;s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. &ldquo;Last year, ADB&rsquo;s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB&rsquo;s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,&rdquo; reads the statement.</p>
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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 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
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '4147',
			'article_category_id' => '1',
			'title' => 'Agreement on Joint Investment in Jewellery Industry',
			'sub_title' => '',
			'summary' => 'August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) Ind',
			'content' => '<p style="text-align: justify;">August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) India has made an agreement regarding joint investment of technology and capital for the promotion of Nepali jewellery industry. FNGSGJA and GJEPC India have agreed to coordinate and make a joint investment in &ldquo;Jewellery Promotion Zone&rdquo; establishment. &nbsp;They also have agreed to request the government body to provide necessary assistance on promotion of Jewellery industry including exploring, excavating and processing of raw materials like gems and stones.</p>

<p style="text-align: justify;">Furthermore, they have agreed to conduct international level conference at Kathmandu in the near future in order to promote Nepali Jewellery Industry. They will also conduct training on designing modern jewellery targeting the international market. High level council delegates will visit Nepal regarding the preparation for the implementation of the agreement.</p>

<p style="text-align: justify;">The agreement was done in a meeting held in between the delegates led by Ramesh Maharjan, President of the Federation who participated in India International Jewellery show 2016 and Prabin Shankar Pandey President of the council and other officials of the council. &nbsp;The delegates representing the Federation included Bidhya Sagar Tamrakar President of Nepal Rocks and Minerals Association, Kishan Sunar, Executive Member of FNGSGJA along with other gems and Jewellery entrepreneurs.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3980',
			'image' => '20160808050124_jewel.jpg',
			'article_date' => '2016-08-08 00:00:00',
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			'id' => '4146',
			'article_category_id' => '1',
			'title' => 'Arun Valley to Issue FPO',
			'sub_title' => '',
			'summary' => 'August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Pub',
			'content' => '<p style="text-align: justify;">August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Public Offering (FPO) at the premium rate in the upcoming AGM to be held on September 2.</p>

<p style="text-align: justify;">Similarly, the BOD will be presenting the proposal of issuing 10 percent bonus share and distributing 0.526 percent cash dividend for tax purpose.</p>

<p style="text-align: justify;">Once the proposal gets approved by the AGM, the dividend will be distributed to the shareholders. As per the information provided by the company, the company is issuing the FPO in a bid to increase investment in existing projects of the company.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3979',
			'image' => '20160808040540_ARUN VASLLEY.JPG',
			'article_date' => '2016-08-08 00:00:00',
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			'id' => '4145',
			'article_category_id' => '1',
			'title' => 'Sipradi Champions Meet',
			'sub_title' => '',
			'summary' => 'August 8: Sipradi Auto Parts has completed ‘Champion Meet-2016’ in Kathmandu.  The company organised the meet as a part of its annual program b',
			'content' => '<p style="text-align: justify;">August 8: Sipradi Auto Parts has completed &lsquo;Champion Meet-2016&rsquo; in Kathmandu.&nbsp; The company organised the meet as a part of its annual program by inviting its retail distributors from across the country. &nbsp;On the occasion, Rajesh Prasad Giri, Vice-Chairman of the Sipradi Auto Parts highlighted the future projects and plans of the company.</p>

<p style="text-align: justify;">Similarly, visiting representative of Tata Motors India Avinas Kumar Gupta spoke about the future strategies of Tata Motors in Nepal in the same program. In the program, Yuvraj Budhathoki, Chief Operator of the Sipradi Auto Parts informed about the current strategy and future work-plans on behalf of the company.</p>
',
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			'created' => '2016-08-08',
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			'keywords' => '',
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			'sortorder' => '3978',
			'image' => '20160808035301_champion.jpg',
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		'Article' => array(
			'id' => '4144',
			'article_category_id' => '1',
			'title' => 'Unilever Re-opens with 3 Points Agreement',
			'sub_title' => '',
			'summary' => 'August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.',
			'content' => '<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.</p>

<p style="text-align: justify;">A meeting was held at the District Administration Office on Sunday between the workers, management, labour office and local political leaders which led to agreement between the two parties.&nbsp; According to the agreement, the factory management has agreed to reinstate seven workers who were suspended earlier. &ldquo;Moreover, further decision about providing a &lsquo;residential fund &lsquo;to the workers will be soon solved within one month,&rdquo; said Nawaraj Aryal, President of Makwanpur Industry Association.</p>

<p style="text-align: justify;">The meeting was attended by Rajkumar Neupane, President of Makwanpur Chamber of Commerce and Industry, Nawaraj Aryal, Makwanpur Industries Association. Similarly, &nbsp;Abhijeet Mukhopadhyaya, Manager of Unilever Industry, Sumit Dhar, HR Manager of Unilever Industry, Shyam Shrestha, Hetauda Labor Office Chief were also presented in the meeting. Likewise, &nbsp;Trade Union representatives Lal Krishna Pyakurel, Jayram Dhital and Janga Bahadur Bika also participated the meeting.</p>

<p style="text-align: justify;">&ldquo;The strike ended with an agreement that the workers won&rsquo;t be allowed to strike for next two years,&rdquo; said President Aryal.</p>

<p style="text-align: justify;">Earlier, the management informed about the industrial closure through a notice on Sunday morning. According to Mukhopadhyaya, it will take some time for resuming the factory to normal operation. &ldquo; We expect a direction from the headquarter by this Thursday,&rdquo; he said.</p>

<p style="text-align: justify;">The workers had been holding the strike since last 28 days blaming the management of breaking the three point agreement which had taken place on May 29.</p>

<p style="text-align: justify;">The management of Unilever said the company has to face a loss of Rs five million in one day closure. Established in 1993, the factory produces products like shampoo, soap, toothpaste, surf. It has provided employment to round 208 workers. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '3977',
			'image' => '20160808034704_uniliver.jpg',
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		'Article' => array(
			'id' => '4143',
			'article_category_id' => '1',
			'title' => '9th Malaysia Education Fair From August 12',
			'sub_title' => '',
			'summary' => 'August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.  The education fair is sch',
			'content' => '<p style="text-align:justify">August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.&nbsp; The education fair is scheduled to be inaugurated by Ahammad Fadil Mohammad Ismail, Malaysia&#39;s &lsquo;Charge d&rsquo;affair&rsquo; for Nepal.</p>

<p style="text-align:justify">The education fair that is going to be organised under the support of Malaysian Embassy has aimed to provide information about Malaysian education system to Nepali students.&nbsp; Umesh Adhikari, the Managing Director of Study Plus Pvt Ltd said that the representatives from Malaysian universities will be participating in the education fair. &quot;Nepali students can directly interact with them and get informed about the education system and services available to them,&quot; he added.</p>

<p style="text-align:justify">As a scheme, the student will get scholarship and discounts up to 50 percent if they participate in the education fair. &quot;The students will be provided information about the education and skill development system in Malaysia through the seminar that will be held during the education fair,&quot; says Adhikari.&nbsp; According to him, around 2,000 students had participated in the education fair last year. Organiser expects that more than 2000 visitors will be visiting the education fair.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3976',
			'image' => '20160808033002_maly.jpg',
			'article_date' => '2016-08-08 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '4142',
			'article_category_id' => '1',
			'title' => 'Take Economic Development of the Nation Seriously: CNI',
			'sub_title' => 'CNI Delegation Meets PM and Finance Minister',
			'summary' => 'August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake f',
			'content' => '<p style="text-align: justify;">August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake followed by border blockade and Terai unrest.</p>

<p style="text-align: justify;">The group of entrepreneurs under the leadership of Hari Bhakta Sharma, President of CNI informed PM about the present economic condition of Nepal in his official residence at Baluwatar. In the meeting, CNI suggested the government to increase capital expenditure, invest in infrastructures and minimize business losses in order to achieve the target of 6.5 percent economic growth rate for the current FY. Similarly, the confederation suggested the government to prioritise to increase employment opportunities and construction and renovation in 14 districts affected by the earthquake. Speaking in the meeting, PM Dahal said that the policy of coordinating with the private sector will be continued for economic reform of the country.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/FM.jpg" style="height:346px; width:625px" /></p>

<p style="text-align: justify;">The delegates of CNI also held the meeting with Krishna Bahadur Mahara, the newly elected Finance Minister in his office. The confederation urged Mahara to remove the obstacles such as minimum capital expenditure, high inflation level, business losses, low economic growth rate for smooth development of the nation.</p>

<p style="text-align: justify;">In the meeting, President Sharma urged Mahara to endorse all types of rules and regulations related to industrial and commercial sectors. Sharma also pointed out the requirements of formulating acts such as anti dumping and countervailing. According to Mahara, there is need of increment in gross savings to create investment friendly environment in the country. Issuing a press statement, &nbsp;the confederation informed that the government has committed to collaborate with private sector in order to build a prosperous nation. &nbsp;</p>
',
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			'sortorder' => '3975',
			'image' => '20160808012653_PM.jpg',
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			'id' => '4141',
			'article_category_id' => '1',
			'title' => 'Shangri-La Devt Bank Provides Training to Employees',
			'sub_title' => '',
			'summary' => 'August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the cap',
			'content' => '<p style="text-align: justify;">August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the capital. Issuing a press statement, the bank informed of conducting interaction program regarding annual review of FY 2072/73 and upcoming strategies.</p>

<p style="text-align: justify;">In the program, Rajendra Prasad Poudel, CEO of the bank informed about the scenario of the bank till date and upcoming strategies and policies. The bank informed that it has collected deposits of Rs 10.36 billion and extended loan of Rs 9.10 billion in last FY. The bank earned operating profit of Rs 340.40 million during review period. &nbsp;Currently, the bank is providing its services through 31 branches and 12 ATM counter to its customers across the country. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3974',
			'image' => '20160808125456_sangrila.jpg',
			'article_date' => '2016-08-08 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '4140',
			'article_category_id' => '1',
			'title' => 'NTC Losses Millions in 2 Days due to Recharge Problem',
			'sub_title' => '',
			'summary' => 'August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their ',
			'content' => '<p>August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their phones. Currently NTC sells the recharge cards of Rs 50, 100, 200, 500 and 1000. Basing on the Rs 100 to the average daily recharge, recharge of Rs 140 millions could not be made in these two days time.</p>

<p>According to Sub-Spokesperson of NTC Dilli Prasad Adhikari, users recharge their phones with NT recharge card at the average of 700,000 times a day. According to the telecommunication company, the problem has been solved after 3 PM on Sunday. However, due to the high pressure on system resulted by two days halt users were not able to recharge easily till the evening on Sunday. &ldquo;The recharge system will start to become normal from Monday (August 8),&rdquo; informed Adhikari.</p>

<p>NTC users recharge their phones at an average of Rs 250 per person per month. As per this statistic, the company earns Rs 16.66 per user in one day. This clearly shows that, NTC has lost the income of Rs 23.324 million from its 1.4 million subscribers in two day.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3973',
			'image' => '20160808111630_ntc.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '4139',
			'article_category_id' => '1',
			'title' => 'SC Quashes Pandey’s Writ Petition ',
			'sub_title' => '',
			'summary' => 'August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. ',
			'content' => '<p>August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. Pandey and Upendra Keshari Poudel, former Chief Currency Officer of Nepal Rastra Bank (NRB) jointly filed a writ on Mangsir 2071 asking for the court&rsquo;s order to stop the handover of bank details to Australian Federal Police (AFP) on the polymer note scandal. Citing a large scale corruption on the printing of polymer notes, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels earlier. &nbsp;&nbsp;Issuing an order, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada stated that it is appropriate for Nepal to provide such information and details to Australia fulfilling the obligations of United Nations Convention Against Corruption, 2003 along with other international conventions for the prevention of organised crime as both countries are signatories of the convention. The Supreme Court in its order further stated that handover of such details do not violate the writ petitioner&rsquo;s right to privacy and other rights guaranteed by the constitution. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. The alleged former Australian officials of the NPA are facing court cases at present. The Australian government had asked for the bank account details of the involved Nepalis in this regard.&nbsp;</p>

<p>Earlier, Kathmandu District Court had approved to handover the bank account details to the Australian Government. Following the approval, NRB issued a circular asking all banks to provide bank details of all the alleged individuals. After which, Pandey and Poudel jointly filed the writ against the District Court&rsquo;s decision in the Supreme Court. The Supreme Court had initially ordered not to implement the district court&rsquo;s decision for the time being. The writ applicants had mentioned that their bank account details are confidential matters claiming that handover of such details to another country would violate their fundamental rights.</p>

<p>As per the Supreme Court&rsquo;s latest decision, the confidentiality of bank account details is not absolute but is subjected to regulation through legal processes and does not contradict Section 79 of Bank and Financial Institution Act, 2063. &nbsp;The Court also concluded that Nepal should send the requested assistance due to the diplomatic relations of Australia with Nepal.</p>

<p>Meanwhile, experts believe that the decision will have long lasting significance as the issue is related with money laundering. According to the lawyers well known to the matter,the&nbsp;issue is not only related to&nbsp;Australia. As the high&nbsp;government officials of Nepal have taken bribes through&nbsp;Nepali citizens, Nepal should conduct the separate investigation on the matter, they say. Commission for the investigation of Abuse of Authority (CIAA) had already taken clarifications from the related individuals on the matter. However, CIAA stopped the investigation citing the issue was pending in the court. With the Supreme Court&rsquo;s latest decision, CIAA and other investigation department related with corruption are opened to investigate the further on the issue.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3972',
			'image' => '20160808103151_pandey.jpg',
			'article_date' => '2016-08-07 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '4138',
			'article_category_id' => '1',
			'title' => 'Importance of Combined Effort for Qualitative Construction',
			'sub_title' => '',
			'summary' => 'August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. ',
			'content' => '<p style="text-align: justify;">August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. &nbsp;&nbsp;The discussion program was participated by Secretary of Nepal Government and officials of Federation of Contractors Association of Nepal. During the program, participants had committed to provide possible effort from their sides for qualitative constructions.</p>

<p style="text-align: justify;">The participants assured of not undertaking any agreement that will negatively affect the quality of the constructions.&nbsp; During the interaction, contractors raised various issues including impact of earthquake and blockade on construction industry, increase in physical attack incidents on entrepreneurs, shortage of construction equipment and non implementation of committed task by the government.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3971',
			'image' => '20160807045107_cons.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '4137',
			'article_category_id' => '1',
			'title' => 'FNCCI Urged PM Dahal to Make Investment Friendly Environment',
			'sub_title' => '',
			'summary' => 'August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and busin',
			'content' => '<p style="text-align: justify;">August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and business sectors of the country. During the meeting held at official residence of the Prime Minister at Baluwatar on August 6, the delegation led by FNCCI President Pashupati Murarka expressed the belief that PM Dahal&rsquo;s term would be successful and industry-friendly.</p>

<p style="text-align: justify;">In the meeting, Vice President of FNCCI, Kishor Pradhan and Shekhar Golchha, Executive Committee Member Chandra Prasad Dhakal, Ashok Kumar Todi, Jyotsana Shrestha, and Vijay Kumar Temani and Bijay Shingh Baidhya, Chairman of Birgunj Chamber of Commerce and Industry Pradeep Kedia, and Director General of the FNCCI Mina Shrestha were present.</p>

<p style="text-align: justify;">During the meeting President Murarka urged to thrive industry business sector and to create a new investment-friendly environment inside the country. He suggested that the new government should give high priority towards amendment, mobilization and passing the necessary policies demanded by private sectors. President Murarka, on the occasion said that the private sectors are being discouraged as the industrial business sector is being influenced by various problems.</p>

<p style="text-align: justify;">President Murarka also requested PM Dahal to solve the problems raised by private sectors as they will make contribution to economical development, employment generation, revenue and prosper industrial/business sector in the country. On the occasion, Murarka said that private sector is ready to collaborate with the government. He also committed to provide full support to the new government in order to bring the economic development.</p>

<p style="text-align: justify;">On the occasion, PM Dahal said that the government in collaboration with the private sector is willing to move forward. &nbsp;He also stressed that the private sector should be clear for the qualitative progress in the economical sector.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3970',
			'image' => '20160807035139_pm.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '4136',
			'article_category_id' => '1',
			'title' => 'Business Incubation Seminar Concludes',
			'sub_title' => '',
			'summary' => 'August 7: Nepal Entrepreneurs’ Hub (NEHUB) has organised the 10th edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5th Au',
			'content' => '<p style="text-align: justify;">August 7: Nepal Entrepreneurs&rsquo; Hub (NEHUB) has organised the 10<sup>th</sup> edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5<sup>th</sup> August. Dwayne Canfield, Strategic Business Development Manager of Intel Corporation was the key note speaker for the event. The seminar focused on incubation of new businesses to be done internally and to apply it to startups and growing companies. &ldquo;No matter what problem a country face, entrepreneurship is the best way to find the solution. As the world&rsquo;s focus on Nepal is giving money and supporting new ideas, empowering entrepreneurship is a much better way to create future for the country,&rdquo; said Canfield.</p>

<p style="text-align: justify;">&ldquo;There are lots of good ideas in Nepal with which you can create an innovative business. The startups need not to be something representing the global scenario but it just has to solve the problems of the people here,&rdquo; he added. &nbsp;</p>

<p style="text-align: justify;">NEHUB hosts regular talks and meetups with international experts and investors who share their personal and technical experiences. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3969',
			'image' => '20160807032130_fncci.jpg',
			'article_date' => '2016-08-07 00:00:00',
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		'Article' => array(
			'id' => '4135',
			'article_category_id' => '1',
			'title' => 'Investors Blamed Regulatory Body for Share Market Decline',
			'sub_title' => '',
			'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier.  According to the officials of Share Investors Association of Nepal, the h',
			'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. &nbsp;According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p>

<p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p>

<p style="text-align:justify">&ldquo;SEBON is trying to discourage the genuinely increasing share market,&rdquo; said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3968',
			'image' => '20160807030921_sebon final.jpg',
			'article_date' => '2016-08-07 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '4134',
			'article_category_id' => '1',
			'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad',
			'sub_title' => '',
			'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.',
			'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal&rsquo;s Rio Olympics 2016 squad which is being held at Brazil.</p>

<p style="text-align: justify;">&ldquo;Team Nepal&rsquo;s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,&rdquo; reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. &nbsp;&nbsp;</p>

<p style="text-align: justify;">&ldquo;We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,&rdquo; said Pawana Shrestha, General Manager of Etihad Airways Nepal. &ldquo;Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,&rdquo; he added.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3967',
			'image' => '20160807011353_rop.jpg',
			'article_date' => '2016-08-07 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '4133',
			'article_category_id' => '1',
			'title' => 'ADB Reappoints Nakao as President',
			'sub_title' => '',
			'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.',
			'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao&rsquo;s new tenure will start from November 24.</p>

<p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. &ldquo;He was the sole nominee after ADB&rsquo;s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization&rsquo;s presidency,&rdquo; said the bank in a press statment.</p>

<p style="text-align: justify;">&ldquo;It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,&rdquo; said President Nakao. &ldquo;I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,&rdquo; he added.</p>

<p style="text-align: justify;">According to the bank, during Nakao&rsquo;s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. &ldquo;Last year, ADB&rsquo;s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB&rsquo;s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,&rdquo; reads the statement.</p>
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	(int) 0 => array(
		'Article' => array(
			'id' => '4147',
			'article_category_id' => '1',
			'title' => 'Agreement on Joint Investment in Jewellery Industry',
			'sub_title' => '',
			'summary' => 'August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) Ind',
			'content' => '<p style="text-align: justify;">August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) India has made an agreement regarding joint investment of technology and capital for the promotion of Nepali jewellery industry. FNGSGJA and GJEPC India have agreed to coordinate and make a joint investment in &ldquo;Jewellery Promotion Zone&rdquo; establishment. &nbsp;They also have agreed to request the government body to provide necessary assistance on promotion of Jewellery industry including exploring, excavating and processing of raw materials like gems and stones.</p>

<p style="text-align: justify;">Furthermore, they have agreed to conduct international level conference at Kathmandu in the near future in order to promote Nepali Jewellery Industry. They will also conduct training on designing modern jewellery targeting the international market. High level council delegates will visit Nepal regarding the preparation for the implementation of the agreement.</p>

<p style="text-align: justify;">The agreement was done in a meeting held in between the delegates led by Ramesh Maharjan, President of the Federation who participated in India International Jewellery show 2016 and Prabin Shankar Pandey President of the council and other officials of the council. &nbsp;The delegates representing the Federation included Bidhya Sagar Tamrakar President of Nepal Rocks and Minerals Association, Kishan Sunar, Executive Member of FNGSGJA along with other gems and Jewellery entrepreneurs.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
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			'sortorder' => '3980',
			'image' => '20160808050124_jewel.jpg',
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		'Article' => array(
			'id' => '4146',
			'article_category_id' => '1',
			'title' => 'Arun Valley to Issue FPO',
			'sub_title' => '',
			'summary' => 'August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Pub',
			'content' => '<p style="text-align: justify;">August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Public Offering (FPO) at the premium rate in the upcoming AGM to be held on September 2.</p>

<p style="text-align: justify;">Similarly, the BOD will be presenting the proposal of issuing 10 percent bonus share and distributing 0.526 percent cash dividend for tax purpose.</p>

<p style="text-align: justify;">Once the proposal gets approved by the AGM, the dividend will be distributed to the shareholders. As per the information provided by the company, the company is issuing the FPO in a bid to increase investment in existing projects of the company.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3979',
			'image' => '20160808040540_ARUN VASLLEY.JPG',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '4145',
			'article_category_id' => '1',
			'title' => 'Sipradi Champions Meet',
			'sub_title' => '',
			'summary' => 'August 8: Sipradi Auto Parts has completed ‘Champion Meet-2016’ in Kathmandu.  The company organised the meet as a part of its annual program b',
			'content' => '<p style="text-align: justify;">August 8: Sipradi Auto Parts has completed &lsquo;Champion Meet-2016&rsquo; in Kathmandu.&nbsp; The company organised the meet as a part of its annual program by inviting its retail distributors from across the country. &nbsp;On the occasion, Rajesh Prasad Giri, Vice-Chairman of the Sipradi Auto Parts highlighted the future projects and plans of the company.</p>

<p style="text-align: justify;">Similarly, visiting representative of Tata Motors India Avinas Kumar Gupta spoke about the future strategies of Tata Motors in Nepal in the same program. In the program, Yuvraj Budhathoki, Chief Operator of the Sipradi Auto Parts informed about the current strategy and future work-plans on behalf of the company.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3978',
			'image' => '20160808035301_champion.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '4144',
			'article_category_id' => '1',
			'title' => 'Unilever Re-opens with 3 Points Agreement',
			'sub_title' => '',
			'summary' => 'August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.',
			'content' => '<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.</p>

<p style="text-align: justify;">A meeting was held at the District Administration Office on Sunday between the workers, management, labour office and local political leaders which led to agreement between the two parties.&nbsp; According to the agreement, the factory management has agreed to reinstate seven workers who were suspended earlier. &ldquo;Moreover, further decision about providing a &lsquo;residential fund &lsquo;to the workers will be soon solved within one month,&rdquo; said Nawaraj Aryal, President of Makwanpur Industry Association.</p>

<p style="text-align: justify;">The meeting was attended by Rajkumar Neupane, President of Makwanpur Chamber of Commerce and Industry, Nawaraj Aryal, Makwanpur Industries Association. Similarly, &nbsp;Abhijeet Mukhopadhyaya, Manager of Unilever Industry, Sumit Dhar, HR Manager of Unilever Industry, Shyam Shrestha, Hetauda Labor Office Chief were also presented in the meeting. Likewise, &nbsp;Trade Union representatives Lal Krishna Pyakurel, Jayram Dhital and Janga Bahadur Bika also participated the meeting.</p>

<p style="text-align: justify;">&ldquo;The strike ended with an agreement that the workers won&rsquo;t be allowed to strike for next two years,&rdquo; said President Aryal.</p>

<p style="text-align: justify;">Earlier, the management informed about the industrial closure through a notice on Sunday morning. According to Mukhopadhyaya, it will take some time for resuming the factory to normal operation. &ldquo; We expect a direction from the headquarter by this Thursday,&rdquo; he said.</p>

<p style="text-align: justify;">The workers had been holding the strike since last 28 days blaming the management of breaking the three point agreement which had taken place on May 29.</p>

<p style="text-align: justify;">The management of Unilever said the company has to face a loss of Rs five million in one day closure. Established in 1993, the factory produces products like shampoo, soap, toothpaste, surf. It has provided employment to round 208 workers. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3977',
			'image' => '20160808034704_uniliver.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '4143',
			'article_category_id' => '1',
			'title' => '9th Malaysia Education Fair From August 12',
			'sub_title' => '',
			'summary' => 'August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.  The education fair is sch',
			'content' => '<p style="text-align:justify">August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.&nbsp; The education fair is scheduled to be inaugurated by Ahammad Fadil Mohammad Ismail, Malaysia&#39;s &lsquo;Charge d&rsquo;affair&rsquo; for Nepal.</p>

<p style="text-align:justify">The education fair that is going to be organised under the support of Malaysian Embassy has aimed to provide information about Malaysian education system to Nepali students.&nbsp; Umesh Adhikari, the Managing Director of Study Plus Pvt Ltd said that the representatives from Malaysian universities will be participating in the education fair. &quot;Nepali students can directly interact with them and get informed about the education system and services available to them,&quot; he added.</p>

<p style="text-align:justify">As a scheme, the student will get scholarship and discounts up to 50 percent if they participate in the education fair. &quot;The students will be provided information about the education and skill development system in Malaysia through the seminar that will be held during the education fair,&quot; says Adhikari.&nbsp; According to him, around 2,000 students had participated in the education fair last year. Organiser expects that more than 2000 visitors will be visiting the education fair.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3976',
			'image' => '20160808033002_maly.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '4142',
			'article_category_id' => '1',
			'title' => 'Take Economic Development of the Nation Seriously: CNI',
			'sub_title' => 'CNI Delegation Meets PM and Finance Minister',
			'summary' => 'August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake f',
			'content' => '<p style="text-align: justify;">August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake followed by border blockade and Terai unrest.</p>

<p style="text-align: justify;">The group of entrepreneurs under the leadership of Hari Bhakta Sharma, President of CNI informed PM about the present economic condition of Nepal in his official residence at Baluwatar. In the meeting, CNI suggested the government to increase capital expenditure, invest in infrastructures and minimize business losses in order to achieve the target of 6.5 percent economic growth rate for the current FY. Similarly, the confederation suggested the government to prioritise to increase employment opportunities and construction and renovation in 14 districts affected by the earthquake. Speaking in the meeting, PM Dahal said that the policy of coordinating with the private sector will be continued for economic reform of the country.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/FM.jpg" style="height:346px; width:625px" /></p>

<p style="text-align: justify;">The delegates of CNI also held the meeting with Krishna Bahadur Mahara, the newly elected Finance Minister in his office. The confederation urged Mahara to remove the obstacles such as minimum capital expenditure, high inflation level, business losses, low economic growth rate for smooth development of the nation.</p>

<p style="text-align: justify;">In the meeting, President Sharma urged Mahara to endorse all types of rules and regulations related to industrial and commercial sectors. Sharma also pointed out the requirements of formulating acts such as anti dumping and countervailing. According to Mahara, there is need of increment in gross savings to create investment friendly environment in the country. Issuing a press statement, &nbsp;the confederation informed that the government has committed to collaborate with private sector in order to build a prosperous nation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3975',
			'image' => '20160808012653_PM.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '4141',
			'article_category_id' => '1',
			'title' => 'Shangri-La Devt Bank Provides Training to Employees',
			'sub_title' => '',
			'summary' => 'August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the cap',
			'content' => '<p style="text-align: justify;">August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the capital. Issuing a press statement, the bank informed of conducting interaction program regarding annual review of FY 2072/73 and upcoming strategies.</p>

<p style="text-align: justify;">In the program, Rajendra Prasad Poudel, CEO of the bank informed about the scenario of the bank till date and upcoming strategies and policies. The bank informed that it has collected deposits of Rs 10.36 billion and extended loan of Rs 9.10 billion in last FY. The bank earned operating profit of Rs 340.40 million during review period. &nbsp;Currently, the bank is providing its services through 31 branches and 12 ATM counter to its customers across the country. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3974',
			'image' => '20160808125456_sangrila.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '4140',
			'article_category_id' => '1',
			'title' => 'NTC Losses Millions in 2 Days due to Recharge Problem',
			'sub_title' => '',
			'summary' => 'August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their ',
			'content' => '<p>August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their phones. Currently NTC sells the recharge cards of Rs 50, 100, 200, 500 and 1000. Basing on the Rs 100 to the average daily recharge, recharge of Rs 140 millions could not be made in these two days time.</p>

<p>According to Sub-Spokesperson of NTC Dilli Prasad Adhikari, users recharge their phones with NT recharge card at the average of 700,000 times a day. According to the telecommunication company, the problem has been solved after 3 PM on Sunday. However, due to the high pressure on system resulted by two days halt users were not able to recharge easily till the evening on Sunday. &ldquo;The recharge system will start to become normal from Monday (August 8),&rdquo; informed Adhikari.</p>

<p>NTC users recharge their phones at an average of Rs 250 per person per month. As per this statistic, the company earns Rs 16.66 per user in one day. This clearly shows that, NTC has lost the income of Rs 23.324 million from its 1.4 million subscribers in two day.</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3973',
			'image' => '20160808111630_ntc.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '4139',
			'article_category_id' => '1',
			'title' => 'SC Quashes Pandey’s Writ Petition ',
			'sub_title' => '',
			'summary' => 'August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. ',
			'content' => '<p>August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. Pandey and Upendra Keshari Poudel, former Chief Currency Officer of Nepal Rastra Bank (NRB) jointly filed a writ on Mangsir 2071 asking for the court&rsquo;s order to stop the handover of bank details to Australian Federal Police (AFP) on the polymer note scandal. Citing a large scale corruption on the printing of polymer notes, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels earlier. &nbsp;&nbsp;Issuing an order, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada stated that it is appropriate for Nepal to provide such information and details to Australia fulfilling the obligations of United Nations Convention Against Corruption, 2003 along with other international conventions for the prevention of organised crime as both countries are signatories of the convention. The Supreme Court in its order further stated that handover of such details do not violate the writ petitioner&rsquo;s right to privacy and other rights guaranteed by the constitution. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. The alleged former Australian officials of the NPA are facing court cases at present. The Australian government had asked for the bank account details of the involved Nepalis in this regard.&nbsp;</p>

<p>Earlier, Kathmandu District Court had approved to handover the bank account details to the Australian Government. Following the approval, NRB issued a circular asking all banks to provide bank details of all the alleged individuals. After which, Pandey and Poudel jointly filed the writ against the District Court&rsquo;s decision in the Supreme Court. The Supreme Court had initially ordered not to implement the district court&rsquo;s decision for the time being. The writ applicants had mentioned that their bank account details are confidential matters claiming that handover of such details to another country would violate their fundamental rights.</p>

<p>As per the Supreme Court&rsquo;s latest decision, the confidentiality of bank account details is not absolute but is subjected to regulation through legal processes and does not contradict Section 79 of Bank and Financial Institution Act, 2063. &nbsp;The Court also concluded that Nepal should send the requested assistance due to the diplomatic relations of Australia with Nepal.</p>

<p>Meanwhile, experts believe that the decision will have long lasting significance as the issue is related with money laundering. According to the lawyers well known to the matter,the&nbsp;issue is not only related to&nbsp;Australia. As the high&nbsp;government officials of Nepal have taken bribes through&nbsp;Nepali citizens, Nepal should conduct the separate investigation on the matter, they say. Commission for the investigation of Abuse of Authority (CIAA) had already taken clarifications from the related individuals on the matter. However, CIAA stopped the investigation citing the issue was pending in the court. With the Supreme Court&rsquo;s latest decision, CIAA and other investigation department related with corruption are opened to investigate the further on the issue.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3972',
			'image' => '20160808103151_pandey.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4138',
			'article_category_id' => '1',
			'title' => 'Importance of Combined Effort for Qualitative Construction',
			'sub_title' => '',
			'summary' => 'August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. ',
			'content' => '<p style="text-align: justify;">August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. &nbsp;&nbsp;The discussion program was participated by Secretary of Nepal Government and officials of Federation of Contractors Association of Nepal. During the program, participants had committed to provide possible effort from their sides for qualitative constructions.</p>

<p style="text-align: justify;">The participants assured of not undertaking any agreement that will negatively affect the quality of the constructions.&nbsp; During the interaction, contractors raised various issues including impact of earthquake and blockade on construction industry, increase in physical attack incidents on entrepreneurs, shortage of construction equipment and non implementation of committed task by the government.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3971',
			'image' => '20160807045107_cons.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4137',
			'article_category_id' => '1',
			'title' => 'FNCCI Urged PM Dahal to Make Investment Friendly Environment',
			'sub_title' => '',
			'summary' => 'August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and busin',
			'content' => '<p style="text-align: justify;">August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and business sectors of the country. During the meeting held at official residence of the Prime Minister at Baluwatar on August 6, the delegation led by FNCCI President Pashupati Murarka expressed the belief that PM Dahal&rsquo;s term would be successful and industry-friendly.</p>

<p style="text-align: justify;">In the meeting, Vice President of FNCCI, Kishor Pradhan and Shekhar Golchha, Executive Committee Member Chandra Prasad Dhakal, Ashok Kumar Todi, Jyotsana Shrestha, and Vijay Kumar Temani and Bijay Shingh Baidhya, Chairman of Birgunj Chamber of Commerce and Industry Pradeep Kedia, and Director General of the FNCCI Mina Shrestha were present.</p>

<p style="text-align: justify;">During the meeting President Murarka urged to thrive industry business sector and to create a new investment-friendly environment inside the country. He suggested that the new government should give high priority towards amendment, mobilization and passing the necessary policies demanded by private sectors. President Murarka, on the occasion said that the private sectors are being discouraged as the industrial business sector is being influenced by various problems.</p>

<p style="text-align: justify;">President Murarka also requested PM Dahal to solve the problems raised by private sectors as they will make contribution to economical development, employment generation, revenue and prosper industrial/business sector in the country. On the occasion, Murarka said that private sector is ready to collaborate with the government. He also committed to provide full support to the new government in order to bring the economic development.</p>

<p style="text-align: justify;">On the occasion, PM Dahal said that the government in collaboration with the private sector is willing to move forward. &nbsp;He also stressed that the private sector should be clear for the qualitative progress in the economical sector.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3970',
			'image' => '20160807035139_pm.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4136',
			'article_category_id' => '1',
			'title' => 'Business Incubation Seminar Concludes',
			'sub_title' => '',
			'summary' => 'August 7: Nepal Entrepreneurs’ Hub (NEHUB) has organised the 10th edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5th Au',
			'content' => '<p style="text-align: justify;">August 7: Nepal Entrepreneurs&rsquo; Hub (NEHUB) has organised the 10<sup>th</sup> edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5<sup>th</sup> August. Dwayne Canfield, Strategic Business Development Manager of Intel Corporation was the key note speaker for the event. The seminar focused on incubation of new businesses to be done internally and to apply it to startups and growing companies. &ldquo;No matter what problem a country face, entrepreneurship is the best way to find the solution. As the world&rsquo;s focus on Nepal is giving money and supporting new ideas, empowering entrepreneurship is a much better way to create future for the country,&rdquo; said Canfield.</p>

<p style="text-align: justify;">&ldquo;There are lots of good ideas in Nepal with which you can create an innovative business. The startups need not to be something representing the global scenario but it just has to solve the problems of the people here,&rdquo; he added. &nbsp;</p>

<p style="text-align: justify;">NEHUB hosts regular talks and meetups with international experts and investors who share their personal and technical experiences. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3969',
			'image' => '20160807032130_fncci.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4135',
			'article_category_id' => '1',
			'title' => 'Investors Blamed Regulatory Body for Share Market Decline',
			'sub_title' => '',
			'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier.  According to the officials of Share Investors Association of Nepal, the h',
			'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. &nbsp;According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p>

<p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p>

<p style="text-align:justify">&ldquo;SEBON is trying to discourage the genuinely increasing share market,&rdquo; said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3968',
			'image' => '20160807030921_sebon final.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4134',
			'article_category_id' => '1',
			'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad',
			'sub_title' => '',
			'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.',
			'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal&rsquo;s Rio Olympics 2016 squad which is being held at Brazil.</p>

<p style="text-align: justify;">&ldquo;Team Nepal&rsquo;s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,&rdquo; reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. &nbsp;&nbsp;</p>

<p style="text-align: justify;">&ldquo;We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,&rdquo; said Pawana Shrestha, General Manager of Etihad Airways Nepal. &ldquo;Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,&rdquo; he added.</p>
',
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			'created' => '2016-08-07',
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			'id' => '4133',
			'article_category_id' => '1',
			'title' => 'ADB Reappoints Nakao as President',
			'sub_title' => '',
			'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.',
			'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao&rsquo;s new tenure will start from November 24.</p>

<p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. &ldquo;He was the sole nominee after ADB&rsquo;s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization&rsquo;s presidency,&rdquo; said the bank in a press statment.</p>

<p style="text-align: justify;">&ldquo;It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,&rdquo; said President Nakao. &ldquo;I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,&rdquo; he added.</p>

<p style="text-align: justify;">According to the bank, during Nakao&rsquo;s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. &ldquo;Last year, ADB&rsquo;s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB&rsquo;s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,&rdquo; reads the statement.</p>
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View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '4147',
			'article_category_id' => '1',
			'title' => 'Agreement on Joint Investment in Jewellery Industry',
			'sub_title' => '',
			'summary' => 'August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) Ind',
			'content' => '<p style="text-align: justify;">August 8: Federation of Nepal Gold Silver Gem and Jewellery Association (FNGSGJA) and Gem and Jewellery Expert Promotion Council (GJEPC) India has made an agreement regarding joint investment of technology and capital for the promotion of Nepali jewellery industry. FNGSGJA and GJEPC India have agreed to coordinate and make a joint investment in &ldquo;Jewellery Promotion Zone&rdquo; establishment. &nbsp;They also have agreed to request the government body to provide necessary assistance on promotion of Jewellery industry including exploring, excavating and processing of raw materials like gems and stones.</p>

<p style="text-align: justify;">Furthermore, they have agreed to conduct international level conference at Kathmandu in the near future in order to promote Nepali Jewellery Industry. They will also conduct training on designing modern jewellery targeting the international market. High level council delegates will visit Nepal regarding the preparation for the implementation of the agreement.</p>

<p style="text-align: justify;">The agreement was done in a meeting held in between the delegates led by Ramesh Maharjan, President of the Federation who participated in India International Jewellery show 2016 and Prabin Shankar Pandey President of the council and other officials of the council. &nbsp;The delegates representing the Federation included Bidhya Sagar Tamrakar President of Nepal Rocks and Minerals Association, Kishan Sunar, Executive Member of FNGSGJA along with other gems and Jewellery entrepreneurs.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3980',
			'image' => '20160808050124_jewel.jpg',
			'article_date' => '2016-08-08 00:00:00',
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			'id' => '4146',
			'article_category_id' => '1',
			'title' => 'Arun Valley to Issue FPO',
			'sub_title' => '',
			'summary' => 'August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Pub',
			'content' => '<p style="text-align: justify;">August 8: The Board of Directors (BOD) of Arun Valley Hydropower Development Company will be presenting a proposal for issuing 3,157,883 units of Further Public Offering (FPO) at the premium rate in the upcoming AGM to be held on September 2.</p>

<p style="text-align: justify;">Similarly, the BOD will be presenting the proposal of issuing 10 percent bonus share and distributing 0.526 percent cash dividend for tax purpose.</p>

<p style="text-align: justify;">Once the proposal gets approved by the AGM, the dividend will be distributed to the shareholders. As per the information provided by the company, the company is issuing the FPO in a bid to increase investment in existing projects of the company.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3979',
			'image' => '20160808040540_ARUN VASLLEY.JPG',
			'article_date' => '2016-08-08 00:00:00',
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		'Article' => array(
			'id' => '4145',
			'article_category_id' => '1',
			'title' => 'Sipradi Champions Meet',
			'sub_title' => '',
			'summary' => 'August 8: Sipradi Auto Parts has completed ‘Champion Meet-2016’ in Kathmandu.  The company organised the meet as a part of its annual program b',
			'content' => '<p style="text-align: justify;">August 8: Sipradi Auto Parts has completed &lsquo;Champion Meet-2016&rsquo; in Kathmandu.&nbsp; The company organised the meet as a part of its annual program by inviting its retail distributors from across the country. &nbsp;On the occasion, Rajesh Prasad Giri, Vice-Chairman of the Sipradi Auto Parts highlighted the future projects and plans of the company.</p>

<p style="text-align: justify;">Similarly, visiting representative of Tata Motors India Avinas Kumar Gupta spoke about the future strategies of Tata Motors in Nepal in the same program. In the program, Yuvraj Budhathoki, Chief Operator of the Sipradi Auto Parts informed about the current strategy and future work-plans on behalf of the company.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3978',
			'image' => '20160808035301_champion.jpg',
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	(int) 3 => array(
		'Article' => array(
			'id' => '4144',
			'article_category_id' => '1',
			'title' => 'Unilever Re-opens with 3 Points Agreement',
			'sub_title' => '',
			'summary' => 'August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.',
			'content' => '<p style="text-align: justify;">&nbsp;</p>

<p style="text-align: justify;">August 8: The indefinite closure of Unilever Nepal Limited has ended with a three point agreement between the workers and management of the company.</p>

<p style="text-align: justify;">A meeting was held at the District Administration Office on Sunday between the workers, management, labour office and local political leaders which led to agreement between the two parties.&nbsp; According to the agreement, the factory management has agreed to reinstate seven workers who were suspended earlier. &ldquo;Moreover, further decision about providing a &lsquo;residential fund &lsquo;to the workers will be soon solved within one month,&rdquo; said Nawaraj Aryal, President of Makwanpur Industry Association.</p>

<p style="text-align: justify;">The meeting was attended by Rajkumar Neupane, President of Makwanpur Chamber of Commerce and Industry, Nawaraj Aryal, Makwanpur Industries Association. Similarly, &nbsp;Abhijeet Mukhopadhyaya, Manager of Unilever Industry, Sumit Dhar, HR Manager of Unilever Industry, Shyam Shrestha, Hetauda Labor Office Chief were also presented in the meeting. Likewise, &nbsp;Trade Union representatives Lal Krishna Pyakurel, Jayram Dhital and Janga Bahadur Bika also participated the meeting.</p>

<p style="text-align: justify;">&ldquo;The strike ended with an agreement that the workers won&rsquo;t be allowed to strike for next two years,&rdquo; said President Aryal.</p>

<p style="text-align: justify;">Earlier, the management informed about the industrial closure through a notice on Sunday morning. According to Mukhopadhyaya, it will take some time for resuming the factory to normal operation. &ldquo; We expect a direction from the headquarter by this Thursday,&rdquo; he said.</p>

<p style="text-align: justify;">The workers had been holding the strike since last 28 days blaming the management of breaking the three point agreement which had taken place on May 29.</p>

<p style="text-align: justify;">The management of Unilever said the company has to face a loss of Rs five million in one day closure. Established in 1993, the factory produces products like shampoo, soap, toothpaste, surf. It has provided employment to round 208 workers. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3977',
			'image' => '20160808034704_uniliver.jpg',
			'article_date' => '2016-08-08 00:00:00',
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		'Article' => array(
			'id' => '4143',
			'article_category_id' => '1',
			'title' => '9th Malaysia Education Fair From August 12',
			'sub_title' => '',
			'summary' => 'August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.  The education fair is sch',
			'content' => '<p style="text-align:justify">August 8: The 9th Malaysia education fair will be held from August 12 targeting those students who are interested to study in different colleges of Malaysia. The fair is being organized by Study Plus Pvt Ltd for two days in Hotel Annapurna located in Durbar Marg, Kathmandu.&nbsp; The education fair is scheduled to be inaugurated by Ahammad Fadil Mohammad Ismail, Malaysia&#39;s &lsquo;Charge d&rsquo;affair&rsquo; for Nepal.</p>

<p style="text-align:justify">The education fair that is going to be organised under the support of Malaysian Embassy has aimed to provide information about Malaysian education system to Nepali students.&nbsp; Umesh Adhikari, the Managing Director of Study Plus Pvt Ltd said that the representatives from Malaysian universities will be participating in the education fair. &quot;Nepali students can directly interact with them and get informed about the education system and services available to them,&quot; he added.</p>

<p style="text-align:justify">As a scheme, the student will get scholarship and discounts up to 50 percent if they participate in the education fair. &quot;The students will be provided information about the education and skill development system in Malaysia through the seminar that will be held during the education fair,&quot; says Adhikari.&nbsp; According to him, around 2,000 students had participated in the education fair last year. Organiser expects that more than 2000 visitors will be visiting the education fair.</p>
',
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			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3976',
			'image' => '20160808033002_maly.jpg',
			'article_date' => '2016-08-08 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '4142',
			'article_category_id' => '1',
			'title' => 'Take Economic Development of the Nation Seriously: CNI',
			'sub_title' => 'CNI Delegation Meets PM and Finance Minister',
			'summary' => 'August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake f',
			'content' => '<p style="text-align: justify;">August 8: The delegations of Confederation of Nepali Industries (CNI) had a meeting with the newly elected Prime Minister Pushpa Kamal Dahal on August 7. The delegates of CNI urged PM to take economic development of the nation seriously which has badly affected by the devastating earthquake followed by border blockade and Terai unrest.</p>

<p style="text-align: justify;">The group of entrepreneurs under the leadership of Hari Bhakta Sharma, President of CNI informed PM about the present economic condition of Nepal in his official residence at Baluwatar. In the meeting, CNI suggested the government to increase capital expenditure, invest in infrastructures and minimize business losses in order to achieve the target of 6.5 percent economic growth rate for the current FY. Similarly, the confederation suggested the government to prioritise to increase employment opportunities and construction and renovation in 14 districts affected by the earthquake. Speaking in the meeting, PM Dahal said that the policy of coordinating with the private sector will be continued for economic reform of the country.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/FM.jpg" style="height:346px; width:625px" /></p>

<p style="text-align: justify;">The delegates of CNI also held the meeting with Krishna Bahadur Mahara, the newly elected Finance Minister in his office. The confederation urged Mahara to remove the obstacles such as minimum capital expenditure, high inflation level, business losses, low economic growth rate for smooth development of the nation.</p>

<p style="text-align: justify;">In the meeting, President Sharma urged Mahara to endorse all types of rules and regulations related to industrial and commercial sectors. Sharma also pointed out the requirements of formulating acts such as anti dumping and countervailing. According to Mahara, there is need of increment in gross savings to create investment friendly environment in the country. Issuing a press statement, &nbsp;the confederation informed that the government has committed to collaborate with private sector in order to build a prosperous nation. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3975',
			'image' => '20160808012653_PM.jpg',
			'article_date' => '2016-08-08 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '4141',
			'article_category_id' => '1',
			'title' => 'Shangri-La Devt Bank Provides Training to Employees',
			'sub_title' => '',
			'summary' => 'August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the cap',
			'content' => '<p style="text-align: justify;">August 8: Shangri-la Development bank has organised training and interaction program for its regional and branch managers and department heads in the capital. Issuing a press statement, the bank informed of conducting interaction program regarding annual review of FY 2072/73 and upcoming strategies.</p>

<p style="text-align: justify;">In the program, Rajendra Prasad Poudel, CEO of the bank informed about the scenario of the bank till date and upcoming strategies and policies. The bank informed that it has collected deposits of Rs 10.36 billion and extended loan of Rs 9.10 billion in last FY. The bank earned operating profit of Rs 340.40 million during review period. &nbsp;Currently, the bank is providing its services through 31 branches and 12 ATM counter to its customers across the country. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-08',
			'modified' => '2016-08-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3974',
			'image' => '20160808125456_sangrila.jpg',
			'article_date' => '2016-08-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '4140',
			'article_category_id' => '1',
			'title' => 'NTC Losses Millions in 2 Days due to Recharge Problem',
			'sub_title' => '',
			'summary' => 'August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their ',
			'content' => '<p>August 8: Nepal Telecommunication Company (NTC) has occurred millions of rupees losses due to the problem in recharge system in the past two days. The recharge problem began from Saturday (August 6) morning. On Saturday and Sunday, 200,000 NTC users had faced problems recharging their phones. Currently NTC sells the recharge cards of Rs 50, 100, 200, 500 and 1000. Basing on the Rs 100 to the average daily recharge, recharge of Rs 140 millions could not be made in these two days time.</p>

<p>According to Sub-Spokesperson of NTC Dilli Prasad Adhikari, users recharge their phones with NT recharge card at the average of 700,000 times a day. According to the telecommunication company, the problem has been solved after 3 PM on Sunday. However, due to the high pressure on system resulted by two days halt users were not able to recharge easily till the evening on Sunday. &ldquo;The recharge system will start to become normal from Monday (August 8),&rdquo; informed Adhikari.</p>

<p>NTC users recharge their phones at an average of Rs 250 per person per month. As per this statistic, the company earns Rs 16.66 per user in one day. This clearly shows that, NTC has lost the income of Rs 23.324 million from its 1.4 million subscribers in two day.</p>
',
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			'modified' => '2016-08-08',
			'keywords' => '',
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			'sortorder' => '3973',
			'image' => '20160808111630_ntc.jpg',
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	(int) 8 => array(
		'Article' => array(
			'id' => '4139',
			'article_category_id' => '1',
			'title' => 'SC Quashes Pandey’s Writ Petition ',
			'sub_title' => '',
			'summary' => 'August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. ',
			'content' => '<p>August 7: The Supreme Court today has dismissed the writ petition of Nepal Investment Bank Limited Chairman Prithivi Bahadur Pandey. Pandey and Upendra Keshari Poudel, former Chief Currency Officer of Nepal Rastra Bank (NRB) jointly filed a writ on Mangsir 2071 asking for the court&rsquo;s order to stop the handover of bank details to Australian Federal Police (AFP) on the polymer note scandal. Citing a large scale corruption on the printing of polymer notes, the Australian government had requested the Government of Nepal to provide bank details and other related information of those involved through diplomatic channels earlier. &nbsp;&nbsp;Issuing an order, the joint bench of Chief Justice Sushila Karki and Justice Ishwor Khatiwada stated that it is appropriate for Nepal to provide such information and details to Australia fulfilling the obligations of United Nations Convention Against Corruption, 2003 along with other international conventions for the prevention of organised crime as both countries are signatories of the convention. The Supreme Court in its order further stated that handover of such details do not violate the writ petitioner&rsquo;s right to privacy and other rights guaranteed by the constitution. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>As per the investigation of the AFP, Note Printing Australia (NPA) through its agents Prithivi Bahadur Pandey and his brother Himalaya Pandey bribed high officials of NRB in order to get the contract of printing of Rs 10 polymer notes. The alleged former Australian officials of the NPA are facing court cases at present. The Australian government had asked for the bank account details of the involved Nepalis in this regard.&nbsp;</p>

<p>Earlier, Kathmandu District Court had approved to handover the bank account details to the Australian Government. Following the approval, NRB issued a circular asking all banks to provide bank details of all the alleged individuals. After which, Pandey and Poudel jointly filed the writ against the District Court&rsquo;s decision in the Supreme Court. The Supreme Court had initially ordered not to implement the district court&rsquo;s decision for the time being. The writ applicants had mentioned that their bank account details are confidential matters claiming that handover of such details to another country would violate their fundamental rights.</p>

<p>As per the Supreme Court&rsquo;s latest decision, the confidentiality of bank account details is not absolute but is subjected to regulation through legal processes and does not contradict Section 79 of Bank and Financial Institution Act, 2063. &nbsp;The Court also concluded that Nepal should send the requested assistance due to the diplomatic relations of Australia with Nepal.</p>

<p>Meanwhile, experts believe that the decision will have long lasting significance as the issue is related with money laundering. According to the lawyers well known to the matter,the&nbsp;issue is not only related to&nbsp;Australia. As the high&nbsp;government officials of Nepal have taken bribes through&nbsp;Nepali citizens, Nepal should conduct the separate investigation on the matter, they say. Commission for the investigation of Abuse of Authority (CIAA) had already taken clarifications from the related individuals on the matter. However, CIAA stopped the investigation citing the issue was pending in the court. With the Supreme Court&rsquo;s latest decision, CIAA and other investigation department related with corruption are opened to investigate the further on the issue.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-08-07',
			'modified' => '2016-12-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3972',
			'image' => '20160808103151_pandey.jpg',
			'article_date' => '2016-08-07 00:00:00',
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '4138',
			'article_category_id' => '1',
			'title' => 'Importance of Combined Effort for Qualitative Construction',
			'sub_title' => '',
			'summary' => 'August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. ',
			'content' => '<p style="text-align: justify;">August 7: A discussion program on increasing quality of constructions was conducted in the Development Committee under the parliament on August 5. &nbsp;&nbsp;The discussion program was participated by Secretary of Nepal Government and officials of Federation of Contractors Association of Nepal. During the program, participants had committed to provide possible effort from their sides for qualitative constructions.</p>

<p style="text-align: justify;">The participants assured of not undertaking any agreement that will negatively affect the quality of the constructions.&nbsp; During the interaction, contractors raised various issues including impact of earthquake and blockade on construction industry, increase in physical attack incidents on entrepreneurs, shortage of construction equipment and non implementation of committed task by the government.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3971',
			'image' => '20160807045107_cons.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '4137',
			'article_category_id' => '1',
			'title' => 'FNCCI Urged PM Dahal to Make Investment Friendly Environment',
			'sub_title' => '',
			'summary' => 'August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and busin',
			'content' => '<p style="text-align: justify;">August 7: Delegations of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) had a meeting with Prime Minister Pushpa Kamal Dahal. In a meeting, delegates of FNCCI had briefed Prime Minister Pushpa Kamal Dahal about the problems and challenges of industry and business sectors of the country. During the meeting held at official residence of the Prime Minister at Baluwatar on August 6, the delegation led by FNCCI President Pashupati Murarka expressed the belief that PM Dahal&rsquo;s term would be successful and industry-friendly.</p>

<p style="text-align: justify;">In the meeting, Vice President of FNCCI, Kishor Pradhan and Shekhar Golchha, Executive Committee Member Chandra Prasad Dhakal, Ashok Kumar Todi, Jyotsana Shrestha, and Vijay Kumar Temani and Bijay Shingh Baidhya, Chairman of Birgunj Chamber of Commerce and Industry Pradeep Kedia, and Director General of the FNCCI Mina Shrestha were present.</p>

<p style="text-align: justify;">During the meeting President Murarka urged to thrive industry business sector and to create a new investment-friendly environment inside the country. He suggested that the new government should give high priority towards amendment, mobilization and passing the necessary policies demanded by private sectors. President Murarka, on the occasion said that the private sectors are being discouraged as the industrial business sector is being influenced by various problems.</p>

<p style="text-align: justify;">President Murarka also requested PM Dahal to solve the problems raised by private sectors as they will make contribution to economical development, employment generation, revenue and prosper industrial/business sector in the country. On the occasion, Murarka said that private sector is ready to collaborate with the government. He also committed to provide full support to the new government in order to bring the economic development.</p>

<p style="text-align: justify;">On the occasion, PM Dahal said that the government in collaboration with the private sector is willing to move forward. &nbsp;He also stressed that the private sector should be clear for the qualitative progress in the economical sector.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3970',
			'image' => '20160807035139_pm.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '4136',
			'article_category_id' => '1',
			'title' => 'Business Incubation Seminar Concludes',
			'sub_title' => '',
			'summary' => 'August 7: Nepal Entrepreneurs’ Hub (NEHUB) has organised the 10th edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5th Au',
			'content' => '<p style="text-align: justify;">August 7: Nepal Entrepreneurs&rsquo; Hub (NEHUB) has organised the 10<sup>th</sup> edition of Spark Talk and Meetups. The program was held at FNCCI hall on 5<sup>th</sup> August. Dwayne Canfield, Strategic Business Development Manager of Intel Corporation was the key note speaker for the event. The seminar focused on incubation of new businesses to be done internally and to apply it to startups and growing companies. &ldquo;No matter what problem a country face, entrepreneurship is the best way to find the solution. As the world&rsquo;s focus on Nepal is giving money and supporting new ideas, empowering entrepreneurship is a much better way to create future for the country,&rdquo; said Canfield.</p>

<p style="text-align: justify;">&ldquo;There are lots of good ideas in Nepal with which you can create an innovative business. The startups need not to be something representing the global scenario but it just has to solve the problems of the people here,&rdquo; he added. &nbsp;</p>

<p style="text-align: justify;">NEHUB hosts regular talks and meetups with international experts and investors who share their personal and technical experiences. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3969',
			'image' => '20160807032130_fncci.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '4135',
			'article_category_id' => '1',
			'title' => 'Investors Blamed Regulatory Body for Share Market Decline',
			'sub_title' => '',
			'summary' => 'August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier.  According to the officials of Share Investors Association of Nepal, the h',
			'content' => '<p style="text-align:justify">August 7: Investors have blamed regulatory body for the recent decline in the share market. They have scrapped the rumor that the change in government has caused the share market decline which was in bullish trend earlier. &nbsp;According to the officials of Share Investors Association of Nepal, the haphazard remarks made by responsible officials of SEBON on various Media. Previously, the SEBON officials said that the share market will decrease or the present growth is unusual.</p>

<p style="text-align:justify">NEPSE which had reached the highest point of more than 1800 points with daily record break transactions has been decreasing since past few days. According to the Association, SEBON Chairman had urged the share investors to be aware to invest in share few days earlier. The association has also blamed that the SEBON has discouraged the investors saying NEPSE indicator that reached more than 1800 could fall as low as 600 points amid a program on August 6 in Kathmandu.</p>

<p style="text-align:justify">&ldquo;SEBON is trying to discourage the genuinely increasing share market,&rdquo; said Uttam Aryal, Chairman of Adhoc Committee of Share Investors Association of Nepal. According to him, NEPSE and SEBON are the regulatory bodies and they should solve the irregularities in the field but not discourage the investors.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3968',
			'image' => '20160807030921_sebon final.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '4134',
			'article_category_id' => '1',
			'title' => 'Etihad Airways Gives Warm Send Off to Team Nepal’s Olympic squad',
			'sub_title' => '',
			'summary' => 'August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal’s Rio Olympics 2016 squad which is being held at Brazil.',
			'content' => '<p style="text-align: justify;">August 7: Etihad Airways has given a warm send off to the officials and members of team Nepal&rsquo;s Rio Olympics 2016 squad which is being held at Brazil.</p>

<p style="text-align: justify;">&ldquo;Team Nepal&rsquo;s Olympic squad flew with the award-winning airline from Kathmandu to South America for the two-week sporting,&rdquo; reads the statement forwarded by the company. Travelers at Tribhuvan International Airport (TIA) got an opportunity to mingle with the sportsmen and women and signed a large best wishes card before departing. &nbsp;&nbsp;</p>

<p style="text-align: justify;">&ldquo;We are extremely proud to have teamed up with the Nepal Olympic Committee to fly officials and competing athletes to the Rio Olympics for what promises to be a great sporting event,&rdquo; said Pawana Shrestha, General Manager of Etihad Airways Nepal. &ldquo;Etihad Airways wishes Team Nepal the best of luck and looks forward to flying back our sporting heroes with winning medals and give Nepal a great lift,&rdquo; he added.</p>
',
			'published' => true,
			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3967',
			'image' => '20160807011353_rop.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '4133',
			'article_category_id' => '1',
			'title' => 'ADB Reappoints Nakao as President',
			'sub_title' => '',
			'summary' => 'August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao’s new tenure will start from November 24.',
			'content' => '<p style="text-align: justify;">August 7: The Asian Development Bank (ADB) Board of Governors has unanimously reelected Takehiko Nakao as President of ADB for a further 5 years. Nakao&rsquo;s new tenure will start from November 24.</p>

<p style="text-align: justify;">Nakao was first elected as President by the Board of Governors on 28 April 2013 to serve the 3 and a half years remaining of the term of his predecessor, Haruhiko Kuroda. Nakao is the ninth President of ADB. &ldquo;He was the sole nominee after ADB&rsquo;s Governors were invited from 31 May to 30 June 2016 to make nominations for the organization&rsquo;s presidency,&rdquo; said the bank in a press statment.</p>

<p style="text-align: justify;">&ldquo;It is a great honor to receive the mandate of ADB members to serve as President of the ADB for another 5 years,&rdquo; said President Nakao. &ldquo;I will devote myself to continuing to lead ADB to an even more elevated standing as the primary development institution in the region that helps achieve inclusive and sustainable development in Asia and the Pacific,&rdquo; he added.</p>

<p style="text-align: justify;">According to the bank, during Nakao&rsquo;s first term, ADB has realigned its strategic priorities through the Midterm Review of Strategy 2020. It has increased lending capacity from USD 13 billion in 2014 to USD 20 billion by 2020 through the merger of Asian Development Fund operations with the Ordinary Capital Resources balance sheet. The scaling up of its operations has already made good progress. &ldquo;Last year, ADB&rsquo;s loan and grant approvals reached a record USD 16.3 billion, including private sector operations of USD 2.6 billion, which is also a record high. ADB&rsquo;s Board of Governors in May approved a replenishment of the Asian Development Fund of USD 3.8 billion,&rdquo; reads the statement.</p>
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			'created' => '2016-08-07',
			'modified' => '2016-08-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3966',
			'image' => '20160807010706_presi.jpg',
			'article_date' => '2016-08-07 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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