July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their…
July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days.…
July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction…
July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have…
July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in…
July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press…
July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers…
Watch video of NewBiz Cover Design Award…
July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned…
July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72. The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made…
July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main…
July 21: Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press…
July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko…
July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region.…
July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based…
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Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings', 'content' => '<p style="text-align:justify">July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings.</p> <p style="text-align:justify">The support which was initiated as a part of Ncell’s corporate social responsibility has been provided to 75 households of Eladi, Dipka and Thuladi villages of Syanga district.</p> <p style="text-align:justify">Ncell has helped each village to install a Hydraulic Ram Pump and develop water distribution channels and tap stands to provide water directly to the whole village. The local residents used to face problems including high dependency on subsistence agriculture, poor nutrition and sanitation due to the lack of a reliable water source. With the help of Ncell, the locals are now producing fruits and vegetables in the villages as well.</p> <p style="text-align:justify">According to Milan Sharma, corporate communication expert of Ncell, the local residents have been provided trainings for commercial farming and micro-enterprises. He said “The company has managed the channels to supply the agricultural products to the market. The project aims to demonstrate how new technology can be adopted in sustainable way for poverty reduction."</p> <p style="text-align:justify">"The project is based on unique technology. The remote monitoring system using SIM metering technology has been implemented in order to measure the distribution of water for domestic and irrigation needs. The use of SIM card enables communities to maintain data of water supply and consumption at their end," he added.</p> <p style="text-align:justify"> </p> <p style="text-align:justify">“In a bid to make the project sustainable, a village based organisation has been established in each village based on community. As well as, community members are given training on operation and maintenance of Hydram technology”, said Baburam Paudel, senior technical manager of Renewable World, the project implementing partner.</p> <p style="text-align:justify"><br /> Ncell had launched the initiative in 2014 under the Water for Agricultural Livelihood Project in collaboration with Renewable World. The technical partners of the project are Centre for Rural Technology and Andhikhola Community Development Centre.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ncell%201.jpg" style="height:239px; width:500px" /> <img alt="" src="/userfiles/images/ncell%202%281%29.jpg" style="height:239px; width:200px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3859', 'image' => '20160722034608_ncell.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4025', 'article_category_id' => '1', 'title' => 'Broker Commission to Decrease from July 24', 'sub_title' => '', 'summary' => 'July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. ', 'content' => '<p>July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. On Thursday, the transaction decreased by 30 percent than Wednesday dropping from Rs 2.12 billion to 1.48 billion. The share transaction had amounted more than Rs 2.14 billion on Tuesday.</p> <p>Following the delay in implementing the decision on commission of brokers that was announced Wednesday, the share transaction lowered on Thursday. “Investors were reluctant to buy share on Thursday,” said Anjan Raj Poudyal, immediate past president of Stock Brokers Association of Nepal. According to him, the delay has affected the transaction as investors want to buy the shares in minimum possible prices. He added that the strictness imposed by current monetary policy on share evaluation has affected the investors who invest taking loan in share collateral which has been reflected in the market.</p> <p>According to SEBON’s Executive Director Niraj Giri, investors might be holding back their investments with ‘wait and see’ policy as waiting few time will allow them to evaluate final financial reports of listed companies of last fiscal year and expecting the decrease in commission of brokers. Listed companies have already started to publish the final reports of the last FY. “In the other hand, investors might be confused about investing in the market during the period of instability,” added Giri.</p> <p>Although the Ministry of Finance had decided to decrease the broker commission averaging 40 percent, SEBON has forwarded circulars to implement the policy from Sunday, 24 July. According to Poudyal, brokers are ready to implement the directive from regulatory authority from Sunday onwards. We are engaged in the preparation and will start to work from that day by working even on Saturday,” added Poudyal.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3858', 'image' => '20160722012308_Commissions-Copy.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4024', 'article_category_id' => '1', 'title' => 'Government Terminates Petroleum Product Supply Decision', 'sub_title' => 'Private sector’s wait continue', 'summary' => 'July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (re', 'content' => '<p style="text-align: justify;">July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (regulatory) order, 2069. Meeting of Petroleum and Gas Transaction Management and Regulatory Committee formed under Petroleum and Gas Transaction (regulatory) order had given permission to 9 different private companies on July 5 for the constructions of first phase infrastructure required for long term fuel supply and trading.</p> <p style="text-align: justify;">The companies those got the permission were Birat Petroleum, Sonapur Mineral and Oil, Himalayan Enterprises, Trans Himalayan, Petrolimax, BB Petroleum, National Petroleum, Malika Petroleum and Abhinas Energy. Among them, Abhinas Energy got approval for gas trading only and Malika Petroleum and Petrolimax got approval for both petroleum and gas. More than 14 companies had applied for permission of petroleum trading.</p> <p style="text-align: justify;">“Private sector will be allowed to carry out long term fuel trading only after formulating petroleum law,” said Ananda Ram Regmi, Spokesperson of Supply Ministry. For that matter, Ministry is preparing Petroleum and Gas trading Bill-2073 at present. “Preparation for formulation of the Petroleum Act has already been started. Now, the issue of petroleum trading will take a lead only after implementation of Petroleum Act,” he added.</p> <p style="text-align: justify;">Meanwhile, traders has criticised the government’s move and blamed the government of discouraging them. Deepak Timilshina, Chairman of Malika Petroleum said “The government decision is disappointing as the plan, detail design, land acquisition and contractor had already been finalised for infrastructure construction. Work had been conducted in order to conclude the construction within next 6/7 months. The cabinet’s decision has pushed the investment of the company to the edge.” According to him, Rs 1 billion has already been spent for infrastructure construction. The company had got permission for both petroleum and gas trading. He also informed of forwarding infrastructure construction at Birgunj, Biratnagar and Dhading.</p> <p style="text-align: justify;">Stakeholders believed that the permission granted to private sector for petroleum products trading would benefit consumers due to increase in competition. Presently, Nepal Oil Corporation is a sole supplier of petroleum products in Nepal. However, termination of the earlier decision indicates that the government does not want to end monopoly of the government owned NOC.</p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3857', 'image' => '20160722123541_mos.JPG', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4023', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Agreement between NIC Asia and Shikhar Insurance', 'sub_title' => '', 'summary' => 'July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have s', 'content' => '<p style="text-align: justify;">July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have signed the agreement paper on behalf of their respective companies on July 21.</p> <p style="text-align: justify;">Issuing a press statement, the bank informs that it aims to promote non-life insurance services to its new and old clients. In this regard, the bank has introduced two schemes including health insurance and secure mind insurance. Under the health insurance scheme, the customers can purchase personal and family health insurance packages. Similarly, the customers can secure the bank loans under secure mind scheme. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3856', 'image' => '20160722104016_nic.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4022', 'article_category_id' => '1', 'title' => 'SBI Bank Provides Scholarship to Students', 'sub_title' => '', 'summary' => 'July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in S', 'content' => '<p style="text-align:justify">July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in SLC batch of 2071 and 2072 under its corporate social responsibility.</p> <p style="text-align:justify">According to the bank, Suva Kanta Kanungo, COO of the bank and Priya Ranjan, CFO of the bank have handed over the cheque of Rs 11,000 as scholarship fund. The cheques were handed over to the students who got scholarship amid a program organised on July 20. The bank informed that the scholarship was granted to the students for their higher level of studies. The bank has been conducting such types of scholarship programs since seven years. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3855', 'image' => '20160722103121_sbi.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4021', 'article_category_id' => '1', 'title' => 'Remit Agreement between Citizens Bank and Boom Remittance', 'sub_title' => '', 'summary' => 'July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release', 'content' => '<p style="text-align: justify;">July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release jointly issued by the institutions says that after the agreement, money sent by Nepali people living abroad through Boom Remittance can be received from all the branches of the bank.</p> <p style="text-align: justify;">Citizens Bank has been providing remittance through all its branches by collaborating with different remittance companies in Nepal like Western Union, Money Gram, IME, Prabhu Money, Himal Remit. Similarly, the bank has also collaborated with City Express, Reliable Remit, JME, Nepal Remit, Easylink, Best Remit, Prithvi Express, Sansaara, Sewa Express, CG Money,and Ipay Reliable remit. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3854', 'image' => '20160721050337_citizen.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4020', 'article_category_id' => '1', 'title' => 'Prabhu Bank Introduces ‘InstaPay’ and ‘Reward Points’ Scheme', 'sub_title' => '', 'summary' => 'July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers ', 'content' => '<p style="text-align: justify;">July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers can use the scheme while buying jewelries and two-wheelers like motorcycle and scooter. The bank informs that the customers can make payment on monthly installments up to maximum of 18 months. Under the scheme, no interest charge will be levied however the customers need to pay designated service charge during the period. The customers willing to use the scheme have to request the bank within the 7 days of transaction specifying the number of installments he/she willing to pay. Based on the application, the bank will determine the monthly installment. </p> <p style="text-align: justify;">Similarly, under the ‘Reward Points’ scheme, the customer will get one point for purchasing goods worth Rs 200 through credit card. When the accumulated points reach 500 points in the process, the bank will deposit Rs 500 in the account of the customer. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3853', 'image' => '20160721045627_prabhu bank.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4019', 'article_category_id' => '1', 'title' => 'Video of NewBiz Cover Design Award 2016', 'sub_title' => '', 'summary' => 'Watch video of NewBiz Cover Design Award 2016', 'content' => '<p><iframe frameborder="0" height="480" src="https://www.youtube.com/embed/GNy95bcC6dY" width="640"></iframe></p> <p>Related:</p> <p><a href="http://newbusinessage.com/Articles/view/3891">Thompson Nepal Bags 2nd NewBiz Cover Design Award</a></p> <p><a href="http://newbusinessage.com/Articles/view/3893">Stakeholders Stress on Increasing Creativity Level in Nepali Advertisements</a></p> <p><a href="http://newbusinessage.com/Articles/view/3892">Creativity in Nepali Advertisements</a></p> <p> </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3852', 'image' => '20160721042609_award_video.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '4018', 'article_category_id' => '1', 'title' => 'COSMOS Devt Bank's Operating Profit Rs 24.2 Million', 'sub_title' => '', 'summary' => 'July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4', 'content' => '<p style="text-align:justify">July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4 million net profit after allocating funds for employee bonus and income tax. Speaking in a program organised on July 20, he said, "The net profit in the last FY has grown by 64 percent compared to the previous FY. The collection of deposit has increased by 38 percent and loan extension has increased by 37 percent. The bank will expand its paid-up capital issuing right shares in the ratio of 1:1 from July 26."</p> <p style="text-align:justify">The bank is providing various types of loan services including micro finance loan, trading loan, gold and silver loan and agricultural loan. Similarly, the bank also provides home loan, hire purchase loan, foreign employment loan and overdraft services.</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3851', 'image' => '20160721023651_cosmos.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4017', 'article_category_id' => '1', 'title' => 'NIC Asia's Profit Increased by Rs 390 Million', 'sub_title' => '', 'summary' => 'July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72. The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made si', 'content' => '<p style="text-align:justify">July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72.</p> <p style="text-align:justify">The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made significant increment in the collection of deposits and loan extension in the last FY. According to the bank, it has collected deposits of Rs 69.48 billion and extended loan of Rs 58.45 billion during the period</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3850', 'image' => '20160721014741_NIC.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4016', 'article_category_id' => '1', 'title' => 'New Branch of Kamana Devt Bank at Khairenitaar', 'sub_title' => '', 'summary' => 'July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpos', 'content' => '<p>July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpose of the extension of branch is to increase the access of finance among the people living in rural areas.</p> <p>Toyaraj Adhkari, CEO of the bank said that it has expanded its work area after receiving status of the national level development bank following the merger with the Kaski Finance.</p> <p>The Khairenitaar outlet is the 21<sup>st</sup> branch of the bank. The paid-up capital of the bank is Rs 660.16 million at present. In the FY 2072/73, the bank’s deposit totaled Rs 7 billion and extended Rs 6 billion in loans. Similarly, the bank logged Rs 270 million in operating profit during the period. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3849', 'image' => '20160721125428_kamana.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4015', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank Supports Cultural Event', 'sub_title' => '', 'summary' => 'July 21: Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement,', 'content' => '<p style="text-align: justify;">July 21:<strong> </strong>Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement, the bank said that it distributed the money as part of its CSR activity. The cash prize was distributed by Ishwar Shrestha, the bank’s Branch Manager of Rukum. As per the bank, it has collected deposit of Rs 10.86 billion and extended loans of Rs 8.76 billion in the fiscal year 2072/73. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3848', 'image' => '20160721125142_yeti.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4014', 'article_category_id' => '1', 'title' => '‘Ek Ghar Ek Khata’ Campaign of NMB Bank', 'sub_title' => '', 'summary' => 'July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saa', 'content' => '<p style="text-align: justify;">July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saath Maa NMB Bank’ campaign which the bank initiated in April promoting the country’s self-reliant economy. “This campaign will help to increase financial literacy, inculcate saving habit among Nepalis and encourage transactions through the financial system,” reads the release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3847', 'image' => '20160721124822_nmb.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4013', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank Logs Rs 100 million Profit', 'sub_title' => '', 'summary' => 'July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. ', 'content' => '<p>July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3846', 'image' => '20160721124622_kanchan.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4012', 'article_category_id' => '1', 'title' => 'Manaslu Devt Bank’s Profit Increase by 79 percent', 'sub_title' => '', 'summary' => 'July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based b', 'content' => '<p style="text-align: justify;">July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based bank informed that profit for the last FY has been logged at Rs 60.95 million against Rs 30.87 million in the previous FY.</p> <p style="text-align: justify;">As per the bank, deposits have increased by 58 per cent and extension of loans has risen by 47 per cent in the review period. During the period, the bank had zero non-performing loans. According to the bank, it has proceeded to issue rights share in the ratio 2:1 of the currently maintained paid-up capital.</p> <p style="text-align: justify;">Apart from the central office, the bank has been providing financial services from eight places including Arughat and Laxmibazar of Gorkha, Dumre of Tanahu, Turture bazaar, Abukhaireni, DuleGauda, Narayanghat of Chitwan and Parsa. “We will soon open new branches in Tandi of Chitwan and Damauli of Tanahun,” reads the press release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3845', 'image' => '20160721124443_manaslu.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4026', 'article_category_id' => '1', 'title' => 'Ncell Supports 3 Villages of Syangja', 'sub_title' => '', 'summary' => 'July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings', 'content' => '<p style="text-align:justify">July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings.</p> <p style="text-align:justify">The support which was initiated as a part of Ncell’s corporate social responsibility has been provided to 75 households of Eladi, Dipka and Thuladi villages of Syanga district.</p> <p style="text-align:justify">Ncell has helped each village to install a Hydraulic Ram Pump and develop water distribution channels and tap stands to provide water directly to the whole village. The local residents used to face problems including high dependency on subsistence agriculture, poor nutrition and sanitation due to the lack of a reliable water source. With the help of Ncell, the locals are now producing fruits and vegetables in the villages as well.</p> <p style="text-align:justify">According to Milan Sharma, corporate communication expert of Ncell, the local residents have been provided trainings for commercial farming and micro-enterprises. He said “The company has managed the channels to supply the agricultural products to the market. The project aims to demonstrate how new technology can be adopted in sustainable way for poverty reduction."</p> <p style="text-align:justify">"The project is based on unique technology. The remote monitoring system using SIM metering technology has been implemented in order to measure the distribution of water for domestic and irrigation needs. The use of SIM card enables communities to maintain data of water supply and consumption at their end," he added.</p> <p style="text-align:justify"> </p> <p style="text-align:justify">“In a bid to make the project sustainable, a village based organisation has been established in each village based on community. As well as, community members are given training on operation and maintenance of Hydram technology”, said Baburam Paudel, senior technical manager of Renewable World, the project implementing partner.</p> <p style="text-align:justify"><br /> Ncell had launched the initiative in 2014 under the Water for Agricultural Livelihood Project in collaboration with Renewable World. The technical partners of the project are Centre for Rural Technology and Andhikhola Community Development Centre.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ncell%201.jpg" style="height:239px; width:500px" /> <img alt="" src="/userfiles/images/ncell%202%281%29.jpg" style="height:239px; width:200px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3859', 'image' => '20160722034608_ncell.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4025', 'article_category_id' => '1', 'title' => 'Broker Commission to Decrease from July 24', 'sub_title' => '', 'summary' => 'July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. ', 'content' => '<p>July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. On Thursday, the transaction decreased by 30 percent than Wednesday dropping from Rs 2.12 billion to 1.48 billion. The share transaction had amounted more than Rs 2.14 billion on Tuesday.</p> <p>Following the delay in implementing the decision on commission of brokers that was announced Wednesday, the share transaction lowered on Thursday. “Investors were reluctant to buy share on Thursday,” said Anjan Raj Poudyal, immediate past president of Stock Brokers Association of Nepal. According to him, the delay has affected the transaction as investors want to buy the shares in minimum possible prices. He added that the strictness imposed by current monetary policy on share evaluation has affected the investors who invest taking loan in share collateral which has been reflected in the market.</p> <p>According to SEBON’s Executive Director Niraj Giri, investors might be holding back their investments with ‘wait and see’ policy as waiting few time will allow them to evaluate final financial reports of listed companies of last fiscal year and expecting the decrease in commission of brokers. Listed companies have already started to publish the final reports of the last FY. “In the other hand, investors might be confused about investing in the market during the period of instability,” added Giri.</p> <p>Although the Ministry of Finance had decided to decrease the broker commission averaging 40 percent, SEBON has forwarded circulars to implement the policy from Sunday, 24 July. According to Poudyal, brokers are ready to implement the directive from regulatory authority from Sunday onwards. We are engaged in the preparation and will start to work from that day by working even on Saturday,” added Poudyal.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3858', 'image' => '20160722012308_Commissions-Copy.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4024', 'article_category_id' => '1', 'title' => 'Government Terminates Petroleum Product Supply Decision', 'sub_title' => 'Private sector’s wait continue', 'summary' => 'July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (re', 'content' => '<p style="text-align: justify;">July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (regulatory) order, 2069. Meeting of Petroleum and Gas Transaction Management and Regulatory Committee formed under Petroleum and Gas Transaction (regulatory) order had given permission to 9 different private companies on July 5 for the constructions of first phase infrastructure required for long term fuel supply and trading.</p> <p style="text-align: justify;">The companies those got the permission were Birat Petroleum, Sonapur Mineral and Oil, Himalayan Enterprises, Trans Himalayan, Petrolimax, BB Petroleum, National Petroleum, Malika Petroleum and Abhinas Energy. Among them, Abhinas Energy got approval for gas trading only and Malika Petroleum and Petrolimax got approval for both petroleum and gas. More than 14 companies had applied for permission of petroleum trading.</p> <p style="text-align: justify;">“Private sector will be allowed to carry out long term fuel trading only after formulating petroleum law,” said Ananda Ram Regmi, Spokesperson of Supply Ministry. For that matter, Ministry is preparing Petroleum and Gas trading Bill-2073 at present. “Preparation for formulation of the Petroleum Act has already been started. Now, the issue of petroleum trading will take a lead only after implementation of Petroleum Act,” he added.</p> <p style="text-align: justify;">Meanwhile, traders has criticised the government’s move and blamed the government of discouraging them. Deepak Timilshina, Chairman of Malika Petroleum said “The government decision is disappointing as the plan, detail design, land acquisition and contractor had already been finalised for infrastructure construction. Work had been conducted in order to conclude the construction within next 6/7 months. The cabinet’s decision has pushed the investment of the company to the edge.” According to him, Rs 1 billion has already been spent for infrastructure construction. The company had got permission for both petroleum and gas trading. He also informed of forwarding infrastructure construction at Birgunj, Biratnagar and Dhading.</p> <p style="text-align: justify;">Stakeholders believed that the permission granted to private sector for petroleum products trading would benefit consumers due to increase in competition. Presently, Nepal Oil Corporation is a sole supplier of petroleum products in Nepal. However, termination of the earlier decision indicates that the government does not want to end monopoly of the government owned NOC.</p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3857', 'image' => '20160722123541_mos.JPG', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4023', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Agreement between NIC Asia and Shikhar Insurance', 'sub_title' => '', 'summary' => 'July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have s', 'content' => '<p style="text-align: justify;">July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have signed the agreement paper on behalf of their respective companies on July 21.</p> <p style="text-align: justify;">Issuing a press statement, the bank informs that it aims to promote non-life insurance services to its new and old clients. In this regard, the bank has introduced two schemes including health insurance and secure mind insurance. Under the health insurance scheme, the customers can purchase personal and family health insurance packages. Similarly, the customers can secure the bank loans under secure mind scheme. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3856', 'image' => '20160722104016_nic.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4022', 'article_category_id' => '1', 'title' => 'SBI Bank Provides Scholarship to Students', 'sub_title' => '', 'summary' => 'July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in S', 'content' => '<p style="text-align:justify">July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in SLC batch of 2071 and 2072 under its corporate social responsibility.</p> <p style="text-align:justify">According to the bank, Suva Kanta Kanungo, COO of the bank and Priya Ranjan, CFO of the bank have handed over the cheque of Rs 11,000 as scholarship fund. The cheques were handed over to the students who got scholarship amid a program organised on July 20. The bank informed that the scholarship was granted to the students for their higher level of studies. The bank has been conducting such types of scholarship programs since seven years. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3855', 'image' => '20160722103121_sbi.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4021', 'article_category_id' => '1', 'title' => 'Remit Agreement between Citizens Bank and Boom Remittance', 'sub_title' => '', 'summary' => 'July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release', 'content' => '<p style="text-align: justify;">July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release jointly issued by the institutions says that after the agreement, money sent by Nepali people living abroad through Boom Remittance can be received from all the branches of the bank.</p> <p style="text-align: justify;">Citizens Bank has been providing remittance through all its branches by collaborating with different remittance companies in Nepal like Western Union, Money Gram, IME, Prabhu Money, Himal Remit. Similarly, the bank has also collaborated with City Express, Reliable Remit, JME, Nepal Remit, Easylink, Best Remit, Prithvi Express, Sansaara, Sewa Express, CG Money,and Ipay Reliable remit. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3854', 'image' => '20160721050337_citizen.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4020', 'article_category_id' => '1', 'title' => 'Prabhu Bank Introduces ‘InstaPay’ and ‘Reward Points’ Scheme', 'sub_title' => '', 'summary' => 'July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers ', 'content' => '<p style="text-align: justify;">July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers can use the scheme while buying jewelries and two-wheelers like motorcycle and scooter. The bank informs that the customers can make payment on monthly installments up to maximum of 18 months. Under the scheme, no interest charge will be levied however the customers need to pay designated service charge during the period. The customers willing to use the scheme have to request the bank within the 7 days of transaction specifying the number of installments he/she willing to pay. Based on the application, the bank will determine the monthly installment. </p> <p style="text-align: justify;">Similarly, under the ‘Reward Points’ scheme, the customer will get one point for purchasing goods worth Rs 200 through credit card. When the accumulated points reach 500 points in the process, the bank will deposit Rs 500 in the account of the customer. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3853', 'image' => '20160721045627_prabhu bank.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4019', 'article_category_id' => '1', 'title' => 'Video of NewBiz Cover Design Award 2016', 'sub_title' => '', 'summary' => 'Watch video of NewBiz Cover Design Award 2016', 'content' => '<p><iframe frameborder="0" height="480" src="https://www.youtube.com/embed/GNy95bcC6dY" width="640"></iframe></p> <p>Related:</p> <p><a href="http://newbusinessage.com/Articles/view/3891">Thompson Nepal Bags 2nd NewBiz Cover Design Award</a></p> <p><a href="http://newbusinessage.com/Articles/view/3893">Stakeholders Stress on Increasing Creativity Level in Nepali Advertisements</a></p> <p><a href="http://newbusinessage.com/Articles/view/3892">Creativity in Nepali Advertisements</a></p> <p> </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3852', 'image' => '20160721042609_award_video.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '4018', 'article_category_id' => '1', 'title' => 'COSMOS Devt Bank's Operating Profit Rs 24.2 Million', 'sub_title' => '', 'summary' => 'July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4', 'content' => '<p style="text-align:justify">July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4 million net profit after allocating funds for employee bonus and income tax. Speaking in a program organised on July 20, he said, "The net profit in the last FY has grown by 64 percent compared to the previous FY. The collection of deposit has increased by 38 percent and loan extension has increased by 37 percent. The bank will expand its paid-up capital issuing right shares in the ratio of 1:1 from July 26."</p> <p style="text-align:justify">The bank is providing various types of loan services including micro finance loan, trading loan, gold and silver loan and agricultural loan. Similarly, the bank also provides home loan, hire purchase loan, foreign employment loan and overdraft services.</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3851', 'image' => '20160721023651_cosmos.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4017', 'article_category_id' => '1', 'title' => 'NIC Asia's Profit Increased by Rs 390 Million', 'sub_title' => '', 'summary' => 'July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72. The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made si', 'content' => '<p style="text-align:justify">July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72.</p> <p style="text-align:justify">The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made significant increment in the collection of deposits and loan extension in the last FY. According to the bank, it has collected deposits of Rs 69.48 billion and extended loan of Rs 58.45 billion during the period</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3850', 'image' => '20160721014741_NIC.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4016', 'article_category_id' => '1', 'title' => 'New Branch of Kamana Devt Bank at Khairenitaar', 'sub_title' => '', 'summary' => 'July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpos', 'content' => '<p>July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpose of the extension of branch is to increase the access of finance among the people living in rural areas.</p> <p>Toyaraj Adhkari, CEO of the bank said that it has expanded its work area after receiving status of the national level development bank following the merger with the Kaski Finance.</p> <p>The Khairenitaar outlet is the 21<sup>st</sup> branch of the bank. The paid-up capital of the bank is Rs 660.16 million at present. In the FY 2072/73, the bank’s deposit totaled Rs 7 billion and extended Rs 6 billion in loans. Similarly, the bank logged Rs 270 million in operating profit during the period. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3849', 'image' => '20160721125428_kamana.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4015', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank Supports Cultural Event', 'sub_title' => '', 'summary' => 'July 21: Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement,', 'content' => '<p style="text-align: justify;">July 21:<strong> </strong>Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement, the bank said that it distributed the money as part of its CSR activity. The cash prize was distributed by Ishwar Shrestha, the bank’s Branch Manager of Rukum. As per the bank, it has collected deposit of Rs 10.86 billion and extended loans of Rs 8.76 billion in the fiscal year 2072/73. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3848', 'image' => '20160721125142_yeti.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4014', 'article_category_id' => '1', 'title' => '‘Ek Ghar Ek Khata’ Campaign of NMB Bank', 'sub_title' => '', 'summary' => 'July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saa', 'content' => '<p style="text-align: justify;">July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saath Maa NMB Bank’ campaign which the bank initiated in April promoting the country’s self-reliant economy. “This campaign will help to increase financial literacy, inculcate saving habit among Nepalis and encourage transactions through the financial system,” reads the release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3847', 'image' => '20160721124822_nmb.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4013', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank Logs Rs 100 million Profit', 'sub_title' => '', 'summary' => 'July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. ', 'content' => '<p>July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3846', 'image' => '20160721124622_kanchan.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4012', 'article_category_id' => '1', 'title' => 'Manaslu Devt Bank’s Profit Increase by 79 percent', 'sub_title' => '', 'summary' => 'July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based b', 'content' => '<p style="text-align: justify;">July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based bank informed that profit for the last FY has been logged at Rs 60.95 million against Rs 30.87 million in the previous FY.</p> <p style="text-align: justify;">As per the bank, deposits have increased by 58 per cent and extension of loans has risen by 47 per cent in the review period. During the period, the bank had zero non-performing loans. According to the bank, it has proceeded to issue rights share in the ratio 2:1 of the currently maintained paid-up capital.</p> <p style="text-align: justify;">Apart from the central office, the bank has been providing financial services from eight places including Arughat and Laxmibazar of Gorkha, Dumre of Tanahu, Turture bazaar, Abukhaireni, DuleGauda, Narayanghat of Chitwan and Parsa. “We will soon open new branches in Tandi of Chitwan and Damauli of Tanahun,” reads the press release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3845', 'image' => '20160721124443_manaslu.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4026', 'article_category_id' => '1', 'title' => 'Ncell Supports 3 Villages of Syangja', 'sub_title' => '', 'summary' => 'July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings', 'content' => '<p style="text-align:justify">July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings.</p> <p style="text-align:justify">The support which was initiated as a part of Ncell’s corporate social responsibility has been provided to 75 households of Eladi, Dipka and Thuladi villages of Syanga district.</p> <p style="text-align:justify">Ncell has helped each village to install a Hydraulic Ram Pump and develop water distribution channels and tap stands to provide water directly to the whole village. The local residents used to face problems including high dependency on subsistence agriculture, poor nutrition and sanitation due to the lack of a reliable water source. With the help of Ncell, the locals are now producing fruits and vegetables in the villages as well.</p> <p style="text-align:justify">According to Milan Sharma, corporate communication expert of Ncell, the local residents have been provided trainings for commercial farming and micro-enterprises. He said “The company has managed the channels to supply the agricultural products to the market. The project aims to demonstrate how new technology can be adopted in sustainable way for poverty reduction."</p> <p style="text-align:justify">"The project is based on unique technology. The remote monitoring system using SIM metering technology has been implemented in order to measure the distribution of water for domestic and irrigation needs. The use of SIM card enables communities to maintain data of water supply and consumption at their end," he added.</p> <p style="text-align:justify"> </p> <p style="text-align:justify">“In a bid to make the project sustainable, a village based organisation has been established in each village based on community. As well as, community members are given training on operation and maintenance of Hydram technology”, said Baburam Paudel, senior technical manager of Renewable World, the project implementing partner.</p> <p style="text-align:justify"><br /> Ncell had launched the initiative in 2014 under the Water for Agricultural Livelihood Project in collaboration with Renewable World. The technical partners of the project are Centre for Rural Technology and Andhikhola Community Development Centre.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ncell%201.jpg" style="height:239px; width:500px" /> <img alt="" src="/userfiles/images/ncell%202%281%29.jpg" style="height:239px; width:200px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3859', 'image' => '20160722034608_ncell.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4025', 'article_category_id' => '1', 'title' => 'Broker Commission to Decrease from July 24', 'sub_title' => '', 'summary' => 'July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. ', 'content' => '<p>July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. On Thursday, the transaction decreased by 30 percent than Wednesday dropping from Rs 2.12 billion to 1.48 billion. The share transaction had amounted more than Rs 2.14 billion on Tuesday.</p> <p>Following the delay in implementing the decision on commission of brokers that was announced Wednesday, the share transaction lowered on Thursday. “Investors were reluctant to buy share on Thursday,” said Anjan Raj Poudyal, immediate past president of Stock Brokers Association of Nepal. According to him, the delay has affected the transaction as investors want to buy the shares in minimum possible prices. He added that the strictness imposed by current monetary policy on share evaluation has affected the investors who invest taking loan in share collateral which has been reflected in the market.</p> <p>According to SEBON’s Executive Director Niraj Giri, investors might be holding back their investments with ‘wait and see’ policy as waiting few time will allow them to evaluate final financial reports of listed companies of last fiscal year and expecting the decrease in commission of brokers. Listed companies have already started to publish the final reports of the last FY. “In the other hand, investors might be confused about investing in the market during the period of instability,” added Giri.</p> <p>Although the Ministry of Finance had decided to decrease the broker commission averaging 40 percent, SEBON has forwarded circulars to implement the policy from Sunday, 24 July. According to Poudyal, brokers are ready to implement the directive from regulatory authority from Sunday onwards. We are engaged in the preparation and will start to work from that day by working even on Saturday,” added Poudyal.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3858', 'image' => '20160722012308_Commissions-Copy.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4024', 'article_category_id' => '1', 'title' => 'Government Terminates Petroleum Product Supply Decision', 'sub_title' => 'Private sector’s wait continue', 'summary' => 'July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (re', 'content' => '<p style="text-align: justify;">July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (regulatory) order, 2069. Meeting of Petroleum and Gas Transaction Management and Regulatory Committee formed under Petroleum and Gas Transaction (regulatory) order had given permission to 9 different private companies on July 5 for the constructions of first phase infrastructure required for long term fuel supply and trading.</p> <p style="text-align: justify;">The companies those got the permission were Birat Petroleum, Sonapur Mineral and Oil, Himalayan Enterprises, Trans Himalayan, Petrolimax, BB Petroleum, National Petroleum, Malika Petroleum and Abhinas Energy. Among them, Abhinas Energy got approval for gas trading only and Malika Petroleum and Petrolimax got approval for both petroleum and gas. More than 14 companies had applied for permission of petroleum trading.</p> <p style="text-align: justify;">“Private sector will be allowed to carry out long term fuel trading only after formulating petroleum law,” said Ananda Ram Regmi, Spokesperson of Supply Ministry. For that matter, Ministry is preparing Petroleum and Gas trading Bill-2073 at present. “Preparation for formulation of the Petroleum Act has already been started. Now, the issue of petroleum trading will take a lead only after implementation of Petroleum Act,” he added.</p> <p style="text-align: justify;">Meanwhile, traders has criticised the government’s move and blamed the government of discouraging them. Deepak Timilshina, Chairman of Malika Petroleum said “The government decision is disappointing as the plan, detail design, land acquisition and contractor had already been finalised for infrastructure construction. Work had been conducted in order to conclude the construction within next 6/7 months. The cabinet’s decision has pushed the investment of the company to the edge.” According to him, Rs 1 billion has already been spent for infrastructure construction. The company had got permission for both petroleum and gas trading. He also informed of forwarding infrastructure construction at Birgunj, Biratnagar and Dhading.</p> <p style="text-align: justify;">Stakeholders believed that the permission granted to private sector for petroleum products trading would benefit consumers due to increase in competition. Presently, Nepal Oil Corporation is a sole supplier of petroleum products in Nepal. However, termination of the earlier decision indicates that the government does not want to end monopoly of the government owned NOC.</p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3857', 'image' => '20160722123541_mos.JPG', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4023', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Agreement between NIC Asia and Shikhar Insurance', 'sub_title' => '', 'summary' => 'July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have s', 'content' => '<p style="text-align: justify;">July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have signed the agreement paper on behalf of their respective companies on July 21.</p> <p style="text-align: justify;">Issuing a press statement, the bank informs that it aims to promote non-life insurance services to its new and old clients. In this regard, the bank has introduced two schemes including health insurance and secure mind insurance. Under the health insurance scheme, the customers can purchase personal and family health insurance packages. Similarly, the customers can secure the bank loans under secure mind scheme. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3856', 'image' => '20160722104016_nic.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4022', 'article_category_id' => '1', 'title' => 'SBI Bank Provides Scholarship to Students', 'sub_title' => '', 'summary' => 'July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in S', 'content' => '<p style="text-align:justify">July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in SLC batch of 2071 and 2072 under its corporate social responsibility.</p> <p style="text-align:justify">According to the bank, Suva Kanta Kanungo, COO of the bank and Priya Ranjan, CFO of the bank have handed over the cheque of Rs 11,000 as scholarship fund. The cheques were handed over to the students who got scholarship amid a program organised on July 20. The bank informed that the scholarship was granted to the students for their higher level of studies. The bank has been conducting such types of scholarship programs since seven years. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3855', 'image' => '20160722103121_sbi.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4021', 'article_category_id' => '1', 'title' => 'Remit Agreement between Citizens Bank and Boom Remittance', 'sub_title' => '', 'summary' => 'July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release', 'content' => '<p style="text-align: justify;">July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release jointly issued by the institutions says that after the agreement, money sent by Nepali people living abroad through Boom Remittance can be received from all the branches of the bank.</p> <p style="text-align: justify;">Citizens Bank has been providing remittance through all its branches by collaborating with different remittance companies in Nepal like Western Union, Money Gram, IME, Prabhu Money, Himal Remit. Similarly, the bank has also collaborated with City Express, Reliable Remit, JME, Nepal Remit, Easylink, Best Remit, Prithvi Express, Sansaara, Sewa Express, CG Money,and Ipay Reliable remit. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3854', 'image' => '20160721050337_citizen.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4020', 'article_category_id' => '1', 'title' => 'Prabhu Bank Introduces ‘InstaPay’ and ‘Reward Points’ Scheme', 'sub_title' => '', 'summary' => 'July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers ', 'content' => '<p style="text-align: justify;">July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers can use the scheme while buying jewelries and two-wheelers like motorcycle and scooter. The bank informs that the customers can make payment on monthly installments up to maximum of 18 months. Under the scheme, no interest charge will be levied however the customers need to pay designated service charge during the period. The customers willing to use the scheme have to request the bank within the 7 days of transaction specifying the number of installments he/she willing to pay. Based on the application, the bank will determine the monthly installment. </p> <p style="text-align: justify;">Similarly, under the ‘Reward Points’ scheme, the customer will get one point for purchasing goods worth Rs 200 through credit card. When the accumulated points reach 500 points in the process, the bank will deposit Rs 500 in the account of the customer. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3853', 'image' => '20160721045627_prabhu bank.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4019', 'article_category_id' => '1', 'title' => 'Video of NewBiz Cover Design Award 2016', 'sub_title' => '', 'summary' => 'Watch video of NewBiz Cover Design Award 2016', 'content' => '<p><iframe frameborder="0" height="480" src="https://www.youtube.com/embed/GNy95bcC6dY" width="640"></iframe></p> <p>Related:</p> <p><a href="http://newbusinessage.com/Articles/view/3891">Thompson Nepal Bags 2nd NewBiz Cover Design Award</a></p> <p><a href="http://newbusinessage.com/Articles/view/3893">Stakeholders Stress on Increasing Creativity Level in Nepali Advertisements</a></p> <p><a href="http://newbusinessage.com/Articles/view/3892">Creativity in Nepali Advertisements</a></p> <p> </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3852', 'image' => '20160721042609_award_video.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '4018', 'article_category_id' => '1', 'title' => 'COSMOS Devt Bank's Operating Profit Rs 24.2 Million', 'sub_title' => '', 'summary' => 'July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4', 'content' => '<p style="text-align:justify">July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4 million net profit after allocating funds for employee bonus and income tax. Speaking in a program organised on July 20, he said, "The net profit in the last FY has grown by 64 percent compared to the previous FY. The collection of deposit has increased by 38 percent and loan extension has increased by 37 percent. The bank will expand its paid-up capital issuing right shares in the ratio of 1:1 from July 26."</p> <p style="text-align:justify">The bank is providing various types of loan services including micro finance loan, trading loan, gold and silver loan and agricultural loan. Similarly, the bank also provides home loan, hire purchase loan, foreign employment loan and overdraft services.</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3851', 'image' => '20160721023651_cosmos.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4017', 'article_category_id' => '1', 'title' => 'NIC Asia's Profit Increased by Rs 390 Million', 'sub_title' => '', 'summary' => 'July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72. The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made si', 'content' => '<p style="text-align:justify">July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72.</p> <p style="text-align:justify">The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made significant increment in the collection of deposits and loan extension in the last FY. According to the bank, it has collected deposits of Rs 69.48 billion and extended loan of Rs 58.45 billion during the period</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3850', 'image' => '20160721014741_NIC.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4016', 'article_category_id' => '1', 'title' => 'New Branch of Kamana Devt Bank at Khairenitaar', 'sub_title' => '', 'summary' => 'July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpos', 'content' => '<p>July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpose of the extension of branch is to increase the access of finance among the people living in rural areas.</p> <p>Toyaraj Adhkari, CEO of the bank said that it has expanded its work area after receiving status of the national level development bank following the merger with the Kaski Finance.</p> <p>The Khairenitaar outlet is the 21<sup>st</sup> branch of the bank. The paid-up capital of the bank is Rs 660.16 million at present. In the FY 2072/73, the bank’s deposit totaled Rs 7 billion and extended Rs 6 billion in loans. Similarly, the bank logged Rs 270 million in operating profit during the period. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3849', 'image' => '20160721125428_kamana.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4015', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank Supports Cultural Event', 'sub_title' => '', 'summary' => 'July 21: Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement,', 'content' => '<p style="text-align: justify;">July 21:<strong> </strong>Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement, the bank said that it distributed the money as part of its CSR activity. The cash prize was distributed by Ishwar Shrestha, the bank’s Branch Manager of Rukum. As per the bank, it has collected deposit of Rs 10.86 billion and extended loans of Rs 8.76 billion in the fiscal year 2072/73. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3848', 'image' => '20160721125142_yeti.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4014', 'article_category_id' => '1', 'title' => '‘Ek Ghar Ek Khata’ Campaign of NMB Bank', 'sub_title' => '', 'summary' => 'July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saa', 'content' => '<p style="text-align: justify;">July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saath Maa NMB Bank’ campaign which the bank initiated in April promoting the country’s self-reliant economy. “This campaign will help to increase financial literacy, inculcate saving habit among Nepalis and encourage transactions through the financial system,” reads the release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3847', 'image' => '20160721124822_nmb.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4013', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank Logs Rs 100 million Profit', 'sub_title' => '', 'summary' => 'July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. ', 'content' => '<p>July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3846', 'image' => '20160721124622_kanchan.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4012', 'article_category_id' => '1', 'title' => 'Manaslu Devt Bank’s Profit Increase by 79 percent', 'sub_title' => '', 'summary' => 'July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based b', 'content' => '<p style="text-align: justify;">July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based bank informed that profit for the last FY has been logged at Rs 60.95 million against Rs 30.87 million in the previous FY.</p> <p style="text-align: justify;">As per the bank, deposits have increased by 58 per cent and extension of loans has risen by 47 per cent in the review period. During the period, the bank had zero non-performing loans. According to the bank, it has proceeded to issue rights share in the ratio 2:1 of the currently maintained paid-up capital.</p> <p style="text-align: justify;">Apart from the central office, the bank has been providing financial services from eight places including Arughat and Laxmibazar of Gorkha, Dumre of Tanahu, Turture bazaar, Abukhaireni, DuleGauda, Narayanghat of Chitwan and Parsa. “We will soon open new branches in Tandi of Chitwan and Damauli of Tanahun,” reads the press release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3845', 'image' => '20160721124443_manaslu.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '4026', 'article_category_id' => '1', 'title' => 'Ncell Supports 3 Villages of Syangja', 'sub_title' => '', 'summary' => 'July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings', 'content' => '<p style="text-align:justify">July 22: Ncell has supported three villages of Syangja in safe drinking water and commercial agriculture. Issuing a press statement, Ncell informed that the support has relieved the local residents especially women from the hassle of fetching drinking water that took many hours and contributed to increase their earnings.</p> <p style="text-align:justify">The support which was initiated as a part of Ncell’s corporate social responsibility has been provided to 75 households of Eladi, Dipka and Thuladi villages of Syanga district.</p> <p style="text-align:justify">Ncell has helped each village to install a Hydraulic Ram Pump and develop water distribution channels and tap stands to provide water directly to the whole village. The local residents used to face problems including high dependency on subsistence agriculture, poor nutrition and sanitation due to the lack of a reliable water source. With the help of Ncell, the locals are now producing fruits and vegetables in the villages as well.</p> <p style="text-align:justify">According to Milan Sharma, corporate communication expert of Ncell, the local residents have been provided trainings for commercial farming and micro-enterprises. He said “The company has managed the channels to supply the agricultural products to the market. The project aims to demonstrate how new technology can be adopted in sustainable way for poverty reduction."</p> <p style="text-align:justify">"The project is based on unique technology. The remote monitoring system using SIM metering technology has been implemented in order to measure the distribution of water for domestic and irrigation needs. The use of SIM card enables communities to maintain data of water supply and consumption at their end," he added.</p> <p style="text-align:justify"> </p> <p style="text-align:justify">“In a bid to make the project sustainable, a village based organisation has been established in each village based on community. As well as, community members are given training on operation and maintenance of Hydram technology”, said Baburam Paudel, senior technical manager of Renewable World, the project implementing partner.</p> <p style="text-align:justify"><br /> Ncell had launched the initiative in 2014 under the Water for Agricultural Livelihood Project in collaboration with Renewable World. The technical partners of the project are Centre for Rural Technology and Andhikhola Community Development Centre.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ncell%201.jpg" style="height:239px; width:500px" /> <img alt="" src="/userfiles/images/ncell%202%281%29.jpg" style="height:239px; width:200px" /></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3859', 'image' => '20160722034608_ncell.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '4025', 'article_category_id' => '1', 'title' => 'Broker Commission to Decrease from July 24', 'sub_title' => '', 'summary' => 'July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. ', 'content' => '<p>July 22: After peaking on Tuesday (July 20), the stock market witnessed a drop on Wednesday and Thursday. Following the political uncertainty in the country and the government’s decision to reduce the commission of brokers, the mood of investors was rather sober on Thursday, July 21 compared to the rage of earlier days. On Thursday, the transaction decreased by 30 percent than Wednesday dropping from Rs 2.12 billion to 1.48 billion. The share transaction had amounted more than Rs 2.14 billion on Tuesday.</p> <p>Following the delay in implementing the decision on commission of brokers that was announced Wednesday, the share transaction lowered on Thursday. “Investors were reluctant to buy share on Thursday,” said Anjan Raj Poudyal, immediate past president of Stock Brokers Association of Nepal. According to him, the delay has affected the transaction as investors want to buy the shares in minimum possible prices. He added that the strictness imposed by current monetary policy on share evaluation has affected the investors who invest taking loan in share collateral which has been reflected in the market.</p> <p>According to SEBON’s Executive Director Niraj Giri, investors might be holding back their investments with ‘wait and see’ policy as waiting few time will allow them to evaluate final financial reports of listed companies of last fiscal year and expecting the decrease in commission of brokers. Listed companies have already started to publish the final reports of the last FY. “In the other hand, investors might be confused about investing in the market during the period of instability,” added Giri.</p> <p>Although the Ministry of Finance had decided to decrease the broker commission averaging 40 percent, SEBON has forwarded circulars to implement the policy from Sunday, 24 July. According to Poudyal, brokers are ready to implement the directive from regulatory authority from Sunday onwards. We are engaged in the preparation and will start to work from that day by working even on Saturday,” added Poudyal.</p> <p> </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3858', 'image' => '20160722012308_Commissions-Copy.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '4024', 'article_category_id' => '1', 'title' => 'Government Terminates Petroleum Product Supply Decision', 'sub_title' => 'Private sector’s wait continue', 'summary' => 'July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (re', 'content' => '<p style="text-align: justify;">July 22: Cabinet of Ministers has terminated a decision of allowing private sector firms to carry out petroleum product supply in the country on Wednesday. Earlier, supply ministry had granted permission for the long term fuel (petrol, diesel, kerosene and gas) supply to 9 private companies under Petroleum and Gas Transaction (regulatory) order, 2069. Meeting of Petroleum and Gas Transaction Management and Regulatory Committee formed under Petroleum and Gas Transaction (regulatory) order had given permission to 9 different private companies on July 5 for the constructions of first phase infrastructure required for long term fuel supply and trading.</p> <p style="text-align: justify;">The companies those got the permission were Birat Petroleum, Sonapur Mineral and Oil, Himalayan Enterprises, Trans Himalayan, Petrolimax, BB Petroleum, National Petroleum, Malika Petroleum and Abhinas Energy. Among them, Abhinas Energy got approval for gas trading only and Malika Petroleum and Petrolimax got approval for both petroleum and gas. More than 14 companies had applied for permission of petroleum trading.</p> <p style="text-align: justify;">“Private sector will be allowed to carry out long term fuel trading only after formulating petroleum law,” said Ananda Ram Regmi, Spokesperson of Supply Ministry. For that matter, Ministry is preparing Petroleum and Gas trading Bill-2073 at present. “Preparation for formulation of the Petroleum Act has already been started. Now, the issue of petroleum trading will take a lead only after implementation of Petroleum Act,” he added.</p> <p style="text-align: justify;">Meanwhile, traders has criticised the government’s move and blamed the government of discouraging them. Deepak Timilshina, Chairman of Malika Petroleum said “The government decision is disappointing as the plan, detail design, land acquisition and contractor had already been finalised for infrastructure construction. Work had been conducted in order to conclude the construction within next 6/7 months. The cabinet’s decision has pushed the investment of the company to the edge.” According to him, Rs 1 billion has already been spent for infrastructure construction. The company had got permission for both petroleum and gas trading. He also informed of forwarding infrastructure construction at Birgunj, Biratnagar and Dhading.</p> <p style="text-align: justify;">Stakeholders believed that the permission granted to private sector for petroleum products trading would benefit consumers due to increase in competition. Presently, Nepal Oil Corporation is a sole supplier of petroleum products in Nepal. However, termination of the earlier decision indicates that the government does not want to end monopoly of the government owned NOC.</p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3857', 'image' => '20160722123541_mos.JPG', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '4023', 'article_category_id' => '1', 'title' => 'Non-Life Insurance Agreement between NIC Asia and Shikhar Insurance', 'sub_title' => '', 'summary' => 'July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have s', 'content' => '<p style="text-align: justify;">July 22: NIC Asia and Shikhar Insurance has finalized the agreement regarding non-life insurance. Laxman Risal, CEO of NIC Asia and Deep Prakash Pandey, CEO of Shikhar Insurance have signed the agreement paper on behalf of their respective companies on July 21.</p> <p style="text-align: justify;">Issuing a press statement, the bank informs that it aims to promote non-life insurance services to its new and old clients. In this regard, the bank has introduced two schemes including health insurance and secure mind insurance. Under the health insurance scheme, the customers can purchase personal and family health insurance packages. Similarly, the customers can secure the bank loans under secure mind scheme. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3856', 'image' => '20160722104016_nic.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '4022', 'article_category_id' => '1', 'title' => 'SBI Bank Provides Scholarship to Students', 'sub_title' => '', 'summary' => 'July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in S', 'content' => '<p style="text-align:justify">July 22: Nepal SBI Bank has provided scholarship of Rs 3,30,000 to the students of Nandi Ratrika Medium School. The bank has provided scholarship to 30 students for achieving top positions in SLC batch of 2071 and 2072 under its corporate social responsibility.</p> <p style="text-align:justify">According to the bank, Suva Kanta Kanungo, COO of the bank and Priya Ranjan, CFO of the bank have handed over the cheque of Rs 11,000 as scholarship fund. The cheques were handed over to the students who got scholarship amid a program organised on July 20. The bank informed that the scholarship was granted to the students for their higher level of studies. The bank has been conducting such types of scholarship programs since seven years. </p> ', 'published' => true, 'created' => '2016-07-22', 'modified' => '2016-07-22', 'keywords' => '', 'description' => '', 'sortorder' => '3855', 'image' => '20160722103121_sbi.jpg', 'article_date' => '2016-07-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '4021', 'article_category_id' => '1', 'title' => 'Remit Agreement between Citizens Bank and Boom Remittance', 'sub_title' => '', 'summary' => 'July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release', 'content' => '<p style="text-align: justify;">July 21: Citizens Bank International and Boom Remittance Company have signed an agreement on remittance payment. The agreement for remittance payment was signed by Ramdhan Shrestha, Assistant Chief Executive Officer of Citizens International Bank and Dhirendra Panta, Managing Director of Boom Remittance. The press release jointly issued by the institutions says that after the agreement, money sent by Nepali people living abroad through Boom Remittance can be received from all the branches of the bank.</p> <p style="text-align: justify;">Citizens Bank has been providing remittance through all its branches by collaborating with different remittance companies in Nepal like Western Union, Money Gram, IME, Prabhu Money, Himal Remit. Similarly, the bank has also collaborated with City Express, Reliable Remit, JME, Nepal Remit, Easylink, Best Remit, Prithvi Express, Sansaara, Sewa Express, CG Money,and Ipay Reliable remit. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3854', 'image' => '20160721050337_citizen.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '4020', 'article_category_id' => '1', 'title' => 'Prabhu Bank Introduces ‘InstaPay’ and ‘Reward Points’ Scheme', 'sub_title' => '', 'summary' => 'July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers ', 'content' => '<p style="text-align: justify;">July 21: Prabhu Bank has launched ‘InstaPay’ and ‘Reward Points’ schemes in a bid to provide additional facilities to its credit card users. Under the ‘InstaPay’ scheme, customers can pay bill of foreign visit, pay the fees of college or school, hospital or pay for different electronic goods through credit card. Similarly, customers can use the scheme while buying jewelries and two-wheelers like motorcycle and scooter. The bank informs that the customers can make payment on monthly installments up to maximum of 18 months. Under the scheme, no interest charge will be levied however the customers need to pay designated service charge during the period. The customers willing to use the scheme have to request the bank within the 7 days of transaction specifying the number of installments he/she willing to pay. Based on the application, the bank will determine the monthly installment. </p> <p style="text-align: justify;">Similarly, under the ‘Reward Points’ scheme, the customer will get one point for purchasing goods worth Rs 200 through credit card. When the accumulated points reach 500 points in the process, the bank will deposit Rs 500 in the account of the customer. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3853', 'image' => '20160721045627_prabhu bank.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '4019', 'article_category_id' => '1', 'title' => 'Video of NewBiz Cover Design Award 2016', 'sub_title' => '', 'summary' => 'Watch video of NewBiz Cover Design Award 2016', 'content' => '<p><iframe frameborder="0" height="480" src="https://www.youtube.com/embed/GNy95bcC6dY" width="640"></iframe></p> <p>Related:</p> <p><a href="http://newbusinessage.com/Articles/view/3891">Thompson Nepal Bags 2nd NewBiz Cover Design Award</a></p> <p><a href="http://newbusinessage.com/Articles/view/3893">Stakeholders Stress on Increasing Creativity Level in Nepali Advertisements</a></p> <p><a href="http://newbusinessage.com/Articles/view/3892">Creativity in Nepali Advertisements</a></p> <p> </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3852', 'image' => '20160721042609_award_video.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '1' ) ), (int) 8 => array( 'Article' => array( 'id' => '4018', 'article_category_id' => '1', 'title' => 'COSMOS Devt Bank's Operating Profit Rs 24.2 Million', 'sub_title' => '', 'summary' => 'July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4', 'content' => '<p style="text-align:justify">July 21: COSMOS Devt Bank has earned operating profit of Rs 24.2 million in the FY 2072/73. According to Hridaya Raj Ghimire, CEO of the bank, the bank has earned 15.4 million net profit after allocating funds for employee bonus and income tax. Speaking in a program organised on July 20, he said, "The net profit in the last FY has grown by 64 percent compared to the previous FY. The collection of deposit has increased by 38 percent and loan extension has increased by 37 percent. The bank will expand its paid-up capital issuing right shares in the ratio of 1:1 from July 26."</p> <p style="text-align:justify">The bank is providing various types of loan services including micro finance loan, trading loan, gold and silver loan and agricultural loan. Similarly, the bank also provides home loan, hire purchase loan, foreign employment loan and overdraft services.</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3851', 'image' => '20160721023651_cosmos.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '4017', 'article_category_id' => '1', 'title' => 'NIC Asia's Profit Increased by Rs 390 Million', 'sub_title' => '', 'summary' => 'July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72. The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made si', 'content' => '<p style="text-align:justify">July 21: NIC Asia has significantly increased its profit in FY 2072/73. The bank informed of increasing its profit by Rs 390 million compared to FY 2071/72.</p> <p style="text-align:justify">The bank has earned the profit of Rs 1.07 billion in FY 2072/73 which was Rs 680 million in FY 2071/72. Similarly, the bank has also made significant increment in the collection of deposits and loan extension in the last FY. According to the bank, it has collected deposits of Rs 69.48 billion and extended loan of Rs 58.45 billion during the period</p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3850', 'image' => '20160721014741_NIC.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '4016', 'article_category_id' => '1', 'title' => 'New Branch of Kamana Devt Bank at Khairenitaar', 'sub_title' => '', 'summary' => 'July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpos', 'content' => '<p>July 21: The Pokhara-based Kamana Development Bank has opened a new branch in Khairenitaar of Tanahun. Chiranjivi Chapagain, Director of Nepal Rastra Bank, Pokhara office inaugurated the new branch. Speaking on the occasion, Rajendranidhi Koirala, Chairman of Kamana Development Bank highlighted that the main purpose of the extension of branch is to increase the access of finance among the people living in rural areas.</p> <p>Toyaraj Adhkari, CEO of the bank said that it has expanded its work area after receiving status of the national level development bank following the merger with the Kaski Finance.</p> <p>The Khairenitaar outlet is the 21<sup>st</sup> branch of the bank. The paid-up capital of the bank is Rs 660.16 million at present. In the FY 2072/73, the bank’s deposit totaled Rs 7 billion and extended Rs 6 billion in loans. Similarly, the bank logged Rs 270 million in operating profit during the period. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3849', 'image' => '20160721125428_kamana.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '4015', 'article_category_id' => '1', 'title' => 'Yeti Devt Bank Supports Cultural Event', 'sub_title' => '', 'summary' => 'July 21: Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement,', 'content' => '<p style="text-align: justify;">July 21:<strong> </strong>Yeti Development Bank provided Rs 18,000 as the cash prize for a dance competition organised on the occasion of Rukum Cultural Year 2073. Issuing a press statement, the bank said that it distributed the money as part of its CSR activity. The cash prize was distributed by Ishwar Shrestha, the bank’s Branch Manager of Rukum. As per the bank, it has collected deposit of Rs 10.86 billion and extended loans of Rs 8.76 billion in the fiscal year 2072/73. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3848', 'image' => '20160721125142_yeti.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '4014', 'article_category_id' => '1', 'title' => '‘Ek Ghar Ek Khata’ Campaign of NMB Bank', 'sub_title' => '', 'summary' => 'July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saa', 'content' => '<p style="text-align: justify;">July 21: NMB Bank has launched ‘Ek Ghar Ek Khata’ scheme. “The scheme has been started with a purpose so that every Nepali can have a bank account which aims to ensure easy access to finance for the citizens,” says the bank in a press release. According to the release, the new campaign is the extension of the ‘Atmanirbhar Nepal Ko Saath Maa NMB Bank’ campaign which the bank initiated in April promoting the country’s self-reliant economy. “This campaign will help to increase financial literacy, inculcate saving habit among Nepalis and encourage transactions through the financial system,” reads the release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3847', 'image' => '20160721124822_nmb.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '4013', 'article_category_id' => '1', 'title' => 'Kanchan Devt Bank Logs Rs 100 million Profit', 'sub_title' => '', 'summary' => 'July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. ', 'content' => '<p>July 21: Kanchan Development Bank has registered profit of Rs 97.4 million in the fiscal year 2072/73. As per a press statement by the bank, its deposit has totaled Rs 1.91 billion and extension of loans has been registered at Rs 1.64 billion in the last FY. The bank has been providing service from seven branches across the far-western region. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3846', 'image' => '20160721124622_kanchan.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '4012', 'article_category_id' => '1', 'title' => 'Manaslu Devt Bank’s Profit Increase by 79 percent', 'sub_title' => '', 'summary' => 'July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based b', 'content' => '<p style="text-align: justify;">July 21: Manaslu Development Bank has registered a 79 per cent increase in its profit in the fiscal year 2072/73 compared to FY 2071/72. Issuing a press statement, the Gorkha-based bank informed that profit for the last FY has been logged at Rs 60.95 million against Rs 30.87 million in the previous FY.</p> <p style="text-align: justify;">As per the bank, deposits have increased by 58 per cent and extension of loans has risen by 47 per cent in the review period. During the period, the bank had zero non-performing loans. According to the bank, it has proceeded to issue rights share in the ratio 2:1 of the currently maintained paid-up capital.</p> <p style="text-align: justify;">Apart from the central office, the bank has been providing financial services from eight places including Arughat and Laxmibazar of Gorkha, Dumre of Tanahu, Turture bazaar, Abukhaireni, DuleGauda, Narayanghat of Chitwan and Parsa. “We will soon open new branches in Tandi of Chitwan and Damauli of Tanahun,” reads the press release. </p> ', 'published' => true, 'created' => '2016-07-21', 'modified' => '2016-07-21', 'keywords' => '', 'description' => '', 'sortorder' => '3845', 'image' => '20160721124443_manaslu.jpg', 'article_date' => '2016-07-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
