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Code Context
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			'id' => '3996',
			'article_category_id' => '1',
			'title' => 'Brij Cement Launches New Consumer Scheme',
			'sub_title' => '',
			'summary' => 'July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named ‘Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti’, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.',
			'content' => '<p style="text-align: justify;">July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named &lsquo;Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti&rsquo;, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.</p>

<p style="text-align: justify;">Issuing a statement, the company said that consumers through a scratch card can get a chance to win attractive prizes including Honda Shine Bike, refrigerators, mobile phones, vacuum cleaner, fan, steam iron and cash prizes.</p>

<p style="text-align: justify;">According to the company, the scheme will be for a limited edition of time and will be implemented all across the country.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3829',
			'image' => '20160718035459_brij.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3995',
			'article_category_id' => '1',
			'title' => 'Jenish Paints Unveiled Ecoseal Extra',
			'sub_title' => '',
			'summary' => 'July 18: Jenish Paints has unveiled new brand of paint ‘Ecoseal Extra’ in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.',
			'content' => '<p style="text-align: justify;">July 18: Jenish Paints has unveiled new brand of paint &lsquo;Ecoseal Extra&rsquo; in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.</p>

<p style="text-align: justify;">The company has informed that Ecoseal Extra is emulsion 1005 acrylic weatherproof paint which will make the outer look of the home brighter and attractive.</p>

<p style="text-align: justify;">According to the company, the paint is waterproof, mildew resistant, odourless, stain free and washable. The company has given 7 years warranty period on the paint. Jenish paints produces various types of water-based paints including distemper, emulsion, weather-coat, primer, wall putting, cement paint, enamel, wood primer and metal primer. &nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3828',
			'image' => '20160718032905_jenish.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3994',
			'article_category_id' => '1',
			'title' => 'Citizens Bank Acquires Premier Finance',
			'sub_title' => '',
			'summary' => 'July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance.',
			'content' => '<p style="text-align: justify;">July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance. After acquisition of Premier Finance, the paid-up capital of the bank has totalled Rs 3.10 billion. Meanwhile its deposit and loan has amounted to Rs 48.08 million and Rs 41.08 million respectively. Presently, the bank has 58 branches and 93 branchless banking units.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3827',
			'image' => '20160718112331_citi.jpg',
			'article_date' => '2016-07-18 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3993',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank gets Highest ever ICRA Rating ',
			'sub_title' => '',
			'summary' => 'July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted “[ICRANP-IR] AA" rating to the bank that indicates high credit quality and low credit risk.',
			'content' => '<p style="text-align:justify">July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted &ldquo;[ICRANP-IR] AA&quot; rating to the bank that indicates high credit quality and low credit risk.</p>

<p style="text-align:justify">Deepak Raj Kafle, Managing Director and CEO of ICRA Nepal handed over the rating certificate to Anukool Bhatnagar, MD &amp; CEO of Nepal SBI Bank amidst a ceremony held on July 17 herein the valley. &nbsp;</p>

<p style="text-align:justify">Nepal SBI Bank Ltd. has 73 offices (including 3 Regional Offices once each in Biratnagar, Nepalgunj and Kathmandu), 86 ATMs with E-corner, Mobile Banking and INB Utilities.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3826',
			'image' => '20160718110212_nepal-sbi.png.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3992',
			'article_category_id' => '1',
			'title' => ' EU Provides RS 6 Billion for Rehabilitation of Earthquake Survivors',
			'sub_title' => '',
			'summary' => 'July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme.',
			'content' => '<p style="text-align:justify">July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme. This delivers on the pledge made by EU Commissioner Neven Mimica in June 2015 during his visit to the country for the International Conference on Nepal&#39;s Reconstruction to substantially support the start-up phase of the recovery.</p>

<p style="text-align:justify">Issuing a press statement, EU said that the Post Disaster Recovery Framework (PDRF) of May 2016 guides the EU and the government&rsquo;s shared aspiration to help the earthquake-affected communities build their houses back better and safer. &#39;&#39;All stakeholders now need to rigorously focus determination, skills and energy on implementing the PDRF to rebuild houses, schools and other infrastructure. This is the moment to create more resilient, inclusive and prosperous communities in an accountable, transparent and sensitive way, and to inject more dynamism into Nepal&#39;s economy,&quot; said EU Ambassador Rensje Teerink on the occasion.</p>

<p style="text-align:justify">NEARR emphasises fostering of resilience and disaster preparedness, focuses on the most vulnerable people, as well as enhancing transparency and accountability in the reconstruction process and implementation capacity of the Government. In order to measure progress the EU and the Government of Nepal agreed on a set of indicators to be achieved for the disbursement of the second tranche of Rs 6 billion (EURO 50 million).&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3825',
			'image' => '20160717052034_eu.jpg',
			'article_date' => '2016-07-17 00:00:00',
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		'Article' => array(
			'id' => '3991',
			'article_category_id' => '1',
			'title' => 'Monetary Policy Target Difficult to Achieve: CNI',
			'sub_title' => '',
			'summary' => 'July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stab',
			'content' => '<p>July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stability as targeted by monetary policy. Earlier, after the announcement of monetary policy, CNI had declared that NRB has addressed many suggestions recommended by it.</p>

<p>CNI opined that the monetary policy contains some strong issues including increase in ceiling for conversion of mandatory consortium loan to Rs 1 billion from Rs 500 million. Similarly, increase in the frontier amount for importing goods from the third country through draft and TT to Rs 50,000 USD from Rs 40,000 USD has been also considered positive by CNI. Likewise, establishment of Infrastructure Development Bank, increase in ceiling for mandatory loan extension of commercial banks towards agriculture and energy sector and execution of BASEL-3 for upgrading banking system are some strong areas of monetary policy. Additionally, CNI has expressed its contentment on attention given to financial stability through expansion of financial services and foreign exchange management. CNI also believe that the banking system will further strengthen through interest rate corridor, quarterly evaluation and review of monetary policy and utilisation of 3 percent of total employee expenditure on training, skill and career development.</p>

<p>According to CNI, despite the policy has brought some new mechanisms, it has failed to address key issues required to develop industrial sector and promote investment. It said that the monetary policy has not taken significant step on diverting excess liquidity towards productive sector, accelerate industrial pace and increase investment along with creating employment opportunities. &ldquo;The NRB move of controlling broad money supply without timely modification of mandatory cash reserve ratio, statutory liquidity ratio and bank rate and reloan rate has created imbalance between monetary policy tools, internal target and final target,&rdquo; said CNI.</p>

<p>The policy also failed in addressing utilisation of excess foreign exchange reserve on infrastructure development and industrialisation. Similarly, CNI explained that the monetary policy has not brought clear provision on promotion of export, increase in purchasing power of domestic currency and expansion of competitive capacity building of export.</p>

<p>CNI claims that the provision of mandatory investment of 2 percent out of 5 percent total loan extension to deprived group will increase workload, administrative chaos and increase in operating cost of commercial banks. CNI suggested on rearrangement of some key issues having direct affect on the economy during the quarterly review of the monetary policy.</p>

<p>The monetary policy has targeted 6.5 percent economic growth and limit inflation on 7.5 percent. For this, growth in broad money supply should be limited to 17 percent through effective monetary and liquidity management.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3824',
			'image' => '20160717035434_cni.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3990',
			'article_category_id' => '1',
			'title' => 'KC Group to Add 100 MW of Electricity',
			'sub_title' => '',
			'summary' => 'July 17: KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.',
			'content' => '<p style="text-align: justify;">July 17:&nbsp;KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.</p>

<p style="text-align: justify;">&ldquo;With an objective to minimise the electricity shortage in the country, we are increasing investments in the sector. &nbsp;We have been investing with a target to produce 100 MW within the next five years,&rdquo; says Roshan KC, Director of the Group. &nbsp;KC, who is also an engineer adds, &ldquo;We will succeed to reach our target.&rdquo;</p>

<p style="text-align: justify;">According to the Group&rsquo;s Chairman Surya Bahadur KC, 90 percent of the construction of the Sikles Hydro project has been completed. &ldquo;We will start the commercial production by 2074 Poush.&rdquo; The project which has been under construction for the last three years was affected by earthquake, blockade and landslide. The Group has invested over Rs 2 billion in the project.</p>

<p style="text-align: justify;">Meanwhile, the Group has also finalised the power purchase agreement (PPA) of the Upper Madi Hydropower Project. As per KC, Prime bank will finance the project having capacity of 7MW. &ldquo;The construction work of the Rs 1.20 billion project will start from Ashwin, 2074.</p>

<p style="text-align: justify;">Similarly, the Group also plans to start the construction of Bijaypur-2 Hydroelectricity Project soon. &ldquo;The construction works of the 4.5 MW project with investment totaling Rs 900 million will start by next Ashwin,&rdquo; says KC.</p>

<p style="text-align: justify;">Meanwhile,the 36MW Jhyamulunga Hydropower Project is in the pipeline. &ldquo;The construction of the project with the estimated investment of Rs 5 billion will start soon,&rdquo; mentions KC.</p>

<p style="text-align: justify;">Likewie, the Group is preparing to start the construction of 20MW Upper Seti Hydropower Project. The investment for the project is estimated at Rs 3 billion.</p>

<p style="text-align: justify;">Other hydropower projects like Gandaki, Traaks and Bijaypur Hydropower are also being constructed under the leadership of Chairman KC, who is also the Executive Chairman of Himshree Foods. &ldquo;I have been investing for the development of hydropower sector in Nepal. &ldquo;Though there are investors interested in investing in the sector, we don&rsquo;t have a supportive environment for it,&rdquo; he says. &ldquo;We face lot of obstacles while trying to invest. Even after we produce the electricity, the producers face difficulties to connect it with national grid.&rdquo; &nbsp;He mentions that the problems are due to the lack of coordination between Energy and Finance Ministry and CIAA.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3823',
			'image' => '20160717033335_kc.jpg',
			'article_date' => '2016-07-17 00:00:00',
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		'Article' => array(
			'id' => '3989',
			'article_category_id' => '1',
			'title' => 'Khanal Elected ICAN President',
			'sub_title' => '',
			'summary' => 'July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President.  ',
			'content' => '<p style="text-align: justify;">July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President. &nbsp;</p>

<p style="text-align: justify;">Khanal served as the Vice President of the Council prior to the election. He completed his&nbsp; chartered accountancy from India in 1997. He is currently holding positions on various committees within the ICAN. Khanal is also a member in the Securities Board of Nepal (SEBON|) representing the ICAN.</p>

<p style="text-align: justify;">Meanwhile, the newly elected Vice President Thapa also completed chartered accountany course from India in 1995. He is on various committees within the ICAN while also represents the organisation in different institution.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3822',
			'image' => '20160717025309_ican.JPG',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3988',
			'article_category_id' => '1',
			'title' => 'LPG Association Facilitates Exchange of Gas Cylinders ',
			'sub_title' => '',
			'summary' => 'July 17: LPG consumers can exchange their brand of gas cylinders from July 17.  Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year’s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association. ',
			'content' => '<p style="text-align: justify;">July 17: LPG consumers can exchange their brand of gas cylinders from July 17. &nbsp;Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year&rsquo;s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the association, seven various industries can exchange the gas cylinders. Everest and Sugam Gas at Balkhu will exchange the cylinders of Shakti, Sahara, Mechi, Trishakti, Kankai, Rijal ko Bhanchha, Kamakhya and Prima brands from July 17. &nbsp;Likewise, Shree Ram Gas will exchange the cylinders of Koshi, Noble and Janaki brands from Harisiddhi of Lalitpur. Similarly, Manoj Gas will exchange the cylinders of Jagadamba, Super, Leo and Ambar brands from Kalanki.</p>

<p style="text-align: justify;"><br />
As per the association, Sagarmatha Gas will exchange the cylinders of Rapti, Bheri, New Bheri, Manakamana, Adesh and Radiant brands from Pepsicola. Nepal Gas will exchange cylinders of Narayani brand from Balaju. It is also informed that, the consumers can exchange cylinders of Arati, Swastik and Butwal brands from Lumbini Gas from Bafal. Issuing a press statement, the Association informed of initaing the facility as the dealers are charging huge sum from consumers while exchanging the brand of gas cylinders. The association informs that the consumers can exchange gas cylinders of mentioned brands for free from July 17 to July 22.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3821',
			'image' => '20160717023059_gas.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3987',
			'article_category_id' => '1',
			'title' => 'Revenue Collection Surpasses Target by Rs 6 Billion',
			'sub_title' => '',
			'summary' => 'July 17: The revenue collection in the last FY 2072/73 has exceeded the government’s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.',
			'content' => '<p style="text-align:justify">July 17: The revenue collection in the last FY 2072/73 has exceeded the government&rsquo;s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.&nbsp; According to the statistics of Financial Comptroller Office, till the second quarter of the last FY revenue collection fell short by Rs 50 billion than the target. However, by the end of the year, Rs 481 billion revenue has been collected exceeding the target by Rs 6 billion. The Ministry of Finance has targeted Rs 475 billion revenue collection in the beginning of the last FY.</p>

<p style="text-align:justify">The Finance Ministry had initiated various ideas and strategies from February of the last FY in a bid to collect targeted revenue and to cope with decreasing export and import along with domestic revenue due to the blockade. &ldquo;In an extreme condition too, Nepal has been enabled to achieve the revenue target through collection of old tax outstanding, account suspension of tax defaulters and reimbursement of development projects. Condition of bank and financial institutions and stock market is also fine,&rdquo; said Rajan Khanal, Revenue Secretary.</p>

<p style="text-align:justify">In order to achieve the revenue target, the government directed Nepal Telecommunication Authority to deposit Rs 10 billion, a dormant fund in its Trust in the revenue. &nbsp;Similarly, the matured loan amount paid by Nepal Oil Corporation worth Rs 12 billion has also contributed to meet the revenue target. Additionally, the government has auctioned age-old merchandise goods to achieve the revenue target.</p>

<p style="text-align:justify">The government also executed new regulations giving tax payer additional period to pay taxes till mid-July without penalties from earlier mid-March deadline. The government also implemented &lsquo;back-up plan&rsquo; since mid-March to recover revenue shortage.</p>

<p style="text-align:justify">The back-up plan included identification of new sector for revenue collection, collection of tax outstanding, increase in production through optimum use of resources and budget expenditure. Apart of it, reprioritisation of programs and extension of tax payment period were also comprises the plan. The government has targeted of collecting Rs 565 billion revenue in the current FY 2073/74.</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3820',
			'image' => '20160717125003_finance-ministy.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3986',
			'article_category_id' => '1',
			'title' => 'RBB and CIT Enters Central Depositary Agreement',
			'sub_title' => '',
			'summary' => 'July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust’s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.',
			'content' => '<p style="text-align: justify;">July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust&rsquo;s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.</p>

<p style="text-align: justify;">According to the agreement, collection and transfer of money of the Trust through ABBS will be made easier and facilitated from all the branches of RBB. The agreement will be implemented from the beginning of the new FY.</p>

<p style="text-align: justify;">After the agreement, all other accounts of CIT in the bank will be closed and transaction will be carried out from the branches included in ABBS of CIT which are Thapathali, Teku and Baneshwor branches. &nbsp;&ldquo;For that matter, the bank will provide different coloured vouchers for the Trust with account name and number,&rdquo; informed Uddav Silwal, Information Officer of CIT. The Trust have earlier finalised the same nature of agreement with Nepal Bank.&nbsp;</p>
',
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			'created' => '2016-07-17',
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			'description' => '',
			'sortorder' => '3819',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3985',
			'article_category_id' => '1',
			'title' => 'NEPSE Extends Trading Period',
			'sub_title' => '',
			'summary' => 'July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY.',
			'content' => '<p style="text-align: justify;">July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY. NEPSE has extended the trading time due to the trading load after implementation of CDS system. Earlier, investors were also demanding extension in trading period at NEPSE. Along with the increased time period, NEPSE expects of increase in trading numbers and liquidity as well as maturation in the secondary market.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3818',
			'image' => '20160715044842_nepse.jpg',
			'article_date' => '2016-07-15 00:00:00',
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			'id' => '3984',
			'article_category_id' => '1',
			'title' => 'SCB Nepal Bags ‘Euromoney Awards for Excellence’  2016 in succession',
			'sub_title' => '',
			'summary' => 'July 15: Standard Chartered Bank Nepal has been named the winner of ‘2016 Euromoney Awards for Excellence’ for Nepal by the Euromoney, a leading global publication in financial markets.  The Bank has won this Award in succession.',
			'content' => '<p>July 15: Standard Chartered Bank Nepal has been named the winner of <strong>&lsquo;</strong>2016 Euromoney Awards for Excellence&rsquo; for Nepal by the Euromoney, a leading global publication in financial markets.&nbsp; The Bank has won this Award in succession.</p>

<p>The&nbsp;Euromoney&nbsp;Awards for Excellence, which was announced on July 14, continues to be the most respected awards in the financial services industry. Issuing a press release, it has been informed that the recognition of Standard Chartered Bank has come as a result of its ability to deliver on its strategy, progress on its digital agenda, its ability to create differentiation and for maintaining reasonable business momentum despite challenges in year 2015. &nbsp;&nbsp;</p>

<p>Standard Chartered Bank Nepal had earlier won Bank of the Year, Euromoney and Global Finance&rsquo;s &lsquo; The World&rsquo;s Best Emerging Markets Banks&rsquo; &nbsp;award in the year 2015.&nbsp;</p>

<p>Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets and is recognised as a prime magazine of the wholesale financial world. &nbsp;Building on its established criteria of past years,&nbsp;Euromoney combines quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers.<br />
&nbsp;</p>
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			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3817',
			'image' => '20160715042729_stc.JPG',
			'article_date' => '2016-07-15 00:00:00',
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		'Article' => array(
			'id' => '3983',
			'article_category_id' => '1',
			'title' => 'FCAN's Training to Construction Entrepreneurs of Mid-Western Development Region',
			'sub_title' => '',
			'summary' => 'July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN).',
			'content' => '<p style="text-align:justify">July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN). The training was provided to 40 construction entrepreneurs in Nepalgunj on Thursday. Vice-President of FCAN, Rudra Sharma urged everyone to be sensitive to the problem faced by the entrepreneurs as the construction business was ruined due to earthquake and unofficial blockade by India.</p>

<p style="text-align:justify">He said that the development of the country is impossible until the construction business is flourished. The participating entrepreneurs were trained by Bhim Khatiwada, Representative of Asian Development Bank, Narayan Subedi, chief tax officer of Internal Revenue Office, Nepalgunj, Dr. Ramhari Lamichhane, Member Secretary of Council for Technical Education and Vocational Training and Baburam Dahal, Legal Advisor of FCAN.</p>
',
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			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3816',
			'image' => '20160715032741_cni.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3981',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Bags Skytrax Best Business Class Airline Award',
			'sub_title' => '',
			'summary' => 'July 15: Qatar Airways has won the World's Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. T',
			'content' => '<p style="text-align: justify;">July 15: Qatar Airways has won the World&#39;s Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. The airways was awarded as per the voting by air travelers. Similarly, the company was also entitled Best Business Class Airline Lounge and the Best Airline Staff Service in the Middle East.</p>

<p style="text-align: justify;">Akbar Al Baker, Chief Executive of Qatar Airways Group said, &ldquo;It is a very proud moment for Qatar Airways to be named World&#39;s Best Business Class, Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East by the prestigious Skytrax World Airline Awards not only for myself, but for every individual at Qatar Airways who creates the passengers&rsquo; experience.&rdquo;</p>

<p style="text-align: justify;">&ldquo;Our commitment to continued success is unwavering and a testament to the dedication of our global teams. The airline&rsquo;s renowned service, modern aircraft and luxurious cabins, combined with an expanding global network, continue to set Qatar Airways apart from the competition,&rdquo; he added.</p>

<p style="text-align: justify;">The Skytrax World Airline Awards are widely known as the Passengers Choice Awards with millions of travelers, from 160 different countries, participating in passenger satisfaction surveys to decide the winners each year.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/qatar%202.jpg" style="height:422px; width:650px" /></p>

<p style="text-align: justify;">&nbsp;</p>
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '3996',
			'article_category_id' => '1',
			'title' => 'Brij Cement Launches New Consumer Scheme',
			'sub_title' => '',
			'summary' => 'July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named ‘Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti’, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.',
			'content' => '<p style="text-align: justify;">July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named &lsquo;Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti&rsquo;, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.</p>

<p style="text-align: justify;">Issuing a statement, the company said that consumers through a scratch card can get a chance to win attractive prizes including Honda Shine Bike, refrigerators, mobile phones, vacuum cleaner, fan, steam iron and cash prizes.</p>

<p style="text-align: justify;">According to the company, the scheme will be for a limited edition of time and will be implemented all across the country.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3829',
			'image' => '20160718035459_brij.jpg',
			'article_date' => '2016-07-18 00:00:00',
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		'Article' => array(
			'id' => '3995',
			'article_category_id' => '1',
			'title' => 'Jenish Paints Unveiled Ecoseal Extra',
			'sub_title' => '',
			'summary' => 'July 18: Jenish Paints has unveiled new brand of paint ‘Ecoseal Extra’ in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.',
			'content' => '<p style="text-align: justify;">July 18: Jenish Paints has unveiled new brand of paint &lsquo;Ecoseal Extra&rsquo; in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.</p>

<p style="text-align: justify;">The company has informed that Ecoseal Extra is emulsion 1005 acrylic weatherproof paint which will make the outer look of the home brighter and attractive.</p>

<p style="text-align: justify;">According to the company, the paint is waterproof, mildew resistant, odourless, stain free and washable. The company has given 7 years warranty period on the paint. Jenish paints produces various types of water-based paints including distemper, emulsion, weather-coat, primer, wall putting, cement paint, enamel, wood primer and metal primer. &nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3828',
			'image' => '20160718032905_jenish.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3994',
			'article_category_id' => '1',
			'title' => 'Citizens Bank Acquires Premier Finance',
			'sub_title' => '',
			'summary' => 'July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance.',
			'content' => '<p style="text-align: justify;">July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance. After acquisition of Premier Finance, the paid-up capital of the bank has totalled Rs 3.10 billion. Meanwhile its deposit and loan has amounted to Rs 48.08 million and Rs 41.08 million respectively. Presently, the bank has 58 branches and 93 branchless banking units.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3827',
			'image' => '20160718112331_citi.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '3993',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank gets Highest ever ICRA Rating ',
			'sub_title' => '',
			'summary' => 'July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted “[ICRANP-IR] AA" rating to the bank that indicates high credit quality and low credit risk.',
			'content' => '<p style="text-align:justify">July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted &ldquo;[ICRANP-IR] AA&quot; rating to the bank that indicates high credit quality and low credit risk.</p>

<p style="text-align:justify">Deepak Raj Kafle, Managing Director and CEO of ICRA Nepal handed over the rating certificate to Anukool Bhatnagar, MD &amp; CEO of Nepal SBI Bank amidst a ceremony held on July 17 herein the valley. &nbsp;</p>

<p style="text-align:justify">Nepal SBI Bank Ltd. has 73 offices (including 3 Regional Offices once each in Biratnagar, Nepalgunj and Kathmandu), 86 ATMs with E-corner, Mobile Banking and INB Utilities.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3826',
			'image' => '20160718110212_nepal-sbi.png.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3992',
			'article_category_id' => '1',
			'title' => ' EU Provides RS 6 Billion for Rehabilitation of Earthquake Survivors',
			'sub_title' => '',
			'summary' => 'July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme.',
			'content' => '<p style="text-align:justify">July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme. This delivers on the pledge made by EU Commissioner Neven Mimica in June 2015 during his visit to the country for the International Conference on Nepal&#39;s Reconstruction to substantially support the start-up phase of the recovery.</p>

<p style="text-align:justify">Issuing a press statement, EU said that the Post Disaster Recovery Framework (PDRF) of May 2016 guides the EU and the government&rsquo;s shared aspiration to help the earthquake-affected communities build their houses back better and safer. &#39;&#39;All stakeholders now need to rigorously focus determination, skills and energy on implementing the PDRF to rebuild houses, schools and other infrastructure. This is the moment to create more resilient, inclusive and prosperous communities in an accountable, transparent and sensitive way, and to inject more dynamism into Nepal&#39;s economy,&quot; said EU Ambassador Rensje Teerink on the occasion.</p>

<p style="text-align:justify">NEARR emphasises fostering of resilience and disaster preparedness, focuses on the most vulnerable people, as well as enhancing transparency and accountability in the reconstruction process and implementation capacity of the Government. In order to measure progress the EU and the Government of Nepal agreed on a set of indicators to be achieved for the disbursement of the second tranche of Rs 6 billion (EURO 50 million).&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3825',
			'image' => '20160717052034_eu.jpg',
			'article_date' => '2016-07-17 00:00:00',
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		'Article' => array(
			'id' => '3991',
			'article_category_id' => '1',
			'title' => 'Monetary Policy Target Difficult to Achieve: CNI',
			'sub_title' => '',
			'summary' => 'July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stab',
			'content' => '<p>July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stability as targeted by monetary policy. Earlier, after the announcement of monetary policy, CNI had declared that NRB has addressed many suggestions recommended by it.</p>

<p>CNI opined that the monetary policy contains some strong issues including increase in ceiling for conversion of mandatory consortium loan to Rs 1 billion from Rs 500 million. Similarly, increase in the frontier amount for importing goods from the third country through draft and TT to Rs 50,000 USD from Rs 40,000 USD has been also considered positive by CNI. Likewise, establishment of Infrastructure Development Bank, increase in ceiling for mandatory loan extension of commercial banks towards agriculture and energy sector and execution of BASEL-3 for upgrading banking system are some strong areas of monetary policy. Additionally, CNI has expressed its contentment on attention given to financial stability through expansion of financial services and foreign exchange management. CNI also believe that the banking system will further strengthen through interest rate corridor, quarterly evaluation and review of monetary policy and utilisation of 3 percent of total employee expenditure on training, skill and career development.</p>

<p>According to CNI, despite the policy has brought some new mechanisms, it has failed to address key issues required to develop industrial sector and promote investment. It said that the monetary policy has not taken significant step on diverting excess liquidity towards productive sector, accelerate industrial pace and increase investment along with creating employment opportunities. &ldquo;The NRB move of controlling broad money supply without timely modification of mandatory cash reserve ratio, statutory liquidity ratio and bank rate and reloan rate has created imbalance between monetary policy tools, internal target and final target,&rdquo; said CNI.</p>

<p>The policy also failed in addressing utilisation of excess foreign exchange reserve on infrastructure development and industrialisation. Similarly, CNI explained that the monetary policy has not brought clear provision on promotion of export, increase in purchasing power of domestic currency and expansion of competitive capacity building of export.</p>

<p>CNI claims that the provision of mandatory investment of 2 percent out of 5 percent total loan extension to deprived group will increase workload, administrative chaos and increase in operating cost of commercial banks. CNI suggested on rearrangement of some key issues having direct affect on the economy during the quarterly review of the monetary policy.</p>

<p>The monetary policy has targeted 6.5 percent economic growth and limit inflation on 7.5 percent. For this, growth in broad money supply should be limited to 17 percent through effective monetary and liquidity management.</p>

<p>&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3824',
			'image' => '20160717035434_cni.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3990',
			'article_category_id' => '1',
			'title' => 'KC Group to Add 100 MW of Electricity',
			'sub_title' => '',
			'summary' => 'July 17: KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.',
			'content' => '<p style="text-align: justify;">July 17:&nbsp;KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.</p>

<p style="text-align: justify;">&ldquo;With an objective to minimise the electricity shortage in the country, we are increasing investments in the sector. &nbsp;We have been investing with a target to produce 100 MW within the next five years,&rdquo; says Roshan KC, Director of the Group. &nbsp;KC, who is also an engineer adds, &ldquo;We will succeed to reach our target.&rdquo;</p>

<p style="text-align: justify;">According to the Group&rsquo;s Chairman Surya Bahadur KC, 90 percent of the construction of the Sikles Hydro project has been completed. &ldquo;We will start the commercial production by 2074 Poush.&rdquo; The project which has been under construction for the last three years was affected by earthquake, blockade and landslide. The Group has invested over Rs 2 billion in the project.</p>

<p style="text-align: justify;">Meanwhile, the Group has also finalised the power purchase agreement (PPA) of the Upper Madi Hydropower Project. As per KC, Prime bank will finance the project having capacity of 7MW. &ldquo;The construction work of the Rs 1.20 billion project will start from Ashwin, 2074.</p>

<p style="text-align: justify;">Similarly, the Group also plans to start the construction of Bijaypur-2 Hydroelectricity Project soon. &ldquo;The construction works of the 4.5 MW project with investment totaling Rs 900 million will start by next Ashwin,&rdquo; says KC.</p>

<p style="text-align: justify;">Meanwhile,the 36MW Jhyamulunga Hydropower Project is in the pipeline. &ldquo;The construction of the project with the estimated investment of Rs 5 billion will start soon,&rdquo; mentions KC.</p>

<p style="text-align: justify;">Likewie, the Group is preparing to start the construction of 20MW Upper Seti Hydropower Project. The investment for the project is estimated at Rs 3 billion.</p>

<p style="text-align: justify;">Other hydropower projects like Gandaki, Traaks and Bijaypur Hydropower are also being constructed under the leadership of Chairman KC, who is also the Executive Chairman of Himshree Foods. &ldquo;I have been investing for the development of hydropower sector in Nepal. &ldquo;Though there are investors interested in investing in the sector, we don&rsquo;t have a supportive environment for it,&rdquo; he says. &ldquo;We face lot of obstacles while trying to invest. Even after we produce the electricity, the producers face difficulties to connect it with national grid.&rdquo; &nbsp;He mentions that the problems are due to the lack of coordination between Energy and Finance Ministry and CIAA.&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3823',
			'image' => '20160717033335_kc.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3989',
			'article_category_id' => '1',
			'title' => 'Khanal Elected ICAN President',
			'sub_title' => '',
			'summary' => 'July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President.  ',
			'content' => '<p style="text-align: justify;">July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President. &nbsp;</p>

<p style="text-align: justify;">Khanal served as the Vice President of the Council prior to the election. He completed his&nbsp; chartered accountancy from India in 1997. He is currently holding positions on various committees within the ICAN. Khanal is also a member in the Securities Board of Nepal (SEBON|) representing the ICAN.</p>

<p style="text-align: justify;">Meanwhile, the newly elected Vice President Thapa also completed chartered accountany course from India in 1995. He is on various committees within the ICAN while also represents the organisation in different institution.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3822',
			'image' => '20160717025309_ican.JPG',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3988',
			'article_category_id' => '1',
			'title' => 'LPG Association Facilitates Exchange of Gas Cylinders ',
			'sub_title' => '',
			'summary' => 'July 17: LPG consumers can exchange their brand of gas cylinders from July 17.  Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year’s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association. ',
			'content' => '<p style="text-align: justify;">July 17: LPG consumers can exchange their brand of gas cylinders from July 17. &nbsp;Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year&rsquo;s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the association, seven various industries can exchange the gas cylinders. Everest and Sugam Gas at Balkhu will exchange the cylinders of Shakti, Sahara, Mechi, Trishakti, Kankai, Rijal ko Bhanchha, Kamakhya and Prima brands from July 17. &nbsp;Likewise, Shree Ram Gas will exchange the cylinders of Koshi, Noble and Janaki brands from Harisiddhi of Lalitpur. Similarly, Manoj Gas will exchange the cylinders of Jagadamba, Super, Leo and Ambar brands from Kalanki.</p>

<p style="text-align: justify;"><br />
As per the association, Sagarmatha Gas will exchange the cylinders of Rapti, Bheri, New Bheri, Manakamana, Adesh and Radiant brands from Pepsicola. Nepal Gas will exchange cylinders of Narayani brand from Balaju. It is also informed that, the consumers can exchange cylinders of Arati, Swastik and Butwal brands from Lumbini Gas from Bafal. Issuing a press statement, the Association informed of initaing the facility as the dealers are charging huge sum from consumers while exchanging the brand of gas cylinders. The association informs that the consumers can exchange gas cylinders of mentioned brands for free from July 17 to July 22.&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3821',
			'image' => '20160717023059_gas.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3987',
			'article_category_id' => '1',
			'title' => 'Revenue Collection Surpasses Target by Rs 6 Billion',
			'sub_title' => '',
			'summary' => 'July 17: The revenue collection in the last FY 2072/73 has exceeded the government’s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.',
			'content' => '<p style="text-align:justify">July 17: The revenue collection in the last FY 2072/73 has exceeded the government&rsquo;s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.&nbsp; According to the statistics of Financial Comptroller Office, till the second quarter of the last FY revenue collection fell short by Rs 50 billion than the target. However, by the end of the year, Rs 481 billion revenue has been collected exceeding the target by Rs 6 billion. The Ministry of Finance has targeted Rs 475 billion revenue collection in the beginning of the last FY.</p>

<p style="text-align:justify">The Finance Ministry had initiated various ideas and strategies from February of the last FY in a bid to collect targeted revenue and to cope with decreasing export and import along with domestic revenue due to the blockade. &ldquo;In an extreme condition too, Nepal has been enabled to achieve the revenue target through collection of old tax outstanding, account suspension of tax defaulters and reimbursement of development projects. Condition of bank and financial institutions and stock market is also fine,&rdquo; said Rajan Khanal, Revenue Secretary.</p>

<p style="text-align:justify">In order to achieve the revenue target, the government directed Nepal Telecommunication Authority to deposit Rs 10 billion, a dormant fund in its Trust in the revenue. &nbsp;Similarly, the matured loan amount paid by Nepal Oil Corporation worth Rs 12 billion has also contributed to meet the revenue target. Additionally, the government has auctioned age-old merchandise goods to achieve the revenue target.</p>

<p style="text-align:justify">The government also executed new regulations giving tax payer additional period to pay taxes till mid-July without penalties from earlier mid-March deadline. The government also implemented &lsquo;back-up plan&rsquo; since mid-March to recover revenue shortage.</p>

<p style="text-align:justify">The back-up plan included identification of new sector for revenue collection, collection of tax outstanding, increase in production through optimum use of resources and budget expenditure. Apart of it, reprioritisation of programs and extension of tax payment period were also comprises the plan. The government has targeted of collecting Rs 565 billion revenue in the current FY 2073/74.</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3820',
			'image' => '20160717125003_finance-ministy.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3986',
			'article_category_id' => '1',
			'title' => 'RBB and CIT Enters Central Depositary Agreement',
			'sub_title' => '',
			'summary' => 'July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust’s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.',
			'content' => '<p style="text-align: justify;">July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust&rsquo;s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.</p>

<p style="text-align: justify;">According to the agreement, collection and transfer of money of the Trust through ABBS will be made easier and facilitated from all the branches of RBB. The agreement will be implemented from the beginning of the new FY.</p>

<p style="text-align: justify;">After the agreement, all other accounts of CIT in the bank will be closed and transaction will be carried out from the branches included in ABBS of CIT which are Thapathali, Teku and Baneshwor branches. &nbsp;&ldquo;For that matter, the bank will provide different coloured vouchers for the Trust with account name and number,&rdquo; informed Uddav Silwal, Information Officer of CIT. The Trust have earlier finalised the same nature of agreement with Nepal Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3819',
			'image' => '20160717110856_cit.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3985',
			'article_category_id' => '1',
			'title' => 'NEPSE Extends Trading Period',
			'sub_title' => '',
			'summary' => 'July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY.',
			'content' => '<p style="text-align: justify;">July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY. NEPSE has extended the trading time due to the trading load after implementation of CDS system. Earlier, investors were also demanding extension in trading period at NEPSE. Along with the increased time period, NEPSE expects of increase in trading numbers and liquidity as well as maturation in the secondary market.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3818',
			'image' => '20160715044842_nepse.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '3984',
			'article_category_id' => '1',
			'title' => 'SCB Nepal Bags ‘Euromoney Awards for Excellence’  2016 in succession',
			'sub_title' => '',
			'summary' => 'July 15: Standard Chartered Bank Nepal has been named the winner of ‘2016 Euromoney Awards for Excellence’ for Nepal by the Euromoney, a leading global publication in financial markets.  The Bank has won this Award in succession.',
			'content' => '<p>July 15: Standard Chartered Bank Nepal has been named the winner of <strong>&lsquo;</strong>2016 Euromoney Awards for Excellence&rsquo; for Nepal by the Euromoney, a leading global publication in financial markets.&nbsp; The Bank has won this Award in succession.</p>

<p>The&nbsp;Euromoney&nbsp;Awards for Excellence, which was announced on July 14, continues to be the most respected awards in the financial services industry. Issuing a press release, it has been informed that the recognition of Standard Chartered Bank has come as a result of its ability to deliver on its strategy, progress on its digital agenda, its ability to create differentiation and for maintaining reasonable business momentum despite challenges in year 2015. &nbsp;&nbsp;</p>

<p>Standard Chartered Bank Nepal had earlier won Bank of the Year, Euromoney and Global Finance&rsquo;s &lsquo; The World&rsquo;s Best Emerging Markets Banks&rsquo; &nbsp;award in the year 2015.&nbsp;</p>

<p>Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets and is recognised as a prime magazine of the wholesale financial world. &nbsp;Building on its established criteria of past years,&nbsp;Euromoney combines quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers.<br />
&nbsp;</p>
',
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			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3817',
			'image' => '20160715042729_stc.JPG',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3983',
			'article_category_id' => '1',
			'title' => 'FCAN's Training to Construction Entrepreneurs of Mid-Western Development Region',
			'sub_title' => '',
			'summary' => 'July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN).',
			'content' => '<p style="text-align:justify">July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN). The training was provided to 40 construction entrepreneurs in Nepalgunj on Thursday. Vice-President of FCAN, Rudra Sharma urged everyone to be sensitive to the problem faced by the entrepreneurs as the construction business was ruined due to earthquake and unofficial blockade by India.</p>

<p style="text-align:justify">He said that the development of the country is impossible until the construction business is flourished. The participating entrepreneurs were trained by Bhim Khatiwada, Representative of Asian Development Bank, Narayan Subedi, chief tax officer of Internal Revenue Office, Nepalgunj, Dr. Ramhari Lamichhane, Member Secretary of Council for Technical Education and Vocational Training and Baburam Dahal, Legal Advisor of FCAN.</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3816',
			'image' => '20160715032741_cni.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3981',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Bags Skytrax Best Business Class Airline Award',
			'sub_title' => '',
			'summary' => 'July 15: Qatar Airways has won the World's Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. T',
			'content' => '<p style="text-align: justify;">July 15: Qatar Airways has won the World&#39;s Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. The airways was awarded as per the voting by air travelers. Similarly, the company was also entitled Best Business Class Airline Lounge and the Best Airline Staff Service in the Middle East.</p>

<p style="text-align: justify;">Akbar Al Baker, Chief Executive of Qatar Airways Group said, &ldquo;It is a very proud moment for Qatar Airways to be named World&#39;s Best Business Class, Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East by the prestigious Skytrax World Airline Awards not only for myself, but for every individual at Qatar Airways who creates the passengers&rsquo; experience.&rdquo;</p>

<p style="text-align: justify;">&ldquo;Our commitment to continued success is unwavering and a testament to the dedication of our global teams. The airline&rsquo;s renowned service, modern aircraft and luxurious cabins, combined with an expanding global network, continue to set Qatar Airways apart from the competition,&rdquo; he added.</p>

<p style="text-align: justify;">The Skytrax World Airline Awards are widely known as the Passengers Choice Awards with millions of travelers, from 160 different countries, participating in passenger satisfaction surveys to decide the winners each year.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/qatar%202.jpg" style="height:422px; width:650px" /></p>

<p style="text-align: justify;">&nbsp;</p>
',
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simplexml_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
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3996',
			'article_category_id' => '1',
			'title' => 'Brij Cement Launches New Consumer Scheme',
			'sub_title' => '',
			'summary' => 'July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named ‘Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti’, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.',
			'content' => '<p style="text-align: justify;">July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named &lsquo;Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti&rsquo;, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.</p>

<p style="text-align: justify;">Issuing a statement, the company said that consumers through a scratch card can get a chance to win attractive prizes including Honda Shine Bike, refrigerators, mobile phones, vacuum cleaner, fan, steam iron and cash prizes.</p>

<p style="text-align: justify;">According to the company, the scheme will be for a limited edition of time and will be implemented all across the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3829',
			'image' => '20160718035459_brij.jpg',
			'article_date' => '2016-07-18 00:00:00',
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		'Article' => array(
			'id' => '3995',
			'article_category_id' => '1',
			'title' => 'Jenish Paints Unveiled Ecoseal Extra',
			'sub_title' => '',
			'summary' => 'July 18: Jenish Paints has unveiled new brand of paint ‘Ecoseal Extra’ in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.',
			'content' => '<p style="text-align: justify;">July 18: Jenish Paints has unveiled new brand of paint &lsquo;Ecoseal Extra&rsquo; in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.</p>

<p style="text-align: justify;">The company has informed that Ecoseal Extra is emulsion 1005 acrylic weatherproof paint which will make the outer look of the home brighter and attractive.</p>

<p style="text-align: justify;">According to the company, the paint is waterproof, mildew resistant, odourless, stain free and washable. The company has given 7 years warranty period on the paint. Jenish paints produces various types of water-based paints including distemper, emulsion, weather-coat, primer, wall putting, cement paint, enamel, wood primer and metal primer. &nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3828',
			'image' => '20160718032905_jenish.jpg',
			'article_date' => '2016-07-18 00:00:00',
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		'Article' => array(
			'id' => '3994',
			'article_category_id' => '1',
			'title' => 'Citizens Bank Acquires Premier Finance',
			'sub_title' => '',
			'summary' => 'July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance.',
			'content' => '<p style="text-align: justify;">July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance. After acquisition of Premier Finance, the paid-up capital of the bank has totalled Rs 3.10 billion. Meanwhile its deposit and loan has amounted to Rs 48.08 million and Rs 41.08 million respectively. Presently, the bank has 58 branches and 93 branchless banking units.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3827',
			'image' => '20160718112331_citi.jpg',
			'article_date' => '2016-07-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3993',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank gets Highest ever ICRA Rating ',
			'sub_title' => '',
			'summary' => 'July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted “[ICRANP-IR] AA" rating to the bank that indicates high credit quality and low credit risk.',
			'content' => '<p style="text-align:justify">July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted &ldquo;[ICRANP-IR] AA&quot; rating to the bank that indicates high credit quality and low credit risk.</p>

<p style="text-align:justify">Deepak Raj Kafle, Managing Director and CEO of ICRA Nepal handed over the rating certificate to Anukool Bhatnagar, MD &amp; CEO of Nepal SBI Bank amidst a ceremony held on July 17 herein the valley. &nbsp;</p>

<p style="text-align:justify">Nepal SBI Bank Ltd. has 73 offices (including 3 Regional Offices once each in Biratnagar, Nepalgunj and Kathmandu), 86 ATMs with E-corner, Mobile Banking and INB Utilities.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3826',
			'image' => '20160718110212_nepal-sbi.png.jpg',
			'article_date' => '2016-07-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3992',
			'article_category_id' => '1',
			'title' => ' EU Provides RS 6 Billion for Rehabilitation of Earthquake Survivors',
			'sub_title' => '',
			'summary' => 'July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme.',
			'content' => '<p style="text-align:justify">July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme. This delivers on the pledge made by EU Commissioner Neven Mimica in June 2015 during his visit to the country for the International Conference on Nepal&#39;s Reconstruction to substantially support the start-up phase of the recovery.</p>

<p style="text-align:justify">Issuing a press statement, EU said that the Post Disaster Recovery Framework (PDRF) of May 2016 guides the EU and the government&rsquo;s shared aspiration to help the earthquake-affected communities build their houses back better and safer. &#39;&#39;All stakeholders now need to rigorously focus determination, skills and energy on implementing the PDRF to rebuild houses, schools and other infrastructure. This is the moment to create more resilient, inclusive and prosperous communities in an accountable, transparent and sensitive way, and to inject more dynamism into Nepal&#39;s economy,&quot; said EU Ambassador Rensje Teerink on the occasion.</p>

<p style="text-align:justify">NEARR emphasises fostering of resilience and disaster preparedness, focuses on the most vulnerable people, as well as enhancing transparency and accountability in the reconstruction process and implementation capacity of the Government. In order to measure progress the EU and the Government of Nepal agreed on a set of indicators to be achieved for the disbursement of the second tranche of Rs 6 billion (EURO 50 million).&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3825',
			'image' => '20160717052034_eu.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3991',
			'article_category_id' => '1',
			'title' => 'Monetary Policy Target Difficult to Achieve: CNI',
			'sub_title' => '',
			'summary' => 'July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stab',
			'content' => '<p>July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stability as targeted by monetary policy. Earlier, after the announcement of monetary policy, CNI had declared that NRB has addressed many suggestions recommended by it.</p>

<p>CNI opined that the monetary policy contains some strong issues including increase in ceiling for conversion of mandatory consortium loan to Rs 1 billion from Rs 500 million. Similarly, increase in the frontier amount for importing goods from the third country through draft and TT to Rs 50,000 USD from Rs 40,000 USD has been also considered positive by CNI. Likewise, establishment of Infrastructure Development Bank, increase in ceiling for mandatory loan extension of commercial banks towards agriculture and energy sector and execution of BASEL-3 for upgrading banking system are some strong areas of monetary policy. Additionally, CNI has expressed its contentment on attention given to financial stability through expansion of financial services and foreign exchange management. CNI also believe that the banking system will further strengthen through interest rate corridor, quarterly evaluation and review of monetary policy and utilisation of 3 percent of total employee expenditure on training, skill and career development.</p>

<p>According to CNI, despite the policy has brought some new mechanisms, it has failed to address key issues required to develop industrial sector and promote investment. It said that the monetary policy has not taken significant step on diverting excess liquidity towards productive sector, accelerate industrial pace and increase investment along with creating employment opportunities. &ldquo;The NRB move of controlling broad money supply without timely modification of mandatory cash reserve ratio, statutory liquidity ratio and bank rate and reloan rate has created imbalance between monetary policy tools, internal target and final target,&rdquo; said CNI.</p>

<p>The policy also failed in addressing utilisation of excess foreign exchange reserve on infrastructure development and industrialisation. Similarly, CNI explained that the monetary policy has not brought clear provision on promotion of export, increase in purchasing power of domestic currency and expansion of competitive capacity building of export.</p>

<p>CNI claims that the provision of mandatory investment of 2 percent out of 5 percent total loan extension to deprived group will increase workload, administrative chaos and increase in operating cost of commercial banks. CNI suggested on rearrangement of some key issues having direct affect on the economy during the quarterly review of the monetary policy.</p>

<p>The monetary policy has targeted 6.5 percent economic growth and limit inflation on 7.5 percent. For this, growth in broad money supply should be limited to 17 percent through effective monetary and liquidity management.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3824',
			'image' => '20160717035434_cni.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3990',
			'article_category_id' => '1',
			'title' => 'KC Group to Add 100 MW of Electricity',
			'sub_title' => '',
			'summary' => 'July 17: KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.',
			'content' => '<p style="text-align: justify;">July 17:&nbsp;KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.</p>

<p style="text-align: justify;">&ldquo;With an objective to minimise the electricity shortage in the country, we are increasing investments in the sector. &nbsp;We have been investing with a target to produce 100 MW within the next five years,&rdquo; says Roshan KC, Director of the Group. &nbsp;KC, who is also an engineer adds, &ldquo;We will succeed to reach our target.&rdquo;</p>

<p style="text-align: justify;">According to the Group&rsquo;s Chairman Surya Bahadur KC, 90 percent of the construction of the Sikles Hydro project has been completed. &ldquo;We will start the commercial production by 2074 Poush.&rdquo; The project which has been under construction for the last three years was affected by earthquake, blockade and landslide. The Group has invested over Rs 2 billion in the project.</p>

<p style="text-align: justify;">Meanwhile, the Group has also finalised the power purchase agreement (PPA) of the Upper Madi Hydropower Project. As per KC, Prime bank will finance the project having capacity of 7MW. &ldquo;The construction work of the Rs 1.20 billion project will start from Ashwin, 2074.</p>

<p style="text-align: justify;">Similarly, the Group also plans to start the construction of Bijaypur-2 Hydroelectricity Project soon. &ldquo;The construction works of the 4.5 MW project with investment totaling Rs 900 million will start by next Ashwin,&rdquo; says KC.</p>

<p style="text-align: justify;">Meanwhile,the 36MW Jhyamulunga Hydropower Project is in the pipeline. &ldquo;The construction of the project with the estimated investment of Rs 5 billion will start soon,&rdquo; mentions KC.</p>

<p style="text-align: justify;">Likewie, the Group is preparing to start the construction of 20MW Upper Seti Hydropower Project. The investment for the project is estimated at Rs 3 billion.</p>

<p style="text-align: justify;">Other hydropower projects like Gandaki, Traaks and Bijaypur Hydropower are also being constructed under the leadership of Chairman KC, who is also the Executive Chairman of Himshree Foods. &ldquo;I have been investing for the development of hydropower sector in Nepal. &ldquo;Though there are investors interested in investing in the sector, we don&rsquo;t have a supportive environment for it,&rdquo; he says. &ldquo;We face lot of obstacles while trying to invest. Even after we produce the electricity, the producers face difficulties to connect it with national grid.&rdquo; &nbsp;He mentions that the problems are due to the lack of coordination between Energy and Finance Ministry and CIAA.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3823',
			'image' => '20160717033335_kc.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3989',
			'article_category_id' => '1',
			'title' => 'Khanal Elected ICAN President',
			'sub_title' => '',
			'summary' => 'July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President.  ',
			'content' => '<p style="text-align: justify;">July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President. &nbsp;</p>

<p style="text-align: justify;">Khanal served as the Vice President of the Council prior to the election. He completed his&nbsp; chartered accountancy from India in 1997. He is currently holding positions on various committees within the ICAN. Khanal is also a member in the Securities Board of Nepal (SEBON|) representing the ICAN.</p>

<p style="text-align: justify;">Meanwhile, the newly elected Vice President Thapa also completed chartered accountany course from India in 1995. He is on various committees within the ICAN while also represents the organisation in different institution.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3822',
			'image' => '20160717025309_ican.JPG',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3988',
			'article_category_id' => '1',
			'title' => 'LPG Association Facilitates Exchange of Gas Cylinders ',
			'sub_title' => '',
			'summary' => 'July 17: LPG consumers can exchange their brand of gas cylinders from July 17.  Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year’s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association. ',
			'content' => '<p style="text-align: justify;">July 17: LPG consumers can exchange their brand of gas cylinders from July 17. &nbsp;Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year&rsquo;s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the association, seven various industries can exchange the gas cylinders. Everest and Sugam Gas at Balkhu will exchange the cylinders of Shakti, Sahara, Mechi, Trishakti, Kankai, Rijal ko Bhanchha, Kamakhya and Prima brands from July 17. &nbsp;Likewise, Shree Ram Gas will exchange the cylinders of Koshi, Noble and Janaki brands from Harisiddhi of Lalitpur. Similarly, Manoj Gas will exchange the cylinders of Jagadamba, Super, Leo and Ambar brands from Kalanki.</p>

<p style="text-align: justify;"><br />
As per the association, Sagarmatha Gas will exchange the cylinders of Rapti, Bheri, New Bheri, Manakamana, Adesh and Radiant brands from Pepsicola. Nepal Gas will exchange cylinders of Narayani brand from Balaju. It is also informed that, the consumers can exchange cylinders of Arati, Swastik and Butwal brands from Lumbini Gas from Bafal. Issuing a press statement, the Association informed of initaing the facility as the dealers are charging huge sum from consumers while exchanging the brand of gas cylinders. The association informs that the consumers can exchange gas cylinders of mentioned brands for free from July 17 to July 22.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3821',
			'image' => '20160717023059_gas.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3987',
			'article_category_id' => '1',
			'title' => 'Revenue Collection Surpasses Target by Rs 6 Billion',
			'sub_title' => '',
			'summary' => 'July 17: The revenue collection in the last FY 2072/73 has exceeded the government’s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.',
			'content' => '<p style="text-align:justify">July 17: The revenue collection in the last FY 2072/73 has exceeded the government&rsquo;s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.&nbsp; According to the statistics of Financial Comptroller Office, till the second quarter of the last FY revenue collection fell short by Rs 50 billion than the target. However, by the end of the year, Rs 481 billion revenue has been collected exceeding the target by Rs 6 billion. The Ministry of Finance has targeted Rs 475 billion revenue collection in the beginning of the last FY.</p>

<p style="text-align:justify">The Finance Ministry had initiated various ideas and strategies from February of the last FY in a bid to collect targeted revenue and to cope with decreasing export and import along with domestic revenue due to the blockade. &ldquo;In an extreme condition too, Nepal has been enabled to achieve the revenue target through collection of old tax outstanding, account suspension of tax defaulters and reimbursement of development projects. Condition of bank and financial institutions and stock market is also fine,&rdquo; said Rajan Khanal, Revenue Secretary.</p>

<p style="text-align:justify">In order to achieve the revenue target, the government directed Nepal Telecommunication Authority to deposit Rs 10 billion, a dormant fund in its Trust in the revenue. &nbsp;Similarly, the matured loan amount paid by Nepal Oil Corporation worth Rs 12 billion has also contributed to meet the revenue target. Additionally, the government has auctioned age-old merchandise goods to achieve the revenue target.</p>

<p style="text-align:justify">The government also executed new regulations giving tax payer additional period to pay taxes till mid-July without penalties from earlier mid-March deadline. The government also implemented &lsquo;back-up plan&rsquo; since mid-March to recover revenue shortage.</p>

<p style="text-align:justify">The back-up plan included identification of new sector for revenue collection, collection of tax outstanding, increase in production through optimum use of resources and budget expenditure. Apart of it, reprioritisation of programs and extension of tax payment period were also comprises the plan. The government has targeted of collecting Rs 565 billion revenue in the current FY 2073/74.</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3820',
			'image' => '20160717125003_finance-ministy.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3986',
			'article_category_id' => '1',
			'title' => 'RBB and CIT Enters Central Depositary Agreement',
			'sub_title' => '',
			'summary' => 'July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust’s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.',
			'content' => '<p style="text-align: justify;">July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust&rsquo;s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.</p>

<p style="text-align: justify;">According to the agreement, collection and transfer of money of the Trust through ABBS will be made easier and facilitated from all the branches of RBB. The agreement will be implemented from the beginning of the new FY.</p>

<p style="text-align: justify;">After the agreement, all other accounts of CIT in the bank will be closed and transaction will be carried out from the branches included in ABBS of CIT which are Thapathali, Teku and Baneshwor branches. &nbsp;&ldquo;For that matter, the bank will provide different coloured vouchers for the Trust with account name and number,&rdquo; informed Uddav Silwal, Information Officer of CIT. The Trust have earlier finalised the same nature of agreement with Nepal Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3819',
			'image' => '20160717110856_cit.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3985',
			'article_category_id' => '1',
			'title' => 'NEPSE Extends Trading Period',
			'sub_title' => '',
			'summary' => 'July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY.',
			'content' => '<p style="text-align: justify;">July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY. NEPSE has extended the trading time due to the trading load after implementation of CDS system. Earlier, investors were also demanding extension in trading period at NEPSE. Along with the increased time period, NEPSE expects of increase in trading numbers and liquidity as well as maturation in the secondary market.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3818',
			'image' => '20160715044842_nepse.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3984',
			'article_category_id' => '1',
			'title' => 'SCB Nepal Bags ‘Euromoney Awards for Excellence’  2016 in succession',
			'sub_title' => '',
			'summary' => 'July 15: Standard Chartered Bank Nepal has been named the winner of ‘2016 Euromoney Awards for Excellence’ for Nepal by the Euromoney, a leading global publication in financial markets.  The Bank has won this Award in succession.',
			'content' => '<p>July 15: Standard Chartered Bank Nepal has been named the winner of <strong>&lsquo;</strong>2016 Euromoney Awards for Excellence&rsquo; for Nepal by the Euromoney, a leading global publication in financial markets.&nbsp; The Bank has won this Award in succession.</p>

<p>The&nbsp;Euromoney&nbsp;Awards for Excellence, which was announced on July 14, continues to be the most respected awards in the financial services industry. Issuing a press release, it has been informed that the recognition of Standard Chartered Bank has come as a result of its ability to deliver on its strategy, progress on its digital agenda, its ability to create differentiation and for maintaining reasonable business momentum despite challenges in year 2015. &nbsp;&nbsp;</p>

<p>Standard Chartered Bank Nepal had earlier won Bank of the Year, Euromoney and Global Finance&rsquo;s &lsquo; The World&rsquo;s Best Emerging Markets Banks&rsquo; &nbsp;award in the year 2015.&nbsp;</p>

<p>Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets and is recognised as a prime magazine of the wholesale financial world. &nbsp;Building on its established criteria of past years,&nbsp;Euromoney combines quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers.<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3817',
			'image' => '20160715042729_stc.JPG',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3983',
			'article_category_id' => '1',
			'title' => 'FCAN's Training to Construction Entrepreneurs of Mid-Western Development Region',
			'sub_title' => '',
			'summary' => 'July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN).',
			'content' => '<p style="text-align:justify">July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN). The training was provided to 40 construction entrepreneurs in Nepalgunj on Thursday. Vice-President of FCAN, Rudra Sharma urged everyone to be sensitive to the problem faced by the entrepreneurs as the construction business was ruined due to earthquake and unofficial blockade by India.</p>

<p style="text-align:justify">He said that the development of the country is impossible until the construction business is flourished. The participating entrepreneurs were trained by Bhim Khatiwada, Representative of Asian Development Bank, Narayan Subedi, chief tax officer of Internal Revenue Office, Nepalgunj, Dr. Ramhari Lamichhane, Member Secretary of Council for Technical Education and Vocational Training and Baburam Dahal, Legal Advisor of FCAN.</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3816',
			'image' => '20160715032741_cni.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3981',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Bags Skytrax Best Business Class Airline Award',
			'sub_title' => '',
			'summary' => 'July 15: Qatar Airways has won the World's Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. T',
			'content' => '<p style="text-align: justify;">July 15: Qatar Airways has won the World&#39;s Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. The airways was awarded as per the voting by air travelers. Similarly, the company was also entitled Best Business Class Airline Lounge and the Best Airline Staff Service in the Middle East.</p>

<p style="text-align: justify;">Akbar Al Baker, Chief Executive of Qatar Airways Group said, &ldquo;It is a very proud moment for Qatar Airways to be named World&#39;s Best Business Class, Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East by the prestigious Skytrax World Airline Awards not only for myself, but for every individual at Qatar Airways who creates the passengers&rsquo; experience.&rdquo;</p>

<p style="text-align: justify;">&ldquo;Our commitment to continued success is unwavering and a testament to the dedication of our global teams. The airline&rsquo;s renowned service, modern aircraft and luxurious cabins, combined with an expanding global network, continue to set Qatar Airways apart from the competition,&rdquo; he added.</p>

<p style="text-align: justify;">The Skytrax World Airline Awards are widely known as the Passengers Choice Awards with millions of travelers, from 160 different countries, participating in passenger satisfaction surveys to decide the winners each year.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/qatar%202.jpg" style="height:422px; width:650px" /></p>

<p style="text-align: justify;">&nbsp;</p>
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '3996',
			'article_category_id' => '1',
			'title' => 'Brij Cement Launches New Consumer Scheme',
			'sub_title' => '',
			'summary' => 'July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named ‘Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti’, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.',
			'content' => '<p style="text-align: justify;">July 18: Brij Cement, a product of Kedia Organisation has introduced a new consumer scheme, named &lsquo;Aruko Saya Choti, Brij Super Premium Cement Ko Ekaichoti&rsquo;, for its consumers. According to the scheme, Consumers buying a minimum of 25 sacks of Brij Cement will get a scratch card.</p>

<p style="text-align: justify;">Issuing a statement, the company said that consumers through a scratch card can get a chance to win attractive prizes including Honda Shine Bike, refrigerators, mobile phones, vacuum cleaner, fan, steam iron and cash prizes.</p>

<p style="text-align: justify;">According to the company, the scheme will be for a limited edition of time and will be implemented all across the country.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3829',
			'image' => '20160718035459_brij.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3995',
			'article_category_id' => '1',
			'title' => 'Jenish Paints Unveiled Ecoseal Extra',
			'sub_title' => '',
			'summary' => 'July 18: Jenish Paints has unveiled new brand of paint ‘Ecoseal Extra’ in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.',
			'content' => '<p style="text-align: justify;">July 18: Jenish Paints has unveiled new brand of paint &lsquo;Ecoseal Extra&rsquo; in the Nepali market. Ram Chandra Khatri, Acting Chairman of Paint Dealers Associations launched Ecoseal Extra amid a program on July 16.</p>

<p style="text-align: justify;">The company has informed that Ecoseal Extra is emulsion 1005 acrylic weatherproof paint which will make the outer look of the home brighter and attractive.</p>

<p style="text-align: justify;">According to the company, the paint is waterproof, mildew resistant, odourless, stain free and washable. The company has given 7 years warranty period on the paint. Jenish paints produces various types of water-based paints including distemper, emulsion, weather-coat, primer, wall putting, cement paint, enamel, wood primer and metal primer. &nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3828',
			'image' => '20160718032905_jenish.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3994',
			'article_category_id' => '1',
			'title' => 'Citizens Bank Acquires Premier Finance',
			'sub_title' => '',
			'summary' => 'July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance.',
			'content' => '<p style="text-align: justify;">July 18: Citizens Bank international has acquired Premier Finance Company and started joint transaction from Sunday, July 17. Earlier, Citizens Bank has acquired Nepal Housing and Merchant Finance and Peoples Finance. After acquisition of Premier Finance, the paid-up capital of the bank has totalled Rs 3.10 billion. Meanwhile its deposit and loan has amounted to Rs 48.08 million and Rs 41.08 million respectively. Presently, the bank has 58 branches and 93 branchless banking units.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3827',
			'image' => '20160718112331_citi.jpg',
			'article_date' => '2016-07-18 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '3993',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank gets Highest ever ICRA Rating ',
			'sub_title' => '',
			'summary' => 'July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted “[ICRANP-IR] AA" rating to the bank that indicates high credit quality and low credit risk.',
			'content' => '<p style="text-align:justify">July 18: Nepal SBI Bank gets the highest ever ICRA rating provided to any listed companies of Nepal. ICRA Nepal has granted &ldquo;[ICRANP-IR] AA&quot; rating to the bank that indicates high credit quality and low credit risk.</p>

<p style="text-align:justify">Deepak Raj Kafle, Managing Director and CEO of ICRA Nepal handed over the rating certificate to Anukool Bhatnagar, MD &amp; CEO of Nepal SBI Bank amidst a ceremony held on July 17 herein the valley. &nbsp;</p>

<p style="text-align:justify">Nepal SBI Bank Ltd. has 73 offices (including 3 Regional Offices once each in Biratnagar, Nepalgunj and Kathmandu), 86 ATMs with E-corner, Mobile Banking and INB Utilities.&nbsp;</p>
',
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			'created' => '2016-07-18',
			'modified' => '2016-07-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3826',
			'image' => '20160718110212_nepal-sbi.png.jpg',
			'article_date' => '2016-07-18 00:00:00',
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			'id' => '3992',
			'article_category_id' => '1',
			'title' => ' EU Provides RS 6 Billion for Rehabilitation of Earthquake Survivors',
			'sub_title' => '',
			'summary' => 'July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme.',
			'content' => '<p style="text-align:justify">July 17: European Union (EU) has provided Nepal government Rs 6 billion (EURO 50 million) as the first tranche of the Nepal - EU Action for Recovery and Reconstruction (NEARR) budget support programme. This delivers on the pledge made by EU Commissioner Neven Mimica in June 2015 during his visit to the country for the International Conference on Nepal&#39;s Reconstruction to substantially support the start-up phase of the recovery.</p>

<p style="text-align:justify">Issuing a press statement, EU said that the Post Disaster Recovery Framework (PDRF) of May 2016 guides the EU and the government&rsquo;s shared aspiration to help the earthquake-affected communities build their houses back better and safer. &#39;&#39;All stakeholders now need to rigorously focus determination, skills and energy on implementing the PDRF to rebuild houses, schools and other infrastructure. This is the moment to create more resilient, inclusive and prosperous communities in an accountable, transparent and sensitive way, and to inject more dynamism into Nepal&#39;s economy,&quot; said EU Ambassador Rensje Teerink on the occasion.</p>

<p style="text-align:justify">NEARR emphasises fostering of resilience and disaster preparedness, focuses on the most vulnerable people, as well as enhancing transparency and accountability in the reconstruction process and implementation capacity of the Government. In order to measure progress the EU and the Government of Nepal agreed on a set of indicators to be achieved for the disbursement of the second tranche of Rs 6 billion (EURO 50 million).&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3825',
			'image' => '20160717052034_eu.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '3991',
			'article_category_id' => '1',
			'title' => 'Monetary Policy Target Difficult to Achieve: CNI',
			'sub_title' => '',
			'summary' => 'July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stab',
			'content' => '<p>July 17: Confederation of Nepalese Industry (CNI) doubts on achieving monetary policy target announced by Nepal Rastra Bank (NRB). According to CNI, although NRB has addressed many suggestions recommended by CNI, other many important issues have been left unattended resulting difficulty in achieving economic growth and price stability as targeted by monetary policy. Earlier, after the announcement of monetary policy, CNI had declared that NRB has addressed many suggestions recommended by it.</p>

<p>CNI opined that the monetary policy contains some strong issues including increase in ceiling for conversion of mandatory consortium loan to Rs 1 billion from Rs 500 million. Similarly, increase in the frontier amount for importing goods from the third country through draft and TT to Rs 50,000 USD from Rs 40,000 USD has been also considered positive by CNI. Likewise, establishment of Infrastructure Development Bank, increase in ceiling for mandatory loan extension of commercial banks towards agriculture and energy sector and execution of BASEL-3 for upgrading banking system are some strong areas of monetary policy. Additionally, CNI has expressed its contentment on attention given to financial stability through expansion of financial services and foreign exchange management. CNI also believe that the banking system will further strengthen through interest rate corridor, quarterly evaluation and review of monetary policy and utilisation of 3 percent of total employee expenditure on training, skill and career development.</p>

<p>According to CNI, despite the policy has brought some new mechanisms, it has failed to address key issues required to develop industrial sector and promote investment. It said that the monetary policy has not taken significant step on diverting excess liquidity towards productive sector, accelerate industrial pace and increase investment along with creating employment opportunities. &ldquo;The NRB move of controlling broad money supply without timely modification of mandatory cash reserve ratio, statutory liquidity ratio and bank rate and reloan rate has created imbalance between monetary policy tools, internal target and final target,&rdquo; said CNI.</p>

<p>The policy also failed in addressing utilisation of excess foreign exchange reserve on infrastructure development and industrialisation. Similarly, CNI explained that the monetary policy has not brought clear provision on promotion of export, increase in purchasing power of domestic currency and expansion of competitive capacity building of export.</p>

<p>CNI claims that the provision of mandatory investment of 2 percent out of 5 percent total loan extension to deprived group will increase workload, administrative chaos and increase in operating cost of commercial banks. CNI suggested on rearrangement of some key issues having direct affect on the economy during the quarterly review of the monetary policy.</p>

<p>The monetary policy has targeted 6.5 percent economic growth and limit inflation on 7.5 percent. For this, growth in broad money supply should be limited to 17 percent through effective monetary and liquidity management.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3824',
			'image' => '20160717035434_cni.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3990',
			'article_category_id' => '1',
			'title' => 'KC Group to Add 100 MW of Electricity',
			'sub_title' => '',
			'summary' => 'July 17: KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.',
			'content' => '<p style="text-align: justify;">July 17:&nbsp;KC Group, the Pokhara-based industrial family is extending its investment in the hydropower sector. Aiming to produce 100MW electricity within the five years, the company is constructing various projects. Three projects constructed by the Group are already running while some are under construction and other are in the pipeline.</p>

<p style="text-align: justify;">&ldquo;With an objective to minimise the electricity shortage in the country, we are increasing investments in the sector. &nbsp;We have been investing with a target to produce 100 MW within the next five years,&rdquo; says Roshan KC, Director of the Group. &nbsp;KC, who is also an engineer adds, &ldquo;We will succeed to reach our target.&rdquo;</p>

<p style="text-align: justify;">According to the Group&rsquo;s Chairman Surya Bahadur KC, 90 percent of the construction of the Sikles Hydro project has been completed. &ldquo;We will start the commercial production by 2074 Poush.&rdquo; The project which has been under construction for the last three years was affected by earthquake, blockade and landslide. The Group has invested over Rs 2 billion in the project.</p>

<p style="text-align: justify;">Meanwhile, the Group has also finalised the power purchase agreement (PPA) of the Upper Madi Hydropower Project. As per KC, Prime bank will finance the project having capacity of 7MW. &ldquo;The construction work of the Rs 1.20 billion project will start from Ashwin, 2074.</p>

<p style="text-align: justify;">Similarly, the Group also plans to start the construction of Bijaypur-2 Hydroelectricity Project soon. &ldquo;The construction works of the 4.5 MW project with investment totaling Rs 900 million will start by next Ashwin,&rdquo; says KC.</p>

<p style="text-align: justify;">Meanwhile,the 36MW Jhyamulunga Hydropower Project is in the pipeline. &ldquo;The construction of the project with the estimated investment of Rs 5 billion will start soon,&rdquo; mentions KC.</p>

<p style="text-align: justify;">Likewie, the Group is preparing to start the construction of 20MW Upper Seti Hydropower Project. The investment for the project is estimated at Rs 3 billion.</p>

<p style="text-align: justify;">Other hydropower projects like Gandaki, Traaks and Bijaypur Hydropower are also being constructed under the leadership of Chairman KC, who is also the Executive Chairman of Himshree Foods. &ldquo;I have been investing for the development of hydropower sector in Nepal. &ldquo;Though there are investors interested in investing in the sector, we don&rsquo;t have a supportive environment for it,&rdquo; he says. &ldquo;We face lot of obstacles while trying to invest. Even after we produce the electricity, the producers face difficulties to connect it with national grid.&rdquo; &nbsp;He mentions that the problems are due to the lack of coordination between Energy and Finance Ministry and CIAA.&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3823',
			'image' => '20160717033335_kc.jpg',
			'article_date' => '2016-07-17 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3989',
			'article_category_id' => '1',
			'title' => 'Khanal Elected ICAN President',
			'sub_title' => '',
			'summary' => 'July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President.  ',
			'content' => '<p style="text-align: justify;">July 17: CA Mahesh Khnal has been uninamously elected President of the Council of Institute of Chartered Accountants of Nepal (ICAN). The election for the second term of the seventh Council held on July 15 also uninamously elected CA Prakash Jung Thapa as the Vice President. &nbsp;</p>

<p style="text-align: justify;">Khanal served as the Vice President of the Council prior to the election. He completed his&nbsp; chartered accountancy from India in 1997. He is currently holding positions on various committees within the ICAN. Khanal is also a member in the Securities Board of Nepal (SEBON|) representing the ICAN.</p>

<p style="text-align: justify;">Meanwhile, the newly elected Vice President Thapa also completed chartered accountany course from India in 1995. He is on various committees within the ICAN while also represents the organisation in different institution.&nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3822',
			'image' => '20160717025309_ican.JPG',
			'article_date' => '2016-07-17 00:00:00',
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		'Article' => array(
			'id' => '3988',
			'article_category_id' => '1',
			'title' => 'LPG Association Facilitates Exchange of Gas Cylinders ',
			'sub_title' => '',
			'summary' => 'July 17: LPG consumers can exchange their brand of gas cylinders from July 17.  Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year’s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association. ',
			'content' => '<p style="text-align: justify;">July 17: LPG consumers can exchange their brand of gas cylinders from July 17. &nbsp;Kathmandu residents who were forced to buy cooking gas cylinders of the companies based outside the valley during the last year&rsquo;s fuel crisis will be able to exchange them for local brands designated by the Nepal LP Gas Industry Association.&nbsp;</p>

<p style="text-align: justify;"><br />
According to the association, seven various industries can exchange the gas cylinders. Everest and Sugam Gas at Balkhu will exchange the cylinders of Shakti, Sahara, Mechi, Trishakti, Kankai, Rijal ko Bhanchha, Kamakhya and Prima brands from July 17. &nbsp;Likewise, Shree Ram Gas will exchange the cylinders of Koshi, Noble and Janaki brands from Harisiddhi of Lalitpur. Similarly, Manoj Gas will exchange the cylinders of Jagadamba, Super, Leo and Ambar brands from Kalanki.</p>

<p style="text-align: justify;"><br />
As per the association, Sagarmatha Gas will exchange the cylinders of Rapti, Bheri, New Bheri, Manakamana, Adesh and Radiant brands from Pepsicola. Nepal Gas will exchange cylinders of Narayani brand from Balaju. It is also informed that, the consumers can exchange cylinders of Arati, Swastik and Butwal brands from Lumbini Gas from Bafal. Issuing a press statement, the Association informed of initaing the facility as the dealers are charging huge sum from consumers while exchanging the brand of gas cylinders. The association informs that the consumers can exchange gas cylinders of mentioned brands for free from July 17 to July 22.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '3821',
			'image' => '20160717023059_gas.jpg',
			'article_date' => '2016-07-17 00:00:00',
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		'Article' => array(
			'id' => '3987',
			'article_category_id' => '1',
			'title' => 'Revenue Collection Surpasses Target by Rs 6 Billion',
			'sub_title' => '',
			'summary' => 'July 17: The revenue collection in the last FY 2072/73 has exceeded the government’s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.',
			'content' => '<p style="text-align:justify">July 17: The revenue collection in the last FY 2072/73 has exceeded the government&rsquo;s target by Rs 6 billion. In the beginning of the last FY, the revenue collection during the year was expected to fall short due to the devastating earthquake followed by the blockade resulting degraded investment environment and demobilised capital flow.&nbsp; According to the statistics of Financial Comptroller Office, till the second quarter of the last FY revenue collection fell short by Rs 50 billion than the target. However, by the end of the year, Rs 481 billion revenue has been collected exceeding the target by Rs 6 billion. The Ministry of Finance has targeted Rs 475 billion revenue collection in the beginning of the last FY.</p>

<p style="text-align:justify">The Finance Ministry had initiated various ideas and strategies from February of the last FY in a bid to collect targeted revenue and to cope with decreasing export and import along with domestic revenue due to the blockade. &ldquo;In an extreme condition too, Nepal has been enabled to achieve the revenue target through collection of old tax outstanding, account suspension of tax defaulters and reimbursement of development projects. Condition of bank and financial institutions and stock market is also fine,&rdquo; said Rajan Khanal, Revenue Secretary.</p>

<p style="text-align:justify">In order to achieve the revenue target, the government directed Nepal Telecommunication Authority to deposit Rs 10 billion, a dormant fund in its Trust in the revenue. &nbsp;Similarly, the matured loan amount paid by Nepal Oil Corporation worth Rs 12 billion has also contributed to meet the revenue target. Additionally, the government has auctioned age-old merchandise goods to achieve the revenue target.</p>

<p style="text-align:justify">The government also executed new regulations giving tax payer additional period to pay taxes till mid-July without penalties from earlier mid-March deadline. The government also implemented &lsquo;back-up plan&rsquo; since mid-March to recover revenue shortage.</p>

<p style="text-align:justify">The back-up plan included identification of new sector for revenue collection, collection of tax outstanding, increase in production through optimum use of resources and budget expenditure. Apart of it, reprioritisation of programs and extension of tax payment period were also comprises the plan. The government has targeted of collecting Rs 565 billion revenue in the current FY 2073/74.</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3820',
			'image' => '20160717125003_finance-ministy.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3986',
			'article_category_id' => '1',
			'title' => 'RBB and CIT Enters Central Depositary Agreement',
			'sub_title' => '',
			'summary' => 'July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust’s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.',
			'content' => '<p style="text-align: justify;">July 17: Rastriya Banijya Bank (RBB) and Citizen Investment Trust (CIT) have finalised an agreement regarding depositing Trust&rsquo;s money in the central account of the bank. Kiran Kumar Shrestha, CEO of RBB and Ram Krishna Pokharel, Executive Director CIT signed the agreement on behalf of their organisation.</p>

<p style="text-align: justify;">According to the agreement, collection and transfer of money of the Trust through ABBS will be made easier and facilitated from all the branches of RBB. The agreement will be implemented from the beginning of the new FY.</p>

<p style="text-align: justify;">After the agreement, all other accounts of CIT in the bank will be closed and transaction will be carried out from the branches included in ABBS of CIT which are Thapathali, Teku and Baneshwor branches. &nbsp;&ldquo;For that matter, the bank will provide different coloured vouchers for the Trust with account name and number,&rdquo; informed Uddav Silwal, Information Officer of CIT. The Trust have earlier finalised the same nature of agreement with Nepal Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-17',
			'modified' => '2016-07-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3819',
			'image' => '20160717110856_cit.jpg',
			'article_date' => '2016-07-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3985',
			'article_category_id' => '1',
			'title' => 'NEPSE Extends Trading Period',
			'sub_title' => '',
			'summary' => 'July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY.',
			'content' => '<p style="text-align: justify;">July 15: Nepal stock exchange has extended trading period from 3 hours to 4 hours. Now onwards, trading in NEPSE will take place from 11 am to 3pm. The decision will be implemented from the beginning of the upcoming FY. NEPSE has extended the trading time due to the trading load after implementation of CDS system. Earlier, investors were also demanding extension in trading period at NEPSE. Along with the increased time period, NEPSE expects of increase in trading numbers and liquidity as well as maturation in the secondary market.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3818',
			'image' => '20160715044842_nepse.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3984',
			'article_category_id' => '1',
			'title' => 'SCB Nepal Bags ‘Euromoney Awards for Excellence’  2016 in succession',
			'sub_title' => '',
			'summary' => 'July 15: Standard Chartered Bank Nepal has been named the winner of ‘2016 Euromoney Awards for Excellence’ for Nepal by the Euromoney, a leading global publication in financial markets.  The Bank has won this Award in succession.',
			'content' => '<p>July 15: Standard Chartered Bank Nepal has been named the winner of <strong>&lsquo;</strong>2016 Euromoney Awards for Excellence&rsquo; for Nepal by the Euromoney, a leading global publication in financial markets.&nbsp; The Bank has won this Award in succession.</p>

<p>The&nbsp;Euromoney&nbsp;Awards for Excellence, which was announced on July 14, continues to be the most respected awards in the financial services industry. Issuing a press release, it has been informed that the recognition of Standard Chartered Bank has come as a result of its ability to deliver on its strategy, progress on its digital agenda, its ability to create differentiation and for maintaining reasonable business momentum despite challenges in year 2015. &nbsp;&nbsp;</p>

<p>Standard Chartered Bank Nepal had earlier won Bank of the Year, Euromoney and Global Finance&rsquo;s &lsquo; The World&rsquo;s Best Emerging Markets Banks&rsquo; &nbsp;award in the year 2015.&nbsp;</p>

<p>Euromoney magazine was created in 1969 to cover the re-emergence of the international cross-border capital markets and is recognised as a prime magazine of the wholesale financial world. &nbsp;Building on its established criteria of past years,&nbsp;Euromoney combines quantitative data with informed and important subjective judgments to honour those institutions that have brought the highest levels of service, innovation and expertise to their customers.<br />
&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3817',
			'image' => '20160715042729_stc.JPG',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3983',
			'article_category_id' => '1',
			'title' => 'FCAN's Training to Construction Entrepreneurs of Mid-Western Development Region',
			'sub_title' => '',
			'summary' => 'July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN).',
			'content' => '<p style="text-align:justify">July 15: The training of procurement management, tax system and purchase management was given to the construction entrepreneurs of mid-western development region. The training was organised under the management of planning, research and development committee of Federation Contractors Association of Nepal (FCAN). The training was provided to 40 construction entrepreneurs in Nepalgunj on Thursday. Vice-President of FCAN, Rudra Sharma urged everyone to be sensitive to the problem faced by the entrepreneurs as the construction business was ruined due to earthquake and unofficial blockade by India.</p>

<p style="text-align:justify">He said that the development of the country is impossible until the construction business is flourished. The participating entrepreneurs were trained by Bhim Khatiwada, Representative of Asian Development Bank, Narayan Subedi, chief tax officer of Internal Revenue Office, Nepalgunj, Dr. Ramhari Lamichhane, Member Secretary of Council for Technical Education and Vocational Training and Baburam Dahal, Legal Advisor of FCAN.</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3816',
			'image' => '20160715032741_cni.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3981',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Bags Skytrax Best Business Class Airline Award',
			'sub_title' => '',
			'summary' => 'July 15: Qatar Airways has won the World's Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. T',
			'content' => '<p style="text-align: justify;">July 15: Qatar Airways has won the World&#39;s Best Business Class title at 2016 Skytrax World Airline Awards held at Farnborough International Airshow in the United Kingdom. The airways was awarded as per the voting by air travelers. Similarly, the company was also entitled Best Business Class Airline Lounge and the Best Airline Staff Service in the Middle East.</p>

<p style="text-align: justify;">Akbar Al Baker, Chief Executive of Qatar Airways Group said, &ldquo;It is a very proud moment for Qatar Airways to be named World&#39;s Best Business Class, Best Business Class Airline Lounge and Best Airline Staff Service in the Middle East by the prestigious Skytrax World Airline Awards not only for myself, but for every individual at Qatar Airways who creates the passengers&rsquo; experience.&rdquo;</p>

<p style="text-align: justify;">&ldquo;Our commitment to continued success is unwavering and a testament to the dedication of our global teams. The airline&rsquo;s renowned service, modern aircraft and luxurious cabins, combined with an expanding global network, continue to set Qatar Airways apart from the competition,&rdquo; he added.</p>

<p style="text-align: justify;">The Skytrax World Airline Awards are widely known as the Passengers Choice Awards with millions of travelers, from 160 different countries, participating in passenger satisfaction surveys to decide the winners each year.</p>

<p style="text-align: justify;"><img alt="" src="/userfiles/images/qatar%202.jpg" style="height:422px; width:650px" /></p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-07-15',
			'modified' => '2016-07-15',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3814',
			'image' => '20160715030338_qatar.jpg',
			'article_date' => '2016-07-15 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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