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Code Context
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			'id' => '3372',
			'article_category_id' => '1',
			'title' => 'Remittance Grew by 15.2 % : NRB ',
			'sub_title' => '',
			'summary' => 'April 20: The ‘Current Macroeconomic and Financial Situation of Nepal’,  a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.  Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year.  ',
			'content' => '<p style="text-align: justify;">April 20: The &lsquo;Current Macroeconomic and Financial Situation of Nepal&rsquo;, &nbsp;a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.</p>

<p style="text-align: justify;">Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year. &nbsp;</p>

<p style="text-align: justify;">The report signifies that the number of workers going abroad for foreign employment, which directly affect the remittance, has decreased in the review period. The number of Nepalese workers seeking foreign employment, based on final approval for foreign employment, has decreased by 23.2 percent in the first eight months of 2015/16. It had increased by 17.1 percent in the same period of the previous year.&nbsp;</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
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			'description' => '',
			'sortorder' => '3209',
			'image' => '20160420024819_remittance.jpg',
			'article_date' => '2016-04-20 00:00:00',
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		'Article' => array(
			'id' => '3371',
			'article_category_id' => '1',
			'title' => 'Merchandise Export Declines 24.9%, Import Drops 13.9 %',
			'sub_title' => '',
			'summary' => 'April 20:  Recently published ‘Macroeconomic and Financial Situation of Nepal’ by Nepal Rastra Bank shows that in the eight months of 2015/16, merchandise exports has dropped by 24.9 percent to Rs. 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. NRB statistics  reveals that exports to India has fallen by 34.5 percent, China by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheet, textiles, GI pipe, juice, among others to India; tanned skin, noodles, readymade garments, among others to China; and pulses, tanned skin, readymade leather goods, tea, among others to other countries decreased.',
			'content' => '<p style="text-align:justify">April 20: Merchandise exports and imports have sharply dropped in the eight months of the current fiscal year, a new Nepal Rastra Bank (NRB) data shows. According to the recently published Macroeconomic and Financial Situation of Nepal, merchandise exports has dropped by 24.9 percent to Rs 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. The new NRB statistics reveals that exports to India has declined by 34.5 percent whereas, exports to China has decreased by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheets, textiles, GI pipes, juices, among others to India, tanned skin, noodles, readymade garments, among others to China and pulses, tanned skin, readymade leather goods and tea to other countries have declined.</p>

<p style="text-align:justify">&nbsp;Similarly, merchandise imports have dropped by 13.9 percent to Rs 435.80 billion in the review period as against a growth of 10.5 percent in the same period of the previous year. In the review period, imports from India have decreased by 19.3 percent, China by 2 percent and other countries by 6.1 percent. Commodity wise, import of petroleum products, MS billets, chemical fertilizers, machinery and parts from India have declined. Similarly, machinery and parts, electrical goods, medical equipments and parts, steel rod and sheet, among others from China have dropped. Likewise, silver, edible oil, crude palm oil, copper wire, among others from other countries have also decreased.</p>

<p style="text-align:justify">Due to the decrease in exports and imports, trade deficit of the country has also contracted by 12.5 percent to Rs 393.07 billion in the review period compared to an expansion of 13.1 percent in the same period of the previous year. The export-import ratio has dropped to 9.8 percent in the review period from 11.2 percent in the same period of the previous year.&nbsp;</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
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			'description' => '',
			'sortorder' => '3208',
			'image' => '20160420022314_foreign trade.jpg',
			'article_date' => '2016-04-20 00:00:00',
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		'Article' => array(
			'id' => '3370',
			'article_category_id' => '1',
			'title' => 'Inflation Fell to 10.2 % in Mid-March',
			'sub_title' => '',
			'summary' => 'April 20: As per the current ‘Macroeconomic and Financial Situation of Nepal’ published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016. NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.',
			'content' => '<p style="text-align:justify">April 20: As per the current &lsquo;Macroeconomic and Financial Situation of Nepal&rsquo; published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016.&nbsp;NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p>

<p style="text-align:justify">Based on the eight months&rsquo; data of 2015/16, NRB statistics shows that food and beverage group inflation saw a pickup of 10.3 percent, non-food and services group inflation showed a growth of 10.2 percent in mid-March 2016.</p>

<p style="text-align:justify">Food and beverage items such as pulses and legumes sub-group and ghee and oil subgroup saw a price rise of 31.6 percent and 18.8 percent respectively in the review period. Likewise, prices of spices sub-group and clothes and footwear sub-group saw a growth of 16.6 percent and 15.3 percent respectively. 8. Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 12.7 percent followed by Hilly region at 10.4 percent, Terai region at 8.6 percent and Mountain region at 8.5 percent in the review period. Last year, both the Kathmandu Valley and the Hilly region had seen the same inflation rate of 7.1 percent followed 6.9 percent in the Terai region.</p>

<p style="text-align:justify">Likewise, the y-o-y wholesale price inflation rose 5.5 percent during the review period. It had seen the same percentage growth in the same period of the previous year. The wholesale price inflation of agricultural commodities and domestic manufactured commodities registered a growth of 9.1 percent and 6.3 percent respectively, whereas such inflation of imported commodities showed a decline of 2.8 percent in the review period. In the same period of the previous year, the increments in agricultural commodities and domestic manufactured commodities were 8.4 percent and 6 percent respectively whereas the price index of imported commodities had seen a decline of 0.8 percent.</p>
',
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		'Article' => array(
			'id' => '3369',
			'article_category_id' => '34',
			'title' => 'SEBON Directs NEPSE to Formulate Contemporary Regulations',
			'sub_title' => '',
			'summary' => 'April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.  SEBON clarifies “Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.” SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems',
			'content' => '<p style="text-align: justify;">April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.</p>

<p style="text-align: justify;">SEBON clarifies &ldquo;Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.&rdquo; SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems outdated in today&rsquo;s period.</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3206',
			'image' => '20160420011220_sec.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '3368',
			'article_category_id' => '1',
			'title' => 'Citizens Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank’s President Sankar Prasad Sharma chaired the program.  “As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,” informs the bank issuing a press statement.  Similarly, bank also organized golf and futsal competitions on the occasion.',
			'content' => '<p style="text-align: justify;">April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank&rsquo;s President Sankar Prasad Sharma chaired the program.</p>

<p style="text-align: justify;">&ldquo;As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,&rdquo; informs the bank issuing a press statement.&nbsp; Similarly, bank also organized golf and futsal competitions on the occasion.</p>

<p style="text-align: justify;">&ldquo;The bank has contributed Rs 1.5 million along with sports sponsorship,&rdquo; reads the statement. The bank also organized a rally to create awareness about banking on the same day. The bank has been providing services through its 56 branches and 46 ATM across the country.</p>

<p style="text-align: justify;">&ldquo;The bank has registered operating profit of Rs 758.8 million with the deposit collection of Rs 4.43 billion and providing loans of Rs 3.78 billion in the current fiscal year,&rdquo; informs Ganesh Raj Pokharel, Deputy CEO and Spokesperson of the company.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-04-20',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3205',
			'image' => '20160420123320_ctz.jpg',
			'article_date' => '2016-04-20 00:00:00',
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		'Article' => array(
			'id' => '3367',
			'article_category_id' => '1',
			'title' => 'Kaymu Brings Beat the Heat Summer Electronic Madness  ',
			'sub_title' => '',
			'summary' => 'April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.  “Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign ‘Beat the Heat’,” states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.',
			'content' => '<p style="text-align: justify;">April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.</p>

<p style="text-align: justify;">&ldquo;Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign &lsquo;Beat the Heat&rsquo;,&rdquo; states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.</p>

<p style="text-align: justify;">The campaign starting from today highlights large assortment of electronic home appliances like refrigerators, coolers, fans, mixer grinders, washing machine, LED TVs and other home essentials from famous brands such as CG, Samsung, Hisense, Homeglory, Philips, Yasuda, Sony, Videocon and Panasonic. &ldquo;This one of a kind sale is offering upto 15 percent discount on electronic items with an additional home delivery facility,&rdquo; reads the statement.</p>

<p style="text-align: justify;">&ldquo;We believe this exclusive offer will benefit the customers to keep cool in this year&rsquo;s scorching summer,&rdquo; says Rajeev Amatya, Managing Director of Kaymu Nepal.</p>

<p style="text-align: justify;">According to the company, the offer is valid till April 30. Buyers can download Kaymu app in their mobile phones or shop online and get desired products.</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3204',
			'image' => '20160420121940_kaymu.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '3366',
			'article_category_id' => '1',
			'title' => 'Net Profit of Manjushree Financial Institution Increased by 2.5 Times',
			'sub_title' => '',
			'summary' => 'April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.  Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.',
			'content' => '<p style="text-align: justify;">April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.</p>

<p style="text-align: justify;">Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.</p>

<p style="text-align: justify;">Interest income of the company has increased by 31.56 percent to Rs 185.1 million while interest expense has increased by 17 percent to Rs 115.5 million. Employee expenses, other operational expenses and total operating profit has increased by 20.98 percent, 3.52 percent and 38.42 percent respectively. Similarly, fixed asset of the company has decreased by 8.79 percent to Rs 11.8 million &nbsp;&nbsp;whereas other asset has increased by 45.15 percent to Rs 77.5 million.</p>

<p style="text-align: justify;">Likewise, inactive debt of the company is at 4.52 percent. Capital fund adequacy of the company stands at 15 percent and capital fund expenditure is at 6.97 percent. CD ratio of the company has increased to 79 percent which is 11.34 percent growth than the corresponding period of previous FY. In the third quarter of the current FY, company earnings per share is at 17.56 percent , P/E ratio is 13 times and net worth per share stands at 2 times.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3203',
			'image' => '20160420110532_manjushree.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '3365',
			'article_category_id' => '1',
			'title' => 'State Revenue Worth Millions in Stake',
			'sub_title' => '4G Frequency',
			'summary' => 'April 19: While preparations are underway for operating 4G services based on the policy of ‘Technology Neutrality’, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.  The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.',
			'content' => '<p style="text-align:justify">April 19: While preparations are underway for operating 4G services based on the policy of &lsquo;Technology Neutrality&rsquo;, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.</p>

<p style="text-align:justify">The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.</p>

<p style="text-align:justify">Nepal Telecommunication Authority (NTA) is already distributing frequency of 1800 band for 2G and GSM. And the frequency policy has accepted that there is no possibility of auction bidding for these frequencies as these are already being distributed. Now as 4G frequency too could not be priced on the basis of auction bidding, this is going to affect the government revenue directly. There is worldwide practice of pricing this kind of natural resources through auction bidding.</p>

<p style="text-align:justify">However, Digambar Jha, Chairman of NTA, claims, &ldquo;there will be little effect on government revenue as the revenue which is supposed to be received through frequency will be recovered from the fee that the government will get for frequency license and renewal of the license.&rdquo; According to present practice in Nepal, service provider needs to pay Rs 357.5 million for basic telephone services and Rs 20.132 billion for renewal fees every 10 years.</p>

<p style="text-align:justify">NTA has moved ahead with preparation of operating 4G services based on the policy of Technology Neutrality. NTA has informed that as per the policy, service provider will be awarded 1800 band which is considered as &lsquo;Golden Band&rsquo; to operate 4G service.</p>

<p style="text-align:justify">The existing frequency policy has fixed the fee of allocated minimum frequency of 1800 band &nbsp;at &nbsp;0.4 percent of total annual income of the service provider. Similarly, the fee for additional frequency above the &nbsp;minimum frequency is Rs 4 million per megahertz while for maximum frequency the fee is Rs 8 million per megahertz. The policy also provides for charging &nbsp;1.5 times of minimum fee of frequency if the service provider is to operate 3G or any other new services in 1800 band. In such condition, the price of 3G is likely to be applicable in case of the frequency allocated for 4G too.</p>

<p style="text-align:justify">The Radio Frequency (allocation and pricing) Policy 2069 BS says that the allocation and pricing of the radio frequency to be allocated for new services and technology under new band will be fixed through the market mechanism on the basis of auction bidding. It was also publicized earlier that operation of 4G services will be allowed to be operated with 700 and 2600 band frequency. Since these two bands are new, the NTA had started preparation for allocating the 4G frequency through auction bidding. &nbsp;</p>

<p style="text-align:justify">But that is not possible now, says Bijay Kumar Roy, a Deputy Director of NTA. According to him, for that to be possible the telecom act needs amendment to incorporate in it the auction bidding provision of the policy. &nbsp;&ldquo;It is not possible to allocate the frequency in 700 and 2600 bands without amendment in the act,&rdquo; he says. Due to this, there are only two alternates: either to postpone the 4G services till the Act is amended or to start it without auction bidding.</p>

<p style="text-align:justify">Even though there are six telecommunication service providers at present, only three have obtained mobile service licenses. &ldquo;Therefore, there will not possibly be significant competition even if we go for auction bidding,&rdquo; says Min Prasad Aryal, the spokesperson of the NTA. In his opinion, the best solution in these circumstances is to fix a &lsquo;best price&rsquo; for 4G frequency and move forward. &ldquo;However, that too would require amendment in the Frequency Policy,&rdquo; he adds.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-19',
			'modified' => '2016-04-19',
			'keywords' => '',
			'description' => '',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3364',
			'article_category_id' => '1',
			'title' => 'Aprilia Motorcycle New Year Scheme  ',
			'sub_title' => '',
			'summary' => 'April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New ‘Year gift scheme’ New thought with New Year.’ Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.  “The scheme will be applied to Aprilia’s ETX Endure and STX Road. The two new bikes have 150 cc engines,” informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.',
			'content' => '<p style="text-align: justify;">April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New &lsquo;Year gift scheme&rsquo; New thought with New Year.&rsquo; Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.</p>

<p style="text-align: justify;">&ldquo;The scheme will be applied to Aprilia&rsquo;s ETX Endure and STX Road. The two new bikes have 150 cc engines,&rdquo; informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.</p>

<p style="text-align: justify;">The company has also announced finance and exchange offer for old motorbikes. Currently, there is only one sales centre of Aprilla in Sano Gaucharan, while the company aims to open sales centre in Kalimati of Kathmandu along with Birtamod and Itahari within this months.</p>

<p style="text-align: justify;">&ldquo;Aprilia has already been used by racing celebrities Valentino Rosy, Jorge Lorenz and Keshi Stoner during their racing competitions and has already won 54 medals in Motorcycle Racing World Championship,&rdquo; mentions the statement. &nbsp;According to the distributor, it is going to bring RS 4125 in the near future while it has already brought Dorsoduro 750 ABS in Nepali market.</p>

<p style="text-align: justify;">&ldquo; J and J International has emerged as a leading two-wheeler distributor by distributing motorcycles and scooters from 200 to 1200 CCs in a short span of time and will bring other models as per the demand of the customers,&rdquo; says Jitendra Man Shrestha, Managing Director of&nbsp; J and J International.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3201',
			'image' => '20160418060333_APRILIA NEMONIC.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3363',
			'article_category_id' => '1',
			'title' => 'EBL Introduces Mobile/Internet Remittance Service',
			'sub_title' => '',
			'summary' => 'April 18: Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.',
			'content' => '<p>April 18<strong>:&nbsp;</strong>Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.</p>

<p>&ldquo;In order to provide faster, safe &amp; secure remittance service from India to any part of Nepal, EBL is already facilitating remittance services through Indo-Nepal Remittance,&rdquo; informs EBL in a press statement. The mobile/internet banking-based remittance service from India to Nepal has been introduced to the customers for the first time. &ldquo;The Bank believes that with this convenient arrangement any person remitting money to Nepal from India will be highly benefitted,&rdquo; states the bank. Currently, the bank has 61 branch networks, five extension counters, 24 revenue collection counters, 84 ATMs and many correspondents across the globe. The Bank was conferred as &ldquo;Best Managed Commercial Bank&rdquo; by Asian Paint New Biz in 2013 as well as the &ldquo;Highest Tax Payer among Commercial Banks&rdquo; for FY 2068/69.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3200',
			'image' => null,
			'article_date' => '2016-04-18 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3362',
			'article_category_id' => '1',
			'title' => 'Triveni Announces 2 New Year Schemes',
			'sub_title' => '',
			'summary' => 'Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with ‘Yasuda Ullhasmaye Naya Barsa 2073’ and ‘Sansui Naya Barsa Ko Khusiyali’ schemes for Yasuda and Sansui brands respectively. The ‘Yasuda Ullhasmaye Naya Barsa 2073’ scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; and &lsquo;Sansui Naya Barsa Ko Khusiyali&rsquo; schemes for Yasuda and Sansui brands respectively. The &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, with every purchase of Sansui refrigerator and Sansui LED television, customers can get 10 percent and 12 percent discount respectively. Similarly, the company is offering Sansui dry iron with every purchase of Sansui washing machine. The company informs that the schemes are applicable all around the country.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3199',
			'image' => '20160418051653_Sansui Mnemonic.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3361',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches TUV300 in Nepal',
			'sub_title' => '',
			'summary' => 'Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.                 “Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,” informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.',
			'content' => '<p style="text-align: justify;">April 18: Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">&nbsp;&ldquo;Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,&rdquo; informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.</p>

<p style="text-align: justify;">&ldquo;TUV300 is powered by the advanced 1.5 liters mHawk80&nbsp;Diesel Engine with a&nbsp;2-StageTurbocharger that delivers 61.5 kW (84 Bhp) and&nbsp;best-in-class&nbsp;230Nm torque. TUV300 is&nbsp;India&rsquo;s only SUV with auto-shift Automated Manual Transmission Technology (AMT), making it effortless to drive,&rdquo; reads the statement.&nbsp; As per the company, the four-wheeler&nbsp;First-in-Class&nbsp;ECO mode&nbsp;function ensures economical fuel consumption with an&nbsp;ARAI-certified&nbsp;fuel efficiency of 18.49kmpl.</p>

<p style="text-align: justify;">TUV300 is 7-seater (5+2) configuration. TUV300 cues a &ldquo;true-blue&rdquo;&nbsp;SUV with features like tough, masculine design with its imposing front fascia, overall strong and bold lines, chiseled surfaces, high ground clearance and&nbsp;rear-mounted&nbsp;spare wheel. The external features highlights are its aggressive bold grille with chrome inserts, static bending headlamps, stylish ski racks and sporty alloy wheels. The interiors of the TUV300 are inviting, modern and premium. With dual tone black &amp; beige interiors, a stylish&nbsp;hexagon-shaped&nbsp;center bezel,&nbsp;piano-black&nbsp;centre fascia, an infotainment system comprising 2 din audio, Bluetooth, USB, AUX and&nbsp;steering-mounted&nbsp;audio and phone controls and the sporty twin pod instrument cluster, the TUV300 is set to exceed expectations.</p>

<p style="text-align: justify;">&ldquo;TUV300 gives the feeling of immense safety, with its toughened high strength steel body shell,&nbsp;hydro-formed&nbsp;crush tips, dual airbags, ABS with EBD and automatic door lock,&rdquo; mentions the company. Currently in Nepal, three variants of TUV300 are available in five shades of Verve Blue, Dynamite Red, Glacier White, Majestic Silver and Bold Black.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3198',
			'image' => '20160418042619_suv.jpg',
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		'Article' => array(
			'id' => '3360',
			'article_category_id' => '1',
			'title' => 'Jayant Chand Appointed Commerce Minister',
			'sub_title' => '',
			'summary' => 'Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.</p>

<p style="text-align: justify;">Chand is the President of RPP and son of former Prime Minister Lok Bahadur Chand. He took his oath as the minister President Bidhya Devi Bhandari on April 17. Deepak Bohara the Minister of Labour and Employment who also was the parliament member of RPP had been handling the Commerce Ministry as no minister was appointed earlier.</p>
',
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			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3197',
			'image' => '20160418040356_20160417053804_banijya mantri.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3359',
			'article_category_id' => '34',
			'title' => 'AGM and Book Closure of Nepal Telecom',
			'sub_title' => '',
			'summary' => ' April 18: 8th annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.  The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders. ',
			'content' => '<p style="text-align: justify;"><span style="font-size:13pt">April 18: 8<sup>th</sup> annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.</span></p>

<p style="text-align: justify;"><span style="font-size:13pt">The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders.&nbsp;</span></p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3196',
			'image' => '20160418035914_nepal telecom.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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			'id' => '3358',
			'article_category_id' => '34',
			'title' => 'Book Closure of Karnali Development Bank',
			'sub_title' => '',
			'summary' => 'April 18: The register of shareholders of Karnali Development Bank will remain close on April 26.  Bank has informed that the shareholders’ register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders. ',
			'content' => '<p><span style="font-size:13pt">April 18: The register of shareholders of Karnali Development Bank will remain close on April 26. </span></p>

<p><span style="font-size:13pt">Bank has informed that the shareholders&rsquo; register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders.&nbsp;</span></p>
',
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			'sortorder' => '3195',
			'image' => '20160418035347_karnali.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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)
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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

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(
	(int) 0 => array(
		'Article' => array(
			'id' => '3372',
			'article_category_id' => '1',
			'title' => 'Remittance Grew by 15.2 % : NRB ',
			'sub_title' => '',
			'summary' => 'April 20: The ‘Current Macroeconomic and Financial Situation of Nepal’,  a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.  Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year.  ',
			'content' => '<p style="text-align: justify;">April 20: The &lsquo;Current Macroeconomic and Financial Situation of Nepal&rsquo;, &nbsp;a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.</p>

<p style="text-align: justify;">Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year. &nbsp;</p>

<p style="text-align: justify;">The report signifies that the number of workers going abroad for foreign employment, which directly affect the remittance, has decreased in the review period. The number of Nepalese workers seeking foreign employment, based on final approval for foreign employment, has decreased by 23.2 percent in the first eight months of 2015/16. It had increased by 17.1 percent in the same period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3209',
			'image' => '20160420024819_remittance.jpg',
			'article_date' => '2016-04-20 00:00:00',
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		'Article' => array(
			'id' => '3371',
			'article_category_id' => '1',
			'title' => 'Merchandise Export Declines 24.9%, Import Drops 13.9 %',
			'sub_title' => '',
			'summary' => 'April 20:  Recently published ‘Macroeconomic and Financial Situation of Nepal’ by Nepal Rastra Bank shows that in the eight months of 2015/16, merchandise exports has dropped by 24.9 percent to Rs. 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. NRB statistics  reveals that exports to India has fallen by 34.5 percent, China by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheet, textiles, GI pipe, juice, among others to India; tanned skin, noodles, readymade garments, among others to China; and pulses, tanned skin, readymade leather goods, tea, among others to other countries decreased.',
			'content' => '<p style="text-align:justify">April 20: Merchandise exports and imports have sharply dropped in the eight months of the current fiscal year, a new Nepal Rastra Bank (NRB) data shows. According to the recently published Macroeconomic and Financial Situation of Nepal, merchandise exports has dropped by 24.9 percent to Rs 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. The new NRB statistics reveals that exports to India has declined by 34.5 percent whereas, exports to China has decreased by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheets, textiles, GI pipes, juices, among others to India, tanned skin, noodles, readymade garments, among others to China and pulses, tanned skin, readymade leather goods and tea to other countries have declined.</p>

<p style="text-align:justify">&nbsp;Similarly, merchandise imports have dropped by 13.9 percent to Rs 435.80 billion in the review period as against a growth of 10.5 percent in the same period of the previous year. In the review period, imports from India have decreased by 19.3 percent, China by 2 percent and other countries by 6.1 percent. Commodity wise, import of petroleum products, MS billets, chemical fertilizers, machinery and parts from India have declined. Similarly, machinery and parts, electrical goods, medical equipments and parts, steel rod and sheet, among others from China have dropped. Likewise, silver, edible oil, crude palm oil, copper wire, among others from other countries have also decreased.</p>

<p style="text-align:justify">Due to the decrease in exports and imports, trade deficit of the country has also contracted by 12.5 percent to Rs 393.07 billion in the review period compared to an expansion of 13.1 percent in the same period of the previous year. The export-import ratio has dropped to 9.8 percent in the review period from 11.2 percent in the same period of the previous year.&nbsp;</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3208',
			'image' => '20160420022314_foreign trade.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '3370',
			'article_category_id' => '1',
			'title' => 'Inflation Fell to 10.2 % in Mid-March',
			'sub_title' => '',
			'summary' => 'April 20: As per the current ‘Macroeconomic and Financial Situation of Nepal’ published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016. NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.',
			'content' => '<p style="text-align:justify">April 20: As per the current &lsquo;Macroeconomic and Financial Situation of Nepal&rsquo; published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016.&nbsp;NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p>

<p style="text-align:justify">Based on the eight months&rsquo; data of 2015/16, NRB statistics shows that food and beverage group inflation saw a pickup of 10.3 percent, non-food and services group inflation showed a growth of 10.2 percent in mid-March 2016.</p>

<p style="text-align:justify">Food and beverage items such as pulses and legumes sub-group and ghee and oil subgroup saw a price rise of 31.6 percent and 18.8 percent respectively in the review period. Likewise, prices of spices sub-group and clothes and footwear sub-group saw a growth of 16.6 percent and 15.3 percent respectively. 8. Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 12.7 percent followed by Hilly region at 10.4 percent, Terai region at 8.6 percent and Mountain region at 8.5 percent in the review period. Last year, both the Kathmandu Valley and the Hilly region had seen the same inflation rate of 7.1 percent followed 6.9 percent in the Terai region.</p>

<p style="text-align:justify">Likewise, the y-o-y wholesale price inflation rose 5.5 percent during the review period. It had seen the same percentage growth in the same period of the previous year. The wholesale price inflation of agricultural commodities and domestic manufactured commodities registered a growth of 9.1 percent and 6.3 percent respectively, whereas such inflation of imported commodities showed a decline of 2.8 percent in the review period. In the same period of the previous year, the increments in agricultural commodities and domestic manufactured commodities were 8.4 percent and 6 percent respectively whereas the price index of imported commodities had seen a decline of 0.8 percent.</p>
',
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			'sortorder' => '3207',
			'image' => '20160420015149_inflation.jpg',
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		'Article' => array(
			'id' => '3369',
			'article_category_id' => '34',
			'title' => 'SEBON Directs NEPSE to Formulate Contemporary Regulations',
			'sub_title' => '',
			'summary' => 'April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.  SEBON clarifies “Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.” SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems',
			'content' => '<p style="text-align: justify;">April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.</p>

<p style="text-align: justify;">SEBON clarifies &ldquo;Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.&rdquo; SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems outdated in today&rsquo;s period.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3206',
			'image' => '20160420011220_sec.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3368',
			'article_category_id' => '1',
			'title' => 'Citizens Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank’s President Sankar Prasad Sharma chaired the program.  “As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,” informs the bank issuing a press statement.  Similarly, bank also organized golf and futsal competitions on the occasion.',
			'content' => '<p style="text-align: justify;">April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank&rsquo;s President Sankar Prasad Sharma chaired the program.</p>

<p style="text-align: justify;">&ldquo;As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,&rdquo; informs the bank issuing a press statement.&nbsp; Similarly, bank also organized golf and futsal competitions on the occasion.</p>

<p style="text-align: justify;">&ldquo;The bank has contributed Rs 1.5 million along with sports sponsorship,&rdquo; reads the statement. The bank also organized a rally to create awareness about banking on the same day. The bank has been providing services through its 56 branches and 46 ATM across the country.</p>

<p style="text-align: justify;">&ldquo;The bank has registered operating profit of Rs 758.8 million with the deposit collection of Rs 4.43 billion and providing loans of Rs 3.78 billion in the current fiscal year,&rdquo; informs Ganesh Raj Pokharel, Deputy CEO and Spokesperson of the company.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3205',
			'image' => '20160420123320_ctz.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3367',
			'article_category_id' => '1',
			'title' => 'Kaymu Brings Beat the Heat Summer Electronic Madness  ',
			'sub_title' => '',
			'summary' => 'April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.  “Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign ‘Beat the Heat’,” states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.',
			'content' => '<p style="text-align: justify;">April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.</p>

<p style="text-align: justify;">&ldquo;Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign &lsquo;Beat the Heat&rsquo;,&rdquo; states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.</p>

<p style="text-align: justify;">The campaign starting from today highlights large assortment of electronic home appliances like refrigerators, coolers, fans, mixer grinders, washing machine, LED TVs and other home essentials from famous brands such as CG, Samsung, Hisense, Homeglory, Philips, Yasuda, Sony, Videocon and Panasonic. &ldquo;This one of a kind sale is offering upto 15 percent discount on electronic items with an additional home delivery facility,&rdquo; reads the statement.</p>

<p style="text-align: justify;">&ldquo;We believe this exclusive offer will benefit the customers to keep cool in this year&rsquo;s scorching summer,&rdquo; says Rajeev Amatya, Managing Director of Kaymu Nepal.</p>

<p style="text-align: justify;">According to the company, the offer is valid till April 30. Buyers can download Kaymu app in their mobile phones or shop online and get desired products.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3204',
			'image' => '20160420121940_kaymu.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3366',
			'article_category_id' => '1',
			'title' => 'Net Profit of Manjushree Financial Institution Increased by 2.5 Times',
			'sub_title' => '',
			'summary' => 'April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.  Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.',
			'content' => '<p style="text-align: justify;">April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.</p>

<p style="text-align: justify;">Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.</p>

<p style="text-align: justify;">Interest income of the company has increased by 31.56 percent to Rs 185.1 million while interest expense has increased by 17 percent to Rs 115.5 million. Employee expenses, other operational expenses and total operating profit has increased by 20.98 percent, 3.52 percent and 38.42 percent respectively. Similarly, fixed asset of the company has decreased by 8.79 percent to Rs 11.8 million &nbsp;&nbsp;whereas other asset has increased by 45.15 percent to Rs 77.5 million.</p>

<p style="text-align: justify;">Likewise, inactive debt of the company is at 4.52 percent. Capital fund adequacy of the company stands at 15 percent and capital fund expenditure is at 6.97 percent. CD ratio of the company has increased to 79 percent which is 11.34 percent growth than the corresponding period of previous FY. In the third quarter of the current FY, company earnings per share is at 17.56 percent , P/E ratio is 13 times and net worth per share stands at 2 times.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3203',
			'image' => '20160420110532_manjushree.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3365',
			'article_category_id' => '1',
			'title' => 'State Revenue Worth Millions in Stake',
			'sub_title' => '4G Frequency',
			'summary' => 'April 19: While preparations are underway for operating 4G services based on the policy of ‘Technology Neutrality’, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.  The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.',
			'content' => '<p style="text-align:justify">April 19: While preparations are underway for operating 4G services based on the policy of &lsquo;Technology Neutrality&rsquo;, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.</p>

<p style="text-align:justify">The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.</p>

<p style="text-align:justify">Nepal Telecommunication Authority (NTA) is already distributing frequency of 1800 band for 2G and GSM. And the frequency policy has accepted that there is no possibility of auction bidding for these frequencies as these are already being distributed. Now as 4G frequency too could not be priced on the basis of auction bidding, this is going to affect the government revenue directly. There is worldwide practice of pricing this kind of natural resources through auction bidding.</p>

<p style="text-align:justify">However, Digambar Jha, Chairman of NTA, claims, &ldquo;there will be little effect on government revenue as the revenue which is supposed to be received through frequency will be recovered from the fee that the government will get for frequency license and renewal of the license.&rdquo; According to present practice in Nepal, service provider needs to pay Rs 357.5 million for basic telephone services and Rs 20.132 billion for renewal fees every 10 years.</p>

<p style="text-align:justify">NTA has moved ahead with preparation of operating 4G services based on the policy of Technology Neutrality. NTA has informed that as per the policy, service provider will be awarded 1800 band which is considered as &lsquo;Golden Band&rsquo; to operate 4G service.</p>

<p style="text-align:justify">The existing frequency policy has fixed the fee of allocated minimum frequency of 1800 band &nbsp;at &nbsp;0.4 percent of total annual income of the service provider. Similarly, the fee for additional frequency above the &nbsp;minimum frequency is Rs 4 million per megahertz while for maximum frequency the fee is Rs 8 million per megahertz. The policy also provides for charging &nbsp;1.5 times of minimum fee of frequency if the service provider is to operate 3G or any other new services in 1800 band. In such condition, the price of 3G is likely to be applicable in case of the frequency allocated for 4G too.</p>

<p style="text-align:justify">The Radio Frequency (allocation and pricing) Policy 2069 BS says that the allocation and pricing of the radio frequency to be allocated for new services and technology under new band will be fixed through the market mechanism on the basis of auction bidding. It was also publicized earlier that operation of 4G services will be allowed to be operated with 700 and 2600 band frequency. Since these two bands are new, the NTA had started preparation for allocating the 4G frequency through auction bidding. &nbsp;</p>

<p style="text-align:justify">But that is not possible now, says Bijay Kumar Roy, a Deputy Director of NTA. According to him, for that to be possible the telecom act needs amendment to incorporate in it the auction bidding provision of the policy. &nbsp;&ldquo;It is not possible to allocate the frequency in 700 and 2600 bands without amendment in the act,&rdquo; he says. Due to this, there are only two alternates: either to postpone the 4G services till the Act is amended or to start it without auction bidding.</p>

<p style="text-align:justify">Even though there are six telecommunication service providers at present, only three have obtained mobile service licenses. &ldquo;Therefore, there will not possibly be significant competition even if we go for auction bidding,&rdquo; says Min Prasad Aryal, the spokesperson of the NTA. In his opinion, the best solution in these circumstances is to fix a &lsquo;best price&rsquo; for 4G frequency and move forward. &ldquo;However, that too would require amendment in the Frequency Policy,&rdquo; he adds.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-19',
			'modified' => '2016-04-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3202',
			'image' => null,
			'article_date' => '2016-04-19 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3364',
			'article_category_id' => '1',
			'title' => 'Aprilia Motorcycle New Year Scheme  ',
			'sub_title' => '',
			'summary' => 'April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New ‘Year gift scheme’ New thought with New Year.’ Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.  “The scheme will be applied to Aprilia’s ETX Endure and STX Road. The two new bikes have 150 cc engines,” informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.',
			'content' => '<p style="text-align: justify;">April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New &lsquo;Year gift scheme&rsquo; New thought with New Year.&rsquo; Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.</p>

<p style="text-align: justify;">&ldquo;The scheme will be applied to Aprilia&rsquo;s ETX Endure and STX Road. The two new bikes have 150 cc engines,&rdquo; informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.</p>

<p style="text-align: justify;">The company has also announced finance and exchange offer for old motorbikes. Currently, there is only one sales centre of Aprilla in Sano Gaucharan, while the company aims to open sales centre in Kalimati of Kathmandu along with Birtamod and Itahari within this months.</p>

<p style="text-align: justify;">&ldquo;Aprilia has already been used by racing celebrities Valentino Rosy, Jorge Lorenz and Keshi Stoner during their racing competitions and has already won 54 medals in Motorcycle Racing World Championship,&rdquo; mentions the statement. &nbsp;According to the distributor, it is going to bring RS 4125 in the near future while it has already brought Dorsoduro 750 ABS in Nepali market.</p>

<p style="text-align: justify;">&ldquo; J and J International has emerged as a leading two-wheeler distributor by distributing motorcycles and scooters from 200 to 1200 CCs in a short span of time and will bring other models as per the demand of the customers,&rdquo; says Jitendra Man Shrestha, Managing Director of&nbsp; J and J International.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3201',
			'image' => '20160418060333_APRILIA NEMONIC.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3363',
			'article_category_id' => '1',
			'title' => 'EBL Introduces Mobile/Internet Remittance Service',
			'sub_title' => '',
			'summary' => 'April 18: Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.',
			'content' => '<p>April 18<strong>:&nbsp;</strong>Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.</p>

<p>&ldquo;In order to provide faster, safe &amp; secure remittance service from India to any part of Nepal, EBL is already facilitating remittance services through Indo-Nepal Remittance,&rdquo; informs EBL in a press statement. The mobile/internet banking-based remittance service from India to Nepal has been introduced to the customers for the first time. &ldquo;The Bank believes that with this convenient arrangement any person remitting money to Nepal from India will be highly benefitted,&rdquo; states the bank. Currently, the bank has 61 branch networks, five extension counters, 24 revenue collection counters, 84 ATMs and many correspondents across the globe. The Bank was conferred as &ldquo;Best Managed Commercial Bank&rdquo; by Asian Paint New Biz in 2013 as well as the &ldquo;Highest Tax Payer among Commercial Banks&rdquo; for FY 2068/69.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3200',
			'image' => null,
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3362',
			'article_category_id' => '1',
			'title' => 'Triveni Announces 2 New Year Schemes',
			'sub_title' => '',
			'summary' => 'Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with ‘Yasuda Ullhasmaye Naya Barsa 2073’ and ‘Sansui Naya Barsa Ko Khusiyali’ schemes for Yasuda and Sansui brands respectively. The ‘Yasuda Ullhasmaye Naya Barsa 2073’ scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; and &lsquo;Sansui Naya Barsa Ko Khusiyali&rsquo; schemes for Yasuda and Sansui brands respectively. The &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, with every purchase of Sansui refrigerator and Sansui LED television, customers can get 10 percent and 12 percent discount respectively. Similarly, the company is offering Sansui dry iron with every purchase of Sansui washing machine. The company informs that the schemes are applicable all around the country.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3199',
			'image' => '20160418051653_Sansui Mnemonic.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3361',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches TUV300 in Nepal',
			'sub_title' => '',
			'summary' => 'Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.                 “Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,” informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.',
			'content' => '<p style="text-align: justify;">April 18: Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">&nbsp;&ldquo;Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,&rdquo; informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.</p>

<p style="text-align: justify;">&ldquo;TUV300 is powered by the advanced 1.5 liters mHawk80&nbsp;Diesel Engine with a&nbsp;2-StageTurbocharger that delivers 61.5 kW (84 Bhp) and&nbsp;best-in-class&nbsp;230Nm torque. TUV300 is&nbsp;India&rsquo;s only SUV with auto-shift Automated Manual Transmission Technology (AMT), making it effortless to drive,&rdquo; reads the statement.&nbsp; As per the company, the four-wheeler&nbsp;First-in-Class&nbsp;ECO mode&nbsp;function ensures economical fuel consumption with an&nbsp;ARAI-certified&nbsp;fuel efficiency of 18.49kmpl.</p>

<p style="text-align: justify;">TUV300 is 7-seater (5+2) configuration. TUV300 cues a &ldquo;true-blue&rdquo;&nbsp;SUV with features like tough, masculine design with its imposing front fascia, overall strong and bold lines, chiseled surfaces, high ground clearance and&nbsp;rear-mounted&nbsp;spare wheel. The external features highlights are its aggressive bold grille with chrome inserts, static bending headlamps, stylish ski racks and sporty alloy wheels. The interiors of the TUV300 are inviting, modern and premium. With dual tone black &amp; beige interiors, a stylish&nbsp;hexagon-shaped&nbsp;center bezel,&nbsp;piano-black&nbsp;centre fascia, an infotainment system comprising 2 din audio, Bluetooth, USB, AUX and&nbsp;steering-mounted&nbsp;audio and phone controls and the sporty twin pod instrument cluster, the TUV300 is set to exceed expectations.</p>

<p style="text-align: justify;">&ldquo;TUV300 gives the feeling of immense safety, with its toughened high strength steel body shell,&nbsp;hydro-formed&nbsp;crush tips, dual airbags, ABS with EBD and automatic door lock,&rdquo; mentions the company. Currently in Nepal, three variants of TUV300 are available in five shades of Verve Blue, Dynamite Red, Glacier White, Majestic Silver and Bold Black.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3198',
			'image' => '20160418042619_suv.jpg',
			'article_date' => '2016-04-18 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3360',
			'article_category_id' => '1',
			'title' => 'Jayant Chand Appointed Commerce Minister',
			'sub_title' => '',
			'summary' => 'Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.</p>

<p style="text-align: justify;">Chand is the President of RPP and son of former Prime Minister Lok Bahadur Chand. He took his oath as the minister President Bidhya Devi Bhandari on April 17. Deepak Bohara the Minister of Labour and Employment who also was the parliament member of RPP had been handling the Commerce Ministry as no minister was appointed earlier.</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3197',
			'image' => '20160418040356_20160417053804_banijya mantri.jpg',
			'article_date' => '2016-04-18 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '3359',
			'article_category_id' => '34',
			'title' => 'AGM and Book Closure of Nepal Telecom',
			'sub_title' => '',
			'summary' => ' April 18: 8th annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.  The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders. ',
			'content' => '<p style="text-align: justify;"><span style="font-size:13pt">April 18: 8<sup>th</sup> annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.</span></p>

<p style="text-align: justify;"><span style="font-size:13pt">The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders.&nbsp;</span></p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3196',
			'image' => '20160418035914_nepal telecom.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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			'id' => '3358',
			'article_category_id' => '34',
			'title' => 'Book Closure of Karnali Development Bank',
			'sub_title' => '',
			'summary' => 'April 18: The register of shareholders of Karnali Development Bank will remain close on April 26.  Bank has informed that the shareholders’ register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders. ',
			'content' => '<p><span style="font-size:13pt">April 18: The register of shareholders of Karnali Development Bank will remain close on April 26. </span></p>

<p><span style="font-size:13pt">Bank has informed that the shareholders&rsquo; register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders.&nbsp;</span></p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3195',
			'image' => '20160418035347_karnali.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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)
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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' => '3372',
			'article_category_id' => '1',
			'title' => 'Remittance Grew by 15.2 % : NRB ',
			'sub_title' => '',
			'summary' => 'April 20: The ‘Current Macroeconomic and Financial Situation of Nepal’,  a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.  Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year.  ',
			'content' => '<p style="text-align: justify;">April 20: The &lsquo;Current Macroeconomic and Financial Situation of Nepal&rsquo;, &nbsp;a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.</p>

<p style="text-align: justify;">Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year. &nbsp;</p>

<p style="text-align: justify;">The report signifies that the number of workers going abroad for foreign employment, which directly affect the remittance, has decreased in the review period. The number of Nepalese workers seeking foreign employment, based on final approval for foreign employment, has decreased by 23.2 percent in the first eight months of 2015/16. It had increased by 17.1 percent in the same period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3209',
			'image' => '20160420024819_remittance.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '3371',
			'article_category_id' => '1',
			'title' => 'Merchandise Export Declines 24.9%, Import Drops 13.9 %',
			'sub_title' => '',
			'summary' => 'April 20:  Recently published ‘Macroeconomic and Financial Situation of Nepal’ by Nepal Rastra Bank shows that in the eight months of 2015/16, merchandise exports has dropped by 24.9 percent to Rs. 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. NRB statistics  reveals that exports to India has fallen by 34.5 percent, China by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheet, textiles, GI pipe, juice, among others to India; tanned skin, noodles, readymade garments, among others to China; and pulses, tanned skin, readymade leather goods, tea, among others to other countries decreased.',
			'content' => '<p style="text-align:justify">April 20: Merchandise exports and imports have sharply dropped in the eight months of the current fiscal year, a new Nepal Rastra Bank (NRB) data shows. According to the recently published Macroeconomic and Financial Situation of Nepal, merchandise exports has dropped by 24.9 percent to Rs 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. The new NRB statistics reveals that exports to India has declined by 34.5 percent whereas, exports to China has decreased by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheets, textiles, GI pipes, juices, among others to India, tanned skin, noodles, readymade garments, among others to China and pulses, tanned skin, readymade leather goods and tea to other countries have declined.</p>

<p style="text-align:justify">&nbsp;Similarly, merchandise imports have dropped by 13.9 percent to Rs 435.80 billion in the review period as against a growth of 10.5 percent in the same period of the previous year. In the review period, imports from India have decreased by 19.3 percent, China by 2 percent and other countries by 6.1 percent. Commodity wise, import of petroleum products, MS billets, chemical fertilizers, machinery and parts from India have declined. Similarly, machinery and parts, electrical goods, medical equipments and parts, steel rod and sheet, among others from China have dropped. Likewise, silver, edible oil, crude palm oil, copper wire, among others from other countries have also decreased.</p>

<p style="text-align:justify">Due to the decrease in exports and imports, trade deficit of the country has also contracted by 12.5 percent to Rs 393.07 billion in the review period compared to an expansion of 13.1 percent in the same period of the previous year. The export-import ratio has dropped to 9.8 percent in the review period from 11.2 percent in the same period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3208',
			'image' => '20160420022314_foreign trade.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '3370',
			'article_category_id' => '1',
			'title' => 'Inflation Fell to 10.2 % in Mid-March',
			'sub_title' => '',
			'summary' => 'April 20: As per the current ‘Macroeconomic and Financial Situation of Nepal’ published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016. NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.',
			'content' => '<p style="text-align:justify">April 20: As per the current &lsquo;Macroeconomic and Financial Situation of Nepal&rsquo; published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016.&nbsp;NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p>

<p style="text-align:justify">Based on the eight months&rsquo; data of 2015/16, NRB statistics shows that food and beverage group inflation saw a pickup of 10.3 percent, non-food and services group inflation showed a growth of 10.2 percent in mid-March 2016.</p>

<p style="text-align:justify">Food and beverage items such as pulses and legumes sub-group and ghee and oil subgroup saw a price rise of 31.6 percent and 18.8 percent respectively in the review period. Likewise, prices of spices sub-group and clothes and footwear sub-group saw a growth of 16.6 percent and 15.3 percent respectively. 8. Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 12.7 percent followed by Hilly region at 10.4 percent, Terai region at 8.6 percent and Mountain region at 8.5 percent in the review period. Last year, both the Kathmandu Valley and the Hilly region had seen the same inflation rate of 7.1 percent followed 6.9 percent in the Terai region.</p>

<p style="text-align:justify">Likewise, the y-o-y wholesale price inflation rose 5.5 percent during the review period. It had seen the same percentage growth in the same period of the previous year. The wholesale price inflation of agricultural commodities and domestic manufactured commodities registered a growth of 9.1 percent and 6.3 percent respectively, whereas such inflation of imported commodities showed a decline of 2.8 percent in the review period. In the same period of the previous year, the increments in agricultural commodities and domestic manufactured commodities were 8.4 percent and 6 percent respectively whereas the price index of imported commodities had seen a decline of 0.8 percent.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3207',
			'image' => '20160420015149_inflation.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 3 => array(
		'Article' => array(
			'id' => '3369',
			'article_category_id' => '34',
			'title' => 'SEBON Directs NEPSE to Formulate Contemporary Regulations',
			'sub_title' => '',
			'summary' => 'April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.  SEBON clarifies “Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.” SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems',
			'content' => '<p style="text-align: justify;">April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.</p>

<p style="text-align: justify;">SEBON clarifies &ldquo;Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.&rdquo; SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems outdated in today&rsquo;s period.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3206',
			'image' => '20160420011220_sec.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3368',
			'article_category_id' => '1',
			'title' => 'Citizens Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank’s President Sankar Prasad Sharma chaired the program.  “As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,” informs the bank issuing a press statement.  Similarly, bank also organized golf and futsal competitions on the occasion.',
			'content' => '<p style="text-align: justify;">April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank&rsquo;s President Sankar Prasad Sharma chaired the program.</p>

<p style="text-align: justify;">&ldquo;As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,&rdquo; informs the bank issuing a press statement.&nbsp; Similarly, bank also organized golf and futsal competitions on the occasion.</p>

<p style="text-align: justify;">&ldquo;The bank has contributed Rs 1.5 million along with sports sponsorship,&rdquo; reads the statement. The bank also organized a rally to create awareness about banking on the same day. The bank has been providing services through its 56 branches and 46 ATM across the country.</p>

<p style="text-align: justify;">&ldquo;The bank has registered operating profit of Rs 758.8 million with the deposit collection of Rs 4.43 billion and providing loans of Rs 3.78 billion in the current fiscal year,&rdquo; informs Ganesh Raj Pokharel, Deputy CEO and Spokesperson of the company.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3205',
			'image' => '20160420123320_ctz.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '3367',
			'article_category_id' => '1',
			'title' => 'Kaymu Brings Beat the Heat Summer Electronic Madness  ',
			'sub_title' => '',
			'summary' => 'April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.  “Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign ‘Beat the Heat’,” states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.',
			'content' => '<p style="text-align: justify;">April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.</p>

<p style="text-align: justify;">&ldquo;Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign &lsquo;Beat the Heat&rsquo;,&rdquo; states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.</p>

<p style="text-align: justify;">The campaign starting from today highlights large assortment of electronic home appliances like refrigerators, coolers, fans, mixer grinders, washing machine, LED TVs and other home essentials from famous brands such as CG, Samsung, Hisense, Homeglory, Philips, Yasuda, Sony, Videocon and Panasonic. &ldquo;This one of a kind sale is offering upto 15 percent discount on electronic items with an additional home delivery facility,&rdquo; reads the statement.</p>

<p style="text-align: justify;">&ldquo;We believe this exclusive offer will benefit the customers to keep cool in this year&rsquo;s scorching summer,&rdquo; says Rajeev Amatya, Managing Director of Kaymu Nepal.</p>

<p style="text-align: justify;">According to the company, the offer is valid till April 30. Buyers can download Kaymu app in their mobile phones or shop online and get desired products.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3204',
			'image' => '20160420121940_kaymu.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3366',
			'article_category_id' => '1',
			'title' => 'Net Profit of Manjushree Financial Institution Increased by 2.5 Times',
			'sub_title' => '',
			'summary' => 'April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.  Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.',
			'content' => '<p style="text-align: justify;">April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.</p>

<p style="text-align: justify;">Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.</p>

<p style="text-align: justify;">Interest income of the company has increased by 31.56 percent to Rs 185.1 million while interest expense has increased by 17 percent to Rs 115.5 million. Employee expenses, other operational expenses and total operating profit has increased by 20.98 percent, 3.52 percent and 38.42 percent respectively. Similarly, fixed asset of the company has decreased by 8.79 percent to Rs 11.8 million &nbsp;&nbsp;whereas other asset has increased by 45.15 percent to Rs 77.5 million.</p>

<p style="text-align: justify;">Likewise, inactive debt of the company is at 4.52 percent. Capital fund adequacy of the company stands at 15 percent and capital fund expenditure is at 6.97 percent. CD ratio of the company has increased to 79 percent which is 11.34 percent growth than the corresponding period of previous FY. In the third quarter of the current FY, company earnings per share is at 17.56 percent , P/E ratio is 13 times and net worth per share stands at 2 times.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3203',
			'image' => '20160420110532_manjushree.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3365',
			'article_category_id' => '1',
			'title' => 'State Revenue Worth Millions in Stake',
			'sub_title' => '4G Frequency',
			'summary' => 'April 19: While preparations are underway for operating 4G services based on the policy of ‘Technology Neutrality’, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.  The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.',
			'content' => '<p style="text-align:justify">April 19: While preparations are underway for operating 4G services based on the policy of &lsquo;Technology Neutrality&rsquo;, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.</p>

<p style="text-align:justify">The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.</p>

<p style="text-align:justify">Nepal Telecommunication Authority (NTA) is already distributing frequency of 1800 band for 2G and GSM. And the frequency policy has accepted that there is no possibility of auction bidding for these frequencies as these are already being distributed. Now as 4G frequency too could not be priced on the basis of auction bidding, this is going to affect the government revenue directly. There is worldwide practice of pricing this kind of natural resources through auction bidding.</p>

<p style="text-align:justify">However, Digambar Jha, Chairman of NTA, claims, &ldquo;there will be little effect on government revenue as the revenue which is supposed to be received through frequency will be recovered from the fee that the government will get for frequency license and renewal of the license.&rdquo; According to present practice in Nepal, service provider needs to pay Rs 357.5 million for basic telephone services and Rs 20.132 billion for renewal fees every 10 years.</p>

<p style="text-align:justify">NTA has moved ahead with preparation of operating 4G services based on the policy of Technology Neutrality. NTA has informed that as per the policy, service provider will be awarded 1800 band which is considered as &lsquo;Golden Band&rsquo; to operate 4G service.</p>

<p style="text-align:justify">The existing frequency policy has fixed the fee of allocated minimum frequency of 1800 band &nbsp;at &nbsp;0.4 percent of total annual income of the service provider. Similarly, the fee for additional frequency above the &nbsp;minimum frequency is Rs 4 million per megahertz while for maximum frequency the fee is Rs 8 million per megahertz. The policy also provides for charging &nbsp;1.5 times of minimum fee of frequency if the service provider is to operate 3G or any other new services in 1800 band. In such condition, the price of 3G is likely to be applicable in case of the frequency allocated for 4G too.</p>

<p style="text-align:justify">The Radio Frequency (allocation and pricing) Policy 2069 BS says that the allocation and pricing of the radio frequency to be allocated for new services and technology under new band will be fixed through the market mechanism on the basis of auction bidding. It was also publicized earlier that operation of 4G services will be allowed to be operated with 700 and 2600 band frequency. Since these two bands are new, the NTA had started preparation for allocating the 4G frequency through auction bidding. &nbsp;</p>

<p style="text-align:justify">But that is not possible now, says Bijay Kumar Roy, a Deputy Director of NTA. According to him, for that to be possible the telecom act needs amendment to incorporate in it the auction bidding provision of the policy. &nbsp;&ldquo;It is not possible to allocate the frequency in 700 and 2600 bands without amendment in the act,&rdquo; he says. Due to this, there are only two alternates: either to postpone the 4G services till the Act is amended or to start it without auction bidding.</p>

<p style="text-align:justify">Even though there are six telecommunication service providers at present, only three have obtained mobile service licenses. &ldquo;Therefore, there will not possibly be significant competition even if we go for auction bidding,&rdquo; says Min Prasad Aryal, the spokesperson of the NTA. In his opinion, the best solution in these circumstances is to fix a &lsquo;best price&rsquo; for 4G frequency and move forward. &ldquo;However, that too would require amendment in the Frequency Policy,&rdquo; he adds.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-19',
			'modified' => '2016-04-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3202',
			'image' => null,
			'article_date' => '2016-04-19 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3364',
			'article_category_id' => '1',
			'title' => 'Aprilia Motorcycle New Year Scheme  ',
			'sub_title' => '',
			'summary' => 'April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New ‘Year gift scheme’ New thought with New Year.’ Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.  “The scheme will be applied to Aprilia’s ETX Endure and STX Road. The two new bikes have 150 cc engines,” informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.',
			'content' => '<p style="text-align: justify;">April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New &lsquo;Year gift scheme&rsquo; New thought with New Year.&rsquo; Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.</p>

<p style="text-align: justify;">&ldquo;The scheme will be applied to Aprilia&rsquo;s ETX Endure and STX Road. The two new bikes have 150 cc engines,&rdquo; informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.</p>

<p style="text-align: justify;">The company has also announced finance and exchange offer for old motorbikes. Currently, there is only one sales centre of Aprilla in Sano Gaucharan, while the company aims to open sales centre in Kalimati of Kathmandu along with Birtamod and Itahari within this months.</p>

<p style="text-align: justify;">&ldquo;Aprilia has already been used by racing celebrities Valentino Rosy, Jorge Lorenz and Keshi Stoner during their racing competitions and has already won 54 medals in Motorcycle Racing World Championship,&rdquo; mentions the statement. &nbsp;According to the distributor, it is going to bring RS 4125 in the near future while it has already brought Dorsoduro 750 ABS in Nepali market.</p>

<p style="text-align: justify;">&ldquo; J and J International has emerged as a leading two-wheeler distributor by distributing motorcycles and scooters from 200 to 1200 CCs in a short span of time and will bring other models as per the demand of the customers,&rdquo; says Jitendra Man Shrestha, Managing Director of&nbsp; J and J International.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3201',
			'image' => '20160418060333_APRILIA NEMONIC.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3363',
			'article_category_id' => '1',
			'title' => 'EBL Introduces Mobile/Internet Remittance Service',
			'sub_title' => '',
			'summary' => 'April 18: Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.',
			'content' => '<p>April 18<strong>:&nbsp;</strong>Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.</p>

<p>&ldquo;In order to provide faster, safe &amp; secure remittance service from India to any part of Nepal, EBL is already facilitating remittance services through Indo-Nepal Remittance,&rdquo; informs EBL in a press statement. The mobile/internet banking-based remittance service from India to Nepal has been introduced to the customers for the first time. &ldquo;The Bank believes that with this convenient arrangement any person remitting money to Nepal from India will be highly benefitted,&rdquo; states the bank. Currently, the bank has 61 branch networks, five extension counters, 24 revenue collection counters, 84 ATMs and many correspondents across the globe. The Bank was conferred as &ldquo;Best Managed Commercial Bank&rdquo; by Asian Paint New Biz in 2013 as well as the &ldquo;Highest Tax Payer among Commercial Banks&rdquo; for FY 2068/69.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3200',
			'image' => null,
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3362',
			'article_category_id' => '1',
			'title' => 'Triveni Announces 2 New Year Schemes',
			'sub_title' => '',
			'summary' => 'Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with ‘Yasuda Ullhasmaye Naya Barsa 2073’ and ‘Sansui Naya Barsa Ko Khusiyali’ schemes for Yasuda and Sansui brands respectively. The ‘Yasuda Ullhasmaye Naya Barsa 2073’ scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; and &lsquo;Sansui Naya Barsa Ko Khusiyali&rsquo; schemes for Yasuda and Sansui brands respectively. The &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, with every purchase of Sansui refrigerator and Sansui LED television, customers can get 10 percent and 12 percent discount respectively. Similarly, the company is offering Sansui dry iron with every purchase of Sansui washing machine. The company informs that the schemes are applicable all around the country.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3199',
			'image' => '20160418051653_Sansui Mnemonic.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3361',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches TUV300 in Nepal',
			'sub_title' => '',
			'summary' => 'Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.                 “Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,” informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.',
			'content' => '<p style="text-align: justify;">April 18: Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">&nbsp;&ldquo;Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,&rdquo; informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.</p>

<p style="text-align: justify;">&ldquo;TUV300 is powered by the advanced 1.5 liters mHawk80&nbsp;Diesel Engine with a&nbsp;2-StageTurbocharger that delivers 61.5 kW (84 Bhp) and&nbsp;best-in-class&nbsp;230Nm torque. TUV300 is&nbsp;India&rsquo;s only SUV with auto-shift Automated Manual Transmission Technology (AMT), making it effortless to drive,&rdquo; reads the statement.&nbsp; As per the company, the four-wheeler&nbsp;First-in-Class&nbsp;ECO mode&nbsp;function ensures economical fuel consumption with an&nbsp;ARAI-certified&nbsp;fuel efficiency of 18.49kmpl.</p>

<p style="text-align: justify;">TUV300 is 7-seater (5+2) configuration. TUV300 cues a &ldquo;true-blue&rdquo;&nbsp;SUV with features like tough, masculine design with its imposing front fascia, overall strong and bold lines, chiseled surfaces, high ground clearance and&nbsp;rear-mounted&nbsp;spare wheel. The external features highlights are its aggressive bold grille with chrome inserts, static bending headlamps, stylish ski racks and sporty alloy wheels. The interiors of the TUV300 are inviting, modern and premium. With dual tone black &amp; beige interiors, a stylish&nbsp;hexagon-shaped&nbsp;center bezel,&nbsp;piano-black&nbsp;centre fascia, an infotainment system comprising 2 din audio, Bluetooth, USB, AUX and&nbsp;steering-mounted&nbsp;audio and phone controls and the sporty twin pod instrument cluster, the TUV300 is set to exceed expectations.</p>

<p style="text-align: justify;">&ldquo;TUV300 gives the feeling of immense safety, with its toughened high strength steel body shell,&nbsp;hydro-formed&nbsp;crush tips, dual airbags, ABS with EBD and automatic door lock,&rdquo; mentions the company. Currently in Nepal, three variants of TUV300 are available in five shades of Verve Blue, Dynamite Red, Glacier White, Majestic Silver and Bold Black.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3198',
			'image' => '20160418042619_suv.jpg',
			'article_date' => '2016-04-18 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3360',
			'article_category_id' => '1',
			'title' => 'Jayant Chand Appointed Commerce Minister',
			'sub_title' => '',
			'summary' => 'Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.</p>

<p style="text-align: justify;">Chand is the President of RPP and son of former Prime Minister Lok Bahadur Chand. He took his oath as the minister President Bidhya Devi Bhandari on April 17. Deepak Bohara the Minister of Labour and Employment who also was the parliament member of RPP had been handling the Commerce Ministry as no minister was appointed earlier.</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3197',
			'image' => '20160418040356_20160417053804_banijya mantri.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3359',
			'article_category_id' => '34',
			'title' => 'AGM and Book Closure of Nepal Telecom',
			'sub_title' => '',
			'summary' => ' April 18: 8th annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.  The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders. ',
			'content' => '<p style="text-align: justify;"><span style="font-size:13pt">April 18: 8<sup>th</sup> annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.</span></p>

<p style="text-align: justify;"><span style="font-size:13pt">The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders.&nbsp;</span></p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3196',
			'image' => '20160418035914_nepal telecom.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3358',
			'article_category_id' => '34',
			'title' => 'Book Closure of Karnali Development Bank',
			'sub_title' => '',
			'summary' => 'April 18: The register of shareholders of Karnali Development Bank will remain close on April 26.  Bank has informed that the shareholders’ register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders. ',
			'content' => '<p><span style="font-size:13pt">April 18: The register of shareholders of Karnali Development Bank will remain close on April 26. </span></p>

<p><span style="font-size:13pt">Bank has informed that the shareholders&rsquo; register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders.&nbsp;</span></p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3195',
			'image' => '20160418035347_karnali.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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)
$current_user = null
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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 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3372',
			'article_category_id' => '1',
			'title' => 'Remittance Grew by 15.2 % : NRB ',
			'sub_title' => '',
			'summary' => 'April 20: The ‘Current Macroeconomic and Financial Situation of Nepal’,  a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.  Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year.  ',
			'content' => '<p style="text-align: justify;">April 20: The &lsquo;Current Macroeconomic and Financial Situation of Nepal&rsquo;, &nbsp;a NRB researched report, based on eight months data of 2015/16, shows that the remittances send by Nepali workers working aboard has grown by 15.2 percent to Rs. 427.37 billion in the review period compared to a growth of 4 percent in the previous year.</p>

<p style="text-align: justify;">Consequently, net transfer receipt has increased by 19 percent to Rs. 500.60 billion in the review period. Such receipt had increased by 1.3 percent in the same period of the previous year. &nbsp;</p>

<p style="text-align: justify;">The report signifies that the number of workers going abroad for foreign employment, which directly affect the remittance, has decreased in the review period. The number of Nepalese workers seeking foreign employment, based on final approval for foreign employment, has decreased by 23.2 percent in the first eight months of 2015/16. It had increased by 17.1 percent in the same period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3209',
			'image' => '20160420024819_remittance.jpg',
			'article_date' => '2016-04-20 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '3371',
			'article_category_id' => '1',
			'title' => 'Merchandise Export Declines 24.9%, Import Drops 13.9 %',
			'sub_title' => '',
			'summary' => 'April 20:  Recently published ‘Macroeconomic and Financial Situation of Nepal’ by Nepal Rastra Bank shows that in the eight months of 2015/16, merchandise exports has dropped by 24.9 percent to Rs. 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. NRB statistics  reveals that exports to India has fallen by 34.5 percent, China by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheet, textiles, GI pipe, juice, among others to India; tanned skin, noodles, readymade garments, among others to China; and pulses, tanned skin, readymade leather goods, tea, among others to other countries decreased.',
			'content' => '<p style="text-align:justify">April 20: Merchandise exports and imports have sharply dropped in the eight months of the current fiscal year, a new Nepal Rastra Bank (NRB) data shows. According to the recently published Macroeconomic and Financial Situation of Nepal, merchandise exports has dropped by 24.9 percent to Rs 42.73 billion compared to a drop of 6.6 percent in the same period of the previous year. The new NRB statistics reveals that exports to India has declined by 34.5 percent whereas, exports to China has decreased by 45.9 percent and other countries by 3.7 percent in the review period. Commodity wise, export of zinc sheets, textiles, GI pipes, juices, among others to India, tanned skin, noodles, readymade garments, among others to China and pulses, tanned skin, readymade leather goods and tea to other countries have declined.</p>

<p style="text-align:justify">&nbsp;Similarly, merchandise imports have dropped by 13.9 percent to Rs 435.80 billion in the review period as against a growth of 10.5 percent in the same period of the previous year. In the review period, imports from India have decreased by 19.3 percent, China by 2 percent and other countries by 6.1 percent. Commodity wise, import of petroleum products, MS billets, chemical fertilizers, machinery and parts from India have declined. Similarly, machinery and parts, electrical goods, medical equipments and parts, steel rod and sheet, among others from China have dropped. Likewise, silver, edible oil, crude palm oil, copper wire, among others from other countries have also decreased.</p>

<p style="text-align:justify">Due to the decrease in exports and imports, trade deficit of the country has also contracted by 12.5 percent to Rs 393.07 billion in the review period compared to an expansion of 13.1 percent in the same period of the previous year. The export-import ratio has dropped to 9.8 percent in the review period from 11.2 percent in the same period of the previous year.&nbsp;</p>
',
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			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3208',
			'image' => '20160420022314_foreign trade.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3370',
			'article_category_id' => '1',
			'title' => 'Inflation Fell to 10.2 % in Mid-March',
			'sub_title' => '',
			'summary' => 'April 20: As per the current ‘Macroeconomic and Financial Situation of Nepal’ published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016. NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.',
			'content' => '<p style="text-align:justify">April 20: As per the current &lsquo;Macroeconomic and Financial Situation of Nepal&rsquo; published by Nepal Rastra Bank (NRB), the consumer price inflation has moderated fell to 10.2 percent in mid-March 2016 from the peak of 12.1 percent in mid-January 2016.&nbsp;NRB illustrate that consumer price inflation continued to show a glide path since mid-January-2016 on account of improved supply of fuel and other consumable items following the return of normalcy in the southern customs points.</p>

<p style="text-align:justify">Based on the eight months&rsquo; data of 2015/16, NRB statistics shows that food and beverage group inflation saw a pickup of 10.3 percent, non-food and services group inflation showed a growth of 10.2 percent in mid-March 2016.</p>

<p style="text-align:justify">Food and beverage items such as pulses and legumes sub-group and ghee and oil subgroup saw a price rise of 31.6 percent and 18.8 percent respectively in the review period. Likewise, prices of spices sub-group and clothes and footwear sub-group saw a growth of 16.6 percent and 15.3 percent respectively. 8. Geographically, the Kathmandu Valley witnessed a relatively higher rate of inflation at 12.7 percent followed by Hilly region at 10.4 percent, Terai region at 8.6 percent and Mountain region at 8.5 percent in the review period. Last year, both the Kathmandu Valley and the Hilly region had seen the same inflation rate of 7.1 percent followed 6.9 percent in the Terai region.</p>

<p style="text-align:justify">Likewise, the y-o-y wholesale price inflation rose 5.5 percent during the review period. It had seen the same percentage growth in the same period of the previous year. The wholesale price inflation of agricultural commodities and domestic manufactured commodities registered a growth of 9.1 percent and 6.3 percent respectively, whereas such inflation of imported commodities showed a decline of 2.8 percent in the review period. In the same period of the previous year, the increments in agricultural commodities and domestic manufactured commodities were 8.4 percent and 6 percent respectively whereas the price index of imported commodities had seen a decline of 0.8 percent.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3207',
			'image' => '20160420015149_inflation.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3369',
			'article_category_id' => '34',
			'title' => 'SEBON Directs NEPSE to Formulate Contemporary Regulations',
			'sub_title' => '',
			'summary' => 'April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.  SEBON clarifies “Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.” SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems',
			'content' => '<p style="text-align: justify;">April 20: Security Board of Nepal (SEBON) has directed Nepal Stock Exchange (NEPSE) to formulate contemporary regulations within current FY, releasing a press release on Monday.</p>

<p style="text-align: justify;">SEBON clarifies &ldquo;Since the implementation of the present Securities Listing By-Laws 2053, capital market has changed drastically. The same old by-laws might not be able to appraise the real status of the listed companies, thus for the development of listed companies, contemporary regulations should be formulated.&rdquo; SEBON explains that the new regulation is need of the hour as in the last 20 years capital market has come so far. During the period, Securities Act 2063 has been implemented, capital of listed companies has increased by many times and securities trading have been automated, thus the old regulation seems outdated in today&rsquo;s period.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3206',
			'image' => '20160420011220_sec.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3368',
			'article_category_id' => '1',
			'title' => 'Citizens Bank in 10th Year',
			'sub_title' => '',
			'summary' => 'April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank’s President Sankar Prasad Sharma chaired the program.  “As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,” informs the bank issuing a press statement.  Similarly, bank also organized golf and futsal competitions on the occasion.',
			'content' => '<p style="text-align: justify;">April 20:Citizens Bank has celebrated its 9th anniversary amid a program held in its central office Kamaladi, Kathmandu on April 19. The bank&rsquo;s President Sankar Prasad Sharma chaired the program.</p>

<p style="text-align: justify;">&ldquo;As a part of its corporate social responsibility, bank has provided the help to different individuals and organizations,&rdquo; informs the bank issuing a press statement.&nbsp; Similarly, bank also organized golf and futsal competitions on the occasion.</p>

<p style="text-align: justify;">&ldquo;The bank has contributed Rs 1.5 million along with sports sponsorship,&rdquo; reads the statement. The bank also organized a rally to create awareness about banking on the same day. The bank has been providing services through its 56 branches and 46 ATM across the country.</p>

<p style="text-align: justify;">&ldquo;The bank has registered operating profit of Rs 758.8 million with the deposit collection of Rs 4.43 billion and providing loans of Rs 3.78 billion in the current fiscal year,&rdquo; informs Ganesh Raj Pokharel, Deputy CEO and Spokesperson of the company.</p>

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3205',
			'image' => '20160420123320_ctz.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3367',
			'article_category_id' => '1',
			'title' => 'Kaymu Brings Beat the Heat Summer Electronic Madness  ',
			'sub_title' => '',
			'summary' => 'April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.  “Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign ‘Beat the Heat’,” states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.',
			'content' => '<p style="text-align: justify;">April 20: Kaymu has come up with new scheme for the summer season. The e-commerce platform has announced Summer Electronic Madness offering discounts on a range of electronic home appliances.</p>

<p style="text-align: justify;">&ldquo;Seeing the demands for electronics goods with the increasing temperature, the online marketplace has come up with a themed campaign &lsquo;Beat the Heat&rsquo;,&rdquo; states the company in a press release. The company claims that its customers can avail of discounts and have a soothing experience of online shopping with cash on delivery service.</p>

<p style="text-align: justify;">The campaign starting from today highlights large assortment of electronic home appliances like refrigerators, coolers, fans, mixer grinders, washing machine, LED TVs and other home essentials from famous brands such as CG, Samsung, Hisense, Homeglory, Philips, Yasuda, Sony, Videocon and Panasonic. &ldquo;This one of a kind sale is offering upto 15 percent discount on electronic items with an additional home delivery facility,&rdquo; reads the statement.</p>

<p style="text-align: justify;">&ldquo;We believe this exclusive offer will benefit the customers to keep cool in this year&rsquo;s scorching summer,&rdquo; says Rajeev Amatya, Managing Director of Kaymu Nepal.</p>

<p style="text-align: justify;">According to the company, the offer is valid till April 30. Buyers can download Kaymu app in their mobile phones or shop online and get desired products.</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3204',
			'image' => '20160420121940_kaymu.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3366',
			'article_category_id' => '1',
			'title' => 'Net Profit of Manjushree Financial Institution Increased by 2.5 Times',
			'sub_title' => '',
			'summary' => 'April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.  Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.',
			'content' => '<p style="text-align: justify;">April 20: Net profit of Manjushree Financial Institution has increased by 2.5 times to Rs 33 million in the third quarter of current FY. Increase in net interest income by 58.60 percent, operating profit by 2.5 times and recovery of bad debt of Rs 4.649 million has helped to increase the net profit. AGM of the company, held on December, has endorsed 11.4 percent bonus share and 0.6 percent cash dividend.</p>

<p style="text-align: justify;">Reserve fund of the company has increased by 26.59 percent to Rs 65.1 million while investment has decreased by 94.73 percent to Rs 2.893 million. Company has collected Rs 2.04 billion deposit and floated Rs 1.87 million loans during the period.</p>

<p style="text-align: justify;">Interest income of the company has increased by 31.56 percent to Rs 185.1 million while interest expense has increased by 17 percent to Rs 115.5 million. Employee expenses, other operational expenses and total operating profit has increased by 20.98 percent, 3.52 percent and 38.42 percent respectively. Similarly, fixed asset of the company has decreased by 8.79 percent to Rs 11.8 million &nbsp;&nbsp;whereas other asset has increased by 45.15 percent to Rs 77.5 million.</p>

<p style="text-align: justify;">Likewise, inactive debt of the company is at 4.52 percent. Capital fund adequacy of the company stands at 15 percent and capital fund expenditure is at 6.97 percent. CD ratio of the company has increased to 79 percent which is 11.34 percent growth than the corresponding period of previous FY. In the third quarter of the current FY, company earnings per share is at 17.56 percent , P/E ratio is 13 times and net worth per share stands at 2 times.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-20',
			'modified' => '2016-04-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3203',
			'image' => '20160420110532_manjushree.jpg',
			'article_date' => '2016-04-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3365',
			'article_category_id' => '1',
			'title' => 'State Revenue Worth Millions in Stake',
			'sub_title' => '4G Frequency',
			'summary' => 'April 19: While preparations are underway for operating 4G services based on the policy of ‘Technology Neutrality’, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.  The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.',
			'content' => '<p style="text-align:justify">April 19: While preparations are underway for operating 4G services based on the policy of &lsquo;Technology Neutrality&rsquo;, the government is likely to lose substantial amount in revenue estimated at tens of millions of rupees.</p>

<p style="text-align:justify">The revenue loss is because the frequency is being distributed on the basis of minimum price instead of auction bidding. Though the existing policy about radio frequency has a provision of competitive bidding for distributing frequency of high commercial value, Nepal has not implemented auction bidding in frequency distribution so far.</p>

<p style="text-align:justify">Nepal Telecommunication Authority (NTA) is already distributing frequency of 1800 band for 2G and GSM. And the frequency policy has accepted that there is no possibility of auction bidding for these frequencies as these are already being distributed. Now as 4G frequency too could not be priced on the basis of auction bidding, this is going to affect the government revenue directly. There is worldwide practice of pricing this kind of natural resources through auction bidding.</p>

<p style="text-align:justify">However, Digambar Jha, Chairman of NTA, claims, &ldquo;there will be little effect on government revenue as the revenue which is supposed to be received through frequency will be recovered from the fee that the government will get for frequency license and renewal of the license.&rdquo; According to present practice in Nepal, service provider needs to pay Rs 357.5 million for basic telephone services and Rs 20.132 billion for renewal fees every 10 years.</p>

<p style="text-align:justify">NTA has moved ahead with preparation of operating 4G services based on the policy of Technology Neutrality. NTA has informed that as per the policy, service provider will be awarded 1800 band which is considered as &lsquo;Golden Band&rsquo; to operate 4G service.</p>

<p style="text-align:justify">The existing frequency policy has fixed the fee of allocated minimum frequency of 1800 band &nbsp;at &nbsp;0.4 percent of total annual income of the service provider. Similarly, the fee for additional frequency above the &nbsp;minimum frequency is Rs 4 million per megahertz while for maximum frequency the fee is Rs 8 million per megahertz. The policy also provides for charging &nbsp;1.5 times of minimum fee of frequency if the service provider is to operate 3G or any other new services in 1800 band. In such condition, the price of 3G is likely to be applicable in case of the frequency allocated for 4G too.</p>

<p style="text-align:justify">The Radio Frequency (allocation and pricing) Policy 2069 BS says that the allocation and pricing of the radio frequency to be allocated for new services and technology under new band will be fixed through the market mechanism on the basis of auction bidding. It was also publicized earlier that operation of 4G services will be allowed to be operated with 700 and 2600 band frequency. Since these two bands are new, the NTA had started preparation for allocating the 4G frequency through auction bidding. &nbsp;</p>

<p style="text-align:justify">But that is not possible now, says Bijay Kumar Roy, a Deputy Director of NTA. According to him, for that to be possible the telecom act needs amendment to incorporate in it the auction bidding provision of the policy. &nbsp;&ldquo;It is not possible to allocate the frequency in 700 and 2600 bands without amendment in the act,&rdquo; he says. Due to this, there are only two alternates: either to postpone the 4G services till the Act is amended or to start it without auction bidding.</p>

<p style="text-align:justify">Even though there are six telecommunication service providers at present, only three have obtained mobile service licenses. &ldquo;Therefore, there will not possibly be significant competition even if we go for auction bidding,&rdquo; says Min Prasad Aryal, the spokesperson of the NTA. In his opinion, the best solution in these circumstances is to fix a &lsquo;best price&rsquo; for 4G frequency and move forward. &ldquo;However, that too would require amendment in the Frequency Policy,&rdquo; he adds.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-19',
			'modified' => '2016-04-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3202',
			'image' => null,
			'article_date' => '2016-04-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3364',
			'article_category_id' => '1',
			'title' => 'Aprilia Motorcycle New Year Scheme  ',
			'sub_title' => '',
			'summary' => 'April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New ‘Year gift scheme’ New thought with New Year.’ Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.  “The scheme will be applied to Aprilia’s ETX Endure and STX Road. The two new bikes have 150 cc engines,” informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.',
			'content' => '<p style="text-align: justify;">April 18: J and J International, the authorized distributor of Aprilia motorcycles in Nepal, has announced New &lsquo;Year gift scheme&rsquo; New thought with New Year.&rsquo; Under the scheme, customers will get a minimum cash discount coupon of Rs 10,000 to a maximum of Rs 20,000.</p>

<p style="text-align: justify;">&ldquo;The scheme will be applied to Aprilia&rsquo;s ETX Endure and STX Road. The two new bikes have 150 cc engines,&rdquo; informs the company in a press statement. As per the company, ETX can run in all types of road while STX is famous for pitched road.</p>

<p style="text-align: justify;">The company has also announced finance and exchange offer for old motorbikes. Currently, there is only one sales centre of Aprilla in Sano Gaucharan, while the company aims to open sales centre in Kalimati of Kathmandu along with Birtamod and Itahari within this months.</p>

<p style="text-align: justify;">&ldquo;Aprilia has already been used by racing celebrities Valentino Rosy, Jorge Lorenz and Keshi Stoner during their racing competitions and has already won 54 medals in Motorcycle Racing World Championship,&rdquo; mentions the statement. &nbsp;According to the distributor, it is going to bring RS 4125 in the near future while it has already brought Dorsoduro 750 ABS in Nepali market.</p>

<p style="text-align: justify;">&ldquo; J and J International has emerged as a leading two-wheeler distributor by distributing motorcycles and scooters from 200 to 1200 CCs in a short span of time and will bring other models as per the demand of the customers,&rdquo; says Jitendra Man Shrestha, Managing Director of&nbsp; J and J International.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3201',
			'image' => '20160418060333_APRILIA NEMONIC.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3363',
			'article_category_id' => '1',
			'title' => 'EBL Introduces Mobile/Internet Remittance Service',
			'sub_title' => '',
			'summary' => 'April 18: Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.',
			'content' => '<p>April 18<strong>:&nbsp;</strong>Everest Bank Nepal (EBL) has started Indo-Nepal mobile and internet remittance service. With the introduction of the new remittance facility customers now can send money from India to Nepal without having to visit the branches or business correspondents of Punjab National Bank (PNB). They can send money with the mobile app or the internet banking service through the mobile and internet banking facility of PNB.</p>

<p>&ldquo;In order to provide faster, safe &amp; secure remittance service from India to any part of Nepal, EBL is already facilitating remittance services through Indo-Nepal Remittance,&rdquo; informs EBL in a press statement. The mobile/internet banking-based remittance service from India to Nepal has been introduced to the customers for the first time. &ldquo;The Bank believes that with this convenient arrangement any person remitting money to Nepal from India will be highly benefitted,&rdquo; states the bank. Currently, the bank has 61 branch networks, five extension counters, 24 revenue collection counters, 84 ATMs and many correspondents across the globe. The Bank was conferred as &ldquo;Best Managed Commercial Bank&rdquo; by Asian Paint New Biz in 2013 as well as the &ldquo;Highest Tax Payer among Commercial Banks&rdquo; for FY 2068/69.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3200',
			'image' => null,
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3362',
			'article_category_id' => '1',
			'title' => 'Triveni Announces 2 New Year Schemes',
			'sub_title' => '',
			'summary' => 'Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with ‘Yasuda Ullhasmaye Naya Barsa 2073’ and ‘Sansui Naya Barsa Ko Khusiyali’ schemes for Yasuda and Sansui brands respectively. The ‘Yasuda Ullhasmaye Naya Barsa 2073’ scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Triveni Byapar Company has announced two new schemes in the market on the occasion of the New Year. The authorized distributer of Yasuda, Sansui and Panasonic in Nepal has come up with &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; and &lsquo;Sansui Naya Barsa Ko Khusiyali&rsquo; schemes for Yasuda and Sansui brands respectively. The &lsquo;Yasuda Ullhasmaye Naya Barsa 2073&rsquo; scheme includes the customers to receive a refrigerator kit for free on the purchase Yasuda double-door and 214 liters refrigerators. Similarly, the company is offering 15 percent discount and a free dry iron on the purchase of Yasuda LED TVs and Yasuda washing machines respectively.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, with every purchase of Sansui refrigerator and Sansui LED television, customers can get 10 percent and 12 percent discount respectively. Similarly, the company is offering Sansui dry iron with every purchase of Sansui washing machine. The company informs that the schemes are applicable all around the country.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3199',
			'image' => '20160418051653_Sansui Mnemonic.jpg',
			'article_date' => '2016-04-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3361',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches TUV300 in Nepal',
			'sub_title' => '',
			'summary' => 'Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.                 “Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,” informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.',
			'content' => '<p style="text-align: justify;">April 18: Agni Incorporated, the authorized distributor of Mahindra vehicles, has launched TUV300 SUV in Nepal.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">&nbsp;&ldquo;Currently, the TUV 300 is available in three variants-T-4, T-6 plus and T-8 at the initial price of Rs3.59 million, Rs 3.89 million and Rs 4.49 million respectively,&rdquo; informs the company in a press statement. According to the company, the new Mahindra SUV comes with stylish engine, comfortable driving, travel and handling along with good technological features.</p>

<p style="text-align: justify;">&ldquo;TUV300 is powered by the advanced 1.5 liters mHawk80&nbsp;Diesel Engine with a&nbsp;2-StageTurbocharger that delivers 61.5 kW (84 Bhp) and&nbsp;best-in-class&nbsp;230Nm torque. TUV300 is&nbsp;India&rsquo;s only SUV with auto-shift Automated Manual Transmission Technology (AMT), making it effortless to drive,&rdquo; reads the statement.&nbsp; As per the company, the four-wheeler&nbsp;First-in-Class&nbsp;ECO mode&nbsp;function ensures economical fuel consumption with an&nbsp;ARAI-certified&nbsp;fuel efficiency of 18.49kmpl.</p>

<p style="text-align: justify;">TUV300 is 7-seater (5+2) configuration. TUV300 cues a &ldquo;true-blue&rdquo;&nbsp;SUV with features like tough, masculine design with its imposing front fascia, overall strong and bold lines, chiseled surfaces, high ground clearance and&nbsp;rear-mounted&nbsp;spare wheel. The external features highlights are its aggressive bold grille with chrome inserts, static bending headlamps, stylish ski racks and sporty alloy wheels. The interiors of the TUV300 are inviting, modern and premium. With dual tone black &amp; beige interiors, a stylish&nbsp;hexagon-shaped&nbsp;center bezel,&nbsp;piano-black&nbsp;centre fascia, an infotainment system comprising 2 din audio, Bluetooth, USB, AUX and&nbsp;steering-mounted&nbsp;audio and phone controls and the sporty twin pod instrument cluster, the TUV300 is set to exceed expectations.</p>

<p style="text-align: justify;">&ldquo;TUV300 gives the feeling of immense safety, with its toughened high strength steel body shell,&nbsp;hydro-formed&nbsp;crush tips, dual airbags, ABS with EBD and automatic door lock,&rdquo; mentions the company. Currently in Nepal, three variants of TUV300 are available in five shades of Verve Blue, Dynamite Red, Glacier White, Majestic Silver and Bold Black.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '3360',
			'article_category_id' => '1',
			'title' => 'Jayant Chand Appointed Commerce Minister',
			'sub_title' => '',
			'summary' => 'Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.',
			'content' => '<p style="text-align: justify;">April 18:&nbsp;Jayant Chand of Rastriya Prajatantra Party (RPP) has been appointed as the Minister of Commerce. The appointment of commerce minister came six months after the formation of government under Prime Minister KP Sharma Oli. The ministry of Commerce and Supplies was earlier broken down into Ministry of Commerce and Ministry of Supply separately.</p>

<p style="text-align: justify;">Chand is the President of RPP and son of former Prime Minister Lok Bahadur Chand. He took his oath as the minister President Bidhya Devi Bhandari on April 17. Deepak Bohara the Minister of Labour and Employment who also was the parliament member of RPP had been handling the Commerce Ministry as no minister was appointed earlier.</p>
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			'sortorder' => '3197',
			'image' => '20160418040356_20160417053804_banijya mantri.jpg',
			'article_date' => '2016-04-18 00:00:00',
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		'Article' => array(
			'id' => '3359',
			'article_category_id' => '34',
			'title' => 'AGM and Book Closure of Nepal Telecom',
			'sub_title' => '',
			'summary' => ' April 18: 8th annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.  The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders. ',
			'content' => '<p style="text-align: justify;"><span style="font-size:13pt">April 18: 8<sup>th</sup> annual general meeting of Nepal Telecom will held on May 2. Company has informed that register book of shareholders will be closed from April 17-May 2 for the purpose of its forthcoming AGM.</span></p>

<p style="text-align: justify;"><span style="font-size:13pt">The AGM is supposed to endorse the proposed 50 percent cash dividend to the shareholders.&nbsp;</span></p>
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			'created' => '2016-04-18',
			'modified' => '2016-04-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3196',
			'image' => '20160418035914_nepal telecom.jpg',
			'article_date' => '2016-04-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3358',
			'article_category_id' => '34',
			'title' => 'Book Closure of Karnali Development Bank',
			'sub_title' => '',
			'summary' => 'April 18: The register of shareholders of Karnali Development Bank will remain close on April 26.  Bank has informed that the shareholders’ register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders. ',
			'content' => '<p><span style="font-size:13pt">April 18: The register of shareholders of Karnali Development Bank will remain close on April 26. </span></p>

<p><span style="font-size:13pt">Bank has informed that the shareholders&rsquo; register will be closed in a bid to issue right shares in proportion of 2:1 to its shareholders.&nbsp;</span></p>
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			'created' => '2016-04-18',
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			'sortorder' => '3195',
			'image' => '20160418035347_karnali.jpg',
			'article_date' => '2016-04-18 00:00:00',
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			'breaking_news' => false,
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