
March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072.…
March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072.…
March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months…
March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the…
March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say.…
March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”.…
March 23 : Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook…
March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade. Government boosted LPG quota of NOC based on performance of state-owned company during…
March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful…
March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March…
March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese…
March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram,…
March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life…
March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on…
March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain.…
March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium.…
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3159', 'article_category_id' => '1', 'title' => 'Power generated by Api power connected to national grid', 'sub_title' => '', 'summary' => 'March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. ', 'content' => '<p>March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. According to Sanjiv Naupane, Managing director of the company, generated electricity has been connected to 33 kV ‘bus Bar’ of Balanch substation of Chamelia hydropower project under Nepal Electricity Authority (NEA). </p> <p>Earlier, electricity generated was transmitted through alternative 33 kV instead of 132kV transmission line due to delay in construction of transmission life. </p> <p>Investors of the company are expected to get minimum of 15% annual return from their investment. Company plans to repay its loan in 12 years. PPA rate in dry season is Rs. 7 while in rainy reason is Rs. 4. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2997', 'image' => '20160324113546_Clipboard03.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3158', 'article_category_id' => '1', 'title' => 'Citizen’s Bank to acquire Premier Finance', 'sub_title' => '', 'summary' => 'March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.', 'content' => '<p>March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.</p> <p>Citizen’s bank is acquiring Premier finance’s share at the rate of Rs. 28 per share. Premier finance has paid up capital of Rs. 120 million that will boost Citizen bank’s paid up capital by Rs. 30 million after acquirement. Paid up capital of the bank will increase up to Rs. 3.9 million from Rs. 3.65 million after settlement of acquiring process. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2996', 'image' => '20160324105453_Clipboard04.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3157', 'article_category_id' => '1', 'title' => 'Cement Industry hit by power cut', 'sub_title' => '', 'summary' => 'March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.', 'content' => '<p>March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.<br /> <br /> According to him, losses due to power cut amounted to Rs 70 million last year and is likely to increase this year due to the Indian blockade." There is no alternative other than shutting down the factory," says Poudel.</p> <p>As the factory provides its services in rural areas, Poudel said that the company will have to operate bearing losses until government provides tax exemptions and ensures easy accessibility of fuel and electricity. "We have been trying to run the factory with generator backup during the power cut, but the lack of fuel creates the trouble again," he says.</p> <p>The factory has been producing only 3,000 sacks of cement to the daily capacity of 6,000 sacks due to the ongoing problem. According to Poudel, this pliable situation has created difficulties to pay salaries to the workers of the factory. The industry, which has largest investment in eastern hilly region, has been producing affodable cement in the region . Established in 2008, the investment by Machhapuchhre Bank, Citizens Bank, Prime Bank and Tayal group into the factory has totaled Rs 1.25 billion. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2995', 'image' => '20160324105157_Clipboard10.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3156', 'article_category_id' => '1', 'title' => 'Utilisation of Chinese port may take years ', 'sub_title' => '', 'summary' => 'March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. ', 'content' => '<p>March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. </p> <p>No concrete study has been done regarding utilisation of Chinese port. Only after finalizing the agreement, study on model, infrastructure and other aspects of port utilisation are being carried out. “Agreement will not be fruitful for instant,” says former Commerce Secretary Purushottam Ojha. “Nevertheless, the agreement will facilitate bilateral trade with Mid-Asian countries such as Kazakhstan, Kirjikistan, Ujbekistan through China.” </p> <p>Nepali traders will not be able to take advantage of the Chinese port without proper development of infrastructures like improvement of roadway to China, road accessibility to additional checkpoints, development of railway to reach the port. According to Ojha, Kimathanka of east, Corola of Mustang, Kerung of Rasuwa and Tatopani checkpoint of Sindhupalchowk have to be operated in order to benefit from the Chinese port. “Roadway and Railway are prerequisites for the port utilization,” he adds. </p> <p>As Chinese sea ports are situated in 5,000 kms from the Nepal border, Chinese port will not serve as alternative to Indian port due to issues regarding distance and cost. “However, it has opened new door,” Ojha mentions. </p> <p>Rajan Sharma, Chairman of Nepal Freight Forwarder’s Association said that study should have done regarding utilisation of port before finalizing the agreement. “The modality on utilisation of the port has not been commenced yet,” he says.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2994', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3155', 'article_category_id' => '1', 'title' => '18 years old arrested for hacking websites', 'sub_title' => '', 'summary' => 'March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. ', 'content' => '<p>March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. </p> <p>The Nepal Police Crime Division, Teku, on Wednesday arrested one Bikash Poudel, a permanent resident of Bandipur in Tanahun, from Sorhakhutte, for illegally breaching websites of various organizations.</p> <p>The police have claimed that the accused has infringed over 200 websites of various organisations and schools including National Tuberculosis Centre, Cottage and Small Industries Office websites among others, accessing its details. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2993', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3154', 'article_category_id' => '1', 'title' => 'Apple unveils small iPhone and iPad Pro', 'sub_title' => '', 'summary' => 'March 23 : Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said..', 'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">March 23 : </span>Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said," The phone looks like iPhone 5S, but has the same processor and graphics performance as 6S and shoots 4K video."<br /> <br /> The phone will be available from March 31 in 110 countries. The initial price of the phone will be USD399.The new iPad Pro has 9.7 inch screen like original iPad. The tablet starts at USD599 for the 32 B WI-Fi version and USD749 for the 129 GB model. In a first, Apple is offering a new larger 256 GB option that starts at USD889. It comes in silver, gold, space and rose gold.</p> <p>The new iPad Pro will be available at the end of March in America. The company also exhibited recycling robot in the same program."The robot will differentiate parts from old iPhone for reuse," company informed. The price of apple watch is reduced to USD299 from initially launched price tag of USD349.</p> <p>The sells market of the company had declined in recent days. It is interpreted that the reduction in size and price is the company's policy to attract consumers towards its products. Company brought the cheaper phones to the people who could not buy its premium phones." Although phone is smaller, the price is expensive in comparison to previous budget phones of Apple," interpreted analysts.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2992', 'image' => '20160323033335_Clipboard08.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3153', 'article_category_id' => '1', 'title' => 'Import quota of STC doubled up', 'sub_title' => '', 'summary' => ' March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade. Government boosted LPG quota of NOC based on performance of state-owned company during blockade.', 'content' => '<p>March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade.</p> <p>Government boosted LPG quota of NOC based on performance of state-owned company during blockade. Presently, STC quota has increased to 1 thousand 8 metric ton from 478 metric ton of last month.</p> <p>At present, STC distribute LPG through 30 dealers in Kathmandu valley while refilling facility is conducted in Dharke of Dhading. STC gas is distributed among consumers of Kathmandu valley and Dharke. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2991', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '3152', 'article_category_id' => '1', 'title' => 'PM Oli appeals for Chinese investment in Nepal', 'sub_title' => '', 'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.', 'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p> <p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p> <p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p> <p> "Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership," he said.</p> <p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added. </p> <p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p> <p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. </p> <p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. Prime Minister frther added, “Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries”. RS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2990', 'image' => '20160323114833_pm sambodhan.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '3151', 'article_category_id' => '1', 'title' => 'Geologist excited on discovery of Iron Ore ', 'sub_title' => '', 'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.', 'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p> <p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2989', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '3150', 'article_category_id' => '1', 'title' => 'Chinese Investors interested to invest in Nepal', 'sub_title' => '', 'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.', 'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p> <p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p> <p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2988', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '3148', 'article_category_id' => '1', 'title' => 'NMB helps oldage home', 'sub_title' => '', 'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.', 'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. “The support was held on the occasion of its 20th anniversary celebration, “states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2987', 'image' => '20160321035055_Clipboard19.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3147', 'article_category_id' => '1', 'title' => 'IB directs insurance companies to initiate Micro-insurance', 'sub_title' => '', 'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.', 'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress. </p> <p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p> <p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p> <p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. </p> <p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. “Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,” said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. “Thus, awareness among targeted group is an important step to be taken.” </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2986', 'image' => null, 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3146', 'article_category_id' => '1', 'title' => 'Nepal signs transit treaty with China', 'sub_title' => '', 'summary' => 'March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.', 'content' => '<p>March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p> <p>According to a press release issued by Pramod Dahal, the Prime Minister’s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed. </p> <p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2985', 'image' => '20160321013543_pm oli china.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '3145', 'article_category_id' => '1', 'title' => 'Huawei names Messi as new global brand ambassador', 'sub_title' => '', 'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ', 'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. </p> <p>"We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day," said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p> <p> "Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion," Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. </p> <p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world’s third largest smartphone maker in January after Samsung and Apple. The company’s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2984', 'image' => '20160321125016_Clipboard18.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3144', 'article_category_id' => '1', 'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ', 'sub_title' => '', 'summary' => 'March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ', 'content' => '<p>March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p> <p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2983', 'image' => '20160321113300_Clipboard08.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3159', 'article_category_id' => '1', 'title' => 'Power generated by Api power connected to national grid', 'sub_title' => '', 'summary' => 'March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. ', 'content' => '<p>March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. According to Sanjiv Naupane, Managing director of the company, generated electricity has been connected to 33 kV ‘bus Bar’ of Balanch substation of Chamelia hydropower project under Nepal Electricity Authority (NEA). </p> <p>Earlier, electricity generated was transmitted through alternative 33 kV instead of 132kV transmission line due to delay in construction of transmission life. </p> <p>Investors of the company are expected to get minimum of 15% annual return from their investment. Company plans to repay its loan in 12 years. PPA rate in dry season is Rs. 7 while in rainy reason is Rs. 4. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2997', 'image' => '20160324113546_Clipboard03.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3158', 'article_category_id' => '1', 'title' => 'Citizen’s Bank to acquire Premier Finance', 'sub_title' => '', 'summary' => 'March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.', 'content' => '<p>March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.</p> <p>Citizen’s bank is acquiring Premier finance’s share at the rate of Rs. 28 per share. Premier finance has paid up capital of Rs. 120 million that will boost Citizen bank’s paid up capital by Rs. 30 million after acquirement. Paid up capital of the bank will increase up to Rs. 3.9 million from Rs. 3.65 million after settlement of acquiring process. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2996', 'image' => '20160324105453_Clipboard04.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3157', 'article_category_id' => '1', 'title' => 'Cement Industry hit by power cut', 'sub_title' => '', 'summary' => 'March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.', 'content' => '<p>March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.<br /> <br /> According to him, losses due to power cut amounted to Rs 70 million last year and is likely to increase this year due to the Indian blockade." There is no alternative other than shutting down the factory," says Poudel.</p> <p>As the factory provides its services in rural areas, Poudel said that the company will have to operate bearing losses until government provides tax exemptions and ensures easy accessibility of fuel and electricity. "We have been trying to run the factory with generator backup during the power cut, but the lack of fuel creates the trouble again," he says.</p> <p>The factory has been producing only 3,000 sacks of cement to the daily capacity of 6,000 sacks due to the ongoing problem. According to Poudel, this pliable situation has created difficulties to pay salaries to the workers of the factory. The industry, which has largest investment in eastern hilly region, has been producing affodable cement in the region . Established in 2008, the investment by Machhapuchhre Bank, Citizens Bank, Prime Bank and Tayal group into the factory has totaled Rs 1.25 billion. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2995', 'image' => '20160324105157_Clipboard10.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3156', 'article_category_id' => '1', 'title' => 'Utilisation of Chinese port may take years ', 'sub_title' => '', 'summary' => 'March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. ', 'content' => '<p>March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. </p> <p>No concrete study has been done regarding utilisation of Chinese port. Only after finalizing the agreement, study on model, infrastructure and other aspects of port utilisation are being carried out. “Agreement will not be fruitful for instant,” says former Commerce Secretary Purushottam Ojha. “Nevertheless, the agreement will facilitate bilateral trade with Mid-Asian countries such as Kazakhstan, Kirjikistan, Ujbekistan through China.” </p> <p>Nepali traders will not be able to take advantage of the Chinese port without proper development of infrastructures like improvement of roadway to China, road accessibility to additional checkpoints, development of railway to reach the port. According to Ojha, Kimathanka of east, Corola of Mustang, Kerung of Rasuwa and Tatopani checkpoint of Sindhupalchowk have to be operated in order to benefit from the Chinese port. “Roadway and Railway are prerequisites for the port utilization,” he adds. </p> <p>As Chinese sea ports are situated in 5,000 kms from the Nepal border, Chinese port will not serve as alternative to Indian port due to issues regarding distance and cost. “However, it has opened new door,” Ojha mentions. </p> <p>Rajan Sharma, Chairman of Nepal Freight Forwarder’s Association said that study should have done regarding utilisation of port before finalizing the agreement. “The modality on utilisation of the port has not been commenced yet,” he says.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2994', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3155', 'article_category_id' => '1', 'title' => '18 years old arrested for hacking websites', 'sub_title' => '', 'summary' => 'March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. ', 'content' => '<p>March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. </p> <p>The Nepal Police Crime Division, Teku, on Wednesday arrested one Bikash Poudel, a permanent resident of Bandipur in Tanahun, from Sorhakhutte, for illegally breaching websites of various organizations.</p> <p>The police have claimed that the accused has infringed over 200 websites of various organisations and schools including National Tuberculosis Centre, Cottage and Small Industries Office websites among others, accessing its details. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2993', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3154', 'article_category_id' => '1', 'title' => 'Apple unveils small iPhone and iPad Pro', 'sub_title' => '', 'summary' => 'March 23 : Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said..', 'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">March 23 : </span>Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said," The phone looks like iPhone 5S, but has the same processor and graphics performance as 6S and shoots 4K video."<br /> <br /> The phone will be available from March 31 in 110 countries. The initial price of the phone will be USD399.The new iPad Pro has 9.7 inch screen like original iPad. The tablet starts at USD599 for the 32 B WI-Fi version and USD749 for the 129 GB model. In a first, Apple is offering a new larger 256 GB option that starts at USD889. It comes in silver, gold, space and rose gold.</p> <p>The new iPad Pro will be available at the end of March in America. The company also exhibited recycling robot in the same program."The robot will differentiate parts from old iPhone for reuse," company informed. The price of apple watch is reduced to USD299 from initially launched price tag of USD349.</p> <p>The sells market of the company had declined in recent days. It is interpreted that the reduction in size and price is the company's policy to attract consumers towards its products. Company brought the cheaper phones to the people who could not buy its premium phones." Although phone is smaller, the price is expensive in comparison to previous budget phones of Apple," interpreted analysts.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2992', 'image' => '20160323033335_Clipboard08.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3153', 'article_category_id' => '1', 'title' => 'Import quota of STC doubled up', 'sub_title' => '', 'summary' => ' March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade. Government boosted LPG quota of NOC based on performance of state-owned company during blockade.', 'content' => '<p>March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade.</p> <p>Government boosted LPG quota of NOC based on performance of state-owned company during blockade. Presently, STC quota has increased to 1 thousand 8 metric ton from 478 metric ton of last month.</p> <p>At present, STC distribute LPG through 30 dealers in Kathmandu valley while refilling facility is conducted in Dharke of Dhading. STC gas is distributed among consumers of Kathmandu valley and Dharke. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2991', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '3152', 'article_category_id' => '1', 'title' => 'PM Oli appeals for Chinese investment in Nepal', 'sub_title' => '', 'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.', 'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p> <p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p> <p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p> <p> "Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership," he said.</p> <p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added. </p> <p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p> <p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. </p> <p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. Prime Minister frther added, “Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries”. RS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2990', 'image' => '20160323114833_pm sambodhan.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '3151', 'article_category_id' => '1', 'title' => 'Geologist excited on discovery of Iron Ore ', 'sub_title' => '', 'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.', 'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p> <p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2989', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '3150', 'article_category_id' => '1', 'title' => 'Chinese Investors interested to invest in Nepal', 'sub_title' => '', 'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.', 'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p> <p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p> <p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2988', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '3148', 'article_category_id' => '1', 'title' => 'NMB helps oldage home', 'sub_title' => '', 'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.', 'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. “The support was held on the occasion of its 20th anniversary celebration, “states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2987', 'image' => '20160321035055_Clipboard19.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3147', 'article_category_id' => '1', 'title' => 'IB directs insurance companies to initiate Micro-insurance', 'sub_title' => '', 'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.', 'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress. </p> <p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p> <p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p> <p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. </p> <p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. “Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,” said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. “Thus, awareness among targeted group is an important step to be taken.” </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2986', 'image' => null, 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3146', 'article_category_id' => '1', 'title' => 'Nepal signs transit treaty with China', 'sub_title' => '', 'summary' => 'March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.', 'content' => '<p>March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p> <p>According to a press release issued by Pramod Dahal, the Prime Minister’s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed. </p> <p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2985', 'image' => '20160321013543_pm oli china.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '3145', 'article_category_id' => '1', 'title' => 'Huawei names Messi as new global brand ambassador', 'sub_title' => '', 'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ', 'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. </p> <p>"We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day," said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p> <p> "Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion," Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. </p> <p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world’s third largest smartphone maker in January after Samsung and Apple. The company’s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2984', 'image' => '20160321125016_Clipboard18.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3144', 'article_category_id' => '1', 'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ', 'sub_title' => '', 'summary' => 'March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ', 'content' => '<p>March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p> <p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2983', 'image' => '20160321113300_Clipboard08.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3159', 'article_category_id' => '1', 'title' => 'Power generated by Api power connected to national grid', 'sub_title' => '', 'summary' => 'March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. ', 'content' => '<p>March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. According to Sanjiv Naupane, Managing director of the company, generated electricity has been connected to 33 kV ‘bus Bar’ of Balanch substation of Chamelia hydropower project under Nepal Electricity Authority (NEA). </p> <p>Earlier, electricity generated was transmitted through alternative 33 kV instead of 132kV transmission line due to delay in construction of transmission life. </p> <p>Investors of the company are expected to get minimum of 15% annual return from their investment. Company plans to repay its loan in 12 years. PPA rate in dry season is Rs. 7 while in rainy reason is Rs. 4. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2997', 'image' => '20160324113546_Clipboard03.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3158', 'article_category_id' => '1', 'title' => 'Citizen’s Bank to acquire Premier Finance', 'sub_title' => '', 'summary' => 'March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.', 'content' => '<p>March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.</p> <p>Citizen’s bank is acquiring Premier finance’s share at the rate of Rs. 28 per share. Premier finance has paid up capital of Rs. 120 million that will boost Citizen bank’s paid up capital by Rs. 30 million after acquirement. Paid up capital of the bank will increase up to Rs. 3.9 million from Rs. 3.65 million after settlement of acquiring process. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2996', 'image' => '20160324105453_Clipboard04.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3157', 'article_category_id' => '1', 'title' => 'Cement Industry hit by power cut', 'sub_title' => '', 'summary' => 'March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.', 'content' => '<p>March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.<br /> <br /> According to him, losses due to power cut amounted to Rs 70 million last year and is likely to increase this year due to the Indian blockade." There is no alternative other than shutting down the factory," says Poudel.</p> <p>As the factory provides its services in rural areas, Poudel said that the company will have to operate bearing losses until government provides tax exemptions and ensures easy accessibility of fuel and electricity. "We have been trying to run the factory with generator backup during the power cut, but the lack of fuel creates the trouble again," he says.</p> <p>The factory has been producing only 3,000 sacks of cement to the daily capacity of 6,000 sacks due to the ongoing problem. According to Poudel, this pliable situation has created difficulties to pay salaries to the workers of the factory. The industry, which has largest investment in eastern hilly region, has been producing affodable cement in the region . Established in 2008, the investment by Machhapuchhre Bank, Citizens Bank, Prime Bank and Tayal group into the factory has totaled Rs 1.25 billion. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2995', 'image' => '20160324105157_Clipboard10.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3156', 'article_category_id' => '1', 'title' => 'Utilisation of Chinese port may take years ', 'sub_title' => '', 'summary' => 'March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. ', 'content' => '<p>March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. </p> <p>No concrete study has been done regarding utilisation of Chinese port. Only after finalizing the agreement, study on model, infrastructure and other aspects of port utilisation are being carried out. “Agreement will not be fruitful for instant,” says former Commerce Secretary Purushottam Ojha. “Nevertheless, the agreement will facilitate bilateral trade with Mid-Asian countries such as Kazakhstan, Kirjikistan, Ujbekistan through China.” </p> <p>Nepali traders will not be able to take advantage of the Chinese port without proper development of infrastructures like improvement of roadway to China, road accessibility to additional checkpoints, development of railway to reach the port. According to Ojha, Kimathanka of east, Corola of Mustang, Kerung of Rasuwa and Tatopani checkpoint of Sindhupalchowk have to be operated in order to benefit from the Chinese port. “Roadway and Railway are prerequisites for the port utilization,” he adds. </p> <p>As Chinese sea ports are situated in 5,000 kms from the Nepal border, Chinese port will not serve as alternative to Indian port due to issues regarding distance and cost. “However, it has opened new door,” Ojha mentions. </p> <p>Rajan Sharma, Chairman of Nepal Freight Forwarder’s Association said that study should have done regarding utilisation of port before finalizing the agreement. “The modality on utilisation of the port has not been commenced yet,” he says.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2994', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3155', 'article_category_id' => '1', 'title' => '18 years old arrested for hacking websites', 'sub_title' => '', 'summary' => 'March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. ', 'content' => '<p>March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. </p> <p>The Nepal Police Crime Division, Teku, on Wednesday arrested one Bikash Poudel, a permanent resident of Bandipur in Tanahun, from Sorhakhutte, for illegally breaching websites of various organizations.</p> <p>The police have claimed that the accused has infringed over 200 websites of various organisations and schools including National Tuberculosis Centre, Cottage and Small Industries Office websites among others, accessing its details. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2993', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3154', 'article_category_id' => '1', 'title' => 'Apple unveils small iPhone and iPad Pro', 'sub_title' => '', 'summary' => 'March 23 : Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said..', 'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">March 23 : </span>Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said," The phone looks like iPhone 5S, but has the same processor and graphics performance as 6S and shoots 4K video."<br /> <br /> The phone will be available from March 31 in 110 countries. The initial price of the phone will be USD399.The new iPad Pro has 9.7 inch screen like original iPad. The tablet starts at USD599 for the 32 B WI-Fi version and USD749 for the 129 GB model. In a first, Apple is offering a new larger 256 GB option that starts at USD889. It comes in silver, gold, space and rose gold.</p> <p>The new iPad Pro will be available at the end of March in America. The company also exhibited recycling robot in the same program."The robot will differentiate parts from old iPhone for reuse," company informed. The price of apple watch is reduced to USD299 from initially launched price tag of USD349.</p> <p>The sells market of the company had declined in recent days. It is interpreted that the reduction in size and price is the company's policy to attract consumers towards its products. Company brought the cheaper phones to the people who could not buy its premium phones." Although phone is smaller, the price is expensive in comparison to previous budget phones of Apple," interpreted analysts.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2992', 'image' => '20160323033335_Clipboard08.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3153', 'article_category_id' => '1', 'title' => 'Import quota of STC doubled up', 'sub_title' => '', 'summary' => ' March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade. Government boosted LPG quota of NOC based on performance of state-owned company during blockade.', 'content' => '<p>March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade.</p> <p>Government boosted LPG quota of NOC based on performance of state-owned company during blockade. Presently, STC quota has increased to 1 thousand 8 metric ton from 478 metric ton of last month.</p> <p>At present, STC distribute LPG through 30 dealers in Kathmandu valley while refilling facility is conducted in Dharke of Dhading. STC gas is distributed among consumers of Kathmandu valley and Dharke. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2991', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '3152', 'article_category_id' => '1', 'title' => 'PM Oli appeals for Chinese investment in Nepal', 'sub_title' => '', 'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.', 'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p> <p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p> <p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p> <p> "Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership," he said.</p> <p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added. </p> <p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p> <p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. </p> <p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. Prime Minister frther added, “Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries”. RS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2990', 'image' => '20160323114833_pm sambodhan.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '3151', 'article_category_id' => '1', 'title' => 'Geologist excited on discovery of Iron Ore ', 'sub_title' => '', 'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.', 'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p> <p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2989', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '3150', 'article_category_id' => '1', 'title' => 'Chinese Investors interested to invest in Nepal', 'sub_title' => '', 'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.', 'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p> <p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p> <p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2988', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '3148', 'article_category_id' => '1', 'title' => 'NMB helps oldage home', 'sub_title' => '', 'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.', 'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. “The support was held on the occasion of its 20th anniversary celebration, “states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2987', 'image' => '20160321035055_Clipboard19.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3147', 'article_category_id' => '1', 'title' => 'IB directs insurance companies to initiate Micro-insurance', 'sub_title' => '', 'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.', 'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress. </p> <p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p> <p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p> <p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. </p> <p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. “Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,” said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. “Thus, awareness among targeted group is an important step to be taken.” </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2986', 'image' => null, 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3146', 'article_category_id' => '1', 'title' => 'Nepal signs transit treaty with China', 'sub_title' => '', 'summary' => 'March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.', 'content' => '<p>March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p> <p>According to a press release issued by Pramod Dahal, the Prime Minister’s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed. </p> <p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2985', 'image' => '20160321013543_pm oli china.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '3145', 'article_category_id' => '1', 'title' => 'Huawei names Messi as new global brand ambassador', 'sub_title' => '', 'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ', 'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. </p> <p>"We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day," said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p> <p> "Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion," Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. </p> <p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world’s third largest smartphone maker in January after Samsung and Apple. The company’s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2984', 'image' => '20160321125016_Clipboard18.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3144', 'article_category_id' => '1', 'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ', 'sub_title' => '', 'summary' => 'March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ', 'content' => '<p>March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p> <p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2983', 'image' => '20160321113300_Clipboard08.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3159', 'article_category_id' => '1', 'title' => 'Power generated by Api power connected to national grid', 'sub_title' => '', 'summary' => 'March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. ', 'content' => '<p>March 24: Electricity produced by Naugadh Hydropower project, operating under Api Power Company Ltd has been connected to national transmission line. A 8.5 MW project, Naugadh Hydropower started commercial production since 2 Bhadra 2072. According to Sanjiv Naupane, Managing director of the company, generated electricity has been connected to 33 kV ‘bus Bar’ of Balanch substation of Chamelia hydropower project under Nepal Electricity Authority (NEA). </p> <p>Earlier, electricity generated was transmitted through alternative 33 kV instead of 132kV transmission line due to delay in construction of transmission life. </p> <p>Investors of the company are expected to get minimum of 15% annual return from their investment. Company plans to repay its loan in 12 years. PPA rate in dry season is Rs. 7 while in rainy reason is Rs. 4. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2997', 'image' => '20160324113546_Clipboard03.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '3158', 'article_category_id' => '1', 'title' => 'Citizen’s Bank to acquire Premier Finance', 'sub_title' => '', 'summary' => 'March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.', 'content' => '<p>March 24: Citizen’s bank seeks final approval from NRB to acquire Premier finance on Wednesday. NRB granted intent letter to the bank to precede acquirement six months earlier.</p> <p>Citizen’s bank is acquiring Premier finance’s share at the rate of Rs. 28 per share. Premier finance has paid up capital of Rs. 120 million that will boost Citizen bank’s paid up capital by Rs. 30 million after acquirement. Paid up capital of the bank will increase up to Rs. 3.9 million from Rs. 3.65 million after settlement of acquiring process. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2996', 'image' => '20160324105453_Clipboard04.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '3157', 'article_category_id' => '1', 'title' => 'Cement Industry hit by power cut', 'sub_title' => '', 'summary' => 'March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.', 'content' => '<p>March 24 : The Nigale Cement Factory in Dhankuta has been facing millions in losses due to the electricity shortage." A factory which had to run 24 hours operates only 10 hours a day due to the power outage," informs Dinesh Poudel , Executive Director the company.<br /> <br /> According to him, losses due to power cut amounted to Rs 70 million last year and is likely to increase this year due to the Indian blockade." There is no alternative other than shutting down the factory," says Poudel.</p> <p>As the factory provides its services in rural areas, Poudel said that the company will have to operate bearing losses until government provides tax exemptions and ensures easy accessibility of fuel and electricity. "We have been trying to run the factory with generator backup during the power cut, but the lack of fuel creates the trouble again," he says.</p> <p>The factory has been producing only 3,000 sacks of cement to the daily capacity of 6,000 sacks due to the ongoing problem. According to Poudel, this pliable situation has created difficulties to pay salaries to the workers of the factory. The industry, which has largest investment in eastern hilly region, has been producing affodable cement in the region . Established in 2008, the investment by Machhapuchhre Bank, Citizens Bank, Prime Bank and Tayal group into the factory has totaled Rs 1.25 billion. </p> ', 'published' => true, 'created' => '2016-03-24', 'modified' => '2016-03-24', 'keywords' => '', 'description' => '', 'sortorder' => '2995', 'image' => '20160324105157_Clipboard10.jpg', 'article_date' => '2016-03-24 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3156', 'article_category_id' => '1', 'title' => 'Utilisation of Chinese port may take years ', 'sub_title' => '', 'summary' => 'March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. ', 'content' => '<p>March 23: Though the hopes of end of Indian monopoly in Nepal’s transit route has risen after signing transit agreement with China on Monday, stakeholders cast doubt about utilization of Chinese port. As not only it might take years to operate, but it is much costlier in compare to India, they say. </p> <p>No concrete study has been done regarding utilisation of Chinese port. Only after finalizing the agreement, study on model, infrastructure and other aspects of port utilisation are being carried out. “Agreement will not be fruitful for instant,” says former Commerce Secretary Purushottam Ojha. “Nevertheless, the agreement will facilitate bilateral trade with Mid-Asian countries such as Kazakhstan, Kirjikistan, Ujbekistan through China.” </p> <p>Nepali traders will not be able to take advantage of the Chinese port without proper development of infrastructures like improvement of roadway to China, road accessibility to additional checkpoints, development of railway to reach the port. According to Ojha, Kimathanka of east, Corola of Mustang, Kerung of Rasuwa and Tatopani checkpoint of Sindhupalchowk have to be operated in order to benefit from the Chinese port. “Roadway and Railway are prerequisites for the port utilization,” he adds. </p> <p>As Chinese sea ports are situated in 5,000 kms from the Nepal border, Chinese port will not serve as alternative to Indian port due to issues regarding distance and cost. “However, it has opened new door,” Ojha mentions. </p> <p>Rajan Sharma, Chairman of Nepal Freight Forwarder’s Association said that study should have done regarding utilisation of port before finalizing the agreement. “The modality on utilisation of the port has not been commenced yet,” he says.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2994', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3155', 'article_category_id' => '1', 'title' => '18 years old arrested for hacking websites', 'sub_title' => '', 'summary' => 'March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. ', 'content' => '<p>March 23: Police have arrested an 18-year-old youth on charge of hacking various government websites using alias “Anonymous #Opnep”. </p> <p>The Nepal Police Crime Division, Teku, on Wednesday arrested one Bikash Poudel, a permanent resident of Bandipur in Tanahun, from Sorhakhutte, for illegally breaching websites of various organizations.</p> <p>The police have claimed that the accused has infringed over 200 websites of various organisations and schools including National Tuberculosis Centre, Cottage and Small Industries Office websites among others, accessing its details. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2993', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3154', 'article_category_id' => '1', 'title' => 'Apple unveils small iPhone and iPad Pro', 'sub_title' => '', 'summary' => 'March 23 : Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said..', 'content' => '<p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14px">March 23 : </span>Apple Inc, an American Multinational Technology Company, has launched small version of iPhone SE and iPad Pro amid a program organized in San Francisco on March 21. Speaking at the launch event at Company's Headquarter, Apple CEO Tim Cook said," The phone looks like iPhone 5S, but has the same processor and graphics performance as 6S and shoots 4K video."<br /> <br /> The phone will be available from March 31 in 110 countries. The initial price of the phone will be USD399.The new iPad Pro has 9.7 inch screen like original iPad. The tablet starts at USD599 for the 32 B WI-Fi version and USD749 for the 129 GB model. In a first, Apple is offering a new larger 256 GB option that starts at USD889. It comes in silver, gold, space and rose gold.</p> <p>The new iPad Pro will be available at the end of March in America. The company also exhibited recycling robot in the same program."The robot will differentiate parts from old iPhone for reuse," company informed. The price of apple watch is reduced to USD299 from initially launched price tag of USD349.</p> <p>The sells market of the company had declined in recent days. It is interpreted that the reduction in size and price is the company's policy to attract consumers towards its products. Company brought the cheaper phones to the people who could not buy its premium phones." Although phone is smaller, the price is expensive in comparison to previous budget phones of Apple," interpreted analysts.</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2992', 'image' => '20160323033335_Clipboard08.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '3153', 'article_category_id' => '1', 'title' => 'Import quota of STC doubled up', 'sub_title' => '', 'summary' => ' March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade. Government boosted LPG quota of NOC based on performance of state-owned company during blockade.', 'content' => '<p>March 23: NOC have doubled STC gas quota to increase market share of state-owned company after border blockade.</p> <p>Government boosted LPG quota of NOC based on performance of state-owned company during blockade. Presently, STC quota has increased to 1 thousand 8 metric ton from 478 metric ton of last month.</p> <p>At present, STC distribute LPG through 30 dealers in Kathmandu valley while refilling facility is conducted in Dharke of Dhading. STC gas is distributed among consumers of Kathmandu valley and Dharke. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2991', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '3152', 'article_category_id' => '1', 'title' => 'PM Oli appeals for Chinese investment in Nepal', 'sub_title' => '', 'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.', 'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p> <p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p> <p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p> <p> "Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership," he said.</p> <p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added. </p> <p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p> <p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. </p> <p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. Prime Minister frther added, “Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries”. RS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2990', 'image' => '20160323114833_pm sambodhan.jpg', 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '3151', 'article_category_id' => '1', 'title' => 'Geologist excited on discovery of Iron Ore ', 'sub_title' => '', 'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.', 'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p> <p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2989', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '3150', 'article_category_id' => '1', 'title' => 'Chinese Investors interested to invest in Nepal', 'sub_title' => '', 'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.', 'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p> <p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p> <p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli. </p> ', 'published' => true, 'created' => '2016-03-23', 'modified' => '2016-03-23', 'keywords' => '', 'description' => '', 'sortorder' => '2988', 'image' => null, 'article_date' => '2016-03-23 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '3148', 'article_category_id' => '1', 'title' => 'NMB helps oldage home', 'sub_title' => '', 'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.', 'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. “The support was held on the occasion of its 20th anniversary celebration, “states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2987', 'image' => '20160321035055_Clipboard19.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3147', 'article_category_id' => '1', 'title' => 'IB directs insurance companies to initiate Micro-insurance', 'sub_title' => '', 'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.', 'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress. </p> <p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p> <p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p> <p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. </p> <p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. “Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,” said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. “Thus, awareness among targeted group is an important step to be taken.” </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2986', 'image' => null, 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3146', 'article_category_id' => '1', 'title' => 'Nepal signs transit treaty with China', 'sub_title' => '', 'summary' => 'March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.', 'content' => '<p>March 21: Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p> <p>According to a press release issued by Pramod Dahal, the Prime Minister’s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed. </p> <p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2985', 'image' => '20160321013543_pm oli china.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '3145', 'article_category_id' => '1', 'title' => 'Huawei names Messi as new global brand ambassador', 'sub_title' => '', 'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ', 'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. </p> <p>"We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day," said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p> <p> "Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion," Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. </p> <p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world’s third largest smartphone maker in January after Samsung and Apple. The company’s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2984', 'image' => '20160321125016_Clipboard18.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3144', 'article_category_id' => '1', 'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ', 'sub_title' => '', 'summary' => 'March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ', 'content' => '<p>March 21: Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization. Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p> <p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers. </p> ', 'published' => true, 'created' => '2016-03-21', 'modified' => '2016-03-21', 'keywords' => '', 'description' => '', 'sortorder' => '2983', 'image' => '20160321113300_Clipboard08.jpg', 'article_date' => '2016-03-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Currency | Unit |
Buy | Sell |
U.S. Dollar | 1 | 121.23 | 121.83 |
European Euro | 1 | 131.65 | 132.31 |
UK Pound Sterling | 1 | 142.47 | 143.18 |
Swiss Franc | 1 | 124.29 | 124.90 |
Australian Dollar | 1 | 71.69 | 72.05 |
Canadian Dollar | 1 | 83.90 | 84.32 |
Japanese Yen | 10 | 10.94 | 11.00 |
Chinese Yuan | 1 | 17.17 | 17.26 |
Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
UAE Dirham | 1 | 33.01 | 33.17 |
Malaysian Ringgit | 1 | 27.36 | 27.50 |
South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
Fine Gold | 1 tola | 77000.00 |
Tejabi Gold | 1 tola | 76700.00 |
Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
Petrol | 1 Liter | 106.00 |
Diesel | 1 Liter | 95.00 |
Kerosene | 1 Liter | 95.00 |
LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25