Nepse likely to break all-time record this week

Aug 18, 2015 0 1 minutes 1 seconds to read

August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the…

Pokharel appointed CEO of post-quake reconstruction authority

Aug 14, 2015 0 22 seconds to read

August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction…

Nepse registers seven-year high

Aug 14, 2015 0 30 seconds to read

August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on…

Yuan Devaluation: How will it affect consumers in Nepal?

Aug 13, 2015 0 1 minutes 27 seconds to read

August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as…

Mission 8 Billion: Here is a comprehensive list of banks’ strategies

Aug 12, 2015 0 5 minutes 14 seconds to read

August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake.…

Vishal Group Appointed Authorized Dealer Of Tata Green Batteries

Jul 31, 2015 0 50 seconds to read

One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.…

Dr Mahat Meets ADB DG

Jul 31, 2015 0 53 seconds to read

Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4). In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake.…

Ncell Launches Ncell Connect- Dongles And Wireless Routers

Nov 30, -0001 1 1 minutes 35 seconds to read

…

Century Bank’s Two New FD Schemes

Nov 30, -0001 0 40 seconds to read

…

Sanima Opens 38th Branch

Nov 30, -0001 0 17 seconds to read

…

Bhandari New Chairman Of NCHL

Nov 30, -0001 0 38 seconds to read

…

Involvement Of Experts In Reconstruction A Must: Basnyat

Nov 30, -0001 0 1 minutes 5 seconds to read

…

Century Bank Shifts Its Birgunj Branch

Nov 30, -0001 0 32 seconds to read

…

CG Brand Sound Bar In Nepali Market

Nov 30, -0001 0 16 seconds to read

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Allow Private Sector To Spend Development Budget

Nov 30, -0001 0 3 minutes 50 seconds to read

…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '2833',
			'article_category_id' => '34',
			'title' => 'Nepse likely to break all-time record this week',
			'sub_title' => '',
			'summary' => 'August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.',
			'content' => '<p>August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.</p>

<p>On Monday, the second day of the trading week, Nepse registered a 45 point increase from the previous trading day, and closed at 1157.6. Market watchers say the index may cross the 1175 point mark on Tuesday itself.</p>

<p>&ldquo;If the trend that we have been witnessing in the past few days continues, the market will reach a new high soon,&rdquo; said Bharat Ranabhat of Kohinoor Securities.</p>

<p>The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, the recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>

<p>To add to that, the demand for shares of commercial banks has exceeded its supply, following the implementation of DEMAT trading. Ranabhat said not all shares of commercial banks have been de-materialised, and that is the reason why the supply has become low.</p>
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			'title' => 'Pokharel appointed CEO of post-quake reconstruction authority ',
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			'summary' => 'August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.',
			'content' => '<p>August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.</p>

<p>Pokharel is also the Vice-chairman of National Planning Commission. The authority, which is to be headed by the Prime Minister, will have home minister Bamdev Gautam, urban development minister Narayan Khadka and tourism minister Kripasur Sherpa as members.</p>

<p>The authority, which will oversee post-earthquake reconstruction work, will have tenure of five years.</p>
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			'title' => 'Nepse registers seven-year high',
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			'summary' => 'August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on Thursday',
			'content' => '<p>August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year&nbsp;high of 1088 points on Thursday</p>

<p>The index crossed 1083 points, the previous high this month, to close at 1088.42.The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, The recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>
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			'id' => '2830',
			'article_category_id' => '34',
			'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?',
			'sub_title' => '',
			'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.',
			'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank&rsquo;s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p>

<p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p>

<p><strong>What does this mean for the average consumer in Nepal?</strong><br />
When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate).&nbsp;</p>

<p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p>

<p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. &ldquo;After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,&rdquo; says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce.&nbsp;</p>

<p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p>

<p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p>
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			'id' => '2829',
			'article_category_id' => '34',
			'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ',
			'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank&rsquo;s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank&rsquo;s key rates, and due consideration to the effects of the April earthquake.</p>

<p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. &nbsp;BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p>

<p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p>

<p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&amp;t=BAR&amp;gco_allowHtml=false&amp;gco_isStacked=true&amp;gco_booleanRole=certainty&amp;gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&amp;gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&amp;gco_legend=bottom&amp;gco_title=Commercial+Banks+and+their+Paid-up+Capital&amp;gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&amp;gco_fontName=Sans+Serif&amp;containerId=googft-gviz-canvas&amp;q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&amp;qrs=+where+col0+%3E%3D+&amp;qre=+and+col0+%3C%3D+&amp;qe=+limit+30&amp;width=500&amp;height=300" width="500"></iframe></p>

<table border="2" cellpadding="0" cellspacing="0" style="width:461px">
	<tbody>
		<tr>
			<td style="height:42px; width:219px"><strong>Bank</strong></td>
			<td style="width:243px"><strong>Declared strategy&nbsp;</strong></td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Nepal Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:25px; width:219px">Nabil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td>
			<td style="width:243px">FPO</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Himalayan Bank Ltd.</td>
			<td style="width:243px">Right and bonus share</td>
		</tr>
		<tr>
			<td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td>
			<td style="width:243px">FPO&nbsp; approved by AGM, probably issue right share</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td>
			<td style="width:243px">Merger with NCC, bonus and right share issue</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Everest Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td>
			<td style="width:243px">Merger with NBB</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Kumari Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Laxmi Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:39px; width:219px">Siddhartha Bank Ltd.</td>
			<td style="width:243px">Bonus or merger with &#39;like- minded&#39; BFI, promoter may inject more capital</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Citizens Bank International Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sunrise Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td>
			<td style="width:243px">Merger with Prabhu Bank</td>
		</tr>
		<tr>
			<td style="height:30px; width:219px">NMB Bank Ltd.</td>
			<td style="width:243px">Merger and bonus share</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Century Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sanima Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">NIC Asia Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Global IME Bank Ltd.</td>
			<td style="width:243px">Bonus and right share</td>
		</tr>
		<tr>
			<td style="height:24px; width:219px">Civil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:26px; width:219px">Lumbini Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Prabhu Bank Ltd.</td>
			<td style="width:243px">Merger with Grand Bank</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>
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			'created' => '2015-08-12',
			'modified' => '2015-08-13',
			'keywords' => 'bank,paidupcapital,nrb,8billion',
			'description' => '',
			'sortorder' => '2673',
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	(int) 5 => array(
		'Article' => array(
			'id' => '2823',
			'article_category_id' => '34',
			'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries',
			'sub_title' => '',
			'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ',
			'content' => '<div>One of Nepal&rsquo;s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.&nbsp;</div>

<div>&nbsp;</div>

<div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div>

<div>&nbsp;</div>

<div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries.&nbsp;</div>

<div>&nbsp;</div>

<div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-11',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.',
			'sortorder' => '2672',
			'image' => '20150731013137_tata green.jpg',
			'article_date' => '2015-07-31 00:00:00',
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		'Article' => array(
			'id' => '2820',
			'article_category_id' => '141',
			'title' => 'Dr Mahat Meets ADB DG',
			'sub_title' => '',
			'summary' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4). In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake. ',
			'content' => '<div>&nbsp;</div>

<div>Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).</div>

<div>&nbsp;</div>

<div>In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal&rsquo;s reconstruction process after the earthquake.&nbsp;</div>

<div>&nbsp;</div>

<div>At the Nepal Partnership Forum held in Baku of Azerbaijan on May 3, ADB had announced assistance worth Rs 20 billion to Nepal&#39;s reconstruction process.</div>

<div>&nbsp;</div>

<div>According to a press release from the finance ministry, Dr Mahat informed Kim that the country would need up to Rs 1,000 billion for the reconstruction and rebuilding process. The duo also discussed the possibility of additional assistance from ADB.</div>

<div>&nbsp;</div>

<div>Finance Secretary Suman Prasad Sharma, joint secretary Madhu Kumar Mrasini and ADB&rsquo;s country director for Nepal, Kenichi Yokoyama were also present during the meeting. &nbsp;&nbsp;</div>

<div>&nbsp;</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).',
			'sortorder' => '2671',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2818',
			'article_category_id' => '108',
			'title' => 'Ncell Launches Ncell Connect- Dongles And Wireless Routers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers&rsquo; need for high-speed internet and contributing to post-quake relief and rebuilding works.</div>
<div>
	&nbsp;</div>
<div>
	The buyers of the devices will also get 500 MB data bonus for free. The company said the devices are available in all Ncell Centers, Ncell Shops and all authorized sales outlets.</div>
<div>
	&nbsp;</div>
<div>
	These high internet devices allow users to access internet at download speed of up to 21.6 MB per second and upload speed of up to 5.76 MB per second. Wireless routers allow up to 10 simultaneous users with battery backup of up to six hours. The speed of internet on these devices depends on speed available in the given locality and also on the external factors.</div>
<div>
	&nbsp;</div>
<div>
	The devices need a SIM along with data package to access the internet which enables Ncell subscribers to access internet services anytime, anywhere with Ncell 3G network. The devices are compatible to Windows and iOS.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Experiences across the world have shown that access to internet can much support relief and rebuilding works, and contribute to better manage post-quake impacts. Hence, respecting the need of the hour and customers demand, we have once again made high speed dongles and wireless routers available to our customers. We believe this will enable our customers to stay connected with the dear ones, businesses and support agencies across the world,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</div>
<div>
	&nbsp;</div>
<div>
	The dongles are available at Rs. 2699 (Including taxes), while wireless routers are available at Rs. 5399 (Including taxes). Customers can also get 500 MB data coming with the device transferred to their existing numbers along with the purchase of the device from Ncell Centers.</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-29',
			'keywords' => '',
			'description' => 'Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers’ need for high-speed internet and contributing to post-quake relief and rebuilding works.',
			'sortorder' => '2670',
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		'Article' => array(
			'id' => '2819',
			'article_category_id' => '34',
			'title' => 'Century Bank’s Two New FD Schemes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Until &nbsp;Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div>
<div>
	&nbsp;</div>
<div>
	Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.',
			'sortorder' => '2669',
			'image' => null,
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		'Article' => array(
			'id' => '2817',
			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2822',
			'article_category_id' => '141',
			'title' => 'Bhandari New Chairman Of NCHL',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the NCHL Board nominated Upendra Poudyal, CEO of NMB Bank Ltd, as a director of &nbsp;the NCHL Board for the remaining term after the departure of Ratna Raj Bajracharya who was also the chairman of NCHL earlier.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The board members of NCHL currently include a representative from Nepal Rastra Bank, three representatives from commercial banks, and a representative each from development banks, finance companies and Smart Choice Technologies P Ltd.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.',
			'sortorder' => '2667',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '2821',
			'article_category_id' => '141',
			'title' => 'Involvement Of Experts In Reconstruction A Must: Basnyat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that &nbsp;reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts. &nbsp;He said so while inaugurating the seminar titled &ldquo;Reconstructing Nepal: Global Perspective&rdquo; held on June 3. The seminar was jointly organised by CNI and Miyamoto Global Disaster Relief.</div>
<div>
	&nbsp;</div>
<div>
	Saying that today&rsquo;s first priority is to maintain mobility in the business and industrial sectors, Basnyat added CNI has already forwarded its suggestions to the government in order to help make policy changes to facilitate the reconstruction process.</div>
<div>
	Speaking on the occasion, earthquake expert and chief of the Miyamoto Foundation, Dr H Kit Miyamoto talked about the standard to be maintained in reconstruction of Nepal. &ldquo;It will be wise not to take any reconstruction decision in a hurry,&rdquo; said Dr Miyamoto.</div>
<div>
	&nbsp;</div>
<div>
	Sharing his experience of reconstruction work after earthquake in Haiti and New Zealand, Dr Miyamoto said that these countries were able to rebuild themselves through proper discussion among all stakeholders.</div>
<div>
	&nbsp;</div>
<div>
	CNI&rsquo;s senior vice president,xvice presidents ,senior industrialists, construction entrepreneurs and engineers were present in the programme.</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that  reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts.',
			'sortorder' => '2666',
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		'Article' => array(
			'id' => '2816',
			'article_category_id' => '141',
			'title' => 'Century Bank Shifts Its Birgunj Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Century Commercial Bank has temporarily shifted its Birgunj branch from Adarshanagar Ward No. 13 to Adarshanagar Ward No. 5 as the building housing the bank&rsquo;s office was damaged in the April 25 massive earthquake. According to the bank, the relocated branch office will provide only limited services to its customers but the bank will rent a new building soon and resume full banking services.</span></p>
<p>
	<span style="font-size:16px;">The 31<sup>st</sup> commercial bank of Nepal is operating with 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.</span></p>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2665',
			'image' => null,
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			'id' => '2815',
			'article_category_id' => '116',
			'title' => 'CG Brand Sound Bar In Nepali Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">CG brand, under CG Electronics Pvt. Ltd., Nepal&rsquo;s number one Electronics brand has recently launched two sound bars in the Nepali market namely CG-SB52 and CG-SB52W.It has features includes LED display, FM Radio, USB disc, SD card, thin design etc.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2664',
			'image' => null,
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	(int) 14 => array(
		'Article' => array(
			'id' => '2812',
			'article_category_id' => '52',
			'title' => 'Allow Private Sector To Spend Development Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money. In the first nine months of the current fiscal year, the government has been able to spend only about 26 percent of the development budget. In the previous fiscal year, such spending was about 29 per cent. Government officials are authorized to make capital expenditure right after the parliament endorses the national budget. But they don&rsquo;t move for months and wait for the final trimester to spend the development budget in a hurry. This has developed as a culture.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s not only the government-funded projects but also the donor-funded ones that are affected by this chronic tendency. The projects funded by the World Bank (WB), Nepal&rsquo;s largest multilateral development partner, could be taken as an example. In the first six months of the current fiscal year, spending by the WB-funded projects has been poor with disbursement standing at 5.3 per cent against a target of 13.2 per cent. According to the WB, disbursement amounted to Rs 38.06 million during the period against the targeted Rs 94.6 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ineffectiveness of the government machinery is clearly visible here as almost all of the WB&rsquo;s funding is channelled through the government system. There have been talks about enhancing the government&rsquo;s spending capacity but they are limited to just that &ndash; talks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The unspent amount has soared as this year&rsquo;s budget also has a carry-over of Rs 15 billion from last year&rsquo;s unspent budget. It shows that billions of rupees meant for development works have been remaining unspent. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	For years, we have been fatigued by this bizarre development practice. We have a measurable trend of low expenditure every year for various reasons. Since fiscal year 2011/12, capital expenditure has not crossed 30 percent of the allocated amount during the three trimesters. The delay in spending the budget can lead to multiple problems in the market such as lack of liquidity, no job creation and slow development work. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If a major chunk of the budget continues to pile up, there is persistent risk of spending the budget unaccountably at the end of the fiscal year. This has been happening for the last several years. Every year, newspapers are replete with stories of hasty and hurried expenditure of development funds when only a few months are left prior to the end of the fiscal year. The expenditure of development funds expedites a few months before the expiry of the fiscal year. This puts people&#39;s concerns about quality development into question. &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Laws and guidelines clearly stipulate that development expenditures have to be made within a set deadline, and accountability and transparency must be maintained in the process. But brushing aside such legal and procedural mandates, expenditures are being made in such a way as to produce miserable development output against hefty expenditure. It has become a common sight in and around the cities, towns and villages that construction of new tracks and blacktopping of roads unusually pick up momentum during June and July each year. Nepal&rsquo;s fiscal year ends at mid-July. One can imagine the quality of construction and development works when a major chunk of the national budget is spent in a few months before the expiry of the fiscal year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Procedural delays in approving the project and awarding the contract, a tendency among contractors not to work after receiving the mobilisation fund in advance, frequent transfer of technical and top level staffers at the project and fear of the anti-graft body are some of the reasons for the low spending of the capital expenditure. Whatever the reason might be, the fact is the government hasn&rsquo;t been able to spend the development budget year after year. Therefore the responsibility of spending the development budget should be given to the private sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If we adopt such practice, the private sector, which is far more efficient and capable than the public sector, can take the leadership of our development projects. The government, on its part can create a mechanism to periodically monitor the progress of such projects.</div>',
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			'description' => 'The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money.',
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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
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$articles = array(
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		'Article' => array(
			'id' => '2833',
			'article_category_id' => '34',
			'title' => 'Nepse likely to break all-time record this week',
			'sub_title' => '',
			'summary' => 'August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.',
			'content' => '<p>August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.</p>

<p>On Monday, the second day of the trading week, Nepse registered a 45 point increase from the previous trading day, and closed at 1157.6. Market watchers say the index may cross the 1175 point mark on Tuesday itself.</p>

<p>&ldquo;If the trend that we have been witnessing in the past few days continues, the market will reach a new high soon,&rdquo; said Bharat Ranabhat of Kohinoor Securities.</p>

<p>The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, the recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>

<p>To add to that, the demand for shares of commercial banks has exceeded its supply, following the implementation of DEMAT trading. Ranabhat said not all shares of commercial banks have been de-materialised, and that is the reason why the supply has become low.</p>
',
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			'created' => '2015-08-18',
			'modified' => '2015-08-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2677',
			'image' => null,
			'article_date' => '2015-08-18 00:00:00',
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			'id' => '2832',
			'article_category_id' => '91',
			'title' => 'Pokharel appointed CEO of post-quake reconstruction authority ',
			'sub_title' => '',
			'summary' => 'August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.',
			'content' => '<p>August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.</p>

<p>Pokharel is also the Vice-chairman of National Planning Commission. The authority, which is to be headed by the Prime Minister, will have home minister Bamdev Gautam, urban development minister Narayan Khadka and tourism minister Kripasur Sherpa as members.</p>

<p>The authority, which will oversee post-earthquake reconstruction work, will have tenure of five years.</p>
',
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			'created' => '2015-08-14',
			'modified' => '2015-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2676',
			'image' => '20150814105127_2.jpg',
			'article_date' => '2015-08-14 00:00:00',
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			'id' => '2831',
			'article_category_id' => '91',
			'title' => 'Nepse registers seven-year high',
			'sub_title' => '',
			'summary' => 'August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on Thursday',
			'content' => '<p>August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year&nbsp;high of 1088 points on Thursday</p>

<p>The index crossed 1083 points, the previous high this month, to close at 1088.42.The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, The recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>
',
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			'created' => '2015-08-14',
			'modified' => '2015-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2675',
			'image' => null,
			'article_date' => '2015-08-14 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2830',
			'article_category_id' => '34',
			'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?',
			'sub_title' => '',
			'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.',
			'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank&rsquo;s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p>

<p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p>

<p><strong>What does this mean for the average consumer in Nepal?</strong><br />
When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate).&nbsp;</p>

<p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p>

<p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. &ldquo;After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,&rdquo; says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce.&nbsp;</p>

<p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p>

<p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p>
',
			'published' => true,
			'created' => '2015-08-13',
			'modified' => '2015-08-13',
			'keywords' => 'Khasa, yuan devaluation, dashain',
			'description' => '',
			'sortorder' => '2674',
			'image' => '20150813103530_Renminbi_banknotes.jpg',
			'article_date' => '2015-08-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2829',
			'article_category_id' => '34',
			'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ',
			'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank&rsquo;s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank&rsquo;s key rates, and due consideration to the effects of the April earthquake.</p>

<p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. &nbsp;BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p>

<p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p>

<p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&amp;t=BAR&amp;gco_allowHtml=false&amp;gco_isStacked=true&amp;gco_booleanRole=certainty&amp;gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&amp;gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&amp;gco_legend=bottom&amp;gco_title=Commercial+Banks+and+their+Paid-up+Capital&amp;gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&amp;gco_fontName=Sans+Serif&amp;containerId=googft-gviz-canvas&amp;q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&amp;qrs=+where+col0+%3E%3D+&amp;qre=+and+col0+%3C%3D+&amp;qe=+limit+30&amp;width=500&amp;height=300" width="500"></iframe></p>

<table border="2" cellpadding="0" cellspacing="0" style="width:461px">
	<tbody>
		<tr>
			<td style="height:42px; width:219px"><strong>Bank</strong></td>
			<td style="width:243px"><strong>Declared strategy&nbsp;</strong></td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Nepal Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:25px; width:219px">Nabil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td>
			<td style="width:243px">FPO</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Himalayan Bank Ltd.</td>
			<td style="width:243px">Right and bonus share</td>
		</tr>
		<tr>
			<td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td>
			<td style="width:243px">FPO&nbsp; approved by AGM, probably issue right share</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td>
			<td style="width:243px">Merger with NCC, bonus and right share issue</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Everest Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td>
			<td style="width:243px">Merger with NBB</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Kumari Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Laxmi Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:39px; width:219px">Siddhartha Bank Ltd.</td>
			<td style="width:243px">Bonus or merger with &#39;like- minded&#39; BFI, promoter may inject more capital</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Citizens Bank International Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sunrise Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td>
			<td style="width:243px">Merger with Prabhu Bank</td>
		</tr>
		<tr>
			<td style="height:30px; width:219px">NMB Bank Ltd.</td>
			<td style="width:243px">Merger and bonus share</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Century Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sanima Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">NIC Asia Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Global IME Bank Ltd.</td>
			<td style="width:243px">Bonus and right share</td>
		</tr>
		<tr>
			<td style="height:24px; width:219px">Civil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:26px; width:219px">Lumbini Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Prabhu Bank Ltd.</td>
			<td style="width:243px">Merger with Grand Bank</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2015-08-12',
			'modified' => '2015-08-13',
			'keywords' => 'bank,paidupcapital,nrb,8billion',
			'description' => '',
			'sortorder' => '2673',
			'image' => null,
			'article_date' => '2015-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '12'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2823',
			'article_category_id' => '34',
			'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries',
			'sub_title' => '',
			'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ',
			'content' => '<div>One of Nepal&rsquo;s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.&nbsp;</div>

<div>&nbsp;</div>

<div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div>

<div>&nbsp;</div>

<div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries.&nbsp;</div>

<div>&nbsp;</div>

<div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-11',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.',
			'sortorder' => '2672',
			'image' => '20150731013137_tata green.jpg',
			'article_date' => '2015-07-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2820',
			'article_category_id' => '141',
			'title' => 'Dr Mahat Meets ADB DG',
			'sub_title' => '',
			'summary' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4). In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake. ',
			'content' => '<div>&nbsp;</div>

<div>Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).</div>

<div>&nbsp;</div>

<div>In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal&rsquo;s reconstruction process after the earthquake.&nbsp;</div>

<div>&nbsp;</div>

<div>At the Nepal Partnership Forum held in Baku of Azerbaijan on May 3, ADB had announced assistance worth Rs 20 billion to Nepal&#39;s reconstruction process.</div>

<div>&nbsp;</div>

<div>According to a press release from the finance ministry, Dr Mahat informed Kim that the country would need up to Rs 1,000 billion for the reconstruction and rebuilding process. The duo also discussed the possibility of additional assistance from ADB.</div>

<div>&nbsp;</div>

<div>Finance Secretary Suman Prasad Sharma, joint secretary Madhu Kumar Mrasini and ADB&rsquo;s country director for Nepal, Kenichi Yokoyama were also present during the meeting. &nbsp;&nbsp;</div>

<div>&nbsp;</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).',
			'sortorder' => '2671',
			'image' => '20150731013431_1433670488.jpg',
			'article_date' => '2015-07-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2818',
			'article_category_id' => '108',
			'title' => 'Ncell Launches Ncell Connect- Dongles And Wireless Routers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers&rsquo; need for high-speed internet and contributing to post-quake relief and rebuilding works.</div>
<div>
	&nbsp;</div>
<div>
	The buyers of the devices will also get 500 MB data bonus for free. The company said the devices are available in all Ncell Centers, Ncell Shops and all authorized sales outlets.</div>
<div>
	&nbsp;</div>
<div>
	These high internet devices allow users to access internet at download speed of up to 21.6 MB per second and upload speed of up to 5.76 MB per second. Wireless routers allow up to 10 simultaneous users with battery backup of up to six hours. The speed of internet on these devices depends on speed available in the given locality and also on the external factors.</div>
<div>
	&nbsp;</div>
<div>
	The devices need a SIM along with data package to access the internet which enables Ncell subscribers to access internet services anytime, anywhere with Ncell 3G network. The devices are compatible to Windows and iOS.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Experiences across the world have shown that access to internet can much support relief and rebuilding works, and contribute to better manage post-quake impacts. Hence, respecting the need of the hour and customers demand, we have once again made high speed dongles and wireless routers available to our customers. We believe this will enable our customers to stay connected with the dear ones, businesses and support agencies across the world,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</div>
<div>
	&nbsp;</div>
<div>
	The dongles are available at Rs. 2699 (Including taxes), while wireless routers are available at Rs. 5399 (Including taxes). Customers can also get 500 MB data coming with the device transferred to their existing numbers along with the purchase of the device from Ncell Centers.</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-29',
			'keywords' => '',
			'description' => 'Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers’ need for high-speed internet and contributing to post-quake relief and rebuilding works.',
			'sortorder' => '2670',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '2819',
			'article_category_id' => '34',
			'title' => 'Century Bank’s Two New FD Schemes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Until &nbsp;Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div>
<div>
	&nbsp;</div>
<div>
	Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.',
			'sortorder' => '2669',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2817',
			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2822',
			'article_category_id' => '141',
			'title' => 'Bhandari New Chairman Of NCHL',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the NCHL Board nominated Upendra Poudyal, CEO of NMB Bank Ltd, as a director of &nbsp;the NCHL Board for the remaining term after the departure of Ratna Raj Bajracharya who was also the chairman of NCHL earlier.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The board members of NCHL currently include a representative from Nepal Rastra Bank, three representatives from commercial banks, and a representative each from development banks, finance companies and Smart Choice Technologies P Ltd.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.',
			'sortorder' => '2667',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2821',
			'article_category_id' => '141',
			'title' => 'Involvement Of Experts In Reconstruction A Must: Basnyat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that &nbsp;reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts. &nbsp;He said so while inaugurating the seminar titled &ldquo;Reconstructing Nepal: Global Perspective&rdquo; held on June 3. The seminar was jointly organised by CNI and Miyamoto Global Disaster Relief.</div>
<div>
	&nbsp;</div>
<div>
	Saying that today&rsquo;s first priority is to maintain mobility in the business and industrial sectors, Basnyat added CNI has already forwarded its suggestions to the government in order to help make policy changes to facilitate the reconstruction process.</div>
<div>
	Speaking on the occasion, earthquake expert and chief of the Miyamoto Foundation, Dr H Kit Miyamoto talked about the standard to be maintained in reconstruction of Nepal. &ldquo;It will be wise not to take any reconstruction decision in a hurry,&rdquo; said Dr Miyamoto.</div>
<div>
	&nbsp;</div>
<div>
	Sharing his experience of reconstruction work after earthquake in Haiti and New Zealand, Dr Miyamoto said that these countries were able to rebuild themselves through proper discussion among all stakeholders.</div>
<div>
	&nbsp;</div>
<div>
	CNI&rsquo;s senior vice president,xvice presidents ,senior industrialists, construction entrepreneurs and engineers were present in the programme.</div>',
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			'description' => 'President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that  reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts.',
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			'title' => 'Century Bank Shifts Its Birgunj Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Century Commercial Bank has temporarily shifted its Birgunj branch from Adarshanagar Ward No. 13 to Adarshanagar Ward No. 5 as the building housing the bank&rsquo;s office was damaged in the April 25 massive earthquake. According to the bank, the relocated branch office will provide only limited services to its customers but the bank will rent a new building soon and resume full banking services.</span></p>
<p>
	<span style="font-size:16px;">The 31<sup>st</sup> commercial bank of Nepal is operating with 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.</span></p>
<div>
	&nbsp;</div>',
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			'created' => '2015-06-03',
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			'article_category_id' => '116',
			'title' => 'CG Brand Sound Bar In Nepali Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">CG brand, under CG Electronics Pvt. Ltd., Nepal&rsquo;s number one Electronics brand has recently launched two sound bars in the Nepali market namely CG-SB52 and CG-SB52W.It has features includes LED display, FM Radio, USB disc, SD card, thin design etc.</span></p>',
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			'created' => '2015-06-03',
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			'description' => '',
			'sortorder' => '2664',
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		'Article' => array(
			'id' => '2812',
			'article_category_id' => '52',
			'title' => 'Allow Private Sector To Spend Development Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money. In the first nine months of the current fiscal year, the government has been able to spend only about 26 percent of the development budget. In the previous fiscal year, such spending was about 29 per cent. Government officials are authorized to make capital expenditure right after the parliament endorses the national budget. But they don&rsquo;t move for months and wait for the final trimester to spend the development budget in a hurry. This has developed as a culture.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s not only the government-funded projects but also the donor-funded ones that are affected by this chronic tendency. The projects funded by the World Bank (WB), Nepal&rsquo;s largest multilateral development partner, could be taken as an example. In the first six months of the current fiscal year, spending by the WB-funded projects has been poor with disbursement standing at 5.3 per cent against a target of 13.2 per cent. According to the WB, disbursement amounted to Rs 38.06 million during the period against the targeted Rs 94.6 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ineffectiveness of the government machinery is clearly visible here as almost all of the WB&rsquo;s funding is channelled through the government system. There have been talks about enhancing the government&rsquo;s spending capacity but they are limited to just that &ndash; talks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The unspent amount has soared as this year&rsquo;s budget also has a carry-over of Rs 15 billion from last year&rsquo;s unspent budget. It shows that billions of rupees meant for development works have been remaining unspent. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	For years, we have been fatigued by this bizarre development practice. We have a measurable trend of low expenditure every year for various reasons. Since fiscal year 2011/12, capital expenditure has not crossed 30 percent of the allocated amount during the three trimesters. The delay in spending the budget can lead to multiple problems in the market such as lack of liquidity, no job creation and slow development work. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If a major chunk of the budget continues to pile up, there is persistent risk of spending the budget unaccountably at the end of the fiscal year. This has been happening for the last several years. Every year, newspapers are replete with stories of hasty and hurried expenditure of development funds when only a few months are left prior to the end of the fiscal year. The expenditure of development funds expedites a few months before the expiry of the fiscal year. This puts people&#39;s concerns about quality development into question. &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Laws and guidelines clearly stipulate that development expenditures have to be made within a set deadline, and accountability and transparency must be maintained in the process. But brushing aside such legal and procedural mandates, expenditures are being made in such a way as to produce miserable development output against hefty expenditure. It has become a common sight in and around the cities, towns and villages that construction of new tracks and blacktopping of roads unusually pick up momentum during June and July each year. Nepal&rsquo;s fiscal year ends at mid-July. One can imagine the quality of construction and development works when a major chunk of the national budget is spent in a few months before the expiry of the fiscal year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Procedural delays in approving the project and awarding the contract, a tendency among contractors not to work after receiving the mobilisation fund in advance, frequent transfer of technical and top level staffers at the project and fear of the anti-graft body are some of the reasons for the low spending of the capital expenditure. Whatever the reason might be, the fact is the government hasn&rsquo;t been able to spend the development budget year after year. Therefore the responsibility of spending the development budget should be given to the private sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If we adopt such practice, the private sector, which is far more efficient and capable than the public sector, can take the leadership of our development projects. The government, on its part can create a mechanism to periodically monitor the progress of such projects.</div>',
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		'Article' => array(
			'id' => '2833',
			'article_category_id' => '34',
			'title' => 'Nepse likely to break all-time record this week',
			'sub_title' => '',
			'summary' => 'August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.',
			'content' => '<p>August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.</p>

<p>On Monday, the second day of the trading week, Nepse registered a 45 point increase from the previous trading day, and closed at 1157.6. Market watchers say the index may cross the 1175 point mark on Tuesday itself.</p>

<p>&ldquo;If the trend that we have been witnessing in the past few days continues, the market will reach a new high soon,&rdquo; said Bharat Ranabhat of Kohinoor Securities.</p>

<p>The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, the recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>

<p>To add to that, the demand for shares of commercial banks has exceeded its supply, following the implementation of DEMAT trading. Ranabhat said not all shares of commercial banks have been de-materialised, and that is the reason why the supply has become low.</p>
',
			'published' => true,
			'created' => '2015-08-18',
			'modified' => '2015-08-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2677',
			'image' => null,
			'article_date' => '2015-08-18 00:00:00',
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			'id' => '2832',
			'article_category_id' => '91',
			'title' => 'Pokharel appointed CEO of post-quake reconstruction authority ',
			'sub_title' => '',
			'summary' => 'August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.',
			'content' => '<p>August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.</p>

<p>Pokharel is also the Vice-chairman of National Planning Commission. The authority, which is to be headed by the Prime Minister, will have home minister Bamdev Gautam, urban development minister Narayan Khadka and tourism minister Kripasur Sherpa as members.</p>

<p>The authority, which will oversee post-earthquake reconstruction work, will have tenure of five years.</p>
',
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			'created' => '2015-08-14',
			'modified' => '2015-08-14',
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			'description' => '',
			'sortorder' => '2676',
			'image' => '20150814105127_2.jpg',
			'article_date' => '2015-08-14 00:00:00',
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			'id' => '2831',
			'article_category_id' => '91',
			'title' => 'Nepse registers seven-year high',
			'sub_title' => '',
			'summary' => 'August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on Thursday',
			'content' => '<p>August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year&nbsp;high of 1088 points on Thursday</p>

<p>The index crossed 1083 points, the previous high this month, to close at 1088.42.The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, The recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>
',
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			'created' => '2015-08-14',
			'modified' => '2015-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2675',
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			'article_date' => '2015-08-14 00:00:00',
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		'Article' => array(
			'id' => '2830',
			'article_category_id' => '34',
			'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?',
			'sub_title' => '',
			'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.',
			'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank&rsquo;s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p>

<p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p>

<p><strong>What does this mean for the average consumer in Nepal?</strong><br />
When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate).&nbsp;</p>

<p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p>

<p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. &ldquo;After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,&rdquo; says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce.&nbsp;</p>

<p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p>

<p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p>
',
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			'created' => '2015-08-13',
			'modified' => '2015-08-13',
			'keywords' => 'Khasa, yuan devaluation, dashain',
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			'sortorder' => '2674',
			'image' => '20150813103530_Renminbi_banknotes.jpg',
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			'id' => '2829',
			'article_category_id' => '34',
			'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ',
			'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank&rsquo;s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank&rsquo;s key rates, and due consideration to the effects of the April earthquake.</p>

<p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. &nbsp;BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p>

<p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p>

<p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&amp;t=BAR&amp;gco_allowHtml=false&amp;gco_isStacked=true&amp;gco_booleanRole=certainty&amp;gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&amp;gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&amp;gco_legend=bottom&amp;gco_title=Commercial+Banks+and+their+Paid-up+Capital&amp;gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&amp;gco_fontName=Sans+Serif&amp;containerId=googft-gviz-canvas&amp;q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&amp;qrs=+where+col0+%3E%3D+&amp;qre=+and+col0+%3C%3D+&amp;qe=+limit+30&amp;width=500&amp;height=300" width="500"></iframe></p>

<table border="2" cellpadding="0" cellspacing="0" style="width:461px">
	<tbody>
		<tr>
			<td style="height:42px; width:219px"><strong>Bank</strong></td>
			<td style="width:243px"><strong>Declared strategy&nbsp;</strong></td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Nepal Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:25px; width:219px">Nabil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td>
			<td style="width:243px">FPO</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Himalayan Bank Ltd.</td>
			<td style="width:243px">Right and bonus share</td>
		</tr>
		<tr>
			<td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td>
			<td style="width:243px">FPO&nbsp; approved by AGM, probably issue right share</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td>
			<td style="width:243px">Merger with NCC, bonus and right share issue</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Everest Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td>
			<td style="width:243px">Merger with NBB</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Kumari Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Laxmi Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:39px; width:219px">Siddhartha Bank Ltd.</td>
			<td style="width:243px">Bonus or merger with &#39;like- minded&#39; BFI, promoter may inject more capital</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Citizens Bank International Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sunrise Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td>
			<td style="width:243px">Merger with Prabhu Bank</td>
		</tr>
		<tr>
			<td style="height:30px; width:219px">NMB Bank Ltd.</td>
			<td style="width:243px">Merger and bonus share</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Century Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sanima Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">NIC Asia Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Global IME Bank Ltd.</td>
			<td style="width:243px">Bonus and right share</td>
		</tr>
		<tr>
			<td style="height:24px; width:219px">Civil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:26px; width:219px">Lumbini Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Prabhu Bank Ltd.</td>
			<td style="width:243px">Merger with Grand Bank</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2015-08-12',
			'modified' => '2015-08-13',
			'keywords' => 'bank,paidupcapital,nrb,8billion',
			'description' => '',
			'sortorder' => '2673',
			'image' => null,
			'article_date' => '2015-08-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '12'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2823',
			'article_category_id' => '34',
			'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries',
			'sub_title' => '',
			'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ',
			'content' => '<div>One of Nepal&rsquo;s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.&nbsp;</div>

<div>&nbsp;</div>

<div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div>

<div>&nbsp;</div>

<div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries.&nbsp;</div>

<div>&nbsp;</div>

<div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-11',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.',
			'sortorder' => '2672',
			'image' => '20150731013137_tata green.jpg',
			'article_date' => '2015-07-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2820',
			'article_category_id' => '141',
			'title' => 'Dr Mahat Meets ADB DG',
			'sub_title' => '',
			'summary' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4). In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake. ',
			'content' => '<div>&nbsp;</div>

<div>Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).</div>

<div>&nbsp;</div>

<div>In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal&rsquo;s reconstruction process after the earthquake.&nbsp;</div>

<div>&nbsp;</div>

<div>At the Nepal Partnership Forum held in Baku of Azerbaijan on May 3, ADB had announced assistance worth Rs 20 billion to Nepal&#39;s reconstruction process.</div>

<div>&nbsp;</div>

<div>According to a press release from the finance ministry, Dr Mahat informed Kim that the country would need up to Rs 1,000 billion for the reconstruction and rebuilding process. The duo also discussed the possibility of additional assistance from ADB.</div>

<div>&nbsp;</div>

<div>Finance Secretary Suman Prasad Sharma, joint secretary Madhu Kumar Mrasini and ADB&rsquo;s country director for Nepal, Kenichi Yokoyama were also present during the meeting. &nbsp;&nbsp;</div>

<div>&nbsp;</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).',
			'sortorder' => '2671',
			'image' => '20150731013431_1433670488.jpg',
			'article_date' => '2015-07-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2818',
			'article_category_id' => '108',
			'title' => 'Ncell Launches Ncell Connect- Dongles And Wireless Routers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers&rsquo; need for high-speed internet and contributing to post-quake relief and rebuilding works.</div>
<div>
	&nbsp;</div>
<div>
	The buyers of the devices will also get 500 MB data bonus for free. The company said the devices are available in all Ncell Centers, Ncell Shops and all authorized sales outlets.</div>
<div>
	&nbsp;</div>
<div>
	These high internet devices allow users to access internet at download speed of up to 21.6 MB per second and upload speed of up to 5.76 MB per second. Wireless routers allow up to 10 simultaneous users with battery backup of up to six hours. The speed of internet on these devices depends on speed available in the given locality and also on the external factors.</div>
<div>
	&nbsp;</div>
<div>
	The devices need a SIM along with data package to access the internet which enables Ncell subscribers to access internet services anytime, anywhere with Ncell 3G network. The devices are compatible to Windows and iOS.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Experiences across the world have shown that access to internet can much support relief and rebuilding works, and contribute to better manage post-quake impacts. Hence, respecting the need of the hour and customers demand, we have once again made high speed dongles and wireless routers available to our customers. We believe this will enable our customers to stay connected with the dear ones, businesses and support agencies across the world,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</div>
<div>
	&nbsp;</div>
<div>
	The dongles are available at Rs. 2699 (Including taxes), while wireless routers are available at Rs. 5399 (Including taxes). Customers can also get 500 MB data coming with the device transferred to their existing numbers along with the purchase of the device from Ncell Centers.</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-29',
			'keywords' => '',
			'description' => 'Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers’ need for high-speed internet and contributing to post-quake relief and rebuilding works.',
			'sortorder' => '2670',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '2819',
			'article_category_id' => '34',
			'title' => 'Century Bank’s Two New FD Schemes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Until &nbsp;Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div>
<div>
	&nbsp;</div>
<div>
	Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.',
			'sortorder' => '2669',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2817',
			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2822',
			'article_category_id' => '141',
			'title' => 'Bhandari New Chairman Of NCHL',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the NCHL Board nominated Upendra Poudyal, CEO of NMB Bank Ltd, as a director of &nbsp;the NCHL Board for the remaining term after the departure of Ratna Raj Bajracharya who was also the chairman of NCHL earlier.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The board members of NCHL currently include a representative from Nepal Rastra Bank, three representatives from commercial banks, and a representative each from development banks, finance companies and Smart Choice Technologies P Ltd.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.',
			'sortorder' => '2667',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2821',
			'article_category_id' => '141',
			'title' => 'Involvement Of Experts In Reconstruction A Must: Basnyat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that &nbsp;reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts. &nbsp;He said so while inaugurating the seminar titled &ldquo;Reconstructing Nepal: Global Perspective&rdquo; held on June 3. The seminar was jointly organised by CNI and Miyamoto Global Disaster Relief.</div>
<div>
	&nbsp;</div>
<div>
	Saying that today&rsquo;s first priority is to maintain mobility in the business and industrial sectors, Basnyat added CNI has already forwarded its suggestions to the government in order to help make policy changes to facilitate the reconstruction process.</div>
<div>
	Speaking on the occasion, earthquake expert and chief of the Miyamoto Foundation, Dr H Kit Miyamoto talked about the standard to be maintained in reconstruction of Nepal. &ldquo;It will be wise not to take any reconstruction decision in a hurry,&rdquo; said Dr Miyamoto.</div>
<div>
	&nbsp;</div>
<div>
	Sharing his experience of reconstruction work after earthquake in Haiti and New Zealand, Dr Miyamoto said that these countries were able to rebuild themselves through proper discussion among all stakeholders.</div>
<div>
	&nbsp;</div>
<div>
	CNI&rsquo;s senior vice president,xvice presidents ,senior industrialists, construction entrepreneurs and engineers were present in the programme.</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that  reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts.',
			'sortorder' => '2666',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '2816',
			'article_category_id' => '141',
			'title' => 'Century Bank Shifts Its Birgunj Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Century Commercial Bank has temporarily shifted its Birgunj branch from Adarshanagar Ward No. 13 to Adarshanagar Ward No. 5 as the building housing the bank&rsquo;s office was damaged in the April 25 massive earthquake. According to the bank, the relocated branch office will provide only limited services to its customers but the bank will rent a new building soon and resume full banking services.</span></p>
<p>
	<span style="font-size:16px;">The 31<sup>st</sup> commercial bank of Nepal is operating with 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.</span></p>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2665',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '2815',
			'article_category_id' => '116',
			'title' => 'CG Brand Sound Bar In Nepali Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">CG brand, under CG Electronics Pvt. Ltd., Nepal&rsquo;s number one Electronics brand has recently launched two sound bars in the Nepali market namely CG-SB52 and CG-SB52W.It has features includes LED display, FM Radio, USB disc, SD card, thin design etc.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2664',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '2812',
			'article_category_id' => '52',
			'title' => 'Allow Private Sector To Spend Development Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money. In the first nine months of the current fiscal year, the government has been able to spend only about 26 percent of the development budget. In the previous fiscal year, such spending was about 29 per cent. Government officials are authorized to make capital expenditure right after the parliament endorses the national budget. But they don&rsquo;t move for months and wait for the final trimester to spend the development budget in a hurry. This has developed as a culture.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s not only the government-funded projects but also the donor-funded ones that are affected by this chronic tendency. The projects funded by the World Bank (WB), Nepal&rsquo;s largest multilateral development partner, could be taken as an example. In the first six months of the current fiscal year, spending by the WB-funded projects has been poor with disbursement standing at 5.3 per cent against a target of 13.2 per cent. According to the WB, disbursement amounted to Rs 38.06 million during the period against the targeted Rs 94.6 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ineffectiveness of the government machinery is clearly visible here as almost all of the WB&rsquo;s funding is channelled through the government system. There have been talks about enhancing the government&rsquo;s spending capacity but they are limited to just that &ndash; talks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The unspent amount has soared as this year&rsquo;s budget also has a carry-over of Rs 15 billion from last year&rsquo;s unspent budget. It shows that billions of rupees meant for development works have been remaining unspent. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	For years, we have been fatigued by this bizarre development practice. We have a measurable trend of low expenditure every year for various reasons. Since fiscal year 2011/12, capital expenditure has not crossed 30 percent of the allocated amount during the three trimesters. The delay in spending the budget can lead to multiple problems in the market such as lack of liquidity, no job creation and slow development work. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If a major chunk of the budget continues to pile up, there is persistent risk of spending the budget unaccountably at the end of the fiscal year. This has been happening for the last several years. Every year, newspapers are replete with stories of hasty and hurried expenditure of development funds when only a few months are left prior to the end of the fiscal year. The expenditure of development funds expedites a few months before the expiry of the fiscal year. This puts people&#39;s concerns about quality development into question. &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Laws and guidelines clearly stipulate that development expenditures have to be made within a set deadline, and accountability and transparency must be maintained in the process. But brushing aside such legal and procedural mandates, expenditures are being made in such a way as to produce miserable development output against hefty expenditure. It has become a common sight in and around the cities, towns and villages that construction of new tracks and blacktopping of roads unusually pick up momentum during June and July each year. Nepal&rsquo;s fiscal year ends at mid-July. One can imagine the quality of construction and development works when a major chunk of the national budget is spent in a few months before the expiry of the fiscal year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Procedural delays in approving the project and awarding the contract, a tendency among contractors not to work after receiving the mobilisation fund in advance, frequent transfer of technical and top level staffers at the project and fear of the anti-graft body are some of the reasons for the low spending of the capital expenditure. Whatever the reason might be, the fact is the government hasn&rsquo;t been able to spend the development budget year after year. Therefore the responsibility of spending the development budget should be given to the private sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If we adopt such practice, the private sector, which is far more efficient and capable than the public sector, can take the leadership of our development projects. The government, on its part can create a mechanism to periodically monitor the progress of such projects.</div>',
			'published' => true,
			'created' => '2015-06-01',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money.',
			'sortorder' => '2663',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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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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		'Article' => array(
			'id' => '2833',
			'article_category_id' => '34',
			'title' => 'Nepse likely to break all-time record this week',
			'sub_title' => '',
			'summary' => 'August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.',
			'content' => '<p>August 18: Nepse is likely to record an all-time high this week, barring unexpected events in the market.</p>

<p>On Monday, the second day of the trading week, Nepse registered a 45 point increase from the previous trading day, and closed at 1157.6. Market watchers say the index may cross the 1175 point mark on Tuesday itself.</p>

<p>&ldquo;If the trend that we have been witnessing in the past few days continues, the market will reach a new high soon,&rdquo; said Bharat Ranabhat of Kohinoor Securities.</p>

<p>The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, the recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>

<p>To add to that, the demand for shares of commercial banks has exceeded its supply, following the implementation of DEMAT trading. Ranabhat said not all shares of commercial banks have been de-materialised, and that is the reason why the supply has become low.</p>
',
			'published' => true,
			'created' => '2015-08-18',
			'modified' => '2015-08-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2677',
			'image' => null,
			'article_date' => '2015-08-18 00:00:00',
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			'id' => '2832',
			'article_category_id' => '91',
			'title' => 'Pokharel appointed CEO of post-quake reconstruction authority ',
			'sub_title' => '',
			'summary' => 'August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.',
			'content' => '<p>August 14: The government has appointed Govinda Raj Pokharel as CEO of the reconstruction authority.</p>

<p>Pokharel is also the Vice-chairman of National Planning Commission. The authority, which is to be headed by the Prime Minister, will have home minister Bamdev Gautam, urban development minister Narayan Khadka and tourism minister Kripasur Sherpa as members.</p>

<p>The authority, which will oversee post-earthquake reconstruction work, will have tenure of five years.</p>
',
			'published' => true,
			'created' => '2015-08-14',
			'modified' => '2015-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2676',
			'image' => '20150814105127_2.jpg',
			'article_date' => '2015-08-14 00:00:00',
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			'id' => '2831',
			'article_category_id' => '91',
			'title' => 'Nepse registers seven-year high',
			'sub_title' => '',
			'summary' => 'August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year high of 1088 points on Thursday',
			'content' => '<p>August 14: Nepal Stock Exchange (Nepse) index closed at a seven-year&nbsp;high of 1088 points on Thursday</p>

<p>The index crossed 1083 points, the previous high this month, to close at 1088.42.The highest the index ever reached was on August 31,2008, when it closed at 1175.38.</p>

<p>According to analysts, The recent announcement by the central bank to make it mandatory for BFIs to increase their paid-up capital has encouraged new investors. Similarly, the news of insurance companies increasing their capital, and the publication of quarterly profit reports of listed companies has helped the index record a new high.</p>
',
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			'created' => '2015-08-14',
			'modified' => '2015-08-14',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2675',
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			'article_date' => '2015-08-14 00:00:00',
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		'Article' => array(
			'id' => '2830',
			'article_category_id' => '34',
			'title' => 'Yuan Devaluation: How will it affect consumers in Nepal?',
			'sub_title' => '',
			'summary' => 'August 13: As the yuan hit a four-year low following the Chinese central bank’s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.',
			'content' => '<p>August 13: As the yuan hit a four-year low following the Chinese central bank&rsquo;s decision to devalue its currency on Tuesday, observers say the devaluation will affect Nepal as well.</p>

<p>The yuan traded in China hit 6.4510 per US. dollar, its lowest since August 2011. The currency fared even worse in the international market, touching 6.59 to the dollar.</p>

<p><strong>What does this mean for the average consumer in Nepal?</strong><br />
When a currency weakens in the international market, exports from that particular country (in this case China) become cheaper. So when Nepali importers buy goods in China, they need to pay less (owing to the lowered exchange rate).&nbsp;</p>

<p>However, Nepali consumers will have to wait till Dashain for the new prices to come into effect as the Tatopani customs, closed after the April earthquake, will resume operations only before the festival season.</p>

<p>Nepal imports huge quantities of readymade garments, shoes, electronic items and fruits from China through Tatopani in Sindhupalchowk and Rasuwagadhi in Rasuwa. &ldquo;After the devaluation of the Chinese currency, demand for Chinese hardware, tiles and air conditioners may increase,&rdquo; says Kamalesh Kumar Agrawal, General Secretary of Nepal Chamber of Commerce.&nbsp;</p>

<p>He says that due to the devaluation, importers will feel a sense of relief, and ultimately consumers will also have to pay less.</p>

<p>Meanwhile, Chinese authorities are yet to allow Nepali businessmen to move containers stranded in Khasa following the quake. Traders say around 500 such containers are still stranded in China, even as obstructions on highway caused by the earthquake have been cleared. That is why Nepali consumers will not feel the effect of the devaluation soon, they say.</p>
',
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			'created' => '2015-08-13',
			'modified' => '2015-08-13',
			'keywords' => 'Khasa, yuan devaluation, dashain',
			'description' => '',
			'sortorder' => '2674',
			'image' => '20150813103530_Renminbi_banknotes.jpg',
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			'id' => '2829',
			'article_category_id' => '34',
			'title' => 'Mission 8 Billion: Here is a comprehensive list of banks’ strategies',
			'sub_title' => '',
			'summary' => 'August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank’s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank’s key rates, and due consideration to the effects of the April earthquake. ',
			'content' => '<p>August 12: Nepal Rastra Bank governor Chiranjeevi Nepal unveiled the central bank&rsquo;s monetary policy on July 23. Nepal, who took office on March 20, has given continuity to most of the bank&rsquo;s key rates, and due consideration to the effects of the April earthquake.</p>

<p>But the highlight of the policy is that commercial banks need to increase their paid-up capital by as much as four folds by 2017/18. According to the new policy, commercial banks need to increase their capital to Rs 8 billion, and national-level development banks to Rs 2.5 billion. Similarly, development banks that cover 4-10 districts need to increase their capital to 1.2 billion, and financial institutions that cover 1-3 districts need to have at least Rs 400 million. The policy has been introduced to encourage banks to merge with one another, said the governor in his speech. &nbsp;BFIs have also been asked to keep aside a certain portion of profit to train human resources and fulfill corporate social responsibility.</p>

<p>The biggest private sector bank, in terms of capital, is Global IME Bank (with Rs 5.01 billion in paid-up capital), the smallest is NCC (with Rs 1.47 billion). Rastriya Banijya Bank and Agriculture Development Bank are the only banks that have the paid-up capital in excess of Rs 8 billion.</p>

<p><iframe frameborder="no" height="600" scrolling="no" src="https://www.google.com/fusiontables/embedviz?viz=GVIZ&amp;t=BAR&amp;gco_allowHtml=false&amp;gco_isStacked=true&amp;gco_booleanRole=certainty&amp;gco_hAxis=%7B%22useFormatFromData%22%3Atrue%2C+%22viewWindow%22%3A%7B%22max%22%3Anull%2C+%22min%22%3Anull%7D%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22gridlines%22%3A%7B%22count%22%3A%22-1%22%7D%2C+%22formatOptions%22%3A%7B%22scaleFactor%22%3Anull%7D%2C+%22logScale%22%3Afalse%7D&amp;gco_vAxes=%5B%7B%22useFormatFromData%22%3Atrue%2C+%22minValue%22%3Anull%2C+%22maxValue%22%3Anull%2C+%22viewWindow%22%3Anull%2C+%22viewWindowMode%22%3Anull%2C+%22titleTextStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%2C+%22italic%22%3Atrue%7D%2C+%22title%22%3A%22Banks%22%2C+%22textStyle%22%3A%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D%7D%2C%7B%22useFormatFromData%22%3Atrue%7D%5D&amp;gco_legend=bottom&amp;gco_title=Commercial+Banks+and+their+Paid-up+Capital&amp;gco_legendTextStyle=%7B%22color%22%3A%22%23222%22%2C+%22fontSize%22%3A%227%22%7D&amp;gco_fontName=Sans+Serif&amp;containerId=googft-gviz-canvas&amp;q=select+col0%2C+col1%2C+col2+from+1k-6xDI2GWHM4BVYW9XPPF62xaGG5klmHPxCGuYx-&amp;qrs=+where+col0+%3E%3D+&amp;qre=+and+col0+%3C%3D+&amp;qe=+limit+30&amp;width=500&amp;height=300" width="500"></iframe></p>

<table border="2" cellpadding="0" cellspacing="0" style="width:461px">
	<tbody>
		<tr>
			<td style="height:42px; width:219px"><strong>Bank</strong></td>
			<td style="width:243px"><strong>Declared strategy&nbsp;</strong></td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Nepal Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Rastriya Banijya Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Agriculture Development Bank Ltd.</td>
			<td style="width:243px">Already compliant</td>
		</tr>
		<tr>
			<td style="height:25px; width:219px">Nabil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Nepal Investment Bank Ltd.</td>
			<td style="width:243px">FPO</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Standard Chartered Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Himalayan Bank Ltd.</td>
			<td style="width:243px">Right and bonus share</td>
		</tr>
		<tr>
			<td style="height:38px; width:219px">Nepal SBI Bank Ltd.</td>
			<td style="width:243px">FPO&nbsp; approved by AGM, probably issue right share</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Nepal Bangaladesh Bank Ltd.</td>
			<td style="width:243px">Merger with NCC, bonus and right share issue</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Everest Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Bank of Kathmandu Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Nepal Credit and Commerce Bank Ltd.</td>
			<td style="width:243px">Merger with NBB</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Kumari Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Laxmi Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:39px; width:219px">Siddhartha Bank Ltd.</td>
			<td style="width:243px">Bonus or merger with &#39;like- minded&#39; BFI, promoter may inject more capital</td>
		</tr>
		<tr>
			<td style="height:41px; width:219px">Citizens Bank International Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Prime Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sunrise Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:34px; width:219px">Grand Bank Nepal Ltd.</td>
			<td style="width:243px">Merger with Prabhu Bank</td>
		</tr>
		<tr>
			<td style="height:30px; width:219px">NMB Bank Ltd.</td>
			<td style="width:243px">Merger and bonus share</td>
		</tr>
		<tr>
			<td style="height:29px; width:219px">Janata Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:31px; width:219px">Mega Bank Nepal Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:40px; width:219px">Century Commercial Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">Sanima Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:42px; width:219px">Machhapuchhre Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:35px; width:219px">NIC Asia Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Global IME Bank Ltd.</td>
			<td style="width:243px">Bonus and right share</td>
		</tr>
		<tr>
			<td style="height:24px; width:219px">Civil Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:26px; width:219px">Lumbini Bank Ltd.</td>
			<td style="width:243px">NA</td>
		</tr>
		<tr>
			<td style="height:27px; width:219px">Prabhu Bank Ltd.</td>
			<td style="width:243px">Merger with Grand Bank</td>
		</tr>
	</tbody>
</table>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2015-08-12',
			'modified' => '2015-08-13',
			'keywords' => 'bank,paidupcapital,nrb,8billion',
			'description' => '',
			'sortorder' => '2673',
			'image' => null,
			'article_date' => '2015-08-12 00:00:00',
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		'Article' => array(
			'id' => '2823',
			'article_category_id' => '34',
			'title' => 'Vishal Group Appointed Authorized Dealer Of Tata Green Batteries',
			'sub_title' => '',
			'summary' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10. ',
			'content' => '<div>One of Nepal&rsquo;s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.&nbsp;</div>

<div>&nbsp;</div>

<div>Nikunj Agrawal, Director of Vishal Group and Bibek Bijukchhe, CEO of the Automotive Division of Vishal Group and Abhijit Bhattacharya, Territory In-charge for TATA AUTOCOMP and Jai Raj Singh, Zonal Manager of TATA AUTOCOMP were present in the agreement signing ceremony.</div>

<div>&nbsp;</div>

<div>With the signing of this agreement, Vishal Group will be the authorized dealer of Tata Green Products such as inverters, solar panels, two wheelers and four wheelers batteries and heavy commercial vehicles batteries.&nbsp;</div>

<div>&nbsp;</div>

<div>Tata Green Batteries is a joint venture between Tata Group India and GS Yuasa Battery (Japan). The batteries are manufactured using Japanese technology and are 90% recyclable.</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-11',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'One of Nepal’s leading business and industrial groups, Vishal group has been appointed the authorized distributor of Tata Green Batteries for the Kathmandu Valley. An agreement to this effect was signed between Vishal Group and TATA AUTOCOMP at the Trade Tower, Thapathali, on June 10.',
			'sortorder' => '2672',
			'image' => '20150731013137_tata green.jpg',
			'article_date' => '2015-07-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 6 => array(
		'Article' => array(
			'id' => '2820',
			'article_category_id' => '141',
			'title' => 'Dr Mahat Meets ADB DG',
			'sub_title' => '',
			'summary' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4). In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake. ',
			'content' => '<div>&nbsp;</div>

<div>Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).</div>

<div>&nbsp;</div>

<div>In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal&rsquo;s reconstruction process after the earthquake.&nbsp;</div>

<div>&nbsp;</div>

<div>At the Nepal Partnership Forum held in Baku of Azerbaijan on May 3, ADB had announced assistance worth Rs 20 billion to Nepal&#39;s reconstruction process.</div>

<div>&nbsp;</div>

<div>According to a press release from the finance ministry, Dr Mahat informed Kim that the country would need up to Rs 1,000 billion for the reconstruction and rebuilding process. The duo also discussed the possibility of additional assistance from ADB.</div>

<div>&nbsp;</div>

<div>Finance Secretary Suman Prasad Sharma, joint secretary Madhu Kumar Mrasini and ADB&rsquo;s country director for Nepal, Kenichi Yokoyama were also present during the meeting. &nbsp;&nbsp;</div>

<div>&nbsp;</div>

<div>&nbsp;</div>
',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-31',
			'keywords' => '',
			'description' => 'Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).',
			'sortorder' => '2671',
			'image' => '20150731013431_1433670488.jpg',
			'article_date' => '2015-07-31 00:00:00',
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			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 7 => array(
		'Article' => array(
			'id' => '2818',
			'article_category_id' => '108',
			'title' => 'Ncell Launches Ncell Connect- Dongles And Wireless Routers',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers&rsquo; need for high-speed internet and contributing to post-quake relief and rebuilding works.</div>
<div>
	&nbsp;</div>
<div>
	The buyers of the devices will also get 500 MB data bonus for free. The company said the devices are available in all Ncell Centers, Ncell Shops and all authorized sales outlets.</div>
<div>
	&nbsp;</div>
<div>
	These high internet devices allow users to access internet at download speed of up to 21.6 MB per second and upload speed of up to 5.76 MB per second. Wireless routers allow up to 10 simultaneous users with battery backup of up to six hours. The speed of internet on these devices depends on speed available in the given locality and also on the external factors.</div>
<div>
	&nbsp;</div>
<div>
	The devices need a SIM along with data package to access the internet which enables Ncell subscribers to access internet services anytime, anywhere with Ncell 3G network. The devices are compatible to Windows and iOS.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;Experiences across the world have shown that access to internet can much support relief and rebuilding works, and contribute to better manage post-quake impacts. Hence, respecting the need of the hour and customers demand, we have once again made high speed dongles and wireless routers available to our customers. We believe this will enable our customers to stay connected with the dear ones, businesses and support agencies across the world,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</div>
<div>
	&nbsp;</div>
<div>
	The dongles are available at Rs. 2699 (Including taxes), while wireless routers are available at Rs. 5399 (Including taxes). Customers can also get 500 MB data coming with the device transferred to their existing numbers along with the purchase of the device from Ncell Centers.</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-07-29',
			'keywords' => '',
			'description' => 'Telecom giant Ncell has launched Ncell connect dongles and wireless routers. The company says the new launches are aimed at catering to its customers’ need for high-speed internet and contributing to post-quake relief and rebuilding works.',
			'sortorder' => '2670',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '2819',
			'article_category_id' => '34',
			'title' => 'Century Bank’s Two New FD Schemes',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Until &nbsp;Chaitra of Fiscal Year 2071/72 the bank has made an operating profit of Rs. 209.1 million with total deposits of Rs. 23 billion and 420 million and total loans of Rs. 20 billion and 70 million.</div>
<div>
	&nbsp;</div>
<div>
	Century Bank, which started its journey from the head office at Putalisadak as the 31st commercial bank of Nepal, now has 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-07',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Century Bank has made two new offers on the fixed deposit (FD) schemes in which the bank offers 7 % and 7.5 % interest in 100 days and one-year fixed accounts, respectively. The minimum balance for 100 days fixed deposit is Rs. 5,00,000 and that for one-year fixed deposit is Rs. 10,000.',
			'sortorder' => '2669',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2817',
			'article_category_id' => '139',
			'title' => 'Sanima Opens 38th Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Sanima Bank Limited (Sanima) has opened its 38<sup>th </sup>branch at Sohrakhutte, Nayabazar, Kathmandu. The bank said it is a full-fledged branch providing all banking services. The branch was jointly inaugurated by the bank&rsquo;s brand ambassadors, Madan Krishna Shrestha and Hari Bansha Acharya (MAHA duo) amidst a ceremony.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2668',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2822',
			'article_category_id' => '141',
			'title' => 'Bhandari New Chairman Of NCHL',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the NCHL Board nominated Upendra Poudyal, CEO of NMB Bank Ltd, as a director of &nbsp;the NCHL Board for the remaining term after the departure of Ratna Raj Bajracharya who was also the chairman of NCHL earlier.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The board members of NCHL currently include a representative from Nepal Rastra Bank, three representatives from commercial banks, and a representative each from development banks, finance companies and Smart Choice Technologies P Ltd.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'Rajan Singh Bhandari, chief executive officer (CEO) of Citizen Bank International, has been appointed the chairman of the Nepal Clearing House Limited (NCHL) by the 81st board meeting of NCHL held on 3rd June 2015.',
			'sortorder' => '2667',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2821',
			'article_category_id' => '141',
			'title' => 'Involvement Of Experts In Reconstruction A Must: Basnyat',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that &nbsp;reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts. &nbsp;He said so while inaugurating the seminar titled &ldquo;Reconstructing Nepal: Global Perspective&rdquo; held on June 3. The seminar was jointly organised by CNI and Miyamoto Global Disaster Relief.</div>
<div>
	&nbsp;</div>
<div>
	Saying that today&rsquo;s first priority is to maintain mobility in the business and industrial sectors, Basnyat added CNI has already forwarded its suggestions to the government in order to help make policy changes to facilitate the reconstruction process.</div>
<div>
	Speaking on the occasion, earthquake expert and chief of the Miyamoto Foundation, Dr H Kit Miyamoto talked about the standard to be maintained in reconstruction of Nepal. &ldquo;It will be wise not to take any reconstruction decision in a hurry,&rdquo; said Dr Miyamoto.</div>
<div>
	&nbsp;</div>
<div>
	Sharing his experience of reconstruction work after earthquake in Haiti and New Zealand, Dr Miyamoto said that these countries were able to rebuild themselves through proper discussion among all stakeholders.</div>
<div>
	&nbsp;</div>
<div>
	CNI&rsquo;s senior vice president,xvice presidents ,senior industrialists, construction entrepreneurs and engineers were present in the programme.</div>',
			'published' => true,
			'created' => '2015-06-08',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'President of the Confederation of Nepalese Industries (CNI), Narendra Basnyat has said that  reconstruction in the post disaster situation is a challenging process which needs the experience and expertise of experts.',
			'sortorder' => '2666',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '2816',
			'article_category_id' => '141',
			'title' => 'Century Bank Shifts Its Birgunj Branch',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">Century Commercial Bank has temporarily shifted its Birgunj branch from Adarshanagar Ward No. 13 to Adarshanagar Ward No. 5 as the building housing the bank&rsquo;s office was damaged in the April 25 massive earthquake. According to the bank, the relocated branch office will provide only limited services to its customers but the bank will rent a new building soon and resume full banking services.</span></p>
<p>
	<span style="font-size:16px;">The 31<sup>st</sup> commercial bank of Nepal is operating with 31 branches, 25 ATM centers, nine branchless banking services and one extension counter across the nation.</span></p>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2665',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '2815',
			'article_category_id' => '116',
			'title' => 'CG Brand Sound Bar In Nepali Market',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:16px;">CG brand, under CG Electronics Pvt. Ltd., Nepal&rsquo;s number one Electronics brand has recently launched two sound bars in the Nepali market namely CG-SB52 and CG-SB52W.It has features includes LED display, FM Radio, USB disc, SD card, thin design etc.</span></p>',
			'published' => true,
			'created' => '2015-06-03',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2664',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '2812',
			'article_category_id' => '52',
			'title' => 'Allow Private Sector To Spend Development Budget',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money. In the first nine months of the current fiscal year, the government has been able to spend only about 26 percent of the development budget. In the previous fiscal year, such spending was about 29 per cent. Government officials are authorized to make capital expenditure right after the parliament endorses the national budget. But they don&rsquo;t move for months and wait for the final trimester to spend the development budget in a hurry. This has developed as a culture.</div>
<div>
	&nbsp;</div>
<div>
	It&rsquo;s not only the government-funded projects but also the donor-funded ones that are affected by this chronic tendency. The projects funded by the World Bank (WB), Nepal&rsquo;s largest multilateral development partner, could be taken as an example. In the first six months of the current fiscal year, spending by the WB-funded projects has been poor with disbursement standing at 5.3 per cent against a target of 13.2 per cent. According to the WB, disbursement amounted to Rs 38.06 million during the period against the targeted Rs 94.6 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The ineffectiveness of the government machinery is clearly visible here as almost all of the WB&rsquo;s funding is channelled through the government system. There have been talks about enhancing the government&rsquo;s spending capacity but they are limited to just that &ndash; talks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The unspent amount has soared as this year&rsquo;s budget also has a carry-over of Rs 15 billion from last year&rsquo;s unspent budget. It shows that billions of rupees meant for development works have been remaining unspent. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	For years, we have been fatigued by this bizarre development practice. We have a measurable trend of low expenditure every year for various reasons. Since fiscal year 2011/12, capital expenditure has not crossed 30 percent of the allocated amount during the three trimesters. The delay in spending the budget can lead to multiple problems in the market such as lack of liquidity, no job creation and slow development work. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If a major chunk of the budget continues to pile up, there is persistent risk of spending the budget unaccountably at the end of the fiscal year. This has been happening for the last several years. Every year, newspapers are replete with stories of hasty and hurried expenditure of development funds when only a few months are left prior to the end of the fiscal year. The expenditure of development funds expedites a few months before the expiry of the fiscal year. This puts people&#39;s concerns about quality development into question. &nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Laws and guidelines clearly stipulate that development expenditures have to be made within a set deadline, and accountability and transparency must be maintained in the process. But brushing aside such legal and procedural mandates, expenditures are being made in such a way as to produce miserable development output against hefty expenditure. It has become a common sight in and around the cities, towns and villages that construction of new tracks and blacktopping of roads unusually pick up momentum during June and July each year. Nepal&rsquo;s fiscal year ends at mid-July. One can imagine the quality of construction and development works when a major chunk of the national budget is spent in a few months before the expiry of the fiscal year. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Procedural delays in approving the project and awarding the contract, a tendency among contractors not to work after receiving the mobilisation fund in advance, frequent transfer of technical and top level staffers at the project and fear of the anti-graft body are some of the reasons for the low spending of the capital expenditure. Whatever the reason might be, the fact is the government hasn&rsquo;t been able to spend the development budget year after year. Therefore the responsibility of spending the development budget should be given to the private sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If we adopt such practice, the private sector, which is far more efficient and capable than the public sector, can take the leadership of our development projects. The government, on its part can create a mechanism to periodically monitor the progress of such projects.</div>',
			'published' => true,
			'created' => '2015-06-01',
			'modified' => '2015-06-08',
			'keywords' => '',
			'description' => 'The spending capacity of the Government of Nepal is quite poor, to say the least. The government has been routinely allocating capital expenditure, also known as the development budget, every year. But it has routinely failed to spend the money.',
			'sortorder' => '2663',
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)
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_render() - CORE/Cake/View/View.php, line 933
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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file not found!

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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00