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		'Article' => array(
			'id' => '2427',
			'article_category_id' => '151',
			'title' => 'Studying MBA At Premium Education Institution Of The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<div>
	Master&rsquo;s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector. Tribhuvan University School of Management&rsquo;s (SOMTU) MBA programme is considered to be one of the best courses available in Nepal. The institution claims of having best teaching standards and industry-focused curriculum that produces capable and efficient professionals.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU School of Management (SOMTU)&nbsp;</strong></span></div>
<div>
	SOM TU envisages implementing the MBA programme professionally and promises to have academically qualified faculty members that have professional exposure and experience, among others. The Working Procedure Regulations 2066 BS governs the institute&rsquo;s working procedures while providing it a full autonomous status. The SOM Governing Board is the apex body that is authorized to determine all academic, administrative, and financial policy of this school.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SOM MBA Programme</strong></span></div>
<div>
	SOM&rsquo;s MBA programme is a full time course that focuses on developing managerial and entrepreneurial capabilities of students through curricular and co-curricular activities. It specifically aims to prepare professional managers for business and non-business sectors. Along with that, the course aims to develop entrepreneurs that will be capable of evaluating risks and taking on challenges in emerging global business environment. Every SOM MBA grad will have the knowledge, skill, and attitude necessary for developing scientific approach towards business, being result oriented, and being socially responsive management professionals.</div>
<div>
	&nbsp;</div>
<div>
	The programme has 60 credit hours with components that involve course work, seminars, practicum, experiential learning, and graduate research project.The total duration of the programme is 2 years and is spread over four semesters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Student Intake</strong></span></div>
<div>
	Madhav Raj Koirala, Director of the SOM, says, not all aspiring students manage to get into the SOM MBA programme, though they receive overwhelming number of applications in every admission session.</div>
<div>
	Student intake for the MBA programme takes place twice a year. The spring intake begins from the month of January for the February &ndash; June semester, while the fall intake begins from July for the August &ndash; December semester.SOM takes a total of 35 students of which 5 seats are reserved for corporate sponsorships and foreign students. Corporate and foreign students must secure a minimum of 60 percent in the written entrance test (SOMAT) for contending in this quota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eligibility</strong></span></div>
<div>
	The applicant to the MBA programme must have a minimum of 15 years&rsquo; formal education (12 years of schooling plus three years of graduation). And with that, s/he must have secured a minimum CGPA of 2.0 or 45 percent in Bachelor&rsquo;s level.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<p>
		&nbsp;</p>
</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Madhav Raj Koirala, Director, School of Management" src="/userfiles/images/lc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 222px;" />Madhav Raj Koirala</strong></span></div>
<div>
	<strong>Director, School of Management</strong></div>
<div>
	&nbsp;</div>
<div>
	The SOM MBA curriculum has a local focus with a global perspective. Comparatively, TU&rsquo;s MBA curriculum is not much different from others. The difference is the means and mode of delivering the course. Teaching faculties, teaching techniques, field exposures are the things that can differentiate TU&rsquo;s MBA from others. The SOMTU has a host of experienced and seasoned faculty members that includes professors and associate professors with doctorate degrees, long experience in teaching, research and consulting, along with other professionals that have tremendous experience in their respective field.</div>
<div>
	&nbsp;</div>
<div>
	We provide two special courses to our students: Practicum Course and Seminar Course. These courses aim to provide specific skills and knowledge to the students that other general MBA courses do not provide.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Our students have greater exposure to industry where they inculcate essential skills to tackle real time issues. This exposure is coupled with research, seminars and experiential learning. These components enable them to be leaders in their professions.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Master’s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector.',
			'sortorder' => '2269',
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	(int) 1 => array(
		'Article' => array(
			'id' => '2411',
			'article_category_id' => '137',
			'title' => 'India Alludes To More Liberal FDI Regime In Coming Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India&#39;s Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;&quot;The government will continue its endeavour for liberalising the FDI policy further in the coming weeks to ensure that India retains its leadership position for attracting foreign investments,&quot; Sharma said in a statement.</div>
<div>
	&nbsp;</div>
<div>
	The commerce ministry is working towards allowing FDI in railways and e-commerce. Last year, the government had relaxed FDI norms in sectors including telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.</div>
<div>
	&nbsp;</div>
<div>
	Over a year after India eased FDI norms for multi-brand retail, the first investment proposal came through two weeks ago when British retailer Tesco sought entry into the country&#39;s $500 billion retail sector in partnership with Tata&#39;s Trent. The Foreign Investment Promotion Board cleared Tesco&#39;s $110-million investment plan on December 30. Sharma had indicated last week that there would be more multi-brand retail proposals before the end of the current financial year. &quot;The decisions of the government have resonated with the global community and we have seen results in the last few months,&quot; the minister said, adding that India was rated as the most-favoured investment destination destination globally in 2013.</div>
<div>
	&nbsp;</div>
<div>
	The ministry is now working to relax FDI norms in railways and construction activities. FDI in the April-October period stood at $12.6 billion, down 15% from a year ago. Sharma said the coming months would see a greater push for development of industrial corridors and work would begin for establishing newcities along the Delhi-Mumbai Industrial Corridor (DMIC). The $90-billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is providing financial and technical aid for the project, which will cover seven states totaling 1,483 km.</div>
<div>
	&nbsp;</div>
<div>
	&quot;I expect that with greater foreign investment and technology collaborations, Indian manufacturing will alsomove up the value chain and acquire greater competitiveness globally,&quot; Sharma said. The minister said the country had done reasonably well in exports in the first eight months of the fiscal despite weak demand in traditional markets. &quot;I am sure that in the remaining period of this financial year, exports will show a strong and dynamic growth,&quot;Sharmasaid.</div>
<div>
	&nbsp;</div>
<div>
	In April-November 2013, exports grew by 6.27% to $ 204 billion while imports aggregated $304 billion.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'India's Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.',
			'sortorder' => '2268',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '2425',
			'article_category_id' => '109',
			'title' => 'MAHA Re-Alliance With Sanima',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya &nbsp;have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. &quot;MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years,&quot; informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank&#39;s Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya  have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.',
			'sortorder' => '2267',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '2424',
			'article_category_id' => '109',
			'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting &ldquo;Customer-Top Management Meet&rdquo; programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. &quot;In this process, the top management is trying to resolve the queries &amp; grievances of the customer on-the-spot,&quot; read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;This ongoing programme has been very helpful to indentify &amp; resolve the problems. As per the Bank, this programme has helped us to bring customers &amp; the top management on the same floor where problems are resolved immediately,&quot; says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will&nbsp;</div>
<div>
	be continued throughout all the branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the bank also informed that it is observing &ldquo;Customer Service Fortnight&rdquo; with an objective to create awareness among staff members about increased importance of the customer service.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.',
			'sortorder' => '2266',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '2423',
			'article_category_id' => '110',
			'title' => 'Top Ten Losers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '2265',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2422',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Gainers',
			'sortorder' => '2264',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2421',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (30 December 2013 - 5 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US Dollar Exchange Rate At Local Market',
			'sortorder' => '2263',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '2420',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (30 December 2013 - 6 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '2262',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '2417',
			'article_category_id' => '144',
			'title' => 'All Play, No Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal has too many festival holidays. This is reflected well in the country&rsquo;s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After the success of the 2006 April Movement, known as Jana Aandolan II, many of the birthday-cum-holidays of the monarchs of old were scrapped only to be replaced with the likes of Lokatantra Diwas and Ganatantra Diwas. In addition, the newly declared secular state was under immense pressure from various religious and ethnic groups to declare their festivals as public holidays. So, the state declared those days as public holidays as demanded to, perhaps, prove its multicultural and multi-ethnic credentials.</div>
<div>
	&nbsp;</div>
<div>
	But that has not satisfied everyone, though Nepal celebrates an average of one public holiday a week. There are still several ethnic minorities who are demanding that the government declare their festivals, too, as national holidays. Imagine all the days that could now be declared holidays if the country was to acknowledge the myriad minorities that are today asserting their rights and identities, on and off the official calendar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If festivals of all communities are declared as public holidays, most public as well as private offices would be closed for almost the entire year! We certainly don&rsquo;t want such a situation to emerge. In fact, the Administration Restructuring Commission (ARC) formed in 2009 has already advised the government to reduce the number of public holidays drastically. Established by then Maoist-led government under the chairmanship of the Minister for General Administration, the ARC claimed that the civil service would become more effective if its recommendation was implemented.</div>
<div>
	&nbsp;</div>
<div>
	Presently, Hindus get more festival holidays than other religious groups who don&rsquo;t mind it because they too get holidays on such days. A non-Hindu would perhaps like to work on the public holidays meant for the Hindus. Similarly, a Hindu would like to work on the festival holidays meant for other religious groups. The government should allow them to do so. For example, if a Buddhist or a Christian or a Muslim wants to work on Shivaratri or Janai Purnima and take a day off on some other important festivals of theirs, they should be allowed to do so. This would be judicious, too.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, the government will do well to fix the number of festival holidays for the entire year and leave it to the employees to decide when they want to take their festival holidays according to their needs, interest and culture. This way, every employee will not want to take a day off on all festivals and offices will be open every day except the weekly day off on Saturday and the national holidays. The number of national holidays, too, should be as minimum as possible.</div>
<div>
	&nbsp;</div>
<div>
	In India, there are only three national holidays. Other holidays are decided by the state governments. Similarly, there are only 11 festival holidays in China. Nepal should learn from such examples in its immediate neighbourhood. Therefore, long festival holidays of Dashain and Tihar should be cut down. Similarly, it&rsquo;s not appropriate to declare public holidays for all on festivals like Shivaratri, Janaipurnima, Eid, birth anniversary of Guru Nanak, Ubhauli, Udhauli, Gaura Parba, Lhoshar, Maghi etc. Once the number of festival holidays is fixed for the entire year, the government employees and industry workers can take their festival holidays according to their choice.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal has too many festival holidays. This is reflected well in the country’s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days.',
			'sortorder' => '2261',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2418',
			'article_category_id' => '86',
			'title' => 'Nepali Invention @ CAN Infotech',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At his company&rsquo;s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Dear visitors, we have developed a new software which we can call truly Nepali as it behaves like a typical Nepali.&rsquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;In what way?&rsquo; ask the visitors.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Whenever it makes a mistake,&rsquo; replied the engineer, &lsquo;it blames other software or the computer. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At his company’s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.',
			'sortorder' => '2260',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '2414',
			'article_category_id' => '140',
			'title' => '‘Prez Should Call First CA Meeting’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;The Then Prime Minister Girija Prasad Koirala had called the CA meeting in 2008 as he was holding the powers of both ceremonial Head of State and executive Prime Minister after suspension of the monarchy,&quot; Koirala said, &quot;we don&rsquo;t have such situation now.&quot; He added that the dispute will be resolved soon after calling a meeting of the High Level Political Committee.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, speaking at a separate programme in Birgunj, CPN (UML) senior leader and former prime minister Madhav Kumar Nepal, too, said that the first meeting of the new CA has to be called by the President.&nbsp;</div>
<div>
	Similarly, speaking at a separate interaction program in Kathmandu, legal professionals and advocates have stressed that the matter should be resolved through mutual consent of the President and the Council of Ministers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;It would be better if the Council of Ministers recommended the President to call such a meeting and the Presidents acted accordingly,&quot; said Bishwokant Mainali, a former chief of Nepal Bar Association. &quot;There should be coordination among the two institutions (Council of Ministers and President&#39;s Office),&quot; said constitutional expert Bhimarjun Acharya.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.',
			'sortorder' => '2259',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2416',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief (6 - 12 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>&lsquo;UML To Join Govt If Given Respectful Berths&rsquo;&nbsp;</strong></span></div>
<div>
	Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given &lsquo;respectful&rsquo; berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. &ldquo;A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),&rdquo; Nepal said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>28 Parties Submit PR List</strong></span></div>
<div>
	Twenty-eight political parties including the Nepali Congress (NC) and the UCPN (Maoist) submitted their final lists of PR candidates for the CA to the Election Commission (EC) on December 30, the last day of the third extended deadline to do so. NC submitted a list of 91 PR members for the CA while the UCPN (Maoist) submitted a list of 56 CA members. However, the political parties submitted the lists amid serious dissatisfaction and disputes among their senior leaders over the allotment of the PR seats. Fifteen central committee members of the NC have written a note of dissent about the party&rsquo;s list. Similarly, UCPN (M) leaders Baburam Bhattarai and Narayan Kaji Shrestha boycotted the party&rsquo;s central committee meeting held at Chairman Pushpa Kamal Dahal&rsquo;s residence in Lazimpat, expressing serious reservation over the allotment of the PR seats. Meanwhile, Federal Socialist Party-Nepal, which won five seats under the PR category, and Madhesi Janaadhikar Forum-Nepal, which won eight, did not submit their final lists of PR candidates though the third deadline to do so expired.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SC Quizzes Govt over CA Session Writ&nbsp;</strong></span></div>
<div>
	The Supreme Court on December 31 asked the government to explain why the President cannot call the first meeting of the Constituent Assembly (CA). Responding to a writ petition filed by advocate Biswas Acharya, a single bench of Justice Tarka Raj Bhatta also asked both petitioner and defendants to appear before the court to discuss whether a stay order is required as demanded by the petitioner in the writ. The Prime Minister&rsquo;s Office, Council of Ministers and Minister for Information and Communication, Madhav Poudel, have been made the defendants in the writ. Advocate Acharya had moved the apex court on December 27, last year, demanding an order that the President call the first meeting of the CA. He maintains that it is an international practice that the head of state calls meeting of the CA and session of Parliament.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-N Saved From Split</strong></span></div>
<div>
	The disgruntled leaders of the Rastriya Prajatantra Party-Nepal (RPP-N), who had announced to split from the party on December 30, have rejoined the mother party. They have also admitted that trying to split the party was a great mistake. Speaking at a programme organised in the capital on January 2, senior leader Tanka Dhakal, who leads the disgruntled faction, admitted that the attempt by him and other irate leaders to register a new party after rebelling from RPP-N was the &ldquo;gravest mistake&rdquo; of his political career. Earlier, 20 out of the 45 Central Committee (CC) members of the party had decided to part ways and form a new party after RPP-Nepal party Chairman Kamal Thapa turned down their demand to review the list of the CA members under the PR category. Though RPP-Nepal couldn&rsquo;t win even a single seat under the FPTP system, it got 24 seats under the PR system.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given ‘respectful’ berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. “A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),” Nepal said.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2415',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>Govt Buying Apartments</strong></div>
<div>
	The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public&rsquo;s confidence in the housing business as well as fulfill the government&rsquo;s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Nepal Drug Ltd to be Revived</strong></div>
<div>
	The government has started discussions to resume the operations of Nepal Drug Ltd (NDL), a public enterprise closed down three years ago. At the discussion programme held at the Ministry of Finance, Minister for Finance, Industry, and Commerce and Supplies, Shanker Koirala said that the government was thinking to revive the NDL to save the history of Nepal&rsquo;s first drug manufacturing company and to provide medicines at cheaper raters to the general public.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Production License to Hydel Projects</strong></div>
<div>
	The Ministry of Energy has issued production license to two hydropower projects &ndash; 6.8MW Rudikhola A hydroelectricity Project and the 4MW Ghalemdi Khola Hydroelectricity Project. Senior Divisional Engineer at the Department of Electricity Development (DoED), Gokarna Raj Pantha said, &ldquo;Both these projects have committed to start producing power within three years.&rdquo; The construction cost of Rudikhola A which is being devepoed by Bindhyabasini Hydropower Development Company, is Rs 1.15 billion. Similarly, the Ghalemdi Khola hydel project is being developed by CMAT Power Development Company. Nepal Electricity Authority has already signed power purchase Agreement (PPA) with both the projects.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Taskforce for Making Nepal Free Wi-Fi Zone</strong></div>
<div>
	As per a concept developed by the Ministry of Information and Communications, the government has formed a taskforce to study the possibilities of declaring entire Nepal a Free WiFi Zone. Anandaraj Khanal, officiating chief of Nepal Telecommunications Authority (NTA) has been appointed the member secretary of the taskforce. Similarly, the taskforce has Mahesh Prasad Adhikari, a board member of NTA as the coordinator. Other members of the committee include technical Under-Secretaries at the Office of Prime Minister and Council of Ministers, the National Planning Commission, the Ministry of Science and Technology, the Ministry of Information and Communications, and expert at Tribhuvan University. The taskforce has been asked to submit its report with suggestions and recommendations within 30 days of it starting work.</div>
<div>
	&nbsp;</div>
<div>
	<strong>NOC Demands Rs 2 bn Grant</strong></div>
<div>
	Ailing Nepal Oil Corporation (NOC) is preparing to seek a grant of nearly Rs 2 billion from the government to meet its monthly loss of Rs 1.85 billion. &ldquo;As we are not in position to hike prices, a grant from the government is the only way to meet our monthly loss which has climbed to Rs 1.85 billion,&rdquo; said NOC spokesperson Mukunda Ghimire, adding that the Corporation is incurring a huge loss in the import of LPG.</div>',
			'published' => true,
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			'modified' => '2014-01-06',
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			'description' => 'The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public’s confidence in the housing business as well as fulfill the government’s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2413',
			'article_category_id' => '140',
			'title' => '36 Entrepreneurs, Firms To Be Recognized With CIP Honour',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January. According to TEPC Executive Director Ishwari Prasad Ghimire, a minister level decision will be taken at the earliest possible to honour the industrialists and entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	According to the Guidelines for the CIP honour, entrepreneurs and companies with controversial background will not be awarded with the honour. It is because of this provision that the list of the entrepreneurs and firms to be hounoured was pending at the In-land Revenue Department (IRD|) for a long time for investigation. &ldquo;That&rsquo;s why it took a long time to finalise the list,&rdquo; a source said. Now the IRD has given its go-ahead, it is learnt. There are eight categories of the entrepreneurs and companies to be awarded the CIP honour - 13 Nepali exporters, nine foreign importers of Nepali goods, eight business chambers and commodities associations, two from the tourism sector, one highest taxpayer, one highest employment creator, one highest investor in manufacturing sector, and one from the remittance sector. Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on-arrival visas of 15 to 90 days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the provisions of the guidelines, the government will not award CIP to any person or business blacklisted by any government authority; blacklisted by Credit Information Bureau as a defaulter of any bank or financial institution; of bad moral and convicted by the court; convicted of corruption and financial irregularities and tax defaulter till the previous year.&nbsp;</div>',
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			'description' => 'The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January.',
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	(int) 14 => array(
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			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
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			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
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		'Article' => array(
			'id' => '2427',
			'article_category_id' => '151',
			'title' => 'Studying MBA At Premium Education Institution Of The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<div>
	Master&rsquo;s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector. Tribhuvan University School of Management&rsquo;s (SOMTU) MBA programme is considered to be one of the best courses available in Nepal. The institution claims of having best teaching standards and industry-focused curriculum that produces capable and efficient professionals.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU School of Management (SOMTU)&nbsp;</strong></span></div>
<div>
	SOM TU envisages implementing the MBA programme professionally and promises to have academically qualified faculty members that have professional exposure and experience, among others. The Working Procedure Regulations 2066 BS governs the institute&rsquo;s working procedures while providing it a full autonomous status. The SOM Governing Board is the apex body that is authorized to determine all academic, administrative, and financial policy of this school.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SOM MBA Programme</strong></span></div>
<div>
	SOM&rsquo;s MBA programme is a full time course that focuses on developing managerial and entrepreneurial capabilities of students through curricular and co-curricular activities. It specifically aims to prepare professional managers for business and non-business sectors. Along with that, the course aims to develop entrepreneurs that will be capable of evaluating risks and taking on challenges in emerging global business environment. Every SOM MBA grad will have the knowledge, skill, and attitude necessary for developing scientific approach towards business, being result oriented, and being socially responsive management professionals.</div>
<div>
	&nbsp;</div>
<div>
	The programme has 60 credit hours with components that involve course work, seminars, practicum, experiential learning, and graduate research project.The total duration of the programme is 2 years and is spread over four semesters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Student Intake</strong></span></div>
<div>
	Madhav Raj Koirala, Director of the SOM, says, not all aspiring students manage to get into the SOM MBA programme, though they receive overwhelming number of applications in every admission session.</div>
<div>
	Student intake for the MBA programme takes place twice a year. The spring intake begins from the month of January for the February &ndash; June semester, while the fall intake begins from July for the August &ndash; December semester.SOM takes a total of 35 students of which 5 seats are reserved for corporate sponsorships and foreign students. Corporate and foreign students must secure a minimum of 60 percent in the written entrance test (SOMAT) for contending in this quota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eligibility</strong></span></div>
<div>
	The applicant to the MBA programme must have a minimum of 15 years&rsquo; formal education (12 years of schooling plus three years of graduation). And with that, s/he must have secured a minimum CGPA of 2.0 or 45 percent in Bachelor&rsquo;s level.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<p>
		&nbsp;</p>
</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Madhav Raj Koirala, Director, School of Management" src="/userfiles/images/lc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 222px;" />Madhav Raj Koirala</strong></span></div>
<div>
	<strong>Director, School of Management</strong></div>
<div>
	&nbsp;</div>
<div>
	The SOM MBA curriculum has a local focus with a global perspective. Comparatively, TU&rsquo;s MBA curriculum is not much different from others. The difference is the means and mode of delivering the course. Teaching faculties, teaching techniques, field exposures are the things that can differentiate TU&rsquo;s MBA from others. The SOMTU has a host of experienced and seasoned faculty members that includes professors and associate professors with doctorate degrees, long experience in teaching, research and consulting, along with other professionals that have tremendous experience in their respective field.</div>
<div>
	&nbsp;</div>
<div>
	We provide two special courses to our students: Practicum Course and Seminar Course. These courses aim to provide specific skills and knowledge to the students that other general MBA courses do not provide.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Our students have greater exposure to industry where they inculcate essential skills to tackle real time issues. This exposure is coupled with research, seminars and experiential learning. These components enable them to be leaders in their professions.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Master’s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector.',
			'sortorder' => '2269',
			'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) 1 => array(
		'Article' => array(
			'id' => '2411',
			'article_category_id' => '137',
			'title' => 'India Alludes To More Liberal FDI Regime In Coming Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India&#39;s Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;&quot;The government will continue its endeavour for liberalising the FDI policy further in the coming weeks to ensure that India retains its leadership position for attracting foreign investments,&quot; Sharma said in a statement.</div>
<div>
	&nbsp;</div>
<div>
	The commerce ministry is working towards allowing FDI in railways and e-commerce. Last year, the government had relaxed FDI norms in sectors including telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.</div>
<div>
	&nbsp;</div>
<div>
	Over a year after India eased FDI norms for multi-brand retail, the first investment proposal came through two weeks ago when British retailer Tesco sought entry into the country&#39;s $500 billion retail sector in partnership with Tata&#39;s Trent. The Foreign Investment Promotion Board cleared Tesco&#39;s $110-million investment plan on December 30. Sharma had indicated last week that there would be more multi-brand retail proposals before the end of the current financial year. &quot;The decisions of the government have resonated with the global community and we have seen results in the last few months,&quot; the minister said, adding that India was rated as the most-favoured investment destination destination globally in 2013.</div>
<div>
	&nbsp;</div>
<div>
	The ministry is now working to relax FDI norms in railways and construction activities. FDI in the April-October period stood at $12.6 billion, down 15% from a year ago. Sharma said the coming months would see a greater push for development of industrial corridors and work would begin for establishing newcities along the Delhi-Mumbai Industrial Corridor (DMIC). The $90-billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is providing financial and technical aid for the project, which will cover seven states totaling 1,483 km.</div>
<div>
	&nbsp;</div>
<div>
	&quot;I expect that with greater foreign investment and technology collaborations, Indian manufacturing will alsomove up the value chain and acquire greater competitiveness globally,&quot; Sharma said. The minister said the country had done reasonably well in exports in the first eight months of the fiscal despite weak demand in traditional markets. &quot;I am sure that in the remaining period of this financial year, exports will show a strong and dynamic growth,&quot;Sharmasaid.</div>
<div>
	&nbsp;</div>
<div>
	In April-November 2013, exports grew by 6.27% to $ 204 billion while imports aggregated $304 billion.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'India's Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.',
			'sortorder' => '2268',
			'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) 2 => array(
		'Article' => array(
			'id' => '2425',
			'article_category_id' => '109',
			'title' => 'MAHA Re-Alliance With Sanima',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya &nbsp;have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. &quot;MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years,&quot; informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank&#39;s Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya  have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.',
			'sortorder' => '2267',
			'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) 3 => array(
		'Article' => array(
			'id' => '2424',
			'article_category_id' => '109',
			'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting &ldquo;Customer-Top Management Meet&rdquo; programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. &quot;In this process, the top management is trying to resolve the queries &amp; grievances of the customer on-the-spot,&quot; read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;This ongoing programme has been very helpful to indentify &amp; resolve the problems. As per the Bank, this programme has helped us to bring customers &amp; the top management on the same floor where problems are resolved immediately,&quot; says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will&nbsp;</div>
<div>
	be continued throughout all the branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the bank also informed that it is observing &ldquo;Customer Service Fortnight&rdquo; with an objective to create awareness among staff members about increased importance of the customer service.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.',
			'sortorder' => '2266',
			'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) 4 => array(
		'Article' => array(
			'id' => '2423',
			'article_category_id' => '110',
			'title' => 'Top Ten Losers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '2265',
			'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) 5 => array(
		'Article' => array(
			'id' => '2422',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Gainers',
			'sortorder' => '2264',
			'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) 6 => array(
		'Article' => array(
			'id' => '2421',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (30 December 2013 - 5 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US Dollar Exchange Rate At Local Market',
			'sortorder' => '2263',
			'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) 7 => array(
		'Article' => array(
			'id' => '2420',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (30 December 2013 - 6 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '2262',
			'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) 8 => array(
		'Article' => array(
			'id' => '2417',
			'article_category_id' => '144',
			'title' => 'All Play, No Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal has too many festival holidays. This is reflected well in the country&rsquo;s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After the success of the 2006 April Movement, known as Jana Aandolan II, many of the birthday-cum-holidays of the monarchs of old were scrapped only to be replaced with the likes of Lokatantra Diwas and Ganatantra Diwas. In addition, the newly declared secular state was under immense pressure from various religious and ethnic groups to declare their festivals as public holidays. So, the state declared those days as public holidays as demanded to, perhaps, prove its multicultural and multi-ethnic credentials.</div>
<div>
	&nbsp;</div>
<div>
	But that has not satisfied everyone, though Nepal celebrates an average of one public holiday a week. There are still several ethnic minorities who are demanding that the government declare their festivals, too, as national holidays. Imagine all the days that could now be declared holidays if the country was to acknowledge the myriad minorities that are today asserting their rights and identities, on and off the official calendar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If festivals of all communities are declared as public holidays, most public as well as private offices would be closed for almost the entire year! We certainly don&rsquo;t want such a situation to emerge. In fact, the Administration Restructuring Commission (ARC) formed in 2009 has already advised the government to reduce the number of public holidays drastically. Established by then Maoist-led government under the chairmanship of the Minister for General Administration, the ARC claimed that the civil service would become more effective if its recommendation was implemented.</div>
<div>
	&nbsp;</div>
<div>
	Presently, Hindus get more festival holidays than other religious groups who don&rsquo;t mind it because they too get holidays on such days. A non-Hindu would perhaps like to work on the public holidays meant for the Hindus. Similarly, a Hindu would like to work on the festival holidays meant for other religious groups. The government should allow them to do so. For example, if a Buddhist or a Christian or a Muslim wants to work on Shivaratri or Janai Purnima and take a day off on some other important festivals of theirs, they should be allowed to do so. This would be judicious, too.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, the government will do well to fix the number of festival holidays for the entire year and leave it to the employees to decide when they want to take their festival holidays according to their needs, interest and culture. This way, every employee will not want to take a day off on all festivals and offices will be open every day except the weekly day off on Saturday and the national holidays. The number of national holidays, too, should be as minimum as possible.</div>
<div>
	&nbsp;</div>
<div>
	In India, there are only three national holidays. Other holidays are decided by the state governments. Similarly, there are only 11 festival holidays in China. Nepal should learn from such examples in its immediate neighbourhood. Therefore, long festival holidays of Dashain and Tihar should be cut down. Similarly, it&rsquo;s not appropriate to declare public holidays for all on festivals like Shivaratri, Janaipurnima, Eid, birth anniversary of Guru Nanak, Ubhauli, Udhauli, Gaura Parba, Lhoshar, Maghi etc. Once the number of festival holidays is fixed for the entire year, the government employees and industry workers can take their festival holidays according to their choice.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal has too many festival holidays. This is reflected well in the country’s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days.',
			'sortorder' => '2261',
			'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' => '2418',
			'article_category_id' => '86',
			'title' => 'Nepali Invention @ CAN Infotech',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At his company&rsquo;s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Dear visitors, we have developed a new software which we can call truly Nepali as it behaves like a typical Nepali.&rsquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;In what way?&rsquo; ask the visitors.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Whenever it makes a mistake,&rsquo; replied the engineer, &lsquo;it blames other software or the computer. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At his company’s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.',
			'sortorder' => '2260',
			'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' => '2414',
			'article_category_id' => '140',
			'title' => '‘Prez Should Call First CA Meeting’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;The Then Prime Minister Girija Prasad Koirala had called the CA meeting in 2008 as he was holding the powers of both ceremonial Head of State and executive Prime Minister after suspension of the monarchy,&quot; Koirala said, &quot;we don&rsquo;t have such situation now.&quot; He added that the dispute will be resolved soon after calling a meeting of the High Level Political Committee.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, speaking at a separate programme in Birgunj, CPN (UML) senior leader and former prime minister Madhav Kumar Nepal, too, said that the first meeting of the new CA has to be called by the President.&nbsp;</div>
<div>
	Similarly, speaking at a separate interaction program in Kathmandu, legal professionals and advocates have stressed that the matter should be resolved through mutual consent of the President and the Council of Ministers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;It would be better if the Council of Ministers recommended the President to call such a meeting and the Presidents acted accordingly,&quot; said Bishwokant Mainali, a former chief of Nepal Bar Association. &quot;There should be coordination among the two institutions (Council of Ministers and President&#39;s Office),&quot; said constitutional expert Bhimarjun Acharya.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.',
			'sortorder' => '2259',
			'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' => '2416',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief (6 - 12 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>&lsquo;UML To Join Govt If Given Respectful Berths&rsquo;&nbsp;</strong></span></div>
<div>
	Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given &lsquo;respectful&rsquo; berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. &ldquo;A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),&rdquo; Nepal said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>28 Parties Submit PR List</strong></span></div>
<div>
	Twenty-eight political parties including the Nepali Congress (NC) and the UCPN (Maoist) submitted their final lists of PR candidates for the CA to the Election Commission (EC) on December 30, the last day of the third extended deadline to do so. NC submitted a list of 91 PR members for the CA while the UCPN (Maoist) submitted a list of 56 CA members. However, the political parties submitted the lists amid serious dissatisfaction and disputes among their senior leaders over the allotment of the PR seats. Fifteen central committee members of the NC have written a note of dissent about the party&rsquo;s list. Similarly, UCPN (M) leaders Baburam Bhattarai and Narayan Kaji Shrestha boycotted the party&rsquo;s central committee meeting held at Chairman Pushpa Kamal Dahal&rsquo;s residence in Lazimpat, expressing serious reservation over the allotment of the PR seats. Meanwhile, Federal Socialist Party-Nepal, which won five seats under the PR category, and Madhesi Janaadhikar Forum-Nepal, which won eight, did not submit their final lists of PR candidates though the third deadline to do so expired.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SC Quizzes Govt over CA Session Writ&nbsp;</strong></span></div>
<div>
	The Supreme Court on December 31 asked the government to explain why the President cannot call the first meeting of the Constituent Assembly (CA). Responding to a writ petition filed by advocate Biswas Acharya, a single bench of Justice Tarka Raj Bhatta also asked both petitioner and defendants to appear before the court to discuss whether a stay order is required as demanded by the petitioner in the writ. The Prime Minister&rsquo;s Office, Council of Ministers and Minister for Information and Communication, Madhav Poudel, have been made the defendants in the writ. Advocate Acharya had moved the apex court on December 27, last year, demanding an order that the President call the first meeting of the CA. He maintains that it is an international practice that the head of state calls meeting of the CA and session of Parliament.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-N Saved From Split</strong></span></div>
<div>
	The disgruntled leaders of the Rastriya Prajatantra Party-Nepal (RPP-N), who had announced to split from the party on December 30, have rejoined the mother party. They have also admitted that trying to split the party was a great mistake. Speaking at a programme organised in the capital on January 2, senior leader Tanka Dhakal, who leads the disgruntled faction, admitted that the attempt by him and other irate leaders to register a new party after rebelling from RPP-N was the &ldquo;gravest mistake&rdquo; of his political career. Earlier, 20 out of the 45 Central Committee (CC) members of the party had decided to part ways and form a new party after RPP-Nepal party Chairman Kamal Thapa turned down their demand to review the list of the CA members under the PR category. Though RPP-Nepal couldn&rsquo;t win even a single seat under the FPTP system, it got 24 seats under the PR system.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-06',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given ‘respectful’ berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. “A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),” Nepal said.',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2415',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>Govt Buying Apartments</strong></div>
<div>
	The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public&rsquo;s confidence in the housing business as well as fulfill the government&rsquo;s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Nepal Drug Ltd to be Revived</strong></div>
<div>
	The government has started discussions to resume the operations of Nepal Drug Ltd (NDL), a public enterprise closed down three years ago. At the discussion programme held at the Ministry of Finance, Minister for Finance, Industry, and Commerce and Supplies, Shanker Koirala said that the government was thinking to revive the NDL to save the history of Nepal&rsquo;s first drug manufacturing company and to provide medicines at cheaper raters to the general public.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Production License to Hydel Projects</strong></div>
<div>
	The Ministry of Energy has issued production license to two hydropower projects &ndash; 6.8MW Rudikhola A hydroelectricity Project and the 4MW Ghalemdi Khola Hydroelectricity Project. Senior Divisional Engineer at the Department of Electricity Development (DoED), Gokarna Raj Pantha said, &ldquo;Both these projects have committed to start producing power within three years.&rdquo; The construction cost of Rudikhola A which is being devepoed by Bindhyabasini Hydropower Development Company, is Rs 1.15 billion. Similarly, the Ghalemdi Khola hydel project is being developed by CMAT Power Development Company. Nepal Electricity Authority has already signed power purchase Agreement (PPA) with both the projects.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Taskforce for Making Nepal Free Wi-Fi Zone</strong></div>
<div>
	As per a concept developed by the Ministry of Information and Communications, the government has formed a taskforce to study the possibilities of declaring entire Nepal a Free WiFi Zone. Anandaraj Khanal, officiating chief of Nepal Telecommunications Authority (NTA) has been appointed the member secretary of the taskforce. Similarly, the taskforce has Mahesh Prasad Adhikari, a board member of NTA as the coordinator. Other members of the committee include technical Under-Secretaries at the Office of Prime Minister and Council of Ministers, the National Planning Commission, the Ministry of Science and Technology, the Ministry of Information and Communications, and expert at Tribhuvan University. The taskforce has been asked to submit its report with suggestions and recommendations within 30 days of it starting work.</div>
<div>
	&nbsp;</div>
<div>
	<strong>NOC Demands Rs 2 bn Grant</strong></div>
<div>
	Ailing Nepal Oil Corporation (NOC) is preparing to seek a grant of nearly Rs 2 billion from the government to meet its monthly loss of Rs 1.85 billion. &ldquo;As we are not in position to hike prices, a grant from the government is the only way to meet our monthly loss which has climbed to Rs 1.85 billion,&rdquo; said NOC spokesperson Mukunda Ghimire, adding that the Corporation is incurring a huge loss in the import of LPG.</div>',
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			'description' => 'The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public’s confidence in the housing business as well as fulfill the government’s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.',
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		'Article' => array(
			'id' => '2413',
			'article_category_id' => '140',
			'title' => '36 Entrepreneurs, Firms To Be Recognized With CIP Honour',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January. According to TEPC Executive Director Ishwari Prasad Ghimire, a minister level decision will be taken at the earliest possible to honour the industrialists and entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	According to the Guidelines for the CIP honour, entrepreneurs and companies with controversial background will not be awarded with the honour. It is because of this provision that the list of the entrepreneurs and firms to be hounoured was pending at the In-land Revenue Department (IRD|) for a long time for investigation. &ldquo;That&rsquo;s why it took a long time to finalise the list,&rdquo; a source said. Now the IRD has given its go-ahead, it is learnt. There are eight categories of the entrepreneurs and companies to be awarded the CIP honour - 13 Nepali exporters, nine foreign importers of Nepali goods, eight business chambers and commodities associations, two from the tourism sector, one highest taxpayer, one highest employment creator, one highest investor in manufacturing sector, and one from the remittance sector. Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on-arrival visas of 15 to 90 days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the provisions of the guidelines, the government will not award CIP to any person or business blacklisted by any government authority; blacklisted by Credit Information Bureau as a defaulter of any bank or financial institution; of bad moral and convicted by the court; convicted of corruption and financial irregularities and tax defaulter till the previous year.&nbsp;</div>',
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			'description' => 'The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January.',
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			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
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		'Article' => array(
			'id' => '2427',
			'article_category_id' => '151',
			'title' => 'Studying MBA At Premium Education Institution Of The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<div>
	Master&rsquo;s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector. Tribhuvan University School of Management&rsquo;s (SOMTU) MBA programme is considered to be one of the best courses available in Nepal. The institution claims of having best teaching standards and industry-focused curriculum that produces capable and efficient professionals.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU School of Management (SOMTU)&nbsp;</strong></span></div>
<div>
	SOM TU envisages implementing the MBA programme professionally and promises to have academically qualified faculty members that have professional exposure and experience, among others. The Working Procedure Regulations 2066 BS governs the institute&rsquo;s working procedures while providing it a full autonomous status. The SOM Governing Board is the apex body that is authorized to determine all academic, administrative, and financial policy of this school.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SOM MBA Programme</strong></span></div>
<div>
	SOM&rsquo;s MBA programme is a full time course that focuses on developing managerial and entrepreneurial capabilities of students through curricular and co-curricular activities. It specifically aims to prepare professional managers for business and non-business sectors. Along with that, the course aims to develop entrepreneurs that will be capable of evaluating risks and taking on challenges in emerging global business environment. Every SOM MBA grad will have the knowledge, skill, and attitude necessary for developing scientific approach towards business, being result oriented, and being socially responsive management professionals.</div>
<div>
	&nbsp;</div>
<div>
	The programme has 60 credit hours with components that involve course work, seminars, practicum, experiential learning, and graduate research project.The total duration of the programme is 2 years and is spread over four semesters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Student Intake</strong></span></div>
<div>
	Madhav Raj Koirala, Director of the SOM, says, not all aspiring students manage to get into the SOM MBA programme, though they receive overwhelming number of applications in every admission session.</div>
<div>
	Student intake for the MBA programme takes place twice a year. The spring intake begins from the month of January for the February &ndash; June semester, while the fall intake begins from July for the August &ndash; December semester.SOM takes a total of 35 students of which 5 seats are reserved for corporate sponsorships and foreign students. Corporate and foreign students must secure a minimum of 60 percent in the written entrance test (SOMAT) for contending in this quota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eligibility</strong></span></div>
<div>
	The applicant to the MBA programme must have a minimum of 15 years&rsquo; formal education (12 years of schooling plus three years of graduation). And with that, s/he must have secured a minimum CGPA of 2.0 or 45 percent in Bachelor&rsquo;s level.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<p>
		&nbsp;</p>
</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Madhav Raj Koirala, Director, School of Management" src="/userfiles/images/lc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 222px;" />Madhav Raj Koirala</strong></span></div>
<div>
	<strong>Director, School of Management</strong></div>
<div>
	&nbsp;</div>
<div>
	The SOM MBA curriculum has a local focus with a global perspective. Comparatively, TU&rsquo;s MBA curriculum is not much different from others. The difference is the means and mode of delivering the course. Teaching faculties, teaching techniques, field exposures are the things that can differentiate TU&rsquo;s MBA from others. The SOMTU has a host of experienced and seasoned faculty members that includes professors and associate professors with doctorate degrees, long experience in teaching, research and consulting, along with other professionals that have tremendous experience in their respective field.</div>
<div>
	&nbsp;</div>
<div>
	We provide two special courses to our students: Practicum Course and Seminar Course. These courses aim to provide specific skills and knowledge to the students that other general MBA courses do not provide.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Our students have greater exposure to industry where they inculcate essential skills to tackle real time issues. This exposure is coupled with research, seminars and experiential learning. These components enable them to be leaders in their professions.</div>',
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			'description' => 'Master’s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector.',
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			'id' => '2411',
			'article_category_id' => '137',
			'title' => 'India Alludes To More Liberal FDI Regime In Coming Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India&#39;s Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;&quot;The government will continue its endeavour for liberalising the FDI policy further in the coming weeks to ensure that India retains its leadership position for attracting foreign investments,&quot; Sharma said in a statement.</div>
<div>
	&nbsp;</div>
<div>
	The commerce ministry is working towards allowing FDI in railways and e-commerce. Last year, the government had relaxed FDI norms in sectors including telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.</div>
<div>
	&nbsp;</div>
<div>
	Over a year after India eased FDI norms for multi-brand retail, the first investment proposal came through two weeks ago when British retailer Tesco sought entry into the country&#39;s $500 billion retail sector in partnership with Tata&#39;s Trent. The Foreign Investment Promotion Board cleared Tesco&#39;s $110-million investment plan on December 30. Sharma had indicated last week that there would be more multi-brand retail proposals before the end of the current financial year. &quot;The decisions of the government have resonated with the global community and we have seen results in the last few months,&quot; the minister said, adding that India was rated as the most-favoured investment destination destination globally in 2013.</div>
<div>
	&nbsp;</div>
<div>
	The ministry is now working to relax FDI norms in railways and construction activities. FDI in the April-October period stood at $12.6 billion, down 15% from a year ago. Sharma said the coming months would see a greater push for development of industrial corridors and work would begin for establishing newcities along the Delhi-Mumbai Industrial Corridor (DMIC). The $90-billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is providing financial and technical aid for the project, which will cover seven states totaling 1,483 km.</div>
<div>
	&nbsp;</div>
<div>
	&quot;I expect that with greater foreign investment and technology collaborations, Indian manufacturing will alsomove up the value chain and acquire greater competitiveness globally,&quot; Sharma said. The minister said the country had done reasonably well in exports in the first eight months of the fiscal despite weak demand in traditional markets. &quot;I am sure that in the remaining period of this financial year, exports will show a strong and dynamic growth,&quot;Sharmasaid.</div>
<div>
	&nbsp;</div>
<div>
	In April-November 2013, exports grew by 6.27% to $ 204 billion while imports aggregated $304 billion.</div>',
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			'description' => 'India's Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.',
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			'summary' => null,
			'content' => '<div>
	The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya &nbsp;have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. &quot;MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years,&quot; informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank&#39;s Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya  have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.',
			'sortorder' => '2267',
			'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) 3 => array(
		'Article' => array(
			'id' => '2424',
			'article_category_id' => '109',
			'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting &ldquo;Customer-Top Management Meet&rdquo; programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. &quot;In this process, the top management is trying to resolve the queries &amp; grievances of the customer on-the-spot,&quot; read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;This ongoing programme has been very helpful to indentify &amp; resolve the problems. As per the Bank, this programme has helped us to bring customers &amp; the top management on the same floor where problems are resolved immediately,&quot; says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will&nbsp;</div>
<div>
	be continued throughout all the branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the bank also informed that it is observing &ldquo;Customer Service Fortnight&rdquo; with an objective to create awareness among staff members about increased importance of the customer service.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.',
			'sortorder' => '2266',
			'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) 4 => array(
		'Article' => array(
			'id' => '2423',
			'article_category_id' => '110',
			'title' => 'Top Ten Losers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '2265',
			'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) 5 => array(
		'Article' => array(
			'id' => '2422',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Gainers',
			'sortorder' => '2264',
			'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) 6 => array(
		'Article' => array(
			'id' => '2421',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (30 December 2013 - 5 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US Dollar Exchange Rate At Local Market',
			'sortorder' => '2263',
			'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) 7 => array(
		'Article' => array(
			'id' => '2420',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (30 December 2013 - 6 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '2262',
			'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) 8 => array(
		'Article' => array(
			'id' => '2417',
			'article_category_id' => '144',
			'title' => 'All Play, No Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal has too many festival holidays. This is reflected well in the country&rsquo;s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After the success of the 2006 April Movement, known as Jana Aandolan II, many of the birthday-cum-holidays of the monarchs of old were scrapped only to be replaced with the likes of Lokatantra Diwas and Ganatantra Diwas. In addition, the newly declared secular state was under immense pressure from various religious and ethnic groups to declare their festivals as public holidays. So, the state declared those days as public holidays as demanded to, perhaps, prove its multicultural and multi-ethnic credentials.</div>
<div>
	&nbsp;</div>
<div>
	But that has not satisfied everyone, though Nepal celebrates an average of one public holiday a week. There are still several ethnic minorities who are demanding that the government declare their festivals, too, as national holidays. Imagine all the days that could now be declared holidays if the country was to acknowledge the myriad minorities that are today asserting their rights and identities, on and off the official calendar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If festivals of all communities are declared as public holidays, most public as well as private offices would be closed for almost the entire year! We certainly don&rsquo;t want such a situation to emerge. In fact, the Administration Restructuring Commission (ARC) formed in 2009 has already advised the government to reduce the number of public holidays drastically. Established by then Maoist-led government under the chairmanship of the Minister for General Administration, the ARC claimed that the civil service would become more effective if its recommendation was implemented.</div>
<div>
	&nbsp;</div>
<div>
	Presently, Hindus get more festival holidays than other religious groups who don&rsquo;t mind it because they too get holidays on such days. A non-Hindu would perhaps like to work on the public holidays meant for the Hindus. Similarly, a Hindu would like to work on the festival holidays meant for other religious groups. The government should allow them to do so. For example, if a Buddhist or a Christian or a Muslim wants to work on Shivaratri or Janai Purnima and take a day off on some other important festivals of theirs, they should be allowed to do so. This would be judicious, too.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, the government will do well to fix the number of festival holidays for the entire year and leave it to the employees to decide when they want to take their festival holidays according to their needs, interest and culture. This way, every employee will not want to take a day off on all festivals and offices will be open every day except the weekly day off on Saturday and the national holidays. The number of national holidays, too, should be as minimum as possible.</div>
<div>
	&nbsp;</div>
<div>
	In India, there are only three national holidays. Other holidays are decided by the state governments. Similarly, there are only 11 festival holidays in China. Nepal should learn from such examples in its immediate neighbourhood. Therefore, long festival holidays of Dashain and Tihar should be cut down. Similarly, it&rsquo;s not appropriate to declare public holidays for all on festivals like Shivaratri, Janaipurnima, Eid, birth anniversary of Guru Nanak, Ubhauli, Udhauli, Gaura Parba, Lhoshar, Maghi etc. Once the number of festival holidays is fixed for the entire year, the government employees and industry workers can take their festival holidays according to their choice.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal has too many festival holidays. This is reflected well in the country’s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days.',
			'sortorder' => '2261',
			'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' => '2418',
			'article_category_id' => '86',
			'title' => 'Nepali Invention @ CAN Infotech',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At his company&rsquo;s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Dear visitors, we have developed a new software which we can call truly Nepali as it behaves like a typical Nepali.&rsquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;In what way?&rsquo; ask the visitors.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Whenever it makes a mistake,&rsquo; replied the engineer, &lsquo;it blames other software or the computer. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At his company’s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.',
			'sortorder' => '2260',
			'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' => '2414',
			'article_category_id' => '140',
			'title' => '‘Prez Should Call First CA Meeting’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;The Then Prime Minister Girija Prasad Koirala had called the CA meeting in 2008 as he was holding the powers of both ceremonial Head of State and executive Prime Minister after suspension of the monarchy,&quot; Koirala said, &quot;we don&rsquo;t have such situation now.&quot; He added that the dispute will be resolved soon after calling a meeting of the High Level Political Committee.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, speaking at a separate programme in Birgunj, CPN (UML) senior leader and former prime minister Madhav Kumar Nepal, too, said that the first meeting of the new CA has to be called by the President.&nbsp;</div>
<div>
	Similarly, speaking at a separate interaction program in Kathmandu, legal professionals and advocates have stressed that the matter should be resolved through mutual consent of the President and the Council of Ministers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;It would be better if the Council of Ministers recommended the President to call such a meeting and the Presidents acted accordingly,&quot; said Bishwokant Mainali, a former chief of Nepal Bar Association. &quot;There should be coordination among the two institutions (Council of Ministers and President&#39;s Office),&quot; said constitutional expert Bhimarjun Acharya.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.',
			'sortorder' => '2259',
			'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' => '2416',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief (6 - 12 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>&lsquo;UML To Join Govt If Given Respectful Berths&rsquo;&nbsp;</strong></span></div>
<div>
	Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given &lsquo;respectful&rsquo; berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. &ldquo;A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),&rdquo; Nepal said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>28 Parties Submit PR List</strong></span></div>
<div>
	Twenty-eight political parties including the Nepali Congress (NC) and the UCPN (Maoist) submitted their final lists of PR candidates for the CA to the Election Commission (EC) on December 30, the last day of the third extended deadline to do so. NC submitted a list of 91 PR members for the CA while the UCPN (Maoist) submitted a list of 56 CA members. However, the political parties submitted the lists amid serious dissatisfaction and disputes among their senior leaders over the allotment of the PR seats. Fifteen central committee members of the NC have written a note of dissent about the party&rsquo;s list. Similarly, UCPN (M) leaders Baburam Bhattarai and Narayan Kaji Shrestha boycotted the party&rsquo;s central committee meeting held at Chairman Pushpa Kamal Dahal&rsquo;s residence in Lazimpat, expressing serious reservation over the allotment of the PR seats. Meanwhile, Federal Socialist Party-Nepal, which won five seats under the PR category, and Madhesi Janaadhikar Forum-Nepal, which won eight, did not submit their final lists of PR candidates though the third deadline to do so expired.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SC Quizzes Govt over CA Session Writ&nbsp;</strong></span></div>
<div>
	The Supreme Court on December 31 asked the government to explain why the President cannot call the first meeting of the Constituent Assembly (CA). Responding to a writ petition filed by advocate Biswas Acharya, a single bench of Justice Tarka Raj Bhatta also asked both petitioner and defendants to appear before the court to discuss whether a stay order is required as demanded by the petitioner in the writ. The Prime Minister&rsquo;s Office, Council of Ministers and Minister for Information and Communication, Madhav Poudel, have been made the defendants in the writ. Advocate Acharya had moved the apex court on December 27, last year, demanding an order that the President call the first meeting of the CA. He maintains that it is an international practice that the head of state calls meeting of the CA and session of Parliament.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-N Saved From Split</strong></span></div>
<div>
	The disgruntled leaders of the Rastriya Prajatantra Party-Nepal (RPP-N), who had announced to split from the party on December 30, have rejoined the mother party. They have also admitted that trying to split the party was a great mistake. Speaking at a programme organised in the capital on January 2, senior leader Tanka Dhakal, who leads the disgruntled faction, admitted that the attempt by him and other irate leaders to register a new party after rebelling from RPP-N was the &ldquo;gravest mistake&rdquo; of his political career. Earlier, 20 out of the 45 Central Committee (CC) members of the party had decided to part ways and form a new party after RPP-Nepal party Chairman Kamal Thapa turned down their demand to review the list of the CA members under the PR category. Though RPP-Nepal couldn&rsquo;t win even a single seat under the FPTP system, it got 24 seats under the PR system.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given ‘respectful’ berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. “A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),” Nepal said.',
			'sortorder' => '2258',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '2415',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>Govt Buying Apartments</strong></div>
<div>
	The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public&rsquo;s confidence in the housing business as well as fulfill the government&rsquo;s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Nepal Drug Ltd to be Revived</strong></div>
<div>
	The government has started discussions to resume the operations of Nepal Drug Ltd (NDL), a public enterprise closed down three years ago. At the discussion programme held at the Ministry of Finance, Minister for Finance, Industry, and Commerce and Supplies, Shanker Koirala said that the government was thinking to revive the NDL to save the history of Nepal&rsquo;s first drug manufacturing company and to provide medicines at cheaper raters to the general public.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Production License to Hydel Projects</strong></div>
<div>
	The Ministry of Energy has issued production license to two hydropower projects &ndash; 6.8MW Rudikhola A hydroelectricity Project and the 4MW Ghalemdi Khola Hydroelectricity Project. Senior Divisional Engineer at the Department of Electricity Development (DoED), Gokarna Raj Pantha said, &ldquo;Both these projects have committed to start producing power within three years.&rdquo; The construction cost of Rudikhola A which is being devepoed by Bindhyabasini Hydropower Development Company, is Rs 1.15 billion. Similarly, the Ghalemdi Khola hydel project is being developed by CMAT Power Development Company. Nepal Electricity Authority has already signed power purchase Agreement (PPA) with both the projects.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Taskforce for Making Nepal Free Wi-Fi Zone</strong></div>
<div>
	As per a concept developed by the Ministry of Information and Communications, the government has formed a taskforce to study the possibilities of declaring entire Nepal a Free WiFi Zone. Anandaraj Khanal, officiating chief of Nepal Telecommunications Authority (NTA) has been appointed the member secretary of the taskforce. Similarly, the taskforce has Mahesh Prasad Adhikari, a board member of NTA as the coordinator. Other members of the committee include technical Under-Secretaries at the Office of Prime Minister and Council of Ministers, the National Planning Commission, the Ministry of Science and Technology, the Ministry of Information and Communications, and expert at Tribhuvan University. The taskforce has been asked to submit its report with suggestions and recommendations within 30 days of it starting work.</div>
<div>
	&nbsp;</div>
<div>
	<strong>NOC Demands Rs 2 bn Grant</strong></div>
<div>
	Ailing Nepal Oil Corporation (NOC) is preparing to seek a grant of nearly Rs 2 billion from the government to meet its monthly loss of Rs 1.85 billion. &ldquo;As we are not in position to hike prices, a grant from the government is the only way to meet our monthly loss which has climbed to Rs 1.85 billion,&rdquo; said NOC spokesperson Mukunda Ghimire, adding that the Corporation is incurring a huge loss in the import of LPG.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public’s confidence in the housing business as well as fulfill the government’s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.',
			'sortorder' => '2257',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '2413',
			'article_category_id' => '140',
			'title' => '36 Entrepreneurs, Firms To Be Recognized With CIP Honour',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January. According to TEPC Executive Director Ishwari Prasad Ghimire, a minister level decision will be taken at the earliest possible to honour the industrialists and entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	According to the Guidelines for the CIP honour, entrepreneurs and companies with controversial background will not be awarded with the honour. It is because of this provision that the list of the entrepreneurs and firms to be hounoured was pending at the In-land Revenue Department (IRD|) for a long time for investigation. &ldquo;That&rsquo;s why it took a long time to finalise the list,&rdquo; a source said. Now the IRD has given its go-ahead, it is learnt. There are eight categories of the entrepreneurs and companies to be awarded the CIP honour - 13 Nepali exporters, nine foreign importers of Nepali goods, eight business chambers and commodities associations, two from the tourism sector, one highest taxpayer, one highest employment creator, one highest investor in manufacturing sector, and one from the remittance sector. Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on-arrival visas of 15 to 90 days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the provisions of the guidelines, the government will not award CIP to any person or business blacklisted by any government authority; blacklisted by Credit Information Bureau as a defaulter of any bank or financial institution; of bad moral and convicted by the court; convicted of corruption and financial irregularities and tax defaulter till the previous year.&nbsp;</div>',
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			'description' => 'The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January.',
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			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
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			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
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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
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
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '2427',
			'article_category_id' => '151',
			'title' => 'Studying MBA At Premium Education Institution Of The Country',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Upashana Neupane</strong></div>
<div>
	&nbsp;</div>
<div>
	Master&rsquo;s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector. Tribhuvan University School of Management&rsquo;s (SOMTU) MBA programme is considered to be one of the best courses available in Nepal. The institution claims of having best teaching standards and industry-focused curriculum that produces capable and efficient professionals.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU School of Management (SOMTU)&nbsp;</strong></span></div>
<div>
	SOM TU envisages implementing the MBA programme professionally and promises to have academically qualified faculty members that have professional exposure and experience, among others. The Working Procedure Regulations 2066 BS governs the institute&rsquo;s working procedures while providing it a full autonomous status. The SOM Governing Board is the apex body that is authorized to determine all academic, administrative, and financial policy of this school.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SOM MBA Programme</strong></span></div>
<div>
	SOM&rsquo;s MBA programme is a full time course that focuses on developing managerial and entrepreneurial capabilities of students through curricular and co-curricular activities. It specifically aims to prepare professional managers for business and non-business sectors. Along with that, the course aims to develop entrepreneurs that will be capable of evaluating risks and taking on challenges in emerging global business environment. Every SOM MBA grad will have the knowledge, skill, and attitude necessary for developing scientific approach towards business, being result oriented, and being socially responsive management professionals.</div>
<div>
	&nbsp;</div>
<div>
	The programme has 60 credit hours with components that involve course work, seminars, practicum, experiential learning, and graduate research project.The total duration of the programme is 2 years and is spread over four semesters.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Student Intake</strong></span></div>
<div>
	Madhav Raj Koirala, Director of the SOM, says, not all aspiring students manage to get into the SOM MBA programme, though they receive overwhelming number of applications in every admission session.</div>
<div>
	Student intake for the MBA programme takes place twice a year. The spring intake begins from the month of January for the February &ndash; June semester, while the fall intake begins from July for the August &ndash; December semester.SOM takes a total of 35 students of which 5 seats are reserved for corporate sponsorships and foreign students. Corporate and foreign students must secure a minimum of 60 percent in the written entrance test (SOMAT) for contending in this quota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Eligibility</strong></span></div>
<div>
	The applicant to the MBA programme must have a minimum of 15 years&rsquo; formal education (12 years of schooling plus three years of graduation). And with that, s/he must have secured a minimum CGPA of 2.0 or 45 percent in Bachelor&rsquo;s level.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<p>
		&nbsp;</p>
</div>
<div>
	<span style="font-size:14px;"><strong><img alt="Madhav Raj Koirala, Director, School of Management" src="/userfiles/images/lc.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 222px;" />Madhav Raj Koirala</strong></span></div>
<div>
	<strong>Director, School of Management</strong></div>
<div>
	&nbsp;</div>
<div>
	The SOM MBA curriculum has a local focus with a global perspective. Comparatively, TU&rsquo;s MBA curriculum is not much different from others. The difference is the means and mode of delivering the course. Teaching faculties, teaching techniques, field exposures are the things that can differentiate TU&rsquo;s MBA from others. The SOMTU has a host of experienced and seasoned faculty members that includes professors and associate professors with doctorate degrees, long experience in teaching, research and consulting, along with other professionals that have tremendous experience in their respective field.</div>
<div>
	&nbsp;</div>
<div>
	We provide two special courses to our students: Practicum Course and Seminar Course. These courses aim to provide specific skills and knowledge to the students that other general MBA courses do not provide.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Our students have greater exposure to industry where they inculcate essential skills to tackle real time issues. This exposure is coupled with research, seminars and experiential learning. These components enable them to be leaders in their professions.</div>',
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			'created' => '2014-01-07',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Master’s in Business Administration (MBA) programme is an academic course that provides effective managerial skills and insights to its students. There has been an increase in demand for MBA graduates following the boom witnessed by the financial and industrial sectors around the world. Students are increasingly aspiring for enrolling themselves in this course considering the employment opportunities that are available in this sector.',
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	(int) 1 => array(
		'Article' => array(
			'id' => '2411',
			'article_category_id' => '137',
			'title' => 'India Alludes To More Liberal FDI Regime In Coming Weeks',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India&#39;s Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;&quot;The government will continue its endeavour for liberalising the FDI policy further in the coming weeks to ensure that India retains its leadership position for attracting foreign investments,&quot; Sharma said in a statement.</div>
<div>
	&nbsp;</div>
<div>
	The commerce ministry is working towards allowing FDI in railways and e-commerce. Last year, the government had relaxed FDI norms in sectors including telecom, defence, PSU oil refineries, commodity bourses, power exchanges and stock exchanges.</div>
<div>
	&nbsp;</div>
<div>
	Over a year after India eased FDI norms for multi-brand retail, the first investment proposal came through two weeks ago when British retailer Tesco sought entry into the country&#39;s $500 billion retail sector in partnership with Tata&#39;s Trent. The Foreign Investment Promotion Board cleared Tesco&#39;s $110-million investment plan on December 30. Sharma had indicated last week that there would be more multi-brand retail proposals before the end of the current financial year. &quot;The decisions of the government have resonated with the global community and we have seen results in the last few months,&quot; the minister said, adding that India was rated as the most-favoured investment destination destination globally in 2013.</div>
<div>
	&nbsp;</div>
<div>
	The ministry is now working to relax FDI norms in railways and construction activities. FDI in the April-October period stood at $12.6 billion, down 15% from a year ago. Sharma said the coming months would see a greater push for development of industrial corridors and work would begin for establishing newcities along the Delhi-Mumbai Industrial Corridor (DMIC). The $90-billion DMIC project is aimed at creating mega industrial infrastructure along the Delhi-Mumbai Rail Freight Corridor, which is under implementation. Japan is providing financial and technical aid for the project, which will cover seven states totaling 1,483 km.</div>
<div>
	&nbsp;</div>
<div>
	&quot;I expect that with greater foreign investment and technology collaborations, Indian manufacturing will alsomove up the value chain and acquire greater competitiveness globally,&quot; Sharma said. The minister said the country had done reasonably well in exports in the first eight months of the fiscal despite weak demand in traditional markets. &quot;I am sure that in the remaining period of this financial year, exports will show a strong and dynamic growth,&quot;Sharmasaid.</div>
<div>
	&nbsp;</div>
<div>
	In April-November 2013, exports grew by 6.27% to $ 204 billion while imports aggregated $304 billion.</div>',
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			'created' => '2014-01-06',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'India's Commerce and Industry Minister Anand Sharma on 1st January, Wednesday indicated further liberalisation of the foreign direct investment (FDI) policy in the coming weeks.',
			'sortorder' => '2268',
			'image' => null,
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		'Article' => array(
			'id' => '2425',
			'article_category_id' => '109',
			'title' => 'MAHA Re-Alliance With Sanima',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya &nbsp;have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. &quot;MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years,&quot; informed the release. The contract to this regard was signed by MAHA duo and Sanima Bank&#39;s Deputy Chief Executive Officer, Bhuvan Kumar Dahal on 3rd January, Friday. During the agreement period, the duo will be associated with various promotional activities of Sanima such as tv commercials, radio jingles, newspaper advertisement and branch expansion.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The celebrity duo Madan Krishna Shrestha and Hari Bansha Acharya  have re-allied with Sanima Bank Limited. According to a press release by the bank, an agreement with the MAHA duo has been reached to continue their role as brand ambassadors of the bank. "MAHA who have been brand ambassadors of the bank for last two years have agreed to continue the role for further two years," informed the release.',
			'sortorder' => '2267',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '2424',
			'article_category_id' => '109',
			'title' => 'Everest Bank Observing “Customer-Top Management Meet” Programme',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="" src="/userfiles/images/eb.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 143px;" />Everest Bank is conducting &ldquo;Customer-Top Management Meet&rdquo; programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. &quot;In this process, the top management is trying to resolve the queries &amp; grievances of the customer on-the-spot,&quot; read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;This ongoing programme has been very helpful to indentify &amp; resolve the problems. As per the Bank, this programme has helped us to bring customers &amp; the top management on the same floor where problems are resolved immediately,&quot; says the statement. The officials at the bank informed that the programme has already been conducted in five branches and will&nbsp;</div>
<div>
	be continued throughout all the branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the bank also informed that it is observing &ldquo;Customer Service Fortnight&rdquo; with an objective to create awareness among staff members about increased importance of the customer service.</div>',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Everest Bank is conducting “Customer-Top Management Meet” programme on the occasion of New Year 2014. According to a press statement by the bank, the top management officials of the bank are visiting each branch to interact with the customers under this programme. "In this process, the top management is trying to resolve the queries & grievances of the customer on-the-spot," read the statement. The bank said that it is committed to improve its services as per changing times and needs of the customers.',
			'sortorder' => '2266',
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	(int) 4 => array(
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			'id' => '2423',
			'article_category_id' => '110',
			'title' => 'Top Ten Losers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '2265',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'main_news' => false,
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	(int) 5 => array(
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			'id' => '2422',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (30 December 2013 - 5 December 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Gainers',
			'sortorder' => '2264',
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			'id' => '2421',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (30 December 2013 - 5 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'US Dollar Exchange Rate At Local Market',
			'sortorder' => '2263',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2420',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (30 December 2013 - 6 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2014-01-07',
			'modified' => '2014-01-07',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '2262',
			'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) 8 => array(
		'Article' => array(
			'id' => '2417',
			'article_category_id' => '144',
			'title' => 'All Play, No Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal has too many festival holidays. This is reflected well in the country&rsquo;s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days. &nbsp;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After the success of the 2006 April Movement, known as Jana Aandolan II, many of the birthday-cum-holidays of the monarchs of old were scrapped only to be replaced with the likes of Lokatantra Diwas and Ganatantra Diwas. In addition, the newly declared secular state was under immense pressure from various religious and ethnic groups to declare their festivals as public holidays. So, the state declared those days as public holidays as demanded to, perhaps, prove its multicultural and multi-ethnic credentials.</div>
<div>
	&nbsp;</div>
<div>
	But that has not satisfied everyone, though Nepal celebrates an average of one public holiday a week. There are still several ethnic minorities who are demanding that the government declare their festivals, too, as national holidays. Imagine all the days that could now be declared holidays if the country was to acknowledge the myriad minorities that are today asserting their rights and identities, on and off the official calendar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If festivals of all communities are declared as public holidays, most public as well as private offices would be closed for almost the entire year! We certainly don&rsquo;t want such a situation to emerge. In fact, the Administration Restructuring Commission (ARC) formed in 2009 has already advised the government to reduce the number of public holidays drastically. Established by then Maoist-led government under the chairmanship of the Minister for General Administration, the ARC claimed that the civil service would become more effective if its recommendation was implemented.</div>
<div>
	&nbsp;</div>
<div>
	Presently, Hindus get more festival holidays than other religious groups who don&rsquo;t mind it because they too get holidays on such days. A non-Hindu would perhaps like to work on the public holidays meant for the Hindus. Similarly, a Hindu would like to work on the festival holidays meant for other religious groups. The government should allow them to do so. For example, if a Buddhist or a Christian or a Muslim wants to work on Shivaratri or Janai Purnima and take a day off on some other important festivals of theirs, they should be allowed to do so. This would be judicious, too.</div>
<div>
	&nbsp;</div>
<div>
	Therefore, the government will do well to fix the number of festival holidays for the entire year and leave it to the employees to decide when they want to take their festival holidays according to their needs, interest and culture. This way, every employee will not want to take a day off on all festivals and offices will be open every day except the weekly day off on Saturday and the national holidays. The number of national holidays, too, should be as minimum as possible.</div>
<div>
	&nbsp;</div>
<div>
	In India, there are only three national holidays. Other holidays are decided by the state governments. Similarly, there are only 11 festival holidays in China. Nepal should learn from such examples in its immediate neighbourhood. Therefore, long festival holidays of Dashain and Tihar should be cut down. Similarly, it&rsquo;s not appropriate to declare public holidays for all on festivals like Shivaratri, Janaipurnima, Eid, birth anniversary of Guru Nanak, Ubhauli, Udhauli, Gaura Parba, Lhoshar, Maghi etc. Once the number of festival holidays is fixed for the entire year, the government employees and industry workers can take their festival holidays according to their choice.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal has too many festival holidays. This is reflected well in the country’s calendar which shows that there are a total of 52 public holidays including festival holidays, besides as many weekly holidays on Saturdays. Too many holidays have cost the national productivity dearly as almost all government and private offices are closed on these days. In the current Nepali month of Paush (mid-December to mid-January) alone, for example, there are three days off because festivals of different communities have fallen on those days.',
			'sortorder' => '2261',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2418',
			'article_category_id' => '86',
			'title' => 'Nepali Invention @ CAN Infotech',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At his company&rsquo;s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Dear visitors, we have developed a new software which we can call truly Nepali as it behaves like a typical Nepali.&rsquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;In what way?&rsquo; ask the visitors.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&lsquo;Whenever it makes a mistake,&rsquo; replied the engineer, &lsquo;it blames other software or the computer. &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At his company’s stall in the ongoing CAN Info Tech, a computer engineer proudly announces about a software they have recently developed.',
			'sortorder' => '2260',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2414',
			'article_category_id' => '140',
			'title' => '‘Prez Should Call First CA Meeting’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;The Then Prime Minister Girija Prasad Koirala had called the CA meeting in 2008 as he was holding the powers of both ceremonial Head of State and executive Prime Minister after suspension of the monarchy,&quot; Koirala said, &quot;we don&rsquo;t have such situation now.&quot; He added that the dispute will be resolved soon after calling a meeting of the High Level Political Committee.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Meanwhile, speaking at a separate programme in Birgunj, CPN (UML) senior leader and former prime minister Madhav Kumar Nepal, too, said that the first meeting of the new CA has to be called by the President.&nbsp;</div>
<div>
	Similarly, speaking at a separate interaction program in Kathmandu, legal professionals and advocates have stressed that the matter should be resolved through mutual consent of the President and the Council of Ministers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&quot;It would be better if the Council of Ministers recommended the President to call such a meeting and the Presidents acted accordingly,&quot; said Bishwokant Mainali, a former chief of Nepal Bar Association. &quot;There should be coordination among the two institutions (Council of Ministers and President&#39;s Office),&quot; said constitutional expert Bhimarjun Acharya.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the debate on who should call the first meeting of the newly elected Constituent Assembly (CA) continues, Nepali Congress President Sushil Koirala has said that it is the task of the Head of State. Addressing a program in Kathmandu on January 3, Koirala said President Dr Ram Baran Yadav, in his capacity as the Head of State, should call the first meeting of the CA, adding that this would be in line with the international practice, too.',
			'sortorder' => '2259',
			'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' => '2416',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief (6 - 12 January 2014)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>&lsquo;UML To Join Govt If Given Respectful Berths&rsquo;&nbsp;</strong></span></div>
<div>
	Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given &lsquo;respectful&rsquo; berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. &ldquo;A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),&rdquo; Nepal said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>28 Parties Submit PR List</strong></span></div>
<div>
	Twenty-eight political parties including the Nepali Congress (NC) and the UCPN (Maoist) submitted their final lists of PR candidates for the CA to the Election Commission (EC) on December 30, the last day of the third extended deadline to do so. NC submitted a list of 91 PR members for the CA while the UCPN (Maoist) submitted a list of 56 CA members. However, the political parties submitted the lists amid serious dissatisfaction and disputes among their senior leaders over the allotment of the PR seats. Fifteen central committee members of the NC have written a note of dissent about the party&rsquo;s list. Similarly, UCPN (M) leaders Baburam Bhattarai and Narayan Kaji Shrestha boycotted the party&rsquo;s central committee meeting held at Chairman Pushpa Kamal Dahal&rsquo;s residence in Lazimpat, expressing serious reservation over the allotment of the PR seats. Meanwhile, Federal Socialist Party-Nepal, which won five seats under the PR category, and Madhesi Janaadhikar Forum-Nepal, which won eight, did not submit their final lists of PR candidates though the third deadline to do so expired.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>SC Quizzes Govt over CA Session Writ&nbsp;</strong></span></div>
<div>
	The Supreme Court on December 31 asked the government to explain why the President cannot call the first meeting of the Constituent Assembly (CA). Responding to a writ petition filed by advocate Biswas Acharya, a single bench of Justice Tarka Raj Bhatta also asked both petitioner and defendants to appear before the court to discuss whether a stay order is required as demanded by the petitioner in the writ. The Prime Minister&rsquo;s Office, Council of Ministers and Minister for Information and Communication, Madhav Poudel, have been made the defendants in the writ. Advocate Acharya had moved the apex court on December 27, last year, demanding an order that the President call the first meeting of the CA. He maintains that it is an international practice that the head of state calls meeting of the CA and session of Parliament.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>RPP-N Saved From Split</strong></span></div>
<div>
	The disgruntled leaders of the Rastriya Prajatantra Party-Nepal (RPP-N), who had announced to split from the party on December 30, have rejoined the mother party. They have also admitted that trying to split the party was a great mistake. Speaking at a programme organised in the capital on January 2, senior leader Tanka Dhakal, who leads the disgruntled faction, admitted that the attempt by him and other irate leaders to register a new party after rebelling from RPP-N was the &ldquo;gravest mistake&rdquo; of his political career. Earlier, 20 out of the 45 Central Committee (CC) members of the party had decided to part ways and form a new party after RPP-Nepal party Chairman Kamal Thapa turned down their demand to review the list of the CA members under the PR category. Though RPP-Nepal couldn&rsquo;t win even a single seat under the FPTP system, it got 24 seats under the PR system.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Senior CPN-UML leader and former Prime Minister Madhav Kumar has hinted that his party would join the government only if given ‘respectful’ berths in the new Cabinet to be formed. Speaking at a programme in Rautahat district on January 2, Nepal also said the largest party Nepali Congress (NC) has not yet talked with his party regarding the government formation. “A proper place for every party in the state power is necessary for success of the second Constituent Assembly (CA),” Nepal said.',
			'sortorder' => '2258',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2415',
			'article_category_id' => '140',
			'title' => 'Weekly Roundup (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>Govt Buying Apartments</strong></div>
<div>
	The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public&rsquo;s confidence in the housing business as well as fulfill the government&rsquo;s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Nepal Drug Ltd to be Revived</strong></div>
<div>
	The government has started discussions to resume the operations of Nepal Drug Ltd (NDL), a public enterprise closed down three years ago. At the discussion programme held at the Ministry of Finance, Minister for Finance, Industry, and Commerce and Supplies, Shanker Koirala said that the government was thinking to revive the NDL to save the history of Nepal&rsquo;s first drug manufacturing company and to provide medicines at cheaper raters to the general public.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Production License to Hydel Projects</strong></div>
<div>
	The Ministry of Energy has issued production license to two hydropower projects &ndash; 6.8MW Rudikhola A hydroelectricity Project and the 4MW Ghalemdi Khola Hydroelectricity Project. Senior Divisional Engineer at the Department of Electricity Development (DoED), Gokarna Raj Pantha said, &ldquo;Both these projects have committed to start producing power within three years.&rdquo; The construction cost of Rudikhola A which is being devepoed by Bindhyabasini Hydropower Development Company, is Rs 1.15 billion. Similarly, the Ghalemdi Khola hydel project is being developed by CMAT Power Development Company. Nepal Electricity Authority has already signed power purchase Agreement (PPA) with both the projects.</div>
<div>
	&nbsp;</div>
<div>
	<strong>Taskforce for Making Nepal Free Wi-Fi Zone</strong></div>
<div>
	As per a concept developed by the Ministry of Information and Communications, the government has formed a taskforce to study the possibilities of declaring entire Nepal a Free WiFi Zone. Anandaraj Khanal, officiating chief of Nepal Telecommunications Authority (NTA) has been appointed the member secretary of the taskforce. Similarly, the taskforce has Mahesh Prasad Adhikari, a board member of NTA as the coordinator. Other members of the committee include technical Under-Secretaries at the Office of Prime Minister and Council of Ministers, the National Planning Commission, the Ministry of Science and Technology, the Ministry of Information and Communications, and expert at Tribhuvan University. The taskforce has been asked to submit its report with suggestions and recommendations within 30 days of it starting work.</div>
<div>
	&nbsp;</div>
<div>
	<strong>NOC Demands Rs 2 bn Grant</strong></div>
<div>
	Ailing Nepal Oil Corporation (NOC) is preparing to seek a grant of nearly Rs 2 billion from the government to meet its monthly loss of Rs 1.85 billion. &ldquo;As we are not in position to hike prices, a grant from the government is the only way to meet our monthly loss which has climbed to Rs 1.85 billion,&rdquo; said NOC spokesperson Mukunda Ghimire, adding that the Corporation is incurring a huge loss in the import of LPG.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government has decided to buy apartments for VVIPs and VIPs. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development, the decision will boost up the general public’s confidence in the housing business as well as fulfill the government’s need. Acharya said that apartments will be bought for the Prime Minister, Chief Justice, ministers and government secretaries, among other highly-placed officials. The government has already invited bids for buying apartments for the VVIPs and VIPs. Acharya said that the decision will boost the morale of the housing entrepreneurs.',
			'sortorder' => '2257',
			'image' => null,
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	(int) 13 => array(
		'Article' => array(
			'id' => '2413',
			'article_category_id' => '140',
			'title' => '36 Entrepreneurs, Firms To Be Recognized With CIP Honour',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January. According to TEPC Executive Director Ishwari Prasad Ghimire, a minister level decision will be taken at the earliest possible to honour the industrialists and entrepreneurs.</div>
<div>
	&nbsp;</div>
<div>
	According to the Guidelines for the CIP honour, entrepreneurs and companies with controversial background will not be awarded with the honour. It is because of this provision that the list of the entrepreneurs and firms to be hounoured was pending at the In-land Revenue Department (IRD|) for a long time for investigation. &ldquo;That&rsquo;s why it took a long time to finalise the list,&rdquo; a source said. Now the IRD has given its go-ahead, it is learnt. There are eight categories of the entrepreneurs and companies to be awarded the CIP honour - 13 Nepali exporters, nine foreign importers of Nepali goods, eight business chambers and commodities associations, two from the tourism sector, one highest taxpayer, one highest employment creator, one highest investor in manufacturing sector, and one from the remittance sector. Those awarded with the CIP honour will get high priority to meet the Prime Minister and ministers. Similarly they will get VIP privileges at the Tribhuvan International Airport. Foreigners who will get the award will get on-arrival visas of 15 to 90 days.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to the provisions of the guidelines, the government will not award CIP to any person or business blacklisted by any government authority; blacklisted by Credit Information Bureau as a defaulter of any bank or financial institution; of bad moral and convicted by the court; convicted of corruption and financial irregularities and tax defaulter till the previous year.&nbsp;</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The government will soon be honouring three dozen entrepreneurs and business persons as Commercially Important Person (CIP) for their contribution to the economy and commercial sector. A meeting of the Technical Committee of the Trade and Export Promotion Centre (TEPC) on January 1 decided to recommend the names of 36 exporters, importers, investors, employers and entrepreneurs to the Ministry of Commerce and Supplies (MoCS) in order to recognize them with the CIP hounour within the month of January.',
			'sortorder' => '2256',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2412',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief (6 - 12 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Pakistan Plans to Produce 8,900 MW&nbsp;</strong></span></div>
<div>
	With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country&rsquo;s power sector.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Japan&rsquo;s Population Logs Record Drop in 2013</strong></span></div>
<div>
	Japan&rsquo;s population fell by a record 244,000 in 2013, according to health ministry estimates released on 1st January. An estimated 1,031,000 babies were born in 2013, down about 6,000 from a year earlier, the ministry said.On the other hand, around 1,275,000 people died &mdash; up about 19,000 from the previous year, the highest annual rise since World War II. Japan&rsquo;s population totalled 126,393,679 as of March 31, down 0.21 per cent from a year earlier.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Latvia Joins Eurozone</strong></span></div>
<div>
	Latvia has begun the new year by joining the eurozone, becoming the 18th member of the group of EU states which uses the euro as its currency. The former Soviet republic on the Baltic Sea recently emerged from the financial crisis to become the EU&rsquo;s fastest-growing economy.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Local Government Debt Surges by 70%</strong></span></div>
<div>
	China has local government debts of 17.7 trillion yuan ($2.9 tn), up 70% from three years ago, according to an official report. China&rsquo;s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level.The report showed some local governments were using new loans to repay more than a fifth of their debt. China has a total government debt of about 58% of its economic output.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Spain Steps into Panama Canal Row</strong></span></div>
<div>
	The Spanish government is in talks with Panama to try to resolve a row over the expansion of the Panama Canal. Spain&rsquo;s public works minister Ana Pastor will fly to Panama this weekend, following a meeting between diplomats on last Friday. Work began on the expansion of the shipping hub in 2009, but it has gone over-budget by $1.6bn. The group behind the project, led by Spain&rsquo;s Sacyr, has threatened to halt work unless the extra money is paid.</div>',
			'published' => true,
			'created' => '2014-01-06',
			'modified' => '2014-01-06',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the country facing severe power shortage, Pakistan plans to set up seven functional nuclear plants of 1,100 MW each by 2030 in addition to four units of 300 MW, producing a total of 8,900 MW of electricity. Chairman of Pakistan Atomic Energy Commission Ansar Parvez said that nuclear power was set to become major player in the country’s power sector.',
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