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			'title' => 'Labour Problems',
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			'content' => '<div>
	In the recently held high-level meeting of the Inter Governmental Committee (IGC) between &nbsp;Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Secretary: &lsquo;Labour problems in our nation produce hundreds of tensions for us.&rsquo;</div>
<div>
	&nbsp;</div>
<div>
	Indian Secretary: &lsquo;Even serious for us. Labour problems in our nation produce 50,000 babies every day.&rsquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-ML</strong></div>
<div>
	&nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'In the recently held high-level meeting of the Inter Governmental Committee (IGC) between  Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.',
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			'description' => 'Top Ten Gainers',
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			'description' => 'Weekly Gold And Silver Price',
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			'description' => 'US Dollar Exchange Rate At Local Market',
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			'title' => 'Century Commercial Bank Readies For IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, &nbsp;Agriculture Development Bank has issued highest number of shares in the country&#39;s stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. &nbsp;The bank currently has Rs 1.08 billion paid up capital. The bank&#39;s CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account&nbsp;</strong></span></div>
<div>
	Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched &#39;IPO Saving Deposit Account.&#39; The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. &quot;The account can be opened with a minimum deposit of Rs 1,000,&quot; reads the statement. The statement informed that the depositors will be able to invest in the bank&#39;s IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders.&nbsp;</div>',
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			'description' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now,  Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.',
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			'id' => '2375',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>TU Holds 39th Convocation Ceremony&nbsp;</strong></span></div>
<div>
	Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.</div>
<div>
	A total of 51 students including 34 from humanities, seven from science and technology, one from law, two from education and seven from management stream received doctorate degree this year. Khil Raj Regmi, Chairman of the Interim Election government and Chancellor of the TU, handed awards to students who excelled in their respective area of study. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Publishes Re-total Result</strong></span></div>
<div>
	The Exam Controller Division of theHigher secondary Education Board (HSEB), Sanothimi, Bhaktapur, published the re-total result of grade 12 Science, of both regular and partial exams, on Friday, 26th December. Students can collecttheir mark sheet after 10 days by producing their original transcript/mark sheet.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Higher Education for Rs 100</strong></span></div>
<div>
	A private school in Bouddha has decided to provide higher education to students for Rs 100 per month. Samata College, an education institution in Bouddha, Kathmandu, will be launching this initiative from this academic session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college launched the scheme with an aim to provide quality education to low-income students. The college, affiliated to Tribhuvan University has formally started its four-year management program and three-year program under humanities faculty. The college was inaugurated on Wednesday, 24th December.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Interview of Secondary Level School Teachers Cancelled</strong></span></div>
<div>
	TSC was scheduled to take the interview of the applicants who passed the written selection exams conducted by it last month. CIAA on Wednesday directed TSC to halt the interview process in response to a complaint that irregularities were committed in the announcement of the results of the written tests. Under-Secretary at TSC, Narayan Bhattarai, said that the commission&rsquo;s employees who were deputed to conduct the tests at different regional education directorates have started returning Kathmandu after the interview was postponed. However, different teachers&rsquo; unions have demanded that TSC go ahead with the interview and only put on hold the interview of the regions where the alleged irregularities have reportedly taken place, rather than postponing the interview in all the regions. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Overhauls Examination System</strong></span></div>
<div>
	Higher Secondary Education Board (HSEB) has brought into use the mark-slip with barcode. Making reforms in the ten plus two examination system, the HSEB has introduced barcode in answer sheet and optical mark reader, said Acting Examination Controller Durga Aryal. He claimed the new system would bring about reform in examination system resolving loopholes seen in the past. Aryal further said students would be provided with registration certificate immediately after scanning their photo and signature used in the registration form of grade 11. It would help check fake students appearing in the examination and preparation of fraud educational certificate, he added. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The HSEB has come up with a plan to use Virtual Private Network system to develop transcript, migration and provisional certificates, which is expected to end the malpractice of making fake certificates. He further informed that the HSEB has introduced computer billing system to manage the income of the institution. Among other reforms brought by the HSEB include early results of the examinations, arrangement of well-equipped printer for print-outs of mark ledger and mark sheets. (RSS)</div>',
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			'description' => 'Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.',
			'sortorder' => '2218',
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			'id' => '2374',
			'article_category_id' => '151',
			'title' => 'Leading Business Schools For Management Studies',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">Among the number of business colleges, King&rsquo;s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>King&rsquo;s College</strong></span></div>
<div>
	<img alt="King's College" src="/userfiles/images/lc1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 65px;" />Kings College was established in 2003 as an A level institution. The college later developed into an institution of higher learning in 2009. Kings College aims to provide world-class education to Nepali youth here in Nepal that too at an affordable cost. With a team of committed educators, academicians and professionals at the helm, the college has undergone a complete transformation in terms of structure and quality as well as systems and processes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college offers Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) programs in affiliation with the International American University (IAU), USA. The college offers a modern western education in Nepal with international brand and quality assurance. Adopting a holistic approach, the college pledges to promote and propagate value-based higher education that blends the best of the East and the West in concepts, applications and life purpose. King&rsquo;s focuses on producing and developing business leaders and entrepreneurial cadres who are ready to solve societal problems through entrepreneurship. General and Entrepreneurship focused MBA degrees are on offer.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Dr Som P Pudasaini, Executive Chairman" src="/userfiles/images/lc2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 247px;" />
					<div>
						<span style="font-size:14px;"><strong>Dr Som P Pudasaini,</strong> Executive Chairman</span></div>
					<div>
						&nbsp;</div>
					<div>
						A business school should be chosen on the basis of three points. First is the quality of education - whether it can assure jobs in Nepal or anywhere else in the world. Second is whether such education comes at a reasonable cost. Most of all, students should choose a college where they think they can be happy, learn in class, play and learn a number of extracurricular activities. King&rsquo;s College has been training its graduates to be capable of working in the real world. Most of the curriculum we are using is international so that our students can be employed outside of Nepal too. King&rsquo;s college tries to help students to be entrepreneurs and managers who can take innovative decisions and at the same time be capable of taking judicious risks.&nbsp;</div>
				</div>
				<div>
					&nbsp;</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<div>
	<div>
		<em>(Kings College has been ranked\awarded the 5th Best Business Schools in Nepal and Best Emerging Business School by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:16px;"><strong>ACE Institute of Management</strong></span></div>
	<div>
		<img alt="ACE Institute of Management" src="/userfiles/images/lc3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 59px;" />Ace Institute of Management is a contemporary, open-minded, conscientious learning center where students at different levels prepare to meet the challenges and opportunities of the 21st century. In its 12-year history, since its inception in 1999, it has established itself as a leading institution that is living its vision of enhancing the capacity of individuals and institutions in Nepal to contribute to the nation&rsquo;s development.</div>
	<div>
		&nbsp;</div>
	<div>
		Ace institute launched the first Executive MBA program in Nepal in 1999, the year of its establishment itself. Its MBA program has acquired a distinguished reputation of being the most rigorous and fulfilling experience. In the undergraduate school, the BBA program is now considered to be one of the best in the country and the graduates of the institute have not only proven to excel in higher academic paths, but are also widely sought in the job market. Similarly, the Ace Higher Secondary School is well-known for its individual centered learning approach. The Centre for Institution and People Development (CIPD), the consulting division of Ace Institute of Management, is another example of the institute&rsquo;s effort in enhancing the capacity of individuals and institutions in Nepal. The launch of Ace A-Level and BBA-Banking and Insurance programs in 2008 is an additional milestone in its continuous endeavor to serve and facilitate learning.</div>
	<div>
		&nbsp;</div>
</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
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			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Aashish Tiwari, Director" src="/userfiles/images/lc4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 244px;" />
					<div>
						<div>
							<span style="font-size:14px;"><strong>Aashish Tiwari,</strong> Director</span></div>
						<div>
							&nbsp;</div>
						<div>
							Students should make their decision of choosing a college based on infrastructures, the college&rsquo;s emphasis on practical knowledge and its recognition in the market. These three things are crucial for any college to attract students.</div>
						<div>
							&nbsp;</div>
						<div>
							At Ace, we lay a very strong foundation for the overall development of students. It is not only the intellectual development of the students or the grades that matter. Ace nurtures every student&rsquo;s potential and brings out the best in them. We try to focus on the weaknesses of our students and help them overcome them. Secondly, we treat our students with respect and believe that learning is a lifelong process. We want our students to not just focus on academics, but also experience the real world.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		&nbsp;</div>
	<div>
		<em>(Ace Institute of Management has been ranked\awarded the 3rd Best Business Schools in Nepal by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
</div>
<p>
	&nbsp;</p>',
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			'description' => 'Among the number of business colleges, King’s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.',
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			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
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		'Article' => array(
			'id' => '2373',
			'article_category_id' => '151',
			'title' => 'New Game Theory Research: Does Evolution Favour Jerks?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The website quotes a study published in Proceeding of the National Academy of Sciences that presented a new breakthrough strategy for the Prisoner&#39;s Dilemma, a classic game theory situation that presents two prisoners with the opportunity to either cooperate or betray each other in exchange for lesser sentences, widely studied as a model for economics, psychology and evolutionary biology.</div>
<div>
	&nbsp;</div>
<div>
	According to the article, using a strategy called zero-determinant, or ZD (meaning that in the mathematical model, the value called the determinant is set to zero), the paper argued that selfish players could be guaranteed to beat cooperative players, enforcing &quot;a unilateral claim to an unfair share of rewards.&quot; Since the Prisoner&#39;s Dilemma is used to explain biological phenomena, it raised the question: Does evolution favor jerks?</div>
<div>
	&nbsp;</div>
<div>
	The article says that Michigan State University microbiology and molecular genetics professor Christoph Adami and his research associate Arend Hintze immediately had doubts about whether ZD strategies could prove that evolution favors the selfish over the cooperative.</div>
<div>
	&nbsp;</div>
<div>
	In a paper published on August 9 in Nature Communications, they argue that according to their simulations, ZD strategies aren&#39;t evolutionarily stable, and that eventually, selfish players would have to become cooperative to survive. &quot;We found evolution will punish you if you&#39;re selfish and mean,&quot; Adami said in a press statement.</div>
<div>
	<em>(The Economic Times)</em></div>',
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			'modified' => '2014-01-20',
			'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' => 'So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.',
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		'Article' => array(
			'id' => '2372',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 44',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Visual Edit',
			'sortorder' => '2214',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '2366',
			'article_category_id' => '140',
			'title' => 'Online Building Permit From Mid-January',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. &ldquo;At present the land registration process takes nearly six months,&rdquo; he said, &ldquo;after the online system is implemented, it will take just about 15 days.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He added that the online permit system will take away the trouble of visiting the land registration office. The government has already implemented the online permit system in certain wards of the Kathmandu Metropolis and Lalitpur Sub-metropolis.</div>
<div>
	&nbsp;</div>
<div>
	Secretary at the MoUD, Kishore Thapa, told The Corporate that the online permit system will be gradually implemented across the country once it becomes successful in the Kathmandu Valley. The Kathmandu Metropolis has implemented this project as a pilot project in certain wards. As all wards of Kathmandu Metropolis are connected with the Internet, officials at the MoUD hope that the project will be successful.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;All [municipal and VDC] wards should be connected with electricity and Internet,&rdquo; Thapa said, &ldquo;Online building permit system can be implemented if all places are connected with electricity and Internet.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Once there is an agreement between the seller and buyer of a piece of land, an electronic copy of the map of the land will be sent to the concerned government office through online. Then the land will be registered in the name of the buyer. One the service seekers bring their file to the concerned government office, they can monitor the land registration process online.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. “At present the land registration process takes nearly six months,” he said, “after the online system is implemented, it will take just about 15 days.”',
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		'Article' => array(
			'id' => '2370',
			'article_category_id' => '144',
			'title' => 'The Shift In Nepali Agriculture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The National Agriculture Census 2011/12 has shown that Nepal&rsquo;s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares. Similarly, the Census has revealed that the number of households involved in vegetable farming has nearly doubled to 1.931 million from 977,000 in 2001-02. This means several things simultaneously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	First, there is a growing interest of farmers in vegetable farming and cash crops. It is encouraging in terms of both food security and higher purchasing power of farmers. Growing fruits and vegetables is a much more profitable activity than the farming of cereals. The argument that the trend of famers shifting towards vegetables and other cash crops might have negative impacts on the country&rsquo;s food security doesn&rsquo;t hold much water. According to the Food and Agriculture Organization of the United Nations, people have food security when they are able to grow enough food or buy enough food to meet their daily needs for an active, healthy life. Vegetables and other cash crops are more lucrative anyway and farmers engaged in such type of farming always have the option of buying rice, wheat or maize by selling vegetables.</div>
<div>
	&nbsp;</div>
<div>
	Second, this trend also helps in boosting food diversification in the country and lowering the imports of vegetables which are high-value crops. Vegetables have tremendous market potential now and in the future as well. This also means there is huge scope for corporate investment in vegetable farming. Only big investments from the corporate sector can ensure large-scale commercialized vegetable farming in the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Third, this trend needs to be encouraged. The donor community as well as the private sector in Nepal has been concentrating on the production of high-value vegetable crops. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has already implemented the concept of &ldquo;one village, one product&rdquo; in several districts. The farming of fruits and vegetables is particularly being promoted through this concept. Nepal&rsquo;s hilly areas which have access to irrigation are particularly suitable for vegetable farming. According to experts, farmers can grow vegetables for up to five cycles in a year compared to the two cycles of cereal farming. Also, farmers growing vegetables don&rsquo;t have to worry about market as vegetables sell easily in the market and have in fact become &ldquo;quick and guaranteed returns&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Another important revelation of the Census is that Nepal&rsquo;s agriculture has made some progress in terms of farm mechanization. The census shows that a good 22.04 percent farm households use tractors to plough their farmlands while 20.96 percent use threshers to harvest the food grains. This is a good progress as compared to the previous agriculture census of 2001/02. The previous Census showed that the percentage of farm households using tractors and threshers was less than 10 percent of the total holdings. Similarly, around 14.30 percent farm households have reported using pumping sets or motors for irrigation.</div>
<div>
	&nbsp;</div>
<div>
	The progress in farm mechanization is good but it&rsquo;s not enough. Nevertheless, we should feel happy that farm mechanization has increased without any encouragement from the government. This shows that the Nepali farmers are responsive to change in the market forces. On its part, the government should introduce suitable policies offering tax exemption on the import of agricultural tools and equipment. If possible, it should also provide grants in the case of high-price equipment. Similarly, the government should implement policies to facilitate agro loans. The process of sanctioning agro-loans should be made easy and hassle-free. Agro loans must be made cheaper. At present, a farmer has to pay up to 16 per cent interest on loans to buy tractors whereas a car loan comes at an interest rate of six percent. Such discrepancies should be removed. The government and the central bank should work on this.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 National Agriculture Census 2011/12 has shown that Nepal’s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares.',
			'sortorder' => '2212',
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		'Article' => array(
			'id' => '2369',
			'article_category_id' => '140',
			'title' => 'Nepal Political Economic News In Brief (30 December - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>HLPC Formalizes Four-point Deal</strong></span></div>
<div>
	A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>18 Parties Agree to Join CA</strong></span></div>
<div>
	Eighteen political parties including the UCPN (Maoist) have decided to join the newly elected Constituent Assembly (CA) after the three major parties &ndash; Nepali Congress (NC), CPN (UML) AND UCPN (Maoist) reached a four-point deal on December 24. A meeting of 18 political parties held at the UCPN (M) headquarters at Parisdanda agreed to participate in the CA arguing that the NC and UML had accepted their demands. Talking to media persons after the meeting, UCPN(Maoist) Spokesperson Agni Prasad Sapkota said they decided to be a part of the new CA after the NC and UML agreed to address their demands.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>PR List Submission Deadline Extended by Five Days&nbsp;</strong></span></div>
<div>
	The Election Commission (EC) on December 25 extended the deadline for submission of names of winning candidates under the proportional representation (PR) system by five more days. This is the third deadline extension by the constitutional body upon the request of the political parties. Parties now have to submit their PR lists by December 30. Top leaders of the major political parties had reached the EC on Dec 23 asking for the deadline extension after signing the four-point agreement.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Govt and CA Meet Soon: Regmi</strong></span></div>
<div>
	Chairman of the Council of Ministers, Khil Raj Regmi has said that the formation of the Constituent Assembly (CA) and a new government will take place soon. Addressing a programme in the Capital on December 25, Chairman Regmi said that the first session of the CA and the process of forming a new elected government will begin soon. &ldquo;I&rsquo;m confident that the new session of CA will begin soon, so will be the task of forming a new government and promulgating a new constitution,&rdquo; Regmi said. &ldquo;Now we should invest our skills and labor for development, peace and socio-economic transformation of the country,&rdquo; remarked Regmi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&rsquo;s Unconditional Support to NC-led Govt</strong></span></div>
<div>
	Former finance minister and leader of the UCPN (Maoist) Barshaman Pun has said that his party will extend unconditional support to the next government to be led by the Nepali Congress. He, however, said that his party will not participate in the new government to be formed. &ldquo;We will play a constructive role of an opposition party inside the Constituent Assembly. We will not engage in the game of changing the government. Our focus will be on promulgating the new constitution within a year,&rdquo; Pun said, speaking at a programme in the Capital on December 25.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2014-01-04',
			'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' => 'A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process',
			'sortorder' => '2211',
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		'Article' => array(
			'id' => '2368',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gearing Revenue Mobilisation</strong></span></div>
<div>
	Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers&rsquo; Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target. He also motivated them to fully utilise the time of mid-December to mid-January as this period is the time to collect more revenue in the country. &ldquo;Don&rsquo;t lose your professionalism thinking that the current government will be gone soon. The revenue collection target will be same whoever comes as the finance minister,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Funds Agri-Development</strong></span></div>
<div>
	The World Bank (WB) has approved US$ 150 million for two projects designed to help improve connectivity and raise agricultural productivity across 33 districts. The project titled &ldquo;Strengthening the National Rural Transport Programme&rdquo;, which has received USD 100 million intends to enhance the availability and reliability of transport connectivity in 33 districts. They are Arghakhanchi, Banke, Bara, Bardia, Bhojpur, Dang, Dhading, Dhanusha, Gulmi, Kailali, Kanchanpur, Kapilvastu, Kaski, Mahottari, Makwanpur, Nawalparasi, Nuwakot, Palpa, Parsa, Pyuthan, Rasuwa, Rautahat, Rupandehi, Salyan, Sakhuwasabha, Saptari, Sarlahi, Siraha, Surkhet, Syangja, Tanahu, Tehrathum and Udaypur, according to a press statement from the Bank. Similarly, the Irrigation and Water Resources Management Project, which is under implementation since December 2007 has received US$ 50 million. The assistance will help rehabilitate 80 additional farmer-managed irrigation schemes (FMIS) in 40 districts of the Western, Mid-Western and Far-Western Regions of Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Load-shedding for Half the Day</strong></span></div>
<div>
	Energy Minister Umakanta Jha has said the load-shedding time will not exceed 12 hours a day this winter. Talking to journalists at Bharatpur on December 25, Jha said the country witnessed 15-hour power outage a day last winter. &ldquo;But, this time it will be limited to 12 hours a day,&rdquo; said Minister Jha who had reached there to inspect the Narayani river embankment. He added that the government was preparing to import 200 MW of electricity from India to keep the load-shedding duration below 12 hours a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Biratnagar Golchha Office Gutted</strong></span></div>
<div>
	An estimated property worth over Rs. 50 million was destroyed when the Biratnagar office of Golchha Organisation caught fire on December 26. It took firefighters one and a half hours to douse the fire which was detected at around 9 in the morning. According to sources, the fire was caused by a short circuit in the third floor of the building that housed the account section of the office. The fire is said to have destroyed office equipment, furniture and important records of the office. There was human casualty.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Far-west Industrial Trade Fair</strong></span></div>
<div>
	With the aim of promoting industrial and economic development of the Far-western Development Region, a 10-day &lsquo;Far-West Industrial Trade Fair&rsquo; is going to be organized in Mahendranagar from January 10, 2014. The Fair will feature 150 stalls of various products from various districts of Far-West. The Fair is being organised with support from the ministries of agriculture development, commerce and supplies, Bhimduttanagar Municipality and the private sector. The organisers expect over 150,000 visitors and a transaction of over Rs 120 million during the fair.</div>',
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			'description' => 'Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers’ Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target',
			'sortorder' => '2210',
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		'Article' => array(
			'id' => '2367',
			'article_category_id' => '140',
			'title' => '‘Sushil Koirala  To Lead New Govt’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party&rsquo;s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.</div>
<div>
	&nbsp;</div>
<div>
	Speaking at an interaction program in Kathmandu on December 27, Badu also made it clear that there was no dispute inside the NC about Koirala leading the new government.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We will try to form a consensus government by bringing all major political parties on board. If this does not happen, a majority government will be formed,&rdquo; said Badu.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UCPN (Maoist leaders have already said to extend unconditional support to a NC-led government.</div>',
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			'description' => 'Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party’s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.',
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			'id' => '2371',
			'article_category_id' => '105',
			'title' => 'Labour Problems',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In the recently held high-level meeting of the Inter Governmental Committee (IGC) between &nbsp;Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Secretary: &lsquo;Labour problems in our nation produce hundreds of tensions for us.&rsquo;</div>
<div>
	&nbsp;</div>
<div>
	Indian Secretary: &lsquo;Even serious for us. Labour problems in our nation produce 50,000 babies every day.&rsquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-ML</strong></div>
<div>
	&nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'In the recently held high-level meeting of the Inter Governmental Committee (IGC) between  Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.',
			'sortorder' => '2223',
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			'id' => '2379',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2222',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '2377',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2221',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '2378',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2220',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'id' => '2376',
			'article_category_id' => '109',
			'title' => 'Century Commercial Bank Readies For IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, &nbsp;Agriculture Development Bank has issued highest number of shares in the country&#39;s stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. &nbsp;The bank currently has Rs 1.08 billion paid up capital. The bank&#39;s CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account&nbsp;</strong></span></div>
<div>
	Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched &#39;IPO Saving Deposit Account.&#39; The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. &quot;The account can be opened with a minimum deposit of Rs 1,000,&quot; reads the statement. The statement informed that the depositors will be able to invest in the bank&#39;s IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now,  Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.',
			'sortorder' => '2219',
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			'id' => '2375',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>TU Holds 39th Convocation Ceremony&nbsp;</strong></span></div>
<div>
	Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.</div>
<div>
	A total of 51 students including 34 from humanities, seven from science and technology, one from law, two from education and seven from management stream received doctorate degree this year. Khil Raj Regmi, Chairman of the Interim Election government and Chancellor of the TU, handed awards to students who excelled in their respective area of study. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Publishes Re-total Result</strong></span></div>
<div>
	The Exam Controller Division of theHigher secondary Education Board (HSEB), Sanothimi, Bhaktapur, published the re-total result of grade 12 Science, of both regular and partial exams, on Friday, 26th December. Students can collecttheir mark sheet after 10 days by producing their original transcript/mark sheet.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Higher Education for Rs 100</strong></span></div>
<div>
	A private school in Bouddha has decided to provide higher education to students for Rs 100 per month. Samata College, an education institution in Bouddha, Kathmandu, will be launching this initiative from this academic session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college launched the scheme with an aim to provide quality education to low-income students. The college, affiliated to Tribhuvan University has formally started its four-year management program and three-year program under humanities faculty. The college was inaugurated on Wednesday, 24th December.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Interview of Secondary Level School Teachers Cancelled</strong></span></div>
<div>
	TSC was scheduled to take the interview of the applicants who passed the written selection exams conducted by it last month. CIAA on Wednesday directed TSC to halt the interview process in response to a complaint that irregularities were committed in the announcement of the results of the written tests. Under-Secretary at TSC, Narayan Bhattarai, said that the commission&rsquo;s employees who were deputed to conduct the tests at different regional education directorates have started returning Kathmandu after the interview was postponed. However, different teachers&rsquo; unions have demanded that TSC go ahead with the interview and only put on hold the interview of the regions where the alleged irregularities have reportedly taken place, rather than postponing the interview in all the regions. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Overhauls Examination System</strong></span></div>
<div>
	Higher Secondary Education Board (HSEB) has brought into use the mark-slip with barcode. Making reforms in the ten plus two examination system, the HSEB has introduced barcode in answer sheet and optical mark reader, said Acting Examination Controller Durga Aryal. He claimed the new system would bring about reform in examination system resolving loopholes seen in the past. Aryal further said students would be provided with registration certificate immediately after scanning their photo and signature used in the registration form of grade 11. It would help check fake students appearing in the examination and preparation of fraud educational certificate, he added. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The HSEB has come up with a plan to use Virtual Private Network system to develop transcript, migration and provisional certificates, which is expected to end the malpractice of making fake certificates. He further informed that the HSEB has introduced computer billing system to manage the income of the institution. Among other reforms brought by the HSEB include early results of the examinations, arrangement of well-equipped printer for print-outs of mark ledger and mark sheets. (RSS)</div>',
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			'created' => '2013-12-31',
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			'description' => 'Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.',
			'sortorder' => '2218',
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			'id' => '2374',
			'article_category_id' => '151',
			'title' => 'Leading Business Schools For Management Studies',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">Among the number of business colleges, King&rsquo;s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>King&rsquo;s College</strong></span></div>
<div>
	<img alt="King's College" src="/userfiles/images/lc1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 65px;" />Kings College was established in 2003 as an A level institution. The college later developed into an institution of higher learning in 2009. Kings College aims to provide world-class education to Nepali youth here in Nepal that too at an affordable cost. With a team of committed educators, academicians and professionals at the helm, the college has undergone a complete transformation in terms of structure and quality as well as systems and processes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college offers Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) programs in affiliation with the International American University (IAU), USA. The college offers a modern western education in Nepal with international brand and quality assurance. Adopting a holistic approach, the college pledges to promote and propagate value-based higher education that blends the best of the East and the West in concepts, applications and life purpose. King&rsquo;s focuses on producing and developing business leaders and entrepreneurial cadres who are ready to solve societal problems through entrepreneurship. General and Entrepreneurship focused MBA degrees are on offer.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Dr Som P Pudasaini, Executive Chairman" src="/userfiles/images/lc2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 247px;" />
					<div>
						<span style="font-size:14px;"><strong>Dr Som P Pudasaini,</strong> Executive Chairman</span></div>
					<div>
						&nbsp;</div>
					<div>
						A business school should be chosen on the basis of three points. First is the quality of education - whether it can assure jobs in Nepal or anywhere else in the world. Second is whether such education comes at a reasonable cost. Most of all, students should choose a college where they think they can be happy, learn in class, play and learn a number of extracurricular activities. King&rsquo;s College has been training its graduates to be capable of working in the real world. Most of the curriculum we are using is international so that our students can be employed outside of Nepal too. King&rsquo;s college tries to help students to be entrepreneurs and managers who can take innovative decisions and at the same time be capable of taking judicious risks.&nbsp;</div>
				</div>
				<div>
					&nbsp;</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<div>
	<div>
		<em>(Kings College has been ranked\awarded the 5th Best Business Schools in Nepal and Best Emerging Business School by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:16px;"><strong>ACE Institute of Management</strong></span></div>
	<div>
		<img alt="ACE Institute of Management" src="/userfiles/images/lc3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 59px;" />Ace Institute of Management is a contemporary, open-minded, conscientious learning center where students at different levels prepare to meet the challenges and opportunities of the 21st century. In its 12-year history, since its inception in 1999, it has established itself as a leading institution that is living its vision of enhancing the capacity of individuals and institutions in Nepal to contribute to the nation&rsquo;s development.</div>
	<div>
		&nbsp;</div>
	<div>
		Ace institute launched the first Executive MBA program in Nepal in 1999, the year of its establishment itself. Its MBA program has acquired a distinguished reputation of being the most rigorous and fulfilling experience. In the undergraduate school, the BBA program is now considered to be one of the best in the country and the graduates of the institute have not only proven to excel in higher academic paths, but are also widely sought in the job market. Similarly, the Ace Higher Secondary School is well-known for its individual centered learning approach. The Centre for Institution and People Development (CIPD), the consulting division of Ace Institute of Management, is another example of the institute&rsquo;s effort in enhancing the capacity of individuals and institutions in Nepal. The launch of Ace A-Level and BBA-Banking and Insurance programs in 2008 is an additional milestone in its continuous endeavor to serve and facilitate learning.</div>
	<div>
		&nbsp;</div>
</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Aashish Tiwari, Director" src="/userfiles/images/lc4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 244px;" />
					<div>
						<div>
							<span style="font-size:14px;"><strong>Aashish Tiwari,</strong> Director</span></div>
						<div>
							&nbsp;</div>
						<div>
							Students should make their decision of choosing a college based on infrastructures, the college&rsquo;s emphasis on practical knowledge and its recognition in the market. These three things are crucial for any college to attract students.</div>
						<div>
							&nbsp;</div>
						<div>
							At Ace, we lay a very strong foundation for the overall development of students. It is not only the intellectual development of the students or the grades that matter. Ace nurtures every student&rsquo;s potential and brings out the best in them. We try to focus on the weaknesses of our students and help them overcome them. Secondly, we treat our students with respect and believe that learning is a lifelong process. We want our students to not just focus on academics, but also experience the real world.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		&nbsp;</div>
	<div>
		<em>(Ace Institute of Management has been ranked\awarded the 3rd Best Business Schools in Nepal by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2013-12-31',
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			'description' => 'Among the number of business colleges, King’s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.',
			'sortorder' => '2217',
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			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
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			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2373',
			'article_category_id' => '151',
			'title' => 'New Game Theory Research: Does Evolution Favour Jerks?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The website quotes a study published in Proceeding of the National Academy of Sciences that presented a new breakthrough strategy for the Prisoner&#39;s Dilemma, a classic game theory situation that presents two prisoners with the opportunity to either cooperate or betray each other in exchange for lesser sentences, widely studied as a model for economics, psychology and evolutionary biology.</div>
<div>
	&nbsp;</div>
<div>
	According to the article, using a strategy called zero-determinant, or ZD (meaning that in the mathematical model, the value called the determinant is set to zero), the paper argued that selfish players could be guaranteed to beat cooperative players, enforcing &quot;a unilateral claim to an unfair share of rewards.&quot; Since the Prisoner&#39;s Dilemma is used to explain biological phenomena, it raised the question: Does evolution favor jerks?</div>
<div>
	&nbsp;</div>
<div>
	The article says that Michigan State University microbiology and molecular genetics professor Christoph Adami and his research associate Arend Hintze immediately had doubts about whether ZD strategies could prove that evolution favors the selfish over the cooperative.</div>
<div>
	&nbsp;</div>
<div>
	In a paper published on August 9 in Nature Communications, they argue that according to their simulations, ZD strategies aren&#39;t evolutionarily stable, and that eventually, selfish players would have to become cooperative to survive. &quot;We found evolution will punish you if you&#39;re selfish and mean,&quot; Adami said in a press statement.</div>
<div>
	<em>(The Economic Times)</em></div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2014-01-20',
			'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' => 'So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.',
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		'Article' => array(
			'id' => '2372',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 44',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
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			'description' => 'Visual Edit',
			'sortorder' => '2214',
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			'id' => '2366',
			'article_category_id' => '140',
			'title' => 'Online Building Permit From Mid-January',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. &ldquo;At present the land registration process takes nearly six months,&rdquo; he said, &ldquo;after the online system is implemented, it will take just about 15 days.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He added that the online permit system will take away the trouble of visiting the land registration office. The government has already implemented the online permit system in certain wards of the Kathmandu Metropolis and Lalitpur Sub-metropolis.</div>
<div>
	&nbsp;</div>
<div>
	Secretary at the MoUD, Kishore Thapa, told The Corporate that the online permit system will be gradually implemented across the country once it becomes successful in the Kathmandu Valley. The Kathmandu Metropolis has implemented this project as a pilot project in certain wards. As all wards of Kathmandu Metropolis are connected with the Internet, officials at the MoUD hope that the project will be successful.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;All [municipal and VDC] wards should be connected with electricity and Internet,&rdquo; Thapa said, &ldquo;Online building permit system can be implemented if all places are connected with electricity and Internet.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Once there is an agreement between the seller and buyer of a piece of land, an electronic copy of the map of the land will be sent to the concerned government office through online. Then the land will be registered in the name of the buyer. One the service seekers bring their file to the concerned government office, they can monitor the land registration process online.</div>',
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			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. “At present the land registration process takes nearly six months,” he said, “after the online system is implemented, it will take just about 15 days.”',
			'sortorder' => '2213',
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			'id' => '2370',
			'article_category_id' => '144',
			'title' => 'The Shift In Nepali Agriculture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The National Agriculture Census 2011/12 has shown that Nepal&rsquo;s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares. Similarly, the Census has revealed that the number of households involved in vegetable farming has nearly doubled to 1.931 million from 977,000 in 2001-02. This means several things simultaneously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	First, there is a growing interest of farmers in vegetable farming and cash crops. It is encouraging in terms of both food security and higher purchasing power of farmers. Growing fruits and vegetables is a much more profitable activity than the farming of cereals. The argument that the trend of famers shifting towards vegetables and other cash crops might have negative impacts on the country&rsquo;s food security doesn&rsquo;t hold much water. According to the Food and Agriculture Organization of the United Nations, people have food security when they are able to grow enough food or buy enough food to meet their daily needs for an active, healthy life. Vegetables and other cash crops are more lucrative anyway and farmers engaged in such type of farming always have the option of buying rice, wheat or maize by selling vegetables.</div>
<div>
	&nbsp;</div>
<div>
	Second, this trend also helps in boosting food diversification in the country and lowering the imports of vegetables which are high-value crops. Vegetables have tremendous market potential now and in the future as well. This also means there is huge scope for corporate investment in vegetable farming. Only big investments from the corporate sector can ensure large-scale commercialized vegetable farming in the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Third, this trend needs to be encouraged. The donor community as well as the private sector in Nepal has been concentrating on the production of high-value vegetable crops. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has already implemented the concept of &ldquo;one village, one product&rdquo; in several districts. The farming of fruits and vegetables is particularly being promoted through this concept. Nepal&rsquo;s hilly areas which have access to irrigation are particularly suitable for vegetable farming. According to experts, farmers can grow vegetables for up to five cycles in a year compared to the two cycles of cereal farming. Also, farmers growing vegetables don&rsquo;t have to worry about market as vegetables sell easily in the market and have in fact become &ldquo;quick and guaranteed returns&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Another important revelation of the Census is that Nepal&rsquo;s agriculture has made some progress in terms of farm mechanization. The census shows that a good 22.04 percent farm households use tractors to plough their farmlands while 20.96 percent use threshers to harvest the food grains. This is a good progress as compared to the previous agriculture census of 2001/02. The previous Census showed that the percentage of farm households using tractors and threshers was less than 10 percent of the total holdings. Similarly, around 14.30 percent farm households have reported using pumping sets or motors for irrigation.</div>
<div>
	&nbsp;</div>
<div>
	The progress in farm mechanization is good but it&rsquo;s not enough. Nevertheless, we should feel happy that farm mechanization has increased without any encouragement from the government. This shows that the Nepali farmers are responsive to change in the market forces. On its part, the government should introduce suitable policies offering tax exemption on the import of agricultural tools and equipment. If possible, it should also provide grants in the case of high-price equipment. Similarly, the government should implement policies to facilitate agro loans. The process of sanctioning agro-loans should be made easy and hassle-free. Agro loans must be made cheaper. At present, a farmer has to pay up to 16 per cent interest on loans to buy tractors whereas a car loan comes at an interest rate of six percent. Such discrepancies should be removed. The government and the central bank should work on this.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 National Agriculture Census 2011/12 has shown that Nepal’s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares.',
			'sortorder' => '2212',
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		'Article' => array(
			'id' => '2369',
			'article_category_id' => '140',
			'title' => 'Nepal Political Economic News In Brief (30 December - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>HLPC Formalizes Four-point Deal</strong></span></div>
<div>
	A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>18 Parties Agree to Join CA</strong></span></div>
<div>
	Eighteen political parties including the UCPN (Maoist) have decided to join the newly elected Constituent Assembly (CA) after the three major parties &ndash; Nepali Congress (NC), CPN (UML) AND UCPN (Maoist) reached a four-point deal on December 24. A meeting of 18 political parties held at the UCPN (M) headquarters at Parisdanda agreed to participate in the CA arguing that the NC and UML had accepted their demands. Talking to media persons after the meeting, UCPN(Maoist) Spokesperson Agni Prasad Sapkota said they decided to be a part of the new CA after the NC and UML agreed to address their demands.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>PR List Submission Deadline Extended by Five Days&nbsp;</strong></span></div>
<div>
	The Election Commission (EC) on December 25 extended the deadline for submission of names of winning candidates under the proportional representation (PR) system by five more days. This is the third deadline extension by the constitutional body upon the request of the political parties. Parties now have to submit their PR lists by December 30. Top leaders of the major political parties had reached the EC on Dec 23 asking for the deadline extension after signing the four-point agreement.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Govt and CA Meet Soon: Regmi</strong></span></div>
<div>
	Chairman of the Council of Ministers, Khil Raj Regmi has said that the formation of the Constituent Assembly (CA) and a new government will take place soon. Addressing a programme in the Capital on December 25, Chairman Regmi said that the first session of the CA and the process of forming a new elected government will begin soon. &ldquo;I&rsquo;m confident that the new session of CA will begin soon, so will be the task of forming a new government and promulgating a new constitution,&rdquo; Regmi said. &ldquo;Now we should invest our skills and labor for development, peace and socio-economic transformation of the country,&rdquo; remarked Regmi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&rsquo;s Unconditional Support to NC-led Govt</strong></span></div>
<div>
	Former finance minister and leader of the UCPN (Maoist) Barshaman Pun has said that his party will extend unconditional support to the next government to be led by the Nepali Congress. He, however, said that his party will not participate in the new government to be formed. &ldquo;We will play a constructive role of an opposition party inside the Constituent Assembly. We will not engage in the game of changing the government. Our focus will be on promulgating the new constitution within a year,&rdquo; Pun said, speaking at a programme in the Capital on December 25.</div>',
			'published' => true,
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			'description' => 'A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process',
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			'id' => '2368',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gearing Revenue Mobilisation</strong></span></div>
<div>
	Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers&rsquo; Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target. He also motivated them to fully utilise the time of mid-December to mid-January as this period is the time to collect more revenue in the country. &ldquo;Don&rsquo;t lose your professionalism thinking that the current government will be gone soon. The revenue collection target will be same whoever comes as the finance minister,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Funds Agri-Development</strong></span></div>
<div>
	The World Bank (WB) has approved US$ 150 million for two projects designed to help improve connectivity and raise agricultural productivity across 33 districts. The project titled &ldquo;Strengthening the National Rural Transport Programme&rdquo;, which has received USD 100 million intends to enhance the availability and reliability of transport connectivity in 33 districts. They are Arghakhanchi, Banke, Bara, Bardia, Bhojpur, Dang, Dhading, Dhanusha, Gulmi, Kailali, Kanchanpur, Kapilvastu, Kaski, Mahottari, Makwanpur, Nawalparasi, Nuwakot, Palpa, Parsa, Pyuthan, Rasuwa, Rautahat, Rupandehi, Salyan, Sakhuwasabha, Saptari, Sarlahi, Siraha, Surkhet, Syangja, Tanahu, Tehrathum and Udaypur, according to a press statement from the Bank. Similarly, the Irrigation and Water Resources Management Project, which is under implementation since December 2007 has received US$ 50 million. The assistance will help rehabilitate 80 additional farmer-managed irrigation schemes (FMIS) in 40 districts of the Western, Mid-Western and Far-Western Regions of Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Load-shedding for Half the Day</strong></span></div>
<div>
	Energy Minister Umakanta Jha has said the load-shedding time will not exceed 12 hours a day this winter. Talking to journalists at Bharatpur on December 25, Jha said the country witnessed 15-hour power outage a day last winter. &ldquo;But, this time it will be limited to 12 hours a day,&rdquo; said Minister Jha who had reached there to inspect the Narayani river embankment. He added that the government was preparing to import 200 MW of electricity from India to keep the load-shedding duration below 12 hours a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Biratnagar Golchha Office Gutted</strong></span></div>
<div>
	An estimated property worth over Rs. 50 million was destroyed when the Biratnagar office of Golchha Organisation caught fire on December 26. It took firefighters one and a half hours to douse the fire which was detected at around 9 in the morning. According to sources, the fire was caused by a short circuit in the third floor of the building that housed the account section of the office. The fire is said to have destroyed office equipment, furniture and important records of the office. There was human casualty.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Far-west Industrial Trade Fair</strong></span></div>
<div>
	With the aim of promoting industrial and economic development of the Far-western Development Region, a 10-day &lsquo;Far-West Industrial Trade Fair&rsquo; is going to be organized in Mahendranagar from January 10, 2014. The Fair will feature 150 stalls of various products from various districts of Far-West. The Fair is being organised with support from the ministries of agriculture development, commerce and supplies, Bhimduttanagar Municipality and the private sector. The organisers expect over 150,000 visitors and a transaction of over Rs 120 million during the fair.</div>',
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			'description' => 'Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers’ Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target',
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			'id' => '2367',
			'article_category_id' => '140',
			'title' => '‘Sushil Koirala  To Lead New Govt’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party&rsquo;s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.</div>
<div>
	&nbsp;</div>
<div>
	Speaking at an interaction program in Kathmandu on December 27, Badu also made it clear that there was no dispute inside the NC about Koirala leading the new government.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We will try to form a consensus government by bringing all major political parties on board. If this does not happen, a majority government will be formed,&rdquo; said Badu.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UCPN (Maoist leaders have already said to extend unconditional support to a NC-led government.</div>',
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			'description' => 'Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party’s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.',
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			'id' => '2371',
			'article_category_id' => '105',
			'title' => 'Labour Problems',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In the recently held high-level meeting of the Inter Governmental Committee (IGC) between &nbsp;Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Secretary: &lsquo;Labour problems in our nation produce hundreds of tensions for us.&rsquo;</div>
<div>
	&nbsp;</div>
<div>
	Indian Secretary: &lsquo;Even serious for us. Labour problems in our nation produce 50,000 babies every day.&rsquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-ML</strong></div>
<div>
	&nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'In the recently held high-level meeting of the Inter Governmental Committee (IGC) between  Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.',
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	(int) 1 => array(
		'Article' => array(
			'id' => '2379',
			'article_category_id' => '111',
			'title' => 'Top Ten Gainers (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
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			'description' => 'Top Ten Gainers',
			'sortorder' => '2222',
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		'Article' => array(
			'id' => '2377',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2221',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '2378',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2220',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '2376',
			'article_category_id' => '109',
			'title' => 'Century Commercial Bank Readies For IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, &nbsp;Agriculture Development Bank has issued highest number of shares in the country&#39;s stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. &nbsp;The bank currently has Rs 1.08 billion paid up capital. The bank&#39;s CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account&nbsp;</strong></span></div>
<div>
	Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched &#39;IPO Saving Deposit Account.&#39; The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. &quot;The account can be opened with a minimum deposit of Rs 1,000,&quot; reads the statement. The statement informed that the depositors will be able to invest in the bank&#39;s IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now,  Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.',
			'sortorder' => '2219',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '2375',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>TU Holds 39th Convocation Ceremony&nbsp;</strong></span></div>
<div>
	Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.</div>
<div>
	A total of 51 students including 34 from humanities, seven from science and technology, one from law, two from education and seven from management stream received doctorate degree this year. Khil Raj Regmi, Chairman of the Interim Election government and Chancellor of the TU, handed awards to students who excelled in their respective area of study. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Publishes Re-total Result</strong></span></div>
<div>
	The Exam Controller Division of theHigher secondary Education Board (HSEB), Sanothimi, Bhaktapur, published the re-total result of grade 12 Science, of both regular and partial exams, on Friday, 26th December. Students can collecttheir mark sheet after 10 days by producing their original transcript/mark sheet.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Higher Education for Rs 100</strong></span></div>
<div>
	A private school in Bouddha has decided to provide higher education to students for Rs 100 per month. Samata College, an education institution in Bouddha, Kathmandu, will be launching this initiative from this academic session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college launched the scheme with an aim to provide quality education to low-income students. The college, affiliated to Tribhuvan University has formally started its four-year management program and three-year program under humanities faculty. The college was inaugurated on Wednesday, 24th December.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Interview of Secondary Level School Teachers Cancelled</strong></span></div>
<div>
	TSC was scheduled to take the interview of the applicants who passed the written selection exams conducted by it last month. CIAA on Wednesday directed TSC to halt the interview process in response to a complaint that irregularities were committed in the announcement of the results of the written tests. Under-Secretary at TSC, Narayan Bhattarai, said that the commission&rsquo;s employees who were deputed to conduct the tests at different regional education directorates have started returning Kathmandu after the interview was postponed. However, different teachers&rsquo; unions have demanded that TSC go ahead with the interview and only put on hold the interview of the regions where the alleged irregularities have reportedly taken place, rather than postponing the interview in all the regions. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Overhauls Examination System</strong></span></div>
<div>
	Higher Secondary Education Board (HSEB) has brought into use the mark-slip with barcode. Making reforms in the ten plus two examination system, the HSEB has introduced barcode in answer sheet and optical mark reader, said Acting Examination Controller Durga Aryal. He claimed the new system would bring about reform in examination system resolving loopholes seen in the past. Aryal further said students would be provided with registration certificate immediately after scanning their photo and signature used in the registration form of grade 11. It would help check fake students appearing in the examination and preparation of fraud educational certificate, he added. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The HSEB has come up with a plan to use Virtual Private Network system to develop transcript, migration and provisional certificates, which is expected to end the malpractice of making fake certificates. He further informed that the HSEB has introduced computer billing system to manage the income of the institution. Among other reforms brought by the HSEB include early results of the examinations, arrangement of well-equipped printer for print-outs of mark ledger and mark sheets. (RSS)</div>',
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			'description' => 'Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.',
			'sortorder' => '2218',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2374',
			'article_category_id' => '151',
			'title' => 'Leading Business Schools For Management Studies',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">Among the number of business colleges, King&rsquo;s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>King&rsquo;s College</strong></span></div>
<div>
	<img alt="King's College" src="/userfiles/images/lc1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 65px;" />Kings College was established in 2003 as an A level institution. The college later developed into an institution of higher learning in 2009. Kings College aims to provide world-class education to Nepali youth here in Nepal that too at an affordable cost. With a team of committed educators, academicians and professionals at the helm, the college has undergone a complete transformation in terms of structure and quality as well as systems and processes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college offers Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) programs in affiliation with the International American University (IAU), USA. The college offers a modern western education in Nepal with international brand and quality assurance. Adopting a holistic approach, the college pledges to promote and propagate value-based higher education that blends the best of the East and the West in concepts, applications and life purpose. King&rsquo;s focuses on producing and developing business leaders and entrepreneurial cadres who are ready to solve societal problems through entrepreneurship. General and Entrepreneurship focused MBA degrees are on offer.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Dr Som P Pudasaini, Executive Chairman" src="/userfiles/images/lc2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 247px;" />
					<div>
						<span style="font-size:14px;"><strong>Dr Som P Pudasaini,</strong> Executive Chairman</span></div>
					<div>
						&nbsp;</div>
					<div>
						A business school should be chosen on the basis of three points. First is the quality of education - whether it can assure jobs in Nepal or anywhere else in the world. Second is whether such education comes at a reasonable cost. Most of all, students should choose a college where they think they can be happy, learn in class, play and learn a number of extracurricular activities. King&rsquo;s College has been training its graduates to be capable of working in the real world. Most of the curriculum we are using is international so that our students can be employed outside of Nepal too. King&rsquo;s college tries to help students to be entrepreneurs and managers who can take innovative decisions and at the same time be capable of taking judicious risks.&nbsp;</div>
				</div>
				<div>
					&nbsp;</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<div>
	<div>
		<em>(Kings College has been ranked\awarded the 5th Best Business Schools in Nepal and Best Emerging Business School by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:16px;"><strong>ACE Institute of Management</strong></span></div>
	<div>
		<img alt="ACE Institute of Management" src="/userfiles/images/lc3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 59px;" />Ace Institute of Management is a contemporary, open-minded, conscientious learning center where students at different levels prepare to meet the challenges and opportunities of the 21st century. In its 12-year history, since its inception in 1999, it has established itself as a leading institution that is living its vision of enhancing the capacity of individuals and institutions in Nepal to contribute to the nation&rsquo;s development.</div>
	<div>
		&nbsp;</div>
	<div>
		Ace institute launched the first Executive MBA program in Nepal in 1999, the year of its establishment itself. Its MBA program has acquired a distinguished reputation of being the most rigorous and fulfilling experience. In the undergraduate school, the BBA program is now considered to be one of the best in the country and the graduates of the institute have not only proven to excel in higher academic paths, but are also widely sought in the job market. Similarly, the Ace Higher Secondary School is well-known for its individual centered learning approach. The Centre for Institution and People Development (CIPD), the consulting division of Ace Institute of Management, is another example of the institute&rsquo;s effort in enhancing the capacity of individuals and institutions in Nepal. The launch of Ace A-Level and BBA-Banking and Insurance programs in 2008 is an additional milestone in its continuous endeavor to serve and facilitate learning.</div>
	<div>
		&nbsp;</div>
</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Aashish Tiwari, Director" src="/userfiles/images/lc4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 244px;" />
					<div>
						<div>
							<span style="font-size:14px;"><strong>Aashish Tiwari,</strong> Director</span></div>
						<div>
							&nbsp;</div>
						<div>
							Students should make their decision of choosing a college based on infrastructures, the college&rsquo;s emphasis on practical knowledge and its recognition in the market. These three things are crucial for any college to attract students.</div>
						<div>
							&nbsp;</div>
						<div>
							At Ace, we lay a very strong foundation for the overall development of students. It is not only the intellectual development of the students or the grades that matter. Ace nurtures every student&rsquo;s potential and brings out the best in them. We try to focus on the weaknesses of our students and help them overcome them. Secondly, we treat our students with respect and believe that learning is a lifelong process. We want our students to not just focus on academics, but also experience the real world.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		&nbsp;</div>
	<div>
		<em>(Ace Institute of Management has been ranked\awarded the 3rd Best Business Schools in Nepal by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
</div>
<p>
	&nbsp;</p>',
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			'description' => 'Among the number of business colleges, King’s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.',
			'sortorder' => '2217',
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		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
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			'description' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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		'Article' => array(
			'id' => '2373',
			'article_category_id' => '151',
			'title' => 'New Game Theory Research: Does Evolution Favour Jerks?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The website quotes a study published in Proceeding of the National Academy of Sciences that presented a new breakthrough strategy for the Prisoner&#39;s Dilemma, a classic game theory situation that presents two prisoners with the opportunity to either cooperate or betray each other in exchange for lesser sentences, widely studied as a model for economics, psychology and evolutionary biology.</div>
<div>
	&nbsp;</div>
<div>
	According to the article, using a strategy called zero-determinant, or ZD (meaning that in the mathematical model, the value called the determinant is set to zero), the paper argued that selfish players could be guaranteed to beat cooperative players, enforcing &quot;a unilateral claim to an unfair share of rewards.&quot; Since the Prisoner&#39;s Dilemma is used to explain biological phenomena, it raised the question: Does evolution favor jerks?</div>
<div>
	&nbsp;</div>
<div>
	The article says that Michigan State University microbiology and molecular genetics professor Christoph Adami and his research associate Arend Hintze immediately had doubts about whether ZD strategies could prove that evolution favors the selfish over the cooperative.</div>
<div>
	&nbsp;</div>
<div>
	In a paper published on August 9 in Nature Communications, they argue that according to their simulations, ZD strategies aren&#39;t evolutionarily stable, and that eventually, selfish players would have to become cooperative to survive. &quot;We found evolution will punish you if you&#39;re selfish and mean,&quot; Adami said in a press statement.</div>
<div>
	<em>(The Economic Times)</em></div>',
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			'description' => 'So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.',
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			'id' => '2372',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 44',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
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			'description' => 'Visual Edit',
			'sortorder' => '2214',
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			'article_category_id' => '140',
			'title' => 'Online Building Permit From Mid-January',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. &ldquo;At present the land registration process takes nearly six months,&rdquo; he said, &ldquo;after the online system is implemented, it will take just about 15 days.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He added that the online permit system will take away the trouble of visiting the land registration office. The government has already implemented the online permit system in certain wards of the Kathmandu Metropolis and Lalitpur Sub-metropolis.</div>
<div>
	&nbsp;</div>
<div>
	Secretary at the MoUD, Kishore Thapa, told The Corporate that the online permit system will be gradually implemented across the country once it becomes successful in the Kathmandu Valley. The Kathmandu Metropolis has implemented this project as a pilot project in certain wards. As all wards of Kathmandu Metropolis are connected with the Internet, officials at the MoUD hope that the project will be successful.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;All [municipal and VDC] wards should be connected with electricity and Internet,&rdquo; Thapa said, &ldquo;Online building permit system can be implemented if all places are connected with electricity and Internet.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Once there is an agreement between the seller and buyer of a piece of land, an electronic copy of the map of the land will be sent to the concerned government office through online. Then the land will be registered in the name of the buyer. One the service seekers bring their file to the concerned government office, they can monitor the land registration process online.</div>',
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			'created' => '2013-12-31',
			'modified' => '2013-12-31',
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			'description' => 'The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. “At present the land registration process takes nearly six months,” he said, “after the online system is implemented, it will take just about 15 days.”',
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		'Article' => array(
			'id' => '2370',
			'article_category_id' => '144',
			'title' => 'The Shift In Nepali Agriculture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The National Agriculture Census 2011/12 has shown that Nepal&rsquo;s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares. Similarly, the Census has revealed that the number of households involved in vegetable farming has nearly doubled to 1.931 million from 977,000 in 2001-02. This means several things simultaneously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	First, there is a growing interest of farmers in vegetable farming and cash crops. It is encouraging in terms of both food security and higher purchasing power of farmers. Growing fruits and vegetables is a much more profitable activity than the farming of cereals. The argument that the trend of famers shifting towards vegetables and other cash crops might have negative impacts on the country&rsquo;s food security doesn&rsquo;t hold much water. According to the Food and Agriculture Organization of the United Nations, people have food security when they are able to grow enough food or buy enough food to meet their daily needs for an active, healthy life. Vegetables and other cash crops are more lucrative anyway and farmers engaged in such type of farming always have the option of buying rice, wheat or maize by selling vegetables.</div>
<div>
	&nbsp;</div>
<div>
	Second, this trend also helps in boosting food diversification in the country and lowering the imports of vegetables which are high-value crops. Vegetables have tremendous market potential now and in the future as well. This also means there is huge scope for corporate investment in vegetable farming. Only big investments from the corporate sector can ensure large-scale commercialized vegetable farming in the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Third, this trend needs to be encouraged. The donor community as well as the private sector in Nepal has been concentrating on the production of high-value vegetable crops. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has already implemented the concept of &ldquo;one village, one product&rdquo; in several districts. The farming of fruits and vegetables is particularly being promoted through this concept. Nepal&rsquo;s hilly areas which have access to irrigation are particularly suitable for vegetable farming. According to experts, farmers can grow vegetables for up to five cycles in a year compared to the two cycles of cereal farming. Also, farmers growing vegetables don&rsquo;t have to worry about market as vegetables sell easily in the market and have in fact become &ldquo;quick and guaranteed returns&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Another important revelation of the Census is that Nepal&rsquo;s agriculture has made some progress in terms of farm mechanization. The census shows that a good 22.04 percent farm households use tractors to plough their farmlands while 20.96 percent use threshers to harvest the food grains. This is a good progress as compared to the previous agriculture census of 2001/02. The previous Census showed that the percentage of farm households using tractors and threshers was less than 10 percent of the total holdings. Similarly, around 14.30 percent farm households have reported using pumping sets or motors for irrigation.</div>
<div>
	&nbsp;</div>
<div>
	The progress in farm mechanization is good but it&rsquo;s not enough. Nevertheless, we should feel happy that farm mechanization has increased without any encouragement from the government. This shows that the Nepali farmers are responsive to change in the market forces. On its part, the government should introduce suitable policies offering tax exemption on the import of agricultural tools and equipment. If possible, it should also provide grants in the case of high-price equipment. Similarly, the government should implement policies to facilitate agro loans. The process of sanctioning agro-loans should be made easy and hassle-free. Agro loans must be made cheaper. At present, a farmer has to pay up to 16 per cent interest on loans to buy tractors whereas a car loan comes at an interest rate of six percent. Such discrepancies should be removed. The government and the central bank should work on this.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 National Agriculture Census 2011/12 has shown that Nepal’s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares.',
			'sortorder' => '2212',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2369',
			'article_category_id' => '140',
			'title' => 'Nepal Political Economic News In Brief (30 December - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>HLPC Formalizes Four-point Deal</strong></span></div>
<div>
	A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>18 Parties Agree to Join CA</strong></span></div>
<div>
	Eighteen political parties including the UCPN (Maoist) have decided to join the newly elected Constituent Assembly (CA) after the three major parties &ndash; Nepali Congress (NC), CPN (UML) AND UCPN (Maoist) reached a four-point deal on December 24. A meeting of 18 political parties held at the UCPN (M) headquarters at Parisdanda agreed to participate in the CA arguing that the NC and UML had accepted their demands. Talking to media persons after the meeting, UCPN(Maoist) Spokesperson Agni Prasad Sapkota said they decided to be a part of the new CA after the NC and UML agreed to address their demands.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>PR List Submission Deadline Extended by Five Days&nbsp;</strong></span></div>
<div>
	The Election Commission (EC) on December 25 extended the deadline for submission of names of winning candidates under the proportional representation (PR) system by five more days. This is the third deadline extension by the constitutional body upon the request of the political parties. Parties now have to submit their PR lists by December 30. Top leaders of the major political parties had reached the EC on Dec 23 asking for the deadline extension after signing the four-point agreement.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Govt and CA Meet Soon: Regmi</strong></span></div>
<div>
	Chairman of the Council of Ministers, Khil Raj Regmi has said that the formation of the Constituent Assembly (CA) and a new government will take place soon. Addressing a programme in the Capital on December 25, Chairman Regmi said that the first session of the CA and the process of forming a new elected government will begin soon. &ldquo;I&rsquo;m confident that the new session of CA will begin soon, so will be the task of forming a new government and promulgating a new constitution,&rdquo; Regmi said. &ldquo;Now we should invest our skills and labor for development, peace and socio-economic transformation of the country,&rdquo; remarked Regmi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&rsquo;s Unconditional Support to NC-led Govt</strong></span></div>
<div>
	Former finance minister and leader of the UCPN (Maoist) Barshaman Pun has said that his party will extend unconditional support to the next government to be led by the Nepali Congress. He, however, said that his party will not participate in the new government to be formed. &ldquo;We will play a constructive role of an opposition party inside the Constituent Assembly. We will not engage in the game of changing the government. Our focus will be on promulgating the new constitution within a year,&rdquo; Pun said, speaking at a programme in the Capital on December 25.</div>',
			'published' => true,
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			'description' => 'A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process',
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		'Article' => array(
			'id' => '2368',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gearing Revenue Mobilisation</strong></span></div>
<div>
	Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers&rsquo; Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target. He also motivated them to fully utilise the time of mid-December to mid-January as this period is the time to collect more revenue in the country. &ldquo;Don&rsquo;t lose your professionalism thinking that the current government will be gone soon. The revenue collection target will be same whoever comes as the finance minister,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Funds Agri-Development</strong></span></div>
<div>
	The World Bank (WB) has approved US$ 150 million for two projects designed to help improve connectivity and raise agricultural productivity across 33 districts. The project titled &ldquo;Strengthening the National Rural Transport Programme&rdquo;, which has received USD 100 million intends to enhance the availability and reliability of transport connectivity in 33 districts. They are Arghakhanchi, Banke, Bara, Bardia, Bhojpur, Dang, Dhading, Dhanusha, Gulmi, Kailali, Kanchanpur, Kapilvastu, Kaski, Mahottari, Makwanpur, Nawalparasi, Nuwakot, Palpa, Parsa, Pyuthan, Rasuwa, Rautahat, Rupandehi, Salyan, Sakhuwasabha, Saptari, Sarlahi, Siraha, Surkhet, Syangja, Tanahu, Tehrathum and Udaypur, according to a press statement from the Bank. Similarly, the Irrigation and Water Resources Management Project, which is under implementation since December 2007 has received US$ 50 million. The assistance will help rehabilitate 80 additional farmer-managed irrigation schemes (FMIS) in 40 districts of the Western, Mid-Western and Far-Western Regions of Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Load-shedding for Half the Day</strong></span></div>
<div>
	Energy Minister Umakanta Jha has said the load-shedding time will not exceed 12 hours a day this winter. Talking to journalists at Bharatpur on December 25, Jha said the country witnessed 15-hour power outage a day last winter. &ldquo;But, this time it will be limited to 12 hours a day,&rdquo; said Minister Jha who had reached there to inspect the Narayani river embankment. He added that the government was preparing to import 200 MW of electricity from India to keep the load-shedding duration below 12 hours a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Biratnagar Golchha Office Gutted</strong></span></div>
<div>
	An estimated property worth over Rs. 50 million was destroyed when the Biratnagar office of Golchha Organisation caught fire on December 26. It took firefighters one and a half hours to douse the fire which was detected at around 9 in the morning. According to sources, the fire was caused by a short circuit in the third floor of the building that housed the account section of the office. The fire is said to have destroyed office equipment, furniture and important records of the office. There was human casualty.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Far-west Industrial Trade Fair</strong></span></div>
<div>
	With the aim of promoting industrial and economic development of the Far-western Development Region, a 10-day &lsquo;Far-West Industrial Trade Fair&rsquo; is going to be organized in Mahendranagar from January 10, 2014. The Fair will feature 150 stalls of various products from various districts of Far-West. The Fair is being organised with support from the ministries of agriculture development, commerce and supplies, Bhimduttanagar Municipality and the private sector. The organisers expect over 150,000 visitors and a transaction of over Rs 120 million during the fair.</div>',
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			'description' => 'Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers’ Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target',
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			'id' => '2367',
			'article_category_id' => '140',
			'title' => '‘Sushil Koirala  To Lead New Govt’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party&rsquo;s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.</div>
<div>
	&nbsp;</div>
<div>
	Speaking at an interaction program in Kathmandu on December 27, Badu also made it clear that there was no dispute inside the NC about Koirala leading the new government.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We will try to form a consensus government by bringing all major political parties on board. If this does not happen, a majority government will be formed,&rdquo; said Badu.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UCPN (Maoist leaders have already said to extend unconditional support to a NC-led government.</div>',
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			'description' => 'Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party’s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.',
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			'id' => '2371',
			'article_category_id' => '105',
			'title' => 'Labour Problems',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In the recently held high-level meeting of the Inter Governmental Committee (IGC) between &nbsp;Nepal and India the Commerce Secretaries of both the countries were in a conversation on the dinner table.</div>
<div>
	&nbsp;</div>
<div>
	Nepali Secretary: &lsquo;Labour problems in our nation produce hundreds of tensions for us.&rsquo;</div>
<div>
	&nbsp;</div>
<div>
	Indian Secretary: &lsquo;Even serious for us. Labour problems in our nation produce 50,000 babies every day.&rsquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;-ML</strong></div>
<div>
	&nbsp; &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'Weekly Gold And Silver Price',
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		'Article' => array(
			'id' => '2378',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => '2220',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '2376',
			'article_category_id' => '109',
			'title' => 'Century Commercial Bank Readies For IPO',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now, &nbsp;Agriculture Development Bank has issued highest number of shares in the country&#39;s stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public. After the IPO, the paid up capital of the bank will rise to Rs 2 billion. &nbsp;The bank currently has Rs 1.08 billion paid up capital. The bank&#39;s CEO, Ganesh Kumar Shrestha informed that a meeting of directors will decide the share issuance date as the bank received permission only on Thursday mid-day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to official data, cash deposit at Century Commercial Bank totaled Rs 14.24 billion by last Wednesday. Similarly, loans and investments reached Rs 11.50 billion and the bank reserves accumulated to Rs 140 million. Likewise, Non Performing Loan (NPL) was recorded at 0.63 per cent. By the end of October, operating profit of the bank was Rs 37.60 million and net profit was Rs 23.90 million. After the IPO, the capital structure of the bank will be 54 per cent from promoter shares and remaining 46 per cent from public shares. Currently, Century Commercial Bank is providing financial services to its customers from 31 branches across the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>6% Interest in IPO Saving Deposit Account&nbsp;</strong></span></div>
<div>
	Immediately after receiving share issuance confirmation from SEBON, Century Commercial bank has launched &#39;IPO Saving Deposit Account.&#39; The bank in a press statement said that it will provide interest at the rate of 6.25 per cent per annum to the depositors. &quot;The account can be opened with a minimum deposit of Rs 1,000,&quot; reads the statement. The statement informed that the depositors will be able to invest in the bank&#39;s IPO through the account. Similarly, the bank will deposit dividend amounts directly into the accounts of shareholders.&nbsp;</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Century Commercial Bank is all set for initial public offering (IPO) by Poush (January 2014). Securities Board of Nepal (SEBON), on 26th December, Thursday, granted permission to the bank for IPO. The bank will issue highest number of shares to the general public among private banks. Until now,  Agriculture Development Bank has issued highest number of shares in the country's stock market. Century Commercial Bank plans to float primary shares worth Rs 920 million to the public.',
			'sortorder' => '2219',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '2375',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief (30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>TU Holds 39th Convocation Ceremony&nbsp;</strong></span></div>
<div>
	Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.</div>
<div>
	A total of 51 students including 34 from humanities, seven from science and technology, one from law, two from education and seven from management stream received doctorate degree this year. Khil Raj Regmi, Chairman of the Interim Election government and Chancellor of the TU, handed awards to students who excelled in their respective area of study. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Publishes Re-total Result</strong></span></div>
<div>
	The Exam Controller Division of theHigher secondary Education Board (HSEB), Sanothimi, Bhaktapur, published the re-total result of grade 12 Science, of both regular and partial exams, on Friday, 26th December. Students can collecttheir mark sheet after 10 days by producing their original transcript/mark sheet.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Higher Education for Rs 100</strong></span></div>
<div>
	A private school in Bouddha has decided to provide higher education to students for Rs 100 per month. Samata College, an education institution in Bouddha, Kathmandu, will be launching this initiative from this academic session.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college launched the scheme with an aim to provide quality education to low-income students. The college, affiliated to Tribhuvan University has formally started its four-year management program and three-year program under humanities faculty. The college was inaugurated on Wednesday, 24th December.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Interview of Secondary Level School Teachers Cancelled</strong></span></div>
<div>
	TSC was scheduled to take the interview of the applicants who passed the written selection exams conducted by it last month. CIAA on Wednesday directed TSC to halt the interview process in response to a complaint that irregularities were committed in the announcement of the results of the written tests. Under-Secretary at TSC, Narayan Bhattarai, said that the commission&rsquo;s employees who were deputed to conduct the tests at different regional education directorates have started returning Kathmandu after the interview was postponed. However, different teachers&rsquo; unions have demanded that TSC go ahead with the interview and only put on hold the interview of the regions where the alleged irregularities have reportedly taken place, rather than postponing the interview in all the regions. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>HSEB Overhauls Examination System</strong></span></div>
<div>
	Higher Secondary Education Board (HSEB) has brought into use the mark-slip with barcode. Making reforms in the ten plus two examination system, the HSEB has introduced barcode in answer sheet and optical mark reader, said Acting Examination Controller Durga Aryal. He claimed the new system would bring about reform in examination system resolving loopholes seen in the past. Aryal further said students would be provided with registration certificate immediately after scanning their photo and signature used in the registration form of grade 11. It would help check fake students appearing in the examination and preparation of fraud educational certificate, he added. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The HSEB has come up with a plan to use Virtual Private Network system to develop transcript, migration and provisional certificates, which is expected to end the malpractice of making fake certificates. He further informed that the HSEB has introduced computer billing system to manage the income of the institution. Among other reforms brought by the HSEB include early results of the examinations, arrangement of well-equipped printer for print-outs of mark ledger and mark sheets. (RSS)</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
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			'description' => 'Tribhuvan University (TU) organized its 39th convocation ceremony on Friday, 27th December at the Dashrath Stadium in capital. Around 6,722 students from various streams including humanities and social sciences, education, science and technology, forestry, that were included in the grace participated in the convocation.',
			'sortorder' => '2218',
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	(int) 6 => array(
		'Article' => array(
			'id' => '2374',
			'article_category_id' => '151',
			'title' => 'Leading Business Schools For Management Studies',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;">Among the number of business colleges, King&rsquo;s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>King&rsquo;s College</strong></span></div>
<div>
	<img alt="King's College" src="/userfiles/images/lc1%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 65px;" />Kings College was established in 2003 as an A level institution. The college later developed into an institution of higher learning in 2009. Kings College aims to provide world-class education to Nepali youth here in Nepal that too at an affordable cost. With a team of committed educators, academicians and professionals at the helm, the college has undergone a complete transformation in terms of structure and quality as well as systems and processes.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The college offers Bachelor of Business Administration (BBA) and Master of Business Administration (MBA) programs in affiliation with the International American University (IAU), USA. The college offers a modern western education in Nepal with international brand and quality assurance. Adopting a holistic approach, the college pledges to promote and propagate value-based higher education that blends the best of the East and the West in concepts, applications and life purpose. King&rsquo;s focuses on producing and developing business leaders and entrepreneurial cadres who are ready to solve societal problems through entrepreneurship. General and Entrepreneurship focused MBA degrees are on offer.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Dr Som P Pudasaini, Executive Chairman" src="/userfiles/images/lc2%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 247px;" />
					<div>
						<span style="font-size:14px;"><strong>Dr Som P Pudasaini,</strong> Executive Chairman</span></div>
					<div>
						&nbsp;</div>
					<div>
						A business school should be chosen on the basis of three points. First is the quality of education - whether it can assure jobs in Nepal or anywhere else in the world. Second is whether such education comes at a reasonable cost. Most of all, students should choose a college where they think they can be happy, learn in class, play and learn a number of extracurricular activities. King&rsquo;s College has been training its graduates to be capable of working in the real world. Most of the curriculum we are using is international so that our students can be employed outside of Nepal too. King&rsquo;s college tries to help students to be entrepreneurs and managers who can take innovative decisions and at the same time be capable of taking judicious risks.&nbsp;</div>
				</div>
				<div>
					&nbsp;</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	&nbsp;</div>
<div>
	<div>
		<em>(Kings College has been ranked\awarded the 5th Best Business Schools in Nepal and Best Emerging Business School by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:16px;"><strong>ACE Institute of Management</strong></span></div>
	<div>
		<img alt="ACE Institute of Management" src="/userfiles/images/lc3%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 250px; height: 59px;" />Ace Institute of Management is a contemporary, open-minded, conscientious learning center where students at different levels prepare to meet the challenges and opportunities of the 21st century. In its 12-year history, since its inception in 1999, it has established itself as a leading institution that is living its vision of enhancing the capacity of individuals and institutions in Nepal to contribute to the nation&rsquo;s development.</div>
	<div>
		&nbsp;</div>
	<div>
		Ace institute launched the first Executive MBA program in Nepal in 1999, the year of its establishment itself. Its MBA program has acquired a distinguished reputation of being the most rigorous and fulfilling experience. In the undergraduate school, the BBA program is now considered to be one of the best in the country and the graduates of the institute have not only proven to excel in higher academic paths, but are also widely sought in the job market. Similarly, the Ace Higher Secondary School is well-known for its individual centered learning approach. The Centre for Institution and People Development (CIPD), the consulting division of Ace Institute of Management, is another example of the institute&rsquo;s effort in enhancing the capacity of individuals and institutions in Nepal. The launch of Ace A-Level and BBA-Banking and Insurance programs in 2008 is an additional milestone in its continuous endeavor to serve and facilitate learning.</div>
	<div>
		&nbsp;</div>
</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<img alt="Aashish Tiwari, Director" src="/userfiles/images/lc4%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 200px; height: 244px;" />
					<div>
						<div>
							<span style="font-size:14px;"><strong>Aashish Tiwari,</strong> Director</span></div>
						<div>
							&nbsp;</div>
						<div>
							Students should make their decision of choosing a college based on infrastructures, the college&rsquo;s emphasis on practical knowledge and its recognition in the market. These three things are crucial for any college to attract students.</div>
						<div>
							&nbsp;</div>
						<div>
							At Ace, we lay a very strong foundation for the overall development of students. It is not only the intellectual development of the students or the grades that matter. Ace nurtures every student&rsquo;s potential and brings out the best in them. We try to focus on the weaknesses of our students and help them overcome them. Secondly, we treat our students with respect and believe that learning is a lifelong process. We want our students to not just focus on academics, but also experience the real world.</div>
					</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<div>
		&nbsp;</div>
	<div>
		<em>(Ace Institute of Management has been ranked\awarded the 3rd Best Business Schools in Nepal by National Business Schools Rating-Ranking Awards, 2013 organised by New Business Age.)</em></div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Among the number of business colleges, King’s College and Ace Institute of Management are the two leading colleges in the Kathmandu city which are providing their best in management education for the students who want to pursue their career further in business sector. And with that, these colleges are also providing GCE A-level which is an advanced level General Certificate of Education.',
			'sortorder' => '2217',
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	(int) 7 => array(
		'Article' => array(
			'id' => '2364',
			'article_category_id' => '139',
			'title' => 'Nepal And The World News In Brief ( 30 December 2013 - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Japan Close to Escape Deflation</strong></span></div>
<div>
	Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank&rsquo;s goal of achieving 2% inflation by about 2015.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>China Debt Grows to $4.6 Trillion</strong></span></div>
<div>
	China, the world&rsquo;s second-largest economy has been struggling to arrest local government debt -- the result of easy credit and round after round of stimulus. The Chinese Academy of Social Sciences estimates local government debt reached 19.94 trillion yuan ($3.3 trillion) by the end of 2012. Local government debt accounts for most of total government debt, which is expected to have hit 27.7 trillion yuan ($4.56 trillion), or roughly 53% GDP.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>France &lsquo;to Avoid Double-Dip Recession&rsquo;</strong></span></div>
<div>
	France will avoid a recession this year, according to the country&rsquo;s statistics body. INSEE said the economy will grow 0.4% in the last three months of the year, after contracting 0.1% in the third quarter. The body predicted growth of 0.2% for the whole of 2013. France was last in recession in the first quarter of this year.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>India to be World&rsquo;s 3rd Largest Economy by 2028</strong></span></div>
<div>
	India is likely to overtake Japan in 2028 to become the third largest economy in the world after China and the US, according to London-based economic consultancy Cebr. According to Cebr&rsquo;s World Economic League table report for 2013, India has lost a place in the league table in 2013 to Canada and is now the 11th largest economy in the world.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Barclays Fined Over Data Loss</strong></span></div>
<div>
	British banking giant Barclays has been fined $3.75 million by a US regulator for allegedly failing to keep proper electronic records, emails and instant messages. The shortcomings occurred between 2002 and 2012, said the Financial Industry Regulatory Authority (Finra). Finra said the bank failed to preserve data detailing its orders, confirmation of trades, records of accounts and other information.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Japanese consumer prices have risen at the fastest pace in five years, showing government policies to end its deflation problem may be taking effect. Core inflation excluding food rose 1.2% in November from the previous year, surpassing market expectations. Japan is now more than half-way towards meeting the central bank’s goal of achieving 2% inflation by about 2015.',
			'sortorder' => '2216',
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	(int) 8 => array(
		'Article' => array(
			'id' => '2373',
			'article_category_id' => '151',
			'title' => 'New Game Theory Research: Does Evolution Favour Jerks?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The website quotes a study published in Proceeding of the National Academy of Sciences that presented a new breakthrough strategy for the Prisoner&#39;s Dilemma, a classic game theory situation that presents two prisoners with the opportunity to either cooperate or betray each other in exchange for lesser sentences, widely studied as a model for economics, psychology and evolutionary biology.</div>
<div>
	&nbsp;</div>
<div>
	According to the article, using a strategy called zero-determinant, or ZD (meaning that in the mathematical model, the value called the determinant is set to zero), the paper argued that selfish players could be guaranteed to beat cooperative players, enforcing &quot;a unilateral claim to an unfair share of rewards.&quot; Since the Prisoner&#39;s Dilemma is used to explain biological phenomena, it raised the question: Does evolution favor jerks?</div>
<div>
	&nbsp;</div>
<div>
	The article says that Michigan State University microbiology and molecular genetics professor Christoph Adami and his research associate Arend Hintze immediately had doubts about whether ZD strategies could prove that evolution favors the selfish over the cooperative.</div>
<div>
	&nbsp;</div>
<div>
	In a paper published on August 9 in Nature Communications, they argue that according to their simulations, ZD strategies aren&#39;t evolutionarily stable, and that eventually, selfish players would have to become cooperative to survive. &quot;We found evolution will punish you if you&#39;re selfish and mean,&quot; Adami said in a press statement.</div>
<div>
	<em>(The Economic Times)</em></div>',
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			'modified' => '2014-01-20',
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			'description' => 'So you believe in winning at all costs, even screwing fellow colleagues to get ahead in life? Well you may be in a bit of shock. An article in Popsi.com says although the selfish can survive for a while, but according to new game theory research, long-term survival requires cooperation.',
			'sortorder' => '2215',
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	(int) 9 => array(
		'Article' => array(
			'id' => '2372',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 44',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Visual Edit',
			'sortorder' => '2214',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '2366',
			'article_category_id' => '140',
			'title' => 'Online Building Permit From Mid-January',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. &ldquo;At present the land registration process takes nearly six months,&rdquo; he said, &ldquo;after the online system is implemented, it will take just about 15 days.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	He added that the online permit system will take away the trouble of visiting the land registration office. The government has already implemented the online permit system in certain wards of the Kathmandu Metropolis and Lalitpur Sub-metropolis.</div>
<div>
	&nbsp;</div>
<div>
	Secretary at the MoUD, Kishore Thapa, told The Corporate that the online permit system will be gradually implemented across the country once it becomes successful in the Kathmandu Valley. The Kathmandu Metropolis has implemented this project as a pilot project in certain wards. As all wards of Kathmandu Metropolis are connected with the Internet, officials at the MoUD hope that the project will be successful.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;All [municipal and VDC] wards should be connected with electricity and Internet,&rdquo; Thapa said, &ldquo;Online building permit system can be implemented if all places are connected with electricity and Internet.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Once there is an agreement between the seller and buyer of a piece of land, an electronic copy of the map of the land will be sent to the concerned government office through online. Then the land will be registered in the name of the buyer. One the service seekers bring their file to the concerned government office, they can monitor the land registration process online.</div>',
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			'description' => 'The government is preparing to implement online building permit from mid-January, 2014. According to Suresh Prakash Acharya, spokesperson for the Ministry of Urban Development (MoUD), the decision to implement online permit will minimize the hassles seen in the landownership registration process. “At present the land registration process takes nearly six months,” he said, “after the online system is implemented, it will take just about 15 days.”',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2370',
			'article_category_id' => '144',
			'title' => 'The Shift In Nepali Agriculture',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	The National Agriculture Census 2011/12 has shown that Nepal&rsquo;s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares. Similarly, the Census has revealed that the number of households involved in vegetable farming has nearly doubled to 1.931 million from 977,000 in 2001-02. This means several things simultaneously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	First, there is a growing interest of farmers in vegetable farming and cash crops. It is encouraging in terms of both food security and higher purchasing power of farmers. Growing fruits and vegetables is a much more profitable activity than the farming of cereals. The argument that the trend of famers shifting towards vegetables and other cash crops might have negative impacts on the country&rsquo;s food security doesn&rsquo;t hold much water. According to the Food and Agriculture Organization of the United Nations, people have food security when they are able to grow enough food or buy enough food to meet their daily needs for an active, healthy life. Vegetables and other cash crops are more lucrative anyway and farmers engaged in such type of farming always have the option of buying rice, wheat or maize by selling vegetables.</div>
<div>
	&nbsp;</div>
<div>
	Second, this trend also helps in boosting food diversification in the country and lowering the imports of vegetables which are high-value crops. Vegetables have tremendous market potential now and in the future as well. This also means there is huge scope for corporate investment in vegetable farming. Only big investments from the corporate sector can ensure large-scale commercialized vegetable farming in the country. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Third, this trend needs to be encouraged. The donor community as well as the private sector in Nepal has been concentrating on the production of high-value vegetable crops. The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has already implemented the concept of &ldquo;one village, one product&rdquo; in several districts. The farming of fruits and vegetables is particularly being promoted through this concept. Nepal&rsquo;s hilly areas which have access to irrigation are particularly suitable for vegetable farming. According to experts, farmers can grow vegetables for up to five cycles in a year compared to the two cycles of cereal farming. Also, farmers growing vegetables don&rsquo;t have to worry about market as vegetables sell easily in the market and have in fact become &ldquo;quick and guaranteed returns&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Another important revelation of the Census is that Nepal&rsquo;s agriculture has made some progress in terms of farm mechanization. The census shows that a good 22.04 percent farm households use tractors to plough their farmlands while 20.96 percent use threshers to harvest the food grains. This is a good progress as compared to the previous agriculture census of 2001/02. The previous Census showed that the percentage of farm households using tractors and threshers was less than 10 percent of the total holdings. Similarly, around 14.30 percent farm households have reported using pumping sets or motors for irrigation.</div>
<div>
	&nbsp;</div>
<div>
	The progress in farm mechanization is good but it&rsquo;s not enough. Nevertheless, we should feel happy that farm mechanization has increased without any encouragement from the government. This shows that the Nepali farmers are responsive to change in the market forces. On its part, the government should introduce suitable policies offering tax exemption on the import of agricultural tools and equipment. If possible, it should also provide grants in the case of high-price equipment. Similarly, the government should implement policies to facilitate agro loans. The process of sanctioning agro-loans should be made easy and hassle-free. Agro loans must be made cheaper. At present, a farmer has to pay up to 16 per cent interest on loans to buy tractors whereas a car loan comes at an interest rate of six percent. Such discrepancies should be removed. The government and the central bank should work on this.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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 National Agriculture Census 2011/12 has shown that Nepal’s agriculture sector has changed course over the last decade with the farmers shifting from growing cereals to planting cash and vegetables crops. According to the Census released last week, the land area dedicated to cereal cultivation has decreased by nine percent while the area under vegetable farming has increased by a whopping 41 per cent to 84,000 hectares.',
			'sortorder' => '2212',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2369',
			'article_category_id' => '140',
			'title' => 'Nepal Political Economic News In Brief (30 December - 5 January 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>HLPC Formalizes Four-point Deal</strong></span></div>
<div>
	A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>18 Parties Agree to Join CA</strong></span></div>
<div>
	Eighteen political parties including the UCPN (Maoist) have decided to join the newly elected Constituent Assembly (CA) after the three major parties &ndash; Nepali Congress (NC), CPN (UML) AND UCPN (Maoist) reached a four-point deal on December 24. A meeting of 18 political parties held at the UCPN (M) headquarters at Parisdanda agreed to participate in the CA arguing that the NC and UML had accepted their demands. Talking to media persons after the meeting, UCPN(Maoist) Spokesperson Agni Prasad Sapkota said they decided to be a part of the new CA after the NC and UML agreed to address their demands.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>PR List Submission Deadline Extended by Five Days&nbsp;</strong></span></div>
<div>
	The Election Commission (EC) on December 25 extended the deadline for submission of names of winning candidates under the proportional representation (PR) system by five more days. This is the third deadline extension by the constitutional body upon the request of the political parties. Parties now have to submit their PR lists by December 30. Top leaders of the major political parties had reached the EC on Dec 23 asking for the deadline extension after signing the four-point agreement.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>New Govt and CA Meet Soon: Regmi</strong></span></div>
<div>
	Chairman of the Council of Ministers, Khil Raj Regmi has said that the formation of the Constituent Assembly (CA) and a new government will take place soon. Addressing a programme in the Capital on December 25, Chairman Regmi said that the first session of the CA and the process of forming a new elected government will begin soon. &ldquo;I&rsquo;m confident that the new session of CA will begin soon, so will be the task of forming a new government and promulgating a new constitution,&rdquo; Regmi said. &ldquo;Now we should invest our skills and labor for development, peace and socio-economic transformation of the country,&rdquo; remarked Regmi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&rsquo;s Unconditional Support to NC-led Govt</strong></span></div>
<div>
	Former finance minister and leader of the UCPN (Maoist) Barshaman Pun has said that his party will extend unconditional support to the next government to be led by the Nepali Congress. He, however, said that his party will not participate in the new government to be formed. &ldquo;We will play a constructive role of an opposition party inside the Constituent Assembly. We will not engage in the game of changing the government. Our focus will be on promulgating the new constitution within a year,&rdquo; Pun said, speaking at a programme in the Capital on December 25.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2014-01-04',
			'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' => 'A meeting of the High Level Political Committee (HLPC) on December 24 has formalised the four-point agreement reached by the top three parties. The meeting also decided to request the Election Commission to extend the deadline for submission of Proportional Representation (PR) names for the Constituent Assembly by five more days. Eight parties, including the Nepali Congress, CPN-UML, UCPN-M and Madhesh-based parties have signed the deal, paving the way for the formation of the Constituent Assembly. The four agreements are: Formation of a parliamentary panel to investigate the alleged vote-rigging during the Nov 19 CA polls; continuation of the HLPC by including top leaders of other parties present in the CA; Promulgate the new Constitution within a year; and form a Truth and Reconciliation Commission to conclude the peace process',
			'sortorder' => '2211',
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	(int) 13 => array(
		'Article' => array(
			'id' => '2368',
			'article_category_id' => '140',
			'title' => 'Weekly Round Up (23 - 29 December 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Gearing Revenue Mobilisation</strong></span></div>
<div>
	Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers&rsquo; Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target. He also motivated them to fully utilise the time of mid-December to mid-January as this period is the time to collect more revenue in the country. &ldquo;Don&rsquo;t lose your professionalism thinking that the current government will be gone soon. The revenue collection target will be same whoever comes as the finance minister,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>WB Funds Agri-Development</strong></span></div>
<div>
	The World Bank (WB) has approved US$ 150 million for two projects designed to help improve connectivity and raise agricultural productivity across 33 districts. The project titled &ldquo;Strengthening the National Rural Transport Programme&rdquo;, which has received USD 100 million intends to enhance the availability and reliability of transport connectivity in 33 districts. They are Arghakhanchi, Banke, Bara, Bardia, Bhojpur, Dang, Dhading, Dhanusha, Gulmi, Kailali, Kanchanpur, Kapilvastu, Kaski, Mahottari, Makwanpur, Nawalparasi, Nuwakot, Palpa, Parsa, Pyuthan, Rasuwa, Rautahat, Rupandehi, Salyan, Sakhuwasabha, Saptari, Sarlahi, Siraha, Surkhet, Syangja, Tanahu, Tehrathum and Udaypur, according to a press statement from the Bank. Similarly, the Irrigation and Water Resources Management Project, which is under implementation since December 2007 has received US$ 50 million. The assistance will help rehabilitate 80 additional farmer-managed irrigation schemes (FMIS) in 40 districts of the Western, Mid-Western and Far-Western Regions of Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Load-shedding for Half the Day</strong></span></div>
<div>
	Energy Minister Umakanta Jha has said the load-shedding time will not exceed 12 hours a day this winter. Talking to journalists at Bharatpur on December 25, Jha said the country witnessed 15-hour power outage a day last winter. &ldquo;But, this time it will be limited to 12 hours a day,&rdquo; said Minister Jha who had reached there to inspect the Narayani river embankment. He added that the government was preparing to import 200 MW of electricity from India to keep the load-shedding duration below 12 hours a day.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Biratnagar Golchha Office Gutted</strong></span></div>
<div>
	An estimated property worth over Rs. 50 million was destroyed when the Biratnagar office of Golchha Organisation caught fire on December 26. It took firefighters one and a half hours to douse the fire which was detected at around 9 in the morning. According to sources, the fire was caused by a short circuit in the third floor of the building that housed the account section of the office. The fire is said to have destroyed office equipment, furniture and important records of the office. There was human casualty.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Far-west Industrial Trade Fair</strong></span></div>
<div>
	With the aim of promoting industrial and economic development of the Far-western Development Region, a 10-day &lsquo;Far-West Industrial Trade Fair&rsquo; is going to be organized in Mahendranagar from January 10, 2014. The Fair will feature 150 stalls of various products from various districts of Far-West. The Fair is being organised with support from the ministries of agriculture development, commerce and supplies, Bhimduttanagar Municipality and the private sector. The organisers expect over 150,000 visitors and a transaction of over Rs 120 million during the fair.</div>',
			'published' => true,
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			'description' => 'Finance Minister Shanker Prasad Koirala has directed revenue administration officials to work efficiently to meet the daily target of Rs 1 billion revenue mobilisation. Speaking at a programme organised by the Big Taxpayers’ Office on December 23, Koirala urged the officials to be more professional and efficient and meet the revenue target',
			'sortorder' => '2210',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2367',
			'article_category_id' => '140',
			'title' => '‘Sushil Koirala  To Lead New Govt’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party&rsquo;s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.</div>
<div>
	&nbsp;</div>
<div>
	Speaking at an interaction program in Kathmandu on December 27, Badu also made it clear that there was no dispute inside the NC about Koirala leading the new government.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We will try to form a consensus government by bringing all major political parties on board. If this does not happen, a majority government will be formed,&rdquo; said Badu.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	UCPN (Maoist leaders have already said to extend unconditional support to a NC-led government.</div>',
			'published' => true,
			'created' => '2013-12-31',
			'modified' => '2013-12-31',
			'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' => 'Nepali Congress (NC) Spokesperson Dilendra Prasad Badu has said that the new government will be formed under the leadership of the party’s President Sushil Koirala once the Constituent Assembly (CA) gets a full shape.',
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