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			'id' => '2092',
			'article_category_id' => '91',
			'title' => 'Net Worth Requirement Fro DP Being Revised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided,&nbsp;</div>
<div>
	he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. &nbsp;Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,&rdquo; Shrestha said. &ldquo;To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, this recommendation does not seem to satisfy SEBON. &ldquo;The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,&rdquo; Shretha said. &nbsp;SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report will acquire legal status after being approved by SEBON&rsquo;s management committee and the Finance Ministry. The process is assumed to take a while for being actualized.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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			'created' => '2013-11-10',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC).',
			'sortorder' => '1968',
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			'id' => '2097',
			'article_category_id' => '138',
			'title' => 'US Embassy Supports Kartik Nach',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance. &nbsp;The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests. &quot;This unique form of storytelling through dance, started in the 17th century, has not been performed in its entirety since 1949. &nbsp;With the support of the US Embassy, in partnership with the Alliance for Ecotourism, the full Kartik Nach will be restored and documented,&quot; says the statement. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The US Embassy&rsquo;s support of Kartik Nach was made possible by a grant of $75,300 from the Ambassadors Fund for Cultural Preservation (AFCP). &nbsp;This is the Embassy&rsquo;s first non-tangible cultural heritage project funded by AFCP in Nepal. The embassy hoped that the assistance and grant will revive the centuries-old tradition. &nbsp;The grant will assist the Kartik Nach Preservation Committee to restore the full form of the dance and to document and teach this cultural tradition to a new generation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Kartik Nach festival is an eight-day long dance festival believed to have been introduced by King Siddhi Narsingh Malla in 1637 AD. It is a combination of traditional music and drama based on the story of Lord Narsimha, incarnation of Hindu god Vishnu. The dance will be performed each evening in the month of Kartik in Patan Durbar Square. &nbsp;</div>',
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			'description' => 'The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance.  The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests.',
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			'title' => 'Top Ten Losers ( 04 -10 November 2013)',
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			'description' => 'Top Ten Losers',
			'sortorder' => '1966',
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			'title' => 'Top Ten Gainers ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
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			'description' => 'Top Ten Gainers',
			'sortorder' => '1965',
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			'id' => '2119',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price ( 04 -10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1964',
			'image' => null,
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			'id' => '2118',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1963',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '2117',
			'article_category_id' => '109',
			'title' => 'Money Matters News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Om to Issue Debenture</strong></span></div>
<div>
	Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders. The paid-up capital of the Company will reach Rs 325.7 million after distributing bonus shares. The Company has collected a total deposit amount Rs 3.24 billion rupees by mid July of last Fiscal year, while it floated the loan worth Rs 3.24 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>7.37pc Dividend of Axis</strong></span></div>
<div>
	Axis Development Bank Ltd has said that it will distribute 7.37 per cent cash dividend to its share holders. The Annual General Meeting (AGM) of the Bank held at Dhulikhel last Thursday approved the decision of dividend distribution. Chairman Bidur Dhamala presented the financial report of the Fiscal Year 2012-13 during the AGM. According to the report, the Bank has collected the total deposit amount Rs 1.57 billion as of mid July of 1013. The Bank has said that the amount is 51.47 per cent higher than the previous Fiscal Year. &nbsp;Likewise, the total amount of the loan floated by the bank has reached 1.67 billion in the review period. &nbsp;The Company has the paid-up capital of worth Rs 718 million rupees. &nbsp;The Bank, headquartered at Hattisar in Kathmandu, has its branches in Banepa, Khurkhure, Parbatipur, Tandi, Pokhara, Hetauda, Narayangadh, Itahari, Gaighaat and Sindhuli.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gandaki&rsquo;s Shares Listed</strong></span></div>
<div>
	700,000 units of share worth Rs700 million of Gandaki Development Bank have been listed in Nepal Stock Exchange (NEPSE). The Bank issued this scrip from August 11 to September 15. 3,200,000 units including rights shares of the Bank can now be traded at NEPSE. According to acting chief of the company, the Bank has the authorised capital of Rs 400 million and paid-up capital of Rs 320 million. The Bank, headquartered at Pokhara, has 16 branches in 10 districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Diyo&rsquo;s 15pc Dividend Approved</strong></span></div>
<div>
	Diyo Saving and Credit Cooperative Ltd has decided to distribute 15 per cent dividend to its shareholders. Company&rsquo;s Annual General Meeting held last week made the decision to this effect. According to company&rsquo;s chairman Bikash Thapa, the total deposit has reached Rs 58.9 million and extended a total of Rs 55 million as loans until the end of Fiscal Year 2012-13. It has earned Rs 2.1 million profit in the review period, said the Company.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Citizens Branch at Jajarkot</strong></span></div>
<div>
	Citizens Bank International Ltd has established branch office at Khalanga in Jajarkot. Bank&rsquo;s Assistant General Manager Ganesh Raj Pokhrel inaugurated the newly established branch office amid a function at Khalanga last Friday. Now, the Bank&rsquo;s total number of branches has reached 36. Speaking at the inaugural function, Pokhrel said that the branch was established to provide banking services of international standard to the people of Jajarkot. The customers will get remittance, draft, Visa, ATM Card, modern mobile banking and other banking services from the branch.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders.',
			'sortorder' => '1962',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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		'Article' => array(
			'id' => '2116',
			'article_category_id' => '109',
			'title' => 'Global IME, Emirates, Al Amana Ink Agreement',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/ime(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 250px; height: 53px;" />G</span><span style="font-size: 12px;">lobal IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank&rsquo;s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal. The Bank has 72 branches and 2 thousand 5 hundred agents across the country. Global IME has been providing remittance services in the UAE, Qatar, Bahrain, India, the UK and&nbsp;</span></div>
<div>
	S Korea.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Global IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank’s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal.',
			'sortorder' => '1961',
			'image' => null,
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		'Article' => array(
			'id' => '2115',
			'article_category_id' => '109',
			'title' => 'Clean Energy Announces Bonus',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/clean.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 63px;" />C</span><span style="font-size: 12px;">lean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect. The decision is, however, subjected to be the approval of the Company&rsquo;s Annual General Meeting and Nepal Rastra Bank. &nbsp;The Bank has posted a profit of Rs 176.8 million in the Fiscal Year 2012-13.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Clean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect.',
			'sortorder' => '1960',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		)
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		'Article' => array(
			'id' => '2114',
			'article_category_id' => '109',
			'title' => 'Gold Price Down By Rs 400',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. &nbsp;Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. &nbsp;According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged&nbsp;</span></div>
<div>
	to Rs 797.50 last Friday.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.',
			'sortorder' => '1959',
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		'Article' => array(
			'id' => '2113',
			'article_category_id' => '109',
			'title' => 'Shree Investment Announces Dividend',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million',
			'sortorder' => '1958',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 11 - 17 November 2013)',
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			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Results Out</strong></span></div>
<div>
	Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Tribhuvan University has also published the result of Masters of Education (M.Ed) second year 2068. The examination of M.Ed second year was held on Marg-Poush-2069. Out of 16,283 who appeared in the exam, 5,772 have passed the exam. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TBC to sponsor National Boxing Competition</strong></span></div>
<div>
	The British College (TBC) signed an agreement with Boxing Association of Nepal to sponsor the men&rsquo;s and women&rsquo;s national boxing competition. &nbsp;According to the agreement, the college will provide Rs 0.3 million to the Association. A five days long competition will be held from December 24 to December 28, informed BAN.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Talk Session @ KUSOM</strong></span></div>
<div>
	A talk session was held at the Kathmandu University School of Management (KUSOM) in Balkumari on November 4. The programme was titled &lsquo;Branding&mdash;Prabal Gurung&rsquo;, and elicited basic tips and pointers from the high-fashion guru on how to effectively brand fashion creations, and boost the local industry. In the event, Gurung shared his experience, struggles and challenges to achieve success.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>One-day Seminar @ NCA</strong></span></div>
<div>
	National College of Accountancy (NCA) organised one day seminar on November 8 in the premises of the college. The NCA organized the seminar to provide information to the future students about the Association of Chartered Certified Accountants (ACCA) course. NCA is the only institution to receive &lsquo;gold-status&rsquo; approved learning partner student training (AALP-ST) certificate from ACCA.&nbsp;</div>
<div>
	Speaking at the event, President of the college Balram Paudel said, &ldquo;The ACCA programme offers opportunity for employment.&rdquo; &nbsp;Students and ACCA members and former students participated in the programme.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Aryans Tech Fest</strong></span></div>
<div>
	The two days &ldquo;Aryans Tech Fest&rdquo; organized by Aryans Group of Colleges concluded on Saturday November 9 with a startling performance given by noted Bollywood Singer Kamal Khan. Heavy rush was witnessed to see the performance of Kamal Khan who specially came from Mumbai to perform in the Fest. Dr Anshu Kataria, Chairman, Aryans Group of Colleges presided over the event. Around 10,000 students as well as farmers, academicians, researchers, professionals etc participated in the two-days Techno Cultural Symposium. Job Fest, Industrial Training Fest, Science Fest, Solar Fest, Robo Fest, Agro Fest, IT Fest etc. were the main attractions of the Fest. The Job Fest drew huge crowd as more than 35 companies were on recruitment spree. A total of 157 out of 1612 candidates were shortlisted for different profiles by these Companies. For Industrial Training, 112 students were shortlisted by around 20 Companies. In Science Fest, the first prize was bagged by Lomas Rishi Public School, while C.M. Public School stood second and for the third prize there was a tie between Patel Public school &amp; Govt. Co Ed Sr. Secondary (NTC) Rajpura. The students showcased their talent and innovative ideas in Science Fest through their creative projects.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.',
			'sortorder' => '1957',
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	(int) 12 => array(
		'Article' => array(
			'id' => '2106',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 37',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 Vol 3 Issue 37',
			'sortorder' => '1956',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '2110',
			'article_category_id' => '151',
			'title' => 'Far West To Get Its  First Medical College',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">ar West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed. &nbsp;The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08. Similarly, the government has allocated 120 million rupees in the next fiscal year for the Far Western University and the medical college projects. Dr. Bhim Singh Tingkari, Executive Director of Geta Medical College Development Committee said that the project could not be implemented due to government&#39;s inability to allocate the total approximate budget of Rs 5 billion for the project.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Dr. Tingkri said that the new committee formed in 2012 under the chairmanship of Chetraj Panta had started working on the project with an objective of opening the medical college within three years for public service. He said that land needed for the medical college has been acquired and environmental impact study of the project is underway. He further added that &quot;Building Design Authority&quot; has been assigned with the responsibility to prepare the master plan including project implementation and cost and time frame analysis. Dr. Tingkri said that the master plan will be ready by January and additional work will be carried out accordingly.</div>
<div>
	&nbsp;</div>
<div>
	The dedication shown by the new committee has brought hopes in the local people. This fiscal year the government has allocated 45 million rupees for this project. The budget has been utilized in conducting environmental impact assessment, in constructing fences around the project site and in preparing the master plan. However, if the project is to complete in time, the government should ensure that adequate budget is allocated in the coming fiscal year, Dr. Tingkri said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Back at the ministry, Under Secretary Thapaliya said that this medical college project is in government&#39;s priority list and expressed confidence that it will receive adequate attention in the coming fiscal year&rsquo;s budget. The ministry is aware that the Far Western Development Region is in need of a fully government owned medical college, Thapaliya said adding that the ministry will therefore provide full support in completing the project.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Depending on the availability of budget and the fulfillment of the commitment expressed by stakeholders, the project could be completed in three years, Dr. Tingkri said. The medical college has initiated process for Expression of Interest at the ministry, the ministry informed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Guru Shankaracharya of Kanchi Kamakoti Peetham of India had taken initiation for constructing a medical college in Far Western Region, way back in 1999. Following the initiatives taken by the committee presided by him, the government had handed over 51 hectares of land for the college. However, the project remained in limbo due to budget shortages and a corresponding delay in the implementation.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Far West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed.  The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08.',
			'sortorder' => '1955',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'breaking_news' => false,
			'main_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '2109',
			'article_category_id' => '151',
			'title' => 'Education In Political Parties’ Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Constituent Assembly (CA) election is slated for November 19. &nbsp;Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties. In this issue, The Corporate has analyzed manifestos of these political parties to find out what they intend to do in education sector. Here are the salient pledges made:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&nbsp;</strong></span></div>
<div>
	&bull;20 percent of total budget for education sector</div>
<div>
	&bull;Increasing quality of public education</div>
<div>
	&bull;Controlling commerciali-zation in education</div>
<div>
	&bull;One university in each federal state</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN-UML</strong></span></div>
<div>
	&bull;Ending unproductive education system</div>
<div>
	&bull;All-accessible primary schools</div>
<div>
	&bull;Concept of residential school</div>
<div>
	&bull;Grading system instead of existing percentage-based ranking system</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepali Congress</strong></span></div>
<div>
	&bull;Making teachers responsible towards exams results</div>
<div>
	&bull;Mobilizing the available resources from former students</div>
<div>
	&bull;Compulsory and free education up to grade 12</div>
<div>
	&bull;Making private education institutions responsible and safe</div>
<div>
	&bull;Providing full scholarships to female Dalit student for Engineering and Medicine subjects.</div>
<div>
	&bull;Open University to be established for ensuring higher education for underprivileged.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rastriya Prajatantra Party</strong></span></div>
<div>
	&bull;Ending politicization in education</div>
<div>
	&bull;To establish national commission for improving education sector.</div>
<div>
	&bull;A model public school in every VDC</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Constituent Assembly (CA) election is slated for November 19.  Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties',
			'sortorder' => '1954',
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		'Article' => array(
			'id' => '2092',
			'article_category_id' => '91',
			'title' => 'Net Worth Requirement Fro DP Being Revised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided,&nbsp;</div>
<div>
	he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. &nbsp;Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,&rdquo; Shrestha said. &ldquo;To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, this recommendation does not seem to satisfy SEBON. &ldquo;The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,&rdquo; Shretha said. &nbsp;SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report will acquire legal status after being approved by SEBON&rsquo;s management committee and the Finance Ministry. The process is assumed to take a while for being actualized.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
			'published' => true,
			'created' => '2013-11-10',
			'modified' => '2013-11-12',
			'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' => 'Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC).',
			'sortorder' => '1968',
			'image' => null,
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		'Article' => array(
			'id' => '2097',
			'article_category_id' => '138',
			'title' => 'US Embassy Supports Kartik Nach',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance. &nbsp;The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests. &quot;This unique form of storytelling through dance, started in the 17th century, has not been performed in its entirety since 1949. &nbsp;With the support of the US Embassy, in partnership with the Alliance for Ecotourism, the full Kartik Nach will be restored and documented,&quot; says the statement. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The US Embassy&rsquo;s support of Kartik Nach was made possible by a grant of $75,300 from the Ambassadors Fund for Cultural Preservation (AFCP). &nbsp;This is the Embassy&rsquo;s first non-tangible cultural heritage project funded by AFCP in Nepal. The embassy hoped that the assistance and grant will revive the centuries-old tradition. &nbsp;The grant will assist the Kartik Nach Preservation Committee to restore the full form of the dance and to document and teach this cultural tradition to a new generation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Kartik Nach festival is an eight-day long dance festival believed to have been introduced by King Siddhi Narsingh Malla in 1637 AD. It is a combination of traditional music and drama based on the story of Lord Narsimha, incarnation of Hindu god Vishnu. The dance will be performed each evening in the month of Kartik in Patan Durbar Square. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-12',
			'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 US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance.  The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests.',
			'sortorder' => '1967',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '1966',
			'image' => null,
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			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
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			'description' => 'Top Ten Gainers',
			'sortorder' => '1965',
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			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
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			'description' => 'Weekly Gold And Silver Price',
			'sortorder' => '1964',
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		)
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	(int) 5 => array(
		'Article' => array(
			'id' => '2118',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1963',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2117',
			'article_category_id' => '109',
			'title' => 'Money Matters News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Om to Issue Debenture</strong></span></div>
<div>
	Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders. The paid-up capital of the Company will reach Rs 325.7 million after distributing bonus shares. The Company has collected a total deposit amount Rs 3.24 billion rupees by mid July of last Fiscal year, while it floated the loan worth Rs 3.24 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>7.37pc Dividend of Axis</strong></span></div>
<div>
	Axis Development Bank Ltd has said that it will distribute 7.37 per cent cash dividend to its share holders. The Annual General Meeting (AGM) of the Bank held at Dhulikhel last Thursday approved the decision of dividend distribution. Chairman Bidur Dhamala presented the financial report of the Fiscal Year 2012-13 during the AGM. According to the report, the Bank has collected the total deposit amount Rs 1.57 billion as of mid July of 1013. The Bank has said that the amount is 51.47 per cent higher than the previous Fiscal Year. &nbsp;Likewise, the total amount of the loan floated by the bank has reached 1.67 billion in the review period. &nbsp;The Company has the paid-up capital of worth Rs 718 million rupees. &nbsp;The Bank, headquartered at Hattisar in Kathmandu, has its branches in Banepa, Khurkhure, Parbatipur, Tandi, Pokhara, Hetauda, Narayangadh, Itahari, Gaighaat and Sindhuli.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gandaki&rsquo;s Shares Listed</strong></span></div>
<div>
	700,000 units of share worth Rs700 million of Gandaki Development Bank have been listed in Nepal Stock Exchange (NEPSE). The Bank issued this scrip from August 11 to September 15. 3,200,000 units including rights shares of the Bank can now be traded at NEPSE. According to acting chief of the company, the Bank has the authorised capital of Rs 400 million and paid-up capital of Rs 320 million. The Bank, headquartered at Pokhara, has 16 branches in 10 districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Diyo&rsquo;s 15pc Dividend Approved</strong></span></div>
<div>
	Diyo Saving and Credit Cooperative Ltd has decided to distribute 15 per cent dividend to its shareholders. Company&rsquo;s Annual General Meeting held last week made the decision to this effect. According to company&rsquo;s chairman Bikash Thapa, the total deposit has reached Rs 58.9 million and extended a total of Rs 55 million as loans until the end of Fiscal Year 2012-13. It has earned Rs 2.1 million profit in the review period, said the Company.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Citizens Branch at Jajarkot</strong></span></div>
<div>
	Citizens Bank International Ltd has established branch office at Khalanga in Jajarkot. Bank&rsquo;s Assistant General Manager Ganesh Raj Pokhrel inaugurated the newly established branch office amid a function at Khalanga last Friday. Now, the Bank&rsquo;s total number of branches has reached 36. Speaking at the inaugural function, Pokhrel said that the branch was established to provide banking services of international standard to the people of Jajarkot. The customers will get remittance, draft, Visa, ATM Card, modern mobile banking and other banking services from the branch.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders.',
			'sortorder' => '1962',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2116',
			'article_category_id' => '109',
			'title' => 'Global IME, Emirates, Al Amana Ink Agreement',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/ime(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 250px; height: 53px;" />G</span><span style="font-size: 12px;">lobal IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank&rsquo;s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal. The Bank has 72 branches and 2 thousand 5 hundred agents across the country. Global IME has been providing remittance services in the UAE, Qatar, Bahrain, India, the UK and&nbsp;</span></div>
<div>
	S Korea.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Global IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank’s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal.',
			'sortorder' => '1961',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '2115',
			'article_category_id' => '109',
			'title' => 'Clean Energy Announces Bonus',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/clean.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 63px;" />C</span><span style="font-size: 12px;">lean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect. The decision is, however, subjected to be the approval of the Company&rsquo;s Annual General Meeting and Nepal Rastra Bank. &nbsp;The Bank has posted a profit of Rs 176.8 million in the Fiscal Year 2012-13.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Clean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect.',
			'sortorder' => '1960',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2114',
			'article_category_id' => '109',
			'title' => 'Gold Price Down By Rs 400',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. &nbsp;Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. &nbsp;According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged&nbsp;</span></div>
<div>
	to Rs 797.50 last Friday.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.',
			'sortorder' => '1959',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2113',
			'article_category_id' => '109',
			'title' => 'Shree Investment Announces Dividend',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million',
			'sortorder' => '1958',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2111',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Results Out</strong></span></div>
<div>
	Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Tribhuvan University has also published the result of Masters of Education (M.Ed) second year 2068. The examination of M.Ed second year was held on Marg-Poush-2069. Out of 16,283 who appeared in the exam, 5,772 have passed the exam. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TBC to sponsor National Boxing Competition</strong></span></div>
<div>
	The British College (TBC) signed an agreement with Boxing Association of Nepal to sponsor the men&rsquo;s and women&rsquo;s national boxing competition. &nbsp;According to the agreement, the college will provide Rs 0.3 million to the Association. A five days long competition will be held from December 24 to December 28, informed BAN.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Talk Session @ KUSOM</strong></span></div>
<div>
	A talk session was held at the Kathmandu University School of Management (KUSOM) in Balkumari on November 4. The programme was titled &lsquo;Branding&mdash;Prabal Gurung&rsquo;, and elicited basic tips and pointers from the high-fashion guru on how to effectively brand fashion creations, and boost the local industry. In the event, Gurung shared his experience, struggles and challenges to achieve success.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>One-day Seminar @ NCA</strong></span></div>
<div>
	National College of Accountancy (NCA) organised one day seminar on November 8 in the premises of the college. The NCA organized the seminar to provide information to the future students about the Association of Chartered Certified Accountants (ACCA) course. NCA is the only institution to receive &lsquo;gold-status&rsquo; approved learning partner student training (AALP-ST) certificate from ACCA.&nbsp;</div>
<div>
	Speaking at the event, President of the college Balram Paudel said, &ldquo;The ACCA programme offers opportunity for employment.&rdquo; &nbsp;Students and ACCA members and former students participated in the programme.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Aryans Tech Fest</strong></span></div>
<div>
	The two days &ldquo;Aryans Tech Fest&rdquo; organized by Aryans Group of Colleges concluded on Saturday November 9 with a startling performance given by noted Bollywood Singer Kamal Khan. Heavy rush was witnessed to see the performance of Kamal Khan who specially came from Mumbai to perform in the Fest. Dr Anshu Kataria, Chairman, Aryans Group of Colleges presided over the event. Around 10,000 students as well as farmers, academicians, researchers, professionals etc participated in the two-days Techno Cultural Symposium. Job Fest, Industrial Training Fest, Science Fest, Solar Fest, Robo Fest, Agro Fest, IT Fest etc. were the main attractions of the Fest. The Job Fest drew huge crowd as more than 35 companies were on recruitment spree. A total of 157 out of 1612 candidates were shortlisted for different profiles by these Companies. For Industrial Training, 112 students were shortlisted by around 20 Companies. In Science Fest, the first prize was bagged by Lomas Rishi Public School, while C.M. Public School stood second and for the third prize there was a tie between Patel Public school &amp; Govt. Co Ed Sr. Secondary (NTC) Rajpura. The students showcased their talent and innovative ideas in Science Fest through their creative projects.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.',
			'sortorder' => '1957',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '2106',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 37',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 Vol 3 Issue 37',
			'sortorder' => '1956',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '2110',
			'article_category_id' => '151',
			'title' => 'Far West To Get Its  First Medical College',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">ar West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed. &nbsp;The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08. Similarly, the government has allocated 120 million rupees in the next fiscal year for the Far Western University and the medical college projects. Dr. Bhim Singh Tingkari, Executive Director of Geta Medical College Development Committee said that the project could not be implemented due to government&#39;s inability to allocate the total approximate budget of Rs 5 billion for the project.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Dr. Tingkri said that the new committee formed in 2012 under the chairmanship of Chetraj Panta had started working on the project with an objective of opening the medical college within three years for public service. He said that land needed for the medical college has been acquired and environmental impact study of the project is underway. He further added that &quot;Building Design Authority&quot; has been assigned with the responsibility to prepare the master plan including project implementation and cost and time frame analysis. Dr. Tingkri said that the master plan will be ready by January and additional work will be carried out accordingly.</div>
<div>
	&nbsp;</div>
<div>
	The dedication shown by the new committee has brought hopes in the local people. This fiscal year the government has allocated 45 million rupees for this project. The budget has been utilized in conducting environmental impact assessment, in constructing fences around the project site and in preparing the master plan. However, if the project is to complete in time, the government should ensure that adequate budget is allocated in the coming fiscal year, Dr. Tingkri said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Back at the ministry, Under Secretary Thapaliya said that this medical college project is in government&#39;s priority list and expressed confidence that it will receive adequate attention in the coming fiscal year&rsquo;s budget. The ministry is aware that the Far Western Development Region is in need of a fully government owned medical college, Thapaliya said adding that the ministry will therefore provide full support in completing the project.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Depending on the availability of budget and the fulfillment of the commitment expressed by stakeholders, the project could be completed in three years, Dr. Tingkri said. The medical college has initiated process for Expression of Interest at the ministry, the ministry informed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Guru Shankaracharya of Kanchi Kamakoti Peetham of India had taken initiation for constructing a medical college in Far Western Region, way back in 1999. Following the initiatives taken by the committee presided by him, the government had handed over 51 hectares of land for the college. However, the project remained in limbo due to budget shortages and a corresponding delay in the implementation.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Far West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed.  The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08.',
			'sortorder' => '1955',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '2109',
			'article_category_id' => '151',
			'title' => 'Education In Political Parties’ Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Constituent Assembly (CA) election is slated for November 19. &nbsp;Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties. In this issue, The Corporate has analyzed manifestos of these political parties to find out what they intend to do in education sector. Here are the salient pledges made:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&nbsp;</strong></span></div>
<div>
	&bull;20 percent of total budget for education sector</div>
<div>
	&bull;Increasing quality of public education</div>
<div>
	&bull;Controlling commerciali-zation in education</div>
<div>
	&bull;One university in each federal state</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN-UML</strong></span></div>
<div>
	&bull;Ending unproductive education system</div>
<div>
	&bull;All-accessible primary schools</div>
<div>
	&bull;Concept of residential school</div>
<div>
	&bull;Grading system instead of existing percentage-based ranking system</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepali Congress</strong></span></div>
<div>
	&bull;Making teachers responsible towards exams results</div>
<div>
	&bull;Mobilizing the available resources from former students</div>
<div>
	&bull;Compulsory and free education up to grade 12</div>
<div>
	&bull;Making private education institutions responsible and safe</div>
<div>
	&bull;Providing full scholarships to female Dalit student for Engineering and Medicine subjects.</div>
<div>
	&bull;Open University to be established for ensuring higher education for underprivileged.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rastriya Prajatantra Party</strong></span></div>
<div>
	&bull;Ending politicization in education</div>
<div>
	&bull;To establish national commission for improving education sector.</div>
<div>
	&bull;A model public school in every VDC</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Constituent Assembly (CA) election is slated for November 19.  Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties',
			'sortorder' => '1954',
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		'Article' => array(
			'id' => '2092',
			'article_category_id' => '91',
			'title' => 'Net Worth Requirement Fro DP Being Revised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided,&nbsp;</div>
<div>
	he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. &nbsp;Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,&rdquo; Shrestha said. &ldquo;To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, this recommendation does not seem to satisfy SEBON. &ldquo;The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,&rdquo; Shretha said. &nbsp;SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report will acquire legal status after being approved by SEBON&rsquo;s management committee and the Finance Ministry. The process is assumed to take a while for being actualized.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
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			'created' => '2013-11-10',
			'modified' => '2013-11-12',
			'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' => 'Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC).',
			'sortorder' => '1968',
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			'id' => '2097',
			'article_category_id' => '138',
			'title' => 'US Embassy Supports Kartik Nach',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance. &nbsp;The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests. &quot;This unique form of storytelling through dance, started in the 17th century, has not been performed in its entirety since 1949. &nbsp;With the support of the US Embassy, in partnership with the Alliance for Ecotourism, the full Kartik Nach will be restored and documented,&quot; says the statement. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The US Embassy&rsquo;s support of Kartik Nach was made possible by a grant of $75,300 from the Ambassadors Fund for Cultural Preservation (AFCP). &nbsp;This is the Embassy&rsquo;s first non-tangible cultural heritage project funded by AFCP in Nepal. The embassy hoped that the assistance and grant will revive the centuries-old tradition. &nbsp;The grant will assist the Kartik Nach Preservation Committee to restore the full form of the dance and to document and teach this cultural tradition to a new generation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Kartik Nach festival is an eight-day long dance festival believed to have been introduced by King Siddhi Narsingh Malla in 1637 AD. It is a combination of traditional music and drama based on the story of Lord Narsimha, incarnation of Hindu god Vishnu. The dance will be performed each evening in the month of Kartik in Patan Durbar Square. &nbsp;</div>',
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			'created' => '2013-11-11',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance.  The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests.',
			'sortorder' => '1967',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'title' => 'Top Ten Losers ( 04 -10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '1966',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'article_category_id' => '111',
			'title' => 'Top Ten Gainers ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1965',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'main_news' => false,
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		'Article' => array(
			'id' => '2119',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price ( 04 -10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1964',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '2118',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1963',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '2117',
			'article_category_id' => '109',
			'title' => 'Money Matters News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Om to Issue Debenture</strong></span></div>
<div>
	Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders. The paid-up capital of the Company will reach Rs 325.7 million after distributing bonus shares. The Company has collected a total deposit amount Rs 3.24 billion rupees by mid July of last Fiscal year, while it floated the loan worth Rs 3.24 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>7.37pc Dividend of Axis</strong></span></div>
<div>
	Axis Development Bank Ltd has said that it will distribute 7.37 per cent cash dividend to its share holders. The Annual General Meeting (AGM) of the Bank held at Dhulikhel last Thursday approved the decision of dividend distribution. Chairman Bidur Dhamala presented the financial report of the Fiscal Year 2012-13 during the AGM. According to the report, the Bank has collected the total deposit amount Rs 1.57 billion as of mid July of 1013. The Bank has said that the amount is 51.47 per cent higher than the previous Fiscal Year. &nbsp;Likewise, the total amount of the loan floated by the bank has reached 1.67 billion in the review period. &nbsp;The Company has the paid-up capital of worth Rs 718 million rupees. &nbsp;The Bank, headquartered at Hattisar in Kathmandu, has its branches in Banepa, Khurkhure, Parbatipur, Tandi, Pokhara, Hetauda, Narayangadh, Itahari, Gaighaat and Sindhuli.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gandaki&rsquo;s Shares Listed</strong></span></div>
<div>
	700,000 units of share worth Rs700 million of Gandaki Development Bank have been listed in Nepal Stock Exchange (NEPSE). The Bank issued this scrip from August 11 to September 15. 3,200,000 units including rights shares of the Bank can now be traded at NEPSE. According to acting chief of the company, the Bank has the authorised capital of Rs 400 million and paid-up capital of Rs 320 million. The Bank, headquartered at Pokhara, has 16 branches in 10 districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Diyo&rsquo;s 15pc Dividend Approved</strong></span></div>
<div>
	Diyo Saving and Credit Cooperative Ltd has decided to distribute 15 per cent dividend to its shareholders. Company&rsquo;s Annual General Meeting held last week made the decision to this effect. According to company&rsquo;s chairman Bikash Thapa, the total deposit has reached Rs 58.9 million and extended a total of Rs 55 million as loans until the end of Fiscal Year 2012-13. It has earned Rs 2.1 million profit in the review period, said the Company.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Citizens Branch at Jajarkot</strong></span></div>
<div>
	Citizens Bank International Ltd has established branch office at Khalanga in Jajarkot. Bank&rsquo;s Assistant General Manager Ganesh Raj Pokhrel inaugurated the newly established branch office amid a function at Khalanga last Friday. Now, the Bank&rsquo;s total number of branches has reached 36. Speaking at the inaugural function, Pokhrel said that the branch was established to provide banking services of international standard to the people of Jajarkot. The customers will get remittance, draft, Visa, ATM Card, modern mobile banking and other banking services from the branch.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders.',
			'sortorder' => '1962',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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		'Article' => array(
			'id' => '2116',
			'article_category_id' => '109',
			'title' => 'Global IME, Emirates, Al Amana Ink Agreement',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/ime(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 250px; height: 53px;" />G</span><span style="font-size: 12px;">lobal IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank&rsquo;s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal. The Bank has 72 branches and 2 thousand 5 hundred agents across the country. Global IME has been providing remittance services in the UAE, Qatar, Bahrain, India, the UK and&nbsp;</span></div>
<div>
	S Korea.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Global IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank’s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal.',
			'sortorder' => '1961',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'user_id' => '0'
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	(int) 8 => array(
		'Article' => array(
			'id' => '2115',
			'article_category_id' => '109',
			'title' => 'Clean Energy Announces Bonus',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/clean.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 63px;" />C</span><span style="font-size: 12px;">lean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect. The decision is, however, subjected to be the approval of the Company&rsquo;s Annual General Meeting and Nepal Rastra Bank. &nbsp;The Bank has posted a profit of Rs 176.8 million in the Fiscal Year 2012-13.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Clean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect.',
			'sortorder' => '1960',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
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		'Article' => array(
			'id' => '2114',
			'article_category_id' => '109',
			'title' => 'Gold Price Down By Rs 400',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. &nbsp;Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. &nbsp;According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged&nbsp;</span></div>
<div>
	to Rs 797.50 last Friday.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.',
			'sortorder' => '1959',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '2113',
			'article_category_id' => '109',
			'title' => 'Shree Investment Announces Dividend',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million',
			'sortorder' => '1958',
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	(int) 11 => array(
		'Article' => array(
			'id' => '2111',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Results Out</strong></span></div>
<div>
	Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Tribhuvan University has also published the result of Masters of Education (M.Ed) second year 2068. The examination of M.Ed second year was held on Marg-Poush-2069. Out of 16,283 who appeared in the exam, 5,772 have passed the exam. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TBC to sponsor National Boxing Competition</strong></span></div>
<div>
	The British College (TBC) signed an agreement with Boxing Association of Nepal to sponsor the men&rsquo;s and women&rsquo;s national boxing competition. &nbsp;According to the agreement, the college will provide Rs 0.3 million to the Association. A five days long competition will be held from December 24 to December 28, informed BAN.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Talk Session @ KUSOM</strong></span></div>
<div>
	A talk session was held at the Kathmandu University School of Management (KUSOM) in Balkumari on November 4. The programme was titled &lsquo;Branding&mdash;Prabal Gurung&rsquo;, and elicited basic tips and pointers from the high-fashion guru on how to effectively brand fashion creations, and boost the local industry. In the event, Gurung shared his experience, struggles and challenges to achieve success.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>One-day Seminar @ NCA</strong></span></div>
<div>
	National College of Accountancy (NCA) organised one day seminar on November 8 in the premises of the college. The NCA organized the seminar to provide information to the future students about the Association of Chartered Certified Accountants (ACCA) course. NCA is the only institution to receive &lsquo;gold-status&rsquo; approved learning partner student training (AALP-ST) certificate from ACCA.&nbsp;</div>
<div>
	Speaking at the event, President of the college Balram Paudel said, &ldquo;The ACCA programme offers opportunity for employment.&rdquo; &nbsp;Students and ACCA members and former students participated in the programme.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Aryans Tech Fest</strong></span></div>
<div>
	The two days &ldquo;Aryans Tech Fest&rdquo; organized by Aryans Group of Colleges concluded on Saturday November 9 with a startling performance given by noted Bollywood Singer Kamal Khan. Heavy rush was witnessed to see the performance of Kamal Khan who specially came from Mumbai to perform in the Fest. Dr Anshu Kataria, Chairman, Aryans Group of Colleges presided over the event. Around 10,000 students as well as farmers, academicians, researchers, professionals etc participated in the two-days Techno Cultural Symposium. Job Fest, Industrial Training Fest, Science Fest, Solar Fest, Robo Fest, Agro Fest, IT Fest etc. were the main attractions of the Fest. The Job Fest drew huge crowd as more than 35 companies were on recruitment spree. A total of 157 out of 1612 candidates were shortlisted for different profiles by these Companies. For Industrial Training, 112 students were shortlisted by around 20 Companies. In Science Fest, the first prize was bagged by Lomas Rishi Public School, while C.M. Public School stood second and for the third prize there was a tie between Patel Public school &amp; Govt. Co Ed Sr. Secondary (NTC) Rajpura. The students showcased their talent and innovative ideas in Science Fest through their creative projects.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.',
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			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '2106',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 37',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 Vol 3 Issue 37',
			'sortorder' => '1956',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '2110',
			'article_category_id' => '151',
			'title' => 'Far West To Get Its  First Medical College',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">ar West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed. &nbsp;The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08. Similarly, the government has allocated 120 million rupees in the next fiscal year for the Far Western University and the medical college projects. Dr. Bhim Singh Tingkari, Executive Director of Geta Medical College Development Committee said that the project could not be implemented due to government&#39;s inability to allocate the total approximate budget of Rs 5 billion for the project.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Dr. Tingkri said that the new committee formed in 2012 under the chairmanship of Chetraj Panta had started working on the project with an objective of opening the medical college within three years for public service. He said that land needed for the medical college has been acquired and environmental impact study of the project is underway. He further added that &quot;Building Design Authority&quot; has been assigned with the responsibility to prepare the master plan including project implementation and cost and time frame analysis. Dr. Tingkri said that the master plan will be ready by January and additional work will be carried out accordingly.</div>
<div>
	&nbsp;</div>
<div>
	The dedication shown by the new committee has brought hopes in the local people. This fiscal year the government has allocated 45 million rupees for this project. The budget has been utilized in conducting environmental impact assessment, in constructing fences around the project site and in preparing the master plan. However, if the project is to complete in time, the government should ensure that adequate budget is allocated in the coming fiscal year, Dr. Tingkri said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Back at the ministry, Under Secretary Thapaliya said that this medical college project is in government&#39;s priority list and expressed confidence that it will receive adequate attention in the coming fiscal year&rsquo;s budget. The ministry is aware that the Far Western Development Region is in need of a fully government owned medical college, Thapaliya said adding that the ministry will therefore provide full support in completing the project.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Depending on the availability of budget and the fulfillment of the commitment expressed by stakeholders, the project could be completed in three years, Dr. Tingkri said. The medical college has initiated process for Expression of Interest at the ministry, the ministry informed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Guru Shankaracharya of Kanchi Kamakoti Peetham of India had taken initiation for constructing a medical college in Far Western Region, way back in 1999. Following the initiatives taken by the committee presided by him, the government had handed over 51 hectares of land for the college. However, the project remained in limbo due to budget shortages and a corresponding delay in the implementation.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Far West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed.  The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08.',
			'sortorder' => '1955',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '2109',
			'article_category_id' => '151',
			'title' => 'Education In Political Parties’ Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Constituent Assembly (CA) election is slated for November 19. &nbsp;Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties. In this issue, The Corporate has analyzed manifestos of these political parties to find out what they intend to do in education sector. Here are the salient pledges made:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&nbsp;</strong></span></div>
<div>
	&bull;20 percent of total budget for education sector</div>
<div>
	&bull;Increasing quality of public education</div>
<div>
	&bull;Controlling commerciali-zation in education</div>
<div>
	&bull;One university in each federal state</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN-UML</strong></span></div>
<div>
	&bull;Ending unproductive education system</div>
<div>
	&bull;All-accessible primary schools</div>
<div>
	&bull;Concept of residential school</div>
<div>
	&bull;Grading system instead of existing percentage-based ranking system</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepali Congress</strong></span></div>
<div>
	&bull;Making teachers responsible towards exams results</div>
<div>
	&bull;Mobilizing the available resources from former students</div>
<div>
	&bull;Compulsory and free education up to grade 12</div>
<div>
	&bull;Making private education institutions responsible and safe</div>
<div>
	&bull;Providing full scholarships to female Dalit student for Engineering and Medicine subjects.</div>
<div>
	&bull;Open University to be established for ensuring higher education for underprivileged.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rastriya Prajatantra Party</strong></span></div>
<div>
	&bull;Ending politicization in education</div>
<div>
	&bull;To establish national commission for improving education sector.</div>
<div>
	&bull;A model public school in every VDC</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Constituent Assembly (CA) election is slated for November 19.  Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties',
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		'Article' => array(
			'id' => '2092',
			'article_category_id' => '91',
			'title' => 'Net Worth Requirement Fro DP Being Revised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By Yagya Banjade</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC). &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	SEBON Chairman Baburam Shrestha said that preparation to review existing minimum net worth requirement for essential infrastructures is underway. Once new net worth requirement is decided, necessary amendments to existing regulations will be made and DP membership will be provided,&nbsp;</div>
<div>
	he added.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Presently companies must have a net worth requirement of Rs 10 million for acquiring a DP membership. &nbsp;Sources have claimed that SEBON is preparing to cut down the current net worth requirement after broker companies expressed reluctance to acquire DP membership citing infeasible net worth requirement.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;SEBON is eager to provide DP membership at the earliest by reviewing the net worth requirement,&rdquo; Shrestha said. &ldquo;To secure the interest of the investors and to ease off the process for entrepreneurs, we are making preparations to amend existing bylaws,&rdquo; he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is mandatory for any company to have separate infrastructure for providing DP services. Therefore SEBON is planning to provide DP membership by deciding the minimum net worth requirement for infrastructure development and business operation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	CDS has already conducted a feasibility study and presented its report to CDS. The report has recommended providing DP membership to any firm having a minimum net worth requirement of Rs 2 million and has added that such firms must be adding Rs 2 million net worth every year, until it reaches Rs 1 billion, source claimed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, this recommendation does not seem to satisfy SEBON. &ldquo;The feasible study focuses on mandatory net worth requirement rather than meeting the requirement within certain period,&rdquo; Shretha said. &nbsp;SEBON is preparing to make such amendments to ensure the participation of the entire securities broker companies that will activate the CDS in an effective way.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The report will acquire legal status after being approved by SEBON&rsquo;s management committee and the Finance Ministry. The process is assumed to take a while for being actualized.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the procedure for amending the provision will take longer time and pointed that broker companies who have not acquired DP membership, citing higher net worth requirement, will have to wait a while to acquire it.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share brokers have requested SEBON to amend the existing regulations to pave way for companies to meet the net worth requirement within a certain time frame. Following indications of approval from the concerned authorities, brokers had conceded to acquire Clearing Membership (CM). Accordingly 49 share broker companies had applied for the membership. Out of them, 22 companies have acquired the CM membership.</div>',
			'published' => true,
			'created' => '2013-11-10',
			'modified' => '2013-11-12',
			'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' => 'Securities Board Of Nepal (SEBON) is setting afoot plans to amend the mandatory net worth requirement for acquiring Depository Participants (DP) license under the Central Depository System Clearing (CDSC).',
			'sortorder' => '1968',
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	(int) 1 => array(
		'Article' => array(
			'id' => '2097',
			'article_category_id' => '138',
			'title' => 'US Embassy Supports Kartik Nach',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By TC Correspondent</strong></div>
<div>
	&nbsp;</div>
<div>
	The US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance. &nbsp;The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests. &quot;This unique form of storytelling through dance, started in the 17th century, has not been performed in its entirety since 1949. &nbsp;With the support of the US Embassy, in partnership with the Alliance for Ecotourism, the full Kartik Nach will be restored and documented,&quot; says the statement. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The US Embassy&rsquo;s support of Kartik Nach was made possible by a grant of $75,300 from the Ambassadors Fund for Cultural Preservation (AFCP). &nbsp;This is the Embassy&rsquo;s first non-tangible cultural heritage project funded by AFCP in Nepal. The embassy hoped that the assistance and grant will revive the centuries-old tradition. &nbsp;The grant will assist the Kartik Nach Preservation Committee to restore the full form of the dance and to document and teach this cultural tradition to a new generation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Kartik Nach festival is an eight-day long dance festival believed to have been introduced by King Siddhi Narsingh Malla in 1637 AD. It is a combination of traditional music and drama based on the story of Lord Narsimha, incarnation of Hindu god Vishnu. The dance will be performed each evening in the month of Kartik in Patan Durbar Square. &nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-12',
			'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 US Embassy hosted a preview of the time-honored Kartik Nach tradition on October 31, 2013. According to a press statement by the embassy, US Deputy Chief of Mission, John Carwile, inaugurated the performance.  The event, held at the U.S. Embassy, brought together performers, Alliance for Ecotourism and Kartik Nach Preservation Committee members and other guests.',
			'sortorder' => '1967',
			'image' => null,
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			'title' => 'Top Ten Losers ( 04 -10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Top Ten Losers',
			'sortorder' => '1966',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'article_category_id' => '111',
			'title' => 'Top Ten Gainers ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1965',
			'image' => null,
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		'Article' => array(
			'id' => '2119',
			'article_category_id' => '112',
			'title' => 'Weekly Gold And Silver Price ( 04 -10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1964',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '2118',
			'article_category_id' => '113',
			'title' => 'US Dollar Exchange Rate At Local Market ( 04 - 10 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => '1963',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '2117',
			'article_category_id' => '109',
			'title' => 'Money Matters News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Om to Issue Debenture</strong></span></div>
<div>
	Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders. The paid-up capital of the Company will reach Rs 325.7 million after distributing bonus shares. The Company has collected a total deposit amount Rs 3.24 billion rupees by mid July of last Fiscal year, while it floated the loan worth Rs 3.24 billion.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>7.37pc Dividend of Axis</strong></span></div>
<div>
	Axis Development Bank Ltd has said that it will distribute 7.37 per cent cash dividend to its share holders. The Annual General Meeting (AGM) of the Bank held at Dhulikhel last Thursday approved the decision of dividend distribution. Chairman Bidur Dhamala presented the financial report of the Fiscal Year 2012-13 during the AGM. According to the report, the Bank has collected the total deposit amount Rs 1.57 billion as of mid July of 1013. The Bank has said that the amount is 51.47 per cent higher than the previous Fiscal Year. &nbsp;Likewise, the total amount of the loan floated by the bank has reached 1.67 billion in the review period. &nbsp;The Company has the paid-up capital of worth Rs 718 million rupees. &nbsp;The Bank, headquartered at Hattisar in Kathmandu, has its branches in Banepa, Khurkhure, Parbatipur, Tandi, Pokhara, Hetauda, Narayangadh, Itahari, Gaighaat and Sindhuli.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Gandaki&rsquo;s Shares Listed</strong></span></div>
<div>
	700,000 units of share worth Rs700 million of Gandaki Development Bank have been listed in Nepal Stock Exchange (NEPSE). The Bank issued this scrip from August 11 to September 15. 3,200,000 units including rights shares of the Bank can now be traded at NEPSE. According to acting chief of the company, the Bank has the authorised capital of Rs 400 million and paid-up capital of Rs 320 million. The Bank, headquartered at Pokhara, has 16 branches in 10 districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Diyo&rsquo;s 15pc Dividend Approved</strong></span></div>
<div>
	Diyo Saving and Credit Cooperative Ltd has decided to distribute 15 per cent dividend to its shareholders. Company&rsquo;s Annual General Meeting held last week made the decision to this effect. According to company&rsquo;s chairman Bikash Thapa, the total deposit has reached Rs 58.9 million and extended a total of Rs 55 million as loans until the end of Fiscal Year 2012-13. It has earned Rs 2.1 million profit in the review period, said the Company.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Citizens Branch at Jajarkot</strong></span></div>
<div>
	Citizens Bank International Ltd has established branch office at Khalanga in Jajarkot. Bank&rsquo;s Assistant General Manager Ganesh Raj Pokhrel inaugurated the newly established branch office amid a function at Khalanga last Friday. Now, the Bank&rsquo;s total number of branches has reached 36. Speaking at the inaugural function, Pokhrel said that the branch was established to provide banking services of international standard to the people of Jajarkot. The customers will get remittance, draft, Visa, ATM Card, modern mobile banking and other banking services from the branch.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Om Finance has said that it is going to issue the debentures. The Annual General Meeting of the Company held recently has granted the authority to the Board of Directors (BOD) to issue debentures worth Rs 200 million. The AGM has also approved the proposal to provide 20 per cent bonus share and 5 per cent cash dividend to its share holders.',
			'sortorder' => '1962',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '2116',
			'article_category_id' => '109',
			'title' => 'Global IME, Emirates, Al Amana Ink Agreement',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/ime(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 250px; height: 53px;" />G</span><span style="font-size: 12px;">lobal IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank&rsquo;s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal. The Bank has 72 branches and 2 thousand 5 hundred agents across the country. Global IME has been providing remittance services in the UAE, Qatar, Bahrain, India, the UK and&nbsp;</span></div>
<div>
	S Korea.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Global IME Bank has struck an agreement with Emirates India International, UAE, and Al Amana Exchange, Qatar. Bank’s Chief Executive Officer (CEO) Ratna Raj Bajracharya, Emirates India International chairman Humaid Mohammed Shattaf and Al Amana Exchange Director Tariq Omar H. A. Almana signed an agreement recently. Following the agreement, money sent from all branches of Al Amana Exchange, Qatara and Emirates India International can be received from any branches of the Global IME Bank in Nepal.',
			'sortorder' => '1961',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '2115',
			'article_category_id' => '109',
			'title' => 'Clean Energy Announces Bonus',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/clean.jpg" style="float: right; margin: 0px 0px 0px 10px;width: 200px; height: 63px;" />C</span><span style="font-size: 12px;">lean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect. The decision is, however, subjected to be the approval of the Company&rsquo;s Annual General Meeting and Nepal Rastra Bank. &nbsp;The Bank has posted a profit of Rs 176.8 million in the Fiscal Year 2012-13.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Clean Energy Development Bank has announced that it will distribute 5 per cent bonus share and 5.52 per cent cash dividend to its share holders. The 135th meeting of the Board of Directors (BOD) of the company held recently made the decision to this effect.',
			'sortorder' => '1960',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '2114',
			'article_category_id' => '109',
			'title' => 'Gold Price Down By Rs 400',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;"><img alt="" src="/userfiles/images/gold(3).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 193px;" />A</span><span style="font-size: 12px;">s the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers&rsquo; Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival. However, it has decreased by Rs 400 per tola last Friday. The precious yellow metal was traded at Rs 56,000 per tola on the day. A trader attributed the price fall to the decrease of demands in the market as well as the fluctuation of the bullion price at the international market. &nbsp;Likewise, the price of silver hjas also declined Rs 8.6 per 10 gram. &nbsp;According to the NEGOSIDA, the silver was traded at Rs 806 per 10 gram on November 1, while the price has plunged&nbsp;</span></div>
<div>
	to Rs 797.50 last Friday.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'As the Tihar festival concludes, the gold price has also started falling. According to the Federation of Gold and Silver Dealers’ Association (NEGOSIDA), the gold was traded at Rs 56,400 per tola on the November 1, the eve of the Tihar festival.',
			'sortorder' => '1959',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '2113',
			'article_category_id' => '109',
			'title' => 'Shree Investment Announces Dividend',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size: 12px;">T</span><span style="font-size: 12px;">he meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million.</span></div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 meeting of the Board of Directors (BOD) of Shree Investment and Finance Company Ltd has decided to distribute 10 per cent bonus share and 10.40 per cent cash dividend. According to the fourth quarter financial report of Fiscal Year 2012-13 of the Finance, the company has been able to register a net profit of Rs 39.6 million',
			'sortorder' => '1958',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '2111',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 11 - 17 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Results Out</strong></span></div>
<div>
	Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, Tribhuvan University has also published the result of Masters of Education (M.Ed) second year 2068. The examination of M.Ed second year was held on Marg-Poush-2069. Out of 16,283 who appeared in the exam, 5,772 have passed the exam. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TBC to sponsor National Boxing Competition</strong></span></div>
<div>
	The British College (TBC) signed an agreement with Boxing Association of Nepal to sponsor the men&rsquo;s and women&rsquo;s national boxing competition. &nbsp;According to the agreement, the college will provide Rs 0.3 million to the Association. A five days long competition will be held from December 24 to December 28, informed BAN.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Talk Session @ KUSOM</strong></span></div>
<div>
	A talk session was held at the Kathmandu University School of Management (KUSOM) in Balkumari on November 4. The programme was titled &lsquo;Branding&mdash;Prabal Gurung&rsquo;, and elicited basic tips and pointers from the high-fashion guru on how to effectively brand fashion creations, and boost the local industry. In the event, Gurung shared his experience, struggles and challenges to achieve success.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>One-day Seminar @ NCA</strong></span></div>
<div>
	National College of Accountancy (NCA) organised one day seminar on November 8 in the premises of the college. The NCA organized the seminar to provide information to the future students about the Association of Chartered Certified Accountants (ACCA) course. NCA is the only institution to receive &lsquo;gold-status&rsquo; approved learning partner student training (AALP-ST) certificate from ACCA.&nbsp;</div>
<div>
	Speaking at the event, President of the college Balram Paudel said, &ldquo;The ACCA programme offers opportunity for employment.&rdquo; &nbsp;Students and ACCA members and former students participated in the programme.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Aryans Tech Fest</strong></span></div>
<div>
	The two days &ldquo;Aryans Tech Fest&rdquo; organized by Aryans Group of Colleges concluded on Saturday November 9 with a startling performance given by noted Bollywood Singer Kamal Khan. Heavy rush was witnessed to see the performance of Kamal Khan who specially came from Mumbai to perform in the Fest. Dr Anshu Kataria, Chairman, Aryans Group of Colleges presided over the event. Around 10,000 students as well as farmers, academicians, researchers, professionals etc participated in the two-days Techno Cultural Symposium. Job Fest, Industrial Training Fest, Science Fest, Solar Fest, Robo Fest, Agro Fest, IT Fest etc. were the main attractions of the Fest. The Job Fest drew huge crowd as more than 35 companies were on recruitment spree. A total of 157 out of 1612 candidates were shortlisted for different profiles by these Companies. For Industrial Training, 112 students were shortlisted by around 20 Companies. In Science Fest, the first prize was bagged by Lomas Rishi Public School, while C.M. Public School stood second and for the third prize there was a tie between Patel Public school &amp; Govt. Co Ed Sr. Secondary (NTC) Rajpura. The students showcased their talent and innovative ideas in Science Fest through their creative projects.&nbsp;</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Tribhuvan University has published the results of Bachelor of Arts (BA) and Bachelor of Business Studies (BBS) third year-2069. The exam of both BA third year and BBS third year were held on Magha-Falgun 2069. Out of 22,081 students who appeared in the exams 8,367 passed in BA III year while 16, 352 passed BBS third year out of 43,940 who appeared.',
			'sortorder' => '1957',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
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	(int) 12 => array(
		'Article' => array(
			'id' => '2106',
			'article_category_id' => '146',
			'title' => 'Visual Edit Vol 3 Issue 37',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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 Vol 3 Issue 37',
			'sortorder' => '1956',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '2110',
			'article_category_id' => '151',
			'title' => 'Far West To Get Its  First Medical College',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	F<span style="font-size: 12px;">ar West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed. &nbsp;The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08. Similarly, the government has allocated 120 million rupees in the next fiscal year for the Far Western University and the medical college projects. Dr. Bhim Singh Tingkari, Executive Director of Geta Medical College Development Committee said that the project could not be implemented due to government&#39;s inability to allocate the total approximate budget of Rs 5 billion for the project.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	Dr. Tingkri said that the new committee formed in 2012 under the chairmanship of Chetraj Panta had started working on the project with an objective of opening the medical college within three years for public service. He said that land needed for the medical college has been acquired and environmental impact study of the project is underway. He further added that &quot;Building Design Authority&quot; has been assigned with the responsibility to prepare the master plan including project implementation and cost and time frame analysis. Dr. Tingkri said that the master plan will be ready by January and additional work will be carried out accordingly.</div>
<div>
	&nbsp;</div>
<div>
	The dedication shown by the new committee has brought hopes in the local people. This fiscal year the government has allocated 45 million rupees for this project. The budget has been utilized in conducting environmental impact assessment, in constructing fences around the project site and in preparing the master plan. However, if the project is to complete in time, the government should ensure that adequate budget is allocated in the coming fiscal year, Dr. Tingkri said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Back at the ministry, Under Secretary Thapaliya said that this medical college project is in government&#39;s priority list and expressed confidence that it will receive adequate attention in the coming fiscal year&rsquo;s budget. The ministry is aware that the Far Western Development Region is in need of a fully government owned medical college, Thapaliya said adding that the ministry will therefore provide full support in completing the project.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Depending on the availability of budget and the fulfillment of the commitment expressed by stakeholders, the project could be completed in three years, Dr. Tingkri said. The medical college has initiated process for Expression of Interest at the ministry, the ministry informed.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Guru Shankaracharya of Kanchi Kamakoti Peetham of India had taken initiation for constructing a medical college in Far Western Region, way back in 1999. Following the initiatives taken by the committee presided by him, the government had handed over 51 hectares of land for the college. However, the project remained in limbo due to budget shortages and a corresponding delay in the implementation.</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Far West is going to get its first ever medical college. This government owned medical college will be established at Geta VDC of Kailali district, Under Secretary at Ministry of Education (MOE), Dr Tulsi Thapaliya informed.  The government had allotted a total of Rs 10 million for implementing this project in the fiscal year 2007/08.',
			'sortorder' => '1955',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '2109',
			'article_category_id' => '151',
			'title' => 'Education In Political Parties’ Manifesto',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Constituent Assembly (CA) election is slated for November 19. &nbsp;Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties. In this issue, The Corporate has analyzed manifestos of these political parties to find out what they intend to do in education sector. Here are the salient pledges made:&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN (Maoist)&nbsp;</strong></span></div>
<div>
	&bull;20 percent of total budget for education sector</div>
<div>
	&bull;Increasing quality of public education</div>
<div>
	&bull;Controlling commerciali-zation in education</div>
<div>
	&bull;One university in each federal state</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>UCPN-UML</strong></span></div>
<div>
	&bull;Ending unproductive education system</div>
<div>
	&bull;All-accessible primary schools</div>
<div>
	&bull;Concept of residential school</div>
<div>
	&bull;Grading system instead of existing percentage-based ranking system</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Nepali Congress</strong></span></div>
<div>
	&bull;Making teachers responsible towards exams results</div>
<div>
	&bull;Mobilizing the available resources from former students</div>
<div>
	&bull;Compulsory and free education up to grade 12</div>
<div>
	&bull;Making private education institutions responsible and safe</div>
<div>
	&bull;Providing full scholarships to female Dalit student for Engineering and Medicine subjects.</div>
<div>
	&bull;Open University to be established for ensuring higher education for underprivileged.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Rastriya Prajatantra Party</strong></span></div>
<div>
	&bull;Ending politicization in education</div>
<div>
	&bull;To establish national commission for improving education sector.</div>
<div>
	&bull;A model public school in every VDC</div>',
			'published' => true,
			'created' => '2013-11-11',
			'modified' => '2013-11-11',
			'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' => 'Constituent Assembly (CA) election is slated for November 19.  Participating political parties have announced their agenda in their manifestos. Education is one of the major components of development. Considering the importance of this sector, political parties have incorporated various programmes and agenda to develop it. Of other programmes, promise for quality free and compulsory education has been made by all major political parties',
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