Nepal’s Gender Gap Narrows

Nov 30, -0001 0 2 minutes 49 seconds to read

…

Ghising Bags Prabhu’s 1kg Silver

Nov 30, -0001 0 44 seconds to read

…

Triveni’s Bonus Share Proposal Approved

Nov 30, -0001 0 14 seconds to read

…

Nepse Down On Profit Booking

Nov 30, -0001 0 2 minutes 58 seconds to read

…

Top Hospitality Colleges In Town

Nov 30, -0001 0 4 minutes 58 seconds to read

…

Learning Curve News In Brief ( 28 October - 3 November 2013)

Nov 30, -0001 0 3 minutes 2 seconds to read

…

Time To Tune Out The Loudmouth

Nov 30, -0001 0 2 minutes 14 seconds to read

…

Nepal Political Economic News In Brief ( 28 October - 3 November 2013)

Nov 30, -0001 0 3 minutes 7 seconds to read

…

Power Trading Growth In India: An Overview

Nov 30, -0001 0 3 minutes 10 seconds to read

…

NRNA Is Not Forum For Politics

Nov 30, -0001 0 2 minutes 43 seconds to read

…

London Can't Become Home Only To The Rich

Nov 30, -0001 0 2 minutes 28 seconds to read

…

Who Will Bell The Cat?

Nov 30, -0001 0 47 seconds to read

…

A Click Here And A Market There: The Growing Camera Business

Nov 30, -0001 0 5 minutes 59 seconds to read

…

Fama, Shiller, Hansen Win Nobel Prize For Asset-Price Work

Nov 30, -0001 0 5 minutes 7 seconds to read

…

Leading Strong: The Saurabh Group

Nov 30, -0001 0 10 minutes 52 seconds to read

…

< previous124412451246124712481249125012511252next >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2022',
			'article_category_id' => '137',
			'title' => 'Nepal’s Gender Gap Narrows',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sanjeev Sharma</strong></div>
<div>
	&nbsp;</div>
<div>
	The gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year&rsquo;s 123rd position. In 2011 and 2010 Nepal was ranked at 126th and 115th position respectively. Neighbouring China and India were ranked 69 and 101 respectively. In the South Asia region, Sri Lanka ranked 55th, Bangladesh 75th, Bhutan 93rd, Maldives 97th and Pakistan came at 135th. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index assesses 136 countries, representing more than 93% of the world&rsquo;s population, on how well resources and opportunities are divided among male and female populations. The report measures the size of the gender inequality gap in four areas: economic participation and opportunity, educational attainment, political empowerment and health and survival. Nepal ranked 116th place in economic participation and opportunity sub-index. &nbsp;Similarly, Nepal&rsquo;s female educational attainment was ranked at 130th place and political empowerment was ranked at 41st place. In female health and survival sub-index, Nepal was placed at 112th position.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal, placed in the low income group countries (US$1,035 or less) in the report, particularly fared well in labour force participation indicator with a rank of 12th position. Nepal&rsquo;s female-to-male ratio was 0.94 in the sub-index. Neighbouring China and India were ranked lower in the indicator with 40th and 124th position respectively. Whereas, the world&rsquo;s largest economy United States stood at 40th position in terms of labour force participation. &nbsp;Similarly, Nepal also did well in terms of female political participation with a rank of 22nd in women in parliament indicator. Germany ranked lower than Nepal in the indicator with 24th position. China along with Bangladesh, Pakistan and India came at 51st, 68th, 69th and 106th places respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal however scored lower in wage equality indicator with a rank of 97th position. China and India were ranked at 60th and 86th place respectively in the indicator. Nepal also pared down in legislators, senior officers and managers indicator with 96th position. However, Nepal performed better than South Korea and Japan who were ranked 105th and 106th respectively. Likewise, Nepal&rsquo;s progress in female literacy was seen sluggish as the country ranked 125th place in the literacy rate indicator. Nepal also didn&rsquo;t achieve any significant gain in female population&rsquo;s health life as it ranked 119th out of 136 countries in the health life expectancy sub-indicator. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	WEF has been publishing the report since 2006. The Philippines ranked highest in Asia-Pacific region (5th place) in the eighth edition of the report primarily due to success in health, education and economic participation. According to the report, Iceland remained at the 1st position for the 5th consecutive year followed by Finland, Norway, Sweden, Ireland, New Zealand, Denmark, Switzerland and Nicaragua. Meanwhile, United States lowered to 23rd from last year&rsquo;s 22nd in the index and Japan dropping to 105th from 101st of 2012. Yemen was the lowest ranking country in the index (136th).</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year’s 123rd position.',
			'sortorder' => '1892',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '2041',
			'article_category_id' => '109',
			'title' => 'Ghising Bags Prabhu’s 1kg Silver',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer&rsquo;s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. &nbsp;The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.',
			'sortorder' => '1891',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '2039',
			'article_category_id' => '109',
			'title' => 'Triveni’s Bonus Share Proposal Approved',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company&rsquo;s upcoming Annual General Assembly.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.',
			'sortorder' => '1890',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2038',
			'article_category_id' => '109',
			'title' => 'Nepse Down On Profit Booking',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in &nbsp;recent weeks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div>
<div>
	&nbsp;</div>
<div>
	The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. &nbsp;The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div>
<div>
	&nbsp;</div>
<div>
	Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. &nbsp;Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div>
<div>
	&nbsp;</div>
<div>
	During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div>
</div>
<div>
	Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'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' => 'Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in  recent weeks. 

The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.',
			'sortorder' => '1889',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2035',
			'article_category_id' => '151',
			'title' => 'Top Hospitality Colleges In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Tourism is an important aspect of Nepal&rsquo;s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these &nbsp;increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Demand for highly skilled and semi-skilled hospitality industry professionals including managers, chefs, waiters, housekeepers, maids etc., seems inevitable. There are number of colleges across the country that are wrangling their muscles to meet this demand of producing productive and efficient hospitality industry professionals.Nepal Academy of Tourism and Hotel Management (NATHAM) and International School of Tourism and Hotel Management (IST) are two of the most prominent institutions in Nepal that have earned reputation in this area.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<img alt="NATHAM" src="/userfiles/images/nathm%20(Copy).jpg" style="width: 500px; height: 267px; margin-left: 10px; margin-right: 10px;" /></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Nepal Academy of Tourism &amp; Hotel Management (NATHAM)</strong></span></div>
<div>
	Nepal Academy of Tourism &amp; Hotel Management (NATHM) has been providing &nbsp;Tourism &amp; Hotel Management Education for the past four decades This institution was established by the government in 1972 with the technical assistance of UNDP and ILO, with the sole objective of producing skilled workforce correspondin to the requirement of the hospitality and tourism industry. Since its inception the Academy has consistently produced qualified and highly skilled human resources that have in turn enhanced quality and standards of the tourism and hospitality services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATH started as vocational training institute that primarily provided craft and supervisory level of skill-oriented trainings.Twenty seven years after its establishment, the Academy finally braced up to provide advanced academic courses in the niche. Corresponding to the demands of the sector, in consultations with industry experts, it started three-years &ldquo;Bachelor in Hotel Management (BHM)&rdquo; Course in 1999. &nbsp;Four years down the road, the academy launched three-year-long &ldquo;Bachelor in Travel and Tourism Management (BTTM)&rdquo;. Both of these courses, affiliated to Tribhuvan University, are aimed to fulfill the needs of supervisory-level manpower in the niche. Within a short span of time, these courses are recognized and renowned across South Asia.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATHAM has established itself as one of the top colleges for hospitality in South Asia. It has well experienced and renowned faculty members, well developed curriculum and business links all over the world. The academy has plans to open up 4-star hotel that would bring industry and institution on the same platform while providing internships to its students as well.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<strong><span style="font-size:14px;"><img alt="Vijaya Shrestha, Director" src="/userfiles/images/us%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 135px;" />Ujjwal Satyal, HOD</span></strong></div>
					<div>
						The first thing a student should do is make sure the college has a well developed and updated syllabus along with experienced faculty members to facilitate. Realtime relationship of the faculties with the business world are equally important to consider. Along with this, infrastructure of the college should also be considered as a metric for evaluating a college. NATHAM is proud to provide all of these to its student while providing supervisory level of skill-oriented trainings that correspond to industry&rsquo;s demands.&nbsp;</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>
<hr />
<div>
	&nbsp;</div>
<div>
	<img alt="IST" src="/userfiles/images/ist%20(Copy).jpg" style="width: 550px; height: 360px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>International School of Tourism and Hotel Management (IST)</strong></span></div>
<div>
	The International School of Tourism and Hotel Management (IST) was established in the year 2003 with an objective to produce world class human resources for the hospitality industry. The school offers various world class academic degrees and training packages. Affiliated to Salzburg University of Applied Sciences (FHS), Austria, IST aims at developing practical, managerial and excellent communication skills by preparing each individual student for a successful career in the hospitality industry.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;It claims to be a center for excellence in hospitality education that provides an enterprising and stimulating environment in which students can learn and develop their potential. The structure of the academic program ensures an international approach to teaching by combining management theory with practical experience. It offers Ministry of Education and Sports approved courses that range from Diploma, Higher Diploma, and Bachelor&rsquo;s level courses in hospitality. Since its inception, the school has established cooperation with numerous national and international universities including in Singapore, Austria, Australia, United Kingdom and in the United States of America.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<span style="font-size:14px;"><strong><img alt="Samjhana Basnyat, Principal" src="/userfiles/images/ss%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 138px;" />Samjhana Basnyat, Principal</strong></span></div>
				<div>
					<div>
						The first thing students should keep in mind while choosing a college, is the affiliation of the college. They should consider whether or not the degree would be of high value in the job market. Infrastructure, course syllabus, reputation of the organisation and reception of its products in the targeted industry are other important factors. We are looking forward to further upgrade our quality standards and add post graduate level courses to our existing world class courses.</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Tourism is an important aspect of Nepal’s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these  increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.',
			'sortorder' => '1888',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2037',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Free Education in 13 Districts</strong></span></div>
<div>
	Government is implementing first phase of its &ldquo;Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase. Under this programme, the students will be receiving free textbooks, day meal, and other educational and reference materials. Likewise, children belonging to economically and socially backward communities will be receiving special support and subsidies in these districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>ICT Devices to Community Schools</strong></span></div>
<div>
	The Department of Education (DoE) has directed Regional Education Directorates (REDs) and District Education Offices (DEOs) to make preparations for installation of Information and Communication Technology (ICT) devices in community schools across the country.The government has allocated Rs 1 billion for providing community-based secondary schools with facilities of ICT by the end of this fiscal year. Under the ICT plan, each secondary school will get five computers, one printer and also will be provided with the internet connection.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Purbanchal University Results Published</strong></span></div>
<div>
	Purbanchal University has published examination results of it various faculties. PU&rsquo;s Office of the Examination Management, Biratnagar published these results during this week. Faculties of who results were published are:&nbsp;</div>
<div>
	&bull;BE (Civil, Electronics and Communication, Computer, Arch.)- VIII,&nbsp;</div>
<div>
	&bull;BIT- VIII,&nbsp;</div>
<div>
	&bull;B.Pharmacy- VIII,&nbsp;</div>
<div>
	&bull;MBA- I &amp; III (Spring),&nbsp;</div>
<div>
	&bull;MBA- II (Fall) Semesters and&nbsp;</div>
<div>
	&bull;BA.LL.B.- I year exam result&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Campaign to Make Bhaktapur Fully Literate Begins</strong></span></div>
<div>
	Campaign has been started to make Bhaktapur, the smallest district of the country, as fully literate district. Literacy classes have been run in each locality with a goal of declaring the district fully literate this year as the total literacy has reached 92 percent. The district is moving forward with a goal of becoming the first literate district as per the campaign to make all citizens from age 15-60 literate. The district has a population of 304,651 as per 2068 BS statistics and 60 percent women and 81 percent men here are literate. The district will become fully literate if now 11,000 people are made literate, said DEO Shankar Prasad Gautam. UNESCO has defined 95 percent literate as fully literate. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU Publishes PCL First Year Exams Schedule</strong></span></div>
<div>
	Tribhuvan University Exam Controller Office has published the examination schedule of PCL first year 2070 for the faculties of Humanities, Management, Education and Science for both regular and private (Full and partial) on Saturday, October 26. The exams are scheduled to start from Mangsir 21.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CTEVT to Require License for Trainers, Teachers</strong></span></div>
<div>
	The Council for Technical Education and Vocational Training (CTEVT) is making teaching licence mandatory for all teachers cum trainers for all the colleges and academic institutions under its affiliation. Organising a press meet CTEVT said that new provision aims to produce more qualified and skilled human resources. According to the new provision school teachers must pass Teachers&rsquo; Service Commission exams to acquire teaching licence.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Government is implementing first phase of its “Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase.',
			'sortorder' => '1887',
			'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' => '2036',
			'article_category_id' => '156',
			'title' => 'Time To Tune Out The Loudmouth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Lindsay Gellman</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 288px;" />It&rsquo;s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they&rsquo;re talking about perform better in problem-solving tasks than those that don&rsquo;t. That&rsquo;s according to a new study from the University of Utah and Idaho State University. &ldquo;We&rsquo;d hope that facts would be the currency of influence,&rdquo; says Bryan L. Bonner, lead author of the study and an associate professor at the University of Utah&rsquo;s David Eccles School of Business. &ldquo;But often, we guess at who&rsquo;s the expert&mdash;and we&rsquo;re wrong.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	People tend to rely too much on &ldquo;messy proxies for expertise&rdquo;&mdash;such as a speaker&rsquo;s confidence level, extroversion, gender and/or race&mdash;and not enough on the content of his or her contributions, when making judgments about expertise, says Mr. Bonner. Doing so can be costly if the group doesn&rsquo;t heed those with the most relevant knowledge, Mr. Bonner says. The correlation between a speaker&rsquo;s confidence and his or her expertise is often &ldquo;very small,&rdquo; he adds.</div>
<div>
	&nbsp;</div>
<div>
	The findings mainly apply to group problem-solving tasks for which there is a correct answer (or answers), such as estimating the number of product units your firm will ship next week or valuating a company, and less so to more subjective tasks, like generating ideas for a marketing campaign, Mr. Bonner says.</div>
<div>
	&nbsp;</div>
<div>
	So how to prevent chatterboxes from taking over a meeting you&rsquo;re running? Instead of launching right into a discussion, frame the meeting as a fact-gathering mission, Mr. Bonner says. Encourage everyone to contribute, he says, and keep a running list of facts to promote shared understanding.</div>
<div>
	&nbsp;</div>
<div>
	Mr. Bonner notes that sometimes, the most vocal team members do in fact know best. &ldquo;If you&rsquo;re listening to the confident people and they&rsquo;re right&mdash;great,&rdquo; he says. Just don&rsquo;t let the expertise of quieter colleagues get lost in the shuffle.</div>
<div>
	<em>(http://blogs.wsj.com/atwork)</em></div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'It’s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they’re talking about perform better in problem-solving tasks than those that don’t.',
			'sortorder' => '1886',
			'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' => '2030',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>People will Defy Bandhs, Says Dahal</strong></span></div>
<div>
	Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections. There is no meaning of the Bandh if we are to draft constitution that addresses their demands as well as the people&rsquo;s rights, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr Wagle Passes Away</strong></span></div>
<div>
	Dr Chitra Prasad Wagle, passed away while struggling with appendix cancer at the Grandy hospital in Kathmandu last Thursday. Dr. Wagle who dedicated most of his medical career in attending the medical needs of rural Nepalese had been struggling with cancer for the past several months. Wagle was admitted at the Hospital on October 19. Prior to this he was treated in Thailand and India. The government had awarded him with &lsquo;Excellence in Health Service Award&rsquo; as recognition of his continous service to the people of rural Argakhanchi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Road Mishap Claims Two</strong></span></div>
<div>
	Two passengers were killed and nine others were injured in Nuwakot district after a truck, they were travelling in, skidded off the road last Monday. Police has identified the deceased as Lalu Maya Tamang, 52, of Kalyanpur-9 and Ram Prasad Adhikari, 50. The mini truck (Ba 1 Kha 8494) heading for Raniswar of Kalyanpur VDC from Bidur Municipality-8, Baguwa, skidded off the road. Truck driver Santosh Tamang, 23, of Thansing-4, two passengers- Sunita Thakuri of Kalyanpur-9 and Srijana Singh Thakuri- have sustained critical injuries in the accident.They were brought to Kathmandu for treatment. Rests of the injured have already returned home after receiving medical attention at Trishuli Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CPN-Maoist Vandalises UML&rsquo;s Poll Materials</strong></span></div>
<div>
	CPN-Maoist, which has vowed to boycott the upcoming CA polls, has vandalised the election materials of CPN-UML in Myagdi last Monday. According to CPN (UML) district secretary Balkrishna Subedi, a group of CPN-Maoist cadres have vandalised materials after confiscating it from the porters, who were taking it to Bhagwati for holding the election campaign there. Subedi accused a group of CPN-Maoist cadres led by district leader Lalu Kisan have vandalised their campaigning materials. The CPN-Maoist said that the local cadres might have vandalised the materials as per the party&rsquo;s policy of boycotting the CA polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CPN-Maoist anti-poll activities illegal&rdquo;</strong></span></div>
<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has termed the CPN-Maoist&rsquo;s anti-poll activities illegal and warned the breakaway party to not repeat it. &ldquo;No one holds a right to disturb the upcoming Constituent Assembly (CA) polls by going against the people&rsquo;s sentiments and wants,&rdquo; he said speaking at a regular weekly press meet organized in the party headquarters, Paris Danda, last Saturday.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Poll waves on our favour&rdquo;</strong></span></div>
<div>
	Nepali Congress vice-president Ram Chandra Poudel has claimed that a nationwide wave in favour of his party has been created on the eve of poll and added that NC will lead the process of promulgating democratic constitution. Talking with the voters last Tuesday in Tanahu, he said, &ldquo;There is trust among the people for the party as it practice what it preaches.&rdquo;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections.',
			'sortorder' => '1885',
			'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' => '2031',
			'article_category_id' => '145',
			'title' => 'Power Trading Growth In India: An Overview',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Pankaj Goel&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	I<span style="font-size: 12px;">ndian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	PTC India Ltd (PTC), the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership. Its primary focus is to develop a commercially vibrant power market in the country.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;PTC is the pioneer in implementing the power trading concept in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Electricity trading has led to optimization of existing energy resources, encouraged commercial outlook in the sector and cross-border exchange of power. This has also catalyzed investment into the power sector, mainly from the private sector&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is worthwhile mentioning here that development of power trading has created market structure facilitating private investment in the sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Power markets world-wide seek to maximize competition in generation, are open to all market participants, and compete on price, not cost.</div>
<div>
	&nbsp;</div>
<div>
	PTC pioneered the concept of power trading in India and it has continued to maintain the top position since inception. That concept was developed to promote private investment in power sector.</div>
<div>
	&nbsp;</div>
<div>
	Long term trading contracts reduce volatility in trading volumes. It helps to enter into long term PPAs with new Independent Power Producers (IPPs) and invest into power projects to increase the trading volume.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It was only after the success of PTC&rsquo;s model, that the Electricity Act 2003 recognized power trading as a distinct licensed activity. Short term power market in India has witnessed rapid growth. It not only grew in volume terms but also as percentage of total electricity generation from 3% in 2008 to 11 per cent in fiscal year 2013.</div>
<div>
	&nbsp;</div>
<div>
	PTC created a power market which is the first of its kind in South Asia. It has been facilitating a transition from cost-based returns to market based returns. PTC has contributed to create value for power &ndash; market based price discovery of power. It helps in optimal utilization of generation capacity and increased generating capacity addition. Short-term and long-term trading opportunities thus created have led to development of Power Exchange and encouraged renewable energy market.</div>
<div>
	&nbsp;</div>
<div>
	It has introduced innovative products suiting customers&rsquo; needs. Similarly, single window service has come into effect to take care of all intermediate requirements like transmission agreements, metering, accounting etc. That engages regulators at Centre/State level towards development of power market.</div>
<div>
	&nbsp;</div>
<div>
	There is possibility of cross-border trade with Nepal. India-Nepal power exchange is at a moderate level that stands at around 100-150 MW. Out of total power supplied to Nepal, PTC supplies 50-70 MUs annually to meet Nepal&rsquo;s emergent load during winter months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Government of Nepal has prioritized hydro power development and encourages private investment. Nepal has enormous 42,000 MW hydro potential but only 2 percent has been exploited so far. Existing India-Nepal transmission links should be strengthened for long-term power trade between two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<em>(The article is based on &nbsp;Goel&rsquo;s presentation made at The Power Summit 2013 organized by IPPAN. Writer is Vice President, Marketing at PTC India)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Indian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.',
			'sortorder' => '1884',
			'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' => '2033',
			'article_category_id' => '144',
			'title' => 'NRNA Is Not Forum For Politics',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In Nepal, politics is often blamed as a game &nbsp;to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word &lsquo;politics&rsquo; and &lsquo;political parties&rsquo; do not have positive connotation due to inefficiency of politicians to deliver what they promise.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Non Resident Nepali Association (NRNA), knowingly or unknowingly, &nbsp;engaged in politics during its recently held NRN International Convention and Sixth Global Conference which took place in Kathmandu from October 19 to 22. As a result, the NRNA was divided according to the wish of political parties which will have &nbsp;long-term adverse impact on the entire organization.</div>
<div>
	&nbsp;</div>
<div>
	NRNA should not be divided on the basis of political affiliation and ideology. Their roadmap should be clear: prosperity of the country. &nbsp;If they want to engage in politics, they should not hesitate to enter politics directly instead of taking other NRNs for a ride to fulfill their political desire .&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If NRNA is sincere in its effort to develop the country and take it to the next level of development, &nbsp;members of the organization should pledge for the actions which they can deliver and abstain from making promises like politicians.</div>
<div>
	&nbsp;</div>
<div>
	NRNA can contribute to the country&rsquo;s prosperity in positive manner in several ways: one, it can spread positive message about the country abroad; second, it can convince investors from the country where they are residing to invest in Nepal; third, transfer expertise and skills they acquire abroad; and fourth, promote tourism activities by visiting Nepal frequently.</div>
<div>
	&nbsp;</div>
<div>
	NRN, following the long established trend, has also started to blame the government as the sole causes of all the problems in the country. Instead of being involved in blame game, NRNs should engage themselves in productive work.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only thing the government can provide NRN is stable policy and environment conducive for investment. NRNs should not expect much from the government rather it should provide constructive suggestions and assistance in government&rsquo;s development initiatives.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Why do people respect NRNs? The answer is clear&mdash; they are expected to be more loyal to the country when compared to other foreign investors. So, they have added responsibilities towards the country like that of Non Resident Indians in India. They have contributed to Indian economy when the economic situation was adverse and foreign investors had been shying away to invest there.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, in spite of blaming the country&rsquo;s economic situation, NRNs should float the option of best investment areas in the existing situation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, we should not expect much from NRNs too. Most of the first generation NRNs has been residing abroad at present and they themselves are struggling to get established. Secondly, they should not come here and suffer loss and it is our duty to assure them the safety of their investment. Together we can lead the country on the road to prosperity.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In Nepal, politics is often blamed as a game  to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word ‘politics’ and ‘political parties’ do not have positive connotation due to inefficiency of politicians to deliver what they promise.',
			'sortorder' => '1883',
			'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' => '2032',
			'article_category_id' => '145',
			'title' => 'London Can't Become Home Only To The Rich',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became &quot;the greenhouse of invention&quot;. Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell&#39;s people were cabinet makers, brass workers and glass shade and globe makers. Elsewhere in the city, new industries flourished, as did the docks and retail. Ladies shopped in &quot;the emporium of the world!&quot;. &quot;Made in London&quot; was a badge of pride. Today, the fattest profits come not from the fruits of questing minds and hard graft but from the new gold, what American writerMichael Goldfarb, in a scathing essay in today&#39;s Observer, calls &quot;the global reserve currency&quot; that is property.</div>
<div>
	&nbsp;</div>
<div>
	&quot;The property market is no longer about people making long-term investment in owning their shelter,&quot; he writes, &quot;but a place for the world&#39;s richest people to park their money at an annualised rate of return of around 10%.&quot; In 2012, an extraordinary &pound;83 bn-worth of properties were purchased mortgage-free in London with no financing.</div>
<div>
	&nbsp;</div>
<div>
	What attracts foreign (and domestic) millionaires and billionaires is not just the rate of return but the coalition&#39;s tax regime. Britain, for instance, has a base corporate tax rate of 23% (due to drop to 20% in 2015). In Germany, it is 29%. Again, while the majority of London&#39;s citizens rightly pay up to 40% or more of their incomes to maintain the hospitals, schools, roads and civic services of the city, the rich are taxed in small change.</div>
<div>
	&nbsp;</div>
<div>
	The impact of London&#39;s property market becoming another global reserve currency where the super rich stash their billions and evade tax will soon be felt in the changing nature of the city&#39;s social and cultural ecology. What price to the capital if, increasingly, teachers, artists, students and civil servants can no longer live, work and contribute to an eclectic social mix?</div>
<div>
	&nbsp;</div>
<div>
	The threat is not just cultural, but economic too. Already some senior business leaders have voiced fears that the capital is likely to lose out to cities such as Berlin in the race to become Europe&#39;s major digital hub since London is simply unaffordable for many young enterprising tech workers. Historically, the cultural industries have been major players in the British economy, but they also play a crucial role in helping create a flourishing, diverse city.</div>
<div>
	&nbsp;</div>
<div>
	That is now under serious threat and there are few, if any, senior political leaders who seem to have an oversight of what is happening. The city needs a strong advocate, one who argues vociferously that the cities that work best are ones that work for everyone. London is no longer that type of city.</div>
<div>
	<em>(The Guardian)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became "the greenhouse of invention". Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell's people were cabinet makers, brass workers and glass shade and globe makers.',
			'sortorder' => '1882',
			'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' => '2034',
			'article_category_id' => '105',
			'title' => 'Who Will Bell The Cat?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money &amp; muscle. This time it should not happen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Somebody from the audience shouted: &ldquo;Then why didn&rsquo;t you stop them at that time?&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There was deathly stillness. Gagan thundered with the pointing fingers at the mass, &lsquo;Who said that?&rdquo; There was no response. After a long and petrified silence, Gagan replied to his question himself, &lsquo;Now you know why.&rdquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money & muscle. This time it should not happen.',
			'sortorder' => '1881',
			'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' => '1992',
			'article_category_id' => '153',
			'title' => 'A Click Here And A Market There: The Growing Camera Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	Everyone has memories &mdash; bitter or sweet. With time memories tend to fade, but if you want your memories to sweeten as they age then thank technology &mdash; the camera is at your service.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Traders say that because of the festive season, the sale of cameras - be it digital or SLR have been increasing. The camera is being recognized as a necessary gadget in today&rsquo;s context. Its significance has increased much in festivals. People prefer cameras to capture moments of joy and during festivals and other occasions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growing Trend</strong></span></div>
<div>
	There are a variety of cameras in the market including digital cameras and high resolution single lens SLRs. Digital cameras are preferred by people as it is easy to carry and easier to handle. Similarly, DSLR cameras are used by people for better quality pictures or to cover wider shots.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the advantages of the digital camera is that there is no limitation in the number of pictures that can be taken. Along with this, the pictures captured can also be transferred to computers and can be developed according to the wish and feasibility of the people. People prefer digital cameras to analog cameras as they cannot capture the picture more than the number set in the photographic film. Traders say that the increasing trend of these digital cameras have an effect on the sale of branded cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growing market of digital cameras clearly shows the growing interest of people towards it. Traders opine that digital cameras have a lot of opportunities in the Nepali market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Camera" src="/userfiles/images/FOCUS1.jpg" style="width: 550px; height: 347px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Brands Available in the Nepali Market</strong></span></div>
<div>
	With a large variety of cameras in the Nepali market, some famous brands available in the market are Canon, Sony, Samsung, Philips, Panasonic, Nikon and others. &nbsp;All authorized dealers of these cameras in the Nepali market have introduced new model cameras during the festive season with a series of offers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The market is full of stores that deal in digital cameras of different brands. &nbsp;Stores in New road like Galaxy Photo, Royal Traders, New Amber Impex, Digital Camera Spot and more deal popular brands like Nikon, Canon, Sony, Samsung, Fuji, Olympus, Panasonic and Kodak for compact digital cameras with one year warranty. These stores also sell professional Digital Single Lens Reflex Camera (DSLR) of all brands mentioned.</div>
<div>
	&nbsp;</div>
<div>
	Primex International - Canon&rsquo;s authorised dealer in Nepal; Him Electronics - authorized dealer of Samsung in Nepal; and NepaHima Trade link - authorized dealer of Sony have introduced a new model of respective cameras on the occasion of Dashain and Tihar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	New Amber Impex also has camera accessories of brand UBCX such as camera bags, tripod, camera case, filter and more as per the requirement of the customers. About the cameras found in Galaxy Photo Mukesh KC, a staff at New Amber Impex informs, &ldquo;The products are from Singapore whereas the brands are Japanese.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most products at these stores are from local authorised dealers where Purushottam Thapa, staff at Royal Traders shares, &ldquo;The brands are all Japanese and the cameras are assembled in China.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There are various kinds of digital cameras available in these stores in Kathmandu where the customers can opt for simple portable compact digital cameras as well as professional DSLRs. According to Sunil Goel, staff at New Amber Impex the brand Sony also has water proof compact digital camera.</div>
<div>
	&nbsp;</div>
<div>
	There are various series where the function and system varies accordingly and he adds, &ldquo;In the compact digital camera of Sony WX50, you can get a panorama function for a wider view and a 3D movie function as well. Likewise, in compact digital cameras of Cannon IXY420F, you will get high mega pixels, full HD, Image Stabiliser with Wifi and a touchscreen.&rdquo; Shopkeepers say that while purchasing a camera one must look into the print order that compact digital cameras offer rather than high megapixels. The quality of print depends upon the print order where Sony has A3 size print order, Cannon has A2 and Samsung has A1.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In portable digital cameras, you can get colours as per your wish ranging from silver, black, pink, blue and more. &ldquo;The camera must have cases or bags. And while handling a compact digital camera, it would be better if you use the strap of the camera while using it,&rdquo;says KC from New Amber Impex.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status in Nepal</strong></span></div>
<div>
	The customers are interested in digital cameras as they can get a high resolution camera in relatively cheaper prices. At a minimum price of Rs 7000, people can get cameras with a focus of 8 megapixels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The traders say that in comparison to the brands of other countries, customers prefer the brands of Japan and Korea. Digital camera of Sony from japan is popular in Nepal. Dinesh Agrawal, Sales Manager of Primex International says that this brand is more popular in the Nepali market as it has various new features in comparison to other old model cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly the price of the digital camera is also decreasing because of high competition between various brands of cameras. These cameras attract customers because of their portability, easy handling features and various features with&nbsp;</div>
<div>
	high quality.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Challenges</strong></span></div>
<div>
	Encouraging growth in sales aside, traders are experiencing various hurdles in this business. Though the competition is very high, traders claim that quality maintenance is not fair in the market. With the plethora of products available in the market, complaints about duplicate products are also on the rise. The growth of unhealthy competition and duplicate products that degrade market credibility is one of the few negative aspects in this business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Photo Shop" src="/userfiles/images/FOC.jpg" style="width: 575px; height: 207px; margin-left: 15px; margin-right: 15px;" /></div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.',
			'sortorder' => '1880',
			'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' => '1977',
			'article_category_id' => '137',
			'title' => 'Fama, Shiller, Hansen Win  Nobel Prize For Asset-Price Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The widespread criticism of economists&rsquo; failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.</div>
<div>
	&nbsp;</div>
<div>
	The Royal Swedish Academy of Sciences awarded the prize to Eugene Fama and Lars Peter Hansen of the ultra-conservative Chicago school alongside Robert Shiller, the liberal Yale economist famous for warning of the US sub-prime housing bubble in 2005. Fama and Hansen, two followers of Milton Friedman&rsquo;s free-market theories, said they were surprised to win the annual prize which they agreed would turn their lives upside down. The academy said it was honouring the three prizewinners for their work examining the way markets work. They will share the prize of Swedish Kroner 8m (&pound;781,782) equally. The academy said the three economists were at the top of their field &ldquo;for their empirical analysis of asset prices that greatly improved our understanding of how financial markets work, when they seem to work well and when they seem to work otherwise&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Fama, 74, is notorious in leftwing circles for denying financial bubbles exist and asserting recessions are a largely unexplainable fixture of capitalism that should be allowed to take their course. His research has examined how external factors such as insider trading and government regulation can distort the workings of financial markets. In the years before the crash he joined other disciples of Friedman, including former Federal Reserve boss Alan Greenspan, in defending the efficient-markets hypothesis that underpinned the deregulation of the banking system.</div>
<div>
	&nbsp;</div>
<div>
	In the aftermath of the banking crash, Fama blamed the US government, arguing its policy of loosening laws restricting access to credit was at the heart of the crisis. He said the banking industry acted rationally in response to distorting incentives put in place by an interfering government. The American mortgage giants, Fannie Mae and Freddie Mac, were encouraged to lower the bar to lending, fuelling the sub-prime boom.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The financial markets were a casualty of the recession, not a cause of it,&rdquo; he told the New Yorker in 2010. Fama has recently specialised in producing models that show the way stock markets and other asset markets work.</div>
<div>
	&nbsp;</div>
<div>
	Hansen, 60, is best known for his work modelling how economic actors cope with risk and changing environments. Fama and Hansen join 87 other Nobel Prize winners affiliated with Chicago University. Their success means eight Nobel winners will be working at the faculty, including six in economics.</div>
<div>
	&nbsp;</div>
<div>
	Shiller, 67, has risen to prominence following a career that has seen him adapt free-market theories to take on board concepts of exuberance and irrationality. Unlike Fama, who denies it is possible to measure whether assets are overpriced, Shiller has documented how markets can fall victim to bubbles that become unsustainable.</div>
<div>
	&nbsp;</div>
<div>
	In a video interview with the Guardian last year he said finance was not about making money but making money work for the good of communities. His book Irrational Exuberance, published in 2000, debunked the idea that markets always price assets efficiently, without triggering bubbles.</div>
<div>
	&nbsp;</div>
<div>
	The academy said: &ldquo;While it is hard to predict whether stock or bond prices will go up or down in the short term, it is possible to foresee movements over periods of three years or longer. These findings, which might seem surprising and contradictory, were made and analysed by this year&rsquo;s laureates.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Americans have dominated the economics awards in recent years; the last time there were no US economists among the winners was in 1999. The Nobel committees have now announced all six of the annual awards for 2013</div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Lars Peter Hansen</strong></span></div>
					<div>
						In another triumph for Chicago University, Hansen, 60, has been rewarded for his work developing a statistical method to test theories of asset pricing.</div>
					<div>
						&nbsp;</div>
					<div>
						In 1982 Hansen presented a statistical theory &ndash; called the Generalized Method of Moments &ndash; then used it to test whether historical share prices were consistent with the best known asset-pricing model at the time. He found the methods being used must be rejected because they failed to explain share movements. As a result, Hansen&rsquo;s work helped confirm Shiller&rsquo;s preliminary findings on bubbles and inspired new research.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Eugene Fama</strong></span></div>
					<div>
						Chicago University states that Fama, 74, &ldquo;is widely recognized as the father of modern finance&rdquo;, although that boast is clearly double-edged given the markets&rsquo; recent performance.</div>
					<div>
						&nbsp;</div>
					<div>
						His views are considered to be the direct opposite of Shiller&rsquo;s, as they are based on the &ldquo;efficient markets hypothesis&rdquo;. This is the idea that markets incorporate all known information about an asset&rsquo;s value, making it pointless trying to predict which way they will move.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Robert Shiller</strong></span></div>
					<div>
						Shiller, 67, is one of the few economists who can claim to have foreseen both the bursting of the dotcom bubble and the US housing crash.</div>
					<div>
						&nbsp;</div>
					<div>
						His prescient book Irrational Exuberance was first published in 2000, and he followed it up with a second edition in 2005, which took the then unfashionable view that US housing looked dangerously overvalued.</div>
					<div>
						&nbsp;</div>
					<div>
						He has given his name &ndash; along with colleague Karl Case &ndash; to the most closely watched housing market indicator in the US, the S&amp;P/Case-Shiller Home Price Index. His most recent book, Finance and the Good Society, is about the benefits of financial innovation.</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'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 widespread criticism of economists’ failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.',
			'sortorder' => '1879',
			'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' => '1973',
			'article_category_id' => '122',
			'title' => 'Leading Strong: The Saurabh Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Bishnu Prasad Neupane,Chairman, Saurabh Group" src="/userfiles/images/BPN.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Bishnu Prasad Neupane</strong></div>
					<div>
						<em>Chairman, Saurabh Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Saurabh Group, one of the leading industrial houses of Nepal is planning to establish a large scale cement factory in Sunawal, Nawalparasi. Bishnu Prasad Neupane, Chairman of the group says this new factory will be producing 400,000 metric tonnes of clinker in the first stage and expand it to 1 million metric tonnes of clinker at the end of 2015. The factory &nbsp;has set a target to begin production by February 2014.</div>
<div>
	&nbsp;</div>
<div>
	This factory has been established with an authorised capital of Rs 4000 million. It is one of the largest cement factories of Nepal that produce their own clinker. The factory has 45 per cent shareholding of a Hong Kong based company, Krishna Holdings Limited. &nbsp;The factory is spread over 30 bighas of land and the mine is spread over an area of 20 square kilometres for extracting limestone.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that this factory uses the latest technology that is not only efficient but also energy saving. He adds the technology installed in the factory is different than those used in Nepal and consumes 50 per cent less energy. All machineries for this project are imported from Denmark and manufactured by FLSmidth Private Limited.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Expansion Drive</strong></span></div>
<div>
	The group has always been prioritising the expansion of its factories. Last year, the group had a major expansion on its laminated sacks factory, Jagdamba Synthetics Pvt Ltd. New technology was installed and all upgraded machineries were imported from Austria. The factory has an installed production capacity of 1.5 million metres of fabrics per day. Neupane claims that it is the largest woven sacks factory in South East Asia. He adds, &ldquo;We are proud to say that we are the largest producer and exporter of woven sacks in Nepal.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jagdamba Synthetics was established around 13 years ago and the latest addition is the new process of producing laminated bags. Neupane claims that this company has the capacity to produce the thinnest fibres in the entire South Asian region with quality consistency. He says that quality consistency has helped the company export 90 per cent of its production to India.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group has plans to convert its 15 storey building in Bhaktapur into a hotel as a part of its plan to move into the tourism industry. This three-star hotel will come into operation in a few years tying up with an international chain. Neupane says that it will be a unique hotel that utilises green technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Manufacturing Focus<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	The group in its initial days was involved in trading business. &nbsp;When Neupane separated from his family business and started his own, he had little experience in the manufacturing sector. He partnered with Shanker Lal Agrawal who was also in the trading business then. It was around 1996 when he and his partner Agrawal thought about entering into the manufacturing industry. Agrawal had the experience of running Jagdamba Steel and Neupane, who is also an engineer, had thoughts of establishing a cement factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2001, the group started the construction of a woven sacks factory that produces bags for cement packaging. Construction was completed in 2003 and production began in the same year. Similarly, the group moved into spinning and tea gardening and processing. It was followed by the establishment of Jagdamba Roto Packaging factory. Likewise, the group also moved into pashmina, steels and other construction material production. Sarbottam Cement would be the latest addition to the construction material production business of the group.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;I always had a desire to go for production based industries especially on construction material rather than the service industry,&rdquo; Neupane says. He was often suggested to venture into more profitable sectors such as real estate and gold trading but they never lured him. Though the group is still involved in trading, it is the manufacturing sector that gives Neupane an immense pleasure. He says that the manufacturing sector creates employment for a good number of people and benefits society with both backward and forward linkages. The Saurabh group has been employing 2600 people at the moment in all of its companies.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Turning Point</strong></span></div>
<div>
	When democracy was restored in the country in 1990, it was a new beginning for the Saurabh Group as well. The group&rsquo;s major industries were established in the 1990s. The liberal policies of the government encouraged industrialists like Neupane to establish new companies. The easier licensing policies and laws were a sort of relief for them. In the mid-1990s to early 2000s, the group came up with its major companies. This was the same period when the armed insurgency was escalating and businessmen were realizing that the situation is unfavourable for making investments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Neupane says his companies were least affected by the armed conflict being located in urban areas of the Tarai region. However, when the conflict ended and the country was moving towards conflict resolution, the political events of 2005-2006 took its toll on companies in the Tarai by disrupting the operation of factories. Neupane says that bandhs and strikes are a part of life and industrialists must be immune to such incidents.</div>
<div>
	&nbsp;</div>
<div>
	The cement factory was one of the major establishments of the group in the early 1990s. The group&rsquo;s course changed when Neupane thought of establishing his own cement bags factory while the general trend was to import bags from abroad as local production was insufficient. This very move led the group to be the largest producer of woven sacks in the South East Asian region at present.</div>
<div>
	&nbsp;</div>
<div>
	Neupane considers the group&rsquo;s move to establish a cement factory that totally depends on local raw materials as another turning point. The group came up with the idea of producing cement by manufacturing clinker using local limestone when a majority of industries were importing clinker. This gave the company the benefit to get a strong foothold in the market as one of the producers of cement in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Coverage</strong></span></div>
<div>
	According to Neupane, 90 per cent of the total production of Jagdamba Spinning Mills is exported to India while the remaining 10 per cent is supplied to local textile manufacturers. Similarly, products of Jagdamba Roto Packaging are supplied to confectioneries, biscuits and noodles producer for packaging and wrappers.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that the largest market of cement is Kathmandu Valley and its periphery where 40 per cent of the group&rsquo;s production is consumed. Out of around 1 billion sacks of cement produced by the group, 40 million sacks are consumed in Kathmandu Valley alone, says Neupane. He expects the groups&rsquo; market share on cement to increase to 20 per cent once Sarbottam Cement&rsquo;s production enters the market.</div>
<div>
	&nbsp;</div>
<div>
	When offering products to the market, the group abides by three fundamentals: quantity, quality and consistency. Neupane says that producing larger quantities helps to achieve economies of scale and also gives an edge to competition. Similarly, quality is the prime focus of the group and he says that any complaints on quality are taken seriously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="SAURAV GROUP" src="/userfiles/images/spotlight1(1).jpg" style="width: 550px; height: 243px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Brief History</strong></span></div>
					<div>
						<div>
							The Saurabh Group&rsquo;s products can be found also in Myanmar. Till the 1960&rsquo;s, Bishnu Prasad Neupane&rsquo;s father, Lila Ram Neupane, was doing retail business alongside running a butter processing factory in Lashio town in the Shan state of Myanmar. After Buddhism was made the state religion in the 1960s, people of Nepali and Indian origin were forced to leave the country. Lila Ram Neupane made a decision to leave Myanmar and resettle in Nepal and started his own business with a wholesale store of textiles in Bhairahawa. During that time, textiles were brought from Kathmandu and distributed there. Later, he also took dealership of the National Trading and Salt Trading Limited.</div>
						<div>
							&nbsp;</div>
						<div>
							It was in 1964 when the business took shape of a group and was further diversified. Bishnu Prasad Neupane took up responsibility in 1986 and started the Jagadamba Cement Industries, his first manufacturing venture, in the early 1990s.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							Saurabh Photo International, the authorized distributor of Konka products, was in the agency trading business since 1990 and has a strong presence in the market. Currently, the group is mainly involved in the production of cement, steel, tea, spun yarn, PP Woven fabrics, calcium carbonates and other such products. The group&rsquo;s trading activities continue with imports of Konka products, Citizen watch components and other Chinese products. There are 14 companies under the group and some companies are operating under a joint venture with Shanker Group, another business house of Nepal. Today, the Saurabh Group registers an annual turnover of Rs 5 billion, Rs 4 billion, and Rs 2 billion from its cement, spinning and synthetic production, respectively.</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">Saurabh Group of Companies</span></strong></div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Laxmi Steel Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Tea Estates Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Photo International</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Tea Processing Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Synthetics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Spinning Mills Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Cement Industries Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Roto Packaging Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree Jagdamba Builders Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Diamonds Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Commerz and Trust Bank Nepal</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree J Cement Mill Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Force Electronics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Sarbottam Cement Pvt Ltd&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">CSR</span></strong></div>
						<div>
							The Saurabh group and the Neupane family have a good reputation in Rupandehi district not only for business but also for their contribution to society. The business house has contributed over Rs 100 million for social work in the area. Along with institutional corporate social responsibility (CSR) activities, the Neupane family has been carrying out philanthropic activities on a personal scale. A separate trust has been established and run by the family. This trust was established by Neupane&rsquo;s father and every year, at least Rs 2.5 million is donated by the family for social work. According to Neupane, donations amounted to Rs 2.7 million last year. He modestly says, &ldquo;This is not our CSR activity and is not for any commercial benefit. Within our family, there are three business groups and all of them contribute to the trust to make it an independent social entity.&rdquo; Neupane says that the group does not take any credit for the trust&rsquo;s activities.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							The trust supports government hospitals, schools and government organisations. Neupane says that most schools in Rupandehi and Nawalparasi districts have received support from the trust. Similarly, Jagdamba Cement has recently initiated ambulance services. It also carries out social training programmes for various activities such as cancer relief activity. Likewise, the group also awards people and their social and non-profit organisations that have made good contributions to society. The company has been providing cement to construct buildings of such organisations at cost price.</div>
					</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-20',
			'modified' => '2013-10-28',
			'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' => 'Saurabh Group, one of the leading industrial houses of Nepal has been registering an annual turnover of Rs 18 billion and targets to raise it to Rs 20 billion at the end of the running fiscal year.',
			'sortorder' => '1878',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]Code Context//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2022',
			'article_category_id' => '137',
			'title' => 'Nepal’s Gender Gap Narrows',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sanjeev Sharma</strong></div>
<div>
	&nbsp;</div>
<div>
	The gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year&rsquo;s 123rd position. In 2011 and 2010 Nepal was ranked at 126th and 115th position respectively. Neighbouring China and India were ranked 69 and 101 respectively. In the South Asia region, Sri Lanka ranked 55th, Bangladesh 75th, Bhutan 93rd, Maldives 97th and Pakistan came at 135th. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index assesses 136 countries, representing more than 93% of the world&rsquo;s population, on how well resources and opportunities are divided among male and female populations. The report measures the size of the gender inequality gap in four areas: economic participation and opportunity, educational attainment, political empowerment and health and survival. Nepal ranked 116th place in economic participation and opportunity sub-index. &nbsp;Similarly, Nepal&rsquo;s female educational attainment was ranked at 130th place and political empowerment was ranked at 41st place. In female health and survival sub-index, Nepal was placed at 112th position.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal, placed in the low income group countries (US$1,035 or less) in the report, particularly fared well in labour force participation indicator with a rank of 12th position. Nepal&rsquo;s female-to-male ratio was 0.94 in the sub-index. Neighbouring China and India were ranked lower in the indicator with 40th and 124th position respectively. Whereas, the world&rsquo;s largest economy United States stood at 40th position in terms of labour force participation. &nbsp;Similarly, Nepal also did well in terms of female political participation with a rank of 22nd in women in parliament indicator. Germany ranked lower than Nepal in the indicator with 24th position. China along with Bangladesh, Pakistan and India came at 51st, 68th, 69th and 106th places respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal however scored lower in wage equality indicator with a rank of 97th position. China and India were ranked at 60th and 86th place respectively in the indicator. Nepal also pared down in legislators, senior officers and managers indicator with 96th position. However, Nepal performed better than South Korea and Japan who were ranked 105th and 106th respectively. Likewise, Nepal&rsquo;s progress in female literacy was seen sluggish as the country ranked 125th place in the literacy rate indicator. Nepal also didn&rsquo;t achieve any significant gain in female population&rsquo;s health life as it ranked 119th out of 136 countries in the health life expectancy sub-indicator. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	WEF has been publishing the report since 2006. The Philippines ranked highest in Asia-Pacific region (5th place) in the eighth edition of the report primarily due to success in health, education and economic participation. According to the report, Iceland remained at the 1st position for the 5th consecutive year followed by Finland, Norway, Sweden, Ireland, New Zealand, Denmark, Switzerland and Nicaragua. Meanwhile, United States lowered to 23rd from last year&rsquo;s 22nd in the index and Japan dropping to 105th from 101st of 2012. Yemen was the lowest ranking country in the index (136th).</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year’s 123rd position.',
			'sortorder' => '1892',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '2041',
			'article_category_id' => '109',
			'title' => 'Ghising Bags Prabhu’s 1kg Silver',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer&rsquo;s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. &nbsp;The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.',
			'sortorder' => '1891',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '2039',
			'article_category_id' => '109',
			'title' => 'Triveni’s Bonus Share Proposal Approved',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company&rsquo;s upcoming Annual General Assembly.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.',
			'sortorder' => '1890',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2038',
			'article_category_id' => '109',
			'title' => 'Nepse Down On Profit Booking',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in &nbsp;recent weeks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div>
<div>
	&nbsp;</div>
<div>
	The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. &nbsp;The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div>
<div>
	&nbsp;</div>
<div>
	Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. &nbsp;Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div>
<div>
	&nbsp;</div>
<div>
	During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div>
</div>
<div>
	Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'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' => 'Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in  recent weeks. 

The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.',
			'sortorder' => '1889',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2035',
			'article_category_id' => '151',
			'title' => 'Top Hospitality Colleges In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Tourism is an important aspect of Nepal&rsquo;s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these &nbsp;increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Demand for highly skilled and semi-skilled hospitality industry professionals including managers, chefs, waiters, housekeepers, maids etc., seems inevitable. There are number of colleges across the country that are wrangling their muscles to meet this demand of producing productive and efficient hospitality industry professionals.Nepal Academy of Tourism and Hotel Management (NATHAM) and International School of Tourism and Hotel Management (IST) are two of the most prominent institutions in Nepal that have earned reputation in this area.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<img alt="NATHAM" src="/userfiles/images/nathm%20(Copy).jpg" style="width: 500px; height: 267px; margin-left: 10px; margin-right: 10px;" /></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Nepal Academy of Tourism &amp; Hotel Management (NATHAM)</strong></span></div>
<div>
	Nepal Academy of Tourism &amp; Hotel Management (NATHM) has been providing &nbsp;Tourism &amp; Hotel Management Education for the past four decades This institution was established by the government in 1972 with the technical assistance of UNDP and ILO, with the sole objective of producing skilled workforce correspondin to the requirement of the hospitality and tourism industry. Since its inception the Academy has consistently produced qualified and highly skilled human resources that have in turn enhanced quality and standards of the tourism and hospitality services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATH started as vocational training institute that primarily provided craft and supervisory level of skill-oriented trainings.Twenty seven years after its establishment, the Academy finally braced up to provide advanced academic courses in the niche. Corresponding to the demands of the sector, in consultations with industry experts, it started three-years &ldquo;Bachelor in Hotel Management (BHM)&rdquo; Course in 1999. &nbsp;Four years down the road, the academy launched three-year-long &ldquo;Bachelor in Travel and Tourism Management (BTTM)&rdquo;. Both of these courses, affiliated to Tribhuvan University, are aimed to fulfill the needs of supervisory-level manpower in the niche. Within a short span of time, these courses are recognized and renowned across South Asia.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATHAM has established itself as one of the top colleges for hospitality in South Asia. It has well experienced and renowned faculty members, well developed curriculum and business links all over the world. The academy has plans to open up 4-star hotel that would bring industry and institution on the same platform while providing internships to its students as well.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<strong><span style="font-size:14px;"><img alt="Vijaya Shrestha, Director" src="/userfiles/images/us%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 135px;" />Ujjwal Satyal, HOD</span></strong></div>
					<div>
						The first thing a student should do is make sure the college has a well developed and updated syllabus along with experienced faculty members to facilitate. Realtime relationship of the faculties with the business world are equally important to consider. Along with this, infrastructure of the college should also be considered as a metric for evaluating a college. NATHAM is proud to provide all of these to its student while providing supervisory level of skill-oriented trainings that correspond to industry&rsquo;s demands.&nbsp;</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>
<hr />
<div>
	&nbsp;</div>
<div>
	<img alt="IST" src="/userfiles/images/ist%20(Copy).jpg" style="width: 550px; height: 360px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>International School of Tourism and Hotel Management (IST)</strong></span></div>
<div>
	The International School of Tourism and Hotel Management (IST) was established in the year 2003 with an objective to produce world class human resources for the hospitality industry. The school offers various world class academic degrees and training packages. Affiliated to Salzburg University of Applied Sciences (FHS), Austria, IST aims at developing practical, managerial and excellent communication skills by preparing each individual student for a successful career in the hospitality industry.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;It claims to be a center for excellence in hospitality education that provides an enterprising and stimulating environment in which students can learn and develop their potential. The structure of the academic program ensures an international approach to teaching by combining management theory with practical experience. It offers Ministry of Education and Sports approved courses that range from Diploma, Higher Diploma, and Bachelor&rsquo;s level courses in hospitality. Since its inception, the school has established cooperation with numerous national and international universities including in Singapore, Austria, Australia, United Kingdom and in the United States of America.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<span style="font-size:14px;"><strong><img alt="Samjhana Basnyat, Principal" src="/userfiles/images/ss%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 138px;" />Samjhana Basnyat, Principal</strong></span></div>
				<div>
					<div>
						The first thing students should keep in mind while choosing a college, is the affiliation of the college. They should consider whether or not the degree would be of high value in the job market. Infrastructure, course syllabus, reputation of the organisation and reception of its products in the targeted industry are other important factors. We are looking forward to further upgrade our quality standards and add post graduate level courses to our existing world class courses.</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Tourism is an important aspect of Nepal’s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these  increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.',
			'sortorder' => '1888',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2037',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Free Education in 13 Districts</strong></span></div>
<div>
	Government is implementing first phase of its &ldquo;Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase. Under this programme, the students will be receiving free textbooks, day meal, and other educational and reference materials. Likewise, children belonging to economically and socially backward communities will be receiving special support and subsidies in these districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>ICT Devices to Community Schools</strong></span></div>
<div>
	The Department of Education (DoE) has directed Regional Education Directorates (REDs) and District Education Offices (DEOs) to make preparations for installation of Information and Communication Technology (ICT) devices in community schools across the country.The government has allocated Rs 1 billion for providing community-based secondary schools with facilities of ICT by the end of this fiscal year. Under the ICT plan, each secondary school will get five computers, one printer and also will be provided with the internet connection.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Purbanchal University Results Published</strong></span></div>
<div>
	Purbanchal University has published examination results of it various faculties. PU&rsquo;s Office of the Examination Management, Biratnagar published these results during this week. Faculties of who results were published are:&nbsp;</div>
<div>
	&bull;BE (Civil, Electronics and Communication, Computer, Arch.)- VIII,&nbsp;</div>
<div>
	&bull;BIT- VIII,&nbsp;</div>
<div>
	&bull;B.Pharmacy- VIII,&nbsp;</div>
<div>
	&bull;MBA- I &amp; III (Spring),&nbsp;</div>
<div>
	&bull;MBA- II (Fall) Semesters and&nbsp;</div>
<div>
	&bull;BA.LL.B.- I year exam result&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Campaign to Make Bhaktapur Fully Literate Begins</strong></span></div>
<div>
	Campaign has been started to make Bhaktapur, the smallest district of the country, as fully literate district. Literacy classes have been run in each locality with a goal of declaring the district fully literate this year as the total literacy has reached 92 percent. The district is moving forward with a goal of becoming the first literate district as per the campaign to make all citizens from age 15-60 literate. The district has a population of 304,651 as per 2068 BS statistics and 60 percent women and 81 percent men here are literate. The district will become fully literate if now 11,000 people are made literate, said DEO Shankar Prasad Gautam. UNESCO has defined 95 percent literate as fully literate. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU Publishes PCL First Year Exams Schedule</strong></span></div>
<div>
	Tribhuvan University Exam Controller Office has published the examination schedule of PCL first year 2070 for the faculties of Humanities, Management, Education and Science for both regular and private (Full and partial) on Saturday, October 26. The exams are scheduled to start from Mangsir 21.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CTEVT to Require License for Trainers, Teachers</strong></span></div>
<div>
	The Council for Technical Education and Vocational Training (CTEVT) is making teaching licence mandatory for all teachers cum trainers for all the colleges and academic institutions under its affiliation. Organising a press meet CTEVT said that new provision aims to produce more qualified and skilled human resources. According to the new provision school teachers must pass Teachers&rsquo; Service Commission exams to acquire teaching licence.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Government is implementing first phase of its “Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase.',
			'sortorder' => '1887',
			'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' => '2036',
			'article_category_id' => '156',
			'title' => 'Time To Tune Out The Loudmouth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Lindsay Gellman</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 288px;" />It&rsquo;s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they&rsquo;re talking about perform better in problem-solving tasks than those that don&rsquo;t. That&rsquo;s according to a new study from the University of Utah and Idaho State University. &ldquo;We&rsquo;d hope that facts would be the currency of influence,&rdquo; says Bryan L. Bonner, lead author of the study and an associate professor at the University of Utah&rsquo;s David Eccles School of Business. &ldquo;But often, we guess at who&rsquo;s the expert&mdash;and we&rsquo;re wrong.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	People tend to rely too much on &ldquo;messy proxies for expertise&rdquo;&mdash;such as a speaker&rsquo;s confidence level, extroversion, gender and/or race&mdash;and not enough on the content of his or her contributions, when making judgments about expertise, says Mr. Bonner. Doing so can be costly if the group doesn&rsquo;t heed those with the most relevant knowledge, Mr. Bonner says. The correlation between a speaker&rsquo;s confidence and his or her expertise is often &ldquo;very small,&rdquo; he adds.</div>
<div>
	&nbsp;</div>
<div>
	The findings mainly apply to group problem-solving tasks for which there is a correct answer (or answers), such as estimating the number of product units your firm will ship next week or valuating a company, and less so to more subjective tasks, like generating ideas for a marketing campaign, Mr. Bonner says.</div>
<div>
	&nbsp;</div>
<div>
	So how to prevent chatterboxes from taking over a meeting you&rsquo;re running? Instead of launching right into a discussion, frame the meeting as a fact-gathering mission, Mr. Bonner says. Encourage everyone to contribute, he says, and keep a running list of facts to promote shared understanding.</div>
<div>
	&nbsp;</div>
<div>
	Mr. Bonner notes that sometimes, the most vocal team members do in fact know best. &ldquo;If you&rsquo;re listening to the confident people and they&rsquo;re right&mdash;great,&rdquo; he says. Just don&rsquo;t let the expertise of quieter colleagues get lost in the shuffle.</div>
<div>
	<em>(http://blogs.wsj.com/atwork)</em></div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'It’s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they’re talking about perform better in problem-solving tasks than those that don’t.',
			'sortorder' => '1886',
			'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' => '2030',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>People will Defy Bandhs, Says Dahal</strong></span></div>
<div>
	Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections. There is no meaning of the Bandh if we are to draft constitution that addresses their demands as well as the people&rsquo;s rights, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr Wagle Passes Away</strong></span></div>
<div>
	Dr Chitra Prasad Wagle, passed away while struggling with appendix cancer at the Grandy hospital in Kathmandu last Thursday. Dr. Wagle who dedicated most of his medical career in attending the medical needs of rural Nepalese had been struggling with cancer for the past several months. Wagle was admitted at the Hospital on October 19. Prior to this he was treated in Thailand and India. The government had awarded him with &lsquo;Excellence in Health Service Award&rsquo; as recognition of his continous service to the people of rural Argakhanchi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Road Mishap Claims Two</strong></span></div>
<div>
	Two passengers were killed and nine others were injured in Nuwakot district after a truck, they were travelling in, skidded off the road last Monday. Police has identified the deceased as Lalu Maya Tamang, 52, of Kalyanpur-9 and Ram Prasad Adhikari, 50. The mini truck (Ba 1 Kha 8494) heading for Raniswar of Kalyanpur VDC from Bidur Municipality-8, Baguwa, skidded off the road. Truck driver Santosh Tamang, 23, of Thansing-4, two passengers- Sunita Thakuri of Kalyanpur-9 and Srijana Singh Thakuri- have sustained critical injuries in the accident.They were brought to Kathmandu for treatment. Rests of the injured have already returned home after receiving medical attention at Trishuli Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CPN-Maoist Vandalises UML&rsquo;s Poll Materials</strong></span></div>
<div>
	CPN-Maoist, which has vowed to boycott the upcoming CA polls, has vandalised the election materials of CPN-UML in Myagdi last Monday. According to CPN (UML) district secretary Balkrishna Subedi, a group of CPN-Maoist cadres have vandalised materials after confiscating it from the porters, who were taking it to Bhagwati for holding the election campaign there. Subedi accused a group of CPN-Maoist cadres led by district leader Lalu Kisan have vandalised their campaigning materials. The CPN-Maoist said that the local cadres might have vandalised the materials as per the party&rsquo;s policy of boycotting the CA polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CPN-Maoist anti-poll activities illegal&rdquo;</strong></span></div>
<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has termed the CPN-Maoist&rsquo;s anti-poll activities illegal and warned the breakaway party to not repeat it. &ldquo;No one holds a right to disturb the upcoming Constituent Assembly (CA) polls by going against the people&rsquo;s sentiments and wants,&rdquo; he said speaking at a regular weekly press meet organized in the party headquarters, Paris Danda, last Saturday.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Poll waves on our favour&rdquo;</strong></span></div>
<div>
	Nepali Congress vice-president Ram Chandra Poudel has claimed that a nationwide wave in favour of his party has been created on the eve of poll and added that NC will lead the process of promulgating democratic constitution. Talking with the voters last Tuesday in Tanahu, he said, &ldquo;There is trust among the people for the party as it practice what it preaches.&rdquo;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections.',
			'sortorder' => '1885',
			'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' => '2031',
			'article_category_id' => '145',
			'title' => 'Power Trading Growth In India: An Overview',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Pankaj Goel&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	I<span style="font-size: 12px;">ndian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	PTC India Ltd (PTC), the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership. Its primary focus is to develop a commercially vibrant power market in the country.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;PTC is the pioneer in implementing the power trading concept in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Electricity trading has led to optimization of existing energy resources, encouraged commercial outlook in the sector and cross-border exchange of power. This has also catalyzed investment into the power sector, mainly from the private sector&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is worthwhile mentioning here that development of power trading has created market structure facilitating private investment in the sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Power markets world-wide seek to maximize competition in generation, are open to all market participants, and compete on price, not cost.</div>
<div>
	&nbsp;</div>
<div>
	PTC pioneered the concept of power trading in India and it has continued to maintain the top position since inception. That concept was developed to promote private investment in power sector.</div>
<div>
	&nbsp;</div>
<div>
	Long term trading contracts reduce volatility in trading volumes. It helps to enter into long term PPAs with new Independent Power Producers (IPPs) and invest into power projects to increase the trading volume.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It was only after the success of PTC&rsquo;s model, that the Electricity Act 2003 recognized power trading as a distinct licensed activity. Short term power market in India has witnessed rapid growth. It not only grew in volume terms but also as percentage of total electricity generation from 3% in 2008 to 11 per cent in fiscal year 2013.</div>
<div>
	&nbsp;</div>
<div>
	PTC created a power market which is the first of its kind in South Asia. It has been facilitating a transition from cost-based returns to market based returns. PTC has contributed to create value for power &ndash; market based price discovery of power. It helps in optimal utilization of generation capacity and increased generating capacity addition. Short-term and long-term trading opportunities thus created have led to development of Power Exchange and encouraged renewable energy market.</div>
<div>
	&nbsp;</div>
<div>
	It has introduced innovative products suiting customers&rsquo; needs. Similarly, single window service has come into effect to take care of all intermediate requirements like transmission agreements, metering, accounting etc. That engages regulators at Centre/State level towards development of power market.</div>
<div>
	&nbsp;</div>
<div>
	There is possibility of cross-border trade with Nepal. India-Nepal power exchange is at a moderate level that stands at around 100-150 MW. Out of total power supplied to Nepal, PTC supplies 50-70 MUs annually to meet Nepal&rsquo;s emergent load during winter months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Government of Nepal has prioritized hydro power development and encourages private investment. Nepal has enormous 42,000 MW hydro potential but only 2 percent has been exploited so far. Existing India-Nepal transmission links should be strengthened for long-term power trade between two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<em>(The article is based on &nbsp;Goel&rsquo;s presentation made at The Power Summit 2013 organized by IPPAN. Writer is Vice President, Marketing at PTC India)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Indian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.',
			'sortorder' => '1884',
			'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' => '2033',
			'article_category_id' => '144',
			'title' => 'NRNA Is Not Forum For Politics',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In Nepal, politics is often blamed as a game &nbsp;to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word &lsquo;politics&rsquo; and &lsquo;political parties&rsquo; do not have positive connotation due to inefficiency of politicians to deliver what they promise.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Non Resident Nepali Association (NRNA), knowingly or unknowingly, &nbsp;engaged in politics during its recently held NRN International Convention and Sixth Global Conference which took place in Kathmandu from October 19 to 22. As a result, the NRNA was divided according to the wish of political parties which will have &nbsp;long-term adverse impact on the entire organization.</div>
<div>
	&nbsp;</div>
<div>
	NRNA should not be divided on the basis of political affiliation and ideology. Their roadmap should be clear: prosperity of the country. &nbsp;If they want to engage in politics, they should not hesitate to enter politics directly instead of taking other NRNs for a ride to fulfill their political desire .&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If NRNA is sincere in its effort to develop the country and take it to the next level of development, &nbsp;members of the organization should pledge for the actions which they can deliver and abstain from making promises like politicians.</div>
<div>
	&nbsp;</div>
<div>
	NRNA can contribute to the country&rsquo;s prosperity in positive manner in several ways: one, it can spread positive message about the country abroad; second, it can convince investors from the country where they are residing to invest in Nepal; third, transfer expertise and skills they acquire abroad; and fourth, promote tourism activities by visiting Nepal frequently.</div>
<div>
	&nbsp;</div>
<div>
	NRN, following the long established trend, has also started to blame the government as the sole causes of all the problems in the country. Instead of being involved in blame game, NRNs should engage themselves in productive work.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only thing the government can provide NRN is stable policy and environment conducive for investment. NRNs should not expect much from the government rather it should provide constructive suggestions and assistance in government&rsquo;s development initiatives.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Why do people respect NRNs? The answer is clear&mdash; they are expected to be more loyal to the country when compared to other foreign investors. So, they have added responsibilities towards the country like that of Non Resident Indians in India. They have contributed to Indian economy when the economic situation was adverse and foreign investors had been shying away to invest there.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, in spite of blaming the country&rsquo;s economic situation, NRNs should float the option of best investment areas in the existing situation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, we should not expect much from NRNs too. Most of the first generation NRNs has been residing abroad at present and they themselves are struggling to get established. Secondly, they should not come here and suffer loss and it is our duty to assure them the safety of their investment. Together we can lead the country on the road to prosperity.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In Nepal, politics is often blamed as a game  to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word ‘politics’ and ‘political parties’ do not have positive connotation due to inefficiency of politicians to deliver what they promise.',
			'sortorder' => '1883',
			'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' => '2032',
			'article_category_id' => '145',
			'title' => 'London Can't Become Home Only To The Rich',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became &quot;the greenhouse of invention&quot;. Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell&#39;s people were cabinet makers, brass workers and glass shade and globe makers. Elsewhere in the city, new industries flourished, as did the docks and retail. Ladies shopped in &quot;the emporium of the world!&quot;. &quot;Made in London&quot; was a badge of pride. Today, the fattest profits come not from the fruits of questing minds and hard graft but from the new gold, what American writerMichael Goldfarb, in a scathing essay in today&#39;s Observer, calls &quot;the global reserve currency&quot; that is property.</div>
<div>
	&nbsp;</div>
<div>
	&quot;The property market is no longer about people making long-term investment in owning their shelter,&quot; he writes, &quot;but a place for the world&#39;s richest people to park their money at an annualised rate of return of around 10%.&quot; In 2012, an extraordinary &pound;83 bn-worth of properties were purchased mortgage-free in London with no financing.</div>
<div>
	&nbsp;</div>
<div>
	What attracts foreign (and domestic) millionaires and billionaires is not just the rate of return but the coalition&#39;s tax regime. Britain, for instance, has a base corporate tax rate of 23% (due to drop to 20% in 2015). In Germany, it is 29%. Again, while the majority of London&#39;s citizens rightly pay up to 40% or more of their incomes to maintain the hospitals, schools, roads and civic services of the city, the rich are taxed in small change.</div>
<div>
	&nbsp;</div>
<div>
	The impact of London&#39;s property market becoming another global reserve currency where the super rich stash their billions and evade tax will soon be felt in the changing nature of the city&#39;s social and cultural ecology. What price to the capital if, increasingly, teachers, artists, students and civil servants can no longer live, work and contribute to an eclectic social mix?</div>
<div>
	&nbsp;</div>
<div>
	The threat is not just cultural, but economic too. Already some senior business leaders have voiced fears that the capital is likely to lose out to cities such as Berlin in the race to become Europe&#39;s major digital hub since London is simply unaffordable for many young enterprising tech workers. Historically, the cultural industries have been major players in the British economy, but they also play a crucial role in helping create a flourishing, diverse city.</div>
<div>
	&nbsp;</div>
<div>
	That is now under serious threat and there are few, if any, senior political leaders who seem to have an oversight of what is happening. The city needs a strong advocate, one who argues vociferously that the cities that work best are ones that work for everyone. London is no longer that type of city.</div>
<div>
	<em>(The Guardian)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became "the greenhouse of invention". Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell's people were cabinet makers, brass workers and glass shade and globe makers.',
			'sortorder' => '1882',
			'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' => '2034',
			'article_category_id' => '105',
			'title' => 'Who Will Bell The Cat?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money &amp; muscle. This time it should not happen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Somebody from the audience shouted: &ldquo;Then why didn&rsquo;t you stop them at that time?&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There was deathly stillness. Gagan thundered with the pointing fingers at the mass, &lsquo;Who said that?&rdquo; There was no response. After a long and petrified silence, Gagan replied to his question himself, &lsquo;Now you know why.&rdquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money & muscle. This time it should not happen.',
			'sortorder' => '1881',
			'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' => '1992',
			'article_category_id' => '153',
			'title' => 'A Click Here And A Market There: The Growing Camera Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	Everyone has memories &mdash; bitter or sweet. With time memories tend to fade, but if you want your memories to sweeten as they age then thank technology &mdash; the camera is at your service.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Traders say that because of the festive season, the sale of cameras - be it digital or SLR have been increasing. The camera is being recognized as a necessary gadget in today&rsquo;s context. Its significance has increased much in festivals. People prefer cameras to capture moments of joy and during festivals and other occasions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growing Trend</strong></span></div>
<div>
	There are a variety of cameras in the market including digital cameras and high resolution single lens SLRs. Digital cameras are preferred by people as it is easy to carry and easier to handle. Similarly, DSLR cameras are used by people for better quality pictures or to cover wider shots.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the advantages of the digital camera is that there is no limitation in the number of pictures that can be taken. Along with this, the pictures captured can also be transferred to computers and can be developed according to the wish and feasibility of the people. People prefer digital cameras to analog cameras as they cannot capture the picture more than the number set in the photographic film. Traders say that the increasing trend of these digital cameras have an effect on the sale of branded cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growing market of digital cameras clearly shows the growing interest of people towards it. Traders opine that digital cameras have a lot of opportunities in the Nepali market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Camera" src="/userfiles/images/FOCUS1.jpg" style="width: 550px; height: 347px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Brands Available in the Nepali Market</strong></span></div>
<div>
	With a large variety of cameras in the Nepali market, some famous brands available in the market are Canon, Sony, Samsung, Philips, Panasonic, Nikon and others. &nbsp;All authorized dealers of these cameras in the Nepali market have introduced new model cameras during the festive season with a series of offers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The market is full of stores that deal in digital cameras of different brands. &nbsp;Stores in New road like Galaxy Photo, Royal Traders, New Amber Impex, Digital Camera Spot and more deal popular brands like Nikon, Canon, Sony, Samsung, Fuji, Olympus, Panasonic and Kodak for compact digital cameras with one year warranty. These stores also sell professional Digital Single Lens Reflex Camera (DSLR) of all brands mentioned.</div>
<div>
	&nbsp;</div>
<div>
	Primex International - Canon&rsquo;s authorised dealer in Nepal; Him Electronics - authorized dealer of Samsung in Nepal; and NepaHima Trade link - authorized dealer of Sony have introduced a new model of respective cameras on the occasion of Dashain and Tihar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	New Amber Impex also has camera accessories of brand UBCX such as camera bags, tripod, camera case, filter and more as per the requirement of the customers. About the cameras found in Galaxy Photo Mukesh KC, a staff at New Amber Impex informs, &ldquo;The products are from Singapore whereas the brands are Japanese.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most products at these stores are from local authorised dealers where Purushottam Thapa, staff at Royal Traders shares, &ldquo;The brands are all Japanese and the cameras are assembled in China.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There are various kinds of digital cameras available in these stores in Kathmandu where the customers can opt for simple portable compact digital cameras as well as professional DSLRs. According to Sunil Goel, staff at New Amber Impex the brand Sony also has water proof compact digital camera.</div>
<div>
	&nbsp;</div>
<div>
	There are various series where the function and system varies accordingly and he adds, &ldquo;In the compact digital camera of Sony WX50, you can get a panorama function for a wider view and a 3D movie function as well. Likewise, in compact digital cameras of Cannon IXY420F, you will get high mega pixels, full HD, Image Stabiliser with Wifi and a touchscreen.&rdquo; Shopkeepers say that while purchasing a camera one must look into the print order that compact digital cameras offer rather than high megapixels. The quality of print depends upon the print order where Sony has A3 size print order, Cannon has A2 and Samsung has A1.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In portable digital cameras, you can get colours as per your wish ranging from silver, black, pink, blue and more. &ldquo;The camera must have cases or bags. And while handling a compact digital camera, it would be better if you use the strap of the camera while using it,&rdquo;says KC from New Amber Impex.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status in Nepal</strong></span></div>
<div>
	The customers are interested in digital cameras as they can get a high resolution camera in relatively cheaper prices. At a minimum price of Rs 7000, people can get cameras with a focus of 8 megapixels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The traders say that in comparison to the brands of other countries, customers prefer the brands of Japan and Korea. Digital camera of Sony from japan is popular in Nepal. Dinesh Agrawal, Sales Manager of Primex International says that this brand is more popular in the Nepali market as it has various new features in comparison to other old model cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly the price of the digital camera is also decreasing because of high competition between various brands of cameras. These cameras attract customers because of their portability, easy handling features and various features with&nbsp;</div>
<div>
	high quality.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Challenges</strong></span></div>
<div>
	Encouraging growth in sales aside, traders are experiencing various hurdles in this business. Though the competition is very high, traders claim that quality maintenance is not fair in the market. With the plethora of products available in the market, complaints about duplicate products are also on the rise. The growth of unhealthy competition and duplicate products that degrade market credibility is one of the few negative aspects in this business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Photo Shop" src="/userfiles/images/FOC.jpg" style="width: 575px; height: 207px; margin-left: 15px; margin-right: 15px;" /></div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.',
			'sortorder' => '1880',
			'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' => '1977',
			'article_category_id' => '137',
			'title' => 'Fama, Shiller, Hansen Win  Nobel Prize For Asset-Price Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The widespread criticism of economists&rsquo; failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.</div>
<div>
	&nbsp;</div>
<div>
	The Royal Swedish Academy of Sciences awarded the prize to Eugene Fama and Lars Peter Hansen of the ultra-conservative Chicago school alongside Robert Shiller, the liberal Yale economist famous for warning of the US sub-prime housing bubble in 2005. Fama and Hansen, two followers of Milton Friedman&rsquo;s free-market theories, said they were surprised to win the annual prize which they agreed would turn their lives upside down. The academy said it was honouring the three prizewinners for their work examining the way markets work. They will share the prize of Swedish Kroner 8m (&pound;781,782) equally. The academy said the three economists were at the top of their field &ldquo;for their empirical analysis of asset prices that greatly improved our understanding of how financial markets work, when they seem to work well and when they seem to work otherwise&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Fama, 74, is notorious in leftwing circles for denying financial bubbles exist and asserting recessions are a largely unexplainable fixture of capitalism that should be allowed to take their course. His research has examined how external factors such as insider trading and government regulation can distort the workings of financial markets. In the years before the crash he joined other disciples of Friedman, including former Federal Reserve boss Alan Greenspan, in defending the efficient-markets hypothesis that underpinned the deregulation of the banking system.</div>
<div>
	&nbsp;</div>
<div>
	In the aftermath of the banking crash, Fama blamed the US government, arguing its policy of loosening laws restricting access to credit was at the heart of the crisis. He said the banking industry acted rationally in response to distorting incentives put in place by an interfering government. The American mortgage giants, Fannie Mae and Freddie Mac, were encouraged to lower the bar to lending, fuelling the sub-prime boom.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The financial markets were a casualty of the recession, not a cause of it,&rdquo; he told the New Yorker in 2010. Fama has recently specialised in producing models that show the way stock markets and other asset markets work.</div>
<div>
	&nbsp;</div>
<div>
	Hansen, 60, is best known for his work modelling how economic actors cope with risk and changing environments. Fama and Hansen join 87 other Nobel Prize winners affiliated with Chicago University. Their success means eight Nobel winners will be working at the faculty, including six in economics.</div>
<div>
	&nbsp;</div>
<div>
	Shiller, 67, has risen to prominence following a career that has seen him adapt free-market theories to take on board concepts of exuberance and irrationality. Unlike Fama, who denies it is possible to measure whether assets are overpriced, Shiller has documented how markets can fall victim to bubbles that become unsustainable.</div>
<div>
	&nbsp;</div>
<div>
	In a video interview with the Guardian last year he said finance was not about making money but making money work for the good of communities. His book Irrational Exuberance, published in 2000, debunked the idea that markets always price assets efficiently, without triggering bubbles.</div>
<div>
	&nbsp;</div>
<div>
	The academy said: &ldquo;While it is hard to predict whether stock or bond prices will go up or down in the short term, it is possible to foresee movements over periods of three years or longer. These findings, which might seem surprising and contradictory, were made and analysed by this year&rsquo;s laureates.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Americans have dominated the economics awards in recent years; the last time there were no US economists among the winners was in 1999. The Nobel committees have now announced all six of the annual awards for 2013</div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Lars Peter Hansen</strong></span></div>
					<div>
						In another triumph for Chicago University, Hansen, 60, has been rewarded for his work developing a statistical method to test theories of asset pricing.</div>
					<div>
						&nbsp;</div>
					<div>
						In 1982 Hansen presented a statistical theory &ndash; called the Generalized Method of Moments &ndash; then used it to test whether historical share prices were consistent with the best known asset-pricing model at the time. He found the methods being used must be rejected because they failed to explain share movements. As a result, Hansen&rsquo;s work helped confirm Shiller&rsquo;s preliminary findings on bubbles and inspired new research.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Eugene Fama</strong></span></div>
					<div>
						Chicago University states that Fama, 74, &ldquo;is widely recognized as the father of modern finance&rdquo;, although that boast is clearly double-edged given the markets&rsquo; recent performance.</div>
					<div>
						&nbsp;</div>
					<div>
						His views are considered to be the direct opposite of Shiller&rsquo;s, as they are based on the &ldquo;efficient markets hypothesis&rdquo;. This is the idea that markets incorporate all known information about an asset&rsquo;s value, making it pointless trying to predict which way they will move.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Robert Shiller</strong></span></div>
					<div>
						Shiller, 67, is one of the few economists who can claim to have foreseen both the bursting of the dotcom bubble and the US housing crash.</div>
					<div>
						&nbsp;</div>
					<div>
						His prescient book Irrational Exuberance was first published in 2000, and he followed it up with a second edition in 2005, which took the then unfashionable view that US housing looked dangerously overvalued.</div>
					<div>
						&nbsp;</div>
					<div>
						He has given his name &ndash; along with colleague Karl Case &ndash; to the most closely watched housing market indicator in the US, the S&amp;P/Case-Shiller Home Price Index. His most recent book, Finance and the Good Society, is about the benefits of financial innovation.</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'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 widespread criticism of economists’ failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.',
			'sortorder' => '1879',
			'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' => '1973',
			'article_category_id' => '122',
			'title' => 'Leading Strong: The Saurabh Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Bishnu Prasad Neupane,Chairman, Saurabh Group" src="/userfiles/images/BPN.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Bishnu Prasad Neupane</strong></div>
					<div>
						<em>Chairman, Saurabh Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Saurabh Group, one of the leading industrial houses of Nepal is planning to establish a large scale cement factory in Sunawal, Nawalparasi. Bishnu Prasad Neupane, Chairman of the group says this new factory will be producing 400,000 metric tonnes of clinker in the first stage and expand it to 1 million metric tonnes of clinker at the end of 2015. The factory &nbsp;has set a target to begin production by February 2014.</div>
<div>
	&nbsp;</div>
<div>
	This factory has been established with an authorised capital of Rs 4000 million. It is one of the largest cement factories of Nepal that produce their own clinker. The factory has 45 per cent shareholding of a Hong Kong based company, Krishna Holdings Limited. &nbsp;The factory is spread over 30 bighas of land and the mine is spread over an area of 20 square kilometres for extracting limestone.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that this factory uses the latest technology that is not only efficient but also energy saving. He adds the technology installed in the factory is different than those used in Nepal and consumes 50 per cent less energy. All machineries for this project are imported from Denmark and manufactured by FLSmidth Private Limited.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Expansion Drive</strong></span></div>
<div>
	The group has always been prioritising the expansion of its factories. Last year, the group had a major expansion on its laminated sacks factory, Jagdamba Synthetics Pvt Ltd. New technology was installed and all upgraded machineries were imported from Austria. The factory has an installed production capacity of 1.5 million metres of fabrics per day. Neupane claims that it is the largest woven sacks factory in South East Asia. He adds, &ldquo;We are proud to say that we are the largest producer and exporter of woven sacks in Nepal.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jagdamba Synthetics was established around 13 years ago and the latest addition is the new process of producing laminated bags. Neupane claims that this company has the capacity to produce the thinnest fibres in the entire South Asian region with quality consistency. He says that quality consistency has helped the company export 90 per cent of its production to India.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group has plans to convert its 15 storey building in Bhaktapur into a hotel as a part of its plan to move into the tourism industry. This three-star hotel will come into operation in a few years tying up with an international chain. Neupane says that it will be a unique hotel that utilises green technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Manufacturing Focus<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	The group in its initial days was involved in trading business. &nbsp;When Neupane separated from his family business and started his own, he had little experience in the manufacturing sector. He partnered with Shanker Lal Agrawal who was also in the trading business then. It was around 1996 when he and his partner Agrawal thought about entering into the manufacturing industry. Agrawal had the experience of running Jagdamba Steel and Neupane, who is also an engineer, had thoughts of establishing a cement factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2001, the group started the construction of a woven sacks factory that produces bags for cement packaging. Construction was completed in 2003 and production began in the same year. Similarly, the group moved into spinning and tea gardening and processing. It was followed by the establishment of Jagdamba Roto Packaging factory. Likewise, the group also moved into pashmina, steels and other construction material production. Sarbottam Cement would be the latest addition to the construction material production business of the group.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;I always had a desire to go for production based industries especially on construction material rather than the service industry,&rdquo; Neupane says. He was often suggested to venture into more profitable sectors such as real estate and gold trading but they never lured him. Though the group is still involved in trading, it is the manufacturing sector that gives Neupane an immense pleasure. He says that the manufacturing sector creates employment for a good number of people and benefits society with both backward and forward linkages. The Saurabh group has been employing 2600 people at the moment in all of its companies.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Turning Point</strong></span></div>
<div>
	When democracy was restored in the country in 1990, it was a new beginning for the Saurabh Group as well. The group&rsquo;s major industries were established in the 1990s. The liberal policies of the government encouraged industrialists like Neupane to establish new companies. The easier licensing policies and laws were a sort of relief for them. In the mid-1990s to early 2000s, the group came up with its major companies. This was the same period when the armed insurgency was escalating and businessmen were realizing that the situation is unfavourable for making investments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Neupane says his companies were least affected by the armed conflict being located in urban areas of the Tarai region. However, when the conflict ended and the country was moving towards conflict resolution, the political events of 2005-2006 took its toll on companies in the Tarai by disrupting the operation of factories. Neupane says that bandhs and strikes are a part of life and industrialists must be immune to such incidents.</div>
<div>
	&nbsp;</div>
<div>
	The cement factory was one of the major establishments of the group in the early 1990s. The group&rsquo;s course changed when Neupane thought of establishing his own cement bags factory while the general trend was to import bags from abroad as local production was insufficient. This very move led the group to be the largest producer of woven sacks in the South East Asian region at present.</div>
<div>
	&nbsp;</div>
<div>
	Neupane considers the group&rsquo;s move to establish a cement factory that totally depends on local raw materials as another turning point. The group came up with the idea of producing cement by manufacturing clinker using local limestone when a majority of industries were importing clinker. This gave the company the benefit to get a strong foothold in the market as one of the producers of cement in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Coverage</strong></span></div>
<div>
	According to Neupane, 90 per cent of the total production of Jagdamba Spinning Mills is exported to India while the remaining 10 per cent is supplied to local textile manufacturers. Similarly, products of Jagdamba Roto Packaging are supplied to confectioneries, biscuits and noodles producer for packaging and wrappers.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that the largest market of cement is Kathmandu Valley and its periphery where 40 per cent of the group&rsquo;s production is consumed. Out of around 1 billion sacks of cement produced by the group, 40 million sacks are consumed in Kathmandu Valley alone, says Neupane. He expects the groups&rsquo; market share on cement to increase to 20 per cent once Sarbottam Cement&rsquo;s production enters the market.</div>
<div>
	&nbsp;</div>
<div>
	When offering products to the market, the group abides by three fundamentals: quantity, quality and consistency. Neupane says that producing larger quantities helps to achieve economies of scale and also gives an edge to competition. Similarly, quality is the prime focus of the group and he says that any complaints on quality are taken seriously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="SAURAV GROUP" src="/userfiles/images/spotlight1(1).jpg" style="width: 550px; height: 243px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Brief History</strong></span></div>
					<div>
						<div>
							The Saurabh Group&rsquo;s products can be found also in Myanmar. Till the 1960&rsquo;s, Bishnu Prasad Neupane&rsquo;s father, Lila Ram Neupane, was doing retail business alongside running a butter processing factory in Lashio town in the Shan state of Myanmar. After Buddhism was made the state religion in the 1960s, people of Nepali and Indian origin were forced to leave the country. Lila Ram Neupane made a decision to leave Myanmar and resettle in Nepal and started his own business with a wholesale store of textiles in Bhairahawa. During that time, textiles were brought from Kathmandu and distributed there. Later, he also took dealership of the National Trading and Salt Trading Limited.</div>
						<div>
							&nbsp;</div>
						<div>
							It was in 1964 when the business took shape of a group and was further diversified. Bishnu Prasad Neupane took up responsibility in 1986 and started the Jagadamba Cement Industries, his first manufacturing venture, in the early 1990s.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							Saurabh Photo International, the authorized distributor of Konka products, was in the agency trading business since 1990 and has a strong presence in the market. Currently, the group is mainly involved in the production of cement, steel, tea, spun yarn, PP Woven fabrics, calcium carbonates and other such products. The group&rsquo;s trading activities continue with imports of Konka products, Citizen watch components and other Chinese products. There are 14 companies under the group and some companies are operating under a joint venture with Shanker Group, another business house of Nepal. Today, the Saurabh Group registers an annual turnover of Rs 5 billion, Rs 4 billion, and Rs 2 billion from its cement, spinning and synthetic production, respectively.</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">Saurabh Group of Companies</span></strong></div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Laxmi Steel Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Tea Estates Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Photo International</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Tea Processing Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Synthetics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Spinning Mills Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Cement Industries Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Roto Packaging Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree Jagdamba Builders Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Diamonds Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Commerz and Trust Bank Nepal</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree J Cement Mill Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Force Electronics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Sarbottam Cement Pvt Ltd&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">CSR</span></strong></div>
						<div>
							The Saurabh group and the Neupane family have a good reputation in Rupandehi district not only for business but also for their contribution to society. The business house has contributed over Rs 100 million for social work in the area. Along with institutional corporate social responsibility (CSR) activities, the Neupane family has been carrying out philanthropic activities on a personal scale. A separate trust has been established and run by the family. This trust was established by Neupane&rsquo;s father and every year, at least Rs 2.5 million is donated by the family for social work. According to Neupane, donations amounted to Rs 2.7 million last year. He modestly says, &ldquo;This is not our CSR activity and is not for any commercial benefit. Within our family, there are three business groups and all of them contribute to the trust to make it an independent social entity.&rdquo; Neupane says that the group does not take any credit for the trust&rsquo;s activities.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							The trust supports government hospitals, schools and government organisations. Neupane says that most schools in Rupandehi and Nawalparasi districts have received support from the trust. Similarly, Jagdamba Cement has recently initiated ambulance services. It also carries out social training programmes for various activities such as cancer relief activity. Likewise, the group also awards people and their social and non-profit organisations that have made good contributions to society. The company has been providing cement to construct buildings of such organisations at cost price.</div>
					</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-20',
			'modified' => '2013-10-28',
			'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' => 'Saurabh Group, one of the leading industrial houses of Nepal has been registering an annual turnover of Rs 18 billion and targets to raise it to Rs 20 billion at the end of the running fiscal year.',
			'sortorder' => '1878',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

file not found!

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2022',
			'article_category_id' => '137',
			'title' => 'Nepal’s Gender Gap Narrows',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sanjeev Sharma</strong></div>
<div>
	&nbsp;</div>
<div>
	The gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year&rsquo;s 123rd position. In 2011 and 2010 Nepal was ranked at 126th and 115th position respectively. Neighbouring China and India were ranked 69 and 101 respectively. In the South Asia region, Sri Lanka ranked 55th, Bangladesh 75th, Bhutan 93rd, Maldives 97th and Pakistan came at 135th. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index assesses 136 countries, representing more than 93% of the world&rsquo;s population, on how well resources and opportunities are divided among male and female populations. The report measures the size of the gender inequality gap in four areas: economic participation and opportunity, educational attainment, political empowerment and health and survival. Nepal ranked 116th place in economic participation and opportunity sub-index. &nbsp;Similarly, Nepal&rsquo;s female educational attainment was ranked at 130th place and political empowerment was ranked at 41st place. In female health and survival sub-index, Nepal was placed at 112th position.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal, placed in the low income group countries (US$1,035 or less) in the report, particularly fared well in labour force participation indicator with a rank of 12th position. Nepal&rsquo;s female-to-male ratio was 0.94 in the sub-index. Neighbouring China and India were ranked lower in the indicator with 40th and 124th position respectively. Whereas, the world&rsquo;s largest economy United States stood at 40th position in terms of labour force participation. &nbsp;Similarly, Nepal also did well in terms of female political participation with a rank of 22nd in women in parliament indicator. Germany ranked lower than Nepal in the indicator with 24th position. China along with Bangladesh, Pakistan and India came at 51st, 68th, 69th and 106th places respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal however scored lower in wage equality indicator with a rank of 97th position. China and India were ranked at 60th and 86th place respectively in the indicator. Nepal also pared down in legislators, senior officers and managers indicator with 96th position. However, Nepal performed better than South Korea and Japan who were ranked 105th and 106th respectively. Likewise, Nepal&rsquo;s progress in female literacy was seen sluggish as the country ranked 125th place in the literacy rate indicator. Nepal also didn&rsquo;t achieve any significant gain in female population&rsquo;s health life as it ranked 119th out of 136 countries in the health life expectancy sub-indicator. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	WEF has been publishing the report since 2006. The Philippines ranked highest in Asia-Pacific region (5th place) in the eighth edition of the report primarily due to success in health, education and economic participation. According to the report, Iceland remained at the 1st position for the 5th consecutive year followed by Finland, Norway, Sweden, Ireland, New Zealand, Denmark, Switzerland and Nicaragua. Meanwhile, United States lowered to 23rd from last year&rsquo;s 22nd in the index and Japan dropping to 105th from 101st of 2012. Yemen was the lowest ranking country in the index (136th).</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year’s 123rd position.',
			'sortorder' => '1892',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '2041',
			'article_category_id' => '109',
			'title' => 'Ghising Bags Prabhu’s 1kg Silver',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer&rsquo;s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. &nbsp;The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.',
			'sortorder' => '1891',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '2039',
			'article_category_id' => '109',
			'title' => 'Triveni’s Bonus Share Proposal Approved',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company&rsquo;s upcoming Annual General Assembly.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.',
			'sortorder' => '1890',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2038',
			'article_category_id' => '109',
			'title' => 'Nepse Down On Profit Booking',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in &nbsp;recent weeks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div>
<div>
	&nbsp;</div>
<div>
	The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. &nbsp;The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div>
<div>
	&nbsp;</div>
<div>
	Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. &nbsp;Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div>
<div>
	&nbsp;</div>
<div>
	During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div>
</div>
<div>
	Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'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' => 'Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in  recent weeks. 

The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.',
			'sortorder' => '1889',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2035',
			'article_category_id' => '151',
			'title' => 'Top Hospitality Colleges In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Tourism is an important aspect of Nepal&rsquo;s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these &nbsp;increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Demand for highly skilled and semi-skilled hospitality industry professionals including managers, chefs, waiters, housekeepers, maids etc., seems inevitable. There are number of colleges across the country that are wrangling their muscles to meet this demand of producing productive and efficient hospitality industry professionals.Nepal Academy of Tourism and Hotel Management (NATHAM) and International School of Tourism and Hotel Management (IST) are two of the most prominent institutions in Nepal that have earned reputation in this area.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<img alt="NATHAM" src="/userfiles/images/nathm%20(Copy).jpg" style="width: 500px; height: 267px; margin-left: 10px; margin-right: 10px;" /></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Nepal Academy of Tourism &amp; Hotel Management (NATHAM)</strong></span></div>
<div>
	Nepal Academy of Tourism &amp; Hotel Management (NATHM) has been providing &nbsp;Tourism &amp; Hotel Management Education for the past four decades This institution was established by the government in 1972 with the technical assistance of UNDP and ILO, with the sole objective of producing skilled workforce correspondin to the requirement of the hospitality and tourism industry. Since its inception the Academy has consistently produced qualified and highly skilled human resources that have in turn enhanced quality and standards of the tourism and hospitality services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATH started as vocational training institute that primarily provided craft and supervisory level of skill-oriented trainings.Twenty seven years after its establishment, the Academy finally braced up to provide advanced academic courses in the niche. Corresponding to the demands of the sector, in consultations with industry experts, it started three-years &ldquo;Bachelor in Hotel Management (BHM)&rdquo; Course in 1999. &nbsp;Four years down the road, the academy launched three-year-long &ldquo;Bachelor in Travel and Tourism Management (BTTM)&rdquo;. Both of these courses, affiliated to Tribhuvan University, are aimed to fulfill the needs of supervisory-level manpower in the niche. Within a short span of time, these courses are recognized and renowned across South Asia.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATHAM has established itself as one of the top colleges for hospitality in South Asia. It has well experienced and renowned faculty members, well developed curriculum and business links all over the world. The academy has plans to open up 4-star hotel that would bring industry and institution on the same platform while providing internships to its students as well.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<strong><span style="font-size:14px;"><img alt="Vijaya Shrestha, Director" src="/userfiles/images/us%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 135px;" />Ujjwal Satyal, HOD</span></strong></div>
					<div>
						The first thing a student should do is make sure the college has a well developed and updated syllabus along with experienced faculty members to facilitate. Realtime relationship of the faculties with the business world are equally important to consider. Along with this, infrastructure of the college should also be considered as a metric for evaluating a college. NATHAM is proud to provide all of these to its student while providing supervisory level of skill-oriented trainings that correspond to industry&rsquo;s demands.&nbsp;</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>
<hr />
<div>
	&nbsp;</div>
<div>
	<img alt="IST" src="/userfiles/images/ist%20(Copy).jpg" style="width: 550px; height: 360px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>International School of Tourism and Hotel Management (IST)</strong></span></div>
<div>
	The International School of Tourism and Hotel Management (IST) was established in the year 2003 with an objective to produce world class human resources for the hospitality industry. The school offers various world class academic degrees and training packages. Affiliated to Salzburg University of Applied Sciences (FHS), Austria, IST aims at developing practical, managerial and excellent communication skills by preparing each individual student for a successful career in the hospitality industry.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;It claims to be a center for excellence in hospitality education that provides an enterprising and stimulating environment in which students can learn and develop their potential. The structure of the academic program ensures an international approach to teaching by combining management theory with practical experience. It offers Ministry of Education and Sports approved courses that range from Diploma, Higher Diploma, and Bachelor&rsquo;s level courses in hospitality. Since its inception, the school has established cooperation with numerous national and international universities including in Singapore, Austria, Australia, United Kingdom and in the United States of America.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<span style="font-size:14px;"><strong><img alt="Samjhana Basnyat, Principal" src="/userfiles/images/ss%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 138px;" />Samjhana Basnyat, Principal</strong></span></div>
				<div>
					<div>
						The first thing students should keep in mind while choosing a college, is the affiliation of the college. They should consider whether or not the degree would be of high value in the job market. Infrastructure, course syllabus, reputation of the organisation and reception of its products in the targeted industry are other important factors. We are looking forward to further upgrade our quality standards and add post graduate level courses to our existing world class courses.</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Tourism is an important aspect of Nepal’s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these  increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.',
			'sortorder' => '1888',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2037',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Free Education in 13 Districts</strong></span></div>
<div>
	Government is implementing first phase of its &ldquo;Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase. Under this programme, the students will be receiving free textbooks, day meal, and other educational and reference materials. Likewise, children belonging to economically and socially backward communities will be receiving special support and subsidies in these districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>ICT Devices to Community Schools</strong></span></div>
<div>
	The Department of Education (DoE) has directed Regional Education Directorates (REDs) and District Education Offices (DEOs) to make preparations for installation of Information and Communication Technology (ICT) devices in community schools across the country.The government has allocated Rs 1 billion for providing community-based secondary schools with facilities of ICT by the end of this fiscal year. Under the ICT plan, each secondary school will get five computers, one printer and also will be provided with the internet connection.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Purbanchal University Results Published</strong></span></div>
<div>
	Purbanchal University has published examination results of it various faculties. PU&rsquo;s Office of the Examination Management, Biratnagar published these results during this week. Faculties of who results were published are:&nbsp;</div>
<div>
	&bull;BE (Civil, Electronics and Communication, Computer, Arch.)- VIII,&nbsp;</div>
<div>
	&bull;BIT- VIII,&nbsp;</div>
<div>
	&bull;B.Pharmacy- VIII,&nbsp;</div>
<div>
	&bull;MBA- I &amp; III (Spring),&nbsp;</div>
<div>
	&bull;MBA- II (Fall) Semesters and&nbsp;</div>
<div>
	&bull;BA.LL.B.- I year exam result&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Campaign to Make Bhaktapur Fully Literate Begins</strong></span></div>
<div>
	Campaign has been started to make Bhaktapur, the smallest district of the country, as fully literate district. Literacy classes have been run in each locality with a goal of declaring the district fully literate this year as the total literacy has reached 92 percent. The district is moving forward with a goal of becoming the first literate district as per the campaign to make all citizens from age 15-60 literate. The district has a population of 304,651 as per 2068 BS statistics and 60 percent women and 81 percent men here are literate. The district will become fully literate if now 11,000 people are made literate, said DEO Shankar Prasad Gautam. UNESCO has defined 95 percent literate as fully literate. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU Publishes PCL First Year Exams Schedule</strong></span></div>
<div>
	Tribhuvan University Exam Controller Office has published the examination schedule of PCL first year 2070 for the faculties of Humanities, Management, Education and Science for both regular and private (Full and partial) on Saturday, October 26. The exams are scheduled to start from Mangsir 21.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CTEVT to Require License for Trainers, Teachers</strong></span></div>
<div>
	The Council for Technical Education and Vocational Training (CTEVT) is making teaching licence mandatory for all teachers cum trainers for all the colleges and academic institutions under its affiliation. Organising a press meet CTEVT said that new provision aims to produce more qualified and skilled human resources. According to the new provision school teachers must pass Teachers&rsquo; Service Commission exams to acquire teaching licence.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Government is implementing first phase of its “Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase.',
			'sortorder' => '1887',
			'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' => '2036',
			'article_category_id' => '156',
			'title' => 'Time To Tune Out The Loudmouth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Lindsay Gellman</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 288px;" />It&rsquo;s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they&rsquo;re talking about perform better in problem-solving tasks than those that don&rsquo;t. That&rsquo;s according to a new study from the University of Utah and Idaho State University. &ldquo;We&rsquo;d hope that facts would be the currency of influence,&rdquo; says Bryan L. Bonner, lead author of the study and an associate professor at the University of Utah&rsquo;s David Eccles School of Business. &ldquo;But often, we guess at who&rsquo;s the expert&mdash;and we&rsquo;re wrong.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	People tend to rely too much on &ldquo;messy proxies for expertise&rdquo;&mdash;such as a speaker&rsquo;s confidence level, extroversion, gender and/or race&mdash;and not enough on the content of his or her contributions, when making judgments about expertise, says Mr. Bonner. Doing so can be costly if the group doesn&rsquo;t heed those with the most relevant knowledge, Mr. Bonner says. The correlation between a speaker&rsquo;s confidence and his or her expertise is often &ldquo;very small,&rdquo; he adds.</div>
<div>
	&nbsp;</div>
<div>
	The findings mainly apply to group problem-solving tasks for which there is a correct answer (or answers), such as estimating the number of product units your firm will ship next week or valuating a company, and less so to more subjective tasks, like generating ideas for a marketing campaign, Mr. Bonner says.</div>
<div>
	&nbsp;</div>
<div>
	So how to prevent chatterboxes from taking over a meeting you&rsquo;re running? Instead of launching right into a discussion, frame the meeting as a fact-gathering mission, Mr. Bonner says. Encourage everyone to contribute, he says, and keep a running list of facts to promote shared understanding.</div>
<div>
	&nbsp;</div>
<div>
	Mr. Bonner notes that sometimes, the most vocal team members do in fact know best. &ldquo;If you&rsquo;re listening to the confident people and they&rsquo;re right&mdash;great,&rdquo; he says. Just don&rsquo;t let the expertise of quieter colleagues get lost in the shuffle.</div>
<div>
	<em>(http://blogs.wsj.com/atwork)</em></div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'It’s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they’re talking about perform better in problem-solving tasks than those that don’t.',
			'sortorder' => '1886',
			'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' => '2030',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>People will Defy Bandhs, Says Dahal</strong></span></div>
<div>
	Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections. There is no meaning of the Bandh if we are to draft constitution that addresses their demands as well as the people&rsquo;s rights, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr Wagle Passes Away</strong></span></div>
<div>
	Dr Chitra Prasad Wagle, passed away while struggling with appendix cancer at the Grandy hospital in Kathmandu last Thursday. Dr. Wagle who dedicated most of his medical career in attending the medical needs of rural Nepalese had been struggling with cancer for the past several months. Wagle was admitted at the Hospital on October 19. Prior to this he was treated in Thailand and India. The government had awarded him with &lsquo;Excellence in Health Service Award&rsquo; as recognition of his continous service to the people of rural Argakhanchi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Road Mishap Claims Two</strong></span></div>
<div>
	Two passengers were killed and nine others were injured in Nuwakot district after a truck, they were travelling in, skidded off the road last Monday. Police has identified the deceased as Lalu Maya Tamang, 52, of Kalyanpur-9 and Ram Prasad Adhikari, 50. The mini truck (Ba 1 Kha 8494) heading for Raniswar of Kalyanpur VDC from Bidur Municipality-8, Baguwa, skidded off the road. Truck driver Santosh Tamang, 23, of Thansing-4, two passengers- Sunita Thakuri of Kalyanpur-9 and Srijana Singh Thakuri- have sustained critical injuries in the accident.They were brought to Kathmandu for treatment. Rests of the injured have already returned home after receiving medical attention at Trishuli Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CPN-Maoist Vandalises UML&rsquo;s Poll Materials</strong></span></div>
<div>
	CPN-Maoist, which has vowed to boycott the upcoming CA polls, has vandalised the election materials of CPN-UML in Myagdi last Monday. According to CPN (UML) district secretary Balkrishna Subedi, a group of CPN-Maoist cadres have vandalised materials after confiscating it from the porters, who were taking it to Bhagwati for holding the election campaign there. Subedi accused a group of CPN-Maoist cadres led by district leader Lalu Kisan have vandalised their campaigning materials. The CPN-Maoist said that the local cadres might have vandalised the materials as per the party&rsquo;s policy of boycotting the CA polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CPN-Maoist anti-poll activities illegal&rdquo;</strong></span></div>
<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has termed the CPN-Maoist&rsquo;s anti-poll activities illegal and warned the breakaway party to not repeat it. &ldquo;No one holds a right to disturb the upcoming Constituent Assembly (CA) polls by going against the people&rsquo;s sentiments and wants,&rdquo; he said speaking at a regular weekly press meet organized in the party headquarters, Paris Danda, last Saturday.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Poll waves on our favour&rdquo;</strong></span></div>
<div>
	Nepali Congress vice-president Ram Chandra Poudel has claimed that a nationwide wave in favour of his party has been created on the eve of poll and added that NC will lead the process of promulgating democratic constitution. Talking with the voters last Tuesday in Tanahu, he said, &ldquo;There is trust among the people for the party as it practice what it preaches.&rdquo;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections.',
			'sortorder' => '1885',
			'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' => '2031',
			'article_category_id' => '145',
			'title' => 'Power Trading Growth In India: An Overview',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Pankaj Goel&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	I<span style="font-size: 12px;">ndian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	PTC India Ltd (PTC), the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership. Its primary focus is to develop a commercially vibrant power market in the country.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;PTC is the pioneer in implementing the power trading concept in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Electricity trading has led to optimization of existing energy resources, encouraged commercial outlook in the sector and cross-border exchange of power. This has also catalyzed investment into the power sector, mainly from the private sector&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is worthwhile mentioning here that development of power trading has created market structure facilitating private investment in the sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Power markets world-wide seek to maximize competition in generation, are open to all market participants, and compete on price, not cost.</div>
<div>
	&nbsp;</div>
<div>
	PTC pioneered the concept of power trading in India and it has continued to maintain the top position since inception. That concept was developed to promote private investment in power sector.</div>
<div>
	&nbsp;</div>
<div>
	Long term trading contracts reduce volatility in trading volumes. It helps to enter into long term PPAs with new Independent Power Producers (IPPs) and invest into power projects to increase the trading volume.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It was only after the success of PTC&rsquo;s model, that the Electricity Act 2003 recognized power trading as a distinct licensed activity. Short term power market in India has witnessed rapid growth. It not only grew in volume terms but also as percentage of total electricity generation from 3% in 2008 to 11 per cent in fiscal year 2013.</div>
<div>
	&nbsp;</div>
<div>
	PTC created a power market which is the first of its kind in South Asia. It has been facilitating a transition from cost-based returns to market based returns. PTC has contributed to create value for power &ndash; market based price discovery of power. It helps in optimal utilization of generation capacity and increased generating capacity addition. Short-term and long-term trading opportunities thus created have led to development of Power Exchange and encouraged renewable energy market.</div>
<div>
	&nbsp;</div>
<div>
	It has introduced innovative products suiting customers&rsquo; needs. Similarly, single window service has come into effect to take care of all intermediate requirements like transmission agreements, metering, accounting etc. That engages regulators at Centre/State level towards development of power market.</div>
<div>
	&nbsp;</div>
<div>
	There is possibility of cross-border trade with Nepal. India-Nepal power exchange is at a moderate level that stands at around 100-150 MW. Out of total power supplied to Nepal, PTC supplies 50-70 MUs annually to meet Nepal&rsquo;s emergent load during winter months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Government of Nepal has prioritized hydro power development and encourages private investment. Nepal has enormous 42,000 MW hydro potential but only 2 percent has been exploited so far. Existing India-Nepal transmission links should be strengthened for long-term power trade between two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<em>(The article is based on &nbsp;Goel&rsquo;s presentation made at The Power Summit 2013 organized by IPPAN. Writer is Vice President, Marketing at PTC India)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Indian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.',
			'sortorder' => '1884',
			'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' => '2033',
			'article_category_id' => '144',
			'title' => 'NRNA Is Not Forum For Politics',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In Nepal, politics is often blamed as a game &nbsp;to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word &lsquo;politics&rsquo; and &lsquo;political parties&rsquo; do not have positive connotation due to inefficiency of politicians to deliver what they promise.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Non Resident Nepali Association (NRNA), knowingly or unknowingly, &nbsp;engaged in politics during its recently held NRN International Convention and Sixth Global Conference which took place in Kathmandu from October 19 to 22. As a result, the NRNA was divided according to the wish of political parties which will have &nbsp;long-term adverse impact on the entire organization.</div>
<div>
	&nbsp;</div>
<div>
	NRNA should not be divided on the basis of political affiliation and ideology. Their roadmap should be clear: prosperity of the country. &nbsp;If they want to engage in politics, they should not hesitate to enter politics directly instead of taking other NRNs for a ride to fulfill their political desire .&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If NRNA is sincere in its effort to develop the country and take it to the next level of development, &nbsp;members of the organization should pledge for the actions which they can deliver and abstain from making promises like politicians.</div>
<div>
	&nbsp;</div>
<div>
	NRNA can contribute to the country&rsquo;s prosperity in positive manner in several ways: one, it can spread positive message about the country abroad; second, it can convince investors from the country where they are residing to invest in Nepal; third, transfer expertise and skills they acquire abroad; and fourth, promote tourism activities by visiting Nepal frequently.</div>
<div>
	&nbsp;</div>
<div>
	NRN, following the long established trend, has also started to blame the government as the sole causes of all the problems in the country. Instead of being involved in blame game, NRNs should engage themselves in productive work.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only thing the government can provide NRN is stable policy and environment conducive for investment. NRNs should not expect much from the government rather it should provide constructive suggestions and assistance in government&rsquo;s development initiatives.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Why do people respect NRNs? The answer is clear&mdash; they are expected to be more loyal to the country when compared to other foreign investors. So, they have added responsibilities towards the country like that of Non Resident Indians in India. They have contributed to Indian economy when the economic situation was adverse and foreign investors had been shying away to invest there.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, in spite of blaming the country&rsquo;s economic situation, NRNs should float the option of best investment areas in the existing situation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, we should not expect much from NRNs too. Most of the first generation NRNs has been residing abroad at present and they themselves are struggling to get established. Secondly, they should not come here and suffer loss and it is our duty to assure them the safety of their investment. Together we can lead the country on the road to prosperity.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In Nepal, politics is often blamed as a game  to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word ‘politics’ and ‘political parties’ do not have positive connotation due to inefficiency of politicians to deliver what they promise.',
			'sortorder' => '1883',
			'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' => '2032',
			'article_category_id' => '145',
			'title' => 'London Can't Become Home Only To The Rich',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became &quot;the greenhouse of invention&quot;. Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell&#39;s people were cabinet makers, brass workers and glass shade and globe makers. Elsewhere in the city, new industries flourished, as did the docks and retail. Ladies shopped in &quot;the emporium of the world!&quot;. &quot;Made in London&quot; was a badge of pride. Today, the fattest profits come not from the fruits of questing minds and hard graft but from the new gold, what American writerMichael Goldfarb, in a scathing essay in today&#39;s Observer, calls &quot;the global reserve currency&quot; that is property.</div>
<div>
	&nbsp;</div>
<div>
	&quot;The property market is no longer about people making long-term investment in owning their shelter,&quot; he writes, &quot;but a place for the world&#39;s richest people to park their money at an annualised rate of return of around 10%.&quot; In 2012, an extraordinary &pound;83 bn-worth of properties were purchased mortgage-free in London with no financing.</div>
<div>
	&nbsp;</div>
<div>
	What attracts foreign (and domestic) millionaires and billionaires is not just the rate of return but the coalition&#39;s tax regime. Britain, for instance, has a base corporate tax rate of 23% (due to drop to 20% in 2015). In Germany, it is 29%. Again, while the majority of London&#39;s citizens rightly pay up to 40% or more of their incomes to maintain the hospitals, schools, roads and civic services of the city, the rich are taxed in small change.</div>
<div>
	&nbsp;</div>
<div>
	The impact of London&#39;s property market becoming another global reserve currency where the super rich stash their billions and evade tax will soon be felt in the changing nature of the city&#39;s social and cultural ecology. What price to the capital if, increasingly, teachers, artists, students and civil servants can no longer live, work and contribute to an eclectic social mix?</div>
<div>
	&nbsp;</div>
<div>
	The threat is not just cultural, but economic too. Already some senior business leaders have voiced fears that the capital is likely to lose out to cities such as Berlin in the race to become Europe&#39;s major digital hub since London is simply unaffordable for many young enterprising tech workers. Historically, the cultural industries have been major players in the British economy, but they also play a crucial role in helping create a flourishing, diverse city.</div>
<div>
	&nbsp;</div>
<div>
	That is now under serious threat and there are few, if any, senior political leaders who seem to have an oversight of what is happening. The city needs a strong advocate, one who argues vociferously that the cities that work best are ones that work for everyone. London is no longer that type of city.</div>
<div>
	<em>(The Guardian)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became "the greenhouse of invention". Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell's people were cabinet makers, brass workers and glass shade and globe makers.',
			'sortorder' => '1882',
			'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' => '2034',
			'article_category_id' => '105',
			'title' => 'Who Will Bell The Cat?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money &amp; muscle. This time it should not happen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Somebody from the audience shouted: &ldquo;Then why didn&rsquo;t you stop them at that time?&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There was deathly stillness. Gagan thundered with the pointing fingers at the mass, &lsquo;Who said that?&rdquo; There was no response. After a long and petrified silence, Gagan replied to his question himself, &lsquo;Now you know why.&rdquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money & muscle. This time it should not happen.',
			'sortorder' => '1881',
			'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' => '1992',
			'article_category_id' => '153',
			'title' => 'A Click Here And A Market There: The Growing Camera Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	Everyone has memories &mdash; bitter or sweet. With time memories tend to fade, but if you want your memories to sweeten as they age then thank technology &mdash; the camera is at your service.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Traders say that because of the festive season, the sale of cameras - be it digital or SLR have been increasing. The camera is being recognized as a necessary gadget in today&rsquo;s context. Its significance has increased much in festivals. People prefer cameras to capture moments of joy and during festivals and other occasions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growing Trend</strong></span></div>
<div>
	There are a variety of cameras in the market including digital cameras and high resolution single lens SLRs. Digital cameras are preferred by people as it is easy to carry and easier to handle. Similarly, DSLR cameras are used by people for better quality pictures or to cover wider shots.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the advantages of the digital camera is that there is no limitation in the number of pictures that can be taken. Along with this, the pictures captured can also be transferred to computers and can be developed according to the wish and feasibility of the people. People prefer digital cameras to analog cameras as they cannot capture the picture more than the number set in the photographic film. Traders say that the increasing trend of these digital cameras have an effect on the sale of branded cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growing market of digital cameras clearly shows the growing interest of people towards it. Traders opine that digital cameras have a lot of opportunities in the Nepali market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Camera" src="/userfiles/images/FOCUS1.jpg" style="width: 550px; height: 347px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Brands Available in the Nepali Market</strong></span></div>
<div>
	With a large variety of cameras in the Nepali market, some famous brands available in the market are Canon, Sony, Samsung, Philips, Panasonic, Nikon and others. &nbsp;All authorized dealers of these cameras in the Nepali market have introduced new model cameras during the festive season with a series of offers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The market is full of stores that deal in digital cameras of different brands. &nbsp;Stores in New road like Galaxy Photo, Royal Traders, New Amber Impex, Digital Camera Spot and more deal popular brands like Nikon, Canon, Sony, Samsung, Fuji, Olympus, Panasonic and Kodak for compact digital cameras with one year warranty. These stores also sell professional Digital Single Lens Reflex Camera (DSLR) of all brands mentioned.</div>
<div>
	&nbsp;</div>
<div>
	Primex International - Canon&rsquo;s authorised dealer in Nepal; Him Electronics - authorized dealer of Samsung in Nepal; and NepaHima Trade link - authorized dealer of Sony have introduced a new model of respective cameras on the occasion of Dashain and Tihar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	New Amber Impex also has camera accessories of brand UBCX such as camera bags, tripod, camera case, filter and more as per the requirement of the customers. About the cameras found in Galaxy Photo Mukesh KC, a staff at New Amber Impex informs, &ldquo;The products are from Singapore whereas the brands are Japanese.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most products at these stores are from local authorised dealers where Purushottam Thapa, staff at Royal Traders shares, &ldquo;The brands are all Japanese and the cameras are assembled in China.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There are various kinds of digital cameras available in these stores in Kathmandu where the customers can opt for simple portable compact digital cameras as well as professional DSLRs. According to Sunil Goel, staff at New Amber Impex the brand Sony also has water proof compact digital camera.</div>
<div>
	&nbsp;</div>
<div>
	There are various series where the function and system varies accordingly and he adds, &ldquo;In the compact digital camera of Sony WX50, you can get a panorama function for a wider view and a 3D movie function as well. Likewise, in compact digital cameras of Cannon IXY420F, you will get high mega pixels, full HD, Image Stabiliser with Wifi and a touchscreen.&rdquo; Shopkeepers say that while purchasing a camera one must look into the print order that compact digital cameras offer rather than high megapixels. The quality of print depends upon the print order where Sony has A3 size print order, Cannon has A2 and Samsung has A1.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In portable digital cameras, you can get colours as per your wish ranging from silver, black, pink, blue and more. &ldquo;The camera must have cases or bags. And while handling a compact digital camera, it would be better if you use the strap of the camera while using it,&rdquo;says KC from New Amber Impex.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status in Nepal</strong></span></div>
<div>
	The customers are interested in digital cameras as they can get a high resolution camera in relatively cheaper prices. At a minimum price of Rs 7000, people can get cameras with a focus of 8 megapixels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The traders say that in comparison to the brands of other countries, customers prefer the brands of Japan and Korea. Digital camera of Sony from japan is popular in Nepal. Dinesh Agrawal, Sales Manager of Primex International says that this brand is more popular in the Nepali market as it has various new features in comparison to other old model cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly the price of the digital camera is also decreasing because of high competition between various brands of cameras. These cameras attract customers because of their portability, easy handling features and various features with&nbsp;</div>
<div>
	high quality.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Challenges</strong></span></div>
<div>
	Encouraging growth in sales aside, traders are experiencing various hurdles in this business. Though the competition is very high, traders claim that quality maintenance is not fair in the market. With the plethora of products available in the market, complaints about duplicate products are also on the rise. The growth of unhealthy competition and duplicate products that degrade market credibility is one of the few negative aspects in this business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Photo Shop" src="/userfiles/images/FOC.jpg" style="width: 575px; height: 207px; margin-left: 15px; margin-right: 15px;" /></div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.',
			'sortorder' => '1880',
			'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' => '1977',
			'article_category_id' => '137',
			'title' => 'Fama, Shiller, Hansen Win  Nobel Prize For Asset-Price Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The widespread criticism of economists&rsquo; failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.</div>
<div>
	&nbsp;</div>
<div>
	The Royal Swedish Academy of Sciences awarded the prize to Eugene Fama and Lars Peter Hansen of the ultra-conservative Chicago school alongside Robert Shiller, the liberal Yale economist famous for warning of the US sub-prime housing bubble in 2005. Fama and Hansen, two followers of Milton Friedman&rsquo;s free-market theories, said they were surprised to win the annual prize which they agreed would turn their lives upside down. The academy said it was honouring the three prizewinners for their work examining the way markets work. They will share the prize of Swedish Kroner 8m (&pound;781,782) equally. The academy said the three economists were at the top of their field &ldquo;for their empirical analysis of asset prices that greatly improved our understanding of how financial markets work, when they seem to work well and when they seem to work otherwise&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Fama, 74, is notorious in leftwing circles for denying financial bubbles exist and asserting recessions are a largely unexplainable fixture of capitalism that should be allowed to take their course. His research has examined how external factors such as insider trading and government regulation can distort the workings of financial markets. In the years before the crash he joined other disciples of Friedman, including former Federal Reserve boss Alan Greenspan, in defending the efficient-markets hypothesis that underpinned the deregulation of the banking system.</div>
<div>
	&nbsp;</div>
<div>
	In the aftermath of the banking crash, Fama blamed the US government, arguing its policy of loosening laws restricting access to credit was at the heart of the crisis. He said the banking industry acted rationally in response to distorting incentives put in place by an interfering government. The American mortgage giants, Fannie Mae and Freddie Mac, were encouraged to lower the bar to lending, fuelling the sub-prime boom.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The financial markets were a casualty of the recession, not a cause of it,&rdquo; he told the New Yorker in 2010. Fama has recently specialised in producing models that show the way stock markets and other asset markets work.</div>
<div>
	&nbsp;</div>
<div>
	Hansen, 60, is best known for his work modelling how economic actors cope with risk and changing environments. Fama and Hansen join 87 other Nobel Prize winners affiliated with Chicago University. Their success means eight Nobel winners will be working at the faculty, including six in economics.</div>
<div>
	&nbsp;</div>
<div>
	Shiller, 67, has risen to prominence following a career that has seen him adapt free-market theories to take on board concepts of exuberance and irrationality. Unlike Fama, who denies it is possible to measure whether assets are overpriced, Shiller has documented how markets can fall victim to bubbles that become unsustainable.</div>
<div>
	&nbsp;</div>
<div>
	In a video interview with the Guardian last year he said finance was not about making money but making money work for the good of communities. His book Irrational Exuberance, published in 2000, debunked the idea that markets always price assets efficiently, without triggering bubbles.</div>
<div>
	&nbsp;</div>
<div>
	The academy said: &ldquo;While it is hard to predict whether stock or bond prices will go up or down in the short term, it is possible to foresee movements over periods of three years or longer. These findings, which might seem surprising and contradictory, were made and analysed by this year&rsquo;s laureates.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Americans have dominated the economics awards in recent years; the last time there were no US economists among the winners was in 1999. The Nobel committees have now announced all six of the annual awards for 2013</div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Lars Peter Hansen</strong></span></div>
					<div>
						In another triumph for Chicago University, Hansen, 60, has been rewarded for his work developing a statistical method to test theories of asset pricing.</div>
					<div>
						&nbsp;</div>
					<div>
						In 1982 Hansen presented a statistical theory &ndash; called the Generalized Method of Moments &ndash; then used it to test whether historical share prices were consistent with the best known asset-pricing model at the time. He found the methods being used must be rejected because they failed to explain share movements. As a result, Hansen&rsquo;s work helped confirm Shiller&rsquo;s preliminary findings on bubbles and inspired new research.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Eugene Fama</strong></span></div>
					<div>
						Chicago University states that Fama, 74, &ldquo;is widely recognized as the father of modern finance&rdquo;, although that boast is clearly double-edged given the markets&rsquo; recent performance.</div>
					<div>
						&nbsp;</div>
					<div>
						His views are considered to be the direct opposite of Shiller&rsquo;s, as they are based on the &ldquo;efficient markets hypothesis&rdquo;. This is the idea that markets incorporate all known information about an asset&rsquo;s value, making it pointless trying to predict which way they will move.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Robert Shiller</strong></span></div>
					<div>
						Shiller, 67, is one of the few economists who can claim to have foreseen both the bursting of the dotcom bubble and the US housing crash.</div>
					<div>
						&nbsp;</div>
					<div>
						His prescient book Irrational Exuberance was first published in 2000, and he followed it up with a second edition in 2005, which took the then unfashionable view that US housing looked dangerously overvalued.</div>
					<div>
						&nbsp;</div>
					<div>
						He has given his name &ndash; along with colleague Karl Case &ndash; to the most closely watched housing market indicator in the US, the S&amp;P/Case-Shiller Home Price Index. His most recent book, Finance and the Good Society, is about the benefits of financial innovation.</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'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 widespread criticism of economists’ failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.',
			'sortorder' => '1879',
			'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' => '1973',
			'article_category_id' => '122',
			'title' => 'Leading Strong: The Saurabh Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Bishnu Prasad Neupane,Chairman, Saurabh Group" src="/userfiles/images/BPN.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Bishnu Prasad Neupane</strong></div>
					<div>
						<em>Chairman, Saurabh Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Saurabh Group, one of the leading industrial houses of Nepal is planning to establish a large scale cement factory in Sunawal, Nawalparasi. Bishnu Prasad Neupane, Chairman of the group says this new factory will be producing 400,000 metric tonnes of clinker in the first stage and expand it to 1 million metric tonnes of clinker at the end of 2015. The factory &nbsp;has set a target to begin production by February 2014.</div>
<div>
	&nbsp;</div>
<div>
	This factory has been established with an authorised capital of Rs 4000 million. It is one of the largest cement factories of Nepal that produce their own clinker. The factory has 45 per cent shareholding of a Hong Kong based company, Krishna Holdings Limited. &nbsp;The factory is spread over 30 bighas of land and the mine is spread over an area of 20 square kilometres for extracting limestone.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that this factory uses the latest technology that is not only efficient but also energy saving. He adds the technology installed in the factory is different than those used in Nepal and consumes 50 per cent less energy. All machineries for this project are imported from Denmark and manufactured by FLSmidth Private Limited.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Expansion Drive</strong></span></div>
<div>
	The group has always been prioritising the expansion of its factories. Last year, the group had a major expansion on its laminated sacks factory, Jagdamba Synthetics Pvt Ltd. New technology was installed and all upgraded machineries were imported from Austria. The factory has an installed production capacity of 1.5 million metres of fabrics per day. Neupane claims that it is the largest woven sacks factory in South East Asia. He adds, &ldquo;We are proud to say that we are the largest producer and exporter of woven sacks in Nepal.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jagdamba Synthetics was established around 13 years ago and the latest addition is the new process of producing laminated bags. Neupane claims that this company has the capacity to produce the thinnest fibres in the entire South Asian region with quality consistency. He says that quality consistency has helped the company export 90 per cent of its production to India.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group has plans to convert its 15 storey building in Bhaktapur into a hotel as a part of its plan to move into the tourism industry. This three-star hotel will come into operation in a few years tying up with an international chain. Neupane says that it will be a unique hotel that utilises green technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Manufacturing Focus<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	The group in its initial days was involved in trading business. &nbsp;When Neupane separated from his family business and started his own, he had little experience in the manufacturing sector. He partnered with Shanker Lal Agrawal who was also in the trading business then. It was around 1996 when he and his partner Agrawal thought about entering into the manufacturing industry. Agrawal had the experience of running Jagdamba Steel and Neupane, who is also an engineer, had thoughts of establishing a cement factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2001, the group started the construction of a woven sacks factory that produces bags for cement packaging. Construction was completed in 2003 and production began in the same year. Similarly, the group moved into spinning and tea gardening and processing. It was followed by the establishment of Jagdamba Roto Packaging factory. Likewise, the group also moved into pashmina, steels and other construction material production. Sarbottam Cement would be the latest addition to the construction material production business of the group.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;I always had a desire to go for production based industries especially on construction material rather than the service industry,&rdquo; Neupane says. He was often suggested to venture into more profitable sectors such as real estate and gold trading but they never lured him. Though the group is still involved in trading, it is the manufacturing sector that gives Neupane an immense pleasure. He says that the manufacturing sector creates employment for a good number of people and benefits society with both backward and forward linkages. The Saurabh group has been employing 2600 people at the moment in all of its companies.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Turning Point</strong></span></div>
<div>
	When democracy was restored in the country in 1990, it was a new beginning for the Saurabh Group as well. The group&rsquo;s major industries were established in the 1990s. The liberal policies of the government encouraged industrialists like Neupane to establish new companies. The easier licensing policies and laws were a sort of relief for them. In the mid-1990s to early 2000s, the group came up with its major companies. This was the same period when the armed insurgency was escalating and businessmen were realizing that the situation is unfavourable for making investments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Neupane says his companies were least affected by the armed conflict being located in urban areas of the Tarai region. However, when the conflict ended and the country was moving towards conflict resolution, the political events of 2005-2006 took its toll on companies in the Tarai by disrupting the operation of factories. Neupane says that bandhs and strikes are a part of life and industrialists must be immune to such incidents.</div>
<div>
	&nbsp;</div>
<div>
	The cement factory was one of the major establishments of the group in the early 1990s. The group&rsquo;s course changed when Neupane thought of establishing his own cement bags factory while the general trend was to import bags from abroad as local production was insufficient. This very move led the group to be the largest producer of woven sacks in the South East Asian region at present.</div>
<div>
	&nbsp;</div>
<div>
	Neupane considers the group&rsquo;s move to establish a cement factory that totally depends on local raw materials as another turning point. The group came up with the idea of producing cement by manufacturing clinker using local limestone when a majority of industries were importing clinker. This gave the company the benefit to get a strong foothold in the market as one of the producers of cement in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Coverage</strong></span></div>
<div>
	According to Neupane, 90 per cent of the total production of Jagdamba Spinning Mills is exported to India while the remaining 10 per cent is supplied to local textile manufacturers. Similarly, products of Jagdamba Roto Packaging are supplied to confectioneries, biscuits and noodles producer for packaging and wrappers.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that the largest market of cement is Kathmandu Valley and its periphery where 40 per cent of the group&rsquo;s production is consumed. Out of around 1 billion sacks of cement produced by the group, 40 million sacks are consumed in Kathmandu Valley alone, says Neupane. He expects the groups&rsquo; market share on cement to increase to 20 per cent once Sarbottam Cement&rsquo;s production enters the market.</div>
<div>
	&nbsp;</div>
<div>
	When offering products to the market, the group abides by three fundamentals: quantity, quality and consistency. Neupane says that producing larger quantities helps to achieve economies of scale and also gives an edge to competition. Similarly, quality is the prime focus of the group and he says that any complaints on quality are taken seriously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="SAURAV GROUP" src="/userfiles/images/spotlight1(1).jpg" style="width: 550px; height: 243px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Brief History</strong></span></div>
					<div>
						<div>
							The Saurabh Group&rsquo;s products can be found also in Myanmar. Till the 1960&rsquo;s, Bishnu Prasad Neupane&rsquo;s father, Lila Ram Neupane, was doing retail business alongside running a butter processing factory in Lashio town in the Shan state of Myanmar. After Buddhism was made the state religion in the 1960s, people of Nepali and Indian origin were forced to leave the country. Lila Ram Neupane made a decision to leave Myanmar and resettle in Nepal and started his own business with a wholesale store of textiles in Bhairahawa. During that time, textiles were brought from Kathmandu and distributed there. Later, he also took dealership of the National Trading and Salt Trading Limited.</div>
						<div>
							&nbsp;</div>
						<div>
							It was in 1964 when the business took shape of a group and was further diversified. Bishnu Prasad Neupane took up responsibility in 1986 and started the Jagadamba Cement Industries, his first manufacturing venture, in the early 1990s.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							Saurabh Photo International, the authorized distributor of Konka products, was in the agency trading business since 1990 and has a strong presence in the market. Currently, the group is mainly involved in the production of cement, steel, tea, spun yarn, PP Woven fabrics, calcium carbonates and other such products. The group&rsquo;s trading activities continue with imports of Konka products, Citizen watch components and other Chinese products. There are 14 companies under the group and some companies are operating under a joint venture with Shanker Group, another business house of Nepal. Today, the Saurabh Group registers an annual turnover of Rs 5 billion, Rs 4 billion, and Rs 2 billion from its cement, spinning and synthetic production, respectively.</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">Saurabh Group of Companies</span></strong></div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Laxmi Steel Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Tea Estates Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Photo International</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Tea Processing Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Synthetics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Spinning Mills Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Cement Industries Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Roto Packaging Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree Jagdamba Builders Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Diamonds Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Commerz and Trust Bank Nepal</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree J Cement Mill Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Force Electronics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Sarbottam Cement Pvt Ltd&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">CSR</span></strong></div>
						<div>
							The Saurabh group and the Neupane family have a good reputation in Rupandehi district not only for business but also for their contribution to society. The business house has contributed over Rs 100 million for social work in the area. Along with institutional corporate social responsibility (CSR) activities, the Neupane family has been carrying out philanthropic activities on a personal scale. A separate trust has been established and run by the family. This trust was established by Neupane&rsquo;s father and every year, at least Rs 2.5 million is donated by the family for social work. According to Neupane, donations amounted to Rs 2.7 million last year. He modestly says, &ldquo;This is not our CSR activity and is not for any commercial benefit. Within our family, there are three business groups and all of them contribute to the trust to make it an independent social entity.&rdquo; Neupane says that the group does not take any credit for the trust&rsquo;s activities.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							The trust supports government hospitals, schools and government organisations. Neupane says that most schools in Rupandehi and Nawalparasi districts have received support from the trust. Similarly, Jagdamba Cement has recently initiated ambulance services. It also carries out social training programmes for various activities such as cancer relief activity. Likewise, the group also awards people and their social and non-profit organisations that have made good contributions to society. The company has been providing cement to construct buildings of such organisations at cost price.</div>
					</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-20',
			'modified' => '2013-10-28',
			'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' => 'Saurabh Group, one of the leading industrial houses of Nepal has been registering an annual turnover of Rs 18 billion and targets to raise it to Rs 20 billion at the end of the running fiscal year.',
			'sortorder' => '1878',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]Code Context  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '2022',
			'article_category_id' => '137',
			'title' => 'Nepal’s Gender Gap Narrows',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sanjeev Sharma</strong></div>
<div>
	&nbsp;</div>
<div>
	The gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year&rsquo;s 123rd position. In 2011 and 2010 Nepal was ranked at 126th and 115th position respectively. Neighbouring China and India were ranked 69 and 101 respectively. In the South Asia region, Sri Lanka ranked 55th, Bangladesh 75th, Bhutan 93rd, Maldives 97th and Pakistan came at 135th. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index assesses 136 countries, representing more than 93% of the world&rsquo;s population, on how well resources and opportunities are divided among male and female populations. The report measures the size of the gender inequality gap in four areas: economic participation and opportunity, educational attainment, political empowerment and health and survival. Nepal ranked 116th place in economic participation and opportunity sub-index. &nbsp;Similarly, Nepal&rsquo;s female educational attainment was ranked at 130th place and political empowerment was ranked at 41st place. In female health and survival sub-index, Nepal was placed at 112th position.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal, placed in the low income group countries (US$1,035 or less) in the report, particularly fared well in labour force participation indicator with a rank of 12th position. Nepal&rsquo;s female-to-male ratio was 0.94 in the sub-index. Neighbouring China and India were ranked lower in the indicator with 40th and 124th position respectively. Whereas, the world&rsquo;s largest economy United States stood at 40th position in terms of labour force participation. &nbsp;Similarly, Nepal also did well in terms of female political participation with a rank of 22nd in women in parliament indicator. Germany ranked lower than Nepal in the indicator with 24th position. China along with Bangladesh, Pakistan and India came at 51st, 68th, 69th and 106th places respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal however scored lower in wage equality indicator with a rank of 97th position. China and India were ranked at 60th and 86th place respectively in the indicator. Nepal also pared down in legislators, senior officers and managers indicator with 96th position. However, Nepal performed better than South Korea and Japan who were ranked 105th and 106th respectively. Likewise, Nepal&rsquo;s progress in female literacy was seen sluggish as the country ranked 125th place in the literacy rate indicator. Nepal also didn&rsquo;t achieve any significant gain in female population&rsquo;s health life as it ranked 119th out of 136 countries in the health life expectancy sub-indicator. &nbsp;</div>
<div>
	&nbsp;</div>
<div>
	WEF has been publishing the report since 2006. The Philippines ranked highest in Asia-Pacific region (5th place) in the eighth edition of the report primarily due to success in health, education and economic participation. According to the report, Iceland remained at the 1st position for the 5th consecutive year followed by Finland, Norway, Sweden, Ireland, New Zealand, Denmark, Switzerland and Nicaragua. Meanwhile, United States lowered to 23rd from last year&rsquo;s 22nd in the index and Japan dropping to 105th from 101st of 2012. Yemen was the lowest ranking country in the index (136th).</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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 gender gap in Nepal narrowed in 2013 as more women came to join labour force and participatory policies helped female population grasp various opportunities, a latest global report shows. According to the Global Gender Gap Report 2013, published by the World Economic Forum (WEF) on 25th October, Friday, Nepal ranked 121st with a total score of 0.605. Nepal climbed 2 spots up from last year’s 123rd position.',
			'sortorder' => '1892',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '2041',
			'article_category_id' => '109',
			'title' => 'Ghising Bags Prabhu’s 1kg Silver',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<img alt="Bikas Ghising" src="/userfiles/images/ghisi%20(Copy).jpg" style="width: 550px; height: 333px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer&rsquo;s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme. &nbsp;The prize was awarded to Ghising last Wednesday amid a programme. Earlier, Kusum Devi from Janakpur has been awarded one kg of silver as per the same scheme. Likewise, 6 persons have received flight tickets to Pokhara and 90 have received the recharge card worth Rs 500 as per the festival scheme, according to the company. One person will be awarded a Santro car as a bumper prize according to this scheme that started from September 8. This scheme will continue till November 9.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Bikas Ghising from Kathmandu has been awarded the second winner of the Prabhu Money Transfer’s Dashain, Tihar and Chhath scheme. Ghising has bagged one kg of silver from the Prabhu Money Transfer as the winner of the scheme.',
			'sortorder' => '1891',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '2039',
			'article_category_id' => '109',
			'title' => 'Triveni’s Bonus Share Proposal Approved',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company&rsquo;s upcoming Annual General Assembly.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Rastra Bank has approved the 19 per cent bonus share distribution proposed by the Triveni Development Bank Ltd. The press release of the Bank states that the approved bonus share will be distributed after the endorsement from company’s upcoming Annual General Assembly.',
			'sortorder' => '1890',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '2038',
			'article_category_id' => '109',
			'title' => 'Nepse Down On Profit Booking',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Sagar Ghimire</strong></div>
<div>
	&nbsp;</div>
<div>
	Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in &nbsp;recent weeks.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Stock analysts attribute the decline to the rush of the investors to book the profits after the recent price rise.</div>
<div>
	&nbsp;</div>
<div>
	The stock market had opened at 584.07 points on the first day of the trading week while closed at 579.61. &nbsp;The secondary market has observed the double-digit increment of the Nepse index (12.27 points) on the first day, while it rose 3.85 points on the second day (Monday) closing at 587.92. However, it started retreating from the third day with the benchmark index dropping 6.13 points closing at 581.79. The drop continued on fourth (1.24 points) and the last day (0.94 points) with closing at 580.55 and 579.61 respectively.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	2,015,803 units of shares were traded in the market floor through 9,723 transactions amounting to worth Rs 736.67 million during the five days of trading week. The traded transactions, units of shares and amount have increased during the week compared to the previous week.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Share of Global IME Bank has remained at the top of the list of companies in terms of highest transaction amount, while the highest units of the shares have been traded of Nabil Balance Fund 1.</div>
<div>
	&nbsp;</div>
<div>
	Towards the sub-indices, the hotel sector has posted the highest gain by 94.21 points. Likewise, the sub-indices of manufacturing, insurance, finance and development banks have also surged 27.71, 14.44, 3.64 and 1.44 points respectively. &nbsp;Similarly, Hydropower sector was the biggest loser that went down by 12.28 points. Commercial banks also witnessed a decline by 11.64 points last week. However, there were not any changes in the sub-indices of the Other and the Trade sectors in the stock market.</div>
<div>
	&nbsp;</div>
<div>
	During the week, Soaltee Hotel Ltd share earned the highest by Rs 54 among 47 other companies, whose share price rose, while the share price of the Namaste Bittiya Sanstha Ltd witnessed the highest loss of Rs 33. Out of 123 total companies, share price of 48 companies declined last week. Likewise, there was no change in the share price of 28 companies. Share Analysts are upbeat about the share prospects of the next week due to the positive political climate amid intensified election campaigning of the parties that ensures the happening of CA polls on November 19. During the previous elections, there was an overwhelming growth in the Nepse index and it had reached to as high as 1175 points after the polls.</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Sectoral" src="/userfiles/images/sectoral%20(Copy).jpg" style="width: 550px; height: 568px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<span style="font-size:14px;"><strong>Nepse on Sunday</strong></span></div>
</div>
<div>
	Nepse index declined 1.83 points on the first day of this week closing at 577.77. The secondary market saw a trading of 255,934 units of shares of 88 companies through 1036 transactions worth Rs total of Rs 103.61 million. Only the sub-indices of Finance and Manufacturing and Production sectors increased, while Banking, Hotels, Development Banks, Hydropower, Insurance and Others witnessed a loss.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Manufacturing and Production sector surged the highest by 10.03 points closing at 923.43. Hydropower sector plunged lowest by 26.26 points closing at 1359.94.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'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' => 'Nepal Stock Exchange index witnessed a brief slowdown last week against the trend of rise in the benchmark of secondary market in  recent weeks. 

The index slumped 4.46 points at the last day of the trading week compared to the opening of the first day.',
			'sortorder' => '1889',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '2035',
			'article_category_id' => '151',
			'title' => 'Top Hospitality Colleges In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	Tourism is an important aspect of Nepal&rsquo;s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these &nbsp;increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Demand for highly skilled and semi-skilled hospitality industry professionals including managers, chefs, waiters, housekeepers, maids etc., seems inevitable. There are number of colleges across the country that are wrangling their muscles to meet this demand of producing productive and efficient hospitality industry professionals.Nepal Academy of Tourism and Hotel Management (NATHAM) and International School of Tourism and Hotel Management (IST) are two of the most prominent institutions in Nepal that have earned reputation in this area.</div>
<div>
	&nbsp;</div>
<div>
	<hr />
	<div>
		&nbsp;</div>
	<div>
		<img alt="NATHAM" src="/userfiles/images/nathm%20(Copy).jpg" style="width: 500px; height: 267px; margin-left: 10px; margin-right: 10px;" /></div>
</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>Nepal Academy of Tourism &amp; Hotel Management (NATHAM)</strong></span></div>
<div>
	Nepal Academy of Tourism &amp; Hotel Management (NATHM) has been providing &nbsp;Tourism &amp; Hotel Management Education for the past four decades This institution was established by the government in 1972 with the technical assistance of UNDP and ILO, with the sole objective of producing skilled workforce correspondin to the requirement of the hospitality and tourism industry. Since its inception the Academy has consistently produced qualified and highly skilled human resources that have in turn enhanced quality and standards of the tourism and hospitality services.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATH started as vocational training institute that primarily provided craft and supervisory level of skill-oriented trainings.Twenty seven years after its establishment, the Academy finally braced up to provide advanced academic courses in the niche. Corresponding to the demands of the sector, in consultations with industry experts, it started three-years &ldquo;Bachelor in Hotel Management (BHM)&rdquo; Course in 1999. &nbsp;Four years down the road, the academy launched three-year-long &ldquo;Bachelor in Travel and Tourism Management (BTTM)&rdquo;. Both of these courses, affiliated to Tribhuvan University, are aimed to fulfill the needs of supervisory-level manpower in the niche. Within a short span of time, these courses are recognized and renowned across South Asia.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	NATHAM has established itself as one of the top colleges for hospitality in South Asia. It has well experienced and renowned faculty members, well developed curriculum and business links all over the world. The academy has plans to open up 4-star hotel that would bring industry and institution on the same platform while providing internships to its students as well.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<div>
						<strong><span style="font-size:14px;"><img alt="Vijaya Shrestha, Director" src="/userfiles/images/us%20(Copy).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 135px;" />Ujjwal Satyal, HOD</span></strong></div>
					<div>
						The first thing a student should do is make sure the college has a well developed and updated syllabus along with experienced faculty members to facilitate. Realtime relationship of the faculties with the business world are equally important to consider. Along with this, infrastructure of the college should also be considered as a metric for evaluating a college. NATHAM is proud to provide all of these to its student while providing supervisory level of skill-oriented trainings that correspond to industry&rsquo;s demands.&nbsp;</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>
<hr />
<div>
	&nbsp;</div>
<div>
	<img alt="IST" src="/userfiles/images/ist%20(Copy).jpg" style="width: 550px; height: 360px; margin-left: 10px; margin-right: 10px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:16px;"><strong>International School of Tourism and Hotel Management (IST)</strong></span></div>
<div>
	The International School of Tourism and Hotel Management (IST) was established in the year 2003 with an objective to produce world class human resources for the hospitality industry. The school offers various world class academic degrees and training packages. Affiliated to Salzburg University of Applied Sciences (FHS), Austria, IST aims at developing practical, managerial and excellent communication skills by preparing each individual student for a successful career in the hospitality industry.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;It claims to be a center for excellence in hospitality education that provides an enterprising and stimulating environment in which students can learn and develop their potential. The structure of the academic program ensures an international approach to teaching by combining management theory with practical experience. It offers Ministry of Education and Sports approved courses that range from Diploma, Higher Diploma, and Bachelor&rsquo;s level courses in hospitality. Since its inception, the school has established cooperation with numerous national and international universities including in Singapore, Austria, Australia, United Kingdom and in the United States of America.</div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#E5E4E2">
				<div>
					<span style="font-size:14px;"><strong><img alt="Samjhana Basnyat, Principal" src="/userfiles/images/ss%20(Copy)(1).jpg" style="float: left; margin: 0px 10px 0px 0px; width: 125px; height: 138px;" />Samjhana Basnyat, Principal</strong></span></div>
				<div>
					<div>
						The first thing students should keep in mind while choosing a college, is the affiliation of the college. They should consider whether or not the degree would be of high value in the job market. Infrastructure, course syllabus, reputation of the organisation and reception of its products in the targeted industry are other important factors. We are looking forward to further upgrade our quality standards and add post graduate level courses to our existing world class courses.</div>
					<div>
						&nbsp;</div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Tourism is an important aspect of Nepal’s economy and the state has kept the sector in its priority. Massive investment is being made in the sector from domestic as well as foreign investors. Ease of investment in the sector is attaracting renowned world-class hospitality service providers to this exclusive Himalayan nation. Corresponding to these  increase in the number of hotels and resorts across the country, a relative increase in employment opportunities in the hospitality industry is inevitable in the near future.',
			'sortorder' => '1888',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '2037',
			'article_category_id' => '154',
			'title' => 'Learning Curve News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>Free Education in 13 Districts</strong></span></div>
<div>
	Government is implementing first phase of its &ldquo;Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase. Under this programme, the students will be receiving free textbooks, day meal, and other educational and reference materials. Likewise, children belonging to economically and socially backward communities will be receiving special support and subsidies in these districts.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>ICT Devices to Community Schools</strong></span></div>
<div>
	The Department of Education (DoE) has directed Regional Education Directorates (REDs) and District Education Offices (DEOs) to make preparations for installation of Information and Communication Technology (ICT) devices in community schools across the country.The government has allocated Rs 1 billion for providing community-based secondary schools with facilities of ICT by the end of this fiscal year. Under the ICT plan, each secondary school will get five computers, one printer and also will be provided with the internet connection.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Purbanchal University Results Published</strong></span></div>
<div>
	Purbanchal University has published examination results of it various faculties. PU&rsquo;s Office of the Examination Management, Biratnagar published these results during this week. Faculties of who results were published are:&nbsp;</div>
<div>
	&bull;BE (Civil, Electronics and Communication, Computer, Arch.)- VIII,&nbsp;</div>
<div>
	&bull;BIT- VIII,&nbsp;</div>
<div>
	&bull;B.Pharmacy- VIII,&nbsp;</div>
<div>
	&bull;MBA- I &amp; III (Spring),&nbsp;</div>
<div>
	&bull;MBA- II (Fall) Semesters and&nbsp;</div>
<div>
	&bull;BA.LL.B.- I year exam result&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Campaign to Make Bhaktapur Fully Literate Begins</strong></span></div>
<div>
	Campaign has been started to make Bhaktapur, the smallest district of the country, as fully literate district. Literacy classes have been run in each locality with a goal of declaring the district fully literate this year as the total literacy has reached 92 percent. The district is moving forward with a goal of becoming the first literate district as per the campaign to make all citizens from age 15-60 literate. The district has a population of 304,651 as per 2068 BS statistics and 60 percent women and 81 percent men here are literate. The district will become fully literate if now 11,000 people are made literate, said DEO Shankar Prasad Gautam. UNESCO has defined 95 percent literate as fully literate. (RSS)</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>TU Publishes PCL First Year Exams Schedule</strong></span></div>
<div>
	Tribhuvan University Exam Controller Office has published the examination schedule of PCL first year 2070 for the faculties of Humanities, Management, Education and Science for both regular and private (Full and partial) on Saturday, October 26. The exams are scheduled to start from Mangsir 21.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CTEVT to Require License for Trainers, Teachers</strong></span></div>
<div>
	The Council for Technical Education and Vocational Training (CTEVT) is making teaching licence mandatory for all teachers cum trainers for all the colleges and academic institutions under its affiliation. Organising a press meet CTEVT said that new provision aims to produce more qualified and skilled human resources. According to the new provision school teachers must pass Teachers&rsquo; Service Commission exams to acquire teaching licence.&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Government is implementing first phase of its “Free and Compulsory Education Programme in 13 districts from the new academic session. First phase of the programme includes free education to Grade I to Grade VIII students. According to Department of Education, the programme will be implemented in Dhankuta, Saptari, Bhaktapur, Parsa, Kaski, Rupandehi, Surkhet, Bardiya, Kanchanpur, Dadeldhura, Manang, Mustang and Dolpa districts during this phase.',
			'sortorder' => '1887',
			'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' => '2036',
			'article_category_id' => '156',
			'title' => 'Time To Tune Out The Loudmouth',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Lindsay Gellman</strong></div>
<div>
	&nbsp;</div>
<div>
	<img alt="Management Gyan" src="/userfiles/images/mg%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px;width: 250px; height: 288px;" />It&rsquo;s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they&rsquo;re talking about perform better in problem-solving tasks than those that don&rsquo;t. That&rsquo;s according to a new study from the University of Utah and Idaho State University. &ldquo;We&rsquo;d hope that facts would be the currency of influence,&rdquo; says Bryan L. Bonner, lead author of the study and an associate professor at the University of Utah&rsquo;s David Eccles School of Business. &ldquo;But often, we guess at who&rsquo;s the expert&mdash;and we&rsquo;re wrong.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	People tend to rely too much on &ldquo;messy proxies for expertise&rdquo;&mdash;such as a speaker&rsquo;s confidence level, extroversion, gender and/or race&mdash;and not enough on the content of his or her contributions, when making judgments about expertise, says Mr. Bonner. Doing so can be costly if the group doesn&rsquo;t heed those with the most relevant knowledge, Mr. Bonner says. The correlation between a speaker&rsquo;s confidence and his or her expertise is often &ldquo;very small,&rdquo; he adds.</div>
<div>
	&nbsp;</div>
<div>
	The findings mainly apply to group problem-solving tasks for which there is a correct answer (or answers), such as estimating the number of product units your firm will ship next week or valuating a company, and less so to more subjective tasks, like generating ideas for a marketing campaign, Mr. Bonner says.</div>
<div>
	&nbsp;</div>
<div>
	So how to prevent chatterboxes from taking over a meeting you&rsquo;re running? Instead of launching right into a discussion, frame the meeting as a fact-gathering mission, Mr. Bonner says. Encourage everyone to contribute, he says, and keep a running list of facts to promote shared understanding.</div>
<div>
	&nbsp;</div>
<div>
	Mr. Bonner notes that sometimes, the most vocal team members do in fact know best. &ldquo;If you&rsquo;re listening to the confident people and they&rsquo;re right&mdash;great,&rdquo; he says. Just don&rsquo;t let the expertise of quieter colleagues get lost in the shuffle.</div>
<div>
	<em>(http://blogs.wsj.com/atwork)</em></div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'It’s time to tune out the loudmouth who monopolizes meetings. Teams often struggle to determine whether those with the strongest personality necessarily have the sharpest insight, but new research suggests that groups that take the time to sort out actual experts from loudmouths who only sound like they know what they’re talking about perform better in problem-solving tasks than those that don’t.',
			'sortorder' => '1886',
			'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' => '2030',
			'article_category_id' => '141',
			'title' => 'Nepal Political Economic News In Brief ( 28 October - 3 November 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong>People will Defy Bandhs, Says Dahal</strong></span></div>
<div>
	Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections. There is no meaning of the Bandh if we are to draft constitution that addresses their demands as well as the people&rsquo;s rights, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Dr Wagle Passes Away</strong></span></div>
<div>
	Dr Chitra Prasad Wagle, passed away while struggling with appendix cancer at the Grandy hospital in Kathmandu last Thursday. Dr. Wagle who dedicated most of his medical career in attending the medical needs of rural Nepalese had been struggling with cancer for the past several months. Wagle was admitted at the Hospital on October 19. Prior to this he was treated in Thailand and India. The government had awarded him with &lsquo;Excellence in Health Service Award&rsquo; as recognition of his continous service to the people of rural Argakhanchi.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Road Mishap Claims Two</strong></span></div>
<div>
	Two passengers were killed and nine others were injured in Nuwakot district after a truck, they were travelling in, skidded off the road last Monday. Police has identified the deceased as Lalu Maya Tamang, 52, of Kalyanpur-9 and Ram Prasad Adhikari, 50. The mini truck (Ba 1 Kha 8494) heading for Raniswar of Kalyanpur VDC from Bidur Municipality-8, Baguwa, skidded off the road. Truck driver Santosh Tamang, 23, of Thansing-4, two passengers- Sunita Thakuri of Kalyanpur-9 and Srijana Singh Thakuri- have sustained critical injuries in the accident.They were brought to Kathmandu for treatment. Rests of the injured have already returned home after receiving medical attention at Trishuli Hospital.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>CPN-Maoist Vandalises UML&rsquo;s Poll Materials</strong></span></div>
<div>
	CPN-Maoist, which has vowed to boycott the upcoming CA polls, has vandalised the election materials of CPN-UML in Myagdi last Monday. According to CPN (UML) district secretary Balkrishna Subedi, a group of CPN-Maoist cadres have vandalised materials after confiscating it from the porters, who were taking it to Bhagwati for holding the election campaign there. Subedi accused a group of CPN-Maoist cadres led by district leader Lalu Kisan have vandalised their campaigning materials. The CPN-Maoist said that the local cadres might have vandalised the materials as per the party&rsquo;s policy of boycotting the CA polls.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;CPN-Maoist anti-poll activities illegal&rdquo;</strong></span></div>
<div>
	UCPN (Maoist) spokesperson Agni Prasad Sapkota has termed the CPN-Maoist&rsquo;s anti-poll activities illegal and warned the breakaway party to not repeat it. &ldquo;No one holds a right to disturb the upcoming Constituent Assembly (CA) polls by going against the people&rsquo;s sentiments and wants,&rdquo; he said speaking at a regular weekly press meet organized in the party headquarters, Paris Danda, last Saturday.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>&ldquo;Poll waves on our favour&rdquo;</strong></span></div>
<div>
	Nepali Congress vice-president Ram Chandra Poudel has claimed that a nationwide wave in favour of his party has been created on the eve of poll and added that NC will lead the process of promulgating democratic constitution. Talking with the voters last Tuesday in Tanahu, he said, &ldquo;There is trust among the people for the party as it practice what it preaches.&rdquo;</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Chairman of the UCPN-Maoist Pushpa Kamal Dahal has said that the people will reject and counter the bandh called by the Mohan Baidhya-led CPN-Maoist in its bid to foil November 19 elections.At a meeting with the cadres gathering in Biratnagar last Thursday, Dahal said the bandh called from November 11 to 20 will not make any impact in the November 19 elections.',
			'sortorder' => '1885',
			'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' => '2031',
			'article_category_id' => '145',
			'title' => 'Power Trading Growth In India: An Overview',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong>--By Pankaj Goel&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	I<span style="font-size: 12px;">ndian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.&nbsp;</span></div>
<div>
	&nbsp;</div>
<div>
	PTC India Ltd (PTC), the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership. Its primary focus is to develop a commercially vibrant power market in the country.</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;PTC is the pioneer in implementing the power trading concept in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Electricity trading has led to optimization of existing energy resources, encouraged commercial outlook in the sector and cross-border exchange of power. This has also catalyzed investment into the power sector, mainly from the private sector&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It is worthwhile mentioning here that development of power trading has created market structure facilitating private investment in the sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Power markets world-wide seek to maximize competition in generation, are open to all market participants, and compete on price, not cost.</div>
<div>
	&nbsp;</div>
<div>
	PTC pioneered the concept of power trading in India and it has continued to maintain the top position since inception. That concept was developed to promote private investment in power sector.</div>
<div>
	&nbsp;</div>
<div>
	Long term trading contracts reduce volatility in trading volumes. It helps to enter into long term PPAs with new Independent Power Producers (IPPs) and invest into power projects to increase the trading volume.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It was only after the success of PTC&rsquo;s model, that the Electricity Act 2003 recognized power trading as a distinct licensed activity. Short term power market in India has witnessed rapid growth. It not only grew in volume terms but also as percentage of total electricity generation from 3% in 2008 to 11 per cent in fiscal year 2013.</div>
<div>
	&nbsp;</div>
<div>
	PTC created a power market which is the first of its kind in South Asia. It has been facilitating a transition from cost-based returns to market based returns. PTC has contributed to create value for power &ndash; market based price discovery of power. It helps in optimal utilization of generation capacity and increased generating capacity addition. Short-term and long-term trading opportunities thus created have led to development of Power Exchange and encouraged renewable energy market.</div>
<div>
	&nbsp;</div>
<div>
	It has introduced innovative products suiting customers&rsquo; needs. Similarly, single window service has come into effect to take care of all intermediate requirements like transmission agreements, metering, accounting etc. That engages regulators at Centre/State level towards development of power market.</div>
<div>
	&nbsp;</div>
<div>
	There is possibility of cross-border trade with Nepal. India-Nepal power exchange is at a moderate level that stands at around 100-150 MW. Out of total power supplied to Nepal, PTC supplies 50-70 MUs annually to meet Nepal&rsquo;s emergent load during winter months.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Government of Nepal has prioritized hydro power development and encourages private investment. Nepal has enormous 42,000 MW hydro potential but only 2 percent has been exploited so far. Existing India-Nepal transmission links should be strengthened for long-term power trade between two countries.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<em>(The article is based on &nbsp;Goel&rsquo;s presentation made at The Power Summit 2013 organized by IPPAN. Writer is Vice President, Marketing at PTC India)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'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' => 'Indian power market is a vibrant and growing. Its growth is stable. It is completely voluntary market with multiple choice and options. Electricity trading is allowed by Electricity Act- 2003 and 41 trading licenses have been issued till March 2012. Top 5 trading licensees have 80 per cent market share.',
			'sortorder' => '1884',
			'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' => '2033',
			'article_category_id' => '144',
			'title' => 'NRNA Is Not Forum For Politics',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In Nepal, politics is often blamed as a game &nbsp;to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word &lsquo;politics&rsquo; and &lsquo;political parties&rsquo; do not have positive connotation due to inefficiency of politicians to deliver what they promise.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Non Resident Nepali Association (NRNA), knowingly or unknowingly, &nbsp;engaged in politics during its recently held NRN International Convention and Sixth Global Conference which took place in Kathmandu from October 19 to 22. As a result, the NRNA was divided according to the wish of political parties which will have &nbsp;long-term adverse impact on the entire organization.</div>
<div>
	&nbsp;</div>
<div>
	NRNA should not be divided on the basis of political affiliation and ideology. Their roadmap should be clear: prosperity of the country. &nbsp;If they want to engage in politics, they should not hesitate to enter politics directly instead of taking other NRNs for a ride to fulfill their political desire .&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	If NRNA is sincere in its effort to develop the country and take it to the next level of development, &nbsp;members of the organization should pledge for the actions which they can deliver and abstain from making promises like politicians.</div>
<div>
	&nbsp;</div>
<div>
	NRNA can contribute to the country&rsquo;s prosperity in positive manner in several ways: one, it can spread positive message about the country abroad; second, it can convince investors from the country where they are residing to invest in Nepal; third, transfer expertise and skills they acquire abroad; and fourth, promote tourism activities by visiting Nepal frequently.</div>
<div>
	&nbsp;</div>
<div>
	NRN, following the long established trend, has also started to blame the government as the sole causes of all the problems in the country. Instead of being involved in blame game, NRNs should engage themselves in productive work.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Only thing the government can provide NRN is stable policy and environment conducive for investment. NRNs should not expect much from the government rather it should provide constructive suggestions and assistance in government&rsquo;s development initiatives.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Why do people respect NRNs? The answer is clear&mdash; they are expected to be more loyal to the country when compared to other foreign investors. So, they have added responsibilities towards the country like that of Non Resident Indians in India. They have contributed to Indian economy when the economic situation was adverse and foreign investors had been shying away to invest there.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly, in spite of blaming the country&rsquo;s economic situation, NRNs should float the option of best investment areas in the existing situation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	On the other hand, we should not expect much from NRNs too. Most of the first generation NRNs has been residing abroad at present and they themselves are struggling to get established. Secondly, they should not come here and suffer loss and it is our duty to assure them the safety of their investment. Together we can lead the country on the road to prosperity.</div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In Nepal, politics is often blamed as a game  to ruin every sort of well established cannon. Despite the fact that no one can live without political activities , the word ‘politics’ and ‘political parties’ do not have positive connotation due to inefficiency of politicians to deliver what they promise.',
			'sortorder' => '1883',
			'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' => '2032',
			'article_category_id' => '145',
			'title' => 'London Can't Become Home Only To The Rich',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became &quot;the greenhouse of invention&quot;. Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell&#39;s people were cabinet makers, brass workers and glass shade and globe makers. Elsewhere in the city, new industries flourished, as did the docks and retail. Ladies shopped in &quot;the emporium of the world!&quot;. &quot;Made in London&quot; was a badge of pride. Today, the fattest profits come not from the fruits of questing minds and hard graft but from the new gold, what American writerMichael Goldfarb, in a scathing essay in today&#39;s Observer, calls &quot;the global reserve currency&quot; that is property.</div>
<div>
	&nbsp;</div>
<div>
	&quot;The property market is no longer about people making long-term investment in owning their shelter,&quot; he writes, &quot;but a place for the world&#39;s richest people to park their money at an annualised rate of return of around 10%.&quot; In 2012, an extraordinary &pound;83 bn-worth of properties were purchased mortgage-free in London with no financing.</div>
<div>
	&nbsp;</div>
<div>
	What attracts foreign (and domestic) millionaires and billionaires is not just the rate of return but the coalition&#39;s tax regime. Britain, for instance, has a base corporate tax rate of 23% (due to drop to 20% in 2015). In Germany, it is 29%. Again, while the majority of London&#39;s citizens rightly pay up to 40% or more of their incomes to maintain the hospitals, schools, roads and civic services of the city, the rich are taxed in small change.</div>
<div>
	&nbsp;</div>
<div>
	The impact of London&#39;s property market becoming another global reserve currency where the super rich stash their billions and evade tax will soon be felt in the changing nature of the city&#39;s social and cultural ecology. What price to the capital if, increasingly, teachers, artists, students and civil servants can no longer live, work and contribute to an eclectic social mix?</div>
<div>
	&nbsp;</div>
<div>
	The threat is not just cultural, but economic too. Already some senior business leaders have voiced fears that the capital is likely to lose out to cities such as Berlin in the race to become Europe&#39;s major digital hub since London is simply unaffordable for many young enterprising tech workers. Historically, the cultural industries have been major players in the British economy, but they also play a crucial role in helping create a flourishing, diverse city.</div>
<div>
	&nbsp;</div>
<div>
	That is now under serious threat and there are few, if any, senior political leaders who seem to have an oversight of what is happening. The city needs a strong advocate, one who argues vociferously that the cities that work best are ones that work for everyone. London is no longer that type of city.</div>
<div>
	<em>(The Guardian)</em></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'In his magisterial account of 19th-century London, then as now a city of contradictions, Jerry White describes how Clerkenwell became "the greenhouse of invention". Hiram Maxim perfected his machine gun there; Sebastian de Ferranti his dynamos and Guglielmo Marconi his electric telegraph. Clerkenwell's people were cabinet makers, brass workers and glass shade and globe makers.',
			'sortorder' => '1882',
			'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' => '2034',
			'article_category_id' => '105',
			'title' => 'Who Will Bell The Cat?',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money &amp; muscle. This time it should not happen.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Somebody from the audience shouted: &ldquo;Then why didn&rsquo;t you stop them at that time?&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There was deathly stillness. Gagan thundered with the pointing fingers at the mass, &lsquo;Who said that?&rdquo; There was no response. After a long and petrified silence, Gagan replied to his question himself, &lsquo;Now you know why.&rdquo; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <strong>&nbsp; &nbsp; -ML</strong></div>',
			'published' => true,
			'created' => '2013-10-28',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'At a public gathering recently a young leader of Nepali Congress Gagan Thapa was denouncing the Maoist Party. He was saying that the leaders of the Maoist Party accumulated a lot of wealth in the name of people and won the last election with the money & muscle. This time it should not happen.',
			'sortorder' => '1881',
			'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' => '1992',
			'article_category_id' => '153',
			'title' => 'A Click Here And A Market There: The Growing Camera Business',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Suraksha Adhikari&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	Everyone has memories &mdash; bitter or sweet. With time memories tend to fade, but if you want your memories to sweeten as they age then thank technology &mdash; the camera is at your service.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Traders say that because of the festive season, the sale of cameras - be it digital or SLR have been increasing. The camera is being recognized as a necessary gadget in today&rsquo;s context. Its significance has increased much in festivals. People prefer cameras to capture moments of joy and during festivals and other occasions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Growing Trend</strong></span></div>
<div>
	There are a variety of cameras in the market including digital cameras and high resolution single lens SLRs. Digital cameras are preferred by people as it is easy to carry and easier to handle. Similarly, DSLR cameras are used by people for better quality pictures or to cover wider shots.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	One of the advantages of the digital camera is that there is no limitation in the number of pictures that can be taken. Along with this, the pictures captured can also be transferred to computers and can be developed according to the wish and feasibility of the people. People prefer digital cameras to analog cameras as they cannot capture the picture more than the number set in the photographic film. Traders say that the increasing trend of these digital cameras have an effect on the sale of branded cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growing market of digital cameras clearly shows the growing interest of people towards it. Traders opine that digital cameras have a lot of opportunities in the Nepali market.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Camera" src="/userfiles/images/FOCUS1.jpg" style="width: 550px; height: 347px; margin-left: 15px; margin-right: 15px;" /></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Brands Available in the Nepali Market</strong></span></div>
<div>
	With a large variety of cameras in the Nepali market, some famous brands available in the market are Canon, Sony, Samsung, Philips, Panasonic, Nikon and others. &nbsp;All authorized dealers of these cameras in the Nepali market have introduced new model cameras during the festive season with a series of offers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The market is full of stores that deal in digital cameras of different brands. &nbsp;Stores in New road like Galaxy Photo, Royal Traders, New Amber Impex, Digital Camera Spot and more deal popular brands like Nikon, Canon, Sony, Samsung, Fuji, Olympus, Panasonic and Kodak for compact digital cameras with one year warranty. These stores also sell professional Digital Single Lens Reflex Camera (DSLR) of all brands mentioned.</div>
<div>
	&nbsp;</div>
<div>
	Primex International - Canon&rsquo;s authorised dealer in Nepal; Him Electronics - authorized dealer of Samsung in Nepal; and NepaHima Trade link - authorized dealer of Sony have introduced a new model of respective cameras on the occasion of Dashain and Tihar.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	New Amber Impex also has camera accessories of brand UBCX such as camera bags, tripod, camera case, filter and more as per the requirement of the customers. About the cameras found in Galaxy Photo Mukesh KC, a staff at New Amber Impex informs, &ldquo;The products are from Singapore whereas the brands are Japanese.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Most products at these stores are from local authorised dealers where Purushottam Thapa, staff at Royal Traders shares, &ldquo;The brands are all Japanese and the cameras are assembled in China.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	There are various kinds of digital cameras available in these stores in Kathmandu where the customers can opt for simple portable compact digital cameras as well as professional DSLRs. According to Sunil Goel, staff at New Amber Impex the brand Sony also has water proof compact digital camera.</div>
<div>
	&nbsp;</div>
<div>
	There are various series where the function and system varies accordingly and he adds, &ldquo;In the compact digital camera of Sony WX50, you can get a panorama function for a wider view and a 3D movie function as well. Likewise, in compact digital cameras of Cannon IXY420F, you will get high mega pixels, full HD, Image Stabiliser with Wifi and a touchscreen.&rdquo; Shopkeepers say that while purchasing a camera one must look into the print order that compact digital cameras offer rather than high megapixels. The quality of print depends upon the print order where Sony has A3 size print order, Cannon has A2 and Samsung has A1.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In portable digital cameras, you can get colours as per your wish ranging from silver, black, pink, blue and more. &ldquo;The camera must have cases or bags. And while handling a compact digital camera, it would be better if you use the strap of the camera while using it,&rdquo;says KC from New Amber Impex.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Status in Nepal</strong></span></div>
<div>
	The customers are interested in digital cameras as they can get a high resolution camera in relatively cheaper prices. At a minimum price of Rs 7000, people can get cameras with a focus of 8 megapixels.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The traders say that in comparison to the brands of other countries, customers prefer the brands of Japan and Korea. Digital camera of Sony from japan is popular in Nepal. Dinesh Agrawal, Sales Manager of Primex International says that this brand is more popular in the Nepali market as it has various new features in comparison to other old model cameras.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Similarly the price of the digital camera is also decreasing because of high competition between various brands of cameras. These cameras attract customers because of their portability, easy handling features and various features with&nbsp;</div>
<div>
	high quality.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Challenges</strong></span></div>
<div>
	Encouraging growth in sales aside, traders are experiencing various hurdles in this business. Though the competition is very high, traders claim that quality maintenance is not fair in the market. With the plethora of products available in the market, complaints about duplicate products are also on the rise. The growth of unhealthy competition and duplicate products that degrade market credibility is one of the few negative aspects in this business.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Photo Shop" src="/userfiles/images/FOC.jpg" style="width: 575px; height: 207px; margin-left: 15px; margin-right: 15px;" /></div>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'With the cheer of the festive season, the market is crowded with people busy in buying goods for the festival. People, unlike in former festivals are interested towards technology. The importance of technology as connective devices in festivals and other occasions have allured people in many ways. Similarly, people are also attracted with the series of discount offered during the festival.',
			'sortorder' => '1880',
			'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' => '1977',
			'article_category_id' => '137',
			'title' => 'Fama, Shiller, Hansen Win  Nobel Prize For Asset-Price Work',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The widespread criticism of economists&rsquo; failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.</div>
<div>
	&nbsp;</div>
<div>
	The Royal Swedish Academy of Sciences awarded the prize to Eugene Fama and Lars Peter Hansen of the ultra-conservative Chicago school alongside Robert Shiller, the liberal Yale economist famous for warning of the US sub-prime housing bubble in 2005. Fama and Hansen, two followers of Milton Friedman&rsquo;s free-market theories, said they were surprised to win the annual prize which they agreed would turn their lives upside down. The academy said it was honouring the three prizewinners for their work examining the way markets work. They will share the prize of Swedish Kroner 8m (&pound;781,782) equally. The academy said the three economists were at the top of their field &ldquo;for their empirical analysis of asset prices that greatly improved our understanding of how financial markets work, when they seem to work well and when they seem to work otherwise&rdquo;.</div>
<div>
	&nbsp;</div>
<div>
	Fama, 74, is notorious in leftwing circles for denying financial bubbles exist and asserting recessions are a largely unexplainable fixture of capitalism that should be allowed to take their course. His research has examined how external factors such as insider trading and government regulation can distort the workings of financial markets. In the years before the crash he joined other disciples of Friedman, including former Federal Reserve boss Alan Greenspan, in defending the efficient-markets hypothesis that underpinned the deregulation of the banking system.</div>
<div>
	&nbsp;</div>
<div>
	In the aftermath of the banking crash, Fama blamed the US government, arguing its policy of loosening laws restricting access to credit was at the heart of the crisis. He said the banking industry acted rationally in response to distorting incentives put in place by an interfering government. The American mortgage giants, Fannie Mae and Freddie Mac, were encouraged to lower the bar to lending, fuelling the sub-prime boom.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;The financial markets were a casualty of the recession, not a cause of it,&rdquo; he told the New Yorker in 2010. Fama has recently specialised in producing models that show the way stock markets and other asset markets work.</div>
<div>
	&nbsp;</div>
<div>
	Hansen, 60, is best known for his work modelling how economic actors cope with risk and changing environments. Fama and Hansen join 87 other Nobel Prize winners affiliated with Chicago University. Their success means eight Nobel winners will be working at the faculty, including six in economics.</div>
<div>
	&nbsp;</div>
<div>
	Shiller, 67, has risen to prominence following a career that has seen him adapt free-market theories to take on board concepts of exuberance and irrationality. Unlike Fama, who denies it is possible to measure whether assets are overpriced, Shiller has documented how markets can fall victim to bubbles that become unsustainable.</div>
<div>
	&nbsp;</div>
<div>
	In a video interview with the Guardian last year he said finance was not about making money but making money work for the good of communities. His book Irrational Exuberance, published in 2000, debunked the idea that markets always price assets efficiently, without triggering bubbles.</div>
<div>
	&nbsp;</div>
<div>
	The academy said: &ldquo;While it is hard to predict whether stock or bond prices will go up or down in the short term, it is possible to foresee movements over periods of three years or longer. These findings, which might seem surprising and contradictory, were made and analysed by this year&rsquo;s laureates.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Americans have dominated the economics awards in recent years; the last time there were no US economists among the winners was in 1999. The Nobel committees have now announced all six of the annual awards for 2013</div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Lars Peter Hansen</strong></span></div>
					<div>
						In another triumph for Chicago University, Hansen, 60, has been rewarded for his work developing a statistical method to test theories of asset pricing.</div>
					<div>
						&nbsp;</div>
					<div>
						In 1982 Hansen presented a statistical theory &ndash; called the Generalized Method of Moments &ndash; then used it to test whether historical share prices were consistent with the best known asset-pricing model at the time. He found the methods being used must be rejected because they failed to explain share movements. As a result, Hansen&rsquo;s work helped confirm Shiller&rsquo;s preliminary findings on bubbles and inspired new research.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Eugene Fama</strong></span></div>
					<div>
						Chicago University states that Fama, 74, &ldquo;is widely recognized as the father of modern finance&rdquo;, although that boast is clearly double-edged given the markets&rsquo; recent performance.</div>
					<div>
						&nbsp;</div>
					<div>
						His views are considered to be the direct opposite of Shiller&rsquo;s, as they are based on the &ldquo;efficient markets hypothesis&rdquo;. This is the idea that markets incorporate all known information about an asset&rsquo;s value, making it pointless trying to predict which way they will move.</div>
					<div>
						&nbsp;</div>
					<div>
						<span style="font-size: 16px;"><strong>Robert Shiller</strong></span></div>
					<div>
						Shiller, 67, is one of the few economists who can claim to have foreseen both the bursting of the dotcom bubble and the US housing crash.</div>
					<div>
						&nbsp;</div>
					<div>
						His prescient book Irrational Exuberance was first published in 2000, and he followed it up with a second edition in 2005, which took the then unfashionable view that US housing looked dangerously overvalued.</div>
					<div>
						&nbsp;</div>
					<div>
						He has given his name &ndash; along with colleague Karl Case &ndash; to the most closely watched housing market indicator in the US, the S&amp;P/Case-Shiller Home Price Index. His most recent book, Finance and the Good Society, is about the benefits of financial innovation.</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-21',
			'modified' => '2013-10-28',
			'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 widespread criticism of economists’ failure to predict the banking crash was addressed on Monday, 14th October by the Nobel committee when it awarded the much coveted prize for economics to three academics who try to show how financial markets work.',
			'sortorder' => '1879',
			'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' => '1973',
			'article_category_id' => '122',
			'title' => 'Leading Strong: The Saurabh Group',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong>--By Gaurav Aryal</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1" style="float: right; margin: 0px 0px 10px 10px;">
	<tbody>
		<tr>
			<td>
				<img alt="Bishnu Prasad Neupane,Chairman, Saurabh Group" src="/userfiles/images/BPN.jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 219px;" /></td>
		</tr>
		<tr>
			<td bgcolor="#FFFFFF">
				<div align="center">
					<div>
						<strong>Bishnu Prasad Neupane</strong></div>
					<div>
						<em>Chairman, Saurabh Group</em></div>
				</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Saurabh Group, one of the leading industrial houses of Nepal is planning to establish a large scale cement factory in Sunawal, Nawalparasi. Bishnu Prasad Neupane, Chairman of the group says this new factory will be producing 400,000 metric tonnes of clinker in the first stage and expand it to 1 million metric tonnes of clinker at the end of 2015. The factory &nbsp;has set a target to begin production by February 2014.</div>
<div>
	&nbsp;</div>
<div>
	This factory has been established with an authorised capital of Rs 4000 million. It is one of the largest cement factories of Nepal that produce their own clinker. The factory has 45 per cent shareholding of a Hong Kong based company, Krishna Holdings Limited. &nbsp;The factory is spread over 30 bighas of land and the mine is spread over an area of 20 square kilometres for extracting limestone.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that this factory uses the latest technology that is not only efficient but also energy saving. He adds the technology installed in the factory is different than those used in Nepal and consumes 50 per cent less energy. All machineries for this project are imported from Denmark and manufactured by FLSmidth Private Limited.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Expansion Drive</strong></span></div>
<div>
	The group has always been prioritising the expansion of its factories. Last year, the group had a major expansion on its laminated sacks factory, Jagdamba Synthetics Pvt Ltd. New technology was installed and all upgraded machineries were imported from Austria. The factory has an installed production capacity of 1.5 million metres of fabrics per day. Neupane claims that it is the largest woven sacks factory in South East Asia. He adds, &ldquo;We are proud to say that we are the largest producer and exporter of woven sacks in Nepal.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Jagdamba Synthetics was established around 13 years ago and the latest addition is the new process of producing laminated bags. Neupane claims that this company has the capacity to produce the thinnest fibres in the entire South Asian region with quality consistency. He says that quality consistency has helped the company export 90 per cent of its production to India.</div>
<div>
	&nbsp;</div>
<div>
	Similarly, the group has plans to convert its 15 storey building in Bhaktapur into a hotel as a part of its plan to move into the tourism industry. This three-star hotel will come into operation in a few years tying up with an international chain. Neupane says that it will be a unique hotel that utilises green technology.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Manufacturing Focus<span class="Apple-tab-span" style="white-space:pre"> </span></strong></span></div>
<div>
	The group in its initial days was involved in trading business. &nbsp;When Neupane separated from his family business and started his own, he had little experience in the manufacturing sector. He partnered with Shanker Lal Agrawal who was also in the trading business then. It was around 1996 when he and his partner Agrawal thought about entering into the manufacturing industry. Agrawal had the experience of running Jagdamba Steel and Neupane, who is also an engineer, had thoughts of establishing a cement factory.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2001, the group started the construction of a woven sacks factory that produces bags for cement packaging. Construction was completed in 2003 and production began in the same year. Similarly, the group moved into spinning and tea gardening and processing. It was followed by the establishment of Jagdamba Roto Packaging factory. Likewise, the group also moved into pashmina, steels and other construction material production. Sarbottam Cement would be the latest addition to the construction material production business of the group.</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;I always had a desire to go for production based industries especially on construction material rather than the service industry,&rdquo; Neupane says. He was often suggested to venture into more profitable sectors such as real estate and gold trading but they never lured him. Though the group is still involved in trading, it is the manufacturing sector that gives Neupane an immense pleasure. He says that the manufacturing sector creates employment for a good number of people and benefits society with both backward and forward linkages. The Saurabh group has been employing 2600 people at the moment in all of its companies.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Turning Point</strong></span></div>
<div>
	When democracy was restored in the country in 1990, it was a new beginning for the Saurabh Group as well. The group&rsquo;s major industries were established in the 1990s. The liberal policies of the government encouraged industrialists like Neupane to establish new companies. The easier licensing policies and laws were a sort of relief for them. In the mid-1990s to early 2000s, the group came up with its major companies. This was the same period when the armed insurgency was escalating and businessmen were realizing that the situation is unfavourable for making investments.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Neupane says his companies were least affected by the armed conflict being located in urban areas of the Tarai region. However, when the conflict ended and the country was moving towards conflict resolution, the political events of 2005-2006 took its toll on companies in the Tarai by disrupting the operation of factories. Neupane says that bandhs and strikes are a part of life and industrialists must be immune to such incidents.</div>
<div>
	&nbsp;</div>
<div>
	The cement factory was one of the major establishments of the group in the early 1990s. The group&rsquo;s course changed when Neupane thought of establishing his own cement bags factory while the general trend was to import bags from abroad as local production was insufficient. This very move led the group to be the largest producer of woven sacks in the South East Asian region at present.</div>
<div>
	&nbsp;</div>
<div>
	Neupane considers the group&rsquo;s move to establish a cement factory that totally depends on local raw materials as another turning point. The group came up with the idea of producing cement by manufacturing clinker using local limestone when a majority of industries were importing clinker. This gave the company the benefit to get a strong foothold in the market as one of the producers of cement in Nepal.</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong>Market Coverage</strong></span></div>
<div>
	According to Neupane, 90 per cent of the total production of Jagdamba Spinning Mills is exported to India while the remaining 10 per cent is supplied to local textile manufacturers. Similarly, products of Jagdamba Roto Packaging are supplied to confectioneries, biscuits and noodles producer for packaging and wrappers.</div>
<div>
	&nbsp;</div>
<div>
	Neupane says that the largest market of cement is Kathmandu Valley and its periphery where 40 per cent of the group&rsquo;s production is consumed. Out of around 1 billion sacks of cement produced by the group, 40 million sacks are consumed in Kathmandu Valley alone, says Neupane. He expects the groups&rsquo; market share on cement to increase to 20 per cent once Sarbottam Cement&rsquo;s production enters the market.</div>
<div>
	&nbsp;</div>
<div>
	When offering products to the market, the group abides by three fundamentals: quantity, quality and consistency. Neupane says that producing larger quantities helps to achieve economies of scale and also gives an edge to competition. Similarly, quality is the prime focus of the group and he says that any complaints on quality are taken seriously.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="SAURAV GROUP" src="/userfiles/images/spotlight1(1).jpg" style="width: 550px; height: 243px; margin-left: 20px; margin-right: 20px;" /></div>
<div>
	&nbsp;</div>
<div>
	<table border="0" cellpadding="10" width="99%">
		<tbody>
			<tr>
				<td bgcolor="#E5E4E2">
					<div>
						<span style="font-size: 16px;"><strong>Brief History</strong></span></div>
					<div>
						<div>
							The Saurabh Group&rsquo;s products can be found also in Myanmar. Till the 1960&rsquo;s, Bishnu Prasad Neupane&rsquo;s father, Lila Ram Neupane, was doing retail business alongside running a butter processing factory in Lashio town in the Shan state of Myanmar. After Buddhism was made the state religion in the 1960s, people of Nepali and Indian origin were forced to leave the country. Lila Ram Neupane made a decision to leave Myanmar and resettle in Nepal and started his own business with a wholesale store of textiles in Bhairahawa. During that time, textiles were brought from Kathmandu and distributed there. Later, he also took dealership of the National Trading and Salt Trading Limited.</div>
						<div>
							&nbsp;</div>
						<div>
							It was in 1964 when the business took shape of a group and was further diversified. Bishnu Prasad Neupane took up responsibility in 1986 and started the Jagadamba Cement Industries, his first manufacturing venture, in the early 1990s.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							Saurabh Photo International, the authorized distributor of Konka products, was in the agency trading business since 1990 and has a strong presence in the market. Currently, the group is mainly involved in the production of cement, steel, tea, spun yarn, PP Woven fabrics, calcium carbonates and other such products. The group&rsquo;s trading activities continue with imports of Konka products, Citizen watch components and other Chinese products. There are 14 companies under the group and some companies are operating under a joint venture with Shanker Group, another business house of Nepal. Today, the Saurabh Group registers an annual turnover of Rs 5 billion, Rs 4 billion, and Rs 2 billion from its cement, spinning and synthetic production, respectively.</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">Saurabh Group of Companies</span></strong></div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Laxmi Steel Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Tea Estates Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Saurabh Photo International</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Tea Processing Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Synthetics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Spinning Mills Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Cement Industries Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Roto Packaging Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree Jagdamba Builders Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Jagdamba Diamonds Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Commerz and Trust Bank Nepal</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Subha Shree J Cement Mill Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Force Electronics Pvt Ltd</div>
						<div>
							&bull;<span class="Apple-tab-span" style="white-space: pre;"> </span>Sarbottam Cement Pvt Ltd&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							<strong><span style="font-size: 16px;">CSR</span></strong></div>
						<div>
							The Saurabh group and the Neupane family have a good reputation in Rupandehi district not only for business but also for their contribution to society. The business house has contributed over Rs 100 million for social work in the area. Along with institutional corporate social responsibility (CSR) activities, the Neupane family has been carrying out philanthropic activities on a personal scale. A separate trust has been established and run by the family. This trust was established by Neupane&rsquo;s father and every year, at least Rs 2.5 million is donated by the family for social work. According to Neupane, donations amounted to Rs 2.7 million last year. He modestly says, &ldquo;This is not our CSR activity and is not for any commercial benefit. Within our family, there are three business groups and all of them contribute to the trust to make it an independent social entity.&rdquo; Neupane says that the group does not take any credit for the trust&rsquo;s activities.&nbsp;</div>
						<div>
							&nbsp;</div>
						<div>
							The trust supports government hospitals, schools and government organisations. Neupane says that most schools in Rupandehi and Nawalparasi districts have received support from the trust. Similarly, Jagdamba Cement has recently initiated ambulance services. It also carries out social training programmes for various activities such as cancer relief activity. Likewise, the group also awards people and their social and non-profit organisations that have made good contributions to society. The company has been providing cement to construct buildings of such organisations at cost price.</div>
					</div>
				</td>
			</tr>
		</tbody>
	</table>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-10-20',
			'modified' => '2013-10-28',
			'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' => 'Saurabh Group, one of the leading industrial houses of Nepal has been registering an annual turnover of Rs 18 billion and targets to raise it to Rs 20 billion at the end of the running fiscal year.',
			'sortorder' => '1878',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

file not found!

Latest

173 People Die in Disaster Incidents since June 10

Crusher Federation Urges PM Oli for Industry Renewal

Prime Minister Calls for Enhancing 'Hello Sarkar' Service

Bardiya National Park Sees Increase in Tourist Arrivals

Experts, Manpower Agencies at Odds Over Draft of Labour Migration Policy

Lower Seti Hydropower Project Acquires o500 Ropanis of Land

Government Proposes Formation of New Authority to Regulate Cooperatives

Sugar Prices Surge ahead of Festive Season amid Govt’s Failure to Import Sugar

BFIN to Host Conference in Kathmandu on Wednesday

Price of Gold Reaches All-Time High in Nepal

FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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