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The calendar is to be published within a week or two from now. According to Shankar Bhandari, Acting Examination Controller at the TU Examination Controller Department, the new calendar is including students’ admission time, curriculum, exam routine, and details on the publication of results. This is being done to end the current delay in examinations and announcement of results. </div> <div> </div> <div> Likewise, according to the Examination Controller Office, the TU staff will be working from 9:30 am to 5:30 pm to announce results on time and their salary too will be increased accordingly. </div> <div> </div> <div> <strong>6th Malaysian Education Fair </strong></div> <div> Scholars’ Choice Pvt. Ltd. organised the 6th Malaysia Education Fair in Nepal Pragya Prathisthan, Kathmandu on July 26 and July 27. The two-day fair was organised with the help of the Malaysian Embassy in Nepal. Various Malaysian Universities participated in the fair which was supposed to be beneficial for students seeking information regarding necessary details for higher studies, educational environment and the educational policies in Malaysia. </div> <div> </div> <div> According to Scholar Choice Pvt. Ltd., it’s easy to take a degree from UK, Australia, America and other countries after studying in Malaysian universities. </div> <div> </div> <div> <strong>2nd White House Inter-College B-Fiesta </strong></div> <div> Himalayan White House College is organising its second ‘Inter College B-Fiesta 2013’. The fiesta is being held on August 16 and 17 in Trade Tower, Thapathali and is a competition among Bachelors and Masters Students of Management. According to Yubraj Ghimire, CEO of White House College, the fiesta is a medium to explore talent within management students. “Students will be awarded according to their skills and talent,” he says. There will be a Management Quiz, Arts and Fashion Show and other competitions regarding management. </div> <div> </div> <div> Meanwhile, the college is also organizing its (third) ‘Nationwide Science Exhibition-2013’. Organisers hope to motivate higher secondary students towards Science and Technology through this event. </div> <div> </div> <div> <strong>Uniformed Students in Parks and Cinema Halls Arrested </strong></div> <div> High school students found in cinema halls, shopping malls, restaurants, hotels, parks and other places for amusement are being arrested by the police. The Higher Secondary Schools Investigation Committee decided, in a meeting on Friday, to inform the District Administrative office to regulate the +2 code of conduct made by the government. According to committee member Suprabhat Bhandari, arrested students will be taken to the ward police station and will be handed to their parents later. According to the code of conduct, students found bunking classes, smoking and drinking in school uniform will be fined Rs 500 to Rs 5000 and can be restricted from giving board exams. </div> <div> </div> <div> <strong>Healthy Schools Seminar at Nirvana </strong></div> <div> Nirvana Wellness Centre organized a Healthy Schools Seminar on Child Health on 20th July with a view to raise awareness about Children’s Health. Representatives from various schools and New Parents were present in the event. The programme focused on different aspects of child health with a series of presentations and interactions from Child Health Experts. Programme was emphasized on the fact that a balanced diet and active lifestyle plays a key role in a child being healthy. With its motto, Health and Beyond, Nirvana Wellness Centre says to continue to organize healthy living seminars in the future for a Healthy Society.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 a new education calendar that features admission details and examination routine, the examination process in Tribhuwan University is to be improved.', 'sortorder' => '1379', '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' => '1517', 'article_category_id' => '156', 'title' => 'Killer Resume Tip - Highlight Potential Over Achievement', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Emma Silverman</strong></div> <div> </div> <div> It’s not what you have achieved, but what you might achieve. </div> <div> A new study by scholars at Stanford and Harvard found that in a wide variety of settings people get more excited about individuals with potential and promise than those with actual, proven performance — and are more willing to hire and pay more for these high-potential candidates. (We’ve noted here that many companies prefer to hire– and even pay a premium for– snazzy outsiders, rather than promote tried-and-true insiders, even though the latter often perform better. </div> <div> </div> <div> “If your résumé hints more at your potential, rather than your achievement, people are going to think you are a more exciting and more interesting candidate than otherwise,” says co-author Michael Norton, an associate professor at Harvard Business School. </div> <div> </div> <div> However, he adds, you need to have actual accomplishments to back up the claims of potential. “If you have no achievements that could be a problem,” he says. </div> <div> </div> <div> The researchers used eight experiments to come to their conclusion that potential (e.g., “this person could win an award for his work”) is more powerful than performance (e.g. “this person has won an award for his work”). </div> <div> </div> <div> In one study, 77 subjects evaluated two hypothetical applicants for a management job. One rated very highly on a test measuring leadership potential but more moderately on a test measuring actual leadership achievement. The other candidate rated highly on a test measuring leadership achievement, but more moderately on the test measuring potential. The subjects were more excited about the candidate with the thinner résumé of achievement, the researchers found. </div> <div> </div> <div> The researchers also had participants simulate managing an NBA team, evaluating players based on actual scoring stats for a five-year league veteran or on projected stats for an incoming rookie with five years of predicted outcomes. The subjects showed a clear preference for the untested rookie and were willing to pay some 20% more — which translated to $1 million more — than the proven veteran. </div> <div> </div> <div> In another study, the researchers ran two Facebook ads for a comedian. One touted his achievements (”Critics say he has become the next big thing”) while another offered his potential (“Critics say he could become the next big thing.”) The ad showing the comedian’s potential were more than twice as likely to be clicked and garner a “like” than the former. </div> <div> </div> <div> The researchers don’t know for sure why potential is seen as more appealing than performance, but one theory is that potential carries with it a sense of uncertainty — the candidate could achieve greatness or not. </div> <div> </div> <div> While experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit, says Dr Norton. He adds that with unknown candidates, people tend to focus on upside potential, and “not nearly as much on the downside risk.” </div> <div> </div> <div> How can these lessons be applied to your own workplace or job search? The study’s authors suggest emphasizing potential in résumés and job-recommendation letters-while also providing evidence to support that claim. “When endorsing individuals for jobs, promotions, or graduate school, then, it seems prudent to highlight their potential as a means of engaging recruiters,’ employers,’ and university admissions officers’ interest,” they write. </div> <div> </div> <div> Moreover, those making hiring decisions should be aware of these biases when evaluating candidates, so they don’t ignore candidates, especially well-known internal ones, with demonstrated expertise. When managers are too wowed by potential, “you can start to make decisions that aren’t in the best interest of the organization.” </div> <div> </div> <div> The findings have implications beyond hiring, too. For example, the authors suggest framing support of a teammate or project — say when angling for scarce company resources—in terms of potential rather than achievement as a way to make that support “more engaging and persuasive. </div> <div> </div> <div> The paper was published in the Journal of Personality and Social Psychology which was co-authored by Zakary Tormala and Jayson Jia of Stanford Graduate School of Business and Michael Norton of Harvard Business School.<span style="font-size:11px;"><em> (The Wall Street Journal)</em></span></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit.', 'sortorder' => '1378', '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' => '1516', 'article_category_id' => '151', 'title' => 'E-clubs For Change', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <div> <div> <strong>--By Shruti Sonthalia</strong></div> <div> </div> <div> Access to computers and the internet has become a basic need for education in our society. Considering this fact, the Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement. Rotary International’s programs and opportunities lead to youth’s engagement on a large scale which lets young people interact and discover their interests in and potential for becoming responsible and engaged citizens. The following are its various groups that are committed to such activity. </div> <div> </div> <div> INTERACT is a service organization sponsored by Rotary clubs around Nepal for youth of 12 to 18 years. Fifty-five clubs with over 200 members are involved and each year the clubs complete at least two community service projects. Members learn the importance of developing leadership skills and personal integrity through demonstrating help and respect for others. They also understand the value of individual r e s p o n s i b i l i t y and hard work in advancing international understanding and goodwill. </div> <div> </div> <div> ROTARACT, another group designed for adults aged 18 years to 30 years is another organization that initiates efforts at the local level, with members addressing their communities’ physical and social needs. The 86 Rotaract clubs in Nepal keep its members’ days filled with reality, awareness and experience. </div> <div> </div> <div> ROTARY COMMUNITY CORPS (RCC) is a group of non-rotarians who work for their communities with the guidance and support of Rotary Clubs. RCC’s projects address issues such as health, literacy, safety, employment and the environment, encouraging a sense of service in non-rotarians so they can contribute with their share to society. </div> <div> </div> <div> ROTARY YOUTH EXCHANGE offers students aged 15 years to 19 years the chance to travel abroad for cultural exchange lasting one week to a full academic year. One can be an ambassador, teaching people about one’s own country, culture and ideas. This brings the world closer and one makes some good friends in the process. </div> <div> </div> <div> ROTARY YOUTH LEADERSHIP AWARDS (RYLA) are seminars sponsored by clubs and districts to recognize leadership abilities in young adults and adults aged 14 years to 30 years. </div> <div> </div> <div> The concept of e-clubs was introduced to meet the needs of these activities efficiently. The e-clubs are more flexible and accessible as they conduct weekly meetings on the club’s website. Rather than being physically present at an appointed day and time, members may attend meetings at any time and any day of the week. The objective of service as a basis of worthy enterprise is met well through e-clubs letting each participant make a difference in their own way.</div> </div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement.', 'sortorder' => '1377', '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' => '1515', 'article_category_id' => '146', 'title' => 'Visual Edit Issue 24', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Visual Edit', 'sortorder' => '1376', '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' => '1514', 'article_category_id' => '147', 'title' => 'B-School Rating Ranking', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">I would like to thank and congratulate the team of ‘New Business Age’ for doing such an appreciable endeavour. The team has begun initiation of a wonderful culture for awarding the B-Schools. It is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college. It has shown the students and parents that there are good colleges in the country itself for higher studies, thus, no need to go abroad spending extra money. I hope this new tradition continues.</span></p> <p> - Bipin Acharya, KUSOM</p>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college.', 'sortorder' => '1375', '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' => '1513', 'article_category_id' => '105', 'title' => 'Smart Tax Officer', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">One Officer to other in the Tax Office, Babarmahal. </span></div> <div> “What is the secret of achieving such a high target of 30% tax collection despite the gloomy business growth in your territory?” </div> <div> </div> <div> “Simple, I know that most people ignore the first and second notices sent by tax offices. So I directly send third legal notice to people through sms, letter and email. Business houses come running to pay the taxes with explanation that they missed the previous notices.</div> <div> -ML</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'One Officer to other in the Tax Office, Babarmahal.', 'sortorder' => '1374', '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' => '1512', 'article_category_id' => '144', 'title' => 'Hydro Resource ‘Curse’ To ‘Boon’', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div> <div> </div> <div> Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div> <div> </div> <div> Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div> <div> </div> <div> Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div> <div> </div> <div> The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div> <div> </div> <div> The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div> <div> </div> <div> The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div> <div> </div> <div> The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects. </div> <div> </div> <div> Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption. </div> <div> </div> <div> The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis. </div> <div> </div> <div> The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.', 'sortorder' => '1373', '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' => '1511', 'article_category_id' => '145', 'title' => 'The Next Social Contract', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Kemal Derviş" src="/userfiles/images/Kemal%20Dervi%C5%9F.jpg" style="width: 100px; height: 112px; margin: 5px;" /></div> <div> <strong>By Kemal Derviş</strong></div> <div> </div> <div> Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. </div> <div> </div> <div> Multiple problems affect employment. Weak demand in the aftermath of the global financial crisis that began in 2008 remains a key factor in Europe, the United States, and Japan. But longer-term structural issues are weighing down labor markets as well. </div> <div> </div> <div> Most important, globalization results in a continuous shift of comparative advantage, creating serious adjustment problems as employment created in new activities does not necessarily compensate for the loss of jobs in old ones. In any case, most new jobs require different skills, implying that workers losing their jobs in dying industries have little hope of finding another one. </div> <div> </div> <div> Moreover, technological progress is becoming ever more “labor-saving,” with computers and robots replacing human workers in settings ranging from supermarkets to automobile assembly lines. Given the volatile macroeconomic outlook, many firms are reluctant to hire new workers, leading to high youth unemployment throughout the world. </div> <div> </div> <div> At the same time, aging – and the associated cost of health care for the elderly – constitutes the main fiscal challenge in maturing societies. By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed. </div> <div> </div> <div> Marginal changes to existing arrangements are unlikely to be sufficient to respond to technological forces, reduce social tensions and young people’s fears, or address growing fiscal burdens. A radical reassessment of work, skill formation, retirement, and leisure is needed, with several principles forming the core of any comprehensive reform. </div> <div> </div> <div> For starters, skill formation and development must become a life-long process, starting with formal schooling, but continuing through on-the-job training and intervals of full-time education at different points in life. Special youth insertion programs should become a normal part of public support for employment and career formation, with exemption from social-security contributions for the first one or two years of employment. </div> <div> </div> <div> A second principle is that retirement should be a gradual process. People could work an average of 1,800-2,000 hours per year until they reach their 50’s, taper off to 1,300-1,500 hours in their early 60’s, and move toward the 500-1,000 range as they approach 70. A hospital nurse, an airplane crew member, or a secondary-school teacher, for example, could work five days a week until her late fifties, four days a week until age 62, three days until age 65, and perhaps two days until age 70. </div> <div> </div> <div> Employers and workers should negotiate such flexibility, but they should do so with incentives and financial support from government – for example, variable social-security and income taxes. Paid holidays can be 3-4 weeks until age 45, gradually increasing to 7-8 weeks in one’s late 60’s. Maternity and paternity leave should be increased where it is low, such as in the United States. </div> <div> </div> <div> Public policies should also encourage greater scope for individual choice. For example, every ten years, a worker should be able to engage in a year of formal learning, with one-third of the cost paid by the employer, one-third by public funds, and one-third by personal savings (these proportions could vary by income bracket). </div> <div> </div> <div> The overall objective should be a society in which, health permitting, citizens work and pay taxes until close to the age of 70, but less intensively with advancing age and in a flexible manner that reflects individual circumstances. In fact, gradual and flexible retirement would in many cases benefit not only employers and governments, but also workers themselves, because continued occupational engagement is often a source of personal satisfaction and emotionally enriching social interaction. </div> <div> </div> <div> Using the Gallup World Poll, my colleagues at the Brookings Institution in Washington, DC, Carol Graham and Milena Nikolova, have found that the happiest cohorts are those who work part-time voluntarily. In exchange for longer work lives, citizens would have more time for both leisure and skill formation throughout their lives, with positive effects on productivity and life satisfaction. </div> <div> </div> <div> The new social contract for the first half of the twenty-first century must be one that combines fiscal realism, significant room for individual preferences, and strong social solidarity and protection against shocks stemming from personal circumstances or a volatile economy. Many countries are taking steps in this direction. They are too timid. We need a comprehensive and revolutionary reframing of education, work, retirement, and leisure time. </div> <div> </div> <div> <em>(Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.) </em></div> <div> <em> Copyright: Project Syndicate, 2013.</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed.', 'sortorder' => '1372', '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' => '1510', 'article_category_id' => '141', 'title' => 'Nepal Political News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Communist Party Founder Karmacharya Passes Away </strong></div> <div> <img alt="Nar Bahadur Karmacharya" src="/userfiles/images/karmacharya.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 113px;" />One of the founding members of Communist Party of Nepal (CPN), Nar Bahadur Karmacharya, died Wednesday at the age of 90 while undergoing treatment at the Kathmandu Model Hospital. He was suffering from lung cancer. Karmacharya, along with Pushpalal Shrestha, Niranjan Govinda Baidya, Motidevi Shrestha and Narayan Bilash Joshi had established the party in Kolkata on April 22, 1949. </div> <div> </div> <div> He was the only living member among the 5 founders of the party. Though Karmacharya had distanced himself from active politics due to factional communist politics, he joined the CPN (Maoist) party after it came into the mainstream after abandoning the armed insurgency. He was a member of the Central Advisory Committee of the UCPN (Maoist) during the last days of his life. </div> <div> </div> <div> </div> <div> <strong>NC’s ToT for Cadres Kicks Off </strong></div> <div> Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday. The training was inaugurated by the party president Sushil Koirala at party office Sanepa. </div> <div> </div> <div> Nearly 300 leaders - two from each district and other from the sister wings-are participating the training that will conclude on Monday. The trainers prepared from the ToT will be deputed to all constituencies to train the NC cadres. </div> <div> </div> <div> The training will focus on NC’s stance on various contemporary issues, theoretical and practical differences between NC and other parties, strategy for the election, content of the new constitution, among others. </div> <div> </div> <div> </div> <div> <strong>Ex-king Barred to Distribute Relief </strong></div> <div> The government barred the ex-king Gyanendra Shah from distributing the relief packages to the flood victims of the far-western region last Friday. Government has cited the Election Code of Conduct for stopping the deposed royal family from distributing the relief packages. Ex-King Gyanendra, former queen Komal and Former Crown Princess Himani had reached Tikapur to distribute the relief packages on behalf of Himani Trust. The meeting of the Kailali Disaster Rescue Committee held on Thursday had directed the trust to not distribute the relief materials. After the Committee issued the written directives, the trust handed the relief packages to Nepal Red Cross Society and the Committee. </div> <div> </div> <div> </div> <div> <strong>Big Three Reiterates Readiness <span style="font-size: 12px;">to Address Dissident’s Demands </span></strong></div> <div> The major three political parties- UCPN (Maoist), Nepali Congress (NC), CPN (UML)- have vowed to address almost all demands raised by the dissident CPN-Maoist if latter agrees to go for the Constituent Assembly polls. </div> <div> </div> <div> Speaking at a program in capital on Thursday organized by PAPAD, NC President Sushil Koirala urged the CPN-Maoist not to avoid the election. He claimed the current government was a result of political circumstances rather than the interest of the political parties. </div> <div> </div> <div> Also in the program, UCPN (Maoist) chairperson Pushpa Kamal Dahal said the election was needed to make the people sovereign. “CPN-Maoist should come to the election board and we are ready to change the structure of government, call Round Table Conference and increase the number of seats of proportional representation,” he said. </div> <div> </div> <div> Likewise, UML Chairperson Jhalanath Khanal also underlined the need of dialogue to resolve the disputes.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday.', 'sortorder' => '1371', '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' => '1509', 'article_category_id' => '142', 'title' => 'Poll Update (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Govt Extends CDC Deadline </strong></div> <div> The government has extended the deadline of the Constituency Delineation Commission for another 10 days. The Interim Election Council, after a meeting on Thursday, took the decision to extend the deadline upon the request of the CDC, informed spokesperson and Minister of Information and Communication Madhav Prashad Poudel. </div> <div> </div> <div> The government had formed the commission under the coordination of former Supreme Court Justice Tahir Ali Ansari on June 14. The High Level Political Committee had formed an eight-member committee earlier to resolve constitutional and political difficulties pertaining to the delimitation of constituencies. The committee, however, failed to find an amicable solution to the problems. </div> <div> </div> <div> <p> <strong style="font-size: 12px;">CPN-Maoist Launches Campaign Against Polls </strong></p> </div> <div> The dissident party CPN-Maoist has launched its campaign to foil the November polls. Its leader Ram Bahadur Thapa ‘Badal’ smashed a mock ballot box with a hammer amid a protest program held by the party in the Capital on Thursday as a symbolic protest to disrupt the election scheduled for November 19. </div> <div> </div> <div> Earlier, the party had held a press conference at its office in Buddhanagar to announce the campaign against the election. During the conference, however, party chairperson Mohan Baidya said that his party was ready for ‘unconditional dialogue’.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The government has extended the deadline of the Constituency Delineation Commission for another 10 days.', 'sortorder' => '1370', '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' => '1508', 'article_category_id' => '143', 'title' => 'Unfounded Fears Over Monarchy’s Revival', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div> <div> </div> <div> While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country. </div> <div> </div> <div> Former Prime Minister Dr Bhattarai made such remarks at a time while a voice, albeit subtle, is emanating in favour of the deposed monarchy from a section of the political quarter. </div> <div> </div> <div> A leader of the Nepali Congress, speaking with BBC Nepali News Service, questioned the legitimacy of overthrowing the monarchy, and recently, Dr Bhattarai’s one-time communist compatriot Mohan Baidya also hinted towards the possibility of collaboration with the dethroned King on the issue of nationalism. </div> <div> </div> <div> The remark by a former Prime Minister to jail the ex-king obviously begs a question: Why should an ex-king, innocent of crime and rendered to the status of a citizen, be thrown behind bars when one of Bhattarai’s own party leaders, charged with murder by the apex court, is roaming scot-free? Apparently, it was Dr Bhattarai himself, while Prime Minister, who recommended the President to grant amnesty for a leader charged with murder. </div> <div> </div> <div> Should it be considered a crime in democracy when an ex-king attempts to woo flood victims by providing humanitarian assistance? Or, does he deserve prosecution just because he exercised his constitutional right of mobility by embarking on a trip to the far-west as a citizen of Nepal? </div> <div> </div> <div> It was easy for political leaders to pass the buck to the King while monarchy was at helm. But with monarchy all gone, the leaders have failed miserably to live up to people’s expectations. This is gradually leading to frustration, resentment and detestation among the public towards the current political dispensation. While this is not a good sign for Nepal’s nascent republic democracy, leaders should find solutions in correcting their course instead of mudslinging the erstwhile monarchy. </div> <div> </div> <div> There is no way a dead monarchy will make a comeback. Fear over the deposed monarchy’s revival is simply unfounded; the fear-mongering is an attempt to conceal one’s own incompetency and deflect public criticisms for wrongdoings. </div> <div> </div> <div> Reinstating the monarchy, no doubt, would be a regressive move. Feeble voices from a political section - particularly from the CPN (Maoist) party and a few leaders of the Nepali Congress in favour of the abolished monarchy - will either dissipate or be discarded by the people. </div> <div> </div> <div> The hue and cry over a small philanthropic move of a constitutionally powerless king reflects nothing but the defeated psyche of the UCPN (Maoist) leader. Obviously, people, who have fought for a long time for establishing a republic with multiparty democracy, would not look for monarchy as an alternative system. However, that does not necessarily mean people would stick to the same bunch of leaders who have failed to address their aspirations even after half a decade of regime change. </div> <div> </div> <div> In democracy, there should not be any room for negation, and never the politics of violence and coercion. The deposed king should be subjected to free trial if he commits any unlawful activity, but he should not be hounded time and again out of vengeance. </div> <div> </div> <div> The time is ripe for party leaders to introspect on their deeds on why they could not institutionalise a federal democratic republic and failed to win the hearts of the people. The sooner they realize it, the better.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country.', 'sortorder' => '1369', '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' => '1507', 'article_category_id' => '140', 'title' => 'Shakti Samuha Bags Magsaysay Award', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking. </div> <div> </div> <div> The Manila-based Ramon Magsaysay Award Foundation in its press release has said that the award was provided to the Shakti Samuha as a recognition for “transforming their lives in service to other human trafficking survivors, their passionate dedication towards rooting out a pernicious social evil in Nepal and the radiant example they have been in reclaiming human dignity that is the birthright of all women and children.” </div> <div> </div> <div> Established in 1957, the Ramon Magsaysay Award is Asia’s highest honour and is widely regarded as the region’s equivalent of the Nobel Prize. It celebrates the memory and leadership of the third Filipino president, and is given every year to individuals or organisations in Asia who manifest the same sense of selfless service. </div> <div> </div> <div> The award will be conferred on August 31 to the Shakti Samuha, along with three other individuals and two organisations from Afghanistan, Indonesia, Myanmar and the Philippines, amid a function in Manila. </div> <div> </div> <div> Four Nepalis - Mahesh Chandra Regmi (1977), Bharat Dutta Koirala (2002), Dr Sanduk Ruit (2006) and Mahabir Pun (2007) - have already been felicitated with this award.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking.', 'sortorder' => '1368', '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' => '1506', 'article_category_id' => '140', 'title' => 'Former PM Nepal Meets Congress (I) President Sonia, Indian PM Dr Singh', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div> <div> </div> <div> President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai. </div> <div> </div> <div> At a meeting with senior leader Madhav Kumar Nepal of the CPN (UML) at 7, Race Course in New Delhi on Wednesday, Gandhi said such unity would also steer Nepal towards a peaceful, democratic and prosperous future. </div> <div> </div> <div> Leader Nepal also apprised Gandhi about the consensus among parties to hold the CA polls in order to institutionalise the achievements of the Peoples’ Movement of 2006. Chief of Foreign Affairs of Congress (I) Dr Karan Singh, UML General Secretary Ishwor Pokhrel, and Nepal’s foreign affairs aide Bhattarai were also present in the meeting. Former PM Nepal also expressed his grief over recent casualties caused by flood in the state of Uttarakhand. </div> <div> </div> <div> Likewise, Nepal had also met Indian Prime Minister Dr Manmohan Singh and Indian Foreign Secretary Ranjan Mathai, among other leaders during his trip. </div> <div> </div> <div> Earlier, Congress President Gandhi had met with Nepali Congress senior leader Sher Bahadur Deuba in June. However, citing her busy schedule, Gandhi did not meet UCPN (Maoist) Chairperson Pushpa Kamal Dahal while he was at India in April.</div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai.', 'sortorder' => '1367', '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' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', '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 = falseinclude - 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
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The calendar is to be published within a week or two from now. According to Shankar Bhandari, Acting Examination Controller at the TU Examination Controller Department, the new calendar is including students’ admission time, curriculum, exam routine, and details on the publication of results. This is being done to end the current delay in examinations and announcement of results. </div> <div> </div> <div> Likewise, according to the Examination Controller Office, the TU staff will be working from 9:30 am to 5:30 pm to announce results on time and their salary too will be increased accordingly. </div> <div> </div> <div> <strong>6th Malaysian Education Fair </strong></div> <div> Scholars’ Choice Pvt. Ltd. organised the 6th Malaysia Education Fair in Nepal Pragya Prathisthan, Kathmandu on July 26 and July 27. The two-day fair was organised with the help of the Malaysian Embassy in Nepal. Various Malaysian Universities participated in the fair which was supposed to be beneficial for students seeking information regarding necessary details for higher studies, educational environment and the educational policies in Malaysia. </div> <div> </div> <div> According to Scholar Choice Pvt. Ltd., it’s easy to take a degree from UK, Australia, America and other countries after studying in Malaysian universities. </div> <div> </div> <div> <strong>2nd White House Inter-College B-Fiesta </strong></div> <div> Himalayan White House College is organising its second ‘Inter College B-Fiesta 2013’. The fiesta is being held on August 16 and 17 in Trade Tower, Thapathali and is a competition among Bachelors and Masters Students of Management. According to Yubraj Ghimire, CEO of White House College, the fiesta is a medium to explore talent within management students. “Students will be awarded according to their skills and talent,” he says. There will be a Management Quiz, Arts and Fashion Show and other competitions regarding management. </div> <div> </div> <div> Meanwhile, the college is also organizing its (third) ‘Nationwide Science Exhibition-2013’. Organisers hope to motivate higher secondary students towards Science and Technology through this event. </div> <div> </div> <div> <strong>Uniformed Students in Parks and Cinema Halls Arrested </strong></div> <div> High school students found in cinema halls, shopping malls, restaurants, hotels, parks and other places for amusement are being arrested by the police. The Higher Secondary Schools Investigation Committee decided, in a meeting on Friday, to inform the District Administrative office to regulate the +2 code of conduct made by the government. According to committee member Suprabhat Bhandari, arrested students will be taken to the ward police station and will be handed to their parents later. According to the code of conduct, students found bunking classes, smoking and drinking in school uniform will be fined Rs 500 to Rs 5000 and can be restricted from giving board exams. </div> <div> </div> <div> <strong>Healthy Schools Seminar at Nirvana </strong></div> <div> Nirvana Wellness Centre organized a Healthy Schools Seminar on Child Health on 20th July with a view to raise awareness about Children’s Health. Representatives from various schools and New Parents were present in the event. The programme focused on different aspects of child health with a series of presentations and interactions from Child Health Experts. Programme was emphasized on the fact that a balanced diet and active lifestyle plays a key role in a child being healthy. With its motto, Health and Beyond, Nirvana Wellness Centre says to continue to organize healthy living seminars in the future for a Healthy Society.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 a new education calendar that features admission details and examination routine, the examination process in Tribhuwan University is to be improved.', 'sortorder' => '1379', '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' => '1517', 'article_category_id' => '156', 'title' => 'Killer Resume Tip - Highlight Potential Over Achievement', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Emma Silverman</strong></div> <div> </div> <div> It’s not what you have achieved, but what you might achieve. </div> <div> A new study by scholars at Stanford and Harvard found that in a wide variety of settings people get more excited about individuals with potential and promise than those with actual, proven performance — and are more willing to hire and pay more for these high-potential candidates. (We’ve noted here that many companies prefer to hire– and even pay a premium for– snazzy outsiders, rather than promote tried-and-true insiders, even though the latter often perform better. </div> <div> </div> <div> “If your résumé hints more at your potential, rather than your achievement, people are going to think you are a more exciting and more interesting candidate than otherwise,” says co-author Michael Norton, an associate professor at Harvard Business School. </div> <div> </div> <div> However, he adds, you need to have actual accomplishments to back up the claims of potential. “If you have no achievements that could be a problem,” he says. </div> <div> </div> <div> The researchers used eight experiments to come to their conclusion that potential (e.g., “this person could win an award for his work”) is more powerful than performance (e.g. “this person has won an award for his work”). </div> <div> </div> <div> In one study, 77 subjects evaluated two hypothetical applicants for a management job. One rated very highly on a test measuring leadership potential but more moderately on a test measuring actual leadership achievement. The other candidate rated highly on a test measuring leadership achievement, but more moderately on the test measuring potential. The subjects were more excited about the candidate with the thinner résumé of achievement, the researchers found. </div> <div> </div> <div> The researchers also had participants simulate managing an NBA team, evaluating players based on actual scoring stats for a five-year league veteran or on projected stats for an incoming rookie with five years of predicted outcomes. The subjects showed a clear preference for the untested rookie and were willing to pay some 20% more — which translated to $1 million more — than the proven veteran. </div> <div> </div> <div> In another study, the researchers ran two Facebook ads for a comedian. One touted his achievements (”Critics say he has become the next big thing”) while another offered his potential (“Critics say he could become the next big thing.”) The ad showing the comedian’s potential were more than twice as likely to be clicked and garner a “like” than the former. </div> <div> </div> <div> The researchers don’t know for sure why potential is seen as more appealing than performance, but one theory is that potential carries with it a sense of uncertainty — the candidate could achieve greatness or not. </div> <div> </div> <div> While experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit, says Dr Norton. He adds that with unknown candidates, people tend to focus on upside potential, and “not nearly as much on the downside risk.” </div> <div> </div> <div> How can these lessons be applied to your own workplace or job search? The study’s authors suggest emphasizing potential in résumés and job-recommendation letters-while also providing evidence to support that claim. “When endorsing individuals for jobs, promotions, or graduate school, then, it seems prudent to highlight their potential as a means of engaging recruiters,’ employers,’ and university admissions officers’ interest,” they write. </div> <div> </div> <div> Moreover, those making hiring decisions should be aware of these biases when evaluating candidates, so they don’t ignore candidates, especially well-known internal ones, with demonstrated expertise. When managers are too wowed by potential, “you can start to make decisions that aren’t in the best interest of the organization.” </div> <div> </div> <div> The findings have implications beyond hiring, too. For example, the authors suggest framing support of a teammate or project — say when angling for scarce company resources—in terms of potential rather than achievement as a way to make that support “more engaging and persuasive. </div> <div> </div> <div> The paper was published in the Journal of Personality and Social Psychology which was co-authored by Zakary Tormala and Jayson Jia of Stanford Graduate School of Business and Michael Norton of Harvard Business School.<span style="font-size:11px;"><em> (The Wall Street Journal)</em></span></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit.', 'sortorder' => '1378', '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' => '1516', 'article_category_id' => '151', 'title' => 'E-clubs For Change', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <div> <div> <strong>--By Shruti Sonthalia</strong></div> <div> </div> <div> Access to computers and the internet has become a basic need for education in our society. Considering this fact, the Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement. Rotary International’s programs and opportunities lead to youth’s engagement on a large scale which lets young people interact and discover their interests in and potential for becoming responsible and engaged citizens. The following are its various groups that are committed to such activity. </div> <div> </div> <div> INTERACT is a service organization sponsored by Rotary clubs around Nepal for youth of 12 to 18 years. Fifty-five clubs with over 200 members are involved and each year the clubs complete at least two community service projects. Members learn the importance of developing leadership skills and personal integrity through demonstrating help and respect for others. They also understand the value of individual r e s p o n s i b i l i t y and hard work in advancing international understanding and goodwill. </div> <div> </div> <div> ROTARACT, another group designed for adults aged 18 years to 30 years is another organization that initiates efforts at the local level, with members addressing their communities’ physical and social needs. The 86 Rotaract clubs in Nepal keep its members’ days filled with reality, awareness and experience. </div> <div> </div> <div> ROTARY COMMUNITY CORPS (RCC) is a group of non-rotarians who work for their communities with the guidance and support of Rotary Clubs. RCC’s projects address issues such as health, literacy, safety, employment and the environment, encouraging a sense of service in non-rotarians so they can contribute with their share to society. </div> <div> </div> <div> ROTARY YOUTH EXCHANGE offers students aged 15 years to 19 years the chance to travel abroad for cultural exchange lasting one week to a full academic year. One can be an ambassador, teaching people about one’s own country, culture and ideas. This brings the world closer and one makes some good friends in the process. </div> <div> </div> <div> ROTARY YOUTH LEADERSHIP AWARDS (RYLA) are seminars sponsored by clubs and districts to recognize leadership abilities in young adults and adults aged 14 years to 30 years. </div> <div> </div> <div> The concept of e-clubs was introduced to meet the needs of these activities efficiently. The e-clubs are more flexible and accessible as they conduct weekly meetings on the club’s website. Rather than being physically present at an appointed day and time, members may attend meetings at any time and any day of the week. The objective of service as a basis of worthy enterprise is met well through e-clubs letting each participant make a difference in their own way.</div> </div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement.', 'sortorder' => '1377', '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' => '1515', 'article_category_id' => '146', 'title' => 'Visual Edit Issue 24', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Visual Edit', 'sortorder' => '1376', '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' => '1514', 'article_category_id' => '147', 'title' => 'B-School Rating Ranking', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">I would like to thank and congratulate the team of ‘New Business Age’ for doing such an appreciable endeavour. The team has begun initiation of a wonderful culture for awarding the B-Schools. It is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college. It has shown the students and parents that there are good colleges in the country itself for higher studies, thus, no need to go abroad spending extra money. I hope this new tradition continues.</span></p> <p> - Bipin Acharya, KUSOM</p>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college.', 'sortorder' => '1375', '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' => '1513', 'article_category_id' => '105', 'title' => 'Smart Tax Officer', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">One Officer to other in the Tax Office, Babarmahal. </span></div> <div> “What is the secret of achieving such a high target of 30% tax collection despite the gloomy business growth in your territory?” </div> <div> </div> <div> “Simple, I know that most people ignore the first and second notices sent by tax offices. So I directly send third legal notice to people through sms, letter and email. Business houses come running to pay the taxes with explanation that they missed the previous notices.</div> <div> -ML</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'One Officer to other in the Tax Office, Babarmahal.', 'sortorder' => '1374', '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' => '1512', 'article_category_id' => '144', 'title' => 'Hydro Resource ‘Curse’ To ‘Boon’', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div> <div> </div> <div> Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div> <div> </div> <div> Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div> <div> </div> <div> Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div> <div> </div> <div> The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div> <div> </div> <div> The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div> <div> </div> <div> The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div> <div> </div> <div> The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects. </div> <div> </div> <div> Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption. </div> <div> </div> <div> The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis. </div> <div> </div> <div> The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.', 'sortorder' => '1373', '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' => '1511', 'article_category_id' => '145', 'title' => 'The Next Social Contract', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Kemal Derviş" src="/userfiles/images/Kemal%20Dervi%C5%9F.jpg" style="width: 100px; height: 112px; margin: 5px;" /></div> <div> <strong>By Kemal Derviş</strong></div> <div> </div> <div> Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. </div> <div> </div> <div> Multiple problems affect employment. Weak demand in the aftermath of the global financial crisis that began in 2008 remains a key factor in Europe, the United States, and Japan. But longer-term structural issues are weighing down labor markets as well. </div> <div> </div> <div> Most important, globalization results in a continuous shift of comparative advantage, creating serious adjustment problems as employment created in new activities does not necessarily compensate for the loss of jobs in old ones. In any case, most new jobs require different skills, implying that workers losing their jobs in dying industries have little hope of finding another one. </div> <div> </div> <div> Moreover, technological progress is becoming ever more “labor-saving,” with computers and robots replacing human workers in settings ranging from supermarkets to automobile assembly lines. Given the volatile macroeconomic outlook, many firms are reluctant to hire new workers, leading to high youth unemployment throughout the world. </div> <div> </div> <div> At the same time, aging – and the associated cost of health care for the elderly – constitutes the main fiscal challenge in maturing societies. By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed. </div> <div> </div> <div> Marginal changes to existing arrangements are unlikely to be sufficient to respond to technological forces, reduce social tensions and young people’s fears, or address growing fiscal burdens. A radical reassessment of work, skill formation, retirement, and leisure is needed, with several principles forming the core of any comprehensive reform. </div> <div> </div> <div> For starters, skill formation and development must become a life-long process, starting with formal schooling, but continuing through on-the-job training and intervals of full-time education at different points in life. Special youth insertion programs should become a normal part of public support for employment and career formation, with exemption from social-security contributions for the first one or two years of employment. </div> <div> </div> <div> A second principle is that retirement should be a gradual process. People could work an average of 1,800-2,000 hours per year until they reach their 50’s, taper off to 1,300-1,500 hours in their early 60’s, and move toward the 500-1,000 range as they approach 70. A hospital nurse, an airplane crew member, or a secondary-school teacher, for example, could work five days a week until her late fifties, four days a week until age 62, three days until age 65, and perhaps two days until age 70. </div> <div> </div> <div> Employers and workers should negotiate such flexibility, but they should do so with incentives and financial support from government – for example, variable social-security and income taxes. Paid holidays can be 3-4 weeks until age 45, gradually increasing to 7-8 weeks in one’s late 60’s. Maternity and paternity leave should be increased where it is low, such as in the United States. </div> <div> </div> <div> Public policies should also encourage greater scope for individual choice. For example, every ten years, a worker should be able to engage in a year of formal learning, with one-third of the cost paid by the employer, one-third by public funds, and one-third by personal savings (these proportions could vary by income bracket). </div> <div> </div> <div> The overall objective should be a society in which, health permitting, citizens work and pay taxes until close to the age of 70, but less intensively with advancing age and in a flexible manner that reflects individual circumstances. In fact, gradual and flexible retirement would in many cases benefit not only employers and governments, but also workers themselves, because continued occupational engagement is often a source of personal satisfaction and emotionally enriching social interaction. </div> <div> </div> <div> Using the Gallup World Poll, my colleagues at the Brookings Institution in Washington, DC, Carol Graham and Milena Nikolova, have found that the happiest cohorts are those who work part-time voluntarily. In exchange for longer work lives, citizens would have more time for both leisure and skill formation throughout their lives, with positive effects on productivity and life satisfaction. </div> <div> </div> <div> The new social contract for the first half of the twenty-first century must be one that combines fiscal realism, significant room for individual preferences, and strong social solidarity and protection against shocks stemming from personal circumstances or a volatile economy. Many countries are taking steps in this direction. They are too timid. We need a comprehensive and revolutionary reframing of education, work, retirement, and leisure time. </div> <div> </div> <div> <em>(Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.) </em></div> <div> <em> Copyright: Project Syndicate, 2013.</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed.', 'sortorder' => '1372', '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' => '1510', 'article_category_id' => '141', 'title' => 'Nepal Political News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Communist Party Founder Karmacharya Passes Away </strong></div> <div> <img alt="Nar Bahadur Karmacharya" src="/userfiles/images/karmacharya.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 113px;" />One of the founding members of Communist Party of Nepal (CPN), Nar Bahadur Karmacharya, died Wednesday at the age of 90 while undergoing treatment at the Kathmandu Model Hospital. He was suffering from lung cancer. Karmacharya, along with Pushpalal Shrestha, Niranjan Govinda Baidya, Motidevi Shrestha and Narayan Bilash Joshi had established the party in Kolkata on April 22, 1949. </div> <div> </div> <div> He was the only living member among the 5 founders of the party. Though Karmacharya had distanced himself from active politics due to factional communist politics, he joined the CPN (Maoist) party after it came into the mainstream after abandoning the armed insurgency. He was a member of the Central Advisory Committee of the UCPN (Maoist) during the last days of his life. </div> <div> </div> <div> </div> <div> <strong>NC’s ToT for Cadres Kicks Off </strong></div> <div> Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday. The training was inaugurated by the party president Sushil Koirala at party office Sanepa. </div> <div> </div> <div> Nearly 300 leaders - two from each district and other from the sister wings-are participating the training that will conclude on Monday. The trainers prepared from the ToT will be deputed to all constituencies to train the NC cadres. </div> <div> </div> <div> The training will focus on NC’s stance on various contemporary issues, theoretical and practical differences between NC and other parties, strategy for the election, content of the new constitution, among others. </div> <div> </div> <div> </div> <div> <strong>Ex-king Barred to Distribute Relief </strong></div> <div> The government barred the ex-king Gyanendra Shah from distributing the relief packages to the flood victims of the far-western region last Friday. Government has cited the Election Code of Conduct for stopping the deposed royal family from distributing the relief packages. Ex-King Gyanendra, former queen Komal and Former Crown Princess Himani had reached Tikapur to distribute the relief packages on behalf of Himani Trust. The meeting of the Kailali Disaster Rescue Committee held on Thursday had directed the trust to not distribute the relief materials. After the Committee issued the written directives, the trust handed the relief packages to Nepal Red Cross Society and the Committee. </div> <div> </div> <div> </div> <div> <strong>Big Three Reiterates Readiness <span style="font-size: 12px;">to Address Dissident’s Demands </span></strong></div> <div> The major three political parties- UCPN (Maoist), Nepali Congress (NC), CPN (UML)- have vowed to address almost all demands raised by the dissident CPN-Maoist if latter agrees to go for the Constituent Assembly polls. </div> <div> </div> <div> Speaking at a program in capital on Thursday organized by PAPAD, NC President Sushil Koirala urged the CPN-Maoist not to avoid the election. He claimed the current government was a result of political circumstances rather than the interest of the political parties. </div> <div> </div> <div> Also in the program, UCPN (Maoist) chairperson Pushpa Kamal Dahal said the election was needed to make the people sovereign. “CPN-Maoist should come to the election board and we are ready to change the structure of government, call Round Table Conference and increase the number of seats of proportional representation,” he said. </div> <div> </div> <div> Likewise, UML Chairperson Jhalanath Khanal also underlined the need of dialogue to resolve the disputes.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday.', 'sortorder' => '1371', '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' => '1509', 'article_category_id' => '142', 'title' => 'Poll Update (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Govt Extends CDC Deadline </strong></div> <div> The government has extended the deadline of the Constituency Delineation Commission for another 10 days. The Interim Election Council, after a meeting on Thursday, took the decision to extend the deadline upon the request of the CDC, informed spokesperson and Minister of Information and Communication Madhav Prashad Poudel. </div> <div> </div> <div> The government had formed the commission under the coordination of former Supreme Court Justice Tahir Ali Ansari on June 14. The High Level Political Committee had formed an eight-member committee earlier to resolve constitutional and political difficulties pertaining to the delimitation of constituencies. The committee, however, failed to find an amicable solution to the problems. </div> <div> </div> <div> <p> <strong style="font-size: 12px;">CPN-Maoist Launches Campaign Against Polls </strong></p> </div> <div> The dissident party CPN-Maoist has launched its campaign to foil the November polls. Its leader Ram Bahadur Thapa ‘Badal’ smashed a mock ballot box with a hammer amid a protest program held by the party in the Capital on Thursday as a symbolic protest to disrupt the election scheduled for November 19. </div> <div> </div> <div> Earlier, the party had held a press conference at its office in Buddhanagar to announce the campaign against the election. During the conference, however, party chairperson Mohan Baidya said that his party was ready for ‘unconditional dialogue’.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The government has extended the deadline of the Constituency Delineation Commission for another 10 days.', 'sortorder' => '1370', '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' => '1508', 'article_category_id' => '143', 'title' => 'Unfounded Fears Over Monarchy’s Revival', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div> <div> </div> <div> While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country. </div> <div> </div> <div> Former Prime Minister Dr Bhattarai made such remarks at a time while a voice, albeit subtle, is emanating in favour of the deposed monarchy from a section of the political quarter. </div> <div> </div> <div> A leader of the Nepali Congress, speaking with BBC Nepali News Service, questioned the legitimacy of overthrowing the monarchy, and recently, Dr Bhattarai’s one-time communist compatriot Mohan Baidya also hinted towards the possibility of collaboration with the dethroned King on the issue of nationalism. </div> <div> </div> <div> The remark by a former Prime Minister to jail the ex-king obviously begs a question: Why should an ex-king, innocent of crime and rendered to the status of a citizen, be thrown behind bars when one of Bhattarai’s own party leaders, charged with murder by the apex court, is roaming scot-free? Apparently, it was Dr Bhattarai himself, while Prime Minister, who recommended the President to grant amnesty for a leader charged with murder. </div> <div> </div> <div> Should it be considered a crime in democracy when an ex-king attempts to woo flood victims by providing humanitarian assistance? Or, does he deserve prosecution just because he exercised his constitutional right of mobility by embarking on a trip to the far-west as a citizen of Nepal? </div> <div> </div> <div> It was easy for political leaders to pass the buck to the King while monarchy was at helm. But with monarchy all gone, the leaders have failed miserably to live up to people’s expectations. This is gradually leading to frustration, resentment and detestation among the public towards the current political dispensation. While this is not a good sign for Nepal’s nascent republic democracy, leaders should find solutions in correcting their course instead of mudslinging the erstwhile monarchy. </div> <div> </div> <div> There is no way a dead monarchy will make a comeback. Fear over the deposed monarchy’s revival is simply unfounded; the fear-mongering is an attempt to conceal one’s own incompetency and deflect public criticisms for wrongdoings. </div> <div> </div> <div> Reinstating the monarchy, no doubt, would be a regressive move. Feeble voices from a political section - particularly from the CPN (Maoist) party and a few leaders of the Nepali Congress in favour of the abolished monarchy - will either dissipate or be discarded by the people. </div> <div> </div> <div> The hue and cry over a small philanthropic move of a constitutionally powerless king reflects nothing but the defeated psyche of the UCPN (Maoist) leader. Obviously, people, who have fought for a long time for establishing a republic with multiparty democracy, would not look for monarchy as an alternative system. However, that does not necessarily mean people would stick to the same bunch of leaders who have failed to address their aspirations even after half a decade of regime change. </div> <div> </div> <div> In democracy, there should not be any room for negation, and never the politics of violence and coercion. The deposed king should be subjected to free trial if he commits any unlawful activity, but he should not be hounded time and again out of vengeance. </div> <div> </div> <div> The time is ripe for party leaders to introspect on their deeds on why they could not institutionalise a federal democratic republic and failed to win the hearts of the people. The sooner they realize it, the better.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country.', 'sortorder' => '1369', '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' => '1507', 'article_category_id' => '140', 'title' => 'Shakti Samuha Bags Magsaysay Award', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking. </div> <div> </div> <div> The Manila-based Ramon Magsaysay Award Foundation in its press release has said that the award was provided to the Shakti Samuha as a recognition for “transforming their lives in service to other human trafficking survivors, their passionate dedication towards rooting out a pernicious social evil in Nepal and the radiant example they have been in reclaiming human dignity that is the birthright of all women and children.” </div> <div> </div> <div> Established in 1957, the Ramon Magsaysay Award is Asia’s highest honour and is widely regarded as the region’s equivalent of the Nobel Prize. It celebrates the memory and leadership of the third Filipino president, and is given every year to individuals or organisations in Asia who manifest the same sense of selfless service. </div> <div> </div> <div> The award will be conferred on August 31 to the Shakti Samuha, along with three other individuals and two organisations from Afghanistan, Indonesia, Myanmar and the Philippines, amid a function in Manila. </div> <div> </div> <div> Four Nepalis - Mahesh Chandra Regmi (1977), Bharat Dutta Koirala (2002), Dr Sanduk Ruit (2006) and Mahabir Pun (2007) - have already been felicitated with this award.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking.', 'sortorder' => '1368', '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' => '1506', 'article_category_id' => '140', 'title' => 'Former PM Nepal Meets Congress (I) President Sonia, Indian PM Dr Singh', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div> <div> </div> <div> President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai. </div> <div> </div> <div> At a meeting with senior leader Madhav Kumar Nepal of the CPN (UML) at 7, Race Course in New Delhi on Wednesday, Gandhi said such unity would also steer Nepal towards a peaceful, democratic and prosperous future. </div> <div> </div> <div> Leader Nepal also apprised Gandhi about the consensus among parties to hold the CA polls in order to institutionalise the achievements of the Peoples’ Movement of 2006. Chief of Foreign Affairs of Congress (I) Dr Karan Singh, UML General Secretary Ishwor Pokhrel, and Nepal’s foreign affairs aide Bhattarai were also present in the meeting. Former PM Nepal also expressed his grief over recent casualties caused by flood in the state of Uttarakhand. </div> <div> </div> <div> Likewise, Nepal had also met Indian Prime Minister Dr Manmohan Singh and Indian Foreign Secretary Ranjan Mathai, among other leaders during his trip. </div> <div> </div> <div> Earlier, Congress President Gandhi had met with Nepali Congress senior leader Sher Bahadur Deuba in June. However, citing her busy schedule, Gandhi did not meet UCPN (Maoist) Chairperson Pushpa Kamal Dahal while he was at India in April.</div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai.', 'sortorder' => '1367', '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' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', '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 = falsesimplexml_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
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The calendar is to be published within a week or two from now. According to Shankar Bhandari, Acting Examination Controller at the TU Examination Controller Department, the new calendar is including students’ admission time, curriculum, exam routine, and details on the publication of results. This is being done to end the current delay in examinations and announcement of results. </div> <div> </div> <div> Likewise, according to the Examination Controller Office, the TU staff will be working from 9:30 am to 5:30 pm to announce results on time and their salary too will be increased accordingly. </div> <div> </div> <div> <strong>6th Malaysian Education Fair </strong></div> <div> Scholars’ Choice Pvt. Ltd. organised the 6th Malaysia Education Fair in Nepal Pragya Prathisthan, Kathmandu on July 26 and July 27. The two-day fair was organised with the help of the Malaysian Embassy in Nepal. Various Malaysian Universities participated in the fair which was supposed to be beneficial for students seeking information regarding necessary details for higher studies, educational environment and the educational policies in Malaysia. </div> <div> </div> <div> According to Scholar Choice Pvt. Ltd., it’s easy to take a degree from UK, Australia, America and other countries after studying in Malaysian universities. </div> <div> </div> <div> <strong>2nd White House Inter-College B-Fiesta </strong></div> <div> Himalayan White House College is organising its second ‘Inter College B-Fiesta 2013’. The fiesta is being held on August 16 and 17 in Trade Tower, Thapathali and is a competition among Bachelors and Masters Students of Management. According to Yubraj Ghimire, CEO of White House College, the fiesta is a medium to explore talent within management students. “Students will be awarded according to their skills and talent,” he says. There will be a Management Quiz, Arts and Fashion Show and other competitions regarding management. </div> <div> </div> <div> Meanwhile, the college is also organizing its (third) ‘Nationwide Science Exhibition-2013’. Organisers hope to motivate higher secondary students towards Science and Technology through this event. </div> <div> </div> <div> <strong>Uniformed Students in Parks and Cinema Halls Arrested </strong></div> <div> High school students found in cinema halls, shopping malls, restaurants, hotels, parks and other places for amusement are being arrested by the police. The Higher Secondary Schools Investigation Committee decided, in a meeting on Friday, to inform the District Administrative office to regulate the +2 code of conduct made by the government. According to committee member Suprabhat Bhandari, arrested students will be taken to the ward police station and will be handed to their parents later. According to the code of conduct, students found bunking classes, smoking and drinking in school uniform will be fined Rs 500 to Rs 5000 and can be restricted from giving board exams. </div> <div> </div> <div> <strong>Healthy Schools Seminar at Nirvana </strong></div> <div> Nirvana Wellness Centre organized a Healthy Schools Seminar on Child Health on 20th July with a view to raise awareness about Children’s Health. Representatives from various schools and New Parents were present in the event. The programme focused on different aspects of child health with a series of presentations and interactions from Child Health Experts. Programme was emphasized on the fact that a balanced diet and active lifestyle plays a key role in a child being healthy. With its motto, Health and Beyond, Nirvana Wellness Centre says to continue to organize healthy living seminars in the future for a Healthy Society.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 a new education calendar that features admission details and examination routine, the examination process in Tribhuwan University is to be improved.', 'sortorder' => '1379', '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' => '1517', 'article_category_id' => '156', 'title' => 'Killer Resume Tip - Highlight Potential Over Achievement', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Emma Silverman</strong></div> <div> </div> <div> It’s not what you have achieved, but what you might achieve. </div> <div> A new study by scholars at Stanford and Harvard found that in a wide variety of settings people get more excited about individuals with potential and promise than those with actual, proven performance — and are more willing to hire and pay more for these high-potential candidates. (We’ve noted here that many companies prefer to hire– and even pay a premium for– snazzy outsiders, rather than promote tried-and-true insiders, even though the latter often perform better. </div> <div> </div> <div> “If your résumé hints more at your potential, rather than your achievement, people are going to think you are a more exciting and more interesting candidate than otherwise,” says co-author Michael Norton, an associate professor at Harvard Business School. </div> <div> </div> <div> However, he adds, you need to have actual accomplishments to back up the claims of potential. “If you have no achievements that could be a problem,” he says. </div> <div> </div> <div> The researchers used eight experiments to come to their conclusion that potential (e.g., “this person could win an award for his work”) is more powerful than performance (e.g. “this person has won an award for his work”). </div> <div> </div> <div> In one study, 77 subjects evaluated two hypothetical applicants for a management job. One rated very highly on a test measuring leadership potential but more moderately on a test measuring actual leadership achievement. The other candidate rated highly on a test measuring leadership achievement, but more moderately on the test measuring potential. The subjects were more excited about the candidate with the thinner résumé of achievement, the researchers found. </div> <div> </div> <div> The researchers also had participants simulate managing an NBA team, evaluating players based on actual scoring stats for a five-year league veteran or on projected stats for an incoming rookie with five years of predicted outcomes. The subjects showed a clear preference for the untested rookie and were willing to pay some 20% more — which translated to $1 million more — than the proven veteran. </div> <div> </div> <div> In another study, the researchers ran two Facebook ads for a comedian. One touted his achievements (”Critics say he has become the next big thing”) while another offered his potential (“Critics say he could become the next big thing.”) The ad showing the comedian’s potential were more than twice as likely to be clicked and garner a “like” than the former. </div> <div> </div> <div> The researchers don’t know for sure why potential is seen as more appealing than performance, but one theory is that potential carries with it a sense of uncertainty — the candidate could achieve greatness or not. </div> <div> </div> <div> While experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit, says Dr Norton. He adds that with unknown candidates, people tend to focus on upside potential, and “not nearly as much on the downside risk.” </div> <div> </div> <div> How can these lessons be applied to your own workplace or job search? The study’s authors suggest emphasizing potential in résumés and job-recommendation letters-while also providing evidence to support that claim. “When endorsing individuals for jobs, promotions, or graduate school, then, it seems prudent to highlight their potential as a means of engaging recruiters,’ employers,’ and university admissions officers’ interest,” they write. </div> <div> </div> <div> Moreover, those making hiring decisions should be aware of these biases when evaluating candidates, so they don’t ignore candidates, especially well-known internal ones, with demonstrated expertise. When managers are too wowed by potential, “you can start to make decisions that aren’t in the best interest of the organization.” </div> <div> </div> <div> The findings have implications beyond hiring, too. For example, the authors suggest framing support of a teammate or project — say when angling for scarce company resources—in terms of potential rather than achievement as a way to make that support “more engaging and persuasive. </div> <div> </div> <div> The paper was published in the Journal of Personality and Social Psychology which was co-authored by Zakary Tormala and Jayson Jia of Stanford Graduate School of Business and Michael Norton of Harvard Business School.<span style="font-size:11px;"><em> (The Wall Street Journal)</em></span></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit.', 'sortorder' => '1378', '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' => '1516', 'article_category_id' => '151', 'title' => 'E-clubs For Change', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <div> <div> <strong>--By Shruti Sonthalia</strong></div> <div> </div> <div> Access to computers and the internet has become a basic need for education in our society. Considering this fact, the Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement. Rotary International’s programs and opportunities lead to youth’s engagement on a large scale which lets young people interact and discover their interests in and potential for becoming responsible and engaged citizens. The following are its various groups that are committed to such activity. </div> <div> </div> <div> INTERACT is a service organization sponsored by Rotary clubs around Nepal for youth of 12 to 18 years. Fifty-five clubs with over 200 members are involved and each year the clubs complete at least two community service projects. Members learn the importance of developing leadership skills and personal integrity through demonstrating help and respect for others. They also understand the value of individual r e s p o n s i b i l i t y and hard work in advancing international understanding and goodwill. </div> <div> </div> <div> ROTARACT, another group designed for adults aged 18 years to 30 years is another organization that initiates efforts at the local level, with members addressing their communities’ physical and social needs. The 86 Rotaract clubs in Nepal keep its members’ days filled with reality, awareness and experience. </div> <div> </div> <div> ROTARY COMMUNITY CORPS (RCC) is a group of non-rotarians who work for their communities with the guidance and support of Rotary Clubs. RCC’s projects address issues such as health, literacy, safety, employment and the environment, encouraging a sense of service in non-rotarians so they can contribute with their share to society. </div> <div> </div> <div> ROTARY YOUTH EXCHANGE offers students aged 15 years to 19 years the chance to travel abroad for cultural exchange lasting one week to a full academic year. One can be an ambassador, teaching people about one’s own country, culture and ideas. This brings the world closer and one makes some good friends in the process. </div> <div> </div> <div> ROTARY YOUTH LEADERSHIP AWARDS (RYLA) are seminars sponsored by clubs and districts to recognize leadership abilities in young adults and adults aged 14 years to 30 years. </div> <div> </div> <div> The concept of e-clubs was introduced to meet the needs of these activities efficiently. The e-clubs are more flexible and accessible as they conduct weekly meetings on the club’s website. Rather than being physically present at an appointed day and time, members may attend meetings at any time and any day of the week. The objective of service as a basis of worthy enterprise is met well through e-clubs letting each participant make a difference in their own way.</div> </div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement.', 'sortorder' => '1377', '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' => '1515', 'article_category_id' => '146', 'title' => 'Visual Edit Issue 24', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Visual Edit', 'sortorder' => '1376', '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' => '1514', 'article_category_id' => '147', 'title' => 'B-School Rating Ranking', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">I would like to thank and congratulate the team of ‘New Business Age’ for doing such an appreciable endeavour. The team has begun initiation of a wonderful culture for awarding the B-Schools. It is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college. It has shown the students and parents that there are good colleges in the country itself for higher studies, thus, no need to go abroad spending extra money. I hope this new tradition continues.</span></p> <p> - Bipin Acharya, KUSOM</p>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college.', 'sortorder' => '1375', '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' => '1513', 'article_category_id' => '105', 'title' => 'Smart Tax Officer', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">One Officer to other in the Tax Office, Babarmahal. </span></div> <div> “What is the secret of achieving such a high target of 30% tax collection despite the gloomy business growth in your territory?” </div> <div> </div> <div> “Simple, I know that most people ignore the first and second notices sent by tax offices. So I directly send third legal notice to people through sms, letter and email. Business houses come running to pay the taxes with explanation that they missed the previous notices.</div> <div> -ML</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'One Officer to other in the Tax Office, Babarmahal.', 'sortorder' => '1374', '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' => '1512', 'article_category_id' => '144', 'title' => 'Hydro Resource ‘Curse’ To ‘Boon’', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div> <div> </div> <div> Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div> <div> </div> <div> Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div> <div> </div> <div> Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div> <div> </div> <div> The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div> <div> </div> <div> The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div> <div> </div> <div> The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div> <div> </div> <div> The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects. </div> <div> </div> <div> Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption. </div> <div> </div> <div> The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis. </div> <div> </div> <div> The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.', 'sortorder' => '1373', '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' => '1511', 'article_category_id' => '145', 'title' => 'The Next Social Contract', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Kemal Derviş" src="/userfiles/images/Kemal%20Dervi%C5%9F.jpg" style="width: 100px; height: 112px; margin: 5px;" /></div> <div> <strong>By Kemal Derviş</strong></div> <div> </div> <div> Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. </div> <div> </div> <div> Multiple problems affect employment. Weak demand in the aftermath of the global financial crisis that began in 2008 remains a key factor in Europe, the United States, and Japan. But longer-term structural issues are weighing down labor markets as well. </div> <div> </div> <div> Most important, globalization results in a continuous shift of comparative advantage, creating serious adjustment problems as employment created in new activities does not necessarily compensate for the loss of jobs in old ones. In any case, most new jobs require different skills, implying that workers losing their jobs in dying industries have little hope of finding another one. </div> <div> </div> <div> Moreover, technological progress is becoming ever more “labor-saving,” with computers and robots replacing human workers in settings ranging from supermarkets to automobile assembly lines. Given the volatile macroeconomic outlook, many firms are reluctant to hire new workers, leading to high youth unemployment throughout the world. </div> <div> </div> <div> At the same time, aging – and the associated cost of health care for the elderly – constitutes the main fiscal challenge in maturing societies. By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed. </div> <div> </div> <div> Marginal changes to existing arrangements are unlikely to be sufficient to respond to technological forces, reduce social tensions and young people’s fears, or address growing fiscal burdens. A radical reassessment of work, skill formation, retirement, and leisure is needed, with several principles forming the core of any comprehensive reform. </div> <div> </div> <div> For starters, skill formation and development must become a life-long process, starting with formal schooling, but continuing through on-the-job training and intervals of full-time education at different points in life. Special youth insertion programs should become a normal part of public support for employment and career formation, with exemption from social-security contributions for the first one or two years of employment. </div> <div> </div> <div> A second principle is that retirement should be a gradual process. People could work an average of 1,800-2,000 hours per year until they reach their 50’s, taper off to 1,300-1,500 hours in their early 60’s, and move toward the 500-1,000 range as they approach 70. A hospital nurse, an airplane crew member, or a secondary-school teacher, for example, could work five days a week until her late fifties, four days a week until age 62, three days until age 65, and perhaps two days until age 70. </div> <div> </div> <div> Employers and workers should negotiate such flexibility, but they should do so with incentives and financial support from government – for example, variable social-security and income taxes. Paid holidays can be 3-4 weeks until age 45, gradually increasing to 7-8 weeks in one’s late 60’s. Maternity and paternity leave should be increased where it is low, such as in the United States. </div> <div> </div> <div> Public policies should also encourage greater scope for individual choice. For example, every ten years, a worker should be able to engage in a year of formal learning, with one-third of the cost paid by the employer, one-third by public funds, and one-third by personal savings (these proportions could vary by income bracket). </div> <div> </div> <div> The overall objective should be a society in which, health permitting, citizens work and pay taxes until close to the age of 70, but less intensively with advancing age and in a flexible manner that reflects individual circumstances. In fact, gradual and flexible retirement would in many cases benefit not only employers and governments, but also workers themselves, because continued occupational engagement is often a source of personal satisfaction and emotionally enriching social interaction. </div> <div> </div> <div> Using the Gallup World Poll, my colleagues at the Brookings Institution in Washington, DC, Carol Graham and Milena Nikolova, have found that the happiest cohorts are those who work part-time voluntarily. In exchange for longer work lives, citizens would have more time for both leisure and skill formation throughout their lives, with positive effects on productivity and life satisfaction. </div> <div> </div> <div> The new social contract for the first half of the twenty-first century must be one that combines fiscal realism, significant room for individual preferences, and strong social solidarity and protection against shocks stemming from personal circumstances or a volatile economy. Many countries are taking steps in this direction. They are too timid. We need a comprehensive and revolutionary reframing of education, work, retirement, and leisure time. </div> <div> </div> <div> <em>(Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.) </em></div> <div> <em> Copyright: Project Syndicate, 2013.</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed.', 'sortorder' => '1372', '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' => '1510', 'article_category_id' => '141', 'title' => 'Nepal Political News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Communist Party Founder Karmacharya Passes Away </strong></div> <div> <img alt="Nar Bahadur Karmacharya" src="/userfiles/images/karmacharya.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 113px;" />One of the founding members of Communist Party of Nepal (CPN), Nar Bahadur Karmacharya, died Wednesday at the age of 90 while undergoing treatment at the Kathmandu Model Hospital. He was suffering from lung cancer. Karmacharya, along with Pushpalal Shrestha, Niranjan Govinda Baidya, Motidevi Shrestha and Narayan Bilash Joshi had established the party in Kolkata on April 22, 1949. </div> <div> </div> <div> He was the only living member among the 5 founders of the party. Though Karmacharya had distanced himself from active politics due to factional communist politics, he joined the CPN (Maoist) party after it came into the mainstream after abandoning the armed insurgency. He was a member of the Central Advisory Committee of the UCPN (Maoist) during the last days of his life. </div> <div> </div> <div> </div> <div> <strong>NC’s ToT for Cadres Kicks Off </strong></div> <div> Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday. The training was inaugurated by the party president Sushil Koirala at party office Sanepa. </div> <div> </div> <div> Nearly 300 leaders - two from each district and other from the sister wings-are participating the training that will conclude on Monday. The trainers prepared from the ToT will be deputed to all constituencies to train the NC cadres. </div> <div> </div> <div> The training will focus on NC’s stance on various contemporary issues, theoretical and practical differences between NC and other parties, strategy for the election, content of the new constitution, among others. </div> <div> </div> <div> </div> <div> <strong>Ex-king Barred to Distribute Relief </strong></div> <div> The government barred the ex-king Gyanendra Shah from distributing the relief packages to the flood victims of the far-western region last Friday. Government has cited the Election Code of Conduct for stopping the deposed royal family from distributing the relief packages. Ex-King Gyanendra, former queen Komal and Former Crown Princess Himani had reached Tikapur to distribute the relief packages on behalf of Himani Trust. The meeting of the Kailali Disaster Rescue Committee held on Thursday had directed the trust to not distribute the relief materials. After the Committee issued the written directives, the trust handed the relief packages to Nepal Red Cross Society and the Committee. </div> <div> </div> <div> </div> <div> <strong>Big Three Reiterates Readiness <span style="font-size: 12px;">to Address Dissident’s Demands </span></strong></div> <div> The major three political parties- UCPN (Maoist), Nepali Congress (NC), CPN (UML)- have vowed to address almost all demands raised by the dissident CPN-Maoist if latter agrees to go for the Constituent Assembly polls. </div> <div> </div> <div> Speaking at a program in capital on Thursday organized by PAPAD, NC President Sushil Koirala urged the CPN-Maoist not to avoid the election. He claimed the current government was a result of political circumstances rather than the interest of the political parties. </div> <div> </div> <div> Also in the program, UCPN (Maoist) chairperson Pushpa Kamal Dahal said the election was needed to make the people sovereign. “CPN-Maoist should come to the election board and we are ready to change the structure of government, call Round Table Conference and increase the number of seats of proportional representation,” he said. </div> <div> </div> <div> Likewise, UML Chairperson Jhalanath Khanal also underlined the need of dialogue to resolve the disputes.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday.', 'sortorder' => '1371', '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' => '1509', 'article_category_id' => '142', 'title' => 'Poll Update (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Govt Extends CDC Deadline </strong></div> <div> The government has extended the deadline of the Constituency Delineation Commission for another 10 days. The Interim Election Council, after a meeting on Thursday, took the decision to extend the deadline upon the request of the CDC, informed spokesperson and Minister of Information and Communication Madhav Prashad Poudel. </div> <div> </div> <div> The government had formed the commission under the coordination of former Supreme Court Justice Tahir Ali Ansari on June 14. The High Level Political Committee had formed an eight-member committee earlier to resolve constitutional and political difficulties pertaining to the delimitation of constituencies. The committee, however, failed to find an amicable solution to the problems. </div> <div> </div> <div> <p> <strong style="font-size: 12px;">CPN-Maoist Launches Campaign Against Polls </strong></p> </div> <div> The dissident party CPN-Maoist has launched its campaign to foil the November polls. Its leader Ram Bahadur Thapa ‘Badal’ smashed a mock ballot box with a hammer amid a protest program held by the party in the Capital on Thursday as a symbolic protest to disrupt the election scheduled for November 19. </div> <div> </div> <div> Earlier, the party had held a press conference at its office in Buddhanagar to announce the campaign against the election. During the conference, however, party chairperson Mohan Baidya said that his party was ready for ‘unconditional dialogue’.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The government has extended the deadline of the Constituency Delineation Commission for another 10 days.', 'sortorder' => '1370', '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' => '1508', 'article_category_id' => '143', 'title' => 'Unfounded Fears Over Monarchy’s Revival', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div> <div> </div> <div> While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country. </div> <div> </div> <div> Former Prime Minister Dr Bhattarai made such remarks at a time while a voice, albeit subtle, is emanating in favour of the deposed monarchy from a section of the political quarter. </div> <div> </div> <div> A leader of the Nepali Congress, speaking with BBC Nepali News Service, questioned the legitimacy of overthrowing the monarchy, and recently, Dr Bhattarai’s one-time communist compatriot Mohan Baidya also hinted towards the possibility of collaboration with the dethroned King on the issue of nationalism. </div> <div> </div> <div> The remark by a former Prime Minister to jail the ex-king obviously begs a question: Why should an ex-king, innocent of crime and rendered to the status of a citizen, be thrown behind bars when one of Bhattarai’s own party leaders, charged with murder by the apex court, is roaming scot-free? Apparently, it was Dr Bhattarai himself, while Prime Minister, who recommended the President to grant amnesty for a leader charged with murder. </div> <div> </div> <div> Should it be considered a crime in democracy when an ex-king attempts to woo flood victims by providing humanitarian assistance? Or, does he deserve prosecution just because he exercised his constitutional right of mobility by embarking on a trip to the far-west as a citizen of Nepal? </div> <div> </div> <div> It was easy for political leaders to pass the buck to the King while monarchy was at helm. But with monarchy all gone, the leaders have failed miserably to live up to people’s expectations. This is gradually leading to frustration, resentment and detestation among the public towards the current political dispensation. While this is not a good sign for Nepal’s nascent republic democracy, leaders should find solutions in correcting their course instead of mudslinging the erstwhile monarchy. </div> <div> </div> <div> There is no way a dead monarchy will make a comeback. Fear over the deposed monarchy’s revival is simply unfounded; the fear-mongering is an attempt to conceal one’s own incompetency and deflect public criticisms for wrongdoings. </div> <div> </div> <div> Reinstating the monarchy, no doubt, would be a regressive move. Feeble voices from a political section - particularly from the CPN (Maoist) party and a few leaders of the Nepali Congress in favour of the abolished monarchy - will either dissipate or be discarded by the people. </div> <div> </div> <div> The hue and cry over a small philanthropic move of a constitutionally powerless king reflects nothing but the defeated psyche of the UCPN (Maoist) leader. Obviously, people, who have fought for a long time for establishing a republic with multiparty democracy, would not look for monarchy as an alternative system. However, that does not necessarily mean people would stick to the same bunch of leaders who have failed to address their aspirations even after half a decade of regime change. </div> <div> </div> <div> In democracy, there should not be any room for negation, and never the politics of violence and coercion. The deposed king should be subjected to free trial if he commits any unlawful activity, but he should not be hounded time and again out of vengeance. </div> <div> </div> <div> The time is ripe for party leaders to introspect on their deeds on why they could not institutionalise a federal democratic republic and failed to win the hearts of the people. The sooner they realize it, the better.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country.', 'sortorder' => '1369', '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' => '1507', 'article_category_id' => '140', 'title' => 'Shakti Samuha Bags Magsaysay Award', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking. </div> <div> </div> <div> The Manila-based Ramon Magsaysay Award Foundation in its press release has said that the award was provided to the Shakti Samuha as a recognition for “transforming their lives in service to other human trafficking survivors, their passionate dedication towards rooting out a pernicious social evil in Nepal and the radiant example they have been in reclaiming human dignity that is the birthright of all women and children.” </div> <div> </div> <div> Established in 1957, the Ramon Magsaysay Award is Asia’s highest honour and is widely regarded as the region’s equivalent of the Nobel Prize. It celebrates the memory and leadership of the third Filipino president, and is given every year to individuals or organisations in Asia who manifest the same sense of selfless service. </div> <div> </div> <div> The award will be conferred on August 31 to the Shakti Samuha, along with three other individuals and two organisations from Afghanistan, Indonesia, Myanmar and the Philippines, amid a function in Manila. </div> <div> </div> <div> Four Nepalis - Mahesh Chandra Regmi (1977), Bharat Dutta Koirala (2002), Dr Sanduk Ruit (2006) and Mahabir Pun (2007) - have already been felicitated with this award.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking.', 'sortorder' => '1368', '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' => '1506', 'article_category_id' => '140', 'title' => 'Former PM Nepal Meets Congress (I) President Sonia, Indian PM Dr Singh', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div> <div> </div> <div> President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai. </div> <div> </div> <div> At a meeting with senior leader Madhav Kumar Nepal of the CPN (UML) at 7, Race Course in New Delhi on Wednesday, Gandhi said such unity would also steer Nepal towards a peaceful, democratic and prosperous future. </div> <div> </div> <div> Leader Nepal also apprised Gandhi about the consensus among parties to hold the CA polls in order to institutionalise the achievements of the Peoples’ Movement of 2006. Chief of Foreign Affairs of Congress (I) Dr Karan Singh, UML General Secretary Ishwor Pokhrel, and Nepal’s foreign affairs aide Bhattarai were also present in the meeting. Former PM Nepal also expressed his grief over recent casualties caused by flood in the state of Uttarakhand. </div> <div> </div> <div> Likewise, Nepal had also met Indian Prime Minister Dr Manmohan Singh and Indian Foreign Secretary Ranjan Mathai, among other leaders during his trip. </div> <div> </div> <div> Earlier, Congress President Gandhi had met with Nepali Congress senior leader Sher Bahadur Deuba in June. However, citing her busy schedule, Gandhi did not meet UCPN (Maoist) Chairperson Pushpa Kamal Dahal while he was at India in April.</div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai.', 'sortorder' => '1367', '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' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', '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 = falseinclude - 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
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The calendar is to be published within a week or two from now. According to Shankar Bhandari, Acting Examination Controller at the TU Examination Controller Department, the new calendar is including students’ admission time, curriculum, exam routine, and details on the publication of results. This is being done to end the current delay in examinations and announcement of results. </div> <div> </div> <div> Likewise, according to the Examination Controller Office, the TU staff will be working from 9:30 am to 5:30 pm to announce results on time and their salary too will be increased accordingly. </div> <div> </div> <div> <strong>6th Malaysian Education Fair </strong></div> <div> Scholars’ Choice Pvt. Ltd. organised the 6th Malaysia Education Fair in Nepal Pragya Prathisthan, Kathmandu on July 26 and July 27. The two-day fair was organised with the help of the Malaysian Embassy in Nepal. Various Malaysian Universities participated in the fair which was supposed to be beneficial for students seeking information regarding necessary details for higher studies, educational environment and the educational policies in Malaysia. </div> <div> </div> <div> According to Scholar Choice Pvt. Ltd., it’s easy to take a degree from UK, Australia, America and other countries after studying in Malaysian universities. </div> <div> </div> <div> <strong>2nd White House Inter-College B-Fiesta </strong></div> <div> Himalayan White House College is organising its second ‘Inter College B-Fiesta 2013’. The fiesta is being held on August 16 and 17 in Trade Tower, Thapathali and is a competition among Bachelors and Masters Students of Management. According to Yubraj Ghimire, CEO of White House College, the fiesta is a medium to explore talent within management students. “Students will be awarded according to their skills and talent,” he says. There will be a Management Quiz, Arts and Fashion Show and other competitions regarding management. </div> <div> </div> <div> Meanwhile, the college is also organizing its (third) ‘Nationwide Science Exhibition-2013’. Organisers hope to motivate higher secondary students towards Science and Technology through this event. </div> <div> </div> <div> <strong>Uniformed Students in Parks and Cinema Halls Arrested </strong></div> <div> High school students found in cinema halls, shopping malls, restaurants, hotels, parks and other places for amusement are being arrested by the police. The Higher Secondary Schools Investigation Committee decided, in a meeting on Friday, to inform the District Administrative office to regulate the +2 code of conduct made by the government. According to committee member Suprabhat Bhandari, arrested students will be taken to the ward police station and will be handed to their parents later. According to the code of conduct, students found bunking classes, smoking and drinking in school uniform will be fined Rs 500 to Rs 5000 and can be restricted from giving board exams. </div> <div> </div> <div> <strong>Healthy Schools Seminar at Nirvana </strong></div> <div> Nirvana Wellness Centre organized a Healthy Schools Seminar on Child Health on 20th July with a view to raise awareness about Children’s Health. Representatives from various schools and New Parents were present in the event. The programme focused on different aspects of child health with a series of presentations and interactions from Child Health Experts. Programme was emphasized on the fact that a balanced diet and active lifestyle plays a key role in a child being healthy. With its motto, Health and Beyond, Nirvana Wellness Centre says to continue to organize healthy living seminars in the future for a Healthy Society.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 a new education calendar that features admission details and examination routine, the examination process in Tribhuwan University is to be improved.', 'sortorder' => '1379', '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' => '1517', 'article_category_id' => '156', 'title' => 'Killer Resume Tip - Highlight Potential Over Achievement', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong>--By Rachel Emma Silverman</strong></div> <div> </div> <div> It’s not what you have achieved, but what you might achieve. </div> <div> A new study by scholars at Stanford and Harvard found that in a wide variety of settings people get more excited about individuals with potential and promise than those with actual, proven performance — and are more willing to hire and pay more for these high-potential candidates. (We’ve noted here that many companies prefer to hire– and even pay a premium for– snazzy outsiders, rather than promote tried-and-true insiders, even though the latter often perform better. </div> <div> </div> <div> “If your résumé hints more at your potential, rather than your achievement, people are going to think you are a more exciting and more interesting candidate than otherwise,” says co-author Michael Norton, an associate professor at Harvard Business School. </div> <div> </div> <div> However, he adds, you need to have actual accomplishments to back up the claims of potential. “If you have no achievements that could be a problem,” he says. </div> <div> </div> <div> The researchers used eight experiments to come to their conclusion that potential (e.g., “this person could win an award for his work”) is more powerful than performance (e.g. “this person has won an award for his work”). </div> <div> </div> <div> In one study, 77 subjects evaluated two hypothetical applicants for a management job. One rated very highly on a test measuring leadership potential but more moderately on a test measuring actual leadership achievement. The other candidate rated highly on a test measuring leadership achievement, but more moderately on the test measuring potential. The subjects were more excited about the candidate with the thinner résumé of achievement, the researchers found. </div> <div> </div> <div> The researchers also had participants simulate managing an NBA team, evaluating players based on actual scoring stats for a five-year league veteran or on projected stats for an incoming rookie with five years of predicted outcomes. The subjects showed a clear preference for the untested rookie and were willing to pay some 20% more — which translated to $1 million more — than the proven veteran. </div> <div> </div> <div> In another study, the researchers ran two Facebook ads for a comedian. One touted his achievements (”Critics say he has become the next big thing”) while another offered his potential (“Critics say he could become the next big thing.”) The ad showing the comedian’s potential were more than twice as likely to be clicked and garner a “like” than the former. </div> <div> </div> <div> The researchers don’t know for sure why potential is seen as more appealing than performance, but one theory is that potential carries with it a sense of uncertainty — the candidate could achieve greatness or not. </div> <div> </div> <div> While experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit, says Dr Norton. He adds that with unknown candidates, people tend to focus on upside potential, and “not nearly as much on the downside risk.” </div> <div> </div> <div> How can these lessons be applied to your own workplace or job search? The study’s authors suggest emphasizing potential in résumés and job-recommendation letters-while also providing evidence to support that claim. “When endorsing individuals for jobs, promotions, or graduate school, then, it seems prudent to highlight their potential as a means of engaging recruiters,’ employers,’ and university admissions officers’ interest,” they write. </div> <div> </div> <div> Moreover, those making hiring decisions should be aware of these biases when evaluating candidates, so they don’t ignore candidates, especially well-known internal ones, with demonstrated expertise. When managers are too wowed by potential, “you can start to make decisions that aren’t in the best interest of the organization.” </div> <div> </div> <div> The findings have implications beyond hiring, too. For example, the authors suggest framing support of a teammate or project — say when angling for scarce company resources—in terms of potential rather than achievement as a way to make that support “more engaging and persuasive. </div> <div> </div> <div> The paper was published in the Journal of Personality and Social Psychology which was co-authored by Zakary Tormala and Jayson Jia of Stanford Graduate School of Business and Michael Norton of Harvard Business School.<span style="font-size:11px;"><em> (The Wall Street Journal)</em></span></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Experienced candidates present a detailed picture about what their performance limits are, for those with thinner résumés the sky is, potentially, the limit.', 'sortorder' => '1378', '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' => '1516', 'article_category_id' => '151', 'title' => 'E-clubs For Change', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <div> <div> <strong>--By Shruti Sonthalia</strong></div> <div> </div> <div> Access to computers and the internet has become a basic need for education in our society. Considering this fact, the Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement. Rotary International’s programs and opportunities lead to youth’s engagement on a large scale which lets young people interact and discover their interests in and potential for becoming responsible and engaged citizens. The following are its various groups that are committed to such activity. </div> <div> </div> <div> INTERACT is a service organization sponsored by Rotary clubs around Nepal for youth of 12 to 18 years. Fifty-five clubs with over 200 members are involved and each year the clubs complete at least two community service projects. Members learn the importance of developing leadership skills and personal integrity through demonstrating help and respect for others. They also understand the value of individual r e s p o n s i b i l i t y and hard work in advancing international understanding and goodwill. </div> <div> </div> <div> ROTARACT, another group designed for adults aged 18 years to 30 years is another organization that initiates efforts at the local level, with members addressing their communities’ physical and social needs. The 86 Rotaract clubs in Nepal keep its members’ days filled with reality, awareness and experience. </div> <div> </div> <div> ROTARY COMMUNITY CORPS (RCC) is a group of non-rotarians who work for their communities with the guidance and support of Rotary Clubs. RCC’s projects address issues such as health, literacy, safety, employment and the environment, encouraging a sense of service in non-rotarians so they can contribute with their share to society. </div> <div> </div> <div> ROTARY YOUTH EXCHANGE offers students aged 15 years to 19 years the chance to travel abroad for cultural exchange lasting one week to a full academic year. One can be an ambassador, teaching people about one’s own country, culture and ideas. This brings the world closer and one makes some good friends in the process. </div> <div> </div> <div> ROTARY YOUTH LEADERSHIP AWARDS (RYLA) are seminars sponsored by clubs and districts to recognize leadership abilities in young adults and adults aged 14 years to 30 years. </div> <div> </div> <div> The concept of e-clubs was introduced to meet the needs of these activities efficiently. The e-clubs are more flexible and accessible as they conduct weekly meetings on the club’s website. Rather than being physically present at an appointed day and time, members may attend meetings at any time and any day of the week. The objective of service as a basis of worthy enterprise is met well through e-clubs letting each participant make a difference in their own way.</div> </div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Rotary Club had introduced the concept of rotary e-clubs in 2004 which encourages the participation of youth through programs designed for civic engagement.', 'sortorder' => '1377', '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' => '1515', 'article_category_id' => '146', 'title' => 'Visual Edit Issue 24', 'sub_title' => '', 'summary' => null, 'content' => '', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Visual Edit', 'sortorder' => '1376', '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' => '1514', 'article_category_id' => '147', 'title' => 'B-School Rating Ranking', 'sub_title' => '', 'summary' => null, 'content' => '<p> <span style="font-size: 12px;">I would like to thank and congratulate the team of ‘New Business Age’ for doing such an appreciable endeavour. The team has begun initiation of a wonderful culture for awarding the B-Schools. It is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college. It has shown the students and parents that there are good colleges in the country itself for higher studies, thus, no need to go abroad spending extra money. I hope this new tradition continues.</span></p> <p> - Bipin Acharya, KUSOM</p>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 is encouraging and motivating to the Schools in one hand, while helping the students and parents too to choose the right college.', 'sortorder' => '1375', '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' => '1513', 'article_category_id' => '105', 'title' => 'Smart Tax Officer', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">One Officer to other in the Tax Office, Babarmahal. </span></div> <div> “What is the secret of achieving such a high target of 30% tax collection despite the gloomy business growth in your territory?” </div> <div> </div> <div> “Simple, I know that most people ignore the first and second notices sent by tax offices. So I directly send third legal notice to people through sms, letter and email. Business houses come running to pay the taxes with explanation that they missed the previous notices.</div> <div> -ML</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'One Officer to other in the Tax Office, Babarmahal.', 'sortorder' => '1374', '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' => '1512', 'article_category_id' => '144', 'title' => 'Hydro Resource ‘Curse’ To ‘Boon’', 'sub_title' => '', 'summary' => null, 'content' => '<div> <span style="font-size: 12px;">The term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes. </span></div> <div> </div> <div> Politicians and bureaucrats individually are interested in exacting rent while issuing license for the use of natural resources. The government too is happy from the royalty it can exact in this process. So, they all ignore the development of other sectors. The business community too diverts itself out of other business and concentrates on the game of getting license for one or other natural resource, and worse still, they involve in the selling these licenses at higher price than actually developing the projects. </div> <div> </div> <div> Resource curse context thus explains the ongoing problem in the development of hydropower. The country has been reeling under massive power outage problem in spite of availability of abundant water resources. </div> <div> </div> <div> Every economic sector has already started to suffer due to regular power outage problem. Heavy load shedding has increased cost of production of domestic industries that are already hit hard by several other problems including labour unrest and forceful donation drive of the political parties. </div> <div> </div> <div> The cost of power intensive industry has risen four times due to diesel or coal generated electricity cost, according industrialists. Private sector often says the country is fast losing its competitiveness due to rising production cost. Similarly, many other opportunities could have been opened if there was sufficient energy supply to run industries. </div> <div> </div> <div> The country has, however, a long way to go to completely tap the hydropower potential. Successive government has been failing to introduce stable and transparent policy in the hydropower regime. Similarly, the private sector and concerned parties are yet to put sincere effort for the growth of hydropower sector. </div> <div> </div> <div> The existing hydropower development models, laws as well as our mindset of both the government and some players of private sector are considered to be the major hurdles to tap hydropower potential. So, the government should review and make necessary changes in the existing models and laws. Some consensus to some handful projects is not a long term solution. If such strategy is to be resorted for a few projects, there must be a good reason. For example, it may be used as the initial big push required to jump start development of this sector. </div> <div> </div> <div> The government should be visionary and should take investors into confidence. As the investment in hydropower is for the long-term, the government should ensure policy and interest rate stability for decades, not for a few years, for such projects. </div> <div> </div> <div> Current bureaucracy, however, wants to create hurdles and just keep the existing problems to create space for corruption. </div> <div> </div> <div> The government should learn from past experiences in hydro sector and should put its effort to pave the way for big projects. Couple of big projects should be brought in the stream anyhow. Otherwise the country will further plunge into power crisis. </div> <div> </div> <div> The government should ensure policy stability to complete the so called ‘super six’ and other projects that are already licensed and in which the promoters are enthusiastic. Completion of a few hydro projects in speedy manner can accelerate economic activities in the country. The country will not lose much in the long run if it provides incentives to companies who want to take risk by investing in hydro sector at present. The government should take initiative for fast converting the natural resources into productive economic assets to convert ‘resource curse’ into ‘resource boon’. Otherwise, the ongoing anomalies associated with the ‘resource curse’ will continue.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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 term ‘resource curse’ describes Nepal’s current economic woes. ‘Resource Curse’ refers to the paradox that countries and regions with an abundance of natural resources tend to have less economic growth and worse development outcomes.', 'sortorder' => '1373', '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' => '1511', 'article_category_id' => '145', 'title' => 'The Next Social Contract', 'sub_title' => '', 'summary' => null, 'content' => '<div> <img alt="Kemal Derviş" src="/userfiles/images/Kemal%20Dervi%C5%9F.jpg" style="width: 100px; height: 112px; margin: 5px;" /></div> <div> <strong>By Kemal Derviş</strong></div> <div> </div> <div> Around the world nowadays, persistent unemployment, skill mismatches, and retirement frameworks have become central to fiscal policy – and to the often-fierce political debates that surround it. The advanced countries are facing an immediate “aging” problem, but most of the emerging economies are also in the midst of a demographic transition that will result in an age structure similar to that of the advanced economies – that is, an inverted pyramid – in just two or three decades. Indeed, China will get there much sooner. </div> <div> </div> <div> Multiple problems affect employment. Weak demand in the aftermath of the global financial crisis that began in 2008 remains a key factor in Europe, the United States, and Japan. But longer-term structural issues are weighing down labor markets as well. </div> <div> </div> <div> Most important, globalization results in a continuous shift of comparative advantage, creating serious adjustment problems as employment created in new activities does not necessarily compensate for the loss of jobs in old ones. In any case, most new jobs require different skills, implying that workers losing their jobs in dying industries have little hope of finding another one. </div> <div> </div> <div> Moreover, technological progress is becoming ever more “labor-saving,” with computers and robots replacing human workers in settings ranging from supermarkets to automobile assembly lines. Given the volatile macroeconomic outlook, many firms are reluctant to hire new workers, leading to high youth unemployment throughout the world. </div> <div> </div> <div> At the same time, aging – and the associated cost of health care for the elderly – constitutes the main fiscal challenge in maturing societies. By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed. </div> <div> </div> <div> Marginal changes to existing arrangements are unlikely to be sufficient to respond to technological forces, reduce social tensions and young people’s fears, or address growing fiscal burdens. A radical reassessment of work, skill formation, retirement, and leisure is needed, with several principles forming the core of any comprehensive reform. </div> <div> </div> <div> For starters, skill formation and development must become a life-long process, starting with formal schooling, but continuing through on-the-job training and intervals of full-time education at different points in life. Special youth insertion programs should become a normal part of public support for employment and career formation, with exemption from social-security contributions for the first one or two years of employment. </div> <div> </div> <div> A second principle is that retirement should be a gradual process. People could work an average of 1,800-2,000 hours per year until they reach their 50’s, taper off to 1,300-1,500 hours in their early 60’s, and move toward the 500-1,000 range as they approach 70. A hospital nurse, an airplane crew member, or a secondary-school teacher, for example, could work five days a week until her late fifties, four days a week until age 62, three days until age 65, and perhaps two days until age 70. </div> <div> </div> <div> Employers and workers should negotiate such flexibility, but they should do so with incentives and financial support from government – for example, variable social-security and income taxes. Paid holidays can be 3-4 weeks until age 45, gradually increasing to 7-8 weeks in one’s late 60’s. Maternity and paternity leave should be increased where it is low, such as in the United States. </div> <div> </div> <div> Public policies should also encourage greater scope for individual choice. For example, every ten years, a worker should be able to engage in a year of formal learning, with one-third of the cost paid by the employer, one-third by public funds, and one-third by personal savings (these proportions could vary by income bracket). </div> <div> </div> <div> The overall objective should be a society in which, health permitting, citizens work and pay taxes until close to the age of 70, but less intensively with advancing age and in a flexible manner that reflects individual circumstances. In fact, gradual and flexible retirement would in many cases benefit not only employers and governments, but also workers themselves, because continued occupational engagement is often a source of personal satisfaction and emotionally enriching social interaction. </div> <div> </div> <div> Using the Gallup World Poll, my colleagues at the Brookings Institution in Washington, DC, Carol Graham and Milena Nikolova, have found that the happiest cohorts are those who work part-time voluntarily. In exchange for longer work lives, citizens would have more time for both leisure and skill formation throughout their lives, with positive effects on productivity and life satisfaction. </div> <div> </div> <div> The new social contract for the first half of the twenty-first century must be one that combines fiscal realism, significant room for individual preferences, and strong social solidarity and protection against shocks stemming from personal circumstances or a volatile economy. Many countries are taking steps in this direction. They are too timid. We need a comprehensive and revolutionary reframing of education, work, retirement, and leisure time. </div> <div> </div> <div> <em>(Kemal Derviş, former Minister of Economic Affairs of Turkey and former Administrator for the United Nations Development Program (UNDP), is Vice President of the Brookings Institution.) </em></div> <div> <em> Copyright: Project Syndicate, 2013.</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'By the middle of this century, life expectancy at age 60 will have risen by about ten years relative to the post-World War II period, when current retirement ages were fixed.', 'sortorder' => '1372', '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' => '1510', 'article_category_id' => '141', 'title' => 'Nepal Political News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Communist Party Founder Karmacharya Passes Away </strong></div> <div> <img alt="Nar Bahadur Karmacharya" src="/userfiles/images/karmacharya.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 113px;" />One of the founding members of Communist Party of Nepal (CPN), Nar Bahadur Karmacharya, died Wednesday at the age of 90 while undergoing treatment at the Kathmandu Model Hospital. He was suffering from lung cancer. Karmacharya, along with Pushpalal Shrestha, Niranjan Govinda Baidya, Motidevi Shrestha and Narayan Bilash Joshi had established the party in Kolkata on April 22, 1949. </div> <div> </div> <div> He was the only living member among the 5 founders of the party. Though Karmacharya had distanced himself from active politics due to factional communist politics, he joined the CPN (Maoist) party after it came into the mainstream after abandoning the armed insurgency. He was a member of the Central Advisory Committee of the UCPN (Maoist) during the last days of his life. </div> <div> </div> <div> </div> <div> <strong>NC’s ToT for Cadres Kicks Off </strong></div> <div> Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday. The training was inaugurated by the party president Sushil Koirala at party office Sanepa. </div> <div> </div> <div> Nearly 300 leaders - two from each district and other from the sister wings-are participating the training that will conclude on Monday. The trainers prepared from the ToT will be deputed to all constituencies to train the NC cadres. </div> <div> </div> <div> The training will focus on NC’s stance on various contemporary issues, theoretical and practical differences between NC and other parties, strategy for the election, content of the new constitution, among others. </div> <div> </div> <div> </div> <div> <strong>Ex-king Barred to Distribute Relief </strong></div> <div> The government barred the ex-king Gyanendra Shah from distributing the relief packages to the flood victims of the far-western region last Friday. Government has cited the Election Code of Conduct for stopping the deposed royal family from distributing the relief packages. Ex-King Gyanendra, former queen Komal and Former Crown Princess Himani had reached Tikapur to distribute the relief packages on behalf of Himani Trust. The meeting of the Kailali Disaster Rescue Committee held on Thursday had directed the trust to not distribute the relief materials. After the Committee issued the written directives, the trust handed the relief packages to Nepal Red Cross Society and the Committee. </div> <div> </div> <div> </div> <div> <strong>Big Three Reiterates Readiness <span style="font-size: 12px;">to Address Dissident’s Demands </span></strong></div> <div> The major three political parties- UCPN (Maoist), Nepali Congress (NC), CPN (UML)- have vowed to address almost all demands raised by the dissident CPN-Maoist if latter agrees to go for the Constituent Assembly polls. </div> <div> </div> <div> Speaking at a program in capital on Thursday organized by PAPAD, NC President Sushil Koirala urged the CPN-Maoist not to avoid the election. He claimed the current government was a result of political circumstances rather than the interest of the political parties. </div> <div> </div> <div> Also in the program, UCPN (Maoist) chairperson Pushpa Kamal Dahal said the election was needed to make the people sovereign. “CPN-Maoist should come to the election board and we are ready to change the structure of government, call Round Table Conference and increase the number of seats of proportional representation,” he said. </div> <div> </div> <div> Likewise, UML Chairperson Jhalanath Khanal also underlined the need of dialogue to resolve the disputes.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'Nepali Congress is holding the training of trainers (ToT) for the local leaders and representatives of its sister-wings from Saturday.', 'sortorder' => '1371', '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' => '1509', 'article_category_id' => '142', 'title' => 'Poll Update (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Govt Extends CDC Deadline </strong></div> <div> The government has extended the deadline of the Constituency Delineation Commission for another 10 days. The Interim Election Council, after a meeting on Thursday, took the decision to extend the deadline upon the request of the CDC, informed spokesperson and Minister of Information and Communication Madhav Prashad Poudel. </div> <div> </div> <div> The government had formed the commission under the coordination of former Supreme Court Justice Tahir Ali Ansari on June 14. The High Level Political Committee had formed an eight-member committee earlier to resolve constitutional and political difficulties pertaining to the delimitation of constituencies. The committee, however, failed to find an amicable solution to the problems. </div> <div> </div> <div> <p> <strong style="font-size: 12px;">CPN-Maoist Launches Campaign Against Polls </strong></p> </div> <div> The dissident party CPN-Maoist has launched its campaign to foil the November polls. Its leader Ram Bahadur Thapa ‘Badal’ smashed a mock ballot box with a hammer amid a protest program held by the party in the Capital on Thursday as a symbolic protest to disrupt the election scheduled for November 19. </div> <div> </div> <div> Earlier, the party had held a press conference at its office in Buddhanagar to announce the campaign against the election. During the conference, however, party chairperson Mohan Baidya said that his party was ready for ‘unconditional dialogue’.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', 'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal', 'description' => 'The government has extended the deadline of the Constituency Delineation Commission for another 10 days.', 'sortorder' => '1370', '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' => '1508', 'article_category_id' => '143', 'title' => 'Unfounded Fears Over Monarchy’s Revival', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div> <div> </div> <div> While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country. </div> <div> </div> <div> Former Prime Minister Dr Bhattarai made such remarks at a time while a voice, albeit subtle, is emanating in favour of the deposed monarchy from a section of the political quarter. </div> <div> </div> <div> A leader of the Nepali Congress, speaking with BBC Nepali News Service, questioned the legitimacy of overthrowing the monarchy, and recently, Dr Bhattarai’s one-time communist compatriot Mohan Baidya also hinted towards the possibility of collaboration with the dethroned King on the issue of nationalism. </div> <div> </div> <div> The remark by a former Prime Minister to jail the ex-king obviously begs a question: Why should an ex-king, innocent of crime and rendered to the status of a citizen, be thrown behind bars when one of Bhattarai’s own party leaders, charged with murder by the apex court, is roaming scot-free? Apparently, it was Dr Bhattarai himself, while Prime Minister, who recommended the President to grant amnesty for a leader charged with murder. </div> <div> </div> <div> Should it be considered a crime in democracy when an ex-king attempts to woo flood victims by providing humanitarian assistance? Or, does he deserve prosecution just because he exercised his constitutional right of mobility by embarking on a trip to the far-west as a citizen of Nepal? </div> <div> </div> <div> It was easy for political leaders to pass the buck to the King while monarchy was at helm. But with monarchy all gone, the leaders have failed miserably to live up to people’s expectations. This is gradually leading to frustration, resentment and detestation among the public towards the current political dispensation. While this is not a good sign for Nepal’s nascent republic democracy, leaders should find solutions in correcting their course instead of mudslinging the erstwhile monarchy. </div> <div> </div> <div> There is no way a dead monarchy will make a comeback. Fear over the deposed monarchy’s revival is simply unfounded; the fear-mongering is an attempt to conceal one’s own incompetency and deflect public criticisms for wrongdoings. </div> <div> </div> <div> Reinstating the monarchy, no doubt, would be a regressive move. Feeble voices from a political section - particularly from the CPN (Maoist) party and a few leaders of the Nepali Congress in favour of the abolished monarchy - will either dissipate or be discarded by the people. </div> <div> </div> <div> The hue and cry over a small philanthropic move of a constitutionally powerless king reflects nothing but the defeated psyche of the UCPN (Maoist) leader. Obviously, people, who have fought for a long time for establishing a republic with multiparty democracy, would not look for monarchy as an alternative system. However, that does not necessarily mean people would stick to the same bunch of leaders who have failed to address their aspirations even after half a decade of regime change. </div> <div> </div> <div> In democracy, there should not be any room for negation, and never the politics of violence and coercion. The deposed king should be subjected to free trial if he commits any unlawful activity, but he should not be hounded time and again out of vengeance. </div> <div> </div> <div> The time is ripe for party leaders to introspect on their deeds on why they could not institutionalise a federal democratic republic and failed to win the hearts of the people. The sooner they realize it, the better.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'While talking to journalists on Tuesday, UCPN (Maoist) Leader and former Prime Minister Dr Baburam Bhattarai said that he would have thrown the former King Gyanendra Shah behind the bars if he was the Prime Minister of the country.', 'sortorder' => '1369', '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' => '1507', 'article_category_id' => '140', 'title' => 'Shakti Samuha Bags Magsaysay Award', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking. </div> <div> </div> <div> The Manila-based Ramon Magsaysay Award Foundation in its press release has said that the award was provided to the Shakti Samuha as a recognition for “transforming their lives in service to other human trafficking survivors, their passionate dedication towards rooting out a pernicious social evil in Nepal and the radiant example they have been in reclaiming human dignity that is the birthright of all women and children.” </div> <div> </div> <div> Established in 1957, the Ramon Magsaysay Award is Asia’s highest honour and is widely regarded as the region’s equivalent of the Nobel Prize. It celebrates the memory and leadership of the third Filipino president, and is given every year to individuals or organisations in Asia who manifest the same sense of selfless service. </div> <div> </div> <div> The award will be conferred on August 31 to the Shakti Samuha, along with three other individuals and two organisations from Afghanistan, Indonesia, Myanmar and the Philippines, amid a function in Manila. </div> <div> </div> <div> Four Nepalis - Mahesh Chandra Regmi (1977), Bharat Dutta Koirala (2002), Dr Sanduk Ruit (2006) and Mahabir Pun (2007) - have already been felicitated with this award.</div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'Shakti Samuha has bagged the prestigious Ramon Magsaysay Award 2013. Shakti Samuha is a non-governmental organisation formed and run by survivors of human trafficking.', 'sortorder' => '1368', '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' => '1506', 'article_category_id' => '140', 'title' => 'Former PM Nepal Meets Congress (I) President Sonia, Indian PM Dr Singh', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> <strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div> <div> </div> <div> President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai. </div> <div> </div> <div> At a meeting with senior leader Madhav Kumar Nepal of the CPN (UML) at 7, Race Course in New Delhi on Wednesday, Gandhi said such unity would also steer Nepal towards a peaceful, democratic and prosperous future. </div> <div> </div> <div> Leader Nepal also apprised Gandhi about the consensus among parties to hold the CA polls in order to institutionalise the achievements of the Peoples’ Movement of 2006. Chief of Foreign Affairs of Congress (I) Dr Karan Singh, UML General Secretary Ishwor Pokhrel, and Nepal’s foreign affairs aide Bhattarai were also present in the meeting. Former PM Nepal also expressed his grief over recent casualties caused by flood in the state of Uttarakhand. </div> <div> </div> <div> Likewise, Nepal had also met Indian Prime Minister Dr Manmohan Singh and Indian Foreign Secretary Ranjan Mathai, among other leaders during his trip. </div> <div> </div> <div> Earlier, Congress President Gandhi had met with Nepali Congress senior leader Sher Bahadur Deuba in June. However, citing her busy schedule, Gandhi did not meet UCPN (Maoist) Chairperson Pushpa Kamal Dahal while he was at India in April.</div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '0000-00-00', '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' => 'President of Indian National Congress Sonia Gandhi has underlined the need for unity among democratic forces to end Nepal’s transitional period as soon as possible through CA elections, according to Nepal’s Foreign Affairs Aide Rajan Kumar Bhattarai.', 'sortorder' => '1367', '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' => '1505', 'article_category_id' => '139', 'title' => 'Nepal And The World News In Brief (29 July - 4 August 2013)', 'sub_title' => '', 'summary' => null, 'content' => '<div> <strong>Rupee Hits 5-Week High </strong></div> <div> <img alt="Rupee Hits 5-Week High" src="/userfiles/images/rupee.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 75px;" />The rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success. The rupee ended a tad higher at 59.04 against the dollar after banks and exporters sold the American currency as it weakened overseas. <em>(The Economic Times)</em></div> <div> </div> <div> </div> <div> <strong>Gold Posts 3 Percent Weekly Gain </strong></div> <div> <img alt="Gold Posts 3 Percent Weekly Gain " src="/userfiles/images/gold%20posts.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 71px;" />Gold was flat on Friday after a late rally erased initial losses and bullion ended the week nearly 3 percent higher as wariness over the U.S. Federal Reserve’s message at next week’s monetary policy meeting pushed the dollar down. Spot gold closed down 0.2 percent to $1,333.30 per ounce and US gold futures for August delivery settled down at $7.30 at $1,321.50 an ounce. <em>(Agency) </em></div> <div> </div> <div> </div> <div> <strong>Royal Baby Betting Exceeds £1M </strong></div> <div> <img alt="Royal Baby Betting Exceeds £1M " src="/userfiles/images/royal%20baby.jpg" style="float: right; margin: 0px 0px 0px 10px; width: 90px; height: 98px;" />The birth of the royal baby has sparked a gambling frenzy, and the action has spiked since the Duchess of Cambridge went into labor last Monday. British bookmakers were reporting a huge surge in royalty-related bets, taking in over £1.2 million from people around the world who are wagering on everything from the royal baby’s name to his future career. <em>(CNN) </em></div> <div> </div> <div> </div> <div> </div> <div> <strong>China Orders Audit of Government Debt </strong></div> <div> China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world’s second-largest economy. “In line with a demand by the State Council in recent days, the National Audit Office will organise auditing agencies nationwide to carry out an audit of government debt,” the office said in a one-sentence statement on its website.<em> (Agency) </em></div> <div> </div> <div> </div> <div> <strong>Strauss-Kahn to Face Pimping Trial </strong></div> <div> <img alt="Strauss-Kahn to Face Pimping Trial" src="/userfiles/images/skahn.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 79px;" />Former IMF chief Dominique Strauss- Kahn is to face trial on pimping charges, French prosecutors say. Investigating magistrates have decided he should be tried in connection with an alleged prostitution ring at a hotel in Lille.The former presidential hopeful has admitted attending sex parties there, but says he did not know that some of the women were paid prostitutes. The case is the last of the sex-related allegations faced by Mr Strauss-Kahn. <em>(BBC)</em></div> <div> </div>', 'published' => true, 'created' => '2013-07-29', 'modified' => '2013-07-29', '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 rupee rose to a five-week high last Friday as the Reserve Bank of India’s aggressive monetary tightening to defend the currency showed some signs of success.', 'sortorder' => '1366', '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 = falsesimplexml_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
| 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)
| 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
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
