‘We Are Facing High Dependency Of Communities Over Our Organisation’

Nov 30, -0001 0 4 minutes 9 seconds to read

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India To Be World’s 3rd Largest Auto Market By 2016

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‘We Are Receptive To Private Sector’s Suggestions For PDA’

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VOITH: A Tale Of Struggle, Conviction And Patience

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Corptoon Issue 24

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Nepal-India Trade Fair In December

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3rd Money Expo In October

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Additional 46 MW From The Private Sector

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Budget Deficit Figure Shows Economy In The Red

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Business Briefs (22-28 July 2013)

Nov 30, -0001 0 2 minutes 59 seconds to read

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< previous127912801281128212831284128512861287next >

No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'title' => '‘We Are Facing High Dependency Of Communities Over Our Organisation’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Good Neighbours International is a South Korea based international humanitarian and development organisation. <strong>Devi Ram Bhat</strong>, the Operation Manager of Good Neighbours International Nepal spoke to <strong>Sweta Sharma</strong> of The Corporate weekly, sharing the organisation&rsquo;s plans, projects and success thus far. <strong>Excerpts:&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	<strong><img alt="" src="/userfiles/images/Devi%20Ram%20Bhat%2C.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 239px;" />What is the biggest achievement of your organisation so far in Nepal?&nbsp;</strong></div>
<div>
	Good Neighbours has been working in Nepal for 11 years and has been successful in providing education to 23,000 children in this period. This is what we measure as our best achievement till date. Also, several families have been successful in generating income on their own with the help of the training we provide. Fourteen hundred children have been included in piloting for health insurance. We have also spent more than 50 percent of our funds in providing education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What are the main community development projects supported by Good Neighbours International in Nepal?&nbsp;</strong></div>
<div>
	In 2009, we started Community Development Projects (CDP) with the motive to support child education, public health and income generation for a number of communities. We now have 18 projects in 11 districts. The projects include support for education, child protection programs, health care services and vocational training classes to help residents increase their income.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Apart from projects that are being operated, what new projects are in line for Nepal?&nbsp;</strong></div>
<div>
	We have already completed our feasibility study in Gorkha and Kaski districts to start our projects. Apart from this, we have no new projects in line. If we are to start any, it will only be after 2015 because we cannot start new projects without the permission of the Social Welfare Association of Nepal (SWAN).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What operational challenges are you facing to run projects in Nepal?&nbsp;</strong></div>
<div>
	There have been challenges but we considered them as opportunities. The main one was to overcome geographical hurdles as it was the main hindrance for the implementation of our projects. We are also facing high dependency of communities over our organisation. They might mistake our support as being lifelong, which can increase their dependency. But we are providing communities with vocational training to reduce their dependency. Similarly, schools that we support for children&rsquo;s education are holding high expectations from us. Political instability too cannot be missed in the list of challenges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the main source of your funding? What is your annual total investment in Nepal?&nbsp;</strong></div>
<div>
	Our main donor is South Korea where we have our headquarter. Japan and USA are also supporting our organisation to some extent. We get support through sponsorship programs and not directly from any company. We have negotiated with the Nepali government for an annual investment of Rs 29.62 million. In 2012, our total annual investment was Rs 23.41 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How beneficial have cookstoves projects been for Nepal?&nbsp;</strong></div>
<div>
	We have not initiated cookstoves projects in Nepal as yet. Some volunteers from our organisation have done some research about cookstoves. This project is carried out in Cambodia. We don&rsquo;t have any plans to start such projects in Nepal right now.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that the service you provide to a community is actually useful to them?&nbsp;</strong></div>
<div>
	As I already mentioned, we have 18 projects which have their own offices in different districts. Every project has 10-35 staff persons and we provide services through those offices. So we are quite sure of our service being served to the community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the response from the government so far? Is the government helpful in Good Neighbours&rsquo; initiatives?&nbsp;</strong></div>
<div>
	Every governmental and non-governmental organisation is supposed to work under the government&rsquo;s territory. So in this regard, we are thankful to the government for letting our organisation provide service to communities in Nepal. We have a very good negotiation with the government regarding our projects and services to communities here. Overall, we are positive towards the government and vice versa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that benefits from the projects you implement continue even after the project comes to an end?&nbsp;</strong></div>
<div>
	We are planning to establish one CDP and one Cooperative in every district we cover. This has already been implemented for some projects. We developed this plan with the motive to provide support to communities through cooperatives even after the project ends.</div>
<div>
	&nbsp;</div>',
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			'content' => '<div>
	&nbsp;</div>
<div>
	India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil, riding on its domestic automotive sales, according to IHS Automotive, a global market information provider. Although the economic growth vulnerability and lower sentiment resulted in market slowdown in 2012 and 2013, India is expected to regain strong growth trend from 2014 onwards, said the Colorado-based firm.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We expect that by 2016, vehicle sales would surpass Brazil, Germany and Japan making India the third largest market,&rdquo; IHS Senior Principal Economist Charles Chesbrough said here.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2012, China, the US and Japan were the top three global automotive markets and India was ranked six after Brazil and Germany in the fourth and fifth positions respectively. Sounding bullish on the Indian market in the mid to long term, IHS said: &ldquo;Investment reform policy will induce better environment for domestic and foreign enterprises. India light vehicle production (is) expected to reach 7 million by 2020.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The implications for auto demand are huge in India and the country has been moving along the penetration path, it said. &ldquo;With demand for vehicles declining in most mature markets in the face of the global recession, high fuel costs and urban driving restrictions, the industry is turning its attention more strongly towards the expanding middle classes in the new powerhouse of China, India, Brazil, Russia and other growing nations,&rdquo; Chesbrough said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growth of automobile sales will not be restricted only to mass market vehicles, IHS said. &ldquo;The favorable Indian market conditions are acting as a catalyst for luxury and premium carmakers, which are receiving impetus from new launches. The top-end carmakers have posted double-digit growth for the quarter ended June 30, 2013,&rdquo; IHS Director James Chao said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to IHS, in terms of production volume, India would move to fourth position in 2020 ahead of Germany and Brazil from its currently sixth spot. IHS said as India develops, its citizens acquire wealth, demand for automobiles will increase as the need of personal transportation rises. &ldquo;It may take a little longer in India because they do not have the infrastructure...but we know about the personal behaviour as people gain wealth, they want freedom, ability to go where they want to go and when they want to go,&rdquo; Chesbrough said. <em>(The Economic Times)</em></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					&nbsp;More Vehicles, Less Roads&nbsp;</h1>
				<div>
					Nepali auto market has expanded at rapid pace in the recent years. The construction of roads and other related infrastructures have contributed to the rise of vehicles sales. According to Economic Survey published by Nepal government last week, on an average, 61 vehicles are sharing one kilometer of road around the country. The total number of registered vehicles has reached 1.5 million by the end of fiscal year 2069/70. The survey reports that vehicle import has increased by 40 per cent annually. More than 142,000 vehicles were sold in FY 2069/70 compared as to 101,000 in previous FY. Increase in remittance, raised income of middle class families and road expansion activities are seen as the key driving factors for increased vehicle sales.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					However, the low availability of roads is seen as major problematic factor. Particularly, with the increase of vehicle sales, Kathmandu valley and other major cities are facing huge traffic congestions on a daily basis. The total length of road around the country reached 24,583 kms by the end of last FY which is very less compared to the number of registered vehicles. The sluggishness in road construction and expansion is also seen as another factor hindering the vehicle sales. The official data has showed that 518 km road was constructed in eight months of last FY which is about 58 per cent less compared to FY 2068/69. According to Tulsi Prasad Sitaula, Secretary at Ministry of Physical Infrastructure and Transport, the roads are constructed only with government investments, which has not brought the expected speed of infrastructure development. &lsquo;Private sector is pouring its investment only in importing vehicles but the roads constructions are not carried out to equalize the investment,&rsquo; he said.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'title' => '‘We Are Receptive To Private Sector’s Suggestions For PDA’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Ministry of Energy (MoE) is in the process of finalising the Project Development Agreement (PDA) for power projects. The Corporate weekly&rsquo;s <strong>Janardan Baral</strong> and <strong>Bishnu Belbase</strong> spoke to <strong>Bishwa Prakash Pandit</strong>, Secretary at the MoE about the issues of draft PDA, Power Purchase Price and power transmission lines. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Bishwa Prakash Pandit, Secretary, Ministry of Energy" src="/userfiles/images/Bishwa%20Prakash%20Pandit.jpg" style="width: 175px; height: 181px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Bishwa Prakash Pandit</strong></div>
				<div>
					Secretary</div>
				<div>
					Ministry of Energy</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<strong>The Ministry of Energy (MoE) is about to finalise the template for Power Development Agreement (PDA). What are the major provisions?&nbsp;</strong></div>
<div>
	The Electricity Act of 2049 still exists and foreign and local investors develop the projects remaining within the parameters set in that Act. The PDA is being practiced in recent years throughout the world to increase the security of investment. Private sector entrepreneurs in Nepal too want PDA system. Frequent changes in policies and tax rates have increased the cost in hydro power development and there are risks posed by natural settings as well. The PDA template will include the issue of how such risks are to be shared. We have included this under &lsquo;force majeure&rsquo;. Similarly, the issue of quality and security are also addressed in the PDA template. As the project is eventually to be transferred to the government, the quality issue is important. The social responsibility of the developer is also necessary to be included. The process of handing over the project to the government and disputes settlement mechanisms are also being included.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>To what extent are the private sector&rsquo;s suggestions going to be included in the PDA template?&nbsp;</strong></div>
<div>
	The private sector&rsquo;s suggestions are largely included in the template. The PDA will balance the profit interest of the private sector with the national interests.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>It is said that the PDA drafted by the MoE is not bankable. Why did not the MoE take care about making the PDA bankable?&nbsp;</strong></div>
<div>
	We do understand that the PDA should be bankable. In case the current template is not bankable then we want suggestions from the private sector to make it so. We are preparing the PDA template to make it private sector friendly and have been receptive to the private sector&rsquo;s suggestions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Most of the power projects developed by the government suffer time and cost overrun. Why?&nbsp;</strong></div>
<div>
	Nepal is still in the process of drafting the constitution. Political instability has continued in Nepal for quite long. And is the main cause of time overrun in projects. Similarly, frequent change in government brings change in the leadership of the power projects programmes. Also the practice of starting a project without enough funds arranged is to blame for this. Similarly, there is the challenge of getting the support from local communities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Independent Power Producers&rsquo; Association of Nepal (IPPAN) has urged for change in the Power Purchase rates. How is it possible to consider their demand when the only buyer Nepal Electricity Authority (NEA) is in perpetual loss?&nbsp;</strong></div>
<div>
	It is said that the reason behind NEA&rsquo;s loss is the low electricity tariff. The government has a policy to revise the tariff as required by the time. NEA has thus formed a committee to prepare a model power purchase agreement so as to accommodate the view that the power price should be based on generation cost. The committee is considering also the view that a certain Internal Rate of Return should be assured to the developers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Why is the delay in inking PPA with the &lsquo;super-six&rsquo; hydropower projects?&nbsp;</strong></div>
<div>
	The government has entrusted the super-six hydropower projects to private power producers selected through a bidding process. But the government is not able to fulfill its commitment regarding these projects. However, the MoE is determined to fulfill those commitments. The problem of these projects is lack of transmission lines. Current FY budget has allocated funds for development of these transmission lines. But this budget allocation alone is not enough to hope that there will be transmission lines. I believe that there has been a great mistake of granting license for the super-six projects before the development of transmission lines. We collected money from the private sector but could not prepare the transmission lines on time. Therefore, the private sector is suffering a lot in this regard. Thus, I commit to create situation for these super-six projects to start construction as soon as possible.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Private sector power producers have been asking for PPA in US dollars and NEA is refusing it. This discourages foreign investment. Is it possible to develop hydropower only from domestic investment?&nbsp;</strong></div>
<div>
	PPA in US dollar will not make any difference if the generated electricity is exported. Nepal&rsquo;s currency is not strong enough and costs have increased by signing PPA for Khimti and Bhote Koshi projects in US dollars. This experience is the reason why NEA is hesitating from PPA in US dollars. The MoE, however, has formed a committee to work for agreements in US dollars.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>FY 2013\14 budget has allocated Rs 13 billion for the hydropower and energy sector, focusing on development of transmission lines. Will the transmission line problem be solved now?&nbsp;</strong></div>
<div>
	It is necessary to have a sufficient budget for transmission lines. Foreign grants are included in the budget for the development of transmission lines. But for land acquisition, which is one of the major problems for the transmission lines, the government itself should allocate a budget from its own resources. This is lacking in the budget. We are currently in dialogue with the Ministry of Finance to solve this problem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>The budget did not address the demand of the private developers for a waiver of VAT on construction materials used by power projects and other demands of the private sector. Why is this so?&nbsp;</strong></div>
<div>
	We are in the discussion about such demands from the private sector. A conclusion is yet to be arrived at on this. So it was not included in the budget. We are, however, determined to encourage the private investors.&nbsp;</div>
<div>
	&nbsp;</div>',
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			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Ritu Singh Vaidya, Managing Director , United Traders Syndicate Pvt Ltd" src="/userfiles/images/ritusingh.jpg" style="width: 175px; height: 193px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Ritu Singh Vaidya</strong></div>
				<div>
					Managing Director</div>
				<div>
					United Traders Syndicate Pvt Ltd</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people. The group started as United Trade Syndicate, a company that imports automobiles, has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Inception&nbsp;</strong></div>
<div>
	VOITH was established in Kathmandu 40 years ago by an enterprising young man, late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya was initially involved in the political movement of Nepal to overthrow the Rana oligarchy and also worked for 11 years in different institutions including USAID and Ministry for Foreign Affairs until he realized that nothing would interest him except working under his own leadership and self vision.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya gave up everything just to initiate his own business. With just $700 in his pocket, he ventured into the business journey to Japan on December 18, 1967. After continuous and regular meetings with the officials of Toyota Company in Japan, who were initially skeptical about his ability, eventually signed an agreement with the company on selling their vehicles in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Upon his arrival, Vaidya established United Traders Syndicate (UTS) Pvt Ltd and sold 97 vehicles, 91 more than the targets set by the Toyota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After four-decades, Toyota, which was introduced to the customers by the UTS for the first time in Nepal, is still one of the dominant brands in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Started from the UTS dealing automobiles, the VOITH has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Behind the meteoric rise of the organization as one of the largest business house, there are the tales of struggle, conviction, hard-work and patience of the organization&rsquo;s founder late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Setting the priorities&nbsp;</strong></div>
<div>
	The organisation accords its priority to industries that contribute greatly to the social upliftment of the Nepali people. Hence, labor-intensive, agro-based industries are VOITH&rsquo;s priorities. And, as it said, it is convinced that such undertakings help raise the living standard of Nepal&rsquo;s poorest people, the bulk of whom are farmers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has been continuously serving the people for past four decades. Since its inception, the organization is putting the farmers at its center of focus. It strives to bring joy and success into the community of the common farmers through professional development and modernization of the agricultural sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Now, the president of the VOITH President Suraj Vaidya is upholding the legacy of Vaidya group created by his late father Dr Vijay G. Vaidya. Suraj, President of the VOITH, is also leading the umbrella organisation of the business community - Federation of Nepalese Chamber of Commerce and Industries- as its president.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Caring the Nature&nbsp;</strong></div>
<div>
	For many, doing business is all about gaining immediate profits from their investment and deposit the cash in their bank accounts even at the expense of human health or irrespective of the adverse impact it makes on the environment or natural heritages.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, VOITH claims that it has abided by the concept and principle of green environment in the field of industrial and business development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This company has refrained itself from entering into any production that causes harm to human health or adversely challenges the natural heritage.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Management Mantra&nbsp;</strong></div>
<div>
	Vision, commitment, courage, perseverance and hard work are the key mantras for the staffs working in VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Board of Directors sets the overall policy and management guidance for each of the divisions - Trading and Services, Industry, Construction - of VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The VOITH is one of the largest business groups in Nepal and provides employment opportunities to more than 7,000 people, and prides itself in its staff that represents some of the best managerial talent in the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Each division is led by an Executive Director. Regular staff meetings are held that ensures total managerial involvement in the day-to-day operation of VOITH as well as its future planning needs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Corporate Social Responsibilities&nbsp;</strong></div>
<div>
	Though it has made its slogan &ldquo;Little Things We Do&rdquo;, the philanthropy and social services of the VOITH are beyond the merely fulfilling its bit of Corporate Social Responsibility (CSR).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The list of the services that the company has done goes long. To mention few: it provides scholarships to the needy and underprivileged students for the scholarship; builds school buildings, temples; supports sportsperson; involves itself in cleaning campaign as well as renovating and preserving cultural heritages, among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has organized Toyota Women&rsquo;s Motor Rally and the money that was raised was given to a primary school at Hile, Dhankuta in eastern Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Since 2006, VOITH has begun awarding a Toyota car to the most outstanding football player of the year. Likewise, VOITH set up a revolving fund of Rs. 400,000 to organize the tournaments and made available additional funds to manage them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It had donated an Ambulance to the Avyudaya Multipurpose Cooperative at Kalyanpur, Chitwan. It has been providing financial help to dozens of schools across the country. In Chitwan, it has constructed a Reading Room besides providing books and magazines. It has made available Rs. 1 million to Mothers&rsquo; groups to create awareness and expand literacy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Kathmandu, it has built numerous waiting stands at the bus stops for the comfort of passengers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Venturing Next&nbsp;</strong></div>
<div>
	As part of its regular and new launches, VOITH is all set to launch a new model of Toyota car at the end of the August. According to Sahara KC, Marketing Manager at VOITH, Toyota Etios will roll out in the street. This car would cost Rs 3.44 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	KC says those who want to exchange their vehicle with the Toyota Etios will have that opportunity during the launch where bank, insurance and validity counter will also be available.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, Vijaya Academy of Health and Science is scheduled to begin four-year Bachelor degree in affiliation with universities from Australia and Philippines.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Ritu Singh Vaidya, Managing Director of UTS Pvt Ltd, the organization is planning to expand into newer sectors like hydropower, hospitality and education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	She says, &ldquo;Hydropower should be there soon as it is already in the pipeline and we are seriously looking into hospitality. Hopefully, we will be coming with new ventures in the next two years if we don&rsquo;t have external disturbing factors like endless bandhs&nbsp;and political crisis.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="United Traders Syndicate Pvt Ltd" src="/userfiles/images/voith1.jpg" style="width: 500px; height: 397px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					Group&rsquo;s Involvement&nbsp;</h1>
				<div>
					<strong><img alt="automobile" src="/userfiles/images/automobiles(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />Automobiles&nbsp;</strong></div>
				<div>
					The group is sole distributor of Toyota vehicles and Genuine parts for Nepal.&nbsp;</div>
				<div>
					Sole distributor of Chinese vehicles - Yutong (Zhegnzhou Yutong Bus Company) and Shandong Wuzeng Group Co. Ltd. - in Nepal and is working to promote Great Wall Motors as well.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					The company also imports electric bicycles and furnitures.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="tea" src="/userfiles/images/tea(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 42px;" />Tea&nbsp;</strong></div>
				<div>
					It produces high grown orthodox tea. Its scientific method of cultivation is totally bio-organic.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="agriproducts" src="/userfiles/images/Agri%20Products(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 35px;" />Agri-products&nbsp;</strong></div>
				<div>
					The organization is also producing high quality agricultural products.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="construction" src="/userfiles/images/Construction(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 36px;" />Construction&nbsp;</strong></div>
				<div>
					The company is active in the national and international construction.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="education" src="/userfiles/images/Education(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 53px;" />Education&nbsp;</strong></div>
				<div>
					It has planned tor a three-year Proficiency Certificate Level (Undergraduate) Course in Nursing. In future, it will offer four-year Bachelor in Nursing Degree.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong>Achievements of UTS&nbsp;</strong></div>
				<div>
					&bull; UTS has successfully received &ldquo;Toyota Marketing Effort Award&rdquo; in the year 2000 for its outstanding performance.&nbsp;</div>
				<div>
					&bull; UTS has been receiving the &ldquo;Exhibitor Award&rdquo; for the 1st Auto Show 1998 and 2nd Auto Show 2000.&nbsp;</div>
				<div>
					&bull; UTS has also received a ,&ldquo;Double Star&rdquo; Parts and Performance Certificate, which is a part of the Customer Service.&nbsp;</div>
				<div>
					&bull; Award Program from Toyota Motor Corporation (TMC), Japan for the year 2000.&nbsp;</div>
				<div>
					&bull; UTS has been getting consecutively a &ldquo;Double Star&rdquo; Service Performance Certificate, which is a part of the Customer Service Award.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;A recognition of over 30 years of dedicated partnership&rdquo; in the year 2001 from Toyota Motor Corporation.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; in the year 2004 for its outstanding performance from Toyota.&nbsp;</div>
				<div>
					&bull; &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; 2006/2007/2008 from Toyota Motor Corporations.&nbsp;</div>
				<div>
					&bull; UTS was awarded for highest tax paying company at FY 2063/2064 as &ldquo;Customs Distinguished Personality&rdquo;.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'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' => 'Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people.',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1500',
			'article_category_id' => '160',
			'title' => 'Corptoon Issue 24',
			'sub_title' => '',
			'summary' => null,
			'content' => '',
			'published' => true,
			'created' => '2013-07-29',
			'modified' => '0000-00-00',
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			'description' => 'Corptoon',
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		'Article' => array(
			'id' => '1499',
			'article_category_id' => '91',
			'title' => 'Nepal-India Trade Fair In December',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		<strong style="font-size: 12px;">--By TC Correspondent</strong></div>
</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize &lsquo;Nepal-India Trade Fair 2013&rsquo; on December 1 - 11 in Birgunj. Ashok Kumar Vaidya, President of BiCCi and Madan Lamsal, President of Minds Nepal signed the agreement paper on Saturday, July 27. The fair will be important to boost the industrial market, the tourism sector and business potential in local communities, according to Vaidya. Discussions between national and foreign industrialists about business possibility and challenges will also be carried out in the fair, said Lamsal. Till now, every event has prioritized maximum entertainment; but this fair will focus on skills and business possibilities, he says. The fair is being organized with the expectation to bring skills and technologies from India as India holds a large share of businesses in Nepal, according to Lamsal.</div>
<div>
	&nbsp;</div>',
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			'created' => '2013-07-29',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize ‘Nepal-India Trade Fair 2013’ on December 1 - 11 in Birgunj.',
			'sortorder' => '1360',
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	(int) 6 => array(
		'Article' => array(
			'id' => '1498',
			'article_category_id' => '91',
			'title' => '3rd Money Expo In October',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	The third Money Expo is all set to start at the end of October. Aarthik Abhiyan Daily and Jamb Technologies are jointly going to organize &lsquo;Money Expo 2013&rsquo; at Bhrikutimandap in Kathmandu from 31st October to 2nd November. The expo was initiated in 2011 and is billed as the largest finance and investment show in the country, according to organizers. There will be more than 100 stalls from different sectors including banks and financial institutions, stock exchange, commodities exchange, insurance companies and more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The expo will also facilitate discussions on stock markets, investment on infrastructure, collaborative investment, private social mutual understanding, commodities, and micro finance companies. Financial experts, foreign economists, investors, businessmen, members of FNCCI and government regulators will join the discussion. The Money Expo has created a platform for the government to meet its aim of making Nepal a developing country by 2022. Many discussions were carried out to invest remittance money in productive sectors but action is yet to be taken.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The private sector is also demanding for project-focused investment. There is a demand for a lose policy on infrastructural development, industrial development, and to attract foreign investment in business and financial markets.</div>',
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			'created' => '2013-07-29',
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			'description' => 'The third Money Expo is all set to start at the end of October.',
			'sortorder' => '1359',
			'image' => null,
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	(int) 7 => array(
		'Article' => array(
			'id' => '1497',
			'article_category_id' => '91',
			'title' => 'Additional 46 MW  From The Private Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">&nbsp;--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Private power producers will add 46 MW to the national grid in the fiscal year 2070/71. According to Dr Subarna Das Shrestha, President of Independent Power Producers Association Nepal (IPPAN), the additional power connected to the national grid last year from the private sector was 41.3 MW.</div>
<div>
	&nbsp;</div>
<div>
	The private sector contributed a total of 230 MW of electricity to the national grid till June of the previous fiscal year. The beginning of the present fiscal year saw a generation of 8.4 MW by the Ankhukhola Hydro Project. Officials at the project say that the plant will begin commercial production next week onwards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dr Sandip Shah, Former President of IPPAN said that the private sector can produce more hydroelectricity if the government offers a discount on VAT on construction materials used for hydropower projects. &ldquo;Though the council of ministers has decided to provide Rs 10 million VAT discount per MW, it has not been implemented as the Ministry for Energy has not approved it as yet,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Sher Singh Bhat, Director of Marketing Sector, Nepal Electricity Authority said that after the completion of 70 MW Mid-Marshyangdi hydropower project five years ago, no other hydro projects have been completed from the government.</div>',
			'published' => true,
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			'description' => 'Private power producers will add 46 MW to the national grid in the fiscal year 2070/71.',
			'sortorder' => '1358',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1496',
			'article_category_id' => '91',
			'title' => 'Budget Deficit Figure Shows Economy In The Red',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The budget deficit figure has put the country&rsquo;s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).</span></div>
<div>
	&nbsp;</div>
<div>
	The estimated budget deficit for the current fiscal year 2013-14 is at Rs 87.70 billion which is equal to 5.15 percent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The budget deficit of FY 2000-01 was at 5.9 percent which declined to 1.5 percent in FY 2001-02. The country&rsquo;s economic situation is considered bad if the budget deficit goes above 5 percent.</div>
<div>
	&nbsp;</div>
<div>
	Previously in the FY 2008-09, the budget deficit was 5.04 per cent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the rise in budget deficit will hamper the effort to achieve targeted 5.5 percent economic growth and fuel inflation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Budget Deficit Figure" src="/userfiles/images/1(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 200px;" />According to economist Prof Dr Bishwambher Pyakuryal, increasing devaluation of local currency and unstable political situation have been constantly hampering the productivity of the country which has fuelled the budget deficit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The deficit will increase further as there is no good prospect of employment opportunities and rise in industrial productivity, he added. Prof Dr Madan Kumar Dahal also holds similar opinions. The increasing fiscal deficit is difficult to manage for Nepal&rsquo;s economy which is based on external loans, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra bank has reduced Cash Reserve Ratio (CRR) but not increased the Credit-Deposit Ratio (CD Ratio) which might ultimately slacken an investment environment, said Dr Dahal who is also the Chairman of Mega Bank Ltd.</div>
<div>
	&nbsp;</div>',
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			'description' => 'The budget deficit figure has put the country’s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1495',
			'article_category_id' => '34',
			'title' => 'VLCC Launches Advanced Laser Treatment For Unwanted Hair Reduction',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.<br />
	<br />
	&ldquo;At VLCC, our main priority has always been to offer wellness products and services that would allow our customers to look good and feel great,&rdquo; said Vandana Luthra, Founder &amp; Mentor of VLCC. She added, &ldquo;The state-of-the-art FDA-approved Laser treatment that we have launched is the world&rsquo;s most advanced treatment for effective reduction of unwanted hair and we are confident that clients would find our latest service offering beneficial and useful.&rdquo;<br />
	<br />
	The advanced Laser treatment for unwanted hair reduction has a patented chill TipTM cooling hand piece designed to protect the outer layer of skin by decreasing the surface temperature to make the procedure most comfortable. Besides, it has a slight anesthetic effect which enhances the comfort level for the customer. VLCC is widely recognised in India and abroad for its holistic, scientific and completely natural weight-management practices and therapeutic beauty solutions addressing the mind and body. VLCC seamlessly marries scientific weight management programmes with revolutionary skin and hair care treatments. The VLCC centre at Dillibazar in Kathmandu offers unmatched standards in fitness and beauty services that are in keeping with the Group&rsquo;s offerings across 16 countries where it operates. &nbsp;<br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-29',
			'modified' => '0000-00-00',
			'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal,  current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events,  ongoing biz news news of nepal',
			'description' => 'Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1494',
			'article_category_id' => '91',
			'title' => 'KUSOM, Shanker Dev, Ace Ranked As Lead B-Schools',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong style="font-size: 12px;">--By TC Correspondent</strong></p>
<div>
	<div>
		&nbsp;</div>
	<div>
		After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking &amp; Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.</div>
	<div>
		&nbsp;</div>
	<div>
		The study focused on a multi-parameter evaluation of the 40 plus B-Schools participating in the process from all across Nepal. It combined perceptive study by a panel of jury members comprising HR Managers of corporate houses, senior academic and administrative veterans, along with perception analysis of current and past students and empirical data of performance given by the B-Schools themselves on several criteria.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		Based on these data given by the participating 40+ B-Schools and the perceptions of a few current and past students, the jury evaluated the participating schools on a total score of 140. The B-Schools which score above 100 were ranked as per their score to occupy the first nine positions which have 14 B-Schools in total.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		It is interesting to note that the specific sector of travel, tourism and hotel management colleges, the veteran government sector college NATHM (Nepal Academy of Tourism &amp; Hotel Management) comes first, followed very closely by the younger private sector institute, International School of Tourism. Among the younger below ten years life-span institutes, King&rsquo;s College of Kathmandu stood as the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		Among the B-Schools outside the valley, Presidency College of Management of Chitwan comes first, while Crimson and Tilottama Colleges in the Western Region follow closely being the joint Western Region winners. Purvanchal University Management Deptt is the winner from the Eastern Region. There was no participation from the Mid-West and Far-Western Regions of Nepal.</div>
	<div>
		&nbsp;</div>
	<div>
		With regards to distant and online mode of education, International Centre for Academics providing IGNOU courses in Kathmandu emerges the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		&nbsp;The jury consisted of Prof Dr Parasar Koirala, former Dean of Tribhuvan University Faculty of Management, the former Education Secretary of Nepal Dipendra Bikram Thapa, HR Manager of Javra Software Manoj Giri, HR Manager of Everest Bank Limited Kumar Joshi, HR Manager of the Amravati Group Madhu Paudel, and the Managing Director Real Solutions and Merojob.com, Shailendra Raj Giri.</div>
	<div>
		&nbsp;</div>
	<div>
		The panel of guests comprised of some distinguished faces of Nepal. Secretary, Ministry of Urban Development Kishore Thapa, Managing Director, Deurali-Janta Pharmaceuticals,Vice President CNI Hari Bhakta Sharma, CEO Teletalk Sanjay Agarwal, CEO, Everest Bank Ltd. A K Ahluwalia, Chairman, DGM Everest Bank H P Kulkarni, Lomus Group of Companies,VP, FNCCI Pradeep Jung Pandey, Chairman, Panchakanya Group Pradeep K Shrestha, Chairman, IME Group Chandra Dhakal were some of the major guests present. The event was remarked as &ldquo;pathbreaking&rdquo; by Kishore Thapa, &ldquo;essential&rdquo; by Pradeep Jung Pandey, &ldquo;auspicious&rdquo; by Hari Bhakta Sharma and &ldquo;historical&rdquo; by Pradeep Shrestha.</div>
	<div>
		&nbsp;</div>
	<div>
		The project has been headed by the Senior Consultant of NBA, Prof Ujjwal K Chowdhury, the former Dean of Pune-based Symbiosis International University, who has past experience of rating and ranking of business and media schools of India. &ldquo;It has been a learning experience knowing some 40 plus B-Schools of this country, and understanding their best practices, evaluation and placements processes, etc.&rdquo;, he noted.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;A business media like New Business Age and Arthik Abhiyan is expected to contribute to the process of evolution of business education in the society by recognizing the best, setting standards for the same, and encouraging newer entrants as well in the domain,&rdquo; noted Madan Lamsal, Chairman, New Business Age.&nbsp;<span style="font-size: 12px;">While Everest Bank has been the title and naming sponsor of the path-breaking event, Colors Mobile and Prime CA training institute are the associate sponsors, Himalayan TV the satellite partner and Headlines &amp; Music FM the Radio Partner.</span></div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking & Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1493',
			'article_category_id' => '146',
			'title' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony</strong><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_2(1).jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_3.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<img alt="Business School Award" src="/userfiles/images/edited_4.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sortorder' => '1354',
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		'Article' => array(
			'id' => '1492',
			'article_category_id' => '34',
			'title' => 'Best HS Schools Of Nepal Awarded',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Bureau</strong><br />
	<br />
	GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School, Pokhara, emerged the best school outside the Kathmandu valley and the topper in the Western Region, while Merryland Higher Secondary School of Biratnagar is the topper in the Eastern Region, and Gorkha International Public Higher Secondary School emerged the topper in the Mid-Western Region. A total of 23 Higher Secondary Schools have been placed in the top ten across Nepal.<br />
	<br />
	New Business Age group, which is the fastest growing business media of Nepal, with Nepali daily Aarthik Abhiyan, English monthly New Business Age, and English news-weekly The Corporate, has announced the most comprehensive multi-parameter rating-ranking-awards for the best performing Higher Secondary (Plus 2) Schools of Nepal. The Everest Bank sponsored awards have been backed by co-sponsors like Hero Motor Cycle, CAI, Prime CA, hospitality partner Himalaya Hotel, and media partners Himalaya TV, Headlines &amp; Music FM radio.<br />
	<br />
	At a ceremony held on June 19, Wednesday, at Hotel Himalaya Chief Secretary of Nepal Government Leela Mani Poudyal and other Dignitaries distributed the awards. The ranking was based on the voluntary disclosure of various data related to more than 20 criteria by the interested leading HS schools of Nepal on multiple parameters and also the HS Board results of the schools in the last two years (2068 and 2069 BS).<br />
	<br />
	Most such evaluations by various media are usually based on academic results of HS Board exams. However, such evaluation does not do justice to the holistic growth of the students, especially with regards to sports, cultural activities, social work, prizes and achievements, development measures of weak students, and preparations for higher professional courses. The various parameters considered were HS academic results of two years with 20 points, infra-structure with 10 points (campus size and ownership, rooms, computer and science labs, etc), co-curricular activities, ECA, sports and social work together 20 points, faculty numbers and qualification, library and teaching tools etc together 20 points, preparation for and success in higher professional courses after HS with 10 points, and various other smaller parameters together being 20 points (like, integrating parents in the system, collaborations at national and international levels, etc).<br />
	<br />
	The entire project, close to the heart of the NewBiz Chairman Madan Lamsal, has been conducted over two months by a team led by Prof Ujjwal K Chowdhury, former Dean of Symbiosis International University, Pune, India. The Jury included eminent persons like senior educationists Prof Dinesh Chapagain and Dr Bijay KC, younger educationists like Narottam Aryal (Executive Director, King&rsquo;s College), Roshee Lamichchane, (Faculty, KCM), eminent bankers like PK Mohapatra (CEO, Everest Bank), Sujit Mundul (Director, Standard Chartered bank Nepal), corporate professionals like Suman Shakya (CEO, Digitainment), Chang Agarwal (Director, Himalaya TV), Sajita Joshi (Product Manager, Asian Pharmaceuticals).<br />
	<br />
	The initiative is designed to contribute to the understanding and practice of holistic multi-dimensional school education at plus 2 level, and not just focus on academic results of HS exams, and it also balances the inputs of the education system with the output in various forms of marks, awards, social work, higher professional admission, etc.<br />
	<br />
	Several members of the jury also made useful suggestions for future evaluations. Suggestions made by jury members include that along with number and qualification of teachers, the aspect of quality of teaching also needs to be quantified. Further, along with activities and awards of the school, also the aspects of discipline and culture of the school need to be incorporated. Further, along with success in engineering, medical and management admissions, also success in social sciences admissions in higher education should be considered. Further, along with batch-size, admission criteria and applicants for admission need to be taken into the ambit of rating and ranking of schools. &ldquo;These and other issues shall be incorporated in the next similar evaluation in 2014,&rdquo; noted Prof Chowdhury.<br />
	<br />
	<br />
	<strong>OVERALL RESULTS: </strong><br />
	<br />
	23 Schools Shared the Top 10 Positions<br />
	<br />
	1. GoldenGate International College, Kathmandu<br />
	2. Ace Higher Secondary School, Kathmandu<br />
	3. Kathmandu Model Higher Secondary School, Kathmandu<br />
	4. Xavier International College, Kathmandu / Nobel Academy, Kathmandu<br />
	5. Gandaki Higher Secondary Boarding School, Pokhara (w) / Little Angels H.S.S., HattibanLalitpur<br />
	6. Global College, Kathmandu<br />
	7. Reliance International HSS, Kathmandu / Merryland H.S.S, Biratnagar (E)<br />
	8. Gyanodaya Bal Batika Higher Secondary School, Lalitpur / Premier International H.S.S, New Baneshwor<br />
	9. St. Lawerence College, Kathmadnu<br />
	10. Nepal Police Higher Secondary School, Kavre / Sagarmatha H.S.S, Pokhara, kaski / The Times International College, Kathmandu / Tilottama Higher Secondary School, Butwal (w) / Xavier Academy College, Kathamandu / Gorkha International Public H.S.S, Dang (mid-west) / Cobass College, Biratnagar (E) / National Institute Of Science &amp; Technologym, Kathamandu / Whitefield College, Kathmandu</p>',
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			'description' => 'GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School,',
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			'id' => '1491',
			'article_category_id' => '34',
			'title' => 'Qatar Airways Regional Conference Held In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>ISC regional conference participants</strong><br />
	<br />
	Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.<br />
	<br />
	With a theme of &ldquo;Own the Business&rdquo;, participants from senior executives and country managers to commercial and sales managers attended the conference. The participants discussed the regional opportunities, challenges and developed strategies for the region to reach new heights to the 5-star carrier. The two days conference was combined with a team building exercise on the second day.<br />
	<br />
	Qatar Airways operates 4 flights daily and 28 flights weekly from Kathmandu to Doha. In this context, Nepal seemed to be a promising destination for the business conference and workshop besides being an ideal tourist destination. &nbsp;<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-24',
			'modified' => '2013-07-24',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1490',
			'article_category_id' => '150',
			'title' => 'Business Briefs (22-28 July 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/prostyle.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 92px;" />Prostyle to Sponsor Manhunt&nbsp;</strong></span></div>
<div>
	Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year&rsquo;s Manhunt International Nepal 2013. Nepali men between 18 to 30 years with good personality and a minimum height of 5&rsquo;8&rdquo; can apply for the contest. The last date of application submission is 31st July, 2013. The finale will be held on 28 Septepmber 2013 at Army Officers&rsquo; Club, Kathmandu. The winner of this contest will participate in Manhunt International 2013 going to be held in November 2013 in China.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/amtrip.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 52px;" />Amtrip&rsquo;s Myanmar Experience&nbsp;</strong></span></div>
<div>
	Amtrip Pvt Ltd has launched a tour package &lsquo;Myanmar Experience&rsquo; which the company claims to be one of a kind travel experience for its customers. The package tour of seven nights and eight days includes a direct flight to Mandalay from Kathmandu, accommodation in three, four or five star hotel of choice, all meals, four domestic flights within Myanmar from Mandaly to Yangon, Bagan and Inle and back, travel and medical insurance and all airport taxes among other services. The tour date has been scheduled for 8 September, 2013 &ndash; 15 September 2013 and the bookings are now open.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/khadka.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Khadka Becomes Pulsar&rsquo;s Brand Ambassador&nbsp;</strong></span></div>
<div>
	HH Bajaj, the authorized distributor of Bajaj motorbikes in Nepal, has officially declared Paras Khadka, Captain of The Nepal Cricket Team as the brand ambassador for Pulsar motorbike. Khadka will endorse the brand for a period of three years and will feature in its promotional campaigns and activities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/beed.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 64px;" />Beed Gets Consulting Contract in Rwanda&nbsp;</strong></span></div>
<div>
	Beed Management Private Limited (beed), Nepal&rsquo;s premier management consulting and financial advisory services firm has won a global bid to work on a consulting contract with the Government of Rwanda. The project involves establishing a cable car project on the highest peak in Rwanda Mount Karisimbi with a project cost of USD 35 million. The ecotourism corridor envisages establishing a 260 square kilometer area to promote eco-tourism so as to make Rwanda the premier eco-tourism destination in Central and East Africa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/bfiesta.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />White House B-Fiesta in August&nbsp;</strong></span></div>
<div>
	Himalayan White House College is going to organize &lsquo;2nd Inter-college B-Fiesta 2013&rsquo; on 16th and 17th of August 2013 at Trade Tower, Thapathali. The event will have the participation of students of Bachelors and Masters students of management stream. According to the college, the event will bring management students from different institutions together in one common platform to compete and communicate through numerous activities. The event will have programmes like quiz contests, art show and fashion show among others</div>
<div>
	&nbsp;</div>',
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			'description' => 'Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year’s Manhunt International Nepal 2013.',
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		'Article' => array(
			'id' => '1504',
			'article_category_id' => '161',
			'title' => '‘We Are Facing High Dependency Of Communities Over Our Organisation’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Good Neighbours International is a South Korea based international humanitarian and development organisation. <strong>Devi Ram Bhat</strong>, the Operation Manager of Good Neighbours International Nepal spoke to <strong>Sweta Sharma</strong> of The Corporate weekly, sharing the organisation&rsquo;s plans, projects and success thus far. <strong>Excerpts:&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	<strong><img alt="" src="/userfiles/images/Devi%20Ram%20Bhat%2C.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 239px;" />What is the biggest achievement of your organisation so far in Nepal?&nbsp;</strong></div>
<div>
	Good Neighbours has been working in Nepal for 11 years and has been successful in providing education to 23,000 children in this period. This is what we measure as our best achievement till date. Also, several families have been successful in generating income on their own with the help of the training we provide. Fourteen hundred children have been included in piloting for health insurance. We have also spent more than 50 percent of our funds in providing education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What are the main community development projects supported by Good Neighbours International in Nepal?&nbsp;</strong></div>
<div>
	In 2009, we started Community Development Projects (CDP) with the motive to support child education, public health and income generation for a number of communities. We now have 18 projects in 11 districts. The projects include support for education, child protection programs, health care services and vocational training classes to help residents increase their income.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Apart from projects that are being operated, what new projects are in line for Nepal?&nbsp;</strong></div>
<div>
	We have already completed our feasibility study in Gorkha and Kaski districts to start our projects. Apart from this, we have no new projects in line. If we are to start any, it will only be after 2015 because we cannot start new projects without the permission of the Social Welfare Association of Nepal (SWAN).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What operational challenges are you facing to run projects in Nepal?&nbsp;</strong></div>
<div>
	There have been challenges but we considered them as opportunities. The main one was to overcome geographical hurdles as it was the main hindrance for the implementation of our projects. We are also facing high dependency of communities over our organisation. They might mistake our support as being lifelong, which can increase their dependency. But we are providing communities with vocational training to reduce their dependency. Similarly, schools that we support for children&rsquo;s education are holding high expectations from us. Political instability too cannot be missed in the list of challenges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the main source of your funding? What is your annual total investment in Nepal?&nbsp;</strong></div>
<div>
	Our main donor is South Korea where we have our headquarter. Japan and USA are also supporting our organisation to some extent. We get support through sponsorship programs and not directly from any company. We have negotiated with the Nepali government for an annual investment of Rs 29.62 million. In 2012, our total annual investment was Rs 23.41 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How beneficial have cookstoves projects been for Nepal?&nbsp;</strong></div>
<div>
	We have not initiated cookstoves projects in Nepal as yet. Some volunteers from our organisation have done some research about cookstoves. This project is carried out in Cambodia. We don&rsquo;t have any plans to start such projects in Nepal right now.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that the service you provide to a community is actually useful to them?&nbsp;</strong></div>
<div>
	As I already mentioned, we have 18 projects which have their own offices in different districts. Every project has 10-35 staff persons and we provide services through those offices. So we are quite sure of our service being served to the community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the response from the government so far? Is the government helpful in Good Neighbours&rsquo; initiatives?&nbsp;</strong></div>
<div>
	Every governmental and non-governmental organisation is supposed to work under the government&rsquo;s territory. So in this regard, we are thankful to the government for letting our organisation provide service to communities in Nepal. We have a very good negotiation with the government regarding our projects and services to communities here. Overall, we are positive towards the government and vice versa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that benefits from the projects you implement continue even after the project comes to an end?&nbsp;</strong></div>
<div>
	We are planning to establish one CDP and one Cooperative in every district we cover. This has already been implemented for some projects. We developed this plan with the motive to provide support to communities through cooperatives even after the project ends.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Good Neighbours International is a South Korea based international humanitarian and development organisation.',
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			'id' => '1503',
			'article_category_id' => '137',
			'title' => 'India To Be World’s 3rd Largest Auto Market By 2016',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil, riding on its domestic automotive sales, according to IHS Automotive, a global market information provider. Although the economic growth vulnerability and lower sentiment resulted in market slowdown in 2012 and 2013, India is expected to regain strong growth trend from 2014 onwards, said the Colorado-based firm.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We expect that by 2016, vehicle sales would surpass Brazil, Germany and Japan making India the third largest market,&rdquo; IHS Senior Principal Economist Charles Chesbrough said here.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2012, China, the US and Japan were the top three global automotive markets and India was ranked six after Brazil and Germany in the fourth and fifth positions respectively. Sounding bullish on the Indian market in the mid to long term, IHS said: &ldquo;Investment reform policy will induce better environment for domestic and foreign enterprises. India light vehicle production (is) expected to reach 7 million by 2020.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The implications for auto demand are huge in India and the country has been moving along the penetration path, it said. &ldquo;With demand for vehicles declining in most mature markets in the face of the global recession, high fuel costs and urban driving restrictions, the industry is turning its attention more strongly towards the expanding middle classes in the new powerhouse of China, India, Brazil, Russia and other growing nations,&rdquo; Chesbrough said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growth of automobile sales will not be restricted only to mass market vehicles, IHS said. &ldquo;The favorable Indian market conditions are acting as a catalyst for luxury and premium carmakers, which are receiving impetus from new launches. The top-end carmakers have posted double-digit growth for the quarter ended June 30, 2013,&rdquo; IHS Director James Chao said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to IHS, in terms of production volume, India would move to fourth position in 2020 ahead of Germany and Brazil from its currently sixth spot. IHS said as India develops, its citizens acquire wealth, demand for automobiles will increase as the need of personal transportation rises. &ldquo;It may take a little longer in India because they do not have the infrastructure...but we know about the personal behaviour as people gain wealth, they want freedom, ability to go where they want to go and when they want to go,&rdquo; Chesbrough said. <em>(The Economic Times)</em></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					&nbsp;More Vehicles, Less Roads&nbsp;</h1>
				<div>
					Nepali auto market has expanded at rapid pace in the recent years. The construction of roads and other related infrastructures have contributed to the rise of vehicles sales. According to Economic Survey published by Nepal government last week, on an average, 61 vehicles are sharing one kilometer of road around the country. The total number of registered vehicles has reached 1.5 million by the end of fiscal year 2069/70. The survey reports that vehicle import has increased by 40 per cent annually. More than 142,000 vehicles were sold in FY 2069/70 compared as to 101,000 in previous FY. Increase in remittance, raised income of middle class families and road expansion activities are seen as the key driving factors for increased vehicle sales.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					However, the low availability of roads is seen as major problematic factor. Particularly, with the increase of vehicle sales, Kathmandu valley and other major cities are facing huge traffic congestions on a daily basis. The total length of road around the country reached 24,583 kms by the end of last FY which is very less compared to the number of registered vehicles. The sluggishness in road construction and expansion is also seen as another factor hindering the vehicle sales. The official data has showed that 518 km road was constructed in eight months of last FY which is about 58 per cent less compared to FY 2068/69. According to Tulsi Prasad Sitaula, Secretary at Ministry of Physical Infrastructure and Transport, the roads are constructed only with government investments, which has not brought the expected speed of infrastructure development. &lsquo;Private sector is pouring its investment only in importing vehicles but the roads constructions are not carried out to equalize the investment,&rsquo; he said.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil',
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		'Article' => array(
			'id' => '1502',
			'article_category_id' => '134',
			'title' => '‘We Are Receptive To Private Sector’s Suggestions For PDA’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Ministry of Energy (MoE) is in the process of finalising the Project Development Agreement (PDA) for power projects. The Corporate weekly&rsquo;s <strong>Janardan Baral</strong> and <strong>Bishnu Belbase</strong> spoke to <strong>Bishwa Prakash Pandit</strong>, Secretary at the MoE about the issues of draft PDA, Power Purchase Price and power transmission lines. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Bishwa Prakash Pandit, Secretary, Ministry of Energy" src="/userfiles/images/Bishwa%20Prakash%20Pandit.jpg" style="width: 175px; height: 181px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Bishwa Prakash Pandit</strong></div>
				<div>
					Secretary</div>
				<div>
					Ministry of Energy</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<strong>The Ministry of Energy (MoE) is about to finalise the template for Power Development Agreement (PDA). What are the major provisions?&nbsp;</strong></div>
<div>
	The Electricity Act of 2049 still exists and foreign and local investors develop the projects remaining within the parameters set in that Act. The PDA is being practiced in recent years throughout the world to increase the security of investment. Private sector entrepreneurs in Nepal too want PDA system. Frequent changes in policies and tax rates have increased the cost in hydro power development and there are risks posed by natural settings as well. The PDA template will include the issue of how such risks are to be shared. We have included this under &lsquo;force majeure&rsquo;. Similarly, the issue of quality and security are also addressed in the PDA template. As the project is eventually to be transferred to the government, the quality issue is important. The social responsibility of the developer is also necessary to be included. The process of handing over the project to the government and disputes settlement mechanisms are also being included.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>To what extent are the private sector&rsquo;s suggestions going to be included in the PDA template?&nbsp;</strong></div>
<div>
	The private sector&rsquo;s suggestions are largely included in the template. The PDA will balance the profit interest of the private sector with the national interests.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>It is said that the PDA drafted by the MoE is not bankable. Why did not the MoE take care about making the PDA bankable?&nbsp;</strong></div>
<div>
	We do understand that the PDA should be bankable. In case the current template is not bankable then we want suggestions from the private sector to make it so. We are preparing the PDA template to make it private sector friendly and have been receptive to the private sector&rsquo;s suggestions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Most of the power projects developed by the government suffer time and cost overrun. Why?&nbsp;</strong></div>
<div>
	Nepal is still in the process of drafting the constitution. Political instability has continued in Nepal for quite long. And is the main cause of time overrun in projects. Similarly, frequent change in government brings change in the leadership of the power projects programmes. Also the practice of starting a project without enough funds arranged is to blame for this. Similarly, there is the challenge of getting the support from local communities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Independent Power Producers&rsquo; Association of Nepal (IPPAN) has urged for change in the Power Purchase rates. How is it possible to consider their demand when the only buyer Nepal Electricity Authority (NEA) is in perpetual loss?&nbsp;</strong></div>
<div>
	It is said that the reason behind NEA&rsquo;s loss is the low electricity tariff. The government has a policy to revise the tariff as required by the time. NEA has thus formed a committee to prepare a model power purchase agreement so as to accommodate the view that the power price should be based on generation cost. The committee is considering also the view that a certain Internal Rate of Return should be assured to the developers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Why is the delay in inking PPA with the &lsquo;super-six&rsquo; hydropower projects?&nbsp;</strong></div>
<div>
	The government has entrusted the super-six hydropower projects to private power producers selected through a bidding process. But the government is not able to fulfill its commitment regarding these projects. However, the MoE is determined to fulfill those commitments. The problem of these projects is lack of transmission lines. Current FY budget has allocated funds for development of these transmission lines. But this budget allocation alone is not enough to hope that there will be transmission lines. I believe that there has been a great mistake of granting license for the super-six projects before the development of transmission lines. We collected money from the private sector but could not prepare the transmission lines on time. Therefore, the private sector is suffering a lot in this regard. Thus, I commit to create situation for these super-six projects to start construction as soon as possible.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Private sector power producers have been asking for PPA in US dollars and NEA is refusing it. This discourages foreign investment. Is it possible to develop hydropower only from domestic investment?&nbsp;</strong></div>
<div>
	PPA in US dollar will not make any difference if the generated electricity is exported. Nepal&rsquo;s currency is not strong enough and costs have increased by signing PPA for Khimti and Bhote Koshi projects in US dollars. This experience is the reason why NEA is hesitating from PPA in US dollars. The MoE, however, has formed a committee to work for agreements in US dollars.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>FY 2013\14 budget has allocated Rs 13 billion for the hydropower and energy sector, focusing on development of transmission lines. Will the transmission line problem be solved now?&nbsp;</strong></div>
<div>
	It is necessary to have a sufficient budget for transmission lines. Foreign grants are included in the budget for the development of transmission lines. But for land acquisition, which is one of the major problems for the transmission lines, the government itself should allocate a budget from its own resources. This is lacking in the budget. We are currently in dialogue with the Ministry of Finance to solve this problem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>The budget did not address the demand of the private developers for a waiver of VAT on construction materials used by power projects and other demands of the private sector. Why is this so?&nbsp;</strong></div>
<div>
	We are in the discussion about such demands from the private sector. A conclusion is yet to be arrived at on this. So it was not included in the budget. We are, however, determined to encourage the private investors.&nbsp;</div>
<div>
	&nbsp;</div>',
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		'Article' => array(
			'id' => '1501',
			'article_category_id' => '122',
			'title' => 'VOITH: A Tale Of Struggle, Conviction And Patience',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Ritu Singh Vaidya, Managing Director , United Traders Syndicate Pvt Ltd" src="/userfiles/images/ritusingh.jpg" style="width: 175px; height: 193px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Ritu Singh Vaidya</strong></div>
				<div>
					Managing Director</div>
				<div>
					United Traders Syndicate Pvt Ltd</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people. The group started as United Trade Syndicate, a company that imports automobiles, has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Inception&nbsp;</strong></div>
<div>
	VOITH was established in Kathmandu 40 years ago by an enterprising young man, late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya was initially involved in the political movement of Nepal to overthrow the Rana oligarchy and also worked for 11 years in different institutions including USAID and Ministry for Foreign Affairs until he realized that nothing would interest him except working under his own leadership and self vision.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya gave up everything just to initiate his own business. With just $700 in his pocket, he ventured into the business journey to Japan on December 18, 1967. After continuous and regular meetings with the officials of Toyota Company in Japan, who were initially skeptical about his ability, eventually signed an agreement with the company on selling their vehicles in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Upon his arrival, Vaidya established United Traders Syndicate (UTS) Pvt Ltd and sold 97 vehicles, 91 more than the targets set by the Toyota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After four-decades, Toyota, which was introduced to the customers by the UTS for the first time in Nepal, is still one of the dominant brands in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Started from the UTS dealing automobiles, the VOITH has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Behind the meteoric rise of the organization as one of the largest business house, there are the tales of struggle, conviction, hard-work and patience of the organization&rsquo;s founder late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Setting the priorities&nbsp;</strong></div>
<div>
	The organisation accords its priority to industries that contribute greatly to the social upliftment of the Nepali people. Hence, labor-intensive, agro-based industries are VOITH&rsquo;s priorities. And, as it said, it is convinced that such undertakings help raise the living standard of Nepal&rsquo;s poorest people, the bulk of whom are farmers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has been continuously serving the people for past four decades. Since its inception, the organization is putting the farmers at its center of focus. It strives to bring joy and success into the community of the common farmers through professional development and modernization of the agricultural sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Now, the president of the VOITH President Suraj Vaidya is upholding the legacy of Vaidya group created by his late father Dr Vijay G. Vaidya. Suraj, President of the VOITH, is also leading the umbrella organisation of the business community - Federation of Nepalese Chamber of Commerce and Industries- as its president.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Caring the Nature&nbsp;</strong></div>
<div>
	For many, doing business is all about gaining immediate profits from their investment and deposit the cash in their bank accounts even at the expense of human health or irrespective of the adverse impact it makes on the environment or natural heritages.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, VOITH claims that it has abided by the concept and principle of green environment in the field of industrial and business development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This company has refrained itself from entering into any production that causes harm to human health or adversely challenges the natural heritage.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Management Mantra&nbsp;</strong></div>
<div>
	Vision, commitment, courage, perseverance and hard work are the key mantras for the staffs working in VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Board of Directors sets the overall policy and management guidance for each of the divisions - Trading and Services, Industry, Construction - of VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The VOITH is one of the largest business groups in Nepal and provides employment opportunities to more than 7,000 people, and prides itself in its staff that represents some of the best managerial talent in the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Each division is led by an Executive Director. Regular staff meetings are held that ensures total managerial involvement in the day-to-day operation of VOITH as well as its future planning needs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Corporate Social Responsibilities&nbsp;</strong></div>
<div>
	Though it has made its slogan &ldquo;Little Things We Do&rdquo;, the philanthropy and social services of the VOITH are beyond the merely fulfilling its bit of Corporate Social Responsibility (CSR).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The list of the services that the company has done goes long. To mention few: it provides scholarships to the needy and underprivileged students for the scholarship; builds school buildings, temples; supports sportsperson; involves itself in cleaning campaign as well as renovating and preserving cultural heritages, among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has organized Toyota Women&rsquo;s Motor Rally and the money that was raised was given to a primary school at Hile, Dhankuta in eastern Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Since 2006, VOITH has begun awarding a Toyota car to the most outstanding football player of the year. Likewise, VOITH set up a revolving fund of Rs. 400,000 to organize the tournaments and made available additional funds to manage them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It had donated an Ambulance to the Avyudaya Multipurpose Cooperative at Kalyanpur, Chitwan. It has been providing financial help to dozens of schools across the country. In Chitwan, it has constructed a Reading Room besides providing books and magazines. It has made available Rs. 1 million to Mothers&rsquo; groups to create awareness and expand literacy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Kathmandu, it has built numerous waiting stands at the bus stops for the comfort of passengers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Venturing Next&nbsp;</strong></div>
<div>
	As part of its regular and new launches, VOITH is all set to launch a new model of Toyota car at the end of the August. According to Sahara KC, Marketing Manager at VOITH, Toyota Etios will roll out in the street. This car would cost Rs 3.44 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	KC says those who want to exchange their vehicle with the Toyota Etios will have that opportunity during the launch where bank, insurance and validity counter will also be available.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, Vijaya Academy of Health and Science is scheduled to begin four-year Bachelor degree in affiliation with universities from Australia and Philippines.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Ritu Singh Vaidya, Managing Director of UTS Pvt Ltd, the organization is planning to expand into newer sectors like hydropower, hospitality and education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	She says, &ldquo;Hydropower should be there soon as it is already in the pipeline and we are seriously looking into hospitality. Hopefully, we will be coming with new ventures in the next two years if we don&rsquo;t have external disturbing factors like endless bandhs&nbsp;and political crisis.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="United Traders Syndicate Pvt Ltd" src="/userfiles/images/voith1.jpg" style="width: 500px; height: 397px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					Group&rsquo;s Involvement&nbsp;</h1>
				<div>
					<strong><img alt="automobile" src="/userfiles/images/automobiles(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />Automobiles&nbsp;</strong></div>
				<div>
					The group is sole distributor of Toyota vehicles and Genuine parts for Nepal.&nbsp;</div>
				<div>
					Sole distributor of Chinese vehicles - Yutong (Zhegnzhou Yutong Bus Company) and Shandong Wuzeng Group Co. Ltd. - in Nepal and is working to promote Great Wall Motors as well.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					The company also imports electric bicycles and furnitures.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="tea" src="/userfiles/images/tea(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 42px;" />Tea&nbsp;</strong></div>
				<div>
					It produces high grown orthodox tea. Its scientific method of cultivation is totally bio-organic.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="agriproducts" src="/userfiles/images/Agri%20Products(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 35px;" />Agri-products&nbsp;</strong></div>
				<div>
					The organization is also producing high quality agricultural products.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="construction" src="/userfiles/images/Construction(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 36px;" />Construction&nbsp;</strong></div>
				<div>
					The company is active in the national and international construction.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="education" src="/userfiles/images/Education(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 53px;" />Education&nbsp;</strong></div>
				<div>
					It has planned tor a three-year Proficiency Certificate Level (Undergraduate) Course in Nursing. In future, it will offer four-year Bachelor in Nursing Degree.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong>Achievements of UTS&nbsp;</strong></div>
				<div>
					&bull; UTS has successfully received &ldquo;Toyota Marketing Effort Award&rdquo; in the year 2000 for its outstanding performance.&nbsp;</div>
				<div>
					&bull; UTS has been receiving the &ldquo;Exhibitor Award&rdquo; for the 1st Auto Show 1998 and 2nd Auto Show 2000.&nbsp;</div>
				<div>
					&bull; UTS has also received a ,&ldquo;Double Star&rdquo; Parts and Performance Certificate, which is a part of the Customer Service.&nbsp;</div>
				<div>
					&bull; Award Program from Toyota Motor Corporation (TMC), Japan for the year 2000.&nbsp;</div>
				<div>
					&bull; UTS has been getting consecutively a &ldquo;Double Star&rdquo; Service Performance Certificate, which is a part of the Customer Service Award.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;A recognition of over 30 years of dedicated partnership&rdquo; in the year 2001 from Toyota Motor Corporation.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; in the year 2004 for its outstanding performance from Toyota.&nbsp;</div>
				<div>
					&bull; &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; 2006/2007/2008 from Toyota Motor Corporations.&nbsp;</div>
				<div>
					&bull; UTS was awarded for highest tax paying company at FY 2063/2064 as &ldquo;Customs Distinguished Personality&rdquo;.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'summary' => null,
			'content' => '<div>
	<div>
		<strong style="font-size: 12px;">--By TC Correspondent</strong></div>
</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize &lsquo;Nepal-India Trade Fair 2013&rsquo; on December 1 - 11 in Birgunj. Ashok Kumar Vaidya, President of BiCCi and Madan Lamsal, President of Minds Nepal signed the agreement paper on Saturday, July 27. The fair will be important to boost the industrial market, the tourism sector and business potential in local communities, according to Vaidya. Discussions between national and foreign industrialists about business possibility and challenges will also be carried out in the fair, said Lamsal. Till now, every event has prioritized maximum entertainment; but this fair will focus on skills and business possibilities, he says. The fair is being organized with the expectation to bring skills and technologies from India as India holds a large share of businesses in Nepal, according to Lamsal.</div>
<div>
	&nbsp;</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 Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize ‘Nepal-India Trade Fair 2013’ on December 1 - 11 in Birgunj.',
			'sortorder' => '1360',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1498',
			'article_category_id' => '91',
			'title' => '3rd Money Expo In October',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	The third Money Expo is all set to start at the end of October. Aarthik Abhiyan Daily and Jamb Technologies are jointly going to organize &lsquo;Money Expo 2013&rsquo; at Bhrikutimandap in Kathmandu from 31st October to 2nd November. The expo was initiated in 2011 and is billed as the largest finance and investment show in the country, according to organizers. There will be more than 100 stalls from different sectors including banks and financial institutions, stock exchange, commodities exchange, insurance companies and more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The expo will also facilitate discussions on stock markets, investment on infrastructure, collaborative investment, private social mutual understanding, commodities, and micro finance companies. Financial experts, foreign economists, investors, businessmen, members of FNCCI and government regulators will join the discussion. The Money Expo has created a platform for the government to meet its aim of making Nepal a developing country by 2022. Many discussions were carried out to invest remittance money in productive sectors but action is yet to be taken.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The private sector is also demanding for project-focused investment. There is a demand for a lose policy on infrastructural development, industrial development, and to attract foreign investment in business and financial markets.</div>',
			'published' => true,
			'created' => '2013-07-29',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The third Money Expo is all set to start at the end of October.',
			'sortorder' => '1359',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1497',
			'article_category_id' => '91',
			'title' => 'Additional 46 MW  From The Private Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">&nbsp;--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Private power producers will add 46 MW to the national grid in the fiscal year 2070/71. According to Dr Subarna Das Shrestha, President of Independent Power Producers Association Nepal (IPPAN), the additional power connected to the national grid last year from the private sector was 41.3 MW.</div>
<div>
	&nbsp;</div>
<div>
	The private sector contributed a total of 230 MW of electricity to the national grid till June of the previous fiscal year. The beginning of the present fiscal year saw a generation of 8.4 MW by the Ankhukhola Hydro Project. Officials at the project say that the plant will begin commercial production next week onwards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dr Sandip Shah, Former President of IPPAN said that the private sector can produce more hydroelectricity if the government offers a discount on VAT on construction materials used for hydropower projects. &ldquo;Though the council of ministers has decided to provide Rs 10 million VAT discount per MW, it has not been implemented as the Ministry for Energy has not approved it as yet,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Sher Singh Bhat, Director of Marketing Sector, Nepal Electricity Authority said that after the completion of 70 MW Mid-Marshyangdi hydropower project five years ago, no other hydro projects have been completed from the government.</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' => 'Private power producers will add 46 MW to the national grid in the fiscal year 2070/71.',
			'sortorder' => '1358',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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			'user_id' => '0'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '1496',
			'article_category_id' => '91',
			'title' => 'Budget Deficit Figure Shows Economy In The Red',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The budget deficit figure has put the country&rsquo;s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).</span></div>
<div>
	&nbsp;</div>
<div>
	The estimated budget deficit for the current fiscal year 2013-14 is at Rs 87.70 billion which is equal to 5.15 percent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The budget deficit of FY 2000-01 was at 5.9 percent which declined to 1.5 percent in FY 2001-02. The country&rsquo;s economic situation is considered bad if the budget deficit goes above 5 percent.</div>
<div>
	&nbsp;</div>
<div>
	Previously in the FY 2008-09, the budget deficit was 5.04 per cent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the rise in budget deficit will hamper the effort to achieve targeted 5.5 percent economic growth and fuel inflation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Budget Deficit Figure" src="/userfiles/images/1(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 200px;" />According to economist Prof Dr Bishwambher Pyakuryal, increasing devaluation of local currency and unstable political situation have been constantly hampering the productivity of the country which has fuelled the budget deficit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The deficit will increase further as there is no good prospect of employment opportunities and rise in industrial productivity, he added. Prof Dr Madan Kumar Dahal also holds similar opinions. The increasing fiscal deficit is difficult to manage for Nepal&rsquo;s economy which is based on external loans, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra bank has reduced Cash Reserve Ratio (CRR) but not increased the Credit-Deposit Ratio (CD Ratio) which might ultimately slacken an investment environment, said Dr Dahal who is also the Chairman of Mega Bank Ltd.</div>
<div>
	&nbsp;</div>',
			'published' => true,
			'created' => '2013-07-29',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'The budget deficit figure has put the country’s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).',
			'sortorder' => '1357',
			'image' => null,
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	(int) 9 => array(
		'Article' => array(
			'id' => '1495',
			'article_category_id' => '34',
			'title' => 'VLCC Launches Advanced Laser Treatment For Unwanted Hair Reduction',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.<br />
	<br />
	&ldquo;At VLCC, our main priority has always been to offer wellness products and services that would allow our customers to look good and feel great,&rdquo; said Vandana Luthra, Founder &amp; Mentor of VLCC. She added, &ldquo;The state-of-the-art FDA-approved Laser treatment that we have launched is the world&rsquo;s most advanced treatment for effective reduction of unwanted hair and we are confident that clients would find our latest service offering beneficial and useful.&rdquo;<br />
	<br />
	The advanced Laser treatment for unwanted hair reduction has a patented chill TipTM cooling hand piece designed to protect the outer layer of skin by decreasing the surface temperature to make the procedure most comfortable. Besides, it has a slight anesthetic effect which enhances the comfort level for the customer. VLCC is widely recognised in India and abroad for its holistic, scientific and completely natural weight-management practices and therapeutic beauty solutions addressing the mind and body. VLCC seamlessly marries scientific weight management programmes with revolutionary skin and hair care treatments. The VLCC centre at Dillibazar in Kathmandu offers unmatched standards in fitness and beauty services that are in keeping with the Group&rsquo;s offerings across 16 countries where it operates. &nbsp;<br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-29',
			'modified' => '0000-00-00',
			'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal,  current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events,  ongoing biz news news of nepal',
			'description' => 'Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.',
			'sortorder' => '1356',
			'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' => '1494',
			'article_category_id' => '91',
			'title' => 'KUSOM, Shanker Dev, Ace Ranked As Lead B-Schools',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong style="font-size: 12px;">--By TC Correspondent</strong></p>
<div>
	<div>
		&nbsp;</div>
	<div>
		After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking &amp; Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.</div>
	<div>
		&nbsp;</div>
	<div>
		The study focused on a multi-parameter evaluation of the 40 plus B-Schools participating in the process from all across Nepal. It combined perceptive study by a panel of jury members comprising HR Managers of corporate houses, senior academic and administrative veterans, along with perception analysis of current and past students and empirical data of performance given by the B-Schools themselves on several criteria.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		Based on these data given by the participating 40+ B-Schools and the perceptions of a few current and past students, the jury evaluated the participating schools on a total score of 140. The B-Schools which score above 100 were ranked as per their score to occupy the first nine positions which have 14 B-Schools in total.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		It is interesting to note that the specific sector of travel, tourism and hotel management colleges, the veteran government sector college NATHM (Nepal Academy of Tourism &amp; Hotel Management) comes first, followed very closely by the younger private sector institute, International School of Tourism. Among the younger below ten years life-span institutes, King&rsquo;s College of Kathmandu stood as the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		Among the B-Schools outside the valley, Presidency College of Management of Chitwan comes first, while Crimson and Tilottama Colleges in the Western Region follow closely being the joint Western Region winners. Purvanchal University Management Deptt is the winner from the Eastern Region. There was no participation from the Mid-West and Far-Western Regions of Nepal.</div>
	<div>
		&nbsp;</div>
	<div>
		With regards to distant and online mode of education, International Centre for Academics providing IGNOU courses in Kathmandu emerges the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		&nbsp;The jury consisted of Prof Dr Parasar Koirala, former Dean of Tribhuvan University Faculty of Management, the former Education Secretary of Nepal Dipendra Bikram Thapa, HR Manager of Javra Software Manoj Giri, HR Manager of Everest Bank Limited Kumar Joshi, HR Manager of the Amravati Group Madhu Paudel, and the Managing Director Real Solutions and Merojob.com, Shailendra Raj Giri.</div>
	<div>
		&nbsp;</div>
	<div>
		The panel of guests comprised of some distinguished faces of Nepal. Secretary, Ministry of Urban Development Kishore Thapa, Managing Director, Deurali-Janta Pharmaceuticals,Vice President CNI Hari Bhakta Sharma, CEO Teletalk Sanjay Agarwal, CEO, Everest Bank Ltd. A K Ahluwalia, Chairman, DGM Everest Bank H P Kulkarni, Lomus Group of Companies,VP, FNCCI Pradeep Jung Pandey, Chairman, Panchakanya Group Pradeep K Shrestha, Chairman, IME Group Chandra Dhakal were some of the major guests present. The event was remarked as &ldquo;pathbreaking&rdquo; by Kishore Thapa, &ldquo;essential&rdquo; by Pradeep Jung Pandey, &ldquo;auspicious&rdquo; by Hari Bhakta Sharma and &ldquo;historical&rdquo; by Pradeep Shrestha.</div>
	<div>
		&nbsp;</div>
	<div>
		The project has been headed by the Senior Consultant of NBA, Prof Ujjwal K Chowdhury, the former Dean of Pune-based Symbiosis International University, who has past experience of rating and ranking of business and media schools of India. &ldquo;It has been a learning experience knowing some 40 plus B-Schools of this country, and understanding their best practices, evaluation and placements processes, etc.&rdquo;, he noted.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;A business media like New Business Age and Arthik Abhiyan is expected to contribute to the process of evolution of business education in the society by recognizing the best, setting standards for the same, and encouraging newer entrants as well in the domain,&rdquo; noted Madan Lamsal, Chairman, New Business Age.&nbsp;<span style="font-size: 12px;">While Everest Bank has been the title and naming sponsor of the path-breaking event, Colors Mobile and Prime CA training institute are the associate sponsors, Himalayan TV the satellite partner and Headlines &amp; Music FM the Radio Partner.</span></div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking & Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.',
			'sortorder' => '1355',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1493',
			'article_category_id' => '146',
			'title' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony</strong><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_2(1).jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_3.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<img alt="Business School Award" src="/userfiles/images/edited_4.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sortorder' => '1354',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1492',
			'article_category_id' => '34',
			'title' => 'Best HS Schools Of Nepal Awarded',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Bureau</strong><br />
	<br />
	GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School, Pokhara, emerged the best school outside the Kathmandu valley and the topper in the Western Region, while Merryland Higher Secondary School of Biratnagar is the topper in the Eastern Region, and Gorkha International Public Higher Secondary School emerged the topper in the Mid-Western Region. A total of 23 Higher Secondary Schools have been placed in the top ten across Nepal.<br />
	<br />
	New Business Age group, which is the fastest growing business media of Nepal, with Nepali daily Aarthik Abhiyan, English monthly New Business Age, and English news-weekly The Corporate, has announced the most comprehensive multi-parameter rating-ranking-awards for the best performing Higher Secondary (Plus 2) Schools of Nepal. The Everest Bank sponsored awards have been backed by co-sponsors like Hero Motor Cycle, CAI, Prime CA, hospitality partner Himalaya Hotel, and media partners Himalaya TV, Headlines &amp; Music FM radio.<br />
	<br />
	At a ceremony held on June 19, Wednesday, at Hotel Himalaya Chief Secretary of Nepal Government Leela Mani Poudyal and other Dignitaries distributed the awards. The ranking was based on the voluntary disclosure of various data related to more than 20 criteria by the interested leading HS schools of Nepal on multiple parameters and also the HS Board results of the schools in the last two years (2068 and 2069 BS).<br />
	<br />
	Most such evaluations by various media are usually based on academic results of HS Board exams. However, such evaluation does not do justice to the holistic growth of the students, especially with regards to sports, cultural activities, social work, prizes and achievements, development measures of weak students, and preparations for higher professional courses. The various parameters considered were HS academic results of two years with 20 points, infra-structure with 10 points (campus size and ownership, rooms, computer and science labs, etc), co-curricular activities, ECA, sports and social work together 20 points, faculty numbers and qualification, library and teaching tools etc together 20 points, preparation for and success in higher professional courses after HS with 10 points, and various other smaller parameters together being 20 points (like, integrating parents in the system, collaborations at national and international levels, etc).<br />
	<br />
	The entire project, close to the heart of the NewBiz Chairman Madan Lamsal, has been conducted over two months by a team led by Prof Ujjwal K Chowdhury, former Dean of Symbiosis International University, Pune, India. The Jury included eminent persons like senior educationists Prof Dinesh Chapagain and Dr Bijay KC, younger educationists like Narottam Aryal (Executive Director, King&rsquo;s College), Roshee Lamichchane, (Faculty, KCM), eminent bankers like PK Mohapatra (CEO, Everest Bank), Sujit Mundul (Director, Standard Chartered bank Nepal), corporate professionals like Suman Shakya (CEO, Digitainment), Chang Agarwal (Director, Himalaya TV), Sajita Joshi (Product Manager, Asian Pharmaceuticals).<br />
	<br />
	The initiative is designed to contribute to the understanding and practice of holistic multi-dimensional school education at plus 2 level, and not just focus on academic results of HS exams, and it also balances the inputs of the education system with the output in various forms of marks, awards, social work, higher professional admission, etc.<br />
	<br />
	Several members of the jury also made useful suggestions for future evaluations. Suggestions made by jury members include that along with number and qualification of teachers, the aspect of quality of teaching also needs to be quantified. Further, along with activities and awards of the school, also the aspects of discipline and culture of the school need to be incorporated. Further, along with success in engineering, medical and management admissions, also success in social sciences admissions in higher education should be considered. Further, along with batch-size, admission criteria and applicants for admission need to be taken into the ambit of rating and ranking of schools. &ldquo;These and other issues shall be incorporated in the next similar evaluation in 2014,&rdquo; noted Prof Chowdhury.<br />
	<br />
	<br />
	<strong>OVERALL RESULTS: </strong><br />
	<br />
	23 Schools Shared the Top 10 Positions<br />
	<br />
	1. GoldenGate International College, Kathmandu<br />
	2. Ace Higher Secondary School, Kathmandu<br />
	3. Kathmandu Model Higher Secondary School, Kathmandu<br />
	4. Xavier International College, Kathmandu / Nobel Academy, Kathmandu<br />
	5. Gandaki Higher Secondary Boarding School, Pokhara (w) / Little Angels H.S.S., HattibanLalitpur<br />
	6. Global College, Kathmandu<br />
	7. Reliance International HSS, Kathmandu / Merryland H.S.S, Biratnagar (E)<br />
	8. Gyanodaya Bal Batika Higher Secondary School, Lalitpur / Premier International H.S.S, New Baneshwor<br />
	9. St. Lawerence College, Kathmadnu<br />
	10. Nepal Police Higher Secondary School, Kavre / Sagarmatha H.S.S, Pokhara, kaski / The Times International College, Kathmandu / Tilottama Higher Secondary School, Butwal (w) / Xavier Academy College, Kathamandu / Gorkha International Public H.S.S, Dang (mid-west) / Cobass College, Biratnagar (E) / National Institute Of Science &amp; Technologym, Kathamandu / Whitefield College, Kathmandu</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School,',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1491',
			'article_category_id' => '34',
			'title' => 'Qatar Airways Regional Conference Held In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>ISC regional conference participants</strong><br />
	<br />
	Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.<br />
	<br />
	With a theme of &ldquo;Own the Business&rdquo;, participants from senior executives and country managers to commercial and sales managers attended the conference. The participants discussed the regional opportunities, challenges and developed strategies for the region to reach new heights to the 5-star carrier. The two days conference was combined with a team building exercise on the second day.<br />
	<br />
	Qatar Airways operates 4 flights daily and 28 flights weekly from Kathmandu to Doha. In this context, Nepal seemed to be a promising destination for the business conference and workshop besides being an ideal tourist destination. &nbsp;<br />
	&nbsp;</p>',
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			'created' => '2013-07-24',
			'modified' => '2013-07-24',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1490',
			'article_category_id' => '150',
			'title' => 'Business Briefs (22-28 July 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/prostyle.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 92px;" />Prostyle to Sponsor Manhunt&nbsp;</strong></span></div>
<div>
	Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year&rsquo;s Manhunt International Nepal 2013. Nepali men between 18 to 30 years with good personality and a minimum height of 5&rsquo;8&rdquo; can apply for the contest. The last date of application submission is 31st July, 2013. The finale will be held on 28 Septepmber 2013 at Army Officers&rsquo; Club, Kathmandu. The winner of this contest will participate in Manhunt International 2013 going to be held in November 2013 in China.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/amtrip.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 52px;" />Amtrip&rsquo;s Myanmar Experience&nbsp;</strong></span></div>
<div>
	Amtrip Pvt Ltd has launched a tour package &lsquo;Myanmar Experience&rsquo; which the company claims to be one of a kind travel experience for its customers. The package tour of seven nights and eight days includes a direct flight to Mandalay from Kathmandu, accommodation in three, four or five star hotel of choice, all meals, four domestic flights within Myanmar from Mandaly to Yangon, Bagan and Inle and back, travel and medical insurance and all airport taxes among other services. The tour date has been scheduled for 8 September, 2013 &ndash; 15 September 2013 and the bookings are now open.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/khadka.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Khadka Becomes Pulsar&rsquo;s Brand Ambassador&nbsp;</strong></span></div>
<div>
	HH Bajaj, the authorized distributor of Bajaj motorbikes in Nepal, has officially declared Paras Khadka, Captain of The Nepal Cricket Team as the brand ambassador for Pulsar motorbike. Khadka will endorse the brand for a period of three years and will feature in its promotional campaigns and activities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/beed.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 64px;" />Beed Gets Consulting Contract in Rwanda&nbsp;</strong></span></div>
<div>
	Beed Management Private Limited (beed), Nepal&rsquo;s premier management consulting and financial advisory services firm has won a global bid to work on a consulting contract with the Government of Rwanda. The project involves establishing a cable car project on the highest peak in Rwanda Mount Karisimbi with a project cost of USD 35 million. The ecotourism corridor envisages establishing a 260 square kilometer area to promote eco-tourism so as to make Rwanda the premier eco-tourism destination in Central and East Africa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/bfiesta.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />White House B-Fiesta in August&nbsp;</strong></span></div>
<div>
	Himalayan White House College is going to organize &lsquo;2nd Inter-college B-Fiesta 2013&rsquo; on 16th and 17th of August 2013 at Trade Tower, Thapathali. The event will have the participation of students of Bachelors and Masters students of management stream. According to the college, the event will bring management students from different institutions together in one common platform to compete and communicate through numerous activities. The event will have programmes like quiz contests, art show and fashion show among others</div>
<div>
	&nbsp;</div>',
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			'description' => 'Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year’s Manhunt International Nepal 2013.',
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		'Article' => array(
			'id' => '1504',
			'article_category_id' => '161',
			'title' => '‘We Are Facing High Dependency Of Communities Over Our Organisation’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	Good Neighbours International is a South Korea based international humanitarian and development organisation. <strong>Devi Ram Bhat</strong>, the Operation Manager of Good Neighbours International Nepal spoke to <strong>Sweta Sharma</strong> of The Corporate weekly, sharing the organisation&rsquo;s plans, projects and success thus far. <strong>Excerpts:&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	<strong><img alt="" src="/userfiles/images/Devi%20Ram%20Bhat%2C.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 239px;" />What is the biggest achievement of your organisation so far in Nepal?&nbsp;</strong></div>
<div>
	Good Neighbours has been working in Nepal for 11 years and has been successful in providing education to 23,000 children in this period. This is what we measure as our best achievement till date. Also, several families have been successful in generating income on their own with the help of the training we provide. Fourteen hundred children have been included in piloting for health insurance. We have also spent more than 50 percent of our funds in providing education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What are the main community development projects supported by Good Neighbours International in Nepal?&nbsp;</strong></div>
<div>
	In 2009, we started Community Development Projects (CDP) with the motive to support child education, public health and income generation for a number of communities. We now have 18 projects in 11 districts. The projects include support for education, child protection programs, health care services and vocational training classes to help residents increase their income.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Apart from projects that are being operated, what new projects are in line for Nepal?&nbsp;</strong></div>
<div>
	We have already completed our feasibility study in Gorkha and Kaski districts to start our projects. Apart from this, we have no new projects in line. If we are to start any, it will only be after 2015 because we cannot start new projects without the permission of the Social Welfare Association of Nepal (SWAN).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What operational challenges are you facing to run projects in Nepal?&nbsp;</strong></div>
<div>
	There have been challenges but we considered them as opportunities. The main one was to overcome geographical hurdles as it was the main hindrance for the implementation of our projects. We are also facing high dependency of communities over our organisation. They might mistake our support as being lifelong, which can increase their dependency. But we are providing communities with vocational training to reduce their dependency. Similarly, schools that we support for children&rsquo;s education are holding high expectations from us. Political instability too cannot be missed in the list of challenges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the main source of your funding? What is your annual total investment in Nepal?&nbsp;</strong></div>
<div>
	Our main donor is South Korea where we have our headquarter. Japan and USA are also supporting our organisation to some extent. We get support through sponsorship programs and not directly from any company. We have negotiated with the Nepali government for an annual investment of Rs 29.62 million. In 2012, our total annual investment was Rs 23.41 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How beneficial have cookstoves projects been for Nepal?&nbsp;</strong></div>
<div>
	We have not initiated cookstoves projects in Nepal as yet. Some volunteers from our organisation have done some research about cookstoves. This project is carried out in Cambodia. We don&rsquo;t have any plans to start such projects in Nepal right now.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that the service you provide to a community is actually useful to them?&nbsp;</strong></div>
<div>
	As I already mentioned, we have 18 projects which have their own offices in different districts. Every project has 10-35 staff persons and we provide services through those offices. So we are quite sure of our service being served to the community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the response from the government so far? Is the government helpful in Good Neighbours&rsquo; initiatives?&nbsp;</strong></div>
<div>
	Every governmental and non-governmental organisation is supposed to work under the government&rsquo;s territory. So in this regard, we are thankful to the government for letting our organisation provide service to communities in Nepal. We have a very good negotiation with the government regarding our projects and services to communities here. Overall, we are positive towards the government and vice versa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that benefits from the projects you implement continue even after the project comes to an end?&nbsp;</strong></div>
<div>
	We are planning to establish one CDP and one Cooperative in every district we cover. This has already been implemented for some projects. We developed this plan with the motive to provide support to communities through cooperatives even after the project ends.</div>
<div>
	&nbsp;</div>',
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			'description' => 'Good Neighbours International is a South Korea based international humanitarian and development organisation.',
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		'Article' => array(
			'id' => '1503',
			'article_category_id' => '137',
			'title' => 'India To Be World’s 3rd Largest Auto Market By 2016',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil, riding on its domestic automotive sales, according to IHS Automotive, a global market information provider. Although the economic growth vulnerability and lower sentiment resulted in market slowdown in 2012 and 2013, India is expected to regain strong growth trend from 2014 onwards, said the Colorado-based firm.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We expect that by 2016, vehicle sales would surpass Brazil, Germany and Japan making India the third largest market,&rdquo; IHS Senior Principal Economist Charles Chesbrough said here.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2012, China, the US and Japan were the top three global automotive markets and India was ranked six after Brazil and Germany in the fourth and fifth positions respectively. Sounding bullish on the Indian market in the mid to long term, IHS said: &ldquo;Investment reform policy will induce better environment for domestic and foreign enterprises. India light vehicle production (is) expected to reach 7 million by 2020.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The implications for auto demand are huge in India and the country has been moving along the penetration path, it said. &ldquo;With demand for vehicles declining in most mature markets in the face of the global recession, high fuel costs and urban driving restrictions, the industry is turning its attention more strongly towards the expanding middle classes in the new powerhouse of China, India, Brazil, Russia and other growing nations,&rdquo; Chesbrough said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growth of automobile sales will not be restricted only to mass market vehicles, IHS said. &ldquo;The favorable Indian market conditions are acting as a catalyst for luxury and premium carmakers, which are receiving impetus from new launches. The top-end carmakers have posted double-digit growth for the quarter ended June 30, 2013,&rdquo; IHS Director James Chao said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to IHS, in terms of production volume, India would move to fourth position in 2020 ahead of Germany and Brazil from its currently sixth spot. IHS said as India develops, its citizens acquire wealth, demand for automobiles will increase as the need of personal transportation rises. &ldquo;It may take a little longer in India because they do not have the infrastructure...but we know about the personal behaviour as people gain wealth, they want freedom, ability to go where they want to go and when they want to go,&rdquo; Chesbrough said. <em>(The Economic Times)</em></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					&nbsp;More Vehicles, Less Roads&nbsp;</h1>
				<div>
					Nepali auto market has expanded at rapid pace in the recent years. The construction of roads and other related infrastructures have contributed to the rise of vehicles sales. According to Economic Survey published by Nepal government last week, on an average, 61 vehicles are sharing one kilometer of road around the country. The total number of registered vehicles has reached 1.5 million by the end of fiscal year 2069/70. The survey reports that vehicle import has increased by 40 per cent annually. More than 142,000 vehicles were sold in FY 2069/70 compared as to 101,000 in previous FY. Increase in remittance, raised income of middle class families and road expansion activities are seen as the key driving factors for increased vehicle sales.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					However, the low availability of roads is seen as major problematic factor. Particularly, with the increase of vehicle sales, Kathmandu valley and other major cities are facing huge traffic congestions on a daily basis. The total length of road around the country reached 24,583 kms by the end of last FY which is very less compared to the number of registered vehicles. The sluggishness in road construction and expansion is also seen as another factor hindering the vehicle sales. The official data has showed that 518 km road was constructed in eight months of last FY which is about 58 per cent less compared to FY 2068/69. According to Tulsi Prasad Sitaula, Secretary at Ministry of Physical Infrastructure and Transport, the roads are constructed only with government investments, which has not brought the expected speed of infrastructure development. &lsquo;Private sector is pouring its investment only in importing vehicles but the roads constructions are not carried out to equalize the investment,&rsquo; he said.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil',
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			'id' => '1502',
			'article_category_id' => '134',
			'title' => '‘We Are Receptive To Private Sector’s Suggestions For PDA’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Ministry of Energy (MoE) is in the process of finalising the Project Development Agreement (PDA) for power projects. The Corporate weekly&rsquo;s <strong>Janardan Baral</strong> and <strong>Bishnu Belbase</strong> spoke to <strong>Bishwa Prakash Pandit</strong>, Secretary at the MoE about the issues of draft PDA, Power Purchase Price and power transmission lines. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Bishwa Prakash Pandit, Secretary, Ministry of Energy" src="/userfiles/images/Bishwa%20Prakash%20Pandit.jpg" style="width: 175px; height: 181px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Bishwa Prakash Pandit</strong></div>
				<div>
					Secretary</div>
				<div>
					Ministry of Energy</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<strong>The Ministry of Energy (MoE) is about to finalise the template for Power Development Agreement (PDA). What are the major provisions?&nbsp;</strong></div>
<div>
	The Electricity Act of 2049 still exists and foreign and local investors develop the projects remaining within the parameters set in that Act. The PDA is being practiced in recent years throughout the world to increase the security of investment. Private sector entrepreneurs in Nepal too want PDA system. Frequent changes in policies and tax rates have increased the cost in hydro power development and there are risks posed by natural settings as well. The PDA template will include the issue of how such risks are to be shared. We have included this under &lsquo;force majeure&rsquo;. Similarly, the issue of quality and security are also addressed in the PDA template. As the project is eventually to be transferred to the government, the quality issue is important. The social responsibility of the developer is also necessary to be included. The process of handing over the project to the government and disputes settlement mechanisms are also being included.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>To what extent are the private sector&rsquo;s suggestions going to be included in the PDA template?&nbsp;</strong></div>
<div>
	The private sector&rsquo;s suggestions are largely included in the template. The PDA will balance the profit interest of the private sector with the national interests.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>It is said that the PDA drafted by the MoE is not bankable. Why did not the MoE take care about making the PDA bankable?&nbsp;</strong></div>
<div>
	We do understand that the PDA should be bankable. In case the current template is not bankable then we want suggestions from the private sector to make it so. We are preparing the PDA template to make it private sector friendly and have been receptive to the private sector&rsquo;s suggestions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Most of the power projects developed by the government suffer time and cost overrun. Why?&nbsp;</strong></div>
<div>
	Nepal is still in the process of drafting the constitution. Political instability has continued in Nepal for quite long. And is the main cause of time overrun in projects. Similarly, frequent change in government brings change in the leadership of the power projects programmes. Also the practice of starting a project without enough funds arranged is to blame for this. Similarly, there is the challenge of getting the support from local communities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Independent Power Producers&rsquo; Association of Nepal (IPPAN) has urged for change in the Power Purchase rates. How is it possible to consider their demand when the only buyer Nepal Electricity Authority (NEA) is in perpetual loss?&nbsp;</strong></div>
<div>
	It is said that the reason behind NEA&rsquo;s loss is the low electricity tariff. The government has a policy to revise the tariff as required by the time. NEA has thus formed a committee to prepare a model power purchase agreement so as to accommodate the view that the power price should be based on generation cost. The committee is considering also the view that a certain Internal Rate of Return should be assured to the developers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Why is the delay in inking PPA with the &lsquo;super-six&rsquo; hydropower projects?&nbsp;</strong></div>
<div>
	The government has entrusted the super-six hydropower projects to private power producers selected through a bidding process. But the government is not able to fulfill its commitment regarding these projects. However, the MoE is determined to fulfill those commitments. The problem of these projects is lack of transmission lines. Current FY budget has allocated funds for development of these transmission lines. But this budget allocation alone is not enough to hope that there will be transmission lines. I believe that there has been a great mistake of granting license for the super-six projects before the development of transmission lines. We collected money from the private sector but could not prepare the transmission lines on time. Therefore, the private sector is suffering a lot in this regard. Thus, I commit to create situation for these super-six projects to start construction as soon as possible.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Private sector power producers have been asking for PPA in US dollars and NEA is refusing it. This discourages foreign investment. Is it possible to develop hydropower only from domestic investment?&nbsp;</strong></div>
<div>
	PPA in US dollar will not make any difference if the generated electricity is exported. Nepal&rsquo;s currency is not strong enough and costs have increased by signing PPA for Khimti and Bhote Koshi projects in US dollars. This experience is the reason why NEA is hesitating from PPA in US dollars. The MoE, however, has formed a committee to work for agreements in US dollars.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>FY 2013\14 budget has allocated Rs 13 billion for the hydropower and energy sector, focusing on development of transmission lines. Will the transmission line problem be solved now?&nbsp;</strong></div>
<div>
	It is necessary to have a sufficient budget for transmission lines. Foreign grants are included in the budget for the development of transmission lines. But for land acquisition, which is one of the major problems for the transmission lines, the government itself should allocate a budget from its own resources. This is lacking in the budget. We are currently in dialogue with the Ministry of Finance to solve this problem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>The budget did not address the demand of the private developers for a waiver of VAT on construction materials used by power projects and other demands of the private sector. Why is this so?&nbsp;</strong></div>
<div>
	We are in the discussion about such demands from the private sector. A conclusion is yet to be arrived at on this. So it was not included in the budget. We are, however, determined to encourage the private investors.&nbsp;</div>
<div>
	&nbsp;</div>',
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			'description' => 'The Ministry of Energy (MoE) is in the process of finalising the Project Development Agreement (PDA) for power projects.',
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	(int) 3 => array(
		'Article' => array(
			'id' => '1501',
			'article_category_id' => '122',
			'title' => 'VOITH: A Tale Of Struggle, Conviction And Patience',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Ritu Singh Vaidya, Managing Director , United Traders Syndicate Pvt Ltd" src="/userfiles/images/ritusingh.jpg" style="width: 175px; height: 193px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Ritu Singh Vaidya</strong></div>
				<div>
					Managing Director</div>
				<div>
					United Traders Syndicate Pvt Ltd</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people. The group started as United Trade Syndicate, a company that imports automobiles, has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Inception&nbsp;</strong></div>
<div>
	VOITH was established in Kathmandu 40 years ago by an enterprising young man, late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya was initially involved in the political movement of Nepal to overthrow the Rana oligarchy and also worked for 11 years in different institutions including USAID and Ministry for Foreign Affairs until he realized that nothing would interest him except working under his own leadership and self vision.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya gave up everything just to initiate his own business. With just $700 in his pocket, he ventured into the business journey to Japan on December 18, 1967. After continuous and regular meetings with the officials of Toyota Company in Japan, who were initially skeptical about his ability, eventually signed an agreement with the company on selling their vehicles in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Upon his arrival, Vaidya established United Traders Syndicate (UTS) Pvt Ltd and sold 97 vehicles, 91 more than the targets set by the Toyota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After four-decades, Toyota, which was introduced to the customers by the UTS for the first time in Nepal, is still one of the dominant brands in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Started from the UTS dealing automobiles, the VOITH has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Behind the meteoric rise of the organization as one of the largest business house, there are the tales of struggle, conviction, hard-work and patience of the organization&rsquo;s founder late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Setting the priorities&nbsp;</strong></div>
<div>
	The organisation accords its priority to industries that contribute greatly to the social upliftment of the Nepali people. Hence, labor-intensive, agro-based industries are VOITH&rsquo;s priorities. And, as it said, it is convinced that such undertakings help raise the living standard of Nepal&rsquo;s poorest people, the bulk of whom are farmers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has been continuously serving the people for past four decades. Since its inception, the organization is putting the farmers at its center of focus. It strives to bring joy and success into the community of the common farmers through professional development and modernization of the agricultural sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Now, the president of the VOITH President Suraj Vaidya is upholding the legacy of Vaidya group created by his late father Dr Vijay G. Vaidya. Suraj, President of the VOITH, is also leading the umbrella organisation of the business community - Federation of Nepalese Chamber of Commerce and Industries- as its president.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Caring the Nature&nbsp;</strong></div>
<div>
	For many, doing business is all about gaining immediate profits from their investment and deposit the cash in their bank accounts even at the expense of human health or irrespective of the adverse impact it makes on the environment or natural heritages.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, VOITH claims that it has abided by the concept and principle of green environment in the field of industrial and business development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This company has refrained itself from entering into any production that causes harm to human health or adversely challenges the natural heritage.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Management Mantra&nbsp;</strong></div>
<div>
	Vision, commitment, courage, perseverance and hard work are the key mantras for the staffs working in VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Board of Directors sets the overall policy and management guidance for each of the divisions - Trading and Services, Industry, Construction - of VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The VOITH is one of the largest business groups in Nepal and provides employment opportunities to more than 7,000 people, and prides itself in its staff that represents some of the best managerial talent in the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Each division is led by an Executive Director. Regular staff meetings are held that ensures total managerial involvement in the day-to-day operation of VOITH as well as its future planning needs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Corporate Social Responsibilities&nbsp;</strong></div>
<div>
	Though it has made its slogan &ldquo;Little Things We Do&rdquo;, the philanthropy and social services of the VOITH are beyond the merely fulfilling its bit of Corporate Social Responsibility (CSR).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The list of the services that the company has done goes long. To mention few: it provides scholarships to the needy and underprivileged students for the scholarship; builds school buildings, temples; supports sportsperson; involves itself in cleaning campaign as well as renovating and preserving cultural heritages, among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has organized Toyota Women&rsquo;s Motor Rally and the money that was raised was given to a primary school at Hile, Dhankuta in eastern Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Since 2006, VOITH has begun awarding a Toyota car to the most outstanding football player of the year. Likewise, VOITH set up a revolving fund of Rs. 400,000 to organize the tournaments and made available additional funds to manage them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It had donated an Ambulance to the Avyudaya Multipurpose Cooperative at Kalyanpur, Chitwan. It has been providing financial help to dozens of schools across the country. In Chitwan, it has constructed a Reading Room besides providing books and magazines. It has made available Rs. 1 million to Mothers&rsquo; groups to create awareness and expand literacy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Kathmandu, it has built numerous waiting stands at the bus stops for the comfort of passengers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Venturing Next&nbsp;</strong></div>
<div>
	As part of its regular and new launches, VOITH is all set to launch a new model of Toyota car at the end of the August. According to Sahara KC, Marketing Manager at VOITH, Toyota Etios will roll out in the street. This car would cost Rs 3.44 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	KC says those who want to exchange their vehicle with the Toyota Etios will have that opportunity during the launch where bank, insurance and validity counter will also be available.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, Vijaya Academy of Health and Science is scheduled to begin four-year Bachelor degree in affiliation with universities from Australia and Philippines.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Ritu Singh Vaidya, Managing Director of UTS Pvt Ltd, the organization is planning to expand into newer sectors like hydropower, hospitality and education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	She says, &ldquo;Hydropower should be there soon as it is already in the pipeline and we are seriously looking into hospitality. Hopefully, we will be coming with new ventures in the next two years if we don&rsquo;t have external disturbing factors like endless bandhs&nbsp;and political crisis.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="United Traders Syndicate Pvt Ltd" src="/userfiles/images/voith1.jpg" style="width: 500px; height: 397px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					Group&rsquo;s Involvement&nbsp;</h1>
				<div>
					<strong><img alt="automobile" src="/userfiles/images/automobiles(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />Automobiles&nbsp;</strong></div>
				<div>
					The group is sole distributor of Toyota vehicles and Genuine parts for Nepal.&nbsp;</div>
				<div>
					Sole distributor of Chinese vehicles - Yutong (Zhegnzhou Yutong Bus Company) and Shandong Wuzeng Group Co. Ltd. - in Nepal and is working to promote Great Wall Motors as well.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					The company also imports electric bicycles and furnitures.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="tea" src="/userfiles/images/tea(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 42px;" />Tea&nbsp;</strong></div>
				<div>
					It produces high grown orthodox tea. Its scientific method of cultivation is totally bio-organic.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="agriproducts" src="/userfiles/images/Agri%20Products(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 35px;" />Agri-products&nbsp;</strong></div>
				<div>
					The organization is also producing high quality agricultural products.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="construction" src="/userfiles/images/Construction(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 36px;" />Construction&nbsp;</strong></div>
				<div>
					The company is active in the national and international construction.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="education" src="/userfiles/images/Education(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 53px;" />Education&nbsp;</strong></div>
				<div>
					It has planned tor a three-year Proficiency Certificate Level (Undergraduate) Course in Nursing. In future, it will offer four-year Bachelor in Nursing Degree.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong>Achievements of UTS&nbsp;</strong></div>
				<div>
					&bull; UTS has successfully received &ldquo;Toyota Marketing Effort Award&rdquo; in the year 2000 for its outstanding performance.&nbsp;</div>
				<div>
					&bull; UTS has been receiving the &ldquo;Exhibitor Award&rdquo; for the 1st Auto Show 1998 and 2nd Auto Show 2000.&nbsp;</div>
				<div>
					&bull; UTS has also received a ,&ldquo;Double Star&rdquo; Parts and Performance Certificate, which is a part of the Customer Service.&nbsp;</div>
				<div>
					&bull; Award Program from Toyota Motor Corporation (TMC), Japan for the year 2000.&nbsp;</div>
				<div>
					&bull; UTS has been getting consecutively a &ldquo;Double Star&rdquo; Service Performance Certificate, which is a part of the Customer Service Award.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;A recognition of over 30 years of dedicated partnership&rdquo; in the year 2001 from Toyota Motor Corporation.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; in the year 2004 for its outstanding performance from Toyota.&nbsp;</div>
				<div>
					&bull; &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; 2006/2007/2008 from Toyota Motor Corporations.&nbsp;</div>
				<div>
					&bull; UTS was awarded for highest tax paying company at FY 2063/2064 as &ldquo;Customs Distinguished Personality&rdquo;.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people.',
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			'title' => 'Corptoon Issue 24',
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			'id' => '1499',
			'article_category_id' => '91',
			'title' => 'Nepal-India Trade Fair In December',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		<strong style="font-size: 12px;">--By TC Correspondent</strong></div>
</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize &lsquo;Nepal-India Trade Fair 2013&rsquo; on December 1 - 11 in Birgunj. Ashok Kumar Vaidya, President of BiCCi and Madan Lamsal, President of Minds Nepal signed the agreement paper on Saturday, July 27. The fair will be important to boost the industrial market, the tourism sector and business potential in local communities, according to Vaidya. Discussions between national and foreign industrialists about business possibility and challenges will also be carried out in the fair, said Lamsal. Till now, every event has prioritized maximum entertainment; but this fair will focus on skills and business possibilities, he says. The fair is being organized with the expectation to bring skills and technologies from India as India holds a large share of businesses in Nepal, according to Lamsal.</div>
<div>
	&nbsp;</div>',
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			'description' => 'The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize ‘Nepal-India Trade Fair 2013’ on December 1 - 11 in Birgunj.',
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			'title' => '3rd Money Expo In October',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	The third Money Expo is all set to start at the end of October. Aarthik Abhiyan Daily and Jamb Technologies are jointly going to organize &lsquo;Money Expo 2013&rsquo; at Bhrikutimandap in Kathmandu from 31st October to 2nd November. The expo was initiated in 2011 and is billed as the largest finance and investment show in the country, according to organizers. There will be more than 100 stalls from different sectors including banks and financial institutions, stock exchange, commodities exchange, insurance companies and more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The expo will also facilitate discussions on stock markets, investment on infrastructure, collaborative investment, private social mutual understanding, commodities, and micro finance companies. Financial experts, foreign economists, investors, businessmen, members of FNCCI and government regulators will join the discussion. The Money Expo has created a platform for the government to meet its aim of making Nepal a developing country by 2022. Many discussions were carried out to invest remittance money in productive sectors but action is yet to be taken.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The private sector is also demanding for project-focused investment. There is a demand for a lose policy on infrastructural development, industrial development, and to attract foreign investment in business and financial markets.</div>',
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			'description' => 'The third Money Expo is all set to start at the end of October.',
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		'Article' => array(
			'id' => '1497',
			'article_category_id' => '91',
			'title' => 'Additional 46 MW  From The Private Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">&nbsp;--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Private power producers will add 46 MW to the national grid in the fiscal year 2070/71. According to Dr Subarna Das Shrestha, President of Independent Power Producers Association Nepal (IPPAN), the additional power connected to the national grid last year from the private sector was 41.3 MW.</div>
<div>
	&nbsp;</div>
<div>
	The private sector contributed a total of 230 MW of electricity to the national grid till June of the previous fiscal year. The beginning of the present fiscal year saw a generation of 8.4 MW by the Ankhukhola Hydro Project. Officials at the project say that the plant will begin commercial production next week onwards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dr Sandip Shah, Former President of IPPAN said that the private sector can produce more hydroelectricity if the government offers a discount on VAT on construction materials used for hydropower projects. &ldquo;Though the council of ministers has decided to provide Rs 10 million VAT discount per MW, it has not been implemented as the Ministry for Energy has not approved it as yet,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Sher Singh Bhat, Director of Marketing Sector, Nepal Electricity Authority said that after the completion of 70 MW Mid-Marshyangdi hydropower project five years ago, no other hydro projects have been completed from the government.</div>',
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			'description' => 'Private power producers will add 46 MW to the national grid in the fiscal year 2070/71.',
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		'Article' => array(
			'id' => '1496',
			'article_category_id' => '91',
			'title' => 'Budget Deficit Figure Shows Economy In The Red',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The budget deficit figure has put the country&rsquo;s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).</span></div>
<div>
	&nbsp;</div>
<div>
	The estimated budget deficit for the current fiscal year 2013-14 is at Rs 87.70 billion which is equal to 5.15 percent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The budget deficit of FY 2000-01 was at 5.9 percent which declined to 1.5 percent in FY 2001-02. The country&rsquo;s economic situation is considered bad if the budget deficit goes above 5 percent.</div>
<div>
	&nbsp;</div>
<div>
	Previously in the FY 2008-09, the budget deficit was 5.04 per cent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the rise in budget deficit will hamper the effort to achieve targeted 5.5 percent economic growth and fuel inflation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Budget Deficit Figure" src="/userfiles/images/1(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 200px;" />According to economist Prof Dr Bishwambher Pyakuryal, increasing devaluation of local currency and unstable political situation have been constantly hampering the productivity of the country which has fuelled the budget deficit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The deficit will increase further as there is no good prospect of employment opportunities and rise in industrial productivity, he added. Prof Dr Madan Kumar Dahal also holds similar opinions. The increasing fiscal deficit is difficult to manage for Nepal&rsquo;s economy which is based on external loans, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra bank has reduced Cash Reserve Ratio (CRR) but not increased the Credit-Deposit Ratio (CD Ratio) which might ultimately slacken an investment environment, said Dr Dahal who is also the Chairman of Mega Bank Ltd.</div>
<div>
	&nbsp;</div>',
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			'description' => 'The budget deficit figure has put the country’s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).',
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		'Article' => array(
			'id' => '1495',
			'article_category_id' => '34',
			'title' => 'VLCC Launches Advanced Laser Treatment For Unwanted Hair Reduction',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.<br />
	<br />
	&ldquo;At VLCC, our main priority has always been to offer wellness products and services that would allow our customers to look good and feel great,&rdquo; said Vandana Luthra, Founder &amp; Mentor of VLCC. She added, &ldquo;The state-of-the-art FDA-approved Laser treatment that we have launched is the world&rsquo;s most advanced treatment for effective reduction of unwanted hair and we are confident that clients would find our latest service offering beneficial and useful.&rdquo;<br />
	<br />
	The advanced Laser treatment for unwanted hair reduction has a patented chill TipTM cooling hand piece designed to protect the outer layer of skin by decreasing the surface temperature to make the procedure most comfortable. Besides, it has a slight anesthetic effect which enhances the comfort level for the customer. VLCC is widely recognised in India and abroad for its holistic, scientific and completely natural weight-management practices and therapeutic beauty solutions addressing the mind and body. VLCC seamlessly marries scientific weight management programmes with revolutionary skin and hair care treatments. The VLCC centre at Dillibazar in Kathmandu offers unmatched standards in fitness and beauty services that are in keeping with the Group&rsquo;s offerings across 16 countries where it operates. &nbsp;<br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
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			'created' => '2013-07-29',
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			'description' => 'Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1494',
			'article_category_id' => '91',
			'title' => 'KUSOM, Shanker Dev, Ace Ranked As Lead B-Schools',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong style="font-size: 12px;">--By TC Correspondent</strong></p>
<div>
	<div>
		&nbsp;</div>
	<div>
		After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking &amp; Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.</div>
	<div>
		&nbsp;</div>
	<div>
		The study focused on a multi-parameter evaluation of the 40 plus B-Schools participating in the process from all across Nepal. It combined perceptive study by a panel of jury members comprising HR Managers of corporate houses, senior academic and administrative veterans, along with perception analysis of current and past students and empirical data of performance given by the B-Schools themselves on several criteria.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		Based on these data given by the participating 40+ B-Schools and the perceptions of a few current and past students, the jury evaluated the participating schools on a total score of 140. The B-Schools which score above 100 were ranked as per their score to occupy the first nine positions which have 14 B-Schools in total.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		It is interesting to note that the specific sector of travel, tourism and hotel management colleges, the veteran government sector college NATHM (Nepal Academy of Tourism &amp; Hotel Management) comes first, followed very closely by the younger private sector institute, International School of Tourism. Among the younger below ten years life-span institutes, King&rsquo;s College of Kathmandu stood as the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		Among the B-Schools outside the valley, Presidency College of Management of Chitwan comes first, while Crimson and Tilottama Colleges in the Western Region follow closely being the joint Western Region winners. Purvanchal University Management Deptt is the winner from the Eastern Region. There was no participation from the Mid-West and Far-Western Regions of Nepal.</div>
	<div>
		&nbsp;</div>
	<div>
		With regards to distant and online mode of education, International Centre for Academics providing IGNOU courses in Kathmandu emerges the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		&nbsp;The jury consisted of Prof Dr Parasar Koirala, former Dean of Tribhuvan University Faculty of Management, the former Education Secretary of Nepal Dipendra Bikram Thapa, HR Manager of Javra Software Manoj Giri, HR Manager of Everest Bank Limited Kumar Joshi, HR Manager of the Amravati Group Madhu Paudel, and the Managing Director Real Solutions and Merojob.com, Shailendra Raj Giri.</div>
	<div>
		&nbsp;</div>
	<div>
		The panel of guests comprised of some distinguished faces of Nepal. Secretary, Ministry of Urban Development Kishore Thapa, Managing Director, Deurali-Janta Pharmaceuticals,Vice President CNI Hari Bhakta Sharma, CEO Teletalk Sanjay Agarwal, CEO, Everest Bank Ltd. A K Ahluwalia, Chairman, DGM Everest Bank H P Kulkarni, Lomus Group of Companies,VP, FNCCI Pradeep Jung Pandey, Chairman, Panchakanya Group Pradeep K Shrestha, Chairman, IME Group Chandra Dhakal were some of the major guests present. The event was remarked as &ldquo;pathbreaking&rdquo; by Kishore Thapa, &ldquo;essential&rdquo; by Pradeep Jung Pandey, &ldquo;auspicious&rdquo; by Hari Bhakta Sharma and &ldquo;historical&rdquo; by Pradeep Shrestha.</div>
	<div>
		&nbsp;</div>
	<div>
		The project has been headed by the Senior Consultant of NBA, Prof Ujjwal K Chowdhury, the former Dean of Pune-based Symbiosis International University, who has past experience of rating and ranking of business and media schools of India. &ldquo;It has been a learning experience knowing some 40 plus B-Schools of this country, and understanding their best practices, evaluation and placements processes, etc.&rdquo;, he noted.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;A business media like New Business Age and Arthik Abhiyan is expected to contribute to the process of evolution of business education in the society by recognizing the best, setting standards for the same, and encouraging newer entrants as well in the domain,&rdquo; noted Madan Lamsal, Chairman, New Business Age.&nbsp;<span style="font-size: 12px;">While Everest Bank has been the title and naming sponsor of the path-breaking event, Colors Mobile and Prime CA training institute are the associate sponsors, Himalayan TV the satellite partner and Headlines &amp; Music FM the Radio Partner.</span></div>
</div>
<p>
	&nbsp;</p>',
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			'created' => '2013-07-25',
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			'description' => 'After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking & Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.',
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			'id' => '1493',
			'article_category_id' => '146',
			'title' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony</strong><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_2(1).jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_3.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<img alt="Business School Award" src="/userfiles/images/edited_4.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
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			'modified' => '2013-09-10',
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			'description' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sortorder' => '1354',
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		'Article' => array(
			'id' => '1492',
			'article_category_id' => '34',
			'title' => 'Best HS Schools Of Nepal Awarded',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Bureau</strong><br />
	<br />
	GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School, Pokhara, emerged the best school outside the Kathmandu valley and the topper in the Western Region, while Merryland Higher Secondary School of Biratnagar is the topper in the Eastern Region, and Gorkha International Public Higher Secondary School emerged the topper in the Mid-Western Region. A total of 23 Higher Secondary Schools have been placed in the top ten across Nepal.<br />
	<br />
	New Business Age group, which is the fastest growing business media of Nepal, with Nepali daily Aarthik Abhiyan, English monthly New Business Age, and English news-weekly The Corporate, has announced the most comprehensive multi-parameter rating-ranking-awards for the best performing Higher Secondary (Plus 2) Schools of Nepal. The Everest Bank sponsored awards have been backed by co-sponsors like Hero Motor Cycle, CAI, Prime CA, hospitality partner Himalaya Hotel, and media partners Himalaya TV, Headlines &amp; Music FM radio.<br />
	<br />
	At a ceremony held on June 19, Wednesday, at Hotel Himalaya Chief Secretary of Nepal Government Leela Mani Poudyal and other Dignitaries distributed the awards. The ranking was based on the voluntary disclosure of various data related to more than 20 criteria by the interested leading HS schools of Nepal on multiple parameters and also the HS Board results of the schools in the last two years (2068 and 2069 BS).<br />
	<br />
	Most such evaluations by various media are usually based on academic results of HS Board exams. However, such evaluation does not do justice to the holistic growth of the students, especially with regards to sports, cultural activities, social work, prizes and achievements, development measures of weak students, and preparations for higher professional courses. The various parameters considered were HS academic results of two years with 20 points, infra-structure with 10 points (campus size and ownership, rooms, computer and science labs, etc), co-curricular activities, ECA, sports and social work together 20 points, faculty numbers and qualification, library and teaching tools etc together 20 points, preparation for and success in higher professional courses after HS with 10 points, and various other smaller parameters together being 20 points (like, integrating parents in the system, collaborations at national and international levels, etc).<br />
	<br />
	The entire project, close to the heart of the NewBiz Chairman Madan Lamsal, has been conducted over two months by a team led by Prof Ujjwal K Chowdhury, former Dean of Symbiosis International University, Pune, India. The Jury included eminent persons like senior educationists Prof Dinesh Chapagain and Dr Bijay KC, younger educationists like Narottam Aryal (Executive Director, King&rsquo;s College), Roshee Lamichchane, (Faculty, KCM), eminent bankers like PK Mohapatra (CEO, Everest Bank), Sujit Mundul (Director, Standard Chartered bank Nepal), corporate professionals like Suman Shakya (CEO, Digitainment), Chang Agarwal (Director, Himalaya TV), Sajita Joshi (Product Manager, Asian Pharmaceuticals).<br />
	<br />
	The initiative is designed to contribute to the understanding and practice of holistic multi-dimensional school education at plus 2 level, and not just focus on academic results of HS exams, and it also balances the inputs of the education system with the output in various forms of marks, awards, social work, higher professional admission, etc.<br />
	<br />
	Several members of the jury also made useful suggestions for future evaluations. Suggestions made by jury members include that along with number and qualification of teachers, the aspect of quality of teaching also needs to be quantified. Further, along with activities and awards of the school, also the aspects of discipline and culture of the school need to be incorporated. Further, along with success in engineering, medical and management admissions, also success in social sciences admissions in higher education should be considered. Further, along with batch-size, admission criteria and applicants for admission need to be taken into the ambit of rating and ranking of schools. &ldquo;These and other issues shall be incorporated in the next similar evaluation in 2014,&rdquo; noted Prof Chowdhury.<br />
	<br />
	<br />
	<strong>OVERALL RESULTS: </strong><br />
	<br />
	23 Schools Shared the Top 10 Positions<br />
	<br />
	1. GoldenGate International College, Kathmandu<br />
	2. Ace Higher Secondary School, Kathmandu<br />
	3. Kathmandu Model Higher Secondary School, Kathmandu<br />
	4. Xavier International College, Kathmandu / Nobel Academy, Kathmandu<br />
	5. Gandaki Higher Secondary Boarding School, Pokhara (w) / Little Angels H.S.S., HattibanLalitpur<br />
	6. Global College, Kathmandu<br />
	7. Reliance International HSS, Kathmandu / Merryland H.S.S, Biratnagar (E)<br />
	8. Gyanodaya Bal Batika Higher Secondary School, Lalitpur / Premier International H.S.S, New Baneshwor<br />
	9. St. Lawerence College, Kathmadnu<br />
	10. Nepal Police Higher Secondary School, Kavre / Sagarmatha H.S.S, Pokhara, kaski / The Times International College, Kathmandu / Tilottama Higher Secondary School, Butwal (w) / Xavier Academy College, Kathamandu / Gorkha International Public H.S.S, Dang (mid-west) / Cobass College, Biratnagar (E) / National Institute Of Science &amp; Technologym, Kathamandu / Whitefield College, Kathmandu</p>',
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			'description' => 'GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School,',
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			'id' => '1491',
			'article_category_id' => '34',
			'title' => 'Qatar Airways Regional Conference Held In Nepal',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>ISC regional conference participants</strong><br />
	<br />
	Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.<br />
	<br />
	With a theme of &ldquo;Own the Business&rdquo;, participants from senior executives and country managers to commercial and sales managers attended the conference. The participants discussed the regional opportunities, challenges and developed strategies for the region to reach new heights to the 5-star carrier. The two days conference was combined with a team building exercise on the second day.<br />
	<br />
	Qatar Airways operates 4 flights daily and 28 flights weekly from Kathmandu to Doha. In this context, Nepal seemed to be a promising destination for the business conference and workshop besides being an ideal tourist destination. &nbsp;<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-24',
			'modified' => '2013-07-24',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.',
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	(int) 14 => array(
		'Article' => array(
			'id' => '1490',
			'article_category_id' => '150',
			'title' => 'Business Briefs (22-28 July 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/prostyle.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 92px;" />Prostyle to Sponsor Manhunt&nbsp;</strong></span></div>
<div>
	Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year&rsquo;s Manhunt International Nepal 2013. Nepali men between 18 to 30 years with good personality and a minimum height of 5&rsquo;8&rdquo; can apply for the contest. The last date of application submission is 31st July, 2013. The finale will be held on 28 Septepmber 2013 at Army Officers&rsquo; Club, Kathmandu. The winner of this contest will participate in Manhunt International 2013 going to be held in November 2013 in China.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/amtrip.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 52px;" />Amtrip&rsquo;s Myanmar Experience&nbsp;</strong></span></div>
<div>
	Amtrip Pvt Ltd has launched a tour package &lsquo;Myanmar Experience&rsquo; which the company claims to be one of a kind travel experience for its customers. The package tour of seven nights and eight days includes a direct flight to Mandalay from Kathmandu, accommodation in three, four or five star hotel of choice, all meals, four domestic flights within Myanmar from Mandaly to Yangon, Bagan and Inle and back, travel and medical insurance and all airport taxes among other services. The tour date has been scheduled for 8 September, 2013 &ndash; 15 September 2013 and the bookings are now open.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/khadka.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Khadka Becomes Pulsar&rsquo;s Brand Ambassador&nbsp;</strong></span></div>
<div>
	HH Bajaj, the authorized distributor of Bajaj motorbikes in Nepal, has officially declared Paras Khadka, Captain of The Nepal Cricket Team as the brand ambassador for Pulsar motorbike. Khadka will endorse the brand for a period of three years and will feature in its promotional campaigns and activities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/beed.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 64px;" />Beed Gets Consulting Contract in Rwanda&nbsp;</strong></span></div>
<div>
	Beed Management Private Limited (beed), Nepal&rsquo;s premier management consulting and financial advisory services firm has won a global bid to work on a consulting contract with the Government of Rwanda. The project involves establishing a cable car project on the highest peak in Rwanda Mount Karisimbi with a project cost of USD 35 million. The ecotourism corridor envisages establishing a 260 square kilometer area to promote eco-tourism so as to make Rwanda the premier eco-tourism destination in Central and East Africa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/bfiesta.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />White House B-Fiesta in August&nbsp;</strong></span></div>
<div>
	Himalayan White House College is going to organize &lsquo;2nd Inter-college B-Fiesta 2013&rsquo; on 16th and 17th of August 2013 at Trade Tower, Thapathali. The event will have the participation of students of Bachelors and Masters students of management stream. According to the college, the event will bring management students from different institutions together in one common platform to compete and communicate through numerous activities. The event will have programmes like quiz contests, art show and fashion show among others</div>
<div>
	&nbsp;</div>',
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			'description' => 'Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year’s Manhunt International Nepal 2013.',
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			'content' => '<div>
	&nbsp;</div>
<div>
	Good Neighbours International is a South Korea based international humanitarian and development organisation. <strong>Devi Ram Bhat</strong>, the Operation Manager of Good Neighbours International Nepal spoke to <strong>Sweta Sharma</strong> of The Corporate weekly, sharing the organisation&rsquo;s plans, projects and success thus far. <strong>Excerpts:&nbsp;</strong></div>
<div>
	&nbsp;</div>
<div>
	<strong><img alt="" src="/userfiles/images/Devi%20Ram%20Bhat%2C.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 200px; height: 239px;" />What is the biggest achievement of your organisation so far in Nepal?&nbsp;</strong></div>
<div>
	Good Neighbours has been working in Nepal for 11 years and has been successful in providing education to 23,000 children in this period. This is what we measure as our best achievement till date. Also, several families have been successful in generating income on their own with the help of the training we provide. Fourteen hundred children have been included in piloting for health insurance. We have also spent more than 50 percent of our funds in providing education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What are the main community development projects supported by Good Neighbours International in Nepal?&nbsp;</strong></div>
<div>
	In 2009, we started Community Development Projects (CDP) with the motive to support child education, public health and income generation for a number of communities. We now have 18 projects in 11 districts. The projects include support for education, child protection programs, health care services and vocational training classes to help residents increase their income.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Apart from projects that are being operated, what new projects are in line for Nepal?&nbsp;</strong></div>
<div>
	We have already completed our feasibility study in Gorkha and Kaski districts to start our projects. Apart from this, we have no new projects in line. If we are to start any, it will only be after 2015 because we cannot start new projects without the permission of the Social Welfare Association of Nepal (SWAN).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What operational challenges are you facing to run projects in Nepal?&nbsp;</strong></div>
<div>
	There have been challenges but we considered them as opportunities. The main one was to overcome geographical hurdles as it was the main hindrance for the implementation of our projects. We are also facing high dependency of communities over our organisation. They might mistake our support as being lifelong, which can increase their dependency. But we are providing communities with vocational training to reduce their dependency. Similarly, schools that we support for children&rsquo;s education are holding high expectations from us. Political instability too cannot be missed in the list of challenges.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the main source of your funding? What is your annual total investment in Nepal?&nbsp;</strong></div>
<div>
	Our main donor is South Korea where we have our headquarter. Japan and USA are also supporting our organisation to some extent. We get support through sponsorship programs and not directly from any company. We have negotiated with the Nepali government for an annual investment of Rs 29.62 million. In 2012, our total annual investment was Rs 23.41 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How beneficial have cookstoves projects been for Nepal?&nbsp;</strong></div>
<div>
	We have not initiated cookstoves projects in Nepal as yet. Some volunteers from our organisation have done some research about cookstoves. This project is carried out in Cambodia. We don&rsquo;t have any plans to start such projects in Nepal right now.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that the service you provide to a community is actually useful to them?&nbsp;</strong></div>
<div>
	As I already mentioned, we have 18 projects which have their own offices in different districts. Every project has 10-35 staff persons and we provide services through those offices. So we are quite sure of our service being served to the community.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>What is the response from the government so far? Is the government helpful in Good Neighbours&rsquo; initiatives?&nbsp;</strong></div>
<div>
	Every governmental and non-governmental organisation is supposed to work under the government&rsquo;s territory. So in this regard, we are thankful to the government for letting our organisation provide service to communities in Nepal. We have a very good negotiation with the government regarding our projects and services to communities here. Overall, we are positive towards the government and vice versa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>How do you ensure that benefits from the projects you implement continue even after the project comes to an end?&nbsp;</strong></div>
<div>
	We are planning to establish one CDP and one Cooperative in every district we cover. This has already been implemented for some projects. We developed this plan with the motive to provide support to communities through cooperatives even after the project ends.</div>
<div>
	&nbsp;</div>',
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		'Article' => array(
			'id' => '1503',
			'article_category_id' => '137',
			'title' => 'India To Be World’s 3rd Largest Auto Market By 2016',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil, riding on its domestic automotive sales, according to IHS Automotive, a global market information provider. Although the economic growth vulnerability and lower sentiment resulted in market slowdown in 2012 and 2013, India is expected to regain strong growth trend from 2014 onwards, said the Colorado-based firm.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&ldquo;We expect that by 2016, vehicle sales would surpass Brazil, Germany and Japan making India the third largest market,&rdquo; IHS Senior Principal Economist Charles Chesbrough said here.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In 2012, China, the US and Japan were the top three global automotive markets and India was ranked six after Brazil and Germany in the fourth and fifth positions respectively. Sounding bullish on the Indian market in the mid to long term, IHS said: &ldquo;Investment reform policy will induce better environment for domestic and foreign enterprises. India light vehicle production (is) expected to reach 7 million by 2020.&rdquo;&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The implications for auto demand are huge in India and the country has been moving along the penetration path, it said. &ldquo;With demand for vehicles declining in most mature markets in the face of the global recession, high fuel costs and urban driving restrictions, the industry is turning its attention more strongly towards the expanding middle classes in the new powerhouse of China, India, Brazil, Russia and other growing nations,&rdquo; Chesbrough said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The growth of automobile sales will not be restricted only to mass market vehicles, IHS said. &ldquo;The favorable Indian market conditions are acting as a catalyst for luxury and premium carmakers, which are receiving impetus from new launches. The top-end carmakers have posted double-digit growth for the quarter ended June 30, 2013,&rdquo; IHS Director James Chao said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to IHS, in terms of production volume, India would move to fourth position in 2020 ahead of Germany and Brazil from its currently sixth spot. IHS said as India develops, its citizens acquire wealth, demand for automobiles will increase as the need of personal transportation rises. &ldquo;It may take a little longer in India because they do not have the infrastructure...but we know about the personal behaviour as people gain wealth, they want freedom, ability to go where they want to go and when they want to go,&rdquo; Chesbrough said. <em>(The Economic Times)</em></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					&nbsp;More Vehicles, Less Roads&nbsp;</h1>
				<div>
					Nepali auto market has expanded at rapid pace in the recent years. The construction of roads and other related infrastructures have contributed to the rise of vehicles sales. According to Economic Survey published by Nepal government last week, on an average, 61 vehicles are sharing one kilometer of road around the country. The total number of registered vehicles has reached 1.5 million by the end of fiscal year 2069/70. The survey reports that vehicle import has increased by 40 per cent annually. More than 142,000 vehicles were sold in FY 2069/70 compared as to 101,000 in previous FY. Increase in remittance, raised income of middle class families and road expansion activities are seen as the key driving factors for increased vehicle sales.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					However, the low availability of roads is seen as major problematic factor. Particularly, with the increase of vehicle sales, Kathmandu valley and other major cities are facing huge traffic congestions on a daily basis. The total length of road around the country reached 24,583 kms by the end of last FY which is very less compared to the number of registered vehicles. The sluggishness in road construction and expansion is also seen as another factor hindering the vehicle sales. The official data has showed that 518 km road was constructed in eight months of last FY which is about 58 per cent less compared to FY 2068/69. According to Tulsi Prasad Sitaula, Secretary at Ministry of Physical Infrastructure and Transport, the roads are constructed only with government investments, which has not brought the expected speed of infrastructure development. &lsquo;Private sector is pouring its investment only in importing vehicles but the roads constructions are not carried out to equalize the investment,&rsquo; he said.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
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			'description' => 'India will become the third largest automotive market in the world by 2016 ahead of Japan, Germany and Brazil',
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	(int) 2 => array(
		'Article' => array(
			'id' => '1502',
			'article_category_id' => '134',
			'title' => '‘We Are Receptive To Private Sector’s Suggestions For PDA’',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Ministry of Energy (MoE) is in the process of finalising the Project Development Agreement (PDA) for power projects. The Corporate weekly&rsquo;s <strong>Janardan Baral</strong> and <strong>Bishnu Belbase</strong> spoke to <strong>Bishwa Prakash Pandit</strong>, Secretary at the MoE about the issues of draft PDA, Power Purchase Price and power transmission lines. <strong>Excerpts:</strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Bishwa Prakash Pandit, Secretary, Ministry of Energy" src="/userfiles/images/Bishwa%20Prakash%20Pandit.jpg" style="width: 175px; height: 181px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Bishwa Prakash Pandit</strong></div>
				<div>
					Secretary</div>
				<div>
					Ministry of Energy</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	<strong>The Ministry of Energy (MoE) is about to finalise the template for Power Development Agreement (PDA). What are the major provisions?&nbsp;</strong></div>
<div>
	The Electricity Act of 2049 still exists and foreign and local investors develop the projects remaining within the parameters set in that Act. The PDA is being practiced in recent years throughout the world to increase the security of investment. Private sector entrepreneurs in Nepal too want PDA system. Frequent changes in policies and tax rates have increased the cost in hydro power development and there are risks posed by natural settings as well. The PDA template will include the issue of how such risks are to be shared. We have included this under &lsquo;force majeure&rsquo;. Similarly, the issue of quality and security are also addressed in the PDA template. As the project is eventually to be transferred to the government, the quality issue is important. The social responsibility of the developer is also necessary to be included. The process of handing over the project to the government and disputes settlement mechanisms are also being included.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>To what extent are the private sector&rsquo;s suggestions going to be included in the PDA template?&nbsp;</strong></div>
<div>
	The private sector&rsquo;s suggestions are largely included in the template. The PDA will balance the profit interest of the private sector with the national interests.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>It is said that the PDA drafted by the MoE is not bankable. Why did not the MoE take care about making the PDA bankable?&nbsp;</strong></div>
<div>
	We do understand that the PDA should be bankable. In case the current template is not bankable then we want suggestions from the private sector to make it so. We are preparing the PDA template to make it private sector friendly and have been receptive to the private sector&rsquo;s suggestions.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Most of the power projects developed by the government suffer time and cost overrun. Why?&nbsp;</strong></div>
<div>
	Nepal is still in the process of drafting the constitution. Political instability has continued in Nepal for quite long. And is the main cause of time overrun in projects. Similarly, frequent change in government brings change in the leadership of the power projects programmes. Also the practice of starting a project without enough funds arranged is to blame for this. Similarly, there is the challenge of getting the support from local communities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Independent Power Producers&rsquo; Association of Nepal (IPPAN) has urged for change in the Power Purchase rates. How is it possible to consider their demand when the only buyer Nepal Electricity Authority (NEA) is in perpetual loss?&nbsp;</strong></div>
<div>
	It is said that the reason behind NEA&rsquo;s loss is the low electricity tariff. The government has a policy to revise the tariff as required by the time. NEA has thus formed a committee to prepare a model power purchase agreement so as to accommodate the view that the power price should be based on generation cost. The committee is considering also the view that a certain Internal Rate of Return should be assured to the developers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Why is the delay in inking PPA with the &lsquo;super-six&rsquo; hydropower projects?&nbsp;</strong></div>
<div>
	The government has entrusted the super-six hydropower projects to private power producers selected through a bidding process. But the government is not able to fulfill its commitment regarding these projects. However, the MoE is determined to fulfill those commitments. The problem of these projects is lack of transmission lines. Current FY budget has allocated funds for development of these transmission lines. But this budget allocation alone is not enough to hope that there will be transmission lines. I believe that there has been a great mistake of granting license for the super-six projects before the development of transmission lines. We collected money from the private sector but could not prepare the transmission lines on time. Therefore, the private sector is suffering a lot in this regard. Thus, I commit to create situation for these super-six projects to start construction as soon as possible.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Private sector power producers have been asking for PPA in US dollars and NEA is refusing it. This discourages foreign investment. Is it possible to develop hydropower only from domestic investment?&nbsp;</strong></div>
<div>
	PPA in US dollar will not make any difference if the generated electricity is exported. Nepal&rsquo;s currency is not strong enough and costs have increased by signing PPA for Khimti and Bhote Koshi projects in US dollars. This experience is the reason why NEA is hesitating from PPA in US dollars. The MoE, however, has formed a committee to work for agreements in US dollars.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>FY 2013\14 budget has allocated Rs 13 billion for the hydropower and energy sector, focusing on development of transmission lines. Will the transmission line problem be solved now?&nbsp;</strong></div>
<div>
	It is necessary to have a sufficient budget for transmission lines. Foreign grants are included in the budget for the development of transmission lines. But for land acquisition, which is one of the major problems for the transmission lines, the government itself should allocate a budget from its own resources. This is lacking in the budget. We are currently in dialogue with the Ministry of Finance to solve this problem.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>The budget did not address the demand of the private developers for a waiver of VAT on construction materials used by power projects and other demands of the private sector. Why is this so?&nbsp;</strong></div>
<div>
	We are in the discussion about such demands from the private sector. A conclusion is yet to be arrived at on this. So it was not included in the budget. We are, however, determined to encourage the private investors.&nbsp;</div>
<div>
	&nbsp;</div>',
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		'Article' => array(
			'id' => '1501',
			'article_category_id' => '122',
			'title' => 'VOITH: A Tale Of Struggle, Conviction And Patience',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	&nbsp;</div>
<div>
	<strong><span style="font-size: 12px;">--By Sagar Ghimire</span></strong></div>
<div>
	&nbsp;</div>
<table align="right" border="0" cellpadding="1" cellspacing="1">
	<tbody>
		<tr>
			<td>
				<img alt="Ritu Singh Vaidya, Managing Director , United Traders Syndicate Pvt Ltd" src="/userfiles/images/ritusingh.jpg" style="width: 175px; height: 193px;" /></td>
		</tr>
		<tr>
			<td style="text-align: center;">
				<div>
					<strong>Ritu Singh Vaidya</strong></div>
				<div>
					Managing Director</div>
				<div>
					United Traders Syndicate Pvt Ltd</div>
			</td>
		</tr>
	</tbody>
</table>
<div>
	Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people. The group started as United Trade Syndicate, a company that imports automobiles, has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Inception&nbsp;</strong></div>
<div>
	VOITH was established in Kathmandu 40 years ago by an enterprising young man, late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya was initially involved in the political movement of Nepal to overthrow the Rana oligarchy and also worked for 11 years in different institutions including USAID and Ministry for Foreign Affairs until he realized that nothing would interest him except working under his own leadership and self vision.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Vaidya gave up everything just to initiate his own business. With just $700 in his pocket, he ventured into the business journey to Japan on December 18, 1967. After continuous and regular meetings with the officials of Toyota Company in Japan, who were initially skeptical about his ability, eventually signed an agreement with the company on selling their vehicles in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Upon his arrival, Vaidya established United Traders Syndicate (UTS) Pvt Ltd and sold 97 vehicles, 91 more than the targets set by the Toyota.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	After four-decades, Toyota, which was introduced to the customers by the UTS for the first time in Nepal, is still one of the dominant brands in Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Started from the UTS dealing automobiles, the VOITH has now expanded its business ranging from education to construction and from tea to agro products.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Behind the meteoric rise of the organization as one of the largest business house, there are the tales of struggle, conviction, hard-work and patience of the organization&rsquo;s founder late Dr Vijay G. Vaidya.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Setting the priorities&nbsp;</strong></div>
<div>
	The organisation accords its priority to industries that contribute greatly to the social upliftment of the Nepali people. Hence, labor-intensive, agro-based industries are VOITH&rsquo;s priorities. And, as it said, it is convinced that such undertakings help raise the living standard of Nepal&rsquo;s poorest people, the bulk of whom are farmers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has been continuously serving the people for past four decades. Since its inception, the organization is putting the farmers at its center of focus. It strives to bring joy and success into the community of the common farmers through professional development and modernization of the agricultural sector.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Now, the president of the VOITH President Suraj Vaidya is upholding the legacy of Vaidya group created by his late father Dr Vijay G. Vaidya. Suraj, President of the VOITH, is also leading the umbrella organisation of the business community - Federation of Nepalese Chamber of Commerce and Industries- as its president.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Caring the Nature&nbsp;</strong></div>
<div>
	For many, doing business is all about gaining immediate profits from their investment and deposit the cash in their bank accounts even at the expense of human health or irrespective of the adverse impact it makes on the environment or natural heritages.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	However, VOITH claims that it has abided by the concept and principle of green environment in the field of industrial and business development.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	This company has refrained itself from entering into any production that causes harm to human health or adversely challenges the natural heritage.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Management Mantra&nbsp;</strong></div>
<div>
	Vision, commitment, courage, perseverance and hard work are the key mantras for the staffs working in VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The Board of Directors sets the overall policy and management guidance for each of the divisions - Trading and Services, Industry, Construction - of VOITH.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The VOITH is one of the largest business groups in Nepal and provides employment opportunities to more than 7,000 people, and prides itself in its staff that represents some of the best managerial talent in the country.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Each division is led by an Executive Director. Regular staff meetings are held that ensures total managerial involvement in the day-to-day operation of VOITH as well as its future planning needs.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Corporate Social Responsibilities&nbsp;</strong></div>
<div>
	Though it has made its slogan &ldquo;Little Things We Do&rdquo;, the philanthropy and social services of the VOITH are beyond the merely fulfilling its bit of Corporate Social Responsibility (CSR).&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The list of the services that the company has done goes long. To mention few: it provides scholarships to the needy and underprivileged students for the scholarship; builds school buildings, temples; supports sportsperson; involves itself in cleaning campaign as well as renovating and preserving cultural heritages, among others.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	VOITH has organized Toyota Women&rsquo;s Motor Rally and the money that was raised was given to a primary school at Hile, Dhankuta in eastern Nepal.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Since 2006, VOITH has begun awarding a Toyota car to the most outstanding football player of the year. Likewise, VOITH set up a revolving fund of Rs. 400,000 to organize the tournaments and made available additional funds to manage them.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	It had donated an Ambulance to the Avyudaya Multipurpose Cooperative at Kalyanpur, Chitwan. It has been providing financial help to dozens of schools across the country. In Chitwan, it has constructed a Reading Room besides providing books and magazines. It has made available Rs. 1 million to Mothers&rsquo; groups to create awareness and expand literacy.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	In Kathmandu, it has built numerous waiting stands at the bus stops for the comfort of passengers.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<strong>Venturing Next&nbsp;</strong></div>
<div>
	As part of its regular and new launches, VOITH is all set to launch a new model of Toyota car at the end of the August. According to Sahara KC, Marketing Manager at VOITH, Toyota Etios will roll out in the street. This car would cost Rs 3.44 million.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	KC says those who want to exchange their vehicle with the Toyota Etios will have that opportunity during the launch where bank, insurance and validity counter will also be available.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Likewise, Vijaya Academy of Health and Science is scheduled to begin four-year Bachelor degree in affiliation with universities from Australia and Philippines.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	According to Ritu Singh Vaidya, Managing Director of UTS Pvt Ltd, the organization is planning to expand into newer sectors like hydropower, hospitality and education.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	She says, &ldquo;Hydropower should be there soon as it is already in the pipeline and we are seriously looking into hospitality. Hopefully, we will be coming with new ventures in the next two years if we don&rsquo;t have external disturbing factors like endless bandhs&nbsp;and political crisis.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="United Traders Syndicate Pvt Ltd" src="/userfiles/images/voith1.jpg" style="width: 500px; height: 397px;" /></div>
<div>
	&nbsp;</div>
<table border="0" cellpadding="10" width="99%">
	<tbody>
		<tr>
			<td bgcolor="#FFFFFF">
				<h1>
					Group&rsquo;s Involvement&nbsp;</h1>
				<div>
					<strong><img alt="automobile" src="/userfiles/images/automobiles(2).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 62px;" />Automobiles&nbsp;</strong></div>
				<div>
					The group is sole distributor of Toyota vehicles and Genuine parts for Nepal.&nbsp;</div>
				<div>
					Sole distributor of Chinese vehicles - Yutong (Zhegnzhou Yutong Bus Company) and Shandong Wuzeng Group Co. Ltd. - in Nepal and is working to promote Great Wall Motors as well.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					The company also imports electric bicycles and furnitures.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="tea" src="/userfiles/images/tea(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 42px;" />Tea&nbsp;</strong></div>
				<div>
					It produces high grown orthodox tea. Its scientific method of cultivation is totally bio-organic.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="agriproducts" src="/userfiles/images/Agri%20Products(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 35px;" />Agri-products&nbsp;</strong></div>
				<div>
					The organization is also producing high quality agricultural products.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="construction" src="/userfiles/images/Construction(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 36px;" />Construction&nbsp;</strong></div>
				<div>
					The company is active in the national and international construction.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong><img alt="education" src="/userfiles/images/Education(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 80px; height: 53px;" />Education&nbsp;</strong></div>
				<div>
					It has planned tor a three-year Proficiency Certificate Level (Undergraduate) Course in Nursing. In future, it will offer four-year Bachelor in Nursing Degree.&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					&nbsp;</div>
				<div>
					<strong>Achievements of UTS&nbsp;</strong></div>
				<div>
					&bull; UTS has successfully received &ldquo;Toyota Marketing Effort Award&rdquo; in the year 2000 for its outstanding performance.&nbsp;</div>
				<div>
					&bull; UTS has been receiving the &ldquo;Exhibitor Award&rdquo; for the 1st Auto Show 1998 and 2nd Auto Show 2000.&nbsp;</div>
				<div>
					&bull; UTS has also received a ,&ldquo;Double Star&rdquo; Parts and Performance Certificate, which is a part of the Customer Service.&nbsp;</div>
				<div>
					&bull; Award Program from Toyota Motor Corporation (TMC), Japan for the year 2000.&nbsp;</div>
				<div>
					&bull; UTS has been getting consecutively a &ldquo;Double Star&rdquo; Service Performance Certificate, which is a part of the Customer Service Award.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;A recognition of over 30 years of dedicated partnership&rdquo; in the year 2001 from Toyota Motor Corporation.&nbsp;</div>
				<div>
					&bull; UTS has received &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; in the year 2004 for its outstanding performance from Toyota.&nbsp;</div>
				<div>
					&bull; &ldquo;Toyota Marketing Award for Excellence (Vehicle)&rdquo; 2006/2007/2008 from Toyota Motor Corporations.&nbsp;</div>
				<div>
					&bull; UTS was awarded for highest tax paying company at FY 2063/2064 as &ldquo;Customs Distinguished Personality&rdquo;.</div>
			</td>
		</tr>
	</tbody>
</table>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-29',
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			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Vaidya Organization of Industries and Trading Houses (VOITH), one of the largest business groups in Nepal has generated employment opportunities to more than 7,000 people.',
			'sortorder' => '1362',
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			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1500',
			'article_category_id' => '160',
			'title' => 'Corptoon 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' => 'Corptoon',
			'sortorder' => '1361',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '1499',
			'article_category_id' => '91',
			'title' => 'Nepal-India Trade Fair In December',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<div>
		<strong style="font-size: 12px;">--By TC Correspondent</strong></div>
</div>
<div>
	&nbsp;</div>
<div>
	The Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize &lsquo;Nepal-India Trade Fair 2013&rsquo; on December 1 - 11 in Birgunj. Ashok Kumar Vaidya, President of BiCCi and Madan Lamsal, President of Minds Nepal signed the agreement paper on Saturday, July 27. The fair will be important to boost the industrial market, the tourism sector and business potential in local communities, according to Vaidya. Discussions between national and foreign industrialists about business possibility and challenges will also be carried out in the fair, said Lamsal. Till now, every event has prioritized maximum entertainment; but this fair will focus on skills and business possibilities, he says. The fair is being organized with the expectation to bring skills and technologies from India as India holds a large share of businesses in Nepal, according to Lamsal.</div>
<div>
	&nbsp;</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 Birgunj Chamber of Commerce and Industry (BiCCI) and Minds Nepal are going to organize ‘Nepal-India Trade Fair 2013’ on December 1 - 11 in Birgunj.',
			'sortorder' => '1360',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '1498',
			'article_category_id' => '91',
			'title' => '3rd Money Expo In October',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	The third Money Expo is all set to start at the end of October. Aarthik Abhiyan Daily and Jamb Technologies are jointly going to organize &lsquo;Money Expo 2013&rsquo; at Bhrikutimandap in Kathmandu from 31st October to 2nd November. The expo was initiated in 2011 and is billed as the largest finance and investment show in the country, according to organizers. There will be more than 100 stalls from different sectors including banks and financial institutions, stock exchange, commodities exchange, insurance companies and more.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The expo will also facilitate discussions on stock markets, investment on infrastructure, collaborative investment, private social mutual understanding, commodities, and micro finance companies. Financial experts, foreign economists, investors, businessmen, members of FNCCI and government regulators will join the discussion. The Money Expo has created a platform for the government to meet its aim of making Nepal a developing country by 2022. Many discussions were carried out to invest remittance money in productive sectors but action is yet to be taken.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The private sector is also demanding for project-focused investment. There is a demand for a lose policy on infrastructural development, industrial development, and to attract foreign investment in business and financial markets.</div>',
			'published' => true,
			'created' => '2013-07-29',
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			'description' => 'The third Money Expo is all set to start at the end of October.',
			'sortorder' => '1359',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '1497',
			'article_category_id' => '91',
			'title' => 'Additional 46 MW  From The Private Sector',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">&nbsp;--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	Private power producers will add 46 MW to the national grid in the fiscal year 2070/71. According to Dr Subarna Das Shrestha, President of Independent Power Producers Association Nepal (IPPAN), the additional power connected to the national grid last year from the private sector was 41.3 MW.</div>
<div>
	&nbsp;</div>
<div>
	The private sector contributed a total of 230 MW of electricity to the national grid till June of the previous fiscal year. The beginning of the present fiscal year saw a generation of 8.4 MW by the Ankhukhola Hydro Project. Officials at the project say that the plant will begin commercial production next week onwards.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Dr Sandip Shah, Former President of IPPAN said that the private sector can produce more hydroelectricity if the government offers a discount on VAT on construction materials used for hydropower projects. &ldquo;Though the council of ministers has decided to provide Rs 10 million VAT discount per MW, it has not been implemented as the Ministry for Energy has not approved it as yet,&rdquo; he said.</div>
<div>
	&nbsp;</div>
<div>
	Sher Singh Bhat, Director of Marketing Sector, Nepal Electricity Authority said that after the completion of 70 MW Mid-Marshyangdi hydropower project five years ago, no other hydro projects have been completed from the government.</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' => 'Private power producers will add 46 MW to the national grid in the fiscal year 2070/71.',
			'sortorder' => '1358',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1496',
			'article_category_id' => '91',
			'title' => 'Budget Deficit Figure Shows Economy In The Red',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size: 12px;">The budget deficit figure has put the country&rsquo;s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).</span></div>
<div>
	&nbsp;</div>
<div>
	The estimated budget deficit for the current fiscal year 2013-14 is at Rs 87.70 billion which is equal to 5.15 percent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The budget deficit of FY 2000-01 was at 5.9 percent which declined to 1.5 percent in FY 2001-02. The country&rsquo;s economic situation is considered bad if the budget deficit goes above 5 percent.</div>
<div>
	&nbsp;</div>
<div>
	Previously in the FY 2008-09, the budget deficit was 5.04 per cent of GDP.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Experts opine that the rise in budget deficit will hamper the effort to achieve targeted 5.5 percent economic growth and fuel inflation.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<img alt="Budget Deficit Figure" src="/userfiles/images/1(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 300px; height: 200px;" />According to economist Prof Dr Bishwambher Pyakuryal, increasing devaluation of local currency and unstable political situation have been constantly hampering the productivity of the country which has fuelled the budget deficit.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	The deficit will increase further as there is no good prospect of employment opportunities and rise in industrial productivity, he added. Prof Dr Madan Kumar Dahal also holds similar opinions. The increasing fiscal deficit is difficult to manage for Nepal&rsquo;s economy which is based on external loans, he said.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	Nepal Rastra bank has reduced Cash Reserve Ratio (CRR) but not increased the Credit-Deposit Ratio (CD Ratio) which might ultimately slacken an investment environment, said Dr Dahal who is also the Chairman of Mega Bank Ltd.</div>
<div>
	&nbsp;</div>',
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			'description' => 'The budget deficit figure has put the country’s economy in the red with the overall deficit figure crossing five percent of Gross Domestic Product (GDP), according to the preliminary estimation of Nepal Rastra Bank (NRB).',
			'sortorder' => '1357',
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	(int) 9 => array(
		'Article' => array(
			'id' => '1495',
			'article_category_id' => '34',
			'title' => 'VLCC Launches Advanced Laser Treatment For Unwanted Hair Reduction',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.<br />
	<br />
	&ldquo;At VLCC, our main priority has always been to offer wellness products and services that would allow our customers to look good and feel great,&rdquo; said Vandana Luthra, Founder &amp; Mentor of VLCC. She added, &ldquo;The state-of-the-art FDA-approved Laser treatment that we have launched is the world&rsquo;s most advanced treatment for effective reduction of unwanted hair and we are confident that clients would find our latest service offering beneficial and useful.&rdquo;<br />
	<br />
	The advanced Laser treatment for unwanted hair reduction has a patented chill TipTM cooling hand piece designed to protect the outer layer of skin by decreasing the surface temperature to make the procedure most comfortable. Besides, it has a slight anesthetic effect which enhances the comfort level for the customer. VLCC is widely recognised in India and abroad for its holistic, scientific and completely natural weight-management practices and therapeutic beauty solutions addressing the mind and body. VLCC seamlessly marries scientific weight management programmes with revolutionary skin and hair care treatments. The VLCC centre at Dillibazar in Kathmandu offers unmatched standards in fitness and beauty services that are in keeping with the Group&rsquo;s offerings across 16 countries where it operates. &nbsp;<br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-29',
			'modified' => '0000-00-00',
			'keywords' => 'new business age biz news news & articles, biz news news & articles from new business age nepal, biz news headlines from nepal,  current and latest biz news news from nepal, economic news from nepal, nepali biz news economic news and events,  ongoing biz news news of nepal',
			'description' => 'Premier wellness company VLCC formally launched an advanced laser treatment facility for men and women. The launch took place at its Slimming, Beauty and Fitness centre at Dillibazar to provide customers a safe and efficacious solution for the removal of unwanted hair. Noted actor Priyanka Karki launched the laser hair reduction service at the VLCC centre.',
			'sortorder' => '1356',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '1494',
			'article_category_id' => '91',
			'title' => 'KUSOM, Shanker Dev, Ace Ranked As Lead B-Schools',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	&nbsp;</p>
<p>
	<strong style="font-size: 12px;">--By TC Correspondent</strong></p>
<div>
	<div>
		&nbsp;</div>
	<div>
		After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking &amp; Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.</div>
	<div>
		&nbsp;</div>
	<div>
		The study focused on a multi-parameter evaluation of the 40 plus B-Schools participating in the process from all across Nepal. It combined perceptive study by a panel of jury members comprising HR Managers of corporate houses, senior academic and administrative veterans, along with perception analysis of current and past students and empirical data of performance given by the B-Schools themselves on several criteria.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		Based on these data given by the participating 40+ B-Schools and the perceptions of a few current and past students, the jury evaluated the participating schools on a total score of 140. The B-Schools which score above 100 were ranked as per their score to occupy the first nine positions which have 14 B-Schools in total.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		It is interesting to note that the specific sector of travel, tourism and hotel management colleges, the veteran government sector college NATHM (Nepal Academy of Tourism &amp; Hotel Management) comes first, followed very closely by the younger private sector institute, International School of Tourism. Among the younger below ten years life-span institutes, King&rsquo;s College of Kathmandu stood as the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		Among the B-Schools outside the valley, Presidency College of Management of Chitwan comes first, while Crimson and Tilottama Colleges in the Western Region follow closely being the joint Western Region winners. Purvanchal University Management Deptt is the winner from the Eastern Region. There was no participation from the Mid-West and Far-Western Regions of Nepal.</div>
	<div>
		&nbsp;</div>
	<div>
		With regards to distant and online mode of education, International Centre for Academics providing IGNOU courses in Kathmandu emerges the winner.</div>
	<div>
		&nbsp;</div>
	<div>
		&nbsp;The jury consisted of Prof Dr Parasar Koirala, former Dean of Tribhuvan University Faculty of Management, the former Education Secretary of Nepal Dipendra Bikram Thapa, HR Manager of Javra Software Manoj Giri, HR Manager of Everest Bank Limited Kumar Joshi, HR Manager of the Amravati Group Madhu Paudel, and the Managing Director Real Solutions and Merojob.com, Shailendra Raj Giri.</div>
	<div>
		&nbsp;</div>
	<div>
		The panel of guests comprised of some distinguished faces of Nepal. Secretary, Ministry of Urban Development Kishore Thapa, Managing Director, Deurali-Janta Pharmaceuticals,Vice President CNI Hari Bhakta Sharma, CEO Teletalk Sanjay Agarwal, CEO, Everest Bank Ltd. A K Ahluwalia, Chairman, DGM Everest Bank H P Kulkarni, Lomus Group of Companies,VP, FNCCI Pradeep Jung Pandey, Chairman, Panchakanya Group Pradeep K Shrestha, Chairman, IME Group Chandra Dhakal were some of the major guests present. The event was remarked as &ldquo;pathbreaking&rdquo; by Kishore Thapa, &ldquo;essential&rdquo; by Pradeep Jung Pandey, &ldquo;auspicious&rdquo; by Hari Bhakta Sharma and &ldquo;historical&rdquo; by Pradeep Shrestha.</div>
	<div>
		&nbsp;</div>
	<div>
		The project has been headed by the Senior Consultant of NBA, Prof Ujjwal K Chowdhury, the former Dean of Pune-based Symbiosis International University, who has past experience of rating and ranking of business and media schools of India. &ldquo;It has been a learning experience knowing some 40 plus B-Schools of this country, and understanding their best practices, evaluation and placements processes, etc.&rdquo;, he noted.&nbsp;</div>
	<div>
		&nbsp;</div>
	<div>
		&ldquo;A business media like New Business Age and Arthik Abhiyan is expected to contribute to the process of evolution of business education in the society by recognizing the best, setting standards for the same, and encouraging newer entrants as well in the domain,&rdquo; noted Madan Lamsal, Chairman, New Business Age.&nbsp;<span style="font-size: 12px;">While Everest Bank has been the title and naming sponsor of the path-breaking event, Colors Mobile and Prime CA training institute are the associate sponsors, Himalayan TV the satellite partner and Headlines &amp; Music FM the Radio Partner.</span></div>
</div>
<p>
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'After two months long detailed study conducted by the New Business Team and the jury process held recently, the Kathmandu University School of Management emerges as the top Business School of Nepal in the Everest Bank National B-Schools Rating Ranking & Awards, with Shanker Dev Campus coming second and Ace School of Management coming third.',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1493',
			'article_category_id' => '146',
			'title' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<br />
	<strong>Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony</strong><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_2(1).jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<img alt="Business School" src="/userfiles/images/edited_3.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<img alt="Business School Award" src="/userfiles/images/edited_4.jpg" style="margin: 10px; width: 500px; height: 294px;" /><br />
	<br />
	<br />
	<br />
	&nbsp;</p>',
			'published' => true,
			'created' => '2013-07-25',
			'modified' => '2013-09-10',
			'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' => 'Glimpses Of Everest Bank Higher Secondary Rating-Ranking Award Ceremony',
			'sortorder' => '1354',
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	(int) 12 => array(
		'Article' => array(
			'id' => '1492',
			'article_category_id' => '34',
			'title' => 'Best HS Schools Of Nepal Awarded',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Bureau</strong><br />
	<br />
	GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School, Pokhara, emerged the best school outside the Kathmandu valley and the topper in the Western Region, while Merryland Higher Secondary School of Biratnagar is the topper in the Eastern Region, and Gorkha International Public Higher Secondary School emerged the topper in the Mid-Western Region. A total of 23 Higher Secondary Schools have been placed in the top ten across Nepal.<br />
	<br />
	New Business Age group, which is the fastest growing business media of Nepal, with Nepali daily Aarthik Abhiyan, English monthly New Business Age, and English news-weekly The Corporate, has announced the most comprehensive multi-parameter rating-ranking-awards for the best performing Higher Secondary (Plus 2) Schools of Nepal. The Everest Bank sponsored awards have been backed by co-sponsors like Hero Motor Cycle, CAI, Prime CA, hospitality partner Himalaya Hotel, and media partners Himalaya TV, Headlines &amp; Music FM radio.<br />
	<br />
	At a ceremony held on June 19, Wednesday, at Hotel Himalaya Chief Secretary of Nepal Government Leela Mani Poudyal and other Dignitaries distributed the awards. The ranking was based on the voluntary disclosure of various data related to more than 20 criteria by the interested leading HS schools of Nepal on multiple parameters and also the HS Board results of the schools in the last two years (2068 and 2069 BS).<br />
	<br />
	Most such evaluations by various media are usually based on academic results of HS Board exams. However, such evaluation does not do justice to the holistic growth of the students, especially with regards to sports, cultural activities, social work, prizes and achievements, development measures of weak students, and preparations for higher professional courses. The various parameters considered were HS academic results of two years with 20 points, infra-structure with 10 points (campus size and ownership, rooms, computer and science labs, etc), co-curricular activities, ECA, sports and social work together 20 points, faculty numbers and qualification, library and teaching tools etc together 20 points, preparation for and success in higher professional courses after HS with 10 points, and various other smaller parameters together being 20 points (like, integrating parents in the system, collaborations at national and international levels, etc).<br />
	<br />
	The entire project, close to the heart of the NewBiz Chairman Madan Lamsal, has been conducted over two months by a team led by Prof Ujjwal K Chowdhury, former Dean of Symbiosis International University, Pune, India. The Jury included eminent persons like senior educationists Prof Dinesh Chapagain and Dr Bijay KC, younger educationists like Narottam Aryal (Executive Director, King&rsquo;s College), Roshee Lamichchane, (Faculty, KCM), eminent bankers like PK Mohapatra (CEO, Everest Bank), Sujit Mundul (Director, Standard Chartered bank Nepal), corporate professionals like Suman Shakya (CEO, Digitainment), Chang Agarwal (Director, Himalaya TV), Sajita Joshi (Product Manager, Asian Pharmaceuticals).<br />
	<br />
	The initiative is designed to contribute to the understanding and practice of holistic multi-dimensional school education at plus 2 level, and not just focus on academic results of HS exams, and it also balances the inputs of the education system with the output in various forms of marks, awards, social work, higher professional admission, etc.<br />
	<br />
	Several members of the jury also made useful suggestions for future evaluations. Suggestions made by jury members include that along with number and qualification of teachers, the aspect of quality of teaching also needs to be quantified. Further, along with activities and awards of the school, also the aspects of discipline and culture of the school need to be incorporated. Further, along with success in engineering, medical and management admissions, also success in social sciences admissions in higher education should be considered. Further, along with batch-size, admission criteria and applicants for admission need to be taken into the ambit of rating and ranking of schools. &ldquo;These and other issues shall be incorporated in the next similar evaluation in 2014,&rdquo; noted Prof Chowdhury.<br />
	<br />
	<br />
	<strong>OVERALL RESULTS: </strong><br />
	<br />
	23 Schools Shared the Top 10 Positions<br />
	<br />
	1. GoldenGate International College, Kathmandu<br />
	2. Ace Higher Secondary School, Kathmandu<br />
	3. Kathmandu Model Higher Secondary School, Kathmandu<br />
	4. Xavier International College, Kathmandu / Nobel Academy, Kathmandu<br />
	5. Gandaki Higher Secondary Boarding School, Pokhara (w) / Little Angels H.S.S., HattibanLalitpur<br />
	6. Global College, Kathmandu<br />
	7. Reliance International HSS, Kathmandu / Merryland H.S.S, Biratnagar (E)<br />
	8. Gyanodaya Bal Batika Higher Secondary School, Lalitpur / Premier International H.S.S, New Baneshwor<br />
	9. St. Lawerence College, Kathmadnu<br />
	10. Nepal Police Higher Secondary School, Kavre / Sagarmatha H.S.S, Pokhara, kaski / The Times International College, Kathmandu / Tilottama Higher Secondary School, Butwal (w) / Xavier Academy College, Kathamandu / Gorkha International Public H.S.S, Dang (mid-west) / Cobass College, Biratnagar (E) / National Institute Of Science &amp; Technologym, Kathamandu / Whitefield College, Kathmandu</p>',
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			'description' => 'GoldenGate International College of Kathmandu has emerged as the best all-round HS School of Nepal, with Ace Higher Secondary School and Kathmandu Model Higher Secondary School coming close as first and second runners up in the NewBiz organized Everest Bank HS Schools Rating-Ranking- Awards initiative. Gandaki Higher Secondary Boarding School,',
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			'id' => '1491',
			'article_category_id' => '34',
			'title' => 'Qatar Airways Regional Conference Held In Nepal',
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	<strong>ISC regional conference participants</strong><br />
	<br />
	Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.<br />
	<br />
	With a theme of &ldquo;Own the Business&rdquo;, participants from senior executives and country managers to commercial and sales managers attended the conference. The participants discussed the regional opportunities, challenges and developed strategies for the region to reach new heights to the 5-star carrier. The two days conference was combined with a team building exercise on the second day.<br />
	<br />
	Qatar Airways operates 4 flights daily and 28 flights weekly from Kathmandu to Doha. In this context, Nepal seemed to be a promising destination for the business conference and workshop besides being an ideal tourist destination. &nbsp;<br />
	&nbsp;</p>',
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			'created' => '2013-07-24',
			'modified' => '2013-07-24',
			'keywords' => 'new business age biz launches news & articles, biz launches news & articles from new business age nepal, biz launches headlines from nepal,  current and latest biz launches news from nepal, economic news from nepal, nepali biz launches economic news and events,  ongoing biz launches news of nepal',
			'description' => 'Qatar Airways concluded its two days Regional Conference at Soaltee Crown Plaza in Kathmandu for the first time. The two days event was attended by participants from seven countries. Qatar Airways have been hosting international events for many years now, and this is the first time ever that they have hosted a conference in Nepal. It shows that Qatar Airways supports Nepal Tourism and also opened up an opportunity for Nepal to hold such big business events in the future.',
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	(int) 14 => array(
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			'id' => '1490',
			'article_category_id' => '150',
			'title' => 'Business Briefs (22-28 July 2013)',
			'sub_title' => '',
			'summary' => null,
			'content' => '<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/prostyle.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 92px;" />Prostyle to Sponsor Manhunt&nbsp;</strong></span></div>
<div>
	Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year&rsquo;s Manhunt International Nepal 2013. Nepali men between 18 to 30 years with good personality and a minimum height of 5&rsquo;8&rdquo; can apply for the contest. The last date of application submission is 31st July, 2013. The finale will be held on 28 Septepmber 2013 at Army Officers&rsquo; Club, Kathmandu. The winner of this contest will participate in Manhunt International 2013 going to be held in November 2013 in China.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/amtrip.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 52px;" />Amtrip&rsquo;s Myanmar Experience&nbsp;</strong></span></div>
<div>
	Amtrip Pvt Ltd has launched a tour package &lsquo;Myanmar Experience&rsquo; which the company claims to be one of a kind travel experience for its customers. The package tour of seven nights and eight days includes a direct flight to Mandalay from Kathmandu, accommodation in three, four or five star hotel of choice, all meals, four domestic flights within Myanmar from Mandaly to Yangon, Bagan and Inle and back, travel and medical insurance and all airport taxes among other services. The tour date has been scheduled for 8 September, 2013 &ndash; 15 September 2013 and the bookings are now open.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/khadka.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 69px;" />Khadka Becomes Pulsar&rsquo;s Brand Ambassador&nbsp;</strong></span></div>
<div>
	HH Bajaj, the authorized distributor of Bajaj motorbikes in Nepal, has officially declared Paras Khadka, Captain of The Nepal Cricket Team as the brand ambassador for Pulsar motorbike. Khadka will endorse the brand for a period of three years and will feature in its promotional campaigns and activities.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/beed.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 64px;" />Beed Gets Consulting Contract in Rwanda&nbsp;</strong></span></div>
<div>
	Beed Management Private Limited (beed), Nepal&rsquo;s premier management consulting and financial advisory services firm has won a global bid to work on a consulting contract with the Government of Rwanda. The project involves establishing a cable car project on the highest peak in Rwanda Mount Karisimbi with a project cost of USD 35 million. The ecotourism corridor envisages establishing a 260 square kilometer area to promote eco-tourism so as to make Rwanda the premier eco-tourism destination in Central and East Africa.&nbsp;</div>
<div>
	&nbsp;</div>
<div>
	<span style="font-size:14px;"><strong><img alt="" src="/userfiles/images/bfiesta.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 73px;" />White House B-Fiesta in August&nbsp;</strong></span></div>
<div>
	Himalayan White House College is going to organize &lsquo;2nd Inter-college B-Fiesta 2013&rsquo; on 16th and 17th of August 2013 at Trade Tower, Thapathali. The event will have the participation of students of Bachelors and Masters students of management stream. According to the college, the event will bring management students from different institutions together in one common platform to compete and communicate through numerous activities. The event will have programmes like quiz contests, art show and fashion show among others</div>
<div>
	&nbsp;</div>',
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			'description' => 'Dabur Nepal has signed an MoU with Group of Event Entertainer (GEE) to have Dabur brand Prostyle has the sponsor of this year’s Manhunt International Nepal 2013.',
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FOREX

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

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

Bullion

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

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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