Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '1233',
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			'title' => 'NIDC Sales Nabil’s Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	NIDC Development Bank Ltd has sold 1235144 shares of Nabil Bank Ltd through bidding process. The minimum starting price per share for bidding puropse has been kept Rs 1002. The bank has stated to bid under the secret bidding process till June 30. The current market price of the Nabil Bank is at Rs 1728. The bidder can bid minimum number of 100 scrips.<br />
	<br />
	 </p>',
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			'title' => 'Demat Of Siddhartha Share',
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			'content' => '<p>
	CDS and Clearing Limited (CDSCL) and Siddhartha Bank has signed an agreement for the dematerilisation of the shares of the bank. Total of 16192443 shares of the bank are going to demat. The agreement was signed by CEO of CDSCL Subodh Sharma Sigdel and CEO of Siddhartha Bank Surendra Bhandari.<br />
	<br />
	 </p>',
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			'sortorder' => '1094',
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			'article_category_id' => '109',
			'title' => 'Financial Sector Demands Drop In Tax Rate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Nepal Banker Association (NBA) has demanded to drop the corporate tax rate on banks to 20 percent from prevailing 40 percent. A delegation led by Ranjan Singh Bhandari, President of NBA called on Finance Minister Shankar Prasad Koirala last week and made the demand. During the meeting, Bhandari stated that the banking sector is fully transparent and has been major contributor in the tax revenue collection of the country. </p>
<p>
	Similarly, the association has demanded to waive the capital gain tax imposed on the sale of the collateral property. It also demanded for the preferential right of the bank on the collateral accepted for the loan. </p>
<p>
	On the occasion, the association also asked for written promise to exempt the tax on the donation that the BFIs make to political parties.<br />
	<br />
	 </p>',
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			'sortorder' => '1093',
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			'id' => '1230',
			'article_category_id' => '109',
			'title' => 'SEBON Celebrates 21st Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-UPNizIJWd58/UdFAu6ZDrhE/AAAAAAAAAW4/E6jDNPMaHyk/s144-c/July1201312.jpg" width="144" /><br />
	<span style="font-size: 16px;"><strong>Emphasis laid to bring non-financial sector into security market</strong></span></p>
<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Securities Board of Nepal (SEBON) celebrated 21st Anniversary on Sunday, June 9. It is the governing body of the security market in Nepal. </p>
<p>
	On the occasion of anniversary programme governor of Nepal Rastra Bank Dr Yuba Raj Khatiwada expressed the necessity of entry of established non-financial sector companies in the security market. </p>
<p>
	He argued that the entry of these sectors in the security market might make them transparent among the public. He also added that high dependency of only on sector is not good for the stock market development. Currently, about 85 percent of the market capitalization of Nepal Stock Exchange (Nepse) is covered by banks and financial institutions. He also stated that there is a need of a strong presence of SEBON at the current volatile market situation. Finally, he promised for any help and coordination needed from the central bank. </p>
<p>
	On the occasion, Baburam Shrestha, Chairman of SEBON said that various basic infrastructures needed for the development of securities market like Credit Rating Company, Central Depository System (CDS), mutual fund have been going on and it will help in boosting the market.<br />
	<br />
	 </p>',
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			'sortorder' => '1092',
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			'id' => '1229',
			'article_category_id' => '109',
			'title' => 'Nepse Drops By 3 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-d7qhBDiyPG4/UdE_ttTSnOE/AAAAAAAAAWo/hVZMYJ-P90M/s144-c/July1201311.jpg" width="144" /></p>
<p>
	<strong>By Rashesh Vaidya&nbsp;</strong></p>
<p>
	Nepse dropped by 3.09 points during previous week. It had closed 497.44 on Sunday, 9th June (the first trading day of the week) and reached 494.36 at the close of Thursday, 13th June (the last trading day of the week). The market floor was openfor five days. </p>
<p>
	In the week, the ‘other’ sub-index dropped the highest by 11.75 points closing at 616.82 points. Similarly, the hydro-power sub-index dropped by 6.54 points. The sub-index came down due to fall in the share price of Butwal Power Company and Chilime Hydropower Company by Rs 15 (closing at Rs 780) and Rs 10 (closing at Rs 1137) respectively At the same time, drop in the profit growth rate of Nepal Telecom has affected in the sentiment of investor which caused fall in the ‘other’ sector sub-index. </p>
<p>
	The hotel sub-index increased the highest (by 10.79 points). There was no change in manufacturing and processing as well as trading sub-indices during the week. </p>
<p>
	Shares of 119 companies were traded at Nepse during the week through 5,175 transactions amounting to Rs 294,491,000. The total number of scrips traded was 1,180,523 which is 70272 scrips less than that of earlier week. </p>
<p>
	Sagarmatha Insurance topped the list in terms of transaction amount (Rs 37,020,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 2,77,907scrips of the fund were traded during the week. </p>
<p>
	Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (863). </p>
<p>
	On Thursday June 13, a total of 1,882,438 scrips of bonus shares of eight companies were listed at Nepse. Similarly, on the same day 157000 ordinary shares of Swarojgar Laghubitta Bikas Bank were also listed at Nepse.</p>
<p>
	<strong>Nepse on Sunday</strong></p>
<p>
	Nepse closed at 494.91 points with an increase of 0.57 points from the Thursday close (June 13). Banking sub-index, development bank sub-index and manufacturing and processing sub-index saw an increment whereas remaining sub-indices saw a drop. The share price of Kamana Bikas Bank gained the highest by Rs 6 per share closing at Rs 130. Similarly, the share price of NB Insurance dropped the highest by Rs 6 per share closing at Rs 57. Total of 280,297 shares were traded amounted to Rs 113,410,218 at Nepse floor.<br />
	<br />
	 </p>',
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			'sortorder' => '1091',
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			'id' => '1228',
			'article_category_id' => '154',
			'title' => 'Ashim Scored Highest Marks In SLC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Asim Ghimire (symbol number 0044365- I), student of the Birtamod-based Little Flowers English Boarding Secondary School, Jhapa secured 93.87 percent in the School Leaving Certificate (SLC) examination 2013.<br />
	<br />
	 </p>',
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			'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',
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			'sortorder' => '1090',
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			'id' => '1227',
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			'title' => 'Robots For Sanitising Kathmandu',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-XDuvQBtJWpw/UdE9fUrPVqE/AAAAAAAAAVc/VKSgpYmJ9gM/s144-c/July1201310.jpg" width="144" /><br />
	Advanced College of Engineering and Management is organising event called sanitizing Kathmandu in the capital this week. As a preparation for the event, Advanced Robotics Club (ARC) has been organising a three-day training programme at Advanced College of Engineering and Management. The event will focus on use of robotics to inform students about process of managing waste of the city, say organizers. In the programme, around 15 student will compete to win by using robots. Students will have to collect table tennis balls as waste, materials using their machines. Organisers claim that the event is an effort to enhance practical knowledge of the students. It would be a great learning experience for the students, organizers say.<br />
	<br />
	 </p>',
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			'sortorder' => '1089',
			'image' => null,
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			'id' => '1226',
			'article_category_id' => '154',
			'title' => 'KU Registrar Appointed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-Z2K0p0cg1eI/UdE9AsfiMYE/AAAAAAAAAVM/5VxVLLAylxw/s144-c/July1201309.jpg" width="144" /><br />
	Dr Bhola Thapa has been appointed as registrar of the Kathmandu University (KU) on June 16. Earlier, the registrar and exam controller of KU had resigned from the posts on June 13. Exam controller, Pushpa Raj Adhikari and Registrar Prof Dr Bhadra Man Tuladhar were forced to quit because of political cause, claims a source.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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',
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			'sortorder' => '1088',
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			'id' => '1225',
			'article_category_id' => '154',
			'title' => 'Indian Education Expo In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-CscSdw51wZQ/UdE8eI_ObbE/AAAAAAAAAVA/3rHGx8wwOmo/s144-c/July1201308.jpg" width="144" /><br />
	The seventh Global Career Boutique 2013 and Indian Education and Career Expo started in Kathmandu on June 14. Various Indian colleges and universities participated in the mega event organised at the Everest Hotel. There were around 10,000 footfalls during the two-day fair organised by the Global Education Counseling Centre (GECC). The fair also provided services such as on-the-spot admission and counseling on education loan.<br />
	<br />
	 </p>',
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			'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',
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			'sortorder' => '1087',
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			'id' => '1224',
			'article_category_id' => '154',
			'title' => 'Career Expo Kicks Off',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ambition Education &amp; Career Expo 2013 kicked off at Bhrikuti Mandap Exhibition Hall in Kathmandu on Thursday. The three-day event was organised with an objective to help students choose appropriate colleges and faculties after finishing School Leaving Certificate (SLC). The event showcased more than 100 stalls of national and international educational institutions and consultancies. <br />
	<br />
	 </p>',
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			'sortorder' => '1086',
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			'id' => '1223',
			'article_category_id' => '154',
			'title' => 'Pakistan Embassy Awards Scholarships',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-LoK5KMWoYok/UdE6ZhCD5dE/AAAAAAAAAUk/FEuZRcD7lFQ/s144-c/July1201307.jpg" width="144" /><br />
	The Pakistani Embassy awarded scholarships to 111 students from schools in and around Kathmandu amid a ceremony at Tilingatar Higher Secondary School, Dhapasi on June 10. Ambassador Arshad Saud Khosa presented cheques for the scholarships to the principals of Tilingatar Higher Secondary School, Shivapuri Higher Secondary School, Manhankal Jana Jagriti Higher Secondary School, Bansbari School, Mahendra Higher Secondary School and National Model Science School. Students from Buddha High School and Janata Higher Secondary School were also awarded during the function.<br />
	<br />
	 </p>',
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			'sortorder' => '1085',
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		'Article' => array(
			'id' => '1222',
			'article_category_id' => '91',
			'title' => 'NIC Asia Bank – Making History',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></p>
<p>
	<span style="font-size: 12px;">&nbsp;Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).&nbsp;</span></p>
<p>
	On the occasion, Nepal Rastra Bank Governor congratulated the newly merged NIC Asia Bank Ltd for becoming one of the top five bank of the country as per its size of capital, branch expansion&nbsp;<span style="font-size: 12px;">and the like. He added that more responsibilities have been added to the newly merged bank. The main objective of the merger of banks is to increase their competitiveness, he further opined.</span></p>
<p>
	He also asked to increase the investment of banks’ credit on manufacturing sector which will be beneficial for the financial stability of banks for long term.&nbsp;</p>
<p>
	This is the first ever merger between two commercial banks in the country’s banking history. After this, the number of commercial banks comes down to 31. Speaking at the same programme, Sashin Joshi, the CEO of NIC Asia Bank Limited asked for reduction of the corporate tax rate to 20 percent from existing 30 percent for next five years for merged banks to encourage further consolidation in the banking industry.&nbsp;</p>
<p>
	In the merger process, 13 branches of the banks at same locations have been amalgamated. Nine branches from outside Kathmandu Valley and four within the valley are thus amalgamated. Similarly, BoAN registered office and NIC Bank corporate office are converted into branch offices. The corporate office of the merged ‘NIC Asia Bank Limited’ is located at Trade Tower, Thapathali, Kathmandu. Similarly, the newly merged bank is also planning to open new branches in other areas within the next year to make up for the number of branches reduced by this amalgamation.&nbsp;</p>
<p>
	The two banks currently have 65 branches, 36 of NIC and 29 of BoAN. The bank has a total of 644 employees and CEO Sachin Joshi said “nobody will be laid off”.&nbsp;</p>
<p>
	The merged entity has a paid-up capital of Rs 2.31 billion, however, its reserves will make the actual capital size exactly double of the figure. Its deposit size is Rs 39 billion and credit Rs 33 billion, making it the fifth largest commercial bank of the country.&nbsp;</p>
<p>
	After the merger, the existing shareholders of BoAN will get additional shares of newly merged NIC Asia Bank on a 2:1 ratio.</p>
<div>
	<img alt="NIC ASIA BANK" height="143" hspace="25" src="https://lh3.googleusercontent.com/-Rxe1DCI1ix8/UdE5L5pyZWI/AAAAAAAAAk0/eCOmwKXapwU/s568/NIC%20Asia.jpg" width="500" /></div>',
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			'description' => 'Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).',
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			'id' => '1221',
			'article_category_id' => '91',
			'title' => 'DJPL On Expansion Mood',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:11px;"><strong><img alt="DJPL" height="333" hspace="25" src="https://lh3.googleusercontent.com/-Q0uldUmuEZM/UdE1nUhoH6I/AAAAAAAAAkY/gWuBFsWBZdA/s360/djpl.jpg" width="500" /><br />
	</strong></span></p>
<p>
	<span style="font-size:11px;"><strong>--By TC Correspondent</strong></span></p>
<p>
	<span style="font-size: 12px;">Deurali Janta Pharmaceuticals Pvt Ltd (DJPL) has launched new division called Nirog to manufacture pain-relief, anti-inflammatory, analgesic and musculoskeletal drugs whose demand has been soaring in the local market in recent years.</span></p>
<p>
	Executive Director Hari Bhakta &nbsp; Sharma said, “This is basically a primary care division of DJPL to produce a ranges of medicines that boost immunity and that are necessary in trauma cases.”&nbsp;</p>
<p>
	&nbsp;Nirog is the fifth division of DJPL, a company with World Health Organization-Good Manufacturing Practice (WHO-GNP).</p>
<p>
	Its other four operating units are DJPL1, DJPL2, Suswasthya and Aarogyam that are currently producing 220 types of drugs holding five per cent share of the domestic market.&nbsp;</p>
<p>
	Sharma said that the new division will help reduce the import of foreign medicines for primary care. With the introduction of new division, DJPL’s total investment has reached Rs 870 million. The company employs a total of 350 persons of which 85 are highly skilled, 55 skilled and 60 technical.&nbsp;</p>
<p>
	The Nepali pharmaceutical companies totaling 45 in number meet less than 40 percent of the country’s demand for medicines. Sharma said that Nepal imports drugs manufactured by 258 foreign pharmaceuticals companies worth Rs 16.6 billion at present and DJPL wants the country to become self-reliant in the medicines. DJPL also provides its products for the research purpose to the foreign universities and media institutions.&nbsp;</p>
<p>
	According to Sharma, DJPL now plants to set up a production plant for manufacturing herbal products and start extensive research on utilizing agro products in medicine industry. It also aims at exporting medicines to at least five international markets within 10 years, Sharma said, adding that the company is also planning to establish a separate division for veterinary medicine.</p>
<p>
	<img alt="DJPL's Divison at a Glance" height="102" hspace="25" src="https://lh4.googleusercontent.com/-dF9OnwkQR44/UdE1m0y3hqI/AAAAAAAAAkU/dXuN3pHzcDs/s912/DJPL%27s%20Divison.jpg" width="500" /></p>
<p>
	 </p>
<p>
	 </p>',
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		'Article' => array(
			'id' => '1220',
			'article_category_id' => '91',
			'title' => 'Budget 2013-14: Demands And Dreams',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari</span></strong></p>
<p>
	&nbsp;Though various sectors have piled their recommendations at the Finance Ministry for the upcoming budget, the ministry sources say those last minute proposals are not going to be considered.&nbsp;</p>
<p>
	The Ministry has received dozens of demands to address through budget, said spokesperson at the Finance Ministry Janma Jaya Regmi. “But we are trying mainly to make the new budget free of political ideology and concentrate on development of various sectors.”&nbsp;</p>
<p>
	He added that the government should follow the budget formulation &nbsp;process and many stakeholders are yet to accept this fact.</p>
<p>
	Sagar Acharya, Deputy Spokesperson of National Planning Commission (NPC) too says that the year’s budget wouldn’t be making drastic changes in the existing policies. It would only give continuation to the existing development projects and fulfill the commitment to the donor agencies, he said.&nbsp;</p>
<p>
	“The main priority of new budget is to hold the election. Similarly, the budget will be concentrating on projects of national pride that include energy, infrastructure development, tourism, commercialization of agriculture and good governance,” said MoF spokesperson Regmi.&nbsp;</p>
<p>
	“The ceiling of upcoming budget is expected to be Rs 506 billion but there has already been demand of around Rs 768 billion from various sectors,” informed Sagar Acharya.</p>
<p>
	Though there is the possibility of slightly revising the budget keeping in view the requirements of various sectors and regions, there won’t be much change in the total budget, he added. Acharya explained, “We are organizing a meeting on July 5-6 with National Development Council which has to submit a three years plan related to budget and expenses to the government. Depending on the feedback of the meeting, the final draft would be put forward only after which the budget writing process will start.”&nbsp;</p>
<p>
	Various organizations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), multilateral/ bilateral donors and others have already asked the government to address their concerns through budget.&nbsp;</p>
<p>
	Regmi said, “Various donor agencies including World Bank, ADB, DFID, and JICA have assured their commitments which have already reached up to Rs 27 billion and it is still increasing.” The amount provided by donor agencies would be invested in the sectors of high priority rather than scattering it across various sectors.”</p>
<p>
	<strong>&nbsp;FNCCI Budget Recommendations</strong></p>
<p>
	• Dedicated industrial grid for power supply.</p>
<p>
	• Increasing price of hydro power produced by private sector.</p>
<p>
	• VAT exemption on all the primary agricultural products.</p>
<p>
	• Provide subsidy also to the private sector for importing chemical fertilizers.</p>
<p>
	• Integrated Act related to Land Acquisition.</p>
<p>
	• Involvement of private sector in supply and distribution of petroleum products.</p>
<p>
	• Tax exemption to personal income of up to Rs 300,000 and family income of up to Rs 350,000 with only 5 per cent income tax on additional Rs 300,000.</p>
<p>
	• Income tax exemption for 5- 10 years to primary sector and secondary sector.</p>
<p>
	FNCCI has also suggested that new budget should be proposed on the last of Falgun, discussed and approved in Chaitra and implemented from Baisakh 1st.</p>
<p>
	<strong>CNI Budget Recommendations&nbsp;</strong></p>
<p>
	• To set “Vision 2080” with aim to increase per-capita income of Nepali to US dollar 3000.&nbsp;</p>
<p>
	• To provide 25 per cent subsidy on the Gross Fixed Assets to the people of backward regions for establishing industries.&nbsp;</p>
<p>
	• Granting Rs 20 million per megawatt as lump sum subsidy to the hydro projects.&nbsp;</p>
<p>
	• Providing 25 per cent exemption on income tax to the industries that employ more than 100 persons.&nbsp;</p>
<p>
	• Introducing or reforming Labour Act, Special Economic Zone Act, Foreign Investment and Technology Transfer Act (FITTA), Anti Dumping and Countervailing Act etc.&nbsp;</p>
<p>
	• Agricultural tools and machinery should be tax free.&nbsp;</p>
<p>
	• Reducing the custom duty on machinery and equipment imported by Nepali construction entrepreneurs.&nbsp;</p>
<p>
	• Removing VAT threshold.&nbsp;</p>
<p>
	• Establish Nepal as country with lowest income tax.</p>
<div>
	 </div>',
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			'title' => 'Feedback April 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><br />
	Media Convergence </strong><br />
	<br />
	The new sources of complexity and uncertainty are seen in the new media. It is seen that the media industry is being pessimistic about the changes in media and its impact on the media business and model. There are many opportunities emerging from media business. Media owners also need to determine the relative importance of advertising to their business. The market too seems to be complex because different consumer patterns emerge. But the reality is, new media will go along with old media behaviour offering consumers with various choices. <br />
	<br />
	<strong>Pramila Olee, Teku, Kathmandu </strong><br />
	<br />
	<br />
	<br />
	<strong>Informative Magazine <br />
	</strong><br />
	I think New Business Age should be one of its kind business magazines in Nepal. Articles are so informative and bring this small nation in sync with the rest of the world. I always thought Nepal is one of the most neglected parts of the world. Happy for my distant Maithil relatives in Nepal. <br />
	<br />
	<strong>Ihitashri Shandilya, Managing Director and CEO, MITHILAsmita Art &amp; Craft Pvt Ltd, INDIA</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Room to Improve </strong><br />
	<br />
	The Look of the New Business Age magazines is very good. What a roundup of advertisers! However the copy editing needs tightening. Copy in some stories seems translated from local news, or written by a person who’s thinking in another language and contains some base errors. Overall however, the construct, background and work in stories are solid. The team has its heart in the right place. <br />
	<br />
	The layout can be made much brighter. Quite a few stories appear in pages with a dull gray background. If this is to differentiate the content in any way, then okay, else brighter colours would make things livelier. Overall, it contains a lot of breadth of content, and a lot of content just overall. You might want to look at having some infographics to cut the sheer river of text. <br />
	<br />
	<strong>Karan Rajpal, rajpalkaran@gmail.com</strong><br />
	<br />
	<br />
	<strong><br />
	Holistic Education </strong><br />
	<br />
	Holistic education basically helps students to find identity and purpose in life by connecting to the community, nature and humanitarian value as a whole. This kind of study also helps them to face the challenges that come up in the life. Though, this education is considered to be very effective to understand human affairs, some argue that such spiritual education is not important for today’s competitive world. Thus, holistic education is mostly considered as costly, requires more skilled teachers and various curricular activities. <br />
	<br />
	<strong>Samrat Thapa, Koteswor, Kathmandu</strong><br />
	<br />
	<br />
	<br />
	<strong><br />
	MBA is not for everyone </strong><br />
	<br />
	Being an MBA student means you are being taught one right answer for one problem. It points out your attribute of who you are, offering your perspectives and experiences to your networking targets. MBA is all about collection of your skills, abilities, successes, failures, fears, dreams and hopes. Getting an MBA degree is certainly to have a horse in the race but at the end, the most important degree one need to possess is Human University. <br />
	<br />
	<strong>Ashish Dhungana, MBA student, Whitehouse College</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Mahakumbh: Mahamarket </strong><br />
	<br />
	It takes great ‘entrepreneur skills’ to see business prospects at a truly religious event of Mahakumbh. Obviously, it is one of the largest events where millions of people visit. And people also mean market for doing business. A religious event need not mean a market for only holy products. Therefore the Mahakumbh was also a market for products ranging from fashion accessories such as jewellery and hair accessories for women to herbal medicines and religious souvenirs. Similarly, the management of the entire event could also be a source of knowledge about management. After all managing such a large event where millions of pilgrims flock takes great management skills and mantras to make it happen successfully. <br />
	<br />
	<strong>Abhishek Karki, Godawari, Lalitpur</strong><br />
	<br />
	<br />
	<br />
	 </p>',
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	NIDC Development Bank Ltd has sold 1235144 shares of Nabil Bank Ltd through bidding process. The minimum starting price per share for bidding puropse has been kept Rs 1002. The bank has stated to bid under the secret bidding process till June 30. The current market price of the Nabil Bank is at Rs 1728. The bidder can bid minimum number of 100 scrips.<br />
	<br />
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	CDS and Clearing Limited (CDSCL) and Siddhartha Bank has signed an agreement for the dematerilisation of the shares of the bank. Total of 16192443 shares of the bank are going to demat. The agreement was signed by CEO of CDSCL Subodh Sharma Sigdel and CEO of Siddhartha Bank Surendra Bhandari.<br />
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			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Nepal Banker Association (NBA) has demanded to drop the corporate tax rate on banks to 20 percent from prevailing 40 percent. A delegation led by Ranjan Singh Bhandari, President of NBA called on Finance Minister Shankar Prasad Koirala last week and made the demand. During the meeting, Bhandari stated that the banking sector is fully transparent and has been major contributor in the tax revenue collection of the country. </p>
<p>
	Similarly, the association has demanded to waive the capital gain tax imposed on the sale of the collateral property. It also demanded for the preferential right of the bank on the collateral accepted for the loan. </p>
<p>
	On the occasion, the association also asked for written promise to exempt the tax on the donation that the BFIs make to political parties.<br />
	<br />
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			'title' => 'SEBON Celebrates 21st Anniversary',
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			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-UPNizIJWd58/UdFAu6ZDrhE/AAAAAAAAAW4/E6jDNPMaHyk/s144-c/July1201312.jpg" width="144" /><br />
	<span style="font-size: 16px;"><strong>Emphasis laid to bring non-financial sector into security market</strong></span></p>
<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Securities Board of Nepal (SEBON) celebrated 21st Anniversary on Sunday, June 9. It is the governing body of the security market in Nepal. </p>
<p>
	On the occasion of anniversary programme governor of Nepal Rastra Bank Dr Yuba Raj Khatiwada expressed the necessity of entry of established non-financial sector companies in the security market. </p>
<p>
	He argued that the entry of these sectors in the security market might make them transparent among the public. He also added that high dependency of only on sector is not good for the stock market development. Currently, about 85 percent of the market capitalization of Nepal Stock Exchange (Nepse) is covered by banks and financial institutions. He also stated that there is a need of a strong presence of SEBON at the current volatile market situation. Finally, he promised for any help and coordination needed from the central bank. </p>
<p>
	On the occasion, Baburam Shrestha, Chairman of SEBON said that various basic infrastructures needed for the development of securities market like Credit Rating Company, Central Depository System (CDS), mutual fund have been going on and it will help in boosting the market.<br />
	<br />
	 </p>',
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			'description' => 'new business age stock taking news & articles, stock taking news & articles from new business age nepal, stock taking headlines from nepal,  current and latest stock taking news from nepal, economic news from nepal, nepali stock taking economic news and events, ongoing stock taking news of nepal',
			'sortorder' => '1092',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1229',
			'article_category_id' => '109',
			'title' => 'Nepse Drops By 3 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-d7qhBDiyPG4/UdE_ttTSnOE/AAAAAAAAAWo/hVZMYJ-P90M/s144-c/July1201311.jpg" width="144" /></p>
<p>
	<strong>By Rashesh Vaidya&nbsp;</strong></p>
<p>
	Nepse dropped by 3.09 points during previous week. It had closed 497.44 on Sunday, 9th June (the first trading day of the week) and reached 494.36 at the close of Thursday, 13th June (the last trading day of the week). The market floor was openfor five days. </p>
<p>
	In the week, the ‘other’ sub-index dropped the highest by 11.75 points closing at 616.82 points. Similarly, the hydro-power sub-index dropped by 6.54 points. The sub-index came down due to fall in the share price of Butwal Power Company and Chilime Hydropower Company by Rs 15 (closing at Rs 780) and Rs 10 (closing at Rs 1137) respectively At the same time, drop in the profit growth rate of Nepal Telecom has affected in the sentiment of investor which caused fall in the ‘other’ sector sub-index. </p>
<p>
	The hotel sub-index increased the highest (by 10.79 points). There was no change in manufacturing and processing as well as trading sub-indices during the week. </p>
<p>
	Shares of 119 companies were traded at Nepse during the week through 5,175 transactions amounting to Rs 294,491,000. The total number of scrips traded was 1,180,523 which is 70272 scrips less than that of earlier week. </p>
<p>
	Sagarmatha Insurance topped the list in terms of transaction amount (Rs 37,020,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 2,77,907scrips of the fund were traded during the week. </p>
<p>
	Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (863). </p>
<p>
	On Thursday June 13, a total of 1,882,438 scrips of bonus shares of eight companies were listed at Nepse. Similarly, on the same day 157000 ordinary shares of Swarojgar Laghubitta Bikas Bank were also listed at Nepse.</p>
<p>
	<strong>Nepse on Sunday</strong></p>
<p>
	Nepse closed at 494.91 points with an increase of 0.57 points from the Thursday close (June 13). Banking sub-index, development bank sub-index and manufacturing and processing sub-index saw an increment whereas remaining sub-indices saw a drop. The share price of Kamana Bikas Bank gained the highest by Rs 6 per share closing at Rs 130. Similarly, the share price of NB Insurance dropped the highest by Rs 6 per share closing at Rs 57. Total of 280,297 shares were traded amounted to Rs 113,410,218 at Nepse floor.<br />
	<br />
	 </p>',
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			'sortorder' => '1091',
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	(int) 5 => array(
		'Article' => array(
			'id' => '1228',
			'article_category_id' => '154',
			'title' => 'Ashim Scored Highest Marks In SLC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Asim Ghimire (symbol number 0044365- I), student of the Birtamod-based Little Flowers English Boarding Secondary School, Jhapa secured 93.87 percent in the School Leaving Certificate (SLC) examination 2013.<br />
	<br />
	 </p>',
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			'created' => '2013-07-01',
			'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',
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			'sortorder' => '1090',
			'image' => null,
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	(int) 6 => array(
		'Article' => array(
			'id' => '1227',
			'article_category_id' => '154',
			'title' => 'Robots For Sanitising Kathmandu',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-XDuvQBtJWpw/UdE9fUrPVqE/AAAAAAAAAVc/VKSgpYmJ9gM/s144-c/July1201310.jpg" width="144" /><br />
	Advanced College of Engineering and Management is organising event called sanitizing Kathmandu in the capital this week. As a preparation for the event, Advanced Robotics Club (ARC) has been organising a three-day training programme at Advanced College of Engineering and Management. The event will focus on use of robotics to inform students about process of managing waste of the city, say organizers. In the programme, around 15 student will compete to win by using robots. Students will have to collect table tennis balls as waste, materials using their machines. Organisers claim that the event is an effort to enhance practical knowledge of the students. It would be a great learning experience for the students, organizers say.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
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			'sortorder' => '1089',
			'image' => null,
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	(int) 7 => array(
		'Article' => array(
			'id' => '1226',
			'article_category_id' => '154',
			'title' => 'KU Registrar Appointed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-Z2K0p0cg1eI/UdE9AsfiMYE/AAAAAAAAAVM/5VxVLLAylxw/s144-c/July1201309.jpg" width="144" /><br />
	Dr Bhola Thapa has been appointed as registrar of the Kathmandu University (KU) on June 16. Earlier, the registrar and exam controller of KU had resigned from the posts on June 13. Exam controller, Pushpa Raj Adhikari and Registrar Prof Dr Bhadra Man Tuladhar were forced to quit because of political cause, claims a source.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1088',
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	(int) 8 => array(
		'Article' => array(
			'id' => '1225',
			'article_category_id' => '154',
			'title' => 'Indian Education Expo In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-CscSdw51wZQ/UdE8eI_ObbE/AAAAAAAAAVA/3rHGx8wwOmo/s144-c/July1201308.jpg" width="144" /><br />
	The seventh Global Career Boutique 2013 and Indian Education and Career Expo started in Kathmandu on June 14. Various Indian colleges and universities participated in the mega event organised at the Everest Hotel. There were around 10,000 footfalls during the two-day fair organised by the Global Education Counseling Centre (GECC). The fair also provided services such as on-the-spot admission and counseling on education loan.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1087',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '1224',
			'article_category_id' => '154',
			'title' => 'Career Expo Kicks Off',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ambition Education &amp; Career Expo 2013 kicked off at Bhrikuti Mandap Exhibition Hall in Kathmandu on Thursday. The three-day event was organised with an objective to help students choose appropriate colleges and faculties after finishing School Leaving Certificate (SLC). The event showcased more than 100 stalls of national and international educational institutions and consultancies. <br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1086',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '1223',
			'article_category_id' => '154',
			'title' => 'Pakistan Embassy Awards Scholarships',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-LoK5KMWoYok/UdE6ZhCD5dE/AAAAAAAAAUk/FEuZRcD7lFQ/s144-c/July1201307.jpg" width="144" /><br />
	The Pakistani Embassy awarded scholarships to 111 students from schools in and around Kathmandu amid a ceremony at Tilingatar Higher Secondary School, Dhapasi on June 10. Ambassador Arshad Saud Khosa presented cheques for the scholarships to the principals of Tilingatar Higher Secondary School, Shivapuri Higher Secondary School, Manhankal Jana Jagriti Higher Secondary School, Bansbari School, Mahendra Higher Secondary School and National Model Science School. Students from Buddha High School and Janata Higher Secondary School were also awarded during the function.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1085',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '1222',
			'article_category_id' => '91',
			'title' => 'NIC Asia Bank – Making History',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></p>
<p>
	<span style="font-size: 12px;">&nbsp;Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).&nbsp;</span></p>
<p>
	On the occasion, Nepal Rastra Bank Governor congratulated the newly merged NIC Asia Bank Ltd for becoming one of the top five bank of the country as per its size of capital, branch expansion&nbsp;<span style="font-size: 12px;">and the like. He added that more responsibilities have been added to the newly merged bank. The main objective of the merger of banks is to increase their competitiveness, he further opined.</span></p>
<p>
	He also asked to increase the investment of banks’ credit on manufacturing sector which will be beneficial for the financial stability of banks for long term.&nbsp;</p>
<p>
	This is the first ever merger between two commercial banks in the country’s banking history. After this, the number of commercial banks comes down to 31. Speaking at the same programme, Sashin Joshi, the CEO of NIC Asia Bank Limited asked for reduction of the corporate tax rate to 20 percent from existing 30 percent for next five years for merged banks to encourage further consolidation in the banking industry.&nbsp;</p>
<p>
	In the merger process, 13 branches of the banks at same locations have been amalgamated. Nine branches from outside Kathmandu Valley and four within the valley are thus amalgamated. Similarly, BoAN registered office and NIC Bank corporate office are converted into branch offices. The corporate office of the merged ‘NIC Asia Bank Limited’ is located at Trade Tower, Thapathali, Kathmandu. Similarly, the newly merged bank is also planning to open new branches in other areas within the next year to make up for the number of branches reduced by this amalgamation.&nbsp;</p>
<p>
	The two banks currently have 65 branches, 36 of NIC and 29 of BoAN. The bank has a total of 644 employees and CEO Sachin Joshi said “nobody will be laid off”.&nbsp;</p>
<p>
	The merged entity has a paid-up capital of Rs 2.31 billion, however, its reserves will make the actual capital size exactly double of the figure. Its deposit size is Rs 39 billion and credit Rs 33 billion, making it the fifth largest commercial bank of the country.&nbsp;</p>
<p>
	After the merger, the existing shareholders of BoAN will get additional shares of newly merged NIC Asia Bank on a 2:1 ratio.</p>
<div>
	<img alt="NIC ASIA BANK" height="143" hspace="25" src="https://lh3.googleusercontent.com/-Rxe1DCI1ix8/UdE5L5pyZWI/AAAAAAAAAk0/eCOmwKXapwU/s568/NIC%20Asia.jpg" width="500" /></div>',
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			'created' => '2013-07-01',
			'modified' => '2013-09-04',
			'keywords' => 'the corporate weekly from Nepal, nepali corporate events – news – interviews – reviews, nepali corporate focus, nepali corporate status and news, news from nepali corporate industry, corporate happenings – events – news from nepal',
			'description' => 'Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).',
			'sortorder' => '1084',
			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '1221',
			'article_category_id' => '91',
			'title' => 'DJPL On Expansion Mood',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:11px;"><strong><img alt="DJPL" height="333" hspace="25" src="https://lh3.googleusercontent.com/-Q0uldUmuEZM/UdE1nUhoH6I/AAAAAAAAAkY/gWuBFsWBZdA/s360/djpl.jpg" width="500" /><br />
	</strong></span></p>
<p>
	<span style="font-size:11px;"><strong>--By TC Correspondent</strong></span></p>
<p>
	<span style="font-size: 12px;">Deurali Janta Pharmaceuticals Pvt Ltd (DJPL) has launched new division called Nirog to manufacture pain-relief, anti-inflammatory, analgesic and musculoskeletal drugs whose demand has been soaring in the local market in recent years.</span></p>
<p>
	Executive Director Hari Bhakta &nbsp; Sharma said, “This is basically a primary care division of DJPL to produce a ranges of medicines that boost immunity and that are necessary in trauma cases.”&nbsp;</p>
<p>
	&nbsp;Nirog is the fifth division of DJPL, a company with World Health Organization-Good Manufacturing Practice (WHO-GNP).</p>
<p>
	Its other four operating units are DJPL1, DJPL2, Suswasthya and Aarogyam that are currently producing 220 types of drugs holding five per cent share of the domestic market.&nbsp;</p>
<p>
	Sharma said that the new division will help reduce the import of foreign medicines for primary care. With the introduction of new division, DJPL’s total investment has reached Rs 870 million. The company employs a total of 350 persons of which 85 are highly skilled, 55 skilled and 60 technical.&nbsp;</p>
<p>
	The Nepali pharmaceutical companies totaling 45 in number meet less than 40 percent of the country’s demand for medicines. Sharma said that Nepal imports drugs manufactured by 258 foreign pharmaceuticals companies worth Rs 16.6 billion at present and DJPL wants the country to become self-reliant in the medicines. DJPL also provides its products for the research purpose to the foreign universities and media institutions.&nbsp;</p>
<p>
	According to Sharma, DJPL now plants to set up a production plant for manufacturing herbal products and start extensive research on utilizing agro products in medicine industry. It also aims at exporting medicines to at least five international markets within 10 years, Sharma said, adding that the company is also planning to establish a separate division for veterinary medicine.</p>
<p>
	<img alt="DJPL's Divison at a Glance" height="102" hspace="25" src="https://lh4.googleusercontent.com/-dF9OnwkQR44/UdE1m0y3hqI/AAAAAAAAAkU/dXuN3pHzcDs/s912/DJPL%27s%20Divison.jpg" width="500" /></p>
<p>
	 </p>
<p>
	 </p>',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1220',
			'article_category_id' => '91',
			'title' => 'Budget 2013-14: Demands And Dreams',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari</span></strong></p>
<p>
	&nbsp;Though various sectors have piled their recommendations at the Finance Ministry for the upcoming budget, the ministry sources say those last minute proposals are not going to be considered.&nbsp;</p>
<p>
	The Ministry has received dozens of demands to address through budget, said spokesperson at the Finance Ministry Janma Jaya Regmi. “But we are trying mainly to make the new budget free of political ideology and concentrate on development of various sectors.”&nbsp;</p>
<p>
	He added that the government should follow the budget formulation &nbsp;process and many stakeholders are yet to accept this fact.</p>
<p>
	Sagar Acharya, Deputy Spokesperson of National Planning Commission (NPC) too says that the year’s budget wouldn’t be making drastic changes in the existing policies. It would only give continuation to the existing development projects and fulfill the commitment to the donor agencies, he said.&nbsp;</p>
<p>
	“The main priority of new budget is to hold the election. Similarly, the budget will be concentrating on projects of national pride that include energy, infrastructure development, tourism, commercialization of agriculture and good governance,” said MoF spokesperson Regmi.&nbsp;</p>
<p>
	“The ceiling of upcoming budget is expected to be Rs 506 billion but there has already been demand of around Rs 768 billion from various sectors,” informed Sagar Acharya.</p>
<p>
	Though there is the possibility of slightly revising the budget keeping in view the requirements of various sectors and regions, there won’t be much change in the total budget, he added. Acharya explained, “We are organizing a meeting on July 5-6 with National Development Council which has to submit a three years plan related to budget and expenses to the government. Depending on the feedback of the meeting, the final draft would be put forward only after which the budget writing process will start.”&nbsp;</p>
<p>
	Various organizations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), multilateral/ bilateral donors and others have already asked the government to address their concerns through budget.&nbsp;</p>
<p>
	Regmi said, “Various donor agencies including World Bank, ADB, DFID, and JICA have assured their commitments which have already reached up to Rs 27 billion and it is still increasing.” The amount provided by donor agencies would be invested in the sectors of high priority rather than scattering it across various sectors.”</p>
<p>
	<strong>&nbsp;FNCCI Budget Recommendations</strong></p>
<p>
	• Dedicated industrial grid for power supply.</p>
<p>
	• Increasing price of hydro power produced by private sector.</p>
<p>
	• VAT exemption on all the primary agricultural products.</p>
<p>
	• Provide subsidy also to the private sector for importing chemical fertilizers.</p>
<p>
	• Integrated Act related to Land Acquisition.</p>
<p>
	• Involvement of private sector in supply and distribution of petroleum products.</p>
<p>
	• Tax exemption to personal income of up to Rs 300,000 and family income of up to Rs 350,000 with only 5 per cent income tax on additional Rs 300,000.</p>
<p>
	• Income tax exemption for 5- 10 years to primary sector and secondary sector.</p>
<p>
	FNCCI has also suggested that new budget should be proposed on the last of Falgun, discussed and approved in Chaitra and implemented from Baisakh 1st.</p>
<p>
	<strong>CNI Budget Recommendations&nbsp;</strong></p>
<p>
	• To set “Vision 2080” with aim to increase per-capita income of Nepali to US dollar 3000.&nbsp;</p>
<p>
	• To provide 25 per cent subsidy on the Gross Fixed Assets to the people of backward regions for establishing industries.&nbsp;</p>
<p>
	• Granting Rs 20 million per megawatt as lump sum subsidy to the hydro projects.&nbsp;</p>
<p>
	• Providing 25 per cent exemption on income tax to the industries that employ more than 100 persons.&nbsp;</p>
<p>
	• Introducing or reforming Labour Act, Special Economic Zone Act, Foreign Investment and Technology Transfer Act (FITTA), Anti Dumping and Countervailing Act etc.&nbsp;</p>
<p>
	• Agricultural tools and machinery should be tax free.&nbsp;</p>
<p>
	• Reducing the custom duty on machinery and equipment imported by Nepali construction entrepreneurs.&nbsp;</p>
<p>
	• Removing VAT threshold.&nbsp;</p>
<p>
	• Establish Nepal as country with lowest income tax.</p>
<div>
	 </div>',
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			'title' => 'Feedback April 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><br />
	Media Convergence </strong><br />
	<br />
	The new sources of complexity and uncertainty are seen in the new media. It is seen that the media industry is being pessimistic about the changes in media and its impact on the media business and model. There are many opportunities emerging from media business. Media owners also need to determine the relative importance of advertising to their business. The market too seems to be complex because different consumer patterns emerge. But the reality is, new media will go along with old media behaviour offering consumers with various choices. <br />
	<br />
	<strong>Pramila Olee, Teku, Kathmandu </strong><br />
	<br />
	<br />
	<br />
	<strong>Informative Magazine <br />
	</strong><br />
	I think New Business Age should be one of its kind business magazines in Nepal. Articles are so informative and bring this small nation in sync with the rest of the world. I always thought Nepal is one of the most neglected parts of the world. Happy for my distant Maithil relatives in Nepal. <br />
	<br />
	<strong>Ihitashri Shandilya, Managing Director and CEO, MITHILAsmita Art &amp; Craft Pvt Ltd, INDIA</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Room to Improve </strong><br />
	<br />
	The Look of the New Business Age magazines is very good. What a roundup of advertisers! However the copy editing needs tightening. Copy in some stories seems translated from local news, or written by a person who’s thinking in another language and contains some base errors. Overall however, the construct, background and work in stories are solid. The team has its heart in the right place. <br />
	<br />
	The layout can be made much brighter. Quite a few stories appear in pages with a dull gray background. If this is to differentiate the content in any way, then okay, else brighter colours would make things livelier. Overall, it contains a lot of breadth of content, and a lot of content just overall. You might want to look at having some infographics to cut the sheer river of text. <br />
	<br />
	<strong>Karan Rajpal, rajpalkaran@gmail.com</strong><br />
	<br />
	<br />
	<strong><br />
	Holistic Education </strong><br />
	<br />
	Holistic education basically helps students to find identity and purpose in life by connecting to the community, nature and humanitarian value as a whole. This kind of study also helps them to face the challenges that come up in the life. Though, this education is considered to be very effective to understand human affairs, some argue that such spiritual education is not important for today’s competitive world. Thus, holistic education is mostly considered as costly, requires more skilled teachers and various curricular activities. <br />
	<br />
	<strong>Samrat Thapa, Koteswor, Kathmandu</strong><br />
	<br />
	<br />
	<br />
	<strong><br />
	MBA is not for everyone </strong><br />
	<br />
	Being an MBA student means you are being taught one right answer for one problem. It points out your attribute of who you are, offering your perspectives and experiences to your networking targets. MBA is all about collection of your skills, abilities, successes, failures, fears, dreams and hopes. Getting an MBA degree is certainly to have a horse in the race but at the end, the most important degree one need to possess is Human University. <br />
	<br />
	<strong>Ashish Dhungana, MBA student, Whitehouse College</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Mahakumbh: Mahamarket </strong><br />
	<br />
	It takes great ‘entrepreneur skills’ to see business prospects at a truly religious event of Mahakumbh. Obviously, it is one of the largest events where millions of people visit. And people also mean market for doing business. A religious event need not mean a market for only holy products. Therefore the Mahakumbh was also a market for products ranging from fashion accessories such as jewellery and hair accessories for women to herbal medicines and religious souvenirs. Similarly, the management of the entire event could also be a source of knowledge about management. After all managing such a large event where millions of pilgrims flock takes great management skills and mantras to make it happen successfully. <br />
	<br />
	<strong>Abhishek Karki, Godawari, Lalitpur</strong><br />
	<br />
	<br />
	<br />
	 </p>',
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			'id' => '1233',
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			'title' => 'NIDC Sales Nabil’s Shares',
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			'summary' => null,
			'content' => '<p>
	NIDC Development Bank Ltd has sold 1235144 shares of Nabil Bank Ltd through bidding process. The minimum starting price per share for bidding puropse has been kept Rs 1002. The bank has stated to bid under the secret bidding process till June 30. The current market price of the Nabil Bank is at Rs 1728. The bidder can bid minimum number of 100 scrips.<br />
	<br />
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			'title' => 'Demat Of Siddhartha Share',
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			'content' => '<p>
	CDS and Clearing Limited (CDSCL) and Siddhartha Bank has signed an agreement for the dematerilisation of the shares of the bank. Total of 16192443 shares of the bank are going to demat. The agreement was signed by CEO of CDSCL Subodh Sharma Sigdel and CEO of Siddhartha Bank Surendra Bhandari.<br />
	<br />
	 </p>',
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			'id' => '1231',
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			'title' => 'Financial Sector Demands Drop In Tax Rate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Nepal Banker Association (NBA) has demanded to drop the corporate tax rate on banks to 20 percent from prevailing 40 percent. A delegation led by Ranjan Singh Bhandari, President of NBA called on Finance Minister Shankar Prasad Koirala last week and made the demand. During the meeting, Bhandari stated that the banking sector is fully transparent and has been major contributor in the tax revenue collection of the country. </p>
<p>
	Similarly, the association has demanded to waive the capital gain tax imposed on the sale of the collateral property. It also demanded for the preferential right of the bank on the collateral accepted for the loan. </p>
<p>
	On the occasion, the association also asked for written promise to exempt the tax on the donation that the BFIs make to political parties.<br />
	<br />
	 </p>',
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			'article_category_id' => '109',
			'title' => 'SEBON Celebrates 21st Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-UPNizIJWd58/UdFAu6ZDrhE/AAAAAAAAAW4/E6jDNPMaHyk/s144-c/July1201312.jpg" width="144" /><br />
	<span style="font-size: 16px;"><strong>Emphasis laid to bring non-financial sector into security market</strong></span></p>
<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Securities Board of Nepal (SEBON) celebrated 21st Anniversary on Sunday, June 9. It is the governing body of the security market in Nepal. </p>
<p>
	On the occasion of anniversary programme governor of Nepal Rastra Bank Dr Yuba Raj Khatiwada expressed the necessity of entry of established non-financial sector companies in the security market. </p>
<p>
	He argued that the entry of these sectors in the security market might make them transparent among the public. He also added that high dependency of only on sector is not good for the stock market development. Currently, about 85 percent of the market capitalization of Nepal Stock Exchange (Nepse) is covered by banks and financial institutions. He also stated that there is a need of a strong presence of SEBON at the current volatile market situation. Finally, he promised for any help and coordination needed from the central bank. </p>
<p>
	On the occasion, Baburam Shrestha, Chairman of SEBON said that various basic infrastructures needed for the development of securities market like Credit Rating Company, Central Depository System (CDS), mutual fund have been going on and it will help in boosting the market.<br />
	<br />
	 </p>',
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			'article_category_id' => '109',
			'title' => 'Nepse Drops By 3 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-d7qhBDiyPG4/UdE_ttTSnOE/AAAAAAAAAWo/hVZMYJ-P90M/s144-c/July1201311.jpg" width="144" /></p>
<p>
	<strong>By Rashesh Vaidya&nbsp;</strong></p>
<p>
	Nepse dropped by 3.09 points during previous week. It had closed 497.44 on Sunday, 9th June (the first trading day of the week) and reached 494.36 at the close of Thursday, 13th June (the last trading day of the week). The market floor was openfor five days. </p>
<p>
	In the week, the ‘other’ sub-index dropped the highest by 11.75 points closing at 616.82 points. Similarly, the hydro-power sub-index dropped by 6.54 points. The sub-index came down due to fall in the share price of Butwal Power Company and Chilime Hydropower Company by Rs 15 (closing at Rs 780) and Rs 10 (closing at Rs 1137) respectively At the same time, drop in the profit growth rate of Nepal Telecom has affected in the sentiment of investor which caused fall in the ‘other’ sector sub-index. </p>
<p>
	The hotel sub-index increased the highest (by 10.79 points). There was no change in manufacturing and processing as well as trading sub-indices during the week. </p>
<p>
	Shares of 119 companies were traded at Nepse during the week through 5,175 transactions amounting to Rs 294,491,000. The total number of scrips traded was 1,180,523 which is 70272 scrips less than that of earlier week. </p>
<p>
	Sagarmatha Insurance topped the list in terms of transaction amount (Rs 37,020,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 2,77,907scrips of the fund were traded during the week. </p>
<p>
	Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (863). </p>
<p>
	On Thursday June 13, a total of 1,882,438 scrips of bonus shares of eight companies were listed at Nepse. Similarly, on the same day 157000 ordinary shares of Swarojgar Laghubitta Bikas Bank were also listed at Nepse.</p>
<p>
	<strong>Nepse on Sunday</strong></p>
<p>
	Nepse closed at 494.91 points with an increase of 0.57 points from the Thursday close (June 13). Banking sub-index, development bank sub-index and manufacturing and processing sub-index saw an increment whereas remaining sub-indices saw a drop. The share price of Kamana Bikas Bank gained the highest by Rs 6 per share closing at Rs 130. Similarly, the share price of NB Insurance dropped the highest by Rs 6 per share closing at Rs 57. Total of 280,297 shares were traded amounted to Rs 113,410,218 at Nepse floor.<br />
	<br />
	 </p>',
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			'title' => 'Ashim Scored Highest Marks In SLC',
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	Asim Ghimire (symbol number 0044365- I), student of the Birtamod-based Little Flowers English Boarding Secondary School, Jhapa secured 93.87 percent in the School Leaving Certificate (SLC) examination 2013.<br />
	<br />
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	<img alt="" height="144" src="https://lh5.googleusercontent.com/-XDuvQBtJWpw/UdE9fUrPVqE/AAAAAAAAAVc/VKSgpYmJ9gM/s144-c/July1201310.jpg" width="144" /><br />
	Advanced College of Engineering and Management is organising event called sanitizing Kathmandu in the capital this week. As a preparation for the event, Advanced Robotics Club (ARC) has been organising a three-day training programme at Advanced College of Engineering and Management. The event will focus on use of robotics to inform students about process of managing waste of the city, say organizers. In the programme, around 15 student will compete to win by using robots. Students will have to collect table tennis balls as waste, materials using their machines. Organisers claim that the event is an effort to enhance practical knowledge of the students. It would be a great learning experience for the students, organizers say.<br />
	<br />
	 </p>',
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			'article_category_id' => '154',
			'title' => 'KU Registrar Appointed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-Z2K0p0cg1eI/UdE9AsfiMYE/AAAAAAAAAVM/5VxVLLAylxw/s144-c/July1201309.jpg" width="144" /><br />
	Dr Bhola Thapa has been appointed as registrar of the Kathmandu University (KU) on June 16. Earlier, the registrar and exam controller of KU had resigned from the posts on June 13. Exam controller, Pushpa Raj Adhikari and Registrar Prof Dr Bhadra Man Tuladhar were forced to quit because of political cause, claims a source.<br />
	<br />
	 </p>',
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			'id' => '1225',
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			'title' => 'Indian Education Expo In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-CscSdw51wZQ/UdE8eI_ObbE/AAAAAAAAAVA/3rHGx8wwOmo/s144-c/July1201308.jpg" width="144" /><br />
	The seventh Global Career Boutique 2013 and Indian Education and Career Expo started in Kathmandu on June 14. Various Indian colleges and universities participated in the mega event organised at the Everest Hotel. There were around 10,000 footfalls during the two-day fair organised by the Global Education Counseling Centre (GECC). The fair also provided services such as on-the-spot admission and counseling on education loan.<br />
	<br />
	 </p>',
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			'title' => 'Career Expo Kicks Off',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ambition Education &amp; Career Expo 2013 kicked off at Bhrikuti Mandap Exhibition Hall in Kathmandu on Thursday. The three-day event was organised with an objective to help students choose appropriate colleges and faculties after finishing School Leaving Certificate (SLC). The event showcased more than 100 stalls of national and international educational institutions and consultancies. <br />
	<br />
	 </p>',
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			'id' => '1223',
			'article_category_id' => '154',
			'title' => 'Pakistan Embassy Awards Scholarships',
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			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-LoK5KMWoYok/UdE6ZhCD5dE/AAAAAAAAAUk/FEuZRcD7lFQ/s144-c/July1201307.jpg" width="144" /><br />
	The Pakistani Embassy awarded scholarships to 111 students from schools in and around Kathmandu amid a ceremony at Tilingatar Higher Secondary School, Dhapasi on June 10. Ambassador Arshad Saud Khosa presented cheques for the scholarships to the principals of Tilingatar Higher Secondary School, Shivapuri Higher Secondary School, Manhankal Jana Jagriti Higher Secondary School, Bansbari School, Mahendra Higher Secondary School and National Model Science School. Students from Buddha High School and Janata Higher Secondary School were also awarded during the function.<br />
	<br />
	 </p>',
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		'Article' => array(
			'id' => '1222',
			'article_category_id' => '91',
			'title' => 'NIC Asia Bank – Making History',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></p>
<p>
	<span style="font-size: 12px;">&nbsp;Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).&nbsp;</span></p>
<p>
	On the occasion, Nepal Rastra Bank Governor congratulated the newly merged NIC Asia Bank Ltd for becoming one of the top five bank of the country as per its size of capital, branch expansion&nbsp;<span style="font-size: 12px;">and the like. He added that more responsibilities have been added to the newly merged bank. The main objective of the merger of banks is to increase their competitiveness, he further opined.</span></p>
<p>
	He also asked to increase the investment of banks’ credit on manufacturing sector which will be beneficial for the financial stability of banks for long term.&nbsp;</p>
<p>
	This is the first ever merger between two commercial banks in the country’s banking history. After this, the number of commercial banks comes down to 31. Speaking at the same programme, Sashin Joshi, the CEO of NIC Asia Bank Limited asked for reduction of the corporate tax rate to 20 percent from existing 30 percent for next five years for merged banks to encourage further consolidation in the banking industry.&nbsp;</p>
<p>
	In the merger process, 13 branches of the banks at same locations have been amalgamated. Nine branches from outside Kathmandu Valley and four within the valley are thus amalgamated. Similarly, BoAN registered office and NIC Bank corporate office are converted into branch offices. The corporate office of the merged ‘NIC Asia Bank Limited’ is located at Trade Tower, Thapathali, Kathmandu. Similarly, the newly merged bank is also planning to open new branches in other areas within the next year to make up for the number of branches reduced by this amalgamation.&nbsp;</p>
<p>
	The two banks currently have 65 branches, 36 of NIC and 29 of BoAN. The bank has a total of 644 employees and CEO Sachin Joshi said “nobody will be laid off”.&nbsp;</p>
<p>
	The merged entity has a paid-up capital of Rs 2.31 billion, however, its reserves will make the actual capital size exactly double of the figure. Its deposit size is Rs 39 billion and credit Rs 33 billion, making it the fifth largest commercial bank of the country.&nbsp;</p>
<p>
	After the merger, the existing shareholders of BoAN will get additional shares of newly merged NIC Asia Bank on a 2:1 ratio.</p>
<div>
	<img alt="NIC ASIA BANK" height="143" hspace="25" src="https://lh3.googleusercontent.com/-Rxe1DCI1ix8/UdE5L5pyZWI/AAAAAAAAAk0/eCOmwKXapwU/s568/NIC%20Asia.jpg" width="500" /></div>',
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			'description' => 'Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).',
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		'Article' => array(
			'id' => '1221',
			'article_category_id' => '91',
			'title' => 'DJPL On Expansion Mood',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:11px;"><strong><img alt="DJPL" height="333" hspace="25" src="https://lh3.googleusercontent.com/-Q0uldUmuEZM/UdE1nUhoH6I/AAAAAAAAAkY/gWuBFsWBZdA/s360/djpl.jpg" width="500" /><br />
	</strong></span></p>
<p>
	<span style="font-size:11px;"><strong>--By TC Correspondent</strong></span></p>
<p>
	<span style="font-size: 12px;">Deurali Janta Pharmaceuticals Pvt Ltd (DJPL) has launched new division called Nirog to manufacture pain-relief, anti-inflammatory, analgesic and musculoskeletal drugs whose demand has been soaring in the local market in recent years.</span></p>
<p>
	Executive Director Hari Bhakta &nbsp; Sharma said, “This is basically a primary care division of DJPL to produce a ranges of medicines that boost immunity and that are necessary in trauma cases.”&nbsp;</p>
<p>
	&nbsp;Nirog is the fifth division of DJPL, a company with World Health Organization-Good Manufacturing Practice (WHO-GNP).</p>
<p>
	Its other four operating units are DJPL1, DJPL2, Suswasthya and Aarogyam that are currently producing 220 types of drugs holding five per cent share of the domestic market.&nbsp;</p>
<p>
	Sharma said that the new division will help reduce the import of foreign medicines for primary care. With the introduction of new division, DJPL’s total investment has reached Rs 870 million. The company employs a total of 350 persons of which 85 are highly skilled, 55 skilled and 60 technical.&nbsp;</p>
<p>
	The Nepali pharmaceutical companies totaling 45 in number meet less than 40 percent of the country’s demand for medicines. Sharma said that Nepal imports drugs manufactured by 258 foreign pharmaceuticals companies worth Rs 16.6 billion at present and DJPL wants the country to become self-reliant in the medicines. DJPL also provides its products for the research purpose to the foreign universities and media institutions.&nbsp;</p>
<p>
	According to Sharma, DJPL now plants to set up a production plant for manufacturing herbal products and start extensive research on utilizing agro products in medicine industry. It also aims at exporting medicines to at least five international markets within 10 years, Sharma said, adding that the company is also planning to establish a separate division for veterinary medicine.</p>
<p>
	<img alt="DJPL's Divison at a Glance" height="102" hspace="25" src="https://lh4.googleusercontent.com/-dF9OnwkQR44/UdE1m0y3hqI/AAAAAAAAAkU/dXuN3pHzcDs/s912/DJPL%27s%20Divison.jpg" width="500" /></p>
<p>
	 </p>
<p>
	 </p>',
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	(int) 13 => array(
		'Article' => array(
			'id' => '1220',
			'article_category_id' => '91',
			'title' => 'Budget 2013-14: Demands And Dreams',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari</span></strong></p>
<p>
	&nbsp;Though various sectors have piled their recommendations at the Finance Ministry for the upcoming budget, the ministry sources say those last minute proposals are not going to be considered.&nbsp;</p>
<p>
	The Ministry has received dozens of demands to address through budget, said spokesperson at the Finance Ministry Janma Jaya Regmi. “But we are trying mainly to make the new budget free of political ideology and concentrate on development of various sectors.”&nbsp;</p>
<p>
	He added that the government should follow the budget formulation &nbsp;process and many stakeholders are yet to accept this fact.</p>
<p>
	Sagar Acharya, Deputy Spokesperson of National Planning Commission (NPC) too says that the year’s budget wouldn’t be making drastic changes in the existing policies. It would only give continuation to the existing development projects and fulfill the commitment to the donor agencies, he said.&nbsp;</p>
<p>
	“The main priority of new budget is to hold the election. Similarly, the budget will be concentrating on projects of national pride that include energy, infrastructure development, tourism, commercialization of agriculture and good governance,” said MoF spokesperson Regmi.&nbsp;</p>
<p>
	“The ceiling of upcoming budget is expected to be Rs 506 billion but there has already been demand of around Rs 768 billion from various sectors,” informed Sagar Acharya.</p>
<p>
	Though there is the possibility of slightly revising the budget keeping in view the requirements of various sectors and regions, there won’t be much change in the total budget, he added. Acharya explained, “We are organizing a meeting on July 5-6 with National Development Council which has to submit a three years plan related to budget and expenses to the government. Depending on the feedback of the meeting, the final draft would be put forward only after which the budget writing process will start.”&nbsp;</p>
<p>
	Various organizations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), multilateral/ bilateral donors and others have already asked the government to address their concerns through budget.&nbsp;</p>
<p>
	Regmi said, “Various donor agencies including World Bank, ADB, DFID, and JICA have assured their commitments which have already reached up to Rs 27 billion and it is still increasing.” The amount provided by donor agencies would be invested in the sectors of high priority rather than scattering it across various sectors.”</p>
<p>
	<strong>&nbsp;FNCCI Budget Recommendations</strong></p>
<p>
	• Dedicated industrial grid for power supply.</p>
<p>
	• Increasing price of hydro power produced by private sector.</p>
<p>
	• VAT exemption on all the primary agricultural products.</p>
<p>
	• Provide subsidy also to the private sector for importing chemical fertilizers.</p>
<p>
	• Integrated Act related to Land Acquisition.</p>
<p>
	• Involvement of private sector in supply and distribution of petroleum products.</p>
<p>
	• Tax exemption to personal income of up to Rs 300,000 and family income of up to Rs 350,000 with only 5 per cent income tax on additional Rs 300,000.</p>
<p>
	• Income tax exemption for 5- 10 years to primary sector and secondary sector.</p>
<p>
	FNCCI has also suggested that new budget should be proposed on the last of Falgun, discussed and approved in Chaitra and implemented from Baisakh 1st.</p>
<p>
	<strong>CNI Budget Recommendations&nbsp;</strong></p>
<p>
	• To set “Vision 2080” with aim to increase per-capita income of Nepali to US dollar 3000.&nbsp;</p>
<p>
	• To provide 25 per cent subsidy on the Gross Fixed Assets to the people of backward regions for establishing industries.&nbsp;</p>
<p>
	• Granting Rs 20 million per megawatt as lump sum subsidy to the hydro projects.&nbsp;</p>
<p>
	• Providing 25 per cent exemption on income tax to the industries that employ more than 100 persons.&nbsp;</p>
<p>
	• Introducing or reforming Labour Act, Special Economic Zone Act, Foreign Investment and Technology Transfer Act (FITTA), Anti Dumping and Countervailing Act etc.&nbsp;</p>
<p>
	• Agricultural tools and machinery should be tax free.&nbsp;</p>
<p>
	• Reducing the custom duty on machinery and equipment imported by Nepali construction entrepreneurs.&nbsp;</p>
<p>
	• Removing VAT threshold.&nbsp;</p>
<p>
	• Establish Nepal as country with lowest income tax.</p>
<div>
	 </div>',
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			'id' => '1219',
			'article_category_id' => '50',
			'title' => 'Feedback April 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><br />
	Media Convergence </strong><br />
	<br />
	The new sources of complexity and uncertainty are seen in the new media. It is seen that the media industry is being pessimistic about the changes in media and its impact on the media business and model. There are many opportunities emerging from media business. Media owners also need to determine the relative importance of advertising to their business. The market too seems to be complex because different consumer patterns emerge. But the reality is, new media will go along with old media behaviour offering consumers with various choices. <br />
	<br />
	<strong>Pramila Olee, Teku, Kathmandu </strong><br />
	<br />
	<br />
	<br />
	<strong>Informative Magazine <br />
	</strong><br />
	I think New Business Age should be one of its kind business magazines in Nepal. Articles are so informative and bring this small nation in sync with the rest of the world. I always thought Nepal is one of the most neglected parts of the world. Happy for my distant Maithil relatives in Nepal. <br />
	<br />
	<strong>Ihitashri Shandilya, Managing Director and CEO, MITHILAsmita Art &amp; Craft Pvt Ltd, INDIA</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Room to Improve </strong><br />
	<br />
	The Look of the New Business Age magazines is very good. What a roundup of advertisers! However the copy editing needs tightening. Copy in some stories seems translated from local news, or written by a person who’s thinking in another language and contains some base errors. Overall however, the construct, background and work in stories are solid. The team has its heart in the right place. <br />
	<br />
	The layout can be made much brighter. Quite a few stories appear in pages with a dull gray background. If this is to differentiate the content in any way, then okay, else brighter colours would make things livelier. Overall, it contains a lot of breadth of content, and a lot of content just overall. You might want to look at having some infographics to cut the sheer river of text. <br />
	<br />
	<strong>Karan Rajpal, rajpalkaran@gmail.com</strong><br />
	<br />
	<br />
	<strong><br />
	Holistic Education </strong><br />
	<br />
	Holistic education basically helps students to find identity and purpose in life by connecting to the community, nature and humanitarian value as a whole. This kind of study also helps them to face the challenges that come up in the life. Though, this education is considered to be very effective to understand human affairs, some argue that such spiritual education is not important for today’s competitive world. Thus, holistic education is mostly considered as costly, requires more skilled teachers and various curricular activities. <br />
	<br />
	<strong>Samrat Thapa, Koteswor, Kathmandu</strong><br />
	<br />
	<br />
	<br />
	<strong><br />
	MBA is not for everyone </strong><br />
	<br />
	Being an MBA student means you are being taught one right answer for one problem. It points out your attribute of who you are, offering your perspectives and experiences to your networking targets. MBA is all about collection of your skills, abilities, successes, failures, fears, dreams and hopes. Getting an MBA degree is certainly to have a horse in the race but at the end, the most important degree one need to possess is Human University. <br />
	<br />
	<strong>Ashish Dhungana, MBA student, Whitehouse College</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Mahakumbh: Mahamarket </strong><br />
	<br />
	It takes great ‘entrepreneur skills’ to see business prospects at a truly religious event of Mahakumbh. Obviously, it is one of the largest events where millions of people visit. And people also mean market for doing business. A religious event need not mean a market for only holy products. Therefore the Mahakumbh was also a market for products ranging from fashion accessories such as jewellery and hair accessories for women to herbal medicines and religious souvenirs. Similarly, the management of the entire event could also be a source of knowledge about management. After all managing such a large event where millions of pilgrims flock takes great management skills and mantras to make it happen successfully. <br />
	<br />
	<strong>Abhishek Karki, Godawari, Lalitpur</strong><br />
	<br />
	<br />
	<br />
	 </p>',
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Code Context
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		'Article' => array(
			'id' => '1233',
			'article_category_id' => '108',
			'title' => 'NIDC Sales Nabil’s Shares',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	NIDC Development Bank Ltd has sold 1235144 shares of Nabil Bank Ltd through bidding process. The minimum starting price per share for bidding puropse has been kept Rs 1002. The bank has stated to bid under the secret bidding process till June 30. The current market price of the Nabil Bank is at Rs 1728. The bidder can bid minimum number of 100 scrips.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'new business age service sector news & articles, service sector news & articles from new business age nepal, service sector headlines from nepal,  current and latest service sector news from nepal, economic news from nepal, nepali service sector economic news and events,  ongoing  service sector new',
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			'sortorder' => '1095',
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			'id' => '1232',
			'article_category_id' => '108',
			'title' => 'Demat Of Siddhartha Share',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	CDS and Clearing Limited (CDSCL) and Siddhartha Bank has signed an agreement for the dematerilisation of the shares of the bank. Total of 16192443 shares of the bank are going to demat. The agreement was signed by CEO of CDSCL Subodh Sharma Sigdel and CEO of Siddhartha Bank Surendra Bhandari.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'new business age service sector news & articles, service sector news & articles from new business age nepal, service sector headlines from nepal,  current and latest service sector news from nepal, economic news from nepal, nepali service sector economic news and events,  ongoing  service sector new',
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			'sortorder' => '1094',
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			'id' => '1231',
			'article_category_id' => '109',
			'title' => 'Financial Sector Demands Drop In Tax Rate',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Nepal Banker Association (NBA) has demanded to drop the corporate tax rate on banks to 20 percent from prevailing 40 percent. A delegation led by Ranjan Singh Bhandari, President of NBA called on Finance Minister Shankar Prasad Koirala last week and made the demand. During the meeting, Bhandari stated that the banking sector is fully transparent and has been major contributor in the tax revenue collection of the country. </p>
<p>
	Similarly, the association has demanded to waive the capital gain tax imposed on the sale of the collateral property. It also demanded for the preferential right of the bank on the collateral accepted for the loan. </p>
<p>
	On the occasion, the association also asked for written promise to exempt the tax on the donation that the BFIs make to political parties.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'new business age stock taking news & articles, stock taking news & articles from new business age nepal, stock taking headlines from nepal,  current and latest stock taking news from nepal, economic news from nepal, nepali stock taking economic news and events, ongoing stock taking news of nepal',
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			'sortorder' => '1093',
			'image' => null,
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		'Article' => array(
			'id' => '1230',
			'article_category_id' => '109',
			'title' => 'SEBON Celebrates 21st Anniversary',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-UPNizIJWd58/UdFAu6ZDrhE/AAAAAAAAAW4/E6jDNPMaHyk/s144-c/July1201312.jpg" width="144" /><br />
	<span style="font-size: 16px;"><strong>Emphasis laid to bring non-financial sector into security market</strong></span></p>
<p>
	<strong>By TC Correspondent </strong></p>
<p>
	Securities Board of Nepal (SEBON) celebrated 21st Anniversary on Sunday, June 9. It is the governing body of the security market in Nepal. </p>
<p>
	On the occasion of anniversary programme governor of Nepal Rastra Bank Dr Yuba Raj Khatiwada expressed the necessity of entry of established non-financial sector companies in the security market. </p>
<p>
	He argued that the entry of these sectors in the security market might make them transparent among the public. He also added that high dependency of only on sector is not good for the stock market development. Currently, about 85 percent of the market capitalization of Nepal Stock Exchange (Nepse) is covered by banks and financial institutions. He also stated that there is a need of a strong presence of SEBON at the current volatile market situation. Finally, he promised for any help and coordination needed from the central bank. </p>
<p>
	On the occasion, Baburam Shrestha, Chairman of SEBON said that various basic infrastructures needed for the development of securities market like Credit Rating Company, Central Depository System (CDS), mutual fund have been going on and it will help in boosting the market.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'modified' => '0000-00-00',
			'keywords' => 'new business age stock taking news & articles, stock taking news & articles from new business age nepal, stock taking headlines from nepal,  current and latest stock taking news from nepal, economic news from nepal, nepali stock taking economic news and events, ongoing stock taking news of nepal',
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			'sortorder' => '1092',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '1229',
			'article_category_id' => '109',
			'title' => 'Nepse Drops By 3 Points',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-d7qhBDiyPG4/UdE_ttTSnOE/AAAAAAAAAWo/hVZMYJ-P90M/s144-c/July1201311.jpg" width="144" /></p>
<p>
	<strong>By Rashesh Vaidya&nbsp;</strong></p>
<p>
	Nepse dropped by 3.09 points during previous week. It had closed 497.44 on Sunday, 9th June (the first trading day of the week) and reached 494.36 at the close of Thursday, 13th June (the last trading day of the week). The market floor was openfor five days. </p>
<p>
	In the week, the ‘other’ sub-index dropped the highest by 11.75 points closing at 616.82 points. Similarly, the hydro-power sub-index dropped by 6.54 points. The sub-index came down due to fall in the share price of Butwal Power Company and Chilime Hydropower Company by Rs 15 (closing at Rs 780) and Rs 10 (closing at Rs 1137) respectively At the same time, drop in the profit growth rate of Nepal Telecom has affected in the sentiment of investor which caused fall in the ‘other’ sector sub-index. </p>
<p>
	The hotel sub-index increased the highest (by 10.79 points). There was no change in manufacturing and processing as well as trading sub-indices during the week. </p>
<p>
	Shares of 119 companies were traded at Nepse during the week through 5,175 transactions amounting to Rs 294,491,000. The total number of scrips traded was 1,180,523 which is 70272 scrips less than that of earlier week. </p>
<p>
	Sagarmatha Insurance topped the list in terms of transaction amount (Rs 37,020,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 2,77,907scrips of the fund were traded during the week. </p>
<p>
	Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (863). </p>
<p>
	On Thursday June 13, a total of 1,882,438 scrips of bonus shares of eight companies were listed at Nepse. Similarly, on the same day 157000 ordinary shares of Swarojgar Laghubitta Bikas Bank were also listed at Nepse.</p>
<p>
	<strong>Nepse on Sunday</strong></p>
<p>
	Nepse closed at 494.91 points with an increase of 0.57 points from the Thursday close (June 13). Banking sub-index, development bank sub-index and manufacturing and processing sub-index saw an increment whereas remaining sub-indices saw a drop. The share price of Kamana Bikas Bank gained the highest by Rs 6 per share closing at Rs 130. Similarly, the share price of NB Insurance dropped the highest by Rs 6 per share closing at Rs 57. Total of 280,297 shares were traded amounted to Rs 113,410,218 at Nepse floor.<br />
	<br />
	 </p>',
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			'sortorder' => '1091',
			'image' => null,
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		'Article' => array(
			'id' => '1228',
			'article_category_id' => '154',
			'title' => 'Ashim Scored Highest Marks In SLC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Asim Ghimire (symbol number 0044365- I), student of the Birtamod-based Little Flowers English Boarding Secondary School, Jhapa secured 93.87 percent in the School Leaving Certificate (SLC) examination 2013.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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',
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			'sortorder' => '1090',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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		'Article' => array(
			'id' => '1227',
			'article_category_id' => '154',
			'title' => 'Robots For Sanitising Kathmandu',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-XDuvQBtJWpw/UdE9fUrPVqE/AAAAAAAAAVc/VKSgpYmJ9gM/s144-c/July1201310.jpg" width="144" /><br />
	Advanced College of Engineering and Management is organising event called sanitizing Kathmandu in the capital this week. As a preparation for the event, Advanced Robotics Club (ARC) has been organising a three-day training programme at Advanced College of Engineering and Management. The event will focus on use of robotics to inform students about process of managing waste of the city, say organizers. In the programme, around 15 student will compete to win by using robots. Students will have to collect table tennis balls as waste, materials using their machines. Organisers claim that the event is an effort to enhance practical knowledge of the students. It would be a great learning experience for the students, organizers say.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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',
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			'sortorder' => '1089',
			'image' => null,
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		'Article' => array(
			'id' => '1226',
			'article_category_id' => '154',
			'title' => 'KU Registrar Appointed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh5.googleusercontent.com/-Z2K0p0cg1eI/UdE9AsfiMYE/AAAAAAAAAVM/5VxVLLAylxw/s144-c/July1201309.jpg" width="144" /><br />
	Dr Bhola Thapa has been appointed as registrar of the Kathmandu University (KU) on June 16. Earlier, the registrar and exam controller of KU had resigned from the posts on June 13. Exam controller, Pushpa Raj Adhikari and Registrar Prof Dr Bhadra Man Tuladhar were forced to quit because of political cause, claims a source.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1088',
			'image' => null,
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	(int) 8 => array(
		'Article' => array(
			'id' => '1225',
			'article_category_id' => '154',
			'title' => 'Indian Education Expo In Town',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh3.googleusercontent.com/-CscSdw51wZQ/UdE8eI_ObbE/AAAAAAAAAVA/3rHGx8wwOmo/s144-c/July1201308.jpg" width="144" /><br />
	The seventh Global Career Boutique 2013 and Indian Education and Career Expo started in Kathmandu on June 14. Various Indian colleges and universities participated in the mega event organised at the Everest Hotel. There were around 10,000 footfalls during the two-day fair organised by the Global Education Counseling Centre (GECC). The fair also provided services such as on-the-spot admission and counseling on education loan.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1087',
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		'Article' => array(
			'id' => '1224',
			'article_category_id' => '154',
			'title' => 'Career Expo Kicks Off',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ambition Education &amp; Career Expo 2013 kicked off at Bhrikuti Mandap Exhibition Hall in Kathmandu on Thursday. The three-day event was organised with an objective to help students choose appropriate colleges and faculties after finishing School Leaving Certificate (SLC). The event showcased more than 100 stalls of national and international educational institutions and consultancies. <br />
	<br />
	 </p>',
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			'created' => '2013-07-01',
			'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',
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			'sortorder' => '1086',
			'image' => null,
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	(int) 10 => array(
		'Article' => array(
			'id' => '1223',
			'article_category_id' => '154',
			'title' => 'Pakistan Embassy Awards Scholarships',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img alt="" height="144" src="https://lh6.googleusercontent.com/-LoK5KMWoYok/UdE6ZhCD5dE/AAAAAAAAAUk/FEuZRcD7lFQ/s144-c/July1201307.jpg" width="144" /><br />
	The Pakistani Embassy awarded scholarships to 111 students from schools in and around Kathmandu amid a ceremony at Tilingatar Higher Secondary School, Dhapasi on June 10. Ambassador Arshad Saud Khosa presented cheques for the scholarships to the principals of Tilingatar Higher Secondary School, Shivapuri Higher Secondary School, Manhankal Jana Jagriti Higher Secondary School, Bansbari School, Mahendra Higher Secondary School and National Model Science School. Students from Buddha High School and Janata Higher Secondary School were also awarded during the function.<br />
	<br />
	 </p>',
			'published' => true,
			'created' => '2013-07-01',
			'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' => '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',
			'sortorder' => '1085',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '1222',
			'article_category_id' => '91',
			'title' => 'NIC Asia Bank – Making History',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By TC Correspondent</span></strong></p>
<p>
	<span style="font-size: 12px;">&nbsp;Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).&nbsp;</span></p>
<p>
	On the occasion, Nepal Rastra Bank Governor congratulated the newly merged NIC Asia Bank Ltd for becoming one of the top five bank of the country as per its size of capital, branch expansion&nbsp;<span style="font-size: 12px;">and the like. He added that more responsibilities have been added to the newly merged bank. The main objective of the merger of banks is to increase their competitiveness, he further opined.</span></p>
<p>
	He also asked to increase the investment of banks’ credit on manufacturing sector which will be beneficial for the financial stability of banks for long term.&nbsp;</p>
<p>
	This is the first ever merger between two commercial banks in the country’s banking history. After this, the number of commercial banks comes down to 31. Speaking at the same programme, Sashin Joshi, the CEO of NIC Asia Bank Limited asked for reduction of the corporate tax rate to 20 percent from existing 30 percent for next five years for merged banks to encourage further consolidation in the banking industry.&nbsp;</p>
<p>
	In the merger process, 13 branches of the banks at same locations have been amalgamated. Nine branches from outside Kathmandu Valley and four within the valley are thus amalgamated. Similarly, BoAN registered office and NIC Bank corporate office are converted into branch offices. The corporate office of the merged ‘NIC Asia Bank Limited’ is located at Trade Tower, Thapathali, Kathmandu. Similarly, the newly merged bank is also planning to open new branches in other areas within the next year to make up for the number of branches reduced by this amalgamation.&nbsp;</p>
<p>
	The two banks currently have 65 branches, 36 of NIC and 29 of BoAN. The bank has a total of 644 employees and CEO Sachin Joshi said “nobody will be laid off”.&nbsp;</p>
<p>
	The merged entity has a paid-up capital of Rs 2.31 billion, however, its reserves will make the actual capital size exactly double of the figure. Its deposit size is Rs 39 billion and credit Rs 33 billion, making it the fifth largest commercial bank of the country.&nbsp;</p>
<p>
	After the merger, the existing shareholders of BoAN will get additional shares of newly merged NIC Asia Bank on a 2:1 ratio.</p>
<div>
	<img alt="NIC ASIA BANK" height="143" hspace="25" src="https://lh3.googleusercontent.com/-Rxe1DCI1ix8/UdE5L5pyZWI/AAAAAAAAAk0/eCOmwKXapwU/s568/NIC%20Asia.jpg" width="500" /></div>',
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			'description' => 'Nepal Industrial and Commercial (NIC) Bank and Bank of Asia Nepal (BoAN) completed their merger process and commenced joint operation as NIC Asia Bank from Sunday (June 30).',
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			'id' => '1221',
			'article_category_id' => '91',
			'title' => 'DJPL On Expansion Mood',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<span style="font-size:11px;"><strong><img alt="DJPL" height="333" hspace="25" src="https://lh3.googleusercontent.com/-Q0uldUmuEZM/UdE1nUhoH6I/AAAAAAAAAkY/gWuBFsWBZdA/s360/djpl.jpg" width="500" /><br />
	</strong></span></p>
<p>
	<span style="font-size:11px;"><strong>--By TC Correspondent</strong></span></p>
<p>
	<span style="font-size: 12px;">Deurali Janta Pharmaceuticals Pvt Ltd (DJPL) has launched new division called Nirog to manufacture pain-relief, anti-inflammatory, analgesic and musculoskeletal drugs whose demand has been soaring in the local market in recent years.</span></p>
<p>
	Executive Director Hari Bhakta &nbsp; Sharma said, “This is basically a primary care division of DJPL to produce a ranges of medicines that boost immunity and that are necessary in trauma cases.”&nbsp;</p>
<p>
	&nbsp;Nirog is the fifth division of DJPL, a company with World Health Organization-Good Manufacturing Practice (WHO-GNP).</p>
<p>
	Its other four operating units are DJPL1, DJPL2, Suswasthya and Aarogyam that are currently producing 220 types of drugs holding five per cent share of the domestic market.&nbsp;</p>
<p>
	Sharma said that the new division will help reduce the import of foreign medicines for primary care. With the introduction of new division, DJPL’s total investment has reached Rs 870 million. The company employs a total of 350 persons of which 85 are highly skilled, 55 skilled and 60 technical.&nbsp;</p>
<p>
	The Nepali pharmaceutical companies totaling 45 in number meet less than 40 percent of the country’s demand for medicines. Sharma said that Nepal imports drugs manufactured by 258 foreign pharmaceuticals companies worth Rs 16.6 billion at present and DJPL wants the country to become self-reliant in the medicines. DJPL also provides its products for the research purpose to the foreign universities and media institutions.&nbsp;</p>
<p>
	According to Sharma, DJPL now plants to set up a production plant for manufacturing herbal products and start extensive research on utilizing agro products in medicine industry. It also aims at exporting medicines to at least five international markets within 10 years, Sharma said, adding that the company is also planning to establish a separate division for veterinary medicine.</p>
<p>
	<img alt="DJPL's Divison at a Glance" height="102" hspace="25" src="https://lh4.googleusercontent.com/-dF9OnwkQR44/UdE1m0y3hqI/AAAAAAAAAkU/dXuN3pHzcDs/s912/DJPL%27s%20Divison.jpg" width="500" /></p>
<p>
	 </p>
<p>
	 </p>',
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		'Article' => array(
			'id' => '1220',
			'article_category_id' => '91',
			'title' => 'Budget 2013-14: Demands And Dreams',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><span style="font-size: 12px;">--By Suraksha Adhikari</span></strong></p>
<p>
	&nbsp;Though various sectors have piled their recommendations at the Finance Ministry for the upcoming budget, the ministry sources say those last minute proposals are not going to be considered.&nbsp;</p>
<p>
	The Ministry has received dozens of demands to address through budget, said spokesperson at the Finance Ministry Janma Jaya Regmi. “But we are trying mainly to make the new budget free of political ideology and concentrate on development of various sectors.”&nbsp;</p>
<p>
	He added that the government should follow the budget formulation &nbsp;process and many stakeholders are yet to accept this fact.</p>
<p>
	Sagar Acharya, Deputy Spokesperson of National Planning Commission (NPC) too says that the year’s budget wouldn’t be making drastic changes in the existing policies. It would only give continuation to the existing development projects and fulfill the commitment to the donor agencies, he said.&nbsp;</p>
<p>
	“The main priority of new budget is to hold the election. Similarly, the budget will be concentrating on projects of national pride that include energy, infrastructure development, tourism, commercialization of agriculture and good governance,” said MoF spokesperson Regmi.&nbsp;</p>
<p>
	“The ceiling of upcoming budget is expected to be Rs 506 billion but there has already been demand of around Rs 768 billion from various sectors,” informed Sagar Acharya.</p>
<p>
	Though there is the possibility of slightly revising the budget keeping in view the requirements of various sectors and regions, there won’t be much change in the total budget, he added. Acharya explained, “We are organizing a meeting on July 5-6 with National Development Council which has to submit a three years plan related to budget and expenses to the government. Depending on the feedback of the meeting, the final draft would be put forward only after which the budget writing process will start.”&nbsp;</p>
<p>
	Various organizations such as Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), multilateral/ bilateral donors and others have already asked the government to address their concerns through budget.&nbsp;</p>
<p>
	Regmi said, “Various donor agencies including World Bank, ADB, DFID, and JICA have assured their commitments which have already reached up to Rs 27 billion and it is still increasing.” The amount provided by donor agencies would be invested in the sectors of high priority rather than scattering it across various sectors.”</p>
<p>
	<strong>&nbsp;FNCCI Budget Recommendations</strong></p>
<p>
	• Dedicated industrial grid for power supply.</p>
<p>
	• Increasing price of hydro power produced by private sector.</p>
<p>
	• VAT exemption on all the primary agricultural products.</p>
<p>
	• Provide subsidy also to the private sector for importing chemical fertilizers.</p>
<p>
	• Integrated Act related to Land Acquisition.</p>
<p>
	• Involvement of private sector in supply and distribution of petroleum products.</p>
<p>
	• Tax exemption to personal income of up to Rs 300,000 and family income of up to Rs 350,000 with only 5 per cent income tax on additional Rs 300,000.</p>
<p>
	• Income tax exemption for 5- 10 years to primary sector and secondary sector.</p>
<p>
	FNCCI has also suggested that new budget should be proposed on the last of Falgun, discussed and approved in Chaitra and implemented from Baisakh 1st.</p>
<p>
	<strong>CNI Budget Recommendations&nbsp;</strong></p>
<p>
	• To set “Vision 2080” with aim to increase per-capita income of Nepali to US dollar 3000.&nbsp;</p>
<p>
	• To provide 25 per cent subsidy on the Gross Fixed Assets to the people of backward regions for establishing industries.&nbsp;</p>
<p>
	• Granting Rs 20 million per megawatt as lump sum subsidy to the hydro projects.&nbsp;</p>
<p>
	• Providing 25 per cent exemption on income tax to the industries that employ more than 100 persons.&nbsp;</p>
<p>
	• Introducing or reforming Labour Act, Special Economic Zone Act, Foreign Investment and Technology Transfer Act (FITTA), Anti Dumping and Countervailing Act etc.&nbsp;</p>
<p>
	• Agricultural tools and machinery should be tax free.&nbsp;</p>
<p>
	• Reducing the custom duty on machinery and equipment imported by Nepali construction entrepreneurs.&nbsp;</p>
<p>
	• Removing VAT threshold.&nbsp;</p>
<p>
	• Establish Nepal as country with lowest income tax.</p>
<div>
	 </div>',
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		'Article' => array(
			'id' => '1219',
			'article_category_id' => '50',
			'title' => 'Feedback April 2013',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<strong><br />
	Media Convergence </strong><br />
	<br />
	The new sources of complexity and uncertainty are seen in the new media. It is seen that the media industry is being pessimistic about the changes in media and its impact on the media business and model. There are many opportunities emerging from media business. Media owners also need to determine the relative importance of advertising to their business. The market too seems to be complex because different consumer patterns emerge. But the reality is, new media will go along with old media behaviour offering consumers with various choices. <br />
	<br />
	<strong>Pramila Olee, Teku, Kathmandu </strong><br />
	<br />
	<br />
	<br />
	<strong>Informative Magazine <br />
	</strong><br />
	I think New Business Age should be one of its kind business magazines in Nepal. Articles are so informative and bring this small nation in sync with the rest of the world. I always thought Nepal is one of the most neglected parts of the world. Happy for my distant Maithil relatives in Nepal. <br />
	<br />
	<strong>Ihitashri Shandilya, Managing Director and CEO, MITHILAsmita Art &amp; Craft Pvt Ltd, INDIA</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Room to Improve </strong><br />
	<br />
	The Look of the New Business Age magazines is very good. What a roundup of advertisers! However the copy editing needs tightening. Copy in some stories seems translated from local news, or written by a person who’s thinking in another language and contains some base errors. Overall however, the construct, background and work in stories are solid. The team has its heart in the right place. <br />
	<br />
	The layout can be made much brighter. Quite a few stories appear in pages with a dull gray background. If this is to differentiate the content in any way, then okay, else brighter colours would make things livelier. Overall, it contains a lot of breadth of content, and a lot of content just overall. You might want to look at having some infographics to cut the sheer river of text. <br />
	<br />
	<strong>Karan Rajpal, rajpalkaran@gmail.com</strong><br />
	<br />
	<br />
	<strong><br />
	Holistic Education </strong><br />
	<br />
	Holistic education basically helps students to find identity and purpose in life by connecting to the community, nature and humanitarian value as a whole. This kind of study also helps them to face the challenges that come up in the life. Though, this education is considered to be very effective to understand human affairs, some argue that such spiritual education is not important for today’s competitive world. Thus, holistic education is mostly considered as costly, requires more skilled teachers and various curricular activities. <br />
	<br />
	<strong>Samrat Thapa, Koteswor, Kathmandu</strong><br />
	<br />
	<br />
	<br />
	<strong><br />
	MBA is not for everyone </strong><br />
	<br />
	Being an MBA student means you are being taught one right answer for one problem. It points out your attribute of who you are, offering your perspectives and experiences to your networking targets. MBA is all about collection of your skills, abilities, successes, failures, fears, dreams and hopes. Getting an MBA degree is certainly to have a horse in the race but at the end, the most important degree one need to possess is Human University. <br />
	<br />
	<strong>Ashish Dhungana, MBA student, Whitehouse College</strong><br />
	<br />
	<br />
	<br />
	<br />
	<strong>Mahakumbh: Mahamarket </strong><br />
	<br />
	It takes great ‘entrepreneur skills’ to see business prospects at a truly religious event of Mahakumbh. Obviously, it is one of the largest events where millions of people visit. And people also mean market for doing business. A religious event need not mean a market for only holy products. Therefore the Mahakumbh was also a market for products ranging from fashion accessories such as jewellery and hair accessories for women to herbal medicines and religious souvenirs. Similarly, the management of the entire event could also be a source of knowledge about management. After all managing such a large event where millions of pilgrims flock takes great management skills and mantras to make it happen successfully. <br />
	<br />
	<strong>Abhishek Karki, Godawari, Lalitpur</strong><br />
	<br />
	<br />
	<br />
	 </p>',
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