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First Tube Industry Soon To Be Operational
Nov 30, -0001   0   33 seconds to read

…

Shree Airlines To Add Small Copters
Nov 30, -0001   0   35 seconds to read

…

APP Fails, ADS Being Finalised
Nov 30, -0001   0   34 seconds to read

…

Civil Bank Completes One Year
Nov 30, -0001   0   44 seconds to read

…

Yeti Airlines Donates Money
Nov 30, -0001   0   27 seconds to read

…

Cyberoam Signs Up Cyberstar As Distributor A For SAARC
Nov 30, -0001   0   1 minutes 7 seconds to read

…

Tracks Opened On Mid-Hill Highway
Nov 30, -0001   0   23 seconds to read

…

Transmission Line Projects Kiboshed
Nov 30, -0001   0   1 minutes 46 seconds to read

…

IFIC To Buy 41 Per Cent Share In NB Bank
Nov 30, -0001   0   38 seconds to read

…

NEA Signs PPA With Rasuwagadhi And Mid-Bhotekoshi
Nov 30, -0001   0   59 seconds to read

…

18 Big Businesses Appeal Against IRD
Nov 30, -0001   0   37 seconds to read

…

Surya Nepal Asha Social Entrepreneurship Award
Nov 30, -0001   0   37 seconds to read

…

3 Big Industrial Infrastructure In Far West
Nov 30, -0001   0   41 seconds to read

…

Heritage Carpet Coming
Nov 30, -0001   0   39 seconds to read

…

Casino Nepal Under Malaysian Company
Nov 30, -0001   0   40 seconds to read

…

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No Laughing Matter

The Sweet Rewards of Power

The Sweet Rewards of Power
By Madan Lamsal
. . .
read more »

NEPSE

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			'title' => 'First Tube Industry Soon To Be Operational',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels. Located at Bhaluwa of Sunsari district, Pioneer Rubber Factory is the first industrial unit of Nepal that produces tubes.</p>
<p>
	According to Nanda Kishore Sharda, Chairman of the group, the construction work for the Rs. 50 million factory has completed and is undergoing machine installation. He said that the factory will start sending products to the market within two months. The company plans to start producing tubes used in the cars as well in the next phase. Sharda said the market of the products will be mainly Nepal and India. &nbsp;</p>',
			'published' => true,
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			'description' => 'Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels.',
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			'id' => '568',
			'article_category_id' => '34',
			'title' => 'Shree Airlines To Add Small Copters',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Shree Airlines, a private helicopter company is set to add two small helicopters. As five- and six-seater helicopters are seen ahead in market competition, the company is bringing in ultra modern AS 350 B3E from Eurocopter Company within six months. Such helicopter costs around Rs 200 million.</p>
<p>
	CEO of Shree Airlines Banwari Lal Mittal said the second craft will be brought after three months of bringing the first one. Such agreement has already been made with the Eurocopter. As there is less business for large helicopters and small ones are easy to operate, they have been getting increased attraction from the operators. Currently Shree has been operating with six large MI-17s. &nbsp;</p>',
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			'created' => '2012-02-22',
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			'description' => 'Shree Airlines, a private helicopter company is set to add two small helicopters.',
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			'title' => 'APP Fails, ADS Being Finalised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector. This long term strategy is being devised after the failure of Agriculture Perspective Plan (APP) to meet its goals.</p>
<p>
	Deependra Bahadur Kshetry, Vice Chairman of National Planning Commission said that the APP was failure mainly because of the political disturbances during its implementation days and lack of budget. He also said that the ADS is being prepared as agriculture is too important to be left out just because of the failure of a plan. According to Kshetry implementation ADS will start right after the completion of current three years plan. &nbsp;</p>',
			'published' => true,
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			'description' => 'Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector',
			'sortorder' => '470',
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			'id' => '566',
			'article_category_id' => '34',
			'title' => 'Civil Bank Completes One Year',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="civilbank completes one year" border="5" height="106" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/1st5.jpg" vspace="1" width="200" /></p>
<p>
	Civil Bank Limited has celebrated its first anniversary. The bank that commenced its operations on November 26, 2010, has established 11 branches and launched ATM/Debit Card services through more than 1,350 outlets by using SCT and NPN networks. Kishore Maharjan, CEO of the bank revealed that the bank is planning to open eight branches during the running fiscal year. On the occasion of its anniversary, the Bank has established a social fund named “Civil Bank for Society” (CBFS) to carry out its corporate social responsibilities. </p>
<p>
	CBFS has decided to fully sponsor living and educational expense of three orphans of Samaj Kalyan Bal Griha, Panchkhal and it is planning to provide scholarship to financially distressed students that have outstanding academic performance. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Bank Limited has celebrated its first anniversary',
			'sortorder' => '469',
			'image' => null,
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			'id' => '565',
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			'title' => 'Yeti Airlines Donates Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	As part of its Corporate Social Responsibility (CSR) programme, <img align="right" alt="yeti donates money" border="5" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/yeti.jpg" style="width: 255px; height: 209px;" vspace="2" />Yeti Airlines Domestic (P) Ltd has donated Rs 4 per flight ticket to four social organisations that are involved in various social activities. An amount of Rs 210,141 each was donated to CWIN Nepal, The United Mission to Nepal (UMN), CVICT and Save the Children. The amount was collected during the period of 01 April – 30 September 2011. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
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			'keywords' => '',
			'description' => 'Yeti Airlines Donates Money',
			'sortorder' => '468',
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		'Article' => array(
			'id' => '564',
			'article_category_id' => '34',
			'title' => 'Cyberoam Signs Up Cyberstar As Distributor A For SAARC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Cyberoam, a division of Elitecore Technologies, has appointed Cyberstar International, Singapore as distributor for its Unified Threat Management (UTM) appliances for the SAARC region - Bangladesh, Sri Lanka, Maldives, Nepal and Bhutan. This move is expected to strengthen relationship with corporate and enterprise customers in the SAARC region, say the companies in the announcement.</p>
<p>
	Hemal Patel, CEO Elitecore Technologies said, “The idea of appointing a SAARC distributor came because we wanted to work with a Value Added Distributor (VAD), who could help us in getting more and more partners on board. Cyberstar’s network in the entire region will definitely help us in the long run.” Excited with the partnership, Rajkumar Rathi, Managing Director, Cyberstar said “Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget. We are confident that this partnership has a great future.”</p>
<p>
	Cyberoam is currently one of India’s leading brands in network security and has presence in more than 110 countries worldwide. Cyberoam Identity-based UTM appliances offer comprehensive protection against existing and emerging Internet threats, including viruses, worms, trojans, spyware, phishing, pharming and more, claims the company. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '“Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget',
			'sortorder' => '467',
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			'id' => '563',
			'article_category_id' => '34',
			'title' => 'Tracks Opened On Mid-Hill Highway',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The track-opening has completed in the 1776-KM mid-hill highway that connects Chiyabhanjyang of Pachthar in east and Jhulaghat of Baitadi in far west. Following the completion of the opening of the track, studies have begun for black topping the newly opened tracks of the highway. In other parts, existing roads will be used as the portions of this highway. The total cost of the highway is Rs 43.38 billion. The project began from fiscal year 2007/08. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Tracks Opened On Mid-Hill',
			'sortorder' => '466',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '562',
			'article_category_id' => '34',
			'title' => 'Transmission Line Projects Kiboshed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area.<img align="right" alt="Transmission Line Projects Kiboshed" border="4" height="401" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/power.jpg" vspace="3" width="300" /> This is likely to result in Nepal Electricity Authority (NEA) paying damages to the contractors and the independent power producers (IPPs), say NEA officials. Among the big projects so blocked are Hetauda-Bharatpur (220 KV), Singati-Lamusanghu (132 KV) and Kusum Hapure (132 KV), according to the high officials of Nepal Electricity Authority (NEA). Keshav Prasad Bhattarai, Secretary at Ministry of Forest accepted that there was some delay in case of Hetauda- Bharatpur project and claimed that all the projects are cleared within time. Accoridng to him, it takes between 15 days and one month to grant the clearance from the ministry. However, high officials at NEA say all the projects are suffering the same fate. They also claimed that none of the project is cleared in the time period of 15 days to one month.</p>
<p>
	According to the source, the application for the clearance for Hetauda-Bharatpur line was filed six months ago but not approved till mid-November. Similarly, the file for Kusum-Hapure has been pending at the ministry for four months while the Singati-Lamusangu line has been waiting for the permission for last five months. Though Bhattarai claims that the Singati-Lamosangu project is already cleared by the Ministry, Ramji Bhandari, the Project Manager of the transmission line said a condition put forward by the ministry has rendered it as a rejection of the permission.</p>
<p>
	According to him, the Ministry has required the project to buy a land plant trees there to compensate for the trees to be fell down in the project area. “This is impractical. Never had the Ministry put such a condition in the past,” he said. The Ministry’s condition requires that 25 new trees be planted for every tree felled in the project area. That requires hundreds of acres of land to purchase, he said. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area',
			'sortorder' => '465',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
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		'Article' => array(
			'id' => '561',
			'article_category_id' => '34',
			'title' => 'IFIC To Buy 41 Per Cent Share In NB Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB). After the deal is executed, IFIC’s stake in NBB will reach 51 per cent from the present 10 percent.</p>
<p>
	According to the details submitted to the Nepal Stock Exchange (NEPSE) by NBB, its existing shareholder IFIC has begun the process to buy 15 per cent promoter shares in NBB from Bank Asia, a Bangladeshi bank, and 26 per cent promoter shares from NB Group, the Nepali promoters of NBB.</p>
<p>
	IFIC has filed an application at the central bank of Bangladesh seeking approval of the deal. After receiving the approval from the Bangladesh central bank, IFIC has to seek an approval from Nepal’s central bank as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB).',
			'sortorder' => '464',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '560',
			'article_category_id' => '34',
			'title' => 'NEA Signs PPA With Rasuwagadhi And Mid-Bhotekoshi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company. The price under these PPAs is Rs 8.40 per unit in dry season and Rs 4.80 during wet seasons, according to Sher Singh Bhat, NEA’s Chief of Electricity Trading Department.</p>
<p>
	According to the agreement, both the projects are allowed price escalation of 3 per cent per annum up to eight times from the date of the start of commercial power production. While Rasuwagadhi project is estimated to cost Rs 13.68 billion it is Rs. 12.28 in Mid-Bhotekoshi. The cost will be financed by loans and share investment in 50/50 ratio. Employees Provident Fund has promised a loan of Rs 6.225 billion for Rasuwagadhi and Rs 6.21 billion for Mid-Bhotekoshi.</p>
<p>
	Similarly, in Rasuwagadhi and Mid-Bhotekoshi, Chilime will have share investment of 33 and 38 per cent respectively while NEA will have 18 and 10 per cent respectively. Employees Provident Fund Depositors will have 19.5 per cent share on both the projects.</p>
<p>
	Likewise, employees of Chilime will have 4.5 per cent shares while the people of the project-affected districts will have 10 per cent and other general public will have 15 per cent. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company.',
			'sortorder' => '463',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '559',
			'article_category_id' => '34',
			'title' => '18 Big Businesses Appeal Against IRD',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD). Such businesses include Jagadamba Steel, CGGC Chamelia (a contractor of Chamelia project), Arun Intercontinental, The Explore Nepal and Shakti Commercial Enterprises. </p>
<p>
	Well over Rs 630 million in state revenue is said to be evaded by these 18 business houses according to IRD which also claims that more than Rs 3 billion in taxes is evaded by 437 business houses. According to the law, a party not satisfied with the decision of the IRD can appeal at the revenue tribunal within 35 days by depositing 50 per cent of the penalty amount imposed by IRD. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD).',
			'sortorder' => '462',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '558',
			'article_category_id' => '34',
			'title' => 'Surya Nepal Asha Social Entrepreneurship Award',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="" border="4" height="201" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/surya.jpg" vspace="1" width="300" /></p>
<p>
	The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants. Ram Sapkota (Mountain Delights Treks and Expedition and Tukee Nepal, Jyamrung), Sabita Maharjan (Kirtipur Hosiery, Kirtipur), Shyam Badan Yadav (Kalash Milk Industry, Dhorey Village, Parsa), Vijaya Develoment Resource Centre (VDRC, Nawalparasi) and Chhahari Services (Kathmandu) were awarded a cash prize of Rs 100,000 each by Surya Nepal Private Limited along with the opportunity of networking through ChangeFusion Nepal</p>
<p>
	. Surya Nepal Asha Social Entrepreneurship Award 2011 was sponsored by Surya Nepal Private Limited, organised by ChangeFusion Nepal and supported by NBI. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants',
			'sortorder' => '461',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '557',
			'article_category_id' => '34',
			'title' => '3 Big Industrial Infrastructure In Far West',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region. Among those is a special economic zone (SEZ) that will be set up in Kailali district. The other two will be in Kanchanpur district of which one is Far Western Industrial Estate and a dry port. Minister Jha said, the dry port will be in Dodhara-Chadani area. At a press meet on November 10, Jha promised to deploy a team of technician and specialists for detailed studies for these three projects. He also urged investors to look into opportunities in the far west.</p>
<p>
	The SEZ project has been under proposal for a number of years and the budget released by successive previous governments for this project has been freezing. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region.',
			'sortorder' => '460',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
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	(int) 13 => array(
		'Article' => array(
			'id' => '556',
			'article_category_id' => '34',
			'title' => 'Heritage Carpet Coming',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December. The industry at Thankot, set up with Rs 200 million, is planning to produce quality carpets with the brand name Heritage. </p>
<p>
	According to Yubraj Dhakal, Director of the company, 95 per cent of factory set up has completed. The factory can produce 5-6,000 metres of carpet every day. Dhakal said that the carpets produced by the company will be of premium quality and price. So, the company is also planning to export it to India.</p>
<p>
	According to the company, more than 50 people will be getting direct employment while equal number of people will be getting indirect employment opportunities. Lately, the demand for good quality carpets is on the rise. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December.',
			'sortorder' => '459',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '555',
			'article_category_id' => '34',
			'title' => 'Casino Nepal Under Malaysian Company',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza. The same company has been managing Casino Shangri- La as well. Bodh Bikram Pandey, Director of SM and Casino Shangri-La confirmed that an agreement has been signed between both the parties to manage the CN.</p>
<p>
	According to the agreement the number of workers at the CN will be reduced to 500 from the present 775. SM has agreed to provide Rs 160 million to pay salaries and allowances to retired workers as well as the outstanding salary to the retained workers. . </p>
<p>
	CN had remained closed for three months and it has to pay Rs 140 million as taxes to the government as of the end of the fiscal year 2010/11. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza',
			'sortorder' => '458',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '569',
			'article_category_id' => '34',
			'title' => 'First Tube Industry Soon To Be Operational',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels. Located at Bhaluwa of Sunsari district, Pioneer Rubber Factory is the first industrial unit of Nepal that produces tubes.</p>
<p>
	According to Nanda Kishore Sharda, Chairman of the group, the construction work for the Rs. 50 million factory has completed and is undergoing machine installation. He said that the factory will start sending products to the market within two months. The company plans to start producing tubes used in the cars as well in the next phase. Sharda said the market of the products will be mainly Nepal and India. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels.',
			'sortorder' => '472',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 1 => array(
		'Article' => array(
			'id' => '568',
			'article_category_id' => '34',
			'title' => 'Shree Airlines To Add Small Copters',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Shree Airlines, a private helicopter company is set to add two small helicopters. As five- and six-seater helicopters are seen ahead in market competition, the company is bringing in ultra modern AS 350 B3E from Eurocopter Company within six months. Such helicopter costs around Rs 200 million.</p>
<p>
	CEO of Shree Airlines Banwari Lal Mittal said the second craft will be brought after three months of bringing the first one. Such agreement has already been made with the Eurocopter. As there is less business for large helicopters and small ones are easy to operate, they have been getting increased attraction from the operators. Currently Shree has been operating with six large MI-17s. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Shree Airlines, a private helicopter company is set to add two small helicopters.',
			'sortorder' => '471',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '567',
			'article_category_id' => '34',
			'title' => 'APP Fails, ADS Being Finalised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector. This long term strategy is being devised after the failure of Agriculture Perspective Plan (APP) to meet its goals.</p>
<p>
	Deependra Bahadur Kshetry, Vice Chairman of National Planning Commission said that the APP was failure mainly because of the political disturbances during its implementation days and lack of budget. He also said that the ADS is being prepared as agriculture is too important to be left out just because of the failure of a plan. According to Kshetry implementation ADS will start right after the completion of current three years plan. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector',
			'sortorder' => '470',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '566',
			'article_category_id' => '34',
			'title' => 'Civil Bank Completes One Year',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="civilbank completes one year" border="5" height="106" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/1st5.jpg" vspace="1" width="200" /></p>
<p>
	Civil Bank Limited has celebrated its first anniversary. The bank that commenced its operations on November 26, 2010, has established 11 branches and launched ATM/Debit Card services through more than 1,350 outlets by using SCT and NPN networks. Kishore Maharjan, CEO of the bank revealed that the bank is planning to open eight branches during the running fiscal year. On the occasion of its anniversary, the Bank has established a social fund named “Civil Bank for Society” (CBFS) to carry out its corporate social responsibilities. </p>
<p>
	CBFS has decided to fully sponsor living and educational expense of three orphans of Samaj Kalyan Bal Griha, Panchkhal and it is planning to provide scholarship to financially distressed students that have outstanding academic performance. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Bank Limited has celebrated its first anniversary',
			'sortorder' => '469',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '565',
			'article_category_id' => '34',
			'title' => 'Yeti Airlines Donates Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	As part of its Corporate Social Responsibility (CSR) programme, <img align="right" alt="yeti donates money" border="5" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/yeti.jpg" style="width: 255px; height: 209px;" vspace="2" />Yeti Airlines Domestic (P) Ltd has donated Rs 4 per flight ticket to four social organisations that are involved in various social activities. An amount of Rs 210,141 each was donated to CWIN Nepal, The United Mission to Nepal (UMN), CVICT and Save the Children. The amount was collected during the period of 01 April – 30 September 2011. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Yeti Airlines Donates Money',
			'sortorder' => '468',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '564',
			'article_category_id' => '34',
			'title' => 'Cyberoam Signs Up Cyberstar As Distributor A For SAARC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Cyberoam, a division of Elitecore Technologies, has appointed Cyberstar International, Singapore as distributor for its Unified Threat Management (UTM) appliances for the SAARC region - Bangladesh, Sri Lanka, Maldives, Nepal and Bhutan. This move is expected to strengthen relationship with corporate and enterprise customers in the SAARC region, say the companies in the announcement.</p>
<p>
	Hemal Patel, CEO Elitecore Technologies said, “The idea of appointing a SAARC distributor came because we wanted to work with a Value Added Distributor (VAD), who could help us in getting more and more partners on board. Cyberstar’s network in the entire region will definitely help us in the long run.” Excited with the partnership, Rajkumar Rathi, Managing Director, Cyberstar said “Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget. We are confident that this partnership has a great future.”</p>
<p>
	Cyberoam is currently one of India’s leading brands in network security and has presence in more than 110 countries worldwide. Cyberoam Identity-based UTM appliances offer comprehensive protection against existing and emerging Internet threats, including viruses, worms, trojans, spyware, phishing, pharming and more, claims the company. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '“Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget',
			'sortorder' => '467',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '563',
			'article_category_id' => '34',
			'title' => 'Tracks Opened On Mid-Hill Highway',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The track-opening has completed in the 1776-KM mid-hill highway that connects Chiyabhanjyang of Pachthar in east and Jhulaghat of Baitadi in far west. Following the completion of the opening of the track, studies have begun for black topping the newly opened tracks of the highway. In other parts, existing roads will be used as the portions of this highway. The total cost of the highway is Rs 43.38 billion. The project began from fiscal year 2007/08. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Tracks Opened On Mid-Hill',
			'sortorder' => '466',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '562',
			'article_category_id' => '34',
			'title' => 'Transmission Line Projects Kiboshed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area.<img align="right" alt="Transmission Line Projects Kiboshed" border="4" height="401" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/power.jpg" vspace="3" width="300" /> This is likely to result in Nepal Electricity Authority (NEA) paying damages to the contractors and the independent power producers (IPPs), say NEA officials. Among the big projects so blocked are Hetauda-Bharatpur (220 KV), Singati-Lamusanghu (132 KV) and Kusum Hapure (132 KV), according to the high officials of Nepal Electricity Authority (NEA). Keshav Prasad Bhattarai, Secretary at Ministry of Forest accepted that there was some delay in case of Hetauda- Bharatpur project and claimed that all the projects are cleared within time. Accoridng to him, it takes between 15 days and one month to grant the clearance from the ministry. However, high officials at NEA say all the projects are suffering the same fate. They also claimed that none of the project is cleared in the time period of 15 days to one month.</p>
<p>
	According to the source, the application for the clearance for Hetauda-Bharatpur line was filed six months ago but not approved till mid-November. Similarly, the file for Kusum-Hapure has been pending at the ministry for four months while the Singati-Lamusangu line has been waiting for the permission for last five months. Though Bhattarai claims that the Singati-Lamosangu project is already cleared by the Ministry, Ramji Bhandari, the Project Manager of the transmission line said a condition put forward by the ministry has rendered it as a rejection of the permission.</p>
<p>
	According to him, the Ministry has required the project to buy a land plant trees there to compensate for the trees to be fell down in the project area. “This is impractical. Never had the Ministry put such a condition in the past,” he said. The Ministry’s condition requires that 25 new trees be planted for every tree felled in the project area. That requires hundreds of acres of land to purchase, he said. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area',
			'sortorder' => '465',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '561',
			'article_category_id' => '34',
			'title' => 'IFIC To Buy 41 Per Cent Share In NB Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB). After the deal is executed, IFIC’s stake in NBB will reach 51 per cent from the present 10 percent.</p>
<p>
	According to the details submitted to the Nepal Stock Exchange (NEPSE) by NBB, its existing shareholder IFIC has begun the process to buy 15 per cent promoter shares in NBB from Bank Asia, a Bangladeshi bank, and 26 per cent promoter shares from NB Group, the Nepali promoters of NBB.</p>
<p>
	IFIC has filed an application at the central bank of Bangladesh seeking approval of the deal. After receiving the approval from the Bangladesh central bank, IFIC has to seek an approval from Nepal’s central bank as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB).',
			'sortorder' => '464',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '560',
			'article_category_id' => '34',
			'title' => 'NEA Signs PPA With Rasuwagadhi And Mid-Bhotekoshi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company. The price under these PPAs is Rs 8.40 per unit in dry season and Rs 4.80 during wet seasons, according to Sher Singh Bhat, NEA’s Chief of Electricity Trading Department.</p>
<p>
	According to the agreement, both the projects are allowed price escalation of 3 per cent per annum up to eight times from the date of the start of commercial power production. While Rasuwagadhi project is estimated to cost Rs 13.68 billion it is Rs. 12.28 in Mid-Bhotekoshi. The cost will be financed by loans and share investment in 50/50 ratio. Employees Provident Fund has promised a loan of Rs 6.225 billion for Rasuwagadhi and Rs 6.21 billion for Mid-Bhotekoshi.</p>
<p>
	Similarly, in Rasuwagadhi and Mid-Bhotekoshi, Chilime will have share investment of 33 and 38 per cent respectively while NEA will have 18 and 10 per cent respectively. Employees Provident Fund Depositors will have 19.5 per cent share on both the projects.</p>
<p>
	Likewise, employees of Chilime will have 4.5 per cent shares while the people of the project-affected districts will have 10 per cent and other general public will have 15 per cent. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company.',
			'sortorder' => '463',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 10 => array(
		'Article' => array(
			'id' => '559',
			'article_category_id' => '34',
			'title' => '18 Big Businesses Appeal Against IRD',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD). Such businesses include Jagadamba Steel, CGGC Chamelia (a contractor of Chamelia project), Arun Intercontinental, The Explore Nepal and Shakti Commercial Enterprises. </p>
<p>
	Well over Rs 630 million in state revenue is said to be evaded by these 18 business houses according to IRD which also claims that more than Rs 3 billion in taxes is evaded by 437 business houses. According to the law, a party not satisfied with the decision of the IRD can appeal at the revenue tribunal within 35 days by depositing 50 per cent of the penalty amount imposed by IRD. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD).',
			'sortorder' => '462',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '558',
			'article_category_id' => '34',
			'title' => 'Surya Nepal Asha Social Entrepreneurship Award',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="" border="4" height="201" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/surya.jpg" vspace="1" width="300" /></p>
<p>
	The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants. Ram Sapkota (Mountain Delights Treks and Expedition and Tukee Nepal, Jyamrung), Sabita Maharjan (Kirtipur Hosiery, Kirtipur), Shyam Badan Yadav (Kalash Milk Industry, Dhorey Village, Parsa), Vijaya Develoment Resource Centre (VDRC, Nawalparasi) and Chhahari Services (Kathmandu) were awarded a cash prize of Rs 100,000 each by Surya Nepal Private Limited along with the opportunity of networking through ChangeFusion Nepal</p>
<p>
	. Surya Nepal Asha Social Entrepreneurship Award 2011 was sponsored by Surya Nepal Private Limited, organised by ChangeFusion Nepal and supported by NBI. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants',
			'sortorder' => '461',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '557',
			'article_category_id' => '34',
			'title' => '3 Big Industrial Infrastructure In Far West',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region. Among those is a special economic zone (SEZ) that will be set up in Kailali district. The other two will be in Kanchanpur district of which one is Far Western Industrial Estate and a dry port. Minister Jha said, the dry port will be in Dodhara-Chadani area. At a press meet on November 10, Jha promised to deploy a team of technician and specialists for detailed studies for these three projects. He also urged investors to look into opportunities in the far west.</p>
<p>
	The SEZ project has been under proposal for a number of years and the budget released by successive previous governments for this project has been freezing. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region.',
			'sortorder' => '460',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 13 => array(
		'Article' => array(
			'id' => '556',
			'article_category_id' => '34',
			'title' => 'Heritage Carpet Coming',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December. The industry at Thankot, set up with Rs 200 million, is planning to produce quality carpets with the brand name Heritage. </p>
<p>
	According to Yubraj Dhakal, Director of the company, 95 per cent of factory set up has completed. The factory can produce 5-6,000 metres of carpet every day. Dhakal said that the carpets produced by the company will be of premium quality and price. So, the company is also planning to export it to India.</p>
<p>
	According to the company, more than 50 people will be getting direct employment while equal number of people will be getting indirect employment opportunities. Lately, the demand for good quality carpets is on the rise. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December.',
			'sortorder' => '459',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '555',
			'article_category_id' => '34',
			'title' => 'Casino Nepal Under Malaysian Company',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza. The same company has been managing Casino Shangri- La as well. Bodh Bikram Pandey, Director of SM and Casino Shangri-La confirmed that an agreement has been signed between both the parties to manage the CN.</p>
<p>
	According to the agreement the number of workers at the CN will be reduced to 500 from the present 775. SM has agreed to provide Rs 160 million to pay salaries and allowances to retired workers as well as the outstanding salary to the retained workers. . </p>
<p>
	CN had remained closed for three months and it has to pay Rs 140 million as taxes to the government as of the end of the fiscal year 2010/11. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza',
			'sortorder' => '458',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '569',
			'article_category_id' => '34',
			'title' => 'First Tube Industry Soon To Be Operational',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels. Located at Bhaluwa of Sunsari district, Pioneer Rubber Factory is the first industrial unit of Nepal that produces tubes.</p>
<p>
	According to Nanda Kishore Sharda, Chairman of the group, the construction work for the Rs. 50 million factory has completed and is undergoing machine installation. He said that the factory will start sending products to the market within two months. The company plans to start producing tubes used in the cars as well in the next phase. Sharda said the market of the products will be mainly Nepal and India. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels.',
			'sortorder' => '472',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '568',
			'article_category_id' => '34',
			'title' => 'Shree Airlines To Add Small Copters',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Shree Airlines, a private helicopter company is set to add two small helicopters. As five- and six-seater helicopters are seen ahead in market competition, the company is bringing in ultra modern AS 350 B3E from Eurocopter Company within six months. Such helicopter costs around Rs 200 million.</p>
<p>
	CEO of Shree Airlines Banwari Lal Mittal said the second craft will be brought after three months of bringing the first one. Such agreement has already been made with the Eurocopter. As there is less business for large helicopters and small ones are easy to operate, they have been getting increased attraction from the operators. Currently Shree has been operating with six large MI-17s. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Shree Airlines, a private helicopter company is set to add two small helicopters.',
			'sortorder' => '471',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '567',
			'article_category_id' => '34',
			'title' => 'APP Fails, ADS Being Finalised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector. This long term strategy is being devised after the failure of Agriculture Perspective Plan (APP) to meet its goals.</p>
<p>
	Deependra Bahadur Kshetry, Vice Chairman of National Planning Commission said that the APP was failure mainly because of the political disturbances during its implementation days and lack of budget. He also said that the ADS is being prepared as agriculture is too important to be left out just because of the failure of a plan. According to Kshetry implementation ADS will start right after the completion of current three years plan. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector',
			'sortorder' => '470',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '566',
			'article_category_id' => '34',
			'title' => 'Civil Bank Completes One Year',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="civilbank completes one year" border="5" height="106" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/1st5.jpg" vspace="1" width="200" /></p>
<p>
	Civil Bank Limited has celebrated its first anniversary. The bank that commenced its operations on November 26, 2010, has established 11 branches and launched ATM/Debit Card services through more than 1,350 outlets by using SCT and NPN networks. Kishore Maharjan, CEO of the bank revealed that the bank is planning to open eight branches during the running fiscal year. On the occasion of its anniversary, the Bank has established a social fund named “Civil Bank for Society” (CBFS) to carry out its corporate social responsibilities. </p>
<p>
	CBFS has decided to fully sponsor living and educational expense of three orphans of Samaj Kalyan Bal Griha, Panchkhal and it is planning to provide scholarship to financially distressed students that have outstanding academic performance. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Bank Limited has celebrated its first anniversary',
			'sortorder' => '469',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '565',
			'article_category_id' => '34',
			'title' => 'Yeti Airlines Donates Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	As part of its Corporate Social Responsibility (CSR) programme, <img align="right" alt="yeti donates money" border="5" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/yeti.jpg" style="width: 255px; height: 209px;" vspace="2" />Yeti Airlines Domestic (P) Ltd has donated Rs 4 per flight ticket to four social organisations that are involved in various social activities. An amount of Rs 210,141 each was donated to CWIN Nepal, The United Mission to Nepal (UMN), CVICT and Save the Children. The amount was collected during the period of 01 April – 30 September 2011. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Yeti Airlines Donates Money',
			'sortorder' => '468',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '564',
			'article_category_id' => '34',
			'title' => 'Cyberoam Signs Up Cyberstar As Distributor A For SAARC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Cyberoam, a division of Elitecore Technologies, has appointed Cyberstar International, Singapore as distributor for its Unified Threat Management (UTM) appliances for the SAARC region - Bangladesh, Sri Lanka, Maldives, Nepal and Bhutan. This move is expected to strengthen relationship with corporate and enterprise customers in the SAARC region, say the companies in the announcement.</p>
<p>
	Hemal Patel, CEO Elitecore Technologies said, “The idea of appointing a SAARC distributor came because we wanted to work with a Value Added Distributor (VAD), who could help us in getting more and more partners on board. Cyberstar’s network in the entire region will definitely help us in the long run.” Excited with the partnership, Rajkumar Rathi, Managing Director, Cyberstar said “Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget. We are confident that this partnership has a great future.”</p>
<p>
	Cyberoam is currently one of India’s leading brands in network security and has presence in more than 110 countries worldwide. Cyberoam Identity-based UTM appliances offer comprehensive protection against existing and emerging Internet threats, including viruses, worms, trojans, spyware, phishing, pharming and more, claims the company. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '“Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget',
			'sortorder' => '467',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 6 => array(
		'Article' => array(
			'id' => '563',
			'article_category_id' => '34',
			'title' => 'Tracks Opened On Mid-Hill Highway',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The track-opening has completed in the 1776-KM mid-hill highway that connects Chiyabhanjyang of Pachthar in east and Jhulaghat of Baitadi in far west. Following the completion of the opening of the track, studies have begun for black topping the newly opened tracks of the highway. In other parts, existing roads will be used as the portions of this highway. The total cost of the highway is Rs 43.38 billion. The project began from fiscal year 2007/08. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Tracks Opened On Mid-Hill',
			'sortorder' => '466',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '562',
			'article_category_id' => '34',
			'title' => 'Transmission Line Projects Kiboshed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area.<img align="right" alt="Transmission Line Projects Kiboshed" border="4" height="401" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/power.jpg" vspace="3" width="300" /> This is likely to result in Nepal Electricity Authority (NEA) paying damages to the contractors and the independent power producers (IPPs), say NEA officials. Among the big projects so blocked are Hetauda-Bharatpur (220 KV), Singati-Lamusanghu (132 KV) and Kusum Hapure (132 KV), according to the high officials of Nepal Electricity Authority (NEA). Keshav Prasad Bhattarai, Secretary at Ministry of Forest accepted that there was some delay in case of Hetauda- Bharatpur project and claimed that all the projects are cleared within time. Accoridng to him, it takes between 15 days and one month to grant the clearance from the ministry. However, high officials at NEA say all the projects are suffering the same fate. They also claimed that none of the project is cleared in the time period of 15 days to one month.</p>
<p>
	According to the source, the application for the clearance for Hetauda-Bharatpur line was filed six months ago but not approved till mid-November. Similarly, the file for Kusum-Hapure has been pending at the ministry for four months while the Singati-Lamusangu line has been waiting for the permission for last five months. Though Bhattarai claims that the Singati-Lamosangu project is already cleared by the Ministry, Ramji Bhandari, the Project Manager of the transmission line said a condition put forward by the ministry has rendered it as a rejection of the permission.</p>
<p>
	According to him, the Ministry has required the project to buy a land plant trees there to compensate for the trees to be fell down in the project area. “This is impractical. Never had the Ministry put such a condition in the past,” he said. The Ministry’s condition requires that 25 new trees be planted for every tree felled in the project area. That requires hundreds of acres of land to purchase, he said. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area',
			'sortorder' => '465',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '561',
			'article_category_id' => '34',
			'title' => 'IFIC To Buy 41 Per Cent Share In NB Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB). After the deal is executed, IFIC’s stake in NBB will reach 51 per cent from the present 10 percent.</p>
<p>
	According to the details submitted to the Nepal Stock Exchange (NEPSE) by NBB, its existing shareholder IFIC has begun the process to buy 15 per cent promoter shares in NBB from Bank Asia, a Bangladeshi bank, and 26 per cent promoter shares from NB Group, the Nepali promoters of NBB.</p>
<p>
	IFIC has filed an application at the central bank of Bangladesh seeking approval of the deal. After receiving the approval from the Bangladesh central bank, IFIC has to seek an approval from Nepal’s central bank as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB).',
			'sortorder' => '464',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '560',
			'article_category_id' => '34',
			'title' => 'NEA Signs PPA With Rasuwagadhi And Mid-Bhotekoshi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company. The price under these PPAs is Rs 8.40 per unit in dry season and Rs 4.80 during wet seasons, according to Sher Singh Bhat, NEA’s Chief of Electricity Trading Department.</p>
<p>
	According to the agreement, both the projects are allowed price escalation of 3 per cent per annum up to eight times from the date of the start of commercial power production. While Rasuwagadhi project is estimated to cost Rs 13.68 billion it is Rs. 12.28 in Mid-Bhotekoshi. The cost will be financed by loans and share investment in 50/50 ratio. Employees Provident Fund has promised a loan of Rs 6.225 billion for Rasuwagadhi and Rs 6.21 billion for Mid-Bhotekoshi.</p>
<p>
	Similarly, in Rasuwagadhi and Mid-Bhotekoshi, Chilime will have share investment of 33 and 38 per cent respectively while NEA will have 18 and 10 per cent respectively. Employees Provident Fund Depositors will have 19.5 per cent share on both the projects.</p>
<p>
	Likewise, employees of Chilime will have 4.5 per cent shares while the people of the project-affected districts will have 10 per cent and other general public will have 15 per cent. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company.',
			'sortorder' => '463',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '559',
			'article_category_id' => '34',
			'title' => '18 Big Businesses Appeal Against IRD',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD). Such businesses include Jagadamba Steel, CGGC Chamelia (a contractor of Chamelia project), Arun Intercontinental, The Explore Nepal and Shakti Commercial Enterprises. </p>
<p>
	Well over Rs 630 million in state revenue is said to be evaded by these 18 business houses according to IRD which also claims that more than Rs 3 billion in taxes is evaded by 437 business houses. According to the law, a party not satisfied with the decision of the IRD can appeal at the revenue tribunal within 35 days by depositing 50 per cent of the penalty amount imposed by IRD. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD).',
			'sortorder' => '462',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '558',
			'article_category_id' => '34',
			'title' => 'Surya Nepal Asha Social Entrepreneurship Award',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="" border="4" height="201" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/surya.jpg" vspace="1" width="300" /></p>
<p>
	The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants. Ram Sapkota (Mountain Delights Treks and Expedition and Tukee Nepal, Jyamrung), Sabita Maharjan (Kirtipur Hosiery, Kirtipur), Shyam Badan Yadav (Kalash Milk Industry, Dhorey Village, Parsa), Vijaya Develoment Resource Centre (VDRC, Nawalparasi) and Chhahari Services (Kathmandu) were awarded a cash prize of Rs 100,000 each by Surya Nepal Private Limited along with the opportunity of networking through ChangeFusion Nepal</p>
<p>
	. Surya Nepal Asha Social Entrepreneurship Award 2011 was sponsored by Surya Nepal Private Limited, organised by ChangeFusion Nepal and supported by NBI. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants',
			'sortorder' => '461',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '557',
			'article_category_id' => '34',
			'title' => '3 Big Industrial Infrastructure In Far West',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region. Among those is a special economic zone (SEZ) that will be set up in Kailali district. The other two will be in Kanchanpur district of which one is Far Western Industrial Estate and a dry port. Minister Jha said, the dry port will be in Dodhara-Chadani area. At a press meet on November 10, Jha promised to deploy a team of technician and specialists for detailed studies for these three projects. He also urged investors to look into opportunities in the far west.</p>
<p>
	The SEZ project has been under proposal for a number of years and the budget released by successive previous governments for this project has been freezing. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region.',
			'sortorder' => '460',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '556',
			'article_category_id' => '34',
			'title' => 'Heritage Carpet Coming',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December. The industry at Thankot, set up with Rs 200 million, is planning to produce quality carpets with the brand name Heritage. </p>
<p>
	According to Yubraj Dhakal, Director of the company, 95 per cent of factory set up has completed. The factory can produce 5-6,000 metres of carpet every day. Dhakal said that the carpets produced by the company will be of premium quality and price. So, the company is also planning to export it to India.</p>
<p>
	According to the company, more than 50 people will be getting direct employment while equal number of people will be getting indirect employment opportunities. Lately, the demand for good quality carpets is on the rise. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December.',
			'sortorder' => '459',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '555',
			'article_category_id' => '34',
			'title' => 'Casino Nepal Under Malaysian Company',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza. The same company has been managing Casino Shangri- La as well. Bodh Bikram Pandey, Director of SM and Casino Shangri-La confirmed that an agreement has been signed between both the parties to manage the CN.</p>
<p>
	According to the agreement the number of workers at the CN will be reduced to 500 from the present 775. SM has agreed to provide Rs 160 million to pay salaries and allowances to retired workers as well as the outstanding salary to the retained workers. . </p>
<p>
	CN had remained closed for three months and it has to pay Rs 140 million as taxes to the government as of the end of the fiscal year 2010/11. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza',
			'sortorder' => '458',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
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			'Article' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '569',
			'article_category_id' => '34',
			'title' => 'First Tube Industry Soon To Be Operational',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels. Located at Bhaluwa of Sunsari district, Pioneer Rubber Factory is the first industrial unit of Nepal that produces tubes.</p>
<p>
	According to Nanda Kishore Sharda, Chairman of the group, the construction work for the Rs. 50 million factory has completed and is undergoing machine installation. He said that the factory will start sending products to the market within two months. The company plans to start producing tubes used in the cars as well in the next phase. Sharda said the market of the products will be mainly Nepal and India. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Sharda Group of Biratnagar has set up a factory to produce tubes used in motorcycle wheels.',
			'sortorder' => '472',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '568',
			'article_category_id' => '34',
			'title' => 'Shree Airlines To Add Small Copters',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Shree Airlines, a private helicopter company is set to add two small helicopters. As five- and six-seater helicopters are seen ahead in market competition, the company is bringing in ultra modern AS 350 B3E from Eurocopter Company within six months. Such helicopter costs around Rs 200 million.</p>
<p>
	CEO of Shree Airlines Banwari Lal Mittal said the second craft will be brought after three months of bringing the first one. Such agreement has already been made with the Eurocopter. As there is less business for large helicopters and small ones are easy to operate, they have been getting increased attraction from the operators. Currently Shree has been operating with six large MI-17s. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Shree Airlines, a private helicopter company is set to add two small helicopters.',
			'sortorder' => '471',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '567',
			'article_category_id' => '34',
			'title' => 'APP Fails, ADS Being Finalised',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector. This long term strategy is being devised after the failure of Agriculture Perspective Plan (APP) to meet its goals.</p>
<p>
	Deependra Bahadur Kshetry, Vice Chairman of National Planning Commission said that the APP was failure mainly because of the political disturbances during its implementation days and lack of budget. He also said that the ADS is being prepared as agriculture is too important to be left out just because of the failure of a plan. According to Kshetry implementation ADS will start right after the completion of current three years plan. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Ministry of Agriculture and Cooperatives has planned 20-years Agriculture Development Strategy (ADS) to promote and develop the agriculture sector',
			'sortorder' => '470',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	(int) 3 => array(
		'Article' => array(
			'id' => '566',
			'article_category_id' => '34',
			'title' => 'Civil Bank Completes One Year',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="civilbank completes one year" border="5" height="106" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/1st5.jpg" vspace="1" width="200" /></p>
<p>
	Civil Bank Limited has celebrated its first anniversary. The bank that commenced its operations on November 26, 2010, has established 11 branches and launched ATM/Debit Card services through more than 1,350 outlets by using SCT and NPN networks. Kishore Maharjan, CEO of the bank revealed that the bank is planning to open eight branches during the running fiscal year. On the occasion of its anniversary, the Bank has established a social fund named “Civil Bank for Society” (CBFS) to carry out its corporate social responsibilities. </p>
<p>
	CBFS has decided to fully sponsor living and educational expense of three orphans of Samaj Kalyan Bal Griha, Panchkhal and it is planning to provide scholarship to financially distressed students that have outstanding academic performance. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Civil Bank Limited has celebrated its first anniversary',
			'sortorder' => '469',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '565',
			'article_category_id' => '34',
			'title' => 'Yeti Airlines Donates Money',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	As part of its Corporate Social Responsibility (CSR) programme, <img align="right" alt="yeti donates money" border="5" hspace="2" src="http://newbusinessage.com/ckfinder/userfiles/Images/yeti.jpg" style="width: 255px; height: 209px;" vspace="2" />Yeti Airlines Domestic (P) Ltd has donated Rs 4 per flight ticket to four social organisations that are involved in various social activities. An amount of Rs 210,141 each was donated to CWIN Nepal, The United Mission to Nepal (UMN), CVICT and Save the Children. The amount was collected during the period of 01 April – 30 September 2011. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Yeti Airlines Donates Money',
			'sortorder' => '468',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '564',
			'article_category_id' => '34',
			'title' => 'Cyberoam Signs Up Cyberstar As Distributor A For SAARC',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Cyberoam, a division of Elitecore Technologies, has appointed Cyberstar International, Singapore as distributor for its Unified Threat Management (UTM) appliances for the SAARC region - Bangladesh, Sri Lanka, Maldives, Nepal and Bhutan. This move is expected to strengthen relationship with corporate and enterprise customers in the SAARC region, say the companies in the announcement.</p>
<p>
	Hemal Patel, CEO Elitecore Technologies said, “The idea of appointing a SAARC distributor came because we wanted to work with a Value Added Distributor (VAD), who could help us in getting more and more partners on board. Cyberstar’s network in the entire region will definitely help us in the long run.” Excited with the partnership, Rajkumar Rathi, Managing Director, Cyberstar said “Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget. We are confident that this partnership has a great future.”</p>
<p>
	Cyberoam is currently one of India’s leading brands in network security and has presence in more than 110 countries worldwide. Cyberoam Identity-based UTM appliances offer comprehensive protection against existing and emerging Internet threats, including viruses, worms, trojans, spyware, phishing, pharming and more, claims the company. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => '“Cyberoam has grown tremendously in last couple of years, especially in India. So, for across our immediate neighbourhood, Cyberoam will complete our portfolio and gives us the possibility to extend our customers with a complete network security solution that fits every size and budget',
			'sortorder' => '467',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '563',
			'article_category_id' => '34',
			'title' => 'Tracks Opened On Mid-Hill Highway',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	The track-opening has completed in the 1776-KM mid-hill highway that connects Chiyabhanjyang of Pachthar in east and Jhulaghat of Baitadi in far west. Following the completion of the opening of the track, studies have begun for black topping the newly opened tracks of the highway. In other parts, existing roads will be used as the portions of this highway. The total cost of the highway is Rs 43.38 billion. The project began from fiscal year 2007/08. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Tracks Opened On Mid-Hill',
			'sortorder' => '466',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '562',
			'article_category_id' => '34',
			'title' => 'Transmission Line Projects Kiboshed',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area.<img align="right" alt="Transmission Line Projects Kiboshed" border="4" height="401" hspace="3" src="http://newbusinessage.com/ckfinder/userfiles/Images/power.jpg" vspace="3" width="300" /> This is likely to result in Nepal Electricity Authority (NEA) paying damages to the contractors and the independent power producers (IPPs), say NEA officials. Among the big projects so blocked are Hetauda-Bharatpur (220 KV), Singati-Lamusanghu (132 KV) and Kusum Hapure (132 KV), according to the high officials of Nepal Electricity Authority (NEA). Keshav Prasad Bhattarai, Secretary at Ministry of Forest accepted that there was some delay in case of Hetauda- Bharatpur project and claimed that all the projects are cleared within time. Accoridng to him, it takes between 15 days and one month to grant the clearance from the ministry. However, high officials at NEA say all the projects are suffering the same fate. They also claimed that none of the project is cleared in the time period of 15 days to one month.</p>
<p>
	According to the source, the application for the clearance for Hetauda-Bharatpur line was filed six months ago but not approved till mid-November. Similarly, the file for Kusum-Hapure has been pending at the ministry for four months while the Singati-Lamusangu line has been waiting for the permission for last five months. Though Bhattarai claims that the Singati-Lamosangu project is already cleared by the Ministry, Ramji Bhandari, the Project Manager of the transmission line said a condition put forward by the ministry has rendered it as a rejection of the permission.</p>
<p>
	According to him, the Ministry has required the project to buy a land plant trees there to compensate for the trees to be fell down in the project area. “This is impractical. Never had the Ministry put such a condition in the past,” he said. The Ministry’s condition requires that 25 new trees be planted for every tree felled in the project area. That requires hundreds of acres of land to purchase, he said. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'A for SAARC bout a dozen projects to stretch power transmission lines have been put on hold due to delay in granting the projects the permission to use the forest area',
			'sortorder' => '465',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'main_news' => false,
			'in_scroller' => false,
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '561',
			'article_category_id' => '34',
			'title' => 'IFIC To Buy 41 Per Cent Share In NB Bank',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB). After the deal is executed, IFIC’s stake in NBB will reach 51 per cent from the present 10 percent.</p>
<p>
	According to the details submitted to the Nepal Stock Exchange (NEPSE) by NBB, its existing shareholder IFIC has begun the process to buy 15 per cent promoter shares in NBB from Bank Asia, a Bangladeshi bank, and 26 per cent promoter shares from NB Group, the Nepali promoters of NBB.</p>
<p>
	IFIC has filed an application at the central bank of Bangladesh seeking approval of the deal. After receiving the approval from the Bangladesh central bank, IFIC has to seek an approval from Nepal’s central bank as well. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'International Finance Investment and Commerce Bank (IFIC) of Bangladesh is buying 41 stake in Nepal Bangladesh Bank (NBB).',
			'sortorder' => '464',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '560',
			'article_category_id' => '34',
			'title' => 'NEA Signs PPA With Rasuwagadhi And Mid-Bhotekoshi',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company. The price under these PPAs is Rs 8.40 per unit in dry season and Rs 4.80 during wet seasons, according to Sher Singh Bhat, NEA’s Chief of Electricity Trading Department.</p>
<p>
	According to the agreement, both the projects are allowed price escalation of 3 per cent per annum up to eight times from the date of the start of commercial power production. While Rasuwagadhi project is estimated to cost Rs 13.68 billion it is Rs. 12.28 in Mid-Bhotekoshi. The cost will be financed by loans and share investment in 50/50 ratio. Employees Provident Fund has promised a loan of Rs 6.225 billion for Rasuwagadhi and Rs 6.21 billion for Mid-Bhotekoshi.</p>
<p>
	Similarly, in Rasuwagadhi and Mid-Bhotekoshi, Chilime will have share investment of 33 and 38 per cent respectively while NEA will have 18 and 10 per cent respectively. Employees Provident Fund Depositors will have 19.5 per cent share on both the projects.</p>
<p>
	Likewise, employees of Chilime will have 4.5 per cent shares while the people of the project-affected districts will have 10 per cent and other general public will have 15 per cent. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Nepal Electricity Authority (NEA) has signed power purchase agreement (PPA) with Rasuwagadhi (111 MW) and Mid-Bhotekoshi (102 MW) Hydropower projects promoted by Chilime Hydropower Company.',
			'sortorder' => '463',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '559',
			'article_category_id' => '34',
			'title' => '18 Big Businesses Appeal Against IRD',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD). Such businesses include Jagadamba Steel, CGGC Chamelia (a contractor of Chamelia project), Arun Intercontinental, The Explore Nepal and Shakti Commercial Enterprises. </p>
<p>
	Well over Rs 630 million in state revenue is said to be evaded by these 18 business houses according to IRD which also claims that more than Rs 3 billion in taxes is evaded by 437 business houses. According to the law, a party not satisfied with the decision of the IRD can appeal at the revenue tribunal within 35 days by depositing 50 per cent of the penalty amount imposed by IRD. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Eighteen business houses accused of fake VAT bills have appealed at revenue tribunal against the Value Added Tax (VAT) assessment imposed on them by Inland Revenue Department (IRD).',
			'sortorder' => '462',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '558',
			'article_category_id' => '34',
			'title' => 'Surya Nepal Asha Social Entrepreneurship Award',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	<img align="top" alt="" border="4" height="201" hspace="1" src="http://newbusinessage.com/ckfinder/userfiles/Images/surya.jpg" vspace="1" width="300" /></p>
<p>
	The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants. Ram Sapkota (Mountain Delights Treks and Expedition and Tukee Nepal, Jyamrung), Sabita Maharjan (Kirtipur Hosiery, Kirtipur), Shyam Badan Yadav (Kalash Milk Industry, Dhorey Village, Parsa), Vijaya Develoment Resource Centre (VDRC, Nawalparasi) and Chhahari Services (Kathmandu) were awarded a cash prize of Rs 100,000 each by Surya Nepal Private Limited along with the opportunity of networking through ChangeFusion Nepal</p>
<p>
	. Surya Nepal Asha Social Entrepreneurship Award 2011 was sponsored by Surya Nepal Private Limited, organised by ChangeFusion Nepal and supported by NBI. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'The Surya Nepal Asha Social Entrepreneurship Award (SNASEA) has been presented to five social entrepreneurs selected after evaluating credentials of 66 applicants',
			'sortorder' => '461',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '557',
			'article_category_id' => '34',
			'title' => '3 Big Industrial Infrastructure In Far West',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region. Among those is a special economic zone (SEZ) that will be set up in Kailali district. The other two will be in Kanchanpur district of which one is Far Western Industrial Estate and a dry port. Minister Jha said, the dry port will be in Dodhara-Chadani area. At a press meet on November 10, Jha promised to deploy a team of technician and specialists for detailed studies for these three projects. He also urged investors to look into opportunities in the far west.</p>
<p>
	The SEZ project has been under proposal for a number of years and the budget released by successive previous governments for this project has been freezing. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Minister for Industry Anil Kumar Jha has informed that the ministry is determined to set up three big industrial infrastructures in the far western region.',
			'sortorder' => '460',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '556',
			'article_category_id' => '34',
			'title' => 'Heritage Carpet Coming',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December. The industry at Thankot, set up with Rs 200 million, is planning to produce quality carpets with the brand name Heritage. </p>
<p>
	According to Yubraj Dhakal, Director of the company, 95 per cent of factory set up has completed. The factory can produce 5-6,000 metres of carpet every day. Dhakal said that the carpets produced by the company will be of premium quality and price. So, the company is also planning to export it to India.</p>
<p>
	According to the company, more than 50 people will be getting direct employment while equal number of people will be getting indirect employment opportunities. Lately, the demand for good quality carpets is on the rise. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Heritage Flooring Carpet Industries Pvt Ltd is planning to start producing carpets from November/December.',
			'sortorder' => '459',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '0'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '555',
			'article_category_id' => '34',
			'title' => 'Casino Nepal Under Malaysian Company',
			'sub_title' => '',
			'summary' => null,
			'content' => '<p>
	Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza. The same company has been managing Casino Shangri- La as well. Bodh Bikram Pandey, Director of SM and Casino Shangri-La confirmed that an agreement has been signed between both the parties to manage the CN.</p>
<p>
	According to the agreement the number of workers at the CN will be reduced to 500 from the present 775. SM has agreed to provide Rs 160 million to pay salaries and allowances to retired workers as well as the outstanding salary to the retained workers. . </p>
<p>
	CN had remained closed for three months and it has to pay Rs 140 million as taxes to the government as of the end of the fiscal year 2010/11. &nbsp;</p>',
			'published' => true,
			'created' => '2012-02-22',
			'modified' => '0000-00-00',
			'keywords' => '',
			'description' => 'Malaysian company Star Management (SM) will be managing Casino Nepal (CN) that is located in the premises of Hotel Soaltee Crowne Plaza',
			'sortorder' => '458',
			'image' => null,
			'article_date' => '0000-00-00 00:00:00',
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			'breaking_news' => false,
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	)
)
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FOREX

Currency Unit
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U.S. Dollar 1 121.23 121.83
European Euro 1 131.65 132.31
UK Pound Sterling 1 142.47 143.18
Swiss Franc 1 124.29 124.90
Australian Dollar 1 71.69 72.05
Canadian Dollar 1 83.90 84.32
Japanese Yen 10 10.94 11.00
Chinese Yuan 1 17.17 17.26
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South Korean Won 100 9.77 9.82

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

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Fine Gold 1 tola 77000.00
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Silver 1 tola 720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

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    • New Business Age Ltd.
    • Panchayan Marg, Thapathali
    • Kathmandu, Nepal
    • Tel: 01- 5367717
    • Email: editor@newbusinessage.com

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