November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus.…
November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus.…
November 27: The Supreme Court has refused to intervene in the 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a…
November 27: India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal.…
November 26: The government has collected property details worth Rs 41 billion of 2,300 government…
November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs).…
November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the…
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November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till…
November 26: The 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November…
November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic.…
November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination…
November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78.…
November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign…
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November 25: The government has decided to operate additional flights to foreign destinations.…
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', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus. The share market’s index has reached an all time high while the transaction amount is also the highest record till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">On Thursday, Nepse index surpassed the previous record of 1881 points to close at 1893. The Nepse index rose by 18.43 points to set the new record. The previous record was set on July 27, 2016.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction was also the highest on Thursday in terms of monetary value. Shares of 201 companies were traded for a record of Rs 7.61 billion. Transaction of 7.18 million units of shares of those 201 companies took place on Thursday.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The number of units traded and the number of times transaction took place were also unprecedented on the same day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">It is estimated that the investors have increased investment expecting a decline in interest rate of banks due to the drop in base rates of banks. Analysts say that the investors have become attracted to the share market as there is no where to invest and they get only two percent interest from saving.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction expert Dilip Munkarmi says that the investors’ confidence has been restored believing that the bearish cycle is over. He, however, believes that the share market is yet to become stable.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12473', 'image' => '20201127025255_1606433377.Clipboard03.jpg', 'article_date' => '2020-11-27 14:52:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '12725', 'article_category_id' => '1', 'title' => 'Supreme Court Decides not to Halt AGM of FNCCI', 'sub_title' => '', 'summary' => 'November 27: The Supreme Court has refused to intervene in the 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.', 'content' => '<p><em>Supreme Court of Nepal. File Photo</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: The Supreme Court has refused to intervene in the 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shiva Shankar Sah, president of Province-2 chapter of FNCCI, had initially filed a complaint with the District Administration Office, Kathmandu seeking annulment of the AGM as well as election arguing that the meeting was being held against the established norms and statute of the organisation. He later filed the writ petition at the apex court stating that the DAO did not respond to his complaint.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Supreme Court had called for a hearing on the petition on Thursday (November 26), which coincided with the inauguration of the AGM.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">In the initial hearing, a single bench of Justice Purushottam Bhandari refused to issue an interim order to halt the AGM and instead sought clarification from the defendant.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12472', 'image' => '20201127115547_20200417094838_CKC_ktm.jpg', 'article_date' => '2020-11-27 11:54:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '12724', 'article_category_id' => '1', 'title' => 'India Pledges to Provide Covid-19 Vaccine to Nepal', 'sub_title' => '', 'summary' => 'November 27: India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Devanagari Sangam MN"">November 27: </span></span><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India’s Foreign Secretary Harsh Vardhan Shringla made such remarks during his two-day visit to Nepal. During his meeting with Foreign Minister Pradeep Gyawali, Shringla said that India would definitely provide Covid-19 vaccine after gets available in India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that Nepal-India relations is related to our common culture and civilization and therefore the relation between the two countries will not deteriorate under any circumstances. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla handed over 2000 viles of remdisivir medicine to Foreign Minister Gyawaly on behalf of the Government of India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla will wrap up his two-day official visit to Nepal and return to India later today (November 27).</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12471', 'image' => '20201127115408_1606393868.india_corona.jpg', 'article_date' => '2020-11-27 11:53:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '12723', 'article_category_id' => '1', 'title' => 'Government Starts Collecting Details of Public Properties', 'sub_title' => '', 'summary' => 'November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The Financial Comptroller General’s Office, which looks after the government’s income and expenditure, was assigned the duty to collect property details of government units. The office is now preparing to keep the records in electronic medium. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Although the details of public property were kept separately by various bodies, there isn’t any body to keep the records of all the public properties in an integrated manner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The government does not have the details of public properties at a time when the country has already adopted federalism and the provinces and local units have been authorised to use the properties under their jurisdiction at their disposal. Therefore, the Financial Comptroller General’s Office decided to collect the property details.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">So far, 2270 government units have already submitted the details of public properties in the Public Property Management System (PPMS) developed by the Financial Comptroller General’s Office.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">According to Deputy Financial Comptroller General Gyanendra Poudel, a total of 1,914 units under the federal government, 288 under the provincial governments and 68 under the local units have submitted their property details. Altogether there are 5000 offices that spend government budget. All of them are required to enter their property details in the system.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Poudel informed that the remaining government units have been issued circulars to submit the property details as soon as possible. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12470', 'image' => '20201126050913_Mahalekha-Niyantrak-financial-comptroller-general-office 2.jpg', 'article_date' => '2020-11-26 17:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '12722', 'article_category_id' => '1', 'title' => 'Central Bank to Invest Rs 4 Billion in Fixed Deposits of BFIs', 'sub_title' => '', 'summary' => 'November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). The central bank has decided to keep the amount from gratuity and pension funds as fixed deposits from December 16, 2000 till December 15, 2021.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB will be keeping Rs 3.2 billion in commercial banks. Similarly, Rs 600 million will be kept as fixed deposits in development banks and Rs 200 million in finance companies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">BFIs interested in depositing the central bank’s money have been informed to submit proposals within 3 pm on November 29 along with the amount they want to keep as well as the interest rate.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12469', 'image' => '20201126044150_1606327652.Clipboard03.jpg', 'article_date' => '2020-11-26 16:41:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '12721', 'article_category_id' => '1', 'title' => 'NTA Achieves 69 Percent Work Progress in Expansion of Broadband Internet ', 'sub_title' => '', 'summary' => 'November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country. The project has been launched by NTA with the aim of providing high speed broadband internet across the country, according to the state-run national news agency - RSS. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">NTA informed that 69.37 percent connection has been completed so far. RSS reports that the NTA has implemented the project of providing broadband internet service in 18 packages by utilizing the budget from the Rural Telecommunication Development Fund.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to RSS, NTA spokesperson Min Prasad Aryal informed that the connection has been completed in the selected places in 46 districts under 12 packages. According to him, out of 18 packages, internet connection has been completed in 11,086 places so far, including 506 local levels, 4,165 ward offices, 3,472 secondary schools and 2,943 health institutions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report prepared by NTA states that service providers have been selected for the connectivity connection in 19 districts under the four packages while more than percent in nine districts under two packages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, 4,896 internet connections are still pending. Similarly, NTA has informed that an agreement has been reached for network and connectivity connection in 19 districts under the four packages. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12468', 'image' => '20201126040811_1606319393.internet_jadan.jpeg', 'article_date' => '2020-11-26 16:07:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '12720', 'article_category_id' => '1', 'title' => 'Major Indicators of Economy Positive: NRB Report', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:"Devanagari Sangam MN"">November 26: </span><span style="font-family:Arial">The major indicators of Nepal’s economy are positive despite the impact of coronavirus. The country’s foreign trade, remittance inflow, balance of payment are all improving, according to the latest report of Nepal Rastra Bank (NRB).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:Arial">The Current Macroeconomic and Financial Situation of Nepal released by the central bank on Wednesday (November 25) shows that the flow of loan from banks and financial institutions (BFIs) to the private sector in the firs three months of the current fiscal year has increased by four percent. The flow of loan from BFI to the private sector during the corresponding period of last fiscal year had increased by 4.3 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise exports increased14.3 percent to Rs.31.05 billion compared to an increase of 14.4 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, exports to India and other countries increased 19.4 percent and 7.4 percent respectively whereas exports to China decreased 53.2 percent. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">According to the report, exports of jute goods, polyster yarn and threads, noodles, cardamom, and pashmina among others increased whereas exports of palm oil, pulses, zinc sheet, handicrafts, and skin among others decreased in the review period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise imports decreased 12.7 percent to Rs.292.27 billion compared to a decrease of 10.3 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, imports from India, China and other countries decreased 6.6 percent, 26.9 percent, and 19.0 percent respectively. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The report states that imports of rice, crude soybean oil, telecommunication equipment and parts, edible oil, and coal among others increased, whereas imports of petroleum products, transport equipment and parts, aircraft spareparts, other machinery and parts, and crude palm oil among others decreased in the review period.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Total trade deficit narrowed down 15.1 percent to Rs.261.22 billion in three months of 2020/21. Such deficit had contracted 12.0 percent in the same period of the previous year. The export-import ratio increased to 10.6 percent in the review period from 8.1 percent in the same period of the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Remittance inflows increased 12.6 percent to Rs.258.86 billion in the review period against a decrease of 5.1 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 7.6 percent to 2.18 billion in the review period against a decrease of 4.7 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The current account remained at a surplus of Rs.34.36 billion in the review period against a deficit of Rs 22.47 billion in the same period of the previous year. In the US Dollar terms, the </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">current account recorded a surplus of 288.2 million in the review period against a deficit of 198.4 million in the same period last year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Balance of Payments (BOP) registered a surplus of Rs.101.09 billion in the review period. Such surplus was Rs.14.43 billion in the same period of the previous year. In the US Dollar terms, the BOP recorded a surplus of 851.0 million in the review period compared to a surplus of 127.8 million in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The year-on-year consumer price inflation stood at 3.79 percent in the third month of 2020/21 compared to 6.21 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Food and beverage inflation stood at 5.50percent whereas non-food and service inflation stood at 2.46 percent in the review month.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12467', 'image' => '20201126044048_669531-636582516175438581-16x9 2 copy.jpg', 'article_date' => '2020-11-26 13:59:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '12719', 'article_category_id' => '1', 'title' => 'Nepal-China Joint Trade Task Force Unable to Hold Meeting More than Once', 'sub_title' => '', 'summary' => 'November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Nepal-China Joint Trade Task Force was formed after the visit of Chinese President Xi Jinping to Nepal in 2019 but the task force has organised meeting only once. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The task force was formed to resolve the problems related to bilateral trade and to increase the volume of trade between the two countries. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">During a virtual meeting of the task force held about two months ago, both sides had discussed about the problems in import and export of goods at the customs points and to operate transit route. However, the customs points have still not become fully operational. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The meeting had also discussed about Chinese investment in Nepal, informed Secretary Prakash Dahal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Government authorities informed that they are also in talks with the Chinese side regarding the implementation of the Trade and Transit Protocol signed with China. However, the task force has not been able to work effectively due to the impact of coronavirus. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal’s export to China has come to a complete halt while import from China has also decreased significantly. Nepal is facing problems in bringing goods from Tatopani and Rasuwagadhi border points. Only three to four containers are entering Nepal from the border points on a daily basis. Authorities are holding discussions with Chinese embassy to resolve the problem.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal, however, has been exporting limited goods to China through the air route.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12466', 'image' => '20201126123819_1606327567.Clipboard04.jpg', 'article_date' => '2020-11-26 12:37:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '12718', 'article_category_id' => '1', 'title' => '54th AGM of FNCCI begins from Today', 'sub_title' => '', 'summary' => 'November 26: The 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: The 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The umbrella body of industries and enterprises of the country is scheduled to hold the inauguration ceremony as well as the closed session through Zoom meeting.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">As per the schedule, FNCCI will elect a new executive committee on Saturday (November 28) after the close session ends.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shekhar Golchha is poised to lead the FNCCI for the next term in accordance to provision in statute of FNCCI which states that the senior vice president will become the president of FNCCI after completing his/her term.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Election Committee of FNCCI informed that there will be election for the other posts. Serving vice presidents of FNCCI Chandra Dhakal and Kishor Pradhan will be vying for the post of senior vice president during the election.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Other vice presidents Umesh Lal Shrestha and Anjan Shrestha will face each other for the post of vice president (commodities). Likewise, Ram Chandra Shanghai will vie for the post of vice president (associates) with Saurav Jyoti while Dinesh Shrestha and Guna Nidhi Tiwari will vie for the post of vice president (district/municipalities).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The FNCCI election will be held at three different locations this time due to the problem created by coronavirus. FNCCI is scheduled to hold the election at its head office in Teku, Karki Banquet in Babar Mahal and Nepal Academy Hall in Kamaladi.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">FNCCI was supposed to hold the election and AGM in March but it had to be postponed time and again due to coronavirus pandemic.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12465', 'image' => '20201126120607_1606367319.fncci (1).jpg', 'article_date' => '2020-11-26 12:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '12717', 'article_category_id' => '266', 'title' => 'Daraz ‘Breaks’ 11.11. Record Despite COVID-19 Crisis', 'sub_title' => '', 'summary' => 'November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Daraz 11.11, which the company says is the biggest online sale day in the country, is a 24-hour online shopping campaign organized annually across all Alibaba markets on November 11.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Within the first hour of the campaign launch, Daraz said it registered sales worth Rs 2.52 crores, a 60 percent increase from last year’s first hour. In addition, Daraz reported 520,000 users during the entire one day campaign. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">The campaign also reported significantly higher numbers in online pre-payment via wallet and bank card taking up 45 percent of the total sales, Daraz said in a statement after the event.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“Overall, 7000+ sellers participated in 11.11, selling to 27 different cities across the country, exceeding sales numbers significantly compared to last year’s 11.11. Amongst the </span><span style="font-family:Montserrat">notable highlights of the campaign were the Poco C1 and M2 selling out within the first hour of campaign launch,” the statement said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">As the markets remain down due to the pandemic, 11.11. proved to be a boon of success for many businesses, especially small and medium sized enterprises (SME), says the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“In fact, 23% of total orders during 11.11 were generated by SMEs who went online during the pandemic facilitated by Daraz’s Sahayatri stimulus package.”</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12464', 'image' => '20201125034454_My Effect.jpg', 'article_date' => '2020-11-25 15:44:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '12716', 'article_category_id' => '1', 'title' => '‘Nepali Migrant Workers Travelling to Labour Destinations on Visit Visas’', 'sub_title' => '', 'summary' => 'November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">They argued that the decision of Nepal’s embassies based in Gulf countries not to approve the demand for labour has risked losing job opportunities. The manpower companies on Tuesday (November 24) urged the Industry, Labour and Consumer Welfare Committee of the House of Representative to take initiative to resolve this issue.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The manpower companies say that there is demand for more than 100,000 workers in Gulf countries but the diplomatic missions of Nepal in those countries have denied permission for work citing coronavirus pandemic. Representatives of the companies said during a meeting organized by the house panel that the country risks loosing hundreds of thousands of job opportunities due to the lacklusture approach of Nepal’s embassies. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to them, the demand for labour from countries like Qatar, Bahrain, Dubai among other Gulf countries have not been approved by the respective embassies of Nepal in those countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">General Secretary of Nepal Foreign Employment Agencies Association Sujit Kumar Shrestha warned that if the embassies do not approve the demand for labour then there is high possibility that the opportunities will be given to other countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Gulf countries have placed huge demand for workers in the service sector, hospitals, hotel industry, super stores and construction projects. However, the labourers have been forced to travel to the Gulf countries in visit visas after the embassies did not approve the demand for labour.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Chairman of the Foreign Employment Association (Democratic) Narendra Prasad Dhakal says that youths are forced to travel to Gulf countries for work on visit visas although it is illegal because they have no other option at the moment.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He claimed that around 500 to 700 Nepalis leave for Gulf countries on visit visas everyday and there is a lot of under-table dealings going on at the Tribhuvan International Airport.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">A meeting of the Council of Ministers had lifted a ban on foreign employment on August 30 but the migrant workers are struggling to return to work because of the stance taken by Nepal’s embassies.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12463', 'image' => '20201125033543_20200315123851_1111.jpg', 'article_date' => '2020-11-25 15:35:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '12715', 'article_category_id' => '1', 'title' => 'Hydropower Projects Start Getting License Through Fast-Track Process', 'sub_title' => '16 Hydropower Projects get Construction and Generation Permits ', 'summary' => 'November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the Department, 16 hydropower projects with capacity of more than 1 MW have been given permission for construction and generation of electricity. The total capacity of these projects is 379.51 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Moreover, the license period of these projects is 35 years, ie till 2112 BS. After that, the projects will be owned by the Government of Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">In the corresponding period last year, only six projects had obtained construction permits. However, the number of projects that received the construction permits has increased in the current fiscal year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The department said that the number of projects receiving construction and power generation permits has increased due to the fast-track approach of the government. A senior official of the department informed that the applications for the license through fast track will not remain pending like before. He said that now the promoter companies have started getting licenses in a short time. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The biggest project to get construction permit is Tamor Mewa Hydropower Project. The project to be built in Taplejung has been allowed to generate 128 MW of electricity. Similarly, the second largest project is 86.59 MW Landruk and the third is 70 MW Dudhkoshi-2 Hydropower Project. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Among the projects that have been given permit for construction are 14.7 MW Mudi Khola, 13.42 MW Midim and 11.05 MW Sunigadh Hydropower Project. Other 10 projects have a capacity of less than 10 MW. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12462', 'image' => '20201125023211_1606275228.Clipboard06.jpg', 'article_date' => '2020-11-25 14:31:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '12714', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Decry 7-Day Quarantine Provision for Foreign Visitors', 'sub_title' => '', 'summary' => 'November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had opened trekking and mountaineering for tourists from October 17 and had announced to gradually open other sectors from November 16.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The proposal of the Ministry of Culture, Tourism and Civil Aviation to reopen the tourism industry by strictly following health protocols is yet to be endorsed by the Council of Ministers. However, the government has gradually opened various pilgrimage sites including Lumbini, the birth place of Lord Buddha.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Tourism entrepreneurs say that domestic tourism is slowly reviving but the overall situation is still not encouraging, especially due to the seven-day quarantine provision for foreign tourists.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government has already announced on-arrival visas for tourists who visit Nepal in groups. However, such visitors have to mandatorily stay in quarantine for seven days in hotels. Because of this provision, tourists make enquiry but hesitate to visit Nepal says Binayak Shah, first vice president of Hotel Association of Nepal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah complained that the tourism industry is facing problem because the government has not been able to take appropriate decision.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have proposed setting up PCR tests at the airport itself and requested the government to reduce the quarantine period to three days. However, the government neither sets up testing facility itself nor does it allows us to do so,” complained Shah.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“What is the benefit of opening the tourism industry in such a fashion?” he questioned.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah said that foreign tourists are not willing to risk their lives and come here unless the government announces health contingency plans and assures treatment facility for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">President of the Trekking Agencies Association of Nepal (TAAN) Khum Bahadur Subedi says that the government has turned a deaf ear to their repeated pleas in this regard.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are in favour of quick PCR tests for tourists for which the testing facility needs to be set up at the airport,” he said, adding, “The government needs to give guarantee to the tourists in case of emergency. Otherwise, no one is going to visit Nepal.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12461', 'image' => '20201125014618_20201016032657_1602804123.Clipboard13.jpg', 'article_date' => '2020-11-25 13:45:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '12713', 'article_category_id' => '1', 'title' => 'Corruption Remains a Major Problem in Asia: TI', 'sub_title' => 'Survey finds nearly one in 5 Respondents paid a Bribe while Accessing Essential Services ', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">November 25: A report released by Transparency International on Tuesday (November 24) reveals that citizens across 17 countries in Asia report stagnant or rising levels of corruption, undermining equitable access to public services and trust in government.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The report, Global Corruption Barometer – Asia, has found that three-quarters of respondents believe that government corruption is a big problem in their country, with nearly one in five people (19 per cent) paying a bribe when accessing public services in the previous year. This is equivalent to about 836 million people, TI said in a statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The figure is more alarming in Nepal with 84 percent respondents accusing the government of corruption.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition to bribery, the use of personal connections to access public services is also prevalent across Asia, the report states. The results found that more than one in five people (22 per cent) who accessed public services used their personal connections to receive the assistance they needed.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">When asked why, 24 percent of people who paid bribes said they were asked to do so, while 30 percent of people who used personal connections said they would not have received the service otherwise. This suggests that people are paying bribes to speed up essential services, highlighting red tape and inefficient bureaucracy, while pushing those without the means at their disposal to the back of the queue.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Age is another important factor. Young people aged 18 to 34 are more likely to pay a bribe or use personal connections than any other age group.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The survey found corruption around elections is also prevalent. Nearly one in seven people were offered bribes in exchange for votes at a national, regional or local election in the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">"Protecting the integrity of elections is critical to ensuring that corruption doesn't undermine democracy," said Delia Ferreira Rubio, chair of Transparency International. "Throughout the region, election commissions and anti-corruption agencies need to work in lockstep to counter vote-buying, which weakens trust in government."</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Across Asia, more than three out of four people (76 per cent) are familiar with the anti-corruption agency in their country, of which, 63 per cent think that the agency is doing a good job.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition, people across the region are hopeful about the future of anti-corruption. More than three in five (62 per cent) think that ordinary people can make a difference in the fight against corruption.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12460', 'image' => '20201125120622_1606275342.Clipboard05.jpg', 'article_date' => '2020-11-25 12:05:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '12712', 'article_category_id' => '1', 'title' => 'CCMC Decides to Increase International Flights', 'sub_title' => '', 'summary' => 'November 25: The government has decided to operate additional flights to foreign destinations. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">November 25: The government has decided to operate additional flights to foreign destinations. The Covid-19 Crisis Management Centre (CCMC) has decided to issue flight permits to all countries after evaluating the risk of coronavirus in the international flight destinations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">A CCMC meeting held on Tuesday (November 24) decided to open flights to other countries besides the current destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary at the Office of the Prime Minister and Council of Ministers Mahendra Prasad Guragain informed that the CCMC has agreed to open regular flights to other destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary Guragain informed that the CCMC did not take any decision on the recommendation of the Mayors’ Forum to impose lockdown in Kathmandu Valley for three weeks due to rising threat of infection here. He said that the CCMC discussed about the possibility of sealing certain areas with high risk of infection so that other services are not disrupted.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">The CCMC also instructed the government not to shut down an entire office just because of few employees getting infected with coronavirus. Guragain said that the CCMC has instructed government offices to remain open by sending the infected staffers to isolation.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12459', 'image' => '20201125112531_20190904020627_Nepal-Airlines-landing.jpg', 'article_date' => '2020-11-25 11:24:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus. The share market’s index has reached an all time high while the transaction amount is also the highest record till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">On Thursday, Nepse index surpassed the previous record of 1881 points to close at 1893. The Nepse index rose by 18.43 points to set the new record. The previous record was set on July 27, 2016.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction was also the highest on Thursday in terms of monetary value. Shares of 201 companies were traded for a record of Rs 7.61 billion. Transaction of 7.18 million units of shares of those 201 companies took place on Thursday.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The number of units traded and the number of times transaction took place were also unprecedented on the same day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">It is estimated that the investors have increased investment expecting a decline in interest rate of banks due to the drop in base rates of banks. Analysts say that the investors have become attracted to the share market as there is no where to invest and they get only two percent interest from saving.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction expert Dilip Munkarmi says that the investors’ confidence has been restored believing that the bearish cycle is over. He, however, believes that the share market is yet to become stable.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12473', 'image' => '20201127025255_1606433377.Clipboard03.jpg', 'article_date' => '2020-11-27 14:52:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '12725', 'article_category_id' => '1', 'title' => 'Supreme Court Decides not to Halt AGM of FNCCI', 'sub_title' => '', 'summary' => 'November 27: The Supreme Court has refused to intervene in the 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.', 'content' => '<p><em>Supreme Court of Nepal. File Photo</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: The Supreme Court has refused to intervene in the 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shiva Shankar Sah, president of Province-2 chapter of FNCCI, had initially filed a complaint with the District Administration Office, Kathmandu seeking annulment of the AGM as well as election arguing that the meeting was being held against the established norms and statute of the organisation. He later filed the writ petition at the apex court stating that the DAO did not respond to his complaint.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Supreme Court had called for a hearing on the petition on Thursday (November 26), which coincided with the inauguration of the AGM.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">In the initial hearing, a single bench of Justice Purushottam Bhandari refused to issue an interim order to halt the AGM and instead sought clarification from the defendant.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12472', 'image' => '20201127115547_20200417094838_CKC_ktm.jpg', 'article_date' => '2020-11-27 11:54:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '12724', 'article_category_id' => '1', 'title' => 'India Pledges to Provide Covid-19 Vaccine to Nepal', 'sub_title' => '', 'summary' => 'November 27: India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Devanagari Sangam MN"">November 27: </span></span><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India’s Foreign Secretary Harsh Vardhan Shringla made such remarks during his two-day visit to Nepal. During his meeting with Foreign Minister Pradeep Gyawali, Shringla said that India would definitely provide Covid-19 vaccine after gets available in India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that Nepal-India relations is related to our common culture and civilization and therefore the relation between the two countries will not deteriorate under any circumstances. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla handed over 2000 viles of remdisivir medicine to Foreign Minister Gyawaly on behalf of the Government of India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla will wrap up his two-day official visit to Nepal and return to India later today (November 27).</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12471', 'image' => '20201127115408_1606393868.india_corona.jpg', 'article_date' => '2020-11-27 11:53:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '12723', 'article_category_id' => '1', 'title' => 'Government Starts Collecting Details of Public Properties', 'sub_title' => '', 'summary' => 'November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The Financial Comptroller General’s Office, which looks after the government’s income and expenditure, was assigned the duty to collect property details of government units. The office is now preparing to keep the records in electronic medium. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Although the details of public property were kept separately by various bodies, there isn’t any body to keep the records of all the public properties in an integrated manner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The government does not have the details of public properties at a time when the country has already adopted federalism and the provinces and local units have been authorised to use the properties under their jurisdiction at their disposal. Therefore, the Financial Comptroller General’s Office decided to collect the property details.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">So far, 2270 government units have already submitted the details of public properties in the Public Property Management System (PPMS) developed by the Financial Comptroller General’s Office.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">According to Deputy Financial Comptroller General Gyanendra Poudel, a total of 1,914 units under the federal government, 288 under the provincial governments and 68 under the local units have submitted their property details. Altogether there are 5000 offices that spend government budget. All of them are required to enter their property details in the system.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Poudel informed that the remaining government units have been issued circulars to submit the property details as soon as possible. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12470', 'image' => '20201126050913_Mahalekha-Niyantrak-financial-comptroller-general-office 2.jpg', 'article_date' => '2020-11-26 17:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '12722', 'article_category_id' => '1', 'title' => 'Central Bank to Invest Rs 4 Billion in Fixed Deposits of BFIs', 'sub_title' => '', 'summary' => 'November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). The central bank has decided to keep the amount from gratuity and pension funds as fixed deposits from December 16, 2000 till December 15, 2021.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB will be keeping Rs 3.2 billion in commercial banks. Similarly, Rs 600 million will be kept as fixed deposits in development banks and Rs 200 million in finance companies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">BFIs interested in depositing the central bank’s money have been informed to submit proposals within 3 pm on November 29 along with the amount they want to keep as well as the interest rate.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12469', 'image' => '20201126044150_1606327652.Clipboard03.jpg', 'article_date' => '2020-11-26 16:41:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '12721', 'article_category_id' => '1', 'title' => 'NTA Achieves 69 Percent Work Progress in Expansion of Broadband Internet ', 'sub_title' => '', 'summary' => 'November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country. The project has been launched by NTA with the aim of providing high speed broadband internet across the country, according to the state-run national news agency - RSS. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">NTA informed that 69.37 percent connection has been completed so far. RSS reports that the NTA has implemented the project of providing broadband internet service in 18 packages by utilizing the budget from the Rural Telecommunication Development Fund.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to RSS, NTA spokesperson Min Prasad Aryal informed that the connection has been completed in the selected places in 46 districts under 12 packages. According to him, out of 18 packages, internet connection has been completed in 11,086 places so far, including 506 local levels, 4,165 ward offices, 3,472 secondary schools and 2,943 health institutions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report prepared by NTA states that service providers have been selected for the connectivity connection in 19 districts under the four packages while more than percent in nine districts under two packages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, 4,896 internet connections are still pending. Similarly, NTA has informed that an agreement has been reached for network and connectivity connection in 19 districts under the four packages. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12468', 'image' => '20201126040811_1606319393.internet_jadan.jpeg', 'article_date' => '2020-11-26 16:07:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '12720', 'article_category_id' => '1', 'title' => 'Major Indicators of Economy Positive: NRB Report', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:"Devanagari Sangam MN"">November 26: </span><span style="font-family:Arial">The major indicators of Nepal’s economy are positive despite the impact of coronavirus. The country’s foreign trade, remittance inflow, balance of payment are all improving, according to the latest report of Nepal Rastra Bank (NRB).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:Arial">The Current Macroeconomic and Financial Situation of Nepal released by the central bank on Wednesday (November 25) shows that the flow of loan from banks and financial institutions (BFIs) to the private sector in the firs three months of the current fiscal year has increased by four percent. The flow of loan from BFI to the private sector during the corresponding period of last fiscal year had increased by 4.3 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise exports increased14.3 percent to Rs.31.05 billion compared to an increase of 14.4 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, exports to India and other countries increased 19.4 percent and 7.4 percent respectively whereas exports to China decreased 53.2 percent. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">According to the report, exports of jute goods, polyster yarn and threads, noodles, cardamom, and pashmina among others increased whereas exports of palm oil, pulses, zinc sheet, handicrafts, and skin among others decreased in the review period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise imports decreased 12.7 percent to Rs.292.27 billion compared to a decrease of 10.3 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, imports from India, China and other countries decreased 6.6 percent, 26.9 percent, and 19.0 percent respectively. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The report states that imports of rice, crude soybean oil, telecommunication equipment and parts, edible oil, and coal among others increased, whereas imports of petroleum products, transport equipment and parts, aircraft spareparts, other machinery and parts, and crude palm oil among others decreased in the review period.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Total trade deficit narrowed down 15.1 percent to Rs.261.22 billion in three months of 2020/21. Such deficit had contracted 12.0 percent in the same period of the previous year. The export-import ratio increased to 10.6 percent in the review period from 8.1 percent in the same period of the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Remittance inflows increased 12.6 percent to Rs.258.86 billion in the review period against a decrease of 5.1 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 7.6 percent to 2.18 billion in the review period against a decrease of 4.7 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The current account remained at a surplus of Rs.34.36 billion in the review period against a deficit of Rs 22.47 billion in the same period of the previous year. In the US Dollar terms, the </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">current account recorded a surplus of 288.2 million in the review period against a deficit of 198.4 million in the same period last year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Balance of Payments (BOP) registered a surplus of Rs.101.09 billion in the review period. Such surplus was Rs.14.43 billion in the same period of the previous year. In the US Dollar terms, the BOP recorded a surplus of 851.0 million in the review period compared to a surplus of 127.8 million in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The year-on-year consumer price inflation stood at 3.79 percent in the third month of 2020/21 compared to 6.21 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Food and beverage inflation stood at 5.50percent whereas non-food and service inflation stood at 2.46 percent in the review month.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12467', 'image' => '20201126044048_669531-636582516175438581-16x9 2 copy.jpg', 'article_date' => '2020-11-26 13:59:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '12719', 'article_category_id' => '1', 'title' => 'Nepal-China Joint Trade Task Force Unable to Hold Meeting More than Once', 'sub_title' => '', 'summary' => 'November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Nepal-China Joint Trade Task Force was formed after the visit of Chinese President Xi Jinping to Nepal in 2019 but the task force has organised meeting only once. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The task force was formed to resolve the problems related to bilateral trade and to increase the volume of trade between the two countries. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">During a virtual meeting of the task force held about two months ago, both sides had discussed about the problems in import and export of goods at the customs points and to operate transit route. However, the customs points have still not become fully operational. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The meeting had also discussed about Chinese investment in Nepal, informed Secretary Prakash Dahal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Government authorities informed that they are also in talks with the Chinese side regarding the implementation of the Trade and Transit Protocol signed with China. However, the task force has not been able to work effectively due to the impact of coronavirus. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal’s export to China has come to a complete halt while import from China has also decreased significantly. Nepal is facing problems in bringing goods from Tatopani and Rasuwagadhi border points. Only three to four containers are entering Nepal from the border points on a daily basis. Authorities are holding discussions with Chinese embassy to resolve the problem.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal, however, has been exporting limited goods to China through the air route.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12466', 'image' => '20201126123819_1606327567.Clipboard04.jpg', 'article_date' => '2020-11-26 12:37:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '12718', 'article_category_id' => '1', 'title' => '54th AGM of FNCCI begins from Today', 'sub_title' => '', 'summary' => 'November 26: The 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: The 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The umbrella body of industries and enterprises of the country is scheduled to hold the inauguration ceremony as well as the closed session through Zoom meeting.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">As per the schedule, FNCCI will elect a new executive committee on Saturday (November 28) after the close session ends.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shekhar Golchha is poised to lead the FNCCI for the next term in accordance to provision in statute of FNCCI which states that the senior vice president will become the president of FNCCI after completing his/her term.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Election Committee of FNCCI informed that there will be election for the other posts. Serving vice presidents of FNCCI Chandra Dhakal and Kishor Pradhan will be vying for the post of senior vice president during the election.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Other vice presidents Umesh Lal Shrestha and Anjan Shrestha will face each other for the post of vice president (commodities). Likewise, Ram Chandra Shanghai will vie for the post of vice president (associates) with Saurav Jyoti while Dinesh Shrestha and Guna Nidhi Tiwari will vie for the post of vice president (district/municipalities).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The FNCCI election will be held at three different locations this time due to the problem created by coronavirus. FNCCI is scheduled to hold the election at its head office in Teku, Karki Banquet in Babar Mahal and Nepal Academy Hall in Kamaladi.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">FNCCI was supposed to hold the election and AGM in March but it had to be postponed time and again due to coronavirus pandemic.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12465', 'image' => '20201126120607_1606367319.fncci (1).jpg', 'article_date' => '2020-11-26 12:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '12717', 'article_category_id' => '266', 'title' => 'Daraz ‘Breaks’ 11.11. Record Despite COVID-19 Crisis', 'sub_title' => '', 'summary' => 'November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Daraz 11.11, which the company says is the biggest online sale day in the country, is a 24-hour online shopping campaign organized annually across all Alibaba markets on November 11.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Within the first hour of the campaign launch, Daraz said it registered sales worth Rs 2.52 crores, a 60 percent increase from last year’s first hour. In addition, Daraz reported 520,000 users during the entire one day campaign. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">The campaign also reported significantly higher numbers in online pre-payment via wallet and bank card taking up 45 percent of the total sales, Daraz said in a statement after the event.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“Overall, 7000+ sellers participated in 11.11, selling to 27 different cities across the country, exceeding sales numbers significantly compared to last year’s 11.11. Amongst the </span><span style="font-family:Montserrat">notable highlights of the campaign were the Poco C1 and M2 selling out within the first hour of campaign launch,” the statement said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">As the markets remain down due to the pandemic, 11.11. proved to be a boon of success for many businesses, especially small and medium sized enterprises (SME), says the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“In fact, 23% of total orders during 11.11 were generated by SMEs who went online during the pandemic facilitated by Daraz’s Sahayatri stimulus package.”</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12464', 'image' => '20201125034454_My Effect.jpg', 'article_date' => '2020-11-25 15:44:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '12716', 'article_category_id' => '1', 'title' => '‘Nepali Migrant Workers Travelling to Labour Destinations on Visit Visas’', 'sub_title' => '', 'summary' => 'November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">They argued that the decision of Nepal’s embassies based in Gulf countries not to approve the demand for labour has risked losing job opportunities. The manpower companies on Tuesday (November 24) urged the Industry, Labour and Consumer Welfare Committee of the House of Representative to take initiative to resolve this issue.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The manpower companies say that there is demand for more than 100,000 workers in Gulf countries but the diplomatic missions of Nepal in those countries have denied permission for work citing coronavirus pandemic. Representatives of the companies said during a meeting organized by the house panel that the country risks loosing hundreds of thousands of job opportunities due to the lacklusture approach of Nepal’s embassies. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to them, the demand for labour from countries like Qatar, Bahrain, Dubai among other Gulf countries have not been approved by the respective embassies of Nepal in those countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">General Secretary of Nepal Foreign Employment Agencies Association Sujit Kumar Shrestha warned that if the embassies do not approve the demand for labour then there is high possibility that the opportunities will be given to other countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Gulf countries have placed huge demand for workers in the service sector, hospitals, hotel industry, super stores and construction projects. However, the labourers have been forced to travel to the Gulf countries in visit visas after the embassies did not approve the demand for labour.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Chairman of the Foreign Employment Association (Democratic) Narendra Prasad Dhakal says that youths are forced to travel to Gulf countries for work on visit visas although it is illegal because they have no other option at the moment.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He claimed that around 500 to 700 Nepalis leave for Gulf countries on visit visas everyday and there is a lot of under-table dealings going on at the Tribhuvan International Airport.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">A meeting of the Council of Ministers had lifted a ban on foreign employment on August 30 but the migrant workers are struggling to return to work because of the stance taken by Nepal’s embassies.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12463', 'image' => '20201125033543_20200315123851_1111.jpg', 'article_date' => '2020-11-25 15:35:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '12715', 'article_category_id' => '1', 'title' => 'Hydropower Projects Start Getting License Through Fast-Track Process', 'sub_title' => '16 Hydropower Projects get Construction and Generation Permits ', 'summary' => 'November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the Department, 16 hydropower projects with capacity of more than 1 MW have been given permission for construction and generation of electricity. The total capacity of these projects is 379.51 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Moreover, the license period of these projects is 35 years, ie till 2112 BS. After that, the projects will be owned by the Government of Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">In the corresponding period last year, only six projects had obtained construction permits. However, the number of projects that received the construction permits has increased in the current fiscal year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The department said that the number of projects receiving construction and power generation permits has increased due to the fast-track approach of the government. A senior official of the department informed that the applications for the license through fast track will not remain pending like before. He said that now the promoter companies have started getting licenses in a short time. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The biggest project to get construction permit is Tamor Mewa Hydropower Project. The project to be built in Taplejung has been allowed to generate 128 MW of electricity. Similarly, the second largest project is 86.59 MW Landruk and the third is 70 MW Dudhkoshi-2 Hydropower Project. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Among the projects that have been given permit for construction are 14.7 MW Mudi Khola, 13.42 MW Midim and 11.05 MW Sunigadh Hydropower Project. Other 10 projects have a capacity of less than 10 MW. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12462', 'image' => '20201125023211_1606275228.Clipboard06.jpg', 'article_date' => '2020-11-25 14:31:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '12714', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Decry 7-Day Quarantine Provision for Foreign Visitors', 'sub_title' => '', 'summary' => 'November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had opened trekking and mountaineering for tourists from October 17 and had announced to gradually open other sectors from November 16.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The proposal of the Ministry of Culture, Tourism and Civil Aviation to reopen the tourism industry by strictly following health protocols is yet to be endorsed by the Council of Ministers. However, the government has gradually opened various pilgrimage sites including Lumbini, the birth place of Lord Buddha.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Tourism entrepreneurs say that domestic tourism is slowly reviving but the overall situation is still not encouraging, especially due to the seven-day quarantine provision for foreign tourists.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government has already announced on-arrival visas for tourists who visit Nepal in groups. However, such visitors have to mandatorily stay in quarantine for seven days in hotels. Because of this provision, tourists make enquiry but hesitate to visit Nepal says Binayak Shah, first vice president of Hotel Association of Nepal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah complained that the tourism industry is facing problem because the government has not been able to take appropriate decision.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have proposed setting up PCR tests at the airport itself and requested the government to reduce the quarantine period to three days. However, the government neither sets up testing facility itself nor does it allows us to do so,” complained Shah.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“What is the benefit of opening the tourism industry in such a fashion?” he questioned.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah said that foreign tourists are not willing to risk their lives and come here unless the government announces health contingency plans and assures treatment facility for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">President of the Trekking Agencies Association of Nepal (TAAN) Khum Bahadur Subedi says that the government has turned a deaf ear to their repeated pleas in this regard.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are in favour of quick PCR tests for tourists for which the testing facility needs to be set up at the airport,” he said, adding, “The government needs to give guarantee to the tourists in case of emergency. Otherwise, no one is going to visit Nepal.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12461', 'image' => '20201125014618_20201016032657_1602804123.Clipboard13.jpg', 'article_date' => '2020-11-25 13:45:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '12713', 'article_category_id' => '1', 'title' => 'Corruption Remains a Major Problem in Asia: TI', 'sub_title' => 'Survey finds nearly one in 5 Respondents paid a Bribe while Accessing Essential Services ', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">November 25: A report released by Transparency International on Tuesday (November 24) reveals that citizens across 17 countries in Asia report stagnant or rising levels of corruption, undermining equitable access to public services and trust in government.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The report, Global Corruption Barometer – Asia, has found that three-quarters of respondents believe that government corruption is a big problem in their country, with nearly one in five people (19 per cent) paying a bribe when accessing public services in the previous year. This is equivalent to about 836 million people, TI said in a statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The figure is more alarming in Nepal with 84 percent respondents accusing the government of corruption.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition to bribery, the use of personal connections to access public services is also prevalent across Asia, the report states. The results found that more than one in five people (22 per cent) who accessed public services used their personal connections to receive the assistance they needed.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">When asked why, 24 percent of people who paid bribes said they were asked to do so, while 30 percent of people who used personal connections said they would not have received the service otherwise. This suggests that people are paying bribes to speed up essential services, highlighting red tape and inefficient bureaucracy, while pushing those without the means at their disposal to the back of the queue.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Age is another important factor. Young people aged 18 to 34 are more likely to pay a bribe or use personal connections than any other age group.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The survey found corruption around elections is also prevalent. Nearly one in seven people were offered bribes in exchange for votes at a national, regional or local election in the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">"Protecting the integrity of elections is critical to ensuring that corruption doesn't undermine democracy," said Delia Ferreira Rubio, chair of Transparency International. "Throughout the region, election commissions and anti-corruption agencies need to work in lockstep to counter vote-buying, which weakens trust in government."</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Across Asia, more than three out of four people (76 per cent) are familiar with the anti-corruption agency in their country, of which, 63 per cent think that the agency is doing a good job.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition, people across the region are hopeful about the future of anti-corruption. More than three in five (62 per cent) think that ordinary people can make a difference in the fight against corruption.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12460', 'image' => '20201125120622_1606275342.Clipboard05.jpg', 'article_date' => '2020-11-25 12:05:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '12712', 'article_category_id' => '1', 'title' => 'CCMC Decides to Increase International Flights', 'sub_title' => '', 'summary' => 'November 25: The government has decided to operate additional flights to foreign destinations. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">November 25: The government has decided to operate additional flights to foreign destinations. The Covid-19 Crisis Management Centre (CCMC) has decided to issue flight permits to all countries after evaluating the risk of coronavirus in the international flight destinations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">A CCMC meeting held on Tuesday (November 24) decided to open flights to other countries besides the current destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary at the Office of the Prime Minister and Council of Ministers Mahendra Prasad Guragain informed that the CCMC has agreed to open regular flights to other destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary Guragain informed that the CCMC did not take any decision on the recommendation of the Mayors’ Forum to impose lockdown in Kathmandu Valley for three weeks due to rising threat of infection here. He said that the CCMC discussed about the possibility of sealing certain areas with high risk of infection so that other services are not disrupted.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">The CCMC also instructed the government not to shut down an entire office just because of few employees getting infected with coronavirus. Guragain said that the CCMC has instructed government offices to remain open by sending the infected staffers to isolation.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12459', 'image' => '20201125112531_20190904020627_Nepal-Airlines-landing.jpg', 'article_date' => '2020-11-25 11:24:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '12728', 'article_category_id' => '1', 'title' => 'Nepse Sets Historic Record in Share Market', 'sub_title' => '', 'summary' => 'November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus. The share market’s index has reached an all time high while the transaction amount is also the highest record till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">On Thursday, Nepse index surpassed the previous record of 1881 points to close at 1893. The Nepse index rose by 18.43 points to set the new record. The previous record was set on July 27, 2016.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction was also the highest on Thursday in terms of monetary value. Shares of 201 companies were traded for a record of Rs 7.61 billion. Transaction of 7.18 million units of shares of those 201 companies took place on Thursday.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The number of units traded and the number of times transaction took place were also unprecedented on the same day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">It is estimated that the investors have increased investment expecting a decline in interest rate of banks due to the drop in base rates of banks. Analysts say that the investors have become attracted to the share market as there is no where to invest and they get only two percent interest from saving.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction expert Dilip Munkarmi says that the investors’ confidence has been restored believing that the bearish cycle is over. He, however, believes that the share market is yet to become stable.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12473', 'image' => '20201127025255_1606433377.Clipboard03.jpg', 'article_date' => '2020-11-27 14:52:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '12725', 'article_category_id' => '1', 'title' => 'Supreme Court Decides not to Halt AGM of FNCCI', 'sub_title' => '', 'summary' => 'November 27: The Supreme Court has refused to intervene in the 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.', 'content' => '<p><em>Supreme Court of Nepal. File Photo</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: The Supreme Court has refused to intervene in the 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shiva Shankar Sah, president of Province-2 chapter of FNCCI, had initially filed a complaint with the District Administration Office, Kathmandu seeking annulment of the AGM as well as election arguing that the meeting was being held against the established norms and statute of the organisation. He later filed the writ petition at the apex court stating that the DAO did not respond to his complaint.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Supreme Court had called for a hearing on the petition on Thursday (November 26), which coincided with the inauguration of the AGM.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">In the initial hearing, a single bench of Justice Purushottam Bhandari refused to issue an interim order to halt the AGM and instead sought clarification from the defendant.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12472', 'image' => '20201127115547_20200417094838_CKC_ktm.jpg', 'article_date' => '2020-11-27 11:54:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '12724', 'article_category_id' => '1', 'title' => 'India Pledges to Provide Covid-19 Vaccine to Nepal', 'sub_title' => '', 'summary' => 'November 27: India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Devanagari Sangam MN"">November 27: </span></span><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India’s Foreign Secretary Harsh Vardhan Shringla made such remarks during his two-day visit to Nepal. During his meeting with Foreign Minister Pradeep Gyawali, Shringla said that India would definitely provide Covid-19 vaccine after gets available in India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that Nepal-India relations is related to our common culture and civilization and therefore the relation between the two countries will not deteriorate under any circumstances. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla handed over 2000 viles of remdisivir medicine to Foreign Minister Gyawaly on behalf of the Government of India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla will wrap up his two-day official visit to Nepal and return to India later today (November 27).</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12471', 'image' => '20201127115408_1606393868.india_corona.jpg', 'article_date' => '2020-11-27 11:53:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '12723', 'article_category_id' => '1', 'title' => 'Government Starts Collecting Details of Public Properties', 'sub_title' => '', 'summary' => 'November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The Financial Comptroller General’s Office, which looks after the government’s income and expenditure, was assigned the duty to collect property details of government units. The office is now preparing to keep the records in electronic medium. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Although the details of public property were kept separately by various bodies, there isn’t any body to keep the records of all the public properties in an integrated manner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The government does not have the details of public properties at a time when the country has already adopted federalism and the provinces and local units have been authorised to use the properties under their jurisdiction at their disposal. Therefore, the Financial Comptroller General’s Office decided to collect the property details.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">So far, 2270 government units have already submitted the details of public properties in the Public Property Management System (PPMS) developed by the Financial Comptroller General’s Office.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">According to Deputy Financial Comptroller General Gyanendra Poudel, a total of 1,914 units under the federal government, 288 under the provincial governments and 68 under the local units have submitted their property details. Altogether there are 5000 offices that spend government budget. All of them are required to enter their property details in the system.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Poudel informed that the remaining government units have been issued circulars to submit the property details as soon as possible. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12470', 'image' => '20201126050913_Mahalekha-Niyantrak-financial-comptroller-general-office 2.jpg', 'article_date' => '2020-11-26 17:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '12722', 'article_category_id' => '1', 'title' => 'Central Bank to Invest Rs 4 Billion in Fixed Deposits of BFIs', 'sub_title' => '', 'summary' => 'November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). The central bank has decided to keep the amount from gratuity and pension funds as fixed deposits from December 16, 2000 till December 15, 2021.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB will be keeping Rs 3.2 billion in commercial banks. Similarly, Rs 600 million will be kept as fixed deposits in development banks and Rs 200 million in finance companies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">BFIs interested in depositing the central bank’s money have been informed to submit proposals within 3 pm on November 29 along with the amount they want to keep as well as the interest rate.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12469', 'image' => '20201126044150_1606327652.Clipboard03.jpg', 'article_date' => '2020-11-26 16:41:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '12721', 'article_category_id' => '1', 'title' => 'NTA Achieves 69 Percent Work Progress in Expansion of Broadband Internet ', 'sub_title' => '', 'summary' => 'November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country. The project has been launched by NTA with the aim of providing high speed broadband internet across the country, according to the state-run national news agency - RSS. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">NTA informed that 69.37 percent connection has been completed so far. RSS reports that the NTA has implemented the project of providing broadband internet service in 18 packages by utilizing the budget from the Rural Telecommunication Development Fund.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to RSS, NTA spokesperson Min Prasad Aryal informed that the connection has been completed in the selected places in 46 districts under 12 packages. According to him, out of 18 packages, internet connection has been completed in 11,086 places so far, including 506 local levels, 4,165 ward offices, 3,472 secondary schools and 2,943 health institutions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report prepared by NTA states that service providers have been selected for the connectivity connection in 19 districts under the four packages while more than percent in nine districts under two packages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, 4,896 internet connections are still pending. Similarly, NTA has informed that an agreement has been reached for network and connectivity connection in 19 districts under the four packages. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12468', 'image' => '20201126040811_1606319393.internet_jadan.jpeg', 'article_date' => '2020-11-26 16:07:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '12720', 'article_category_id' => '1', 'title' => 'Major Indicators of Economy Positive: NRB Report', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:"Devanagari Sangam MN"">November 26: </span><span style="font-family:Arial">The major indicators of Nepal’s economy are positive despite the impact of coronavirus. The country’s foreign trade, remittance inflow, balance of payment are all improving, according to the latest report of Nepal Rastra Bank (NRB).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:Arial">The Current Macroeconomic and Financial Situation of Nepal released by the central bank on Wednesday (November 25) shows that the flow of loan from banks and financial institutions (BFIs) to the private sector in the firs three months of the current fiscal year has increased by four percent. The flow of loan from BFI to the private sector during the corresponding period of last fiscal year had increased by 4.3 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise exports increased14.3 percent to Rs.31.05 billion compared to an increase of 14.4 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, exports to India and other countries increased 19.4 percent and 7.4 percent respectively whereas exports to China decreased 53.2 percent. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">According to the report, exports of jute goods, polyster yarn and threads, noodles, cardamom, and pashmina among others increased whereas exports of palm oil, pulses, zinc sheet, handicrafts, and skin among others decreased in the review period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise imports decreased 12.7 percent to Rs.292.27 billion compared to a decrease of 10.3 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, imports from India, China and other countries decreased 6.6 percent, 26.9 percent, and 19.0 percent respectively. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The report states that imports of rice, crude soybean oil, telecommunication equipment and parts, edible oil, and coal among others increased, whereas imports of petroleum products, transport equipment and parts, aircraft spareparts, other machinery and parts, and crude palm oil among others decreased in the review period.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Total trade deficit narrowed down 15.1 percent to Rs.261.22 billion in three months of 2020/21. Such deficit had contracted 12.0 percent in the same period of the previous year. The export-import ratio increased to 10.6 percent in the review period from 8.1 percent in the same period of the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Remittance inflows increased 12.6 percent to Rs.258.86 billion in the review period against a decrease of 5.1 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 7.6 percent to 2.18 billion in the review period against a decrease of 4.7 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The current account remained at a surplus of Rs.34.36 billion in the review period against a deficit of Rs 22.47 billion in the same period of the previous year. In the US Dollar terms, the </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">current account recorded a surplus of 288.2 million in the review period against a deficit of 198.4 million in the same period last year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Balance of Payments (BOP) registered a surplus of Rs.101.09 billion in the review period. Such surplus was Rs.14.43 billion in the same period of the previous year. In the US Dollar terms, the BOP recorded a surplus of 851.0 million in the review period compared to a surplus of 127.8 million in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The year-on-year consumer price inflation stood at 3.79 percent in the third month of 2020/21 compared to 6.21 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Food and beverage inflation stood at 5.50percent whereas non-food and service inflation stood at 2.46 percent in the review month.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12467', 'image' => '20201126044048_669531-636582516175438581-16x9 2 copy.jpg', 'article_date' => '2020-11-26 13:59:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '12719', 'article_category_id' => '1', 'title' => 'Nepal-China Joint Trade Task Force Unable to Hold Meeting More than Once', 'sub_title' => '', 'summary' => 'November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Nepal-China Joint Trade Task Force was formed after the visit of Chinese President Xi Jinping to Nepal in 2019 but the task force has organised meeting only once. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The task force was formed to resolve the problems related to bilateral trade and to increase the volume of trade between the two countries. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">During a virtual meeting of the task force held about two months ago, both sides had discussed about the problems in import and export of goods at the customs points and to operate transit route. However, the customs points have still not become fully operational. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The meeting had also discussed about Chinese investment in Nepal, informed Secretary Prakash Dahal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Government authorities informed that they are also in talks with the Chinese side regarding the implementation of the Trade and Transit Protocol signed with China. However, the task force has not been able to work effectively due to the impact of coronavirus. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal’s export to China has come to a complete halt while import from China has also decreased significantly. Nepal is facing problems in bringing goods from Tatopani and Rasuwagadhi border points. Only three to four containers are entering Nepal from the border points on a daily basis. Authorities are holding discussions with Chinese embassy to resolve the problem.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal, however, has been exporting limited goods to China through the air route.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12466', 'image' => '20201126123819_1606327567.Clipboard04.jpg', 'article_date' => '2020-11-26 12:37:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '12718', 'article_category_id' => '1', 'title' => '54th AGM of FNCCI begins from Today', 'sub_title' => '', 'summary' => 'November 26: The 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: The 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The umbrella body of industries and enterprises of the country is scheduled to hold the inauguration ceremony as well as the closed session through Zoom meeting.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">As per the schedule, FNCCI will elect a new executive committee on Saturday (November 28) after the close session ends.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shekhar Golchha is poised to lead the FNCCI for the next term in accordance to provision in statute of FNCCI which states that the senior vice president will become the president of FNCCI after completing his/her term.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Election Committee of FNCCI informed that there will be election for the other posts. Serving vice presidents of FNCCI Chandra Dhakal and Kishor Pradhan will be vying for the post of senior vice president during the election.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Other vice presidents Umesh Lal Shrestha and Anjan Shrestha will face each other for the post of vice president (commodities). Likewise, Ram Chandra Shanghai will vie for the post of vice president (associates) with Saurav Jyoti while Dinesh Shrestha and Guna Nidhi Tiwari will vie for the post of vice president (district/municipalities).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The FNCCI election will be held at three different locations this time due to the problem created by coronavirus. FNCCI is scheduled to hold the election at its head office in Teku, Karki Banquet in Babar Mahal and Nepal Academy Hall in Kamaladi.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">FNCCI was supposed to hold the election and AGM in March but it had to be postponed time and again due to coronavirus pandemic.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12465', 'image' => '20201126120607_1606367319.fncci (1).jpg', 'article_date' => '2020-11-26 12:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '12717', 'article_category_id' => '266', 'title' => 'Daraz ‘Breaks’ 11.11. Record Despite COVID-19 Crisis', 'sub_title' => '', 'summary' => 'November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Daraz 11.11, which the company says is the biggest online sale day in the country, is a 24-hour online shopping campaign organized annually across all Alibaba markets on November 11.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Within the first hour of the campaign launch, Daraz said it registered sales worth Rs 2.52 crores, a 60 percent increase from last year’s first hour. In addition, Daraz reported 520,000 users during the entire one day campaign. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">The campaign also reported significantly higher numbers in online pre-payment via wallet and bank card taking up 45 percent of the total sales, Daraz said in a statement after the event.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“Overall, 7000+ sellers participated in 11.11, selling to 27 different cities across the country, exceeding sales numbers significantly compared to last year’s 11.11. Amongst the </span><span style="font-family:Montserrat">notable highlights of the campaign were the Poco C1 and M2 selling out within the first hour of campaign launch,” the statement said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">As the markets remain down due to the pandemic, 11.11. proved to be a boon of success for many businesses, especially small and medium sized enterprises (SME), says the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“In fact, 23% of total orders during 11.11 were generated by SMEs who went online during the pandemic facilitated by Daraz’s Sahayatri stimulus package.”</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12464', 'image' => '20201125034454_My Effect.jpg', 'article_date' => '2020-11-25 15:44:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '12716', 'article_category_id' => '1', 'title' => '‘Nepali Migrant Workers Travelling to Labour Destinations on Visit Visas’', 'sub_title' => '', 'summary' => 'November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">They argued that the decision of Nepal’s embassies based in Gulf countries not to approve the demand for labour has risked losing job opportunities. The manpower companies on Tuesday (November 24) urged the Industry, Labour and Consumer Welfare Committee of the House of Representative to take initiative to resolve this issue.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The manpower companies say that there is demand for more than 100,000 workers in Gulf countries but the diplomatic missions of Nepal in those countries have denied permission for work citing coronavirus pandemic. Representatives of the companies said during a meeting organized by the house panel that the country risks loosing hundreds of thousands of job opportunities due to the lacklusture approach of Nepal’s embassies. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to them, the demand for labour from countries like Qatar, Bahrain, Dubai among other Gulf countries have not been approved by the respective embassies of Nepal in those countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">General Secretary of Nepal Foreign Employment Agencies Association Sujit Kumar Shrestha warned that if the embassies do not approve the demand for labour then there is high possibility that the opportunities will be given to other countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Gulf countries have placed huge demand for workers in the service sector, hospitals, hotel industry, super stores and construction projects. However, the labourers have been forced to travel to the Gulf countries in visit visas after the embassies did not approve the demand for labour.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Chairman of the Foreign Employment Association (Democratic) Narendra Prasad Dhakal says that youths are forced to travel to Gulf countries for work on visit visas although it is illegal because they have no other option at the moment.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He claimed that around 500 to 700 Nepalis leave for Gulf countries on visit visas everyday and there is a lot of under-table dealings going on at the Tribhuvan International Airport.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">A meeting of the Council of Ministers had lifted a ban on foreign employment on August 30 but the migrant workers are struggling to return to work because of the stance taken by Nepal’s embassies.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12463', 'image' => '20201125033543_20200315123851_1111.jpg', 'article_date' => '2020-11-25 15:35:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '12715', 'article_category_id' => '1', 'title' => 'Hydropower Projects Start Getting License Through Fast-Track Process', 'sub_title' => '16 Hydropower Projects get Construction and Generation Permits ', 'summary' => 'November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the Department, 16 hydropower projects with capacity of more than 1 MW have been given permission for construction and generation of electricity. The total capacity of these projects is 379.51 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Moreover, the license period of these projects is 35 years, ie till 2112 BS. After that, the projects will be owned by the Government of Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">In the corresponding period last year, only six projects had obtained construction permits. However, the number of projects that received the construction permits has increased in the current fiscal year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The department said that the number of projects receiving construction and power generation permits has increased due to the fast-track approach of the government. A senior official of the department informed that the applications for the license through fast track will not remain pending like before. He said that now the promoter companies have started getting licenses in a short time. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The biggest project to get construction permit is Tamor Mewa Hydropower Project. The project to be built in Taplejung has been allowed to generate 128 MW of electricity. Similarly, the second largest project is 86.59 MW Landruk and the third is 70 MW Dudhkoshi-2 Hydropower Project. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Among the projects that have been given permit for construction are 14.7 MW Mudi Khola, 13.42 MW Midim and 11.05 MW Sunigadh Hydropower Project. Other 10 projects have a capacity of less than 10 MW. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12462', 'image' => '20201125023211_1606275228.Clipboard06.jpg', 'article_date' => '2020-11-25 14:31:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '12714', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Decry 7-Day Quarantine Provision for Foreign Visitors', 'sub_title' => '', 'summary' => 'November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had opened trekking and mountaineering for tourists from October 17 and had announced to gradually open other sectors from November 16.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The proposal of the Ministry of Culture, Tourism and Civil Aviation to reopen the tourism industry by strictly following health protocols is yet to be endorsed by the Council of Ministers. However, the government has gradually opened various pilgrimage sites including Lumbini, the birth place of Lord Buddha.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Tourism entrepreneurs say that domestic tourism is slowly reviving but the overall situation is still not encouraging, especially due to the seven-day quarantine provision for foreign tourists.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government has already announced on-arrival visas for tourists who visit Nepal in groups. However, such visitors have to mandatorily stay in quarantine for seven days in hotels. Because of this provision, tourists make enquiry but hesitate to visit Nepal says Binayak Shah, first vice president of Hotel Association of Nepal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah complained that the tourism industry is facing problem because the government has not been able to take appropriate decision.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have proposed setting up PCR tests at the airport itself and requested the government to reduce the quarantine period to three days. However, the government neither sets up testing facility itself nor does it allows us to do so,” complained Shah.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“What is the benefit of opening the tourism industry in such a fashion?” he questioned.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah said that foreign tourists are not willing to risk their lives and come here unless the government announces health contingency plans and assures treatment facility for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">President of the Trekking Agencies Association of Nepal (TAAN) Khum Bahadur Subedi says that the government has turned a deaf ear to their repeated pleas in this regard.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are in favour of quick PCR tests for tourists for which the testing facility needs to be set up at the airport,” he said, adding, “The government needs to give guarantee to the tourists in case of emergency. Otherwise, no one is going to visit Nepal.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12461', 'image' => '20201125014618_20201016032657_1602804123.Clipboard13.jpg', 'article_date' => '2020-11-25 13:45:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '12713', 'article_category_id' => '1', 'title' => 'Corruption Remains a Major Problem in Asia: TI', 'sub_title' => 'Survey finds nearly one in 5 Respondents paid a Bribe while Accessing Essential Services ', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">November 25: A report released by Transparency International on Tuesday (November 24) reveals that citizens across 17 countries in Asia report stagnant or rising levels of corruption, undermining equitable access to public services and trust in government.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The report, Global Corruption Barometer – Asia, has found that three-quarters of respondents believe that government corruption is a big problem in their country, with nearly one in five people (19 per cent) paying a bribe when accessing public services in the previous year. This is equivalent to about 836 million people, TI said in a statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The figure is more alarming in Nepal with 84 percent respondents accusing the government of corruption.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition to bribery, the use of personal connections to access public services is also prevalent across Asia, the report states. The results found that more than one in five people (22 per cent) who accessed public services used their personal connections to receive the assistance they needed.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">When asked why, 24 percent of people who paid bribes said they were asked to do so, while 30 percent of people who used personal connections said they would not have received the service otherwise. This suggests that people are paying bribes to speed up essential services, highlighting red tape and inefficient bureaucracy, while pushing those without the means at their disposal to the back of the queue.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Age is another important factor. Young people aged 18 to 34 are more likely to pay a bribe or use personal connections than any other age group.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The survey found corruption around elections is also prevalent. Nearly one in seven people were offered bribes in exchange for votes at a national, regional or local election in the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">"Protecting the integrity of elections is critical to ensuring that corruption doesn't undermine democracy," said Delia Ferreira Rubio, chair of Transparency International. "Throughout the region, election commissions and anti-corruption agencies need to work in lockstep to counter vote-buying, which weakens trust in government."</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Across Asia, more than three out of four people (76 per cent) are familiar with the anti-corruption agency in their country, of which, 63 per cent think that the agency is doing a good job.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition, people across the region are hopeful about the future of anti-corruption. More than three in five (62 per cent) think that ordinary people can make a difference in the fight against corruption.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12460', 'image' => '20201125120622_1606275342.Clipboard05.jpg', 'article_date' => '2020-11-25 12:05:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '12712', 'article_category_id' => '1', 'title' => 'CCMC Decides to Increase International Flights', 'sub_title' => '', 'summary' => 'November 25: The government has decided to operate additional flights to foreign destinations. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">November 25: The government has decided to operate additional flights to foreign destinations. The Covid-19 Crisis Management Centre (CCMC) has decided to issue flight permits to all countries after evaluating the risk of coronavirus in the international flight destinations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">A CCMC meeting held on Tuesday (November 24) decided to open flights to other countries besides the current destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary at the Office of the Prime Minister and Council of Ministers Mahendra Prasad Guragain informed that the CCMC has agreed to open regular flights to other destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary Guragain informed that the CCMC did not take any decision on the recommendation of the Mayors’ Forum to impose lockdown in Kathmandu Valley for three weeks due to rising threat of infection here. He said that the CCMC discussed about the possibility of sealing certain areas with high risk of infection so that other services are not disrupted.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">The CCMC also instructed the government not to shut down an entire office just because of few employees getting infected with coronavirus. Guragain said that the CCMC has instructed government offices to remain open by sending the infected staffers to isolation.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12459', 'image' => '20201125112531_20190904020627_Nepal-Airlines-landing.jpg', 'article_date' => '2020-11-25 11:24:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: Nepal Stock Exchange (Nepse) set a new record on Thursday (November 26) at a time when the country’s economy is reeling under the impact of coronavirus. The share market’s index has reached an all time high while the transaction amount is also the highest record till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">On Thursday, Nepse index surpassed the previous record of 1881 points to close at 1893. The Nepse index rose by 18.43 points to set the new record. The previous record was set on July 27, 2016.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction was also the highest on Thursday in terms of monetary value. Shares of 201 companies were traded for a record of Rs 7.61 billion. Transaction of 7.18 million units of shares of those 201 companies took place on Thursday.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The number of units traded and the number of times transaction took place were also unprecedented on the same day.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">It is estimated that the investors have increased investment expecting a decline in interest rate of banks due to the drop in base rates of banks. Analysts say that the investors have become attracted to the share market as there is no where to invest and they get only two percent interest from saving.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Share transaction expert Dilip Munkarmi says that the investors’ confidence has been restored believing that the bearish cycle is over. He, however, believes that the share market is yet to become stable.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12473', 'image' => '20201127025255_1606433377.Clipboard03.jpg', 'article_date' => '2020-11-27 14:52:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '12725', 'article_category_id' => '1', 'title' => 'Supreme Court Decides not to Halt AGM of FNCCI', 'sub_title' => '', 'summary' => 'November 27: The Supreme Court has refused to intervene in the 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.', 'content' => '<p><em>Supreme Court of Nepal. File Photo</em></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 27: The Supreme Court has refused to intervene in the 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) as demanded by a petitioner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shiva Shankar Sah, president of Province-2 chapter of FNCCI, had initially filed a complaint with the District Administration Office, Kathmandu seeking annulment of the AGM as well as election arguing that the meeting was being held against the established norms and statute of the organisation. He later filed the writ petition at the apex court stating that the DAO did not respond to his complaint.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Supreme Court had called for a hearing on the petition on Thursday (November 26), which coincided with the inauguration of the AGM.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">In the initial hearing, a single bench of Justice Purushottam Bhandari refused to issue an interim order to halt the AGM and instead sought clarification from the defendant.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12472', 'image' => '20201127115547_20200417094838_CKC_ktm.jpg', 'article_date' => '2020-11-27 11:54:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '12724', 'article_category_id' => '1', 'title' => 'India Pledges to Provide Covid-19 Vaccine to Nepal', 'sub_title' => '', 'summary' => 'November 27: India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Devanagari Sangam MN"">November 27: </span></span><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India has once again reiterated its pledge to provide health equipment and medical kits as well as vaccine against Covid-19 to Nepal. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">India’s Foreign Secretary Harsh Vardhan Shringla made such remarks during his two-day visit to Nepal. During his meeting with Foreign Minister Pradeep Gyawali, Shringla said that India would definitely provide Covid-19 vaccine after gets available in India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He said that Nepal-India relations is related to our common culture and civilization and therefore the relation between the two countries will not deteriorate under any circumstances. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla handed over 2000 viles of remdisivir medicine to Foreign Minister Gyawaly on behalf of the Government of India.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shringla will wrap up his two-day official visit to Nepal and return to India later today (November 27).</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-27', 'modified' => '2020-11-27', 'keywords' => '', 'description' => '', 'sortorder' => '12471', 'image' => '20201127115408_1606393868.india_corona.jpg', 'article_date' => '2020-11-27 11:53:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '12723', 'article_category_id' => '1', 'title' => 'Government Starts Collecting Details of Public Properties', 'sub_title' => '', 'summary' => 'November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">November 26: The government has collected property details worth Rs 41 billion of 2,300 government bodies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The Financial Comptroller General’s Office, which looks after the government’s income and expenditure, was assigned the duty to collect property details of government units. The office is now preparing to keep the records in electronic medium. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Although the details of public property were kept separately by various bodies, there isn’t any body to keep the records of all the public properties in an integrated manner.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">The government does not have the details of public properties at a time when the country has already adopted federalism and the provinces and local units have been authorised to use the properties under their jurisdiction at their disposal. Therefore, the Financial Comptroller General’s Office decided to collect the property details.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">So far, 2270 government units have already submitted the details of public properties in the Public Property Management System (PPMS) developed by the Financial Comptroller General’s Office.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">According to Deputy Financial Comptroller General Gyanendra Poudel, a total of 1,914 units under the federal government, 288 under the provincial governments and 68 under the local units have submitted their property details. Altogether there are 5000 offices that spend government budget. All of them are required to enter their property details in the system.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:Arial">Poudel informed that the remaining government units have been issued circulars to submit the property details as soon as possible. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12470', 'image' => '20201126050913_Mahalekha-Niyantrak-financial-comptroller-general-office 2.jpg', 'article_date' => '2020-11-26 17:08:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '12722', 'article_category_id' => '1', 'title' => 'Central Bank to Invest Rs 4 Billion in Fixed Deposits of BFIs', 'sub_title' => '', 'summary' => 'November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). ', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 26: Nepal Rastra Bank is preparing to invest Rs 4 billion in fixed deposits of banks and financial institutions (BFIs). The central bank has decided to keep the amount from gratuity and pension funds as fixed deposits from December 16, 2000 till December 15, 2021.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">NRB will be keeping Rs 3.2 billion in commercial banks. Similarly, Rs 600 million will be kept as fixed deposits in development banks and Rs 200 million in finance companies.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">BFIs interested in depositing the central bank’s money have been informed to submit proposals within 3 pm on November 29 along with the amount they want to keep as well as the interest rate.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12469', 'image' => '20201126044150_1606327652.Clipboard03.jpg', 'article_date' => '2020-11-26 16:41:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '12721', 'article_category_id' => '1', 'title' => 'NTA Achieves 69 Percent Work Progress in Expansion of Broadband Internet ', 'sub_title' => '', 'summary' => 'November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 26: Nepal Telecommunication Authority (NTA) has achieved 69 percent work progress in expansion of Broadband Internet across the country. The project has been launched by NTA with the aim of providing high speed broadband internet across the country, according to the state-run national news agency - RSS. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">NTA informed that 69.37 percent connection has been completed so far. RSS reports that the NTA has implemented the project of providing broadband internet service in 18 packages by utilizing the budget from the Rural Telecommunication Development Fund.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to RSS, NTA spokesperson Min Prasad Aryal informed that the connection has been completed in the selected places in 46 districts under 12 packages. According to him, out of 18 packages, internet connection has been completed in 11,086 places so far, including 506 local levels, 4,165 ward offices, 3,472 secondary schools and 2,943 health institutions.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">A report prepared by NTA states that service providers have been selected for the connectivity connection in 19 districts under the four packages while more than percent in nine districts under two packages.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Similarly, 4,896 internet connections are still pending. Similarly, NTA has informed that an agreement has been reached for network and connectivity connection in 19 districts under the four packages. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12468', 'image' => '20201126040811_1606319393.internet_jadan.jpeg', 'article_date' => '2020-11-26 16:07:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '12720', 'article_category_id' => '1', 'title' => 'Major Indicators of Economy Positive: NRB Report', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:"Devanagari Sangam MN"">November 26: </span><span style="font-family:Arial">The major indicators of Nepal’s economy are positive despite the impact of coronavirus. The country’s foreign trade, remittance inflow, balance of payment are all improving, according to the latest report of Nepal Rastra Bank (NRB).</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Times"><span style="font-family:Arial">The Current Macroeconomic and Financial Situation of Nepal released by the central bank on Wednesday (November 25) shows that the flow of loan from banks and financial institutions (BFIs) to the private sector in the firs three months of the current fiscal year has increased by four percent. The flow of loan from BFI to the private sector during the corresponding period of last fiscal year had increased by 4.3 percent.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise exports increased14.3 percent to Rs.31.05 billion compared to an increase of 14.4 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, exports to India and other countries increased 19.4 percent and 7.4 percent respectively whereas exports to China decreased 53.2 percent. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">According to the report, exports of jute goods, polyster yarn and threads, noodles, cardamom, and pashmina among others increased whereas exports of palm oil, pulses, zinc sheet, handicrafts, and skin among others decreased in the review period. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">In three months of 2020/21, merchandise imports decreased 12.7 percent to Rs.292.27 billion compared to a decrease of 10.3 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Destination-wise, imports from India, China and other countries decreased 6.6 percent, 26.9 percent, and 19.0 percent respectively. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The report states that imports of rice, crude soybean oil, telecommunication equipment and parts, edible oil, and coal among others increased, whereas imports of petroleum products, transport equipment and parts, aircraft spareparts, other machinery and parts, and crude palm oil among others decreased in the review period.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Total trade deficit narrowed down 15.1 percent to Rs.261.22 billion in three months of 2020/21. Such deficit had contracted 12.0 percent in the same period of the previous year. The export-import ratio increased to 10.6 percent in the review period from 8.1 percent in the same period of the previous year.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Remittance inflows increased 12.6 percent to Rs.258.86 billion in the review period against a decrease of 5.1 percent in the same period of the previous year. In the US Dollar terms, remittance inflows increased 7.6 percent to 2.18 billion in the review period against a decrease of 4.7 percent in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The current account remained at a surplus of Rs.34.36 billion in the review period against a deficit of Rs 22.47 billion in the same period of the previous year. In the US Dollar terms, the </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">current account recorded a surplus of 288.2 million in the review period against a deficit of 198.4 million in the same period last year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Balance of Payments (BOP) registered a surplus of Rs.101.09 billion in the review period. Such surplus was Rs.14.43 billion in the same period of the previous year. In the US Dollar terms, the BOP recorded a surplus of 851.0 million in the review period compared to a surplus of 127.8 million in the same period of the previous year. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">The year-on-year consumer price inflation stood at 3.79 percent in the third month of 2020/21 compared to 6.21 percent a year ago. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Helvetica">Food and beverage inflation stood at 5.50percent whereas non-food and service inflation stood at 2.46 percent in the review month.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12467', 'image' => '20201126044048_669531-636582516175438581-16x9 2 copy.jpg', 'article_date' => '2020-11-26 13:59:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '12719', 'article_category_id' => '1', 'title' => 'Nepal-China Joint Trade Task Force Unable to Hold Meeting More than Once', 'sub_title' => '', 'summary' => 'November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: It has been more than one year since the governments of Nepal and China signed a Memorandum of Understanding (MoU) for bilateral trade but there has been no progress in implementing the agreement till date.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Nepal-China Joint Trade Task Force was formed after the visit of Chinese President Xi Jinping to Nepal in 2019 but the task force has organised meeting only once. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The task force was formed to resolve the problems related to bilateral trade and to increase the volume of trade between the two countries. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">During a virtual meeting of the task force held about two months ago, both sides had discussed about the problems in import and export of goods at the customs points and to operate transit route. However, the customs points have still not become fully operational. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The meeting had also discussed about Chinese investment in Nepal, informed Secretary Prakash Dahal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Government authorities informed that they are also in talks with the Chinese side regarding the implementation of the Trade and Transit Protocol signed with China. However, the task force has not been able to work effectively due to the impact of coronavirus. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal’s export to China has come to a complete halt while import from China has also decreased significantly. Nepal is facing problems in bringing goods from Tatopani and Rasuwagadhi border points. Only three to four containers are entering Nepal from the border points on a daily basis. Authorities are holding discussions with Chinese embassy to resolve the problem.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Nepal, however, has been exporting limited goods to China through the air route.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12466', 'image' => '20201126123819_1606327567.Clipboard04.jpg', 'article_date' => '2020-11-26 12:37:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '12718', 'article_category_id' => '1', 'title' => '54th AGM of FNCCI begins from Today', 'sub_title' => '', 'summary' => 'November 26: The 54th Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">November 26: The 54<sup>th</sup> Annual General Meeting of the Federation of Nepalese Chambers of Commerce and Industry is being held for three days starting from today (November 26).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The umbrella body of industries and enterprises of the country is scheduled to hold the inauguration ceremony as well as the closed session through Zoom meeting.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">As per the schedule, FNCCI will elect a new executive committee on Saturday (November 28) after the close session ends.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Shekhar Golchha is poised to lead the FNCCI for the next term in accordance to provision in statute of FNCCI which states that the senior vice president will become the president of FNCCI after completing his/her term.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The Election Committee of FNCCI informed that there will be election for the other posts. Serving vice presidents of FNCCI Chandra Dhakal and Kishor Pradhan will be vying for the post of senior vice president during the election.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">Other vice presidents Umesh Lal Shrestha and Anjan Shrestha will face each other for the post of vice president (commodities). Likewise, Ram Chandra Shanghai will vie for the post of vice president (associates) with Saurav Jyoti while Dinesh Shrestha and Guna Nidhi Tiwari will vie for the post of vice president (district/municipalities).</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">The FNCCI election will be held at three different locations this time due to the problem created by coronavirus. FNCCI is scheduled to hold the election at its head office in Teku, Karki Banquet in Babar Mahal and Nepal Academy Hall in Kamaladi.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Bangla MN"">FNCCI was supposed to hold the election and AGM in March but it had to be postponed time and again due to coronavirus pandemic.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-26', 'modified' => '2020-11-26', 'keywords' => '', 'description' => '', 'sortorder' => '12465', 'image' => '20201126120607_1606367319.fncci (1).jpg', 'article_date' => '2020-11-26 12:05:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '12717', 'article_category_id' => '266', 'title' => 'Daraz ‘Breaks’ 11.11. Record Despite COVID-19 Crisis', 'sub_title' => '', 'summary' => 'November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">November 25: Darax, one of the leading online marketplaces of Nepal, has claimed to have broken all previous 11.11 records despite COVID-19 pandemic. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Daraz 11.11, which the company says is the biggest online sale day in the country, is a 24-hour online shopping campaign organized annually across all Alibaba markets on November 11.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">Within the first hour of the campaign launch, Daraz said it registered sales worth Rs 2.52 crores, a 60 percent increase from last year’s first hour. In addition, Daraz reported 520,000 users during the entire one day campaign. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">The campaign also reported significantly higher numbers in online pre-payment via wallet and bank card taking up 45 percent of the total sales, Daraz said in a statement after the event.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“Overall, 7000+ sellers participated in 11.11, selling to 27 different cities across the country, exceeding sales numbers significantly compared to last year’s 11.11. Amongst the </span><span style="font-family:Montserrat">notable highlights of the campaign were the Poco C1 and M2 selling out within the first hour of campaign launch,” the statement said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">As the markets remain down due to the pandemic, 11.11. proved to be a boon of success for many businesses, especially small and medium sized enterprises (SME), says the statement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Arial"><span style="font-family:Montserrat">“In fact, 23% of total orders during 11.11 were generated by SMEs who went online during the pandemic facilitated by Daraz’s Sahayatri stimulus package.”</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12464', 'image' => '20201125034454_My Effect.jpg', 'article_date' => '2020-11-25 15:44:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '12716', 'article_category_id' => '1', 'title' => '‘Nepali Migrant Workers Travelling to Labour Destinations on Visit Visas’', 'sub_title' => '', 'summary' => 'November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Manpower companies have requested help from parliamentary committee after the country’s diplomatic missions did not show any interest to attest work permit for large number of Nepali migrant workers as per the demand from labour destination countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">They argued that the decision of Nepal’s embassies based in Gulf countries not to approve the demand for labour has risked losing job opportunities. The manpower companies on Tuesday (November 24) urged the Industry, Labour and Consumer Welfare Committee of the House of Representative to take initiative to resolve this issue.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The manpower companies say that there is demand for more than 100,000 workers in Gulf countries but the diplomatic missions of Nepal in those countries have denied permission for work citing coronavirus pandemic. Representatives of the companies said during a meeting organized by the house panel that the country risks loosing hundreds of thousands of job opportunities due to the lacklusture approach of Nepal’s embassies. </span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to them, the demand for labour from countries like Qatar, Bahrain, Dubai among other Gulf countries have not been approved by the respective embassies of Nepal in those countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">General Secretary of Nepal Foreign Employment Agencies Association Sujit Kumar Shrestha warned that if the embassies do not approve the demand for labour then there is high possibility that the opportunities will be given to other countries.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The Gulf countries have placed huge demand for workers in the service sector, hospitals, hotel industry, super stores and construction projects. However, the labourers have been forced to travel to the Gulf countries in visit visas after the embassies did not approve the demand for labour.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Chairman of the Foreign Employment Association (Democratic) Narendra Prasad Dhakal says that youths are forced to travel to Gulf countries for work on visit visas although it is illegal because they have no other option at the moment.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">He claimed that around 500 to 700 Nepalis leave for Gulf countries on visit visas everyday and there is a lot of under-table dealings going on at the Tribhuvan International Airport.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">A meeting of the Council of Ministers had lifted a ban on foreign employment on August 30 but the migrant workers are struggling to return to work because of the stance taken by Nepal’s embassies.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12463', 'image' => '20201125033543_20200315123851_1111.jpg', 'article_date' => '2020-11-25 15:35:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '12715', 'article_category_id' => '1', 'title' => 'Hydropower Projects Start Getting License Through Fast-Track Process', 'sub_title' => '16 Hydropower Projects get Construction and Generation Permits ', 'summary' => 'November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">November 25: Sixteen hydropower projects have obtained construction and power generation licenses from the Department of Electricity Development in the first four months of the current Fiscal Year 2077/78. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">According to the Department, 16 hydropower projects with capacity of more than 1 MW have been given permission for construction and generation of electricity. The total capacity of these projects is 379.51 MW. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Moreover, the license period of these projects is 35 years, ie till 2112 BS. After that, the projects will be owned by the Government of Nepal. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">In the corresponding period last year, only six projects had obtained construction permits. However, the number of projects that received the construction permits has increased in the current fiscal year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The department said that the number of projects receiving construction and power generation permits has increased due to the fast-track approach of the government. A senior official of the department informed that the applications for the license through fast track will not remain pending like before. He said that now the promoter companies have started getting licenses in a short time. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">The biggest project to get construction permit is Tamor Mewa Hydropower Project. The project to be built in Taplejung has been allowed to generate 128 MW of electricity. Similarly, the second largest project is 86.59 MW Landruk and the third is 70 MW Dudhkoshi-2 Hydropower Project. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman"">Among the projects that have been given permit for construction are 14.7 MW Mudi Khola, 13.42 MW Midim and 11.05 MW Sunigadh Hydropower Project. Other 10 projects have a capacity of less than 10 MW. </span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12462', 'image' => '20201125023211_1606275228.Clipboard06.jpg', 'article_date' => '2020-11-25 14:31:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '12714', 'article_category_id' => '1', 'title' => 'Tourism Entrepreneurs Decry 7-Day Quarantine Provision for Foreign Visitors', 'sub_title' => '', 'summary' => 'November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.', 'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">November 25: Stakeholders have expressed concern regarding the arrival of tourists despite government’s commitment to gradually reopen the tourism industry because of the mandatory provision of seven-day quarantine for foreign visitors.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government had opened trekking and mountaineering for tourists from October 17 and had announced to gradually open other sectors from November 16.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The proposal of the Ministry of Culture, Tourism and Civil Aviation to reopen the tourism industry by strictly following health protocols is yet to be endorsed by the Council of Ministers. However, the government has gradually opened various pilgrimage sites including Lumbini, the birth place of Lord Buddha.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Tourism entrepreneurs say that domestic tourism is slowly reviving but the overall situation is still not encouraging, especially due to the seven-day quarantine provision for foreign tourists.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government has already announced on-arrival visas for tourists who visit Nepal in groups. However, such visitors have to mandatorily stay in quarantine for seven days in hotels. Because of this provision, tourists make enquiry but hesitate to visit Nepal says Binayak Shah, first vice president of Hotel Association of Nepal.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah complained that the tourism industry is facing problem because the government has not been able to take appropriate decision.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We have proposed setting up PCR tests at the airport itself and requested the government to reduce the quarantine period to three days. However, the government neither sets up testing facility itself nor does it allows us to do so,” complained Shah.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“What is the benefit of opening the tourism industry in such a fashion?” he questioned.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Shah said that foreign tourists are not willing to risk their lives and come here unless the government announces health contingency plans and assures treatment facility for them.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">President of the Trekking Agencies Association of Nepal (TAAN) Khum Bahadur Subedi says that the government has turned a deaf ear to their repeated pleas in this regard.</span></span></span></span></p> <p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">“We are in favour of quick PCR tests for tourists for which the testing facility needs to be set up at the airport,” he said, adding, “The government needs to give guarantee to the tourists in case of emergency. Otherwise, no one is going to visit Nepal.”</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12461', 'image' => '20201125014618_20201016032657_1602804123.Clipboard13.jpg', 'article_date' => '2020-11-25 13:45:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '12713', 'article_category_id' => '1', 'title' => 'Corruption Remains a Major Problem in Asia: TI', 'sub_title' => 'Survey finds nearly one in 5 Respondents paid a Bribe while Accessing Essential Services ', 'summary' => '', 'content' => '<p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">November 25: A report released by Transparency International on Tuesday (November 24) reveals that citizens across 17 countries in Asia report stagnant or rising levels of corruption, undermining equitable access to public services and trust in government.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The report, Global Corruption Barometer – Asia, has found that three-quarters of respondents believe that government corruption is a big problem in their country, with nearly one in five people (19 per cent) paying a bribe when accessing public services in the previous year. This is equivalent to about 836 million people, TI said in a statement.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The figure is more alarming in Nepal with 84 percent respondents accusing the government of corruption.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition to bribery, the use of personal connections to access public services is also prevalent across Asia, the report states. The results found that more than one in five people (22 per cent) who accessed public services used their personal connections to receive the assistance they needed.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">When asked why, 24 percent of people who paid bribes said they were asked to do so, while 30 percent of people who used personal connections said they would not have received the service otherwise. This suggests that people are paying bribes to speed up essential services, highlighting red tape and inefficient bureaucracy, while pushing those without the means at their disposal to the back of the queue.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Age is another important factor. Young people aged 18 to 34 are more likely to pay a bribe or use personal connections than any other age group.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">The survey found corruption around elections is also prevalent. Nearly one in seven people were offered bribes in exchange for votes at a national, regional or local election in the past five years.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">"Protecting the integrity of elections is critical to ensuring that corruption doesn't undermine democracy," said Delia Ferreira Rubio, chair of Transparency International. "Throughout the region, election commissions and anti-corruption agencies need to work in lockstep to counter vote-buying, which weakens trust in government."</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">Across Asia, more than three out of four people (76 per cent) are familiar with the anti-corruption agency in their country, of which, 63 per cent think that the agency is doing a good job.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Cambria"><span style="font-family:Tahoma">In addition, people across the region are hopeful about the future of anti-corruption. More than three in five (62 per cent) think that ordinary people can make a difference in the fight against corruption.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12460', 'image' => '20201125120622_1606275342.Clipboard05.jpg', 'article_date' => '2020-11-25 12:05:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '12712', 'article_category_id' => '1', 'title' => 'CCMC Decides to Increase International Flights', 'sub_title' => '', 'summary' => 'November 25: The government has decided to operate additional flights to foreign destinations. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">November 25: The government has decided to operate additional flights to foreign destinations. The Covid-19 Crisis Management Centre (CCMC) has decided to issue flight permits to all countries after evaluating the risk of coronavirus in the international flight destinations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">A CCMC meeting held on Tuesday (November 24) decided to open flights to other countries besides the current destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary at the Office of the Prime Minister and Council of Ministers Mahendra Prasad Guragain informed that the CCMC has agreed to open regular flights to other destinations as per the requirement.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">Secretary Guragain informed that the CCMC did not take any decision on the recommendation of the Mayors’ Forum to impose lockdown in Kathmandu Valley for three weeks due to rising threat of infection here. He said that the CCMC discussed about the possibility of sealing certain areas with high risk of infection so that other services are not disrupted.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:16.0pt"><span style="font-family:Arial">The CCMC also instructed the government not to shut down an entire office just because of few employees getting infected with coronavirus. Guragain said that the CCMC has instructed government offices to remain open by sending the infected staffers to isolation.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2020-11-25', 'modified' => '2020-11-25', 'keywords' => '', 'description' => '', 'sortorder' => '12459', 'image' => '20201125112531_20190904020627_Nepal-Airlines-landing.jpg', 'article_date' => '2020-11-25 11:24:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
