November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists.…
November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists.…
November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days.…
November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report…
November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as…
November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last…
November 10: With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS)…
November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group.…
November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day.…
November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15.…
November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi.…
November 8: Chinese smartphone brand Xiaomi has announced the launch of its latest Authorized Service Center (ASC) in…
November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles.…
November 8: UNICEF has called for urgent action to address the air quality crisis of South…
November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme…
November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago.…
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists. They say they have no option than to pay “premium charge” for the service because the normal 11 KVA feeder line of the Nepal Electricity Authority does not have the capacity to supply electricity more than 5 MVA. Service from the Dedicated and Trunk Line costs 59 to 67 percent more than the normal charge.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Anyone requiring more than 5 MVA electricity has to subscribe to the 66 KVA Dedicated and Trunk Line of NEA, says industrialist Rajesh Kyal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Kyal, the state-owned utility service provider charges exorbitant amount for providing uninterrupted power supply at a time when the country has got rid of power cuts problem.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">He argued that the government must slash the “premium charge” because currently there is no power cuts in the country. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The NEA has been charging premium rate even to the industries which were set up after the end of power cuts, says industrialist Gopal Kedia, chairman of Birgunj Chamber of Commerce (BCC).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The government should charge the industries normal rate for electricity keeping in mind that the home-grown industries are facing immense competition in the market.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vice president of BCC, Anil Agrawal, claimed that the electricity charge alone make up 25 percent of their production cost.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“Our home-based industries are facing hard times. On top of that, the production has been hampered by the exorbitant electricity charge. How can industries operate in such condition?” questioned Agrawal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although power cuts officially came to an end on May 15 last year, the industries have been forced to pay the same old charge because the regulation regarding collection of electricity charge is yet to be amended.</span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11395', 'image' => '20191111092510_20190717121406_Clipboard01-18.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '11645', 'article_category_id' => '1', 'title' => 'Industrialist Jyoti Remanded in Custody for 5 more Days', 'sub_title' => '', 'summary' => 'November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. The court has also granted the police to investigate his daughter Suruchi in custody for five days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">District Court Judge Om Prakash Aryal issued the order on Sunday after the arrest of the duo in connection to a fraud case in land transaction. Police had arrested former state minister Jyoti and his daughter from Tribhuvan International Airport on Thursday while they were returning home from Singapore.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Jyoti has been accused of cheating Rs 13.6 million rupees in a land transaction case filed by Bigendra Krishna Malla. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11394', 'image' => '20191111102234_20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '11638', 'article_category_id' => '1', 'title' => 'Billionaires' Wealth Falls for First Time since 2015: Report', 'sub_title' => '', 'summary' => 'November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC Billionaires Report found. Reuters reported that there was a particularly sharp decline in Greater China, the second biggest home for billionaires after the United States, and the Asia-Pacific region more broadly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to Reuters, private banks including the world’s largest wealth manager UBS have felt the effects of US-China trade tensions and global political uncertainties, as clients last year shied away from trading and taking on debt in favour of hoarding more cash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The net worth of China’s richest dropped 12.8 percent in dollar terms on the back of tumbling stock markets and a weaker local currency and as growth in the world’s second-largest economy slowed to its lowest level in nearly three decades in 2018, the report found, knocking dozens off the billionaires list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Despite the drop, China continues to produce a new billionaire every 2-2.5 days, UBS’s head of ultra-high net worth clients, Josef Stadler, said in the report released on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Worldwide, the number of billionaires fell everywhere except in the Americas, where tech entrepreneurs continued to buoy the ranks of the United States’ wealthiest, Reuters further reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“This report shows the resilience of the U.S. economy,” where there were 749 billionaires at the end of 2018, said John Matthews, head of private wealth management and ultra-high net worth business for UBS in the United States.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">While a stock market recovery from a steep drop in late 2018 has helped wealth managers increase their assets, the world’s richest families remain concerned about global affairs from trade tensions and Brexit to populism and climate change and are continuing to keep more of their money in cash.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11393', 'image' => '20191110095904_aaaadfadf.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '11642', 'article_category_id' => '1', 'title' => 'Laxmi Bank Supports Tilganga Institute for Diagnosis and Treatment of Eye Cancer Among Children', 'sub_title' => '', 'summary' => 'November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">Ajaya Bikram Shah, CEO of the bank, and Reeta Gurung, CEO of Tilganga Institute of Ophthalmology, signed the MOU amid a recent function. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said in a statement that it shall provide a fund of Rs 500,000 as an initiative under its Corporate Social Responsibility (CSR) for the diagnosis and treatment of Retinoblastoma patients from deprived financial background.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">According to the statement, Retinoblastoma is a rare eye cancer of childhood that arises in the retina. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">“It is the most common intraocular malignancy of infancy and childhood; with an incidence of 1 in 15,000 to 1 in 18,000 live births worldwide, mostly occurring to children from birth till 5 years. If the disease is diagnosed and treated on time, chances of saving life, eye and vision is very high,” the statement added. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">In Nepal, Tilganga Institute of Ophthalmology has started its treatment, which include chemotherapy, laser therapy, plaque brachy therapy and surgery whenever needed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said it aims to support the sustainable development goals for good health and well-being by providing financial support to the hospital for diagnosis and treatment of Childhood Eye Cancer. </span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11392', 'image' => '20191110010440_til.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '11643', 'article_category_id' => '1', 'title' => 'Import of Mobile Sets Increases', 'sub_title' => '', 'summary' => 'November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to the Department of Customs, Nepal imported a total of 16,23,795 sets of mobile phones worth Rs 7.19 billion during the review period. During the corresponding of last fiscal year 2018/19, the country imported 13,62,300 sets of phones worth Rs 6.29 billion.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Nepali importers have attributed the increase in import of mobile sets to the government’s decision to provide VAT rebate and also their commitment to bring in genuine products to discourage ‘grey market products’.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, chairman of Mobile Importers’ Association of Nepal, Deepak Malhotra, says that the enthusiastic increase in import of mobile sets is a result of the companies’ sales strategy for the festive season and also the market expansion of products of Samsung and Xiaomi.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government’s earlier decision to revoke VAT rebate had encouraged import of products from illegal channels, claimed the importers.</span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11391', 'image' => '20191110012124_20191023113045_aaaadd.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '11640', 'article_category_id' => '1', 'title' => 'FDI in Hospitality Business Increases Significantly', 'sub_title' => '', 'summary' => 'November 10: With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 10: </span></span><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to a report published by the Department of Industries (DOI), a total of 39 new tourism industries related to hospitality have been registered at the DOI in the first three months of the fiscal year 2019/2020. The newly registered hotels and restaurants are reported to have been registered with foreign direct investment of Rs 5.77 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to the department, the investment in the hospitality sector this year has increased by 100 percent compared to the corresponding period of last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">The state-run news agency reported that a total of 77 industries have been approved for FDI during the first three months of FY 2019/2020 out of which 39 belong to the tourism sector, 25 are service providers, seven are manufacturing industries, and six belong to information technology. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">According to DOI, the registered industries have received commitment for FDI of Rs 11.36 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"> The industries after coming into operation will create 4,292 employment opportunities. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11390', 'image' => '20191110122345_20190719021457_KTMMC_LOBBY_01.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '11639', 'article_category_id' => '1', 'title' => 'Private Sector Alarmed by Industrialist Jyoti’s Arrest', 'sub_title' => '', 'summary' => 'November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. Nepal Chamber of Commerce (NCC) has issued an official statement saying that Jyoti was arrested without being proven guilty in the case. NCC maintained its stance that anyone cannot be arrested on the basis of complaint alone.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">NCC further said that the private sector has been set aback by the unceremonious arrest of an industrialist who has been contributing to the economy by investing a huge fortune and paying taxes regularly.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and the Confederation of Nepalese Industries (CNI) have not issued any formal statements, members of the two umbrella bodies of Nepalese entrepreneurs are said to be disappointed by the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">FNCCI has called a meeting on Sunday to discuss about the issue. FNCCI Senior Vice President Shekhar Golchha said that they will make public their official view later on Sunday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“As far as my personal views are concerned, it is not fair to arrest every one for the crime committed by a single person,” said Golchha.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This incident clearly shows that the government doesn’t respect the private sector,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CNI President Satish Kumar More also expressed his displeasure toward the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“It is a legal process. But I personally feel that it is an injustice to Roop Jyoti,” he said. More further said that there is a need to improve the legal system itself.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Metropolitan Police Range, Kathmandu had arrested the former state minister along with his daughter Suruchi from Tribhuvan International Airport on Thursday evening while they were returning home from Singapore.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Police informed New Business Age that both of them were arrested as per the court’s order. The Kathmandu District Court on Friday ordered the police to remand them in custody for three days to investigate into fraud case, according to DSP Hobindra Bogati.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jyoti has been accused of cheating Rs 13.6 million rupees by one Bigendra Krishna Malla in a land transaction case. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11389', 'image' => '20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '11641', 'article_category_id' => '1', 'title' => '‘800 New Tourist Vehicles Arriving in Nepal for VNY 2020’', 'sub_title' => '', 'summary' => 'November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. Travel and Tour companies as well as hotels have increased their investment in tourist vehicles for the comfort of the visitors.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Altogether 150 tour and travel companies are preparing to import a total of 800 new vehicles for the campaign promoted by the government. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The tour operators have to invest around Rs 4 million for the purchase of a small vehicle while they have to pay around Rs 10 million for a large vehicle. President of the Nepalese National Entrepreneurs Tourism Association Ram Hari Sharma said that it would cost around Rs 8 billion to purchase the 800 vehicles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Sharma, the members of the association are preparing to import five to seven vehicles each.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">So far, there are 5200 vehicles in the tourism sector of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, Sharma said that although the government announced the ambitious campaign to bring in more than 2 million tourists, he said that the government has failed to upgrade the roads to ensure safety of the foreigners. </span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11388', 'image' => '20191110124300_20190628024129_Visit-nepal-2020.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '11637', 'article_category_id' => '1', 'title' => 'FNCCI Special General Assembly Postponed', 'sub_title' => 'The Deferral has Paved way for Shekhar Golchha to Become the Next President', 'summary' => 'November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. The special general assembly was called to discuss the issue of statute amendment to elect a new president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the current provision, the senior vice president of FNCCI automatically becomes the next president after the term of the incumbent president expires. But a section of the FNCCI was lobbying for directly elected president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The deferral of the special general assembly has paved way for Senior Vice President Shekhar Golchha to lead the FNCCI in the next term. This has also effectively ended the power struggle that had surfaced due to a sharp division among two groups within FNCCI since a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A meeting of the statute amendment committee of the FNCCI headed by FNCCI Vice President Chandra Prasad Dhakal on Friday (November 8) decided to postpone the special general assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal along with a few other vice presidents had been lobbying against Golchha leading the federation as the three-year term of the incumbent president Bhavani Rana comes to an end soon.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The committee headed by Dhakal was supposed to submit a 35-point proposal at the special general assembly to amend the statute, that would prevent Golchha from becoming the next president. However, Dhakal backed out after other members of FNCCI during Friday’s meeting objected to the statute amendment saying that the committee had not fulfilled the due process for amendment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal said that the meeting agreed to continue with the current provision for selecting the president as a new process would invite unnecessary competition among the FNCCI members. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">The FNCCI had been sharply divided into two poles for the upcoming election. Former president Dhakal and his camp was hell bent on not allowing Senior Vice President Shekhar Golchha from leading the federation while other former presidents of FNCCI had been backing Golchha.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">Dhakal, who was until now demanding a directly elected president, was the one who took the initiative earlier to amend the statute to allow the senior vice president to automatically take charge of the federation.</span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11387', 'image' => '20191110093625_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '11636', 'article_category_id' => '266', 'title' => 'QFX Cinemas Launches New Multiplex in Bhaktapur', 'sub_title' => '', 'summary' => 'November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. ', 'content' => '<div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. The company said in a statement that the multiplex, which has investment from Regal Cinemas Pvt Ltd, will be managed by Team Quest. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The newly built theatre is located on the 5<sup>th</sup> floor of Thimi-based Bhatbhateni Supermarket in Bhaktapur district. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the company, the theatre is equipped with Depth Q 3D technology, which is a worldwide leader in its field, in all three screens. It also features Dolby ATMOS sound technology, which provides enhanced sound quality in greater detail, creating a more immersive experience for the audience with better clarity in audio. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The new multiplex also has Christie Projection System, which perfectly aligns pixels for an optimal image quality to offer viewers the most enhanced cinematic experience. </span></span></span></span></p> </div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“This is the first time that QFX Cinemas has recliner seats in the theatre. The new multiplex with 702-seat capacity is equipped with 40 recliner seats,” the statement said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">QFX Cinemas said it has given continuity to its mobile app and loyalty program "Goji" along with its online ticketing facility for cashless transactions in its new chain. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The multiplex has also put forward a food court with a kitchen offering an expanded menu of fresh food. </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Additionally, the new multiplex boasts of a modern and elegant decor that adorns its interiors. </span></span></span></span></p> <div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">With the launch of this three-screen multiplex, the total screen count of QFX Cinemas in Nepal has reached 23. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Regal Cinemas Pvt Ltd has also announced further expansion of the chain in two other locations of the country with two screens each at Bhatbhateni Supermarket, Butwal and Bhatbhateni Supermarket, Biratnagar. </span></span></span></span></p> </div> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11386', 'image' => '20191108124521_adff.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '11635', 'article_category_id' => '237', 'title' => 'Xiaomi Launches its Fifth Authorized Service Center in Nepal', 'sub_title' => '', 'summary' => 'November 8: Chinese smartphone brand Xiaomi has announced the launch of its latest Authorized Service Center (ASC) in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">November 8: Chinese smartphone brand Xiaomi </span><span style="font-family:"Arial","sans-serif"">has announced the launch of its latest Authorized Service Center (ASC) in Nepal. Situated in Narayanghat, this is the company’s fifth service center that Xiaomi has launched in a time span of just two months. Other service centres are located in Kathmandu, Nepalgunj and Itahari, the company said in a statement.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">Marking the occasion, Sourabh Kothari, country general manager of Xiaomi for Nepal, said, “At Xiaomi, we are truly focused towards making innovation accessible to everyone. With service quality being one of our key pillars at Xiaomi, we continue striving to implement the best of our innovative measures across our after-sales and customer service efforts too.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The company claimed that the launch of the service centers has witnessed an increase in the use of authorized products in the user community in Nepal. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11385', 'image' => '20191108123634_Picture 1.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '11633', 'article_category_id' => '1', 'title' => 'Bankers Willing to Join Social Security Fund if Govt Amends Ambiguous Provisions', 'sub_title' => '', 'summary' => 'November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CEOs of various banks informed the government that their staffers are unwilling to get listed in the government scheme because of some ambiguous provisions.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Speaking at an interaction with Labour Minister Gokarna Bista in the capital on Thursday, they also urged the government to amend the laws in the scheme to make it more practical.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The bankers told Minister Bista that their long-time employees are reluctant to join the scheme fearing that the move would jeopardize all their hard-earned facilities they are entitled to enjoy.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Chairman of Nepal Bankers Assiociation Gyanendra Dhungana said that the staffers want facilities like pension, insurance and loan facilities just like that the ones provided by the Employee Provident Fund and Citizens Investment Trust .</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Dhungana further said that although new employees are excited to join the scheme, long-serving staffers are not willing to do so.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The old staff members are ready to quit their jobs but are not willing to give up the facilities which they have been enjoying so far,” said Dhungana.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This is a practical problem which the government needs to understand and act accordingly,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Social Security Fund has provision of providing pension after the staffers reach 60 years. But currently, the bank staffers have been enjoying that facility at the age of 58. They are not interested to wait for two more years, the CEOs argued.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">They also complained that the same insurance facility for all the staffers was not acceptable. They argued that if the scheme was based on contribution, the insurance amount must also vary in accordance to the contribution.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Only seven out of the total 28 commercial banks have been enlisted in the Social Security Fund of the government so far.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11384', 'image' => '20191108121618_20190129043642_a.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '11632', 'article_category_id' => '1', 'title' => 'UNICEF Underlines the Need for Immediate Action in South Asia for Clean Air', 'sub_title' => '', 'summary' => 'November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">After a recent visit to South Asia, UNICEF Executive Director Henrietta Fore issued a statement urging governments in the region and around the world to take urgent steps to reduce air pollution by investing in cleaner, renewable sources of energy to replace fossil fuel combustion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, the air quality in South Asia is at crisis level. She added that the ripple effects of air pollution extend far and wide.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She said that children are the most vulnerable group and health expenses may increase if children need care and treatment. Parents may need to stay home too, in order to take care of their children. Potential income is lost and quality of life is reduced, she added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">“I was just in South Asia where I saw first-hand how children continue to suffer from the dire consequences of air pollution,” she said in the statement</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"> “The toxicity to children's brain development and health is also toxic to society, which no government can afford to ignore,” Fore added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She further said that around 620 million children in the region breathe polluted, toxic air. Because they have smaller lungs, breathe twice as fast as adults, and lack the immunities that come with age, children endure its damaging health and neurological effects the most, the statement added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, air pollution is associated with one of the biggest killers of children – pneumonia, and linked to asthma, bronchitis, and other respiratory infections.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">Air pollution also damages brain tissue and undermines cognitive development in babies and young children, leading to lifelong consequences that can affect their learning outcomes and future potential, she added.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11383', 'image' => '20191108113336_aaaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '11631', 'article_category_id' => '1', 'title' => 'Government Approves Rs 13.62 billion Loan from World Bank for Youth Employment', 'sub_title' => '', 'summary' => 'November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A cabinet meeting held earlier this week approved the loan assistance, informed Minister for Communication and Information Technology Gokul Baskota.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Joint secretary and coordinator of the PMEP Prakash Dahal said that the loan given by the World Bank under its Youth Employment Transformation Initiative will be utilized for the Prime Minister Employment Programme.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The World Bank has approved the loan to Nepal on September 18.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under Secretary Dr Loknath Bhusal at the PMEP said that the programme will be implemented within a month.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had announced the programme to provide employment to unemployed youths for 100 days in a year. In case the government cannot provide job, it will hand out Rs 25,850 to them in a year.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had released more than Rs 2 billion for the local levels under this project. However, there were widespread criticism that the programme was not effective.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This time, the government has changed the modality of the programme and has decided to increase employment opportunity by providing skill-development programmes and concessional loans.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 5.1 billion rupees for the youth employment programme in the current fiscal year.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11382', 'image' => '20191108100851_pradhanmantari.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '11630', 'article_category_id' => '1', 'title' => 'High Court Remands Chinese Hackers in Custody', 'sub_title' => '', 'summary' => 'November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. One of the Chinese was arrested red handed on August 31 while hacking an ATM at Durbar Marg. Following the arrest, police arrested his five Chinese accomplices and a few Nepalis involved in the fraud case in which millions were stolen from various ATMs before their arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The financial bench of Patan High Court issued the order on Thursday, November 7. The bench also decided to release three Nepalis arrested in connection to the hacking on bail. The court has asked Devnath Lamichhane to post a bail amount of Rs 3 million while Rewati Dawadi and Roshan Pradhan were ordered to submit Rs 2.6 million each. However, Metropolitan Police Range, Teku informed New Business Age that the trio remain in jail after failing to post the bail amount.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">DSP Hobindra Bogati said that the police have completed their investigation. The police range has already submitted its investigation report to the government attorney’s office. The high court issued the order on Thursday after receiving the report from the government attorney.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Bogati, the accused are now awaiting the final verdict in the case in which the Chinese nationals have been accused of stealing millions of rupees by hacking the Nepal Electronic Payment System.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Chinese nationals had withdrawn a total of Rs 17.6 million from ATMs of various banks. Police later found that the group had taken out Rs 11.4 million from the ATM of Nabil Bank alone. Police have recovered Rs 12.6 million and US$ 9,800 from the hackers.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, CEO of Nepal Electronic Payment System, Pravin Chhetri said that a Singaporean company has been carrying out forensic investigation into the case. NePS has been providing its service to a network of 17 banks. Although the report was initially said to be out by December this year, NePS said that it will take some more time to complete the investigation.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11381', 'image' => '20191108093229_20190902010917_aaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ) ) $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
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (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' => '11644', 'article_category_id' => '1', 'title' => '‘Industries forced to pay Premium Charge for Electricity Despite End to Power Cuts’', 'sub_title' => '', 'summary' => 'November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists. They say they have no option than to pay “premium charge” for the service because the normal 11 KVA feeder line of the Nepal Electricity Authority does not have the capacity to supply electricity more than 5 MVA. Service from the Dedicated and Trunk Line costs 59 to 67 percent more than the normal charge.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Anyone requiring more than 5 MVA electricity has to subscribe to the 66 KVA Dedicated and Trunk Line of NEA, says industrialist Rajesh Kyal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Kyal, the state-owned utility service provider charges exorbitant amount for providing uninterrupted power supply at a time when the country has got rid of power cuts problem.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">He argued that the government must slash the “premium charge” because currently there is no power cuts in the country. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The NEA has been charging premium rate even to the industries which were set up after the end of power cuts, says industrialist Gopal Kedia, chairman of Birgunj Chamber of Commerce (BCC).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The government should charge the industries normal rate for electricity keeping in mind that the home-grown industries are facing immense competition in the market.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vice president of BCC, Anil Agrawal, claimed that the electricity charge alone make up 25 percent of their production cost.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“Our home-based industries are facing hard times. On top of that, the production has been hampered by the exorbitant electricity charge. How can industries operate in such condition?” questioned Agrawal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although power cuts officially came to an end on May 15 last year, the industries have been forced to pay the same old charge because the regulation regarding collection of electricity charge is yet to be amended.</span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11395', 'image' => '20191111092510_20190717121406_Clipboard01-18.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '11645', 'article_category_id' => '1', 'title' => 'Industrialist Jyoti Remanded in Custody for 5 more Days', 'sub_title' => '', 'summary' => 'November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. The court has also granted the police to investigate his daughter Suruchi in custody for five days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">District Court Judge Om Prakash Aryal issued the order on Sunday after the arrest of the duo in connection to a fraud case in land transaction. Police had arrested former state minister Jyoti and his daughter from Tribhuvan International Airport on Thursday while they were returning home from Singapore.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Jyoti has been accused of cheating Rs 13.6 million rupees in a land transaction case filed by Bigendra Krishna Malla. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11394', 'image' => '20191111102234_20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '11638', 'article_category_id' => '1', 'title' => 'Billionaires' Wealth Falls for First Time since 2015: Report', 'sub_title' => '', 'summary' => 'November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC Billionaires Report found. Reuters reported that there was a particularly sharp decline in Greater China, the second biggest home for billionaires after the United States, and the Asia-Pacific region more broadly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to Reuters, private banks including the world’s largest wealth manager UBS have felt the effects of US-China trade tensions and global political uncertainties, as clients last year shied away from trading and taking on debt in favour of hoarding more cash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The net worth of China’s richest dropped 12.8 percent in dollar terms on the back of tumbling stock markets and a weaker local currency and as growth in the world’s second-largest economy slowed to its lowest level in nearly three decades in 2018, the report found, knocking dozens off the billionaires list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Despite the drop, China continues to produce a new billionaire every 2-2.5 days, UBS’s head of ultra-high net worth clients, Josef Stadler, said in the report released on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Worldwide, the number of billionaires fell everywhere except in the Americas, where tech entrepreneurs continued to buoy the ranks of the United States’ wealthiest, Reuters further reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“This report shows the resilience of the U.S. economy,” where there were 749 billionaires at the end of 2018, said John Matthews, head of private wealth management and ultra-high net worth business for UBS in the United States.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">While a stock market recovery from a steep drop in late 2018 has helped wealth managers increase their assets, the world’s richest families remain concerned about global affairs from trade tensions and Brexit to populism and climate change and are continuing to keep more of their money in cash.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11393', 'image' => '20191110095904_aaaadfadf.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '11642', 'article_category_id' => '1', 'title' => 'Laxmi Bank Supports Tilganga Institute for Diagnosis and Treatment of Eye Cancer Among Children', 'sub_title' => '', 'summary' => 'November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">Ajaya Bikram Shah, CEO of the bank, and Reeta Gurung, CEO of Tilganga Institute of Ophthalmology, signed the MOU amid a recent function. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said in a statement that it shall provide a fund of Rs 500,000 as an initiative under its Corporate Social Responsibility (CSR) for the diagnosis and treatment of Retinoblastoma patients from deprived financial background.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">According to the statement, Retinoblastoma is a rare eye cancer of childhood that arises in the retina. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">“It is the most common intraocular malignancy of infancy and childhood; with an incidence of 1 in 15,000 to 1 in 18,000 live births worldwide, mostly occurring to children from birth till 5 years. If the disease is diagnosed and treated on time, chances of saving life, eye and vision is very high,” the statement added. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">In Nepal, Tilganga Institute of Ophthalmology has started its treatment, which include chemotherapy, laser therapy, plaque brachy therapy and surgery whenever needed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said it aims to support the sustainable development goals for good health and well-being by providing financial support to the hospital for diagnosis and treatment of Childhood Eye Cancer. </span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11392', 'image' => '20191110010440_til.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '11643', 'article_category_id' => '1', 'title' => 'Import of Mobile Sets Increases', 'sub_title' => '', 'summary' => 'November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to the Department of Customs, Nepal imported a total of 16,23,795 sets of mobile phones worth Rs 7.19 billion during the review period. During the corresponding of last fiscal year 2018/19, the country imported 13,62,300 sets of phones worth Rs 6.29 billion.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Nepali importers have attributed the increase in import of mobile sets to the government’s decision to provide VAT rebate and also their commitment to bring in genuine products to discourage ‘grey market products’.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, chairman of Mobile Importers’ Association of Nepal, Deepak Malhotra, says that the enthusiastic increase in import of mobile sets is a result of the companies’ sales strategy for the festive season and also the market expansion of products of Samsung and Xiaomi.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government’s earlier decision to revoke VAT rebate had encouraged import of products from illegal channels, claimed the importers.</span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11391', 'image' => '20191110012124_20191023113045_aaaadd.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '11640', 'article_category_id' => '1', 'title' => 'FDI in Hospitality Business Increases Significantly', 'sub_title' => '', 'summary' => 'November 10: With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 10: </span></span><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to a report published by the Department of Industries (DOI), a total of 39 new tourism industries related to hospitality have been registered at the DOI in the first three months of the fiscal year 2019/2020. The newly registered hotels and restaurants are reported to have been registered with foreign direct investment of Rs 5.77 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to the department, the investment in the hospitality sector this year has increased by 100 percent compared to the corresponding period of last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">The state-run news agency reported that a total of 77 industries have been approved for FDI during the first three months of FY 2019/2020 out of which 39 belong to the tourism sector, 25 are service providers, seven are manufacturing industries, and six belong to information technology. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">According to DOI, the registered industries have received commitment for FDI of Rs 11.36 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"> The industries after coming into operation will create 4,292 employment opportunities. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11390', 'image' => '20191110122345_20190719021457_KTMMC_LOBBY_01.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '11639', 'article_category_id' => '1', 'title' => 'Private Sector Alarmed by Industrialist Jyoti’s Arrest', 'sub_title' => '', 'summary' => 'November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. Nepal Chamber of Commerce (NCC) has issued an official statement saying that Jyoti was arrested without being proven guilty in the case. NCC maintained its stance that anyone cannot be arrested on the basis of complaint alone.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">NCC further said that the private sector has been set aback by the unceremonious arrest of an industrialist who has been contributing to the economy by investing a huge fortune and paying taxes regularly.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and the Confederation of Nepalese Industries (CNI) have not issued any formal statements, members of the two umbrella bodies of Nepalese entrepreneurs are said to be disappointed by the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">FNCCI has called a meeting on Sunday to discuss about the issue. FNCCI Senior Vice President Shekhar Golchha said that they will make public their official view later on Sunday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“As far as my personal views are concerned, it is not fair to arrest every one for the crime committed by a single person,” said Golchha.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This incident clearly shows that the government doesn’t respect the private sector,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CNI President Satish Kumar More also expressed his displeasure toward the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“It is a legal process. But I personally feel that it is an injustice to Roop Jyoti,” he said. More further said that there is a need to improve the legal system itself.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Metropolitan Police Range, Kathmandu had arrested the former state minister along with his daughter Suruchi from Tribhuvan International Airport on Thursday evening while they were returning home from Singapore.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Police informed New Business Age that both of them were arrested as per the court’s order. The Kathmandu District Court on Friday ordered the police to remand them in custody for three days to investigate into fraud case, according to DSP Hobindra Bogati.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jyoti has been accused of cheating Rs 13.6 million rupees by one Bigendra Krishna Malla in a land transaction case. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11389', 'image' => '20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '11641', 'article_category_id' => '1', 'title' => '‘800 New Tourist Vehicles Arriving in Nepal for VNY 2020’', 'sub_title' => '', 'summary' => 'November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. Travel and Tour companies as well as hotels have increased their investment in tourist vehicles for the comfort of the visitors.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Altogether 150 tour and travel companies are preparing to import a total of 800 new vehicles for the campaign promoted by the government. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The tour operators have to invest around Rs 4 million for the purchase of a small vehicle while they have to pay around Rs 10 million for a large vehicle. President of the Nepalese National Entrepreneurs Tourism Association Ram Hari Sharma said that it would cost around Rs 8 billion to purchase the 800 vehicles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Sharma, the members of the association are preparing to import five to seven vehicles each.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">So far, there are 5200 vehicles in the tourism sector of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, Sharma said that although the government announced the ambitious campaign to bring in more than 2 million tourists, he said that the government has failed to upgrade the roads to ensure safety of the foreigners. </span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11388', 'image' => '20191110124300_20190628024129_Visit-nepal-2020.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '11637', 'article_category_id' => '1', 'title' => 'FNCCI Special General Assembly Postponed', 'sub_title' => 'The Deferral has Paved way for Shekhar Golchha to Become the Next President', 'summary' => 'November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. The special general assembly was called to discuss the issue of statute amendment to elect a new president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the current provision, the senior vice president of FNCCI automatically becomes the next president after the term of the incumbent president expires. But a section of the FNCCI was lobbying for directly elected president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The deferral of the special general assembly has paved way for Senior Vice President Shekhar Golchha to lead the FNCCI in the next term. This has also effectively ended the power struggle that had surfaced due to a sharp division among two groups within FNCCI since a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A meeting of the statute amendment committee of the FNCCI headed by FNCCI Vice President Chandra Prasad Dhakal on Friday (November 8) decided to postpone the special general assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal along with a few other vice presidents had been lobbying against Golchha leading the federation as the three-year term of the incumbent president Bhavani Rana comes to an end soon.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The committee headed by Dhakal was supposed to submit a 35-point proposal at the special general assembly to amend the statute, that would prevent Golchha from becoming the next president. However, Dhakal backed out after other members of FNCCI during Friday’s meeting objected to the statute amendment saying that the committee had not fulfilled the due process for amendment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal said that the meeting agreed to continue with the current provision for selecting the president as a new process would invite unnecessary competition among the FNCCI members. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">The FNCCI had been sharply divided into two poles for the upcoming election. Former president Dhakal and his camp was hell bent on not allowing Senior Vice President Shekhar Golchha from leading the federation while other former presidents of FNCCI had been backing Golchha.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">Dhakal, who was until now demanding a directly elected president, was the one who took the initiative earlier to amend the statute to allow the senior vice president to automatically take charge of the federation.</span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11387', 'image' => '20191110093625_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '11636', 'article_category_id' => '266', 'title' => 'QFX Cinemas Launches New Multiplex in Bhaktapur', 'sub_title' => '', 'summary' => 'November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. ', 'content' => '<div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. The company said in a statement that the multiplex, which has investment from Regal Cinemas Pvt Ltd, will be managed by Team Quest. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The newly built theatre is located on the 5<sup>th</sup> floor of Thimi-based Bhatbhateni Supermarket in Bhaktapur district. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the company, the theatre is equipped with Depth Q 3D technology, which is a worldwide leader in its field, in all three screens. It also features Dolby ATMOS sound technology, which provides enhanced sound quality in greater detail, creating a more immersive experience for the audience with better clarity in audio. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The new multiplex also has Christie Projection System, which perfectly aligns pixels for an optimal image quality to offer viewers the most enhanced cinematic experience. </span></span></span></span></p> </div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“This is the first time that QFX Cinemas has recliner seats in the theatre. The new multiplex with 702-seat capacity is equipped with 40 recliner seats,” the statement said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">QFX Cinemas said it has given continuity to its mobile app and loyalty program "Goji" along with its online ticketing facility for cashless transactions in its new chain. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The multiplex has also put forward a food court with a kitchen offering an expanded menu of fresh food. </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Additionally, the new multiplex boasts of a modern and elegant decor that adorns its interiors. </span></span></span></span></p> <div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">With the launch of this three-screen multiplex, the total screen count of QFX Cinemas in Nepal has reached 23. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Regal Cinemas Pvt Ltd has also announced further expansion of the chain in two other locations of the country with two screens each at Bhatbhateni Supermarket, Butwal and Bhatbhateni Supermarket, Biratnagar. </span></span></span></span></p> </div> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11386', 'image' => '20191108124521_adff.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '11635', 'article_category_id' => '237', 'title' => 'Xiaomi Launches its Fifth Authorized Service Center in Nepal', 'sub_title' => '', 'summary' => 'November 8: Chinese smartphone brand Xiaomi has announced the launch of its latest Authorized Service Center (ASC) in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">November 8: Chinese smartphone brand Xiaomi </span><span style="font-family:"Arial","sans-serif"">has announced the launch of its latest Authorized Service Center (ASC) in Nepal. Situated in Narayanghat, this is the company’s fifth service center that Xiaomi has launched in a time span of just two months. Other service centres are located in Kathmandu, Nepalgunj and Itahari, the company said in a statement.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">Marking the occasion, Sourabh Kothari, country general manager of Xiaomi for Nepal, said, “At Xiaomi, we are truly focused towards making innovation accessible to everyone. With service quality being one of our key pillars at Xiaomi, we continue striving to implement the best of our innovative measures across our after-sales and customer service efforts too.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The company claimed that the launch of the service centers has witnessed an increase in the use of authorized products in the user community in Nepal. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11385', 'image' => '20191108123634_Picture 1.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '11633', 'article_category_id' => '1', 'title' => 'Bankers Willing to Join Social Security Fund if Govt Amends Ambiguous Provisions', 'sub_title' => '', 'summary' => 'November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CEOs of various banks informed the government that their staffers are unwilling to get listed in the government scheme because of some ambiguous provisions.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Speaking at an interaction with Labour Minister Gokarna Bista in the capital on Thursday, they also urged the government to amend the laws in the scheme to make it more practical.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The bankers told Minister Bista that their long-time employees are reluctant to join the scheme fearing that the move would jeopardize all their hard-earned facilities they are entitled to enjoy.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Chairman of Nepal Bankers Assiociation Gyanendra Dhungana said that the staffers want facilities like pension, insurance and loan facilities just like that the ones provided by the Employee Provident Fund and Citizens Investment Trust .</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Dhungana further said that although new employees are excited to join the scheme, long-serving staffers are not willing to do so.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The old staff members are ready to quit their jobs but are not willing to give up the facilities which they have been enjoying so far,” said Dhungana.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This is a practical problem which the government needs to understand and act accordingly,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Social Security Fund has provision of providing pension after the staffers reach 60 years. But currently, the bank staffers have been enjoying that facility at the age of 58. They are not interested to wait for two more years, the CEOs argued.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">They also complained that the same insurance facility for all the staffers was not acceptable. They argued that if the scheme was based on contribution, the insurance amount must also vary in accordance to the contribution.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Only seven out of the total 28 commercial banks have been enlisted in the Social Security Fund of the government so far.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11384', 'image' => '20191108121618_20190129043642_a.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '11632', 'article_category_id' => '1', 'title' => 'UNICEF Underlines the Need for Immediate Action in South Asia for Clean Air', 'sub_title' => '', 'summary' => 'November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">After a recent visit to South Asia, UNICEF Executive Director Henrietta Fore issued a statement urging governments in the region and around the world to take urgent steps to reduce air pollution by investing in cleaner, renewable sources of energy to replace fossil fuel combustion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, the air quality in South Asia is at crisis level. She added that the ripple effects of air pollution extend far and wide.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She said that children are the most vulnerable group and health expenses may increase if children need care and treatment. Parents may need to stay home too, in order to take care of their children. Potential income is lost and quality of life is reduced, she added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">“I was just in South Asia where I saw first-hand how children continue to suffer from the dire consequences of air pollution,” she said in the statement</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"> “The toxicity to children's brain development and health is also toxic to society, which no government can afford to ignore,” Fore added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She further said that around 620 million children in the region breathe polluted, toxic air. Because they have smaller lungs, breathe twice as fast as adults, and lack the immunities that come with age, children endure its damaging health and neurological effects the most, the statement added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, air pollution is associated with one of the biggest killers of children – pneumonia, and linked to asthma, bronchitis, and other respiratory infections.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">Air pollution also damages brain tissue and undermines cognitive development in babies and young children, leading to lifelong consequences that can affect their learning outcomes and future potential, she added.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11383', 'image' => '20191108113336_aaaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '11631', 'article_category_id' => '1', 'title' => 'Government Approves Rs 13.62 billion Loan from World Bank for Youth Employment', 'sub_title' => '', 'summary' => 'November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A cabinet meeting held earlier this week approved the loan assistance, informed Minister for Communication and Information Technology Gokul Baskota.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Joint secretary and coordinator of the PMEP Prakash Dahal said that the loan given by the World Bank under its Youth Employment Transformation Initiative will be utilized for the Prime Minister Employment Programme.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The World Bank has approved the loan to Nepal on September 18.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under Secretary Dr Loknath Bhusal at the PMEP said that the programme will be implemented within a month.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had announced the programme to provide employment to unemployed youths for 100 days in a year. In case the government cannot provide job, it will hand out Rs 25,850 to them in a year.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had released more than Rs 2 billion for the local levels under this project. However, there were widespread criticism that the programme was not effective.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This time, the government has changed the modality of the programme and has decided to increase employment opportunity by providing skill-development programmes and concessional loans.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 5.1 billion rupees for the youth employment programme in the current fiscal year.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11382', 'image' => '20191108100851_pradhanmantari.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '11630', 'article_category_id' => '1', 'title' => 'High Court Remands Chinese Hackers in Custody', 'sub_title' => '', 'summary' => 'November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. One of the Chinese was arrested red handed on August 31 while hacking an ATM at Durbar Marg. Following the arrest, police arrested his five Chinese accomplices and a few Nepalis involved in the fraud case in which millions were stolen from various ATMs before their arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The financial bench of Patan High Court issued the order on Thursday, November 7. The bench also decided to release three Nepalis arrested in connection to the hacking on bail. The court has asked Devnath Lamichhane to post a bail amount of Rs 3 million while Rewati Dawadi and Roshan Pradhan were ordered to submit Rs 2.6 million each. However, Metropolitan Police Range, Teku informed New Business Age that the trio remain in jail after failing to post the bail amount.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">DSP Hobindra Bogati said that the police have completed their investigation. The police range has already submitted its investigation report to the government attorney’s office. The high court issued the order on Thursday after receiving the report from the government attorney.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Bogati, the accused are now awaiting the final verdict in the case in which the Chinese nationals have been accused of stealing millions of rupees by hacking the Nepal Electronic Payment System.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Chinese nationals had withdrawn a total of Rs 17.6 million from ATMs of various banks. Police later found that the group had taken out Rs 11.4 million from the ATM of Nabil Bank alone. Police have recovered Rs 12.6 million and US$ 9,800 from the hackers.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, CEO of Nepal Electronic Payment System, Pravin Chhetri said that a Singaporean company has been carrying out forensic investigation into the case. NePS has been providing its service to a network of 17 banks. Although the report was initially said to be out by December this year, NePS said that it will take some more time to complete the investigation.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11381', 'image' => '20191108093229_20190902010917_aaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists. They say they have no option than to pay “premium charge” for the service because the normal 11 KVA feeder line of the Nepal Electricity Authority does not have the capacity to supply electricity more than 5 MVA. Service from the Dedicated and Trunk Line costs 59 to 67 percent more than the normal charge.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Anyone requiring more than 5 MVA electricity has to subscribe to the 66 KVA Dedicated and Trunk Line of NEA, says industrialist Rajesh Kyal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Kyal, the state-owned utility service provider charges exorbitant amount for providing uninterrupted power supply at a time when the country has got rid of power cuts problem.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">He argued that the government must slash the “premium charge” because currently there is no power cuts in the country. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The NEA has been charging premium rate even to the industries which were set up after the end of power cuts, says industrialist Gopal Kedia, chairman of Birgunj Chamber of Commerce (BCC).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The government should charge the industries normal rate for electricity keeping in mind that the home-grown industries are facing immense competition in the market.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vice president of BCC, Anil Agrawal, claimed that the electricity charge alone make up 25 percent of their production cost.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“Our home-based industries are facing hard times. On top of that, the production has been hampered by the exorbitant electricity charge. How can industries operate in such condition?” questioned Agrawal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although power cuts officially came to an end on May 15 last year, the industries have been forced to pay the same old charge because the regulation regarding collection of electricity charge is yet to be amended.</span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11395', 'image' => '20191111092510_20190717121406_Clipboard01-18.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '11645', 'article_category_id' => '1', 'title' => 'Industrialist Jyoti Remanded in Custody for 5 more Days', 'sub_title' => '', 'summary' => 'November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. The court has also granted the police to investigate his daughter Suruchi in custody for five days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">District Court Judge Om Prakash Aryal issued the order on Sunday after the arrest of the duo in connection to a fraud case in land transaction. Police had arrested former state minister Jyoti and his daughter from Tribhuvan International Airport on Thursday while they were returning home from Singapore.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Jyoti has been accused of cheating Rs 13.6 million rupees in a land transaction case filed by Bigendra Krishna Malla. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11394', 'image' => '20191111102234_20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '11638', 'article_category_id' => '1', 'title' => 'Billionaires' Wealth Falls for First Time since 2015: Report', 'sub_title' => '', 'summary' => 'November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC Billionaires Report found. Reuters reported that there was a particularly sharp decline in Greater China, the second biggest home for billionaires after the United States, and the Asia-Pacific region more broadly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to Reuters, private banks including the world’s largest wealth manager UBS have felt the effects of US-China trade tensions and global political uncertainties, as clients last year shied away from trading and taking on debt in favour of hoarding more cash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The net worth of China’s richest dropped 12.8 percent in dollar terms on the back of tumbling stock markets and a weaker local currency and as growth in the world’s second-largest economy slowed to its lowest level in nearly three decades in 2018, the report found, knocking dozens off the billionaires list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Despite the drop, China continues to produce a new billionaire every 2-2.5 days, UBS’s head of ultra-high net worth clients, Josef Stadler, said in the report released on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Worldwide, the number of billionaires fell everywhere except in the Americas, where tech entrepreneurs continued to buoy the ranks of the United States’ wealthiest, Reuters further reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“This report shows the resilience of the U.S. economy,” where there were 749 billionaires at the end of 2018, said John Matthews, head of private wealth management and ultra-high net worth business for UBS in the United States.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">While a stock market recovery from a steep drop in late 2018 has helped wealth managers increase their assets, the world’s richest families remain concerned about global affairs from trade tensions and Brexit to populism and climate change and are continuing to keep more of their money in cash.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11393', 'image' => '20191110095904_aaaadfadf.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '11642', 'article_category_id' => '1', 'title' => 'Laxmi Bank Supports Tilganga Institute for Diagnosis and Treatment of Eye Cancer Among Children', 'sub_title' => '', 'summary' => 'November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">Ajaya Bikram Shah, CEO of the bank, and Reeta Gurung, CEO of Tilganga Institute of Ophthalmology, signed the MOU amid a recent function. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said in a statement that it shall provide a fund of Rs 500,000 as an initiative under its Corporate Social Responsibility (CSR) for the diagnosis and treatment of Retinoblastoma patients from deprived financial background.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">According to the statement, Retinoblastoma is a rare eye cancer of childhood that arises in the retina. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">“It is the most common intraocular malignancy of infancy and childhood; with an incidence of 1 in 15,000 to 1 in 18,000 live births worldwide, mostly occurring to children from birth till 5 years. If the disease is diagnosed and treated on time, chances of saving life, eye and vision is very high,” the statement added. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">In Nepal, Tilganga Institute of Ophthalmology has started its treatment, which include chemotherapy, laser therapy, plaque brachy therapy and surgery whenever needed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said it aims to support the sustainable development goals for good health and well-being by providing financial support to the hospital for diagnosis and treatment of Childhood Eye Cancer. </span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11392', 'image' => '20191110010440_til.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '11643', 'article_category_id' => '1', 'title' => 'Import of Mobile Sets Increases', 'sub_title' => '', 'summary' => 'November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to the Department of Customs, Nepal imported a total of 16,23,795 sets of mobile phones worth Rs 7.19 billion during the review period. During the corresponding of last fiscal year 2018/19, the country imported 13,62,300 sets of phones worth Rs 6.29 billion.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Nepali importers have attributed the increase in import of mobile sets to the government’s decision to provide VAT rebate and also their commitment to bring in genuine products to discourage ‘grey market products’.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, chairman of Mobile Importers’ Association of Nepal, Deepak Malhotra, says that the enthusiastic increase in import of mobile sets is a result of the companies’ sales strategy for the festive season and also the market expansion of products of Samsung and Xiaomi.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government’s earlier decision to revoke VAT rebate had encouraged import of products from illegal channels, claimed the importers.</span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11391', 'image' => '20191110012124_20191023113045_aaaadd.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '11640', 'article_category_id' => '1', 'title' => 'FDI in Hospitality Business Increases Significantly', 'sub_title' => '', 'summary' => 'November 10: With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 10: </span></span><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to a report published by the Department of Industries (DOI), a total of 39 new tourism industries related to hospitality have been registered at the DOI in the first three months of the fiscal year 2019/2020. The newly registered hotels and restaurants are reported to have been registered with foreign direct investment of Rs 5.77 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to the department, the investment in the hospitality sector this year has increased by 100 percent compared to the corresponding period of last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">The state-run news agency reported that a total of 77 industries have been approved for FDI during the first three months of FY 2019/2020 out of which 39 belong to the tourism sector, 25 are service providers, seven are manufacturing industries, and six belong to information technology. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">According to DOI, the registered industries have received commitment for FDI of Rs 11.36 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"> The industries after coming into operation will create 4,292 employment opportunities. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11390', 'image' => '20191110122345_20190719021457_KTMMC_LOBBY_01.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '11639', 'article_category_id' => '1', 'title' => 'Private Sector Alarmed by Industrialist Jyoti’s Arrest', 'sub_title' => '', 'summary' => 'November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. Nepal Chamber of Commerce (NCC) has issued an official statement saying that Jyoti was arrested without being proven guilty in the case. NCC maintained its stance that anyone cannot be arrested on the basis of complaint alone.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">NCC further said that the private sector has been set aback by the unceremonious arrest of an industrialist who has been contributing to the economy by investing a huge fortune and paying taxes regularly.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and the Confederation of Nepalese Industries (CNI) have not issued any formal statements, members of the two umbrella bodies of Nepalese entrepreneurs are said to be disappointed by the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">FNCCI has called a meeting on Sunday to discuss about the issue. FNCCI Senior Vice President Shekhar Golchha said that they will make public their official view later on Sunday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“As far as my personal views are concerned, it is not fair to arrest every one for the crime committed by a single person,” said Golchha.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This incident clearly shows that the government doesn’t respect the private sector,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CNI President Satish Kumar More also expressed his displeasure toward the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“It is a legal process. But I personally feel that it is an injustice to Roop Jyoti,” he said. More further said that there is a need to improve the legal system itself.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Metropolitan Police Range, Kathmandu had arrested the former state minister along with his daughter Suruchi from Tribhuvan International Airport on Thursday evening while they were returning home from Singapore.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Police informed New Business Age that both of them were arrested as per the court’s order. The Kathmandu District Court on Friday ordered the police to remand them in custody for three days to investigate into fraud case, according to DSP Hobindra Bogati.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jyoti has been accused of cheating Rs 13.6 million rupees by one Bigendra Krishna Malla in a land transaction case. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11389', 'image' => '20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '11641', 'article_category_id' => '1', 'title' => '‘800 New Tourist Vehicles Arriving in Nepal for VNY 2020’', 'sub_title' => '', 'summary' => 'November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. Travel and Tour companies as well as hotels have increased their investment in tourist vehicles for the comfort of the visitors.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Altogether 150 tour and travel companies are preparing to import a total of 800 new vehicles for the campaign promoted by the government. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The tour operators have to invest around Rs 4 million for the purchase of a small vehicle while they have to pay around Rs 10 million for a large vehicle. President of the Nepalese National Entrepreneurs Tourism Association Ram Hari Sharma said that it would cost around Rs 8 billion to purchase the 800 vehicles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Sharma, the members of the association are preparing to import five to seven vehicles each.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">So far, there are 5200 vehicles in the tourism sector of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, Sharma said that although the government announced the ambitious campaign to bring in more than 2 million tourists, he said that the government has failed to upgrade the roads to ensure safety of the foreigners. </span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11388', 'image' => '20191110124300_20190628024129_Visit-nepal-2020.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '11637', 'article_category_id' => '1', 'title' => 'FNCCI Special General Assembly Postponed', 'sub_title' => 'The Deferral has Paved way for Shekhar Golchha to Become the Next President', 'summary' => 'November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. The special general assembly was called to discuss the issue of statute amendment to elect a new president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the current provision, the senior vice president of FNCCI automatically becomes the next president after the term of the incumbent president expires. But a section of the FNCCI was lobbying for directly elected president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The deferral of the special general assembly has paved way for Senior Vice President Shekhar Golchha to lead the FNCCI in the next term. This has also effectively ended the power struggle that had surfaced due to a sharp division among two groups within FNCCI since a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A meeting of the statute amendment committee of the FNCCI headed by FNCCI Vice President Chandra Prasad Dhakal on Friday (November 8) decided to postpone the special general assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal along with a few other vice presidents had been lobbying against Golchha leading the federation as the three-year term of the incumbent president Bhavani Rana comes to an end soon.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The committee headed by Dhakal was supposed to submit a 35-point proposal at the special general assembly to amend the statute, that would prevent Golchha from becoming the next president. However, Dhakal backed out after other members of FNCCI during Friday’s meeting objected to the statute amendment saying that the committee had not fulfilled the due process for amendment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal said that the meeting agreed to continue with the current provision for selecting the president as a new process would invite unnecessary competition among the FNCCI members. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">The FNCCI had been sharply divided into two poles for the upcoming election. Former president Dhakal and his camp was hell bent on not allowing Senior Vice President Shekhar Golchha from leading the federation while other former presidents of FNCCI had been backing Golchha.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">Dhakal, who was until now demanding a directly elected president, was the one who took the initiative earlier to amend the statute to allow the senior vice president to automatically take charge of the federation.</span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11387', 'image' => '20191110093625_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '11636', 'article_category_id' => '266', 'title' => 'QFX Cinemas Launches New Multiplex in Bhaktapur', 'sub_title' => '', 'summary' => 'November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. ', 'content' => '<div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. The company said in a statement that the multiplex, which has investment from Regal Cinemas Pvt Ltd, will be managed by Team Quest. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The newly built theatre is located on the 5<sup>th</sup> floor of Thimi-based Bhatbhateni Supermarket in Bhaktapur district. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the company, the theatre is equipped with Depth Q 3D technology, which is a worldwide leader in its field, in all three screens. It also features Dolby ATMOS sound technology, which provides enhanced sound quality in greater detail, creating a more immersive experience for the audience with better clarity in audio. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The new multiplex also has Christie Projection System, which perfectly aligns pixels for an optimal image quality to offer viewers the most enhanced cinematic experience. </span></span></span></span></p> </div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“This is the first time that QFX Cinemas has recliner seats in the theatre. The new multiplex with 702-seat capacity is equipped with 40 recliner seats,” the statement said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">QFX Cinemas said it has given continuity to its mobile app and loyalty program "Goji" along with its online ticketing facility for cashless transactions in its new chain. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The multiplex has also put forward a food court with a kitchen offering an expanded menu of fresh food. </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Additionally, the new multiplex boasts of a modern and elegant decor that adorns its interiors. </span></span></span></span></p> <div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">With the launch of this three-screen multiplex, the total screen count of QFX Cinemas in Nepal has reached 23. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Regal Cinemas Pvt Ltd has also announced further expansion of the chain in two other locations of the country with two screens each at Bhatbhateni Supermarket, Butwal and Bhatbhateni Supermarket, Biratnagar. </span></span></span></span></p> </div> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11386', 'image' => '20191108124521_adff.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '11635', 'article_category_id' => '237', 'title' => 'Xiaomi Launches its Fifth Authorized Service Center in Nepal', 'sub_title' => '', 'summary' => 'November 8: Chinese smartphone brand Xiaomi has announced the launch of its latest Authorized Service Center (ASC) in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">November 8: Chinese smartphone brand Xiaomi </span><span style="font-family:"Arial","sans-serif"">has announced the launch of its latest Authorized Service Center (ASC) in Nepal. Situated in Narayanghat, this is the company’s fifth service center that Xiaomi has launched in a time span of just two months. Other service centres are located in Kathmandu, Nepalgunj and Itahari, the company said in a statement.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">Marking the occasion, Sourabh Kothari, country general manager of Xiaomi for Nepal, said, “At Xiaomi, we are truly focused towards making innovation accessible to everyone. With service quality being one of our key pillars at Xiaomi, we continue striving to implement the best of our innovative measures across our after-sales and customer service efforts too.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The company claimed that the launch of the service centers has witnessed an increase in the use of authorized products in the user community in Nepal. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11385', 'image' => '20191108123634_Picture 1.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '11633', 'article_category_id' => '1', 'title' => 'Bankers Willing to Join Social Security Fund if Govt Amends Ambiguous Provisions', 'sub_title' => '', 'summary' => 'November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CEOs of various banks informed the government that their staffers are unwilling to get listed in the government scheme because of some ambiguous provisions.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Speaking at an interaction with Labour Minister Gokarna Bista in the capital on Thursday, they also urged the government to amend the laws in the scheme to make it more practical.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The bankers told Minister Bista that their long-time employees are reluctant to join the scheme fearing that the move would jeopardize all their hard-earned facilities they are entitled to enjoy.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Chairman of Nepal Bankers Assiociation Gyanendra Dhungana said that the staffers want facilities like pension, insurance and loan facilities just like that the ones provided by the Employee Provident Fund and Citizens Investment Trust .</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Dhungana further said that although new employees are excited to join the scheme, long-serving staffers are not willing to do so.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The old staff members are ready to quit their jobs but are not willing to give up the facilities which they have been enjoying so far,” said Dhungana.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This is a practical problem which the government needs to understand and act accordingly,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Social Security Fund has provision of providing pension after the staffers reach 60 years. But currently, the bank staffers have been enjoying that facility at the age of 58. They are not interested to wait for two more years, the CEOs argued.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">They also complained that the same insurance facility for all the staffers was not acceptable. They argued that if the scheme was based on contribution, the insurance amount must also vary in accordance to the contribution.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Only seven out of the total 28 commercial banks have been enlisted in the Social Security Fund of the government so far.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11384', 'image' => '20191108121618_20190129043642_a.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '11632', 'article_category_id' => '1', 'title' => 'UNICEF Underlines the Need for Immediate Action in South Asia for Clean Air', 'sub_title' => '', 'summary' => 'November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">After a recent visit to South Asia, UNICEF Executive Director Henrietta Fore issued a statement urging governments in the region and around the world to take urgent steps to reduce air pollution by investing in cleaner, renewable sources of energy to replace fossil fuel combustion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, the air quality in South Asia is at crisis level. She added that the ripple effects of air pollution extend far and wide.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She said that children are the most vulnerable group and health expenses may increase if children need care and treatment. Parents may need to stay home too, in order to take care of their children. Potential income is lost and quality of life is reduced, she added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">“I was just in South Asia where I saw first-hand how children continue to suffer from the dire consequences of air pollution,” she said in the statement</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"> “The toxicity to children's brain development and health is also toxic to society, which no government can afford to ignore,” Fore added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She further said that around 620 million children in the region breathe polluted, toxic air. Because they have smaller lungs, breathe twice as fast as adults, and lack the immunities that come with age, children endure its damaging health and neurological effects the most, the statement added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, air pollution is associated with one of the biggest killers of children – pneumonia, and linked to asthma, bronchitis, and other respiratory infections.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">Air pollution also damages brain tissue and undermines cognitive development in babies and young children, leading to lifelong consequences that can affect their learning outcomes and future potential, she added.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11383', 'image' => '20191108113336_aaaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '11631', 'article_category_id' => '1', 'title' => 'Government Approves Rs 13.62 billion Loan from World Bank for Youth Employment', 'sub_title' => '', 'summary' => 'November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A cabinet meeting held earlier this week approved the loan assistance, informed Minister for Communication and Information Technology Gokul Baskota.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Joint secretary and coordinator of the PMEP Prakash Dahal said that the loan given by the World Bank under its Youth Employment Transformation Initiative will be utilized for the Prime Minister Employment Programme.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The World Bank has approved the loan to Nepal on September 18.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under Secretary Dr Loknath Bhusal at the PMEP said that the programme will be implemented within a month.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had announced the programme to provide employment to unemployed youths for 100 days in a year. In case the government cannot provide job, it will hand out Rs 25,850 to them in a year.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had released more than Rs 2 billion for the local levels under this project. However, there were widespread criticism that the programme was not effective.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This time, the government has changed the modality of the programme and has decided to increase employment opportunity by providing skill-development programmes and concessional loans.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 5.1 billion rupees for the youth employment programme in the current fiscal year.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11382', 'image' => '20191108100851_pradhanmantari.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '11630', 'article_category_id' => '1', 'title' => 'High Court Remands Chinese Hackers in Custody', 'sub_title' => '', 'summary' => 'November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. One of the Chinese was arrested red handed on August 31 while hacking an ATM at Durbar Marg. Following the arrest, police arrested his five Chinese accomplices and a few Nepalis involved in the fraud case in which millions were stolen from various ATMs before their arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The financial bench of Patan High Court issued the order on Thursday, November 7. The bench also decided to release three Nepalis arrested in connection to the hacking on bail. The court has asked Devnath Lamichhane to post a bail amount of Rs 3 million while Rewati Dawadi and Roshan Pradhan were ordered to submit Rs 2.6 million each. However, Metropolitan Police Range, Teku informed New Business Age that the trio remain in jail after failing to post the bail amount.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">DSP Hobindra Bogati said that the police have completed their investigation. The police range has already submitted its investigation report to the government attorney’s office. The high court issued the order on Thursday after receiving the report from the government attorney.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Bogati, the accused are now awaiting the final verdict in the case in which the Chinese nationals have been accused of stealing millions of rupees by hacking the Nepal Electronic Payment System.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Chinese nationals had withdrawn a total of Rs 17.6 million from ATMs of various banks. Police later found that the group had taken out Rs 11.4 million from the ATM of Nabil Bank alone. Police have recovered Rs 12.6 million and US$ 9,800 from the hackers.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, CEO of Nepal Electronic Payment System, Pravin Chhetri said that a Singaporean company has been carrying out forensic investigation into the case. NePS has been providing its service to a network of 17 banks. Although the report was initially said to be out by December this year, NePS said that it will take some more time to complete the investigation.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11381', 'image' => '20191108093229_20190902010917_aaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ) ) $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:11pt"><span style="font-family:Calibri,sans-serif">November 11: Newly set up industries have been forced to subscribe to the Dedicated and Trunk Line for electricity supply even when there is no power cuts in the country, complained industrialists. They say they have no option than to pay “premium charge” for the service because the normal 11 KVA feeder line of the Nepal Electricity Authority does not have the capacity to supply electricity more than 5 MVA. Service from the Dedicated and Trunk Line costs 59 to 67 percent more than the normal charge.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Anyone requiring more than 5 MVA electricity has to subscribe to the 66 KVA Dedicated and Trunk Line of NEA, says industrialist Rajesh Kyal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Kyal, the state-owned utility service provider charges exorbitant amount for providing uninterrupted power supply at a time when the country has got rid of power cuts problem.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">He argued that the government must slash the “premium charge” because currently there is no power cuts in the country. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The NEA has been charging premium rate even to the industries which were set up after the end of power cuts, says industrialist Gopal Kedia, chairman of Birgunj Chamber of Commerce (BCC).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The government should charge the industries normal rate for electricity keeping in mind that the home-grown industries are facing immense competition in the market.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Vice president of BCC, Anil Agrawal, claimed that the electricity charge alone make up 25 percent of their production cost.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“Our home-based industries are facing hard times. On top of that, the production has been hampered by the exorbitant electricity charge. How can industries operate in such condition?” questioned Agrawal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although power cuts officially came to an end on May 15 last year, the industries have been forced to pay the same old charge because the regulation regarding collection of electricity charge is yet to be amended.</span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11395', 'image' => '20191111092510_20190717121406_Clipboard01-18.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 1 => array( 'Article' => array( 'id' => '11645', 'article_category_id' => '1', 'title' => 'Industrialist Jyoti Remanded in Custody for 5 more Days', 'sub_title' => '', 'summary' => 'November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">November 11: The Kathmandu District Court has remanded industrialist Roop Jyoti in custody for five more days. The court has also granted the police to investigate his daughter Suruchi in custody for five days. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">District Court Judge Om Prakash Aryal issued the order on Sunday after the arrest of the duo in connection to a fraud case in land transaction. Police had arrested former state minister Jyoti and his daughter from Tribhuvan International Airport on Thursday while they were returning home from Singapore.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:11.0pt"><span style="font-family:"Calibri","sans-serif"">Jyoti has been accused of cheating Rs 13.6 million rupees in a land transaction case filed by Bigendra Krishna Malla. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></span></span></p> ', 'published' => true, 'created' => '2019-11-11', 'modified' => '2019-11-11', 'keywords' => '', 'description' => '', 'sortorder' => '11394', 'image' => '20191111102234_20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 2 => array( 'Article' => array( 'id' => '11638', 'article_category_id' => '1', 'title' => 'Billionaires' Wealth Falls for First Time since 2015: Report', 'sub_title' => '', 'summary' => 'November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">November 10: The world’s richest people became a little less well off last year as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015, a report shows.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Billionaires’ wealth fell by $388 billion globally to $8.539 trillion, the UBS/PwC Billionaires Report found. Reuters reported that there was a particularly sharp decline in Greater China, the second biggest home for billionaires after the United States, and the Asia-Pacific region more broadly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">According to Reuters, private banks including the world’s largest wealth manager UBS have felt the effects of US-China trade tensions and global political uncertainties, as clients last year shied away from trading and taking on debt in favour of hoarding more cash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">The net worth of China’s richest dropped 12.8 percent in dollar terms on the back of tumbling stock markets and a weaker local currency and as growth in the world’s second-largest economy slowed to its lowest level in nearly three decades in 2018, the report found, knocking dozens off the billionaires list.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Despite the drop, China continues to produce a new billionaire every 2-2.5 days, UBS’s head of ultra-high net worth clients, Josef Stadler, said in the report released on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">Worldwide, the number of billionaires fell everywhere except in the Americas, where tech entrepreneurs continued to buoy the ranks of the United States’ wealthiest, Reuters further reported.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">“This report shows the resilience of the U.S. economy,” where there were 749 billionaires at the end of 2018, said John Matthews, head of private wealth management and ultra-high net worth business for UBS in the United States.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif">While a stock market recovery from a steep drop in late 2018 has helped wealth managers increase their assets, the world’s richest families remain concerned about global affairs from trade tensions and Brexit to populism and climate change and are continuing to keep more of their money in cash.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11393', 'image' => '20191110095904_aaaadfadf.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 3 => array( 'Article' => array( 'id' => '11642', 'article_category_id' => '1', 'title' => 'Laxmi Bank Supports Tilganga Institute for Diagnosis and Treatment of Eye Cancer Among Children', 'sub_title' => '', 'summary' => 'November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">November 10: Laxmi Bank has signed a Memorandum of Understanding (MOU) with Nepal Eye program of Tilganga Institute of Ophthalmology to support diagnosis and treatment of Childhood Eye Cancer, technically known as Retinoblastoma. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">Ajaya Bikram Shah, CEO of the bank, and Reeta Gurung, CEO of Tilganga Institute of Ophthalmology, signed the MOU amid a recent function. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said in a statement that it shall provide a fund of Rs 500,000 as an initiative under its Corporate Social Responsibility (CSR) for the diagnosis and treatment of Retinoblastoma patients from deprived financial background.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">According to the statement, Retinoblastoma is a rare eye cancer of childhood that arises in the retina. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">“It is the most common intraocular malignancy of infancy and childhood; with an incidence of 1 in 15,000 to 1 in 18,000 live births worldwide, mostly occurring to children from birth till 5 years. If the disease is diagnosed and treated on time, chances of saving life, eye and vision is very high,” the statement added. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">In Nepal, Tilganga Institute of Ophthalmology has started its treatment, which include chemotherapy, laser therapy, plaque brachy therapy and surgery whenever needed. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Cambria","serif"">The bank said it aims to support the sustainable development goals for good health and well-being by providing financial support to the hospital for diagnosis and treatment of Childhood Eye Cancer. </span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11392', 'image' => '20191110010440_til.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 4 => array( 'Article' => array( 'id' => '11643', 'article_category_id' => '1', 'title' => 'Import of Mobile Sets Increases', 'sub_title' => '', 'summary' => 'November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The import of mobile phone sets has increased in the first three months of the current fiscal year by 15 percent as compared to the corresponding period of last FY.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to the Department of Customs, Nepal imported a total of 16,23,795 sets of mobile phones worth Rs 7.19 billion during the review period. During the corresponding of last fiscal year 2018/19, the country imported 13,62,300 sets of phones worth Rs 6.29 billion.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Nepali importers have attributed the increase in import of mobile sets to the government’s decision to provide VAT rebate and also their commitment to bring in genuine products to discourage ‘grey market products’.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, chairman of Mobile Importers’ Association of Nepal, Deepak Malhotra, says that the enthusiastic increase in import of mobile sets is a result of the companies’ sales strategy for the festive season and also the market expansion of products of Samsung and Xiaomi.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government’s earlier decision to revoke VAT rebate had encouraged import of products from illegal channels, claimed the importers.</span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11391', 'image' => '20191110012124_20191023113045_aaaadd.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 5 => array( 'Article' => array( 'id' => '11640', 'article_category_id' => '1', 'title' => 'FDI in Hospitality Business Increases Significantly', 'sub_title' => '', 'summary' => 'November 10: With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"><span style="font-family:"Times New Roman","serif"">November 10: </span></span><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">With the Visit Nepal Year 2020 fast approaching, foreign investment in the hotel sector of Nepal has increased significantly, Rastriya Samachar Samiti (RSS) reported. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to a report published by the Department of Industries (DOI), a total of 39 new tourism industries related to hospitality have been registered at the DOI in the first three months of the fiscal year 2019/2020. The newly registered hotels and restaurants are reported to have been registered with foreign direct investment of Rs 5.77 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"><span style="font-family:"Times New Roman","serif"">According to the department, the investment in the hospitality sector this year has increased by 100 percent compared to the corresponding period of last year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">The state-run news agency reported that a total of 77 industries have been approved for FDI during the first three months of FY 2019/2020 out of which 39 belong to the tourism sector, 25 are service providers, seven are manufacturing industries, and six belong to information technology. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt">According to DOI, the registered industries have received commitment for FDI of Rs 11.36 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"><span style="font-size:15.0pt"> The industries after coming into operation will create 4,292 employment opportunities. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11390', 'image' => '20191110122345_20190719021457_KTMMC_LOBBY_01.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 6 => array( 'Article' => array( 'id' => '11639', 'article_category_id' => '1', 'title' => 'Private Sector Alarmed by Industrialist Jyoti’s Arrest', 'sub_title' => '', 'summary' => 'November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: The private sector has raised serious objection to the arrest of industrialist Roop Jyoti, who is also vice president of Jyoti Group. Nepal Chamber of Commerce (NCC) has issued an official statement saying that Jyoti was arrested without being proven guilty in the case. NCC maintained its stance that anyone cannot be arrested on the basis of complaint alone.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">NCC further said that the private sector has been set aback by the unceremonious arrest of an industrialist who has been contributing to the economy by investing a huge fortune and paying taxes regularly.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Although the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and the Confederation of Nepalese Industries (CNI) have not issued any formal statements, members of the two umbrella bodies of Nepalese entrepreneurs are said to be disappointed by the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">FNCCI has called a meeting on Sunday to discuss about the issue. FNCCI Senior Vice President Shekhar Golchha said that they will make public their official view later on Sunday.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“As far as my personal views are concerned, it is not fair to arrest every one for the crime committed by a single person,” said Golchha.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This incident clearly shows that the government doesn’t respect the private sector,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CNI President Satish Kumar More also expressed his displeasure toward the arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“It is a legal process. But I personally feel that it is an injustice to Roop Jyoti,” he said. More further said that there is a need to improve the legal system itself.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Metropolitan Police Range, Kathmandu had arrested the former state minister along with his daughter Suruchi from Tribhuvan International Airport on Thursday evening while they were returning home from Singapore.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Police informed New Business Age that both of them were arrested as per the court’s order. The Kathmandu District Court on Friday ordered the police to remand them in custody for three days to investigate into fraud case, according to DSP Hobindra Bogati.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Jyoti has been accused of cheating Rs 13.6 million rupees by one Bigendra Krishna Malla in a land transaction case. The district court had ordered his arrest about one year ago but Jyoti moved the Supreme Court. The apex court had issued an interim order not to arrest Jyoti. But the police finally arrested him after the Supreme Court last week vacated the interim order.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11389', 'image' => '20191110115920_20191108122721_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 7 => array( 'Article' => array( 'id' => '11641', 'article_category_id' => '1', 'title' => '‘800 New Tourist Vehicles Arriving in Nepal for VNY 2020’', 'sub_title' => '', 'summary' => 'November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 10: Travel agencies and bus operators have become active as the Visit Nepal Year 2020 comes closer every passing day. Travel and Tour companies as well as hotels have increased their investment in tourist vehicles for the comfort of the visitors.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Altogether 150 tour and travel companies are preparing to import a total of 800 new vehicles for the campaign promoted by the government. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The tour operators have to invest around Rs 4 million for the purchase of a small vehicle while they have to pay around Rs 10 million for a large vehicle. President of the Nepalese National Entrepreneurs Tourism Association Ram Hari Sharma said that it would cost around Rs 8 billion to purchase the 800 vehicles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Sharma, the members of the association are preparing to import five to seven vehicles each.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">So far, there are 5200 vehicles in the tourism sector of Nepal.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, Sharma said that although the government announced the ambitious campaign to bring in more than 2 million tourists, he said that the government has failed to upgrade the roads to ensure safety of the foreigners. </span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11388', 'image' => '20191110124300_20190628024129_Visit-nepal-2020.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 8 => array( 'Article' => array( 'id' => '11637', 'article_category_id' => '1', 'title' => 'FNCCI Special General Assembly Postponed', 'sub_title' => 'The Deferral has Paved way for Shekhar Golchha to Become the Next President', 'summary' => 'November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">November 10: The Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has postponed its special general assembly scheduled for November 15. The special general assembly was called to discuss the issue of statute amendment to elect a new president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">As per the current provision, the senior vice president of FNCCI automatically becomes the next president after the term of the incumbent president expires. But a section of the FNCCI was lobbying for directly elected president.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The deferral of the special general assembly has paved way for Senior Vice President Shekhar Golchha to lead the FNCCI in the next term. This has also effectively ended the power struggle that had surfaced due to a sharp division among two groups within FNCCI since a year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">A meeting of the statute amendment committee of the FNCCI headed by FNCCI Vice President Chandra Prasad Dhakal on Friday (November 8) decided to postpone the special general assembly.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal along with a few other vice presidents had been lobbying against Golchha leading the federation as the three-year term of the incumbent president Bhavani Rana comes to an end soon.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The committee headed by Dhakal was supposed to submit a 35-point proposal at the special general assembly to amend the statute, that would prevent Golchha from becoming the next president. However, Dhakal backed out after other members of FNCCI during Friday’s meeting objected to the statute amendment saying that the committee had not fulfilled the due process for amendment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Dhakal said that the meeting agreed to continue with the current provision for selecting the president as a new process would invite unnecessary competition among the FNCCI members. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">The FNCCI had been sharply divided into two poles for the upcoming election. Former president Dhakal and his camp was hell bent on not allowing Senior Vice President Shekhar Golchha from leading the federation while other former presidents of FNCCI had been backing Golchha.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Calibri","sans-serif"">Dhakal, who was until now demanding a directly elected president, was the one who took the initiative earlier to amend the statute to allow the senior vice president to automatically take charge of the federation.</span></span></span></p> ', 'published' => true, 'created' => '2019-11-10', 'modified' => '2019-11-10', 'keywords' => '', 'description' => '', 'sortorder' => '11387', 'image' => '20191110093625_aaaa.jpg', 'article_date' => '2019-11-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '20' ) ), (int) 9 => array( 'Article' => array( 'id' => '11636', 'article_category_id' => '266', 'title' => 'QFX Cinemas Launches New Multiplex in Bhaktapur', 'sub_title' => '', 'summary' => 'November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. ', 'content' => '<div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">November 9: QFX Cinemas has launched its first Multiplex at Bhatbhateni Supermarket in Thimi. The company said in a statement that the multiplex, which has investment from Regal Cinemas Pvt Ltd, will be managed by Team Quest. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The newly built theatre is located on the 5<sup>th</sup> floor of Thimi-based Bhatbhateni Supermarket in Bhaktapur district. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">According to the company, the theatre is equipped with Depth Q 3D technology, which is a worldwide leader in its field, in all three screens. It also features Dolby ATMOS sound technology, which provides enhanced sound quality in greater detail, creating a more immersive experience for the audience with better clarity in audio. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The new multiplex also has Christie Projection System, which perfectly aligns pixels for an optimal image quality to offer viewers the most enhanced cinematic experience. </span></span></span></span></p> </div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">“This is the first time that QFX Cinemas has recliner seats in the theatre. The new multiplex with 702-seat capacity is equipped with 40 recliner seats,” the statement said.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">QFX Cinemas said it has given continuity to its mobile app and loyalty program "Goji" along with its online ticketing facility for cashless transactions in its new chain. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The multiplex has also put forward a food court with a kitchen offering an expanded menu of fresh food. </span></span><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Additionally, the new multiplex boasts of a modern and elegant decor that adorns its interiors. </span></span></span></span></p> <div> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">With the launch of this three-screen multiplex, the total screen count of QFX Cinemas in Nepal has reached 23. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Arial,sans-serif"><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">Regal Cinemas Pvt Ltd has also announced further expansion of the chain in two other locations of the country with two screens each at Bhatbhateni Supermarket, Butwal and Bhatbhateni Supermarket, Biratnagar. </span></span></span></span></p> </div> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11386', 'image' => '20191108124521_adff.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 10 => array( 'Article' => array( 'id' => '11635', 'article_category_id' => '237', 'title' => 'Xiaomi Launches its Fifth Authorized Service Center in Nepal', 'sub_title' => '', 'summary' => 'November 8: Chinese smartphone brand Xiaomi has announced the launch of its latest Authorized Service Center (ASC) in Nepal.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">November 8: Chinese smartphone brand Xiaomi </span><span style="font-family:"Arial","sans-serif"">has announced the launch of its latest Authorized Service Center (ASC) in Nepal. Situated in Narayanghat, this is the company’s fifth service center that Xiaomi has launched in a time span of just two months. Other service centres are located in Kathmandu, Nepalgunj and Itahari, the company said in a statement.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">Marking the occasion, Sourabh Kothari, country general manager of Xiaomi for Nepal, said, “At Xiaomi, we are truly focused towards making innovation accessible to everyone. With service quality being one of our key pillars at Xiaomi, we continue striving to implement the best of our innovative measures across our after-sales and customer service efforts too.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Arial","sans-serif"">The company claimed that the launch of the service centers has witnessed an increase in the use of authorized products in the user community in Nepal. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11385', 'image' => '20191108123634_Picture 1.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 11 => array( 'Article' => array( 'id' => '11633', 'article_category_id' => '1', 'title' => 'Bankers Willing to Join Social Security Fund if Govt Amends Ambiguous Provisions', 'sub_title' => '', 'summary' => 'November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Bankers have said they are willing to get enlisted in the Social Security Fund of the government if it removes practical hurdles. </span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">CEOs of various banks informed the government that their staffers are unwilling to get listed in the government scheme because of some ambiguous provisions.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Speaking at an interaction with Labour Minister Gokarna Bista in the capital on Thursday, they also urged the government to amend the laws in the scheme to make it more practical.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The bankers told Minister Bista that their long-time employees are reluctant to join the scheme fearing that the move would jeopardize all their hard-earned facilities they are entitled to enjoy.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Chairman of Nepal Bankers Assiociation Gyanendra Dhungana said that the staffers want facilities like pension, insurance and loan facilities just like that the ones provided by the Employee Provident Fund and Citizens Investment Trust .</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Dhungana further said that although new employees are excited to join the scheme, long-serving staffers are not willing to do so.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“The old staff members are ready to quit their jobs but are not willing to give up the facilities which they have been enjoying so far,” said Dhungana.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">“This is a practical problem which the government needs to understand and act accordingly,” he added.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Social Security Fund has provision of providing pension after the staffers reach 60 years. But currently, the bank staffers have been enjoying that facility at the age of 58. They are not interested to wait for two more years, the CEOs argued.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">They also complained that the same insurance facility for all the staffers was not acceptable. They argued that if the scheme was based on contribution, the insurance amount must also vary in accordance to the contribution.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Only seven out of the total 28 commercial banks have been enlisted in the Social Security Fund of the government so far.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11384', 'image' => '20191108121618_20190129043642_a.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 12 => array( 'Article' => array( 'id' => '11632', 'article_category_id' => '1', 'title' => 'UNICEF Underlines the Need for Immediate Action in South Asia for Clean Air', 'sub_title' => '', 'summary' => 'November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">November 8: UNICEF has called for urgent action to address the air quality crisis of South Asia.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">After a recent visit to South Asia, UNICEF Executive Director Henrietta Fore issued a statement urging governments in the region and around the world to take urgent steps to reduce air pollution by investing in cleaner, renewable sources of energy to replace fossil fuel combustion.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, the air quality in South Asia is at crisis level. She added that the ripple effects of air pollution extend far and wide.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She said that children are the most vulnerable group and health expenses may increase if children need care and treatment. Parents may need to stay home too, in order to take care of their children. Potential income is lost and quality of life is reduced, she added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">“I was just in South Asia where I saw first-hand how children continue to suffer from the dire consequences of air pollution,” she said in the statement</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif"> “The toxicity to children's brain development and health is also toxic to society, which no government can afford to ignore,” Fore added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">She further said that around 620 million children in the region breathe polluted, toxic air. Because they have smaller lungs, breathe twice as fast as adults, and lack the immunities that come with age, children endure its damaging health and neurological effects the most, the statement added.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">According to Fore, air pollution is associated with one of the biggest killers of children – pneumonia, and linked to asthma, bronchitis, and other respiratory infections.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman",serif">Air pollution also damages brain tissue and undermines cognitive development in babies and young children, leading to lifelong consequences that can affect their learning outcomes and future potential, she added.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11383', 'image' => '20191108113336_aaaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 13 => array( 'Article' => array( 'id' => '11631', 'article_category_id' => '1', 'title' => 'Government Approves Rs 13.62 billion Loan from World Bank for Youth Employment', 'sub_title' => '', 'summary' => 'November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: The government has approved concessional loan of Rs 13.62 billion from the World Bank for the Prime Minister Employment Programme (PMEP).</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">A cabinet meeting held earlier this week approved the loan assistance, informed Minister for Communication and Information Technology Gokul Baskota.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Joint secretary and coordinator of the PMEP Prakash Dahal said that the loan given by the World Bank under its Youth Employment Transformation Initiative will be utilized for the Prime Minister Employment Programme.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The World Bank has approved the loan to Nepal on September 18.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Under Secretary Dr Loknath Bhusal at the PMEP said that the programme will be implemented within a month.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had announced the programme to provide employment to unemployed youths for 100 days in a year. In case the government cannot provide job, it will hand out Rs 25,850 to them in a year.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government had released more than Rs 2 billion for the local levels under this project. However, there were widespread criticism that the programme was not effective.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">This time, the government has changed the modality of the programme and has decided to increase employment opportunity by providing skill-development programmes and concessional loans.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The government has allocated Rs 5.1 billion rupees for the youth employment programme in the current fiscal year.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11382', 'image' => '20191108100851_pradhanmantari.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ), (int) 14 => array( 'Article' => array( 'id' => '11630', 'article_category_id' => '1', 'title' => 'High Court Remands Chinese Hackers in Custody', 'sub_title' => '', 'summary' => 'November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">November 8: Patan High Court has remanded six Chinese nationals in judicial custody for their alleged involvement in ATM hackings in the capital three months ago. One of the Chinese was arrested red handed on August 31 while hacking an ATM at Durbar Marg. Following the arrest, police arrested his five Chinese accomplices and a few Nepalis involved in the fraud case in which millions were stolen from various ATMs before their arrest.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The financial bench of Patan High Court issued the order on Thursday, November 7. The bench also decided to release three Nepalis arrested in connection to the hacking on bail. The court has asked Devnath Lamichhane to post a bail amount of Rs 3 million while Rewati Dawadi and Roshan Pradhan were ordered to submit Rs 2.6 million each. However, Metropolitan Police Range, Teku informed New Business Age that the trio remain in jail after failing to post the bail amount.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">DSP Hobindra Bogati said that the police have completed their investigation. The police range has already submitted its investigation report to the government attorney’s office. The high court issued the order on Thursday after receiving the report from the government attorney.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">According to Bogati, the accused are now awaiting the final verdict in the case in which the Chinese nationals have been accused of stealing millions of rupees by hacking the Nepal Electronic Payment System.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">The Chinese nationals had withdrawn a total of Rs 17.6 million from ATMs of various banks. Police later found that the group had taken out Rs 11.4 million from the ATM of Nabil Bank alone. Police have recovered Rs 12.6 million and US$ 9,800 from the hackers.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif">Meanwhile, CEO of Nepal Electronic Payment System, Pravin Chhetri said that a Singaporean company has been carrying out forensic investigation into the case. NePS has been providing its service to a network of 17 banks. Although the report was initially said to be out by December this year, NePS said that it will take some more time to complete the investigation.</span></span></p> ', 'published' => true, 'created' => '2019-11-08', 'modified' => '2019-11-08', 'keywords' => '', 'description' => '', 'sortorder' => '11381', 'image' => '20191108093229_20190902010917_aaa.jpg', 'article_date' => '2019-11-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '20' ) ) ) $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
